Paulenco
ActivePaulenco is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The latest annual accounts of Paulenco were filed more than 90 days after the deadline. The 2024 annual accounts show equity of €2.47M and a net result of €476k. Equity is growing by ~43.9% per year across the filed fiscal years. Its solvency ranks better than 90% of 9864 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Filing: Filed more than 90 days late
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-11-2025, 112 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
112 d late
2023
61 d late
2022
6 d early
2021
80 d late
2020
90 d late
2019
131 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€2.47M▲ 23.9%
2023 · €1.99M
2019: €401k
2020: €670k
2021: €810k
2022: €1.27M
2023: €1.99M
2019 → 2024
Net result
€476k▼ 33.8%
2023 · €719k
2019: €442k
2020: €269k
2021: €140k
2022: €464k
2023: €719k
2019 → 2024
Total assets
€2.66M▼ 17.5%
2023 · €3.23M
2019: €659k
2020: €809k
2021: €1.06M
2022: €2.52M
2023: €3.23M
2019 → 2024
Solvency
92.7%▲ 30.9pp
2023 · 61.8%
2019: 60.8%
2020: 82.7%
2021: 76.4%
2022: 50.6%
2023: 61.8%
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€670k-€810k▲ 20.9%€1.27M▲ 57.3%€1.99M▲ 56.4%€2.47M▲ 23.9%
Operating result€261k-€177k▼ 32.1%€258k▲ 45.7%€715k▲ 177%€377k▼ 47.2%
Net result€269k-€140k▼ 48.0%€464k▲ 231%€719k▲ 54.9%€476k▼ 33.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 47% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.66M
Fixed assets
€401k▼ 26.9%
Current assets
€2.26M▼ 15.5%
Equity and liabilities €2.66M
Equity
€2.47M▲ 23.9%
Debt
€195k▼ 84.2%
The debt ratio falls from 38.2% to 7.3%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
92.7%▲
2023 · 61.8%
ROE
19.3%▼
2023 · 36.1%
ROA
17.9%▼
2023 · 22.3%
Debt
€195k▼
2023 · €1.23M
Debt ≤ 1 year
€170k▼
2023 · €1.19M
Debt > 1 year
€25k▼
2023 · €49k
Income taxes
€122k▼
2023 · €207k
Staff costs
€156k▼
2023 · €195k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.23M€2.66M▼
Fixed assets21/28€549k€401k▼
Tangible fixed assets22/27€524k€400k▼
Plant, machinery and equipment23€5k€8k▲
Furniture and vehicles24€370k€213k▼
Other tangible fixed assets26€149k€179k▲
Financial fixed assets28€25k€900▼
Current assets29/58€2.68M€2.26M▼
Amounts receivable after more than one year29€2.10M€1.56M▼
Trade receivables290€2.10M€1.56M▼
Amounts receivable within one year40/41€352k€399k▲
Trade receivables40€68k€67k▼
Other amounts receivable41€284k€332k▲
Cash at bank and in hand54/58€222k€306k▲
Deferred charges and accrued income490/1€3k€610▼
Equity and liabilities
Total equity and liabilities10/49€3.23M€2.66M▼
Equity10/15€1.99M€2.47M▲
Contributions10/11€19k€19k=
Reserves13€1.97M€2.45M▲
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Tax-exempt reserves132€152k€67k▼
Distributable reserves133€1.82M€2.38M▲
Amounts payable17/49€1.23M€195k▼
Amounts payable after more than one year17€49k€25k▼
Financial debts170/4€49k€25k▼
Amounts payable within one year42/48€1.19M€170k▼
Current portion of amounts payable after more than one year42€24k€24k▲
Financial debts43€23k€23k=
Credit institutions430/8€23k€23k=
Trade debts44€5k€16k▲
Suppliers440/4€5k€16k▲
Taxes, remuneration and social security45€51k€107k▲
Taxes450/3€30k€92k▲
Remuneration and social security454/9€21k€15k▼
Other amounts payable47/48€1.08M€0▼
Income statement
Code20232024
Non-recurring operating income76A€15k€19k▲
Remuneration, social security and pensions62€195k€156k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€86k€81k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€153k
Other operating charges640/8€8k€3k▼
Non-recurring operating charges66A-€9k
Gross operating margin9900€1.00M€779k▼
Operating profit (loss)9901€715k€377k▼
Financial income75/76B€213k€222k▲
Recurring financial income75€213k€222k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€926k€597k▼
Income taxes67/77€207k€122k▼
Profit (loss) for the period9904€719k€476k▼
Transfer from tax-exempt reserves789€214k€84k▼
Profit (loss) for the period to be appropriated9905€932k€560k▼
Appropriation of the result
Profit (loss) to be appropriated9906€932k€560k▼
Transfer to equity691/2€932k€560k▼
To other reserves6921€932k€560k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 112 days late
2024
31-12
Financial
Liquidity times 6current ratio 13.29
Current ratio from 2.26 to 13.29; short-term debt falls from €1.19M to €170k.
31-12
Financial
Equity above €2MEq €2.47M ▲23.9%
6 profitable years in a row build equity to €2.47M.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Highest result since 2019net €719k ▲54.9%
Operating result €715k, net result €719k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €1MEq €1.27M ▲57.3%
4 profitable years in a row build equity to €1.27M.
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 80 days late
2021
31-12
Financial
Weakest financial yearnet €140k ▼48%
Net result drops to €140k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 5.25
Current ratio from 2.30 to 5.25; short-term debt falls from €258k to €140k.
31-12
Financial
Equity above €500kEq €670k ▲67.2%
2 profitable years in a row build equity to €670k.
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 131 days late
07-08
State Gazette act
General meeting · Net-asset statement
Legal-form conversion · Capital
2018
05-10
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Knokke-Heist · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sparrendreef 598300 Knokke-HeistGround area
998 m²
Building footprint
152 m²
Volume, LiDAR
901 m³
Parcel 31332F0391/00K000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Paulenco
since 20182.279.253.144
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332F0391/00K000 | Flanders | 998 m² | 1 · 152 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 partyPaulencoBE 0703.899.603
controls
Where this company holds controlthis company sits on their board1
1 location
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,754. 10,282 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-09-2018
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.