Equity
JOS PAUWELS paid out €135,000 in dividends. That is 1,124% of the 2025 profit.
JOS PAUWELS paid out €135,000 in dividends. That is 1,124% of the 2025 profit.
The last five annual accounts were filed 75 to 140 days before the end of the period.
More equity than 85% of companies in wholesale trade. Sector median €56,545 · 13,815 companies.
The dashed line is the sector median: 0.4% across 26,892 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 90% of them on solvency, 76% on liquidity, 59% on profitability and 15% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 10,904 companies had the same profile as JOS PAUWELS has now. Each dot stands for 28 companies, two years later.
That fits the bankruptcy probability of JOS PAUWELS itself: < 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for JOS PAUWELS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 3.06 (4.34 in 2024), above the usual 1.5. Short-term debt is 17.7% and cash 20.6% of total assets. 17.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 118 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| JOS PAUWELS Diksmuide | €350,106 | €138,796 | 82.3% | - |
| AMO BENELUX Wielsbeke | €349,068 | €182,734 | 16.5% | - |
| DEWAELE LIEVEN Ghent | €326,192 | €181,766 | -2.5% | - |
| E + Auderghem | €338,484 | €99,531 | 95.6% | - |
| THUIA Maaseik | €458,304 | €139,570 | 96.4% | - |
| CLARYBEL Sint-Niklaas | €410,917 | €104,470 | -26.1% | - |
| ZEDD Antwerp | €308,778 | €191,090 | 73.6% | 2.6 |
These companies have the same main activity as JOS PAUWELS: agents in non-specialised wholesale trade (NACE 46190). They are comparable in size and age: total assets between €309,000 and €458,000, founded between 2008 and 2011.
JOS PAUWELS files the micro format. That format states no turnover. The gross margin rose from €102,524 in 2010 to €138,796 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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