PAMABEL
ActiveSummary
PAMABEL has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of €21,211. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 84% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-5
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days acceptable
Liquidity ample (current ratio 5.49 against 13.53 in 2024; short-term debt: 3.7% and cash: 9.6% of total assets), and 21.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 · 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
78.2%
Return on assets
1%
Age of the figures
9 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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-05-2026, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
72 d early
2024
42 d early
2023
104 d early
2022
77 d early
2021
32 d early
2020
2 d early
2019
123 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 65 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 20 May (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1.7m▼ 25.9%
2024 · €2.3m
Total assets
€2.2m▼ 22.4%
2024 · €2.9m
Net result
€21,211▼ 85.3%
2024 · €143,977
Working capital
€367,265▼ 59.1%
2024 · €896,994
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€464,458▲ 87.1%€511,211▲ 10.1%€788,003▲ 54.1%€185,719▼ 76.4%€51,281▼ 72.4%
Net result€315,187above the sector's middle half▲ 96.8%€237,657above the sector's middle half▼ 24.6%€560,904above the sector's middle half▲ 136%€143,977above the sector's middle half▼ 74.3%€21,211within the sector's middle half▼ 85.3%
Equity€2.3mabove the sector's middle half▲ 15.8%€2.2mabove the sector's middle half▼ 5.5%€2.6mabove the sector's middle half▲ 19.0%€2.3mabove the sector's middle half▼ 9.6%€1.7mabove the sector's middle half▼ 25.9%
Total assets€3.0mwithin the sector's middle half▲ 38.8%€2.9mwithin the sector's middle half▼ 3.6%€3.3mwithin the sector's middle half▲ 13.7%€2.9mabove the sector's middle half▼ 12.8%€2.2mabove the sector's middle half▼ 22.4%
Debt€658,000▲ 382%€677,384▲ 2.9%€660,283▼ 2.5%€490,483▼ 25.7%€456,823▼ 6.9%
Working capital€752,661above the sector's middle half▲ 11.3%€691,458above the sector's middle half▼ 8.1%€1.1mabove the sector's middle half▲ 62.3%€896,994above the sector's middle half▼ 20.1%€367,265above the sector's middle half▼ 59.1%
Solvency77.0%above the sector's middle half▼ 15.2pp75.5%above the sector's middle half▼ 1.5pp79.0%above the sector's middle half▲ 3.5pp81.9%above the sector's middle half▲ 2.9pp78.2%above the sector's middle half▼ 3.7pp
Current ratio6.64above the sector's middle half▲ 0.684.63above the sector's middle half▼ 2.016.39above the sector's middle half▲ 1.7613.53above the sector's middle half▲ 7.145.49above the sector's middle half▼ 8.04
Return on assets (ROA)10.5%above the sector's middle half▲ 3.1pp8.2%above the sector's middle half▼ 2.3pp17.1%above the sector's middle half▲ 8.9pp5.0%within the sector's middle half▼ 12.1pp1.0%within the sector's middle half▼ 4.1pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result -74% on 2023. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 72% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€1.8m ▼ 6.5%
Current assets
€448,990 ▼ 53.6%
Equity and liabilities €2.2m
Equity
€1.7m ▼ 25.9%
Provisions
€27,851 ▼ 3.4%
Debt
€456,823 ▼ 6.9%
Debt's share of the balance-sheet total rises from 17.1% to 20.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€153,035▼
2024 · €241,438
Cash flow
€122,964▼
2024 · €199,696
Quick ratio
4.74▼
2024 · 12.80
Debt to equity
0.26▲
2024 · 0.21
ROE
1.2%▼
2024 · 6.1%
Interest coverage
14.24▼
2024 · 35.80
Debt ≤ 1 year
€81,725▲
2024 · €71,593
Debt > 1 year
€374,667▼
2024 · €412,133
Income taxes
€23,846▼
