PAIR-EVENT
Open bankruptcySummary
A bankruptcy procedure is open for PAIR-EVENT according to publications in the Belgian State Gazette. The 2024 annual accounts show negative equity (-€488,647) and a net result of -€35,881.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Liège, Liège division
- Declared bankrupt
- 2 June 2025
- Supervising judge
- Yves Drapier
- Official Gazette
- 10-06-2025 (pdf) ↗search the document for 2025/124371
Curators
- Charlotte MuschRue Des Ecoliers 3, 4020 Liege 2c.musch@avocat.be
- Francois AncionRue Des Ecoliers 3, 4020 Liege 2f.ancion@avocat.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
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Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 -€488,647
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-04-2025, 93 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
93 d early
2023
10 d late
2022
10 d late
2021
19 d late
2020
5 d late
2019
3 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Rental and leasing activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€35,881▲ 62.6%
2023 · -€96,064
Working capital
-€494,218▼ 6.6%
2023 · -€463,446
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€192,863▲ 135%€30,005▼ 84.4%-€6,996-€13,100▼ 87.3%€15,813
Net result€42,564▼ 30.8%€19,216▼ 54.9%-€43,813-€96,064▼ 119%-€35,881▲ 62.6%
Equity-€332,105▲ 11.4%-€312,889▲ 5.8%-€356,702▼ 14.0%-€452,765▼ 26.9%-€488,647▼ 7.9%
Total assets€38,211▼ 77.8%€70,313▲ 84.0%€67,119▼ 4.5%€51,481▼ 23.3%€57,565▲ 11.8%
Debt€370,316▼ 32.2%€383,202▲ 3.5%€423,821▲ 10.6%€504,246▲ 19.0%€546,211▲ 8.3%
Working capital-€336,525▲ 35.5%-€315,799▲ 6.2%-€370,217▼ 17.2%-€463,446▼ 25.2%-€494,218▼ 6.6%
Staff (FTE)0.91▲ 11.1%1=1=1=
Why a figure moved sharply
- 2020 Total assets -78% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €15,813 after a loss of €13,100 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €57,565
Fixed assets
€5,687 ▼ 46.8%
Current assets
€51,878 ▲ 27.2%
Key figures and ratios
EBITDA
€20,808▲
2023 · -€10,210
Cash flow
-€30,887▲
2023 · -€93,174
Solvency
-848.9%▲
2023 · -879.5%
Current ratio
0.09▲
2023 · 0.08
Debt to equity
-1.12▼
2023 · -1.11
ROA
-62.3%▲
2023 · -186.6%
Interest coverage
0.39▲
2023 · -0.77
Debt ≤ 1 year
€546,096▲
2023 · €504,246
Staff costs
€46,782▼
2023 · €48,699
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €36,114 | €51,206 | €48,699 | €46,782 | ▼ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,270 | €1,455 | €5,488 | €2,890 | €4,994 | ▲ 72.8% |
| Other operating charges640/8 | - | €177 | €3,819 | €239 | €23,019 | ▲ 9,529% |
| Non-recurring operating charges66A | - | - | €30 | - | - | - |
| Gross operating margin9900 | €225,196 | €67,751 | €53,548 | €38,728 | €90,609 | ▲ 134% |
| Operating profit (loss)9901 | €192,863 | €30,005 | -€6,996 | -€13,100 | €15,813 | ▲ 221% |
| Financial income75/76B | - | €1,099 | €725 | €1,439 | €1,508 | ▲ 4.8% |
| Recurring financial income75 | - | €1,099 | €725 | €1,439 | €1,508 | ▲ 4.8% |
| Financial charges65/66B | - | €11,888 | €13,177 | €13,281 | €53,203 | ▲ 301% |
| Recurring financial charges65 | €11,259 | €11,833 | €13,177 | €13,281 | €53,203 | ▲ 301% |
| Non-recurring financial charges66B | - | €55 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €42,564 | €19,216 | -€19,447 | -€24,942 | -€35,881 | ▼ 43.9% |
| Income taxes67/77 | - | - | €24,365 | €71,122 | - | - |
| Profit (loss) for the period9904 | €42,564 | €19,216 | -€43,813 | -€96,064 | -€35,881 | ▲ 62.6% |
| Profit (loss) for the period to be appropriated9905 | €42,564 | €19,216 | -€43,813 | -€96,064 | -€35,881 | ▲ 62.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38,211 | €70,313 | €67,119 | €51,481 | €57,565 | ▲ 11.8% |
| Fixed assets21/28 | €4,419 | €2,910 | €13,571 | €10,681 | €5,687 | ▼ 46.8% |
| Tangible fixed assets22/27 | €4,419 | €2,910 | €13,571 | €10,681 | €5,687 | ▼ 46.8% |
| Furniture and vehicles24 | - | €2,910 | €13,571 | €10,681 | €5,687 | ▼ 46.8% |
