PAVEPAYOL
ActivePAVEPAYOL has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €39k and a net result of €29k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 35% of 127 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability86▲+2
Solvency42▲+13
Growth68=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.75 against 0.62 in 2023; short-term debt: 49.1% and cash: 17.1% of total assets), and 82.8% 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 87
Relative position
BE, all sectors
reference
Sector 87
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
17.2%
Return on assets
12.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d late
2023
53 d early
2022
28 d late
2021
25 d early
2020
338 d late
2019
585 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€408k▲ 0.8%
2023 · €405k
2018: €318k
2019: €368k
2020: €365k
2021: €355k
2022: €382k
2023: €405k
2018 → 2024
EBIT margin
12.3%▲ 2.3pp
2023 · 10.0%
2018: 4.7%
2019: 14.1%
2020: 5.8%
2021: 3.4%
2022: 3.3%
2023: 10.0%
2018 → 2024
Net result
€29k▲ 49.9%
2023 · €19k
2018: €-917
2019: €28k
2020: €12k
2021: €-2k
2022: €-15k
2023: €19k
2018 → 2024
Working capital
€-28k▲ 37.1%
2023 · €-44k
2018: €-26k
2019: €-25k
2020: €-10k
2021: €-23k
2022: €-48k
2023: €-44k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€365k-€355k▼ 2.8%€382k▲ 7.8%€405k▲ 5.9%€408k▲ 0.8%
Equity€8k-€6k▼ 25.2%€-9k€10k€39k▲ 285%
Operating result€21k-€12k▼ 43.3%€13k▲ 4.9%€41k▲ 220%€50k▲ 24.1%
Net result€12k-€-2k€-15k▼ 661%€19k€29k▲ 49.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 24% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €229k
Fixed assets
€144k▼ 9.4%
Current assets
€85k▲ 18.4%
Equity and liabilities €229k
Equity
€39k▲ 285%
Debt
€189k▼ 14.0%
The debt ratio falls from 95.6% to 82.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€69k▼
2023 · €75k
Cash flow
€48k▼
2023 · €54k
Solvency
17.2%▲
2023 · 4.4%
Current ratio
0.75▲
2023 · 0.62
Quick ratio
0.75▲
2023 · 0.62
Debt / equity
4.81▼
2023 · 21.54
ROE
74.1%▼
2023 · 190.4%
ROA
12.8%▲
2023 · 8.4%
Interest coverage
9.80▲
2023 · 8.32
Debt
€189k▼
2023 · €220k
Debt ≤ 1 year
€112k▼
2023 · €116k
Debt > 1 year
€74k▼
2023 · €101k
Income taxes
€14k▲
2023 · €12k
Staff costs
€132k▲
2023 · €131k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€230k€229k▼
Fixed assets21/28€159k€144k▼
Tangible fixed assets22/27€159k€143k▼
Land and buildings22€159k€143k▼
Financial fixed assets28-€500
Current assets29/58€72k€85k▲
Amounts receivable within one year40/41€39k€43k▲
Trade receivables40€39k€39k▼
Other amounts receivable41-€4k
Cash at bank and in hand54/58€26k€39k▲
Deferred charges and accrued income490/1€6k€3k▼
Equity and liabilities
Total equity and liabilities10/49€230k€229k▼
Equity10/15€10k€39k▲
Contributions10/11€12k€12k=
Reserves13€620€27k▲
Distributable reserves133€620€27k▲
Profit (loss) carried forward14€-3k-
Amounts payable17/49€220k€189k▼
Amounts payable after more than one year17€101k€74k▼
Financial debts170/4€100k€73k▼
Other amounts payable178/9€1k€1k=
Amounts payable within one year42/48€116k€112k▼
Current portion of amounts payable after more than one year42€35k€27k▼
Trade debts44€33k€26k▼
Suppliers440/4€33k€26k▼
Taxes, remuneration and social security45€45k€57k▲
Taxes450/3€27k€31k▲
Remuneration and social security454/9€19k€26k▲
Other amounts payable47/48€2k€3k▲
Accrued charges and deferred income492/3€4k€3k▼
Income statement
Code20232024
Turnover70€405k€408k▲
Goods, raw materials, services and sundry goods60/61€199k€206k▲
Remuneration, social security and pensions62€131k€132k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€18k▼
Other operating charges640/8€11k€11k▼
Gross operating margin9900€217k€212k▼
Operating profit (loss)9901€41k€50k▲
Financial income75/76B€83€48▼
Recurring financial income75€83€48▼
Financial charges65/66B€9k€7k▼
Recurring financial charges65€9k€7k▼
Profit (loss) for the period before taxes9903€32k€43k▲
Income taxes67/77€12k€14k▲
Profit (loss) for the period9904€19k€29k▲
Profit (loss) for the period to be appropriated9905€19k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€27k▲
Profit (loss) brought forward from the previous period14P€-22k€-3k▲
Transfer to equity691/2-€27k
To other reserves6921-€27k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Highest result since 2018net €29k ▲49.9%
Net result €29k, the highest in the series.
08-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €19k
Net result €19k after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
04-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 338 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 585 days late
2019
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
2016
19-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 80 days late
2015
09-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 101 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Seraing · 1 establishment unit since 2002
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.
Allée du Beau Vivier 1064102 SeraingGround area
793 m²
Building footprint
260 m²
Volume, LiDAR
1,719 m³
Parcel 62343C0053/00T039, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LES MIRWETTES
since 20022.099.188.183
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62343C0053/00T039 | Wallonia | 793 m² | 1 · 260 m² | 8.7 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSeraing2.099.188.183
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Of 45 companies in sector 87203 we hold annual accounts for 38. 11 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-07-2002
Fiscal year end31-12
Activities, NACEBEL
87999Residential care activities
87203Residential care activities
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.