PAFRA
ActiveSummary
PAFRA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €423k and a net result of €-74k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 62% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▼-12
Solvency71▼-2
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.26 against 0.29 in 2024; short-term debt: 54.2% and cash: 12.7% of total assets), and 54.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
34 d early
2023
68 d late
2022
67 d late
2021
61 d late
2020
61 d late
2019
91 d late
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, abbreviated schema
Equity
€423k▼ 14.9%
2024 · €497k
Total assets
€924k▼ 10.0%
2024 · €1.03M
Net result
€-74k
2024 · €15k
Working capital
€-371k▲ 1.9%
2024 · €-378k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-288k€236k€252k▲ 6.8%€16k▼ 93.6%€-74k
Net result€-217k€196k€174k▼ 11.3%€15k▼ 91.2%€-74k
Equity€292k▼ 42.6%€488k▲ 67.0%€482k▼ 1.2%€497k▲ 3.2%€423k▼ 14.9%
Total assets€370k▼ 49.6%€554k▲ 49.7%€1.04M▲ 88.1%€1.03M▼ 1.4%€924k▼ 10.0%
Debt€78k▼ 52.7%€66k▼ 15.1%€560k▲ 747%€530k▼ 5.4%€501k▼ 5.4%
Working capital€162k▼ 1.7%€278k▲ 72.2%€-494k€-378k▲ 23.5%€-371k▲ 1.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €74k after €16k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €924k
Fixed assets
€794k ▼ 9.3%
Current assets
€130k ▼ 14.1%
Equity and liabilities €924k
Equity
€423k ▼ 14.9%
Debt
€501k ▼ 5.4%
Debt's share of the balance-sheet total rises from 51.6% to 54.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€16k▼
2024 · €106k
Cash flow
€16k▼
2024 · €105k
Current ratio
0.26▼
2024 · 0.29
Debt to equity
1.18▲
2024 · 1.07
ROE
-17.5%▼
2024 · 3.1%
ROA
-8.0%▼
2024 · 1.5%
Interest coverage
90.01▼
2024 · 590.62
Debt ≤ 1 year
€501k▼
2024 · €530k
Income taxes
€875▼
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €362k | €380k | €114k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €21k | €90k | €90k | €90k | = |
| Other operating charges640/8 | €5k | €14k | €23k | €19k | €12k | ▼ 35.4% |
| Non-recurring operating charges66A | €15k | €3k | €10k | - | - | - |
| Gross operating margin9900 | €-260k | €274k | €375k | €125k | €29k | ▼ 77.2% |
| Operating profit (loss)9901 | €-288k | €236k | €252k | €16k | €-74k | ▼ 558% |
| Financial income75/76B | €15k | - | €657 | €648 | €831 | ▲ 28.1% |
| Recurring financial income75 | €0 | - | €657 | €648 | €831 | ▲ 28.1% |
| Non-recurring financial income76B | €15k | - | - | - | - | - |
| Financial charges65/66B | €215 | €138 | €127 | €180 | €180 | ▲ 0.1% |
| Recurring financial charges65 | €215 | €138 | €127 | €180 | €180 | ▲ 0.1% |
| Profit (loss) for the period before taxes9903 | €-274k | €236k | €253k | €17k | €-73k | ▼ 541% |
| Transfer from deferred taxes780 | €61k | - | - | - | - | - |
| Income taxes67/77 | €4k | €41k | €79k | €1k | €875 | ▼ 37.0% |
| Profit (loss) for the period9904 | €-217k | €196k | €174k | €15k | €-74k | ▼ 588% |
| Transfer from tax-exempt reserves789 | €118k | - | - | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | €179k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-98k | €196k | €-6k | €15k | €-74k | ▼ 588% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €370k | €554k | €1.04M | €1.03M | €924k | ▼ 10.0% |
| Fixed assets21/28 | €131k | €209k | €976k | €876k | €794k | ▼ 9.3% |
| Intangible fixed assets21 | - | - | €149k | €111k | €74k | ▼ 33.3% |
| Tangible fixed assets22/27 | €130k | €208k | €827k | €763k | €719k | ▼ 5.8% |
| Land and buildings22 | €124k | €208k | €811k | €754k | €717k | ▼ 5.0% |
| Plant, machinery and equipment23 | - | - | €4k | €3k | €2k | ▼ 30.1% |
| Furniture and vehicles24 | €7k | - | €12k | €6k | €0 | ▼ 100% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €239k | €345k | €65k | €151k | €130k | ▼ 14.1% |
