PAGENS
ActiveSummary
PAGENS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €156k and a net result of €11k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 75% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+2
Solvency90▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity short (current ratio 0.08 against 0.03 in 2024; short-term debt: 34.7% and cash: 2.9% of total assets), and 34.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
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
65.3%
Return on assets
4.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-04-2026, 113 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
113 d early
2024
87 d early
2023
20 d late
2022
21 d late
2021
19 d late
2020
30 d late
2019
35 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€156k▲ 6.7%
2024 · €146k
2018: €86k
2019: €96k
2020: €107k
2021: €118k
2022: €130k
2023: €139k
2024: €146k
2018 → 2025
Total assets
€239k▼ 4.0%
2024 · €249k
2018: €277k
2019: €267k
2020: €258k
2021: €253k
2022: €244k
2023: €254k
2024: €249k
2018 → 2025
Net result
€11k▲ 28.7%
2024 · €9k
2018: €7k
2019: €10k
2020: €11k
2021: €11k
2022: €13k
2023: €11k
2024: €9k
2018 → 2025
Working capital
€-76k▲ 23.3%
2024 · €-99k
2018: €-162k
2019: €-155k
2020: €-134k
2021: €-135k
2022: €-111k
2023: €-107k
2024: €-99k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€118k-€130k▲ 10.3%€139k▲ 7.2%€146k▲ 5.3%€156k▲ 6.7%
Operating result€12k-€16k▲ 31.2%€15k▼ 4.7%€12k▼ 21.3%€16k▲ 28.6%
Net result€11k-€13k▲ 20.4%€11k▼ 20.9%€9k▼ 18.6%€11k▲ 28.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 29% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €239k
Fixed assets
€232k ▼ 5.4%
Current assets
€7k ▲ 99.1%
Equity and liabilities €239k
Equity
€156k ▲ 6.7%
Debt
€83k ▼ 19.1%
Debt's share of the balance-sheet total falls from 41.2% to 34.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29k▲
2024 · €25k
Cash flow
€24k▲
2024 · €21k
Current ratio
0.08▲
2024 · 0.03
Debt to equity
0.53▼
2024 · 0.70
ROE
7.1%▲
2024 · 5.8%
ROA
4.6%▲
2024 · 3.4%
Interest coverage
364.75▼
2024 · 774.94
Debt ≤ 1 year
€83k▼
2024 · €103k
Income taxes
€4k▲
2024 · €4k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€249k€239k▼
Fixed assets21/28€246k€232k▼
Tangible fixed assets22/27€246k€232k▼
Land and buildings22€246k€232k▼
Current assets29/58€3k€7k▲
Cash at bank and in hand54/58€3k€7k▲
Equity and liabilities
Total equity and liabilities10/49€249k€239k▼
Equity10/15€146k€156k▲
Contributions10/11€124k€124k=
Capital10€124k€124k=
Issued capital100€124k€124k=
Reserves13€22k€31k▲
Non-distributable reserves130/1€5k€5k=
Legal reserve130€5k€5k=
Distributable reserves133€17k€26k▲
Profit (loss) carried forward14€414€1k▲
Amounts payable17/49€103k€83k▼
Amounts payable within one year42/48€103k€83k▼
Trade debts44€516-
Suppliers440/4€516-
Taxes, remuneration and social security45€3k€3k▼
Taxes450/3€3k€3k▼
Other amounts payable47/48€99k€80k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€27k€31k▲
Operating profit (loss)9901€12k€16k▲
Financial income75/76B€2€2=
Recurring financial income75€2€2=
Financial charges65/66B€32€79▲
Recurring financial charges65€32€79▲
Profit (loss) for the period before taxes9903€12k€15k▲
Income taxes67/77€4k€4k▲
Profit (loss) for the period9904€9k€11k▲
Profit (loss) for the period to be appropriated9905€9k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€11k▲
Profit (loss) brought forward from the previous period14P€1k€414▼
Transfer to equity691/2€8k€9k▲
To other reserves6921€8k€9k▲
Profit to be distributed694/7€1k€1k=
Return on contributions (dividend)694€1k€1k=
The notes to these accounts (3 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
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150kEq €156k ▲6.7%
8 profitable years in a row build equity to €156k.
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-12
Financial
Highest result since 2018net €13k ▲20.4%
Operating result €16k, net result €13k, both a record.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Equity above €100kEq €107k ▲11.2%
3 profitable years in a row build equity to €107k.
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
2019
09-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 40 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Willebroek · 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.
Dorpsstraat 682830 WillebroekGround area
717 m²
Building footprint
144 m²
Volume, LiDAR
1,192 m³
Parcel 12004B0287/00Z002, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Pagens
since 20012.100.459.180
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12004B0287/00Z002 | Flanders | 717 m² | 1 · 144 m² | 9.5 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.
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RW INVEST
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IMMO CHALETS D'ARDENNES
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Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 5,260 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 formPublic limited company
Founded22-02-2001
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:dora@boekhoudendodec.be