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PACE

Active Private limited companyfounded 2008active for 18 yearsGrand'Place 11, 1480 TubizeKBO/BCE: BE 0895.415.116

Overview

Lifetime

18 annual accounts with figures on one time axis
peak €25,096 (2012)
€5,251▼ 67.7%
lowest -€19,659 (2011)
-€447▼ €11,402
peak €21,976 (2009)
€16,482▼ 2.6%
€19,766▲ 20.7%
Board3 names since 2008
2 directors and 1 other
Documentsfilings and deeds
22-06-202639 days before the deadline
2025micro format
Gross margin from €16,268 to €5,251Loss of €447Debts from €16,372 to €19,766Cash from €982 to €587

Key points

from the 2025 annual accounts

Turnover

≈ €59,000 estimated

The micro format states no turnover.

Filings

18 annual accounts since 2008
AprilJune31 JulyOctober2010201520202025

Five of the last ten came late. The 2020 accounts came latest: 88 days after the end of the period.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 6,908 companies had the same profile as PACE has now. Each dot stands for 18 companies, two years later.

90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss

Another 0.2% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 6,908 companies, not a prediction for PACE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit check for an amount and term of your choice

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

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0895415116
Company renamed to PACE Capital decrease of €6,200 · New name: PACE · Resignation: (manager) · Gazette deed
Registered office moved from Zellik to Tubize New registered office: Grand-Place 11, 1480 Tubize · Previous registered office: Plattanlaan 1, 1731 Zellik · General meeting of 02-10-2023 · Gazette deed
Incorporation published on 12-02-2008 · Gazette deed
All 33 events

Comparable companies

same main activity, similar in size and age
Company
PACE Tubize €36,248 €5,251 45.5% -
TASTE AND SEA Dendermonde €39,322 €5,404 18.8% -
Energy Snack Anhée €39,267 €5,418 -570.6% -
xaju Waterloo €47,751 €3,816 98.8% -
DIDAL Berchem-Sainte-Agathe €31,034 €4,397 51.5% -
Mesopotamie express Brussels €37,648 €5,994 55.7% -
MARTINEZ GEMA Beauraing €39,522 €5,915 72.0% -

These companies have the same main activity as PACE: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €31,000 and €47,800, founded between 2004 and 2011.

Official details

Source: KBO
Status
Active since 01-02-2008Normal situation
Activity
Limited-service restaurants, excluding mobile food servicesNACE 56112and 3 others
Establishment unit
2.168.341.1661480 Tubize, since 29-01-2008
Financial year end
31 December
Peppol
Reachable since 28-07-2026
Company details

Annual accounts 2025

€5,251▼ 67.7%
€447
€16,482▼ 2.6%
€36,248▲ 8.9%
Filing
Filed on 22-06-2026, 39 days before the end of the filing period
Financials

Insights on PACE

PACE files the micro format. That format states no turnover. The gross margin fell from €24,204 in 2008 to €5,251 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 22-06-2026, 39 days before the deadline
€5,251
▼ 67.7%
€517
▼ 95.6%
€3,588
▼ 75.1%
€2,625
▼ 80.6%
45.5%
▼ 5.4 percentage points
1.23
▲ 0.06

Money flows

no detail for 2025

Balance sheet

balance sheet total €36,248 on 31-12-2025
What the company ownsHow it is paid for

in 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.

PACE Middle half of the sector 80% of the sector Micro accounts in food and beverage service (NACE 56)

