PAFT
ActiveSummary
PAFT has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-39k) and a net result of €-30k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
25
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency0▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.51 against 0.64 in 2023; short-term debt: 165.8% and cash: 2.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-65.8%
Return on assets
-49.7%
Age of the figures
21 mo
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
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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-39k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
58 d late
2022
71 d late
2021
30 d late
2020
123 d late
2019
73 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-39k▼ 308%
2023 · €-10k
2018: €59k
2019: €48k
2020: €74k
2021: €55k
2022: €37k
2023: €-10k
2018 → 2024
Total assets
€60k▲ 11.4%
2023 · €54k
2018: €80k
2019: €76k
2020: €82k
2021: €70k
2022: €89k
2023: €54k
2018 → 2024
Net result
€-30k▲ 35.8%
2023 · €-46k
2018: €-7k
2019: €-11k
2020: €26k
2021: €-19k
2022: €-18k
2023: €-46k
2018 → 2024
Working capital
€-48k▼ 114%
2023 · €-23k
2018: €55k
2019: €45k
2020: €54k
2021: €25k
2022: €20k
2023: €-23k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€74k-€55k▼ 26.1%€37k▼ 32.8%€-10k€-39k▼ 308%
Operating result€27k-€-19k€-19k▼ 3.0%€-46k▼ 136%€-29k▲ 36.7%
Net result€26k-€-19k€-18k▲ 7.0%€-46k▼ 159%€-30k▲ 35.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €29k in 2024 against €46k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €60k
Fixed assets
€9k ▼ 31.1%
Current assets
€51k ▲ 24.8%
Key figures and ratios
EBITDA
€-25k▲
2023 · €-42k
Cash flow
€-26k▲
2023 · €-42k
Solvency
-65.8%▼
2023 · -17.9%
Current ratio
0.51▼
2023 · 0.64
Quick ratio
0.05▼
2023 · 0.10
Debt to equity
-2.52▲
2023 · -6.57
ROA
-49.7%▲
2023 · -86.1%
Interest coverage
-27.63▲
2023 · -51.72
Debt
€99k▲
2023 · €63k
Debt ≤ 1 year
€99k▲
2023 · €63k
Staff costs
€55▼
2023 · €95
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 · 2024 against 2023 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€54k€60k▲
Fixed assets21/28€13k€9k▼
Tangible fixed assets22/27€13k€9k▼
Furniture and vehicles24€13k€9k▼
Current assets29/58€41k€51k▲
Stocks and contracts in progress3€35k€46k▲
Stocks30/36€35k€46k▲
Amounts receivable within one year40/41€3k€968▼
Trade receivables40€561-
Other amounts receivable41€3k€968▼
Cash at bank and in hand54/58€813€1k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€54k€60k▲
Equity10/15€-10k€-39k▼
Contributions10/11€31k€31k=
Profit (loss) carried forward14€-41k€-70k▼
Amounts payable17/49€63k€99k▲
Amounts payable within one year42/48€63k€99k▲
Trade debts44€8k€5k▼
Suppliers440/4€8k€5k▼
Other amounts payable47/48€55k€95k▲
Income statement
Code20232024
Remuneration, social security and pensions62€95€55▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=
Other operating charges640/8€2k€2k▲
Gross operating margin9900€-40k€-23k▲
Operating profit (loss)9901€-46k€-29k▲
Financial income75/76B€141€65▼
Recurring financial income75€141€65▼
Financial charges65/66B€806€902▲
Recurring financial charges65€806€902▲
Profit (loss) for the period before taxes9903€-46k€-30k▲
Profit (loss) for the period9904€-46k€-30k▲
Profit (loss) for the period to be appropriated9905€-46k€-30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-46k€-70k▼
Profit (loss) brought forward from the previous period14P-€-41k
Transfer from equity791/2€6k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Weakest financial yearnet €-46k
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
01-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 123 days late
2020
31-12
Financial
Back to profitnet €26k
Net result €26k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 7.76
Current ratio from 2.63 to 7.76; short-term debt falls from €28k to €8k.
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 73 days late
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 69 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 43 days late
2016
22-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Registered office, Boechout · 1 establishment unit since 1973
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.
Provinciesteenweg 683-6872530 BoechoutGround area
3,587 m²
Building footprint
504 m²
Volume, LiDAR
3,252 m³
2 parcels, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Provinciesteenweg 687, 2530 Boechout
since 19732.008.287.406
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11004B0441/00F000 | Flanders | 3,248 m² | 1 · 401 m² | 7.0 m · 2 fl. |
| 11004B0045/00W002indicative | Flanders | 339 m² | 1 · 104 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 1,314 companies in sector 47639 we hold annual accounts for 624. 467 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 formPrivate limited company
Founded17-04-1973
Fiscal year end31-12
Activities, NACEBEL 2025
47639Retail sale of other sporting goods
47640Retail sale of games and toys
46496Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.