PAUPSY
ActiveSummary
The computed 12-month bankruptcy probability of PAUPSY is 2.4% (moderate). The 2025 annual accounts show equity of €26k and a net result of €-18k. Equity is growing by ~33.5% per year across the filed fiscal years. Its solvency ranks better than 32% of 18400 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability8▼-73
Solvency38▼-3
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.9 against 0.98 in 2024; short-term debt: 83.5% and cash: 27.5% of total assets), and 87.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.9%
Return on assets
-8.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
31 d early
2024
1 d early
2023
54 d late
2022
25 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€26k▼ 40.6%
2024 · €44k
Total assets
€202k▼ 24.2%
2024 · €266k
Net result
€-18k
2024 · €35k
Working capital
€-16k▼ 310%
2024 · €-4k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€4k-€6k▲ 28.2%€56k▲ 895%€-16k
Net result€3k-€-4k€35k€-18k
Equity€13k-€9k▼ 29.4%€44k▲ 389%€26k▼ 40.6%
Total assets€208k-€212k▲ 2.0%€266k▲ 25.2%€202k▼ 24.2%
Debt€195k-€203k▲ 4.1%€222k▲ 9.2%€176k▼ 21.0%
Working capital€-34k-€-35k▼ 2.7%€-4k▲ 88.6%€-16k▼ 310%
Staff (FTE)1-1.5▲ 50.0%2.7▲ 80.0%1.3▼ 51.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €16k after €56k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €202k
Fixed assets
€49k ▼ 18.3%
Current assets
€152k ▼ 25.9%
Equity and liabilities €202k
Equity
€26k ▼ 40.6%
Debt
€176k ▼ 21.0%
Debt's share of the balance-sheet total rises from 83.5% to 87.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-4k▼
2024 · €68k
Cash flow
€-6k▼
2024 · €47k
Current ratio
0.90▼
2024 · 0.98
Quick ratio
0.33▼
2024 · 0.47
Debt to equity
6.76▲
2024 · 5.08
ROE
-68.4%▼
2024 · 79.6%
ROA
-8.8%▼
2024 · 13.1%
Interest coverage
-2.31▼
2024 · 5.49
Debt ≤ 1 year
€168k▼
2024 · €209k
Debt > 1 year
€7k▼
2024 · €13k
Staff costs
€35k▼
2024 · €40k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €37k | €44k | €40k | €35k | ▼ 11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €11k | €12k | €12k | ▲ 2.5% |
| Other operating charges640/8 | €207 | €464 | €365 | €545 | ▲ 49.5% |
| Gross operating margin9900 | €48k | €61k | €108k | €32k | ▼ 70.5% |
| Operating profit (loss)9901 | €4k | €6k | €56k | €-16k | ▼ 129% |
| Financial income75/76B | €87 | €1 | €55 | €295 | ▲ 439% |
| Recurring financial income75 | €87 | €1 | €55 | €295 | ▲ 439% |
| Financial charges65/66B | €492 | €9k | €12k | €2k | ▼ 85.5% |
| Recurring financial charges65 | €492 | €9k | €12k | €2k | ▼ 85.5% |
| Profit (loss) for the period before taxes9903 | €4k | €-4k | €43k | €-18k | ▼ 141% |
| Income taxes67/77 | €1k | - | €9k | - | - |
| Profit (loss) for the period9904 | €3k | €-4k | €35k | €-18k | ▼ 151% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-4k | €35k | €-18k | ▼ 151% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €208k | €212k | €266k | €202k | ▼ 24.2% |
| Fixed assets21/28 | €46k | €62k | €61k | €49k | ▼ 18.3% |
| Tangible fixed assets22/27 | €46k | €62k | €61k | €49k | ▼ 18.3% |
| Land and buildings22 | €41k | €36k | €42k | €36k | ▼ 13.4% |
| Furniture and vehicles24 | €6k | €26k | €19k | €13k | ▼ 29.0% |
| Current assets29/58 | €162k | €151k | €205k | €152k | ▼ 25.9% |
| Stocks and contracts in progress3 | €98k | €88k | €107k | €96k | ▼ 10.7% |
| Stocks30/36 | €98k | €88k | €107k | €96k | ▼ 10.7% |
| Amounts receivable within one year40/41 | €3k | €1k | €947 | €606 | ▼ 36.0% |
| Trade receivables40 | €2k | €1k | €295 | €606 | ▲ 105% |
| Other amounts receivable41 | €214 | €214 | €652 | - | - |
| Cash at bank and in hand54/58 | €60k | €59k | €97k | €55k | ▼ 42.5% |
| Deferred charges and accrued income490/1 | €2k | €2k | €362 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €208k | €212k | €266k | €202k | ▼ 24.2% |
| Equity10/15 | €13k | €9k | €44k | €26k | ▼ 40.6% |
| Contributions10/11 | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €3k | €-1k | €34k | €16k | ▼ 52.7% |
| Amounts payable17/49 | €195k | €203k | €222k | €176k | ▼ 21.0% |
| Amounts payable after more than one year17 | - | €18k | €13k | €7k | ▼ 43.2% |
| Financial debts170/4 | - | €18k | €13k | €7k | ▼ 43.2% |
| Amounts payable within one year42/48 | €195k | €185k | €209k | €168k | ▼ 19.6% |
| Current portion of amounts payable after more than one year42 | - | €5k | €5k | €6k | ▲ 4.7% |
| Trade debts44 | €21k | €6k | €20k | €4k | ▼ 77.8% |
| Suppliers440/4 | €21k | €6k | €20k | €4k | ▼ 77.8% |
| Taxes, remuneration and social security45 | €17k | €25k | €31k | €16k | ▼ 46.7% |
| Taxes450/3 | €13k | €19k | €28k | €13k | ▼ 54.9% |
| Remuneration and social security454/9 | €4k | €6k | €2k | €4k | ▲ 53.8% |
| Other amounts payable47/48 | €158k | €149k | €154k | €142k | ▼ 7.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-4k | €35k | €-18k | ▼ 151% |
| + Depreciation and write-downs630 | €7k | €11k | €12k | €12k | ▲ 2.5% |
| Operating cash flow (approximation) | €10k | €8k | €47k | €-6k | ▼ 112% |
| Investment in fixed assets (approximation) | - | €-27k | €-11k | €-1k | ▲ 89.6% |
| Change in cash | - | €-538 | €37k | €-41k | ▼ 210% |
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
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ath · 1 establishment unit since 2022
Ground area
196 m²
Building footprint
206 m²
Volume, LiDAR
3,232 m³
Parcel 51004D0152/00B000, Wallonia · tallest building 18.1 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
PAUPSY
since 20222.326.487.194
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51004D0152/00B000 | Wallonia | 196 m² | 1 · 206 m² | 18.1 m · 5 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 6,498 companies in sector 47716 we hold annual accounts for 2,438. 1,666 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
Founded07-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47715Retail trade
47721Retail sale of footwear
47789Other retail sale of new goods
Scores and ratios are computed by Checked and are not a credit decision.