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 Trend202520242023202220212020201920182017201620152014201320122011201020092008
Balance sheet: assets
20/58 36,24833,3002,8851,1601,2451,2441,4723,4684,2095,7774,9283,22711,58622,08232,89254,38757,35555,562
20 --------------170340510680
21/28 12,49414,177--------1192386,59113,04319,87327,17920,90827,349
21 4,6475,247----------1302608931,5251,5082,010
22/27 7,8468,930--------1192386,46112,78318,81125,31418,89024,659
23 5,9767,603----------------
24 9731,327--------1192386,46112,78318,79825,28918,85324,609
26 898-------------12253750
29/58 23,75519,1232,8851,1601,2451,2441,4723,4684,2095,7774,8102,9894,9969,03913,01827,20836,44728,213
3 3,0033,881----------------
30/36 3,0033,881----------------
40/41 18,67014,2601,992-1711023991,0181,5869891,4491584,6492,11912,56615,74435,0093,933
40 2,041-750-----990-1,172-4,0752,0886,88010,20232,7093,933
41 16,62914,2601,242-1711023991,018596989276158574325,6865,5422,300-
50/53 ---1,0311,0441,0501,0672,4502,6164,4518001,180214,50422,050-6,000
54/58 58798289312931926-83362,5611,652-2,079-8,9731,25018,116
490/1 1,494-----------326337450440188164
Balance sheet: equity and liabilities
10/49 36,24833,3002,8851,1601,2451,2441,4723,4684,2095,7774,9283,22711,58622,08232,89254,38757,35555,562
10/15 16,48216,928-8,287-1,383-6903011,2812,5483,7914,4894,2202,116-3387,459-8,29611,36321,97619,450
10/11 12,40012,400-12,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,400
100 ------18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
101 ------6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
13 1,8601,860-1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
130/1 ---1,8601,8601,860------------
130 ------1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
1311 ---1,8601,8601,860------------
133 1,8601,860----------------
14 2,2222,668-8,287-15,643-14,950-13,959-12,979-11,712-10,469-9,771-10,040-12,144-14,598-6,801-22,556-2,8977,7165,190
17/49 19,76616,37211,1732,5431,9369431919204171,2887091,11111,92514,62341,18843,02435,37936,112
17 ------------1,0096,94912,69818,26212,55817,968
170/4 ------------1,0096,94912,69818,26212,55817,968
42/48 19,31116,30611,1732,5431,9369431919204171,2887091,11110,9167,67328,49024,76322,82118,144
42 ------------5,9405,7495,5645,3845,4095,179
43 -------1----2,595-3,729---
430/8 -------1----2,595-3,729---
44 1,330579955--73619194171,1913436862,1811,26517,89517,7479,4397,925
440/4 1,330579955--73619194171,1913436862,1811,26517,89517,7479,4397,925
45 1,7452,762-------97365239200267581,6314,790272
450/3 1,7452,762-------97365239200267581,6314,790272
47/48 16,23712,96510,2182,5431,936870130----185-3931,244-3,1824,768
492/3 45566----------------
Income statement
70 --1,171----3,7257804,8357,82511,76615,98581,78686,585109,55182,58552,990
76A -----------2,974--27512,126--
9900 5,25116,268-8,287-607-929-562-860-798-3628602,6602,433-16125,096-10,801-14,08812,37024,204
60/61 --9,458-9295628604,5231,4603,9755,1649,85819,36763,252104,550129,35778,39430,119
630 3,0722,600-------1191193486,4527,4247,3067,3066,9366,837
640/8 1,6621,885---348348348348348348481741730943645426843
66A -----------1,275-363----
9901 51711,783-8,287-607-929-909-1,208-1,146-7103942,1941,604-7,35516,941-19,049-22,0395,00716,524
75/76B 0143----23454216171540210107
75 0143----23454216171540210107
65/66B 96367-85637061100889594655455838899844966964
65 11067-85637061100889594655455838899844966964
66B 853-----------------
9903 -44711,860-8,287-692-992-979-1,267-1,243-7933032,1042,649-7,79415,757-19,658-10,7174,25215,666
67/77 -904----11-96340195411-1041,7254,116
9904 -44710,956-8,287-692-992-979-1,267-1,244-6972692,1042,454-7,79715,755-19,659-10,6132,52611,550
9905 -44710,956-8,287-692-992-979-1,267-1,244-6972692,1042,454-7,79715,755-19,659-10,6132,52611,550
Appropriation of the result
9906 2,2222,668-8,287-15,643-14,950-13,959-12,979-11,712-10,469-9,771-10,040-12,144-14,598-6,801-22,556-2,8977,71611,550
14P 2,668-8,287--14,950-13,959-------------
691/2 -----------------1,860
6920 -----------------1,860
694/7 -----------------4,500
695 -----------------4,500
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

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.

