PAKERA
ActiveSummary
The annual accounts of PAKERA for fiscal year 2025 show a net loss of 68% of the equity at the start of that year. The 2025 annual accounts show equity of €491,400 and a net result of -€1.1m. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 13% of 8160 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability15▼-21
Solvency26▼-22
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.65 against 0.03 in 2024; short-term debt: 29.1% and cash: 0.3% of total assets), and 98.7% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
1.3%
Return on assets
-2.9%
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 -€1.1m
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 8160 sector peers (2025).
NBB · sector comparisonPosition among 8160 sector peers
Solvency
better than 13%
← weakest
strongest →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
24 d early
2023
27 d early
2022
18 d early
2021
40 d early
2020
46 d early
2019
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€491,400▼ 68.4%
2024 · €1.6m
Total assets
€37.2m▲ 448%
2024 · €6.8m
Net result
-€1.1m▼ 3,591%
2024 · -€28,882
Working capital
-€3.8m▼ 680%
2024 · -€487,645
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€3,291▼ 94.6%-€9,676▼ 194%-€3,621▲ 62.6%-€3,149▲ 13.0%-€756,316▼ 23,919%
Net result-€3,762below the sector's middle half▼ 67.6%-€43,806below the sector's middle half▼ 1,065%€1.6mabove the sector's middle half-€28,882below the sector's middle half-€1.1mbelow the sector's middle half▼ 3,591%
Equity€1.3mabove the sector's middle half▼ 0.3%€75,564within the sector's middle half▼ 94.3%€1.6mabove the sector's middle half▲ 1,999%€1.6mabove the sector's middle half▼ 1.8%€491,400within the sector's middle half▼ 68.4%
Total assets€1.9mabove the sector's middle half▲ 0.1%€6.8mabove the sector's middle half▲ 258%€6.8mabove the sector's middle half=€6.8mabove the sector's middle half=€37.2mabove the sector's middle half▲ 448%
Debt€576,100▲ 0.9%€6.7m▲ 1,066%€5.2m▼ 22.5%€5.2m▲ 0.5%€36.7m▲ 602%
Working capital€7,869within the sector's middle half▲ 18.7%-€485,396below the sector's middle half-€560,763below the sector's middle half▼ 15.5%-€487,645below the sector's middle half▲ 13.0%-€3.8mbelow the sector's middle half▼ 680%
Solvency69.6%above the sector's middle half▼ 0.2pp1.1%below the sector's middle half▼ 68.5pp23.4%within the sector's middle half▲ 22.2pp22.9%within the sector's middle half▼ 0.4pp1.3%below the sector's middle half▼ 21.6pp
Current ratio79.69above the sector's middle half▲ 12.380.03below the sector's middle half▼ 79.660.03below the sector's middle half=0.03below the sector's middle half=0.65below the sector's middle half▲ 0.62
Return on assets (ROA)-0.2%within the sector's middle half▼ 0.1pp-0.6%within the sector's middle half▼ 0.4pp23.4%above the sector's middle half▲ 24.0pp-0.4%within the sector's middle half▼ 23.8pp-2.9%below the sector's middle half▼ 2.4pp
Staff (FTE)2.8within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result -3,591% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €756,316 in 2025 against €3,149 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37.2m
Fixed assets
€30.2m ▲ 346%
Current assets
€7.0m ▲ 54,869%
Equity and liabilities €37.2m
Equity
€491,400 ▼ 68.4%
Debt
€36.7m ▲ 602%
Debt's share of the balance-sheet total rises from 77.1% to 98.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€724,501
Cash flow
-€1.0m
Quick ratio
0.15▲
2024 · 0.03
Debt to equity
74.75▲
2024 · 3.36
ROE
-216.9%▼
2024 · -1.9%
Interest coverage
-0.98
Debt ≤ 1 year
€10.8m▲
2024 · €500,440
Debt > 1 year
€25.8m▲
2024 · €4.7m
Income taxes
€31
Staff costs
€266,682
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €266,682 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €31,815 | - |
| Other operating charges640/8 | - | €225 | - | - | €998 | - |
| Gross operating margin9900 | -€3,291 | -€9,451 | -€3,621 | -€3,149 | -€456,821 | ▼ 14,408% |
| Operating profit (loss)9901 | -€3,291 | -€9,676 | -€3,621 | -€3,149 | -€756,316 | ▼ 23,919% |
| Financial income75/76B | - | - | €1.6m | - | €428,254 | - |
| Recurring financial income75 | - | - | €1.6m | - | €428,254 | - |
| Financial charges65/66B | - | €34,129 | €36,738 | €25,733 | €737,821 | ▲ 2,767% |
| Recurring financial charges65 | €470 | €34,129 | €36,738 | €25,733 | €737,821 | ▲ 2,767% |
| Profit (loss) for the period before taxes9903 | -€3,762 | -€43,806 | €1.6m | -€28,882 | -€1.1m | ▼ 3,590% |
| Income taxes67/77 | - | - | - | - | €31 | - |
| Profit (loss) for the period9904 | -€3,762 | -€43,806 | €1.6m | -€28,882 | -€1.1m | ▼ 3,591% |
| Profit (loss) for the period to be appropriated9905 | -€3,762 | -€43,806 | €1.6m | -€28,882 | -€1.1m | ▼ 3,591% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €6.8m | €6.8m | €6.8m | €37.2m | ▲ 448% |
| Fixed assets21/28 | €1.9m | €6.8m | €6.8m | €6.8m | €30.2m | ▲ 346% |
| Intangible fixed assets21 | - | - | - | - | €284,754 | - |
