PACE
Annual accounts 2025
micro format, filed on 22-06-2026, 39 days before the deadlineMoney flows
no detail for 2025Balance sheet
balance sheet total €36,248 on 31-12-2025in euro
in euro
Position in the sector
45.5%
Higher than 63% of 18,509 companies in 2025.
1.23
Higher than 55% of 17,864 companies in 2025.
-1.2%
Higher than 33% of 17,961 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
36,248 | 33,300 | 2,885 | 1,160 | 1,245 | 1,244 | 1,472 | 3,468 | 4,209 | 5,777 | 4,928 | 3,227 | 11,586 | 22,082 | 32,892 | 54,387 | 57,355 | 55,562 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 170 | 340 | 510 | 680 | |
21/28 |
12,494 | 14,177 | - | - | - | - | - | - | - | - | 119 | 238 | 6,591 | 13,043 | 19,873 | 27,179 | 20,908 | 27,349 | |
21 |
4,647 | 5,247 | - | - | - | - | - | - | - | - | - | - | 130 | 260 | 893 | 1,525 | 1,508 | 2,010 | |
22/27 |
7,846 | 8,930 | - | - | - | - | - | - | - | - | 119 | 238 | 6,461 | 12,783 | 18,811 | 25,314 | 18,890 | 24,659 | |
23 |
5,976 | 7,603 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
24 |
973 | 1,327 | - | - | - | - | - | - | - | - | 119 | 238 | 6,461 | 12,783 | 18,798 | 25,289 | 18,853 | 24,609 | |
26 |
898 | - | - | - | - | - | - | - | - | - | - | - | - | - | 12 | 25 | 37 | 50 | |
29/58 |
23,755 | 19,123 | 2,885 | 1,160 | 1,245 | 1,244 | 1,472 | 3,468 | 4,209 | 5,777 | 4,810 | 2,989 | 4,996 | 9,039 | 13,018 | 27,208 | 36,447 | 28,213 | |
3 |
3,003 | 3,881 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
30/36 |
3,003 | 3,881 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
18,670 | 14,260 | 1,992 | - | 171 | 102 | 399 | 1,018 | 1,586 | 989 | 1,449 | 158 | 4,649 | 2,119 | 12,566 | 15,744 | 35,009 | 3,933 | |
40 |
2,041 | - | 750 | - | - | - | - | - | 990 | - | 1,172 | - | 4,075 | 2,088 | 6,880 | 10,202 | 32,709 | 3,933 | |
41 |
16,629 | 14,260 | 1,242 | - | 171 | 102 | 399 | 1,018 | 596 | 989 | 276 | 158 | 574 | 32 | 5,686 | 5,542 | 2,300 | - | |
50/53 |
- | - | - | 1,031 | 1,044 | 1,050 | 1,067 | 2,450 | 2,616 | 4,451 | 800 | 1,180 | 21 | 4,504 | 2 | 2,050 | - | 6,000 | |
54/58 |
587 | 982 | 893 | 129 | 31 | 92 | 6 | - | 8 | 336 | 2,561 | 1,652 | - | 2,079 | - | 8,973 | 1,250 | 18,116 | |
490/1 |
1,494 | - | - | - | - | - | - | - | - | - | - | - | 326 | 337 | 450 | 440 | 188 | 164 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
36,248 | 33,300 | 2,885 | 1,160 | 1,245 | 1,244 | 1,472 | 3,468 | 4,209 | 5,777 | 4,928 | 3,227 | 11,586 | 22,082 | 32,892 | 54,387 | 57,355 | 55,562 | |
10/15 |
16,482 | 16,928 | -8,287 | -1,383 | -690 | 301 | 1,281 | 2,548 | 3,791 | 4,489 | 4,220 | 2,116 | -338 | 7,459 | -8,296 | 11,363 | 21,976 | 19,450 | |
10/11 |
12,400 | 12,400 | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
13 |
1,860 | 1,860 | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
2,222 | 2,668 | -8,287 | -15,643 | -14,950 | -13,959 | -12,979 | -11,712 | -10,469 | -9,771 | -10,040 | -12,144 | -14,598 | -6,801 | -22,556 | -2,897 | 7,716 | 5,190 | |
17/49 |
19,766 | 16,372 | 11,173 | 2,543 | 1,936 | 943 | 191 | 920 | 417 | 1,288 | 709 | 1,111 | 11,925 | 14,623 | 41,188 | 43,024 | 35,379 | 36,112 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,009 | 6,949 | 12,698 | 18,262 | 12,558 | 17,968 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,009 | 6,949 | 12,698 | 18,262 | 12,558 | 17,968 | |
42/48 |
