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PAYMAN
ActiveFrom the official registers: KBO 24 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
PAYMAN has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€173,966) and a net result of -€24,958. Equity is shrinking by about 2.7% per year across the filed financial years. Its solvency ranks better than 16% of 5,700 sector peers (NACE 96, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Official details
KBO- Status
- Active since 07-01-2002 Normal situation
- Legal form
- Private limited company
- Registered office
- Brugse Steenweg 69, 8370 Blankenberge
- Activity
- Personal service activities NACE 96101and 10 others
- Establishment units
- 2.095.875.634 8370 Blankenberge, since 17-04-2002
- 2.342.165.166 8370 Blankenberge, since 01-03-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Who decides
Board
- Eshaghzey SorayiaDirector · since 01-04-2022
- Mohamdzey PayamDirector · since 15-12-2023
- MOHAMDZEY PaymanDirector
How it is doing
- Bankruptcy probabilitywithin 12 months
- 1.2%
Annual accounts 2025
- Gross margin
- €179,132
- ▼ 23.3%
- Turnover
- ≈ €320,000
- estimated
- Loss
- €24,958
- Equity
- -€173,966
- ▼ 16.7%
- Total assets
- €310,055
- ▼ 3.0%
- Staff
- 3.8 FTE
- ▼ 19.1%
2025 accounts filed 25 days late
Filed on 25-08-2026at the National Bank
Why 53raises riskCapped at 59: negative equityNegative equity -€173,966Loss of €24,958 (financial year 2025)Liquidity: current ratio 0.25, cash €2,771lowers riskSize: total assets €310,055Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 20% of its sector peers (NACE 96, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency
0=
equity -56.1% of total assets
Liquidity
1=
short-term debt 156.1% · cash 0.9%
Profitability
59-20
return on assets -8.0%
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.6%
12-2024: 0.6%● unchanged vs 11-2024
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025lowest value
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025
08-2025: 1.1%▲ +0.4 percentage points vs 07-2025
09-2025: 0.7%▼ -0.4 percentage points vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.6%▼ -0.1 percentage points vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026
05-2026: 0.6%▼ -0.1 percentage points vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.7%▲ +0.1 percentage points vs 06-2026
08-2026: 1.2%▲ +0.5 percentage points vs 07-2026highest value
09-2026: 1.2%● unchanged vs 08-2026
10-2026: 1.2%● unchanged vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.25, compared with 0.18 in 2024, below 1; short-term debt: 156.1% and cash: 0.9% of total assets), and equity is negative.
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 96, micro): better than 11% on solvency, 3% on liquidity, 41% on profitability and 25% on growth.
The bankruptcy probability was computed on 31-10-2026 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
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€173,966
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
25 days late
2024
28 days late
2023
28 days late
2022
21 days late
2021
30 days late
2020
25 days late
2019
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days after the deadline; the sector median (NACE 96) for financial year 2024 is on the deadline day, and 48% 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. The company usually files around 28 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Risk: Negative equityfinancial year 2025: debts exceed assets -€173,966 View
- Caution: From profit to loss in 2025after €25,271 in 2024 -€24,958 View
- Caution: Among the weakest 5% on equitysector median €15,455 · 5,713 companies -€173,966 View
- Flemish supportawarded from 2022 to 2025 €454,770 View
- New directorlatest change 04-09-2026 · 3 in office 1 joined View
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 25-08-2026
- Annual accounts 2024filed on 28-08-2025
- Annual accounts 2023filed on 28-08-2024
- Annual accounts 2022filed on 21-08-2023
Acts in the Belgian Official Gazette
- Purpose · Amendment of the articles · Resignations & appointmentsact of 08-09-2026
- Amendment of the articles · Legal-form change · Resignations & appointmentsact of 28-12-2023
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
- Check the withholding obligationwith enterprise number 0476.688.979
Key facts about PAYMAN
- What is the company number of PAYMAN?
- 0476.688.979. In Belgium the VAT number is the company number with BE in front: BE 0476.688.979.
- Where is PAYMAN based?
- The registered office is at Brugse Steenweg 69, 8370 Blankenberge.Company details
- What does PAYMAN do?
- According to the KBO register, the main activity is personal service activities (NACE 96101).
- What is the legal form of PAYMAN?
- Private limited company (BV).
- When was PAYMAN founded?
- On 07-01-2002.
- Is PAYMAN still active?
- Yes, PAYMAN is an active enterprise in the KBO register.
- How many employees does PAYMAN have?
- On average 3.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of PAYMAN?
- ≈ €320,000 in financial year 2025. Estimated from the gross margin of €179,132: probably between €240,000 and €360,000, based on 39 comparable companies, NACE 96.
- Is PAYMAN profitable?
- In financial year 2025, PAYMAN made a loss of €24,958.
- Where can I find the annual accounts of PAYMAN?
- PAYMAN filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
- When are the next annual accounts of PAYMAN due?
- By 31-07-2027, for financial year 2026.Timeline
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