PACS
ActiveSummary
PACS has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€15,914) and a net result of -€51,679. Its solvency ranks better than 18% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
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Signals
This company filed its last 2 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 1,251 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Small
- 2 to 5 years old
- negative equity
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,251 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €37,812 | - |
| Other operating charges640/8 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | -€3,791 | -€5,427 | ▼ 43.2% |
| Operating profit (loss)9901 | -€4,178 | -€43,639 | ▼ 944% |
| Financial charges65/66B | €57 | €8,040 | ▲ 14,005% |
| Recurring financial charges65 | €57 | €8,040 | ▲ 14,005% |
| Profit (loss) for the period before taxes9903 | -€4,235 | -€51,679 | ▼ 1,120% |
| Profit (loss) for the period9904 | -€4,235 | -€51,679 | ▼ 1,120% |
| Profit (loss) for the period to be appropriated9905 | -€4,235 | -€51,679 | ▼ 1,120% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €36,152 | €656,849 | ▲ 1,717% |
| Fixed assets21/28 | - | €551,265 | - |
| Tangible fixed assets22/27 | - | €551,265 | - |
| Land and buildings22 | - | €551,265 | - |
| Current assets29/58 | €36,152 | €105,584 | ▲ 192% |
| Amounts receivable within one year40/41 | €706 | €105,584 | ▲ 14,849% |
| Other amounts receivable41 | €706 | €105,584 | ▲ 14,849% |
| Cash at bank and in hand54/58 | €35,446 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €36,152 | €656,849 | ▲ 1,717% |
| Equity10/15 | €35,765 | -€15,914 | ▼ 144% |
| Contributions10/11 | €40,000 | €40,000 | = |
| Profit (loss) carried forward14 | -€4,235 | -€55,914 | ▼ 1,220% |
| Amounts payable17/49 | €387 | €672,763 | ▲ 173,588% |
| Amounts payable after more than one year17 | - | €490,771 | - |
| Financial debts170/4 | - | €490,771 | - |
| Amounts payable within one year42/48 | €387 | €181,992 | ▲ 46,885% |
| Current portion of amounts payable after more than one year42 | - | €4,229 | - |
| Financial debts43 | - | €101,194 | - |
| Credit institutions430/8 | - | €101,194 | - |
| Trade debts44 | - | €455 | - |
| Suppliers440/4 | - | €455 | - |
| Other amounts payable47/48 | €387 | €76,113 | ▲ 19,550% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€4,235 | -€51,679 | ▼ 1,120% |
| + Depreciation and write-downs630 | - | €37,812 | - |
| Operating cash flow (approximation) | -€4,235 | -€13,867 | ▼ 227% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25080C0132/00N000 | Wallonia | 581 m² | 1 · 63 m² | - |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.