PACA CONSTRUCT
ActiveSummary
For PACA CONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €422k and a net result of €116k. Equity is growing by ~45.7% per year across the filed fiscal years. Its solvency ranks better than 57% of 33673 sector peers (fiscal year 2023). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability73▲+8
Solvency76▲+38
Growth55▼-6
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2023Solvency, return and age of the figures
Solvency
51.3%
Return on assets
14.2%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 8 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 04-11-2024, 96 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
96 d late
2022
151 d late
2021
201 d late
2020
476 d late
2019
118 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Turnover
€2.57M▼ 17.2%
2022 · €3.10M
2020: €3.22Mhighest in 4 years
2021: €2.83M▼ -12.2% vs 2020
2022: €3.10M▲ +9.8% vs 2021
2023: €2.57M▼ -17.2% vs 2022lowest in 4 years
2020 → 2023
EBIT margin
6.2%▲ 0.9pp
2022 · 5.3%
2020: 2.6%
2021: 2.2%▼ -15.0% vs 2020lowest in 4 years
2022: 5.3%▲ +138% vs 2021
2023: 6.2%▲ +16.1% vs 2022highest in 4 years
2020 → 2023
Net result
€116k▼ 9.8%
2022 · €129k
2018: €2klowest in 6 years
2019: €18k▲ +708% vs 2018
2020: €64k▲ +249% vs 2019
2021: €48k▼ -25.3% vs 2020
2022: €129k▲ +169% vs 2021highest in 6 years
2023: €116k▼ -9.8% vs 2022
2018 → 2023
Working capital
€374k▲ 20.7%
2022 · €310k
2018: €49k
2019: €47k▼ -3.0% vs 2018lowest in 6 years
2020: €119k▲ +150% vs 2019
2021: €137k▲ +15.7% vs 2020
2022: €310k▲ +125% vs 2021
2023: €374k▲ +20.7% vs 2022highest in 6 years
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€3.22M€2.83M▼ 12.2%€3.10M▲ 9.8%€2.57M▼ 17.2%
2020: €3.22Mhighest in 4 years
2021: €2.83M▼ -12.2% vs 2020
2022: €3.10M▲ +9.8% vs 2021
2023: €2.57M▼ -17.2% vs 2022lowest in 4 years
Equity€86k-€150k▲ 74.4%€198k▲ 31.9%€305k▲ 54.0%€422k▲ 38.1%
2019: €86klowest in 5 years
2020: €150k▲ +74.4% vs 2019
2021: €198k▲ +31.9% vs 2020
2022: €305k▲ +54.0% vs 2021
2023: €422k▲ +38.1% vs 2022highest in 5 years
Operating result€39k-€85k▲ 120%€63k▼ 25.4%€165k▲ 161%€159k▼ 3.9%
2019: €39klowest in 5 years
2020: €85k▲ +120% vs 2019
2021: €63k▼ -25.4% vs 2020
2022: €165k▲ +161% vs 2021highest in 5 years
2023: €159k▼ -3.9% vs 2022
Net result€18k-€64k▲ 249%€48k▼ 25.3%€129k▲ 169%€116k▼ 9.8%
2019: €18klowest in 5 years
2020: €64k▲ +249% vs 2019
2021: €48k▼ -25.3% vs 2020
2022: €129k▲ +169% vs 2021highest in 5 years
2023: €116k▼ -9.8% vs 2022
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 4% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €822k
Fixed assets
€48k ▲ 33.0%
Current assets
€774k ▼ 66.2%
Equity and liabilities €822k
Equity
€422k ▲ 38.1%
Debt
€400k ▼ 80.2%
Debt's share of the balance-sheet total falls from 86.9% to 48.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€169k▼
2022 · €183k
Cash flow
€126k▼
2022 · €147k
Current ratio
1.93▲
2022 · 1.16
Debt to equity
0.95▼
2022 · 6.62
ROE
27.6%▼
2022 · 42.2%
ROA
14.2%▲
2022 · 5.5%
Interest coverage
42.72▼
2022 · 311.97
Debt ≤ 1 year
€400k▼
2022 · €1.98M
Income taxes
€39k▼
2022 · €42k
Staff costs
€116k▲
2022 · €100k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 49 lines
Balance sheet
Code20222023
Assets
Total assets20/58€2.33M€822k▼
Fixed assets21/28€36k€48k▲
Tangible fixed assets22/27€28k€39k▲
Plant, machinery and equipment23€1k€1k=
Furniture and vehicles24-€38k
Leasing and similar rights25€26k-
Financial fixed assets28€9k€9k=
Current assets29/58€2.29M€774k▼
Amounts receivable within one year40/41€2.03M€588k▼
Trade receivables40€1.90M€544k▼
Other amounts receivable41€126k€44k▼
