Equity
-€15,914
Debts exceed assets in financial year 2025.
PACS
Lifetime
2 annual accounts with figures on one time axispeak -€3,791 (2024)
-€5,427▼ €1,636
lowest -€51,679 (2025)
-€51,679▼ €47,444
peak €35,765 (2024)
-€15,914▼ €51,679
€672,763▲ 1,737×
Board5 names since 2024
5 directors and 4 others
Documentsfilings and deeds
10-06-202651 days before the deadline
2025micro format
Gross margin from -€3,791 to -€5,427Loss of €51,679Equity from €35,765 to -€15,914Debts from €387 to €672,763
Key points
from the 2025 annual accountsLosses
-€55,914 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Debts
€672,763 102% of the balance sheet
Financial debts 88%Suppliers 0%Other 12%
Of this, €181,992 falls due within a year.
Investments
€589,077 15.6 × depreciation
Green is investment, beige is depreciation.
Liquidity
0.58 was 93.33 in 2024
Short-term debts rose from €387 to €181,992.
Position in the sector
-€51,679
Lower net result than 91% of companies in real estate. Sector median €5,859 · 19,800 companies.
Turnover not published (micro format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,252 companies had the same profile as PACS has now. Each dot stands for 4 companies, two years later.
96.5%
were still trading
2.2%
stopped another way
1.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,252 companies, not a prediction for PACS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director
Director
Director
Director
Director
- 80 sharesdeed of 15-04-2024
- 80 sharesdeed of 15-04-2024
- 80 sharesdeed of 15-04-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1008283029
Incorporation
Founding capital of €40,000, 400 shares · Founders: , , and 2 others · Appointments: , , , and · published on 15-04-2024 · Gazette deed
First establishment
Rue Sainte Wivine 2B, Incourt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PACS Incourt | €656,849 | -€5,427 | -2.4% | - |
| Hoona Wavre | €764,939 | -€930,509 | -237.1% | 10.5 |
| Foster Rosières Rixensart | €795,081 | -€127,619 | 71.5% | 2.3 |
| VHN IMMO Mont-Saint-Guibert | €558,349 | -€10,320 | -2.7% | - |
| Altacon Genk | €671,058 | -€6,585 | -6.3% | - |
| KMC IMMOBILIERE Virton | €658,642 | -€1,155 | 7.7% | - |
| HMD Welkenraedt | €718,952 | -€32,932 | -35.6% | - |
These companies have the same main activity as PACS: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €558,000 and €795,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 11-04-2024Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 1 other
- Establishment unit
- 2.360.521.9221315 Incourt, since 11-04-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Annual accounts 2025
- €656,849▲ 18×
- Filing
- Filed on 10-06-2026, 51 days before the end of the filing period
Insights on PACS
PACS has been active since 2024 and the Belgian Official 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 17% of 19,813 sector peers (NACE 68, financial year 2025).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PACS
- What is the company number of PACS?
- The company number of PACS is 1008.283.029. The VAT number is the same number with BE in front: BE 1008.283.029.
- Where is PACS based?
- The registered office is at Rue Sainte Wivine 2B, 1315 Incourt.Company details
- What does PACS do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of PACS?
- PACS is a private limited company (BV).
- When was PACS founded?
- PACS was founded on 11-04-2024.
- Is PACS still active?
- Yes, PACS is an active enterprise in the KBO register.
- What is the turnover of PACS?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is PACS profitable?
- In financial year 2025, PACS made a loss of €51,679.
- Where can I find the annual accounts of PACS?
- PACS filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PACS due?
- PACS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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