Pact B
ActiveSummary
Pact B has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.13M and a net result of €658k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 67% of 830 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+47
Solvency74▲+30
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.04 against 0.09 in 2024; short-term debt: 44.4% and cash: 0.1% of total assets), and 50.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49.2%
Return on assets
28.6%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
24 d late
2024
6 d early
2023
12 d late
2022
39 d early
2021
13 d early
2020
53 d early
2019
on the day
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€27k
EBIT margin
87.1%
Net result
€658k▲ 319%
2024 · €157k
2019: €-2k
2020: €-3k
2021: €-222k
2022: €-3k
2023: €-4k
2024: €157k
2019 → 2025
Working capital
€-977k▼ 384%
2024 · €-202k
2019: €147k
2020: €144k
2021: €-78k
2022: €103
2023: €-446k
2024: €-202k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€27k
Equity€-77k-€254€-3k€474k€1.13M▲ 139%
Operating result€-222k-€-3k▲ 98.8%€4k€8k▲ 106%€24k▲ 202%
Net result€-222k-€-3k▲ 98.8%€-4k▼ 35.0%€157k€658k▲ 319%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 202% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.30M
Fixed assets
€2.26M ▼ 7.3%
Current assets
€44k ▲ 111%
Equity and liabilities €2.30M
Equity
€1.13M ▲ 139%
Debt
€1.17M ▼ 41.0%
Debt's share of the balance-sheet total falls from 80.7% to 50.8%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.04▼
2024 · 0.09
Debt to equity
1.03▼
2024 · 4.18
ROE
58.1%▲
2024 · 33.1%
ROA
28.6%▲
2024 · 6.4%
Debt ≤ 1 year
€1.02M▲
2024 · €223k
Debt > 1 year
€113k▼
2024 · €1.72M
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 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.45M€2.30M▼
Fixed assets21/28€2.43M€2.26M▼
Financial fixed assets28€2.43M€2.26M▼
Affiliated companies280/1-€1.32M
Participating interests280-€1.32M
Companies linked by participating interests282/3-€863k
Participating interests282-€863k
Other financial fixed assets284/8-€69k
Shares284-€69k
Current assets29/58€21k€44k▲
Amounts receivable within one year40/41€15k€41k▲
Trade receivables40€12k€27k▲
Other amounts receivable41€3k€14k▲
Cash at bank and in hand54/58€6k€3k▼
Deferred charges and accrued income490/1-€63
Equity and liabilities
Total equity and liabilities10/49€2.45M€2.30M▼
Equity10/15€474k€1.13M▲
Contributions10/11€550k€550k=
Capital10€550k€550k=
Issued capital100€550k€550k=
Reserves13-€581k
Non-distributable reserves130/1-€29k
Legal reserve130-€29k
Distributable reserves133-€552k
Profit (loss) carried forward14€-76k€363▲
Amounts payable17/49€1.98M€1.17M▼
Amounts payable after more than one year17€1.72M€113k▼
Financial debts170/4€1.72M€113k▼
Other loans174-€113k
Amounts payable within one year42/48€223k€1.02M▲
Current portion of amounts payable after more than one year42-€810k
Trade debts44€6k€6k▲
Suppliers440/4€6k€6k▲
Other amounts payable47/48€217k€205k▼
Accrued charges and deferred income492/3€41k€36k▼
Income statement
Code20242025
Operating income70/76A-€27k
Turnover70-€27k
Operating charges60/66A-€3k
Services and other goods61-€2k
Other operating charges640/8€578€1k▲
Gross operating margin9900€8k-
Operating profit (loss)9901€8k€24k▲
Financial income75/76B€200k€670k▲
Recurring financial income75€200k€570k▲
Income from financial fixed assets750-€570k
Non-recurring financial income76B-€100k
Financial charges65/66B€51k€36k▼
Recurring financial charges65€51k€36k▼
Debt charges650-€36k
Other financial charges652/9-€40
Profit (loss) for the period before taxes9903€157k€658k▲
Profit (loss) for the period9904€157k€658k▲
Profit (loss) for the period to be appropriated9905€157k€658k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-76k€581k▲
Profit (loss) brought forward from the previous period14P€-233k€-76k▲
Transfer to equity691/2-€581k
To the legal reserve6920-€29k
To other reserves6921-€552k
The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 24 days late
2025
31-12
Financial
Highest result since 2019net €658k ▲319%
Operating result €24k, net result €658k, both a record.
31-12
Financial
Equity above €1MEq €1.13M ▲139%
2 profitable years in a row build equity to €1.13M.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €157k
Net result €157k after 5 loss-making years.
31-12
Financial
Equity above €200kEq €474k
Equity rises from €-3k to €474k.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 12 days late
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 10current ratio 1.02
Current ratio from 0.10 to 1.02; short-term debt falls from €87k to €6k.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-222k
Net result drops to €-222k, the lowest in the series; recovery starts the following year.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Gent · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Waterlelielaan 19032 GentGround area
5,728 m²
Building footprint
268 m²
Parcel 44074C0050/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
Ateliers Ronse
since 20182.280.979.843
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44074C0050/00H000 | Flanders | 5,728 m² | 1 · 268 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 2,451 companies in sector 41003 we hold annual accounts for 1,054. 511 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.