Skip to content

Paca1

Active
Private limited companyfounded 20224 yrs activeBrandstraat 94, 9830 Sint-Martens-Latem, BelgiumKBO/BCE: BE 0783.909.458

The file of Paca1 contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.

Summary

The computed 12-month bankruptcy probability is 2.7% (moderate). The 2024 annual accounts show equity of €269,161 and a net result of €69,419. Equity is growing by ~30.5% per year across the filed fiscal years.

Checked score

Score 2024
Axes · tick = 2023
Profitability88▼-12
Solvency100▲+6
Growth52▼-26
Track record79
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days only on tighter terms
Liquidity ample (current ratio 4.58 against 3.26 in 2023; short-term debt: 21.8% and cash: 7.4% of total assets), and 21.8% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · 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
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-10-2025, 82 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 · 3 filings
Deviation from the deadline
2025
not confirmed
2024
82 d late
2023
418 d late
2022
784 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 428 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · 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

History

Paca1 was incorporated on 28 March 2022 as a Private limited company.1 Total assets rose from EUR 152,622 in 2022 to EUR 344,314 in 2024.2 On 16 September 2025 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024
  3. 3Belgian State Gazette, 22-09-2025

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema

Equity
€269,161=
2023 · €269,161
Total assets
€344,314▼ 11.4%
2023 · €388,504
Net result
€69,419▼ 57.7%
2023 · €164,132
Working capital
€269,161=
2023 · €269,161
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result€126,668-€214,044▲ 69.0%€68,935▼ 67.8%
Net result€100,029-€164,132▲ 64.1%€69,419▼ 57.7%
Equity€105,029-€269,161▲ 156%€269,161=
Total assets€152,622-€388,504▲ 155%€344,314▼ 11.4%
Debt€47,593-€119,343▲ 151%€75,154▼ 37.0%
Working capital€105,029-€269,161▲ 156%€269,161=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€100,000€200,000Operating result 2022: €126,668€126,668Net result 2022: €100,029€100,029Operating result 2023: €214,044€214,044Net result 2023: €164,132€164,132Operating result 2024: €68,935€68,935Net result 2024: €69,419€69,419202220232024€0€100,000€200,000Operating result 2022: €126,668€127,000Net result 2022: €100,029€100,000Operating result 2023: €214,044€214,000Net result 2023: €164,132€164,000Operating result 2024: €68,935€68,900Net result 2024: €69,419€69,400202220232024
The operating result falls in 2024; 2024 is 68% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €344,314
Equity €269,161 =
Debt €75,154 ▼ 37.0%
Debt's share of the balance-sheet total falls from 30.7% to 21.8%. Debt is lower.
Key figures and ratios
2024 value · change against 2023
Current ratio
4.58▲
2023 · 3.26
Debt to equity
0.28▼
2023 · 0.44
ROE
25.8%▼
2023 · 61.0%
ROA
20.2%▼
2023 · 42.2%
Debt ≤ 1 year
€75,154▼
2023 · €119,343
Income taxes
€8,739▼
2023 · €49,668
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 39,276 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 34 lines
Balance sheet Code20232024
Assets
Total assets20/58€388,504€344,314▼
Current assets29/58€388,504€344,314▼
Amounts receivable within one year40/41€330,628€318,813▼
Trade receivables40€4,033€143,115▲
Other amounts receivable41€326,595€175,698▼
Cash at bank and in hand54/58€57,875€25,502▼
Equity and liabilities
Total equity and liabilities10/49€388,504€344,314▼
Equity10/15€269,161€269,161=
Contributions10/11€5,000€5,000=
Reserves13€264,161€264,161=
Distributable reserves133€264,161€264,161=
Amounts payable17/49€119,343€75,154▼
Amounts payable within one year42/48€119,343€75,154▼
Trade debts44€440€6,023▲
Suppliers440/4€440€6,023▲
Taxes, remuneration and social security45€118,903€69,131▼
Taxes450/3€118,903€69,131▼
Income statement Code20232024
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€119,297
Other operating charges640/8€1,217€240▼
Gross operating margin9900€215,261€188,472▼
Operating profit (loss)9901€214,044€68,935▼
Financial income75/76B€261€9,605▲
Recurring financial income75€261€9,605▲
Financial charges65/66B€505€383▼
Recurring financial charges65€505€383▼
Profit (loss) for the period before taxes9903€213,800€78,157▼
Income taxes67/77€49,668€8,739▼
Profit (loss) for the period9904€164,132€69,419▼
Profit (loss) for the period to be appropriated9905€164,132€69,419▼
Appropriation of the result
Profit (loss) to be appropriated9906€164,132€69,419▼
Transfer to equity691/2€164,132-
To other reserves6921€164,132-
Profit to be distributed694/7-€69,419
Return on contributions (dividend)694-€69,419

