PAMICA
ActiveSummary
PAMICA has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €137.31M and a net result of €962k. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 3187 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13=
Solvency100=
Growth57▲+5
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
short-term debt: 0.1% and cash: 1.4% of total assets, and 0.4% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
99.6%
Return on assets
0.7%
Age of the figures
10 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 05-05-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
46 d early
2023
44 d early
2022
35 d early
2021
41 d early
2020
19 d early
2019
36 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 30-11-2026 and is due by 30-06-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-11-2026 close30-06-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€319k▲ 12.0%
2024 · €285k
2021: €396k
2022: €403k
2023: €348k
2024: €285k
2021 → 2025
EBIT margin
-449.4%▼ 141.6pp
2024 · -307.8%
2021: -115.2%
2022: -177.1%
2023: -230.8%
2024: -307.8%
2021 → 2025
Net result
€962k▲ 35.0%
2024 · €712k
2018: €24k
2019: €-7.65M
2020: €-294k
2021: €4.67M
2022: €76.48M
2023: €657k
2024: €712k
2018 → 2025
Working capital
€86.52M▲ 8.8%
2024 · €79.50M
2018: €6.15M
2019: €9.98M
2020: €9.07M
2021: €8.97M
2022: €98.60M
2023: €92.07M
2024: €79.50M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€396k-€403k▲ 1.6%€348k▼ 13.5%€285k▼ 18.2%€319k▲ 12.0%
Equity€58.68M-€135.13M▲ 130%€135.74M▲ 0.5%€136.41M▲ 0.5%€137.31M▲ 0.7%
Operating result€-457k-€-714k▼ 56.3%€-804k▼ 12.7%€-877k▼ 9.0%€-1.43M▼ 63.4%
Net result€4.67M-€76.48M▲ 1,539%€657k▼ 99.1%€712k▲ 8.4%€962k▲ 35.0%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.43M in 2025 against €877k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €137.84M
Fixed assets
€51.17M ▼ 10.8%
Current assets
€86.67M ▲ 8.5%
Equity and liabilities €137.84M
Equity
€137.31M ▲ 0.7%
Debt
€526k ▼ 37.3%
Debt's share of the balance-sheet total falls from 0.6% to 0.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-922k▼
2024 · €-444k
Cash flow
€1.47M▲
2024 · €1.14M
Debt to equity
0.00▼
2024 · 0.01
ROE
0.7%▲
2024 · 0.5%
ROA
0.7%▲
2024 · 0.5%
Interest coverage
-0.77▲
2024 · -5.08
Debt ≤ 1 year
€151k▼
2024 · €360k
Debt > 1 year
€359k▼
2024 · €463k
Income taxes
€16k▼
2024 · €517k
Staff costs
€207k▲
2024 · €151k
A ratio outside any meaningful range has been withheld (balance sheet total €137.84M, equity €137.31M).
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 · 71 lines
Balance sheet
Code20242025
Assets
Total assets20/58€137.25M€137.84M▲
Fixed assets21/28€57.39M€51.17M▼
Tangible fixed assets22/27€9.19M€9.29M▲
Land and buildings22€8.70M€8.82M▲
Plant, machinery and equipment23€87k€129k▲
Furniture and vehicles24€397k€338k▼
Other tangible fixed assets26€6k€6k=
Financial fixed assets28€48.19M€41.88M▼
Affiliated companies280/1€6.00M€6.94M▲
Participating interests280€6.00M€6.94M▲
Companies linked by participating interests282/3€42.20M€34.93M▼
Participating interests282€42.20M€34.93M▼
Current assets29/58€79.86M€86.67M▲
Amounts receivable within one year40/41€1.71M€3.35M▲
Trade receivables40€37k€105k▲
Other amounts receivable41€1.68M€3.25M▲
Current investments50/53€75.53M€81.15M▲
Other investments51/53€75.53M€81.15M▲
Cash at bank and in hand54/58€2.47M€1.96M▼
Deferred charges and accrued income490/1€150k€206k▲
Equity and liabilities
Total equity and liabilities10/49€137.25M€137.84M▲
Equity10/15€136.41M€137.31M▲
Contributions10/11€12.50M€12.50M=
Capital10€12.50M€12.50M=
Issued capital100€12.50M€12.50M=
Reserves13€117.77M€117.77M=
Non-distributable reserves130/1€1.25M€1.25M=
Legal reserve130€1.25M€1.25M=
Tax-exempt reserves132€24k€24k=
Distributable reserves133€116.50M€116.50M=
Profit (loss) carried forward14€6.13M€7.04M▲
Amounts payable17/49€839k€526k▼
Amounts payable after more than one year17€463k€359k▼
Other amounts payable178/9€463k€359k▼
Amounts payable within one year42/48€360k€151k▼
Trade debts44€291k€60k▼
Suppliers440/4€291k€60k▼
Taxes, remuneration and social security45€24k€33k▲
Remuneration and social security454/9€24k€33k▲
Other amounts payable47/48€45k€58k▲
Accrued charges and deferred income492/3€16k€16k▲
Income statement
Code20242025
Operating income70/76A€307k€348k▲
Turnover70€285k€319k▲
Other operating income74€22k€29k▲
Operating charges60/66A€1.18M€1.78M▲
Services and other goods61€483k€479k▼
Remuneration, social security and pensions62€151k€207k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€432k€511k▲
Other operating charges640/8€116k€583k▲
Operating profit (loss)9901€-877k€-1.43M▼
Financial income75/76B€4.69M€22.13M▲
Recurring financial income75€3.90M€10.72M▲
Income from current assets751€3.50M€10.64M▲
Other financial income752/9€398k€82k▼
Non-recurring financial income76B€796k€11.41M▲
Financial charges65/66B€2.59M€19.72M▲
Recurring financial charges65€87k€1.20M▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€400k
Other financial charges652/9€87k€801k▲
Non-recurring financial charges66B€2.50M€18.52M▲
Profit (loss) for the period before taxes9903€1.23M€978k▼
Income taxes67/77€517k€16k▼
Taxes670/3€587k€16k▼
Tax adjustments and reversals of tax provisions77€70k-
Profit (loss) for the period9904€712k€962k▲
Profit (loss) for the period to be appropriated9905€712k€962k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6.18M€7.10M▲
Profit (loss) brought forward from the previous period14P€5.47M€6.13M▲
Profit to be distributed694/7€45k€58k▲
Employees696€45k€58k▲
Social balance
Average headcount (FTE)90871.82.6▲
The notes to these accounts (54 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
13-07
State Gazette act
General meeting · Director resignation
Director appointment · Director reappointment
13-07
State Gazette act
General meeting · Director appointment
Permanent representative · Director resignation
05-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-11
Financial
Liquidity triplescurrent ratio 572.44
Current ratio from 221.72 to 572.44; short-term debt falls from €360k to €151k.
