PAESMANS
ActiveSummary
PAESMANS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.31M and a net result of €455k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 20% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▼-1
Solvency43▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €320k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.23 in 2024; short-term debt: 80.7% and cash: 4.4% of total assets), and 81.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
18.3%
Return on assets
1.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 4867 sector peers (2025).
NBB · sector comparisonPosition among 4867 sector peers
Solvency
better than 20%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
3 d early
2023
23 d early
2022
26 d early
2021
16 d early
2020
30 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€91.52M▲ 3.2%
2024 · €88.70M
2018: €65.30M
2019: €59.43M
2020: €51.31M
2021: €45.78M
2022: €63.35M
2023: €86.69M
2024: €88.70M
2018 → 2025
EBIT margin
0.8%▼ 0.2pp
2024 · 1.0%
2018: 1.5%
2019: 0.5%
2020: 1.1%
2021: 0.4%
2022: 0.1%
2023: 0.9%
2024: 1.0%
2018 → 2025
Net result
€455k▼ 15.3%
2024 · €537k
2018: €615k
2019: €137k
2020: €367k
2021: €102k
2022: €22k
2023: €552k
2024: €537k
2018 → 2025
Working capital
€5.94M▲ 12.7%
2024 · €5.27M
2018: €4.24M
2019: €4.67M
2020: €4.44M
2021: €3.92M
2022: €4.14M
2023: €4.94M
2024: €5.27M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€45.78M-€63.35M▲ 38.4%€86.69M▲ 36.9%€88.70M▲ 2.3%€91.52M▲ 3.2%
Equity€4.74M-€4.77M▲ 0.5%€5.32M▲ 11.6%€5.86M▲ 10.1%€6.31M▲ 7.8%
Operating result€189k-€70k▼ 62.8%€816k▲ 1,064%€871k▲ 6.8%€697k▼ 20.0%
Net result€102k-€22k▼ 77.9%€552k▲ 2,354%€537k▼ 2.7%€455k▼ 15.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34.46M
Fixed assets
€714k ▲ 11.0%
Current assets
€33.75M ▲ 18.6%
Equity and liabilities €34.46M
Equity
€6.31M ▲ 7.8%
Debt
€28.15M ▲ 21.2%
Debt's share of the balance-sheet total rises from 79.9% to 81.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€955k▼
2024 · €1.08M
Cash flow
€713k▼
2024 · €741k
Current ratio
1.21▼
2024 · 1.23
Quick ratio
0.29▲
2024 · 0.26
Debt to equity
4.46▲
2024 · 3.97
ROE
7.2%▼
2024 · 9.2%
ROA
1.3%▼
2024 · 1.8%
Interest coverage
10.79▼
2024 · 15.75
Debt ≤ 1 year
€27.81M▲
2024 · €23.18M
Debt > 1 year
€345k
Income taxes
€169k▼
2024 · €263k
Staff costs
€4.03M▲
2024 · €3.61M
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 · 81 lines
Balance sheet
Code20242025
Assets
Total assets20/58€29.09M€34.46M▲
Fixed assets21/28€643k€714k▲
Tangible fixed assets22/27€641k€712k▲
Land and buildings22€22k€15k▼
Plant, machinery and equipment23€573k€645k▲
Furniture and vehicles24€41k€50k▲
Other tangible fixed assets26€5k€2k▼
Financial fixed assets28€2k€2k=
Other financial fixed assets284/8€2k€2k=
Amounts receivable and cash guarantees285/8€2k€2k=
Current assets29/58€28.45M€33.75M▲
Stocks and contracts in progress3€22.37M€25.74M▲
Stocks30/36€22.37M€25.74M▲
Goods purchased for resale34€22.37M€25.74M▲
Amounts receivable within one year40/41€5.96M€6.46M▲
Trade receivables40€3.20M€3.67M▲
Other amounts receivable41€2.76M€2.79M▲
Current investments50/53€250€250=
Other investments51/53€250€250=
Cash at bank and in hand54/58€48k€1.53M▲
Deferred charges and accrued income490/1€70k€23k▼
Equity and liabilities
Total equity and liabilities10/49€29.09M€34.46M▲
Equity10/15€5.86M€6.31M▲
Contributions10/11€477k€477k=
Capital10€477k€477k=
Issued capital100€477k€477k=
Revaluation surpluses12€32k€32k=
Reserves13€5.35M€5.80M▲
Non-distributable reserves130/1€48k€48k=
Legal reserve130€48k€48k=
Tax-exempt reserves132€442k€442k=
Distributable reserves133€4.86M€5.31M▲
Amounts payable17/49€23.24M€28.15M▲
Amounts payable after more than one year17-€345k
Financial debts170/4-€345k
Credit institutions173-€345k
Amounts payable within one year42/48€23.18M€27.81M▲
Current portion of amounts payable after more than one year42-€82k
Financial debts43€1.41M€223k▼
Credit institutions430/8€1.41M€223k▼
Trade debts44€21.04M€26.86M▲
Suppliers440/4€21.04M€26.86M▲
Advances received on contracts in progress46€128k€249k▲
Taxes, remuneration and social security45€366k€386k▲
Taxes450/3€38k€19k▼
Remuneration and social security454/9€328k€367k▲
Other amounts payable47/48€236k€5k▼
Accrued charges and deferred income492/3€58k-
Income statement
Code20242025
Operating income70/76A€88.95M€91.81M▲
Turnover70€88.70M€91.52M▲
Other operating income74€233k€288k▲
Non-recurring operating income76A€9k-
Operating charges60/66A€88.07M€91.11M▲
Goods for resale, raw materials and consumables60€79.37M€81.45M▲
Purchases600/8€91.33M€85.09M▼
Change in stocks: decrease (increase)609€-11.97M€-3.64M▲
Services and other goods61€4.65M€4.94M▲
Remuneration, social security and pensions62€3.61M€4.03M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€204k€257k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€72k€295k▲
Other operating charges640/8€180k€148k▼
Non-recurring operating charges66A€676-
Operating profit (loss)9901€871k€697k▼
Financial income75/76B€5k€18k▲
Recurring financial income75€5k€18k▲
Income from current assets751€463€2k▲
Other financial income752/9€5k€15k▲
Financial charges65/66B€76k€91k▲
Recurring financial charges65€76k€91k▲
Debt charges650€68k€88k▲
Other financial charges652/9€8k€2k▼
Profit (loss) for the period before taxes9903€800k€624k▼