19,311 | 16,306 | 11,173 | 2,543 | 1,936 | 943 | 191 | 920 | 417 | 1,288 | 709 | 1,111 | 10,916 | 7,673 | 28,490 | 24,763 | 22,821 | 18,144 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | 5,940 | 5,749 | 5,564 | 5,384 | 5,409 | 5,179 | |
43 |
- | - | - | - | - | - | - | 1 | - | - | - | - | 2,595 | - | 3,729 | - | - | - | |
430/8 |
- | - | - | - | - | - | - | 1 | - | - | - | - | 2,595 | - | 3,729 | - | - | - | |
44 |
1,330 | 579 | 955 | - | - | 73 | 61 | 919 | 417 | 1,191 | 343 | 686 | 2,181 | 1,265 | 17,895 | 17,747 | 9,439 | 7,925 | |
440/4 |
1,330 | 579 | 955 | - | - | 73 | 61 | 919 | 417 | 1,191 | 343 | 686 | 2,181 | 1,265 | 17,895 | 17,747 | 9,439 | 7,925 | |
45 |
1,745 | 2,762 | - | - | - | - | - | - | - | 97 | 365 | 239 | 200 | 267 | 58 | 1,631 | 4,790 | 272 | |
450/3 |
1,745 | 2,762 | - | - | - | - | - | - | - | 97 | 365 | 239 | 200 | 267 | 58 | 1,631 | 4,790 | 272 | |
47/48 |
16,237 | 12,965 | 10,218 | 2,543 | 1,936 | 870 | 130 | - | - | - | - | 185 | - | 393 | 1,244 | - | 3,182 | 4,768 | |
492/3 |
455 | 66 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||
70 |
- | - | 1,171 | - | - | - | - | 3,725 | 780 | 4,835 | 7,825 | 11,766 | 15,985 | 81,786 | 86,585 | 109,551 | 82,585 | 52,990 | |
76A |
- | - | - | - | - | - | - | - | - | - | - | 2,974 | - | - | 275 | 12,126 | - | - | |
9900 |
5,251 | 16,268 | -8,287 | -607 | -929 | -562 | -860 | -798 | -362 | 860 | 2,660 | 2,433 | -161 | 25,096 | -10,801 | -14,088 | 12,370 | 24,204 | |
60/61 |
- | - | 9,458 | - | 929 | 562 | 860 | 4,523 | 1,460 | 3,975 | 5,164 | 9,858 | 19,367 | 63,252 | 104,550 | 129,357 | 78,394 | 30,119 | |
630 |
3,072 | 2,600 | - | - | - | - | - | - | - | 119 | 119 | 348 | 6,452 | 7,424 | 7,306 | 7,306 | 6,936 | 6,837 | |
640/8 |
1,662 | 1,885 | - | - | - | 348 | 348 | 348 | 348 | 348 | 348 | 481 | 741 | 730 | 943 | 645 | 426 | 843 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | 1,275 | - | 363 | - | - | - | - | |
9901 |
517 | 11,783 | -8,287 | -607 | -929 | -909 | -1,208 | -1,146 | -710 | 394 | 2,194 | 1,604 | -7,355 | 16,941 | -19,049 | -22,039 | 5,007 | 16,524 | |
75/76B |
0 | 143 | - | - | - | - | 2 | 3 | 4 | 5 | 4 | 2 | 16 | 17 | 15 | 40 | 210 | 107 | |
75 |
0 | 143 | - | - | - | - | 2 | 3 | 4 | 5 | 4 | 2 | 16 | 17 | 15 | 40 | 210 | 107 | |
65/66B |
963 | 67 | - | 85 | 63 | 70 | 61 | 100 | 88 | 95 | 94 | 655 | 455 | 838 | 899 | 844 | 966 | 964 | |
65 |
110 | 67 | - | 85 | 63 | 70 | 61 | 100 | 88 | 95 | 94 | 655 | 455 | 838 | 899 | 844 | 966 | 964 | |
66B |
853 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
-447 | 11,860 | -8,287 | -692 | -992 | -979 | -1,267 | -1,243 | -793 | 303 | 2,104 | 2,649 | -7,794 | 15,757 | -19,658 | -10,717 | 4,252 | 15,666 | |
67/77 |
- | 904 | - | - | - | - | 1 | 1 | -96 | 34 | 0 | 195 | 4 | 1 | 1 | -104 | 1,725 | 4,116 | |
9904 |
-447 | 10,956 | -8,287 | -692 | -992 | -979 | -1,267 | -1,244 | -697 | 269 | 2,104 | 2,454 | -7,797 | 15,755 | -19,659 | -10,613 | 2,526 | 11,550 | |
9905 |
-447 | 10,956 | -8,287 | -692 | -992 | -979 | -1,267 | -1,244 | -697 | 269 | 2,104 | 2,454 | -7,797 | 15,755 | -19,659 | -10,613 | 2,526 | 11,550 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
2,222 | 2,668 | -8,287 | -15,643 | -14,950 | -13,959 | -12,979 | -11,712 | -10,469 | -9,771 | -10,040 | -12,144 | -14,598 | -6,801 | -22,556 | -2,897 | 7,716 | 11,550 | |
14P |
2,668 | -8,287 | - | -14,950 | -13,959 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,500 | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,500 | |
