PAVECA
Open bankruptcyA bankruptcy procedure is open for PAVECA according to publications in the Belgian State Gazette; curator: BERNARD VANHAM.
Summary
The 2023 annual accounts show negative equity (€-134k) and a net result of €-180k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 28-05-2024, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
28 d late
2022
37 d early
2021
2 d late
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-180k
2022 · €17k
2018: €4k
2019: €632
2020: €79k
2021: €-16k
2022: €17k
2018 → 2023
Working capital
€-180k
2022 · €11k
2018: €37k
2019: €38k
2020: €60k
2021: €12k
2022: €11k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€42k-€45k▲ 8.5%€29k▼ 35.9%€46k▲ 57.3%€-134k
Operating result€6k-€87k▲ 1,330%€-11k€20k€-176k
Net result€632-€79k▲ 12,321%€-16k€17k€-180k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €176k after €20k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €149k
Fixed assets
€46k ▼ 11.8%
Current assets
€104k ▼ 59.5%
Key figures and ratios
EBITDA
€-170k▼
2022 · €29k
Cash flow
€-174k▼
2022 · €26k
Solvency
-90.1%▼
2022 · 14.8%
Current ratio
0.37▼
2022 · 1.05
Quick ratio
0.34▼
2022 · 0.99
Debt to equity
-2.11▼
2022 · 5.76
ROA
-120.6%▼
2022 · 5.4%
Interest coverage
-42.43▼
2022 · 13.53
Debt
€284k▲
2022 · €262k
Debt ≤ 1 year
€284k▲
2022 · €245k
Debt > 1 year
€0▼
2022 · €17k
Income taxes
€0▼
2022 · €4k
Staff costs
€108k▼
2022 · €114k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 51 lines
Balance sheet
Code20222023
Assets
Total assets20/58€308k€149k▼
Fixed assets21/28€52k€46k▼
Intangible fixed assets21€43k€37k▼
Tangible fixed assets22/27€9k€9k=
Furniture and vehicles24€0-
Assets under construction and advance payments27€9k€9k=
Financial fixed assets28€135€135=
Current assets29/58€256k€104k▼
Stocks and contracts in progress3€13k€8k▼
Stocks30/36€13k€8k▼
Amounts receivable within one year40/41€228k€92k▼
Trade receivables40€116k€86k▼
Other amounts receivable41€112k€6k▼
Cash at bank and in hand54/58€15k€3k▼
Deferred charges and accrued income490/1€97€92▼
Equity and liabilities
Total equity and liabilities10/49€308k€149k▼
Equity10/15€46k€-134k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€25k€-155k▼
Amounts payable17/49€262k€284k▲
Amounts payable after more than one year17€17k€0▼
Financial debts170/4€17k€0▼
Amounts payable within one year42/48€245k€284k▲
Current portion of amounts payable after more than one year42€26k€0▼
Trade debts44€62k€86k▲
Suppliers440/4€62k€86k▲
Taxes, remuneration and social security45€15k€9k▼
Taxes450/3€4k€201▼
Remuneration and social security454/9€10k€8k▼
Other amounts payable47/48€142k€189k▲
Income statement
Code20222023
Remuneration, social security and pensions62€114k€108k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€6k▼
Other operating charges640/8€9k€3k▼
Non-recurring operating charges66A-€37k
Gross operating margin9900€153k€-22k▼
Operating profit (loss)9901€20k€-176k▼
Financial income75/76B€2k€463▼
Recurring financial income75€0€463▲
Non-recurring financial income76B€2k€0▼
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€20k€-180k▼
Income taxes67/77€4k€0▼
Profit (loss) for the period9904€17k€-180k▼
Profit (loss) for the period to be appropriated9905€17k€-180k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€-155k▼
Profit (loss) brought forward from the previous period14P€8k€25k▲
Social balance
Average headcount (FTE)90872.1-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
26-11
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · PAVECA SPRL AVENUE DES MOIS- SONS 13, 1360 PERWEZ · event 07-11-2024
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
30-09
Financial
Weakest financial yearnet €-180k ▼1186%
Net result drops to €-180k, the lowest in the series.
24-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 2 days late
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Highest result since 2018net €79k ▲12321%
Operating result €87k, net result €79k, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
10-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
16-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Perwez · 1 establishment unit since 2002
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.
Avenue des Moissons 131360 PerwezGround area
6,767 m²
Building footprint
468 m²
Volume, LiDAR
3,411 m³
2 parcels, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PAVECA
since 20022.099.050.009
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25084C0577/00A003 | Wallonia | 5,862 m² | 1 · 320 m² | 9.9 m · 3 fl. |
| 25081A0049/00G000 | Wallonia | 905 m² | 1 · 147 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BERNARD VANHAM RUE DE CHARLEROI 2,
1400 NIVELLES |
07-11-2024 → present |
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Of 21,216 companies in sector 81300 we hold annual accounts for 4,362. 3,579 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-11-2001
Fiscal year end30-09
Activities, NACEBEL 2025
43331Floor and wall tiling
81300Landscape service activities
43422Screed work
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.