PAZOLINE
ActiveThe computed 12-month bankruptcy probability of PAZOLINE is 3.5% (moderate). The 2025 annual accounts show equity of €48k and a net result of €-284. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 86% of 13270 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability45▲+13
Solvency99▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.82 against 1.14 in 2024; short-term debt: 26.4% and cash: 16.2% of total assets), and 26.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
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 2025Solvency, return and age of the figures
Solvency
73.6%
Return on assets
-0.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-284
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-09-2026, 39 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 · 9 filingsDeviation from the deadline
2025
39 d late
2024
49 d late
2023
36 d early
2022
51 d late
2021
65 d late
2020
61 d late
2019
63 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€48k▼ 6.0%
2024 · €51k
2018: €34k
2019: €3k
2020: €42k
2021: €68k
2022: €66k
2023: €59k
2024: €51k
2018 → 2025
Total assets
€65k▼ 18.6%
2024 · €80k
2018: €138k
2019: €108k
2020: €139k
2021: €163k
2022: €141k
2023: €116k
2024: €80k
2018 → 2025
Net result
€-284▲ 95.1%
2024 · €-6k
2018: €-13k
2019: €-28k
2020: €42k
2021: €29k
2022: €13k
2023: €-3k
2024: €-6k
2018 → 2025
Working capital
€14k▲ 242%
2024 · €4k
2018: €17k
2019: €-24k
2020: €15k
2021: €32k
2022: €16k
2023: €9k
2024: €4k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€68k-€66k▼ 4.0%€59k▼ 9.4%€51k▼ 14.5%€48k▼ 6.0%
Operating result€45k-€16k▼ 64.1%€-4k€-6k▼ 59.4%€-3k▲ 48.2%
Net result€29k-€13k▼ 56.2%€-3k€-6k▼ 73.4%€-284▲ 95.1%
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 €3k in 2025 against €6k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €65k
Fixed assets
€34k▼ 28.0%
Current assets
€31k▼ 5.3%
Equity and liabilities €65k
Equity
€48k▼ 6.0%
Debt
€17k▼ 40.7%
The debt ratio falls from 36.2% to 26.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€10k▲
2024 · €7k
Cash flow
€14k▲
2024 · €8k
Solvency
73.6%▲
2024 · 63.8%
Current ratio
1.82▲
2024 · 1.14
Quick ratio
1.12▲
2024 · 0.73
Debt / equity
0.36▼
2024 · 0.57
ROE
-0.6%▲
2024 · -11.5%
ROA
-0.4%▲
2024 · -7.3%
Interest coverage
3.20▲
2024 · 2.67
Debt
€17k▼
2024 · €29k
Debt ≤ 1 year
€17k▼
2024 · €29k
Staff costs
€19k▼
2024 · €20k
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€80k€65k▼
Fixed assets21/28€47k€34k▼
Intangible fixed assets21€542€188▼
Tangible fixed assets22/27€45k€32k▼
Plant, machinery and equipment23€28k€18k▼
Furniture and vehicles24€3k€2k▼
Other tangible fixed assets26€13k€12k▼
Financial fixed assets28€1k€1k=
Current assets29/58€33k€31k▼
Stocks and contracts in progress3€12k€12k▲
Stocks30/36€12k€12k▲
Amounts receivable within one year40/41€514€7k▲
Trade receivables40€513€2k▲
Other amounts receivable41€1€4k▲
Cash at bank and in hand54/58€21k€10k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€80k€65k▼
Equity10/15€51k€48k▼
Contributions10/11€19k€19k=
Reserves13€29k€29k=
Distributable reserves133€29k€29k=
Profit (loss) carried forward14€-5k€-6k▼
Investment grants15€8k€6k▼
Amounts payable17/49€29k€17k▼
Amounts payable within one year42/48€29k€17k▼
Current portion of amounts payable after more than one year42€9k€2k▼
Trade debts44€13k€8k▼
Suppliers440/4€13k€8k▼
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€904€351▼
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€5k€5k▲
Income statement
Code20242025
Remuneration, social security and pensions62€20k€19k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€30k€32k▲
Operating profit (loss)9901€-6k€-3k▲
Financial income75/76B€3k€6k▲
Recurring financial income75€3k€6k▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€-6k€-284▲
Profit (loss) for the period9904€-6k€-284▲
Profit (loss) for the period to be appropriated9905€-6k€-284▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-6k▼
Profit (loss) brought forward from the previous period14P€560€-5k▼
The notes to these accounts (10 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
08-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 39 days late
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 49 days late
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 51 days late
2022
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 65 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €42k
Net result €42k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.30
Current ratio from 0.45 to 1.30.
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 63 days late
2019
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
19-12-2023
PAËZ Pascale: Resigned as Managing director
01-11-2019
Caroline Ratz: Resigned as Director
Location & real-estate footprint
Registered office, Vorst · 1 establishment unit since 2017
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.
Bondgenotenstraat 1631190 VorstGround area
138 m²
Building footprint
104 m²
Volume, LiDAR
1,074 m³
Parcel 21007A0069/00D058, Brussels · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PAZOLINE
since 20172.269.848.005
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0069/00D058 | Brussels | 138 m² | 1 · 104 m² | 14.2 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteVorst2.269.848.005
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Of 7,504 companies in sector 56210 we hold annual accounts for 2,444. 2,039 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-05-2017
Fiscal year end31-12
Activities, NACEBEL
56210Event catering
10850Manufacture of food products
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:maildesvoisines@gmail.com