PAJERO
ActivePAJERO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €29k and a net result of €-12k. Equity is growing by ~41.6% per year across the filed fiscal years. Its solvency ranks better than 68% of 4355 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-97
Solvency93▲+7
Growth52▼-33
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 3.06 against 2.64 in 2023; short-term debt: 32.1% and cash: 51.4% of total assets), and 32.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
67.9%
Return on assets
-28%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-08-2025, 5 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
5 d late
2023
23 d late
2022
39 d early
2021
34 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€106k▼ 21.2%
2023 · €135k
2021: €92k
2022: €138k
2023: €135k
2021 → 2024
EBIT margin
-10.9%▼ 27.8pp
2023 · 16.9%
2021: 10.0%
2022: 15.0%
2023: 16.9%
2021 → 2024
Net result
€-12k
2023 · €17k
2021: €7k
2022: €15k
2023: €17k
2021 → 2024
Working capital
€28k▼ 29.5%
2023 · €40k
2021: €5k
2022: €24k
2023: €40k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€92k-€138k▲ 50.3%€135k▼ 2.0%€106k▼ 21.2%
Equity€9k-€24k▲ 177%€41k▲ 72.2%€29k▼ 29.2%
Operating result€9k-€21k▲ 126%€23k▲ 10.0%€-12k
Net result€7k-€15k▲ 130%€17k▲ 13.1%€-12k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €12k after €23k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €43k
Fixed assets
€663▼ 68.1%
Current assets
€42k▼ 35.0%
Equity and liabilities €43k
Equity
€29k▼ 29.2%
Debt
€14k▼ 46.8%
The debt ratio falls from 38.7% to 32.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-10k▼
2023 · €24k
Cash flow
€-11k▼
2023 · €19k
Solvency
67.9%▲
2023 · 61.3%
Current ratio
3.06▲
2023 · 2.64
Quick ratio
3.06▲
2023 · 2.64
Debt / equity
0.47▼
2023 · 0.63
ROE
-41.3%▼
2023 · 41.9%
ROA
-28.0%▼
2023 · 25.7%
Interest coverage
-33.91▼
2023 · 52.46
Debt
€14k▼
2023 · €26k
Debt ≤ 1 year
€14k▼
2023 · €24k
Income taxes
€75▼
2023 · €5k
Staff costs
€10k▲
2023 · €2k
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€67k€43k▼
Fixed assets21/28€2k€663▼
Intangible fixed assets21€964€385▼
Tangible fixed assets22/27€912€73▼
Plant, machinery and equipment23€343-
Furniture and vehicles24€569€73▼
Financial fixed assets28€205€205=
Current assets29/58€65k€42k▼
Amounts receivable within one year40/41€22k€20k▼
Trade receivables40€21k€20k▼
Other amounts receivable41€1k-
Cash at bank and in hand54/58€43k€22k▼
Deferred charges and accrued income490/1-€407
Equity and liabilities
Total equity and liabilities10/49€67k€43k▼
Equity10/15€41k€29k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€39k€27k▼
Amounts payable17/49€26k€14k▼
Amounts payable after more than one year17€1k-
Financial debts170/4€1k-
Amounts payable within one year42/48€24k€14k▼
Current portion of amounts payable after more than one year42€3k€1k▼
Trade debts44€8k-
Suppliers440/4€8k-
Taxes, remuneration and social security45€11k€9k▼
Taxes450/3€10k€9k▼
Remuneration and social security454/9€698€131▼
Other amounts payable47/48€3k€3k▼
Income statement
Code20232024
Turnover70€135k€106k▼
Goods, raw materials, services and sundry goods60/61€115k€109k▼
Remuneration, social security and pensions62€2k€10k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Other operating charges640/8€74-
Gross operating margin9900€26k€-9▼
Operating profit (loss)9901€23k€-12k▼
Financial income75/76B€10€27▲
Recurring financial income75€10€27▲
Financial charges65/66B€461€300▼
Recurring financial charges65€461€300▼
Profit (loss) for the period before taxes9903€22k€-12k▼
Income taxes67/77€5k€75▼
Profit (loss) for the period9904€17k€-12k▼
Profit (loss) for the period to be appropriated9905€17k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€27k▼
Profit (loss) brought forward from the previous period14P€22k€39k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-12
Financial
Weakest financial yearnet €-12k ▼170%
Net result drops to €-12k, the lowest in the series.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Highest result since 2021net €17k ▲13.1%
Operating result €23k, net result €17k, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Nandrin · 1 establishment unit since 2020
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 de Favence 214550 NandrinGround area
2,214 m²
Building footprint
162 m²
Volume, LiDAR
890 m³
Parcel 61043B0320/00K000, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PAJERO
since 20202.311.984.112
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61043B0320/00K000 | Wallonia | 2,214 m² | 1 · 162 m² | 7.4 m · 2 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.
Similar companies · same sector, comparable size
Hyma Group
BE 1001.714.050
Liège · Eq €29k
B-Draft
BE 0775.500.251
Nieuwerkerken (Limb.) · Eq €29k
DecoZone
BE 0693.938.097
Merchtem · Eq €29k
EPC VERHOFSTADT
BE 0768.457.259
Lochristi · Eq €29k
LE ROI NU
BE 0460.222.141
Vorst · Eq €28k
Of 1,236 companies in sector 74140 we hold annual accounts for 353. 263 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-12-2020
Fiscal year end31-12
Trade name FR
Mindsup
Activities, NACEBEL
73110Advertising agencies
74109Other professional, scientific and technical activities
74140Other specialised design activities
62020IT consultancy
62200Computer consultancy and computer facilities management
74112Other professional, scientific and technical activities
81210General cleaning of buildings
82300Organisation of conventions and trade shows
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.mindsup.be
E-mail:info@mindsup.agency