PYAJ SERVICES & LOGISTICS
ActiveSummary
The computed 12-month bankruptcy probability of PYAJ SERVICES & LOGISTICS is 4.9% (elevated). The 2025 annual accounts show equity of €51k and a net result of €36k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 61% of 4654 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency75▲+5
Growth85=
Track record94
Bankruptcy probability, 12 months
4.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity ample (current ratio 1.99 against 1.81 in 2024; short-term debt: 50.4% and cash: 0.6% of total assets), but 50.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
49.6%
Return on assets
35.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 4 filingsDeviation from the deadline
2025
28 d late
2024
on the day
2023
86 d late
2022
28 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€305k▲ 98.4%
2024 · €154k
2022: €49klowest in 4 years
2023: €71k▲ +44.0% vs 2022
2024: €154k▲ +116% vs 2023
2025: €305k▲ +98.4% vs 2024highest in 4 years
2022 → 2025
EBIT margin
12.2%▼ 0.1pp
2024 · 12.3%
2022: -28.3%lowest in 4 years
2023: 3.4%▲ +112% vs 2022
2024: 12.3%▲ +262% vs 2023highest in 4 years
2025: 12.2%▼ -0.9% vs 2024
2022 → 2025
Net result
€36k▲ 103%
2024 · €18k
2022: €-14klowest in 4 years
2023: €2k▲ +114% vs 2022
2024: €18k▲ +779% vs 2023
2025: €36k▲ +103% vs 2024highest in 4 years
2022 → 2025
Working capital
€51k▲ 248%
2024 · €15k
2022: €-5klowest in 4 years
2023: €-3k▲ +38.6% vs 2022
2024: €15k▲ +553% vs 2023
2025: €51k▲ +248% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€49k-€71k▲ 44.0%€154k▲ 116%€305k▲ 98.4%
2022: €49klowest in 4 years
2023: €71k▲ +44.0% vs 2022
2024: €154k▲ +116% vs 2023
2025: €305k▲ +98.4% vs 2024highest in 4 years
Equity€-5k-€-3k▲ 38.6%€15k€51k▲ 248%
2022: €-5klowest in 4 years
2023: €-3k▲ +38.6% vs 2022
2024: €15k▲ +553% vs 2023
2025: €51k▲ +248% vs 2024highest in 4 years
Operating result€-14k-€2k€19k▲ 682%€37k▲ 96.6%
2022: €-14klowest in 4 years
2023: €2k▲ +117% vs 2022
2024: €19k▲ +682% vs 2023
2025: €37k▲ +96.6% vs 2024highest in 4 years
Net result€-14k-€2k€18k▲ 779%€36k▲ 103%
2022: €-14klowest in 4 years
2023: €2k▲ +114% vs 2022
2024: €18k▲ +779% vs 2023
2025: €36k▲ +103% vs 2024highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 97% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €103k
Equity
€51k ▲ 248%
Debt
€52k ▲ 185%
Debt's share of the balance-sheet total falls from 55.4% to 50.4%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.99▲
2024 · 1.81
Debt to equity
1.01▼
2024 · 1.24
ROE
71.3%▼
2024 · 122.1%
ROA
35.4%▼
2024 · 54.5%
Debt ≤ 1 year
€52k▲
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 28 lines
Balance sheet
Code20242025
Assets
Total assets20/58€33k€103k▲
Current assets29/58€33k€103k▲
Amounts receivable within one year40/41€32k€102k▲
Trade receivables40€13k€82k▲
Other amounts receivable41€20k€20k▲
Cash at bank and in hand54/58€599€577▼
Equity and liabilities
Total equity and liabilities10/49€33k€103k▲
Equity10/15€15k€51k▲
Contributions10/11€9k€9k=
Profit (loss) carried forward14€6k€42k▲
Amounts payable17/49€18k€52k▲
Amounts payable within one year42/48€18k€52k▲
Trade debts44€12k€39k▲
Suppliers440/4€12k€39k▲
Taxes, remuneration and social security45€7k€12k▲
Taxes450/3€7k€12k▲
Income statement
Code20242025
Turnover70€154k€305k▲
Goods, raw materials, services and sundry goods60/61€134k€260k▲
Other operating charges640/8€1k€8k▲
Gross operating margin9900€20k€45k▲
Operating profit (loss)9901€19k€37k▲
Financial charges65/66B€979€688▼
Recurring financial charges65€979€688▼
Profit (loss) for the period before taxes9903€18k€36k▲
Profit (loss) for the period9904€18k€36k▲
Profit (loss) for the period to be appropriated9905€18k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€42k▲
Profit (loss) brought forward from the previous period14P€-12k€6k▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €49k | €71k | €154k | €305k | ▲ 98.4% |
| Goods, raw materials, services and sundry goods60/61 | €64k | €68k | €134k | €260k | ▲ 94.5% |
| Other operating charges640/8 | - | €819 | €1k | €8k | ▲ 549% |
