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 2 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PACARTHO from Wervik, company number BE0817037829, closed financial year 2025 with a result of € -7,819 after tax. For that financial year PACARTHO recorded a gross margin of € 16,669 and equity of € -6,922. Compared with financial year 2024, the result moved from € -33,912 to € -7,819. 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 27, 2026.
€ -6,922
▼ € 7,819 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7,819
▲ 77 % less loss than in 2024
Profit after tax over the fiscal year.
€ 7,465
▼ 82% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -13,122.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 123,624
▼ 39% vs 2024
€ 18,526 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 1,135
▼ 61% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 103
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 27,508 | € 103,577 | € -5,459 | € 16,669 | ▲ € 22,128 |
| Profit after taxes | € -3,957 | € 66,946 | € -33,912 | € -7,819 | ▲ € 26,093 |
| Equity | € -32,137 | € 34,809 | € 897 | € -6,922 | ▼ € 7,819 |
| Total debts | € 265,387 | € 228,075 | € 225,390 | € 158,237 | ▼ 30% |
| Cash | € 5,246 | € 58,301 | € 41,569 | € 7,465 | ▼ 82% |
| Land & buildings | € 211,213 | € 195,630 | € 180,046 | € 142,102 | ▼ 21% |
| Retained profit | € -38,337 | € 28,609 | € -5,303 | € -13,122 | ▼ € 7,819 |
| Bank debt | € 237,096 | € 219,616 | € 201,795 | € 123,624 | ▼ 39% |
| Balance sheet total | € 233,250 | € 262,884 | € 226,286 | € 151,315 | ▼ 33% |
Key figures of PACARTHO, 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 PACARTHO?
What happened at PACARTHO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 7,819. Source: NBB ↗
- THOMAS LECLUSE became a director. NBB
- New establishment in Wervik. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,957 loss in 2022 to € 7,819 loss in 2025.
Paid € 5,080 in corporate taxes since 2022.
Best year ever: 2023, with € 66,946 profit.
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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
Behind PACARTHO is THOMAS LECLUSE. THOMAS LECLUSE is also behind UNIBRICKS, BOUWADVIES EN -COÖRDINATIE, BRICKS FINANCIAL SERVICES, Bricks & Leisure Projectontwikkeling and EXPLOITATIEMAATSCHAPPIJ IBJ.
Directors
According to the 2025 annual accounts
THOMAS LECLUSE
Director
Also active at: UNIBRICKS, BOUWADVIES EN -COÖRDINATIE, BRICKS FINANCIAL SERVICES, Bricks & Leisure Projectontwikkeling, EXPLOITATIEMAATSCHAPPIJ IBJ, Exploitatiemaatschappij MHSL, Atratus, European Realty Company +5 more
since 2015
Establishments
Establishment units
Physical locations of this company
Hansbekestraat 46
8940 Wervik
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
FUTUREWEB-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0817.037.829
- VAT number
- BE 0817.037.829
- Registered office
- Hansbekestraat 46, 8940 Wervik
- Names & denominations
- PACARTHO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 July 2009
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- pacartho.be
- Activities · NACE
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