Pavreco
ActivePavreco has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €74k and a net result of €-10k. Equity is shrinking by ~7% per year across the filed fiscal years. Its solvency ranks better than 39% of 5896 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability64▼-2
Solvency57▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.33 against 0.38 in 2023; short-term debt: 63.2% and cash: 3% of total assets), and 68.4% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← 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
31.6%
Return on assets
-4.2%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-10k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
40 d early
2022
48 d early
2021
52 d early
2020
37 d early
2019
42 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€74k▼ 11.7%
2023 · €83k
2018: €108k
2019: €111k
2020: €115k
2021: €103k
2022: €89k
2023: €83k
2018 → 2024
Total assets
€232k▼ 3.9%
2023 · €242k
2018: €265k
2019: €261k
2020: €251k
2021: €278k
2022: €256k
2023: €242k
2018 → 2024
Net result
€-10k▼ 73.6%
2023 · €-6k
2018: €-14k
2019: €2k
2020: €5k
2021: €-12k
2022: €-15k
2023: €-6k
2018 → 2024
Working capital
€-98k▼ 22.1%
2023 · €-80k
2018: €10k
2019: €-41k
2020: €-40k
2021: €-60k
2022: €-73k
2023: €-80k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€115k-€103k▼ 10.3%€89k▼ 14.2%€83k▼ 6.3%€74k▼ 11.7%
Operating result€13k-€-9k€-12k▼ 34.5%€-4k▲ 71.6%€-9k▼ 159%
Net result€5k-€-12k€-15k▼ 24.0%€-6k▲ 61.8%€-10k▼ 73.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2024 against €4k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €232k
Fixed assets
€183k▼ 5.2%
Current assets
€49k▲ 1.3%
Equity and liabilities €232k
Equity
€74k▼ 11.7%
Debt
€159k▲ 0.2%
The debt ratio rises from 65.6% to 68.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2k▼
2023 · €12k
Cash flow
€1k▼
2023 · €10k
Solvency
31.6%▼
2023 · 34.4%
Current ratio
0.33▼
2023 · 0.38
Quick ratio
0.19▼
2023 · 0.21
Debt / equity
2.16▲
2023 · 1.91
ROE
-13.2%▼
2023 · -6.7%
ROA
-4.2%▼
2023 · -2.3%
Interest coverage
6.71▼
2023 · 7.07
Debt
€159k▲
2023 · €159k
Debt ≤ 1 year
€147k▲
2023 · €129k
Debt > 1 year
€12k▼
2023 · €30k
Income taxes
€372▲
2023 · €349
Staff costs
€65k▲
2023 · €61k
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€242k€232k▼
Fixed assets21/28€193k€183k▼
Tangible fixed assets22/27€193k€183k▼
Land and buildings22€155k€149k▼
Plant, machinery and equipment23€293€113▼
Furniture and vehicles24-€798
Leasing and similar rights25€38k€33k▼
Current assets29/58€48k€49k▲
Stocks and contracts in progress3€21k€22k▲
Stocks30/36€21k€22k▲
Amounts receivable within one year40/41€20k€18k▼
Trade receivables40€20k€18k▼
Cash at bank and in hand54/58€6k€7k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€242k€232k▼
Equity10/15€83k€74k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€43k€43k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€36k€36k=
Profit (loss) carried forward14€-21k€-31k▼
Amounts payable17/49€159k€159k▲
Amounts payable after more than one year17€30k€12k▼
Financial debts170/4€30k€12k▼
Amounts payable within one year42/48€129k€147k▲
Current portion of amounts payable after more than one year42€18k€18k▲
Trade debts44€25k€17k▼
Suppliers440/4€25k€17k▼
Taxes, remuneration and social security45€9k€8k▼
Taxes450/3€3k€2k▼
Remuneration and social security454/9€6k€6k▼
Other amounts payable47/48€77k€103k▲
Income statement
Code20232024
Remuneration, social security and pensions62€61k€65k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€11k▼
Other operating charges640/8€5k€6k▲
Gross operating margin9900€79k€73k▼
Operating profit (loss)9901€-4k€-9k▼
Financial charges65/66B€2k€281▼
Recurring financial charges65€2k€281▼
Profit (loss) for the period before taxes9903€-5k€-9k▼
Income taxes67/77€349€372▲
Profit (loss) for the period9904€-6k€-10k▼
Profit (loss) for the period to be appropriated9905€-6k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-21k€-31k▼
Profit (loss) brought forward from the previous period14P€-16k€-21k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €5k ▲119%
Operating result €13k, net result €5k, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB 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, Zonhoven · 1 establishment unit since 1991
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.
Bokrijkseweg 913520 ZonhovenGround area
721 m²
Building footprint
154 m²
Volume, LiDAR
931 m³
Parcel 71442D0132/00D105, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DUOPRINT
since 19912.051.895.339
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71442D0132/00D105 | Flanders | 721 m² | 1 · 154 m² | 9.3 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.
Similar companies · same sector, comparable size
STAS
BE 0556.831.270
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TUININRICHTING WAGEMANS
BE 0808.591.109
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DE BAST GROENBEDRIJF
BE 1004.256.836
Geel · Eq €74k
DE TUINKABOUTER
BE 0475.431.147
Grobbendonk · Eq €73k
VANHOUT
BE 0436.985.889
Lier · Eq €73k
Of 21,216 companies in sector 81300 we hold annual accounts for 4,362. 3,646 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-02-1991
Fiscal year end31-12
Activities, NACEBEL
18120Other printing
81300Landscape service activities
43350Other building finishing work
47620Retail trade
47621Retail sale of newspapers and periodicals
52470
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
81210General cleaning of buildings
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.