PAMARICA
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 27-01-2026 PDF all 28 filings
Turnover
≈ €3,000
Estimated: probably between €2,000 and €5,100
Total assets
€104,739▼ 9.5%
2024 · €115,765
Net result
-€10,786▲ 47.5%
2024 · -€20,536
Working capital
-€87,580▲ 1.6%
2024 · -€89,003
In the rankings
#4 oldest company in Kraainem, Health and social work sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€10,610
▲ 48.2%
2025
20192025
Net result
-€10,786
▲ 47.5%
2025
lowest quarter of the sector
20192025
Equity
€3,284
▼ 76.7%
2025
lowest quarter of the sector
20192025
Total assets
€104,739
▼ 9.5%
2025
lowest quarter of the sector
20192025
Debt
€101,455
▼ 0.2%
2025
20192025
Working capital
-€87,580
▲ 1.6%
2025
lowest quarter of the sector
20192025
Solvency
3.1%
▼ 9.0pp
2025
lowest quarter of the sector
20192025
Current ratio
0.13
▲ 0.01
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
-10.3%
▲ 7.4pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€4,143--€6,169▼ 48.9%-€14,211▼ 130%-€16,603▼ 16.8%-€2,475▲ 85.1%-€20,471▼ 727%-€10,610▲ 48.2%
Net result-€4,226--€3,558below the sector's middle half▲ 15.8%-€12,191below the sector's middle half▼ 243%-€14,390below the sector's middle half▼ 18.0%-€2,653below the sector's middle half▲ 81.6%-€20,536below the sector's middle half▼ 674%-€10,786below the sector's middle half▲ 47.5%
Equity€67,398-€63,840within the sector's middle half▼ 5.3%€51,649below the sector's middle half▼ 19.1%€37,259below the sector's middle half▼ 27.9%€34,606below the sector's middle half▼ 7.1%€14,070below the sector's middle half▼ 59.3%€3,284below the sector's middle half▼ 76.7%
Total assets€75,752-€65,636below the sector's middle half▼ 13.4%€53,182below the sector's middle half▼ 19.0%€94,826below the sector's middle half▲ 78.3%€75,814below the sector's middle half▼ 20.0%€115,765below the sector's middle half▲ 52.7%€104,739below the sector's middle half▼ 9.5%
Debt€8,354-€1,796▼ 78.5%€1,533▼ 14.6%€57,567▲ 38×€41,207▼ 28.4%€101,695▲ 147%€101,455▼ 0.2%
Working capital€73,398-€65,340within the sector's middle half▼ 11.0%€52,749within the sector's middle half▼ 19.3%-€15,754below the sector's middle half-€30,948below the sector's middle half▼ 96.4%-€89,003below the sector's middle half▼ 188%-€87,580below the sector's middle half▲ 1.6%
Solvency89.0%-97.3%above the sector's middle half▲ 8.3pp97.1%above the sector's middle half▼ 0.1pp39.3%within the sector's middle half▼ 57.8pp45.6%within the sector's middle half▲ 6.4pp12.2%below the sector's middle half▼ 33.5pp3.1%below the sector's middle half▼ 9.0pp
Current ratio32.18-0.72below the sector's middle half0.23below the sector's middle half▼ 0.490.12below the sector's middle half▼ 0.110.13below the sector's middle half▲ 0.01
Return on assets (ROA)-5.6%--5.4%below the sector's middle half▲ 0.2pp-22.9%below the sector's middle half▼ 17.5pp-15.2%below the sector's middle half▲ 7.7pp-3.5%below the sector's middle half▲ 11.7pp-17.7%below the sector's middle half▼ 14.2pp-10.3%below the sector's middle half▲ 7.4pp
above
within
below
The sector band is the middle half of the companies in Human health activities (NACE 86). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €10,610, smaller than the loss of €20,471 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €104,739
Fixed assets
€91,964 ▼ 11.7%
Current assets
€12,775 ▲ 10.2%
Equity and liabilities €104,739
Equity
€3,284 ▼ 76.7%
Debt
€101,455 ▼ 0.2%
Debt's share of the balance-sheet total rises from 87.8% to 96.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€4▲
2024 · -€11,048
Cash flow
-€179▲
2024 · -€11,113
Debt to equity
30.89▲
2024 · 7.23
ROE
-328.5%▼
2024 · -146.0%
Interest coverage
-0.02▲
2024 · -168.34
Debt ≤ 1 year
€100,355▼
2024 · €100,595
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €55,289 | €17,292 | €46,942 | €7,631 |
| Depreciation and write-downs of the year | €1,177 | €4,750 | €9,423 | €10,607 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €1,177 | €4,750 | €9,423 | €10,607 | ▲ 12.6% |
| Other operating charges640/8 | - | - | - | €745 | €348 | €384 | €496 | ▲ 29.1% |
| Gross operating margin9900 | -€3,795 | -€6,065 | -€14,211 | -€14,681 | €2,623 | -€10,664 | €493 | - |
| Operating profit (loss)9901 | -€4,143 | -€6,169 | -€14,211 | -€16,603 | -€2,475 | -€20,471 | -€10,610 | ▲ 48.2% |
| Financial income75/76B | - | - | - | €2,397 | €2 | €1 | €1 | ▲ 3.7% |
