PACOADVICE
ActiveSummary
PACOADVICE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11k and a net result of €-11k. Equity is shrinking by ~14.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 25% of 712 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-70
Solvency42▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.12 against 1.26 in 2024; short-term debt: 82.2% and cash: 61% of total assets), and 83.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
16.6%
Return on assets
-16%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
44 d early
2023
35 d early
2022
11 d early
2021
52 d early
2020
29 d early
2019
35 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-11k
2024 · €1k
2018: €20khighest in 8 years
2019: €6k▼ -72.8% vs 2018
2020: €10k▲ +75.6% vs 2019
2021: €-10k▼ -201% vs 2020
2022: €4k▲ +140% vs 2021
2023: €8k▲ +99.4% vs 2022
2024: €1k▼ -86.5% vs 2023
2025: €-11k▼ -1129% vs 2024lowest in 8 years
2018 → 2025
Working capital
€7k▼ 60.5%
2024 · €17k
2018: €53k
2019: €60k▲ +13.4% vs 2018
2020: €75k▲ +23.8% vs 2019highest in 8 years
2021: €70k▼ -6.7% vs 2020
2022: €72k▲ +4.0% vs 2021
2023: €11k▼ -84.2% vs 2022
2024: €17k▲ +48.2% vs 2023
2025: €7k▼ -60.5% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€72k-€76k▲ 5.5%€15k▼ 80.4%€22k▲ 48.8%€11k▼ 49.2%
2021: €72k
2022: €76k▲ +5.5% vs 2021highest in 5 years
2023: €15k▼ -80.4% vs 2022
2024: €22k▲ +48.8% vs 2023
2025: €11k▼ -49.2% vs 2024lowest in 5 years
Operating result€-10k-€4k€11k▲ 212%€3k▼ 77.5%€-10k
2021: €-10k
2022: €4k▲ +136% vs 2021
2023: €11k▲ +212% vs 2022highest in 5 years
2024: €3k▼ -77.5% vs 2023
2025: €-10k▼ -504% vs 2024lowest in 5 years
Net result€-10k-€4k€8k▲ 99.4%€1k▼ 86.5%€-11k
2021: €-10k
2022: €4k▲ +140% vs 2021
2023: €8k▲ +99.4% vs 2022highest in 5 years
2024: €1k▼ -86.5% vs 2023
2025: €-11k▼ -1129% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10k after €3k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €68k
Fixed assets
€5k ▼ 9.2%
Current assets
€63k ▼ 23.0%
Equity and liabilities €68k
Equity
€11k ▼ 49.2%
Debt
€57k ▼ 12.8%
Debt's share of the balance-sheet total rises from 74.6% to 83.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-10k▼
2024 · €3k
Cash flow
€-10k▼
2024 · €1k
Current ratio
1.12▼
2024 · 1.26
Debt to equity
5.04▲
2024 · 2.94
ROE
-97.0%▼
2024 · 4.8%
ROA
-16.0%▼
2024 · 1.2%
Interest coverage
-26.89▼
2024 · 15.19
Debt ≤ 1 year
€56k▼
2024 · €64k
Income taxes
€152▼
2024 · €1k
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 · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€87k€68k▼
Fixed assets21/28€6k€5k▼
Tangible fixed assets22/27€3k€2k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€910€790▼
Financial fixed assets28€3k€3k=
Current assets29/58€81k€63k▼
Amounts receivable within one year40/41€31k€21k▼
Trade receivables40€28k€21k▼
Other amounts receivable41€3k€0▼
Cash at bank and in hand54/58€50k€41k▼
Deferred charges and accrued income490/1€543€600▲
Equity and liabilities
Total equity and liabilities10/49€87k€68k▼
Equity10/15€22k€11k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€2k€-9k▼
Amounts payable17/49€65k€57k▼
Amounts payable within one year42/48€64k€56k▼
Trade debts44€556€207▼
Suppliers440/4€556€207▼
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€5k€4k▼
Other amounts payable47/48€58k€51k▼
Accrued charges and deferred income492/3€759€823▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€352€543▲
Other operating charges640/8€611€678▲
Gross operating margin9900€4k€-9k▼
Operating profit (loss)9901€3k€-10k▼
Financial income75/76B€2€0▼
Recurring financial income75€2€0▼
Financial charges65/66B€193€366▲
Recurring financial charges65€193€366▲
Profit (loss) for the period before taxes9903€2k€-11k▼
Income taxes67/77€1k€152▼
Profit (loss) for the period9904€1k€-11k▼
Profit (loss) for the period to be appropriated9905€1k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-9k▼
Profit (loss) brought forward from the previous period14P€625€2k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €56 | €121 | €352 | €543 | ▲ 54.2% |
