P.A.
ActiveSummary
P.A. has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €146,143 and a net result of €1,839. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 67% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-3
Solvency77=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.87 against 0.69 in 2024; short-term debt: 39.5% and cash: 32.6% of total assets), and 47.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
52.1%
Return on assets
0.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
22 d early
2023
24 d late
2022
23 d late
2021
23 d late
2020
3 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€146,143▲ 1.3%
2024 · €144,305
Total assets
€280,275▲ 0.8%
2024 · €278,036
Net result
€1,839▼ 79.8%
2024 · €9,093
Working capital
-€14,369▲ 58.0%
2024 · -€34,223
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€23,717▼ 69.8%€7,394€5,261▼ 28.8%€10,440▲ 98.4%€4,981▼ 52.3%
Net result-€23,902below the sector's middle half▼ 70.2%€7,219within the sector's middle half€5,074within the sector's middle half▼ 29.7%€9,093within the sector's middle half▲ 79.2%€1,839within the sector's middle half▼ 79.8%
Equity€122,918within the sector's middle half▼ 27.7%€130,137within the sector's middle half▲ 5.9%€135,212within the sector's middle half▲ 3.9%€144,305within the sector's middle half▲ 6.7%€146,143within the sector's middle half▲ 1.3%
Total assets€242,410within the sector's middle half▲ 36.7%€268,206within the sector's middle half▲ 10.6%€273,280within the sector's middle half▲ 1.9%€278,036within the sector's middle half▲ 1.7%€280,275within the sector's middle half▲ 0.8%
Debt€119,492▲ 1,502%€138,068▲ 15.5%€138,068=€133,732▼ 3.1%€134,131▲ 0.3%
Working capital-€91,365-€83,622▲ 8.5%-€60,932▲ 27.1%-€34,223▲ 43.8%-€14,369▲ 58.0%
Solvency50.7%within the sector's middle half▼ 45.1pp48.5%within the sector's middle half▼ 2.2pp49.5%within the sector's middle half▲ 1.0pp51.9%within the sector's middle half▲ 2.4pp52.1%within the sector's middle half▲ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 52% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €280,275
Fixed assets
€184,012 ▼ 8.7%
Current assets
€96,263 ▲ 26.0%
Equity and liabilities €280,275
Equity
€146,143 ▲ 1.3%
Debt
€134,131 ▲ 0.3%
Debt's share of the balance-sheet total falls from 48.1% to 47.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22,597▼
2024 · €28,056
Cash flow
€19,454▼
2024 · €26,709
Current ratio
0.87▲
2024 · 0.69
Debt to equity
0.92▼
2024 · 0.93
ROE
1.3%▼
2024 · 6.3%
ROA
0.7%▼
2024 · 3.3%
Interest coverage
342.38▲
2024 · 222.66
Debt ≤ 1 year
€110,632=
2024 · €110,632
Debt > 1 year
€23,100=
2024 · €23,100
Income taxes
€3,077▲
2024 · €1,221
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5,558 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,284 | €17,429 | €17,616 | €17,616 | €17,616 | = |
| Other operating charges640/8 | €3,982 | €3,485 | €4,079 | €4,657 | €4,655 | = |
| Gross operating margin9900 | -€3,451 | €28,307 | €26,956 | €32,712 | €27,252 | ▼ 16.7% |
| Operating profit (loss)9901 | -€23,717 | €7,394 | €5,261 | €10,440 | €4,981 | ▼ 52.3% |
| Financial charges65/66B | €186 | €174 | €187 | €126 | €66 | ▼ 47.6% |
| Recurring financial charges65 | €186 | €174 | €187 | €126 | €66 | ▼ 47.6% |
| Profit (loss) for the period before taxes9903 | -€23,902 | €7,219 | €5,074 | €10,314 | €4,915 | ▼ 52.3% |
| Income taxes67/77 | - | - | - | €1,221 | €3,077 | ▲ 152% |
| Profit (loss) for the period9904 | -€23,902 | €7,219 | €5,074 | €9,093 | €1,839 | ▼ 79.8% |
| Profit (loss) for the period to be appropriated9905 | -€23,902 | €7,219 | €5,074 | €9,093 | €1,839 | ▼ 79.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €242,410 | €268,206 | €273,280 | €278,036 | €280,275 | ▲ 0.8% |
| Fixed assets21/28 | €237,383 | €236,859 | €219,243 | €201,628 | €184,012 | ▼ 8.7% |
| Tangible fixed assets22/27 | €237,383 | €236,859 | €219,243 | €201,628 | €184,012 | ▼ 8.7% |
| Land and buildings22 | €154,640 | €147,249 | €139,857 | €132,466 | €125,074 | ▼ 5.6% |
| Plant, machinery and equipment23 | €82,743 | €89,610 | €79,386 | €69,162 | €58,938 | ▼ 14.8% |
| Current assets29/58 | €5,027 | €31,347 | €54,037 | €76,409 | €96,263 | ▲ 26.0% |
| Amounts receivable within one year40/41 | - | €34 | €21 | €55 | €944 | ▲ 1,614% |
| Other amounts receivable41 | - | €34 | €21 | €55 | €944 | ▲ 1,614% |
