PAC-E
ActiveSummary
PAC-E has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,036 and a net result of €20,056. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 52% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
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Signals
This company filed its last 6 accounts on average 43 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 26,964 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €44,451 | €48,063 | €17,226 | -€72 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,435 | €5,435 | €5,435 | €5,435 | €2,117 | ▼ 61.0% |
| Other operating charges640/8 | - | €564 | €705 | €999 | €536 | ▼ 46.4% |
| Gross operating margin9900 | €65,395 | €50,107 | €61,957 | -€1,704 | €22,805 | ▲ 1,438% |
| Operating profit (loss)9901 | €21,022 | -€342 | €7,754 | -€25,364 | €20,223 | ▲ 180% |
| Financial charges65/66B | - | €511 | €404 | €295 | €168 | ▼ 43.2% |
| Recurring financial charges65 | €646 | €511 | €404 | €295 | €168 | ▼ 43.2% |
| Profit (loss) for the period before taxes9903 | €20,376 | -€853 | €7,350 | -€25,660 | €20,056 | ▲ 178% |
| Income taxes67/77 | €4,942 | €698 | €2,430 | €162 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €15,434 | -€1,551 | €4,920 | -€25,821 | €20,056 | ▲ 178% |
| Profit (loss) for the period to be appropriated9905 | €15,434 | -€1,551 | €4,920 | -€25,821 | €20,056 | ▲ 178% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46,898 | €36,845 | €39,391 | €7,049 | €27,630 | ▲ 292% |
| Fixed assets21/28 | €18,422 | €12,987 | €7,552 | €2,117 | €250 | ▼ 88.2% |
| Tangible fixed assets22/27 | €18,422 | €12,987 | €7,552 | €2,117 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €12,987 | €7,552 | €2,117 | €0 | ▼ 100% |
| Financial fixed assets28 | - | - | - | - | €250 | - |
| Current assets29/58 | €28,476 | €23,858 | €31,839 | €4,932 | €27,380 | ▲ 455% |
| Amounts receivable within one year40/41 | €18,583 | €10,992 | €70 | €2,339 | €13,254 | ▲ 467% |
| Trade receivables40 | - | €10,642 | €0 | - | €9,829 | - |
| Other amounts receivable41 | - | €349 | €70 | €2,339 | €3,425 | ▲ 46.5% |
| Cash at bank and in hand54/58 | €8,128 | €11,090 | €5,609 | €1,839 | €13,598 | ▲ 640% |
| Deferred charges and accrued income490/1 | - | €1,776 | €26,159 | €755 | €527 | ▼ 30.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46,898 | €36,845 | €39,391 | €7,049 | €27,630 | ▲ 292% |
| Equity10/15 | €19,433 | €17,882 | €22,802 | -€3,020 | €17,036 | ▲ 664% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Outside capital11 | - | €5,000 | - | - | - | - |
| Other1109/19 | - | €5,000 | - | - | - | - |
| Reserves13 | €14,433 | €12,882 | €17,802 | €0 | €12,036 | - |
| Distributable reserves133 | - | €12,882 | €17,802 | €0 | €12,036 | - |
| Profit (loss) carried forward14 | - | - | - | -€8,020 | €0 | ▲ 100% |
| Amounts payable17/49 | €27,465 | €18,964 | €16,589 | €10,069 | €10,594 | ▲ 5.2% |
| Amounts payable after more than one year17 | €13,062 | €8,098 | €3,018 | €0 | - | - |
| Financial debts170/4 | - | €8,098 | €3,018 | €0 | - | - |
| Amounts payable within one year42/48 | €14,403 | €10,518 | €13,083 | €9,682 | €10,594 | ▲ 9.4% |
| Current portion of amounts payable after more than one year42 | - | €4,964 | €5,080 | €3,018 | €0 | ▼ 100% |
| Trade debts44 | €157 | €446 | €157 | €0 | €10,594 | - |
| Suppliers440/4 | - | €446 | €157 | €0 | €10,594 | - |
| Taxes, remuneration and social security45 | - | €5,108 | €7,846 | €6,663 | €0 | ▼ 100% |
| Taxes450/3 | - | €2,028 | €4,256 | €4,606 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | €3,080 | €3,590 | €2,057 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €348 | €488 | €387 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,434 | -€1,551 | €4,920 | -€25,821 | €20,056 | ▲ 178% |
| + Depreciation and write-downs630 | €5,435 | €5,435 | €5,435 | €5,435 | €2,117 | ▼ 61.0% |
| Operating cash flow (approximation) | €20,869 | €3,884 | €10,355 | -€20,387 | €22,173 | ▲ 209% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€250 | - |
| Change in cash | - | €2,962 | -€5,481 | -€3,771 | €11,759 | ▲ 412% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014K0671/00P002 | Flanders | 476 m² | 1 · 138 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 1
-
25%
According to the annual accounts to 30-09-2025 of PAC-E and those 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
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
Identification & contact
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.