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 18 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PAULUC from Grâce-Hollogne, company number BE0786744927, closed financial year 2025 with a result of € 468,961 after tax. For that financial year PAULUC recorded a gross margin of € 197,676 and equity of € 355,258. Compared with financial year 2024, the result moved from € 65,241 to € 468,961. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on March 18, 2026.
€ 355,258
▲ 161% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 468,961
▲ € 403,720 vs 2024
Profit after tax over the fiscal year.
€ 24,931
Cash and bank balances on the last day of the fiscal year.
€ 250,000 paid out
53 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 411,906
▼ 20% vs 2024
€ 108,006 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 8,128
Supplier invoices still open on the last day of the fiscal year.
€ 10,096
▼ 73% 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 | € 88,376 | € 153,356 | € 113,967 | € 197,676 | ▲ 73% |
| Profit after taxes | € 110,642 | € 99,914 | € 65,241 | € 468,961 | ▲ € 403,720 |
| Equity | € 113,642 | € 213,556 | € 136,297 | € 355,258 | ▲ 161% |
| Total debts | € 969,239 | € 854,114 | € 887,163 | € 718,266 | ▼ 19% |
| Cash | € 22,337 | € 57,670 | - | € 24,931 | |
| Retained profit | € 110,642 | € 210,556 | € 133,297 | € 352,258 | ▲ 164% |
| Dividend | € 0 | € 0 | € 142,500 | € 250,000 | ▲ 75% |
| Bank debt | € 717,650 | € 618,693 | € 516,807 | € 411,906 | ▼ 20% |
| Balance sheet total | € 1,082,881 | € 1,067,670 | € 1,023,460 | € 1,073,524 | ▲ 5% |
Key figures of PAULUC, 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 PAULUC?
What happened at PAULUC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 468,961 (▲ € 403,720 vs 2024). Source: NBB ↗
- New establishment in Grâce-Hollogne. KBO
- Jean GHEUR became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 110,642 profit in 2022 to € 468,961 profit in 2025.
Paid € 118,758 in corporate taxes since 2022.
Best year ever: 2025, with € 468,961 profit.
Paid out € 392,500 in dividends to the owners in total.
Management
Behind PAULUC is Jean GHEUR. It owns 50% of CORDERIE BAUWENS-GHEUR itself.
Directors
According to the 2025 annual accounts
since 2022
Establishments
Establishment units
Physical locations of this company
Rue des Ateliers Smulders 15
4460 Grâce-Hollogne
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
- 0786.744.927
- VAT number
- BE 0786.744.927
- Registered office
- Rue des Ateliers Smulders 15, 4460 Grâce-Hollogne
- Names & denominations
- PAULUC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 June 2022
- Peppol
- Active · Active since 8 Dec 2025
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering