PACIVE BELGIUM
ActiveSummary
The annual accounts of PACIVE BELGIUM for fiscal year 2025 show a net loss of 54% of total assets and of 96% of the equity at the start of that year. The 2025 annual accounts show equity of €746 and a net result of €-16k. Equity is shrinking by ~13.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 8% of 1030 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
32
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency27▼-39
Growth22=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.89 against 1.49 in 2024; short-term debt: 97.5% and cash: 0.9% of total assets), and 97.5% 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.
−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 25
Relative position
BE, all sectors
reference
Sector 25
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 · 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
2.5%
Return on assets
-53.6%
Age of the figures
12 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 €-16k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 1030 sector peers (2025).
NBB · sector comparisonPosition among 1030 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
6 d early
2023
15 d early
2022
34 d early
2021
38 d early
2020
on the day
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€29k▼ 65.4%
2020 · €84k
2018: €203k
2019: €108k
2020: €84k
2018 → 2025
EBIT margin
-53.8%▼ 36.3pp
2020 · -17.5%
2018: -7.8%
2019: 6.6%
2020: -17.5%
2018 → 2025
Net result
€-16k▲ 57.0%
2024 · €-37k
2018: €-16k
2019: €7k
2020: €-15k
2021: €14k
2022: €-9k
2023: €-1k
2024: €-37k
2018 → 2025
Working capital
€-3k
2024 · €11k
2018: €53k
2019: €64k
2020: €49k
2021: €57k
2022: €49k
2023: €46k
2024: €11k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€29k
Equity€64k-€55k▼ 13.7%€54k▼ 1.9%€17k▼ 69.0%€746▼ 95.5%
Operating result€14k-€-8k€-666▲ 92.0%€-36k▼ 5,383%€-16k▲ 57.1%
Net result€14k-€-9k€-1k▲ 88.0%€-37k▼ 3,459%€-16k▲ 57.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2025 against €36k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €30k
Fixed assets
€4k ▼ 53.6%
Current assets
€26k ▼ 20.2%
Equity and liabilities €30k
Equity
€746 ▼ 95.5%
Debt
€29k ▲ 20.2%
Debt's share of the balance-sheet total rises from 59.1% to 97.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-11k▲
2024 · €-32k
Cash flow
€-11k▲
2024 · €-32k
Current ratio
0.89▼
2024 · 1.49
Quick ratio
0.66▼
2024 · 1.17
ROA
-53.6%▲
2024 · -90.9%
Interest coverage
-30.98▲
2024 · -36.34
Debt ≤ 1 year
€29k▲
2024 · €22k
Debt > 1 year
€0▼
2024 · €2k
Income taxes
€0=
2024 · €0
Staff costs
€13k▼
2024 · €24k
Equity ratios withheld: equity of €746 is too small for a meaningful ratio.
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€41k€30k▼
Fixed assets21/28€8k€4k▼
Tangible fixed assets22/27€8k€4k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€7k€3k▼
Current assets29/58€33k€26k▼
Stocks and contracts in progress3€7k€7k=
Stocks30/36€7k€7k=
Amounts receivable within one year40/41€22k€19k▼
Trade receivables40€17k€14k▼
Other amounts receivable41€5k€5k▲
Cash at bank and in hand54/58€3k€273▼
Deferred charges and accrued income490/1€272€193▼
Equity and liabilities
Total equity and liabilities10/49€41k€30k▼
Equity10/15€17k€746▼
Contributions10/11€20k€20k=
Reserves13€0-
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€0-
Profit (loss) carried forward14€-3k€-19k▼
Amounts payable17/49€24k€29k▲
Amounts payable after more than one year17€2k€0▼
Financial debts170/4€2k€0▼
Amounts payable within one year42/48€22k€29k▲
Current portion of amounts payable after more than one year42€3k€2k▼
Trade debts44€17k€20k▲
Suppliers440/4€17k€20k▲
Taxes, remuneration and social security45€2k€7k▲
Taxes450/3€0€1k▲
Remuneration and social security454/9€2k€6k▲
Income statement
Code20242025
Turnover70-€29k
Goods, raw materials, services and sundry goods60/61-€26k
Remuneration, social security and pensions62€24k€13k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼
Other operating charges640/8€384€2k▲
Gross operating margin9900€-7k€4k▲
Operating profit (loss)9901€-36k€-16k▲
Financial income75/76B€111-
Recurring financial income75€111-
Financial charges65/66B€872€359▼
Recurring financial charges65€872€359▼
Profit (loss) for the period before taxes9903€-37k€-16k▲
Income taxes67/77€0€0=
Profit (loss) for the period9904€-37k€-16k▲
Profit (loss) for the period to be appropriated9905€-37k€-16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-19k▲
Profit (loss) brought forward from the previous period14P€17k€-3k▼
Transfer from equity791/2€17k-
Social balance
Average headcount (FTE)9087-0.7
The notes to these accounts (5 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
15-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
15-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are 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, Tervuren · 1 establishment unit since 2001
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.
Hondsbergen 293080 TervurenGround area
697 m²
Building footprint
104 m²
Volume, LiDAR
814 m³
Parcel 24114C0037/00H000, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Hondsbergen 29, 3080 Tervuren
since 20012.100.101.864
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24114C0037/00H000 | Flanders | 697 m² | 1 · 104 m² | 10.7 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.
Similar companies · same sector, comparable size
CARACTERE D
BE 0844.128.048
Sprimont · Eq €764
ACCIAIO CONCEPT
BE 1001.385.240
Chapelle-lez-Herlaimont · Eq €897
SRL S.T.I.
BE 0802.040.045
Bernissart · Eq €906
LELEU Christophe
BE 0742.837.579
Brunehaut · Eq €614
LYTEC
BE 0762.996.060
Putte · Eq €1k
Of 3,288 companies in sector 25620 we hold annual accounts for 1,723. 61 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
Founded28-11-2000
Fiscal year end30-09
Activities, NACEBEL 2025
25620Manufacture of fabricated metal products, except machinery and equipment
43214Specialised construction activities
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.