PAFK
Open bankruptcyA bankruptcy procedure is open for PAFK according to publications in the Belgian State Gazette; curator: JACQUES PIRON. The 2020 annual accounts show negative equity (€-20k) and a net result of €-15k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2020, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-15k
2019 · €3k
2018: €-8k
2019: €3k
2018 → 2020
Working capital
€-20k▼ 288%
2019 · €-5k
2018: €-9k
2019: €-5k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€-7k-€-4k▲ 41.3%€-20k▼ 360%
Operating result€-8k-€3k€-15k
Net result€-8k-€3k€-15k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €15k after €3k in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €7k
Fixed assets
€200▼ 76.6%
Current assets
€6k▲ 114%
Key figures and ratios
EBITDA
€-15k▼
2019 · €4k
Cash flow
€-15k▼
2019 · €4k
Solvency
-297.7%
Current ratio
0.24
Quick ratio
0.24
Debt / equity
-1.34
ROA
-233.0%
Interest coverage
-223.70
Debt
€26k▲
2019 · €8k
Debt ≤ 1 year
€26k▲
2019 · €8k
Staff costs
€394
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€4k€7k▲
Fixed assets21/28€856€200▼
Tangible fixed assets22/27€856€200▼
Plant, machinery and equipment23-€200
Current assets29/58€3k€6k▲
Amounts receivable within one year40/41-€4k
Trade receivables40-€4k
Other amounts receivable41-€162
Cash at bank and in hand54/58€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€4k€7k▲
Equity10/15€-4k€-20k▼
Contributions10/11€6k€6k=
Capital10-€6k
Issued capital100-€19k
Uncalled capital101-€12k
Profit (loss) carried forward14€-10k€-26k▼
Amounts payable17/49€8k€26k▲
Amounts payable within one year42/48€8k€26k▲
Trade debts44€3k€2k▼
Suppliers440/4-€2k
Taxes, remuneration and social security45-€24k
Taxes450/3-€4k
Remuneration and social security454/9-€20k
Income statement
Code20192020
Remuneration, social security and pensions62-€394
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€657€657=
Other operating charges640/8-€3k
Gross operating margin9900€30k€-12k▼
Operating profit (loss)9901€3k€-15k▼
Financial charges65/66B-€66
Recurring financial charges65€46€66▲
Profit (loss) for the period before taxes9903€3k€-15k▼
Profit (loss) for the period9904€3k€-15k▼
Profit (loss) for the period to be appropriated9905€3k€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-26k
Profit (loss) brought forward from the previous period14P-€-10k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-06
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL PAFK AVENUE ALBERT BRACHET 19, 1020 LAEKEN · event 02-06-2025
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 312 days late
2020
31-12
Financial
Weakest financial yearnet €-15k ▼612%
Net result drops to €-15k, the lowest in the series.
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 73 days late
12-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 804 days late
12-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 1169 days late
02-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 215 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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
1 establishment unit since 2015
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.
Ground area
515 m²
Building footprint
253 m²
Volume, LiDAR
3,510 m³
Parcel 21816G0090/00V002, Brussels · tallest building 16.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
PAFK
since 20152.249.098.517
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816G0090/00V002 | Brussels | 515 m² | 1 · 253 m² | 16.2 m · 5 fl. |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JACQUES PIRON AVENUE HENRI JASPAR 113 BTE 3,
1060 SAINT-GILLES |
02-06-2025 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.249.098.517
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-12-2015
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesPhone:0474308231
E-mail:patratabar@gmail.com