Equity
€222,822 from €404,995 in 2019
Equity fell by 45% in 6 years.
PAVE GYM
Lifetime
15 annual accounts with figures on one time axispeak €1.0m (2024)
€933,330▼ 10.2%
lowest -€99,858 (2021)
-€38,673▲ €45,122
peak €404,995 (2019)
€222,822▼ 14.8%
€683,509▲ 14.1%
peak 24.9 FTE (2023)
20.2 FTEunchanged
Board8 names since 2016
5 directorsFLAT EAR and 4 others
Owners3 names in the annual accounts
10.5%O'GALIX and 1 other
Documentsfilings and deeds
31-01-2026on the last day
2025financial year
Loss of €38,673Equity from €261,495 to €222,822Cash from €93,203 to €131,011
Key points
from the 2025 annual accountsLosses
-€361,344 in six years
Every financial year from 2020 to 2025 closed with a loss. 2021 was the heaviest.
Debts
€683,509 75% of the balance sheet
Financial debts 23%Suppliers 20%Taxes and wages 18%Other 39%
Of this, €534,821 falls due within a year.
Staff
41 employees on 30-06-2025
In 2025, 140 people joined and 152 left.
At the same address
18 companies
Position in the sector
-€38,673
Lower net result than 85% of companies in social work without accommodation. Sector median €13,143 · 659 companies.
Checked score
81
Excellent
Financially stronger than 17% of small companies in social work without accommodation (NACE 88)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 589 companies (NACE 88, small).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.7%▲ +0.1 percentage points vs 12-2024
02-2025: 1.0%▲ +0.3 percentage points vs 01-2025
03-2025: 0.7%▼ -0.3 percentage points vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.8%▲ +0.1 percentage points vs 09-2025
11-2025: 0.7%▼ -0.1 percentage points vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.9%▲ +0.2 percentage points vs 12-2025
02-2026: 1.2%▲ +0.3 percentage points vs 01-2026highest value
03-2026: 0.3%▼ -0.9 percentage points vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026lowest value
07-2026: 0.3%● unchanged vs 06-2026lowest value
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Size: 20.2 FTE, total assets €906,331
Loss of €38,673, the second in a row (financial year 2025)
lowers risk
Sector: Social work activities without accommodation (NACE 88)
Liquidity: current ratio 0.32, cash €131,011
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 88, small). It does better than 24% of them on solvency, 12% on liquidity, 22% on profitability and 13% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 1,423 companies had the same profile as PAVE GYM has now. Each dot stands for 4 companies, two years later.
96.5%
were still trading
2.2%
stopped another way
1.0%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PAVE GYM itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,423 companies, not a prediction for PAVE GYM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €18,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.32 (0.24 in 2024), below 1. Short-term debt is 59% and cash 14.5% of total assets. 75.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€38,673
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 665 sector peers (2025).
NBB · sector comparisonPosition among 665 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
6 days late
2023
1 day early
2022
53 days early
2021
24 days early
2020
93 days early
2019
92 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 37 days before the deadline. In the sector (NACE 88), the median for financial year 2024 was 24 days before the deadline, and 25% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 30 January (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Board and ownership
- O'GALIX 10.5%score 71equity €25,969 (2025) · 30-06-2025 annual accounts of O'GALIX
- SIRODO 10.5%score 87equity €64,479 (2025) · 2025 annual accounts of SIRODO
- Antoine Druetzannual accounts 30-06-2021
Shares in 2 companies, GM5 Gym and OV kids Corner
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0830677712
Capital increase of €179,171.66 to €510,671.66
Capital from €331,500 to €510,671.66, 430,000 new shares · 12,500 shares · 20,850 shares · General meeting of 22-02-2024 · Gazette deed
Merger: PAVE GYM takes over SOCIEDAD
Appointments: Jean-Jacques Follebouckt (chair), FLAT EAR SRL (managing director), SIRODO SRL, VYMAX BV and THIENPONT Ludovic · The company holds all the shares of SOCIEDAD · The company holds all the shares of MAGELLAN MANAGEMENT · General meeting of 09-11-2021 · Gazette deed
2 establishments registered
Wavre and Wezembeek-Oppem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PAVE GYM Uccle | - | - | 24.6% | 20.2 |
| Ket in Anderlecht Anderlecht | - | - | 74.1% | 24.9 |
| BUITENSCHOOLSE KINDEROPVANG GENK OOST Genk | - | - | 87.7% | 18.8 |
| EUROPEAN FEDERATION FOR MISSING AND SEXUALLY EXPLOITED CHILDREN - FEDERATION EUROPEENNE POUR ENFANTS DISPARUS ET SEXUELLEMENT EXPLOITES Brussels | €0.07m | 32.5% | 22.6% | 12.5 |
| LE MINIMONDE Etterbeek | €2.6m | -5.6% | 28.0% | 43.3 |
| LILY Berlaar | - | - | -21.1% | 20.3 |
| Latitudes J de la province de Namur Namur | - | - | 45.7% | 32.6 |
These companies have the same main activity as PAVE GYM: social work activities without accommodation (NACE 88919). They are comparable in size and age: total assets between €316,000 and €2m, founded between 1994 and 2016.
Official details
Source: KBO- Status
- Active since 27-10-2010Normal situation
- Registered office
- 20 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Social work activities without accommodationNACE 88919and 1 other
- Establishment units
- 2.200.894.0691180 Uccle, since 27-10-2010
- 2.306.406.5131410 Waterloo, since 31-08-2020and 2 others
- Financial year end
- 30 June
- Peppol
- Reachable since 17-10-2025
Annual accounts to 30-06-2025
- ≈ €1.1mestimated
- €906,331▲ 5.3%
- Employeeson 30-06-2025
- 41▼ 10.9%
- Filing
- Filed on 31-01-2026, on the last day of the filing period
Insights on PAVE GYM
PAVE GYM has existed since 2010. In 2012 the gross margin rose from €30,895 to €207,702 and staff from 3 to 4.5 full-time equivalents.
Solvency fell in 2025 from 30.4% to 24.6% because of the loss and higher debts to suppliers.
In December 2021, the Official Gazette published the appointment of FLAT EAR as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PAVE GYM
- What is the company number of PAVE GYM?
- The company number of PAVE GYM is 0830.677.712. The VAT number is the same number with BE in front: BE 0830.677.712.
- Where is PAVE GYM based?
- The registered office is at De Frélaan 82, 1180 Uccle.Company details
- What does PAVE GYM do?
- According to the KBO register, the main activity is social work activities without accommodation (NACE 88919).
- What is the legal form of PAVE GYM?
- PAVE GYM is a public limited company (NV).
- When was PAVE GYM founded?
- PAVE GYM was founded on 27-10-2010.
- Is PAVE GYM still active?
- Yes, PAVE GYM is an active enterprise in the KBO register.
- How many employees does PAVE GYM have?
- PAVE GYM had an average of 20.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of PAVE GYM?
- The turnover in financial year 2025 is ≈ €1.1m. This figure is estimated from the gross margin of €933,330 and 30 comparable companies (NACE 889). It probably lies between €1.0m and €1.3m.
- Is PAVE GYM profitable?
- In financial year 2025, PAVE GYM made a loss of €38,673.
- Where can I find the annual accounts of PAVE GYM?
- PAVE GYM filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PAVE GYM due?
- PAVE GYM must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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