Summary
Pamico is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €682,288 and a net result of €99,578. Equity is growing by about 22% per year across the filed financial years. Its solvency ranks better than 68% of 9,660 sector peers (NACE 64, financial year 2025). The company has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€682,288▲ 5.7%
2024 · €645,533
Net result
€99,578▼ 58.5%
2024 · €240,182
Total assets
€966,087▲ 5.0%
2024 · €920,254
Solvency
70.6%▲ 0.5pp
2024 · 70.1%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 56% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€156,678
2025
Net result€99,578
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€966,087
2025
Equity€682,288
2025
Debt€283,799
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€430,735
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)10.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency70.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.52
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€108,391-€147,768▲ 36.3%€89,262▼ 39.6%€130,248▲ 45.9%€168,597▲ 29.4%€184,045▲ 9.2%€355,038▲ 92.9%€156,678▼ 55.9%
Net result€74,465-€101,449▲ 36.2%€62,824above the sector's middle half▼ 38.1%€87,324above the sector's middle half▲ 39.0%€115,965above the sector's middle half▲ 32.8%€128,452above the sector's middle half▲ 10.8%€240,182above the sector's middle half▲ 87.0%€99,578above the sector's middle half▼ 58.5%
Equity€85,251-€186,701▲ 119%€249,524within the sector's middle half▲ 33.6%€336,848within the sector's middle half▲ 35.0%€452,813above the sector's middle half▲ 34.4%€506,801above the sector's middle half▲ 11.9%€645,533above the sector's middle half▲ 27.4%€682,288above the sector's middle half▲ 5.7%
Total assets€119,436-€243,634▲ 104%€325,776within the sector's middle half▲ 33.7%€431,346within the sector's middle half▲ 32.4%€585,949within the sector's middle half▲ 35.8%€698,842within the sector's middle half▲ 19.3%€920,254above the sector's middle half▲ 31.7%€966,087above the sector's middle half▲ 5.0%
Debt€34,184-€56,933▲ 66.5%€76,252▲ 33.9%€94,498▲ 23.9%€133,135▲ 40.9%€192,041▲ 44.2%€274,721▲ 43.1%€283,799▲ 3.3%
Working capital€79,854-€182,176▲ 128%€244,641above the sector's middle half▲ 34.3%€318,834above the sector's middle half▲ 30.3%€437,599above the sector's middle half▲ 37.2%€496,597above the sector's middle half▲ 13.5%€390,157above the sector's middle half▼ 21.4%€430,735above the sector's middle half▲ 10.4%
Solvency71.4%-76.6%▲ 5.3pp76.6%above the sector's middle half=78.1%above the sector's middle half▲ 1.5pp77.3%above the sector's middle half▼ 0.8pp72.5%within the sector's middle half▼ 4.8pp70.1%within the sector's middle half▼ 2.4pp70.6%within the sector's middle half▲ 0.5pp
Current ratio3.34-4.20▲ 0.864.21above the sector's middle half▲ 0.014.37above the sector's middle half▲ 0.174.29above the sector's middle half▼ 0.093.59within the sector's middle half▼ 0.702.42within the sector's middle half▼ 1.172.52within the sector's middle half▲ 0.10
Return on assets (ROA)62.3%-41.6%▼ 20.7pp19.3%within the sector's middle half▼ 22.4pp20.2%within the sector's middle half▲ 1.0pp19.8%within the sector's middle half▼ 0.5pp18.4%within the sector's middle half▼ 1.4pp26.1%above the sector's middle half▲ 7.7pp10.3%within the sector's middle half▼ 15.8pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €966,087
Fixed assets
€251,553 ▼ 1.5%
Current assets
€714,535 ▲ 7.5%
Equity and liabilities €966,087
Equity
€682,288 ▲ 5.7%
Debt
€283,799 ▲ 3.3%
Debt's share of the balance-sheet total falls from 29.9% to 29.4%. Equity and debt are higher.
