Active BE 0830.677.712Public limited company

PAVE GYM

De Frélaan 82 ·1180 Ukkel, Belgium· 15 yrs active

Sector: Overige activiteiten met betrekking tot kinderopvang (88919)

Conclusion Checked

PAVE GYM has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €223k and a net result of €-39k. The computed 12-month bankruptcy probability is 0.6% (low).

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€223k
Net result	€-39k
Staff (FTE)	20.2
Active	15 yrs

Financial profile 5 of 5 axes measured · computed by Checked

41 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 23

Profitability 0

Solvency 25

Growth 58

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.6% Low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Multiple establishment units +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2010, 15 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

23 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview15 NBB filings

Annual accounts filed on 31-01-2026 with the NBB · fiscal year 2025 · full schema

Operating resultNet result

EBITDA

€109k

-9.3% 24-25

Net profit

€-39k

+53.8% 24-25

Cash flow

€59k

-8.9% 24-25

Total assets

€906k

+5.3% 24-25

Equity

€223k

-14.8% 24-25

Working capital

€-363k

-0.2% 24-25

Employees (FTE)

20

0.0% 24-25

Staff costs

€820k

-10.1% 24-25

Income taxes

€11k

+12.6% 24-25

Debt

€684k

+14.1% 24-25

Debt ≤ 1y

€535k

+11.9% 24-25

Debt > 1y

€149k

+23.0% 24-25

Current ratio

0.32

+32.4% 24-25

Quick ratio

0.32

+32.4% 24-25

Solvency

24.6%

-19.1% 24-25

Debt / equity

3.07

+33.9% 24-25

ROE

-17.4%

+45.8% 24-25

ROA

-4.3%

+56.2% 24-25

Interest coverage

2.71

+6.0% 24-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	full schema
Revenue	-
EBITDA	€109k
Net profit	€-39k
Cash flow	€59k
Staff costs	€820k
Income taxes	€11k
Dividends	-
Total assets	€906k
Equity	€223k
Debt	€684k
of which ≤ 1y	€535k
of which > 1y	€149k
Working capital	€-363k
Employees (FTE)	20.2

Ratios (computed)

	2025
Current ratio	0.32
Quick ratio	0.32
Working capital ratio	-40.0%
Solvency	24.6%
Debt / equity	3.07
Long-term debt ratio	0.67
Interest coverage	2.71
Gross margin	-
Net margin	-
ROA	-4.3%
ROE	-17.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €734k · 81.0% Current assets €172k · 19.0%

Equity & liabilities

Equity €223k · 24.6% Debt €684k · 75.4%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€906k
Fixed assets	21/28	€734k
Intangible fixed assets	21	€226k
Tangible fixed assets	22/27	€114k
Financial fixed assets	28	€395k
Current assets	29/58	€172k
Amounts receivable within one year	40/41	€21k
Cash & bank	54/58	€131k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€906k
Equity	10/15	€223k
Contributions / capital	10/11	€511k
Reserves	13	€4k
Accumulated profits (losses)	14	€-292k
Amounts payable	17/49	€684k
Amounts payable after one year	17	€149k
Amounts payable within one year	42/48	€535k
Trade debts payable within one year	44	€135k
Income statement
Gross operating margin	9900	€933k
Operating result	9901	€11k
Financial income	75	€1k
Financial charges	65	€40k
Result before taxes	9903	€-28k
Income taxes	67/77	€11k
Net result for the period	9904	€-39k
Result to be appropriated	9905	€-39k

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Overige activiteiten met betrekking tot kinderopvang(88919)
Legal form	Public limited company(014)
Incorporation	27-10-2010
Status	Active
Postal code	1180

Establishment units 4 locations

PAVE GYM

De Frélaan 82, 1180 UkkelOverige activiteiten met betrekking tot kinderopvang

since 20102.200.894.069

The little Gym Waterloo

Chaussée de Bruxelles 78, 1410 WaterlooOverige activiteiten met betrekking tot kinderopvang

since 20202.306.406.513

Pavegym Wavre

Avenue Lavoisier 16a, 1300 WavreSport- en recreatieonderwijs

since 20212.324.978.746

Pavegym Wezembeek-Oppem

Mechelsesteenweg 110, 1970 Wezembeek-OppemOverige activiteiten met betrekking tot kinderopvang

since 20212.324.978.845

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (25%) Wallonia 2 (50%) Brussels 1 (25%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25112C0005/00C002	Wallonia	6,085 m²	1 · 1,489 m²	7.0 m · 2 fl.
22006B0349/00K006	Flanders	3,872 m²	1 · 1,354 m²	-
25762H0345/00F000	Wallonia	3,770 m²	1 · 1,643 m²	12.4 m · 3 fl.
21618B0335/00F014	Brussels	2,822 m²	1 · 1,822 m²	14.2 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 3

4 of 4 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 11 NBB filing 10 State Gazette act 1

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

2026

31-01-2026 NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

06-02-2025 NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

10-06-2024 State Gazette act Capital & shares

Olivier WATERKEYN

30-01-2024 NBB filing Annual accounts filed

fiscal year 2023 · full schema

2022

09-12-2022 NBB filing Annual accounts filed

fiscal year 2022 · full schema

07-01-2022 NBB filing Annual accounts filed

fiscal year 2021 · full schema

2020

30-10-2020 NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2019

31-10-2019 NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2018

30-10-2018 NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2017

03-11-2017 NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2016

31-10-2016 NBB filing Annual accounts filed

fiscal year 2016 · full schema

Belgian State Gazette reading coverage 0 of 9 acts read

We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

Capital history · 1

10-06-2024

Capital change

All acts · 1 updated 2 years ago

2024

10-06-2024 Capital increase of €179,171.66 to €510,671.66 Capital & shares·Olivier WATERKEYN

€331.500 → €510.671,66
Inbreng in geld · Apport en numéraire

Notary: Olivier WATERKEYN · WATERLOO

Original publication ↗

Technical details

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  "bedrijfsrevisor": {
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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Sport- en recreatieonderwijs85510Overige activiteiten met betrekking tot kinderopvang88919

Primary activity highlighted.

Names & trade names

Legal nameFR

PAVE GYM

Registered office

De Frélaan 82

1180 Ukkel, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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