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 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PACE from Schelle, company number BE0786384542, closed financial year 2025 with a result of € 38,819 after tax. For that financial year PACE recorded a gross margin of € 63,105 and equity of € 90,590. Compared with financial year 2024, the result moved from € 18,207 to € 38,819. Profitable, and profit is growing. 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 June 8, 2026.
€ 90,590
▲ 75% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 38,819
▲ 113% vs 2024
Profit after tax over the fiscal year.
€ 7,518
▼ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 85,590.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 15,889
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 133,465
▼ 18% vs 2024
€ 47,283 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 267
▼ 88% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,984
▼ 31% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 58,880 | € 40,154 | € 63,105 | ▲ 57% |
| Profit after taxes | € 28,565 | € 18,207 | € 38,819 | ▲ 113% |
| Equity | € 33,565 | € 51,772 | € 90,590 | ▲ 75% |
| Total debts | € 219,757 | € 193,584 | € 152,971 | ▼ 21% |
| Cash | € 5,192 | € 7,591 | € 7,518 | ▼ 1% |
| Retained profit | € 28,565 | € 46,772 | € 85,590 | ▲ 83% |
| Bank debt | € 198,060 | € 163,084 | € 133,465 | ▼ 18% |
| Balance sheet total | € 253,322 | € 245,355 | € 243,561 | ▼ 1% |
Key figures of PACE, fiscal years 2023 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 PACE?
What happened at PACE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 38,819 (▲ 113% vs 2024). Source: NBB ↗
- New establishment in Schelle. KBO
- Paul JR Celis became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 28,565 profit in 2023 to € 38,819 profit in 2025.
Paid € 24,245 in corporate taxes since 2023.
Best year ever: 2025, with € 38,819 profit.
Management
Behind PACE is Paul JR Celis. It owns 32% of Niagara itself.
Directors
According to the 2025 annual accounts
since 2022
Establishments
Establishment units
Physical locations of this company
Kapelstraat 130
2627 Schelle
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0786.384.542
- VAT number
- BE 0786.384.542
- Registered office
- Kapelstraat 130, 2627 Schelle
- Names & denominations
- PACE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 May 2022
- Peppol
- Active · Active since 20 Nov 2025
- Activities · NACE
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