PAM TEAM
ActiveSummary
PAM TEAM has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.96M and a net result of €-162k. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 61% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability23▲+2
Solvency77=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240k at 30 days acceptable
Liquidity ample (current ratio 4.17 against 4.32 in 2024; short-term debt: 12.4% and cash: 0.1% of total assets), and 48.4% of the assets are financed with debt.
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Signals
Six 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
51.6%
Return on assets
-2.1%
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 €-162k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 d late
2024
29 d late
2023
56 d late
2022
256 d late
2021
157 d late
2020
83 d late
2019
104 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€451k
EBIT margin
375.5%
Net result
€-162k▲ 30.3%
2024 · €-232k
Working capital
€3.03M▼ 2.6%
2024 · €3.11M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€451k
Operating result€1.69M▲ 1,736%€450k▼ 73.4%€266k▼ 40.9%€-23k€-61k▼ 166%
Net result€1.72M▲ 2,135%€281k▼ 83.7%€98k▼ 65.2%€-232k€-162k▲ 30.3%
EBIT margin375.5%
Equity€3.98M▲ 76.1%€4.26M▲ 7.1%€4.35M▲ 2.3%€4.12M▼ 5.3%€3.96M▼ 3.9%
Total assets€9.04M▲ 19.0%€9.21M▲ 1.8%€8.40M▼ 8.7%€7.92M▼ 5.8%€7.68M▼ 3.0%
Debt€4.54M▼ 6.0%€4.38M▼ 3.5%€3.58M▼ 18.2%€3.36M▼ 6.2%€3.32M▼ 1.2%
Working capital€2.02M▲ 7.1%€2.39M▲ 18.0%€2.96M▲ 24.1%€3.11M▲ 4.9%€3.03M▼ 2.6%
Staff (FTE)0.9=0.9=0.9=0.9=0.9=
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €61k in 2025 against €23k 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 €7.68M
Fixed assets
€3.70M ▼ 4.4%
Current assets
€3.98M ▼ 1.6%
Equity and liabilities €7.68M
Equity
€3.96M ▼ 3.9%
Provisions
€404k ▼ 7.0%
Debt
€3.32M ▼ 1.2%
Debt's share of the balance-sheet total rises from 42.4% to 43.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€108k▼
2024 · €159k
Cash flow
€8k▲
2024 · €-50k
Current ratio
4.17▼
2024 · 4.32
Debt to equity
0.84▲
2024 · 0.81
ROE
-4.1%▲
2024 · -5.6%
ROA
-2.1%▲
2024 · -2.9%
Interest coverage
0.85▲
2024 · 0.75
Debt ≤ 1 year
€955k▲
2024 · €938k
Debt > 1 year
€2.14M▼
2024 · €2.26M
Staff costs
€48k▲
2024 · €47k
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 |
|---|---|---|---|---|---|---|
| Turnover70 | €451k | - | - | - | - | - |
| Non-recurring operating income76A | €1.92M | €442k | €469k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €296k | - | - | - | - | - |
| Remuneration, social security and pensions62 | €38k | €39k | €43k | €47k | €48k | ▲ 2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €201k | €198k | €186k | €182k | €170k | ▼ 6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €96k | - |
| Other operating charges640/8 | €123k | €51k | €54k | €65k | €50k | ▼ 22.9% |
| Non-recurring operating charges66A | €30k | - | €160k | - | - | - |
| Gross operating margin9900 | €2.09M | €738k | €710k | €271k | €303k | ▲ 11.9% |
| Operating profit (loss)9901 | €1.69M | €450k | €266k | €-23k | €-61k | ▼ 166% |
| Financial income75/76B | €74k | €30k | €1 | €616 | €325 | ▼ 47.3% |
| Recurring financial income75 | €70k | €30k | €1 | €616 | €325 | ▼ 47.3% |
| Non-recurring financial income76B | €4k | - | - | €616 | €325 | ▼ 47.3% |
| Financial charges65/66B | €160k | €149k | €183k | €220k | €131k | ▼ 40.5% |
| Recurring financial charges65 | €160k | €149k | €178k | €212k | €128k | ▼ 39.5% |
| Non-recurring financial charges66B | - | - | €6k | €8k | €3k | ▼ 67.3% |
| Profit (loss) for the period before taxes9903 | €1.61M | €330k | €83k | €-242k | €-192k | ▲ 20.8% |
| Transfer from deferred taxes780 | €111k | €31k | €105k | €32k | €30k | ▼ 4.8% |
| Transfer to deferred taxes680 | - | €76k | - | - | - | - |
| Income taxes67/77 | - | €4k | €90k | €21k | - | - |
| Profit (loss) for the period9904 | €1.72M | €281k | €98k | €-232k | €-162k | ▲ 30.3% |
| Transfer from tax-exempt reserves789 | €215k | €61k | €204k | €62k | €59k | ▼ 4.8% |
| Transfer to tax-exempt reserves689 | €241k | €229k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.69M | €113k | €302k | €-170k | €-103k | ▲ 39.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.04M | €9.21M | €8.40M | €7.92M | €7.68M | ▼ 3.0% |
| Fixed assets21/28 | €5.12M | €4.94M | €4.05M | €3.87M | €3.70M | ▼ 4.4% |
| Tangible fixed assets22/27 | €3.83M | €3.65M | €2.78M | €2.60M | €2.43M | ▼ 6.5% |
| Land and buildings22 | €3.69M | €3.51M | €2.65M | €2.47M | €2.30M | ▼ 6.9% |
| Furniture and vehicles24 | €137k | €136k | €136k | €136k | €135k | ▼ 0.3% |
| Financial fixed assets28 | €1.30M | €1.30M | €1.27M | €1.27M | €1.27M | = |
| Current assets29/58 | €3.92M | €4.26M | €4.35M | €4.05M | €3.98M | ▼ 1.6% |
