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PAVAN INVEST

Active
Private limited company (pre-2019)founded 2013active for 13 yearsPersoonstraat 22, 3500 Hasselt, BelgiumKBO/BCE: BE 0538.634.268

The file of PAVAN INVEST contains 2 judicial reorganisation notices and 1 administrative flag, as published in the Belgian Official Gazette.

Summary

The computed 12-month bankruptcy probability is at least 25% (high). The 2025 annual accounts show negative equity (-€216,758) and a net result of -€66,189. Equity has been shrinking by about 7.8% per year since 2018. Its solvency ranks better than 7% of 22,773 sector peers (NACE 47, financial year 2025).

Overview

Official details

Source: KBO
Status
Active since 12-09-2013 Normal situation
Activity
Retail sale of clothing and accessories for women, men, children and babies (general range) NACE 47716and 2 others
Establishment unit
2.233.947.414 3500 Hasselt, since 01-01-2014
Financial year end
31 December
Peppol
Reachable since 16-12-2025

Board and ownership

Board
  • Van Briel VanessaDirector · since 01-06-2019

Financial position

5 Critical Checked score 2025
Bankruptcy probabilitywithin 12 months
≥ 25%
Annual accounts 2025
Gross margin
-€62,711
Loss
€66,189
Equity
-€216,758
▼ 44.0%
Total assets
€133,910
▼ 28.9%
Staff
≈ 0 FTE
estimated
  • Negative equity on 31-12-2025
  • 2025 accounts filed 23 days after the deadline
Turnover not published (micro format)
Score breakdownraises riskReorganisation plan being carried out (approved, Gazette 23-07-2025)Loss of €66,189 (financial year 2025)Negative equity -€216,758lowers riskSize: total assets €133,910Show the evidence

Checked score

Score 2025
5 / 100
Critical
Probability in this band: over 15.0%
Financially stronger than 7% of micro companies in retail trade (NACE 47)
Financial strength · tick: 2024
Weak
Solvency 0=
equity -161.9% of total assets
Liquidity 0=
short-term debt 261.9% · cash 0.0%
Profitability 0-55
return on assets -49.4%
Bankruptcy probability within 12 months
≥ 25% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 3 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,272 companies, NACE 47, micro)
Last 24 months 12-2024: 3.0% 01-2025: 2.9%▼ -0.1 percentage points vs 12-2024 02-2025: 2.9%● unchanged vs 01-2025 03-2025: 2.8%▼ -0.1 percentage points vs 02-2025lowest value 04-2025: 2.8%● unchanged vs 03-2025lowest value 08-2025: 14.6% 09-2025: 14.6%● unchanged vs 08-2025 10-2025: 14.6%● unchanged vs 09-2025 11-2025: 14.6%● unchanged vs 10-2025 12-2025: 14.6%● unchanged vs 11-2025 01-2026: 14.6%● unchanged vs 12-2025 02-2026: 14.6%● unchanged vs 01-2026 03-2026: 14.6%● unchanged vs 02-2026 04-2026: 14.6%● unchanged vs 03-2026 05-2026: 14.6%● unchanged vs 04-2026 06-2026: 17.2%▲ +2.6 percentage points vs 05-2026 07-2026: 17.1%▼ -0.1 percentage points vs 06-2026 08-2026: 22.3%▲ +5.2 percentage points vs 07-2026 09-2026: ≥ 25%▲ +14.9 percentage points vs 08-2026highest value 10-2026: ≥ 25%● unchanged vs 09-2026highest value 11-2026: ≥ 25%● unchanged vs 10-2026highest value
No credit on open account
Liquidity is insufficient, with a current ratio of 0.32 (0.51 in 2024), below 1. Short-term debt is 261.9% and cash 0% of total assets. Equity is negative.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 6% of them on solvency, 1% on liquidity, 6% on profitability and 12% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises risk
raises risk · Reorganisation plan being carried out (approved, Gazette 23-07-2025)
Belgian Official Gazette
raises risk · Loss of €66,189 (financial year 2025)
NBB · annual accounts
lowers risk · Size: total assets €133,910
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Negative equity -€216,758
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€216,758
raises risk · 2025 accounts filed 23 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-08-2026, 23 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
23 days late
2024
23 days early
2023
23 days late
2022
131 days late
2021
496 days late
2020
29 days late
2019
91 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 110 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

raises risk · Administrative warnings in the KBO publications
The FPS Economy published 1 notice about the company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck
Searched, nothing found (1)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 August (4 of the last 5 accounts filed within 107 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€216,758 View
  • Caution: From profit to loss in 2025after a profit of €8,531 in 2024 -€66,189 View
  • Caution: Lower net result than 95% of companies in retail tradesector median €5,084 · 22,754 companies -€66,189 View

Recent changes

  1. · Gazette deed Registered office moved within Hasselt
  2. · KBO administration Address struckRechterstraat 48 3511 L’adresse du siège Rechterstraat 48 3511 Rechterstraat 48, 3511 Hasselt Hasselt werd doorgehaald met ingang van Hasselt · event 10-03-2026
  3. · Judicial reorganisation Plan homologationEnterprise Court of Antwerp · judgment of 16-07-2025
All 18 events

Comparable companies

These companies have the same main activity as PAVAN INVEST: retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716). They are comparable in size and age: total assets between €88,600 and €153,000, founded between 2011 and 2016.

CompanyTotal assetsGross margin
PAVAN INVEST Hasselt€133,910-€62,711
NENA INVEST Beringen€125,160-€18,608
Very Happy Hemiksem€130,207-€1,020
ALPERTO Gent€116,430-€4,067
KRIOSS Koekelare€152,990-€6,609
GOLDEN TEXTILE Jette€124,534-€15,903
STAM Kalmthout€88,600-€7,849
Full comparison

Key facts about PAVAN INVEST

What is the company number of PAVAN INVEST?
The company number of PAVAN INVEST is 0538.634.268. The VAT number is the same number with BE in front: BE 0538.634.268.
Where is PAVAN INVEST based?
The registered office is at Persoonstraat 22, 3500 Hasselt.Company details
What does PAVAN INVEST do?
According to the KBO register, the main activity is retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716).
What is the legal form of PAVAN INVEST?
The legal form of PAVAN INVEST is Private limited company (pre-2019) (BVBA).
When was PAVAN INVEST founded?
PAVAN INVEST was founded on 12-09-2013.
Is PAVAN INVEST still active?
Yes, PAVAN INVEST is an active enterprise in the KBO register.
How many employees does PAVAN INVEST have?
PAVAN INVEST had an average of 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of PAVAN INVEST?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it.
Is PAVAN INVEST profitable?
In financial year 2025, PAVAN INVEST made a loss of €66,189.
Where can I find the annual accounts of PAVAN INVEST?
PAVAN INVEST filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PAVAN INVEST due?
PAVAN INVEST must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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