PAMAR
ActiveSummary
PAMAR has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €612k and a net result of €402k. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 82% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+12
Solvency96▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 3.18 against 2.04 in 2024; short-term debt: 28.5% and cash: 2.4% of total assets), and 28.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
71.5%
Return on assets
46.9%
Age of the figures
9 mo
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
76 d early
2023
26 d late
2022
25 d early
2021
40 d early
2020
72 d early
2019
72 d early
← 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, abbreviated schema
Equity
€612k▲ 3.4%
2024 · €591k
Total assets
€856k▲ 12.7%
2024 · €759k
Net result
€402k▲ 241%
2024 · €118k
Working capital
€534k▲ 206%
2024 · €174k
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
Operating result€60k▲ 9.5%€74k▲ 24.4%€110k▲ 47.6%€161k▲ 46.8%€525k▲ 226%
Net result€35k▲ 6.4%€57k▲ 59.8%€84k▲ 48.7%€118k▲ 39.4%€402k▲ 241%
Equity€438k▲ 8.8%€485k▲ 10.7%€569k▲ 17.4%€591k▲ 3.9%€612k▲ 3.4%
Total assets€752k▼ 5.2%€764k▲ 1.5%€777k▲ 1.7%€759k▼ 2.2%€856k▲ 12.7%
Debt€314k▼ 19.7%€279k▼ 11.3%€208k▼ 25.5%€168k▼ 19.2%€244k▲ 45.4%
Working capital€152k▲ 25.3%€182k▲ 19.5%€179k▼ 1.8%€174k▼ 2.5%€534k▲ 206%
Staff (FTE)1.9▲ 5.6%2▲ 5.3%1.8▼ 10.0%2.8▲ 55.6%2▼ 28.6%
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 226% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €856k
Fixed assets
€78k ▼ 81.3%
Current assets
€778k ▲ 127%
Equity and liabilities €856k
Equity
€612k ▲ 3.4%
Debt
€244k ▲ 45.4%
Debt's share of the balance-sheet total rises from 22.1% to 28.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€546k▲
2024 · €174k
Cash flow
€423k▲
2024 · €131k
Current ratio
3.18▲
2024 · 2.04
Quick ratio
0.58▼
2024 · 1.13
Debt to equity
0.40▲
2024 · 0.28
ROE
65.6%▲
2024 · 19.9%
ROA
46.9%▲
2024 · 15.5%
Interest coverage
73.98▲
2024 · 22.01
Debt ≤ 1 year
€244k▲
2024 · €168k
Income taxes
€121k▲
2024 · €41k
Staff costs
€69k▲
2024 · €61k
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3k | €0 | - | - |
| Remuneration, social security and pensions62 | €49k | €60k | €60k | €61k | €69k | ▲ 13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €16k | €10k | €13k | €21k | ▲ 61.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | €-4k | €0 | ▲ 100% |
| Other operating charges640/8 | €5k | €5k | €5k | €6k | €1k | ▼ 73.8% |
| Non-recurring operating charges66A | - | - | €2k | €4k | €178 | ▼ 95.8% |
| Gross operating margin9900 | €138k | €156k | €187k | €242k | €617k | ▲ 155% |
| Operating profit (loss)9901 | €60k | €74k | €110k | €161k | €525k | ▲ 226% |
| Financial income75/76B | €6k | €5k | €4k | €5k | €5k | ▼ 9.9% |
| Recurring financial income75 | €6k | €5k | €4k | €5k | €5k | ▼ 9.9% |
| Financial charges65/66B | €13k | €10k | €8k | €8k | €7k | ▼ 6.7% |
| Recurring financial charges65 | €13k | €10k | €8k | €8k | €7k | ▼ 6.7% |
| Profit (loss) for the period before taxes9903 | €53k | €69k | €106k | €159k | €522k | ▲ 230% |
| Income taxes67/77 | €17k | €12k | €22k | €41k | €121k | ▲ 195% |
| Profit (loss) for the period9904 | €35k | €57k | €84k | €118k | €402k | ▲ 241% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €168k | - |
| Profit (loss) for the period to be appropriated9905 | €35k | €57k | €84k | €118k | €233k | ▲ 98.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €752k | €764k | €777k | €759k | €856k | ▲ 12.7% |
| Fixed assets21/28 | €398k | €386k | €390k | €417k | €78k | ▼ 81.3% |
| Intangible fixed assets21 | - | - | - | €18k | €59k | ▲ 227% |
| Tangible fixed assets22/27 | €398k | €386k | €390k | €399k | €19k | ▼ 95.2% |
| Land and buildings22 | €375k | €371k | €368k | €381k | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €22k | €11k | €20k | €18k | €19k | ▲ 9.6% |
| Furniture and vehicles24 | €0 | €4k | €2k | €347 | €0 | ▼ 100% |
