PACAM
ActiveSummary
PACAM has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49k and a net result of €9k. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 54% of 13417 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+77
Solvency60▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 1.96 against 1.81 in 2024; short-term debt: 18.5% and cash: 16.1% of total assets), but 65.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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
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
34.7%
Return on assets
6.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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
21 d late
2024
23 d late
2023
6 d late
2022
19 d late
2021
31 d late
2020
30 d late
2018
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€49k▲ 22.7%
2024 · €40k
2018: €52k
2020: €62k
2021: €74k▲ +19.6% vs 2020
2022: €78k▲ +4.3% vs 2021highest value
2023: €61k▼ -20.8% vs 2022
2024: €40k▼ -34.7% vs 2023lowest value
2025: €49k▲ +22.7% vs 2024
2018 → 2025
Total assets
€142k▲ 16.1%
2024 · €122k
2018: €68klowest value
2020: €101k
2021: €108k▲ +6.8% vs 2020
2022: €83k▼ -23.6% vs 2021
2023: €79k▼ -4.9% vs 2022
2024: €122k▲ +55.8% vs 2023
2025: €142k▲ +16.1% vs 2024highest value
2018 → 2025
Net result
€9k
2024 · €-21k
2018: €13khighest value
2020: €-388
2021: €12k▲ +3248% vs 2020
2022: €3k▼ -74.0% vs 2021
2023: €3k▼ -17.6% vs 2022
2024: €-21k▼ -914% vs 2023lowest value
2025: €9k▲ +143% vs 2024
2018 → 2025
Working capital
€25k▼ 9.8%
2024 · €28k
2018: €45k
2020: €42k
2021: €59k▲ +39.8% vs 2020
2022: €66k▲ +12.7% vs 2021
2023: €74k▲ +12.4% vs 2022highest value
2024: €28k▼ -62.6% vs 2023
2025: €25k▼ -9.8% vs 2024lowest value
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€74k-€78k▲ 4.3%€61k▼ 20.8%€40k▼ 34.7%€49k▲ 22.7%
2021: €74k
2022: €78k▲ +4.3% vs 2021highest in 5 years
2023: €61k▼ -20.8% vs 2022
2024: €40k▼ -34.7% vs 2023lowest in 5 years
2025: €49k▲ +22.7% vs 2024
Operating result€16k-€2k▼ 89.2%€-9k€-18k▼ 106%€21k
2021: €16k
2022: €2k▼ -89.2% vs 2021
2023: €-9k▼ -612% vs 2022
2024: €-18k▼ -106% vs 2023lowest in 5 years
2025: €21k▲ +217% vs 2024highest in 5 years
Net result€12k-€3k▼ 74.0%€3k▼ 17.6%€-21k€9k
2021: €12khighest in 5 years
2022: €3k▼ -74.0% vs 2021
2023: €3k▼ -17.6% vs 2022
2024: €-21k▼ -914% vs 2023lowest in 5 years
2025: €9k▲ +143% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €21k after a loss of €18k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €142k
Fixed assets
€91k ▲ 50.9%
Current assets
€51k ▼ 17.5%
Equity and liabilities €142k
Equity
€49k ▲ 22.7%
Debt
€93k ▲ 12.9%
Debt's share of the balance-sheet total falls from 67.2% to 65.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€34k▲
2024 · €-12k
Cash flow
€22k▲
2024 · €-16k
Current ratio
1.96▲
2024 · 1.81
Quick ratio
1.70▲
2024 · 1.54
Debt to equity
1.88▼
2024 · 2.05
ROE
18.5%▲
2024 · -53.1%
ROA
6.4%▲
2024 · -17.4%
Interest coverage
8.34▲
2024 · -3.92
Debt ≤ 1 year
€26k▼
2024 · €34k
Debt > 1 year
€67k▲
2024 · €48k
Income taxes
€8k▲
2024 · €421
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 · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€122k€142k▲
Fixed assets21/28€60k€91k▲
Tangible fixed assets22/27€59k€90k▲
Plant, machinery and equipment23€59k€50k▼
Furniture and vehicles24-€3k
Leasing and similar rights25-€37k
Financial fixed assets28€744€744=
Current assets29/58€62k€51k▼
Stocks and contracts in progress3€9k€7k▼
Stocks30/36€9k€7k▼
Amounts receivable within one year40/41€32k€22k▼
Trade receivables40€27k€20k▼
Other amounts receivable41€5k€2k▼
Cash at bank and in hand54/58€19k€23k▲
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€122k€142k▲
Equity10/15€40k€49k▲
Contributions10/11€19k€19k=
Reserves13€28k€31k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€1k€1k=
Distributable reserves133€25k€28k▲
Profit (loss) carried forward14€-7k-
Amounts payable17/49€82k€93k▲
Amounts payable after more than one year17€48k€67k▲
Financial debts170/4€48k€67k▲
Amounts payable within one year42/48€34k€26k▼
Current portion of amounts payable after more than one year42€18k€18k▲
Trade debts44€14k€4k▼
Suppliers440/4€14k€4k▼
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3-€4k
Remuneration and social security454/9€3k-
Income statement
Code20242025
Non-recurring operating income76A-€5k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€13k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€-9k€37k▲
Operating profit (loss)9901€-18k€21k▲
Financial income75/76B€105€58▼
Recurring financial income75€105€58▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€-21k€17k▲
Income taxes67/77€421€8k▲
Profit (loss) for the period9904€-21k€9k▲
Profit (loss) for the period to be appropriated9905€-21k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€2k▲
Profit (loss) brought forward from the previous period14P€14k€-7k▼
Transfer to equity691/2-€2k
To other reserves6921-€2k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €5k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €8k | €9k | €6k | €13k | ▲ 136% |