2024 · €46,724
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,045 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.3%
went bankrupt
3.6%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,045 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €67,290 | €19,599 | €69,398 | €24,812 | ▼ 64.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €129,969 | €68,225 | €55,144 | €55,719 | €101,754 | ▲ 82.6% |
| Other operating charges640/8 | €16,324 | €21,920 | €22,369 | €23,820 | €25,439 | ▲ 6.8% |
| Non-recurring operating charges66A | €1,302 | - | - | - | - | - |
| Gross operating margin9900 | €612,054 | €601,356 | €865,516 | €265,258 | €178,474 | ▼ 32.7% |
| Operating profit (loss)9901 | €464,458 | €511,211 | €788,003 | €185,719 | €51,281 | ▼ 72.4% |
| Financial income75/76B | €6,930 | €9,205 | €18,015 | €10,758 | €3,554 | ▼ 67.0% |
| Recurring financial income75 | €6,930 | €9,205 | €18,015 | €10,758 | €3,554 | ▼ 67.0% |
| Financial charges65/66B | €4,291 | €7,826 | €8,959 | €6,743 | €10,747 | ▲ 59.4% |
| Recurring financial charges65 | €4,291 | €7,826 | €8,959 | €6,743 | €10,747 | ▲ 59.4% |
| Profit (loss) for the period before taxes9903 | €467,097 | €512,590 | €797,058 | €189,733 | €44,088 | ▼ 76.8% |
| Transfer from deferred taxes780 | €219 | €968 | €968 | €968 | €968 | = |
| Income taxes67/77 | €152,129 | €275,900 | €237,123 | €46,724 | €23,846 | ▼ 49.0% |
| Profit (loss) for the period9904 | €315,187 | €237,657 | €560,904 | €143,977 | €21,211 | ▼ 85.3% |
| Transfer from tax-exempt reserves789 | €19,406 | €355,424 | €2,904 | €2,904 | €2,904 | = |
| Profit (loss) for the period to be appropriated9905 | €334,593 | €593,081 | €563,807 | €146,881 | €24,114 | ▼ 83.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.0m | €2.9m | €3.3m | €2.9m | €2.2m | ▼ 22.4% |
| Fixed assets21/28 | €2.1m | €2.0m | €2.0m | €1.9m | €1.8m | ▼ 6.5% |
| Tangible fixed assets22/27 | €2.1m | €2.0m | €2.0m | €1.9m | €1.8m | ▼ 6.6% |
| Land and buildings22 | €2.0m | €1.8m | €1.8m | €1.7m | €1.7m | ▲ 1.2% |
| Plant, machinery and equipment23 | €21,768 | €24,627 | €21,642 | €18,656 | €15,671 | ▼ 16.0% |
| Furniture and vehicles24 | - | - | €2,657 | €1,689 | €721 | ▼ 57.3% |
| Other tangible fixed assets26 | €58,768 | €147,021 | €147,021 | €146,876 | €5,205 | ▼ 96.5% |
| Financial fixed assets28 | €100 | - | - | - | €2,000 | - |
| Current assets29/58 | €886,127 | €881,775 | €1.3m | €968,587 | €448,990 | ▼ 53.6% |
| Amounts receivable after more than one year29 | €359,303 | €382,150 | €379,590 | €33,449 | €63,653 | ▲ 90.3% |
| Trade receivables290 | €9,303 | €32,150 | €29,590 | €33,115 | €63,653 | ▲ 92.2% |
| Other amounts receivable291 | €350,000 | €350,000 | €350,000 | €335 | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €22,453 | €25,261 | €42,719 | €52,269 | €61,440 | ▲ 17.5% |
| Stocks30/36 | €22,453 | €25,261 | €42,719 | €52,269 | €61,440 | ▲ 17.5% |
| Amounts receivable within one year40/41 | €36,680 | €168,703 | €30,774 | €72,170 | €68,766 | ▼ 4.7% |
| Trade receivables40 | €36,098 | €168,703 | €30,177 | €22,170 | €21,109 | ▼ 4.8% |
| Other amounts receivable41 | €582 | - | €597 | €50,000 | €47,657 | ▼ 4.7% |
| Current investments50/53 | - | - | €500,000 | €0 | - | - |
| Cash at bank and in hand54/58 | €419,589 | €231,465 | €299,708 | €625,872 | €212,995 | ▼ 66.0% |
| Deferred charges and accrued income490/1 | €48,103 | €74,196 | €77,585 | €184,826 | €42,137 | ▼ 77.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.0m | €2.9m | €3.3m | €2.9m | €2.2m | ▼ 22.4% |
| Equity10/15 | €2.3m | €2.2m | €2.6m | €2.3m | €1.7m | ▼ 25.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €2.3m | €2.2m | €2.6m | €2.3m | €1.7m | ▼ 26.1% |
