Turnover
≈ €390,000 estimated
The micro format states no turnover.
PAOLI
Lifetime
18 annual accounts with figures on one time axis, 30 filings since 1994peak €339,586 (2009)
€97,444▲ 15.7%
lowest -€260,588 (2013)
€95,805▲ 16.2%
peak €96,141 (2025)
€96,141▲ 18.2%
€4,198▲ 31.9%
peak 2.4 FTE (2010)
-not published
Board3 names since 2016
3 directorsDejans, Patricia Gabrielle Solange and 2 others
Documentsfilings and deeds
09-12-202581 days before the deadline
2025micro format
Gross margin from €84,207 to €97,444Equity from €81,336 to €96,141Debts from €3,184 to €4,198Cash from €1,787 to €13,902
Key points
from the 2025 annual accountsFilings
30 annual accounts since 1994
Four of the last ten came late. The 2020 accounts came latest: 457 days after the end of the period.
Position in the sector
95.8%
Higher solvency than 95% of companies in wholesale trade. Sector median 40.4% · 13,805 companies.
Checked score
98
Excellent
Financially stronger than 83% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.7%
01-2025: 1.7%● unchanged vs 12-2024highest value
02-2025: 0.2%▼ -1.5 percentage points vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: < 0.1%▼ -0.2 percentage points vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: 0.1%▲ +0.1 percentage points vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €100,340
lowers risk
Founded in 1993
Liquidity: current ratio 23.66, cash €13,902
Equity €96,141 (95.8% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 90% of them on solvency, 73% on liquidity, 95% on profitability and 74% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-07-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as PAOLI has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PAOLI itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 31,368 companies, not a prediction for PAOLI. 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.
Credit verdict
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 23.66 (31.14 in 2024), above the usual 1.5. Short-term debt is 4.2% and cash 13.9% of total assets. 4.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 09-12-2025, 81 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
81 days early
2024
37 days early
2023
1 day early
2022
22 days early
2021
149 days late
2020
457 days late
2019
41 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 72 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-07-2026 is due by 28-02-2027. Nothing is late today. The company usually files around 6 February (4 of the last 5 accounts filed within 59 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
31-07-2026 year end10-11-2026 today28-02-2027 deadline
Board and ownership
- Tanghe, Olivier Paule Maurice 5,393 sharesdeed of 03-03-2023
- Dejans, Patricia Gabrielle Solange 5,393 sharesdeed of 03-03-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0450436623
Appointments: Tanghe, Olivier Paule Maurice (managing director) and Dejans, Patricia Gabrielle Solange (director)
“De invoer, de uitvoer, de groot- en kleinhandel en de commissiehandel in alle soorten textiel, schoeisel…” (deed in Dutch) · Tanghe, Olivier Paule Maurice holds 5,393 shares · Dejans, Patricia Gabrielle Solange holds 5,393 shares · General meeting of 28-02-2023 · Gazette deed
Registered office moved from Menen to Izegem
New registered office: Gentseheerweg 100, 8870 Izegem · Previous registered office: Spoorwegstraat 20/G, 8930 Menen · Reappointments: Patricia Dejans (director) and Olivier Tanghe (chair of the board) · General meeting of 14-07-2022 · Gazette deed
First establishment
Gentseheerweg 100, Izegem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PAOLI Izegem | €100,340 | €97,444 | 95.8% | - |
| J.M.B. ASSOCIATION Jodoigne | €86,133 | €129,669 | 92.0% | - |
| MD FASHION Putte | €131,749 | €65,090 | 93.7% | - |
| Ge-Line Putte | €254,699 | €100,437 | 87.0% | - |
| ADSK Anderlecht | €62,983 | €39,527 | 100.0% | - |
| REFLEXOR Zedelgem | €67,061 | €20,441 | 39.7% | - |
| SAGIDIS Brussels | €222,362 | €85,102 | 72.4% | 2 |
These companies have the same main activity as PAOLI: wholesale trade (NACE 46425). They are comparable in size and age: total assets between €63,000 and €255,000, founded between 1998 and 2004.
Official details
Source: KBO- Status
- Active since 30-06-1993Normal situation
- Activity
- Wholesale tradeNACE 46425and 5 others
- Establishment unit
- 2.062.908.4038870 Izegem, since 16-07-1993
- Financial year end
- 31 July
- Peppol
- Reachable since 05-02-2026
Annual accounts to 31-07-2025
- €100,340▲ 18.7%
- Filing
- Filed on 09-12-2025, 81 days before the end of the filing period
Insights on PAOLI
PAOLI files the micro format. That format states no turnover. The gross margin fell from €109,882 in 2007 to €97,444 in 2025.
In March 2023, the Official Gazette published the appointment of Tanghe, Olivier Paule Maurice as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PAOLI
- What is the company number of PAOLI?
- The company number of PAOLI is 0450.436.623. The VAT number is the same number with BE in front: BE 0450.436.623.
- Where is PAOLI based?
- The registered office is at Gentseheerweg 100, 8870 Izegem.Company details
- What does PAOLI do?
- According to the KBO register, the main activity is wholesale trade (NACE 46425).
- What is the legal form of PAOLI?
- PAOLI is a private limited company (BV).
- When was PAOLI founded?
- PAOLI was founded on 30-06-1993.
- Is PAOLI still active?
- Yes, PAOLI is an active enterprise in the KBO register.
- What is the turnover of PAOLI?
- The turnover in financial year 2025 is ≈ €390,000. This figure is estimated from the gross margin of €97,444 and 32 comparable companies (NACE 464). It probably lies between €210,000 and €530,000.Financials
- Is PAOLI profitable?
- In financial year 2025, PAOLI made a profit of €95,805.
- Where can I find the annual accounts of PAOLI?
- PAOLI filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PAOLI due?
- PAOLI must file the annual accounts for financial year 2026 by 28-02-2027.Timeline
Next steps
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