PAK
Open bankruptcyFinancials · financial year 2024, micro format
Annual accounts 2024 filed on 23-06-2025 PDF all 23 filings
Turnover
≈ €800,000
Estimated: probably between €560,000 and €1.2m
Total assets
€410,197▲ 72.8%
2023 · €237,340
Net result
€3,584▼ 95.5%
2023 · €80,436
Working capital
€44,612▲ 36.4%
2023 · €32,696
Trend over the years
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
The operating result for 2024 is 83% lower than in 2023.
Operating result€16,156
2024
Net result€3,584
2024
Total assets€410,197
2024
Equity€64,915
2024
Debt€345,282
2024
Working capital€44,612
2024
Return on assets (ROA)0.9%
2024
Solvency15.8%
2024
Current ratio1.14
2024
Staff (FTE)1
2024
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result-€52,457-€60,044-€80,715€6,578€95,906▲ 15×€16,156▼ 83.2%
Net result-€56,373-€57,459above the sector's middle half-€82,605below the sector's middle half€5,704within the sector's middle half€80,436above the sector's middle half▲ 14×€3,584within the sector's middle half▼ 95.5%
Equity€20,962-€78,422within the sector's middle half▲ 274%-€4,184below the sector's middle half€1,520below the sector's middle half€61,452within the sector's middle half▲ 40×€64,915within the sector's middle half▲ 5.6%
Total assets€82,762-€159,678within the sector's middle half▲ 92.9%€57,406below the sector's middle half▼ 64.0%€105,429within the sector's middle half▲ 83.7%€237,340within the sector's middle half▲ 125%€410,197above the sector's middle half▲ 72.8%
Debt€61,800-€81,257▲ 31.5%€61,590▼ 24.2%€103,909▲ 68.7%€175,888▲ 69.3%€345,282▲ 96.3%
Working capital-€13,037-€60,676within the sector's middle half-€11,674below the sector's middle half-€17,230below the sector's middle half▼ 47.6%€32,696within the sector's middle half€44,612within the sector's middle half▲ 36.4%
Solvency25.3%-49.1%within the sector's middle half▲ 23.8pp-7.3%below the sector's middle half▼ 56.4pp1.4%below the sector's middle half▲ 8.7pp25.9%within the sector's middle half▲ 24.5pp15.8%within the sector's middle half▼ 10.1pp
Current ratio0.79-1.75within the sector's middle half▲ 0.960.81below the sector's middle half▼ 0.940.81below the sector's middle half=1.22within the sector's middle half▲ 0.411.14within the sector's middle half▼ 0.08
Return on assets (ROA)-68.1%-36.0%above the sector's middle half▲ 104.1pp-143.9%below the sector's middle half▼ 179.9pp5.4%within the sector's middle half▲ 149.3pp33.9%above the sector's middle half▲ 28.5pp0.9%within the sector's middle half▼ 33.0pp
Staff (FTE)0.52.1▲ 320%1▼ 52.4%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €410,197
Fixed assets
€39,288 ▼ 30.2%
Current assets
€370,909 ▲ 105%
Equity and liabilities €410,197
Equity
€64,915 ▲ 5.6%
Debt
€345,282 ▲ 96.3%
Debt's share of the balance-sheet total rises from 74.1% to 84.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33,150▼
2023 · €112,347
Cash flow
€20,578▼
2023 · €96,877
Quick ratio
0.80▼
2023 · 0.95
Debt to equity
5.32▲
2023 · 2.86
ROE
5.5%▼
2023 · 130.9%
Interest coverage
5.47▼
2023 · 16.70
Debt ≤ 1 year
€326,297▲
2023 · €148,363
Debt > 1 year
€18,985▼
2023 · €27,526
Income taxes
€6,573▼