| Tax-exempt reserves132 | €447,688 | €92,264 | €89,360 | €86,456 | €83,553 | ▼ 3.4% |
| Distributable reserves133 | €1.8m | €2.1m | €2.5m | €2.2m | €1.6m | ▼ 27.0% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Provisions and deferred taxes16 | €31,723 | €30,755 | €29,787 | €28,819 | €27,851 | ▼ 3.4% |
| Deferred taxes168 | €31,723 | €30,755 | €29,787 | €28,819 | €27,851 | ▼ 3.4% |
| Amounts payable17/49 | €658,000 | €677,384 | €660,283 | €490,483 | €456,823 | ▼ 6.9% |
| Amounts payable after more than one year17 | €524,533 | €487,067 | €449,600 | €412,133 | €374,667 | ▼ 9.1% |
| Financial debts170/4 | €524,533 | €487,067 | €449,600 | €412,133 | €374,667 | ▼ 9.1% |
| Amounts payable within one year42/48 | €133,466 | €190,317 | €208,119 | €71,593 | €81,725 | ▲ 14.2% |
| Current portion of amounts payable after more than one year42 | €37,467 | €37,467 | €37,467 | €37,467 | €37,467 | = |
| Trade debts44 | €59,576 | €18,984 | €9,225 | €13,531 | €26,001 | ▲ 92.2% |
| Suppliers440/4 | €59,576 | €18,984 | €9,225 | €13,531 | €26,001 | ▲ 92.2% |
| Taxes, remuneration and social security45 | €36,424 | €109,358 | €75,486 | €20,596 | €5,347 | ▼ 74.0% |
| Taxes450/3 | €36,424 | €109,358 | €75,486 | €20,596 | €5,347 | ▼ 74.0% |
| Other amounts payable47/48 | - | €24,508 | €85,941 | €0 | €12,911 | - |
| Accrued charges and deferred income492/3 | - | - | €2,564 | €6,757 | €431 | ▼ 93.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €315,187 | €237,657 | €560,904 | €143,977 | €21,211 | ▼ 85.3% |
| + Depreciation and write-downs630 | €129,969 | €68,225 | €55,144 | €55,719 | €101,754 | ▲ 82.6% |
| Operating cash flow (approximation) | €445,156 | €305,883 | €616,048 | €199,696 | €122,964 | ▼ 38.4% |
| Investment in fixed assets (approximation) | - | €35,174 | -€2,903 | €2,112 | €20,510 | ▲ 871% |
| Change in cash | - | -€188,124 | €68,243 | €326,164 | -€412,878 | ▼ 227% |
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
30-06
State Gazette act
General meeting · Other statement
Share class · Statutes amendment
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €21,211 ▼85.3%
Net result drops to €21,211, the lowest in the series.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 13.53
Current ratio from 6.39 to 13.53; short-term debt falls from €208,119 to €71,593.
18-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €2mEq €2.3m ▲15.8%
4 profitable years in a row build equity to €2.3m.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity doublescurrent ratio 5.96
Current ratio from 2.88 to 5.96; short-term debt falls from €221,010 to €136,211.
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Sint-Martens-Latem · 1 establishment unit since 2013
Ground area
5,362 m²
Building footprint
245 m²
Volume, LiDAR
2,268 m³
Parcel 44064A0267/00Z000, Flanders · tallest building 25.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
PAMABEL
since 20132.218.935.376
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064A0267/00Z000 | Flanders | 5,362 m² | 1 · 245 m² | 25.9 m · 2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
- Sourceown accounts 202533.33%
According to the 2025 annual accounts of PAMABEL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
9845006C2DC39DDF5602
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Identification & contact
Identification
Legal formPrivate limited company
Founded01-03-2013
Fiscal year end31-12
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
47252Retail sale of beverages, general range
Contact
Phone
058/52.05.40
E-invoicing
Reachable via Peppol
Peppol ID
0208:0518986523
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.