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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Busy address KBO
28 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
PAGACE from Oudergem, company number BE0838324973, closed financial year 2024 with a result of € 119,322 after tax. For that financial year PAGACE recorded a gross margin of € -50,297 and equity of € 5.3 million. Compared with financial year 2023, the result moved from € 709,604 to € 119,322. The company is profitable. 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 September 30, 2025.
€ 5.3 million
▲ 2% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 119,322
▼ 83% vs 2023
Profit after tax over the fiscal year.
€ 66,729
▼ 61% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 4.4 million.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 32,535
▼ 94% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 1,640
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -5,739 | € -125,236 | € 666,230 | € -50,297 | ▼ € 716,527 |
| Profit after taxes | € 18,907 | € -125,781 | € 709,604 | € 119,322 | ▼ 83% |
| Equity | € 5,064,811 | € 4,939,030 | € 5,148,634 | € 5,267,957 | ▲ 2% |
| Total debts | € 49,920 | € 49,884 | € 1,083,749 | € 34,177 | ▼ 97% |
| Cash | € 918,992 | € 912,308 | € 171,256 | € 66,729 | ▼ 61% |
| Retained profit | € 4,203,811 | € 4,078,030 | € 4,287,634 | € 4,406,957 | ▲ 3% |
| Dividend | € 0 | € 0 | € 500,000 | € 0 | ▼ 100% |
| Balance sheet total | € 5,114,731 | € 4,988,914 | € 6,232,383 | € 5,302,134 | ▼ 15% |
Key figures of PAGACE, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to PAGACE?
What happened at PAGACE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- WILMARC INVEST NV stepped down as director. NBB
- Arfides NV stepped down as director. NBB
- REAL ESTATE SOLUTIONS BV stepped down as director. NBB
- CEDCO BV stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 119,322 (▼ 83% vs 2023). filed late Source: NBB ↗
- WILMARC INVEST NV became a director. NBB
- Arfides NV became a director. NBB
- REAL ESTATE SOLUTIONS BV became a director. NBB
In short
From € 18,907 profit in 2021 to € 119,322 profit in 2024.
Paid € 41,535 in corporate taxes since 2021.
Best year ever: 2023, with € 709,604 profit.
Paid out € 500,000 in dividends to the owners in total.
A new publication or filing at PAGACE? 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 shares are held by WILMARC INVEST (60%) and SODEGIM (40%).
Directors
According to the 2024 annual accounts
Managing director · represented by Marc PAELEMAN
Owns 20.8% via SODEGIM
Also active at: Advies- en ingenieursbureau WILMARC, Immobiliën Oostduinkerke, SKYLINE PROJECTS, GRIMMO, DOMUS MARCUS, PARC RESIDENCES, DE WIELINGEN DEVELOPMENT, BOOMGAARDE PROJECTS +10 more
since 2023 · until 2029
Director · represented by Stefan PAELEMAN
Also active at: SHIPSHOP NIEUWPOORT, WILMARC INVEST, SKYLINE PROJECTS, GRIMMO, GANDS, PARC RESIDENCES, URBAN LIVING PROJECT MANAGEMENT, Canalis Invest +43 more
since 2023 · until 2029
Director · represented by Bart PAELEMAN
Also active at: SHIPSHOP NIEUWPOORT, WILMARC INVEST, SKYLINE PROJECTS, GRIMMO, BESSENVELD 3, BESSENVELD 2, GANDS, BESSENVELD 4 +35 more
since 2023 · until 2029
Managing director · represented by Cedric HEEREN
Owns 19.2% via SODEGIM
Also active at: RECREATIE- EN CONGRESHOTEL TER ELST, BESSENVELD 3, BESSENVELD 2, BESSENVELD 4, BESSENVELD 1, PROJECT BESSENVELD, HOLDCO TER ELST, SODEGIM
since 2023 · until 2029
Shareholders
60%
SODEGIM · holding of CEDCO BV
40%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vorstlaan 292
1160 Oudergem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 28 companies are registered at this address.
All companies at this address →SHIPSHOP NIEUWPOORT same network
€ 26,074 gross margin · 2024
Advies- en ingenieursbureau WILMARC same network
€ 542,756 gross margin · 2024
Immobiliën Oostduinkerke same network
€ -1,108 gross margin · 2025
WILMARC INVEST same network
€ 1 million revenue · 2024
SKYLINE PROJECTS same network
€ -104,653 gross margin · 2024
+23 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
- 0838.324.973
- VAT number
- BE 0838.324.973
- Registered office
- Vorstlaan 292, 1160 Oudergem
- Names & denominations
- PAGACE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 August 2011
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Handel in eigen onroerend goed