PACE
ActiveSummary
PACE has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €90,590 and a net result of €38,819. Equity is growing by about 55% per year across the filed financial years. Its solvency ranks better than 37% of 10,789 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €90,590
- Profit
- €38,819
Why 91raises riskLiquidity: current ratio 0.22, cash €7,518lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €243,561Figures for financial year 2025 (filed 08-06-2026)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 36% on solvency, 23% on liquidity, 58% on profitability and 86% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 33 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Highest result from 2023 to 2025net €38,819 ▲113%
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2023 to 2025, 3 financial years
The operating result recovers in 2025; 2025 is 69% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,748 | €6,546 | €6,546 | = |
| Other operating charges640/8 | €5,854 | €1,076 | €1,625 | ▲ 51.0% |
| Gross operating margin9900 | €58,880 | €40,154 | €63,105 | ▲ 57.2% |
| Operating profit (loss)9901 | €49,277 | €32,532 | €54,934 | ▲ 68.9% |
| Financial income75/76B | €1 | €0 | - | - |
| Recurring financial income75 | €1 | €0 | - | - |
| Financial charges65/66B | €11,095 | €9,656 | €6,157 | ▼ 36.2% |
| Recurring financial charges65 | €11,095 | €9,656 | €6,157 | ▼ 36.2% |
| Profit (loss) for the period before taxes9903 | €38,183 | €22,876 | €48,777 | ▲ 113% |
| Income taxes67/77 | €9,618 | €4,669 | €9,958 | ▲ 113% |
| Profit (loss) for the period9904 | €28,565 | €18,207 | €38,819 | ▲ 113% |
| Profit (loss) for the period to be appropriated9905 | €28,565 | €18,207 | €38,819 | ▲ 113% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €253,322 | €245,355 | €243,561 | ▼ 0.7% |
| Fixed assets21/28 | €242,130 | €235,584 | €229,039 | ▼ 2.8% |
| Tangible fixed assets22/27 | €28,980 | €22,434 | €15,889 | ▼ 29.2% |
| Furniture and vehicles24 | €28,980 | €22,434 | €15,889 | ▼ 29.2% |
| Financial fixed assets28 | €213,150 | €213,150 | €213,150 | = |
| Current assets29/58 | €11,192 | €9,771 | €14,522 | ▲ 48.6% |
| Amounts receivable within one year40/41 | €6,000 | €2,180 | €7,004 | ▲ 221% |
| Trade receivables40 | €6,000 | €2,180 | €7,004 | ▲ 221% |
| Cash at bank and in hand54/58 | €5,192 | €7,591 | €7,518 | ▼ 1.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €253,322 | €245,355 | €243,561 | ▼ 0.7% |
| Equity10/15 | €33,565 | €51,772 | €90,590 | ▲ 75.0% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €28,565 | €46,772 | €85,590 | ▲ 83.0% |
| Distributable reserves133 | €28,565 | €46,772 | €85,590 | ▲ 83.0% |
| Amounts payable17/49 | €219,757 | €193,584 | €152,971 | ▼ 21.0% |
| Amounts payable after more than one year17 | €163,084 | €126,243 | €86,182 | ▼ 31.7% |
| Financial debts170/4 | €163,084 | €126,243 | €86,182 | ▼ 31.7% |
| Amounts payable within one year42/48 | €56,673 | €67,341 | €66,789 | ▼ 0.8% |
| Current portion of amounts payable after more than one year42 | €34,976 | €36,841 | €47,283 | ▲ 28.3% |
| Trade debts44 | - | €2,175 | €267 | ▼ 87.7% |
| Suppliers440/4 | - | €2,175 | €267 | ▼ 87.7% |
| Advances received on contracts in progress46 | - | €1,615 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €17,847 | €21,861 | €14,984 | ▼ 31.5% |
| Taxes450/3 | €17,847 | €21,861 | €14,984 | ▼ 31.5% |
| Other amounts payable47/48 | €3,849 | €4,848 | €4,255 | ▼ 12.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,565 | €18,207 | €38,819 | ▲ 113% |
| + Depreciation and write-downs630 | €3,748 | €6,546 | €6,546 | = |
| Operating cash flow (approximation) | €32,313 | €24,752 | €45,365 | ▲ 83.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €2,399 | -€73 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-06-2026 | 2026-00141904 |
| 31-12-2024 | abbreviated format | 15-07-2025 | 2025-00269890 |
| 31-12-2023 | abbreviated format | 02-07-2024 | 2024-00193687 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Paul CELIS |
|
Owners and capital
Capital and shareholders
- Paul CELIS sole founder · 100% at incorporation
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 23-05-2022 Incorporation · €5,000 · 100 shares
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
32%
According to the 2025 annual accounts of PACE and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe board mandates are listed below; here you explore them as a network.