Download as CSV

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 PDF
31-12-2024 micro format 26-09-2025 2025-00523822 PDF
31-12-2023 micro format 15-10-2024 2024-00510066 PDF
31-12-2022 micro format 02-08-2023 2023-00305421 PDF
31-12-2021 micro format 03-08-2022 2022-20273141 PDF
31-12-2020 micro format 27-10-2021 2021-75400056 PDF
31-12-2019 micro format 24-06-2020 2020-20900076 PDF
31-12-2018 micro format 17-06-2019 2019-18900193 PDF
31-12-2017 micro format 12-06-2018 2018-17900260 PDF
31-12-2016 full format 19-06-2017 2017-18600496 PDF
31-12-2015 full format 22-06-2016 2016-22900207 PDF
31-12-2014 full format 18-06-2015 2015-18800063 PDF
31-12-2013 full format 24-06-2014 2014-20900445 PDF
31-12-2012 full format 18-06-2013 2013-18700590 PDF
31-12-2011 full format 27-06-2012 2012-25000224 PDF
31-12-2010 full format 30-06-2011 2011-23900405 PDF
31-12-2009 full format 22-06-2010 2010-21300088 PDF
31-12-2008 full format 15-06-2009 2009-22700286 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017201620152014201320122011201020092008
3,58814,383-------5122,3131,951-90324,365-11,744-14,73411,94323,361
2,62513,556-------3882,2232,802-1,34523,180-12,354-3,3089,46318,387
1,38817,172-------00-6,0050594031,17249533,337
-3958876498-6186---328-2,225909----7,723-16,866-
4,4432,817-8,287-1,383-6903011,2812,5483,7914,4894,1011,879-5,9201,365-15,4722,44513,62710,069
--------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%
1.231.17-------4.49--0.461.180.461.101.601.55
1.070.93-------4.49--0.461.180.461.101.601.55
1.200.97-------0.29---1.96-3.791.611.86
-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%
32.72over 100----------------
--234 days----100 days463 days75 days55 days5 days93 days9 days29 days34 days145 days27 days
--37 days--47 days26 days74 days104 days109 days24 days25 days41 days7 days62 days50 days44 days96 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
Item20252024202320222021
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.

Board & ownership

Board

2 directors, last change in 2023
Director (not named in the articles)
appointed by deed of 04-12-2023 term without a fixed end
listed in the 2025 annual accounts, filed on 22-06-2026
Director (not named in the articles)
appointed by deed of 04-12-2023 term without a fixed end
listed in the 2025 annual accounts, filed on 22-06-2026

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today

Director (not named in the articles)

Director (not named in the articles)

Manager
BoardEarlier
Mandates as a list
    • Director (not named in the articles), appointed by deed of 04-12-2023, still in office
    • Director (not named in the articles), appointed by deed of 04-12-2023, still in office
    • Manager, from 01-02-2008 to 02-10-2023

See the board, name and registered office on a given date →

Control

Capital

Contribution
€12,400
Source
2025 annual accounts

Articles of association

deed of 04-12-2023 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
2 directors
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Moitié à charge du cédant et moitié à charge du ou des acquéreurs proportionnellement au nombre d'actions acquises, toutes cessions entre…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of June at 11:00

Capital transactions

Capital over time
  1. 04-12-2023 Converted to unavailable equity
  2. 04-12-2023 Capital reduction of €6,200 · “dispense de libération des capitaux propres apports non appelés,sans suppression d’actions”

Network & group

No group

PACE has no parent and no holdings in its annual accounts. PACE shares no director with another company.

At the same address

Grand'Place 11, 1480 Tubize · 1 other company
Association des copropriétaires de la résidence Il Cappuccino à Tubize
registered office since 24-01-2008
founded in 2008
0895.255.263

Timeline

Timeline

33 events since 2008

Deadline for the 2026 accounts: 31-07-2027

2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0895415116
Annual accounts 2025 filed NBBmicro format · 39 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 57 days late
2024
Back to profit net €10,956 The net result is €10,956, after 7 loss-making years.
Liquidity more than quadruples current ratio 1.17 The current ratio rises from 0.26 to 1.17.
Annual accounts 2023 filed PDFmicro format · 76 days late
2023
Company renamed to PACECapital decrease of €6,200 · New name: PACE · Resignation: (manager)6 points ▸
  • Name change, PACE
  • Director resignation, (manager)
  • Director appointment, (director (not named in the articles))
  • Director appointment, (director (not named in the articles))
  • Director discharge,
  • Capital decrease, €6,200
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

Registered office moved from Zellik to TubizeNew registered office: Grand-Place 11, 1480 Tubize · Previous registered office: Plattanlaan 1, 1731 Zellik · General meeting of 02-10-20232 points ▸
  • General meeting, 02-10-2023
  • Registered-office move, Grand-Place 11, 1480 Tubize

