PAOLI
ActiveSummary
PAOLI has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96k and a net result of €96k. Equity is growing by ~40.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 23.66 against 31.14 in 2024; short-term debt: 4.2% and cash: 13.9% of total assets), and 4.2% 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
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
95.8%
Return on assets
95.5%
Age of the figures
14 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 d early
2024
37 d early
2023
1 d early
2022
22 d early
2021
149 d late
2020
457 d late
2019
41 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-07-2026 close25-09-2026 today28-02-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€96k▲ 18.2%
2024 · €81k
2019: €-76k
2020: €-106k▼ -38.8% vs 2019lowest in 7 years
2021: €988▲ +101% vs 2020
2022: €3k▲ +185% vs 2021
2023: €-1k▼ -141% vs 2022
2024: €81k▲ +7219% vs 2023
2025: €96k▲ +18.2% vs 2024highest in 7 years
2019 → 2025
Total assets
€100k▲ 18.7%
2024 · €85k
2019: €96k
2020: €69k▼ -28.6% vs 2019
2021: €27k▼ -60.3% vs 2020lowest in 7 years
2022: €29k▲ +6.7% vs 2021
2023: €48k▲ +65.1% vs 2022
2024: €85k▲ +75.8% vs 2023
2025: €100k▲ +18.7% vs 2024highest in 7 years
2019 → 2025
Net result
€96k▲ 16.2%
2024 · €82k
2019: €-597
2020: €-30k▼ -4851% vs 2019lowest in 7 years
2021: €107k▲ +461% vs 2020highest in 7 years
2022: €2k▼ -98.3% vs 2021
2023: €-4k▼ -316% vs 2022
2024: €82k▲ +2181% vs 2023
2025: €96k▲ +16.2% vs 2024
2019 → 2025
Working capital
€95k▲ 17.7%
2024 · €81k
2019: €-76k
2020: €-104k▼ -36.1% vs 2019lowest in 7 years
2021: €5k▲ +104% vs 2020
2022: €4k▼ -20.4% vs 2021
2023: €-3k▼ -172% vs 2022
2024: €81k▲ +3185% vs 2023
2025: €95k▲ +17.7% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€988-€3k▲ 185%€-1k€81k€96k▲ 18.2%
2021: €988
2022: €3k▲ +185% vs 2021
2023: €-1k▼ -141% vs 2022lowest in 5 years
2024: €81k▲ +7219% vs 2023
2025: €96k▲ +18.2% vs 2024highest in 5 years
Operating result€107k-€2k▼ 98.2%€37k▲ 1,849%€83k▲ 123%€96k▲ 16.4%
2021: €107khighest in 5 years
2022: €2k▼ -98.2% vs 2021lowest in 5 years
2023: €37k▲ +1849% vs 2022
2024: €83k▲ +123% vs 2023
2025: €96k▲ +16.4% vs 2024
Net result€107k-€2k▼ 98.3%€-4k€82k€96k▲ 16.2%
2021: €107khighest in 5 years
2022: €2k▼ -98.3% vs 2021
2023: €-4k▼ -316% vs 2022lowest in 5 years
2024: €82k▲ +2181% vs 2023
2025: €96k▲ +16.2% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 16% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €100k
Fixed assets
€994 ▼ 2.5%
Current assets
€99k ▲ 19.0%
Equity and liabilities €100k
Equity
€96k ▲ 18.2%
Debt
€4k ▲ 31.9%
Debt's share of the balance-sheet total rises from 3.8% to 4.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€97k▲
2024 · €84k
Cash flow
€97k▲
2024 · €83k
Current ratio
23.66▼
2024 · 31.14
Quick ratio
17.26▼
2024 · 21.12
Debt to equity
0.04▲
2024 · 0.04
ROE
99.7%▼
2024 · 101.4%
ROA
95.5%▼
2024 · 97.6%
Interest coverage
469.27▼
2024 · 541.24
Debt ≤ 1 year
€4k▲
2024 · €3k
Income taxes
€142▲
2024 · €-11
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€85k€100k▲
Fixed assets21/28€1k€994▼
Tangible fixed assets22/27€1k€994▼
Furniture and vehicles24€1k€994▼
Current assets29/58€84k€99k▲
Stocks and contracts in progress3€27k€27k=
Stocks30/36€27k€27k=
Amounts receivable within one year40/41€54k€58k▲
Trade receivables40€19k€16k▼
Other amounts receivable41€35k€41k▲
Cash at bank and in hand54/58€2k€14k▲
Deferred charges and accrued income490/1€1k€750▼
Equity and liabilities
Total equity and liabilities10/49€85k€100k▲
Equity10/15€81k€96k▲
Contributions10/11€269k€188k▼
Reserves13€15k€15k=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€-203k€-107k▲
Amounts payable17/49€3k€4k▲
Amounts payable within one year42/48€3k€4k▲
Trade debts44€3k€3k▲
Suppliers440/4€3k€3k▲
Taxes, remuneration and social security45€135€142▲
Taxes450/3€135€142▲
Other amounts payable47/48€23€892▲
Accrued charges and deferred income492/3€502€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€957€1k▲
Other operating charges640/8€629€108▼
Gross operating margin9900€84k€97k▲
Operating profit (loss)9901€83k€96k▲
Financial charges65/66B€154€207▲
Recurring financial charges65€154€207▲
Profit (loss) for the period before taxes9903€82k€96k▲
Income taxes67/77€-11€142▲
Profit (loss) for the period9904€82k€96k▲
Profit (loss) for the period to be appropriated9905€82k€96k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-203k€-107k▲
Profit (loss) brought forward from the previous period14P€-285k€-203k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €123k | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €894 | €957 | €1k | ▲ 23.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €13k | €0 | - | - | - | - |
| Other operating charges640/8 | €1k | €649 | €698 | €629 | €108 | ▼ 82.8% |
| Gross operating margin9900 | €122k | €3k | €39k | €84k | €97k | ▲ 15.7% |
| Operating profit (loss)9901 | €107k | €2k | €37k | €83k | €96k | ▲ 16.4% |
