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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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
PAJAC from Ciney, company number BE0435668471, closed financial year 2025 with a result of € 335,674 after tax. For that financial year PAJAC recorded a gross margin of € 513,981 and equity of € 633,919. Compared with financial year 2024, the result moved from € -18,951 to € 335,674. 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 August 24, 2026.
€ 633,919
▲ 113% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 335,674
▲ still € 18,951 loss in 2024
Profit after tax over the fiscal year.
€ 774,419
▲ 219% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 395,942.
Debts at end 2025
€ 24,825
▼ 34% vs 2024
€ 12,838 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 703
▼ 90% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 158,389
▲ € 157,925 vs 2024
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 | € 25,669 | € 10,488 | € 25,380 | € 513,981 | ▲ € 488,602 |
| Profit after taxes | € -18,108 | € -34,972 | € -18,951 | € 335,674 | ▲ € 354,625 |
| Equity | € 352,168 | € 317,196 | € 298,245 | € 633,919 | ▲ 113% |
| Total debts | € 88,239 | € 50,814 | € 44,674 | € 183,917 | ▲ € 139,242 |
| Cash | € 276,682 | € 241,464 | € 243,081 | € 774,419 | ▲ 219% |
| Land & buildings | € 75,489 | € 70,173 | € 67,802 | € 12,926 | ▼ 81% |
| Retained profit | € 114,191 | € 79,218 | € 60,267 | € 395,942 | ▲ € 335,674 |
| Bank debt | € 61,886 | € 49,768 | € 37,418 | € 24,825 | ▼ 34% |
| Balance sheet total | € 454,413 | € 376,604 | € 346,705 | € 817,836 | ▲ 136% |
Key figures of PAJAC, 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 PAJAC?
What happened at PAJAC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 335,674. filed late Source: NBB ↗
- ADOLPHE CATTARIN stepped down as director. NBB
- HUGO CATTARIN stepped down as director. NBB
- HUGO CATTARIN became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 18,108 loss in 2022 to € 335,674 profit in 2025.
Paid € 159,825 in corporate taxes since 2022.
Best year ever: 2025, with € 335,674 profit.
Management
Directors
According to the 2025 annual accounts
ADOLPHE CATTARIN
Managing director
· until 2024
HUGO CATTARIN
Director
since 2000 · until 2024
Establishments
Establishment units
Physical locations of this company
Rue Piervenne 69
5590 Ciney
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0435.668.471
- VAT number
- BE 0435.668.471
- Registered office
- Rue Piervenne 69, 5590 Ciney
- Names & denominations
- PAJAC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 October 1988
- Peppol
- Not registered