Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2025 and 2026.
-
Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2026; threshold 65 %.
-
Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2026
PAZ from Oostende, company number BE0700393052, closed financial year 2026 with a result of € -16,032 after tax. For that financial year PAZ recorded a gross margin of € 16,676 and equity of € -69,651. Compared with financial year 2025, the result moved from € -18,624 to € -16,032. 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 September 21, 2026.
€ -69,651
▼ € 16,032 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -16,032
▲ 14 % less loss than in 2025
Profit after tax over the fiscal year.
€ 815
▲ 217% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -103,051.
People and assets in 2026
€ 644
▼ 50% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 208,143
▼ 8% vs 2025
€ 17,466 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 1,944
▲ 99% vs 2025
Supplier invoices still open on the last day of the fiscal year.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 4,569 | € 5,547 | € 11,617 | € 16,676 | ▲ 44% |
| Profit after taxes | € -20,023 | € -18,983 | € -18,624 | € -16,032 | ▲ € 2,592 |
| Equity | € -16,012 | € -34,995 | € -53,619 | € -69,651 | ▼ € 16,032 |
| Total debts | € 391,001 | € 392,426 | € 389,900 | € 388,500 | |
| Cash | € 1,060 | € 2,075 | € 257 | € 815 | ▲ 217% |
| Land & buildings | € 364,370 | € 348,038 | € 331,706 | € 315,374 | ▼ 5% |
| Retained profit | € -49,412 | € -68,395 | € -87,019 | € -103,051 | ▼ € 16,032 |
| Bank debt | € 258,686 | € 242,197 | € 225,363 | € 208,143 | ▼ 8% |
| Balance sheet total | € 374,989 | € 357,431 | € 336,281 | € 318,848 | ▼ 5% |
Key figures of PAZ, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to PAZ?
What happened at PAZ in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 16,032. Source: NBB ↗
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 20,023 loss in 2023 to € 16,032 loss in 2026.
A new publication or filing at PAZ? We notify you, reason included.
Follow PAZDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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 PAZ are Lien Hagers, Frederique Lessire, Tim Philippé and Wouter Gunst.
Directors
According to the 2026 annual accounts
Lien Hagers
Administrator-manager
Frederique Lessire
Administrator-manager
Tim Philippé
Administrator-manager
Wouter Gunst
Managing director
Establishments
Establishment units
Physical locations of this company
Godtschalckstraat 2 box 101
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0700.393.052
- VAT number
- BE 0700.393.052
- Registered office
- Godtschalckstraat 2 bus 101, 8400 Oostende
- Names & denominations
- PAZ
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 25 July 2018
- Peppol
- Not registered