| Other operating charges640/8 | €3k | €4k | €4k | €3k | €3k | ▼ 3.4% |
| Gross operating margin9900 | €29k | €14k | €4k | €-9k | €37k | ▲ 499% |
| Operating profit (loss)9901 | €16k | €2k | €-9k | €-18k | €21k | ▲ 217% |
| Financial income75/76B | - | €0 | €2 | €105 | €58 | ▼ 45.1% |
| Recurring financial income75 | - | €0 | €2 | €105 | €58 | ▼ 45.1% |
| Financial charges65/66B | €258 | €1k | €1k | €3k | €4k | ▲ 29.6% |
| Recurring financial charges65 | €258 | €1k | €1k | €3k | €4k | ▲ 29.6% |
| Profit (loss) for the period before taxes9903 | €15k | €667 | €-10k | €-21k | €17k | ▲ 181% |
| Transfer from deferred taxes780 | - | - | €19k | - | - | - |
| Income taxes67/77 | €3k | €-3k | €6k | €421 | €8k | ▲ 1,754% |
| Profit (loss) for the period9904 | €12k | €3k | €3k | €-21k | €9k | ▲ 143% |
| Profit (loss) for the period to be appropriated9905 | €12k | €3k | €3k | €-21k | €9k | ▲ 143% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €108k | €83k | €79k | €122k | €142k | ▲ 16.1% |
| Fixed assets21/28 | €18k | €11k | €3k | €60k | €91k | ▲ 50.9% |
| Tangible fixed assets22/27 | €17k | €11k | €2k | €59k | €90k | ▲ 51.5% |
| Plant, machinery and equipment23 | €733 | €2k | €2k | €59k | €50k | ▼ 16.2% |
| Furniture and vehicles24 | €16k | €8k | €195 | - | €3k | - |
| Leasing and similar rights25 | - | - | - | - | €37k | - |
| Financial fixed assets28 | €744 | €744 | €744 | €744 | €744 | = |
| Current assets29/58 | €90k | €71k | €76k | €62k | €51k | ▼ 17.5% |
| Stocks and contracts in progress3 | €1k | €1k | €6k | €9k | €7k | ▼ 28.4% |
| Stocks30/36 | €1k | €1k | €6k | €9k | €7k | ▼ 28.4% |
| Amounts receivable within one year40/41 | €40k | €44k | €43k | €32k | €22k | ▼ 31.7% |
| Trade receivables40 | €22k | €24k | €28k | €27k | €20k | ▼ 26.4% |
| Other amounts receivable41 | €18k | €20k | €15k | €5k | €2k | ▼ 58.8% |
| Cash at bank and in hand54/58 | €48k | €26k | €24k | €19k | €23k | ▲ 19.4% |
| Deferred charges and accrued income490/1 | €942 | - | €2k | €2k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €108k | €83k | €79k | €122k | €142k | ▲ 16.1% |
| Equity10/15 | €74k | €78k | €61k | €40k | €49k | ▲ 22.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €44k | €47k | €28k | €28k | €31k | ▲ 8.0% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €20k | €20k | €1k | €1k | €1k | = |
| Distributable reserves133 | €22k | €25k | €25k | €25k | €28k | ▲ 9.0% |
| Profit (loss) carried forward14 | €12k | €12k | €14k | €-7k | - | - |
| Amounts payable17/49 | €34k | €5k | €17k | €82k | €93k | ▲ 12.9% |
| Amounts payable after more than one year17 | €2k | - | €16k | €48k | €67k | ▲ 39.2% |
| Financial debts170/4 | €2k | - | €16k | €48k | €67k | ▲ 39.2% |
| Amounts payable within one year42/48 | €32k | €5k | €1k | €34k | €26k | ▼ 23.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €18k | €18k | ▲ 1.7% |
| Trade debts44 | €13k | €3k | - | €14k | €4k | ▼ 68.3% |
| Suppliers440/4 | €13k | €3k | - | €14k | €4k | ▼ 68.3% |
| Taxes, remuneration and social security45 | €18k | €2k | €1k | €3k | €4k | ▲ 34.0% |
| Taxes450/3 | €18k | €318 | - | - | €4k | - |
| Remuneration and social security454/9 | - | €2k | €1k | €3k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €3k | €3k | €-21k | €9k | ▲ 143% |
| + Depreciation and write-downs630 | €10k | €8k | €9k | €6k | €13k | ▲ 136% |
| Operating cash flow (approximation) | €22k | €12k | €11k | €-16k | €22k | ▲ 241% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €-63k | €-44k | ▲ 30.4% |
| Change in cash | - | €-22k | €-1k | €-5k | €4k | ▲ 170% |
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
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
2024
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
31-12
Financial
Liquidity quadruplescurrent ratio 59.17
Current ratio from 14.24 to 59.17; short-term debt falls from €5k to €1k.
19-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 19 days late
2022
31-12
Financial
Liquidity times 5current ratio 14.24
Current ratio from 2.86 to 14.24; short-term debt falls from €32k to €5k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Lier · 1 establishment unit since 1991
Ground area
2,623 m²
Building footprint
1,045 m²
Volume, LiDAR
5,645 m³
2 parcels, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
bv pacam
since 19912.053.590.364
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12009A0667/00A002indicative | Flanders | 1,590 m² | 1 · 906 m² | 8.7 m · 2 fl. |
| 12393E0043/00B002 | Flanders | 1,033 m² | 1 · 140 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteDuffel2.053.590.364
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Of 21,861 companies in sector 56112 we hold annual accounts for 9,773. 8,396 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
Founded05-07-1991
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Contact
E-mail
grielen.tom@gmail.comDuffel
Scores and ratios are computed by Checked and are not a credit decision.