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Paxcli

Active
Private limited companyfounded 2024active for 2 yearsKatstraat 61, 9420 Erpe-Mere, BelgiumKBO/BCE: BE 1007.328.964
Summary

The computed 12-month bankruptcy probability of Paxcli is 1.9% (moderate). The 2025 annual accounts show equity of €12,471 and a net result of €5,119. Its solvency ranks better than 77% of 16,816 sector peers (NACE 56, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Cafés and bars
NACE 56301
1 site
Size
€20,401total assets 2025
Equity
€12,471
Profit
€5,119
Turnover not published (micro format)
Financial health
57 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.9%
Structure
2025 accounts 23 days early
Why 57raises riskFounded in 2024Sector: Food and beverage service activities (NACE 56)Size: total assets €20,401lowers riskLiquidity: current ratio 2.57, cash €20,353Show the evidence

Checked score

Score 2025
57 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 85% of its sector peers (NACE 56, micro)
Financial strength · tick = 2024
Strong
Solvency 86+20
equity 61.1% of total assets
Liquidity 82+8
short-term debt 38.9% · cash 99.8%
Profitability 100+1
return on assets 25.1%
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,755 companies, NACE 56, micro)
Last 24 months 04-2025: 3.9% 05-2025: 3.9%● unchanged vs 04-2025 06-2025: 4.1%▲ +0.2 percentage points vs 05-2025 07-2025: 4.4%▲ +0.3 percentage points vs 06-2025highest value 08-2025: 1.3%▼ -3.1 percentage points vs 07-2025lowest value 09-2025: 1.3%● unchanged vs 08-2025 10-2025: 1.4%▲ +0.1 percentage points vs 09-2025 11-2025: 1.4%● unchanged vs 10-2025 12-2025: 1.4%● unchanged vs 11-2025 01-2026: 1.3%▼ -0.1 percentage points vs 12-2025 02-2026: 1.3%● unchanged vs 01-2026 03-2026: 1.4%▲ +0.1 percentage points vs 02-2026 04-2026: 1.5%▲ +0.1 percentage points vs 03-2026 05-2026: 1.6%▲ +0.1 percentage points vs 04-2026 06-2026: 3.5%▲ +1.9 percentage points vs 05-2026 07-2026: 3.6%▲ +0.1 percentage points vs 06-2026 08-2026: 1.9%▼ -1.7 percentage points vs 07-2026 09-2026: 1.9%● unchanged vs 08-2026 10-2026: 1.9%● unchanged vs 09-2026
Credit of up to €500 on 30-day terms is acceptable
Liquidity ample (current ratio 2.57, compared with 1.9 in 2024, above the usual 1.5; short-term debt: 38.9% and cash: 99.8% of total assets), and 38.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 56, micro): better than 77% on solvency, 85% on liquidity, 93% on profitability and 85% on growth.

The bankruptcy probability was computed on 23-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
raises risk · Size: total assets €20,401
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 2.57, cash €20,353
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
23 days early
2024
18 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 21 days before the deadline; the sector median (NACE 56) for financial year 2024 is 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Registered officeRegistered-office move · Power of…
  3. Annual accounts filedfinancial year 2024 · micro…

Financials · financial year 2025, micro format

Equity
€12,471▲ 69.6%
2024 · €7,352
Total assets
€20,401▲ 13.5%
2024 · €17,970
Net result
€5,119▲ 17.6%
2024 · €4,352
Working capital
€12,471▲ 49.4%
2024 · €8,349
Trend over the years

2024 to 2025, 2 financial years

The operating result rises in 2025; 2025 is 24% above 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€7,455 2025 Net result€5,119 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€5,995-€7,455▲ 24.4%
Net result€4,352within the sector's middle half-€5,119within the sector's middle half▲ 17.6%
Equity€7,352within the sector's middle half-€12,471within the sector's middle half▲ 69.6%
Total assets€17,970below the sector's middle half-€20,401below the sector's middle half▲ 13.5%
Debt€10,618-€7,929▼ 25.3%
Working capital€8,349within the sector's middle half-€12,471within the sector's middle half▲ 49.4%
Solvency40.9%within the sector's middle half-61.1%above the sector's middle half▲ 20.2pp
Current ratio1.90within the sector's middle half-2.57above the sector's middle half▲ 0.67
Return on assets (ROA)24.2%above the sector's middle half-25.1%above the sector's middle half▲ 0.9pp
above within below the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €20,401
Equity €12,471 ▲ 69.6%
Debt €7,929 ▼ 25.3%
Debt's share of the balance-sheet total falls from 59.1% to 38.9%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€7,821▲
2024 · €7,091
Cash flow
€5,484▲
2024 · €5,448
Debt to equity
0.64▼
2024 · 1.44
ROE
41.0%▼
2024 · 59.2%
Interest coverage
65.64▼
2024 · 80.28
Debt ≤ 1 year
€7,929▼
2024 · €9,256
Income taxes
€2,217▲
2024 · €1,555
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

