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PACO

In bankruptcy Private limited company (pre-2019)founded 1999Kiewitstraat 11, 3550 Heusden-ZolderKBO/BCE: BE 0465.792.020
PACO
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Overview

Information for creditors

Commercial Court of Antwerp, Hasselt division · Official Gazette of 02-03-2015
Appeal or third-party opposition 17-03-2015Filing the claim in RegSol 28-03-2015First verification report 09-04-2015Late claim 26-02-2016

Trustee: Mr Lesire Godfrey. The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

Lifetime

7 annual accounts with figures on one time axis, 14 filings since 2000
peak €21,723 (2007)
€3,128▼ 30.2%
lowest -€7,731 (2008)
€6,447▲ 1.6%
peak €72,693 (2013)
€72,693▲ 12.3%
€5,356▼ 60.9%
Documentsfilings and deeds
31-10-2013filed
2013abbreviated format
Gross margin from €4,479 to €3,128Equity from €64,746 to €72,693Debts from €13,704 to €5,356Cash from €0 to €20

Key points

from the 2013 annual accounts, the last ones filed

Liquidity

14.57 was 5.72 in 2012

Short-term debts fell from €13,704 to €5,356.

Filings

14 annual accounts since 2000
deadline200020052010

The 2008 accounts came 19 days late. The other nine of the last ten were filed on time.

Recent changes

Listed in the Peppol Directory
Bankruptcy published Commercial Court of Antwerp, Hasselt division · judgment of 26-02-2015 · Bankruptcy
First establishment Kiewitstraat 11, Heusden-Zolder
All 22 events

Official details

Source: KBO
Status
In bankruptcydeclared bankrupt on 26-02-2015
Activity
No activity registered in the KBO
Establishment unit
2.091.620.2053550 Heusden-Zolder, since 13-07-1999
Financial year end
31 March
Peppol
Reachable since 06-07-2026
Company details

Annual accounts to 31-03-2013

€3,128▼ 30.2%
≈ €21,000estimated
€6,447▲ 1.6%
€72,693▲ 12.3%
€78,049▼ 0.5%
Filing
Filed on 31-10-2013
Financials

Insights on PACO

On 26 February 2015 the court declared PACO bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2013

abbreviated format, filed on 31-10-2013, on the day of the deadline
€3,128
▼ 30.2%
€2,718
▼ 25.6%
€6,447
▲ 1.6%
€72,693
▲ 12.3%
93.1%
▲ 10.6 percentage points
14.57
▲ 8.85

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €21,000. Estimated: probably between €8,800 and €53,000.

Balance sheet

balance sheet total €78,049 on 31-03-2013
What the company ownsHow it is paid for

in euro

in euro

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2013201220112010200920082007
Balance sheet: assets
20/58 78,04978,45174,32379,11861,51656,50059,714
29/58 78,04978,45174,32379,11861,51656,50059,714
40/41 78,02978,45073,28779,11861,51653,54358,348
40 1,1777981,6391,3933,8634,00712,286
41 76,85177,65271,64877,72657,65349,53646,062
54/58 2001,036--2,9571,366
Balance sheet: equity and liabilities
10/49 78,04978,45174,32379,11861,51656,50059,714
10/15 72,69364,74655,90047,72936,43130,17337,903
10/11 13,29711,7979,2979,2979,2979,2979,297
100 18,59218,59218,60018,60018,60018,60018,600
101 5,2956,7959,3039,3039,3039,3039,303
13 59,39652,94946,60238,43127,13420,87628,606
130 1,8591,8591,8591,8591,8591,8591,859
133 57,53751,09044,74336,57225,27519,01626,747
16 ------10,000
160/5 ------10,000
17/49 5,35613,70418,42331,39025,08526,32711,811
17 -----9,292-
170/4 -----9,292-
42/48 5,35613,70418,42331,39025,08517,03511,811
42 ---12,30612,3068,708-
43 --1,2391,2391,239--
430/8 --1,2391,2391,239--
44 2,5966,4074,9896,9785,4275,3905,990
440/4 2,5966,4074,9896,9785,4275,3905,990
45 2,7607,29812,19510,8666,1122,9365,821
450/3 2,7607,29812,19510,8666,1122,9365,821
Income statement
9900 3,1284,4796,3329,3463,159-20,72521,723
635/8 ------10,00010,000
640/8 4108249242831,5161,3451,487
9901 2,7183,6545,4089,0631,643-12,07110,236
75/76B 6,1985,9056,2506,4475,5054,5262,743
75 6,1985,9056,2506,4475,5054,5262,743
65/66B 14441313244890186613
65 14441313244890186613
9903 8,7739,14611,52615,4666,258-7,73112,367
67/77 2,3262,7993,3554,169--2,467
9904 6,4476,3478,17111,2986,258-7,7319,900
9905 6,4476,3478,17111,2986,258-7,7319,900
Appropriation of the result
9906 6,4476,3478,17111,2986,258-7,7319,900
791/2 -8---7,731-
691/2 6,4476,3558,17111,2986,258-9,900
6921 6,4476,3558,17111,2986,258-9,900
Document PDFPDFPDFPDFPDFPDFPDF

