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 1 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
18 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PAGS from Anderlecht, company number BE0761801376, closed financial year 2025 with a result of € -216,446 after tax. For that financial year PAGS recorded a gross margin of € -91,386 and equity of € -203,975. Compared with financial year 2024, the result moved from € -187,998 to € -216,446. 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 July 8, 2026.
€ -203,975
▼ € 216,446 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -216,446
▼ 15 % more loss than in 2024
Profit after tax over the fiscal year.
€ 118,389
▲ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -823,864.
Debts at end 2025
€ 562,200
▲ 54% vs 2024
€ 44,227 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 24,279
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -183,112 | € -126,971 | € -99,066 | € -91,386 | ▲ € 7,680 |
| Profit after taxes | € -195,711 | € -162,161 | € -187,998 | € -216,446 | ▼ € 28,448 |
| Equity | € 762,620 | € 200,469 | € 12,471 | € -203,975 | ▼ € 216,446 |
| Total debts | € 106,361 | € 173,053 | € 418,300 | € 666,271 | ▲ 59% |
| Cash | € 350,807 | € 161,201 | € 108,603 | € 118,389 | ▲ 9% |
| Retained profit | € -257,259 | € -419,420 | € -607,418 | € -823,864 | ▼ € 216,446 |
| Bank debt | € 0 | € 137,995 | € 364,944 | € 562,200 | ▲ 54% |
| Balance sheet total | € 868,981 | € 373,521 | € 430,771 | € 462,296 | ▲ 7% |
Key figures of PAGS, 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 PAGS?
What happened at PAGS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 216,446. Source: NBB ↗
- Reynald JACOBS became a director. NBB
- New establishment in Anderlecht. KBO
- Feliciea JIBSON became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 195,711 loss in 2022 to € 216,446 loss in 2025.
Paid € 204 in corporate taxes since 2022.
A new publication or filing at PAGS? We notify you, reason included.
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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
The stake of E-HEALTH VENTURE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PAGSBehind PAGS are Reynald JACOBS and Feliciea JIBSON. The shares are held by E-HEALTH VENTURE (5%).
Directors
According to the 2025 annual accounts
Reynald JACOBS
Director
since 2025
Feliciea JIBSON
Director
since 2021
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Researchdreef 10
1070 Anderlecht
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 18 companies are registered at this address.
All companies at this address →FORUM VLAAMSE LONGARTSEN
MV CONSULT
€ 80,701 gross margin · 2025
Belgian Respiratory Society
CAPITAL OF EUROPE REAL ESTATE
€ 257,792 gross margin · 2025
WEBFORCE BENELUX
€ 751,380 gross margin · 2025
+13 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0761.801.376
- VAT number
- BE 0761.801.376
- Registered office
- Researchdreef 10, 1070 Anderlecht
- Names & denominations
- PAGS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 January 2021
- Peppol
- Active · Active since 16 Mar 2026
- Activities · NACE
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