PAM
ActiveSummary
PAM has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-11k) and a net result of €633. Equity is shrinking by ~48.8% per year across the filed fiscal years. Its solvency ranks better than 10% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability70▲+1
Solvency3▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.15 against 0.1 in 2023; short-term debt: 120.1% and cash: 4.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-21.7%
Return on assets
1.2%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 14079 sector peers (2025).
NBB · sector comparisonPosition among 14079 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 7 filingsDeviation from the deadline
2025
31 d late
2023
125 d late
2022
32 d late
2021
153 d late
2020
31 d late
2019
92 d late
2018
30 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
€-11k▲ 23.3%
2023 · €-14k
2018: €10k
2019: €5k
2020: €-1k
2021: €-8k
2022: €-15k
2023: €-14k
2018 → 2025
Total assets
€51k▼ 6.2%
2023 · €55k
2018: €97k
2019: €88k
2020: €81k
2021: €70k
2022: €57k
2023: €55k
2018 → 2025
Net result
€633▲ 275%
2023 · €169
2018: €-9k
2019: €-5k
2020: €-6k
2021: €-7k
2022: €-6k
2023: €169
2018 → 2025
Working capital
€-52k▼ 4.0%
2023 · €-50k
2018: €-41k
2019: €-42k
2020: €-45k
2021: €-48k
2022: €-51k
2023: €-50k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€-1k-€-8k▼ 603%€-15k▼ 75.5%€-14k▲ 1.2%€-11k▲ 23.3%
Operating result€-6k-€-7k▼ 28.7%€-5k▲ 23.8%€488€760▲ 55.7%
Net result€-6k-€-7k▼ 19.3%€-6k▲ 12.0%€169€633▲ 275%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €760 in 2025, compared with €488 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €51k
Fixed assets
€42k ▼ 13.9%
Current assets
€9k ▲ 60.6%
Key figures and ratios
EBITDA
€4k▼
2023 · €7k
Cash flow
€4k▼
2023 · €7k
Solvency
-21.7%▲
2023 · -26.5%
Current ratio
0.15▲
2023 · 0.10
Debt to equity
-5.62▼
2023 · -4.78
ROA
1.2%▲
2023 · 0.3%
Interest coverage
25.51▼
2023 · 30.55
Debt
€62k▼
2023 · €69k
Debt ≤ 1 year
€61k▲
2023 · €56k
Income taxes
€-36▼
2023 · €76
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 2023 · 37 lines
Balance sheet
Code20232025
Assets
Total assets20/58€55k€51k▼
Fixed assets21/28€49k€42k▼
Tangible fixed assets22/27€49k€42k▼
Land and buildings22€49k€42k▼
Current assets29/58€6k€9k▲
Amounts receivable within one year40/41€568€7k▲
Other amounts receivable41€568€7k▲
Cash at bank and in hand54/58€5k€2k▼
Equity and liabilities
Total equity and liabilities10/49€55k€51k▼
Equity10/15€-14k€-11k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-33k€-30k▲
Amounts payable17/49€69k€62k▼
Amounts payable after more than one year17€13k-
Financial debts170/4€13k-
Amounts payable within one year42/48€56k€61k▲
Current portion of amounts payable after more than one year42€13k€13k▲
Trade debts44€703€2k▲
Suppliers440/4€703€2k▲
Taxes, remuneration and social security45€596-
Taxes450/3€596-
Other amounts payable47/48€42k€46k▲
Accrued charges and deferred income492/3€112€821▲
Income statement
Code20232025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€3k▼
Other operating charges640/8€516€931▲
Gross operating margin9900€8k€5k▼
Operating profit (loss)9901€488€760▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€242€163▼
Recurring financial charges65€242€163▼
Profit (loss) for the period before taxes9903€245€597▲
Income taxes67/77€76€-36▼
Profit (loss) for the period9904€169€633▲
Profit (loss) for the period to be appropriated9905€169€633▲
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€-30k▲
Profit (loss) brought forward from the previous period14P€-33k€-30k▲
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €633 ▲275%
Operating result €760, net result €633, both a record.
2024
03-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 125 days late
2023
31-12
Financial
Back to profitnet €169
Net result €169 after 5 loss-making years.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 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, Gent · 1 establishment unit since 2018
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.
Congreslaan 209000 GentGround area
221 m²
Building footprint
110 m²
Volume, LiDAR
1,475 m³
Parcel 44808H0093/00B002, Flanders · tallest building 20.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
PAM
since 20182.274.191.625
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0093/00B002 | Flanders | 221 m² | 1 · 110 m² | 20.4 m · 5 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
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BE 0437.017.068
Wavre · Eq €4,890
IMMOLDENHOVE
BE 0806.607.359
Waterloo · Eq €4,705
VB INVEST
BE 0802.156.742
Walcourt · Eq €4,962
Gillermo
BE 0781.893.838
Sint-Martens-Latem · Eq €5,000
Of 3,768 companies in sector 68321 we hold annual accounts for 1,391. 382 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 (pre-2019)
Founded06-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.