PAGLIACCI
ActivePAGLIACCI has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €553k and a net result of €7k. Equity is growing by ~20% per year across the filed fiscal years. Its solvency ranks better than 82% of 2935 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability60▼-16
Solvency91=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.27 against 2.36 in 2023; short-term debt: 33.9% and cash: 16.1% of total assets), and 33.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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
25 d late
2023
69 d late
2022
60 d late
2021
102 d late
2020
31 d late
2019
301 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€553k▲ 1.2%
2023 · €546k
2018: €82k
2019: €190k
2020: €323k
2021: €431k
2022: €496k
2023: €546k
2018 → 2024
Total assets
€837k▲ 1.9%
2023 · €822k
2018: €361k
2019: €405k
2020: €671k
2021: €793k
2022: €779k
2023: €822k
2018 → 2024
Net result
€7k▼ 86.7%
2023 · €51k
2018: €9k
2019: €108k
2020: €134k
2021: €108k
2022: €65k
2023: €51k
2018 → 2024
Working capital
€360k▼ 3.2%
2023 · €372k
2018: €-28k
2019: €89k
2020: €169k
2021: €253k
2022: €343k
2023: €372k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€323k-€431k▲ 33.3%€496k▲ 15.0%€546k▲ 10.2%€553k▲ 1.2%
Operating result€159k-€130k▼ 18.5%€104k▼ 19.8%€90k▼ 13.9%€24k▼ 73.6%
Net result€134k-€108k▼ 19.4%€65k▼ 40.1%€51k▼ 21.3%€7k▼ 86.7%
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 has fallen four years in a row; 2024 is 74% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €837k
Fixed assets
€193k▲ 9.7%
Current assets
€644k▼ 0.2%
Equity and liabilities €837k
Equity
€553k▲ 1.2%
Debt
€284k▲ 3.2%
The debt ratio rises from 33.5% to 33.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€57k▼
2023 · €125k
Cash flow
€40k▼
2023 · €86k
Solvency
66.1%▼
2023 · 66.5%
Current ratio
2.27▼
2023 · 2.36
Quick ratio
2.14▼
2023 · 2.26
Debt / equity
0.51▲
2023 · 0.50
ROE
1.2%▼
2023 · 9.3%
ROA
0.8%▼
2023 · 6.2%
Interest coverage
4.78▼
2023 · 10.73
Debt
€284k▲
2023 · €275k
Debt ≤ 1 year
€284k▲
2023 · €274k
Income taxes
€12k▼
2023 · €34k
Staff costs
€270k▲
2023 · €140k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€822k€837k▲
Fixed assets21/28€176k€193k▲
Tangible fixed assets22/27€164k€181k▲
Land and buildings22€14k€14k=
Plant, machinery and equipment23€9k€15k▲
Furniture and vehicles24€30k€22k▼
Other tangible fixed assets26€110k€129k▲
Financial fixed assets28€12k€12k=
Current assets29/58€645k€644k▼
Amounts receivable after more than one year29€453k€374k▼
Other amounts receivable291€453k€374k▼
Stocks and contracts in progress3€27k€36k▲
Stocks30/36€27k€36k▲
Amounts receivable within one year40/41€137k€90k▼
Trade receivables40€70k€36k▼
Other amounts receivable41€67k€54k▼
Cash at bank and in hand54/58€28k€135k▲
Deferred charges and accrued income490/1€848€9k▲
Equity and liabilities
Total equity and liabilities10/49€822k€837k▲
Equity10/15€546k€553k▲
Contributions10/11€6k€6k=
Reserves13€182k€182k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€180k€180k=
Profit (loss) carried forward14€358k€365k▲
Amounts payable17/49€275k€284k▲
Amounts payable within one year42/48€274k€284k▲
Trade debts44€130k€124k▼
Suppliers440/4€130k€124k▼
Taxes, remuneration and social security45€143k€113k▼
Taxes450/3€132k€80k▼
Remuneration and social security454/9€11k€33k▲
Other amounts payable47/48-€47k
Accrued charges and deferred income492/3€2k-
Income statement
Code20232024
Remuneration, social security and pensions62€140k€270k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€33k▼
Other operating charges640/8€12k€9k▼
Gross operating margin9900€277k€336k▲
Operating profit (loss)9901€90k€24k▼
Financial income75/76B€7k€7k▲
Recurring financial income75€7k€7k▲
Financial charges65/66B€12k€12k▲
Recurring financial charges65€12k€12k▲
Profit (loss) for the period before taxes9903€85k€19k▼
Income taxes67/77€34k€12k▼
Profit (loss) for the period9904€51k€7k▼
Profit (loss) for the period to be appropriated9905€51k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€398k€365k▼
Profit (loss) brought forward from the previous period14P€347k€358k▲
Transfer to equity691/2€40k-
To other reserves6921€40k-
Social balance
Average headcount (FTE)90877.015.8▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet €7k ▼86.7%
Net result drops to €7k, the lowest in the series.
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 69 days late
2023
31-12
Financial
Equity above €500kEq €546k ▲10.2%
6 profitable years in a row build equity to €546k.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
10-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 102 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 301 days late
28-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 637 days late
2020
31-12
Financial
Highest result since 2018net €134k ▲24.2%
Operating result €159k, net result €134k, both a record.
31-12
Financial
Equity above €200kEq €323k ▲70.5%
3 profitable years in a row build equity to €323k.
2019
31-12
Financial
Equity above €150kEq €190k ▲131%
2 profitable years in a row build equity to €190k.
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Ternat · 1 establishment unit since 2008
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.
Assesteenweg 981742 TernatGround area
1,413 m²
Building footprint
279 m²
Volume, LiDAR
1,275 m³
Parcel 23071C0326/00N000, Flanders · tallest building 9.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Pagliacci
since 20082.171.899.680
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23071C0326/00N000 | Flanders | 1,413 m² | 1 · 279 m² | 9.0 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteTernat2.171.899.680
Similar companies · same sector, comparable size
DE TWEE WIJZEN
BE 0799.669.978
Kortrijk · Eq €553k
The Lodge Oude Kantien
BE 0663.742.195
Leuven · Eq €553k
DEMO
BE 0866.303.040
Hasselt · Eq €553k
RETEP INVEST
BE 0886.988.289
Brugge · Eq €552k
STIO
BE 0453.539.336
Brussel · Eq €552k
Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 5,997 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded10-04-2008
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.