Board mandates elsewhere
1 board mandateHistory
Acts, filings and financial milestones
23-05
Gazette deed
IncorporationAppointment: Paul CELIS (director) · Registered office clause · Founder6 facts ▸
- Registered office clause, “2627 Schelle, Kapelstraat 130” (deed in Dutch)
- Other provision, “website en e-mail adres” (deed in Dutch)
- Incorporation, 19-05-2022
- Founder, Paul CELIS
- Founding capital, €5,000
- Director appointment, Paul CELIS (director)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11038A0040/00N000 | Flanders | 450 m² | 1 · 96 m² | 10.2 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Uitoefenen van managementactiviteiten voor andere personen, hetzij rechtspersonen, dan wel natuurlijke personen; Het verlenen van (digitale)…” (deed in Dutch)
14 activities (deed in Dutch)
- Uitoefenen van managementactiviteiten voor andere personen, hetzij rechtspersonen, dan wel natuurlijke personen.
- Het verlenen van (digitale) diensten en de klein- en groothandel van producten, in de meest ruime zin van het woord, aan bedrijven, ondernemingen en particulieren, zoals onder meer: Internet gerelateerde diensten en producten; Marketing en promotie gerelateerde diensten en producten;
- Sales en publiciteit gerelateerde diensten en producten; IT gerelateerde diensten en producten; Consultancy & strategische diensten en producten; E-commerce gerelateerde diensten en producten; De organisatie van opleidingen en bijscholingen; De ontwikkeling en commercialisering van softwareproducten. Deze lijst is exemplatief en niet beperkend.
- Het voeren van een marketing- en communicatiebureau, welke alle mogelijke activiteiten omvat die rechtstreeks of onrechtstreeks verband houden met marketing en publiciteit voor rekening van derden, waaronder affichage, sampling, drukwerken, licht- en luchtreclame, digitale marketing, lead generation, decoratiewerken, promotie en andere aanverwante diensten.
- Consulting op het gebied van reclamevoering, communicatiestrategie en media-voering.
- Kwalitatief en kwantitatief marktonderzoek.
- Optreden als bemiddelaar en/of tussenpersoon bij zakelijke transacties en contracten.
- Het uitoefenen van bestuurdersmandaten.
- Deelnemen aan activiteiten, horizontale en verticale netwerking, business-development, coaching, lobbying, en prospectie.
- Adviseren en verlenen van diensten bij vastgoedprojecten of het ontwikkelen en/of ondersteuning verlenen aan dergelijke projecten.
- In eigen naam en voor eigen rekening het verlenen van bijstand, advies en leiding aan bedrijven, privé personen en instellingen, doch niet uitsluitend op het vlak van informatica en dit alles in de meest ruime betekenis;
- A) uitsluitend in eigen naam en voor eigen rekening: het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten;
- B) uitsluitend in eigen naam en voor eigen rekening: het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten; in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren, aandelen, obligaties, staatsfondsen;
- C) uitsluitend in eigen naam en voor eigen rekening: het aangaan en verstrekken van leningen, kredieten, financieringen en het aangaan van leasingcontracten, in het kader van de bovenvermelde doelstellingen.
- Name clauseThe name the company operates under according to its articles.
- PACE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse gewest, 2627 Schelle,Kapelstraat 130” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “7. Bepalingen inzake de externe vertegenwoordiging. De vennootschap is verbonden door de handelingen van het bestuursorgaan en van de…”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Monday of May at 18:00