| Amounts receivable after more than one year29 | €2.78M | €2.98M | €3.66M | €3.66M | €3.66M | = |
| Other amounts receivable291 | €2.78M | €2.98M | €3.66M | €3.66M | €3.66M | = |
| Amounts receivable within one year40/41 | €582k | €558k | €349k | €251k | €253k | ▲ 0.6% |
| Trade receivables40 | - | - | €3k | €2k | €3k | ▲ 98.5% |
| Other amounts receivable41 | €582k | €558k | €346k | €250k | €250k | = |
| Cash at bank and in hand54/58 | €389k | €528k | €268k | €76k | €11k | ▼ 86.1% |
| Deferred charges and accrued income490/1 | €164k | €193k | €77k | €61k | €61k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.04M | €9.21M | €8.40M | €7.92M | €7.68M | ▼ 3.0% |
| Equity10/15 | €3.98M | €4.26M | €4.35M | €4.12M | €3.96M | ▼ 3.9% |
| Contributions10/11 | €1.24M | €1.24M | €1.24M | €1.24M | €1.24M | = |
| Capital10 | €1.24M | €1.24M | €1.24M | €1.24M | €1.24M | = |
| Issued capital100 | €1.24M | €1.24M | €1.24M | €1.24M | €1.24M | = |
| Outside capital11 | €143 | €143 | €143 | €143 | €143 | = |
| Share premium1100/10 | €143 | €143 | €143 | €143 | €143 | = |
| Reserves13 | €1.15M | €1.31M | €1.11M | €1.05M | €989k | ▼ 5.6% |
| Non-distributable reserves130/1 | €118k | €118k | €118k | €118k | €118k | = |
| Legal reserve130 | €118k | €118k | €118k | €118k | €118k | = |
| Tax-exempt reserves132 | €1.03M | €1.20M | €991k | €930k | €871k | ▼ 6.3% |
| Profit (loss) carried forward14 | €1.59M | €1.70M | €2.01M | €1.84M | €1.73M | ▼ 5.6% |
| Provisions and deferred taxes16 | €526k | €571k | €466k | €434k | €404k | ▼ 7.0% |
| Deferred taxes168 | €526k | €571k | €466k | €434k | €404k | ▼ 7.0% |
| Amounts payable17/49 | €4.54M | €4.38M | €3.58M | €3.36M | €3.32M | ▼ 1.2% |
| Amounts payable after more than one year17 | €2.58M | €2.38M | €2.09M | €2.26M | €2.14M | ▼ 5.0% |
| Financial debts170/4 | €711k | €635k | €667k | €858k | €725k | ▼ 15.5% |
| Other amounts payable178/9 | €1.86M | €1.75M | €1.42M | €1.40M | €1.42M | ▲ 1.4% |
| Amounts payable within one year42/48 | €1.89M | €1.87M | €1.39M | €938k | €955k | ▲ 1.8% |
| Current portion of amounts payable after more than one year42 | €253k | €190k | €173k | €196k | €133k | ▼ 32.3% |
| Financial debts43 | €1.35M | €1.35M | €950k | €550k | €550k | = |
| Credit institutions430/8 | €1.35M | €1.35M | €950k | €550k | €550k | = |
| Trade debts44 | €39k | €56k | €113 | €4k | €4k | ▲ 4.6% |
| Suppliers440/4 | €39k | €56k | €113 | €4k | €4k | ▲ 4.6% |
| Taxes, remuneration and social security45 | €25k | €50k | €90k | €108k | €92k | ▼ 14.4% |
| Taxes450/3 | €21k | €45k | €81k | €99k | €66k | ▼ 33.3% |
| Remuneration and social security454/9 | €5k | €5k | €9k | €9k | €26k | ▲ 191% |
| Other amounts payable47/48 | €226k | €227k | €176k | €80k | €176k | ▲ 120% |
| Accrued charges and deferred income492/3 | €70k | €123k | €109k | €164k | €218k | ▲ 32.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.72M | €281k | €98k | €-232k | €-162k | ▲ 30.3% |
| + Depreciation and write-downs630 | €201k | €198k | €186k | €182k | €170k | ▼ 6.5% |
| Operating cash flow (approximation) | €1.92M | €478k | €284k | €-50k | €8k | ▲ 116% |
| Investment in fixed assets (approximation) | - | €-16k | €707k | €0 | €0 | - |
| Change in cash | - | €139k | €-260k | €-192k | €-66k | ▲ 65.9% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 25 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-232k
Net result drops to €-232k, the lowest in the series; recovery starts the following year.
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 56 days late
12-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 256 days late
2023
04-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 157 days late
2021
31-12
Financial
Highest result since 2018net €1.72M ▲2,135%
Operating result €1.69M, net result €1.72M, both a record.
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 83 days late
2020
31-12
Financial
Back to profitnet €77k
Net result €77k after 2 loss-making years.
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 104 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 51 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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 1991
Ground area
578 m²
Building footprint
214 m²
Volume, LiDAR
3,383 m³
Parcel 44804D1152/00V004, Flanders · tallest building 21.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
PAM-TEAM NV
since 19912.053.971.238
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D1152/00V004 | Flanders | 578 m² | 1 · 214 m² | 21.6 m · 6 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.
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Of 9,143 companies in sector 68201 we hold annual accounts for 6,764. 3,459 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
Founded09-08-1991
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.