2023 · €8,748
Staff costs
€29,542▲
2023 · €11,693
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 2 | 2 |
| full-time | - | - | 1 |
| part-time | 1 | 2 | 1 |
| in full-time equivalents | 0.3 | 0.7 | 1.3 |
| Average over the year, in full-time equivalents | 0.2 | 0.7 | 0.8 |
| On a permanent contract | 1 | 1 | 1 |
| Joined | 1 | 4 | 1 |
| Left | 0 | 3 | 1 |
Source: social balance sheet in the 2022 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | - | €35,881 | €34,999 | - |
| Intangible fixed assets | - | - | €5,000 | - |
| Financial fixed assets | - | €150 | - | - |
| Depreciation and write-downs of the year | €10,255 | €6,597 | €16,441 | €16,994 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €2,709 | €11,693 | €29,542 | ▲ 153% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,255 | €10,255 | €10,255 | €6,597 | €16,441 | €16,994 | ▲ 3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €6,958 | - | - |
| Other operating charges640/8 | - | - | €42,392 | €51,726 | €488 | €1,521 | ▲ 212% |
| Non-recurring operating charges66A | - | - | €1,702 | - | - | €9,910 | - |
| Gross operating margin9900 | -€30,700 | €75,629 | -€26,366 | €67,610 | €131,487 | €74,123 | ▼ 43.6% |
| Operating profit (loss)9901 | -€52,457 | €60,044 | -€80,715 | €6,578 | €95,906 | €16,156 | ▼ 83.2% |
| Financial income75/76B | - | - | €64 | €62 | €7 | €58 | ▲ 785% |
| Recurring financial income75 | €28 | €0 | €64 | €62 | €7 | €58 | ▲ 785% |
| Financial charges65/66B | - | - | €1,480 | €936 | €6,729 | €6,057 | ▼ 10.0% |
| Recurring financial charges65 | €3,664 | €764 | €1,480 | €936 | €6,729 | €6,057 | ▼ 10.0% |
| Profit (loss) for the period before taxes9903 | -€56,092 | €59,281 | -€82,131 | €5,704 | €89,184 | €10,157 | ▼ 88.6% |
| Income taxes67/77 | €281 | €1,821 | €474 | - | €8,748 | €6,573 | ▼ 24.9% |
| Profit (loss) for the period9904 | -€56,373 | €57,459 | -€82,605 | €5,704 | €80,436 | €3,584 | ▼ 95.5% |
| Profit (loss) for the period to be appropriated9905 | -€56,373 | €57,459 | -€82,605 | €5,704 | €80,436 | €3,584 | ▼ 95.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €82,762 | €159,678 | €57,406 | €105,429 | €237,340 | €410,197 | ▲ 72.8% |
| Fixed assets21/28 | €34,000 | €17,745 | €7,491 | €32,724 | €56,282 | €39,288 | ▼ 30.2% |
| Intangible fixed assets21 | - | - | - | - | €4,625 | €4,125 | ▼ 10.8% |
| Tangible fixed assets22/27 | €27,876 | €17,621 | €7,367 | €32,450 | €51,383 | €34,889 | ▼ 32.1% |
| Land and buildings22 | - | - | €522 | €348 | €174 | - | - |
| Furniture and vehicles24 | - | - | €6,845 | €32,102 | €51,209 | €34,889 | ▼ 31.9% |
| Financial fixed assets28 | €6,124 | €124 | €124 | €274 | €274 | €274 | = |
| Current assets29/58 | €48,763 | €141,933 | €49,915 | €72,704 | €181,058 | €370,909 | ▲ 105% |
| Stocks and contracts in progress3 | €20,200 | €4,103 | €6,543 | €19,137 | €39,730 | €110,841 | ▲ 179% |
| Stocks30/36 | - | - | €6,543 | €19,137 | €39,730 | €110,841 | ▲ 179% |
| Amounts receivable within one year40/41 | €10,707 | €86,479 | €20,704 | €27,575 | €83,022 | €202,735 | ▲ 144% |
| Trade receivables40 | - | - | €5,848 | €10,167 | €60,862 | €191,508 | ▲ 215% |
| Other amounts receivable41 | - | - | €14,856 | €17,408 | €22,160 | €11,227 | ▼ 49.3% |
| Cash at bank and in hand54/58 | €7,798 | €36,044 | €22,668 | €25,993 | €58,306 | €57,333 | ▼ 1.7% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €82,762 | €159,678 | €57,406 | €105,429 | €237,340 | €410,197 | ▲ 72.8% |
| Equity10/15 | €20,962 | €78,422 | -€4,184 | €1,520 | €61,452 | €64,915 | ▲ 5.6% |
| Contributions10/11 | €6,197 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Contributions outside capital11 | - | - | €6,197 | - | - | - | - |
| Other1109/19 | - | - | €6,197 | - | - | - | - |
| Reserves13 | €14,765 | €72,224 | €72,224 | €72,224 | €72,224 | €72,224 | = |
| Distributable reserves133 | - | - | €72,224 | €72,224 | €72,224 | €72,224 | = |
| Profit (loss) carried forward14 | - | - | -€82,605 | -€76,902 | -€16,969 | -€13,507 | ▲ 20.4% |
| Amounts payable17/49 | €61,800 | €81,257 | €61,590 | €103,909 | €175,888 | €345,282 | ▲ 96.3% |
| Amounts payable after more than one year17 | - | - | - | €13,975 | €27,526 | €18,985 | ▼ 31.0% |
| Financial debts170/4 | - | - | - | €13,975 | €27,526 | €18,985 | ▼ 31.0% |
| Amounts payable within one year42/48 | €61,800 | €81,257 | €61,590 | €89,934 | €148,363 | €326,297 | ▲ 120% |
| Current portion of amounts payable after more than one year42 | - | - | €8,687 | €6,025 | €7,954 | €8,540 | ▲ 7.4% |
| Financial debts43 | - | - | €105 | €1,679 | €0 | - | - |
| Credit institutions430/8 | - | - | €105 | €1,679 | €0 | - | - |
| Trade debts44 | - | - | €35,014 | €20,452 | €39,035 | €227,324 | ▲ 482% |
| Suppliers440/4 | - | - | €35,014 | €20,452 | €39,035 | €227,324 | ▲ 482% |
| Taxes, remuneration and social security45 | - | - | €2,657 | €4,396 | €17,641 | €31,852 | ▲ 80.6% |
| Taxes450/3 | - | - | €2,657 | €3,836 | €8,846 | €19,114 | ▲ 116% |
| Remuneration and social security454/9 | - | - | - | €561 | €8,796 | €12,739 | ▲ 44.8% |
| Other amounts payable47/48 | - | - | €15,126 | €57,382 | €83,732 | €58,580 | ▼ 30.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€56,373 | €57,459 | -€82,605 | €5,704 | €80,436 | €3,584 | ▼ 95.5% |
| + Depreciation and write-downs630 | €10,255 | €10,255 | €10,255 | €6,597 | €16,441 | €16,994 | ▲ 3.4% |
| Operating cash flow (approximation) | -€46,119 | €67,714 | -€72,351 | €12,301 | €96,877 | €20,578 | ▼ 78.8% |
| Investment in fixed assets (approximation) | - | €6,000 | €0 | -€31,831 | -€39,999 | €0 | - |
| Change in cash | - | €28,246 | -€13,376 | €3,324 | €32,314 | -€974 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 23-06-2025 | 2025-00166851 | |
| 31-12-2023 | micro format | 25-09-2024 | 2024-00472130 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00381888 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20396967 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-63500521 | |
| 31-12-2019 | micro format | 28-04-2021 | 2021-11600330 | |
| 31-12-2017 | micro format | 15-08-2018 | 2018-47600304 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-59900340 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-55000444 | |
| 31-12-2014 | full format | 19-08-2015 | 2015-44100352 |