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 95.8% 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
95.8% still going

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

For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 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% 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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€17,970€20,401▲
Formation expenses20€365€0▼
Current assets29/58€17,605€20,401▲
Amounts receivable within one year40/41€8,205€47▼
Trade receivables40€6,760€34▼
Other amounts receivable41€1,445€13▼
Cash at bank and in hand54/58€9,400€20,353▲
Equity and liabilities
Total equity and liabilities10/49€17,970€20,401▲
Equity10/15€7,352€12,471▲
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€4,352€9,471▲
Amounts payable17/49€10,618€7,929▼
Amounts payable within one year42/48€9,256€7,929▼
Trade debts44€118€0▼
Suppliers440/4€118€0▼
Taxes, remuneration and social security45€9,120€5,771▼
Taxes450/3€7,120€3,771▼
Remuneration and social security454/9€2,000€2,000=
Other amounts payable47/48€18€2,159▲
Accrued charges and deferred income492/3€1,362€0▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,096€365▼
Gross operating margin9900€7,091€7,821▲
Operating profit (loss)9901€5,995€7,455▲
Financial charges65/66B€88€119▲
Recurring financial charges65€88€119▲
Profit (loss) for the period before taxes9903€5,907€7,336▲
Income taxes67/77€1,555€2,217▲
Profit (loss) for the period9904€4,352€5,119▲
Profit (loss) for the period to be appropriated9905€4,352€5,119▲
Appropriation of the result
Profit (loss) to be appropriated9906€4,352€9,471▲
Profit (loss) brought forward from the previous period14P-€4,352

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,096€365▼ 66.7%
Gross operating margin9900€7,091€7,821▲ 10.3%
Operating profit (loss)9901€5,995€7,455▲ 24.4%
Financial charges65/66B€88€119▲ 34.9%
Recurring financial charges65€88€119▲ 34.9%
Profit (loss) for the period before taxes9903€5,907€7,336▲ 24.2%
Income taxes67/77€1,555€2,217▲ 42.6%
Profit (loss) for the period9904€4,352€5,119▲ 17.6%
Profit (loss) for the period to be appropriated9905€4,352€5,119▲ 17.6%
Line20242025Change
Assets
Total assets20/58€17,970€20,401▲ 13.5%
Formation expenses20€365€0▼ 100%
Current assets29/58€17,605€20,401▲ 15.9%
Amounts receivable within one year40/41€8,205€47▼ 99.4%
Trade receivables40€6,760€34▼ 99.5%
Other amounts receivable41€1,445€13▼ 99.1%
Cash at bank and in hand54/58€9,400€20,353▲ 117%
Equity and liabilities
Total equity and liabilities10/49€17,970€20,401▲ 13.5%
Equity10/15€7,352€12,471▲ 69.6%
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€4,352€9,471▲ 118%
Amounts payable17/49€10,618€7,929▼ 25.3%
Amounts payable within one year42/48€9,256€7,929▼ 14.3%
Trade debts44€118€0▼ 100%
Suppliers440/4€118€0▼ 100%
Taxes, remuneration and social security45€9,120€5,771▼ 36.7%
Taxes450/3€7,120€3,771▼ 47.0%
Remuneration and social security454/9€2,000€2,000=
Other amounts payable47/48€18€2,159▲ 117×
Accrued charges and deferred income492/3€1,362€0▼ 100%
Line20242025Change
Profit (loss) for the period9904€4,352€5,119▲ 17.6%
+ Depreciation and write-downs630€1,096€365▼ 66.7%
Operating cash flow (approximation)€5,448€5,484▲ 0.7%
Change in cash-€10,954-

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

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2025 micro format 08-07-2026 2026-00268863
31-12-2024 micro format 13-07-2025 2025-00262514

Similar companies · same sector, comparable size

Of the 13,718 active companies whose main activity is cafés and bars (NACE 56301), figures are known for 4,913. 3,724 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 office holder, no change since 2024

Other functions 1

DEPAUWValerie
Eerste,niet statutairebestuurder · since 22-03-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

