PACEXPORT
ActiveSummary
PACEXPORT has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €127,560 and a net result of -€45,504. Equity remains stable across the filed fiscal years (±1.5% per year). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability29▲+29
Solvency35▼-10
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.35 against 0.01 in 2023; short-term debt: 90% and cash: 0.1% of total assets), and 90% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
10%
Return on assets
-3.6%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€45,504
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
6 d early
2022
99 d early
2021
102 d early
2020
58 d early
2019
63 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 41 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€127,560▼ 26.3%
2023 · €173,065
Total assets
€1.3m▲ 45.1%
2023 · €882,251
Net result
-€45,504▲ 98.4%
2023 · -€2.9m
Working capital
-€746,791▼ 6.7%
2023 · -€699,772
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€3,085▼ 9.9%-€2,915▲ 5.5%-€4,949▼ 69.8%-€2.8m▼ 57,437%-€4,576▲ 99.8%
Net result€23,100▼ 94.9%€5,386▼ 76.7%€10,864▲ 102%-€2.9m-€45,504▲ 98.4%
Equity€3.0m▲ 0.8%€3.0m▲ 0.2%€3.0m▲ 0.4%€173,065▼ 94.3%€127,560▼ 26.3%
Total assets€3.1m▲ 1.1%€3.1m▼ 0.1%€3.1m▲ 0.2%€882,251▼ 71.9%€1.3m▲ 45.1%
Debt€102,503▲ 10.3%€94,648▼ 7.7%€89,954▼ 5.0%€709,187▲ 688%€1.2m▲ 62.5%
Working capital€2.3m▲ 1.0%€2.3m▲ 0.2%€2.3m▲ 0.5%-€699,772-€746,791▼ 6.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result +98% on 2023. The previous fiscal year ran 18 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,576 in 2024 against €2.8m in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets
€874,478 =
Current assets
€405,438 ▲ 5,116%
Equity and liabilities €1.3m
Equity
€127,560 ▼ 26.3%
Debt
€1.2m ▲ 62.5%
Debt's share of the balance-sheet total rises from 80.4% to 90.0%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.35▲
2023 · 0.01
Debt to equity
9.03▲
2023 · 4.10
ROE
-35.7%
ROA
-3.6%▲
2023 · -325.8%
Debt ≤ 1 year
€1.2m▲
2023 · €707,546
Income taxes
€0▼
2023 · €1
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €1,295 | €2,675 | €1,232 | ▼ 53.9% |
| Non-recurring operating charges66A | - | - | - | €2.8m | €0 | ▼ 100% |
| Gross operating margin9900 | -€1,869 | -€2,599 | -€3,654 | -€9,161 | -€3,343 | ▲ 63.5% |
| Operating profit (loss)9901 | -€3,085 | -€2,915 | -€4,949 | -€2.8m | -€4,576 | ▲ 99.8% |
| Financial income75/76B | - | - | €25,995 | €14,606 | €6,550 | ▼ 55.2% |
| Recurring financial income75 | €35,031 | €10,580 | €25,995 | €14,606 | €6,550 | ▼ 55.2% |
| Financial charges65/66B | - | - | €5,657 | €41,119 | €47,479 | ▲ 15.5% |
| Recurring financial charges65 | €1,317 | €469 | €5,657 | €41,119 | €47,479 | ▲ 15.5% |
| Profit (loss) for the period before taxes9903 | €30,629 | €7,196 | €15,389 | -€2.9m | -€45,504 | ▲ 98.4% |
| Income taxes67/77 | €7,529 | €1,810 | €4,525 | €1 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €23,100 | €5,386 | €10,864 | -€2.9m | -€45,504 | ▲ 98.4% |
| Profit (loss) for the period to be appropriated9905 | €23,100 | €5,386 | €10,864 | -€2.9m | -€45,504 | ▲ 98.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.1m | €3.1m | €3.1m | €882,251 | €1.3m | ▲ 45.1% |
| Fixed assets21/28 | €764,478 | €764,478 | €764,478 | €874,478 | €874,478 | = |
| Financial fixed assets28 | €764,478 | €764,478 | €764,478 | €874,478 | €874,478 | = |
| Current assets29/58 | €2.4m | €2.4m | €2.4m | €7,774 | €405,438 | ▲ 5,116% |
| Amounts receivable within one year40/41 | €2.4m | €2.4m | €2.4m | €1,641 | €404,469 | ▲ 24,544% |
| Other amounts receivable41 | - | - | €2.4m | €1,641 | €404,469 | ▲ 24,544% |
| Cash at bank and in hand54/58 | €306 | €774 | €970 | €6,132 | €969 | ▼ 84.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.1m | €3.1m | €3.1m | €882,251 | €1.3m | ▲ 45.1% |
| Equity10/15 | €3.0m | €3.0m | €3.0m | €173,065 | €127,560 | ▼ 26.3% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | - | - | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €3.0m | €3.0m | €3.0m | €104,865 | €59,360 | ▼ 43.4% |
| Amounts payable17/49 | €102,503 | €94,648 | €89,954 | €709,187 | €1.2m | ▲ 62.5% |
| Amounts payable within one year42/48 | €102,503 | €94,648 | €89,954 | €707,546 | €1.2m | ▲ 62.8% |
| Taxes, remuneration and social security45 | - | - | €4,240 | €0 | - | - |
| Taxes450/3 | - | - | €4,240 | €0 | - | - |
| Other amounts payable47/48 | - | - | €85,714 | €707,546 | €1.2m | ▲ 62.8% |
| Accrued charges and deferred income492/3 | - | - | - | €1,641 | €126 | ▼ 92.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,100 | €5,386 | €10,864 | -€2.9m | -€45,504 | ▲ 98.4% |
| Operating cash flow (approximation) | €23,100 | €5,386 | €10,864 | -€2.9m | -€45,504 | ▲ 98.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€110,000 | €0 | ▲ 100% |
| Change in cash | - | €467 | €196 | €5,162 | -€5,163 | ▼ 200% |
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
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€2.9m
Net result drops to -€2.9m, the lowest in the series; recovery starts the following year.
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 63 days late
2019
31-12
Financial
Highest result since 2018net €455,484 ▲1,893%
Operating result -€2,806, net result €455,484, both a record.
31-12
Financial
Liquidity times 6current ratio 25.15
Current ratio from 4.49 to 25.15; short-term debt falls from €512,822 to €92,914.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
12-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Wevelgem · 1 establishment unit since 1997
Ground area
2,299 m²
Building footprint
800 m²
Volume, LiDAR
5,756 m³
Parcel 34302B0845/00V003, Flanders · tallest building 8.7 m, ±3 floors. Linked by address, not a title deed.
17
companies at this address
See who is registered here
1 establishment unit
PACEXPORT NV
since 19972.084.486.943
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34302B0845/00V003 | Flanders | 2,298 m² | 1 · 800 m² | 8.7 m · 3 fl. |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
89.87%
According to the 2024 annual accounts of PACEXPORT and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPublic limited company
Founded13-10-1997
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.