Equity
€30,799 ▼ 31.9%
PAJOFARM paid out €25,193 in dividends. That is 234% of the 2025 profit.
PAJOFARM
Lifetime
16 annual accounts with figures on one time axispeak €318,437 (2025)
€318,437▲ 8.2%
lowest -€36,085 (2020)
€10,748▲ 96.6%
peak €58,377 (2023)
€30,799▼ 31.9%
€130,698▲ 2.0%
peak 5.2 FTE (2019)
-not published
Board4 names since 2016
3 directorsWESTRANS LOGISTICS and 2 others
Documentsfilings and deeds
19-06-202642 days before the deadline
2025micro format
Result from €5,466 to €10,748Dividend €25,193Equity from €45,243 to €30,799
Key points
from the 2025 annual accountsTurnover
≈ €1.9m estimated
The micro format states no turnover.
Debts
€130,698 81% of the balance sheet
Suppliers 61%Taxes and wages 14%Other 24%
Staff
11 employees on 31-12-2025
In 2025, 1 person joined and 1 left.
Filings
16 annual accounts since 2010
The last five annual accounts were filed 31 to 47 days before the end of the period.
Board
1 left
A director left. Latest change 06-05-2026 · 2 in office.
Checked score
90
Excellent
Financially stronger than 37% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025highest value
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Equity €30,799 (19.1% of total assets)
lowers risk
Founded in 2009
Liquidity: current ratio 0.80, cash €63,028
Figures for financial year 2025 (filed on 19-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 31% of them on solvency, 60% on liquidity, 42% on profitability and 14% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,609 companies had the same profile as PAJOFARM has now. Each dot stands for 7 companies, two years later.
96.8%
were still trading
2.1%
stopped another way
1.0%
went bankrupt
That fits the bankruptcy probability of PAJOFARM itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,609 companies, not a prediction for PAJOFARM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.8 (0.9 in 2024), below 1. Short-term debt is 80.9% and cash 39% of total assets. 80.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 days early
2024
41 days early
2023
43 days early
2022
31 days early
2021
47 days early
2020
29 days early
2019
42 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 39 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Resignation: Haentjens Kathleen (director)
Director discharge: Haentjens Kathleen · General meeting of 06-05-2026 · Gazette deed
2 directors appointed
Change of role: Westrans Logistics BV, from manager to director · Appointments: HAENTJENS Kathleen Elisabeth Jan (director) and DECLERCQ Daniel Gustaaf (director) · General meeting of 21-02-2024 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0811084009
Registered office moved to Buizingen
New registered office: Emiel Derooverlaan 2 te 1501 Buizingen · General meeting of 01-04-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PAJOFARM Halle | €0.2m | €318,437 | 19.1% | - |
| AARDAPPELEN MARGO Kortrijk | €0.8m | €321,202 | 30.2% | 5.2 |
| DAVID CROQUETTES Anderlecht | €0.8m | €392,561 | 76.7% | - |
| ASPEC Zutendaal | €1.0m | €581,471 | 9.8% | - |
| DE PATAT SPECIALIST Lubbeek | €0.06m | €73,722 | -57.1% | - |
| NIJSPATAT Lubbeek | €0.4m | €56,235 | 14.2% | - |
| G.R.S. Kasterlee | €0.7m | €395,264 | 53.7% | - |
These companies have the same main activity as PAJOFARM: wholesale trade (NACE 46381). They are comparable in size and age: total assets between €59,900 and €1m, founded between 2000 and 2008.
Official details
Source: KBO- Status
- Active since 09-04-2009Normal situation
- Activity
- Wholesale tradeNACE 46381and 3 others
- Establishment unit
- 2.215.732.3961501 Halle, since 01-01-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 02-09-2023
Annual accounts 2025
- €161,497▼ 6.8%
- Employeeson 31-12-2025
- 11=
- Filing
- Filed on 19-06-2026, 42 days before the end of the filing period
Insights on PAJOFARM
PAJOFARM files the micro format. That format states no turnover. The gross margin rose from -€13,842 in 2010 to €318,437 in 2025.
The balance sheet grew most from 2015 to 2016 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PAJOFARM
- What is the company number of PAJOFARM?
- The company number of PAJOFARM is 0811.084.009. The VAT number is the same number with BE in front: BE 0811.084.009.
- Where is PAJOFARM based?
- The registered office is at Emiel Derooverlaan 2, 1501 Halle.Company details
- What does PAJOFARM do?
- According to the KBO register, the main activity is wholesale trade (NACE 46381).
- What is the legal form of PAJOFARM?
- PAJOFARM is a private limited company (BV).
- When was PAJOFARM founded?
- PAJOFARM was founded on 09-04-2009.
- Is PAJOFARM still active?
- Yes, PAJOFARM is an active enterprise in the KBO register.
- How many employees does PAJOFARM have?
- PAJOFARM had an average of 11 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of PAJOFARM?
- The turnover in financial year 2025 is ≈ €1.9m. This figure is estimated from the gross margin of €318,437 and 30 comparable companies (NACE 463). It probably lies between €1.5m and €3.6m.
- Is PAJOFARM profitable?
- In financial year 2025, PAJOFARM made a profit of €10,748.
- Where can I find the annual accounts of PAJOFARM?
- PAJOFARM filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PAJOFARM due?
- PAJOFARM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.