PAGERA
ActiveSummary
PAGERA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €585,456 and a net result of -€58,172. Equity is shrinking by ~6.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
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Signals
This company filed its last 7 accounts on average 35 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 8,616 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €94,000 | €97,798 | ▲ 4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €83,999 | €92,105 | €91,339 | €71,497 | €30,671 | ▼ 57.1% |
| Other operating charges640/8 | - | €18,471 | €38,031 | €20,711 | €20,492 | ▼ 1.1% |
| Non-recurring operating charges66A | - | - | - | - | €176,835 | - |
| Gross operating margin9900 | €46,806 | €63,999 | €59,162 | €139,176 | €175,539 | ▲ 26.1% |
| Operating profit (loss)9901 | -€57,932 | -€46,577 | -€70,208 | €46,967 | -€52,459 | ▼ 212% |
| Financial income75/76B | - | €0 | €0 | €10 | €0 | ▼ 100% |
| Recurring financial income75 | - | €0 | €0 | €10 | €0 | ▼ 100% |
| Financial charges65/66B | - | €6,102 | €6,194 | €14,148 | €5,713 | ▼ 59.6% |
| Recurring financial charges65 | €6,219 | €6,102 | €6,194 | €14,148 | €5,713 | ▼ 59.6% |
| Profit (loss) for the period before taxes9903 | -€64,151 | -€52,679 | -€76,403 | €32,829 | -€58,172 | ▼ 277% |
| Income taxes67/77 | €12 | €0 | - | €2,848 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€64,163 | -€52,679 | -€76,403 | €29,981 | -€58,172 | ▼ 294% |
| Transfer from tax-exempt reserves789 | - | €37,744 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€2,300 | -€14,935 | -€76,403 | €29,981 | -€58,172 | ▼ 294% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.3m | €1.2m | €1.2m | €827,186 | ▼ 29.2% |
| Fixed assets21/28 | €1.4m | €1.3m | €1.2m | €1.2m | €493,256 | ▼ 57.2% |
| Tangible fixed assets22/27 | €1.4m | €1.3m | €1.2m | €1.2m | €492,835 | ▼ 57.2% |
| Land and buildings22 | - | €1.3m | €1.2m | €1.1m | €483,085 | ▼ 57.7% |
| Other tangible fixed assets26 | - | €15,750 | €15,750 | €9,750 | €9,750 | = |
| Financial fixed assets28 | €421 | €421 | €421 | €421 | €421 | = |
| Current assets29/58 | €14,235 | €13,291 | €4,996 | €16,640 | €333,929 | ▲ 1,907% |
| Amounts receivable within one year40/41 | €3,226 | €5,420 | €0 | €82 | €1,326 | ▲ 1,509% |
| Trade receivables40 | - | - | - | - | €670 | - |
| Other amounts receivable41 | - | €5,420 | €0 | €82 | €656 | ▲ 696% |
| Cash at bank and in hand54/58 | €7,152 | €3,671 | €390 | €11,820 | €327,782 | ▲ 2,673% |
| Deferred charges and accrued income490/1 | - | €4,200 | €4,606 | €4,738 | €4,821 | ▲ 1.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.3m | €1.2m | €1.2m | €827,186 | ▼ 29.2% |
| Equity10/15 | €742,728 | €690,049 | €613,647 | €643,628 | €585,456 | ▼ 9.0% |
| Contributions10/11 | €370,000 | €370,000 | €370,000 | €370,000 | €370,000 | = |
| Capital10 | - | €370,000 | €370,000 | €370,000 | €370,000 | = |
| Issued capital100 | - | €370,000 | €370,000 | €370,000 | €370,000 | = |
| Reserves13 | €63,993 | €26,250 | €26,250 | €56,231 | €56,231 | = |
| Non-distributable reserves130/1 | - | €26,250 | €26,250 | €27,756 | €27,756 | = |
| Legal reserve130 | - | €26,250 | €26,250 | €27,756 | €27,756 | = |
| Tax-exempt reserves132 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €28,475 | €28,475 | = |
| Profit (loss) carried forward14 | €308,735 | €293,800 | €217,397 | €217,397 | €159,225 | ▼ 26.8% |
| Amounts payable17/49 | €623,307 | €592,682 | €606,461 | €524,319 | €241,729 | ▼ 53.9% |
| Amounts payable after more than one year17 | €74,446 | €111,185 | €71,092 | €30,612 | €683 | ▼ 97.8% |
| Financial debts170/4 | - | €111,185 | €71,092 | €30,612 | €683 | ▼ 97.8% |
| Amounts payable within one year42/48 | €542,125 | €477,737 | €530,740 | €492,076 | €240,475 | ▼ 51.1% |
| Current portion of amounts payable after more than one year42 | - | €39,709 | €40,093 | €40,479 | €29,930 | ▼ 26.1% |
| Financial debts43 | - | €250,000 | €250,000 | €250,000 | €50,000 | ▼ 80.0% |
| Credit institutions430/8 | - | €250,000 | €250,000 | €250,000 | €50,000 | ▼ 80.0% |
| Trade debts44 | €89,013 | €7,898 | €17,323 | €6,257 | €689 | ▼ 89.0% |
| Suppliers440/4 | - | €7,898 | €17,323 | €6,257 | €689 | ▼ 89.0% |
| Taxes, remuneration and social security45 | - | €670 | €670 | €2,848 | €0 | ▼ 100% |
| Taxes450/3 | - | €670 | €670 | €2,848 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €179,460 | €222,654 | €192,492 | €159,857 | ▼ 17.0% |
| Accrued charges and deferred income492/3 | - | €3,760 | €4,629 | €1,631 | €572 | ▼ 65.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€64,163 | -€52,679 | -€76,403 | €29,981 | -€58,172 | ▼ 294% |
| + Depreciation and write-downs630 | €83,999 | €92,105 | €91,339 | €71,497 | €30,671 | ▼ 57.1% |
| Operating cash flow (approximation) | €19,837 | €39,427 | €14,937 | €101,478 | -€27,501 | ▼ 127% |
| Investment in fixed assets (approximation) | - | -€9,746 | -€37,010 | -€7,693 | €627,380 | ▲ 8,255% |
| Change in cash | - | -€3,481 | -€3,281 | €11,430 | €315,962 | ▲ 2,664% |
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
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31017D0310/00C000 | Flanders | 6,081 m² | 1 · 214 m² | 28.6 m · 3 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
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