Summary
The computed 12-month bankruptcy probability of PAXOS is 1.8% (moderate). The 2015 annual accounts show equity of €46k and a net result of €5k. Equity is growing by ~82.1% per year across the filed fiscal years. The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2015 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2015 · tick = 2014
Profitability46▼-8
Solvency53▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2015Solvency, return and age of the figures
Solvency
28.3%
Return on assets
3.3%
Age of the figures
138 mo
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
neutral · No filing for years
The last filed financial year closed on 31-03-2015. Since then, 10 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-03-2016 close31-10-2016 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-03-2015 was due by 31-10-2015 and was filed on 26-11-2015, 26 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
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2015, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5k▼ 47.0%
2014 · €10k
2011: €13khighest in 5 years
2012: €6k▼ -55.6% vs 2011
2013: €8k▲ +27.5% vs 2012
2014: €10k▲ +33.8% vs 2013
2015: €5k▼ -47.0% vs 2014lowest in 5 years
2011 → 2015
Working capital
€-74k▲ 2.7%
2014 · €-76k
2011: €-121klowest in 5 years
2012: €-114k▲ +5.7% vs 2011
2013: €-103k▲ +9.9% vs 2012
2014: €-76k▲ +25.5% vs 2013
2015: €-74k▲ +2.7% vs 2014highest in 5 years
2011 → 2015
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20112012201320142015Trend
Equity€5k-€11k▲ 116%€18k▲ 68.5%€41k▲ 122%€46k▲ 13.0%
2011: €5klowest in 5 years
2012: €11k▲ +116% vs 2011
2013: €18k▲ +68.5% vs 2012
2014: €41k▲ +122% vs 2013
2015: €46k▲ +13.0% vs 2014highest in 5 years
Operating result€14k-€10k▼ 28.5%€12k▲ 17.2%€16k▲ 31.3%€8k▼ 48.7%
2011: €14k
2012: €10k▼ -28.5% vs 2011
2013: €12k▲ +17.2% vs 2012
2014: €16k▲ +31.3% vs 2013highest in 5 years
2015: €8k▼ -48.7% vs 2014lowest in 5 years
Net result€13k-€6k▼ 55.6%€8k▲ 27.5%€10k▲ 33.8%€5k▼ 47.0%
2011: €13khighest in 5 years
2012: €6k▼ -55.6% vs 2011
2013: €8k▲ +27.5% vs 2012
2014: €10k▲ +33.8% vs 2013
2015: €5k▼ -47.0% vs 2014lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result falls in 2015; 2015 is 49% below 2014 and is the lowest result in the available series.
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €164k
Fixed assets
€121k ▲ 2.8%
Current assets
€43k ▲ 13.6%
Equity and liabilities €164k
Equity
€46k ▲ 13.0%
Debt
€117k ▲ 2.7%
Debt's share of the balance-sheet total falls from 73.6% to 71.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13k▼
2014 · €20k
Cash flow
€10k▼
2014 · €14k
Current ratio
0.37▲
2014 · 0.33
ROE
11.5%▼
2014 · 24.5%
ROA
3.3%▼
2014 · 6.5%
Debt ≤ 1 year
€117k▲
2014 · €114k
Income taxes
€2k▼
2014 · €5k
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 · 2015 against 2014 · 22 lines
Balance sheet
Code20142015
Assets
Total assets20/58€155k€164k▲
Fixed assets21/28€117k€121k▲
Tangible fixed assets22/27€117k€121k▲
Current assets29/58€38k€43k▲
Amounts receivable within one year40/41€38k€43k▲
Equity and liabilities
Total equity and liabilities10/49€155k€164k▲
Equity10/15€41k€46k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Profit (loss) carried forward14€20k€26k▲
Amounts payable17/49€114k€117k▲
Amounts payable within one year42/48€114k€117k▲
Trade debts44€11k€15k▲
Income statement
Code20142015
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Gross operating margin9900€20k€13k▼
Operating profit (loss)9901€16k€8k▼
Recurring financial income75€0€0▲
Recurring financial charges65€709€761▲
Profit (loss) for the period before taxes9903€15k€7k▼
Income taxes67/77€5k€2k▼
Profit (loss) for the period9904€10k€5k▼