| Other operating charges640/8 | €422 | €510 | €805 | €611 | €678 | ▲ 11.0% |
| Gross operating margin9900 | €-5k | €4k | €12k | €4k | €-9k | ▼ 359% |
| Operating profit (loss)9901 | €-10k | €4k | €11k | €3k | €-10k | ▼ 504% |
| Financial income75/76B | €718 | €455 | €179 | €2 | €0 | ▼ 100% |
| Recurring financial income75 | €718 | €455 | €179 | €2 | €0 | ▼ 100% |
| Financial charges65/66B | €177 | €778 | €703 | €193 | €366 | ▲ 90.1% |
| Recurring financial charges65 | €177 | €778 | €703 | €193 | €366 | ▲ 90.1% |
| Profit (loss) for the period before taxes9903 | €-10k | €3k | €11k | €2k | €-11k | ▼ 551% |
| Income taxes67/77 | €159 | €-600 | €3k | €1k | €152 | ▼ 88.5% |
| Profit (loss) for the period9904 | €-10k | €4k | €8k | €1k | €-11k | ▼ 1,129% |
| Profit (loss) for the period to be appropriated9905 | €-10k | €4k | €8k | €1k | €-11k | ▼ 1,129% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €98k | €93k | €94k | €87k | €68k | ▼ 22.1% |
| Fixed assets21/28 | €3k | €4k | €4k | €6k | €5k | ▼ 9.2% |
| Tangible fixed assets22/27 | €0 | €1k | €1k | €3k | €2k | ▼ 19.5% |
| Furniture and vehicles24 | €0 | - | - | €2k | €1k | ▼ 22.5% |
| Other tangible fixed assets26 | - | €1k | €1k | €910 | €790 | ▼ 13.3% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €95k | €89k | €90k | €81k | €63k | ▼ 23.0% |
| Amounts receivable within one year40/41 | €43k | €31k | €32k | €31k | €21k | ▼ 33.0% |
| Trade receivables40 | €31k | €24k | €32k | €28k | €21k | ▼ 26.7% |
| Other amounts receivable41 | €12k | €6k | €503 | €3k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €51k | €57k | €58k | €50k | €41k | ▼ 17.2% |
| Deferred charges and accrued income490/1 | €876 | €916 | €497 | €543 | €600 | ▲ 10.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €98k | €93k | €94k | €87k | €68k | ▼ 22.1% |
| Equity10/15 | €72k | €76k | €15k | €22k | €11k | ▼ 49.2% |
| Contributions10/11 | €12k | €12k | €12k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €58k | €62k | €625 | €2k | €-9k | ▼ 647% |
| Amounts payable17/49 | €26k | €17k | €80k | €65k | €57k | ▼ 12.8% |
| Amounts payable within one year42/48 | €25k | €16k | €79k | €64k | €56k | ▼ 13.1% |
| Trade debts44 | €436 | €131 | €724 | €556 | €207 | ▼ 62.9% |
| Suppliers440/4 | €436 | €131 | €724 | €556 | €207 | ▼ 62.9% |
| Taxes, remuneration and social security45 | €8k | €4k | €3k | €5k | €4k | ▼ 18.5% |
| Taxes450/3 | €8k | €4k | €3k | €5k | €4k | ▼ 18.5% |
| Other amounts payable47/48 | €16k | €12k | €75k | €58k | €51k | ▼ 12.1% |
| Accrued charges and deferred income492/3 | €664 | €690 | €723 | €759 | €823 | ▲ 8.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-10k | €4k | €8k | €1k | €-11k | ▼ 1,129% |
| + Depreciation and write-downs630 | €5k | €56 | €121 | €352 | €543 | ▲ 54.2% |
| Operating cash flow (approximation) | €-5k | €4k | €8k | €1k | €-10k | ▼ 834% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €-2k | €0 | ▲ 100% |
| Change in cash | - | €6k | €565 | €-7k | €-9k | ▼ 15.7% |
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
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Gerpinnes · 1 establishment unit since 2015
Ground area
2,509 m²
Building footprint
179 m²
Volume, LiDAR
1,270 m³
Parcel 52041A0349/00D000, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PACOADVISE
since 20152.238.847.102
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52041A0349/00D000 | Wallonia | 2,509 m² | 1 · 179 m² | 9.1 m · 2 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.
Similar companies · same sector, comparable size
DINGO
BE 0735.379.764
Wijnegem · Eq €11,238
De Ondernemersfabriek
BE 0838.425.933
Heist-op-den-Berg · Eq €11,291
AYM
BE 0768.826.156
Gent · Eq €11,293
STELACO
BE 0559.943.584
Alken · Eq €11,191
BIEN VU
BE 0787.358.797
Mons · Eq €11,295
Of 13,417 companies in sector 73300 we hold annual accounts for 6,898. 3,882 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.