Equity
OFFIX PAYROLL paid out €1.2m in dividends. That is 343% of the 2025 profit.
OFFIX PAYROLL paid out €1.2m in dividends. That is 343% of the 2025 profit.
The result fell in 2025 from €1.0m to €349,714.
Debts rose by €978,681 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Short-term debts rose from €312,054 to €1.6m.
The 2019 accounts came 40 days late. The other nine were filed on time.
The dashed line is the sector median: 0.3% across 1,379 companies (NACE 78, micro).
About 2 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 78, micro). It does better than 50% of them on solvency, 27% on liquidity, 60% on profitability and 51% 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, 34,693 companies had the same profile as OFFIX PAYROLL has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of OFFIX PAYROLL itself: 0.2% 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 34,693 companies, not a prediction for OFFIX PAYROLL. 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 tight, with a current ratio of 1.19 (5.66 in 2024), below the usual 1.5. Short-term debt is 55.5% and cash 16.1% of total assets. 55.5% 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 15 days before the deadline. In the sector (NACE 78), the median for financial year 2024 was 14 days before the deadline, and 30% of those companies filed late.
Shares in 1 company, STAFFABLE BELGIE
Board & ownership| Company | ||||
|---|---|---|---|---|
| OFFIX PAYROLL Aarschot | €2.0m | 23.2% | 44.5% | 7.4 |
| Protection UNIT Hospitality Saint-Georges-sur-Meuse | €2.6m | 11.5% | 16.4% | 6.2 |
| SBD Machelen (Brab.) | €2.8m | 15.2% | 60.5% | 6.9 |
| X-CARE Wallonie Mons | €3.3m | 4.6% | 80.1% | 34.5 |
| TRS Staffing Solutions Belgium Antwerp | €4.0m | 0.4% | 63.2% | 16.1 |
| Axilium Group Schilde | €2.1m | 12.1% | 17.7% | 7.6 |
| HR ONE GROUP Zaventem | - | - | 82.2% | 6.7 |
Grey: the largest companies of the sector (employment activities (NACE 78)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as OFFIX PAYROLL: employment placement agencies (NACE 78100). They are comparable in size and age: total assets between €728,000 and €3.5m, founded between 2007 and 2021.
OFFIX PAYROLL has existed since 2015. Turnover grew from €459,384 in 2020 to €2.0m in 2025 and staff from 3.7 to 7.4 full-time equivalents.
Turnover has grown every year since 2020. Solvency fell in 2025 from 78.1% to 44.5% because of the dividend.
PARTENA BUSINESS SOLUTIONS holds 95% of the shares.
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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