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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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Busy address KBO
33 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
PAVABER from Brussel, company number BE0434888018, closed financial year 2024 with a result of € 807,258 after tax. For that financial year PAVABER recorded a gross margin of € 2.3 million and equity of € 1.4 million. Compared with financial year 2023, the result moved from € 574,635 to € 807,258. Profitable, and profit is growing. 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 June 30, 2025.
€ 1.4 million
▲ 43% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 807,258
▲ 40% vs 2023
Profit after tax over the fiscal year.
€ 1.4 million
▲ 41% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 400,000 paid out
50 % of the profit went to the shareholders, mostly to GPFI (100 % of the shares). That is where the money ends up.
People and assets in 2024
23.7
▲ 0.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▼ 3% vs 2023
€ 47,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 22,920
▼ 6% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 347,162
▲ 4% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 92,968
▼ 65% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 1,238,424 | € 2,336,014 | € 2,072,928 | € 2,310,338 | ▲ 11% |
| Profit after taxes | € 630,783 | € 1,006,172 | € 574,635 | € 807,258 | ▲ 40% |
| Equity | € 964,946 | € 971,118 | € 945,754 | € 1,353,012 | ▲ 43% |
| Total debts | € 843,433 | € 1,563,137 | € 1,201,720 | € 844,220 | ▼ 30% |
| Cash | € 1,175,964 | € 1,872,367 | € 987,199 | € 1,393,564 | ▲ 41% |
| Retained profit | € 114,946 | € 121,118 | € 95,754 | € 503,012 | ▲ € 407,258 |
| Dividend | € 600,000 | € 1,000,000 | € 600,000 | € 400,000 | ▼ 33% |
| Bank debt | € 23,497 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 1,808,379 | € 2,534,255 | € 2,147,474 | € 2,197,232 | ▲ 2% |
| Employees (FTE) | 14.2 | 21.5 | 23.2 | 23.7 | ▲ 0.5 |
Key figures of PAVABER, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to PAVABER?
What happened at PAVABER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MASSIMO MENEGALLI stepped down as director. NBB
- GPFI stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 807,258 (▲ 40% vs 2023). Source: NBB ↗
- MASSIMO MENEGALLI became a director. NBB
- SERGIO MENEGALLI stepped down as director. NBB
- GPFI became a director. NBB
- New establishment in Namur. KBO
- New establishment in Antwerpen. KBO
In short
From € 630,783 profit in 2021 to € 807,258 profit in 2024.
Paid € 1 million in corporate taxes since 2021.
Best year ever: 2022, with € 1 million profit.
On average € 97,500 of value added per employee in 2024.
Management
The stake of GPFI, EUROPEAN AMUSEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PAVABERThe shares are held by GPFI (100%) and EUROPEAN AMUSEMENT (90%).
Directors
According to the 2024 annual accounts
MASSIMO MENEGALLI
Managing director
Also active at: Automatic Equipment, European Holding Company, J.M.P., Les Copères, Y.C.L., IMMO LAEKEN, LA CASTELLANA, DEVOMAS +22 more
since 2024 · until 2030
SERGIO MENEGALLI
Director
Also active at: Center jeux automatiques, EUROPEAN AMUSEMENT, IMMO CM ATHUS
· until 2024
Director · represented by MASSIMO MENEGALLI
Also active at: Les Copères, DEVOMAS, MARBEL, LAGAUT, Fun2play, DEBA SQUARE, H B W FREETIME, STARGAMES +2 more
since 2024 · until 2030
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Oorlogskruisenlaan 120
1120 Brussel
Avenue de la Corderie(H) 11
7301 Boussu
Active since 12 September 1988
Rue de la Station 97
4101 Seraing
Active since 30 May 1996
Rue de la Station 99 box B
4101 Seraing
Active since 14 October 2014
Rue Laguesse 12
4460 Grâce-Hollogne
Active since 1 December 2017
Statiestraat 23-25
2018 Antwerpen
Active since 1 January 2018
Avenue Prince de Liège(JB) 81
5100 Namur
Active since 1 January 2022
Rue Grande, Brû. 61
5660 Couvin
Active since 14 October 2014
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 33 companies are registered at this address.
All companies at this address →General Automatic Amusement
€ 2.7 million gross margin · 2024
BELGIAN GAMING ASSOCIATION B.G.A.
Les Copères same network
€ 2.3 million gross margin · 2024
L'AUTOMATIQUE ELECTRONIQUE
€ -10,651 gross margin · 2024
Y.C.L. same network
€ 90,585 gross margin · 2025
+28 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0434.888.018
- VAT number
- BE 0434.888.018
- Registered office
- Oorlogskruisenlaan 120, 1120 Brussel
- Names & denominations
- PAVABER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 June 1988
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Exploitatie van recreatiedomeinen
Activiteiten van loterijen en kansspelen
Loterijen en kansspelen