PAJ
ActiveSummary
PAJ has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €206k and a net result of €8k. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 94% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability52▲+19
Solvency100=
Growth68▲+18
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 3.15 against 2.75 in 2023; short-term debt: 9.8% and cash: 22.8% of total assets), and 10% of the assets are financed with debt.
Credit check 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
35 d early
2022
47 d early
2021
40 d early
2020
59 d early
2019
40 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€411k▲ 6.0%
2023 · €388k
EBIT margin
3.0%▲ 3.2pp
2023 · -0.1%
Net result
€8k
2023 · €-4k
Working capital
€48k▲ 15.1%
2023 · €42k
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
Turnover€401k▲ 20.6%€424k▲ 5.5%€395k▼ 6.7%€388k▼ 1.9%€411k▲ 6.0%
Operating result€44k▲ 334%€7k▼ 84.5%€14k▲ 110%€-557€12k
Net result€37k▲ 722%€3k▼ 91.1%€11k▲ 222%€-4k€8k
EBIT margin10.9%▲ 7.8pp1.6%▼ 9.3pp3.6%▲ 2.0pp-0.1%▼ 3.7pp3.0%▲ 3.2pp
Equity€188k▲ 24.3%€192k▲ 1.7%€202k▲ 5.5%€198k▼ 2.1%€206k▲ 4.0%
Total assets€227k▼ 5.4%€233k▲ 2.4%€230k▼ 1.4%€223k▼ 2.9%€229k▲ 2.6%
Debt€39k▼ 56.0%€41k▲ 5.7%€27k▼ 33.5%€25k▼ 8.6%€23k▼ 8.6%
Working capital€31k€34k▲ 10.7%€45k▲ 31.3%€42k▼ 6.8%€48k▲ 15.1%
Staff (FTE)0.41▲ 150%1=1=1=
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €12k after a loss of €557 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €228k
Fixed assets
€157k =
Current assets
€70k ▲ 7.3%
Equity and liabilities €229k
Equity
€206k ▲ 4.0%
Debt
€23k ▼ 8.6%
Debt's share of the balance-sheet total falls from 11.2% to 10.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13k
Cash flow
€8k
Current ratio
3.15▲
2023 · 2.75
Quick ratio
2.47▲
2023 · 2.28
Debt to equity
0.11▼
2023 · 0.13
ROE
3.8%▲
2023 · -2.1%
ROA
3.5%▲
2023 · -1.9%
Interest coverage
4.65
Debt ≤ 1 year
€22k▼
2023 · €24k
Income taxes
€2k▲
2023 · €2k
Staff costs
€12k▼
2023 · €13k
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 |
|---|---|---|---|---|---|---|
| Turnover70 | €401k | €424k | €395k | €388k | €411k | ▲ 6.0% |
| Non-recurring operating income76A | - | €0 | €0 | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €404k | €418k | - | €442k | - |
| Remuneration, social security and pensions62 | - | €12k | €12k | €13k | €12k | ▼ 8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €404 | €0 | - | - | €246 | - |
| Other operating charges640/8 | - | €681 | €3k | €2k | €2k | ▲ 32.5% |
| Non-recurring operating charges66A | - | €0 | €0 | €0 | - | - |
| Gross operating margin9900 | €54k | €19k | €29k | €14k | €27k | ▲ 90.0% |
| Operating profit (loss)9901 | €44k | €7k | €14k | €-557 | €12k | ▲ 2,337% |
| Financial income75/76B | - | €69 | €0 | €178 | €128 | ▼ 27.9% |
| Recurring financial income75 | €48 | €69 | €0 | €178 | €128 | ▼ 27.9% |
| Non-recurring financial income76B | - | €0 | €0 | €0 | - | - |
| Financial charges65/66B | - | €2k | €3k | €2k | €3k | ▲ 17.3% |
| Recurring financial charges65 | €2k | €2k | €3k | €2k | €3k | ▲ 17.3% |
| Non-recurring financial charges66B | - | €0 | €0 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €41k | €4k | €12k | €-3k | €10k | ▲ 464% |
| Income taxes67/77 | €4k | €1k | €914 | €2k | €2k | ▲ 25.0% |
| Profit (loss) for the period9904 | €37k | €3k | €11k | €-4k | €8k | ▲ 286% |
| Profit (loss) for the period to be appropriated9905 | €37k | €3k | €11k | €-4k | €8k | ▲ 286% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €227k | €233k | €230k | €223k | €229k | ▲ 2.6% |
| Formation expenses20 | - | - | €0 | €0 | €982 | - |
| Fixed assets21/28 | €158k | €158k | €157k | €157k | €157k | = |
| Intangible fixed assets21 | €156k | €156k | €156k | €156k | €156k | = |
| Tangible fixed assets22/27 | - | - | €0 | €0 | €0 | - |
| Plant, machinery and equipment23 | - | €0 | €0 | €0 | €0 | - |
| Furniture and vehicles24 | - | €0 | €0 | €0 | €0 | - |
| Leasing and similar rights25 | - | - | €0 | €0 | - | - |
| Other tangible fixed assets26 | - | €0 | €0 | €0 | €0 | - |
| Assets under construction and advance payments27 | - | - | €0 | €0 | - | - |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €70k | €75k | €72k | €66k | €70k | ▲ 7.3% |