Key figures and ratios
ROE
14.6%▼
2024 · 37.2%
Debt ≤ 1 year
€283,799▲
2024 · €274,721
Income taxes
€52,448▼
2024 · €112,240
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,794 | €2,254 | €1,264 | €3,226 | €4,534 | €5,010 | €4,828 | €3,824 | ▼ 20.8% |
| Other operating charges640/8 | - | - | - | €1,587 | €2,497 | €1,799 | €2,290 | €2,730 | ▲ 19.2% |
| Gross operating margin9900 | €110,991 | €153,347 | €92,488 | €135,061 | €175,628 | €190,854 | €362,155 | €163,232 | ▼ 54.9% |
| Operating profit (loss)9901 | €108,391 | €147,768 | €89,262 | €130,248 | €168,597 | €184,045 | €355,038 | €156,678 | ▼ 55.9% |
| Financial income75/76B | - | - | - | €1,447 | €2,608 | €2,632 | €359 | €4,191 | ▲ 1,067% |
| Recurring financial income75 | €85 | €417 | €1,300 | €1,447 | €2,608 | €2,632 | €359 | €4,191 | ▲ 1,067% |
| Financial charges65/66B | - | - | - | €1,698 | €1,178 | €1,073 | €2,975 | €8,843 | ▲ 197% |
| Recurring financial charges65 | €1,894 | €1,409 | €1,559 | €1,698 | €1,178 | €1,073 | €2,975 | €8,843 | ▲ 197% |
| Profit (loss) for the period before taxes9903 | €106,582 | €146,776 | €89,003 | €129,998 | €170,026 | €185,604 | €352,422 | €152,026 | ▼ 56.9% |
| Income taxes67/77 | €32,117 | €45,327 | €26,179 | €42,674 | €54,061 | €57,152 | €112,240 | €52,448 | ▼ 53.3% |
| Profit (loss) for the period9904 | €74,465 | €101,449 | €62,824 | €87,324 | €115,965 | €128,452 | €240,182 | €99,578 | ▼ 58.5% |
| Profit (loss) for the period to be appropriated9905 | €74,465 | €101,449 | €62,824 | €87,324 | €115,965 | €128,452 | €240,182 | €99,578 | ▼ 58.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €119,436 | €243,634 | €325,776 | €431,346 | €585,949 | €698,842 | €920,254 | €966,087 | ▲ 5.0% |
| Fixed assets21/28 | €5,397 | €4,524 | €4,884 | €18,014 | €15,214 | €10,204 | €255,376 | €251,553 | ▼ 1.5% |
| Tangible fixed assets22/27 | €5,397 | €4,524 | €4,884 | €18,014 | €15,214 | €10,204 | €5,376 | €1,553 | ▼ 71.1% |
| Plant, machinery and equipment23 | - | - | - | €988 | €382 | €531 | €839 | €74 | ▼ 91.1% |
| Furniture and vehicles24 | - | - | - | €17,026 | €14,832 | €9,673 | €4,537 | €1,478 | ▼ 67.4% |
| Financial fixed assets28 | - | - | - | - | - | - | €250,000 | €250,000 | = |
| Current assets29/58 | €114,038 | €239,109 | €320,892 | €413,333 | €570,735 | €688,638 | €664,878 | €714,535 | ▲ 7.5% |
| Amounts receivable within one year40/41 | €28,827 | €48,031 | €77,983 | €112,136 | €165,449 | €94,810 | €223,856 | €117,343 | ▼ 47.6% |
| Trade receivables40 | - | - | - | €80,548 | €116,679 | €43,990 | €223,856 | €117,343 | ▼ 47.6% |
| Other amounts receivable41 | - | - | - | €31,588 | €48,770 | €50,819 | - | - | - |
| Current investments50/53 | - | - | - | - | €35,025 | €77,225 | €275,978 | €457,027 | ▲ 65.6% |
