Paffuto
ActiveSummary
The computed 12-month bankruptcy probability of Paffuto is 2.1% (moderate). The 2025 annual accounts show equity of €97,149 and a net result of -€4,335. Equity is growing by ~34.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 18537 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-60
Solvency98▲+11
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 3.14 against 2.16 in 2024; short-term debt: 26.6% and cash: 27.1% of total assets), and 26.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 4 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
22 d late
2022
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 27 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€97,149▼ 4.3%
2024 · €101,484
Total assets
€132,341▼ 19.2%
2024 · €163,756
Net result
-€4,335
2024 · €33,365
Working capital
€75,483▲ 4.9%
2024 · €71,931
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€31,037-€57,272▲ 84.5%€43,775▼ 23.6%-€3,196
Net result€22,494above the sector's middle half-€43,124above the sector's middle half▲ 91.7%€33,365above the sector's middle half▼ 22.6%-€4,335below the sector's middle half
Equity€24,994within the sector's middle half-€68,118within the sector's middle half▲ 173%€101,484within the sector's middle half▲ 49.0%€97,149within the sector's middle half▼ 4.3%
Total assets€138,176within the sector's middle half-€139,400within the sector's middle half▲ 0.9%€163,756within the sector's middle half▲ 17.5%€132,341within the sector's middle half▼ 19.2%
Debt€113,182-€71,282▼ 37.0%€62,272▼ 12.6%€35,192▼ 43.5%
Working capital€13,735-€35,248▲ 157%€71,931▲ 104%€75,483▲ 4.9%
Solvency18.1%within the sector's middle half-48.9%within the sector's middle half▲ 30.8pp62.0%within the sector's middle half▲ 13.1pp73.4%above the sector's middle half▲ 11.4pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3,196 after €43,775 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €132,341
Fixed assets
€21,666 ▼ 26.7%
Current assets
€110,675 ▼ 17.5%
Equity and liabilities €132,341
Equity
€97,149 ▼ 4.3%
Debt
€35,192 ▼ 43.5%
Debt's share of the balance-sheet total falls from 38.0% to 26.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5,387▼
2024 · €52,115
Cash flow
€4,249▼
2024 · €41,706
Current ratio
3.14▲
2024 · 2.16
Quick ratio
1.17▲
2024 · 1.10
Debt to equity
0.36▼
2024 · 0.61
ROE
-4.5%▼
2024 · 32.9%
ROA
-3.3%▼
2024 · 20.4%
Interest coverage
2.29▼
2024 · 13.61
Debt ≤ 1 year
€35,192▼
2024 · €62,272
Income taxes
€724▼
2024 · €10,090
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
5.9%
stopped otherwise
91%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 2,151 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.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €440 | €4,738 | €8,340 | €8,583 | ▲ 2.9% |
| Other operating charges640/8 | €6,468 | €10,473 | €13,709 | €15,895 | ▲ 15.9% |
| Gross operating margin9900 | €37,945 | €72,483 | €65,824 | €21,282 | ▼ 67.7% |
| Operating profit (loss)9901 | €31,037 | €57,272 | €43,775 | -€3,196 | ▼ 107% |
| Financial income75/76B | - | €2,718 | €3,509 | €1,937 | ▼ 44.8% |
| Recurring financial income75 | - | €2,718 | €3,509 | €1,937 | ▼ 44.8% |
| Financial charges65/66B | €11 | €114 | €3,829 | €2,351 | ▼ 38.6% |
| Recurring financial charges65 | €11 | €114 | €3,829 | €2,351 | ▼ 38.6% |
| Profit (loss) for the period before taxes9903 | €31,026 | €59,876 | €43,456 | -€3,611 | ▼ 108% |
| Income taxes67/77 | €8,532 | €16,752 | €10,090 | €724 | ▼ 92.8% |
| Profit (loss) for the period9904 | €22,494 | €43,124 | €33,365 | -€4,335 | ▼ 113% |