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFmicro format · 2 days late
2022
Annual accounts 2021 filed PDFmicro format · 3 days late
2021
Annual accounts 2020 filed PDFmicro format · 88 days late
2020
Annual accounts 2019 filed PDFmicro format · 37 days before the deadline
2019
Liquidity doubles current ratio 7.69 The current ratio rises from 3.77 to 7.69. Short-term debt falls from €920 to €191.
Annual accounts 2018 filed PDFmicro format · 44 days before the deadline
2018
Annual accounts 2017 filed PDFmicro format · 49 days before the deadline
2017
Liquidity more than doubled current ratio 10.08 The current ratio rises from 4.49 to 10.08. Short-term debt falls from €1,288 to €417.
Annual accounts 2016 filed PDFfull format · 42 days before the deadline
2016
Annual accounts 2015 filed PDFfull format · 39 days before the deadline
2015
Liquidity more than doubled current ratio 6.79 The current ratio rises from 2.69 to 6.79. Short-term debt falls from €1,111 to €709.
Annual accounts 2014 filed PDFfull format · 43 days before the deadline
2014
Back to profit net €2,454 The net result is €2,454, after one loss-making year.
Liquidity more than 5 times current ratio 2.69 The current ratio rises from 0.46 to 2.69. Short-term debt falls from €10,916 to €1,111.
Annual accounts 2013 filed PDFfull format · 37 days before the deadline
2013
Annual accounts 2012 filed PDFfull format · 43 days before the deadline
2012
Back to profit net €15,755 The net result is €15,755, after 2 loss-making years.
Liquidity more than doubled current ratio 1.18 The current ratio rises from 0.46 to 1.18. Short-term debt falls from €28,490 to €7,673.
Annual accounts 2011 filed PDFfull format · 34 days before the deadline
2011
Weakest financial year net -€19,659 The net result drops to -€19,659, the lowest from 2008 to 2025. It recovers the following year.
Annual accounts 2010 filed PDFfull format · 31 days before the deadline
2010
Annual accounts 2009 filed PDFfull format · 39 days before the deadline
2009
Annual accounts 2008 filed PDFfull format · 46 days before the deadline
2008
Incorporation PDFpublished on 12-02-2008
First establishment Grand'Place 11, Tubize

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 1 February 2008, PACE was incorporated.1 Since 2023 the company has been called PACE.2 In 2023 the registered office moved to Tubize.3 Turnover went from €3,725 in 2018 to €1,171 in 2023.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 04-12-2023
  3. 3Belgian Official Gazette, 01-12-2023
  4. 4National Bank, annual accounts 2018 and 2023

Company details

Identity

Enterprise number
0895.415.116
VAT number
BE 0895.415.116
Peppol ID
0208:0895415116
Other Peppol ID
9925:BE0895415116
Legal form
Private limited company
Status
Active, normal situation
Founded
01-02-2008
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of June at 11:00
deed of 04-12-2023 (in French)
Peppol
Reachable since 28-07-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
PACE in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 04-12-2023 (in French)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
56102 Limited-service restaurants main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Toutes activités en rapport direct ou indirect avec la restauration en général et le secteur Horeca,l'organisation de banquets et…”
4 activities
  1. Toutes activités en rapport direct ou indirect avec la restauration en général et le secteur Horeca,l'organisation de banquets et réceptions,le service traiteur,y compris l'organisation,la gestion et l'exploitation de restaurants,cafétérias,débits de boissons,ainsi que toutes opérations de tourisme,d'hôtellerie,de divertissements et de loisirs
  2. L'exploitation,sous sa propre enseigne ou par voie de franchise ou licence de tout snackbar,cafétéria,sandwicherie,service de cuisine rapide ou de petite restauration,de tout service traiteur et/ou d'un ou plusieurs restaurants,ainsi que la livraison à domicile et la vente ambulante
  3. L'importation et l'exportation de tous produits se rapportant à l'objet de la société
  4. Et,pour compte propre uniquement,toutes opérations immobilières en Belgique et à l’étranger et notamment l'achat,la vente,la construction,la transformation,la rénovation,l'aménagement,la location,la sous-location,l'exploitation directe ou en régie,l'échange,et en général,toutes opérations se rattachant directement ou indirectement à la gestion,à la conservation et à la mise en valeur de toutes propriétés immobilières bâties ou non bâties
deed of 04-12-2023 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit numberFASFC approval
Grand'Place 11 registered office 1480 Tubize 29-01-2008 2.168.341.166 Restaurant
1 former office
  • Plattanlaan 1, 1731 Zellik until 02-10-2023 · deed of 01-12-2023

Buildings and parcels at the address

Ground area
226 m²
Buildings
55 m²
Volume, LiDAR
703 m³
Tallest building
13.9 m
Buildings to scale, each on its own parcel
55 m², 13.9 m 55 m², 13.9 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
25105A0088/00C000226 m² 1 · 55 m² 13.9 m · 4

Recognitions

Food safety, FASFC

1 site
Tubizeunit number 2.168.341.166
1 permission
Authorisation · Restaurant · since 04-12-2023

Source: FAVV-AFSCA, open data, updated on 02-11-2026

Contact

E-mail Cappuccinopace@gmail.com
Phone +32 470 69 48 32
E-mail m.vanbattel@gmail.com establishment in Tubize
Phone +32 495 55 77 46 establishment in Tubize