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Complete company report
Generated 03-08-2026
Active BE 0866.238.209Private limited company (pre-2019)

PAK BEL

Grand'Route(Flh) 36 ·4400 Flémalle, Belgium· 22 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of PAK BEL is 2.0% (moderate). The 2020 annual accounts show equity of €49k and a net result of €23k. The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €49k
Net result €23k
Active 22 yrs
Publications 1
Snowflake analysis 5 axes · computed by Checked
Health83Profitability100Solvency100Growth78Stability100
92 / 100

Exceptional profile, strong across almost every axis.

Health 83
Profitability 100
Solvency 100
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
2.0% Moderate
0%0,5%1,5%4%10%≥25%
No NACE activity registered +Annual accounts: weaker financial profile +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 2004, 22 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2020 · computed
83 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 17-09-2021 with the NBB · fiscal year 2020 · micro
€0€10k€20k€30kOperating result 2019: €21k€21kNet result 2019: €16k€16kOperating result 2020: €32k€32kNet result 2020: €23k€23k20192020
Operating resultNet result
EBITDA
€21k
- 19-20
Net profit
€23k
+41.5% 19-20
Cash flow
€16k
- 19-20
Total assets
€92k
+1.3% 19-20
Equity
€49k
+86.9% 19-20
Working capital
€49k
+86.9% 19-20
Employees (FTE)
1
- 19-20
Income taxes
€6k
+45.5% 19-20
Debt
€44k
-33.0% 19-20
Debt ≤ 1y
€44k
-33.0% 19-20
Current ratio
2.12
+51.3% 19-20
Quick ratio
1.89
+45.6% 19-20
Solvency
52.9%
+84.5% 19-20
ROE
46.5%
-24.3% 19-20
ROA
24.6%
+39.7% 19-20
Figures by fiscal year
Fiscal year2020
Revenue-
EBITDA-
Net profit€23k
Cash flow-
Staff costs-
Income taxes€6k
Dividends-
Total assets€92k
Equity€49k
Debt€44k
of which ≤ 1y€44k
of which > 1y-
Working capital€49k
Employees (FTE)-
Ratios (computed)
2020
Current ratio2.12
Quick ratio1.89
Working capital ratio52.9%
Solvency52.9%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA24.6%
ROE46.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2020
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€92k
Current assets 29/58€92k
Stocks & contracts in progress 3€10k
Amounts receivable within one year 40/41€80k
Cash & bank 54/58€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€92k
Equity 10/15€49k
Reserves 13€43k
Amounts payable 17/49€44k
Amounts payable within one year 42/48€44k
Trade debts payable within one year 44€20k
Income statement
Gross operating margin 9900€34k
Operating result 9901€32k
Financial income 75€0
Financial charges 65€3k
Result before taxes 9903€29k
Income taxes 67/77€6k
Net result for the period 9904€23k
Result to be appropriated 9905€23k
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Ratios computed by Checked.
Legal Structure
NACE primary -
Legal form Private limited company (pre-2019)(015)
Incorporation06-07-2004
StatusActive
Postal code4400
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62036B0307/00F002 Wallonia 145 m² 1 · 54 m² 8.5 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023
13-06-2023
State Gazette act Director changes
2021
17-09-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
23-03-2021
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2018
19-09-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
15-09-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
2016
31-10-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
24-07-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
2014
30-09-2014
NBB filing Annual accounts filed
fiscal year 2013 · volledig
2013
30-10-2013
NBB filing Annual accounts filed
fiscal year 2012 · volledig
2012
17-08-2012
NBB filing Annual accounts filed
fiscal year 2011 · volledig
2011
14-12-2011
NBB filing Annual accounts filed
fiscal year 2010 · volledig
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2023
13-06-2023 Siddique Bibi resigns as director Director changes
  • Siddique Bibi, Bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "administrateur",
      "person": {
        "rrn": null,
        "name": "Siddique Bibi",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "de_plein_droit_dissolution",
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2023-03-31",
      "evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale accepte la d\u00E9mission de Monsieur Siddique Bibi au poste d\u0027administrateur. Cette fonction prend l\u0027effet \u00E0 partir de ce jour.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": null,
    "filing_date": "2023-06-02",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2023-03-31",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0866.238.209",
    "name_full": "PAK BEL",
    "legal_form": "SRL"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Minhas Choudhry",
    "org_rep_person_name": null,
    "person_role_at_subject": "Administrateur"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameFR PAK BEL
Registered office
Grand'Route(Flh) 36
4400 Flémalle, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative