PACO
Open bankruptcyA bankruptcy procedure is open for PACO according to publications in the Belgian State Gazette; curator: Mr LESIRE GODFREY.
Summary
The 2013 annual accounts show equity of €72,693 and a net result of €6,447.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Commercial Court of Antwerp, Hasselt division
- Declared bankrupt
- 26 February 2015
- Official Gazette
- 02-03-2015 (pdf) ↗search the document for 2015/101773
Deadlines
- Provisional date payments stopped
- 26 February 2015A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 17 March 2015Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 28 March 2015art. XX.104 and XX.155 CEL
- First verification report
- passed on 9 April 2015Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 26 February 2016Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Mr Lesire GodfreyDe Gerlachestraat 11, 3500 Hasselt
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2013 was due by 31-10-2013 and was filed on 31-10-2013, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
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
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2013, abbreviated schema
Equity
€72,693▲ 12.3%
2012 · €64,746
Total assets
€78,049▼ 0.5%
2012 · €78,451
Net result
€6,447▲ 1.6%
2012 · €6,347
Working capital
€72,693▲ 12.3%
2012 · €64,746
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
Line20092010201120122013
Operating result€1,643-€9,063▲ 451%€5,408▼ 40.3%€3,654▼ 32.4%€2,718▼ 25.6%
Net result€6,258-€11,298▲ 80.5%€8,171▼ 27.7%€6,347▼ 22.3%€6,447▲ 1.6%
Equity€36,431-€47,729▲ 31.0%€55,900▲ 17.1%€64,746▲ 15.8%€72,693▲ 12.3%
Total assets€61,516-€79,118▲ 28.6%€74,323▼ 6.1%€78,451▲ 5.6%€78,049▼ 0.5%
Debt€25,085-€31,390▲ 25.1%€18,423▼ 41.3%€13,704▼ 25.6%€5,356▼ 60.9%
Working capital€36,431-€47,729▲ 31.0%€55,900▲ 17.1%€64,746▲ 15.8%€72,693▲ 12.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2013 is 26% below 2012.
Balance-sheet composition
2013 in colour, 2012 as the grey bar beneath
Equity and liabilities €78,049
Equity
€72,693 ▲ 12.3%
Debt
€5,356 ▼ 60.9%
Debt's share of the balance-sheet total falls from 17.5% to 6.9%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
14.57▲
2012 · 5.72
ROE
8.9%▼
2012 · 9.8%
ROA
8.3%▲
2012 · 8.1%
Debt ≤ 1 year
€5,356▼
2012 · €13,704
Income taxes
€2,326▼
2012 · €2,799
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Gross operating margin9900 | €3,159 | €9,346 | €6,332 | €4,479 | €3,128 | ▼ 30.2% |
| Operating profit (loss)9901 | €1,643 | €9,063 | €5,408 | €3,654 | €2,718 | ▼ 25.6% |
| Recurring financial income75 | €5,505 | €6,447 | €6,250 | €5,905 | €6,198 | ▲ 5.0% |
| Recurring financial charges65 | €890 | €44 | €132 | €413 | €144 | ▼ 65.2% |
| Profit (loss) for the period before taxes9903 | €6,258 | €15,466 | €11,526 | €9,146 | €8,773 | ▼ 4.1% |
| Income taxes67/77 | - | €4,169 | €3,355 | €2,799 | €2,326 | ▼ 16.9% |
| Profit (loss) for the period9904 | €6,258 | €11,298 | €8,171 | €6,347 | €6,447 | ▲ 1.6% |
| Profit (loss) for the period to be appropriated9905 | €6,258 | €11,298 | €8,171 | €6,347 | €6,447 | ▲ 1.6% |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €61,516 | €79,118 | €74,323 | €78,451 | €78,049 | ▼ 0.5% |
| Current assets29/58 | €61,516 | €79,118 | €74,323 | €78,451 | €78,049 | ▼ 0.5% |
| Amounts receivable within one year40/41 | €61,516 | €79,118 | €73,287 | €78,450 | €78,029 | ▼ 0.5% |
| Cash at bank and in hand54/58 | - | - | €1,036 | €0 | €20 | ▲ 4,322% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €61,516 | €79,118 | €74,323 | €78,451 | €78,049 | ▼ 0.5% |
| Equity10/15 | €36,431 | €47,729 | €55,900 | €64,746 | €72,693 | ▲ 12.3% |
| Contributions10/11 | €9,297 | €9,297 | €9,297 | €11,797 | €13,297 | ▲ 12.7% |
| Reserves13 | €27,134 | €38,431 | €46,602 | €52,949 | €59,396 | ▲ 12.2% |
| Amounts payable17/49 | €25,085 | €31,390 | €18,423 | €13,704 | €5,356 | ▼ 60.9% |
| Amounts payable within one year42/48 | €25,085 | €31,390 | €18,423 | €13,704 | €5,356 | ▼ 60.9% |
| Trade debts44 | €5,427 | €6,978 | €4,989 | €6,407 | €2,596 | ▼ 59.5% |
| Line | 2009 | 2010 | 2011 | 2012 | 2013 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,258 | €11,298 | €8,171 | €6,347 | €6,447 | ▲ 1.6% |
| Operating cash flow (approximation) | €6,258 | €11,298 | €8,171 | €6,347 | €6,447 | ▲ 1.6% |
| Change in cash | - | - | - | -€1,035 | €20 | ▲ 102% |
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
2015
02-03
Bankruptcy
Opening
Rechtbank van koophandel Antwerpen, afdeling Hasselt · event 26-02-2015
2013
31-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
31-03
Financial
Liquidity triplescurrent ratio 14.57
Current ratio from 5.72 to 14.57; short-term debt falls from €13,704 to €5,356.
2012
31-10
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2011
30-10
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2010
29-10
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
31-03
Financial
Highest result since 2009net €11,298 ▲80.5%
Operating result €9,063, net result €11,298, both a record.
2009
30-10
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2008
19-11
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema · 19 days late
2007
24-10
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
2006
27-10
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema
2005
30-09
NBB filing
Annual accounts filed
fiscal year 2005 · abbreviated schema
2004
30-09
NBB filing
Annual accounts filed
fiscal year 2004 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Heusden-Zolder · 1 establishment unit since 1999
Ground area
888 m²
Building footprint
182 m²
Volume, LiDAR
723 m³
Parcel 71065F0913/00B000, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Kiewitstraat 11, 3550 Heusden-Zolder
since 19992.091.620.205
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065F0913/00B000 | Flanders | 888 m² | 1 · 182 m² | 6.4 m · 1 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Mr LESIRE GODFREY DE GERLACHESTRAAT 11, 3500 HASSELT |
26-02-2015 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded02-04-1999
Fiscal year end31-03
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465792020
Registered
06-07-2026
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.