PAUVER
ActivePAUVER has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €165k and a net result of €6k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 40% of 19348 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability50▼-6
Solvency45▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.09 in 2023; short-term debt: 34.2% and cash: 0.2% of total assets), and 80.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
48 d early
2022
28 d early
2021
32 d early
2020
52 d early
2019
9 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€165k▲ 4.0%
2023 · €159k
2018: €91k
2019: €133k
2020: €148k
2021: €152k
2022: €150k
2023: €159k
2018 → 2024
Total assets
€840k▼ 5.8%
2023 · €892k
2018: €820k
2019: €880k
2020: €992k
2021: €907k
2022: €915k
2023: €892k
2018 → 2024
Net result
€6k▼ 27.3%
2023 · €9k
2018: €-3k
2019: €43k
2020: €15k
2021: €4k
2022: €-2k
2023: €9k
2018 → 2024
Working capital
€-284k▼ 4.9%
2023 · €-271k
2018: €-106k
2019: €2k
2020: €-270k
2021: €-230k
2022: €-259k
2023: €-271k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€148k-€152k▲ 2.7%€150k▼ 1.2%€159k▲ 5.9%€165k▲ 4.0%
Operating result€31k-€21k▼ 31.4%€15k▼ 28.8%€24k▲ 57.1%€22k▼ 7.2%
Net result€15k-€4k▼ 72.5%€-2k€9k€6k▼ 27.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 7% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €840k
Fixed assets
€837k▼ 3.0%
Current assets
€3k▼ 90.3%
Equity and liabilities €840k
Equity
€165k▲ 4.0%
Provisions
€13k▼ 17.7%
Debt
€661k▼ 7.7%
The debt ratio falls from 80.4% to 78.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€48k▼
2023 · €50k
Cash flow
€33k▼
2023 · €35k
Solvency
19.7%▲
2023 · 17.8%
Current ratio
0.01▼
2023 · 0.09
Quick ratio
0.01▼
2023 · 0.09
Debt / equity
4.00▼
2023 · 4.51
ROE
3.9%▼
2023 · 5.6%
ROA
0.8%▼
2023 · 1.0%
Interest coverage
3.62▼
2023 · 4.35
Debt
€661k▼
2023 · €717k
Debt ≤ 1 year
€287k▼
2023 · €299k
Debt > 1 year
€374k▼
2023 · €418k
Income taxes
€3k▼
2023 · €4k
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€892k€840k▼
Fixed assets21/28€864k€837k▼
Tangible fixed assets22/27€864k€837k▼
Land and buildings22€864k€837k▼
Current assets29/58€28k€3k▼
Amounts receivable within one year40/41€23k€669▼
Trade receivables40€23k€0▼
Other amounts receivable41€50€669▲
Cash at bank and in hand54/58€5k€2k▼
Equity and liabilities
Total equity and liabilities10/49€892k€840k▼
Equity10/15€159k€165k▲
Contributions10/11€80k€80k=
Reserves13€43k€85k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€42k€40k▼
Distributable reserves133€688€45k▲
Profit (loss) carried forward14€36k€0▼
Provisions and deferred taxes16€16k€13k▼
Provisions for liabilities and charges160/5€2k€0▼
Other liabilities and charges164/5€2k€0▼
Deferred taxes168€14k€13k▼
Amounts payable17/49€717k€661k▼
Amounts payable after more than one year17€418k€374k▼
Financial debts170/4€418k€374k▼
Amounts payable within one year42/48€299k€287k▼
Current portion of amounts payable after more than one year42€43k€43k▲
Trade debts44€12k€0▼
Suppliers440/4€12k€0▼
Taxes, remuneration and social security45€4k€0▼
Taxes450/3€4k€0▼
Other amounts payable47/48€240k€244k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€26k=
Provisions for liabilities and charges: additions (uses and reversals)635/8€0€-2k▼
Other operating charges640/8€4k€12k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€54k€58k▲
Operating profit (loss)9901€24k€22k▼
Financial income75/76B-€3
Recurring financial income75-€3
Financial charges65/66B€11k€13k▲
Recurring financial charges65€11k€13k▲
Profit (loss) for the period before taxes9903€12k€9k▼
Transfer from deferred taxes780€525€577▲
Income taxes67/77€4k€3k▼
Profit (loss) for the period9904€9k€6k▼
Transfer from tax-exempt reserves789€2k€2k▲
Profit (loss) for the period to be appropriated9905€10k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€36k€45k▲
Profit (loss) brought forward from the previous period14P€26k€36k▲
Transfer to equity691/2-€45k
To other reserves6921-€45k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €152k ▲2.7%
3 profitable years in a row build equity to €152k.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €43k
Net result €43k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.01
Current ratio from 0.38 to 1.01; short-term debt falls from €171k to €144k.
31-12
Financial
Equity above €100kEq €133k ▲47%
Equity rises from €91k to €133k.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2021
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
02-02-2021
Michiels Geert: Resigned as Director
01-01-2021
Dirk Heylen: Resigned as Director
05-07-2016
Verlinden Erik: Resigned as Manager
01-07-2016
Lukas De Graeve: Resigned as Manager
Location & real-estate footprint
Registered office, Westerlo · 1 establishment unit since 2013
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.
de Merodedreef 452260 WesterloGround area
1,114 m²
Building footprint
509 m²
Volume, LiDAR
920 m³
Parcel 13049B0786/00T000, Flanders · tallest building 10.3 m. Linked by address, not a title deed.
1 establishment unit
VHMD IMMO
since 20132.221.590.901
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13049B0786/00T000 | Flanders | 1,114 m² | 1 · 509 m² | 10.3 m |
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
Connections & network
1 connected companyNetwork connections
Shared address
→
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,380. 3,848 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-08-2013
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.