Turnover
The micro format states no turnover.
In July 2024, 6,908 companies had the same profile as PACE has now. Each dot stands for 18 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
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.
| 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.
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.
| 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.
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.
Higher than 63% of 18,509 companies in 2025.
Higher than 55% of 17,864 companies in 2025.
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
| 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.
| 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 |
| 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.
| 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)
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.
PACE has no parent and no holdings in its annual accounts. PACE shares no director with another company.
| Association des copropriétaires de la résidence Il Cappuccino à Tubize
registered office since 24-01-2008 |
founded in 2008 0895.255.263 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Grand'Place 11 registered office 1480 Tubize | 29-01-2008 | 2.168.341.166 | Restaurant |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25105A0088/00C000 | 226 m² | 1 · 55 m² | 13.9 m · 4 |
If something looks wrong or is missing, please tell us.