ACTIVE

PAGS

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Financial year 2025 · closed on 31/12/2025
Net result
-216,4 k €
-15.1% YoY
Gross margin
-91,4 k €
+7.8% YoY
Equity
-204 k €
-1735.6% YoY

What does PAGS do?

PAGS is a Private limited company incorporated in 2021. Its main activity is: Data processing, hosting and related activities; web portals. Its registered office is in Anderlecht.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0761.801.376
Incorporation
19/01/2021
Legal form
Private limited company
Registered office
Allée de la Recherche 10
1070 Anderlecht · BruxellesSee on map
Contributed capital
619 889,00 €
Latest accounts
31/12/2025
Activities (NACE)
63100Data processing, hosting and related activities; web portals· main63110Data processing, hosting and related activities47400Retail sale of information and communication equipment in specialised stores47410Retail sale of computers, peripheral units and software in specialised stores58290Other software publishing58290Other software publishing+2
Signals
Good liquidity
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin-91,4 k €-99,1 k €-127 k €-183,1 k €-60 k €
EBITDA-92 k €-100 k €-127,4 k €-183,5 k €-60,3 k €
Operating result-190,2 k €-172,4 k €-162 k €-191,2 k €-61,3 k €
Net result-216,4 k €-188 k €-162,2 k €-195,7 k €-61,5 k €
Balance sheet
Equity-204 k €12,5 k €200,5 k €762,6 k €-11,5 k €
Total assets462,3 k €430,8 k €373,5 k €869 k €60,2 k €
Cash118,4 k €108,6 k €161,2 k €350,8 k €–
Debts588,7 k €387,5 k €173,1 k €106,4 k €71,8 k €
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 1 ended

Active mandates

Reynald JACOBS

Director · since 10 janvier 2025

Active
Feliciea JIBSON

Director · since 19 janvier 2021

Active

Ended mandates

E-HEALTH VENTURE

Director · since 19 janvier 2021 · 0708.902.328

Represented by Marius DECLERCK

Ended
At this address

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Annual accounts

Full financial information

20252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202219/01/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months12 months
Filing date08/07/202612/08/202529/08/202429/08/202324/08/2022
General meeting22/05/202609/05/202528/06/202402/08/202321/06/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202522/05/202608/07/2026DutchPDF
Abridged model31/12/202409/05/202512/08/2025DutchPDF
Abridged model31/12/202328/06/202429/08/2024DutchPDF
Abridged model31/12/202202/08/202329/08/2023FrenchPDF
Abridged model31/12/202121/06/202224/08/2022FrenchPDF
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 31/12/2025 · 2 active · 1 ended

Active mandates

Reynald JACOBS

Director · since 10 janvier 2025

Active
Feliciea JIBSON

Director · since 19 janvier 2021

Active

Ended mandates

E-HEALTH VENTURE

Director · since 19 janvier 2021 · 0708.902.328

Represented by Marius DECLERCK

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other07/09/2026
    Uittreksel uit het proces verbaal van de algemene vergadering van de aandeelhouders dd. 22 mei 2026
    PDF
  • Capital / shares12/01/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Capital / shares22/11/2022
    KAPITAAL - AANDELEN
    PDF
  • Other21/01/2021
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 2025-216,4 k €↓
  2. 2024
    Annual accounts 2024-188 k €↓
  3. 2023
    Annual accounts 2023-162,2 k €↑
  4. 2022
    Annual accounts 2022-195,7 k €↓
  5. 2021
    Annual accounts 2021-61,5 k €
  6. 19/01/2021
    IncorporationPrivate limited company