PAKERA
ActiveSummary
The annual accounts of PAKERA for financial 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 financial years (±0.2% per year). Its solvency ranks better than 13% of 9,787 sector peers (NACE 46, financial year 2025). The company has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Financials · financial year 2025, abbreviated format
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
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
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.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.8m
2025
Net result-€1.1m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€37.2m
2025
Equity€0.5m
2025
Debt€36.7m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€3.8m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-2.9%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency1.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.65
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€0.003m--€0.002m▲ 45.1%-€0.003m▼ 94.6%-€0.01m▼ 194%-€0.004m▲ 62.6%-€0.003m▲ 13.0%-€0.8m▼ 23,919%
Net result-€0.02m--€0.002mwithin the sector's middle half▲ 89.2%-€0.004mbelow the sector's middle half▼ 67.6%-€0.04mbelow the sector's middle half▼ 1,065%€1.6mabove the sector's middle half-€0.03mbelow the sector's middle half-€1.1mbelow the sector's middle half▼ 3,591%
Equity€1.3m-€1.3mabove the sector's middle half▼ 0.2%€1.3mabove the sector's middle half▼ 0.3%€0.08mwithin the sector's middle half▼ 94.3%€1.6mabove the sector's middle half▲ 21×€1.6mabove the sector's middle half▼ 1.8%€0.5mwithin the sector's middle half▼ 68.4%
Total assets€1.9m-€1.9mabove the sector's middle half▼ 0.1%€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€0.6m-€0.6m=€0.6m▲ 0.9%€6.7m▲ 12×€5.2m▼ 22.5%€5.2m▲ 0.5%€36.7m▲ 602%
Working capital€0.007mwithin the sector's middle half€0.008mwithin the sector's middle half▲ 18.7%-€0.5mbelow the sector's middle half-€0.6mbelow the sector's middle half▼ 15.5%-€0.5mbelow the sector's middle half▲ 13.0%-€3.8mbelow the sector's middle half▼ 680%
Solvency69.9%-69.9%above the sector's middle half=69.6%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 ratio67.31above the sector's middle half79.69above 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)-1.1%--0.1%within the sector's middle half▲ 1.0pp-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 of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Why a figure moved sharply
- 2025 Net result -3,591% on 2024. The accounts now follow the abbreviated format, last year the micro format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37.2m
Fixed assets
€30.2m ▲ 346%
Current assets
€7.0m ▲ 550×
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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €0.3m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | €0.03m | - |
| Other operating charges640/8 | - | - | - | €225 | - | - | €0.001m | - |
| Gross operating margin9900 | -€0.003m | -€0.002m | -€0.003m | -€0.009m | -€0.004m | -€0.003m | -€0.5m | ▼ 14,408% |
| Operating profit (loss)9901 | -€0.003m | -€0.002m | -€0.003m | -€0.01m | -€0.004m | -€0.003m | -€0.8m | ▼ 23,919% |
| Financial income75/76B | - | - | - | - | €1.6m | - | €0.4m | - |
| Recurring financial income75 | - | - | - | - | €1.6m | - | €0.4m | - |
| Financial charges65/66B | - | - | - | €0.03m | €0.04m | €0.03m | €0.7m | ▲ 29× |
| Recurring financial charges65 | €0.02m | €0.001m | €470 | €0.03m | €0.04m | €0.03m | €0.7m | ▲ 29× |
| Profit (loss) for the period before taxes9903 | -€0.02m | -€0.002m | -€0.004m | -€0.04m | €1.6m | -€0.03m | -€1.1m | ▼ 3,590% |
| Income taxes67/77 | - | - | - | - | - | - | €31 | - |
| Profit (loss) for the period9904 | -€0.02m | -€0.002m | -€0.004m | -€0.04m | €1.6m | -€0.03m | -€1.1m | ▼ 3,591% |
| Profit (loss) for the period to be appropriated9905 | -€0.02m | -€0.002m | -€0.004m | -€0.04m | €1.6m | -€0.03m | -€1.1m | ▼ 3,591% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.9m | €1.9m | €1.9m | €6.8m | €6.8m | €6.8m | €37.2m | ▲ 448% |
| Fixed assets21/28 | €1.9m | €1.9m | €1.9m | €6.8m | €6.8m | €6.8m | €30.2m | ▲ 346% |
| Intangible fixed assets21 | - | - | - | - | - | - | €0.3m | - |
| Tangible fixed assets22/27 | - | - | - | - | - | - | €0.3m | - |
| Land and buildings22 | - | - | - | - | - | - | €0.01m | - |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €0.05m | - |
| Furniture and vehicles24 | - | - | - | - | - | - | €0.02m | - |
| Leasing and similar rights25 | - | - | - | - | - | - | €0.2m | - |
| Financial fixed assets28 | €1.9m | €1.9m | €1.9m | €6.8m | €6.8m | €6.8m | €29.7m | ▲ 338% |
| Current assets29/58 | €0.009m | €0.007m | €0.008m | €0.01m | €0.02m | €0.01m | €7.0m | ▲ 550× |
| Stocks and contracts in progress3 | - | - | - | - | - | - | €5.4m | - |
| Stocks30/36 | - | - | - | - | - | - | €5.4m | - |
| Amounts receivable within one year40/41 | - | - | €0.005m | €0.005m | €300 | - | €1.4m | - |
| Trade receivables40 | - | - | - | - | - | - | €0.1m | - |
| Other amounts receivable41 | - | - | - | €0.005m | €300 | - | €1.3m | - |
| Cash at bank and in hand54/58 | €0.009m | €0.007m | €0.003m | €0.01m | €0.02m | €0.01m | €0.1m | ▲ 683% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €0.1m | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.9m | €1.9m | €1.9m | €6.8m | €6.8m | €6.8m | €37.2m | ▲ 448% |
| Equity10/15 | €1.3m | €1.3m | €1.3m | €0.08m | €1.6m | €1.6m | €0.5m | ▼ 68.4% |
| Contributions10/11 | €1.3m | €1.3m | €1.3m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Capital10 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Issued capital100 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Reserves13 | €0.08m | €0.08m | €0.08m | €0.08m | €0.007m | €0.007m | €0.007m | = |
| Non-distributable reserves130/1 | - | - | - | €0.004m | €0.007m | €0.007m | €0.007m | = |
| Legal reserve130 | - | - | - | €0.004m | €0.007m | €0.007m | €0.007m | = |
| Distributable reserves133 | - | - | - | €0.07m | - | - | - | - |
| Profit (loss) carried forward14 | -€0.02m | -€0.02m | -€0.03m | -€0.07m | €1.5m | €1.5m | €0.4m | ▼ 72.0% |
| Amounts payable17/49 | €0.6m | €0.6m | €0.6m | €6.7m | €5.2m | €5.2m | €36.7m | ▲ 602% |
| Amounts payable after more than one year17 | €0.6m | €0.6m | €0.6m | €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 | €100 | €0.5m | €0.6m | €0.5m | €10.8m | ▲ 22× |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.5m | €0.5m | €0.5m | €1.4m | ▲ 179% |
| Trade debts44 | - | - | - | - | - | - | €0.8m | - |
| Suppliers440/4 | - | - | - | - | - | - | €0.8m | - |
| Taxes, remuneration and social security45 | - | - | - | - | €0.004m | - | €0.2m | - |
| Taxes450/3 | - | - | - | - | €0.004m | - | €0.02m | - |
| Remuneration and social security454/9 | - | - | - | - | - | - | €0.2m | - |
| Other amounts payable47/48 | - | - | - | €100 | €0.07m | €440 | €8.5m | ▲ 19,342× |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.05m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.02m | -€0.002m | -€0.004m | -€0.04m | €1.6m | -€0.03m | -€1.1m | ▼ 3,591% |
| + Depreciation and write-downs630 | - | - | - | - | - | - | €0.03m | - |
| Operating cash flow (approximation) | -€0.02m | -€0.002m | -€0.004m | -€0.04m | €1.6m | -€0.03m | -€1.0m | ▼ 3,480% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€4.9m | €0 | €0 | -€23.4m | - |
| Change in cash | - | -€0.002m | -€0.004m | €0.007m | €0.005m | -€0.002m | €0.09m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 02-07-2026 | 2026-00242481 |
| 31-12-2024 | micro format | 07-07-2025 | 2025-00249621 |
| 31-12-2023 | micro format | 04-07-2024 | 2024-00208721 |
| 31-12-2022 | micro format | 13-07-2023 | 2023-00263077 |
| 30-09-2021 | micro format | 21-03-2022 | 2022-08200170 |
| 30-09-2020 | micro format | 15-03-2021 | 2021-07600487 |
| 30-09-2019 | micro format | 19-03-2020 | 2020-07100090 |
| 30-09-2018 | micro format | 28-03-2019 | 2019-08400410 |
| 30-09-2017 | micro format | 03-04-2018 | 2018-08800208 |
| 30-09-2016 | abbreviated format | 30-03-2017 | 2017-08100048 |
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Of the 166 active companies whose main activity is wholesale trade (NACE 46835), figures are known for 115. 68 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.