| Recurring financial income75 | - | €2,684 | €2,166 | €2,397 | €2 | €1 | €1 | ▲ 3.7% |
| Financial charges65/66B | - | - | - | €184 | €181 | €66 | €177 | ▲ 169% |
| Recurring financial charges65 | €83 | €73 | €146 | €184 | €181 | €66 | €177 | ▲ 169% |
| Profit (loss) for the period before taxes9903 | -€4,226 | -€3,558 | -€12,191 | -€14,390 | -€2,653 | -€20,536 | -€10,786 | ▲ 47.5% |
| Profit (loss) for the period9904 | -€4,226 | -€3,558 | -€12,191 | -€14,390 | -€2,653 | -€20,536 | -€10,786 | ▲ 47.5% |
| Profit (loss) for the period to be appropriated9905 | -€4,226 | -€3,558 | -€12,191 | -€14,390 | -€2,653 | -€20,536 | -€10,786 | ▲ 47.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €75,752 | €65,636 | €53,182 | €94,826 | €75,814 | €115,765 | €104,739 | ▼ 9.5% |
| Fixed assets21/28 | - | - | - | €54,113 | €66,654 | €104,173 | €91,964 | ▼ 11.7% |
| Tangible fixed assets22/27 | - | - | - | €54,113 | €66,654 | €104,173 | €91,964 | ▼ 11.7% |
| Furniture and vehicles24 | - | - | - | - | - | €10,964 | €8,376 | ▼ 23.6% |
| Other tangible fixed assets26 | - | - | - | €54,113 | €66,654 | €93,209 | €83,588 | ▼ 10.3% |
| Current assets29/58 | €75,752 | €65,636 | €53,182 | €40,713 | €9,160 | €11,592 | €12,775 | ▲ 10.2% |
| Amounts receivable within one year40/41 | €71,826 | €64,493 | €45,070 | €32,362 | €1,163 | €8,067 | €9,984 | ▲ 23.8% |
| Trade receivables40 | - | - | - | €242 | €1,163 | €8,067 | €9,984 | ▲ 23.8% |
| Other amounts receivable41 | - | - | - | €32,120 | - | - | - | - |
| Cash at bank and in hand54/58 | €3,926 | €1,130 | €7,258 | €7,543 | €7,158 | €2,924 | €2,791 | ▼ 4.5% |
| Deferred charges and accrued income490/1 | - | - | - | €808 | €838 | €601 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €75,752 | €65,636 | €53,182 | €94,826 | €75,814 | €115,765 | €104,739 | ▼ 9.5% |
| Equity10/15 | €67,398 | €63,840 | €51,649 | €37,259 | €34,606 | €14,070 | €3,284 | ▼ 76.7% |
| Contributions10/11 | €18,592 | - | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €46,947 | €43,389 | €31,198 | €16,808 | €14,155 | -€6,381 | -€17,167 | ▼ 169% |
| Amounts payable17/49 | €8,354 | €1,796 | €1,533 | €57,567 | €41,207 | €101,695 | €101,455 | ▼ 0.2% |
| Amounts payable within one year42/48 | €2,354 | €296 | €433 | €56,467 | €40,107 | €100,595 | €100,355 | ▼ 0.2% |
| Trade debts44 | €2,354 | - | - | €56,036 | €300 | €9,534 | €8,396 | ▼ 11.9% |
| Suppliers440/4 | - | - | - | €56,036 | €300 | €9,534 | €8,396 | ▼ 11.9% |
| Taxes, remuneration and social security45 | - | - | - | €431 | €730 | €709 | €562 | ▼ 20.7% |
| Taxes450/3 | - | - | - | €431 | €730 | €709 | €562 | ▼ 20.7% |
| Other amounts payable47/48 | - | - | - | - | €39,077 | €90,352 | €91,397 | ▲ 1.2% |
| Accrued charges and deferred income492/3 | - | - | - | €1,100 | €1,100 | €1,100 | €1,100 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,226 | -€3,558 | -€12,191 | -€14,390 | -€2,653 | -€20,536 | -€10,786 | ▲ 47.5% |
| + Depreciation and write-downs630 | - | - | - | €1,177 | €4,750 | €9,423 | €10,607 | ▲ 12.6% |
| Operating cash flow (approximation) | -€4,226 | -€3,558 | -€12,191 | -€13,213 | €2,097 | -€11,113 | -€179 | ▲ 98.4% |
| Investment in fixed assets (approximation) | - | - | - | - | -€17,292 | -€46,942 | €1,603 | - |
| Change in cash | - | -€2,796 | €6,128 | €285 | -€385 | -€4,235 | -€133 | ▲ 96.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 540 companies had the same profile as PAMARICA has now. Two years later, 85.9% were still going and 5.2% had gone bankrupt.
- Micro
- 20 years or older
- solvency under 10%
- a loss of 10% of the balance sheet or more
85.9%
was still going
8.3%
stopped otherwise
5.2%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PAMARICA itself: 2.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 540 companies, not a prediction for PAMARICA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 27-01-2026 | 2026-00019586 | |
| 30-06-2024 | micro format | 28-01-2025 | 2025-00016565 | |
| 30-06-2023 | micro format | 23-01-2024 | 2024-00004882 | |
| 30-06-2022 | micro format | 19-01-2023 | 2023-00000568 | |
| 30-06-2021 | micro format | 28-01-2022 | 2022-03800100 | |
| 30-06-2020 | micro format | 01-03-2021 | 2021-06800523 | |
| 30-06-2019 | micro format | 25-02-2020 | 2020-05600444 | |
| 30-06-2018 | micro format | 28-02-2019 | 2019-06200002 | |
| 30-06-2017 | micro format | 20-04-2018 | 2018-10400051 | |
| 30-06-2016 | abbreviated format | 19-04-2018 | 2018-10200201 |