PACHO
ActiveSummary
The computed 12-month bankruptcy probability of PACHO is 2.3% (moderate). The 2024 annual accounts show equity of €66k and a net result of €12k. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 41% of 18936 sector peers (fiscal year 2024). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability73▼-2
Solvency44▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.08 in 2023; short-term debt: 41.2% and cash: 0.4% of total assets), and 81.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
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
18.6%
Return on assets
3.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
30 d early
2022
30 d late
2021
30 d late
2020
24 d late
2019
42 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€66k▲ 21.3%
2023 · €55k
2018: €12k
2019: €21k
2020: €31k
2021: €34k
2022: €39k
2023: €55k
2018 → 2024
Total assets
€358k▲ 9.8%
2023 · €326k
2018: €46k
2019: €406k
2020: €390k
2021: €375k
2022: €343k
2023: €326k
2018 → 2024
Net result
€12k▼ 25.4%
2023 · €16k
2018: €19k
2019: €10k
2020: €10k
2021: €3k
2022: €5k
2023: €16k
2018 → 2024
Working capital
€-133k▼ 10.9%
2023 · €-120k
2018: €-20k
2019: €-260k
2020: €-206k
2021: €-178k
2022: €-178k
2023: €-120k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€31k-€34k▲ 10.6%€39k▲ 14.9%€55k▲ 40.1%€66k▲ 21.3%
Operating result€10k-€4k▼ 59.6%€5k▲ 22.0%€18k▲ 279%€19k▲ 5.8%
Net result€10k-€3k▼ 65.9%€5k▲ 56.0%€16k▲ 209%€12k▼ 25.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 6% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €358k
Fixed assets
€343k ▲ 8.8%
Current assets
€15k ▲ 39.7%
Equity and liabilities €358k
Equity
€66k ▲ 21.3%
Debt
€291k ▲ 7.4%
Debt's share of the balance-sheet total falls from 83.2% to 81.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41k▼
2023 · €43k
Cash flow
€33k▼
2023 · €40k
Current ratio
0.10▲
2023 · 0.08
Debt to equity
4.38▼
2023 · 4.95
ROE
17.6%▼
2023 · 28.6%
ROA
3.3%▼
2023 · 4.8%
Interest coverage
30.10▼
2023 · 49.65
Debt ≤ 1 year
€147k▲
2023 · €130k
Debt > 1 year
€100k=
2023 · €100k
Income taxes
€6k▲
2023 · €2k
Staff costs
€22k▼
2023 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€326k€358k▲
Fixed assets21/28€315k€343k▲
Intangible fixed assets21€4k-
Tangible fixed assets22/27€311k€343k▲
Land and buildings22€305k€317k▲
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€176€24k▲
Other tangible fixed assets26€3k€791▼
Financial fixed assets28€489€489=
Current assets29/58€10k€15k▲
Amounts receivable within one year40/41€103€13k▲
Trade receivables40-€12k
Other amounts receivable41€103€652▲
Cash at bank and in hand54/58€10k€2k▼
Deferred charges and accrued income490/1€491€101▼
Equity and liabilities
Total equity and liabilities10/49€326k€358k▲
Equity10/15€55k€66k▲
Contributions10/11€19k€19k=
Reserves13€17k€28k▲
Distributable reserves133€17k€28k▲
Profit (loss) carried forward14€19k€20k▲
Amounts payable17/49€271k€291k▲
Amounts payable after more than one year17€100k€100k=
Financial debts170/4€100k€100k=
Amounts payable within one year42/48€130k€147k▲
Trade debts44€103k€70k▼
Suppliers440/4€103k€70k▼
Advances received on contracts in progress46-€15k
Taxes, remuneration and social security45€22k€51k▲
Taxes450/3€3k€13k▲
Remuneration and social security454/9€20k€38k▲
Other amounts payable47/48€5k€11k▲
Accrued charges and deferred income492/3€41k€44k▲
Income statement
Code20232024
Remuneration, social security and pensions62€24k€22k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€22k▼
Other operating charges640/8€6k€6k▲
Gross operating margin9900€72k€69k▼
Operating profit (loss)9901€18k€19k▲
Financial income75/76B€409€100▼
Recurring financial income75€409€100▼
Financial charges65/66B€859€1k▲
Recurring financial charges65€859€1k▲
Profit (loss) for the period before taxes9903€18k€18k▲
Income taxes67/77€2k€6k▲
Profit (loss) for the period9904€16k€12k▼
Profit (loss) for the period to be appropriated9905€16k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€34k€31k▼
Profit (loss) brought forward from the previous period14P€19k€19k▲
Transfer to equity691/2€15k€11k▼
To other reserves6921€15k€11k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €3k ▼65.9%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 42 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-06
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 2 acts read
About the unread acts
We know of 2 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
2 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, Zulte · 3 establishment units since 2001
Ground area
735 m²
Building footprint
360 m²
Volume, LiDAR
1,757 m³
3 parcels, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
3 establishment units
Grote Steenweg 214, 9870 Zulte
since 20012.093.143.204
TOPAS
since 20192.282.763.257
Waspunt
since 20212.313.039.729
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44050A0792/00D002 | Flanders | 510 m² | 1 · 153 m² | 8.7 m · 2 fl. |
| 44804D1595/00B000 | Flanders | 123 m² | 1 · 123 m² | 11.3 m · 1 fl. |
| 42025A1033/00F002 | Flanders | 101 m² | 1 · 84 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesGent2.282.763.257
Zulte2.093.143.204
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Of 14,009 companies in sector 56301 we hold annual accounts for 4,892. 3,950 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-11-2000
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
56302Nightclubs
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.