Equity
€62,767 from €149,128 in 2020
Equity fell by 58% in 5 years.
PARNASSIA
Lifetime
20 annual accounts with figures on one time axis, 27 filings since 1999peak €83,118 (2009)
€72,830▲ 302%
lowest -€50,610 (2024)
-€2,434▲ €48,176
peak €149,128 (2020)
€62,767▼ 3.7%
€250,678▼ 2.2%
peak 1 FTE (2008)
-not published
Board2 names since 2021
2 directorsDESMEDT,Geert Amelia August and 1 other
Documentsfilings and deeds
30-10-202691 days late
2025micro format
Gross margin from €18,107 to €72,830Loss of €2,434Cash from €15,675 to €9,037
Key points
from the 2025 annual accountsLosses
-€79,373 in five years
Every financial year from 2021 to 2025 closed with a loss. 2024 was the heaviest.
Turnover
≈ €220,000 estimated
The micro format states no turnover.
Debts
€250,678 80% of the balance sheet
Financial debts 66%Suppliers 8%Taxes and wages 3%Other 23%
Of this, €85,718 falls due within a year.
Filings
27 annual accounts 91 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€2,434
Lower net result than 81% of companies in civil engineering. Sector median €12,006 · 1,259 companies.
Checked score
54
Fair
Financially stronger than 30% of micro companies in civil engineering (NACE 42)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.8% across 1,866 companies (NACE 42, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025lowest value
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025
09-2025: 0.6%▲ +0.1 percentage points vs 08-2025
10-2025: 0.9%▲ +0.3 percentage points vs 09-2025
11-2025: 1.6%▲ +0.7 percentage points vs 10-2025
12-2025: 1.6%● unchanged vs 11-2025
01-2026: 1.5%▼ -0.1 percentage points vs 12-2025
02-2026: 1.5%● unchanged vs 01-2026
03-2026: 1.5%● unchanged vs 02-2026
04-2026: 1.5%● unchanged vs 03-2026
05-2026: 1.5%● unchanged vs 04-2026
06-2026: 1.5%● unchanged vs 05-2026
07-2026: 1.6%▲ +0.1 percentage points vs 06-2026
08-2026: 2.2%▲ +0.6 percentage points vs 07-2026
09-2026: 2.4%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 1.1%▼ -1.3 percentage points vs 09-2026
11-2026: 1.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Last filed accounts filed 91 days late; 2 of the last 3 accounts late
Liquidity: current ratio 0.91, cash €9,037
lowers risk
Founded in 1999
Size: total assets €313,445
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, micro). It does better than 23% of them on solvency, 37% on liquidity, 30% on profitability and 31% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,450 companies had the same profile as PARNASSIA has now. Each dot stands for 7 companies, two years later.
93.2%
were still trading
5.0%
stopped another way
1.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PARNASSIA itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,450 companies, not a prediction for PARNASSIA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €3,000 on 30-day terms, only on tighter conditions: the latest accounts were filed more than 90 days after the deadline
Liquidity is insufficient, with a current ratio of 0.91 (0.67 in 2024), below 1. Short-term debt is 27.3% and cash 2.9% of total assets. 80% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2,434
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 1263 sector peers (2025).
NBB · sector comparisonPosition among 1263 sector peers
Solvency
better than 22%
← weakest
strongest →
raises risk · 2025 accounts filed 91 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-10-2026, 91 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
91 days late
2024
92 days late
2023
29 days late
2022
30 days late
2021
31 days late
2020
115 days late
2019
105 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 70 days after the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 60 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0465745993
Changes of role: DESMEDT, Geert Amelia August (director) and VANVOLSEM, Helena Marie Cecilia (director)
Gazette deed
First establishment
Vogelenzangstraat 123, Kortenberg
Incorporation
published on 08-04-1999 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PARNASSIA Kortenberg | €313,445 | €72,830 | 20.0% | - |
| EMS Merelbeke-Melle | €298,869 | €59,547 | 70.7% | - |
| EUROPOWER PIPING Pelt | €305,379 | €88,525 | -49.2% | - |
| Elektro Herman Tervuren | €425,262 | €50,117 | 93.2% | - |
| H & S BESTRATINGEN Kinrooi | €325,972 | €66,244 | 88.6% | - |
| AQUALICE Ixelles | €450,505 | €72,810 | 16.6% | - |
| STEVENS F Ghent | €211,233 | €80,675 | 80.2% | - |
These companies have the same main activity as PARNASSIA: construction of utility projects for electricity and telecommunications (NACE 42220). They are comparable in size and age: total assets between €211,000 and €451,000, founded between 1998 and 2006.
Official details
Source: KBO- Status
- Active since 30-03-1999Normal situation
- Activity
- Construction of utility projects for electricity and telecommunicationsNACE 42220and 2 others
- Establishment unit
- 2.090.980.2033070 Kortenberg, since 05-05-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 14-07-2025
Insights on PARNASSIA
PARNASSIA files the micro format. That format states no turnover. The gross margin rose from €44,928 in 2006 to €72,830 in 2025.
The balance sheet grew most in 2023 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PARNASSIA
- What is the company number of PARNASSIA?
- The company number of PARNASSIA is 0465.745.993. The VAT number is the same number with BE in front: BE 0465.745.993.
- Where is PARNASSIA based?
- The registered office is at Vogelenzangstraat 123, 3070 Kortenberg.Company details
- What does PARNASSIA do?
- According to the KBO register, the main activity is construction of utility projects for electricity and telecommunications (NACE 42220).
- What is the legal form of PARNASSIA?
- PARNASSIA is a private limited company (BV).
- When was PARNASSIA founded?
- PARNASSIA was founded on 30-03-1999.
- Is PARNASSIA still active?
- Yes, PARNASSIA is an active enterprise in the KBO register.
- How many employees does PARNASSIA have?
- PARNASSIA had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of PARNASSIA?
- The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €72,830 and 2,666 comparable companies of the same size. It probably lies between €140,000 and €380,000. It is a rough estimate.
- Is PARNASSIA profitable?
- In financial year 2025, PARNASSIA made a loss of €2,434.
- Where can I find the annual accounts of PARNASSIA?
- PARNASSIA filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PARNASSIA due?
- PARNASSIA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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