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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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PAULAN from Zwalm, company number BE0737416467, closed financial year 2025 with a result of € 18,847 after tax. For that financial year PAULAN recorded a gross margin of € 33,029 and equity of € 82,892. Compared with financial year 2024, the result moved from € 18,504 to € 18,847. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 23, 2025.
€ 82,892
▲ 29% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18,847
▲ 2% vs 2024
Profit after tax over the fiscal year.
€ 5,398
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 32,892.
Debts at end 2025
€ 304,782
▼ 8% vs 2024
€ 30,009 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 4,844
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,328
▲ 172% 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 | |
|---|---|---|---|---|---|
| Gross margin | € 2,711 | € 33,094 | € 35,748 | € 33,029 | ▼ 8% |
| Profit after taxes | € -6,482 | € 22,776 | € 18,504 | € 18,847 | ▲ 2% |
| Equity | € 22,765 | € 45,541 | € 64,045 | € 82,892 | ▲ 29% |
| Total debts | € 564,666 | € 547,303 | € 526,455 | € 499,831 | ▼ 5% |
| Cash | € 2,122 | € 6,473 | € 5,416 | € 5,398 | |
| Land & buildings | € 555,039 | € 557,057 | € 557,057 | € 557,057 | |
| Retained profit | € -27,235 | € -4,459 | € 14,045 | € 32,892 | ▲ 134% |
| Bank debt | € 375,132 | € 352,900 | € 330,385 | € 304,782 | ▼ 8% |
| Balance sheet total | € 587,432 | € 592,844 | € 590,500 | € 582,723 | ▼ 1% |
Key figures of PAULAN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to PAULAN?
What happened at PAULAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 18,847 (▲ 2% vs 2024). Source: NBB ↗
- New establishment in Zwalm. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,482 loss in 2022 to € 18,847 profit in 2025.
Best year ever: 2023, with € 22,776 profit.
Management
Behind PAULAN are ERIC GLORIEUS, CHRISTINE DE KEGEL and ANNELIES GLORIEUS. The same people are also behind GLORIEUS.
Establishments
Establishment units
Physical locations of this company
Boekelbaan(SBB) 117
9630 Zwalm
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0737.416.467
- VAT number
- BE 0737.416.467
- Registered office
- Boekelbaan(SBB) 117, 9630 Zwalm
- Names & denominations
- PAULAN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 November 2019
- Peppol
- Active · Active since 22 Jul 2026
- Activities · NACE
Catering van evenementen
Organisatie van congressen en beurzen