| Gross operating margin9900 | €-14k | €3k | €20k | €45k | ▲ 124% |
| Operating profit (loss)9901 | €-14k | €2k | €19k | €37k | ▲ 96.6% |
| Financial charges65/66B | €243 | €379 | €979 | €688 | ▼ 29.7% |
| Recurring financial charges65 | €243 | €379 | €979 | €688 | ▼ 29.7% |
| Profit (loss) for the period before taxes9903 | €-14k | €2k | €18k | €36k | ▲ 103% |
| Profit (loss) for the period9904 | €-14k | €2k | €18k | €36k | ▲ 103% |
| Profit (loss) for the period to be appropriated9905 | €-14k | €2k | €18k | €36k | ▲ 103% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €7k | €189 | €33k | €103k | ▲ 213% |
| Current assets29/58 | €7k | €189 | €33k | €103k | ▲ 213% |
| Amounts receivable within one year40/41 | €7k | €185 | €32k | €102k | ▲ 217% |
| Trade receivables40 | €7k | - | €13k | €82k | ▲ 553% |
| Other amounts receivable41 | - | €185 | €20k | €20k | ▲ 2.8% |
| Cash at bank and in hand54/58 | €20 | €4 | €599 | €577 | ▼ 3.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €7k | €189 | €33k | €103k | ▲ 213% |
| Equity10/15 | €-5k | €-3k | €15k | €51k | ▲ 248% |
| Contributions10/11 | €9k | €9k | €9k | €9k | = |
| Profit (loss) carried forward14 | €-14k | €-12k | €6k | €42k | ▲ 644% |
| Amounts payable17/49 | €12k | €3k | €18k | €52k | ▲ 185% |
| Amounts payable within one year42/48 | €12k | €3k | €18k | €52k | ▲ 185% |
| Trade debts44 | €2k | €455 | €12k | €39k | ▲ 239% |
| Suppliers440/4 | €2k | €455 | €12k | €39k | ▲ 239% |
| Taxes, remuneration and social security45 | €11k | €3k | €7k | €12k | ▲ 88.6% |
| Taxes450/3 | €2k | €3k | €7k | €12k | ▲ 88.6% |
| Remuneration and social security454/9 | €8k | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-14k | €2k | €18k | €36k | ▲ 103% |
| Operating cash flow (approximation) | €-14k | €2k | €18k | €36k | ▲ 103% |
| Change in cash | - | €-16 | €595 | €-22 | ▼ 104% |
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
Next filing, fiscal year 2026, expected by
2026
23-09
State Gazette act
Appointment: EDDY KABEY TSHOT (director)Resignation: Moukia-Esabe (director)3 facts ▸
State Gazette act
Appointment: EDDY KABEY TSHOT (director)
Resignation: Moukia-Esabe (director)3 facts ▸
- General meeting, 15-09-2026
- Director appointment, EDDY KABEY TSHOT (director)
- Director resignation, Moukia-Esabe (director)
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2022net €36k ▲103%
Operating result €37k, net result €36k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 33current ratio 1.81
Current ratio from 0.06 to 1.81.
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 86 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not 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
1 director, last change in 2026
EDDY KABEY TSHOT
CurrentDirector · since 15-09-2026
15-09-2026
EDDY KABEY TSHOT: Appointed as Director
14-08-2026
Moukia-Esabe: Resigned as Director
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Jans-Molenbeek · 1 establishment unit since 2022
Ground area
365 m²
Building footprint
192 m²
Volume, LiDAR
3,491 m³
Parcel 21524C0062/00D008, Brussels · tallest building 21.2 m, ±6 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
PYAJ SERVICES & LOGISTICS
since 20222.333.647.081
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0062/00D008 | Brussels | 365 m² | 1 · 192 m² | 21.2 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Similar companies · same sector, comparable size
MELITRANS
BE 0464.395.517
Schaarbeek · Eq €51,049
ESGUL
BE 0881.416.828
Maasmechelen · Eq €51,040
MIDIA CONCEPT
BE 0730.860.752
Elsene · Eq €51,092
BIRICIK
BE 0880.712.587
Brussel · Eq €51,107
TRANSPORT PEETERS
BE 0443.734.121
Merchtem · Eq €51,110
Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 6,016 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
46190Agents in non-specialised wholesale trade
49310Scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
52250Logistics services
78100Employment placement agencies
Scores and ratios are computed by Checked and are not a credit decision.