PAVELEC
PAVELEC has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.06M and a net result of €4k. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 68% of 13549 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
| Equity | €1.06M |
| Net result | €4k |
| Better than sector | 68% |
| Active | 30 yrs |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 53.7% | 29.9% | |
| Net result | €4k | €6k | |
| Equity | €1.06M | €79k | |
| Gross operating margin | €38k | €41k | |
| Total assets | €1.97M | €416k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | abbreviated schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €26k | €61k | €238k | €367k |
| Net profit | €4k | €53k | €95k | €499k |
| Cash flow | €43k | €82k | €117k | €528k |
| Staff costs | - | - | - | - |
| Income taxes | €16k | €20k | €65k | €48k |
| Dividends | - | - | - | - |
| Total assets | €1.97M | €2.04M | €1.98M | €2.16M |
| Equity | €1.06M | €1.05M | €999k | €905k |
| Debt | €912k | €983k | €978k | €1.26M |
| of which ≤ 1y | €912k | €983k | €978k | €1.26M |
| of which > 1y | - | - | - | - |
| Working capital | €317k | €293k | €310k | €60k |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.35 | 1.30 | 1.32 | 1.05 |
| Quick ratio | 1.35 | 1.30 | 1.32 | 1.05 |
| Working capital ratio | 16.1% | 14.4% | 15.7% | 2.8% |
| Solvency | 53.7% | 51.7% | 50.5% | 41.9% |
| Debt / equity | 0.86 | 0.93 | 0.98 | 1.39 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 0.87 | 2.57 | 1.92 | 7.83 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 0.2% | 2.6% | 4.8% | 23.1% |
| ROE | 0.4% | 5.1% | 9.5% | 55.1% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €1.97M | €2.04M | €1.98M | €2.16M |
| Fixed assets | 21/28 | €740k | €759k | €689k | €845k |
| Tangible fixed assets | 22/27 | €740k | €759k | €689k | €845k |
| Financial fixed assets | 28 | €50 | €50 | €50 | €50 |
| Current assets | 29/58 | €1.23M | €1.28M | €1.29M | €1.32M |
| Amounts receivable within one year | 40/41 | €5k | €2k | €2k | - |
| Investments | 50/53 | €1.22M | €1.27M | €1.28M | €1.31M |
| Cash & bank | 54/58 | €1k | €208 | €2k | €1k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.97M | €2.04M | €1.98M | €2.16M |
| Equity | 10/15 | €1.06M | €1.05M | €999k | €905k |
| Contributions / capital | 10/11 | €1.55M | €1.55M | €1.55M | €1.55M |
| Reserves | 13 | €12k | €12k | €12k | €12k |
| Accumulated profits (losses) | 14 | €-564k | €-568k | €-621k | €-716k |
| Amounts payable | 17/49 | €912k | €983k | €978k | €1.26M |
| Amounts payable within one year | 42/48 | €912k | €983k | €978k | €1.26M |
| Trade debts payable within one year | 44 | €759 | €2k | €14k | €5k |
| Income statement | |||||
| Gross operating margin | 9900 | €38k | €71k | €252k | €384k |
| Operating result | 9901 | €-13k | €32k | €216k | €337k |
| Financial income | 75 | €63k | €67k | €68k | €256k |
| Financial charges | 65 | €30k | €24k | €124k | €47k |
| Result before taxes | 9903 | €20k | €73k | €160k | €547k |
| Income taxes | 67/77 | €16k | €20k | €65k | €48k |
| Net result for the period | 9904 | €4k | €53k | €95k | €499k |
| Result to be appropriated | 9905 | €4k | €53k | €95k | €499k |
| NACE primary | Property management for co-owned buildings (syndics)(68321) |
| Legal form | Public limited company(014) |
| Incorporation | 11-06-1996 |
| Status | Active |
| Postal code | 8510 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354C0127/00Z000 | Flanders | 2,407 m² | 1 · 261 m² | 13.8 m · 3 fl. |
| 34005C0402/00V000 | Flanders | 550 m² | 1 · 134 m² | 11.8 m · 3 fl. |
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
17-03-2022 Registered office moved within Kortrijk
- Doorniksewijk(Kor) 132 → Walleweg 16 te 8510 Kortrijk (Bellegem)
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Walleweg 16 te 8510 Kortrijk (Bellegem)",
"city": "Kortrijk",
"region": "vlaams_gewest",
"street": "Walleweg",
"country": "BE",
"postcode": "8510",
"box_number": null,
"street_number": "16",
"locality_suffix": "(Bellegem)"
},
"old_address": {
"raw": "Doorniksewijk(Kor) 132",
"city": "Kortrijk",
"region": "vlaams_gewest",
"street": "Doorniksewijk",
"country": "BE",
"postcode": "8500",
"box_number": null,
"street_number": "132",
"locality_suffix": "(Kor)"
},
"effective_date": "2022-03-10",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "Katrien DEVAERE",
"firm_city": null,
"firm_name": "BOES \u0026 DEVAERE, GEASSOCIEERDE NOTARISSEN",
"office_city": "Kortrijk",
"is_associated": true
},
"act_meta": {
"language": "nl",
"pub_date": "2022-03-17",
"filing_date": "2022-03-15",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2022-03-10",
"unanimous": true
},
"subject_company": {
"kbo": "0458.161.583",
"name_full": "PAVELEC",
"legal_form": "NV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Katrien DEVAERE",
"org_rep_person_name": null,
"person_role_at_subject": "notaris"
},
"co_filed_documents": [
"afschrift van de akte aanpassing statuten aan het wetboek van vennootschappen en verenigingen \u2013 verplaatsing zetel \u2013 uitbreiding voorwerp - vaststelling statuten \u2013 vaststelling einde mandaten - benoemingen \u2013 opdracht tot co\u00F6rdinatie van de statuten en tot uitvoering van de genomen besluiten",
"geco\u00F6rdineerde statuten"
]
}| Legal nameNL | PAVELEC |