Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PAGEOR from Waregem, company number BE0461742764, closed financial year 2025 with a result of € -27,034 after tax. For that financial year PAGEOR recorded a gross margin of € 35,695 and equity of € 861,913. Compared with financial year 2024, the result moved from € -36,682 to € -27,034. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 861,913
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -27,034
▲ 26 % less loss than in 2024
Profit after tax over the fiscal year.
€ 6,874
▲ 201% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 794,300.
Debts at end 2025
€ 187,904
▼ 6% vs 2024
€ 13,468 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 10,449
▲ 125% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 288
▲ 6% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 410,464 | € 19,153 | € 23,180 | € 35,695 | ▲ 54% |
| Profit after taxes | € 284,353 | € -42,729 | € -36,682 | € -27,034 | ▲ € 9,648 |
| Equity | € 974,358 | € 931,629 | € 888,947 | € 861,913 | ▼ 3% |
| Total debts | € 279,336 | € 237,499 | € 222,245 | € 223,790 | ▲ 1% |
| Cash | € 55,012 | € 21,572 | € 2,284 | € 6,874 | ▲ 201% |
| Land & buildings | € 1,197,937 | € 1,143,304 | € 1,100,931 | € 1,067,934 | ▼ 3% |
| Retained profit | € 906,745 | € 864,016 | € 821,334 | € 794,300 | ▼ 3% |
| Dividend | € 25,286 | € 0 | € 6,000 | € 0 | ▼ 100% |
| Bank debt | € 224,873 | € 212,730 | € 200,731 | € 187,904 | ▼ 6% |
| Balance sheet total | € 1,253,694 | € 1,169,128 | € 1,111,192 | € 1,085,703 | ▼ 2% |
Key figures of PAGEOR, 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 PAGEOR?
What happened at PAGEOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 27,034. Source: NBB ↗
- Henach BV became a director. NBB
- CHADEMAR INVEST NV became a director. NBB
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 284,353 profit in 2022 to € 27,034 loss in 2025.
Paid € 17,357 in corporate taxes since 2022.
Best year ever: 2022, with € 284,353 profit.
Paid out € 31,286 in dividends to the owners in total.
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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
Behind PAGEOR are Henach BV and CHADEMAR INVEST NV. Henach BV is also behind Medicura.
Directors
According to the 2025 annual accounts
Director · represented by Karolien Desmet
since 2024
Establishments
Establishment units
Physical locations of this company
Churchilllaan 13 box 2.1
8790 Waregem
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
- 0461.742.764
- VAT number
- BE 0461.742.764
- Registered office
- Churchilllaan 13 bus 2.1, 8790 Waregem
- Names & denominations
- PAGEOR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 October 1997
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten van hoofdkantoren
Overige zakelijke dienstverlening, neg
Overige zakelijke dienstverlening, n.e.g.
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen