NORMAL SITUATION

PAJOTA

Export PDF

Financial year 2025 · closed on 07/11/2025

Net result

-26,5 k €

-158.7% YoY

Gross margin

-8,9 k €

-105.4% YoY

Equity

3,1 M €

-0.8% YoY

Company — Normal situation.

What does PAJOTA do?

PAJOTA is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0461.120.974

Legal form

Private limited company

Contributed capital

6 141,57 €

Latest accounts

07/11/2025

Joint committees (2)

323
32301

Signals

Solid equityGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-8,9 k €	-105%	164,8 k €	+338%	-69,3 k €	-212%	61,9 k €	+45.7%	42,5 k €	-95.4%	927 k €	+2.1%	907,5 k €	+9.0%	832,5 k €	+21.3%	686,5 k €	+71.9%	399,4 k €	-33.7%	602 k €	+62.3%	371,1 k €	+13.1%	328 k €	+12.2%	292,3 k €	+22.0%	239,5 k €	+39.2%	172 k €	-36.1%	269 k €	+61.4%	166,7 k €
EBITDA	-9,9 k €	-107%	143,8 k €	+281%	-79,6 k €	-257%	50,7 k €	+52.2%	33,3 k €	-95.2%	695,6 k €	+3.0%	675,4 k €	+10.8%	609,8 k €	-11.3%	687,8 k €	+132%	296,5 k €	+18.4%	250,3 k €	+13.9%	219,8 k €	-10.0%	244,2 k €	+13.0%	216,2 k €	+257%	60,5 k €	-64.8%	172 k €	-36.1%	269 k €	+61.4%	166,7 k €
Operating result	-39,7 k €	-190%	44,2 k €	+125%	-178,7 k €	-352%	-39,5 k €	+43.3%	-69,7 k €	-112%	579,3 k €	+3.7%	558,6 k €	+14.9%	486,4 k €	-15.7%	577,2 k €	+170%	214,2 k €	+18.8%	180,3 k €	+28.5%	140,3 k €	-20.3%	176,2 k €	+16.4%	151,3 k €	+70818%	-214 €	-100%	114,3 k €	-42.7%	199,5 k €	+103%	98,4 k €
Net result	-26,5 k €	-159%	45,1 k €	+229%	-34,9 k €	-111%	309,2 k €	+636%	-57,7 k €	-114%	421,6 k €	+0.8%	418,3 k €	+40.8%	297,2 k €	-32.0%	437 k €	+245%	126,6 k €	-10.7%	141,8 k €	+38.9%	102,1 k €	-24.3%	134,8 k €	+28.2%	105,2 k €	+455%	-29,6 k €	-126%	114,3 k €	-15.2%	134,8 k €	+37.0%	98,4 k €
Balance sheet
Equity	3,1 M €	-0.8%	3,2 M €	+1.4%	3,1 M €	-1.1%	3,1 M €	+10.9%	2,8 M €	+19.1%	2,4 M €	+7.9%	2,2 M €	+23.4%	1,8 M €	-2.9%	1,8 M €	+31.1%	1,4 M €	+9.1%	1,3 M €	+7.7%	1,2 M €	+6.9%	1,1 M €	+10.9%	1 M €	+11.6%	905,1 k €	-3.2%	934,7 k €	+13.9%	820,4 k €	+19.7%	685,6 k €
Total assets	3,5 M €	-0.3%	3,5 M €	+3.1%	3,4 M €	-7.9%	3,7 M €	+4.4%	3,5 M €	-3.4%	3,6 M €	-12.2%	4,1 M €	+11.7%	3,7 M €	+4.7%	3,5 M €	+29.9%	2,7 M €	+5.1%	2,6 M €	+3.0%	2,5 M €	+12.0%	2,2 M €	-0.6%	2,3 M €	+4.7%	2,2 M €	+19.6%	1,8 M €	+12.5%	1,6 M €	+20.5%	1,3 M €
Cash	156,8 €	-95.0%	3,2 k €	-92.4%	41,8 k €	-92.0%	523,3 k €	+80.6%	289,7 k €	+51.5%	191,2 k €	+71.1%	111,8 k €	+78.8%	62,5 k €	-67.9%	194,9 k €	+486%	33,2 k €	-79.4%	161,3 k €	+280%	42,4 k €	-71.1%	146,7 k €	-30.8%	212,2 k €	+1.7%	208,5 k €	-50.2%	418,9 k €	+164%	158,5 k €	-43.2%	278,9 k €
Debts	239,4 k €	+8.0%	221,7 k €	+8.2%	204,9 k €	-54.8%	453,6 k €	-24.5%	601 k €	-48.4%	1,2 M €	-36.6%	1,8 M €	+1.0%	1,8 M €	+14.8%	1,6 M €	+48.5%	1,1 M €	+8.8%	980,3 k €	-10.9%	1,1 M €	+15.7%	950,8 k €	-10.8%	1,1 M €	+0.6%	1,1 M €	+57.1%	674,6 k €	-11.5%	762,4 k €	+21.0%	630,1 k €
Other
Workforce	–		–		–		0,0 ETP	-100%	2,1 ETP	-44.7%	3,8 ETP	-2.6%	3,9 ETP	+2.6%	3,8 ETP	+2.7%	3,7 ETP	+27.6%	2,9 ETP	+3.6%	2,8 ETP	+47.4%	1,9 ETP	0.0%	1,9 ETP	-5.0%	2,0 ETP	0.0%	2,0 ETP		–		–		–