Cash at bank and in hand54/58€264k€186k▼
Equity and liabilities
Total equity and liabilities10/49€2.33M€822k▼
Equity10/15€305k€422k▲
Contributions10/11€12k€12k=
Reserves13€14k€14k=
Non-distributable reserves130/1€14k€14k=
Reserves not available under the articles1311€4k€4k=
Own shares acquired1312€10k€10k=
Profit (loss) carried forward14€279k€395k▲
Amounts payable17/49€2.02M€400k▼
Amounts payable after more than one year17€40k-
Financial debts170/4€40k-
Amounts payable within one year42/48€1.98M€400k▼
Financial debts43-€44k
Credit institutions430/8-€44k
Trade debts44€1.94M€310k▼
Suppliers440/4€1.94M€310k▼
Taxes, remuneration and social security45€45k€3k▼
Taxes450/3€45k-
Remuneration and social security454/9-€3k
Other amounts payable47/48-€44k
Income statement
Code20222023
Turnover70€3.10M€2.57M▼
Goods, raw materials, services and sundry goods60/61€2.82M€2.28M▼
Remuneration, social security and pensions62€100k€116k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€10k▼
Other operating charges640/8-€8k
Gross operating margin9900€283k€292k▲
Operating profit (loss)9901€165k€159k▼
Financial income75/76B€6k€66▼
Recurring financial income75€6k€66▼
Financial charges65/66B€587€4k▲
Recurring financial charges65€587€4k▲
Profit (loss) for the period before taxes9903€171k€155k▼
Income taxes67/77€42k€39k▼
Profit (loss) for the period9904€129k€116k▼
Profit (loss) for the period to be appropriated9905€129k€116k▼
Appropriation of the result
Profit (loss) to be appropriated9906€279k€395k▲
Profit (loss) brought forward from the previous period14P€150k€279k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €3.22M | €2.83M | €3.10M | €2.57M | ▼ 17.2% |
| Goods, raw materials, services and sundry goods60/61 | - | €3.07M | €1.68M | €2.82M | €2.28M | ▼ 19.3% |
| Remuneration, social security and pensions62 | - | €36k | €52k | €100k | €116k | ▲ 15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26k | €22k | €12k | €18k | €10k | ▼ 46.1% |
| Other operating charges640/8 | - | €9k | €17k | - | €8k | - |
| Non-recurring operating charges66A | - | €1k | - | - | - | - |
| Gross operating margin9900 | €139k | €153k | €144k | €283k | €292k | ▲ 3.0% |
| Operating profit (loss)9901 | €39k | €85k | €63k | €165k | €159k | ▼ 3.9% |
| Financial income75/76B | - | €3k | €2k | €6k | €66 | ▼ 98.9% |
| Recurring financial income75 | €1k | €3k | €2k | €6k | €66 | ▼ 98.9% |
| Financial charges65/66B | - | €4k | €2k | €587 | €4k | ▲ 572% |
| Recurring financial charges65 | €1k | €4k | €2k | €587 | €4k | ▲ 572% |
| Profit (loss) for the period before taxes9903 | €38k | €84k | €64k | €171k | €155k | ▼ 9.2% |
| Income taxes67/77 | €20k | €20k | €16k | €42k | €39k | ▼ 7.6% |
| Profit (loss) for the period9904 | €18k | €64k | €48k | €129k | €116k | ▼ 9.8% |
| Profit (loss) for the period to be appropriated9905 | €18k | €64k | €48k | €129k | €116k | ▼ 9.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €707k | €696k | €523k | €2.33M | €822k | ▼ 64.7% |
| Fixed assets21/28 | €49k | €55k | €112k | €36k | €48k | ▲ 33.0% |
| Tangible fixed assets22/27 | €46k | €46k | €103k | €28k | €39k | ▲ 43.4% |
| Plant, machinery and equipment23 | - | - | €2k | €1k | €1k | = |
| Furniture and vehicles24 | - | €19k | €48k | - | €38k | - |
| Leasing and similar rights25 | - | €27k | €53k | €26k | - | - |
| Financial fixed assets28 | €4k | €9k | €9k | €9k | €9k | = |
| Current assets29/58 | €658k | €641k | €411k | €2.29M | €774k | ▼ 66.2% |
| Amounts receivable within one year40/41 | €615k | €491k | €303k | €2.03M | €588k | ▼ 71.0% |
| Trade receivables40 | - | €445k | €209k | €1.90M | €544k | ▼ 71.4% |
| Other amounts receivable41 | - | €46k | €94k | €126k | €44k | ▼ 64.8% |
