PAYALO
ActiveThe computed 12-month bankruptcy probability of PAYALO is 2.7% (moderate). The 2024 annual accounts show equity of €21k and a net result of €5k. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 56% of 1306 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
100
/ 100
Excellent▲ +70 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability81▲+81
Solvency88▲+18
Growth55=
Stability94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.69 against 1.31 in 2023), but 50.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Sector 52
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
49.8%
Return on assets
11.4%
Age of the figures
20 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-03-2026, 238 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
238 d late
2023
329 d late
2022
73 d late
2021
436 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€75k▲ 16.1%
2023 · €65k
2021: €36k
2022: €55k
2023: €65k
2021 → 2024
EBIT margin
13.7%▲ 21.6pp
2023 · -7.9%
2021: 90.1%
2022: -0.8%
2023: -7.9%
2021 → 2024
Net result
€5k
2023 · €-6k
2021: €22k
2022: €-763
2023: €-6k
2021 → 2024
Working capital
€14k▲ 110%
2023 · €7k
2021: €22k
2022: €9k
2023: €7k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€36k-€55k▲ 52.7%€65k▲ 16.8%€75k▲ 16.1%
Equity€22k-€21k▼ 3.4%€16k▼ 26.0%€21k▲ 29.8%
Operating result€33k-€-460€-5k▼ 1,009%€10k
Net result€22k-€-763€-6k▼ 633%€5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €10k after a loss of €5k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €41k
Fixed assets
€6k▼ 31.5%
Current assets
€35k▲ 20.4%
Equity and liabilities €41k
Equity
€21k▲ 29.8%
Debt
€21k▼ 7.1%
The debt ratio falls from 58.5% to 50.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€13k▲
2023 · €-2k
Cash flow
€8k▲
2023 · €-3k
Solvency
49.8%▲
2023 · 41.5%
Current ratio
1.69▲
2023 · 1.31
Quick ratio
1.69▲
2023 · 1.31
Debt / equity
1.01▼
2023 · 1.41
ROE
23.0%▲
2023 · -35.2%
ROA
11.4%▲
2023 · -14.6%
Interest coverage
85.47▲
2023 · -4.12
Debt
€21k▼
2023 · €22k
Debt ≤ 1 year
€21k▼
2023 · €22k
Income taxes
€5k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€38k€41k▲
Fixed assets21/28€9k€6k▼
Tangible fixed assets22/27€8k€6k▼
Furniture and vehicles24€8k€6k▼
Financial fixed assets28€500€500=
Current assets29/58€29k€35k▲
Amounts receivable within one year40/41€22k€28k▲
Trade receivables40€10k€18k▲
Other amounts receivable41€13k€10k▼
Cash at bank and in hand54/58€7k€8k▲
Deferred charges and accrued income490/1€131-
Equity and liabilities
Total equity and liabilities10/49€38k€41k▲
Equity10/15€16k€21k▲
Contributions10/11€120€120=
Capital10€120€120=
Issued capital100€120€120=
Profit (loss) carried forward14€16k€21k▲
Amounts payable17/49€22k€21k▼
Amounts payable within one year42/48€22k€21k▼
Trade debts44€14k€14k▲
Suppliers440/4€14k€14k▲
Taxes, remuneration and social security45€9k€7k▼
Taxes450/3€9k€7k▼
Income statement
Code20232024
Turnover70€65k€75k▲
Goods, raw materials, services and sundry goods60/61€66k€61k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€787€403▼
Gross operating margin9900€-1k€14k▲
Operating profit (loss)9901€-5k€10k▲
Financial charges65/66B€491€893▲
Recurring financial charges65€491€153▼
Non-recurring financial charges66B-€739
Profit (loss) for the period before taxes9903€-6k€9k▲
Income taxes67/77-€5k
Profit (loss) for the period9904€-6k€5k▲
Profit (loss) for the period to be appropriated9905€-6k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€5k▲
Shareholders' contribution to the loss794€21k€16k▼
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
2026
26-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 238 days late
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 329 days late
2024
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
2023
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 73 days late
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 436 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Perwez · 1 establishment unit since 2021
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.
Rue Emile Masset 71360 PerwezGround area
289 m²
Building footprint
162 m²
Volume, LiDAR
1,377 m³
Parcel 25100A0198/00R000, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PAYALO
since 20212.314.355.365
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25100A0198/00R000 | Wallonia | 289 m² | 1 · 162 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 353 companies in sector 52249 we hold annual accounts for 263. 80 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-03-2021
Fiscal year end31-12
Activities, NACEBEL
52249Warehousing and support activities for transportation
53100Postal and courier activities
82100Office administrative and support services
82110Office administrative, office support and other business support activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:payalocha@gmail.com