PARK IMMO · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

For the legal form of PARK IMMO, Checked does not compute a bankruptcy probability. The 2023 annual accounts show equity of €1.09M and a net result of €129k. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 68% of 663 sector peers (fiscal year 2023). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2022 and 2023).

View the result trend

Growing equity

Equity grew over 2021-2023. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 381 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

A punctual record breaks

This company filed 9 consecutive financial years on time. The year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 days 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.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	30-08-2024	30 d late	2024-00410076
31-12-2022	31-07-2023	31-07-2023	on the day	2023-00292312
31-12-2021	31-07-2022	29-07-2022	2 d early	2022-20244901
31-12-2020	31-07-2021	27-07-2021	4 d early	2021-41100028
31-12-2019	31-07-2020	11-06-2020	50 d early	2020-16400149
31-12-2018	31-07-2019	25-07-2019	6 d early	2019-38500166
31-12-2017	31-07-2018	09-07-2018	22 d early	2018-30800375
31-12-2016	31-07-2017	12-07-2017	19 d early	2017-30700057
31-12-2015	31-07-2016	12-07-2016	19 d early	2016-30700448
31-12-2014	31-07-2015	30-06-2015	31 d early	2015-24800387

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 2006, 20 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

For this legal form (e.g. co-owners' association, public body or foreign branch) we don't show a bankruptcy probability: some of these forms legally cannot go bankrupt and no reliable figure is possible here.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€129k+19.6%

Working capital€-1.23M

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 30-08-2024 with the NBB · fiscal year 2023 · volledig

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~8.1%/year over 6 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2023 · NACE 68, Real estate activities · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	42.8%	16.5%	better than 68% of 663 sector peers
Net result	€129k	€-1k	better than 81% of 659 sector peers
Equity	€1.09M	€151k	better than 71% of 663 sector peers
Gross operating margin	€449k	€46k	better than 85% of 505 sector peers
Staff costs	€791	€97k	higher than 7% of 134 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P68

Improving position over 2020-2023 · n=285-663

Net result P81

Improving position over 2020-2023 · n=284-659

Equity P71

Improving position over 2020-2023 · n=286-663

Gross operating margin P85

Improving position over 2020-2023 · n=189-505

Describes the position versus peers, not a forecast.

EBITDA

€333k

+37.0% 18-23

Net profit

€129k

+19.6% 18-23

Cash flow

€224k

+29.2% 18-23

Total assets

€2.55M

-2.7% 18-23

Equity

€1.09M

+13.4% 18-23

Working capital

€-1.23M

- 18-23

Employees (FTE)

1

0.0% 18-23

Staff costs

€791

-96.6% 18-23

Show 12 other metrics

Income taxes

€44k

+19.8% 18-23

Dividends

€25k

- 18-23

Debt

€1.46M

-12.1% 18-23

Debt ≤ 1y

€1.41M

+192.2% 18-23

Debt > 1y

€46k

-96.1% 18-23

Current ratio

0.13

-88.8% 18-23

Quick ratio

0.13

-88.8% 18-23

Solvency

42.8%

+16.6% 18-23

Debt / equity

1.34

-22.5% 18-23

ROE

11.8%

+5.4% 18-23

ROA

5.1%

+22.9% 18-23

Interest coverage

5.10

-28.8% 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	volledig
Revenue	-
EBITDA	€333k
Net profit	€129k
Cash flow	€224k
Staff costs	€791
Income taxes	€44k
Dividends	-
Total assets	€2.55M
Equity	€1.09M
Debt	€1.46M
of which ≤ 1y	€1.41M
of which > 1y	€46k
Working capital	€-1.23M
Employees (FTE)	0.7

Ratios (computed)

	2023
Current ratio	0.13
Quick ratio	0.13
Working capital ratio	-48.4%
Solvency	42.8%
Debt / equity	1.34
Long-term debt ratio	0.04
Interest coverage	5.10
Gross margin	-
Net margin	-
ROA	5.1%
ROE	11.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €2.37M · 93.0% Current assets €178k · 7.0%

Equity & liabilities

Equity €1.09M · 42.8% Debt €1.46M · 57.2%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.55M
Fixed assets	21/28	€2.37M
Tangible fixed assets	22/27	€2.37M
Financial fixed assets	28	€1k
Current assets	29/58	€178k
Amounts receivable within one year	40/41	€51k
Cash & bank	54/58	€125k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.55M
Equity	10/15	€1.09M
Contributions / capital	10/11	€157k
Reserves	13	€145k
Accumulated profits (losses)	14	€790k
Amounts payable	17/49	€1.46M
Amounts payable after one year	17	€46k
Amounts payable within one year	42/48	€1.41M
Trade debts payable within one year	44	€9k
Income statement
Gross operating margin	9900	€449k
Operating result	9901	€237k
Financial income	75	€824
Financial charges	65	€65k
Result before taxes	9903	€173k
Income taxes	67/77	€44k
Net result for the period	9904	€129k
Result to be appropriated	9905	€129k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2023 · computed

64 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

Cannot be placed on the map

The registered office is abroad (France). The address register our map runs on (BOSA BEST) covers Belgian addresses only.

Rue des Verdiers 35059390 Lys-Lez-LannoyFrance

Establishment units

1 location

Rue de la Terre à Briques(MAR) 29, 7522 Tournai

Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

since 20062.156.917.833

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area7,436 m²

Buildings1

Building footprint2,158 m²

Volume (LiDAR)16,577 m³

Tallest building13.7 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)