Equity
€32,294 ▲ 57.7%
PAKO has made a profit without a break since 2023.
PAKO
Lifetime
20 annual accounts with figures on one time axis, 23 filings since 2003peak €112,974 (2007)
€19,965▼ 29.1%
lowest -€37,504 (2006)
€11,819▼ 46.3%
peak €32,294 (2025)
€32,294▲ 57.7%
€74,294▲ 33.6%
peak 3.9 FTE (2006)
-not published
Board2 names since 2021
2 directorsJérôme Blomart and 1 other
Documentsfilings and deeds
27-08-202627 days late
2025abbreviated format
Gross margin from €28,170 to €19,965Result from €21,999 to €11,819Equity from €20,475 to €32,294Debts from €55,605 to €74,294Investments €16,295Cash from €5,991 to €9,471
Key points
from the 2025 annual accountsInvestments
€16,295 15.0 × depreciation
Green is investment, beige is depreciation.
Filings
23 annual accounts since 2003
Nine of the last ten came late. The 2021 accounts came latest: 31 days after the end of the period.
Checked score
85
Excellent
Financially stronger than 45% of micro companies in other manufacturing (NACE 32)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 1,141 companies (NACE 32, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%▼ -0.3 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 1.0%▲ +0.6 percentage points vs 07-2026highest value
09-2026: 0.3%▼ -0.7 percentage points vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Size: turnover €239,887, total assets €106,588
Profit of €11,819 (financial year 2025)
lowers risk
Founded in 2002
Figures for financial year 2025 (filed on 28-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 32, micro). It does better than 39% of them on solvency, 23% on liquidity, 49% on profitability and 68% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as PAKO has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PAKO itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for PAKO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.46 (1.38 in 2024), below the usual 1.5. Short-term debt is 58.7% and cash 8.9% of total assets. 69.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 27 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
27 days late
2024
16 days early
2023
30 days late
2022
29 days late
2021
31 days late
2020
18 days late
2019
21 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days after the deadline. In the sector (NACE 32), the median for financial year 2024 was 2 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0476794293
Change of role: VERLY Julie, from manager to director
Director discharge: VERLY Julie (manager) · General meeting of 23-11-2023 · Gazette deed
First establishment
LA VACA LOCA, Rue Houssière 8, Frasnes-lez-Anvaing
Incorporation
published on 12-02-2002 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PAKO Frasnes-lez-Anvaing | €239,887 | 7.7% | 30.3% | - |
| CIEL MES PERLES Watermael-Boitsfort | - | - | 47.1% | - |
| JAYDE Ixelles | - | - | 64.2% | - |
| MUNTERS & BOSTANCI Ixelles | - | - | -13.2% | 0 |
| ART'EMI Ixelles | - | - | 43.8% | - |
| ATA Design Brussels | - | - | 77.0% | - |
| La Chinoiserie Wanze | €26,134 | -12.5% | 31.1% | - |
Grey: the largest companies of the sector (other manufacturing (NACE 32)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as PAKO: manufacture of imitation jewellery and related articles (NACE 32130). They are comparable in size and age: total assets between €73,300 and €231,000, founded between 1999 and 2010.
Official details
Source: KBO- Status
- Active since 29-01-2002Normal situation
- Activity
- Manufacture of imitation jewellery and related articlesNACE 32130and 1 other
- Establishment unit
- 2.098.857.8887911 Frasnes-lez-Anvaing, since 28-02-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Insights on PAKO
PAKO files the abbreviated format. That format states no turnover. The gross margin fell from €108,697 in 2006 to €19,965 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PAKO
- What is the company number of PAKO?
- The company number of PAKO is 0476.794.293. The VAT number is the same number with BE in front: BE 0476.794.293.
- Where is PAKO based?
- The registered office is at Rue Houssière 8, 7911 Frasnes-lez-Anvaing.Company details
- What does PAKO do?
- According to the KBO register, the main activity is manufacture of imitation jewellery and related articles (NACE 32130).
- What is the legal form of PAKO?
- PAKO is a private limited company (pre-2019) (BVBA).
- When was PAKO founded?
- PAKO was founded on 29-01-2002.
- Is PAKO still active?
- Yes, PAKO is an active enterprise in the KBO register.
- What is the turnover of PAKO?
- The turnover of PAKO was €239,887 in financial year 2025, according to the filed annual accounts.Financials
- Is PAKO profitable?
- In financial year 2025, PAKO made a profit of €11,819.
- Where can I find the annual accounts of PAKO?
- PAKO filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PAKO due?
- PAKO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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