PAVEPAYOL
ActiveSummary
PAVEPAYOL has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54k and a net result of €14k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 35% of 93 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-10
Solvency48▲+6
Growth66▼-2
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity short (current ratio 0.66 against 0.75 in 2024; short-term debt: 50.2% and cash: 12.7% of total assets), and 77.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 87
Relative position
BE, all sectors
reference
Residential care activities (NACE 87)
about 77% 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
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
22.6%
Return on assets
6%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €54k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 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
53 d late
2024
21 d late
2023
53 d early
2022
28 d late
2021
25 d early
2020
338 d late
2019
585 d late
← 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, micro schema
Turnover
€391k▼ 4.2%
2024 · €408k
2018: €318klowest in 8 years
2019: €368k▲ +15.8% vs 2018
2020: €365k▼ -0.7% vs 2019
2021: €355k▼ -2.8% vs 2020
2022: €382k▲ +7.8% vs 2021
2023: €405k▲ +5.9% vs 2022
2024: €408k▲ +0.8% vs 2023highest in 8 years
2025: €391k▼ -4.2% vs 2024
2018 → 2025
EBIT margin
7.6%▼ 4.8pp
2024 · 12.3%
2018: 4.7%
2019: 14.1%▲ +199% vs 2018highest in 8 years
2020: 5.8%▼ -58.6% vs 2019
2021: 3.4%▼ -41.7% vs 2020
2022: 3.3%▼ -2.7% vs 2021lowest in 8 years
2023: 10.0%▲ +202% vs 2022
2024: 12.3%▲ +23.2% vs 2023
2025: 7.6%▼ -38.5% vs 2024
2018 → 2025
Net result
€14k▼ 51.2%
2024 · €29k
2018: €-917
2019: €28k▲ +3141% vs 2018
2020: €12k▼ -58.6% vs 2019
2021: €-2k▼ -117% vs 2020
2022: €-15k▼ -661% vs 2021lowest in 8 years
2023: €19k▲ +228% vs 2022
2024: €29k▲ +49.9% vs 2023highest in 8 years
2025: €14k▼ -51.2% vs 2024
2018 → 2025
Working capital
€-41k▼ 47.2%
2024 · €-28k
2018: €-26k
2019: €-25k▲ +3.5% vs 2018
2020: €-10k▲ +60.8% vs 2019highest in 8 years
2021: €-23k▼ -135% vs 2020
2022: €-48k▼ -110% vs 2021lowest in 8 years
2023: €-44k▲ +9.0% vs 2022
2024: €-28k▲ +37.1% vs 2023
2025: €-41k▼ -47.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€355k-€382k▲ 7.8%€405k▲ 5.9%€408k▲ 0.8%€391k▼ 4.2%
2021: €355klowest in 5 years
2022: €382k▲ +7.8% vs 2021
2023: €405k▲ +5.9% vs 2022
2024: €408k▲ +0.8% vs 2023highest in 5 years
2025: €391k▼ -4.2% vs 2024
Equity€6k-€-9k€10k€39k▲ 285%€54k▲ 36.1%
2021: €6k
2022: €-9k▼ -256% vs 2021lowest in 5 years
2023: €10k▲ +211% vs 2022
2024: €39k▲ +285% vs 2023
2025: €54k▲ +36.1% vs 2024highest in 5 years
Operating result€12k-€13k▲ 4.9%€41k▲ 220%€50k▲ 24.1%€30k▼ 41.1%
2021: €12klowest in 5 years
2022: €13k▲ +4.9% vs 2021
2023: €41k▲ +220% vs 2022
2024: €50k▲ +24.1% vs 2023highest in 5 years
2025: €30k▼ -41.1% vs 2024
Net result€-2k-€-15k▼ 661%€19k€29k▲ 49.9%€14k▼ 51.2%
2021: €-2k
2022: €-15k▼ -661% vs 2021lowest in 5 years
2023: €19k▲ +228% vs 2022
2024: €29k▲ +49.9% vs 2023highest in 5 years
2025: €14k▼ -51.2% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 41% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €237k
Fixed assets
€159k ▲ 10.2%
Current assets
€78k ▼ 7.7%
Equity and liabilities €237k
Equity
€54k ▲ 36.1%
Debt
€183k ▼ 3.2%
Debt's share of the balance-sheet total falls from 82.8% to 77.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€54k▼
2024 · €69k
Cash flow
€38k▼
2024 · €48k
Current ratio
0.66▼
2024 · 0.75
Debt to equity
3.42▼
2024 · 4.81
ROE
26.5%▼
2024 · 74.1%
ROA
6.0%▼
2024 · 12.8%
Interest coverage
9.31▼
2024 · 9.80
Debt ≤ 1 year
€119k▲
2024 · €112k
Debt > 1 year
€62k▼
2024 · €74k
Income taxes
€10k▼
2024 · €14k
Staff costs
€130k▼
2024 · €132k
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 · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€229k€237k▲
