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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PAVIM from Etterbeek, company number BE0438158205, closed financial year 2025 with a result of € -142,774 after tax. For that financial year PAVIM recorded a gross margin of € 157,706 and equity of € -352,326. Compared with financial year 2024, the result moved from € -133,875 to € -142,774. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 30, 2025.
€ -352,326
▼ € 142,774 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -142,774
▼ 7 % more loss than in 2024
Profit after tax over the fiscal year.
€ 146,012
▲ € 112,376 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -413,826.
Debts at end 2025
€ 2.8 million
▲ 78% vs 2024
€ 79,961 is repaid this year. At this pace the long-term loan is gone in ≈ 35 years.
€ 4,980
▲ 190% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 83,983 | € 89,590 | € 96,326 | € 157,706 | ▲ 64% |
| Profit after taxes | € 11,193 | € 16,267 | € -133,875 | € -142,774 | ▼ € 8,899 |
| Equity | € -91,944 | € -75,677 | € -209,552 | € -352,326 | ▼ € 142,774 |
| Total debts | € 891,025 | € 882,066 | € 1,919,248 | € 4,632,312 | ▲ 141% |
| Cash | € 6,537 | € 2,585 | € 33,636 | € 146,012 | ▲ € 112,376 |
| Land & buildings | € 392,404 | € 338,853 | € 1,275,304 | € 3,287,325 | ▲ 158% |
| Retained profit | € -153,444 | € -137,177 | € -271,052 | € -413,826 | ▼ € 142,774 |
| Bank debt | € 833,141 | € 792,184 | € 1,575,520 | € 2,803,522 | ▲ 78% |
| Balance sheet total | € 799,081 | € 806,389 | € 1,709,696 | € 4,279,986 | ▲ 150% |
Key figures of PAVIM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to PAVIM?
What happened at PAVIM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 142,774. Source: NBB ↗
- Rodolphe Cleenewerk de Crayencour stepped down as director. NBB
- Savina Lamarche stepped down as director. NBB
- Rodolphe Cleenewerk de Crayencour became a director. NBB
- Savina Lamarche became a director. NBB
- New establishment in Schaarbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,193 profit in 2022 to € 142,774 loss in 2025.
Best year ever: 2023, with € 16,267 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Debsar, EQUITY comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PAVIMThe shares are held by Debsar (100%) and EQUITY (100%). It owns 100% of Eldorado & co and 29.7% of Home le Myosotis itself.
Directors
According to the 2025 annual accounts
Rodolphe Cleenewerk de Crayencour
Director
since 2019 · until 2025
since 2019 · until 2025
Participations
100%
29.7%
Establishments
Establishment units
Physical locations of this company
Nestor Plissartlaan 6
1040 Etterbeek
Papaverstraat 50
1030 Schaarbeek
Active since 6 December 2002
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0438.158.205
- VAT number
- BE 0438.158.205
- Registered office
- Nestor Plissartlaan 6, 1040 Etterbeek
- Names & denominations
- PAVIM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 July 1989
- Peppol
- Active · Active since 24 Dec 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen