PACEM
ActiveSummary
PACEM has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3,660 and a net result of €1,011. Equity is shrinking by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 75% of 3221 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▲+98
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
2 d late
2024
25 d early
2023
103 d early
2022
102 d early
2021
4 d early
2020
13 d early
2019
46 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 42 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€2,030▲ 107%
2024 · €979
EBIT margin
54.4%▲ 147.9pp
2024 · -93.4%
Net result
€1,011
2024 · -€1,011
Working capital
€3,660▲ 45.5%
2024 · €2,516
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€14,011▲ 437%€1,488▼ 89.4%€728▼ 51.1%€979▲ 34.4%€2,030▲ 107%
Operating result€6,856▲ 4,912%-€7,790-€1,572▲ 79.8%-€914▲ 41.8%€1,105
Net result€6,716within the sector's middle half▼ 45.7%-€7,909below the sector's middle half-€1,668below the sector's middle half▲ 78.9%-€1,011below the sector's middle half▲ 39.4%€1,011within the sector's middle half
EBIT margin48.9%▲ 43.7pp-523.5%▼ 572.4pp-215.9%▲ 307.6pp-93.4%▲ 122.4pp54.4%▲ 147.9pp
Equity€13,237below the sector's middle half▲ 103%€5,328below the sector's middle half▼ 59.7%€3,660below the sector's middle half▼ 31.3%€2,649below the sector's middle half▼ 27.6%€3,660below the sector's middle half▲ 38.2%
Total assets€15,029below the sector's middle half▲ 22.6%€5,936below the sector's middle half▼ 60.5%€4,379below the sector's middle half▼ 26.2%€3,368below the sector's middle half▼ 23.1%€4,533below the sector's middle half▲ 34.6%
Debt€1,792▼ 68.8%€607▼ 66.1%€719▲ 18.4%€719=€872▲ 21.4%
Working capital€13,237▲ 107%€4,779▼ 63.9%€3,319▼ 30.5%€2,516▼ 24.2%€3,660▲ 45.5%
Solvency88.1%above the sector's middle half▲ 34.9pp89.8%above the sector's middle half▲ 1.7pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1,105 after a loss of €914 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €4,533
Equity
€3,660 ▲ 38.2%
Debt
€872 ▲ 21.4%
Debt's share of the balance-sheet total falls from 21.3% to 19.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1,238▲
2024 · -€706
Cash flow
€1,144▲
2024 · -€803
Interest coverage
13.17▲
2024 · -7.28
Debt ≤ 1 year
€872▲
2024 · €719
Ratios withheld: a balance sheet total of €4,533 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €14,011 | €1,488 | €728 | €979 | €2,030 | ▲ 107% |
| Goods, raw materials, services and sundry goods60/61 | - | €9,203 | €2,093 | €1,685 | €792 | ▼ 53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €118 | €75 | €208 | €208 | €134 | ▼ 35.9% |
| Gross operating margin9900 | €6,974 | -€7,715 | -€1,364 | -€706 | €1,238 | ▲ 275% |
| Operating profit (loss)9901 | €6,856 | -€7,790 | -€1,572 | -€914 | €1,105 | ▲ 221% |
| Financial charges65/66B | - | €119 | €96 | €97 | €94 | ▼ 3.0% |
| Recurring financial charges65 | €140 | €119 | €96 | €97 | €94 | ▼ 3.0% |
| Profit (loss) for the period before taxes9903 | €6,716 | -€7,909 | -€1,668 | -€1,011 | €1,011 | ▲ 200% |
| Profit (loss) for the period9904 | €6,716 | -€7,909 | -€1,668 | -€1,011 | €1,011 | ▲ 200% |
| Profit (loss) for the period to be appropriated9905 | €6,716 | -€7,909 | -€1,668 | -€1,011 | €1,011 | ▲ 200% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15,029 | €5,936 | €4,379 | €3,368 | €4,533 | ▲ 34.6% |
| Fixed assets21/28 | - | €550 | €342 | €134 | - | - |
| Tangible fixed assets22/27 | - | €550 | €342 | €134 | - | - |
| Leasing and similar rights25 | - | €550 | €342 | €134 | - | - |
| Current assets29/58 | €15,029 | €5,386 | €4,038 | €3,235 | €4,533 | ▲ 40.1% |
| Stocks and contracts in progress3 | €6,080 | €2,099 | €1,184 | €606 | €606 | = |
| Stocks30/36 | - | €2,099 | €1,184 | €606 | €606 | = |
| Amounts receivable within one year40/41 | €392 | €175 | €373 | €202 | - | - |
| Trade receivables40 | - | - | €203 | - | - | - |
| Other amounts receivable41 | - | €175 | €170 | €202 | - | - |
| Cash at bank and in hand54/58 | €8,557 | €3,111 | €2,480 | €2,427 | €3,927 | ▲ 61.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15,029 | €5,936 | €4,379 | €3,368 | €4,533 | ▲ 34.6% |
| Equity10/15 | €13,237 | €5,328 | €3,660 | €2,649 | €3,660 | ▲ 38.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | - | - |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | - | - |
| Profit (loss) carried forward14 | -€5,363 | -€13,272 | -€14,940 | -€15,951 | -€14,940 | ▲ 6.3% |
| Amounts payable17/49 | €1,792 | €607 | €719 | €719 | €872 | ▲ 21.4% |
| Amounts payable within one year42/48 | €1,792 | €607 | €719 | €719 | €872 | ▲ 21.4% |
| Taxes, remuneration and social security45 | - | - | - | - | €154 | - |
| Taxes450/3 | - | - | - | - | €154 | - |
| Other amounts payable47/48 | - | €607 | €719 | €719 | €719 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,716 | -€7,909 | -€1,668 | -€1,011 | €1,011 | ▲ 200% |
| + Depreciation and write-downs630 | €118 | €75 | €208 | €208 | €134 | ▼ 35.9% |
| Operating cash flow (approximation) | €6,834 | -€7,834 | -€1,460 | -€803 | €1,144 | ▲ 242% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - | - |
| Change in cash | - | -€5,445 | -€631 | -€53 | €1,500 | ▲ 2,921% |
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
Next filing, fiscal year 2026, expected by
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 2 days late
2025
30-06
Financial
Back to profitnet €1,011
Net result €1,011 after 3 loss-making years.
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
20-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
21-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
Financial
Liquidity quadruplescurrent ratio 8.39
Current ratio from 2.12 to 8.39; short-term debt falls from €5,738 to €1,792.
18-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Back to profitnet €12,364
Net result €12,364 after one loss-making year.
30-06
Financial
Liquidity quadruplescurrent ratio 2.12
Current ratio from 0.60 to 2.12; short-term debt falls from €17,418 to €5,738.
2019
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
15-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Blégny · 1 establishment unit since 2008
Ground area
2,147 m²
Building footprint
136 m²
Parcel 62094A0769/00C000, Wallonia. Linked by address, not a title deed.
1 establishment unit
PACEM
since 20082.171.078.843
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62094A0769/00C000 | Wallonia | 2,147 m² | 1 · 136 m² | - |
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.
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no one else
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 12,817 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 (pre-2019)
Founded21-05-2008
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0898048170
Registered
30-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.