PAF CLEANING
InactivePAF CLEANING was declared bankrupt on 11-06-2024 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed for insufficient assets by judgment of 02-12-2025, published in the Belgian State Gazette on 05-12-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-03-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-03-2022 close31-10-2022 deadline21-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2021 was due by 31-10-2021 and was filed on 05-10-2021, 26 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
26 d early
2020
27 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€38k▲ 173%
2020 · €14k
2020: €14k
2020 → 2021
Total assets
€127k▲ 235%
2020 · €38k
2020: €38k
2020 → 2021
Net result
€52k▲ 80.5%
2020 · €29k
2020: €29k
2020 → 2021
Working capital
€38k▲ 168%
2020 · €14k
2020: €14k
2020 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021Trend
Equity€14k-€38k▲ 173%
Operating result€32k-€56k▲ 75.3%
Net result€29k-€52k▲ 80.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2021; 2021 is 75% above 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €127k
Fixed assets
€634
Current assets
€126k
Equity and liabilities €127k
Equity
€38k▲ 173%
Debt
€89k▲ 272%
The debt ratio rises from 62.9% to 69.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€56k
Cash flow
€52k
Solvency
30.2%▼
2020 · 37.1%
Current ratio
1.42▼
2020 · 1.59
Quick ratio
1.42▼
2020 · 1.59
ROE
136.5%▼
2020 · 206.2%
ROA
41.2%▼
2020 · 76.4%
Debt
€89k▲
2020 · €24k
Debt ≤ 1 year
€89k▲
2020 · €24k
Income taxes
€6k▲
2020 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€38k€127k▲
Fixed assets21/28-€634
Tangible fixed assets22/27-€634
Current assets29/58€38k€126k▲
Amounts receivable within one year40/41€38k€124k▲
Cash at bank and in hand54/58-€2k
Equity and liabilities
Total equity and liabilities10/49€38k€127k▲
Equity10/15€14k€38k▲
Contributions10/11€100€100=
Reserves13€10€10=
Profit (loss) carried forward14€14k€38k▲
Amounts payable17/49€24k€89k▲
Amounts payable within one year42/48€24k€89k▲
Trade debts44€5k€51k▲
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€18
Gross operating margin9900€32k€56k▲
Operating profit (loss)9901€32k€56k▲
Recurring financial income75€1k€3k▲
Recurring financial charges65€187€39▼
Profit (loss) for the period before taxes9903€33k€58k▲
Income taxes67/77€4k€6k▲
Profit (loss) for the period9904€29k€52k▲
Profit (loss) for the period to be appropriated9905€29k€52k▲
Timeline · acts, filings and financial milestones
2025
05-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · ELEC PAF BV ZWIJNAARDSESTEENWEG 44, 9000 GENT · event 02-12-2025
2024
17-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · ELEC PAF BV ZWIJNAARDSE- STEENWEG 44, 9000 GENT · event 11-06-2024
2021
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
SignalNBB filing
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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BENNY GOOSSENS TOLPOORTSTRAAT 145,
9800 DEINZE |
11-06-2024 → present |