PAV Advisory
ActivePAV Advisory has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €231k and a net result of €4k. Equity is growing by ~20.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-11
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 48.01 against 3.54 in 2024; short-term debt: 1.7% and cash: 11.1% of total assets), and 1.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
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
98.3%
Return on assets
1.6%
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 16-02-2026, 165 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
165 d early
2024
125 d early
2023
86 d early
2022
31 d late
2021
12 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€231k▲ 1.6%
2024 · €228k
2021: €73k
2022: €130k
2023: €217k
2024: €228k
2021 → 2025
Total assets
€235k▼ 18.2%
2024 · €288k
2021: €93k
2022: €174k
2023: €285k
2024: €288k
2021 → 2025
Net result
€4k▼ 88.1%
2024 · €31k
2021: €48k
2022: €57k
2023: €86k
2024: €31k
2021 → 2025
Working capital
€185k▲ 21.6%
2024 · €153k
2021: €55k
2022: €121k
2023: €222k
2024: €153k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€73k-€130k▲ 78.6%€217k▲ 66.3%€228k▲ 5.1%€231k▲ 1.6%
Operating result€68k-€81k▲ 19.3%€123k▲ 51.9%€34k▼ 72.0%€5k▼ 86.1%
Net result€48k-€57k▲ 19.6%€86k▲ 50.8%€31k▼ 64.1%€4k▼ 88.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 86% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €235k
Fixed assets
€46k▼ 38.9%
Current assets
€189k▼ 10.9%
Equity and liabilities €235k
Equity
€231k▲ 1.6%
Debt
€4k▼ 93.4%
The debt ratio falls from 20.9% to 1.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€34k▼
2024 · €48k
Cash flow
€33k▼
2024 · €45k
Solvency
98.3%▲
2024 · 79.1%
Current ratio
48.01▲
2024 · 3.54
Quick ratio
48.01▲
2024 · 3.54
Debt / equity
0.02▼
2024 · 0.26
ROE
1.6%▼
2024 · 13.6%
ROA
1.6%▼
2024 · 10.8%
Interest coverage
23.90▼
2024 · 448.19
Debt
€4k▼
2024 · €60k
Debt ≤ 1 year
€4k▼
2024 · €60k
Income taxes
€3k▼
2024 · €10k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€288k€235k▼
Fixed assets21/28€75k€46k▼
Tangible fixed assets22/27€75k€46k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€72k€44k▼
Current assets29/58€213k€189k▼
Amounts receivable after more than one year29€25k€16k▼
Other amounts receivable291€25k€16k▼
Amounts receivable within one year40/41€24k€18k▼
Trade receivables40€14k€14k▼
Other amounts receivable41€10k€4k▼
Current investments50/53-€128k
Cash at bank and in hand54/58€162k€26k▼
Deferred charges and accrued income490/1€939€1k▲
Equity and liabilities
Total equity and liabilities10/49€288k€235k▼
Equity10/15€228k€231k▲
Contributions10/11€25k€25k=
Reserves13€203k€206k▲
Distributable reserves133€203k€206k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€60k€4k▼
Amounts payable within one year42/48€60k€4k▼
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€38k€0▼
Taxes450/3€38k€0▼
Other amounts payable47/48€20k€3k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€4k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€29k▲
Other operating charges640/8€1k€583▼
Gross operating margin9900€49k€35k▼
Operating profit (loss)9901€34k€5k▼
Financial income75/76B€6k€3k▼
Recurring financial income75€6k€3k▼
Financial charges65/66B€108€1k▲
Recurring financial charges65€108€1k▲
Profit (loss) for the period before taxes9903€41k€7k▼
Income taxes67/77€10k€3k▼
Profit (loss) for the period9904€31k€4k▼
Profit (loss) for the period to be appropriated9905€31k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€4k▼
Transfer to equity691/2€11k€4k▼
To other reserves6921€11k€4k▼
Profit to be distributed694/7€20k€0▼
Return on contributions (dividend)694€20k€0▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €4k ▼88.1%
Net result drops to €4k, the lowest in the series.
31-12
Financial
Liquidity times 14current ratio 48.01
Current ratio from 3.54 to 48.01; short-term debt falls from €60k to €4k.
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €86k ▲50.8%
Operating result €123k, net result €86k, both a record.
31-12
Financial
Equity above €200kEq €217k ▲66.3%
3 profitable years in a row build equity to €217k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €100kEq €130k ▲78.6%
2 profitable years in a row build equity to €130k.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Hove · 1 establishment unit since 2021
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.
Mortselsesteenweg 952540 HoveGround area
145 m²
Building footprint
175 m²
Volume, LiDAR
856 m³
Parcel 11021A0094/00T000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PAV Advisory
since 20212.312.307.774
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11021A0094/00T000 | Flanders | 145 m² | 1 · 175 m² | 10.4 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.
Recognitions · licences · registrations
Legal Entity Identifier
9845006D957ABC4AD333
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 39,246 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-01-2021
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
70100Activities of head offices
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.