PAKAZO
ActiveSummary
The computed 12-month bankruptcy probability of PAKAZO is 3.2% (moderate). The 2025 annual accounts show equity of €41k and a net result of €7k. Equity is growing by ~30.9% per year across the filed fiscal years. Its solvency ranks better than 49% of 13305 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75=
Solvency55▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.76 against 0.58 in 2024; short-term debt: 70.2% and cash: 42.6% of total assets), and 70.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.8%
Return on assets
5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 6 filingsDeviation from the deadline
2025
28 d late
2024
20 d late
2023
23 d late
2022
25 d late
2021
57 d late
2020
24 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€41k▲ 20.4%
2024 · €34k
2020: €-29k
2021: €5k
2022: €43k
2023: €26k
2024: €34k
2020 → 2025
Total assets
€139k▼ 11.0%
2024 · €156k
2020: €192k
2021: €242k
2022: €214k
2023: €162k
2024: €156k
2020 → 2025
Net result
€7k▼ 11.8%
2024 · €8k
2020: €-39k
2021: €34k
2022: €38k
2023: €-17k
2024: €8k
2020 → 2025
Working capital
€-24k▲ 53.3%
2024 · €-51k
2020: €-179k
2021: €-116k
2022: €-95k
2023: €-84k
2024: €-51k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5k-€43k▲ 804%€26k▼ 38.6%€34k▲ 30.1%€41k▲ 20.4%
Operating result€35k-€39k▲ 12.0%€-16k€10k€8k▼ 18.2%
Net result€34k-€38k▲ 12.0%€-17k€8k€7k▼ 11.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €139k
Fixed assets
€65k ▼ 23.6%
Current assets
€74k ▲ 4.1%
Equity and liabilities €139k
Equity
€41k ▲ 20.4%
Debt
€97k ▼ 19.9%
Debt's share of the balance-sheet total falls from 78.0% to 70.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28k▼
2024 · €35k
Cash flow
€27k▼
2024 · €33k
Current ratio
0.76▲
2024 · 0.58
Quick ratio
0.71▲
2024 · 0.54
Debt to equity
2.36▼
2024 · 3.55
ROE
17.0%▼
2024 · 23.2%
ROA
5.0%▼
2024 · 5.1%
Interest coverage
14.02▼
2024 · 16.80
Debt ≤ 1 year
€97k▼
2024 · €122k
Income taxes
€212▲
2024 · €194
Staff costs
€71k▲
2024 · €56k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€156k€139k▼
Fixed assets21/28€85k€65k▼
Tangible fixed assets22/27€85k€65k▼
Plant, machinery and equipment23€4k€1k▼
Other tangible fixed assets26€81k€64k▼
Current assets29/58€71k€74k▲
Stocks and contracts in progress3€5k€4k▼
Stocks30/36€5k€4k▼
Amounts receivable within one year40/41€17k€10k▼
Trade receivables40€7k-
Other amounts receivable41€11k€10k▼
Cash at bank and in hand54/58€46k€59k▲
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€156k€139k▼
Equity10/15€34k€41k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€24k€31k▲
Amounts payable17/49€122k€97k▼
Amounts payable within one year42/48€122k€97k▼
Trade debts44€9k€4k▼
Suppliers440/4€9k€4k▼
Advances received on contracts in progress46€14k€6k▼
Taxes, remuneration and social security45€12k€14k▲
Taxes450/3€6k€4k▼
Remuneration and social security454/9€7k€9k▲
Other amounts payable47/48€85k€74k▼
Income statement
Code20242025
Remuneration, social security and pensions62€56k€71k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€20k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€93k€100k▲
Operating profit (loss)9901€10k€8k▼
Financial income75/76B€527€1k▲
Recurring financial income75€527€1k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€8k€7k▼
Income taxes67/77€194€212▲
Profit (loss) for the period9904€8k€7k▼
Profit (loss) for the period to be appropriated9905€8k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€24k€31k▲
Profit (loss) brought forward from the previous period14P€16k€24k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Highest result since 2020net €38k ▲12%
Operating result €39k, net result €38k, both a record.
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 57 days late
2021
31-12
Financial
Back to profitnet €34k
Net result €34k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Waregem · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint-Jansstraat 1498791 WaregemGround area
198 m²
Building footprint
198 m²
Volume, LiDAR
1,359 m³
Parcel 34006A0016/00F006, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gruuthuse / Cuisine Mobile
since 20192.293.012.395
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006A0016/00F006 | Flanders | 198 m² | 1 · 198 m² | 11.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 siteWaregem2.293.012.395
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Of 7,504 companies in sector 56210 we hold annual accounts for 2,444. 2,007 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56210Event catering
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.