| Stocks and contracts in progress3 | €10k | €11k | €10k | €11k | €15k | ▲ 35.5% |
| Stocks30/36 | - | €11k | €10k | €11k | €15k | ▲ 35.5% |
| Amounts receivable within one year40/41 | €3k | €5k | €1k | €8k | €2k | ▼ 79.9% |
| Trade receivables40 | - | €4k | €1k | €5k | - | - |
| Other amounts receivable41 | - | €1k | €166 | €3k | €2k | ▼ 49.6% |
| Cash at bank and in hand54/58 | €56k | €59k | €61k | €46k | €52k | ▲ 13.5% |
| Deferred charges and accrued income490/1 | - | €75 | €0 | €126 | €1k | ▲ 968% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €227k | €233k | €230k | €223k | €229k | ▲ 2.6% |
| Equity10/15 | €188k | €192k | €202k | €198k | €206k | ▲ 4.0% |
| Contributions10/11 | €0 | €19k | €19k | €19k | €19k | = |
| Issued capital100 | - | €0 | - | - | - | - |
| Outside capital11 | - | €19k | - | - | - | - |
| Share premium1100/10 | - | €19k | - | - | - | - |
| Reserves13 | €170k | €173k | €184k | €179k | €187k | ▲ 4.4% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Other1319 | - | €2k | - | - | - | - |
| Tax-exempt reserves132 | - | €8k | €8k | €8k | €8k | = |
| Distributable reserves133 | - | €163k | €174k | €170k | €178k | ▲ 4.7% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | - | - |
| Amounts payable17/49 | €39k | €41k | €27k | €25k | €23k | ▼ 8.6% |
| Amounts payable after more than one year17 | - | - | €0 | €0 | - | - |
| Financial debts170/4 | - | - | €0 | €0 | - | - |
| Amounts payable within one year42/48 | €39k | €41k | €27k | €24k | €22k | ▼ 6.4% |
| Current portion of amounts payable after more than one year42 | - | €0 | €0 | €0 | - | - |
| Financial debts43 | - | - | €0 | €0 | - | - |
| Credit institutions430/8 | - | €0 | €0 | €0 | - | - |
| Trade debts44 | €10k | €19k | €15k | €18k | €20k | ▲ 8.9% |
| Suppliers440/4 | - | €19k | €15k | €18k | €20k | ▲ 8.9% |
| Taxes, remuneration and social security45 | - | €2k | €2k | €2k | €95 | ▼ 94.0% |
| Taxes450/3 | - | €491 | €151 | €0 | - | - |
| Remuneration and social security454/9 | - | €2k | €2k | €2k | €95 | ▼ 94.0% |
| Other amounts payable47/48 | - | €20k | €10k | €4k | €2k | ▼ 44.4% |
| Accrued charges and deferred income492/3 | - | - | - | €1k | €571 | ▼ 53.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €3k | €11k | €-4k | €8k | ▲ 286% |
| + Depreciation and write-downs630 | €404 | €0 | - | - | €246 | - |
| Operating cash flow (approximation) | €37k | €3k | €11k | €-4k | €8k | ▲ 292% |
| Investment in fixed assets (approximation) | - | €0 | €75 | €0 | €-246 | - |
| Change in cash | - | €3k | €2k | €-15k | €6k | ▲ 142% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
31-12
Financial
Equity above €200kEq €206k ▲4%
Equity rises from €198k to €206k.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €202k ▲5.5%
5 profitable years in a row build equity to €202k.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €37k ▲722%
Operating result €44k, net result €37k, both a record.
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 40 days late
2019
31-12
Financial
Equity above €150kEq €152k ▲3%
2 profitable years in a row build equity to €152k.
Show earlier events
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
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.
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Directors · office · real estate
Directors
5 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, Mons · 1 establishment unit since 2005
Ground area
3.5 ha
Building footprint
1.2 ha
Volume, LiDAR
73,471 m³
Parcel 53402A0190/00M000, Wallonia · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
LIBRAIRIE PAJ
since 20052.144.166.588
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53402A0190/00M000 | Wallonia | 3.5 ha | 1 · 1.2 ha | 11.0 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMons2.144.166.588
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Of 2,342 companies in sector 47621 we hold annual accounts for 1,244. 1,015 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-12-2004
Fiscal year end31-12
Activities, NACEBEL 2025
47621Retail sale of newspapers and periodicals
47252Retail sale of beverages, general range
47260Retail trade
47770Retail sale of watches and jewellery
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.