PAY & SAVE
InactivePAY & SAVE was declared bankrupt on 12-03-2024 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed for insufficient assets by judgment of 21-10-2025, published in the Belgian State Gazette on 27-10-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 31 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 confirmed
2024
not filed
2023
not filed
2022
31 d late
2021
31 d late
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 31 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Financials · fiscal year 2022, micro schema
Equity
-€403,538▼ 1.0%
2021 · -€399,528
Total assets
€80,528=
2021 · €80,528
Net result
-€4,010▲ 87.4%
2021 · -€31,716
Working capital
-€482,127▼ 0.8%
2021 · -€478,117
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result-€379--€18,150▼ 4,689%-€5,716▲ 68.5%-€27,141▼ 375%-€2,551▲ 90.6%
Net result-€488--€18,343▼ 3,659%-€6,420▲ 65.0%-€31,716▼ 394%-€4,010▲ 87.4%
Equity-€343,049--€361,392▼ 5.3%-€367,812▼ 1.8%-€399,528▼ 8.6%-€403,538▼ 1.0%
Total assets€276,670-€134,238▼ 51.5%€134,102▼ 0.1%€80,528▼ 40.0%€80,528=
Debt€619,719-€495,630▼ 20.0%€501,914▲ 1.3%€480,056▼ 4.4%€484,066▲ 0.8%
Working capital-€413,734--€467,841▼ 13.1%-€474,951▼ 1.5%-€478,117▼ 0.7%-€482,127▼ 0.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,551 in 2022 against €27,141 in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €80,528
Fixed assets
€78,589 =
Current assets
€1,939 =
Key figures and ratios
Solvency
-501.1%▼
2021 · -496.1%
Current ratio
0.00▼
2021 · 0.00
Debt to equity
-1.20▲
2021 · -1.20
ROA
-5.0%▲
2021 · -39.4%
Debt ≤ 1 year
€484,066▲
2021 · €480,056
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €35,500 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €117 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €2,105 | €102 | ▼ 95.2% |
| Non-recurring operating charges66A | - | - | - | €53,550 | - | - |
| Gross operating margin9900 | €379 | -€17,740 | -€3,755 | €28,514 | -€2,449 | ▼ 109% |
| Operating profit (loss)9901 | -€379 | -€18,150 | -€5,716 | -€27,141 | -€2,551 | ▲ 90.6% |
| Financial charges65/66B | - | - | - | €4,575 | €1,459 | ▼ 68.1% |
| Recurring financial charges65 | €109 | €193 | €704 | €4,575 | €1,459 | ▼ 68.1% |
| Profit (loss) for the period before taxes9903 | -€488 | -€18,343 | -€6,420 | -€31,716 | -€4,010 | ▲ 87.4% |
| Profit (loss) for the period9904 | -€488 | -€18,343 | -€6,420 | -€31,716 | -€4,010 | ▲ 87.4% |
| Profit (loss) for the period to be appropriated9905 | -€488 | -€18,343 | -€6,420 | -€31,716 | -€4,010 | ▲ 87.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €276,670 | €134,238 | €134,102 | €80,528 | €80,528 | = |
| Fixed assets21/28 | €95,709 | €131,449 | €132,139 | €78,589 | €78,589 | = |
| Intangible fixed assets21 | €55,852 | €117,305 | €117,305 | €75,305 | €75,305 | = |
| Tangible fixed assets22/27 | €37,263 | €11,550 | €11,550 | - | - | - |
| Financial fixed assets28 | €2,594 | €2,594 | €3,284 | €3,284 | €3,284 | = |
| Current assets29/58 | €180,961 | €2,789 | €1,963 | €1,939 | €1,939 | = |
| Amounts receivable within one year40/41 | €179,928 | €1,939 | €1,939 | €1,939 | €1,939 | = |
| Other amounts receivable41 | - | - | - | €1,939 | €1,939 | = |
| Cash at bank and in hand54/58 | €1,033 | €850 | €24 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €276,670 | €134,238 | €134,102 | €80,528 | €80,528 | = |
| Equity10/15 | -€343,049 | -€361,392 | -€367,812 | -€399,528 | -€403,538 | ▼ 1.0% |
| Contributions10/11 | €736,883 | €736,883 | €736,883 | €736,883 | €736,883 | = |
| Capital10 | - | - | - | €736,883 | €736,883 | = |
| Issued capital100 | - | - | - | €736,883 | €736,883 | = |
| Profit (loss) carried forward14 | -€1.1m | -€1.1m | -€1.1m | -€1.1m | -€1.1m | ▼ 0.4% |
| Amounts payable17/49 | €619,719 | €495,630 | €501,914 | €480,056 | €484,066 | ▲ 0.8% |
| Amounts payable within one year42/48 | €594,695 | €470,630 | €476,914 | €480,056 | €484,066 | ▲ 0.8% |
| Financial debts43 | - | - | - | €5,054 | €5,134 | ▲ 1.6% |
| Credit institutions430/8 | - | - | - | €5,054 | €5,134 | ▲ 1.6% |
| Trade debts44 | €161,076 | €161,568 | €162,123 | €159,885 | €160,006 | ▲ 0.1% |
| Suppliers440/4 | - | - | - | €159,885 | €160,006 | ▲ 0.1% |
| Other amounts payable47/48 | - | - | - | €315,117 | €318,926 | ▲ 1.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€488 | -€18,343 | -€6,420 | -€31,716 | -€4,010 | ▲ 87.4% |
| + Depreciation and write-downs630 | €117 | - | - | - | - | - |
| Operating cash flow (approximation) | -€371 | -€18,343 | -€6,420 | -€31,716 | -€4,010 | ▲ 87.4% |
| Investment in fixed assets (approximation) | - | -€35,740 | -€690 | €53,550 | €0 | ▼ 100% |
| Change in cash | - | -€183 | -€826 | - | - | - |
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
2025
27-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 21-10-2025
02-06
KBO administration
Address struck
2024
18-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 12-03-2024
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€31,716
Net result drops to -€31,716, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 310 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 27 days late
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
12 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEVEN HEYLEN VLAKKE VELDEN 1, 2270 HERENT-
HOUT |
12-03-2024 → 21-10-2025 |
Identification & contact
Identification
Legal formNV
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.