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€119,297-
Other operating charges640/8€2,850€1,217€240▼ 80.3%
Gross operating margin9900€129,518€215,261€188,472▼ 12.4%
Operating profit (loss)9901€126,668€214,044€68,935▼ 67.8%
Financial income75/76B€1,855€261€9,605▲ 3,585%
Recurring financial income75€1,855€261€9,605▲ 3,585%
Financial charges65/66B€305€505€383▼ 24.1%
Recurring financial charges65€305€505€383▼ 24.1%
Profit (loss) for the period before taxes9903€128,218€213,800€78,157▼ 63.4%
Income taxes67/77€28,189€49,668€8,739▼ 82.4%
Profit (loss) for the period9904€100,029€164,132€69,419▼ 57.7%
Profit (loss) for the period to be appropriated9905€100,029€164,132€69,419▼ 57.7%
Line202220232024Change
Assets
Total assets20/58€152,622€388,504€344,314▼ 11.4%
Current assets29/58€152,622€388,504€344,314▼ 11.4%
Amounts receivable within one year40/41€125,556€330,628€318,813▼ 3.6%
Trade receivables40€1,855€4,033€143,115▲ 3,448%
Other amounts receivable41€123,701€326,595€175,698▼ 46.2%
Cash at bank and in hand54/58€27,066€57,875€25,502▼ 55.9%
Equity and liabilities
Total equity and liabilities10/49€152,622€388,504€344,314▼ 11.4%
Equity10/15€105,029€269,161€269,161=
Contributions10/11€5,000€5,000€5,000=
Reserves13€100,029€264,161€264,161=
Distributable reserves133€100,029€264,161€264,161=
Amounts payable17/49€47,593€119,343€75,154▼ 37.0%
Amounts payable within one year42/48€47,593€119,343€75,154▼ 37.0%
Trade debts44€293€440€6,023▲ 1,267%
Suppliers440/4€293€440€6,023▲ 1,267%
Taxes, remuneration and social security45€47,300€118,903€69,131▼ 41.9%
Taxes450/3€47,300€118,903€69,131▼ 41.9%
Line202220232024Change
Profit (loss) for the period9904€100,029€164,132€69,419▼ 57.7%
Operating cash flow (approximation)€100,029€164,132€69,419▼ 57.7%
Change in cash-€30,810-€32,374▼ 205%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2025
21-11
Bankruptcy Bankruptcy reversal
Ondernemingsrechtbank Gent, afdeling Gent · event 18-11-2025
21-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 82 days late
22-09
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 16-09-2025
22-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 418 days late
22-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 784 days late
2024
31-12
Financial Weakest financial yearnet €69,419 ▼57.7%
Net result drops to €69,419, the lowest in the series.
2023
31-12
Financial Highest result since 2022net €164,132 ▲64.1%
Operating result €214,044, net result €164,132, both a record.
31-12
Financial Equity above €200,000Eq €269,161 ▲156%
2 profitable years in a row build equity to €269,161.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Sint-Martens-Latem · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
867 m²
Building footprint
141 m²
Volume, LiDAR
752 m³
Parcel 44064B0087/00W000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Paca1
Brandstraat 94, 9830 Sint-Martens-LatemFinancial service activities, except insurance and pension funding
since 20222.330.874.069
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44064B0087/00W000 Flanders 867 m² 1 · 141 m² 9.0 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Insolvency mandates

1 mandate
Role Name Tenure
Curator PATRICIA VANDENBERGE
BURGEMEESTER EDMOND RONSESTRAAT 4, 9820 05 MELSEN
16-09-2025 → 18-11-2025

Identification & contact

Identification
Legal formPrivate limited company
Founded28-03-2022
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0783909458
Also 9925:BE0783909458
Registered 05-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.