Governance

Board of directors

Seen on filing of 07/11/2025 · 2 active · 6 ended

Active mandates

Laurence Van Cutsem

Director · since 30 juin 2021

Active

Thomas Valkeniers

Director · since 30 juin 2021

Active

Ended mandates

Up Invest

Manager · since 30 septembre 2007 · 0872.227.463

Represented by THOMAS VALKENIERS

Ended

Up Invest

Manager · since 30 septembre 2007 · 0872.227.463

Represented by Thomas Valkeniers

Ended

Up Invest

Manager · since 30 septembre 2007 · 0872.227.463

Represented by THOMAS VALKENIERS

Ended

LAURENCE VAN CUTSEM

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	07/11/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	11 months	12 months	12 months	12 months	12 months	12 months
Filing date	04/06/2026	31/07/2025	08/07/2024	10/10/2023	30/08/2022	10/06/2021
General meeting	06/05/2026	31/07/2025	04/07/2024	09/10/2023	29/07/2022	20/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

29 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	07/11/2025	06/05/2026	04/06/2026	Dutch	PDF
Micro model	31/12/2024	31/07/2025	31/07/2025	Dutch	PDF
Micro model	31/12/2023	04/07/2024	08/07/2024	Dutch	PDF
Abridged model	31/12/2022	09/10/2023	10/10/2023	Dutch	PDF
Abridged model	31/12/2021	29/07/2022	30/08/2022	Dutch	PDF
Abridged model	31/12/2020	20/03/2021	10/06/2021	Dutch	PDF
Abridged model	31/12/2019	31/07/2020	27/08/2020	Dutch	PDF
Abridged model	31/12/2018	08/07/2019	08/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	03/07/2018	Dutch	PDF
Abridged model	31/12/2016	31/07/2017	11/08/2017	Dutch	PDF
Abridged model	31/12/2015	26/08/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	14/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	29/09/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	27/09/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	20/07/2012	Dutch	PDF
Abridged modelCorrection	31/12/2010	15/06/2012	28/06/2012	Dutch	PDF
Abridged model	31/12/2010	15/07/2011	19/07/2011	Dutch	PDF
Abridged model	31/12/2009	15/07/2010	26/08/2010	Dutch	PDF
Abridged model	31/12/2008	15/07/2009	29/07/2009	Dutch	PDF
Abridged model	31/12/2007	15/07/2008	24/07/2008	Dutch	PDF
Abridged model	31/12/2006	25/08/2007	16/10/2007	Dutch	PDF
Abridged model	31/12/2005	15/07/2006	24/07/2006	Dutch	PDF
Abridged model	31/12/2004	15/07/2005	26/07/2005	Dutch	PDF
Abridged model	31/12/2003	10/07/2004	22/07/2004	Dutch	PDF

View all 29 filings

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 07/11/2025 · 2 active · 6 ended

Active mandates

Laurence Van Cutsem

Director · since 30 juin 2021

Active

Thomas Valkeniers

Director · since 30 juin 2021

Active

Ended mandates

Up Invest

Manager · since 30 septembre 2007 · 0872.227.463

Represented by THOMAS VALKENIERS

Ended

Up Invest

Manager · since 30 septembre 2007 · 0872.227.463

Represented by Thomas Valkeniers

Ended

Up Invest

Manager · since 30 septembre 2007 · 0872.227.463

Represented by THOMAS VALKENIERS

Ended

LAURENCE VAN CUTSEM

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Dissolution27/11/2025
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring26/09/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring05/08/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Restructuring20/05/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-26,5 k €↓
2024
Annual accounts 202445,1 k €↑
2023
Annual accounts 2023-34,9 k €↓
2022
Annual accounts 2022309,2 k €↑
2021
Annual accounts 2021-57,7 k €↓
2018
Annual accounts 2018421,6 k €↑
2017
Annual accounts 2017418,3 k €↑
2016
Annual accounts 2016297,2 k €↓
2015
Annual accounts 2015437 k €↑
2014
Annual accounts 2014126,6 k €↓
2013
Annual accounts 2013141,8 k €↑
2012
Annual accounts 2012102,1 k €↓
2011
Annual accounts 2011134,8 k €↑
2010
Annual accounts 2010105,2 k €↑
2009
Annual accounts 2009-29,6 k €↓
2008
Annual accounts 2008114,3 k €↓
2007
Annual accounts 2007134,8 k €↑
2006
Annual accounts 200698,4 k €

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

PAJOTA

Overview

What does PAJOTA do?

Trend over 18 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline