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PAK BEL

Bankruptcy
Private limited company (pre-2019)founded 2004Grand'Route(Flh) 36, 4400 Flémalle, BelgiumKBO/BCE: BE 0866.238.209
Summary

The KBO register records for PAK BEL the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2020 annual accounts show equity of €48,832 and a net result of €22,706.

PAK BELBankruptcy

Are you a creditor?

Open bankruptcy Source: KBO register

The KBO register records a bankruptcy for this company. If it owes you money, you are not paid automatically: you file your claim yourself.

The procedure

The publication of the judgment is not in our data. Court, date and curator are in RegSol: search by the enterprise number.

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company

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What stands out

  1. Declared bankrupt Bankruptcycreditors: see the procedure below
  2. Accounts not filed 1523 d latedeadline was 31-07-2022
  3. Total assets 2020 €92,3972 fiscal years filed20192020

Overview

What they do
Activity not known
How big
€92,397total assets 2020
Equity €48,832 · Profit €22,706
Financially healthy?
No score
Who decides
Not known
Bankruptcy: no scoreAccounts 1523 d overdue0 of 12 deeds readActivity not known
Signals- Register: open bankruptcyFiled after the deadlineShow the evidence

Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 17-09-2021, 48 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 · 10 filings
Deviation from the deadline
2020
48 d late
2019
235 d late
2017
50 d late
2016
46 d late
2015
92 d late
2014
7 d early
2013
61 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 75 days after the deadline; the Belgian median for financial year 2020 is 1 day before the deadline, and 46% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2020 · micro…
  2. Annual accounts filedfiscal year 2019 · full…
  3. Annual accounts filedfiscal year 2017 · micro…

Financials

Fiscal year 2020Total assets €92,397Profit €22,706Solvency 52.9%Liquidity 2.12
Total assets
€92,397▲ 1.3%
2019 - 2020
Net result
€22,706▲ 41.5%
2019 - 2020
Equity
€48,832▲ 86.9%
2019 - 2020
Staff (FTE)
0.6
2019