| Cash at bank and in hand54/58 | €81,024 | €189,225 | €241,491 | €299,583 | €367,254 | €515,069 | €163,096 | €139,394 | ▼ 14.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,614 | €3,007 | €1,534 | €1,948 | €772 | ▼ 60.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €119,436 | €243,634 | €325,776 | €431,346 | €585,949 | €698,842 | €920,254 | €966,087 | ▲ 5.0% |
| Equity10/15 | €85,251 | €186,701 | €249,524 | €336,848 | €452,813 | €506,801 | €645,533 | €682,288 | ▲ 5.7% |
| Contributions10/11 | €6,400 | €6,400 | - | €6,400 | €6,400 | €6,400 | €6,400 | €6,400 | = |
| Reserves13 | €76,325 | €177,774 | €240,598 | €327,921 | €443,887 | €497,874 | €636,606 | €673,361 | ▲ 5.8% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €326,061 | €442,027 | €497,874 | €636,606 | €673,361 | ▲ 5.8% |
| Profit (loss) carried forward14 | €2,527 | €2,527 | €2,527 | €2,527 | €2,527 | €2,527 | €2,527 | €2,527 | = |
| Amounts payable17/49 | €34,184 | €56,933 | €76,252 | €94,498 | €133,135 | €192,041 | €274,721 | €283,799 | ▲ 3.3% |
| Amounts payable within one year42/48 | €34,184 | €56,933 | €76,252 | €94,498 | €133,135 | €192,041 | €274,721 | €283,799 | ▲ 3.3% |
| Trade debts44 | €11,734 | €3,953 | €3,679 | €11,814 | €15,657 | €11,430 | €4,110 | €9,792 | ▲ 138% |
| Suppliers440/4 | - | - | - | €11,814 | €15,657 | €11,430 | €4,110 | €9,792 | ▲ 138% |
| Taxes, remuneration and social security45 | - | - | - | €82,123 | €116,788 | €106,147 | €141,695 | €138,171 | ▼ 2.5% |
| Taxes450/3 | - | - | - | €82,123 | €116,788 | €106,147 | €134,028 | €138,171 | ▲ 3.1% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €7,667 | - | - |
| Other amounts payable47/48 | - | - | - | €562 | €690 | €74,465 | €128,916 | €135,836 | ▲ 5.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €74,465 | €101,449 | €62,824 | €87,324 | €115,965 | €128,452 | €240,182 | €99,578 | ▼ 58.5% |
| + Depreciation and write-downs630 | €1,794 | €2,254 | €1,264 | €3,226 | €4,534 | €5,010 | €4,828 | €3,824 | ▼ 20.8% |
| Operating cash flow (approximation) | €76,258 | €103,704 | €64,088 | €90,550 | €120,500 | €133,462 | €245,010 | €103,402 | ▼ 57.8% |
| Investment in fixed assets (approximation) | - | -€1,381 | -€1,623 | -€16,356 | -€1,735 | €0 | -€250,000 | €0 | - |
| Change in cash | - | €108,202 | €52,266 | €58,092 | €67,671 | €147,815 | -€351,974 | -€23,702 | ▲ 93.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 16-07-2026 | 2026-00299090 |
| 31-12-2024 | micro format | 17-07-2025 | 2025-00279190 |
| 31-12-2023 | micro format | 05-07-2024 | 2024-00211554 |
| 31-12-2022 | micro format | 11-07-2023 | 2023-00223548 |
| 31-12-2021 | micro format | 15-07-2022 | 2022-20188960 |
| 31-12-2020 | micro format | 14-07-2021 | 2021-34800029 |
| 31-12-2019 | micro format | 10-07-2020 | 2020-28200122 |
| 31-12-2018 | micro format | 16-07-2019 | 2019-32200564 |
| 31-12-2017 | micro format | 10-07-2018 | 2018-30400293 |
| 31-12-2016 | micro format | 13-07-2017 | 2017-30300070 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.