PaceSetters
ActiveSummary
PaceSetters has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €285,787 and a net result of -€68,456. Equity is shrinking by about 15% per year across the filed financial years. Its solvency ranks better than 95% of 1,675 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €285,787
- Loss
- -€68,456
- Parent
- Divirsiti · 100%
- Holdings
- 5
- De Cronos Groep NVDirector
Why 87raises riskLoss of €68,456, the second in a row (financial year 2025)Liquidity: current ratio 18.36, cash €4,084lowers riskSize: total assets €289,247Sector: Computer programming, consultancy and related activities (NACE 62)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro): better than 85% on solvency, 33% on liquidity, 5% on profitability and 25% on growth.
The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 3 days before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- NameName change · Amendment of…
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €7,826 in 2025 against €41,711 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €4.1m | €2.7m | €2.8m | €0.2m | €0.04m | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €0.002m | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.2m | €0.05m | €0.01m | €0.01m | €0.007m | ▼ 36.5% |
| Remuneration, social security and pensions62 | - | - | - | €0.02m | - | €487 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.01m | €0.02m | €0.02m | €0.005m | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€410 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.002m | €0.001m | €0.002m | €0.001m | €0.001m | ▲ 11.3% |
| Non-recurring operating charges66A | - | - | - | €0.1m | - | - | €0.03m | - | - |
| Gross operating margin9900 | - | - | €0.9m | €0.7m | -€0.007m | €0.01m | -€0.01m | -€0.007m | ▲ 36.5% |
| Operating profit (loss)9901 | €1.0m | €0.1m | €0.5m | €0.5m | -€0.008m | €0.01m | -€0.04m | -€0.008m | ▲ 81.2% |
| Financial income75/76B | - | - | - | €2.0m | €0.005m | €0.01m | €0.01m | €0.002m | ▼ 78.4% |
| Recurring financial income75 | - | €246 | €0.001m | €0.003m | €0.005m | €0.01m | €0.01m | €0.002m | ▼ 78.4% |
| Non-recurring financial income76B | - | - | - | €2.0m | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.001m | €0.001m | €94 | €104 | €0.06m | ▲ 604× |
| Recurring financial charges65 | €0.03m | €0.03m | €0.004m | €0.001m | €0.001m | €94 | €104 | €106 | ▲ 1.7% |
| Debt charges650 | €0.03m | €0.03m | - | - | - | - | - | - | - |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €0.06m | - |
| Profit (loss) for the period before taxes9903 | €1.0m | -€0.2m | €0.8m | €2.5m | -€0.004m | €0.02m | -€0.03m | -€0.07m | ▼ 114% |
| Income taxes67/77 | €0.3m | €0.05m | €0.1m | €0.1m | €0.002m | - | €0.004m | - | - |
| Profit (loss) for the period9904 | €0.6m | -€0.2m | €0.6m | €2.4m | -€0.006m | €0.02m | -€0.04m | -€0.07m | ▼ 87.3% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | €0.2m | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | €0.1m | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.6m | -€0.2m | €0.6m | €2.3m | -€0.006m | €0.02m | €0.2m | -€0.07m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.0m | €1.7m | €2.2m | €4.1m | €0.4m | €0.4m | €0.4m | €0.3m | ▼ 20.5% |
| Formation expenses20 | - | €0.002m | €0.001m | - | - | - | - | - | - |
| Fixed assets21/28 | €0.5m | €0.2m | €0.2m | - | - | - | - | €0.2m | - |
| Tangible fixed assets22/27 | €0.06m | €0.05m | €0.03m | - | - | - | - | - | - |
| Financial fixed assets28 | €0.4m | €0.1m | €0.1m | - | - | - | - | €0.2m | - |
| Current assets29/58 | €2.5m | €1.5m | €2.0m | €4.1m | €0.4m | €0.4m | €0.4m | €0.06m | ▼ 82.5% |
| Amounts receivable within one year40/41 | €2.3m | €1.3m | €1.9m | €3.9m | €0.4m | €0.4m | €0.4m | €0.06m | ▼ 83.4% |
| Trade receivables40 | - | - | - | €0.03m | €111 | €0.008m | €0.008m | €0.001m | ▼ 87.1% |
| Other amounts receivable41 | - | - | - | €3.9m | €0.4m | €0.3m | €0.4m | €0.06m | ▼ 83.4% |
| Cash at bank and in hand54/58 | €0.03m | €0.01m | €0.01m | €0.07m | €0.005m | €0.005m | €0.005m | €0.004m | ▼ 18.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.05m | €0.03m | €0.03m | - | €6 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.0m | €1.7m | €2.2m | €4.1m | €0.4m | €0.4m | €0.4m | €0.3m | ▼ 20.5% |