| Financial charges65/66B | €60 | €67 | €1k | €154 | €207 | ▲ 34.3% |
| Recurring financial charges65 | €60 | €67 | €1k | €154 | €207 | ▲ 34.3% |
| Profit (loss) for the period before taxes9903 | €107k | €2k | €36k | €82k | €96k | ▲ 16.3% |
| Income taxes67/77 | - | - | €40k | €-11 | €142 | ▲ 1,336% |
| Profit (loss) for the period9904 | €107k | €2k | €-4k | €82k | €96k | ▲ 16.2% |
| Profit (loss) for the period to be appropriated9905 | €107k | €2k | €-4k | €82k | €96k | ▲ 16.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27k | €29k | €48k | €85k | €100k | ▲ 18.7% |
| Fixed assets21/28 | - | - | €2k | €1k | €994 | ▼ 2.5% |
| Tangible fixed assets22/27 | - | - | €2k | €1k | €994 | ▼ 2.5% |
| Furniture and vehicles24 | - | - | €2k | €1k | €994 | ▼ 2.5% |
| Current assets29/58 | €27k | €29k | €46k | €84k | €99k | ▲ 19.0% |
| Stocks and contracts in progress3 | €27k | €27k | €27k | €27k | €27k | = |
| Stocks30/36 | €27k | €27k | €27k | €27k | €27k | = |
| Amounts receivable within one year40/41 | €401 | €2k | €17k | €54k | €58k | ▲ 8.0% |
| Trade receivables40 | €0 | €2k | €17k | €19k | €16k | ▼ 14.1% |
| Other amounts receivable41 | €401 | €101 | €443 | €35k | €41k | ▲ 20.1% |
| Cash at bank and in hand54/58 | €0 | €11 | €109 | €2k | €14k | ▲ 678% |
| Deferred charges and accrued income490/1 | - | - | €2k | €1k | €750 | ▼ 41.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27k | €29k | €48k | €85k | €100k | ▲ 18.7% |
| Equity10/15 | €988 | €3k | €-1k | €81k | €96k | ▲ 18.2% |
| Contributions10/11 | €269k | €269k | €269k | €269k | €188k | ▼ 30.1% |
| Capital10 | €269k | €269k | - | - | - | - |
| Issued capital100 | €269k | €269k | - | - | - | - |
| Reserves13 | €15k | €15k | €15k | €15k | €15k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Legal reserve130 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €0 | - | - | - |
| Distributable reserves133 | €13k | €13k | €15k | €15k | €15k | = |
| Profit (loss) carried forward14 | €-283k | €-281k | €-285k | €-203k | €-107k | ▲ 47.3% |
| Amounts payable17/49 | €26k | €26k | €49k | €3k | €4k | ▲ 31.9% |
| Amounts payable within one year42/48 | €23k | €25k | €49k | €3k | €4k | ▲ 56.6% |
| Trade debts44 | €0 | €2k | €5k | €3k | €3k | ▲ 25.4% |
| Suppliers440/4 | €0 | €2k | €5k | €3k | €3k | ▲ 25.4% |
| Taxes, remuneration and social security45 | - | - | €3k | €135 | €142 | ▲ 5.4% |
| Taxes450/3 | - | - | €3k | €135 | €142 | ▲ 5.4% |
| Other amounts payable47/48 | €23k | €23k | €40k | €23 | €892 | ▲ 3,706% |
| Accrued charges and deferred income492/3 | €4k | €807 | €499 | €502 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €107k | €2k | €-4k | €82k | €96k | ▲ 16.2% |
| + Depreciation and write-downs630 | - | - | €894 | €957 | €1k | ▲ 23.5% |
| Operating cash flow (approximation) | €107k | €2k | €-3k | €83k | €97k | ▲ 16.2% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €-1k | - |
| Change in cash | - | €11 | €98 | €2k | €12k | ▲ 622% |
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
09-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
22-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
Financial
Back to profitnet €82k
Net result €82k after one loss-making year.
31-07
Financial
Liquidity times 33current ratio 31.14
Current ratio from 0.95 to 31.14; short-term debt falls from €49k to €3k.
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 149 days late
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 457 days late
2021
31-07
Financial
Back to profitnet €107k
Net result €107k after 2 loss-making years.
31-07
Financial
Liquidity triplescurrent ratio 1.20
Current ratio from 0.40 to 1.20; short-term debt falls from €172k to €23k.
2020
31-07
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
10-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
Show earlier events
2019
25-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
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, Izegem · 1 establishment unit since 1993
Ground area
306 m²
Building footprint
331 m²
Volume, LiDAR
2,049 m³
Parcel 36493B0265/00G000, Flanders · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Gentseheerweg 100, 8870 Izegem
since 19932.062.908.403
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36493B0265/00G000 | Flanders | 306 m² | 1 · 331 m² | 12.5 m · 2 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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Of 199 companies in sector 46425 we hold annual accounts for 135. 94 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
Founded30-06-1993
Fiscal year end31-07
Activities, NACEBEL 2025
46425Wholesale trade
46412Wholesale of household textiles and bedding
46496Wholesale trade
47512Retail sale of household textiles and bedding
47639Retail sale of other sporting goods
47721Retail sale of footwear
Scores and ratios are computed by Checked and are not a credit decision.