P&A PARTNERS

Active

Private limited companyfounded 20197 yrs activeRue Kéramis(L.L) 4, 7100 La Louvière, BelgiumKBO/BCE: BE 0725.424.002

The computed 12-month bankruptcy probability of P&A PARTNERS is 3.3% (moderate). The 2024 annual accounts show equity of €61k and a net result of €2k. Equity is shrinking by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 31% of 26053 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

40 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability69▼-19

Solvency36▲+2

Growth32▼-26

Track record100

Bankruptcy probability, 12 months

3.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days only on tighter terms

Liquidity short (current ratio 0.91 against 0.92 in 2023; short-term debt: 89.1% and cash: 15.2% of total assets), and 89.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

10.9%

Return on assets

0.3%

Age of the figures

20 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

56 d late

2022

57 d late

2021

122 d late

2020

80 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€2k▼ 98.2%

2023 · €100k

2020: €96k 2021: €96k 2022: €102k 2023: €100k

2020 → 2024

Working capital

€-44k▼ 3.2%

2023 · €-43k

2020: €84k 2021: €165k 2022: €264k 2023: €-43k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€102k-€198k▲ 94.5%€313k▲ 57.7%€60k▼ 81.0%€61k▲ 3.0%

Operating result€132k-€132k=€137k▲ 3.2%€140k▲ 2.8%€9k▼ 93.9%

Net result€96k-€96k▲ 0.6%€102k▲ 5.9%€100k▼ 2.5%€2k▼ 98.2%

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 94% below 2023 and is the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €565k

18.7%

81.3%

Fixed assets €106k▲ 3.1%

Current assets €459k▼ 13.3%

Equity and liabilities €565k

11%

89.1%

Equity €61k▲ 3.0%

Debt €503k▼ 12.0%

The debt ratio falls from 90.6% to 89.1%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€36k▼

2023 · €156k

Cash flow

€29k▼

2023 · €116k

Solvency

10.9%▲

2023 · 9.4%

Current ratio

0.91▼

2023 · 0.92

Quick ratio

0.30▼

2023 · 0.48

Debt / equity

8.20▼

2023 · 9.60

ROE

2.9%▼

2023 · 167.2%

ROA

0.3%▼

2023 · 15.8%

Interest coverage

8.79▼

2023 · 34.04

Debt

€503k▼

2023 · €572k

Debt ≤ 1 year

€503k▼

2023 · €572k

Income taxes

€3k▼

2023 · €36k

Staff costs

€133k▼

2023 · €153k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€632k€565k▼

Fixed assets21/28€103k€106k▲

Tangible fixed assets22/27€103k€106k▲

Plant, machinery and equipment23€50k€62k▲

Furniture and vehicles24€50k€39k▼

Other tangible fixed assets26€2k€4k▲

Financial fixed assets28€50€50=

Current assets29/58€529k€459k▼

Stocks and contracts in progress3€254k€310k▲

Stocks30/36€254k€310k▲

Amounts receivable within one year40/41€71k€60k▼

Trade receivables40€56k€39k▼

Other amounts receivable41€14k€21k▲

Cash at bank and in hand54/58€202k€86k▼

Deferred charges and accrued income490/1€2k€3k▲

Equity and liabilities

Total equity and liabilities10/49€632k€565k▼

Equity10/15€60k€61k▲

Contributions10/11€19k€19k=

Profit (loss) carried forward14€41k€43k▲

Amounts payable17/49€572k€503k▼

Amounts payable within one year42/48€572k€503k▼

Current portion of amounts payable after more than one year42€22k€2k▼

Trade debts44€82k€89k▲

Suppliers440/4€82k€89k▲

Taxes, remuneration and social security45€143k€64k▼

Taxes450/3€127k€50k▼

Remuneration and social security454/9€16k€14k▼

Other amounts payable47/48€326k€349k▲

Income statement Code20232024

Remuneration, social security and pensions62€153k€133k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€27k▲

Other operating charges640/8€7k€7k▼

Gross operating margin9900€316k€175k▼

Operating profit (loss)9901€140k€9k▼

Financial income75/76B€82€45▼

Recurring financial income75€82€45▼

Financial charges65/66B€5k€4k▼

Recurring financial charges65€5k€4k▼

Profit (loss) for the period before taxes9903€136k€5k▼

Income taxes67/77€36k€3k▼

Profit (loss) for the period9904€100k€2k▼

Profit (loss) for the period to be appropriated9905€100k€2k▼

Appropriation of the result

Profit (loss) to be appropriated9906€394k€43k▼

Profit (loss) brought forward from the previous period14P€294k€41k▼

Profit to be distributed694/7€353k-

Return on contributions (dividend)694€353k-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 9Financial 4Filings 5

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

31-12

Financial Weakest financial yearnet €2k ▼98.2%

Net result drops to €2k, the lowest in the series.

25-09

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 56 days late

2023

26-09

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 57 days late

2022

31-12

Financial Highest result since 2020net €102k ▲5.9%

Net result €102k, the highest in the series.

31-12

Financial Equity above €200kEq €313k ▲57.7%

3 profitable years in a row build equity to €313k.

30-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 122 days late

2021

31-12

Financial Equity above €150kEq €198k ▲94.5%

2 profitable years in a row build equity to €198k.

19-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 80 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, La Louvière · 3 establishment units since 2019

establishment All 3 establishment units on the map

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.

Rue Kéramis(L.L) 47100 La Louvière

Ground area

1.9 ha

Building footprint

1,003 m²

Volume, LiDAR

3,379 m³

4 parcels, Wallonia · tallest building 16.6 m, ±4 floors. Linked by address, not a title deed.

3 establishment units

CANTINE DES ITALIENS

Rue Tout-y-Faut(H-G) 90, 7110 La LouvièreNACE 45113

since 20192.288.155.368

GARAGE PICARDO

Chaussée Paul Houtart(H-G) 179, 7110 La LouvièreNACE 45113

since 20192.288.156.061

L'Instant Mariemont

Chaussée de Mariemont(MLZ) 100, 7140 MorlanwelzFull-service restaurants

since 20262.386.519.803

4 parcels

Wallonia 4 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
55020C0134/00W000	Wallonia	1.7 ha	1 · 50 m²	4.4 m · 1 fl.
55020C0848/00X000	Wallonia	1,257 m²	1 · 208 m²	9.5 m · 2 fl.
56057A0184/00H003 ProtectedSite or landscape	Wallonia	944 m²	1 · 596 m²	-
55372D0048/00R007	Wallonia	181 m²	1 · 149 m²	16.6 m · 4 fl.