PACHIOT
ActiveSummary
The computed 12-month bankruptcy probability of PACHIOT is 2.4% (moderate). The 2024 annual accounts show negative equity (€-21k) and a net result of €5k. Equity is shrinking by ~37.8% per year across the filed fiscal years. Its solvency ranks better than 16% of 26043 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
34
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability60▲+59
Solvency2▲+2
Growth55▲+20
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.79 against 0.74 in 2023; short-term debt: 122.9% and cash: 7.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-22.9%
Return on assets
6%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 26043 sector peers (2024).
NBB · sector comparisonPosition among 26043 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 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
21 d late
2023
26 d late
2022
21 d late
2021
61 d late
2020
10 d late
2019
1 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€422k▲ 17.7%
2023 · €359k
2018: €320k
2019: €309k
2020: €264k
2021: €272k
2022: €278k
2023: €359k
2018 → 2024
EBIT margin
1.3%▲ 6.2pp
2023 · -4.9%
2018: 0.6%
2019: 1.3%
2020: -9.1%
2021: 0.5%
2022: -2.4%
2023: -4.9%
2018 → 2024
Net result
€5k
2023 · €-18k
2018: €1k
2019: €3k
2020: €-24k
2021: €1k
2022: €-7k
2023: €-18k
2018 → 2024
Working capital
€-23k▲ 19.1%
2023 · €-29k
2018: €13k
2019: €18k
2020: €-8k
2021: €-5k
2022: €-11k
2023: €-29k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€264k-€272k▲ 3.3%€278k▲ 2.0%€359k▲ 29.1%€422k▲ 17.7%
Equity€-3k-€-2k▲ 40.8%€-9k▼ 371%€-27k▼ 203%€-21k▲ 20.6%
Operating result€-24k-€1k€-7k€-18k▼ 169%€5k
Net result€-24k-€1k€-7k€-18k▼ 158%€5k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €5k after a loss of €18k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €92k
Fixed assets
€2k ▼ 1.2%
Current assets
€90k ▲ 10.2%
Key figures and ratios
EBITDA
€7k▲
2023 · €-16k
Cash flow
€7k▲
2023 · €-17k
Solvency
-22.9%▲
2023 · -31.7%
Current ratio
0.79▲
2023 · 0.74
Quick ratio
0.06▼
2023 · 0.10
Debt to equity
-5.37▼
2023 · -4.15
ROA
6.0%▲
2023 · -21.2%
Interest coverage
1351.60▲
2023 · -161.67
Debt
€113k▲
2023 · €110k
Debt ≤ 1 year
€113k▲
2023 · €110k
Staff costs
€53k▼
2023 · €65k
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 · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€84k€92k▲
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€2k€2k▼
Furniture and vehicles24€2k€2k▼
Financial fixed assets28€153€153=
Current assets29/58€82k€90k▲
Stocks and contracts in progress3€71k€83k▲
Stocks30/36€71k€83k▲
Amounts receivable within one year40/41€855€23▼
Other amounts receivable41€855€23▼
Cash at bank and in hand54/58€10k€7k▼
Equity and liabilities
Total equity and liabilities10/49€84k€92k▲
Equity10/15€-27k€-21k▲
Contributions10/11€6k€6k=
Capital10€6k-
Issued capital100€19k-
Uncalled capital101€12k-
Outside capital11-€6k
Other1109/19-€6k
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Legal reserve130€1k-
Reserves not available under the articles1311-€1k
Profit (loss) carried forward14€-34k€-29k▲
Amounts payable17/49€110k€113k▲
Amounts payable within one year42/48€110k€113k▲
Trade debts44€72k€50k▼
Suppliers440/4€72k€50k▼
Taxes, remuneration and social security45€27k€31k▲
Taxes450/3€3k€4k▲
Remuneration and social security454/9€23k€27k▲
Other amounts payable47/48€12k€32k▲
Income statement
Code20232024
Turnover70€359k€422k▲
Goods, raw materials, services and sundry goods60/61€308k€361k▲
Remuneration, social security and pensions62€65k€53k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€51k€61k▲
Operating profit (loss)9901€-18k€5k▲
Financial charges65/66B€102€5▼
Recurring financial charges65€102€5▼
Profit (loss) for the period before taxes9903€-18k€5k▲
Profit (loss) for the period9904€-18k€5k▲
Profit (loss) for the period to be appropriated9905€-18k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€-29k▲
Profit (loss) brought forward from the previous period14P€-16k€-34k▼
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
24-03
State Gazette act
Resignations: NAZAQAT Hussain (director) and KHALID Numra (director)Appointment: RAZZAQ Asad (director) · Director discharge · Share transfer8 facts ▸
State Gazette act
Resignations: NAZAQAT Hussain (director) and KHALID Numra (director)
Appointment: RAZZAQ Asad (director) · Director discharge · Share transfer8 facts ▸
- General meeting, 31/12/2025
- Director resignation, NAZAQAT Hussain (director)
- Director discharge, NAZAQAT Hussain
- Director resignation, KHALID Numra (director)
- Director discharge, KHALID Numra
- Director appointment, RAZZAQ Asad (director)
- Share transfer, NAZAQAT Hussain → RAZZAQ Asad
- Share transfer, KHALID Numra → RAZZAQ Asad
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
31-12
Financial
Weakest financial yearnet €-24k ▼953%
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 1 day late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 12 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
RAZZAQ Asad
CurrentDirector · since 01-01-2026
24-03-2026
KHALID Numra: Resigned as Director
24-03-2026
NAZAQAT Hussain: Resigned as Director
01-01-2026
RAZZAQ Asad: Appointed as Director
Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 2008
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.
Maria-Christinastraat 261020 BrusselGround area
312 m²
Building footprint
306 m²
Volume, LiDAR
2,277 m³
2 parcels, Brussels · tallest building 16.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
SUPERMARCHE
since 20082.174.778.701
M&A SHOP
since 20242.366.254.424
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0262/00E002 | Brussels | 190 m² | 1 · 177 m² | 15.2 m · 1 fl. |
| 21815D0199/00K004 | Brussels | 121 m² | 1 · 129 m² | 16.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Capital and shareholders
Shareholders according to the acts
Share transfer
act of 24-03-2026 ↗
- NAZAQAT Hussain to RAZZAQ Asad 30 shares
- KHALID Numra to RAZZAQ Asad 25 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesBrussel2.174.778.701
Brussel2.366.254.424
Similar companies · same sector, comparable size
GS SAREEN
BE 0640.739.735
Sint-Pieters-Leeuw · Eq €21,090
ARMAAN
BE 0798.243.682
Antwerpen · Eq €21,113
BABA WALI
BE 0872.265.471
Merelbeke-Melle · Eq €21,129
WESTSIDE
BE 0889.453.673
Oostende · Eq €21,063
SHANI ENTERPRISES
BE 0893.875.883
Antwerpen · Eq €21,159
Of 10,519 companies in sector 47110 we hold annual accounts for 5,857. 4,190 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-03-2007
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.