PAVECO
ActiveSummary
PAVECO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €331k and a net result of €-19k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 41% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▼-12
Solvency48=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity short (current ratio 0.08 against 0.12 in 2024; short-term debt: 21.4% and cash: 0.2% of total assets), and 77.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 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
4 d late
2024
6 d late
2023
30 d late
2022
29 d late
2021
16 d early
2020
1 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€25k
EBIT margin
23.5%
Net result
€-19k
2024 · €12k
Working capital
€-290k▼ 7.3%
2024 · €-270k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€25k
Operating result€15k€17k▲ 13.7%€6k▼ 66.0%€36k▲ 513%€2k▼ 95.6%
Net result€9k€7k▼ 15.4%€-4k€12k€-19k
EBIT margin23.5%
Equity€335k▲ 2.7%€342k▲ 2.2%€339k▼ 1.0%€351k▲ 3.6%€331k▼ 5.5%
Total assets€1.70M▼ 4.0%€1.60M▼ 5.4%€1.57M▼ 2.3%€1.54M▼ 2.1%€1.47M▼ 4.3%
Debt€1.32M▼ 5.5%€1.22M▼ 7.4%€1.19M▼ 2.6%€1.15M▼ 3.6%€1.10M▼ 4.0%
Working capital€-566k▲ 1.5%€-556k▲ 1.8%€-575k▼ 3.4%€-270k▲ 53.0%€-290k▼ 7.3%
Staff (FTE)00.30.8▲ 167%0▼ 100%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 96% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.47M
Fixed assets
€1.45M ▼ 3.6%
Current assets
€24k ▼ 34.9%
Equity and liabilities €1.47M
Equity
€331k ▼ 5.5%
Provisions
€37k ▼ 3.6%
Debt
€1.10M ▼ 4.0%
Debt's share of the balance-sheet total rises from 74.7% to 74.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€55k▼
2024 · €89k
Cash flow
€34k▼
2024 · €66k
Current ratio
0.08▼
2024 · 0.12
Debt to equity
3.33▲
2024 · 3.27
ROE
-5.8%▼
2024 · 3.4%
ROA
-1.3%▼
2024 · 0.8%
Interest coverage
2.45▼
2024 · 3.56
Debt ≤ 1 year
€314k▲
2024 · €308k
Debt > 1 year
€787k▼
2024 · €839k
Staff costs
€131▼
2024 · €33k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €25k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €55k | €45k | - | - | - |
| Remuneration, social security and pensions62 | - | - | €10k | €33k | €131 | ▼ 99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51k | €51k | €52k | €54k | €53k | ▼ 0.9% |
| Other operating charges640/8 | €9k | €10k | €36k | €29k | €32k | ▲ 8.2% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | €75k | €78k | €104k | €152k | €87k | ▼ 42.8% |
| Operating profit (loss)9901 | €15k | €17k | €6k | €36k | €2k | ▼ 95.6% |
| Financial income75/76B | €559 | €3 | €0 | €81 | €90 | ▲ 11.3% |
| Recurring financial income75 | €559 | €3 | €0 | €81 | €90 | ▲ 11.3% |
| Financial charges65/66B | €8k | €11k | €11k | €25k | €22k | ▼ 10.8% |
| Recurring financial charges65 | €8k | €11k | €11k | €25k | €22k | ▼ 10.8% |
| Profit (loss) for the period before taxes9903 | €7k | €6k | €-5k | €11k | €-21k | ▼ 295% |
| Transfer from deferred taxes780 | €1k | €2k | €1k | €1k | €1k | = |
| Profit (loss) for the period9904 | €9k | €7k | €-4k | €12k | €-19k | ▼ 261% |
| Transfer from tax-exempt reserves789 | €4k | €5k | €4k | €4k | €4k | = |
| Profit (loss) for the period to be appropriated9905 | €13k | €12k | €638 | €16k | €-15k | ▼ 193% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.70M | €1.60M | €1.57M | €1.54M | €1.47M | ▼ 4.3% |
| Fixed assets21/28 | €1.64M | €1.59M | €1.55M | €1.50M | €1.45M | ▼ 3.6% |
| Tangible fixed assets22/27 | €1.64M | €1.59M | €1.55M | €1.50M | €1.44M | ▼ 3.6% |
| Land and buildings22 | €1.64M | €1.59M | €1.54M | €1.49M | €1.44M | ▼ 3.4% |
| Furniture and vehicles24 | - | - | €11k | €9k | €6k | ▼ 26.3% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €52k | €12k | €16k | €37k | €24k | ▼ 34.9% |
| Amounts receivable within one year40/41 | €38k | €8k | €11k | €14k | €18k | ▲ 30.5% |
| Trade receivables40 | €0 | €8k | €7k | €6k | €5k | ▼ 17.6% |
| Other amounts receivable41 | €38k | €0 | €4k | €8k | €14k | ▲ 62.9% |
| Cash at bank and in hand54/58 | €12k | €2k | €2k | €20k | €4k | ▼ 82.1% |
| Deferred charges and accrued income490/1 | €2k | €2k | €3k | €3k | €2k | ▼ 26.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.70M | €1.60M | €1.57M | €1.54M | €1.47M | ▼ 4.3% |
| Equity10/15 | €335k | €342k | €339k | €351k | €331k | ▼ 5.5% |
| Contributions10/11 | €225k | €225k | €225k | €225k | €225k | = |
| Capital10 | €225k | €225k | €225k | €225k | €225k | = |
| Issued capital100 | €225k | €225k | €225k | €225k | €225k | = |
| Reserves13 | €131k | €127k | €122k | €126k | €115k | ▼ 8.5% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €3k | €3k | = |
| Legal reserve130 | €2k | €2k | €2k | €3k | €3k | = |
| Tax-exempt reserves132 | €129k | €124k | €120k | €116k | €112k | ▼ 3.6% |
| Distributable reserves133 | - | - | - | €6k | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €-22k | €-10k | €-9k | €0 | €-9k | - |
| Provisions and deferred taxes16 | €43k | €41k | €40k | €39k | €37k | ▼ 3.6% |
| Deferred taxes168 | €43k | €41k | €40k | €39k | €37k | ▼ 3.6% |
| Amounts payable17/49 | €1.32M | €1.22M | €1.19M | €1.15M | €1.10M | ▼ 4.0% |
| Amounts payable after more than one year17 | €700k | €650k | €599k | €839k | €787k | ▼ 6.2% |
| Financial debts170/4 | €700k | €650k | €599k | €547k | €495k | ▼ 9.5% |
| Other amounts payable178/9 | - | - | - | €292k | €292k | = |
| Amounts payable within one year42/48 | €618k | €568k | €591k | €308k | €314k | ▲ 2.2% |
| Current portion of amounts payable after more than one year42 | €50k | €51k | €51k | €52k | €52k | ▲ 1.0% |
| Trade debts44 | €1k | €5k | €12k | €1k | €3k | ▲ 92.8% |
| Suppliers440/4 | €1k | €5k | €12k | €1k | €3k | ▲ 92.8% |
| Advances received on contracts in progress46 | - | - | - | - | €1k | - |
| Taxes, remuneration and social security45 | - | - | €9k | €18k | €20k | ▲ 14.2% |
| Taxes450/3 | - | - | €4k | €13k | €20k | ▲ 54.4% |
| Remuneration and social security454/9 | - | - | €5k | €5k | €0 | ▼ 100% |
| Other amounts payable47/48 | €567k | €512k | €519k | €237k | €238k | ▲ 0.4% |
| Accrued charges and deferred income492/3 | - | €4k | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €7k | €-4k | €12k | €-19k | ▼ 261% |
| + Depreciation and write-downs630 | €51k | €51k | €52k | €54k | €53k | ▼ 0.9% |
| Operating cash flow (approximation) | €60k | €59k | €48k | €66k | €34k | ▼ 48.5% |
| Investment in fixed assets (approximation) | - | €0 | €-11k | €0 | €0 | - |
| Change in cash | - | €-9k | €-512 | €18k | €-17k | ▼ 190% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 4 days late
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 6 days late
2024
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €127k
Net result €127k after one loss-making year.
31-12
Financial
Liquidity times 7current ratio 1.24
Current ratio from 0.18 to 1.24; short-term debt falls from €220k to €217k.
Show earlier events
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 73 days late
10-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 436 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Staden · 1 establishment unit since 2000
Ground area
2.0 ha
Building footprint
6,486 m²
Volume, LiDAR
46,249 m³
2 parcels, Flanders · tallest building 11.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Diksmuidestraat(STA) 54, 8840 Staden
since 20002.097.200.673
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36019E1099/00B000 | Flanders | 1.1 ha | 1 · 817 m² | 11.9 m · 2 fl. |
| 36019E1102/00Y000 | Flanders | 9,791 m² | 1 · 5,668 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,143 companies in sector 68201 we hold annual accounts for 6,764. 5,001 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded10-01-2000
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
Contact
E-mail
veronique@nomacool.beStaden
Phone
051700100Staden
Scores and ratios are computed by Checked and are not a credit decision.