| Cash at bank and in hand54/58 | €42k | €150k | €108k | €264k | €186k | ▼ 29.6% |
| Deferred charges and accrued income490/1 | - | - | €504 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €707k | €696k | €523k | €2.33M | €822k | ▼ 64.7% |
| Equity10/15 | €86k | €150k | €198k | €305k | €422k | ▲ 38.1% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €12k | €12k | €14k | €14k | €14k | = |
| Non-distributable reserves130/1 | - | €2k | €4k | €14k | €14k | = |
| Reserves not available under the articles1311 | - | €2k | €4k | €4k | €4k | = |
| Own shares acquired1312 | - | - | - | €10k | €10k | = |
| Tax-exempt reserves132 | - | €10k | €10k | - | - | - |
| Profit (loss) carried forward14 | €62k | €126k | €172k | €279k | €395k | ▲ 41.7% |
| Amounts payable17/49 | €621k | €546k | €325k | €2.02M | €400k | ▼ 80.2% |
| Amounts payable after more than one year17 | €10k | €23k | €51k | €40k | - | - |
| Financial debts170/4 | - | €23k | €51k | €40k | - | - |
| Amounts payable within one year42/48 | €611k | €523k | €274k | €1.98M | €400k | ▼ 79.8% |
| Current portion of amounts payable after more than one year42 | - | €18k | - | - | - | - |
| Financial debts43 | - | - | - | - | €44k | - |
| Credit institutions430/8 | - | - | - | - | €44k | - |
| Trade debts44 | €550k | €501k | €246k | €1.94M | €310k | ▼ 84.0% |
| Suppliers440/4 | - | €501k | €246k | €1.94M | €310k | ▼ 84.0% |
| Taxes, remuneration and social security45 | - | €4k | €28k | €45k | €3k | ▼ 94.4% |
| Taxes450/3 | - | €2k | €20k | €45k | - | - |
| Remuneration and social security454/9 | - | €2k | €8k | - | €3k | - |
| Other amounts payable47/48 | - | €1 | - | - | €44k | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €64k | €48k | €129k | €116k | ▼ 9.8% |
| + Depreciation and write-downs630 | €26k | €22k | €12k | €18k | €10k | ▼ 46.1% |
| Operating cash flow (approximation) | €45k | €86k | €60k | €147k | €126k | ▼ 14.2% |
| Investment in fixed assets (approximation) | - | €-28k | €-69k | €58k | €-22k | ▼ 137% |
| Change in cash | - | €109k | €-42k | €155k | €-78k | ▼ 150% |
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
2024
04-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 96 days late
2023
29-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 151 days late
17-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 201 days late
2022
31-12
Financial
Highest result since 2018net €129k ▲169%
Operating result €165k, net result €129k, both a record.
31-12
Financial
Equity above €200kEq €305k ▲54%
5 profitable years in a row build equity to €305k.
19-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 476 days late
2020
31-12
Financial
Equity above €150kEq €150k ▲74.4%
3 profitable years in a row build equity to €150k.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 118 days late
2019
15-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 107 days late
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 63 days late
2017
23-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Sint-Genesius-Rode · 1 establishment unit since 2015
Ground area
373 m²
Building footprint
209 m²
Volume, LiDAR
2,361 m³
2 parcels, Brussels, Flanders · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PACA CONSTRUCT
since 20152.245.274.044
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21003A0231/00S008 | Brussels | 285 m² | 1 · 96 m² | 14.4 m · 4 fl. |
| 22004C0835/00K000 | Flanders | 89 m² | 1 · 113 m² | 13.1 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 4,860 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-08-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.