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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Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PAYMAN from Blankenberge, company number BE0476688979, closed financial year 2025 with a result of € -24,958 after tax. For that financial year PAYMAN recorded a gross margin of € 179,132 and equity of € -173,966. Compared with financial year 2024, the result moved from € 25,271 to € -24,958. 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 August 25, 2026.
€ -173,966
▼ € 24,958 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -24,958
▼ still € 25,271 profit in 2024
Profit after tax over the fiscal year.
€ 2,771
▼ 18% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -283,936.
People and assets in 2025
€ 151,286
▼ 4% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 16,232
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 13,051
▼ 61% vs 2024
Loans from banks and other lenders, long and short.
€ 55,560
▲ 105% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,137
▲ 54% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 200,673 | € 211,672 | € 233,591 | € 179,132 | ▼ 23% |
| Profit after taxes | € -9,138 | € -13,995 | € 25,271 | € -24,958 | ▼ € 50,229 |
| Equity | € -160,291 | € -174,278 | € -149,008 | € -173,966 | ▼ € 24,958 |
| Total debts | € 589,281 | € 522,298 | € 468,679 | € 484,020 | ▲ 3% |
| Cash | € 13,103 | € 14,531 | € 3,372 | € 2,771 | ▼ 18% |
| Land & buildings | € 289,782 | € 250,183 | € 210,584 | € 170,984 | ▼ 19% |
| Retained profit | € -270,254 | € -284,249 | € -258,978 | € -283,936 | ▼ € 24,958 |
| Bank debt | € 129,045 | € 81,817 | € 33,201 | € 13,051 | ▼ 61% |
| Balance sheet total | € 428,989 | € 348,020 | € 319,671 | € 310,055 | ▼ 3% |
Key figures of PAYMAN, 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 PAYMAN?
What happened at PAYMAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 24,958 (▼ € 50,229 vs 2024). filed late Source: NBB ↗
- Payam Mohamdzey became a director. NBB
- New establishment in Blankenberge. KBO
- Sorayia Eshaghzey became a director. NBB
- New establishment in Blankenberge. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,138 loss in 2022 to € 24,958 loss in 2025.
Best year ever: 2024, with € 25,271 profit.
Management
Behind PAYMAN are Sorayia Eshaghzey and Payam Mohamdzey.
Directors
According to the 2025 annual accounts
Sorayia Eshaghzey
Director
since 2022
Payam Mohamdzey
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Brugse Steenweg 69
8370 Blankenberge
Kerkstraat 406
8370 Blankenberge
Active since 1 March 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0476.688.979
- VAT number
- BE 0476.688.979
- Registered office
- Brugse Steenweg 69, 8370 Blankenberge
- Names & denominations
- PAYMAN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 January 2002
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
Huishoudelijke persoonlijke dienstverlening
Activiteiten van industriële wasserijen
Algemene reiniging van gebouwen
Groothandel in kleding, met uitzondering van werk- en onderkleding
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in schoeisel
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)
+7