| Amounts receivable within one year40/41 | €84k | €210k | €9k | €8k | €10k | ▲ 21.9% |
| Trade receivables40 | - | €116k | - | - | €3k | - |
| Other amounts receivable41 | €84k | €94k | €9k | €8k | €7k | ▼ 18.4% |
| Cash at bank and in hand54/58 | €152k | €134k | €55k | €141k | €118k | ▼ 16.3% |
| Deferred charges and accrued income490/1 | €2k | €669 | €2k | €2k | €2k | ▼ 12.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €370k | €554k | €1.04M | €1.03M | €924k | ▼ 10.0% |
| Equity10/15 | €292k | €488k | €482k | €497k | €423k | ▼ 14.9% |
| Contributions10/11 | €97k | €97k | €97k | €97k | €97k | = |
| Capital10 | €97k | €97k | €97k | €97k | €97k | = |
| Issued capital100 | €97k | €97k | €97k | €97k | €97k | = |
| Reserves13 | €332k | €391k | €391k | €401k | €401k | = |
| Non-distributable reserves130/1 | €10k | €10k | €10k | €10k | €10k | = |
| Legal reserve130 | €10k | €10k | €10k | €10k | €10k | = |
| Distributable reserves133 | €322k | €382k | €382k | €391k | €391k | = |
| Profit (loss) carried forward14 | €-136k | - | €-6k | - | €-74k | - |
| Amounts payable17/49 | €78k | €66k | €560k | €530k | €501k | ▼ 5.4% |
| Amounts payable after more than one year17 | €1k | - | - | - | - | - |
| Financial debts170/4 | €1k | - | - | - | - | - |
| Amounts payable within one year42/48 | €77k | €66k | €560k | €530k | €501k | ▼ 5.4% |
| Current portion of amounts payable after more than one year42 | €6k | €1k | - | - | - | - |
| Trade debts44 | €1k | €1k | €6k | €4k | €4k | ▲ 15.8% |
| Suppliers440/4 | €1k | €1k | €6k | €4k | €4k | ▲ 15.8% |
| Taxes, remuneration and social security45 | €7k | €41k | €846 | €2k | €1k | ▼ 14.3% |
| Taxes450/3 | €7k | €41k | €846 | €2k | €1k | ▼ 14.3% |
| Other amounts payable47/48 | €63k | €23k | €552k | €524k | €495k | ▼ 5.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-217k | €196k | €174k | €15k | €-74k | ▼ 588% |
| + Depreciation and write-downs630 | €9k | €21k | €90k | €90k | €90k | = |
| Operating cash flow (approximation) | €-208k | €217k | €264k | €105k | €16k | ▼ 84.8% |
| Investment in fixed assets (approximation) | - | €-99k | €-857k | €11k | €-9k | ▼ 181% |
| Change in cash | - | €-18k | €-80k | €86k | €-23k | ▼ 127% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
31-12
Financial
Back to profitnet €196k
Net result €196k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Weakest financial yearnet €-217k
Net result drops to €-217k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €123k
Net result €123k after 2 loss-making years.
31-12
Financial
Equity above €500kEq €509k ▲31.8%
Equity rises from €386k to €509k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
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
Registered office, Beringen · 1 establishment unit since 1990
Ground area
321 m²
Building footprint
314 m²
Volume, LiDAR
2,928 m³
Parcel 71049B1257/00G000, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Pater Carremansstraat 24, 3583 Beringen
since 19902.046.916.764
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71049B1257/00G000 | Flanders | 321 m² | 1 · 314 m² | 13.3 m · 3 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.
Similar companies · same sector, comparable size
Capital Real Estate
BE 0680.614.158
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REVO REAL-ESTATE
BE 0843.379.960
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BUSINESS DEVELOPMENT & INVESTMENT
BE 0425.797.732
Gent · Eq €424,172
KONFIDA
BE 0566.906.305
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WSB REAL ESTATE
BE 0675.480.185
Ninove · Eq €424,518
Of 11,756 companies in sector 68310 we hold annual accounts for 6,906. 4,723 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-12-1989
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.