13-10
State Gazette act
General meeting · Capital increase
Share issue · Capital
16-06
State Gazette act
Board meeting · Director resignation
Director appointment · General meeting
20-05
State Gazette act
Board meeting · Director resignation
Director appointment · General meeting
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-11
State Gazette act
Board meeting · Director appointment
Permanent representative · Auditor appointment
23-06
State Gazette act
General meeting · Director appointment
Permanent representative · Board composition
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Show earlier events
2022
30-11
Financial
Highest result since 2018net €76.48M ▲1539%
Net result €76.48M, the highest in the series.
30-11
Financial
Liquidity times 11current ratio 982.60
Current ratio from 91.27 to 982.60.
30-11
Financial
Equity above €100MEq €135.13M ▲130%
2 profitable years in a row build equity to €135.13M.
20-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-11
Financial
Back to profitnet €4.67M
Net result €4.67M after 2 loss-making years.
03-11
State Gazette act
General meeting · Director reappointment
Director appointment · Permanent representative
03-08
State Gazette act
General meeting · Board meeting
Director appointment · Director reappointment
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-11
Financial
Liquidity doublescurrent ratio 233.87
Current ratio from 100.06 to 233.87; short-term debt falls from €101k to €39k.
05-10
State Gazette act
Board meeting · Director appointment
Permanent representative · Auditor appointment
05-10
State Gazette act
General meeting · Statutes amendment
Corporate purpose · Director appointment
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-11
Financial
Weakest financial yearnet €-7.65M ▼32617%
Net result drops to €-7.65M, the lowest in the series; recovery starts the following year.
23-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
21-03
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
30-01
State Gazette act
Net-asset statement · Capital increase
Reserve release · Capital decrease · Anton Van Bael
04-01
State Gazette act
General meeting · Net-asset statement
Capital increase · Bank account · Frederic Van Cauwenbergh
2017
21-11
State Gazette act
General meeting · Capital increase
Share issue · Reserve release · Frederic Van Cauwenbergh
26-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
20-01
State Gazette act
General meeting · Capital decrease
Capital increase · Bank account · Frederic Van Cauwenbergh
2016
18-10
State Gazette act
General meeting · Purpose change
Statutes amendment · Director resignation
18-10
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
04-02
State Gazette act
Board meeting · Auditor reappointment
Director resignation · Director appointment
2015
24-03
State Gazette act
General meeting · Capital increase
Share issue · Capital · Kris Ducatteeuw
2014
04-09
State Gazette act
General meeting · Capital increase
Capital · Director resignation
2010
27-10
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
05-08
State Gazette act
Board meeting · Director resignation
Permanent representative · Director appointment
11-05
State Gazette act
General meeting · Capital increase
Share issue · Capital · Eline Goovaerts
Financial milestoneState Gazette actNBB 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, Antwerpen · 2 establishment units since 2010
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.
Rouaanse Kaai 1 - 32000 AntwerpenGround area
2,970 m²
Building footprint
1,216 m²
Volume, LiDAR
16,214 m³
2 parcels, Flanders · tallest building 29.7 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
Rouaanse Kaai 1-3, 2000 Antwerpen
since 20102.242.729.674
Groenenhoek 115A, 2630 Aartselaar
since 20212.318.076.306
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11372A0042/00B000 | Flanders | 2,103 m² | 1 · 500 m² | 9.0 m · 2 fl. |
| 11002A0235/00C000 | Flanders | 867 m² | 1 · 715 m² | 29.7 m · 7 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Connections & network
6 connected companiesLinked via shared directors
Shared director
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Shared director
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Shared director
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Shared director
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Show 2 more companies with a shared director
Shared director
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Shared director
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Ownership & control
1 subsidiary · 5 board mandatesPAMICABE 0449.920.246
controls
Where this company holds controlsubsidiary per the LEI register1
Mont-Saint-Guibert · LEI lapsed
Board mandates of this companythis company sits on their board5
8 locations
1 location
1 location
1 location
Recognitions · licences · registrations
Legal Entity Identifier
967600EA68K07Z4V4V49
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 868 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
Founded13-04-1993
Fiscal year end30-11
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.