Fixed assets21/28€144k€159k▲
Tangible fixed assets22/27€143k€158k▲
Land and buildings22€143k€154k▲
Plant, machinery and equipment23-€4k
Financial fixed assets28€500€500=
Current assets29/58€85k€78k▼
Amounts receivable within one year40/41€43k€44k▲
Trade receivables40€39k€40k▲
Other amounts receivable41€4k€4k▼
Cash at bank and in hand54/58€39k€30k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€229k€237k▲
Equity10/15€39k€54k▲
Contributions10/11€12k€12k=
Reserves13€27k€41k▲
Distributable reserves133€27k€41k▲
Amounts payable17/49€189k€183k▼
Amounts payable after more than one year17€74k€62k▼
Financial debts170/4€73k€61k▼
Other amounts payable178/9€1k€1k=
Amounts payable within one year42/48€112k€119k▲
Current portion of amounts payable after more than one year42€27k€34k▲
Trade debts44€26k€27k▲
Suppliers440/4€26k€27k▲
Taxes, remuneration and social security45€57k€55k▼
Taxes450/3€31k€28k▼
Remuneration and social security454/9€26k€27k▲
Other amounts payable47/48€3k€3k▼
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20242025
Turnover70€408k€391k▼
Goods, raw materials, services and sundry goods60/61€206k€196k▼
Remuneration, social security and pensions62€132k€130k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€24k▲
Other operating charges640/8€11k€11k▲
Gross operating margin9900€212k€195k▼
Operating profit (loss)9901€50k€30k▼
Financial income75/76B€48€1▼
Recurring financial income75€48€1▼
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€43k€24k▼
Income taxes67/77€14k€10k▼
Profit (loss) for the period9904€29k€14k▼
Profit (loss) for the period to be appropriated9905€29k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€14k▼
Profit (loss) brought forward from the previous period14P€-3k-
Transfer to equity691/2€27k€14k▼
To other reserves6921€27k€14k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €355k | €382k | €405k | €408k | €391k | ▼ 4.2% |
| Goods, raw materials, services and sundry goods60/61 | €192k | €209k | €199k | €206k | €196k | ▼ 4.6% |
| Remuneration, social security and pensions62 | €112k | €119k | €131k | €132k | €130k | ▼ 1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31k | €32k | €34k | €18k | €24k | ▲ 30.5% |
| Other operating charges640/8 | €8k | €10k | €11k | €11k | €11k | ▲ 4.8% |
| Gross operating margin9900 | €163k | €173k | €217k | €212k | €195k | ▼ 7.9% |
| Operating profit (loss)9901 | €12k | €13k | €41k | €50k | €30k | ▼ 41.1% |
| Financial income75/76B | €31 | €83 | €83 | €48 | €1 | ▼ 97.9% |
| Recurring financial income75 | €31 | €83 | €83 | €48 | €1 | ▼ 97.9% |
| Financial charges65/66B | €12k | €12k | €9k | €7k | €6k | ▼ 17.9% |
| Recurring financial charges65 | €12k | €12k | €9k | €7k | €6k | ▼ 17.9% |
| Profit (loss) for the period before taxes9903 | €623 | €1k | €32k | €43k | €24k | ▼ 44.9% |
| Income taxes67/77 | €3k | €16k | €12k | €14k | €10k | ▼ 32.0% |
| Profit (loss) for the period9904 | €-2k | €-15k | €19k | €29k | €14k | ▼ 51.2% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-15k | €19k | €29k | €14k | ▼ 51.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €273k | €250k | €230k | €229k | €237k | ▲ 3.6% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €203k | €178k | €159k | €144k | €159k | ▲ 10.2% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €203k | €178k | €159k | €143k | €158k | ▲ 10.2% |
| Land and buildings22 | €170k | €162k | €159k | €143k | €154k | ▲ 7.6% |
| Plant, machinery and equipment23 | €731 | €365 | - | - | €4k | - |
| Furniture and vehicles24 | €32k | €16k | - | - | - | - |
| Financial fixed assets28 | - | - | - | €500 | €500 | = |
| Current assets29/58 | €70k | €72k | €72k | €85k | €78k | ▼ 7.7% |
| Amounts receivable within one year40/41 | €43k | €38k | €39k | €43k | €44k | ▲ 1.8% |
| Trade receivables40 | €40k | €36k | €39k | €39k | €40k | ▲ 2.4% |
