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PAVARAN

Active
Private limited companyfounded 2011active for 15 yearsKapellebaan 22, 2240 Zandhoven, BelgiumKBO/BCE: BE 0833.278.005

From the official registers: KBO 15 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

PAVARAN has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €158,320 and a net result of -€24,188. Equity has been growing by about 11% per year since 2018. Its solvency ranks better than 95% of 1,114 sector peers (NACE 93, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

KBO
Status
Active since 27-01-2011 Normal situation
Activity
Equestrian clubs NACE 93127
Establishment unit
2.196.452.855 2240 Zandhoven, since 31-01-2011
Financial year end
31 December
Peppol
Reachable since 21-10-2026

Board and ownership

Board
  • De Bock AnDirector · since 27-01-2011
  • Van Roy PatrickDirector · since 27-01-2011

Financial position

95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€21,553
▲ 7.5%
Turnover
≈ €130,000
estimated
Loss
€24,188
Equity
€158,320
▼ 13.3%
Total assets
€161,254
▼ 15.7%
Filed on 08-06-2026, 53 days before the deadlinePDF
Score breakdownraises riskLoss of €24,188 (financial year 2025)lowers riskLiquidity: current ratio 52.90, cash €96,904Equity €158,320 (98.2% of total assets)Size: total assets €161,254Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 63% of micro companies in sports and recreation (NACE 93)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 98.2% of total assets
Liquidity 100=
short-term debt 1.8% · cash 60.1%
Profitability 50-20
return on assets -15.0%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (4,266 companies, NACE 93, micro)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: 0.1%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 0.1%● unchanged vs 07-2026highest value 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €15,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 52.9 (18.9 in 2024), above the usual 1.5. Short-term debt is 1.8% and cash 60.1% of total assets. 1.8% of the assets are financed with debt and provisions.
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 93, micro). It does better than 92% of them on solvency, 98% on liquidity, 34% on profitability and 28% on growth.

The bankruptcy probability was computed on 31-10-2026 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

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 52.90, cash €96,904
NBB · annual accounts
raises risk · Loss of €24,188 (financial year 2025)
NBB · annual accounts
lowers risk · Equity €158,320 (98.2% of total assets)
NBB · annual accounts
lowers risk · Size: total assets €161,254
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
53 days early
2024
49 days early
2023
53 days early
2022
47 days early
2021
46 days early
2020
39 days early
2019
36 days early
← 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 46 days before the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.

Searched, nothing found (2)
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 12 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher solvency than 95% of companies in sports and recreationsector median 30.6% · 1,114 companies 98.2% View
  • Positive: Filed on time since financial year 2019accounts within the deadline every year 7 years View

Comparable companies

These companies have the same main activity as PAVARAN: equestrian clubs (NACE 93127). They are comparable in size and age: total assets between €136,000 and €250,000, founded between 2006 and 2012.

CompanyTotal assetsGross margin
PAVARAN Zandhoven€161,254€21,553
DE TOXANDRIA Ranst€249,577€15,756
ECURIE ST-ELEUTHERE Tournai€139,036€27,474
TRAIL HORSES BEST BELGIUM Tongeren-Borgloon€193,433€27,701
LOLBE Soumagne€155,886€30,825
DRESSURTEAM HIMMERICH Sankt Vith€175,372€32,031
EQUICENTER LEUFGEN Amel€136,398€29,528
Full comparison

Documents

Annual accounts at the NBB

All 15 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about PAVARAN

What is the company number of PAVARAN?
The company number of PAVARAN is 0833.278.005. The VAT number is the same number with BE in front: BE 0833.278.005.
Where is PAVARAN based?
The registered office is at Kapellebaan 22, 2240 Zandhoven.Company details
What does PAVARAN do?
According to the KBO register, the main activity is equestrian clubs (NACE 93127).
What is the legal form of PAVARAN?
The legal form of PAVARAN is Private limited company (BV).
When was PAVARAN founded?
PAVARAN was founded on 27-01-2011.
Is PAVARAN still active?
Yes, PAVARAN is an active enterprise in the KBO register.
What is the turnover of PAVARAN?
The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €21,553 and 45 comparable companies (NACE 931). It probably lies between €56,000 and €300,000. It is a rough estimate.Financials
Is PAVARAN profitable?
In financial year 2025, PAVARAN made a loss of €24,188.
Where can I find the annual accounts of PAVARAN?
PAVARAN filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of PAVARAN due?
PAVARAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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