PACE
ActiveSummary
The computed 12-month bankruptcy probability of PACE is 1.7% (moderate). The 2024 annual accounts show equity of €17k and a net result of €11k. Equity is shrinking by ~71.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 68% of 18936 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency76▲+76
Growth52▲+30
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.17; short-term debt: 49% and cash: 2.9% of total assets), and 49.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
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 2024Solvency, return and age of the figures
Solvency
50.8%
Return on assets
32.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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
not confirmed
2024
57 d late
2023
76 d late
2022
2 d late
2021
3 d late
2020
88 d late
2019
37 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€1k▼ 68.6%
2018 · €4k
2018: €4k
2023: €1k
2018 → 2023
EBIT margin
-707.6%▼ 676.9pp
2018 · -30.8%
2018: -30.8%
2023: -707.6%
2018 → 2023
Net result
€11k
2023 · €-8k
2018: €-1k
2019: €-1k▼ -1.9% vs 2018
2020: €-979▲ +22.7% vs 2019
2021: €-992▼ -1.3% vs 2020
2022: €-692▲ +30.2% vs 2021
2023: €-8k▼ -1097% vs 2022lowest in 7 years
2024: €11k▲ +232% vs 2023highest in 7 years
2018 → 2024
Working capital
€3k
2023 · €-8k
2018: €3k
2019: €1k▼ -49.7% vs 2018
2020: €301▼ -76.5% vs 2019
2021: €-690▼ -329% vs 2020
2022: €-1k▼ -100% vs 2021
2023: €-8k▼ -499% vs 2022lowest in 7 years
2024: €3k▲ +134% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1k
Equity€301-€-690€-1k▼ 100%€-8k▼ 499%€17k
2020: €301
2021: €-690▼ -329% vs 2020
2022: €-1k▼ -100% vs 2021
2023: €-8k▼ -499% vs 2022lowest in 5 years
2024: €17k▲ +304% vs 2023highest in 5 years
Operating result€-909-€-929▼ 2.2%€-607▲ 34.7%€-8k▼ 1,265%€12k
2020: €-909
2021: €-929▼ -2.2% vs 2020
2022: €-607▲ +34.7% vs 2021
2023: €-8k▼ -1265% vs 2022lowest in 5 years
2024: €12k▲ +242% vs 2023highest in 5 years
Net result€-979-€-992▼ 1.3%€-692▲ 30.2%€-8k▼ 1,097%€11k
2020: €-979
2021: €-992▼ -1.3% vs 2020
2022: €-692▲ +30.2% vs 2021
2023: €-8k▼ -1097% vs 2022lowest in 5 years
2024: €11k▲ +232% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €12k after a loss of €8k in 2023, the highest result in the available series.
Balance-sheet composition
Assets €33k
Fixed assets
€14k
Current assets
€19k
Equity and liabilities €33k
Equity
€17k
Debt
€16k
Debt finances 49.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€14k
Cash flow
€14k
Current ratio
1.17
Quick ratio
0.93
Debt to equity
0.97
ROE
64.7%
ROA
32.9%
Interest coverage
214.36
Debt ≤ 1 year
€16k▲
2023 · €11k
Income taxes
€904
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 · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3k€33k▲
Fixed assets21/28-€14k
Intangible fixed assets21-€5k
Tangible fixed assets22/27-€9k
Plant, machinery and equipment23-€8k
Furniture and vehicles24-€1k
Current assets29/58€3k€19k▲
Stocks and contracts in progress3-€4k
Stocks30/36-€4k
Amounts receivable within one year40/41€2k€14k▲
Trade receivables40€750-
Other amounts receivable41€1k€14k▲
Cash at bank and in hand54/58€893€982▲
Equity and liabilities
Total equity and liabilities10/49€3k€33k▲
Equity10/15€-8k€17k▲
Contributions10/11-€12k
Reserves13-€2k
Distributable reserves133-€2k
Profit (loss) carried forward14€-8k€3k▲
Amounts payable17/49€11k€16k▲
Amounts payable within one year42/48€11k€16k▲
Trade debts44€955€579▼
Suppliers440/4€955€579▼
Taxes, remuneration and social security45-€3k
Taxes450/3-€3k
Other amounts payable47/48€10k€13k▲
Accrued charges and deferred income492/3-€66
Income statement
Code20232024
Turnover70€1k-
Goods, raw materials, services and sundry goods60/61€9k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3k
Other operating charges640/8-€2k
Gross operating margin9900€-8k€16k▲
Operating profit (loss)9901€-8k€12k▲
Financial income75/76B-€143
Recurring financial income75-€143
Financial charges65/66B-€67
Recurring financial charges65-€67
Profit (loss) for the period before taxes9903€-8k€12k▲
Income taxes67/77-€904
Profit (loss) for the period9904€-8k€11k▲
Profit (loss) for the period to be appropriated9905€-8k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€3k▲
Profit (loss) brought forward from the previous period14P-€-8k
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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €1k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €929 | - | €9k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €3k | - |
| Other operating charges640/8 | - | - | - | - | €2k | - |