| Other amounts receivable41 | €3k | €2k | - | €4k | €4k | ▼ 3.7% |
| Cash at bank and in hand54/58 | €25k | €34k | €26k | €39k | €30k | ▼ 23.1% |
| Deferred charges and accrued income490/1 | €2k | €595 | €6k | €3k | €4k | ▲ 64.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €273k | €250k | €230k | €229k | €237k | ▲ 3.6% |
| Equity10/15 | €6k | €-9k | €10k | €39k | €54k | ▲ 36.1% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Capital10 | €12k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Uncalled capital101 | €6k | - | - | - | - | - |
| Reserves13 | €620 | €620 | €620 | €27k | €41k | ▲ 52.3% |
| Non-distributable reserves130/1 | €620 | €620 | - | - | - | - |
| Legal reserve130 | €620 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €620 | - | - | - | - |
| Distributable reserves133 | - | - | €620 | €27k | €41k | ▲ 52.3% |
| Profit (loss) carried forward14 | €-7k | €-22k | €-3k | - | - | - |
| Amounts payable17/49 | €267k | €259k | €220k | €189k | €183k | ▼ 3.2% |
| Amounts payable after more than one year17 | €174k | €138k | €101k | €74k | €62k | ▼ 16.9% |
| Financial debts170/4 | €173k | €137k | €100k | €73k | €61k | ▼ 17.2% |
| Other amounts payable178/9 | €1k | €1k | €1k | €1k | €1k | = |
| Amounts payable within one year42/48 | €93k | €120k | €116k | €112k | €119k | ▲ 5.8% |
| Current portion of amounts payable after more than one year42 | €34k | €35k | €35k | €27k | €34k | ▲ 27.9% |
| Trade debts44 | €28k | €36k | €33k | €26k | €27k | ▲ 2.7% |
| Suppliers440/4 | €28k | €36k | €33k | €26k | €27k | ▲ 2.7% |
| Taxes, remuneration and social security45 | €30k | €47k | €45k | €57k | €55k | ▼ 2.4% |
| Taxes450/3 | €10k | €25k | €27k | €31k | €28k | ▼ 9.2% |
| Remuneration and social security454/9 | €20k | €22k | €19k | €26k | €27k | ▲ 5.8% |
| Other amounts payable47/48 | €1k | €2k | €2k | €3k | €3k | ▼ 9.9% |
| Accrued charges and deferred income492/3 | - | €994 | €4k | €3k | €3k | ▲ 0.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-15k | €19k | €29k | €14k | ▼ 51.2% |
| + Depreciation and write-downs630 | €31k | €32k | €34k | €18k | €24k | ▲ 30.5% |
| Operating cash flow (approximation) | €29k | €17k | €54k | €48k | €38k | ▼ 19.7% |
| Investment in fixed assets (approximation) | - | €-8k | €-15k | €-3k | €-39k | ▼ 1,015% |
| Change in cash | - | €9k | €-8k | €13k | €-9k | ▼ 169% |
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
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 53 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Highest result since 2018net €29k ▲49.9%
Net result €29k, the highest in the series.
08-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €19k
Net result €19k after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
04-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 338 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 585 days late
2019
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
2016
19-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 80 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Seraing · 1 establishment unit since 2002
Ground area
793 m²
Building footprint
260 m²
Volume, LiDAR
1,719 m³
Parcel 62343C0053/00T039, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LES MIRWETTES
since 20022.099.188.183
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62343C0053/00T039 | Wallonia | 793 m² | 1 · 260 m² | 8.7 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 siteSeraing2.099.188.183
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Of 106 companies in sector 87999 we hold annual accounts for 39. 15 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
Founded10-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
87999Residential care activities
87203Residential care activities
Scores and ratios are computed by Checked and are not a credit decision.