PAXYA
ActivePAXYA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €533k and a net result of €247k. Equity is shrinking by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 17% of 3184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▲+8
Solvency38▼-28
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.55 against 0.73 in 2024; short-term debt: 86.7% and cash: 6.2% of total assets), and 86.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 70
Relative position
BE, all sectors
reference
Sector 70
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
13.3%
Return on assets
6.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 3184 sector peers (2025).
NBB · sector comparisonPosition among 3184 sector peers
Solvency
better than 17%
← weakest
strongest →
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
7 d early
2023
5 d early
2022
3 d early
2021
29 d late
2020
31 d late
2019
48 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€247k▲ 98.9%
2024 · €124k
2018: €-300k
2019: €546k
2020: €173k
2021: €-199k
2022: €-347k
2023: €-49k
2024: €124k
2018 → 2025
Working capital
€-1.56M▼ 149%
2024 · €-624k
2018: €-85k
2019: €311k
2020: €-237k
2021: €-531k
2022: €-879k
2023: €-821k
2024: €-624k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.86M-€1.51M▼ 18.7%€1.46M▼ 3.2%€1.59M▲ 8.5%€533k▼ 66.4%
Operating result€-54k-€-37k▲ 31.6%€-32k▲ 13.6%€-51k▼ 58.8%€-43k▲ 15.5%
Net result€-199k-€-347k▼ 74.0%€-49k▲ 85.9%€124k€247k▲ 98.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €43k in 2025 against €51k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.00M
Fixed assets
€2.09M▼ 5.5%
Current assets
€1.91M▲ 12.3%
Equity and liabilities €4.00M
Equity
€533k▼ 66.4%
Debt
€3.46M▲ 49.1%
The debt ratio rises from 59.4% to 86.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€99k▲
2024 · €93k
Cash flow
€389k▲
2024 · €268k
Solvency
13.3%▼
2024 · 40.6%
Current ratio
0.55▼
2024 · 0.73
Quick ratio
0.55▼
2024 · 0.73
Debt / equity
6.50▲
2024 · 1.46
ROE
46.4%▲
2024 · 7.8%
ROA
6.2%▲
2024 · 3.2%
Interest coverage
-0.86▼
2024 · -0.53
Debt
€3.46M▲
2024 · €2.32M
Debt ≤ 1 year
€3.46M▲
2024 · €2.32M
Income taxes
€7k▲
2024 · €2k
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
Assets
Total assets20/58€3.91M€4.00M▲
Fixed assets21/28€2.21M€2.09M▼
Tangible fixed assets22/27€2.21M€2.09M▼
Land and buildings22€2.04M€1.95M▼
Plant, machinery and equipment23€92k€72k▼
Furniture and vehicles24€78k€62k▼
Current assets29/58€1.70M€1.91M▲
Stocks and contracts in progress3€2k€2k▼
Stocks30/36€2k€2k▼
Amounts receivable within one year40/41€3k-
Trade receivables40€3k-
Other amounts receivable41€88-
Current investments50/53€1.63M€1.65M▲
Cash at bank and in hand54/58€59k€246k▲
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€3.91M€4.00M▲
Equity10/15€1.59M€533k▼
Contributions10/11€3.30M€2.00M▼
Capital10€3.30M€2.00M▼
Issued capital100€3.30M€2.00M▼
Reserves13€18k-
Tax-exempt reserves132€18k-
Profit (loss) carried forward14€-1.73M€-1.47M▲
Amounts payable17/49€2.32M€3.46M▲
Amounts payable within one year42/48€2.32M€3.46M▲
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€8k€10k▲
Taxes450/3€8k€10k▲
Other amounts payable47/48€2.31M€3.45M▲
Accrued charges and deferred income492/3€700-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€144k€142k▼
Other operating charges640/8€35k€28k▼
Gross operating margin9900€129k€127k▼
Operating profit (loss)9901€-51k€-43k▲
Financial income75/76B€47€182k▲
Recurring financial income75€47€182k▲
Financial charges65/66B€-176k€-115k▲
Recurring financial charges65€-176k€-115k▲
Profit (loss) for the period before taxes9903€126k€254k▲
Income taxes67/77€2k€7k▲
Profit (loss) for the period9904€124k€247k▲
Transfer from tax-exempt reserves789-€18k
Profit (loss) for the period to be appropriated9905€124k€265k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.73M€-1.47M▲
Profit (loss) brought forward from the previous period14P€-1.86M€-1.73M▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €124k
Net result €124k after 3 loss-making years.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-347k
Net result drops to €-347k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Equity above €2MEq €2.06M ▲9.2%
2 profitable years in a row build equity to €2.06M.
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 48 days late
2019
31-12
Financial
Back to profitnet €546k
Net result €546k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Raeren · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hauptstrasse 954730 Raeren1 establishment unit
CHARISMOON
since 19942.066.866.003
Recognitions · licences · registrations
Legal Entity Identifier
9845001C7CFA1DF46E15
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ANTRO GROUP
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 34,140 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-05-1988
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
63303
68310Real estate agency activities
68311Real estate activities
70210Activities of head offices; management consultancy activities
70311
71112Activities of interior architects
73300Public relations and communication consultancy
74141
74872
79901Tourist information services
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filings
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.