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PAVEL CONSTRUCTION

Active
Private limited companyfounded 20233 yrs activeTenboslaan 59, 1560 Hoeilaart, BelgiumKBO/BCE: BE 0804.525.819
Summary

The computed 12-month bankruptcy probability of PAVEL CONSTRUCTION is 2.5% (moderate). The 2025 annual accounts show equity of €14,444 and a net result of €10,234. Its solvency ranks better than 57% of 7940 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability100
Solvency75
Growth-
Track record79
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.97; short-term debt: 50.2% and cash: 13.7% of total assets), but 50.2% 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+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
49.8%
Return on assets
35.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 1 filing
Deviation from the deadline
2025
31 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 3 August 2023, PAVEL CONSTRUCTION was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€14,444
Total assets
€29,002
Net result
€10,234
Working capital
€14,144

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Assets €29,002
Fixed assets €300
Current assets €28,702
Equity and liabilities €29,002
Equity €14,444
Debt €14,558
Debt finances 50.2% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€14,774
Cash flow
€10,384
Current ratio
1.97
Debt to equity
1.01
ROE
70.9%
ROA
35.3%
Interest coverage
225.56
Debt ≤ 1 year
€14,558
Income taxes
€4,325

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 34 lines
Balance sheet Code2025
Assets
Total assets20/58€29,002
Fixed assets21/28€300
Tangible fixed assets22/27€300
Furniture and vehicles24€300
Current assets29/58€28,702
Amounts receivable within one year40/41€24,724
Trade receivables40€24,724
Cash at bank and in hand54/58€3,977
Equity and liabilities
Total equity and liabilities10/49€29,002
Equity10/15€14,444
Contributions10/11€0
Capital10€0
Issued capital100€2,000
Uncalled capital101€2,000
Profit (loss) carried forward14€14,444
Amounts payable17/49€14,558
Amounts payable within one year42/48€14,558
Trade debts44€6,012
Suppliers440/4€6,012
Taxes, remuneration and social security45€6,439
Taxes450/3€6,439
Other amounts payable47/48€2,106
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€150
Other operating charges640/8€1,539
Gross operating margin9900€16,313
Operating profit (loss)9901€14,624
Financial charges65/66B€66
Recurring financial charges65€66
Profit (loss) for the period before taxes9903€14,559
Income taxes67/77€4,325
Profit (loss) for the period9904€10,234
Profit (loss) for the period to be appropriated9905€10,234
Appropriation of the result
Profit (loss) to be appropriated9906€14,444
Profit (loss) brought forward from the previous period14P€4,210

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€150
Other operating charges640/8€1,539
Gross operating margin9900€16,313
Operating profit (loss)9901€14,624
Financial charges65/66B€66
Recurring financial charges65€66
Profit (loss) for the period before taxes9903€14,559
Income taxes67/77€4,325
Profit (loss) for the period9904€10,234
Profit (loss) for the period to be appropriated9905€10,234
Line2025
Assets
Total assets20/58€29,002
Fixed assets21/28€300
Tangible fixed assets22/27€300
Furniture and vehicles24€300
Current assets29/58€28,702
Amounts receivable within one year40/41€24,724
Trade receivables40€24,724
Cash at bank and in hand54/58€3,977
Equity and liabilities
Total equity and liabilities10/49€29,002
Equity10/15€14,444
Contributions10/11€0
Capital10€0
Issued capital100€2,000
Uncalled capital101€2,000
Profit (loss) carried forward14€14,444
Amounts payable17/49€14,558
Amounts payable within one year42/48€14,558
Trade debts44€6,012
Suppliers440/4€6,012
Taxes, remuneration and social security45€6,439
Taxes450/3€6,439
Other amounts payable47/48€2,106
Line2025
Profit (loss) for the period9904€10,234
+ Depreciation and write-downs630€150
Operating cash flow (approximation)€10,384

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Hoeilaart · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
165 m²
Building footprint
47 m²
Volume, LiDAR
302 m³
Parcel 23033A0229/00P005, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PAVEL CONSTRUCTION
Tenboslaan 59, 1560 HoeilaartOther construction installation
since 20252.373.258.517
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23033A0229/00P005 Flanders 165 m² 1 · 47 m² 8.9 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Hoeilaart2.373.258.517
1 permission
Imker - houden bijen · since 12-06-2025

Similar companies · same sector, comparable size

Of 15,524 companies in sector 43990 we hold annual accounts for 7,427. 4,744 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded03-08-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43350Other building finishing work
Contact
E-mail pavelconstruction.be@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID 0208:0804525819
Also 9925:BE0804525819

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.