ACTIVE

PAGACE

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Financial year 2024 · closed on 31/12/2024
Net result
119,3 k €
-83.2% YoY
Gross margin
-50,3 k €
-107.5% YoY
Equity
5,3 M €
+2.3% YoY

What does PAGACE do?

PAGACE is a Public limited company incorporated in 2011. Its main activity is: Buying and selling of own real estate. Its registered office is in Auderghem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0838.324.973
Incorporation
04/08/2011
Legal form
Public limited company
Registered office
Boulevard du Souverain 292
1160 Auderghem · BruxellesSee on map
Contributed capital
861 000,00 €
Latest accounts
31/12/2024
Activities (NACE)
68100Buying and selling of own real estate· main68110Buying and selling of own real estate
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2024202320222021202020192018201720162015201420132012
Income statement
Gross margin-50,3 k €666,2 k €-125,2 k €-5,7 k €-147,2 k €19,7 k €1,6 M €-201,8 k €5,3 M €5 M €-144,5 k €-74,5 k €-87,1 k €
EBITDA-50,3 k €666,2 k €-125,2 k €-5,7 k €-148 k €18,8 k €1,6 M €-202,9 k €4,6 M €4 M €-381,9 k €-232,7 k €-87,5 k €
Operating result-50,3 k €666,2 k €-125,2 k €-5,7 k €-148 k €18,8 k €1,6 M €-202,9 k €4,6 M €4 M €-381,9 k €-232,7 k €-88,5 k €
Net result119,3 k €709,6 k €-125,8 k €18,9 k €-133,8 k €15,3 k €1,2 M €-201,7 k €3,5 M €3 M €-428 k €-256,1 k €-95,8 k €
Balance sheet
Equity5,3 M €5,1 M €4,9 M €5,1 M €5 M €5,2 M €5,2 M €4,1 M €4,3 M €2,3 M €81,2 k €-290,4 k €-34,3 k €
Total assets5,3 M €6,2 M €5 M €5,1 M €5,2 M €5,5 M €7,3 M €11,7 M €9,6 M €17,8 M €15,2 M €7,7 M €368 k €
Cash66,7 k €171,3 k €912,3 k €919 k €937,6 k €1,5 M €2,8 M €5,6 M €7,6 M €2,6 M €304,4 k €530,4 k €101,1 k €
Debts34,2 k €1,1 M €49,9 k €49,9 k €121,1 k €359,2 k €2,2 M €7,6 M €5,2 M €11 M €15 M €7,9 M €281,3 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 31 ended

Active mandates

Arfides

Director · since 15 mai 2023 · until 15 mai 2029 · 0849.719.802

Represented by Stefan PAELEMAN

Active
CEDCO

Managing director · since 15 mai 2023 · until 15 mai 2029 · 0875.891.291

Represented by Cedric HEEREN

Active
REAL ESTATE SOLUTIONS

Director · since 15 mai 2023 · until 15 mai 2029 · 0460.014.184

Represented by Bart PAELEMAN

Active
WILMARC INVEST

Managing director · since 15 mai 2023 · until 15 mai 2029 · 0434.262.367

Represented by Marc PAELEMAN

Active

Ended mandates

Arfides

Director · since 15 mai 2023 · until 15 mai 2029 · 0849.719.802

Represented by Stefan Paeleman

Ended
SODEGIM

Director · since 01 mai 2015 · until 30 avril 2021 · 0886.957.607

Represented by Marc Paeleman

Ended
Arfides

Director · since 19 décembre 2013 · until 15 mai 2016 · 0849.719.802

Represented by Stefan Paeleman

Ended
Arfides

Director · since 19 décembre 2013 · until 19 décembre 2016 · 0849.719.802

Represented by Stefan Paeleman

Ended
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Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/09/202530/08/202431/08/202331/05/202224/08/202114/08/2020
General meeting15/05/202515/05/202415/05/202315/05/202215/05/202129/06/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202415/05/202530/09/2025DutchPDF
Abridged model31/12/202315/05/202430/08/2024DutchPDF
Abridged model31/12/202215/05/202331/08/2023DutchPDF
Abridged model31/12/202115/05/202231/05/2022DutchPDF
Abridged model31/12/202015/05/202124/08/2021DutchPDF
Abridged model31/12/201929/06/202014/08/2020DutchPDF
Abridged model31/12/201815/05/201929/08/2019DutchPDF
Abridged model31/12/201715/05/201824/08/2018DutchPDF
Abridged model31/12/201615/05/201729/08/2017DutchPDF
Abridged model31/12/201516/05/201623/09/2016DutchPDF
Abridged model31/12/201415/05/201524/08/2015DutchPDF
Abridged model31/12/201315/05/201412/08/2014DutchPDF
Abridged model31/12/201215/05/201324/06/2013DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

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 31/12/2024 · 4 active · 31 ended

Active mandates

Arfides

Director · since 15 mai 2023 · until 15 mai 2029 · 0849.719.802

Represented by Stefan PAELEMAN

Active
CEDCO

Managing director · since 15 mai 2023 · until 15 mai 2029 · 0875.891.291

Represented by Cedric HEEREN

Active
REAL ESTATE SOLUTIONS

Director · since 15 mai 2023 · until 15 mai 2029 · 0460.014.184

Represented by Bart PAELEMAN

Active
WILMARC INVEST

Managing director · since 15 mai 2023 · until 15 mai 2029 · 0434.262.367

Represented by Marc PAELEMAN

Active

Ended mandates

Arfides

Director · since 15 mai 2023 · until 15 mai 2029 · 0849.719.802

Represented by Stefan Paeleman

Ended
SODEGIM

Director · since 01 mai 2015 · until 30 avril 2021 · 0886.957.607

Represented by Marc Paeleman

Ended
Arfides

Director · since 19 décembre 2013 · until 15 mai 2016 · 0849.719.802

Represented by Stefan Paeleman

Ended
Arfides

Director · since 19 décembre 2013 · until 19 décembre 2016 · 0849.719.802

Represented by Stefan Paeleman

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates23/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other29/12/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates17/09/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/09/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/07/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares12/02/2015
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates08/01/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other30/08/2011
    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. 2024
    Annual accounts 2024119,3 k €↓
  2. 2023
    Annual accounts 2023709,6 k €↑
  3. 2022
    Annual accounts 2022-125,8 k €↓
  4. 2021
    Annual accounts 202118,9 k €↑
  5. 2020
    Annual accounts 2020-133,8 k €↓
  6. 2019
    Annual accounts 201915,3 k €↓
  7. 2018
    Annual accounts 20181,2 M €↑
  8. 2017
    Annual accounts 2017-201,7 k €↓
  9. 2016
    Annual accounts 20163,5 M €↑
  10. 2015
    Annual accounts 20153 M €↑
  11. 2014
    Annual accounts 2014-428 k €↓
  12. 2013
    Annual accounts 2013-256,1 k €↓
  13. 2012
    Annual accounts 2012-95,8 k €
  14. 04/08/2011
    IncorporationPublic limited company