| Gross operating margin9900 | €-562 | €-929 | €-607 | €-8k | €16k | ▲ 296% |
| Operating profit (loss)9901 | €-909 | €-929 | €-607 | €-8k | €12k | ▲ 242% |
| Financial income75/76B | - | - | - | - | €143 | - |
| Recurring financial income75 | - | - | - | - | €143 | - |
| Financial charges65/66B | - | €63 | €85 | - | €67 | - |
| Recurring financial charges65 | €70 | €63 | €85 | - | €67 | - |
| Profit (loss) for the period before taxes9903 | €-979 | €-992 | €-692 | €-8k | €12k | ▲ 243% |
| Income taxes67/77 | - | - | - | - | €904 | - |
| Profit (loss) for the period9904 | €-979 | €-992 | €-692 | €-8k | €11k | ▲ 232% |
| Profit (loss) for the period to be appropriated9905 | €-979 | €-992 | €-692 | €-8k | €11k | ▲ 232% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1k | €1k | €1k | €3k | €33k | ▲ 1,054% |
| Fixed assets21/28 | - | - | - | - | €14k | - |
| Intangible fixed assets21 | - | - | - | - | €5k | - |
| Tangible fixed assets22/27 | - | - | - | - | €9k | - |
| Plant, machinery and equipment23 | - | - | - | - | €8k | - |
| Furniture and vehicles24 | - | - | - | - | €1k | - |
| Current assets29/58 | €1k | €1k | €1k | €3k | €19k | ▲ 563% |
| Stocks and contracts in progress3 | - | - | - | - | €4k | - |
| Stocks30/36 | - | - | - | - | €4k | - |
| Amounts receivable within one year40/41 | €102 | €171 | - | €2k | €14k | ▲ 616% |
| Trade receivables40 | - | - | - | €750 | - | - |
| Other amounts receivable41 | - | €171 | - | €1k | €14k | ▲ 1,048% |
| Current investments50/53 | €1k | €1k | €1k | - | - | - |
| Cash at bank and in hand54/58 | €92 | €31 | €129 | €893 | €982 | ▲ 9.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1k | €1k | €1k | €3k | €33k | ▲ 1,054% |
| Equity10/15 | €301 | €-690 | €-1k | €-8k | €17k | ▲ 304% |
| Contributions10/11 | - | €12k | €12k | - | €12k | - |
| Reserves13 | €2k | €2k | €2k | - | €2k | - |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | - | - | €2k | - |
| Profit (loss) carried forward14 | €-14k | €-15k | €-16k | €-8k | €3k | ▲ 132% |
| Amounts payable17/49 | €943 | €2k | €3k | €11k | €16k | ▲ 46.5% |
| Amounts payable within one year42/48 | €943 | €2k | €3k | €11k | €16k | ▲ 45.9% |
| Trade debts44 | €73 | - | - | €955 | €579 | ▼ 39.3% |
| Suppliers440/4 | - | - | - | €955 | €579 | ▼ 39.3% |
| Taxes, remuneration and social security45 | - | - | - | - | €3k | - |
| Taxes450/3 | - | - | - | - | €3k | - |
| Other amounts payable47/48 | - | €2k | €3k | €10k | €13k | ▲ 26.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €66 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-979 | €-992 | €-692 | €-8k | €11k | ▲ 232% |
| + Depreciation and write-downs630 | - | - | - | - | €3k | - |
| Operating cash flow (approximation) | €-979 | €-992 | €-692 | €-8k | €14k | ▲ 264% |
| Change in cash | - | €-61 | €98 | €764 | €88 | ▼ 88.4% |
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
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Back to profitnet €11k
Net result €11k after 6 loss-making years.
31-12
Financial
Liquidity times 5current ratio 1.17
Current ratio from 0.26 to 1.17.
15-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 76 days late
2023
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 7.69
Current ratio from 3.77 to 7.69; short-term debt falls from €920 to €191.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has 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
3 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, Tubize · 1 establishment unit since 2008
Ground area
226 m²
Building footprint
55 m²
Volume, LiDAR
703 m³
Parcel 25105A0088/00C000, Wallonia · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Pace
since 20082.168.341.166
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105A0088/00C000 | Wallonia | 226 m² | 1 · 55 m² | 13.9 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTubize2.168.341.166
Similar companies · same sector, comparable size
CAFE TIERA
BE 0793.112.184
Anderlecht · Eq €16,937
SOJU BAR
BE 0789.510.912
Antwerpen · Eq €16,913
THAIBEL
BE 0899.331.144
Temse · Eq €16,911
THI BAN
BE 1019.879.378
Liège · Eq €16,952
FUSION HEMIKSEM
BE 0739.706.360
Hemiksem · Eq €16,897
Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 7,869 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
Founded01-02-2008
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
47241Retail sale of bread and pastry (bakery outlets)
47279Other retail sale of food
56301Cafés and bars
Contact
E-mail
Cappuccinopace@gmail.com
Phone
0470/69.48.32
E-mail
m.vanbattel@gmail.comTubize
Phone
0495/557746Tubize
Scores and ratios are computed by Checked and are not a credit decision.