| Equity10/15 | €1.0m | €0.7m | €1.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | ▼ 19.3% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.9m | €0.7m | €1.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | €0.2m | €0.2m | €0.2m | - | - | - |
| Distributable reserves133 | - | - | - | €0.1m | €0.09m | €0.1m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | €0.001m | -€425 | €0.002m | €65 | €68 | €96 | €53 | -€0.07m | - |
| Provisions and deferred taxes16 | - | - | €410 | €410 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €410 | - | - | - | - | - |
| Pensions and similar obligations160 | - | - | - | €410 | - | - | - | - | - |
| Amounts payable17/49 | €2.1m | €0.9m | €0.8m | €3.7m | €0.03m | €0.003m | €0.01m | €0.003m | ▼ 64.0% |
| Amounts payable within one year42/48 | €2.1m | €0.9m | €0.8m | €3.7m | €0.03m | €0.003m | €0.01m | €0.003m | ▼ 64.0% |
| Trade debts44 | €0.8m | €0.5m | €0.6m | €0.1m | €0.03m | €0.003m | €0.005m | €0.003m | ▼ 32.6% |
| Suppliers440/4 | - | - | - | €0.1m | €0.03m | €0.003m | €0.005m | €0.003m | ▼ 32.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | - | - | €0.004m | - | - |
| Taxes450/3 | - | - | - | €0.1m | - | - | €0.004m | - | - |
| Remuneration and social security454/9 | - | - | - | €0.002m | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €3.4m | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.6m | -€0.2m | €0.6m | €2.4m | -€0.006m | €0.02m | -€0.04m | -€0.07m | ▼ 87.3% |
| + Depreciation and write-downs630 | €0.01m | €0.02m | €0.02m | €0.005m | - | - | - | - | - |
| Operating cash flow (approximation) | €0.6m | -€0.2m | €0.7m | €2.4m | -€0.006m | €0.02m | -€0.04m | -€0.07m | ▼ 87.3% |
| Investment in fixed assets (approximation) | - | €0.3m | -€443 | - | - | - | - | - | - |
| Change in cash | - | -€0.02m | €0.001m | €0.06m | -€0.07m | -€0 | -€9 | -€0.001m | ▼ 10,326% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 27-07-2026 | 2026-00344017 |
| 31-12-2024 | abbreviated format | 07-07-2025 | 2025-00251033 |
| 31-12-2023 | abbreviated format | 11-07-2024 | 2024-00263303 |
| 31-12-2022 | abbreviated format | 01-08-2023 | 2023-00303731 |
| 31-12-2021 | abbreviated format | 24-08-2022 | 2022-20311638 |
| 31-12-2020 | abbreviated format | 19-08-2021 | 2021-50600042 |
| 31-12-2019 | full format | 14-07-2020 | 2020-30000230 |
| 31-12-2018 | full format | 19-08-2019 | 2019-47500177 |
| 31-12-2017 | full format | 16-07-2018 | 2018-33600298 |
| 31-12-2016 | full format | 03-08-2017 | 2017-41000257 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Statutory auditor 1
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| De Cronos Groep NVfrom an act |
|
| KPMG Bedrijfsrevisoren BV |
|
Owners and capital
Owners
1 ownerChain of control
- Nuclys
- De Cronos Groep
- Divirsiti
- PaceSetters
Highest known parent: Nuclys. The sources do not say who stands above it.
Owners 1
-
100%
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
-
100%
According to the 2025 annual accounts of PaceSetters and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Holdings and subsidiaries
5 holdingsHoldings 5
Source for every holding own accounts 2025
-
90%
-
90%
- We Are NovasubsidiaryEquity €41,093Result €20,13390%
-
80%
-
60%
According to the 2025 annual accounts of PaceSetters and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
14-07
Gazette deed
NameName change · Amendment of the articles3 facts ▸
- General meeting, “buitengewone algemene vergadering” (deed in Dutch)
- Name change, PaceSetters
- Amendment of the articles, 1
21-11
Gazette deed
Reappointment: KPMG Bedrijfsrevisoren BV (statutory auditor)Permanent representative: de Wit Josephus5 facts ▸
- General meeting, 13-06-2023
- Other provision, “einde mandaat commissaris van rechtswege, commissaris van de Vennootschap” (deed in Dutch)
- Auditor reappointment, KPMG Bedrijfsrevisoren BV (statutory auditor)
- Director in office, De Cronos Groep NV (director)
- Permanent representative, de Wit Josephus
Show earlier events
About the unread acts
Of the 15 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11024B0079/00F000 | Flanders | 3,333 m² | 1 · 932 m² | 10.3 m · 3 |
| 11024B0130/00E002 | Flanders | 3,317 m² | 1 · 736 m² | 14.2 m · 4 |