Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 27 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PAFRAM from Brugge, company number BE0429788786, closed financial year 2025 with a result of € 75,005 after tax. For that financial year PAFRAM recorded a gross margin of € 142,436 and equity of € 165,372. Compared with financial year 2024, the result moved from € 76,703 to € 75,005. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ 165,372
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 75,005
▼ 2% vs 2024
Profit after tax over the fiscal year.
€ 22,222
▼ 53% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 75,000 paid out
100 % of the profit went to the shareholders, mostly to IMMO DENYFRA (90 % of the shares). That is where the money ends up.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 5,161
▲ 94% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,258
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 111,659 | € 118,930 | € 143,573 | € 142,436 | ▼ 1% |
| Profit after taxes | € 59,137 | € 58,609 | € 76,703 | € 75,005 | ▼ 2% |
| Equity | € 298,389 | € 231,998 | € 165,367 | € 165,372 | |
| Total debts | € 34,119 | € 132,837 | € 87,404 | € 86,827 | ▼ 1% |
| Cash | € 101,515 | € 142,564 | € 47,033 | € 22,222 | ▼ 53% |
| Land & buildings | € 221,368 | € 209,250 | € 190,433 | € 168,737 | ▼ 11% |
| Retained profit | € 236,889 | € 170,498 | € 103,867 | € 103,872 | |
| Dividend | € 0 | € 125,000 | € 143,334 | € 75,000 | ▼ 48% |
| Balance sheet total | € 332,508 | € 364,835 | € 252,770 | € 252,199 |
Key figures of PAFRAM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to PAFRAM?
What happened at PAFRAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Xavier De Vos stepped down as director. NBB
- Francine Denys stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 75,005 (▼ 2% vs 2024). Source: NBB ↗
- Xavier De Vos became a director. NBB
- Francine Denys became a director. NBB
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 59,137 profit in 2022 to € 75,005 profit in 2025.
Paid € 90,074 in corporate taxes since 2022.
Best year ever: 2024, with € 76,703 profit.
Paid out € 343,334 in dividends to the owners in total.
Management
The stake of IMMO DENYFRA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PAFRAMThe shares are held by IMMO DENYFRA (90%).
Directors
According to the 2025 annual accounts
since 2023 · until 2028
since 2023 · until 2028
Shareholders
90%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zuidzandstraat 15
8000 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0429.788.786
- VAT number
- BE 0429.788.786
- Registered office
- Zuidzandstraat 15, 8000 Brugge
- Names & denominations
- PAFRAM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 November 1986
- Peppol
- Active · Active since 15 Dec 2025