PAKO
ActivePAKO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32k and a net result of €12k. Equity is growing by ~68.4% per year across the filed fiscal years. Its solvency ranks better than 35% of 217 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-15
Solvency55▲+3
Growth85=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.46 against 1.38 in 2024; short-term debt: 58.7% and cash: 8.9% of total assets), and 69.7% of the assets are financed with debt.
Credit advice for your own amount and term
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Sector 32
lower
← 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
30.3%
Return on assets
11.1%
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 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
16 d early
2023
30 d late
2022
29 d late
2021
31 d late
2020
18 d late
2019
21 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€240k▼ 7.8%
2024 · €260k
2021: €31k
2022: €116k
2023: €156k
2024: €260k
2021 → 2025
EBIT margin
7.7%▼ 2.9pp
2024 · 10.5%
2021: 45.7%
2022: -6.1%
2023: 1.6%
2024: 10.5%
2021 → 2025
Net result
€12k▼ 46.3%
2024 · €22k
2018: €2k
2019: €3k
2020: €5k
2021: €11k
2022: €-7k
2023: €647
2024: €22k
2018 → 2025
Working capital
€29k▲ 36.5%
2024 · €21k
2018: €-13k
2019: €-13k
2020: €-8k
2021: €4k
2022: €-3k
2023: €-1k
2024: €21k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€31k-€116k▲ 277%€156k▲ 34.2%€260k▲ 66.9%€240k▼ 7.8%
Equity€5k-€-2k€-2k▲ 29.8%€20k€32k▲ 57.7%
Operating result€14k-€-7k€3k€27k▲ 967%€18k▼ 32.9%
Net result€11k-€-7k€647€22k▲ 3,301%€12k▼ 46.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107k
Fixed assets
€15k▲ 8,152%
Current assets
€91k▲ 20.2%
Equity and liabilities €107k
Equity
€32k▲ 57.7%
Debt
€74k▲ 33.6%
The debt ratio falls from 73.1% to 69.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19k▼
2024 · €28k
Cash flow
€13k▼
2024 · €22k
Solvency
30.3%▲
2024 · 26.9%
Current ratio
1.46▲
2024 · 1.38
Quick ratio
0.36▼
2024 · 0.42
Debt / equity
2.30▼
2024 · 2.72
ROE
36.6%▼
2024 · 107.4%
ROA
11.1%▼
2024 · 28.9%
Interest coverage
6.87▼
2024 · 29.97
Debt
€74k▲
2024 · €56k
Debt ≤ 1 year
€63k▲
2024 · €55k
Debt > 1 year
€11k
Income taxes
€4k▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€76k€107k▲
Fixed assets21/28€187€15k▲
Tangible fixed assets22/27€187€15k▲
Land and buildings22-€15k
Other tangible fixed assets26€187-
Current assets29/58€76k€91k▲
Stocks and contracts in progress3€53k€69k▲
Stocks30/36€53k€69k▲
Amounts receivable within one year40/41€16k€12k▼
Trade receivables40€6k€6k▼
Other amounts receivable41€10k€6k▼
Cash at bank and in hand54/58€6k€9k▲
Deferred charges and accrued income490/1€689€1k▲
Equity and liabilities
Total equity and liabilities10/49€76k€107k▲
Equity10/15€20k€32k▲
Contributions10/11€12k€12k=
Reserves13€4k€4k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€4k€16k▲
Amounts payable17/49€56k€74k▲
Amounts payable after more than one year17-€11k
Financial debts170/4-€11k
Amounts payable within one year42/48€55k€63k▲
Current portion of amounts payable after more than one year42-€3k
Trade debts44€9k€7k▼
Suppliers440/4€9k€7k▼
Advances received on contracts in progress46€1k-
Taxes, remuneration and social security45€18k€25k▲
Taxes450/3€18k€25k▲
Other amounts payable47/48€27k€27k▼
Accrued charges and deferred income492/3€650€650=
Income statement
Code20242025
Turnover70€260k€240k▼
Non-recurring operating income76A€230-
Goods, raw materials, services and sundry goods60/61€232k€220k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€373€1k▲
Other operating charges640/8€387€500▲
Gross operating margin9900€28k€20k▼
Operating profit (loss)9901€27k€18k▼
Financial income75/76B€3€180▲
Recurring financial income75€3€0▼
Non-recurring financial income76B-€180
Financial charges65/66B€927€3k▲
Recurring financial charges65€927€3k▲
Profit (loss) for the period before taxes9903€26k€16k▼
Income taxes67/77€4k€4k▼
Profit (loss) for the period9904€22k€12k▼
Profit (loss) for the period to be appropriated9905€22k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€16k▲
Profit (loss) brought forward from the previous period14P€-18k€4k▲
The notes to these accounts (8 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €22k ▲3301%
Operating result €27k, net result €22k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Back to profitnet €647
Net result €647 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €-7k ▼163%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 1.13
Current ratio from 0.53 to 1.13.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 18 days late
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 21 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 23 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Frasnes-lez-Anvaing · 1 establishment unit since 2002
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.
Rue Houssière(FB) 87911 Frasnes-lez-AnvaingGround area
2,337 m²
Building footprint
181 m²
Volume, LiDAR
1,087 m³
Parcel 51022B0289/00R010, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LA VACA LOCA
since 20022.098.857.888
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51022B0289/00R010 | Wallonia | 2,337 m² | 1 · 181 m² | 8.0 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.
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CIEL MES PERLES
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Of 712 companies in sector 32130 we hold annual accounts for 32. 26 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-01-2002
Fiscal year end31-12
Activities, NACEBEL
32130Manufacture of imitation jewellery and related articles
47770Retail sale of watches and jewellery
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.