PABLO
ActivePABLO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €623k and a net result of €3k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 34% of 2269 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability20▼-25
Solvency49=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.82 against 0.84 in 2024; short-term debt: 76% and cash: 9% of total assets), and 76.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
23.9%
Return on assets
0.1%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-02-2026, 24 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 · 10 filingsDeviation from the deadline
2025
24 d late
2024
25 d late
2023
29 d late
2022
27 d late
2021
3 d late
2020
11 d late
2019
27 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€623k▲ 0.5%
2024 · €620k
2019: €392k
2020: €392k
2021: €518k
2022: €523k
2023: €542k
2024: €620k
2019 → 2025
Total assets
€2.60M▼ 1.2%
2024 · €2.64M
2019: €2.61M
2020: €2.61M
2021: €2.64M
2022: €2.66M
2023: €2.65M
2024: €2.64M
2019 → 2025
Net result
€3k▼ 96.4%
2024 · €78k
2019: €-66k
2020: €-302k
2021: €428k
2022: €5k
2023: €19k
2024: €78k
2019 → 2025
Working capital
€-346k▼ 8.9%
2024 · €-318k
2019: €-558k
2020: €-558k
2021: €-485k
2022: €-416k
2023: €-401k
2024: €-318k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€518k-€523k▲ 0.9%€542k▲ 3.6%€620k▲ 14.5%€623k▲ 0.5%
Operating result€9k-€73k▲ 685%€5k▼ 93.8%€7k▲ 43.4%€10k▲ 48.3%
Net result€428k-€5k▼ 98.9%€19k▲ 286%€78k▲ 314%€3k▼ 96.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 48% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.60M
Fixed assets
€971k▼ 0.1%
Current assets
€1.63M▼ 1.9%
Equity and liabilities €2.60M
Equity
€623k▲ 0.5%
Debt
€1.98M▼ 1.7%
The debt ratio falls from 76.5% to 76.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11k▲
2024 · €7k
Cash flow
€4k▼
2024 · €79k
Solvency
23.9%▲
2024 · 23.5%
Current ratio
0.82▼
2024 · 0.84
Quick ratio
0.82▼
2024 · 0.84
Debt / equity
3.18▼
2024 · 3.25
ROE
0.5%▼
2024 · 12.6%
ROA
0.1%▼
2024 · 3.0%
Interest coverage
0.19▲
2024 · -13.01
Debt
€1.98M▼
2024 · €2.02M
Debt ≤ 1 year
€1.98M▼
2024 · €1.98M
Income taxes
€6k▼
2024 · €19k
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€2.64M€2.60M▼
Fixed assets21/28€972k€971k▼
Tangible fixed assets22/27€91k€90k▼
Land and buildings22€90k€89k▼
Plant, machinery and equipment23€541€413▼
Furniture and vehicles24€760€282▼
Financial fixed assets28€882k€882k=
Current assets29/58€1.66M€1.63M▼
Amounts receivable within one year40/41€3k€14k▲
Trade receivables40€0-
Other amounts receivable41€3k€14k▲
Current investments50/53€1.39M€1.38M▼
Cash at bank and in hand54/58€269k€234k▼
Deferred charges and accrued income490/1€430€2k▲
Equity and liabilities
Total equity and liabilities10/49€2.64M€2.60M▼
Equity10/15€620k€623k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€558k€561k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€552k€555k▲
Amounts payable17/49€2.02M€1.98M▼
Amounts payable within one year42/48€1.98M€1.98M▼
Trade debts44€5k€15k▲
Suppliers440/4€5k€15k▲
Taxes, remuneration and social security45€1k€3k▲
Taxes450/3€1k€3k▲
Other amounts payable47/48€1.98M€1.96M▼
Accrued charges and deferred income492/3€34k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€845€872▲
Other operating charges640/8€8k€7k▼
Gross operating margin9900€15k€18k▲
Operating profit (loss)9901€7k€10k▲
Financial income75/76B€90k€55k▼
Recurring financial income75€90k€55k▼
Financial charges65/66B€-570€57k▲
Recurring financial charges65€-570€57k▲
Profit (loss) for the period before taxes9903€97k€8k▼
Income taxes67/77€19k€6k▼
Profit (loss) for the period9904€78k€3k▼
Profit (loss) for the period to be appropriated9905€78k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€78k€3k▼
Transfer to equity691/2€78k€3k▼
To other reserves6921€78k€3k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (14 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
2026
24-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
25-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 27 days late
2022
03-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2021
30-06
Financial
Back to profitnet €428k
Net result €428k after 2 loss-making years.
30-06
Financial
Equity above €500kEq €518k ▲32%
Equity rises from €392k to €518k.
11-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 11 days late
2020
30-06
Financial
Weakest financial yearnet €-302k
Net result drops to €-302k, the lowest in the series; recovery starts the following year.
27-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
07-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 7 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Waregem · 1 establishment unit since 1991
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.
Schoendalestraat 2358793 WaregemGround area
706 m²
Building footprint
255 m²
Volume, LiDAR
1,046 m³
Parcel 34035B0224/00B002, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Schoendalestraat 235, 8793 Waregem
since 19912.054.057.845
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34035B0224/00B002 | Flanders | 706 m² | 1 · 255 m² | 6.6 m · 1 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.
Recognitions · licences · registrations
Legal Entity Identifier
9676003QHR12PZF9EE82
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Flow Event Solutions
BE 0747.723.708
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TOPVIEW
BE 0450.146.415
Antwerpen · Eq €622k
DELTA EXTINGUISHERS
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VATRACO
BE 0474.549.734
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Of 24,503 companies in sector 82990 we hold annual accounts for 9,401. 5,472 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-07-1991
Fiscal year end30-06
Activities, NACEBEL
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.