The accounts for 7 older financial years (2000-2006) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2013 (PDF), filed on 31-10-2013.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-03-2013 abbreviated format 31-10-2013 2013-65100218 PDF
31-03-2012 abbreviated format 31-10-2012 2012-62800360 PDF
31-03-2011 abbreviated format 30-10-2011 2011-59700179 PDF
31-03-2010 abbreviated format 29-10-2010 2010-59400537 PDF
31-03-2009 abbreviated format 30-10-2009 2009-83700252 PDF
31-03-2008 abbreviated format 19-11-2008 2008-81900055 PDF
31-03-2007 abbreviated format 24-10-2007 2007-78200116 PDF
31-03-2006 abbreviated format 27-10-2006 2006-85502559 PDF
31-03-2005 abbreviated format 30-09-2005 2005-77801867 PDF
31-03-2004 abbreviated format 30-09-2004 2004-69102664 PDF
31-03-2003 abbreviated format 29-09-2003 2003-70100201 PDF
31-03-2002 abbreviated format 25-10-2002 2002-68203839 PDF
31-03-2001 abbreviated format 09-10-2001 2001-63004884 PDF
31-03-2000 abbreviated format 12-10-2000 2000-64403197 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2013201220112010200920082007
20-1,035---1,591-
72,69364,74655,90047,72936,43139,46447,903
93.1%82.5%75.2%60.3%59.2%53.4%63.5%
14.575.724.032.522.453.325.06
0.070.210.330.660.690.870.31
8.9%9.8%14.6%23.7%17.2%-25.6%26.1%
8.3%8.1%11.0%14.3%10.2%-13.7%16.6%

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on PACO

The operating result for 2013 is 26% lower than in 2012 and the lowest since 2009. It is the third fall in a row.

Debt's share of the balance-sheet total falls from 17.5% to 6.9%. Equity is higher and debt is lower.

Board & ownership

Curator

the curator has managed the company since 26-02-2015
Mr Lesire Godfrey
Curator, De Gerlachestraat 11, 3500 Hasselt
Also on 115 other cases

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€13,297.33
Source
2013 annual accounts

Office holders in the KBO →

Timeline

Timeline

22 events since 1999
2026
Listed in the Peppol Directory
2015
Bankruptcy published Commercial Court of Antwerp, Hasselt division · judgment of 26-02-2015
2013
Annual accounts 2013 filed PDFabbreviated format · on the deadline day
Liquidity more than doubled current ratio 14.57 The current ratio rises from 5.72 to 14.57. Short-term debt falls from €13,704 to €5,356.
2012
Annual accounts 2012 filed PDFabbreviated format · on the deadline day
2011
Annual accounts 2011 filed PDFabbreviated format · 1 day before the deadline
2010
Annual accounts 2010 filed PDFabbreviated format · 2 days before the deadline
Highest result from 2007 to 2013 net €11,298 ▲80.5% The net result of €11,298 is the highest of those years.
2009
Annual accounts 2009 filed PDFabbreviated format · 1 day before the deadline
Back to profit net €6,258 The net result is €6,258, after one loss-making year.
2008
Annual accounts 2008 filed PDFabbreviated format · 19 days late
Weakest financial year net -€7,731 The net result drops to -€7,731, the lowest from 2007 to 2013.
2007
Annual accounts 2007 filed PDFabbreviated format · 7 days before the deadline
2006
Annual accounts 2006 filed PDFabbreviated format · 4 days before the deadline
2005
Annual accounts 2005 filed PDFabbreviated format · 31 days before the deadline
2004
Annual accounts 2004 filed PDFabbreviated format · 31 days before the deadline
2003
Annual accounts 2003 filed PDFabbreviated format
2002
Annual accounts 2002 filed PDFabbreviated format
2001
Annual accounts 2001 filed PDFabbreviated format
2000
Annual accounts 2000 filed PDFabbreviated format
1999
First establishment Kiewitstraat 11, Heusden-Zolder
Incorporation KBO

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

PACO was incorporated on 2 April 1999.1 Total assets rose from €61,516 in 2009 to €78,049 in 2013.2 On 26 February 2015 the company was declared bankrupt.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2009 and 2013
  3. 3Belgian Official Gazette, 02-03-2015

Company details

Identity

Enterprise number
0465.792.020
VAT number
BE 0465.792.020
Peppol ID
0208:0465792020
Legal form
Private limited company (pre-2019)
Status
In bankruptcy, since 26-02-2015
Founded
02-04-1999
Financial year
ends on 31 March
Peppol
Listed since 06-07-2026The listing only disappears when the Peppol service provider removes it.
Name
PACO in Dutch
Name in the Peppol Directory
Koraal Advocaten
Entity type
Legal entity

Registered office and establishments

1 establishment
Establishment Since Unit number
Kiewitstraat 11 registered office 3550 Heusden-Zolder 6920101 Certified accountants and tax accountants 13-07-1999 2.091.620.205

Buildings and parcels at the address

Ground area
888 m²
Buildings
182 m²
Volume, LiDAR
723 m³
Tallest building
6.4 m
Buildings to scale, each on its own parcel
182 m², 6.4 m 182 m², 6.4 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
71065F0913/00B000888 m² 1 · 182 m² 6.4 m · 1

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