| Profit (loss) for the period to be appropriated9905 | €22,494 | €43,124 | €33,365 | -€4,335 | ▼ 113% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €138,176 | €139,400 | €163,756 | €132,341 | ▼ 19.2% |
| Fixed assets21/28 | €11,259 | €32,871 | €29,552 | €21,666 | ▼ 26.7% |
| Tangible fixed assets22/27 | €11,259 | €32,871 | €29,552 | €21,666 | ▼ 26.7% |
| Land and buildings22 | €5,312 | €4,771 | €4,231 | €3,691 | ▼ 12.8% |
| Plant, machinery and equipment23 | - | - | €3,556 | €3,347 | ▼ 5.9% |
| Furniture and vehicles24 | €5,947 | €28,099 | €21,765 | €14,628 | ▼ 32.8% |
| Current assets29/58 | €126,917 | €106,530 | €134,204 | €110,675 | ▼ 17.5% |
| Stocks and contracts in progress3 | €54,066 | €54,415 | €65,847 | €69,355 | ▲ 5.3% |
| Stocks30/36 | €54,066 | €54,415 | €65,847 | €69,355 | ▲ 5.3% |
| Amounts receivable within one year40/41 | €70,562 | €1,952 | €5,139 | €3,256 | ▼ 36.6% |
| Trade receivables40 | €68,474 | €1,952 | €5,139 | €3,256 | ▼ 36.6% |
| Other amounts receivable41 | €2,088 | - | - | - | - |
| Cash at bank and in hand54/58 | €2,289 | €48,915 | €61,850 | €35,836 | ▼ 42.1% |
| Deferred charges and accrued income490/1 | - | €1,248 | €1,368 | €2,227 | ▲ 62.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €138,176 | €139,400 | €163,756 | €132,341 | ▼ 19.2% |
| Equity10/15 | €24,994 | €68,118 | €101,484 | €97,149 | ▼ 4.3% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €22,494 | €65,618 | €98,984 | €94,649 | ▼ 4.4% |
| Distributable reserves133 | €22,494 | €65,618 | €98,984 | €94,649 | ▼ 4.4% |
| Amounts payable17/49 | €113,182 | €71,282 | €62,272 | €35,192 | ▼ 43.5% |
| Amounts payable within one year42/48 | €113,182 | €71,282 | €62,272 | €35,192 | ▼ 43.5% |
| Trade debts44 | €40,838 | €5,225 | €9,245 | €2,183 | ▼ 76.4% |
| Suppliers440/4 | €40,838 | €5,225 | €9,245 | €2,183 | ▼ 76.4% |
| Taxes, remuneration and social security45 | €26,402 | €23,274 | €24,988 | €6,184 | ▼ 75.3% |
| Taxes450/3 | €20,402 | €22,074 | €24,988 | €6,184 | ▼ 75.3% |
| Remuneration and social security454/9 | €6,000 | €1,200 | - | - | - |
| Other amounts payable47/48 | €45,942 | €42,783 | €28,039 | €26,825 | ▼ 4.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,494 | €43,124 | €33,365 | -€4,335 | ▼ 113% |
| + Depreciation and write-downs630 | €440 | €4,738 | €8,340 | €8,583 | ▲ 2.9% |
| Operating cash flow (approximation) | €22,934 | €47,862 | €41,706 | €4,249 | ▼ 89.8% |
| Investment in fixed assets (approximation) | - | -€26,350 | -€5,022 | -€698 | ▲ 86.1% |
| Change in cash | - | €46,626 | €12,935 | -€26,014 | ▼ 301% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet -€4,335
Net result drops to -€4,335, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Equity above €100,000Eq €101,484 ▲49%
3 profitable years in a row build equity to €101,484.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Highest result since 2022net €43,124 ▲91.7%
Operating result €57,272, net result €43,124, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Balen · 1 establishment unit since 2022
Ground area
902 m²
Building footprint
202 m²
Volume, LiDAR
934 m³
Parcel 13003D0870/00X000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Paffuto
since 20222.338.286.156
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13003D0870/00X000 | Flanders | 902 m² | 1 · 202 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 262 companies in sector 47511 we hold annual accounts for 98. 69 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
47511Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0793846614
Also
9925:BE0793846614
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.