PAKAREST
ActiveSummary
PAKAREST has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25k and a net result of €-5k. Equity is shrinking by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 32% of 13417 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▼-6
Solvency34▼-2
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.16 against 0.19 in 2024; short-term debt: 17.7% and cash: 1.6% of total assets), and 90.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
9.4%
Return on assets
-1.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-5k
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 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
19 d late
2023
55 d late
2022
49 d late
2021
29 d late
2020
59 d late
2019
20 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€25k▼ 15.8%
2024 · €29k
Total assets
€263k▼ 1.5%
2024 · €267k
Net result
€-5k▼ 261%
2024 · €-1k
Working capital
€-39k▼ 11.9%
2024 · €-35k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-163€-6k▼ 3,440%€-6k▼ 0.3%€-951▲ 83.5%€-4k▼ 357%
Net result€-760€-6k▼ 724%€-6k▲ 1.1%€-1k▲ 79.3%€-5k▼ 261%
Equity€43k▼ 1.7%€37k▼ 14.6%€30k▼ 16.9%€29k▼ 4.2%€25k▼ 15.8%
Total assets€264k▼ 2.3%€275k▲ 4.1%€273k▼ 0.7%€267k▼ 2.4%€263k▼ 1.5%
Debt€221k▼ 2.5%€238k▲ 7.7%€243k▲ 1.8%€237k▼ 2.1%€238k▲ 0.3%
Working capital€-2k▼ 371%€-12k▼ 430%€-34k▼ 192%€-35k▼ 2.4%€-39k▼ 11.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €951 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €263k
Fixed assets
€255k ▼ 1.2%
Current assets
€8k ▼ 9.8%
Equity and liabilities €263k
Equity
€25k ▼ 15.8%
Debt
€238k ▲ 0.3%
Debt's share of the balance-sheet total rises from 89.0% to 90.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1k▼
2024 · €5k
Cash flow
€1k▼
2024 · €5k
Current ratio
0.16▼
2024 · 0.19
Quick ratio
0.11▼
2024 · 0.15
Debt to equity
9.68▲
2024 · 8.13
ROE
-18.8%▼
2024 · -4.4%
ROA
-1.8%▼
2024 · -0.5%
Interest coverage
5.44▼
2024 · 14.80
Debt ≤ 1 year
€47k▲
2024 · €43k
Debt > 1 year
€192k▼
2024 · €194k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €5k | €6k | €6k | ▲ 0.3% |
| Other operating charges640/8 | €3k | €3k | €3k | €3k | €4k | ▲ 19.0% |
| Gross operating margin9900 | €7k | €1k | €3k | €8k | €5k | ▼ 34.0% |
| Operating profit (loss)9901 | €-163 | €-6k | €-6k | €-951 | €-4k | ▼ 357% |
| Financial income75/76B | - | €0 | €0 | €0 | €0 | ▲ 42.9% |
| Recurring financial income75 | - | €0 | €0 | €0 | €0 | ▲ 42.9% |
| Financial charges65/66B | €597 | €507 | €418 | €328 | €271 | ▼ 17.4% |
| Recurring financial charges65 | €597 | €507 | €418 | €328 | €271 | ▼ 17.4% |
| Profit (loss) for the period before taxes9903 | €-760 | €-6k | €-6k | €-1k | €-5k | ▼ 261% |
| Profit (loss) for the period9904 | €-760 | €-6k | €-6k | €-1k | €-5k | ▼ 261% |
| Profit (loss) for the period to be appropriated9905 | €-760 | €-6k | €-6k | €-1k | €-5k | ▼ 261% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €264k | €275k | €273k | €267k | €263k | ▼ 1.5% |
| Fixed assets21/28 | €255k | €253k | €264k | €258k | €255k | ▼ 1.2% |
| Tangible fixed assets22/27 | €255k | €253k | €264k | €258k | €255k | ▼ 1.2% |
| Land and buildings22 | €251k | €249k | €252k | €247k | €243k | ▼ 1.6% |
| Plant, machinery and equipment23 | €4k | €4k | €13k | €11k | €12k | ▲ 7.9% |
| Current assets29/58 | €9k | €22k | €9k | €8k | €8k | ▼ 9.8% |
| Stocks and contracts in progress3 | €1k | €2k | €1k | €2k | €2k | ▲ 25.3% |
| Stocks30/36 | €1k | €2k | €1k | €2k | €2k | ▲ 25.3% |
| Amounts receivable within one year40/41 | €1k | €5k | €2k | €3k | €955 | ▼ 64.3% |
| Trade receivables40 | - | €3k | €705 | €1k | €611 | ▼ 58.6% |
| Other amounts receivable41 | €1k | €2k | €1k | €1k | €344 | ▼ 71.4% |
| Cash at bank and in hand54/58 | €7k | €15k | €6k | €4k | €4k | ▲ 15.1% |
| Deferred charges and accrued income490/1 | €82 | €61 | €71 | €129 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €264k | €275k | €273k | €267k | €263k | ▼ 1.5% |
| Equity10/15 | €43k | €37k | €30k | €29k | €25k | ▼ 15.8% |
| Contributions10/11 | €73k | €73k | €73k | €73k | €73k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-32k | €-38k | €-45k | €-46k | €-50k | ▼ 10.1% |
| Amounts payable17/49 | €221k | €238k | €243k | €237k | €238k | ▲ 0.3% |
| Amounts payable after more than one year17 | €210k | €205k | €200k | €194k | €192k | ▼ 1.4% |
| Other amounts payable178/9 | €210k | €205k | €200k | €194k | €192k | ▼ 1.4% |
| Amounts payable within one year42/48 | €11k | €33k | €43k | €43k | €47k | ▲ 7.7% |
| Current portion of amounts payable after more than one year42 | €5k | €5k | €5k | €5k | €3k | ▼ 49.3% |
| Trade debts44 | - | €8k | €2k | - | €47 | - |
| Suppliers440/4 | - | €8k | €2k | - | €47 | - |
| Advances received on contracts in progress46 | - | €3k | €855 | €1k | €129 | ▼ 89.4% |
| Taxes, remuneration and social security45 | €532 | €533 | €694 | €667 | €940 | ▲ 40.9% |
| Taxes450/3 | €532 | €533 | €694 | €667 | €940 | ▲ 40.9% |
| Other amounts payable47/48 | €6k | €17k | €34k | €36k | €43k | ▲ 18.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-760 | €-6k | €-6k | €-1k | €-5k | ▼ 261% |
| + Depreciation and write-downs630 | €4k | €4k | €5k | €6k | €6k | ▲ 0.3% |
| Operating cash flow (approximation) | €3k | €-2k | €-909 | €5k | €1k | ▼ 73.4% |
| Investment in fixed assets (approximation) | - | €-2k | €-16k | €0 | €-3k | - |
| Change in cash | - | €8k | €-9k | €-2k | €542 | ▲ 127% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
18-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 49 days late
2022
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Moorslede · 1 establishment unit since 2002
Ground area
841 m²
Building footprint
282 m²
Volume, LiDAR
1,764 m³
Parcel 36003A0534/00S008, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Meensesteenweg 144, 8890 Moorslede
since 20022.113.419.469
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36003A0534/00S008 | Flanders | 841 m² | 1 · 282 m² | 9.7 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMoorslede2.113.419.469
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Of 20,501 companies in sector 56111 we hold annual accounts for 11,453. 9,151 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-05-1995
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
Scores and ratios are computed by Checked and are not a credit decision.