PAVELEC
ActivePAVELEC has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.06M and a net result of €4k. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 68% of 13549 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
63
/ 100
Healthy▼ -13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability2▼-23
Solvency82▲+2
Growth52=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.3 in 2024), and 46.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 68
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53.7%
Return on assets
0.2%
Age of the figures
14 mo
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 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
on the day
2022
2 d late
2021
17 d late
2019
182 d late
2018
175 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close05-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.06M▲ 0.4%
2024 · €1.05M
2022: €905k
2023: €999k
2024: €1.05M
2022 → 2025
Total assets
€1.97M▼ 3.3%
2024 · €2.04M
2022: €2.16M
2023: €1.98M
2024: €2.04M
2022 → 2025
Net result
€4k▼ 92.5%
2024 · €53k
2022: €499k
2023: €95k
2024: €53k
2022 → 2025
Working capital
€317k▲ 7.9%
2024 · €293k
2022: €60k
2023: €310k
2024: €293k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€905k-€999k▲ 10.5%€1.05M▲ 5.3%€1.06M▲ 0.4%
Operating result€337k-€216k▼ 36.1%€32k▼ 85.0%€-13k
Net result€499k-€95k▼ 81.0%€53k▼ 43.6%€4k▼ 92.5%
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 turns negative in 2025: a loss of €13k after €32k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.97M
Fixed assets
€740k▼ 2.5%
Current assets
€1.23M▼ 3.7%
Equity and liabilities €1.97M
Equity
€1.06M▲ 0.4%
Debt
€912k▼ 7.2%
The debt ratio falls from 48.3% to 46.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€26k▼
2024 · €61k
Cash flow
€43k▼
2024 · €82k
Solvency
53.7%▲
2024 · 51.7%
Current ratio
1.35▲
2024 · 1.30
Quick ratio
1.35▲
2024 · 1.30
Debt / equity
0.86▼
2024 · 0.93
ROE
0.4%▼
2024 · 5.1%
ROA
0.2%▼
2024 · 2.6%
Interest coverage
0.87▼
2024 · 2.57
Debt
€912k▼
2024 · €983k
Debt ≤ 1 year
€912k▼
2024 · €983k
Income taxes
€16k▼
2024 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Total assets
20/58€2.04M€1.97M▼
Fixed assets
21/28€759k€740k▼
Tangible fixed assets
22/27€759k€740k▼
Financial fixed assets
28€50€50=
Current assets
29/58€1.28M€1.23M▼
Amounts receivable within one year
40/41€2k€5k▲
Investments
50/53€1.27M€1.22M▼
Cash & bank
54/58€208€1k▲
Total equity & liabilities
10/49€2.04M€1.97M▼
Equity
10/15€1.05M€1.06M▲
Contributions / capital
10/11€1.55M€1.55M=
Reserves
13€12k€12k=
Accumulated profits (losses)
14€-568k€-564k▲
Amounts payable
17/49€983k€912k▼
Amounts payable within one year
42/48€983k€912k▼
Trade debts payable within one year
44€2k€759▼
Income statement
Code20242025
Gross operating margin
9900€71k€38k▼
Operating result
9901€32k€-13k▼
Financial income
75€67k€63k▼
Financial charges
65€24k€30k▲
Result before taxes
9903€73k€20k▼
Income taxes
67/77€20k€16k▼
Net result for the period
9904€53k€4k▼
Result to be appropriated
9905€53k€4k▼
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €4k ▼92.5%
Net result drops to €4k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Equity above €1MEq €1.05M ▲5.3%
3 profitable years in a row build equity to €1.05M.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
17-03
State Gazette act
Registered-office change
Katrien DEVAERE
17-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 182 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 175 days late
2018
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 143 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
TRIGON
BE 0455.501.409
Sint-Niklaas · Eq €1.06M
ISALA
BE 0449.855.316
Wielsbeke · Eq €1.06M
DEMA CONSULT
BE 0458.126.446
Brasschaat · Eq €1.06M
Veulen Estate
BE 0664.827.607
Heers · Eq €1.06M
Teniers Invest
BE 0426.724.873
Antwerpen · Eq €1.07M
Of 3,751 companies in sector 68321 we hold annual accounts for 1,340. 765 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-06-1996
Fiscal year end30-06
Activities, NACEBEL
68321Property management for co-owned buildings (syndics)
68322Real estate activities
74142
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 12-08-2026. Scores and ratios are computed by Checked and are not a credit decision.