PAMA
ActivePAMA has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €28.58M and a net result of €725k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 912 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 46.58 against 43.92 in 2024; short-term debt: 1.2% and cash: 3.8% of total assets), and 4.4% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Sector 77
higher
← 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
95.6%
Return on assets
2.4%
Age of the figures
18 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 05-01-2026, 66 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
66 d late
2024
18 d late
2023
27 d late
2022
25 d late
2021
29 d late
2020
26 d late
2019
15 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close22-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€28.58M▲ 2.7%
2024 · €27.83M
2019: €15.35M
2020: €17.79M
2021: €19.45M
2022: €21.94M
2023: €27.18M
2024: €27.83M
2019 → 2025
Total assets
€29.90M▲ 1.7%
2024 · €29.39M
2019: €17.75M
2020: €20.05M
2021: €21.78M
2022: €23.64M
2023: €29.20M
2024: €29.39M
2019 → 2025
Net result
€725k▲ 12.4%
2024 · €645k
2019: €5.33M
2020: €2.44M
2021: €1.66M
2022: €2.49M
2023: €5.17M
2024: €645k
2019 → 2025
Working capital
€16.57M▼ 0.4%
2024 · €16.64M
2019: €5.29M
2020: €7.72M
2021: €8.84M
2022: €10.27M
2023: €15.96M
2024: €16.64M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19.45M-€21.94M▲ 12.8%€27.18M▲ 23.9%€27.83M▲ 2.4%€28.58M▲ 2.7%
Operating result€540k-€550k▲ 1.8%€631k▲ 14.7%€713k▲ 13.0%€761k▲ 6.8%
Net result€1.66M-€2.49M▲ 50.4%€5.17M▲ 107%€645k▼ 87.5%€725k▲ 12.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 7% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €29.90M
Fixed assets
€12.97M▲ 4.9%
Current assets
€16.93M▼ 0.6%
Equity and liabilities €29.90M
Equity
€28.58M▲ 2.7%
Provisions
€8k▼ 6.6%
Debt
€1.30M▼ 16.1%
The debt ratio falls from 5.3% to 4.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.33M▼
2024 · €1.35M
Cash flow
€1.30M▲
2024 · €1.29M
Solvency
95.6%▲
2024 · 94.7%
Current ratio
46.58▲
2024 · 43.92
Quick ratio
46.58▲
2024 · 43.92
Debt / equity
0.05▼
2024 · 0.06
ROE
2.5%▲
2024 · 2.3%
ROA
2.4%▲
2024 · 2.2%
Interest coverage
63.08▲
2024 · 21.50
Debt
€1.30M▼
2024 · €1.55M
Debt ≤ 1 year
€363k▼
2024 · €388k
Debt > 1 year
€937k▼
2024 · €1.17M
Income taxes
€248k▲
2024 · €224k
Staff costs
€38k▲
2024 · €22k
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€29.39M€29.90M▲
Fixed assets21/28€12.36M€12.97M▲
Tangible fixed assets22/27€5.20M€5.80M▲
Land and buildings22€2.50M€3.50M▲
Plant, machinery and equipment23€2.43M€2.06M▼
Furniture and vehicles24€255k€231k▼
Other tangible fixed assets26€6k€6k▼
Financial fixed assets28€7.16M€7.16M=
Current assets29/58€17.03M€16.93M▼
Amounts receivable after more than one year29€5.83M€8.54M▲
Other amounts receivable291€5.83M€8.54M▲
Amounts receivable within one year40/41€156k€152k▼
Trade receivables40€150k€150k=
Other amounts receivable41€7k€2k▼
Current investments50/53€6.45M€6.70M▲
Cash at bank and in hand54/58€470k€1.13M▲
Deferred charges and accrued income490/1€4.12M€409k▼
Equity and liabilities
Total equity and liabilities10/49€29.39M€29.90M▲
Equity10/15€27.83M€28.58M▲
Contributions10/11€7.76M€7.76M=
Capital10€7.76M€7.76M=
Issued capital100€7.76M€7.76M=
Revaluation surpluses12€92k€122k▲
Reserves13€19.97M€20.33M▲
Non-distributable reserves130/1€776k€776k=
Legal reserve130€776k€776k=
Tax-exempt reserves132€320k€676k▲
Distributable reserves133€18.88M€18.88M=
Profit (loss) carried forward14-€369k
Provisions and deferred taxes16€8k€8k▼
Deferred taxes168€8k€8k▼
Amounts payable17/49€1.55M€1.30M▼
Amounts payable after more than one year17€1.17M€937k▼
Financial debts170/4€1.17M€937k▼
Amounts payable within one year42/48€388k€363k▼
Current portion of amounts payable after more than one year42€224k€228k▲
Trade debts44€7k€47k▲
Suppliers440/4€7k€47k▲
Taxes, remuneration and social security45€84k€87k▲
Taxes450/3€79k€80k▲
Remuneration and social security454/9€5k€7k▲
Other amounts payable47/48€73k€1k▼
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€22k€38k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€640k€571k▼
Other operating charges640/8€19k€19k▲
Gross operating margin9900€1.39M€1.39M▼
Operating profit (loss)9901€713k€761k▲
Financial income75/76B€219k€232k▲
Recurring financial income75€219k€232k▲
Financial charges65/66B€63k€21k▼
Recurring financial charges65€63k€21k▼
Profit (loss) for the period before taxes9903€869k€972k▲
Transfer from deferred taxes780€563€564▲
Income taxes67/77€224k€248k▲
Profit (loss) for the period9904€645k€725k▲
Transfer from tax-exempt reserves789€2k€2k▲
Transfer to tax-exempt reserves689€295k€358k▲
Profit (loss) for the period to be appropriated9905€352k€369k▲
Appropriation of the result
Profit (loss) to be appropriated9906€352k€369k▲
Transfer to equity691/2€352k-
To other reserves6921€352k-
Social balance
Average headcount (FTE)90871.00.9▼
The notes to these accounts (20 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
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 66 days late
2024
18-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
31-03
Financial
Weakest financial yearnet €645k ▼87.5%
Net result drops to €645k, the lowest in the series; recovery starts the following year.
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
31-03
Financial
Equity above €25MEq €27.18M ▲23.9%
5 profitable years in a row build equity to €27.18M.
2022
25-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2019
15-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 15 days late
2018
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2017
17-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 17 days late
2016
14-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2020
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
22-12-2020
DE COCKER Geert: Resigned as Director
22-12-2020
DE MOOR Hilde: Resigned as Director
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 2010
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.
Makkegemstraat 349820 Merelbeke-MelleGround area
1,223 m²
Building footprint
171 m²
Parcel 44058C0083/00B000, Flanders. Linked by address, not a title deed.
1 establishment unit
PAMA
since 20102.193.106.058
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44058C0083/00B000 | Flanders | 1,223 m² | 1 · 171 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 3,000 EUR awarded · 3,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 3,000 EUR | 3,000 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Similar companies · same sector, comparable size
CWS HYGIENE BELGIE
BE 0423.205.456
Antwerpen · Eq €29.01M
SAS - IMMOBILIEN
BE 0447.888.095
Kampenhout · Eq €18.42M
VAN LOOY INVEST
BE 0436.700.136
Bonheiden · Eq €14.44M
Scandinavian Stevedoring Company
BE 0404.795.351
Antwerpen · Eq €11.80M
WELBI INVEST
BE 0457.041.036
Dessel · Eq €7.15M
Of 881 companies in sector 77229 we hold annual accounts for 319. 14 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded15-10-2010
Fiscal year end31-03
Activities, NACEBEL
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
82990Other business support services
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 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.