Profit (loss) for the period to be appropriated9905€10k€5k▼
Accounts by statement
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €4k | €4k | €5k | ▲ 20.7% |
| Gross operating margin9900 | €18k | €14k | €17k | €20k | €13k | ▼ 33.2% |
| Operating profit (loss)9901 | €14k | €10k | €12k | €16k | €8k | ▼ 48.7% |
| Recurring financial income75 | €22 | €61 | €1 | €0 | €0 | ▲ 2,300% |
| Recurring financial charges65 | €508 | €536 | €490 | €709 | €761 | ▲ 7.3% |
| Profit (loss) for the period before taxes9903 | €14k | €10k | €12k | €15k | €7k | ▼ 51.3% |
| Income taxes67/77 | €703 | €4k | €4k | €5k | €2k | ▼ 59.7% |
| Profit (loss) for the period9904 | €13k | €6k | €8k | €10k | €5k | ▼ 47.0% |
| Profit (loss) for the period to be appropriated9905 | €13k | €6k | €8k | €10k | €5k | ▼ 47.0% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €133k | €125k | €142k | €155k | €164k | ▲ 5.4% |
| Fixed assets21/28 | €126k | €125k | €121k | €117k | €121k | ▲ 2.8% |
| Tangible fixed assets22/27 | €126k | €125k | €121k | €117k | €121k | ▲ 2.8% |
| Current assets29/58 | €6k | €471 | €21k | €38k | €43k | ▲ 13.6% |
| Amounts receivable within one year40/41 | €3k | €413 | €21k | €38k | €43k | ▲ 13.6% |
| Cash at bank and in hand54/58 | €637 | €58 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €133k | €125k | €142k | €155k | €164k | ▲ 5.4% |
| Equity10/15 | €5k | €11k | €18k | €41k | €46k | ▲ 13.0% |
| Contributions10/11 | €6k | €6k | €6k | €19k | €19k | = |
| Reserves13 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-1k | €3k | €10k | €20k | €26k | ▲ 26.0% |
| Amounts payable17/49 | €128k | €114k | €124k | €114k | €117k | ▲ 2.7% |
| Amounts payable within one year42/48 | €127k | €114k | €124k | €114k | €117k | ▲ 2.7% |
| Trade debts44 | €73k | €30k | €3k | €11k | €15k | ▲ 30.4% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €6k | €8k | €10k | €5k | ▼ 47.0% |
| + Depreciation and write-downs630 | €4k | €4k | €4k | €4k | €5k | ▲ 20.7% |
| Operating cash flow (approximation) | €17k | €10k | €11k | €14k | €10k | ▼ 28.5% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €0 | €-8k | - |
| Change in cash | - | €-579 | - | - | - | - |
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
2015
26-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
31-03
Financial
Weakest financial yearnet €5k ▼47%
Net result drops to €5k, the lowest in the series.
2014
25-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 25 days late
2013
28-11
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 28 days late
2012
30-11
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 30 days late
2011
18-11
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 18 days late
2010
29-11
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 29 days late
2009
05-11
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 5 days late
2008
21-11
NBB filing
Annual accounts filed
fiscal year 2008 · full schema · 21 days late
2007
27-11
NBB filing
Annual accounts filed
fiscal year 2007 · full schema · 27 days late
2006
27-09
NBB filing
Annual accounts filed
fiscal year 2006 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Genappe · 1 establishment unit since 2001
Ground area
1,079 m²
Building footprint
78 m²
Volume, LiDAR
554 m³
Parcel 25003E0206/00R000, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Establishment
since 20012.098.136.823
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25003E0206/00R000 | Wallonia | 1,079 m² | 1 · 78 m² | 8.5 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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded29-03-2001
Fiscal year end31-03
Scores and ratios are computed by Checked and are not a credit decision.