| Tangible fixed assets22/27 | - | - | - | - | €251,173 | - |
| Land and buildings22 | - | - | - | - | €11,646 | - |
| Plant, machinery and equipment23 | - | - | - | - | €45,886 | - |
| Furniture and vehicles24 | - | - | - | - | €18,419 | - |
| Leasing and similar rights25 | - | - | - | - | €175,222 | - |
| Financial fixed assets28 | €1.9m | €6.8m | €6.8m | €6.8m | €29.7m | ▲ 338% |
| Current assets29/58 | €7,969 | €14,704 | €15,484 | €12,795 | €7.0m | ▲ 54,869% |
| Stocks and contracts in progress3 | - | - | - | - | €5.4m | - |
| Stocks30/36 | - | - | - | - | €5.4m | - |
| Amounts receivable within one year40/41 | €5,000 | €5,000 | €300 | - | €1.4m | - |
| Trade receivables40 | - | - | - | - | €125,267 | - |
| Other amounts receivable41 | - | €5,000 | €300 | - | €1.3m | - |
| Cash at bank and in hand54/58 | €2,969 | €9,704 | €15,184 | €12,795 | €100,211 | ▲ 683% |
| Deferred charges and accrued income490/1 | - | - | - | - | €135,901 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €6.8m | €6.8m | €6.8m | €37.2m | ▲ 448% |
| Equity10/15 | €1.3m | €75,564 | €1.6m | €1.6m | €491,400 | ▼ 68.4% |
| Contributions10/11 | €1.3m | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Capital10 | - | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Issued capital100 | - | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Reserves13 | €76,147 | €76,147 | €7,000 | €7,000 | €7,000 | = |
| Non-distributable reserves130/1 | - | €3,807 | €7,000 | €7,000 | €7,000 | = |
| Legal reserve130 | - | €3,807 | €7,000 | €7,000 | €7,000 | = |
| Distributable reserves133 | - | €72,340 | - | - | - | - |
| Profit (loss) carried forward14 | -€26,778 | -€70,584 | €1.5m | €1.5m | €414,400 | ▼ 72.0% |
| Amounts payable17/49 | €576,100 | €6.7m | €5.2m | €5.2m | €36.7m | ▲ 602% |
| Amounts payable after more than one year17 | €576,000 | €6.2m | €4.6m | €4.7m | €25.8m | ▲ 446% |
| Financial debts170/4 | - | €6.2m | €4.6m | €4.7m | €19.7m | ▲ 317% |
| Trade debts175 | - | - | - | - | €6.1m | - |
| Amounts payable within one year42/48 | €100 | €500,100 | €576,247 | €500,440 | €10.8m | ▲ 2,066% |
| Current portion of amounts payable after more than one year42 | - | €500,000 | €500,000 | €500,000 | €1.4m | ▲ 179% |
| Trade debts44 | - | - | - | - | €755,802 | - |
| Suppliers440/4 | - | - | - | - | €755,802 | - |
| Taxes, remuneration and social security45 | - | - | €3,807 | - | €179,347 | - |
| Taxes450/3 | - | - | €3,807 | - | €19,590 | - |
| Remuneration and social security454/9 | - | - | - | - | €159,757 | - |
| Other amounts payable47/48 | - | €100 | €72,440 | €440 | €8.5m | ▲ 1,934,087% |
| Accrued charges and deferred income492/3 | - | - | - | - | €46,005 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,762 | -€43,806 | €1.6m | -€28,882 | -€1.1m | ▼ 3,591% |
| + Depreciation and write-downs630 | - | - | - | - | €31,815 | - |
| Operating cash flow (approximation) | -€3,762 | -€43,806 | €1.6m | -€28,882 | -€1.0m | ▼ 3,480% |
| Investment in fixed assets (approximation) | - | -€4.9m | €0 | €0 | -€23.4m | - |
| Change in cash | - | €6,735 | €5,480 | -€2,389 | €87,416 | ▲ 3,759% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€1.1m
Net result drops to -€1.1m, the lowest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €1.6m
Net result €1.6m after 5 loss-making years.
31-12
Financial
Equity above €1mEq €1.6m ▲1,999%
Equity rises from €75,564 to €1.6m.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Dilbeek · 1 establishment unit since 2002
Ground area
1.3 ha
Building footprint
2,345 m²
Volume, LiDAR
14,489 m³
Parcel 23026A0120/00A002, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Alfons Gossetlaan 19, 1702 Dilbeek
since 20022.095.919.679
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23026A0120/00A002 | Flanders | 1.3 ha | 1 · 2,345 m² | 8.9 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.
Structure & network
Part of the group
UNITED TILES BELGIUM
18 companies
Group, risk and exposure
Owners and holdings
1 owner · 4 holdings · 9 subsidiaries in the treeChain of control
- UNITED TILES BELGIUM
- PAKERA
Highest known parent: UNITED TILES BELGIUM. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 4
-
100%
-
100%
-
100%
-
100%
All subsidiaries, including indirect ones 9
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
CARRO WAVRE 100%1 subsidiary
KERAMOS 100%1 subsidiary
- KERAVISIE 100%
RG Tegel 2.0 100%3 subsidiaries
RAVENNA 100%2 subsidiaries
According to the 2025 annual accounts of PAKERA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
699400GBGM4Q46FY2W33
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Of 169 companies in sector 46835 we hold annual accounts for 114. 68 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-02-2002
Fiscal year end31-12
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
46835Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476928709
Also
9925:BE0476928709
Registered
02-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.