PAK
ActiveSummary
The computed 12-month bankruptcy probability of PAK is 2.1% (moderate). The 2024 annual accounts show equity of €28,612 and a net result of €2,810. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 6,728 sector peers (NACE 49, fiscal year 2024). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
- Equity
- €28,612
- Profit
- €2,810
Why 55- 1 change of registered office in 24 months- Figures for FY 2024 (filed 10-08-2025)- Size: turnover €21,422, total assets €29,241+ Founded in 1994Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 49, micro): better than 92% on solvency, 77% on liquidity, 77% on profitability and 36% on growth.
The bankruptcy probability was computed on 07-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 27 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
- Resignation: Bestandji Abdeldjalil (director)State Gazette act
- Annual accounts filedfiscal year 2024 · micro…
- Liquidity quadruplescurrent ratio 15.78
Financials · fiscal year 2024, micro schema
2020 to 2024, 5 fiscal years 2018 to 2024, 7 fiscal years
The operating result has fallen three years in a row; 2024 is 1% below 2023 and is the lowest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 31,372 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,471 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,372 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €41,280 | €35,455 | €20,749 | €18,927 | €19,092 | €27,158 | €21,422 | ▼ 21.1% |
| Non-recurring operating income76A | - | - | - | €13,250 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €22,866 | €15,524 | €22,843 | €16,041 | ▼ 29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,169 | €5,169 | €5,169 | - | - | - | €1,853 | - |
| Other operating charges640/8 | - | - | - | - | - | €1,316 | €559 | ▼ 57.6% |
| Gross operating margin9900 | €4,726 | €3,950 | €10,472 | €9,311 | €3,042 | €4,314 | €5,380 | ▲ 24.7% |
| Operating profit (loss)9901 | -€1,627 | -€1,618 | €4,172 | €9,311 | €3,042 | €2,998 | €2,969 | ▼ 1.0% |
| Financial charges65/66B | - | - | - | €141 | €153 | €153 | €159 | ▲ 3.9% |
| Recurring financial charges65 | €363 | €129 | €209 | €141 | €153 | €153 | €159 | ▲ 3.9% |
| Profit (loss) for the period before taxes9903 | -€1,990 | -€1,747 | €3,963 | €9,170 | €2,889 | €2,844 | €2,810 | ▼ 1.2% |
| Income taxes67/77 | €1,916 | - | €17 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€3,906 | -€1,747 | €3,946 | €9,170 | €2,889 | €2,844 | €2,810 | ▼ 1.2% |
| Profit (loss) for the period to be appropriated9905 | -€3,906 | -€1,747 | €3,946 | €9,170 | €2,889 | €2,844 | €2,810 | ▼ 1.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €23,355 | €22,221 | €17,725 | €23,887 | €25,396 | €33,242 | €29,241 | ▼ 12.0% |
| Fixed assets21/28 | €10,538 | €5,369 | €200 | €200 | €200 | €200 | €19,314 | ▲ 9,557% |
| Tangible fixed assets22/27 | €10,338 | €5,169 | - | - | - | - | €19,114 | - |
| Furniture and vehicles24 | - | - | - | - | - | - | €19,114 | - |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €12,817 | €16,851 | €17,525 | €23,687 | €25,196 | €33,042 | €9,927 | ▼ 70.0% |
| Amounts receivable within one year40/41 | €3,788 | €15,618 | €12,444 | €12,516 | €10,035 | €22,023 | €5,148 | ▼ 76.6% |
| Trade receivables40 | - | - | - | - | - | €9,406 | - | - |
| Other amounts receivable41 | - | - | - | €12,516 | €10,035 | €12,617 | €5,148 | ▼ 59.2% |
| Cash at bank and in hand54/58 | €8,077 | €1,233 | €5,081 | €11,171 | €15,161 | €11,019 | €4,779 | ▼ 56.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €23,355 | €22,221 | €17,725 | €23,887 | €25,396 | €33,242 | €29,241 | ▼ 12.0% |
| Equity10/15 | €8,699 | €6,952 | €10,898 | €20,068 | €22,957 | €25,802 | €28,612 | ▲ 10.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - | - | - |
| Outside capital11 | - | - | - | - | €18,600 | €18,600 | €18,600 | = |
| Share premium1100/10 | - | - | - | - | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€9,901 | -€11,648 | -€7,702 | €1,468 | €4,357 | €7,202 | €10,012 | ▲ 39.0% |
| Amounts payable17/49 | €14,656 | €15,268 | €6,828 | €3,818 | €2,439 | €7,440 | €629 | ▼ 91.5% |
| Amounts payable after more than one year17 | €9,422 | €9,422 | €5,652 | €1,882 | - | - | - | - |
| Financial debts170/4 | - | - | - | €1,882 | - | - | - | - |
| Amounts payable within one year42/48 | €5,234 | €5,846 | €1,175 | €1,936 | €2,439 | €7,440 | €629 | ▼ 91.5% |
| Trade debts44 | €1,455 | €5,819 | €1,134 | €544 | €2,182 | €5,553 | €602 | ▼ 89.2% |
| Suppliers440/4 | - | - | - | €544 | €2,182 | €5,553 | €602 | ▼ 89.2% |
| Taxes, remuneration and social security45 | - | - | - | €1,162 | €27 | €1,657 | €27 | ▼ 98.4% |
| Taxes450/3 | - | - | - | €1,162 | €27 | €1,657 | - | - |
| Remuneration and social security454/9 | - | - | - | - | - | - | €27 | - |
| Other amounts payable47/48 | - | - | - | €230 | €230 | €230 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,906 | -€1,747 | €3,946 | €9,170 | €2,889 | €2,844 | €2,810 | ▼ 1.2% |
| + Depreciation and write-downs630 | €5,169 | €5,169 | €5,169 | - | - | - | €1,853 | - |
| Operating cash flow (approximation) | €1,263 | €3,423 | €9,115 | €9,170 | €2,889 | €2,844 | €4,662 | ▲ 63.9% |
| Investment in fixed assets (approximation) | - | -€0 | €0 | €0 | €0 | €0 | -€20,966 | - |
| Change in cash | - | -€6,844 | €3,848 | €6,089 | €3,991 | -€4,142 | -€6,240 | ▼ 50.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Bestandji Abdeldjalil |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
23-07
State Gazette act
Resignation: Bestandji Abdeldjalil (director)3 facts ▸
- General meeting, 14-07-2026
- Director resignation, Bestandji Abdeldjalil (director)
- Director in office, Bestandji Raouf (director)
Show earlier events
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 7 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818E0097/00G002 | Brussels | 447 m² | 1 · 208 m² | 17.1 m · 5 fl. |
| 21524C0072/00B002 | Brussels | 284 m² | 1 · 215 m² | 20.2 m · 4 fl. |