PAMAC
ActiveSummary
The computed 12-month bankruptcy probability of PAMAC is 2.1% (moderate). The 2025 annual accounts show equity of €43,715 and a net result of €4,141. Equity is growing by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 71% of 27965 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability64▼-3
Solvency92▲+11
Growth56▼-5
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 25.18 against 5.45 in 2024; short-term debt: 3.9% and cash: 20.9% of total assets), and 33.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
2 d early
2022
2 d late
2021
3 d late
2020
40 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
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 close26-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€150,332▼ 22.5%
2024 · €193,855
EBIT margin
4.1%▲ 0.2pp
2024 · 3.9%
Net result
€4,141▼ 17.5%
2024 · €5,018
Working capital
€61,102▲ 7.8%
2024 · €56,667
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€219,227€204,495▼ 6.7%€193,855▼ 5.2%€150,332▼ 22.5%
Operating result€11,903▲ 408%€10,644▼ 10.6%€11,020▲ 3.5%€7,581▼ 31.2%€6,208▼ 18.1%
Net result€9,337▲ 529%€7,547▼ 19.2%€8,082▲ 7.1%€5,018▼ 37.9%€4,141▼ 17.5%
EBIT margin4.9%5.4%▲ 0.5pp3.9%▼ 1.5pp4.1%▲ 0.2pp
Equity€18,928▲ 97.4%€26,475▲ 39.9%€34,557▲ 30.5%€39,575▲ 14.5%€43,715▲ 10.5%
Total assets€54,729▲ 6.0%€52,062▼ 4.9%€68,437▲ 31.5%€70,856▲ 3.5%€65,602▼ 7.4%
Debt€26,237▼ 24.8%€11,457▼ 56.3%€16,378▲ 42.9%€12,741▼ 22.2%€2,527▼ 80.2%
Working capital€23,341▲ 75.0%€32,693▲ 40.1%€46,740▲ 43.0%€56,667▲ 21.2%€61,102▲ 7.8%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 18% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €65,602
Fixed assets
€1,973 ▲ 36.3%
Current assets
€63,628 ▼ 8.3%
Equity and liabilities €65,602
Equity
€43,715 ▲ 10.5%
Provisions
€19,360 ▲ 4.4%
Debt
€2,527 ▼ 80.2%
Debt's share of the balance-sheet total falls from 18.0% to 3.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6,970▼
2024 · €12,713
Cash flow
€4,903▼
2024 · €10,150
Current ratio
25.18▲
2024 · 5.45
Debt to equity
0.06▼
2024 · 0.32
ROE
9.5%▼
2024 · 12.7%
ROA
6.3%▼
2024 · 7.1%
Interest coverage
39.27▲
2024 · 28.46
Debt ≤ 1 year
€2,527▼
2024 · €12,741
Income taxes
€1,890▼
2024 · €2,116
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 | - | €219,227 | €204,495 | €193,855 | €150,332 | ▼ 22.5% |
| Non-recurring operating income76A | - | - | €1,303 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €199,263 | €180,354 | €179,755 | €142,916 | ▼ 20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,172 | €4,547 | €4,855 | €5,132 | €762 | ▼ 85.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €3,968 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €4,566 | €3,372 | €1,038 | €820 | ▼ 21.0% |
| Other operating charges640/8 | - | €755 | €2,229 | €1,548 | €911 | ▼ 41.1% |
| Gross operating margin9900 | €18,635 | €20,511 | €25,444 | €15,298 | €8,701 | ▼ 43.1% |
| Operating profit (loss)9901 | €11,903 | €10,644 | €11,020 | €7,581 | €6,208 | ▼ 18.1% |
| Financial income75/76B | - | - | €0 | €0 | - | - |
| Recurring financial income75 | - | - | €0 | €0 | - | - |
| Financial charges65/66B | - | €501 | €273 | €447 | €177 | ▼ 60.3% |
| Recurring financial charges65 | €400 | €501 | €273 | €447 | €177 | ▼ 60.3% |
| Profit (loss) for the period before taxes9903 | €11,503 | €10,143 | €10,747 | €7,134 | €6,030 | ▼ 15.5% |
| Income taxes67/77 | €2,166 | €2,596 | €2,665 | €2,116 | €1,890 | ▼ 10.7% |
| Profit (loss) for the period9904 | €9,337 | €7,547 | €8,082 | €5,018 | €4,141 | ▼ 17.5% |
| Profit (loss) for the period to be appropriated9905 | €9,337 | €7,547 | €8,082 | €5,018 | €4,141 | ▼ 17.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €54,729 | €52,062 | €68,437 | €70,856 | €65,602 | ▼ 7.4% |
| Fixed assets21/28 | €12,516 | €9,208 | €5,319 | €1,448 | €1,973 | ▲ 36.3% |
| Tangible fixed assets22/27 | €12,516 | €9,208 | €5,319 | €1,448 | €1,973 | ▲ 36.3% |
