PAGGEN
ActiveSummary
PAGGEN has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €181,137 and a net result of €5,889. Equity has been growing by about 15% per year since 2018. Its solvency ranks better than 76% of 9,380 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
Source: KBO- Status
- Active since 29-09-2011 Normal situation
- Activity
- General construction of residential buildings NACE 41001
- Establishment unit
- 2.203.805.257 3790 Voeren, since 10-10-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 28-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €18,558
- ▼ 68.4%
- Turnover
- ≈ €220,000
- estimated
- Profit
- €5,889
- ▼ 83.1%
- Equity
- €181,137
- ▲ 3.4%
- Total assets
- €269,836
- ▲ 1.5%
Score breakdownraises riskSector: Construction of residential and non-residential buildings (NACE 41)lowers riskLiquidity: current ratio 3.16, cash €80,133Founded in 2011Equity €181,137 (67.1% of total assets)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 76% of them on solvency, 78% on liquidity, 30% on profitability and 43% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
Key points
Recent changes
- · Gazette deed Resignation: Samuel Paggen (director)
- · Gazette deed Appointment: Samuel Paggen (director)
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as PAGGEN: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €232,000 and €285,000, founded between 2009 and 2013.
| Company | Total assets | Gross margin |
|---|---|---|
| PAGGEN Voeren | €269,836 | €18,558 |
| Postelmans Bouw & Consulting Beringen | €258,845 | €14,487 |
| MB Bouwconstruct Pelt | €266,618 | €14,878 |
| Group Renovabel Schaarbeek | €262,723 | €17,950 |
| MIKA CONSTRUCT Ganshoren | €285,232 | €20,065 |
| PJF CONSTRUCT Schaarbeek | €231,684 | €17,356 |
| VHB PROJECTS Buggenhout | €273,410 | €17,181 |
Key facts about PAGGEN
- What is the company number of PAGGEN?
- The company number of PAGGEN is 0840.126.304. The VAT number is the same number with BE in front: BE 0840.126.304.
- Where is PAGGEN based?
- The registered office is at Bijsstraat 20, 3790 Voeren.Company details
- What does PAGGEN do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of PAGGEN?
- The legal form of PAGGEN is Private limited company (pre-2019) (BVBA).
- When was PAGGEN founded?
- PAGGEN was founded on 29-09-2011.
- Is PAGGEN still active?
- Yes, PAGGEN is an active enterprise in the KBO register.
- What is the turnover of PAGGEN?
- The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €18,558 and 266 comparable companies (NACE 41001). It probably lies between €120,000 and €410,000. It is a rough estimate.Financials
- Is PAGGEN profitable?
- In financial year 2025, PAGGEN made a profit of €5,889.
- Where can I find the annual accounts of PAGGEN?
- PAGGEN filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PAGGEN due?
- PAGGEN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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