1 person since 2024, 1 in office
Show
  • Other function
Mandates per person, with start and end dates
Name Functions and periods
DEPAUWValerie
  • Eerste,niet statutairebestuurder, from 22-03-2024 to date
See the board, name and registered office on a given date →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

Group and network

Connections & network

1 office holder
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 20 March 2024, Paxcli was incorporated as a private limited company.1 In 2026 the registered office moved to Bambrugge.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 05-05-2026
  3. 3National Bank, annual accounts 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
08-07
NBB filing Annual accounts filed
financial year 2025 · micro format
05-05
Gazette deed Registered office
Registered-office move · Power of attorney3 facts ▸
  • General meeting, 31-03-2026
  • Registered-office move, Katstraat 61, 9420 Bambrugge
  • Power of attorney, Reyns - De Paepe
2025
13-07
NBB filing Annual accounts filed
financial year 2024 · micro format
2024
22-03
Gazette deed Incorporation
Appointment: DEPAUWValerie (eerste,niet statutairebestuurder) · Founder · Founding capital7 facts ▸
  • Incorporation, “Paxcli” (deed in Dutch)
  • Founder, CLINCKSPOORGwen
  • Founder, DEPAUWValerie
  • Founding capital, €3,000
  • Bank account, “ING, BE71363241358369” (deed in Dutch)
  • Director appointment, DEPAUWValerie (eerste,niet statutairebestuurder)
  • Pre-incorporation commitments, “takeover, artikel2:2WVV” (deed in Dutch)
Gazette deedNBB filing
2 of 2 deeds read

Register details

Identification
Legal formPrivate limited company
Founded20-03-2024
Financial year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
47279Other retail sale of food
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
56210Event catering
82990Other business support services
93123Sports, amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1007328964
Also 9925:BE1007328964
Registered 18-12-2025

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

Register as of 24 October 2026 · Peppol Directory

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

Recognitions · licences · registrations

Food safety, FASFC

1 site
Sint-Lievens-Houtemunit no. 2.357.896.289
1 permission
Drankgelegenheid · since 01-04-2024

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Erpe-Mere · 1 establishment unit since 2024
registered office establishment The establishment unit on the map
Ground area
6,684 m²
Building footprint
758 m²
Building volume
732 m³
2 parcels, Flanders · tallest building 7.9 m. Linked by address, not a title deed.
1 establishment unit
Paxcli
Polbroek 62B, 9520 Sint-Lievens-HoutemOther non-specialised retail sale
since 2024unit no. 2.357.896.289
2 parcels
Flanders 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
41063C0471/00A000 Flanders 5,840 m² 1 · 604 m² -
41006A0093/02K000 Flanders 844 m² 1 · 154 m² 7.8 m · 2
How the parcels are linked
Good to know
Both parcels match the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Uitbatingvaneenhorecazaako.a.caféoftaverne; Eetgelegenheidmetbeperkteofvolledigebediening; Cateringactiviteiten…” (deed in Dutch)
11 activities (deed in Dutch)
  1. Uitbatingvaneenhorecazaako.a.caféoftaverne.
  2. Eetgelegenheidmetbeperkteofvolledigebediening.
  3. Cateringactiviteiten.
  4. Klaarmaken,thuisbezorgeneventueelserverenvanmaaltijdenenbereideschotels.
  5. Organiserenenverzorgenvandiversefeestelijkheden.
  6. Detailhandelinkledingen toebehorenen dit voordames,herenenkinderen
  7. Organiserenenpromotenvansportevenementenalszelfstandigeactiviteitofoorrekeningvanderden;ditemvattevenshetgevenvanopleidingindiversesporteno.a.padel,tennisenoverigebalsporten.
  8. Detailhandeleninternetverkoopvanvoedingen genotsmiddelenendit omvattevensdehandelinvoedingssupplementen.
  9. Overigezakelijkedienstverleningenpersoonlijkediensten.
  10. Beleggenenherbeleggenvanbeschikbaremiddeleninroerendealsineigenonroerendegoederen.
  11. Waarnemenvanfunctievanbestuurder,vereffenaarofgemandateerdeevenalselkedirectiefunctieineenonderneming

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
One provision in the deed

deed of 22-03-2024

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
One provision in the deed

deed of 22-03-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
“Ondergetekende Notaris bevestigt dat deze deponering heeft plaatsgevonden overeenkomstig de bepalingen van het Wetboek van vennootschappen…” (deed in Dutch)

deed of 22-03-2024

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
One provision in the deed
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
One provision in the deed

deed of 22-03-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

4 more provisions in the deed, see the deed of 22-03-2024

deed of 22-03-2024