Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2024; threshold 65 %.
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Annual account missing NBB
Fiscal year 2025 was expected before 30 April 2026 and has not been filed.
Financials
Financial year 2024
PAY SERVICE from Ukkel, company number BE0508465684, closed financial year 2024 with a result of € 14,026 after tax. For that financial year PAY SERVICE recorded a gross margin of € 33,845 and equity of € 132,704. Compared with financial year 2023, the result moved from € 23,640 to € 14,026. The company is profitable. 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 May 8, 2025.
€ 132,704
▲ 3% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 14,026
▼ 41% vs 2023
Profit after tax over the fiscal year.
€ 402
▼ 96% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 10,000 paid out
71 % of the profit went to the shareholders, mostly to GGMA. 10-SIGN (50 % of the shares). That is where the money ends up.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2024
€ 38,023
▼ 77% vs 2023
€ 6,004 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 37,335
▲ 36% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 3,154
▼ 72% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 12,317 | € 6,821 | € 32,399 | € 33,845 | ▲ 4% |
| Profit after taxes | € 9,176 | € 2,212 | € 23,640 | € 14,026 | ▼ 41% |
| Equity | € 117,826 | € 120,038 | € 128,678 | € 132,704 | ▲ 3% |
| Total debts | € 255,464 | € 267,289 | € 266,955 | € 124,925 | ▼ 53% |
| Cash | € 1,321 | € 5,296 | € 9,863 | € 402 | ▼ 96% |
| Land & buildings | € 151,500 | € 182,754 | € 181,454 | € 180,154 | ▼ 1% |
| Retained profit | € 99,226 | € 101,438 | € 110,078 | € 114,104 | ▲ 4% |
| Dividend | € 0 | € 0 | € 15,000 | € 10,000 | ▼ 33% |
| Bank debt | € 155,668 | € 169,317 | € 167,177 | € 38,023 | ▼ 77% |
| Balance sheet total | € 373,290 | € 387,327 | € 395,633 | € 257,629 | ▼ 35% |
Key figures of PAY SERVICE, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 30 April 2026.
What happened to PAY SERVICE?
What happened at PAY SERVICE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 14,026 (▼ 41% vs 2023). filed late Source: NBB ↗
- New establishment in Vorst. KBO
- Youssef Anbry became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 9,176 profit in 2021 to € 14,026 profit in 2024.
Paid € 7,385 in corporate taxes since 2021.
Best year ever: 2023, with € 23,640 profit.
Paid out € 25,000 in dividends to the owners in total.
Management
The stake of GGMA. 10-SIGN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PAY SERVICEBehind PAY SERVICE is Youssef Anbry. The shares are held by GGMA. 10-SIGN (50%).
Directors
According to the 2024 annual accounts
since 2020
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Borreweg 69
1180 Ukkel
Meloenstraat 24 box 3
1190 Vorst
Active since 1 July 2021
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
- 0508.465.684
- VAT number
- BE 0508.465.684
- Registered office
- Borreweg 69, 1180 Ukkel
- Names & denominations
- PAY SERVICE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 December 2012
- Peppol
- Active · Active since 22 Sept 2026
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