Losses
-€361,097 in two years
The 2025 and 2026 financial years closed with a loss. 2025 was the heaviest.
PAVERDES
Lifetime
20 annual accounts with figures on one time axis, 31 filings since 1994peak €718,137 (2022)
€287,017▲ 89.3%
lowest -€233,719 (2025)
-€127,378▲ €106,341
peak €1.7m (2024)
€1.3m▼ 8.8%
€10.7m▲ 0.6%
peak 0 FTE (2024)
0 FTE
Board2 names since 2013
2 directorsGeert Vermeulen and 1 other
Documentsfilings and deeds
15-10-202616 days before the deadline
2026financial year
Gross margin from €151,627 to €287,017Loss of €127,378Reappointments: Geert Vermeulen (director) and Johan Vermeule… 07-01
Key points
from the 2026 annual accountsTurnover
≈ €1.0m estimated
The accounts state no turnover.
Debts
€10.7m 89% of the balance sheet
Financial debts 9%Suppliers 0%Taxes and wages 0%Other 91%
Of this, €9.8m falls due within a year.
Filings
31 annual accounts since 1994
The last five annual accounts were filed 4 to 50 days before the end of the period.
At the same address
6 companies
Position in the sector
-€127,378
Lower net result than 87% of companies in retail trade. Sector median €43,673 · 396 companies.
Checked score
82
Excellent
Financially stronger than 20% of medium-sized companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 385 companies (NACE 47, medium-sized).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%lowest value
01-2025: 0.3%● unchanged vs 12-2024lowest value
02-2025: 0.3%● unchanged vs 01-2025lowest value
03-2025: 0.3%● unchanged vs 02-2025lowest value
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.5%▲ +0.2 percentage points vs 09-2025highest value
11-2025: 0.3%▼ -0.2 percentage points vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.3%▼ -0.1 percentage points vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.58, cash €26,044
Sector: Retail trade (NACE 47)
Equity €1.3m (11.0% of total assets)
lowers risk
Size: total assets €12.0m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, medium-sized). It does better than 28% of them on solvency, 9% on liquidity, 18% on profitability and 24% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 371 companies had the same profile as PAVERDES has now. Each dot is one company, two years later.
97.0%
were still trading
2.2%
stopped another way
0.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PAVERDES itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 371 companies, not a prediction for PAVERDES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.58 (0.58 in 2025), below 1. Short-term debt is 81.4% and cash 0.2% of total assets. 89% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
1920212223242526
2019 to 2026 · latest year -€127,378
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 399 sector peers (2026).
NBB · sector comparisonPosition among 399 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 15-10-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
16 days early
2025
4 days early
2024
31 days early
2023
50 days early
2022
14 days early
2021
2 days early
2020
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 17 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 15 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Reappointments: Geert Vermeulen (director) and Johan Vermeulen (director)
General meeting of 10-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0449041209
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en met wijziging van het aantal woongelegenheden · Moorslede
Environmental permit granted
Functiewijziging zonder verbouwingswerken, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen, Verbouwen en/of uitbreiden met functiewijziging en met wijziging van het aantal woongelegenheden · Moorslede
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PAVERDES Moorslede | €12.0m | €0.3m | 11.0% | 0 |
| BHG AG Bullange | €5.3m | €0.4m | 29.1% | 0.5 |
| ART RESEARCH AND CONTACT Brussels | €3.8m | €0.2m | 87.0% | 1.2 |
| BATIKA Lasne | €9.5m | €0.1m | 73.2% | - |
| DELVOYE ART Ghent | €3.0m | €0.2m | 32.0% | 1 |
| LECARBO Zonnebeke | €5.5m | €1.0m | 43.9% | 2 |
| CEULEMANS Boechout | €2.9m | €0.5m | 91.0% | 1 |
These companies have the same main activity as PAVERDES: other retail sale of new goods (NACE 47789). They are comparable in size and age: total assets between €2.9m and €9.5m, founded between 1982 and 2007.
Official details
Source: KBO- Status
- Active since 28-12-1992Normal situation
- Activity
- Other retail sale of new goodsNACE 47789and 3 others
- Establishment unit
- 2.060.510.8208890 Moorslede, since 27-01-1993
- Financial year end
- 31 March
- Peppol
- Reachable since 25-11-2025
Annual accounts to 31-03-2026
- €12.0m▼ 0.5%
- Filing
- Filed on 15-10-2026, 16 days before the end of the filing period
Insights on PAVERDES
PAVERDES has existed since 1992. The gross margin fell from €718,137 in 2022 to €151,627 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PAVERDES
- What is the company number of PAVERDES?
- The company number of PAVERDES is 0449.041.209. The VAT number is the same number with BE in front: BE 0449.041.209.
- Where is PAVERDES based?
- The registered office is at Roeselaarsestraat 242, 8890 Moorslede.Company details
- What does PAVERDES do?
- According to the KBO register, the main activity is other retail sale of new goods (NACE 47789).
- What is the legal form of PAVERDES?
- PAVERDES is a public limited company (NV).
- When was PAVERDES founded?
- PAVERDES was founded on 28-12-1992.
- Is PAVERDES still active?
- Yes, PAVERDES is an active enterprise in the KBO register.
- What is the turnover of PAVERDES?
- The turnover in financial year 2026 is ≈ €1.0m. This figure is estimated from the gross margin of €287,017 and 47 comparable companies (NACE 477). It probably lies between €780,000 and €1.6m.Financials
- Is PAVERDES profitable?
- In financial year 2026, PAVERDES made a loss of €127,378.
- Where can I find the annual accounts of PAVERDES?
- PAVERDES filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of PAVERDES due?
- PAVERDES must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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