| Furniture and vehicles24 | - | €9,208 | €5,319 | €1,448 | €1,973 | ▲ 36.3% |
| Current assets29/58 | €42,214 | €42,854 | €63,118 | €69,408 | €63,628 | ▼ 8.3% |
| Amounts receivable within one year40/41 | €19,618 | €35,036 | €52,632 | €40,532 | €49,192 | ▲ 21.4% |
| Trade receivables40 | - | €21,519 | €31,091 | €17,681 | €19,126 | ▲ 8.2% |
| Other amounts receivable41 | - | €13,517 | €21,541 | €22,851 | €30,066 | ▲ 31.6% |
| Cash at bank and in hand54/58 | €20,874 | €6,646 | €9,762 | €27,991 | €13,684 | ▼ 51.1% |
| Deferred charges and accrued income490/1 | - | €1,173 | €724 | €884 | €753 | ▼ 14.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €54,729 | €52,062 | €68,437 | €70,856 | €65,602 | ▼ 7.4% |
| Equity10/15 | €18,928 | €26,475 | €34,557 | €39,575 | €43,715 | ▲ 10.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €10,868 | €18,415 | €26,497 | €31,515 | €35,655 | ▲ 13.1% |
| Provisions and deferred taxes16 | €9,564 | €14,130 | €17,502 | €18,540 | €19,360 | ▲ 4.4% |
| Provisions for liabilities and charges160/5 | - | €14,130 | €17,502 | €18,540 | €19,360 | ▲ 4.4% |
| Environmental obligations163 | - | €14,130 | €17,502 | €18,540 | €19,360 | ▲ 4.4% |
| Amounts payable17/49 | €26,237 | €11,457 | €16,378 | €12,741 | €2,527 | ▼ 80.2% |
| Amounts payable after more than one year17 | €7,365 | €1,296 | - | - | - | - |
| Financial debts170/4 | - | €1,296 | - | - | - | - |
| Amounts payable within one year42/48 | €18,872 | €10,162 | €16,378 | €12,741 | €2,527 | ▼ 80.2% |
| Current portion of amounts payable after more than one year42 | - | €6,069 | €783 | - | - | - |
| Trade debts44 | €1,238 | €596 | €12,931 | €10,625 | €637 | ▼ 94.0% |
| Suppliers440/4 | - | €596 | €12,931 | €10,625 | €637 | ▼ 94.0% |
| Taxes, remuneration and social security45 | - | €3,496 | €2,665 | €2,116 | €1,890 | ▼ 10.7% |
| Taxes450/3 | - | €3,496 | €2,665 | €2,116 | €1,890 | ▼ 10.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,337 | €7,547 | €8,082 | €5,018 | €4,141 | ▼ 17.5% |
| + Depreciation and write-downs630 | €4,172 | €4,547 | €4,855 | €5,132 | €762 | ▼ 85.1% |
| Operating cash flow (approximation) | €13,509 | €12,093 | €12,937 | €10,150 | €4,903 | ▼ 51.7% |
| Investment in fixed assets (approximation) | - | -€1,239 | -€966 | -€1,261 | -€1,287 | ▼ 2.1% |
| Change in cash | - | -€14,228 | €3,116 | €18,230 | -€14,308 | ▼ 178% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Liquidity times 5current ratio 25.18
Current ratio from 5.45 to 25.18; short-term debt falls from €12,741 to €2,527.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
31-03
Financial
Highest result since 2019net €9,337 ▲529%
Operating result €11,903, net result €9,337, both a record.
2020
10-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 40 days late
31-03
Financial
Weakest financial yearnet €1,485 ▼22.1%
Net result drops to €1,485, the lowest in the series; recovery starts the following year.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB 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-Jans-Molenbeek · 1 establishment unit since 2017
Ground area
417 m²
Building footprint
275 m²
Volume, LiDAR
4,751 m³
Parcel 21524C0284/00N004, Brussels · tallest building 21.2 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
PAMAC
since 20172.271.310.527
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0284/00N004 | Brussels | 417 m² | 1 · 274 m² | 21.2 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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RM BATIMENT
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 5,994 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-10-2017
Fiscal year end31-03
Activities, NACEBEL 2025
43990Other specialised construction activities
43221Plumbing work
43320Joinery installation
43350Other building finishing work
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.