PARALLEL
ActiveSummary
PARALLEL has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €574k and a net result of €72k. Equity remains stable across the filed fiscal years (±0.7% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability83=
Solvency66▲+4
Growth70▲+17
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity short (current ratio 0.37 against 2.68 in 2023; short-term debt: 5.2% of total assets), and 58.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €574k
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-08-2025, 1 day late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d late
2023
7 d early
2022
31 d early
2021
68 d early
2020
60 d early
2019
72 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€236k▲ 24.8%
2023 · €189k
2018: €161k
2019: €165k
2020: €152k
2021: €147k
2022: €120k
2023: €189k
2018 → 2024
EBIT margin
48.8%▲ 4.9pp
2023 · 44.0%
2018: 40.3%
2019: 47.2%
2020: 31.1%
2021: 25.3%
2022: 23.0%
2023: 44.0%
2018 → 2024
Net result
€72k▲ 32.1%
2023 · €55k
2018: €52k
2019: €48k
2020: €41k
2021: €23k
2022: €15k
2023: €55k
2018 → 2024
Working capital
€-45k
2023 · €147k
2018: €-23k
2019: €-22k
2020: €22k
2021: €74k
2022: €117k
2023: €147k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€152k-€147k▼ 3.8%€120k▼ 17.9%€189k▲ 57.5%€236k▲ 24.8%
Equity€516k-€514k▼ 0.5%€506k▼ 1.5%€502k▼ 0.8%€574k▲ 14.4%
Operating result€47k-€37k▼ 21.5%€28k▼ 25.3%€83k▲ 201%€115k▲ 38.6%
Net result€41k-€23k▼ 43.2%€15k▼ 34.2%€55k▲ 258%€72k▲ 32.1%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 39% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.39M
Fixed assets
€1.37M ▲ 23.8%
Current assets
€26k ▼ 88.8%
Equity and liabilities €1.39M
Equity
€574k ▲ 14.4%
Provisions
€49k ▼ 4.3%
Debt
€772k ▼ 2.0%
Debt's share of the balance-sheet total falls from 58.8% to 55.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€165k▲
2023 · €133k
Cash flow
€122k▲
2023 · €104k
Current ratio
0.37▼
2023 · 2.68
Debt to equity
1.34▼
2023 · 1.57
ROE
12.6%▲
2023 · 10.9%
ROA
5.2%▲
2023 · 4.1%
Interest coverage
7.85▼
2023 · 12.64
Debt ≤ 1 year
€72k▼
2023 · €88k
Debt > 1 year
€700k=
2023 · €700k
Income taxes
€27k▲
2023 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 57 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.34M€1.39M▲
Fixed assets21/28€1.11M€1.37M▲
Tangible fixed assets22/27€1.11M€1.37M▲
Land and buildings22€1.11M€1.37M▲
Current assets29/58€235k€26k▼
Amounts receivable within one year40/41€234k€8k▼
Other amounts receivable41€234k€8k▼
Deferred charges and accrued income490/1€1k€18k▲
Equity and liabilities
Total equity and liabilities10/49€1.34M€1.39M▲
Equity10/15€502k€574k▲
Contributions10/11€320k€320k=
Capital10€320k€320k=
Issued capital100€320k€320k=
Reserves13€182k€178k▼
Non-distributable reserves130/1€29k€32k▲
Legal reserve130€29k€32k▲
Tax-exempt reserves132€152k€146k▼
Profit (loss) carried forward14€354€77k▲
Provisions and deferred taxes16€51k€49k▼
Deferred taxes168€51k€49k▼
Amounts payable17/49€788k€772k▼
Amounts payable after more than one year17€700k€700k=
Financial debts170/4€700k€700k=
Other loans174€700k€700k=
Amounts payable within one year42/48€88k€72k▼
Trade debts44€15k€12k▼
Suppliers440/4€15k€12k▼
Taxes, remuneration and social security45€14k€26k▲
Taxes450/3€14k€26k▲
Other amounts payable47/48€59k€33k▼
Income statement
Code20232024
Operating income70/76A€189k€236k▲
Turnover70€189k€236k▲
Operating charges60/66A€106k€121k▲
Services and other goods61€54k€69k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€50k▲
Other operating charges640/8€2k€2k▼
Operating profit (loss)9901€83k€115k▲
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Income from current assets751€3k€3k▲
Financial charges65/66B€11k€21k▲
Recurring financial charges65€11k€21k▲
Debt charges650€11k€21k▲
Other financial charges652/9€271€301▲
Profit (loss) for the period before taxes9903€75k€97k▲
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€23k€27k▲
Taxes670/3€23k€27k▲
Profit (loss) for the period9904€55k€72k▲
Transfer from tax-exempt reserves789€7k€7k=
Profit (loss) for the period to be appropriated9905€61k€79k▲
Appropriation of the result
Profit (loss) to be appropriated9906€62k€79k▲
Profit (loss) brought forward from the previous period14P€996€354▼
Transfer to equity691/2€3k€3k▼
To the legal reserve6920€3k€3k▼
Profit to be distributed694/7€59k-
Return on contributions (dividend)694€59k-
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 1 day late
2024
31-12
Financial
Highest result since 2018net €72k ▲32.1%
Operating result €115k, net result €72k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €15k ▼34.2%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity doublescurrent ratio 2.69
Current ratio from 1.33 to 2.69; short-term debt falls from €66k to €44k.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
20-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Puurs-Sint-Amands · 1 establishment unit since 2001
Ground area
6.7 ha
Building footprint
4,465 m²
Volume, LiDAR
34,963 m³
Parcel 12008A0470/00Z000, Flanders · tallest building 21.4 m, ±2 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
Breendonk-Dorp 58, 2870 Puurs-Sint-Amands
since 20012.353.629.378
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12008A0470/00Z000 | Flanders | 6.7 ha | 1 · 4,465 m² | 21.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-12-1990
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.