PAHEA
ActivePAHEA has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €166k and a net result of €83k. Equity is growing by ~92.2% per year across the filed fiscal years. Its solvency ranks better than 63% of 31642 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+12
Solvency94▲+13
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 2.74 against 1.98 in 2024; short-term debt: 25.2% and cash: 18.2% of total assets), and 31.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
68.8%
Return on assets
34.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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 · 5 filingsDeviation from the deadline
2025
17 d late
2024
30 d late
2023
16 d late
2022
24 d late
2021
31 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€166k▲ 74.2%
2024 · €96k
2021: €11k
2022: €28k
2023: €70k
2024: €96k
2021 → 2025
Total assets
€242k▲ 42.8%
2024 · €169k
2021: €31k
2022: €45k
2023: €155k
2024: €169k
2021 → 2025
Net result
€83k▲ 210%
2024 · €27k
2021: €8k
2022: €17k
2023: €43k
2024: €27k
2021 → 2025
Working capital
€106k▲ 128%
2024 · €47k
2021: €11k
2022: €26k
2023: €29k
2024: €47k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€28k▲ 161%€70k▲ 151%€96k▲ 37.1%€166k▲ 74.2%
Operating result€10k-€21k▲ 123%€60k▲ 178%€39k▼ 34.1%€106k▲ 170%
Net result€8k-€17k▲ 125%€43k▲ 150%€27k▼ 37.5%€83k▲ 210%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 170% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €242k
Fixed assets
€75k▼ 0.6%
Current assets
€167k▲ 77.6%
Equity and liabilities €242k
Equity
€166k▲ 74.2%
Debt
€76k▲ 2.2%
The debt ratio falls from 43.6% to 31.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€106k▲
2024 · €40k
Cash flow
€83k▲
2024 · €27k
Solvency
68.8%▲
2024 · 56.4%
Current ratio
2.74▲
2024 · 1.98
Quick ratio
2.74▲
2024 · 1.98
Debt / equity
0.45▼
2024 · 0.77
ROE
49.7%▲
2024 · 28.0%
ROA
34.2%▲
2024 · 15.8%
Interest coverage
69.90▲
2024 · 11.10
Debt
€76k▲
2024 · €74k
Debt ≤ 1 year
€61k▲
2024 · €48k
Debt > 1 year
€15k▼
2024 · €25k
Income taxes
€22k▲
2024 · €9k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€169k€242k▲
Fixed assets21/28€75k€75k▼
Tangible fixed assets22/27€437€0▼
Furniture and vehicles24€437€0▼
Financial fixed assets28€75k€75k=
Current assets29/58€94k€167k▲
Amounts receivable within one year40/41€75k€123k▲
Trade receivables40€73k€120k▲
Other amounts receivable41€2k€2k=
Cash at bank and in hand54/58€19k€44k▲
Deferred charges and accrued income490/1€90€122▲
Equity and liabilities
Total equity and liabilities10/49€169k€242k▲
Equity10/15€96k€166k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€93k€163k▲
Amounts payable17/49€74k€76k▲
Amounts payable after more than one year17€25k€15k▼
Financial debts170/4€25k€15k▼
Amounts payable within one year42/48€48k€61k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€1k€486▼
Suppliers440/4€1k€486▼
Taxes, remuneration and social security45€12k€26k▲
Taxes450/3€12k€26k▲
Other amounts payable47/48€24k€25k▲
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€542€437▼
Other operating charges640/8€647€660▲
Gross operating margin9900€40k€107k▲
Operating profit (loss)9901€39k€106k▲
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€36k€104k▲
Income taxes67/77€9k€22k▲
Profit (loss) for the period9904€27k€83k▲
Profit (loss) for the period to be appropriated9905€27k€83k▲
Appropriation of the result
Profit (loss) to be appropriated9906€93k€175k▲
Profit (loss) brought forward from the previous period14P€67k€93k▲
Profit to be distributed694/7€858€12k▲
Return on contributions (dividend)694€858€12k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
31-12
Financial
Highest result since 2021net €83k ▲210%
Operating result €106k, net result €83k, both a record.
31-12
Financial
Equity above €150kEq €166k ▲74.2%
5 profitable years in a row build equity to €166k.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
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, Charleroi · 2 establishment units since 2021
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.
Rue du Cimetière 96061 CharleroiGround area
1.5 ha
Building footprint
8,908 m²
Volume, LiDAR
70,520 m³
3 parcels, Flanders, Wallonia · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Pahea
since 20212.317.282.785
Pahea
since 20212.317.282.884
3 parcels
Flanders
1
(33.3%)
Wallonia
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52332B0504/00L000 | Wallonia | 1.4 ha | 1 · 8,756 m² | 11.5 m · 3 fl. |
| 52049C0039/00L002 | Wallonia | 1,252 m² | 1 · 39 m² | 8.7 m · 2 fl. |
| 23093F0177/00K000 | Flanders | 186 m² | 1 · 112 m² | 8.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 40,705 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-03-2021
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.