| Document | |||||||||||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 22-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-06-2026 | 2026-00184391 | |
| 31-12-2024 | micro format | 26-09-2025 | 2025-00523822 | |
| 31-12-2023 | micro format | 15-10-2024 | 2024-00510066 | |
| 31-12-2022 | micro format | 02-08-2023 | 2023-00305421 | |
| 31-12-2021 | micro format | 03-08-2022 | 2022-20273141 | |
| 31-12-2020 | micro format | 27-10-2021 | 2021-75400056 | |
| 31-12-2019 | micro format | 24-06-2020 | 2020-20900076 | |
| 31-12-2018 | micro format | 17-06-2019 | 2019-18900193 | |
| 31-12-2017 | micro format | 12-06-2018 | 2018-17900260 | |
| 31-12-2016 | full format | 19-06-2017 | 2017-18600496 | |
| 31-12-2015 | full format | 22-06-2016 | 2016-22900207 | |
| 31-12-2014 | full format | 18-06-2015 | 2015-18800063 | |
| 31-12-2013 | full format | 24-06-2014 | 2014-20900445 | |
| 31-12-2012 | full format | 18-06-2013 | 2013-18700590 | |
| 31-12-2011 | full format | 27-06-2012 | 2012-25000224 | |
| 31-12-2010 | full format | 30-06-2011 | 2011-23900405 | |
| 31-12-2009 | full format | 22-06-2010 | 2010-21300088 | |
| 31-12-2008 | full format | 15-06-2009 | 2009-22700286 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,588 | 14,383 | - | - | - | - | - | - | - | 512 | 2,313 | 1,951 | -903 | 24,365 | -11,744 | -14,734 | 11,943 | 23,361 | ||
| 2,625 | 13,556 | - | - | - | - | - | - | - | 388 | 2,223 | 2,802 | -1,345 | 23,180 | -12,354 | -3,308 | 9,463 | 18,387 | ||
| 1,388 | 17,172 | - | - | - | - | - | - | - | 0 | 0 | -6,005 | 0 | 594 | 0 | 31,172 | 495 | 33,337 | ||
| -395 | 88 | 764 | 98 | -61 | 86 | - | - | -328 | -2,225 | 909 | - | - | - | - | 7,723 | -16,866 | - | ||
| 4,443 | 2,817 | -8,287 | -1,383 | -690 | 301 | 1,281 | 2,548 | 3,791 | 4,489 | 4,101 | 1,879 | -5,920 | 1,365 | -15,472 | 2,445 | 13,627 | 10,069 | ||
| - | - | - | - | - | - | - | -30.8% | -91.0% | 8.1% | 28.0% | 13.6% | -46.0% | 20.7% | -22.0% | -20.1% | 6.1% | 31.2% | ||
| 45.5% | 50.8% | - | - | - | - | - | - | - | 77.7% | - | - | -2.9% | 33.8% | -25.2% | 20.9% | 38.3% | 35.0% | ||
| 1.23 | 1.17 | - | - | - | - | - | - | - | 4.49 | - | - | 0.46 | 1.18 | 0.46 | 1.10 | 1.60 | 1.55 | ||
| 1.07 | 0.93 | - | - | - | - | - | - | - | 4.49 | - | - | 0.46 | 1.18 | 0.46 | 1.10 | 1.60 | 1.55 | ||
| 1.20 | 0.97 | - | - | - | - | - | - | - | 0.29 | - | - | - | 1.96 | - | 3.79 | 1.61 | 1.86 | ||
| -2.7% | 64.7% | - | - | - | - | - | - | - | 6.0% | - | - | - | 211.2% | - | -93.4% | 11.5% | 59.4% | ||
| -1.2% | 32.9% | - | - | - | - | - | - | - | 4.7% | - | - | -67.3% | 71.4% | -59.8% | -19.5% | 4.4% | 20.8% | ||
| 32.72 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | 234 days | - | - | - | - | 100 days | 463 days | 75 days | 55 days | 5 days | 93 days | 9 days | 29 days | 34 days | 145 days | 27 days | ||
| - | - | 37 days | - | - | 47 days | 26 days | 74 days | 104 days | 109 days | 24 days | 25 days | 41 days | 7 days | 62 days | 50 days | 44 days | 96 days |
EBIT margin. Not meaningful: turnover is only a small part of operating income.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,388 | €11,172 | - | - | - |
| Intangible fixed assets | - | €6,000 | - | - | - |
| €3,072 | €2,600 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on PACE
The operating result for 2025 is 96% lower than in 2024.
Debt's share of the balance-sheet total rises from 49.2% to 54.5%. Equity is lower and debt is higher.