| Current assets29/58 | €33,792 | €67,403 | €53,548 | €40,800 | €51,878 | ▲ 27.2% |
| Amounts receivable within one year40/41 | €22,177 | €45,478 | €44,119 | €37,254 | €40,431 | ▲ 8.5% |
| Trade receivables40 | - | €9,267 | €10,623 | €7,090 | €8,759 | ▲ 23.5% |
| Other amounts receivable41 | - | €36,211 | €33,496 | €30,164 | €31,672 | ▲ 5.0% |
| Cash at bank and in hand54/58 | €11,615 | €21,925 | €9,429 | €3,546 | €11,447 | ▲ 223% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38,211 | €70,313 | €67,119 | €51,481 | €57,565 | ▲ 11.8% |
| Equity10/15 | -€332,105 | -€312,889 | -€356,702 | -€452,765 | -€488,647 | ▼ 7.9% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Profit (loss) carried forward14 | -€394,105 | -€374,889 | -€418,702 | -€514,765 | -€550,647 | ▼ 7.0% |
| Amounts payable17/49 | €370,316 | €383,202 | €423,821 | €504,246 | €546,211 | ▲ 8.3% |
| Amounts payable within one year42/48 | €370,316 | €383,202 | €423,765 | €504,246 | €546,096 | ▲ 8.3% |
| Trade debts44 | €1,315 | €1,720 | €395 | €645 | €181 | ▼ 72.0% |
| Suppliers440/4 | - | €1,720 | €395 | €645 | €181 | ▼ 72.0% |
| Taxes, remuneration and social security45 | - | €136,793 | €171,572 | €239,276 | €261,504 | ▲ 9.3% |
| Taxes450/3 | - | €130,305 | €161,638 | €228,561 | €250,524 | ▲ 9.6% |
| Remuneration and social security454/9 | - | €6,488 | €9,934 | €10,715 | €10,981 | ▲ 2.5% |
| Other amounts payable47/48 | - | €244,688 | €251,798 | €264,325 | €284,411 | ▲ 7.6% |
| Accrued charges and deferred income492/3 | - | - | €56 | - | €115 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,564 | €19,216 | -€43,813 | -€96,064 | -€35,881 | ▲ 62.6% |
| + Depreciation and write-downs630 | €3,270 | €1,455 | €5,488 | €2,890 | €4,994 | ▲ 72.8% |
| Operating cash flow (approximation) | €45,833 | €20,671 | -€38,324 | -€93,174 | -€30,887 | ▲ 66.9% |
| Investment in fixed assets (approximation) | - | €55 | -€16,150 | €0 | €0 | - |
| Change in cash | - | €10,310 | -€12,496 | -€5,883 | €7,901 | ▲ 234% |
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
2025
10-06
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 02-06-2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
10-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 10 days late
2023
31-12
Financial
Weakest financial yearnet -€96,064
Net result drops to -€96,064, the lowest in the series.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 10 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2021
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 5 days late
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 3 days late
2019
31-12
Financial
Highest result since 2018net €61,507 ▲347%
Net result €61,507, the highest in the series.
10-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 10 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
11-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 11 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Chaudfontaine · 1 establishment unit since 2008
Ground area
4,772 m²
Building footprint
339 m²
Volume, LiDAR
2,194 m³
Parcel 62012E0027/00Z002, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
18
companies at this address
See who is registered here
1 establishment unit
PAIR-EVENT
since 20082.176.255.970
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62012E0027/00Z002 | Wallonia | 4,772 m² | 1 · 339 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | CHARLOTTE MUSCH RUE DES ECOLIERS 3,
4020 LIEGE 2 |
02-06-2025 → present |
| Curator | FRANCOIS ANCION RUE DES
ECOLIERS 3, 4020 LIEGE 2 |
02-06-2025 → present |
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Of 108 companies in sector 77350 we hold annual accounts for 70. 8 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
77350Rental and leasing activities
46646Wholesale trade
51100Air transport
52230Warehousing and support activities for transportation
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.