ETS PAESEN
ActiveETS PAESEN has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.26M and a net result of €101k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 49% of 912 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72=
Solvency61▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 3.91 against 2.64 in 2024; short-term debt: 7% and cash: 3% of total assets), but 63.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Sector 77
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36.2%
Return on assets
2.9%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-10-2025, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
on the day
2023
2 d late
2022
2 d late
2021
9 d late
2020
33 d early
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close20-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.26M▲ 8.7%
2024 · €1.16M
2019: €826k
2020: €881k
2021: €969k
2022: €1.06M
2023: €1.18M
2024: €1.16M
2019 → 2025
Total assets
€3.49M▼ 6.2%
2024 · €3.72M
2019: €2.97M
2020: €3.77M
2021: €3.97M
2022: €3.76M
2023: €3.98M
2024: €3.72M
2019 → 2025
Net result
€101k▲ 0.7%
2024 · €101k
2019: €117k
2020: €56k
2021: €88k
2022: €267k
2023: €179k
2024: €101k
2019 → 2025
Working capital
€708k▲ 19.1%
2024 · €594k
2019: €-280k
2020: €-196k
2021: €-83k
2022: €431k
2023: €578k
2024: €594k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€969k-€1.06M▲ 9.0%€1.18M▲ 11.4%€1.16M▼ 1.4%€1.26M▲ 8.7%
Operating result€167k-€399k▲ 139%€296k▼ 25.9%€231k▼ 21.9%€193k▼ 16.3%
Net result€88k-€267k▲ 204%€179k▼ 33.0%€101k▼ 43.7%€101k▲ 0.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.49M
Fixed assets
€2.54M▼ 8.1%
Current assets
€951k▼ 0.6%
Equity and liabilities €3.49M
Equity
€1.26M▲ 8.7%
Provisions
€47k▼ 5.1%
Debt
€2.18M▼ 13.1%
The debt ratio falls from 67.4% to 62.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€342k▼
2024 · €533k
Cash flow
€250k▼
2024 · €403k
Solvency
36.2%▲
2024 · 31.2%
Current ratio
3.91▲
2024 · 2.64
Quick ratio
3.91▲
2024 · 2.64
Debt / equity
1.73▼
2024 · 2.16
ROE
8.0%▼
2024 · 8.7%
ROA
2.9%▲
2024 · 2.7%
Interest coverage
6.30▼
2024 · 7.95
Debt
€2.18M▼
2024 · €2.51M
Debt ≤ 1 year
€243k▼
2024 · €363k
Debt > 1 year
€1.91M▼
2024 · €2.12M
Income taxes
€51k▼
2024 · €75k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.72M€3.49M▼
Fixed assets21/28€2.76M€2.54M▼
Tangible fixed assets22/27€2.76M€2.53M▼
Land and buildings22€1.98M€1.91M▼
Plant, machinery and equipment23€17k€15k▼
Furniture and vehicles24€152k€33k▼
Other tangible fixed assets26€614k€580k▼
Financial fixed assets28€1k€1k=
Current assets29/58€957k€951k▼
Amounts receivable after more than one year29€262k€310k▲
Other amounts receivable291€262k€310k▲
Amounts receivable within one year40/41€211k€199k▼
Trade receivables40€100k€60k▼
Other amounts receivable41€111k€139k▲
Current investments50/53€330k€339k▲
Cash at bank and in hand54/58€148k€104k▼
Deferred charges and accrued income490/1€5k€0▼
Equity and liabilities
Total equity and liabilities10/49€3.72M€3.49M▼
Equity10/15€1.16M€1.26M▲
Contributions10/11€65k€65k=
Reserves13€1.10M€1.20M▲
Non-distributable reserves130/1€7k€0▼
Reserves not available under the articles1311€7k€0▼
Tax-exempt reserves132€162k€154k▼
Distributable reserves133€927k€1.04M▲
Profit (loss) carried forward14-€0
Provisions and deferred taxes16€50k€47k▼
Deferred taxes168€50k€47k▼
Amounts payable17/49€2.51M€2.18M▼
Amounts payable after more than one year17€2.12M€1.91M▼
Financial debts170/4€2.12M€1.91M▼
Amounts payable within one year42/48€363k€243k▼
Current portion of amounts payable after more than one year42€204k€210k▲
Trade debts44€17k€18k▲
Suppliers440/4€17k€18k▲
Taxes, remuneration and social security45€22k€11k▼
Taxes450/3€22k€11k▼
Other amounts payable47/48€119k€4k▼
Accrued charges and deferred income492/3€23k€23k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€302k€148k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-5k€0▲
Other operating charges640/8€69k€37k▼
Gross operating margin9900€596k€379k▼
Operating profit (loss)9901€231k€193k▼
Financial income75/76B€10k€11k▲
Recurring financial income75€10k€11k▲
Financial charges65/66B€67k€54k▼
Recurring financial charges65€67k€54k▼
Profit (loss) for the period before taxes9903€174k€150k▼
Transfer from deferred taxes780€3k€3k=
Income taxes67/77€75k€51k▼
Profit (loss) for the period9904€101k€101k▲
Transfer from tax-exempt reserves789€8k€8k=
Profit (loss) for the period to be appropriated9905€108k€109k▲
Appropriation of the result
Profit (loss) to be appropriated9906€108k€109k▲
Transfer from equity791/2€117k€0▼
Transfer to equity691/2€108k€109k▲
To other reserves6921€108k€109k▲
Profit to be distributed694/7€117k€0▼
Return on contributions (dividend)694€117k€0▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
02-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 2 days late
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
31-03
Financial
Highest result since 2019net €267k ▲204%
Operating result €399k, net result €267k, both a record.
31-03
Financial
Equity above €1MEq €1.06M ▲9%
4 profitable years in a row build equity to €1.06M.
2021
09-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 9 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Weakest financial yearnet €56k ▼52.3%
Net result drops to €56k, the lowest in the series; recovery starts the following year.
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
25-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
11-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 1980
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hellebeemden 143500 HasseltGround area
5,577 m²
Building footprint
1,820 m²
Volume, LiDAR
11,546 m³
Parcel 71324E0185/00M000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ETS PAESEN
since 19802.017.560.012
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71324E0185/00M000 | Flanders | 5,577 m² | 1 · 1,820 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,443 companies in sector 77110 we hold annual accounts for 726. 324 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-06-1980
Fiscal year end31-03
Activities, NACEBEL
50104
77110Renting and leasing of cars and light motor vehicles
46711Wholesale of cars and light vans (up to 3.5 tonnes)
45194
46713Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.