Income taxes67/77€263k€169k▼
Taxes670/3€263k€169k▼
Profit (loss) for the period9904€537k€455k▼
Transfer to tax-exempt reserves689€274k-
Profit (loss) for the period to be appropriated9905€264k€455k▲
Appropriation of the result
Profit (loss) to be appropriated9906€264k€455k▲
Transfer to equity691/2€264k€455k▲
To other reserves6921€264k€455k▲
Social balance
Average headcount (FTE)908756.358.5▲
The notes to these accounts (53 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
31-08
State Gazette act
Reappointment: Callens, Vandelanotte & Theunissen BV (statutory auditor)Permanent representative: Marc Maris3 facts ▸
State Gazette act
Reappointment: Callens, Vandelanotte & Theunissen BV (statutory auditor)
Permanent representative: Marc Maris3 facts ▸
- General meeting, 30/07/2026
- Auditor reappointment, Callens, Vandelanotte & Theunissen BV (statutory auditor)
- Permanent representative, Marc Maris
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €5MEq €5.32M ▲11.6%
6 profitable years in a row build equity to €5.32M.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €22k ▼77.9%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Hasselt · 5 establishment units since 1985
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.
Gouverneur Roppesingel 23500 HasseltGround area
1.9 ha
Building footprint
6,676 m²
Volume, LiDAR
8,688 m³
5 parcels, Flanders · tallest building 13.1 m, ±2 floors. Linked by address, not a title deed.
5 establishment units
PAESMANS
since 19852.027.633.263
PAESMANS
since 19872.033.678.838
PAESMANS
since 19992.090.098.887
PAESMANS
since 20082.176.132.345
PAESMANS
since 20182.274.051.172
5 parcels
Flanders
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0485/00D003 | Flanders | 6,800 m² | 1 · 1,827 m² | - |
| 71004A0007/00D000 | Flanders | 6,267 m² | 1 · 2,763 m² | - |
| 72004B0926/00M000 | Flanders | 4,401 m² | 1 · 1,238 m² | 13.1 m · 1 fl. |
| 71024A0467/00R003 | Flanders | 1,379 m² | 1 · 848 m² | 9.3 m · 2 fl. |
| 72015B0265/00C000 | Flanders | 584 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 4
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| Callens, Vandelanotte & Theunissen BVCurrent Statutory auditor · represented by Marc Maris | 31-08-2026 → present |
Public money · subsidies and aid
Flemish government
2022 to 2025 · 11 entries · 24,832 EUR awarded · 24,842 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 8,484 EUR | 8,376 EUR |
| 2024 | 2 | 2,588 EUR | 3,306 EUR |
| 2023 | 4 | 10,844 EUR | 10,244 EUR |
| 2022 | 2 | 2,916 EUR | 2,916 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Vlaams opleidingsverlof (VOV)
Premie kwalificerend werkplekleren
Stagebonus (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
22 live approvals · 43 endedAutotechnieken duaal (so)
Autotechnieken duaal (so)
Autotechnieken duaal (so)
Autotechnieken duaal (so)
Autotechnieken duaal (so)
Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (vwo)
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Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (vwo)
Onderhoudsmechanica auto duaal (so)
Onderhoudsmechanica auto duaal (so)
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Spuiter carrosserie (vwo)
Spuiter carrosserie duaal (so)
Show 43 ended approvals
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Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (so)
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Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (so)
Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (so)
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Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen (so)
Autotechnieken duaal (so)
Autotechnieken duaal (so)
Autotechnieken duaal (so)
Autotechnieken duaal (so)
Autotechnieken duaal (so)
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Onderhouds- en diagnosetechnicus personenwagens en lichte bedrijfsvoertuigen (so)
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Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (vwo)
Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (vwo)
Onderhoudsmechanica auto duaal (so)
Onderhoudsmechanica auto duaal (so)
Onderhoudsmechanica auto duaal (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen duaal (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen duaal (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen duaal (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen duaal (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen duaal (so)
Onderhouds- en diagnosetechnicus personenwagens en lichte bedrijfsvoertuigen (so)
Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (so)
Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (so)
Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen (so)
Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (so)
Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (so)
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Of 2,128 companies in sector 46711 we hold annual accounts for 1,126. 261 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
Founded12-01-1999
Fiscal year end31-12
Activities, NACEBEL 2025
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
46720Wholesale of motor vehicle parts and accessories
47300Retail sale of automotive fuel
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.