Pavan Service
ActivePavan Service has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €207k and a net result of €25k. Equity is growing by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 46% of 794 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
81
/ 100
Excellent▲ +25 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60▲+12
Solvency57▲+15
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.26 in 2024), and 69.6% of the assets are financed with debt.
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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← 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
30.4%
Return on assets
3.7%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-12-2025, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
45 d early
2023
50 d early
2022
14 d early
2021
34 d early
2020
32 d early
2019
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€207k▲ 13.6%
2024 · €183k
2019: €60k
2020: €91k
2021: €117k
2022: €141k
2023: €165k
2024: €183k
2019 → 2025
Total assets
€681k▼ 9.5%
2024 · €753k
2019: €411k
2020: €447k
2021: €695k
2022: €689k
2023: €870k
2024: €753k
2019 → 2025
Net result
€25k▲ 43.5%
2024 · €17k
2019: €-10k
2020: €31k
2021: €26k
2022: €24k
2023: €24k
2024: €17k
2019 → 2025
Working capital
€177k▲ 30.2%
2024 · €136k
2019: €86k
2020: €149k
2021: €165k
2022: €129k
2023: €115k
2024: €136k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€117k-€141k▲ 20.0%€165k▲ 17.3%€183k▲ 10.5%€207k▲ 13.6%
Operating result€39k-€32k▼ 18.2%€42k▲ 31.0%€39k▼ 7.4%€46k▲ 19.5%
Net result€26k-€24k▼ 10.9%€24k▲ 3.4%€17k▼ 28.6%€25k▲ 43.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 20% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €681k
Fixed assets
€65k▼ 36.8%
Current assets
€617k▼ 5.2%
Equity and liabilities €681k
Equity
€207k▲ 13.6%
Debt
€474k▼ 16.9%
The debt ratio falls from 75.7% to 69.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€88k▲
2024 · €82k
Cash flow
€67k▲
2024 · €61k
Solvency
30.4%▲
2024 · 24.3%
Current ratio
1.40▲
2024 · 1.26
Quick ratio
0.69▲
2024 · 0.65
Debt / equity
2.28▼
2024 · 3.12
ROE
12.0%▲
2024 · 9.5%
ROA
3.7%▲
2024 · 2.3%
Interest coverage
5.12▲
2024 · 4.38
Debt
€474k▼
2024 · €570k
Debt ≤ 1 year
€440k▼
2024 · €514k
Debt > 1 year
€34k▼
2024 · €49k
Income taxes
€4k▲
2024 · €3k
Staff costs
€11k▼
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€753k€681k▼
Fixed assets21/28€102k€65k▼
Intangible fixed assets21€5k€4k▼
Tangible fixed assets22/27€89k€56k▼
Plant, machinery and equipment23€33k€17k▼
Furniture and vehicles24€56k€39k▼
Financial fixed assets28€9k€4k▼
Current assets29/58€650k€617k▼
Stocks and contracts in progress3€316k€311k▼
Stocks30/36€316k€311k▼
Amounts receivable within one year40/41€274k€227k▼
Trade receivables40€261k€219k▼
Other amounts receivable41€12k€8k▼
Cash at bank and in hand54/58€60k€74k▲
Deferred charges and accrued income490/1€1k€5k▲
Equity and liabilities
Total equity and liabilities10/49€753k€681k▼
Equity10/15€183k€207k▲
Contributions10/11€25k€25k=
Reserves13€127k€151k▲
Tax-exempt reserves132€18k€18k=
Distributable reserves133€109k€133k▲
Profit (loss) carried forward14€31k€32k▲
Amounts payable17/49€570k€474k▼
Amounts payable after more than one year17€49k€34k▼
Financial debts170/4€49k€34k▼
Amounts payable within one year42/48€514k€440k▼
Current portion of amounts payable after more than one year42€37k€15k▼
Financial debts43€153k€89k▼
Credit institutions430/8€153k€89k▼
Trade debts44€234k€273k▲
Suppliers440/4€234k€273k▲
Taxes, remuneration and social security45€5k€3k▼
Taxes450/3€526€2k▲
Remuneration and social security454/9€4k€750▼
Other amounts payable47/48€86k€60k▼
Accrued charges and deferred income492/3€7k€428▼
Income statement
Code20242025
Remuneration, social security and pensions62€12k€11k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€42k▼
Other operating charges640/8€7k€6k▼
Gross operating margin9900€102k€106k▲
Operating profit (loss)9901€39k€46k▲
Financial income75/76B€175€66▼
Recurring financial income75€175€66▼
Financial charges65/66B€19k€17k▼
Recurring financial charges65€19k€17k▼
Profit (loss) for the period before taxes9903€20k€29k▲
Income taxes67/77€3k€4k▲
Profit (loss) for the period9904€17k€25k▲
Profit (loss) for the period to be appropriated9905€17k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€48k€56k▲
Profit (loss) brought forward from the previous period14P€30k€31k▲
Transfer to equity691/2€17k€24k▲
To other reserves6921€17k€24k▲
Social balance
Average headcount (FTE)90870.40.6▲
The notes to these accounts (12 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
2025
09-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Equity above €200kEq €207k ▲13.6%
6 profitable years in a row build equity to €207k.
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Equity above €150kEq €165k ▲17.3%
4 profitable years in a row build equity to €165k.
17-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
28-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Equity above €100kEq €117k ▲29%
2 profitable years in a row build equity to €117k.
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-01
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
5 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, Oud-Turnhout · 2 establishment units since 1992
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.
Goordijk 182360 Oud-TurnhoutGround area
3,458 m²
Building footprint
1,047 m²
Volume, LiDAR
5,778 m³
2 parcels, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
PAVAN SERVICE
since 19922.017.801.621
Pavan Services
since 20142.231.326.731
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13482F1177/00Y013 | Flanders | 2,156 m² | 1 · 215 m² | 10.6 m · 2 fl. |
| 13031C0777/00M000 | Flanders | 1,301 m² | 1 · 833 m² | 7.7 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 24,065 EUR awarded · 24,066 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,245 EUR | 2,245 EUR |
| 2024 | 2 | 5,528 EUR | 6,616 EUR |
| 2023 | 2 | 4,358 EUR | 3,271 EUR |
| 2022 | 2 | 11,934 EUR | 11,934 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteOud-Turnhout2.231.326.731
Similar companies · same sector, comparable size
DE REIGER
BE 0421.471.532
Dendermonde · Eq €202k
MONDIAL FISHING
BE 0439.298.845
Herentals · Eq €239k
LPP
BE 0437.478.908
Oostende · Eq €170k
KARACA 76
BE 0556.618.167
Hasselt · Eq €131k
VADIPRO
BE 0803.287.088
Lennik · Eq €119k
Of 70 companies in sector 10920 we hold annual accounts for 33. 16 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-09-1980
Fiscal year end30-06
Activities, NACEBEL
10920Manufacture of food products
46389Wholesale of other food products
51384
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.