| Financial fixed assets28 | €99 | €109 | €92 | €0 | - | - |
| Current assets29/58 | €355k | €377k | €387k | €342k | €778k | ▲ 127% |
| Stocks and contracts in progress3 | €183k | €164k | €143k | €153k | €635k | ▲ 315% |
| Stocks30/36 | €183k | €164k | €143k | €153k | €635k | ▲ 315% |
| Amounts receivable within one year40/41 | €119k | €135k | €107k | €100k | €121k | ▲ 21.1% |
| Trade receivables40 | €119k | €135k | €106k | €100k | €91k | ▼ 8.3% |
| Other amounts receivable41 | €0 | €24 | €492 | €135 | €29k | ▲ 21,759% |
| Cash at bank and in hand54/58 | €53k | €78k | €137k | €84k | €21k | ▼ 75.5% |
| Deferred charges and accrued income490/1 | €0 | - | - | €6k | €1k | ▼ 78.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €752k | €764k | €777k | €759k | €856k | ▲ 12.7% |
| Equity10/15 | €438k | €485k | €569k | €591k | €612k | ▲ 3.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €7k | ▼ 64.5% |
| Reserves13 | €419k | €466k | €550k | €573k | €605k | ▲ 5.6% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €659 | ▼ 64.5% |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €659 | ▼ 64.5% |
| Tax-exempt reserves132 | €32k | €32k | €32k | €32k | €180k | ▲ 455% |
| Distributable reserves133 | €385k | €432k | €516k | €539k | €425k | ▼ 21.2% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €314k | €279k | €208k | €168k | €244k | ▲ 45.4% |
| Amounts payable after more than one year17 | €112k | €83k | €0 | - | - | - |
| Financial debts170/4 | €112k | €83k | €0 | - | - | - |
| Amounts payable within one year42/48 | €202k | €195k | €208k | €168k | €244k | ▲ 45.4% |
| Current portion of amounts payable after more than one year42 | €27k | €28k | €0 | - | - | - |
| Trade debts44 | €19k | €36k | €24k | €17k | €66k | ▲ 277% |
| Suppliers440/4 | €19k | €36k | €24k | €17k | €66k | ▲ 277% |
| Taxes, remuneration and social security45 | €41k | €46k | €34k | €60k | €34k | ▼ 43.9% |
| Taxes450/3 | €33k | €37k | €29k | €49k | €27k | ▼ 45.4% |
| Remuneration and social security454/9 | €8k | €9k | €5k | €11k | €7k | ▼ 37.5% |
| Other amounts payable47/48 | €115k | €85k | €150k | €90k | €145k | ▲ 60.3% |
| Accrued charges and deferred income492/3 | €350 | €228 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35k | €57k | €84k | €118k | €402k | ▲ 241% |
| + Depreciation and write-downs630 | €24k | €16k | €10k | €13k | €21k | ▲ 61.7% |
| Operating cash flow (approximation) | €60k | €73k | €94k | €131k | €423k | ▲ 224% |
| Investment in fixed assets (approximation) | - | €-5k | €-14k | €-40k | €318k | ▲ 895% |
| Change in cash | - | €25k | €58k | €-53k | €-63k | ▼ 19.6% |
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 · abbreviated schema · 25 days late
2025
31-12
Financial
Highest result since 2018net €402k ▲241%
Operating result €525k, net result €402k, both a record.
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-12
Financial
Equity above €500kEq €569k ▲17.4%
6 profitable years in a row build equity to €569k.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
20-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
23-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Deerlijk · 1 establishment unit since 1975
Ground area
677 m²
Building footprint
677 m²
Volume, LiDAR
3,497 m³
Parcel 34392C0025/00S002, Flanders · tallest building 12.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PAMAR
since 19752.067.667.044
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34392C0025/00S002 | Flanders | 677 m² | 1 · 677 m² | 12.1 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 111 EUR awarded · 111 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 111 EUR | 111 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,222 companies in sector 47400 we hold annual accounts for 1,806. 1,044 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 (pre-2019)
Founded24-12-1974
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
Scores and ratios are computed by Checked and are not a credit decision.