PABS
ActivePABS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13k and a net result of €-6k. Equity is shrinking by ~30.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 37% of 27676 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (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
Profitability0=
Solvency60▼-17
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.55 against 2.08 in 2024; short-term debt: 64.5% and cash: 68.9% of total assets), but 64.5% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
raises risk · 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 2025Solvency, return and age of the figures
Solvency
35.5%
Return on assets
-16.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-6k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-08-2026, 9 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
9 d late
2024
7 d late
2023
13 d late
2022
70 d late
2021
6 d early
2020
9 d late
2019
13 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€13k▼ 31.8%
2024 · €19k
2018: €141k
2019: €149k
2020: €77k
2021: €84k
2022: €51k
2023: €42k
2024: €19k
2018 → 2025
Total assets
€36k▲ 0.6%
2024 · €35k
2018: €147k
2019: €160k
2020: €87k
2021: €91k
2022: €66k
2023: €55k
2024: €35k
2018 → 2025
Net result
€-6k▲ 74.7%
2024 · €-23k
2018: €-2k
2019: €8k
2020: €-71k
2021: €6k
2022: €-32k
2023: €-9k
2024: €-23k
2018 → 2025
Working capital
€13k▼ 30.9%
2024 · €18k
2018: €135k
2019: €146k
2020: €70k
2021: €79k
2022: €49k
2023: €41k
2024: €18k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€84k-€51k▼ 38.7%€42k▼ 18.4%€19k▼ 55.7%€13k▼ 31.8%
Operating result€-5k-€-34k▼ 584%€-9k▲ 72.0%€-23k▼ 144%€-5k▲ 77.6%
Net result€6k-€-32k€-9k▲ 70.9%€-23k▼ 147%€-6k▲ 74.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €23k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €36k
Equity
€13k▼ 31.8%
Debt
€23k▲ 36.1%
The debt ratio rises from 47.7% to 64.5%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
35.5%▼
2024 · 52.3%
Current ratio
1.55▼
2024 · 2.08
Quick ratio
1.55▼
2024 · 2.08
Debt / equity
1.82▲
2024 · 0.91
ROE
-46.6%▲
2024 · -125.7%
ROA
-16.5%▲
2024 · -65.8%
Debt
€23k▲
2024 · €17k
Debt ≤ 1 year
€23k▲
2024 · €17k
Income taxes
€24▼
2024 · €116
Staff costs
€2k▼
2024 · €22k
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€35k€36k▲
Fixed assets21/28€236-
Tangible fixed assets22/27€236-
Furniture and vehicles24€236-
Current assets29/58€35k€36k▲
Amounts receivable within one year40/41€35k€11k▼
Trade receivables40€7k€9k▲
Other amounts receivable41€28k€2k▼
Cash at bank and in hand54/58€91€25k▲
Deferred charges and accrued income490/1€35-
Equity and liabilities
Total equity and liabilities10/49€35k€36k▲
Equity10/15€19k€13k▼
Contributions10/11€19k€19k=
Reserves13€40k€40k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€21k€21k=
Distributable reserves133€17k€17k=
Profit (loss) carried forward14€-41k€-46k▼
Amounts payable17/49€17k€23k▲
Amounts payable within one year42/48€17k€23k▲
Trade debts44€1k€1k▼
Suppliers440/4€1k€1k▼
Taxes, remuneration and social security45€230€140▼
Taxes450/3€230€140▼
Other amounts payable47/48€16k€22k▲
Income statement
Code20242025
Remuneration, social security and pensions62€22k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€487-
Other operating charges640/8€75€116▲
Gross operating margin9900€-499€-3k▼
Operating profit (loss)9901€-23k€-5k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€283€732▲
Recurring financial charges65€283€732▲
Profit (loss) for the period before taxes9903€-23k€-6k▲
Income taxes67/77€116€24▼
Profit (loss) for the period9904€-23k€-6k▲
Profit (loss) for the period to be appropriated9905€-23k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-41k€-46k▼
Profit (loss) brought forward from the previous period14P€-17k€-41k▼
The notes to these accounts (5 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
09-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 9 days late
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-12
Financial
Weakest financial yearnet €-71k ▼978%
Net result drops to €-71k, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Bierbeek · 1 establishment unit since 2002
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.
Eikeboomlaan 33360 BierbeekGround area
2,702 m²
Building footprint
214 m²
Volume, LiDAR
2,142 m³
Parcel 24053B0303/00R000, Flanders · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PABS BVBA
since 20022.096.033.705
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24053B0303/00R000 | Flanders | 2,702 m² | 1 · 214 m² | 14.3 m · 4 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.
Similar companies · same sector, comparable size
D.S.L. GRUP
BE 0685.777.726
Sint-Jans-Molenbeek · Eq €13k
SANG NEUF
BE 0464.465.395
Eghezée · Eq €13k
GREGORIO CONSTRUCT
BE 0798.865.274
Zaventem · Eq €13k
Kennes Constructief
BE 0708.965.872
Scherpenheuvel-Zichem · Eq €13k
Mollen Jonathan
BE 1017.863.560
Hulshout · Eq €13k
Of 15,529 companies in sector 43990 we hold annual accounts for 7,421. 4,486 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-05-2002
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
45250
42911Civil engineering
43120Site preparation
43230Insulation installation
43291Specialised construction activities
43310Plastering work
45112
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.