Financials · fiscal year 2020, micro schema

Trend over the years2 fiscal years
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20192020
Operating result€21,150-€31,871▲ 50.7%
Net result€16,045-€22,706▲ 41.5%
Equity€26,126-€48,832▲ 86.9%
Total assets€91,182-€92,397▲ 1.3%
Debt€65,056-€43,565▼ 33.0%
Working capital€26,126-€48,832▲ 86.9%
Staff (FTE)0.6-
Result and balance sheet2020
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000Operating result 2019: €21,150€21,150Net result 2019: €16,045€16,045Operating result 2020: €31,871€31,871Net result 2020: €22,706€22,70620192020€0€10,000€20,000€30,000Operating result 2019: €21,150€21,100Net result 2019: €16,045€16,000Operating result 2020: €31,871€31,900Net result 2020: €22,706€22,70020192020
The operating result rises in 2020; 2020 is 51% above 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Equity and liabilities €92,397
Equity €48,832 ▲ 86.9%
Debt €43,565 ▼ 33.0%
Debt's share of the balance-sheet total falls from 71.3% to 47.1%. Equity is higher and debt is lower.
Key figures and ratios2020
Key figures and ratios
2020 value · change against 2019
Current ratio
2.12▲
2019 · 1.40
Quick ratio
1.89▲
2019 · 1.30
ROE
46.5%▼
2019 · 61.4%
ROA
24.6%▲
2019 · 17.6%
Debt ≤ 1 year
€43,565▼
2019 · €65,056
Income taxes
€6,496▲
2019 · €4,464
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accountsfiscal year 2020
Annual accounts
Filed annual accounts As filed with the NBB · 2020 against 2019 · 22 lines
Balance sheet Code20192020
Assets
Total assets20/58€91,182€92,397▲
Current assets29/58€91,182€92,397▲
Stocks and contracts in progress3€6,550€9,886▲
Amounts receivable within one year40/41€79,962€79,726▼
Cash at bank and in hand54/58€4,671€2,736▼
Equity and liabilities
Total equity and liabilities10/49€91,182€92,397▲
Equity10/15€26,126€48,832▲
Contributions10/11€6,200-
Reserves13€19,926€42,632▲
Profit (loss) carried forward14-€8,669-
Amounts payable17/49€65,056€43,565▼
Amounts payable within one year42/48€65,056€43,565▼
Trade debts44€45,923€19,677▼
Income statement Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€155-
Gross operating margin9900€32,807€34,281▲
Operating profit (loss)9901€21,150€31,871▲
Recurring financial income75-€0
Recurring financial charges65€641€2,669▲
Profit (loss) for the period before taxes9903€20,509€29,202▲
Income taxes67/77€4,464€6,496▲
Profit (loss) for the period9904€16,045€22,706▲
Profit (loss) for the period to be appropriated9905€16,045€22,706▲
Line20192020Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€155--
Gross operating margin9900€32,807€34,281▲ 4.5%
Operating profit (loss)9901€21,150€31,871▲ 50.7%
Recurring financial income75-€0-
Recurring financial charges65€641€2,669▲ 317%
Profit (loss) for the period before taxes9903€20,509€29,202▲ 42.4%
Income taxes67/77€4,464€6,496▲ 45.5%
Profit (loss) for the period9904€16,045€22,706▲ 41.5%
Profit (loss) for the period to be appropriated9905€16,045€22,706▲ 41.5%
Line20192020Change
Assets
Total assets20/58€91,182€92,397▲ 1.3%
Current assets29/58€91,182€92,397▲ 1.3%
Stocks and contracts in progress3€6,550€9,886▲ 50.9%
Amounts receivable within one year40/41€79,962€79,726▼ 0.3%
Cash at bank and in hand54/58€4,671€2,736▼ 41.4%
Equity and liabilities
Total equity and liabilities10/49€91,182€92,397▲ 1.3%
Equity10/15€26,126€48,832▲ 86.9%
Contributions10/11€6,200--
Reserves13€19,926€42,632▲ 114%
Profit (loss) carried forward14-€8,669--
Amounts payable17/49€65,056€43,565▼ 33.0%
Amounts payable within one year42/48€65,056€43,565▼ 33.0%
Trade debts44€45,923€19,677▼ 57.2%
Line20192020Change
Profit (loss) for the period9904€16,045€22,706▲ 41.5%
+ Depreciation and write-downs630€155--
Operating cash flow (approximation)€16,200€22,706▲ 40.2%
Change in cash--€1,935-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline

10 eventsLatest 17-09-2021

History

On 6 July 2004, PAK BEL was incorporated.1 The company has filed 14 sets of annual accounts, the latest for fiscal year 2020.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020

Acts, filings and financial milestones

2021
17-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 48 days late
23-03
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 235 days late
2018
19-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 50 days late
2017
15-09
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 46 days late
2016
31-10
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 92 days late
2015
24-07
NBB filing Annual accounts filed
fiscal year 2014 · full schema
2014
30-09
NBB filing Annual accounts filed
fiscal year 2013 · full schema · 61 days late
2013
30-10
NBB filing Annual accounts filed
fiscal year 2012 · full schema · 91 days late
2012
17-08
NBB filing Annual accounts filed
fiscal year 2011 · full schema · 17 days late
2011
14-12
NBB filing Annual accounts filed
fiscal year 2010 · full schema · 136 days late
NBB filing
0 of 12 acts read
About the unread acts

We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Company details

Private limited company (pre-2019) · founded 06-07-2004Year ends 31-12Peppol not found

Register details

Identification
Legal formPrivate limited company (pre-2019)
Founded06-07-2004
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Sites & property

Location & real-estate footprint
Registered office, Flémalle
exact location from the address register On OpenStreetMap
Ground area
145 m²
Building footprint
54 m²
Volume, LiDAR
384 m³
Parcel 62036B0307/00F002, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62036B0307/00F002 Wallonia 145 m² 1 · 54 m² 8.5 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.

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