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 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PAVICHI from Brugge, company number BE0874584959, closed financial year 2025 with a result of € 14,918 after tax. For that financial year PAVICHI recorded a gross margin of € 246,584 and equity of € 134,562. Compared with financial year 2024, the result moved from € 7,149 to € 14,918. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 134,562
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 14,918
▲ 109% vs 2024
Profit after tax over the fiscal year.
€ 82,693
▼ 33% 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 € -865,438.
Debts at end 2025
€ 1.7 million
▲ 17% vs 2024
€ 143,918 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 1,362
▲ 201% 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 | € 161,823 | € 175,280 | € 217,600 | € 246,584 | ▲ 13% |
| Profit after taxes | € -4,348 | € 3,585 | € 7,149 | € 14,918 | ▲ 109% |
| Equity | € 108,910 | € 112,495 | € 119,644 | € 134,562 | ▲ 12% |
| Total debts | € 2,352,888 | € 3,265,510 | € 3,015,171 | € 3,325,334 | ▲ 10% |
| Cash | € 13,335 | € 212,146 | € 124,056 | € 82,693 | ▼ 33% |
| Land & buildings | € 2,387,544 | € 3,124,187 | € 2,966,719 | € 3,366,685 | ▲ 13% |
| Retained profit | € -891,090 | € -887,505 | € -880,356 | € -865,438 | ▲ € 14,918 |
| Bank debt | € 916,023 | € 1,559,288 | € 1,453,710 | € 1,693,778 | ▲ 17% |
| Balance sheet total | € 2,461,798 | € 3,378,005 | € 3,134,815 | € 3,459,896 | ▲ 10% |
Key figures of PAVICHI, 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 PAVICHI?
What happened at PAVICHI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 14,918 (▲ 109% vs 2024). Source: NBB ↗
- Patrick Rosenhøj became a director. NBB
- New establishment in Brugge. KBO
- Türkan Rosenhøj became a director. NBB
- John Asbjørn Rosenhøj became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 4,348 loss in 2022 to € 14,918 profit in 2025.
Best year ever: 2025, with € 14,918 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
The stake of SMART A.C. comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PAVICHIBehind PAVICHI are Türkan Rosenhøj, Patrick Rosenhøj and John Asbjørn Rosenhøj. The shares are held by SMART A.C. (20%).
Directors
According to the 2025 annual accounts
since 2005
since 2009
since 2005
Shareholders
20%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Cordoeaniersstraat 5
8000 Brugge
Coupure 30
8000 Brugge
Active since 21 June 2005
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0874.584.959
- VAT number
- BE 0874.584.959
- Registered office
- Cordoeaniersstraat 5, 8000 Brugge
- Names & denominations
- PAVICHI
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 June 2005
- Peppol
- Active · Active since 25 Feb 2026
- Activities · NACE
Activiteiten van holdings
Holdings
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen