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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 51 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PAVI - LINE from Grez-Doiceau, company number BE0449535909, closed financial year 2025 with a result of € -10,147 after tax. For that financial year PAVI - LINE recorded a gross margin of € -2,730 and equity of € 68,976. Compared with financial year 2024, the result moved from € -5,522 to € -10,147. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 26, 2026.
€ 68,976
▼ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10,147
▼ 84 % more loss than in 2024
Profit after tax over the fiscal year.
€ 26,110
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 6,976.
Debts at end 2025
€ 137,900
▼ 9% vs 2024
€ 14,321 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 39,011
▲ 51% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,978
▲ 38% 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 | |
|---|---|---|---|---|---|
| Revenue | € 595,901 | - | - | - | |
| Gross margin | € 44,283 | € 25,282 | € 11,987 | € -2,730 | ▼ € 14,717 |
| Profit after taxes | € 23,240 | € -1,829 | € -5,522 | € -10,147 | ▼ € 4,625 |
| Equity | € 86,474 | € 84,645 | € 79,123 | € 68,976 | ▼ 13% |
| Total debts | € 269,148 | € 211,043 | € 185,005 | € 186,152 | ▲ 1% |
| Cash | € 38,581 | € 34,367 | € 26,233 | € 26,110 | |
| Land & buildings | € 74,190 | € 73,963 | € 73,737 | € 73,737 | |
| Retained profit | € 24,474 | € 22,645 | € 17,123 | € 6,976 | ▼ 59% |
| Dividend | € 23,200 | € 0 | € 0 | € 0 | |
| Bank debt | € 168,179 | € 166,361 | € 151,937 | € 137,900 | ▼ 9% |
| Balance sheet total | € 355,622 | € 295,688 | € 264,128 | € 255,128 | ▼ 3% |
Key figures of PAVI - LINE, 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 PAVI - LINE?
What happened at PAVI - LINE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- EMMANUEL LISEIN stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 10,147. filed late Source: NBB ↗
- JACQUELINE LENAERTS stepped down as director. NBB
- EMMANUEL LISEIN became a director. NBB
- JACQUELINE LENAERTS became a director. NBB
- New establishment in Grez-Doiceau. KBO
- Start of the company according to the CBE. KBO
In short
From € 23,240 profit in 2022 to € 10,147 loss in 2025.
Paid € 8,118 in corporate taxes since 2022.
Best year ever: 2022, with € 23,240 profit.
Paid out € 23,200 in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
JACQUELINE LENAERTS
Director
since 2019 · until 2025
EMMANUEL LISEIN
Managing director
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Chaussée de Wavre 149
1390 Grez-Doiceau
Chaussée de Wavre 151
1390 Grez-Doiceau
Active since 7 July 1993
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0449.535.909
- VAT number
- BE 0449.535.909
- Registered office
- Chaussée de Wavre 149, 1390 Grez-Doiceau
- Names & denominations
- PAVI - LINE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 March 1993
- Peppol
- Active · Active since 8 Apr 2026
- Activities · NACE
Groothandel in bouwmaterialen, algemeen assortiment
Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2