| Cash at bank and in hand54/58 | €62 | €27,493 | €52,739 | €75,030 | €91,470 | ▲ 21.9% |
| Deferred charges and accrued income490/1 | €4,965 | €3,819 | €1,277 | €1,323 | €3,848 | ▲ 191% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €242,410 | €268,206 | €273,280 | €278,036 | €280,275 | ▲ 0.8% |
| Equity10/15 | €122,918 | €130,137 | €135,212 | €144,305 | €146,143 | ▲ 1.3% |
| Contributions10/11 | €41,999 | €41,999 | €41,999 | €41,999 | €41,999 | = |
| Revaluation surpluses12 | €84,293 | €76,901 | €69,510 | €62,118 | €54,727 | ▼ 11.9% |
| Reserves13 | €136,742 | €144,133 | €151,525 | €158,916 | €166,308 | ▲ 4.7% |
| Distributable reserves133 | €136,742 | €144,133 | €151,525 | €158,916 | €166,308 | ▲ 4.7% |
| Profit (loss) carried forward14 | -€140,115 | -€132,896 | -€127,822 | -€118,729 | -€116,890 | ▲ 1.5% |
| Amounts payable17/49 | €119,492 | €138,068 | €138,068 | €133,732 | €134,131 | ▲ 0.3% |
| Amounts payable after more than one year17 | €23,100 | €23,100 | €23,100 | €23,100 | €23,100 | = |
| Other amounts payable178/9 | €23,100 | €23,100 | €23,100 | €23,100 | €23,100 | = |
| Amounts payable within one year42/48 | €96,392 | €114,968 | €114,968 | €110,632 | €110,632 | = |
| Trade debts44 | €849 | - | - | - | - | - |
| Suppliers440/4 | €849 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €1,221 | €1,221 | = |
| Taxes450/3 | - | - | - | €1,221 | €1,221 | = |
| Other amounts payable47/48 | €95,542 | €114,968 | €114,968 | €109,411 | €109,411 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | €400 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€23,902 | €7,219 | €5,074 | €9,093 | €1,839 | ▼ 79.8% |
| + Depreciation and write-downs630 | €16,284 | €17,429 | €17,616 | €17,616 | €17,616 | = |
| Operating cash flow (approximation) | -€7,618 | €24,648 | €22,690 | €26,709 | €19,454 | ▼ 27.2% |
| Investment in fixed assets (approximation) | - | -€16,905 | €0 | €0 | €0 | - |
| Change in cash | - | €27,431 | €25,246 | €22,292 | €16,440 | ▼ 26.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-09
State Gazette act
Resignation: Odile CLOSE (director)Appointment: Damien CLETTE (director) · Permanent representative: Odile CLOSE5 facts ▸
State Gazette act
Resignation: Odile CLOSE (director)
Appointment: Damien CLETTE (director) · Permanent representative: Odile CLOSE5 facts ▸
- General meeting, 26-06-2026
- Director resignation, Odile CLOSE (director)
- Director appointment, Damien CLETTE (director)
- Permanent representative, Odile CLOSE (permanent representative)
- Director in office, Odile CLOSE (administrateur, représentée par odile close, représentante permanente)
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €9,093 ▲79.2%
Operating result €10,440, net result €9,093, both a record.
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Back to profitnet €7,219
Net result €7,219 after 3 loss-making years.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Weakest financial yearnet -€23,902
Net result drops to -€23,902, the lowest in the series; recovery starts the following year.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 5 days late
2017
06-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Damien CLETTE
CurrentDirector · since 17-09-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Mons · 1 establishment unit since 1986
Ground area
280 m²
Building footprint
243 m²
Volume, LiDAR
3,355 m³
Parcel 53059D0175/00E000, Wallonia · tallest building 15.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
S.A. P.A.
since 19862.036.470.953
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53059D0175/00E000 | Wallonia | 280 m² | 1 · 243 m² | 15.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Damien CLETTE |
|
| Odile CLOSE |
|
Structure & network
Owners and holdings
1 ownerChain of control
- Close Techniques
- P.A.
Highest known parent: Close Techniques. The sources do not say who stands above it.
Owners 1
- Close Techniquesparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
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Of 11,757 companies in sector 68310 we hold annual accounts for 6,907. 5,266 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-03-1986
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0428667249
Also
9925:BE0428667249
Registered
19-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.