Turnover
≈ €280,000 estimated
The micro format states no turnover.
Par'azaar
Lifetime
1 annual account with figurespeak €22,295 (2025)
€22,295
peak €14,394 (2025)
€14,394
peak €19,394 (2025)
€19,394
€43,980
Board3 names since 2025
1 directorARICKX Thomas Johan Jan
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Resignation: Yana Buttenaere (director) 30-10Incorporation 21-021 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsStarting capital
€5,000 100 shares
2025 accounts filed 31 days after the deadline
Checked score
55
Fair
Financially stronger than 68% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,791 companies (NACE 56, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
03-2026: 3.9%
04-2026: 3.9%● unchanged vs 03-2026
05-2026: 4.1%▲ +0.2 percentage points vs 04-2026
06-2026: 4.4%▲ +0.3 percentage points vs 05-2026
07-2026: 4.6%▲ +0.2 percentage points vs 06-2026
08-2026: 4.9%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 1.9%▼ -3.0 percentage points vs 08-2026lowest value
10-2026: 2.0%▲ +0.1 percentage points vs 09-2026
11-2026: 2.0%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Founded in 2025
Size: total assets €63,373
lowers risk
Liquidity: current ratio 1.29, cash €49,569
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 56, micro). It does better than 51% of them on solvency, 67% on liquidity and 84% on profitability.
The bankruptcy probability was computed on 10-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 11,279 companies had the same profile as Par'azaar has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of Par'azaar itself is higher: 2.0% within 12 months. It rests on far more data about Par'azaar than the profile alone.
Test of the method
The method was tested on the 497,448 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 11,279 companies, not a prediction for Par'azaar. 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 €1,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.29, below the usual 1.5. Short-term debt is 69.4% and cash 78.2% of total assets. 69.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
31 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- ARICKX Thomas Johan Jan founderdeed of 21-02-2025
- BUTTENAERE Yana Rosemie founderdeed of 21-02-2025
Recent changes
Resignation: Yana Buttenaere (director)
Director discharge: Yana Buttenaere · General meeting of 19-02-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1020192154
Incorporation
Founding capital of €5,000 · Founders: ARICKX Thomas Johan Jan and BUTTENAERE Yana Rosemie · Appointments: ARICKX Thomas Johan Jan (director) and BUTTENAERE Yana Rosemie (director) · published on 21-02-2025 · Gazette deed
First establishment
Kortrijksestraat 68, Kortrijk
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Par'azaar Kortrijk | €63,373 | €22,295 | 30.6% | - |
| L'Atelier Devreux La Hulpe | €71,931 | €24,264 | 16.9% | - |
| NAHM SPIRIT Grimbergen | €62,698 | €18,257 | -48.1% | - |
| PAN QIAO Brussels | €62,618 | €27,451 | 12.6% | - |
| STINO Aalst | €60,603 | €28,690 | 41.8% | - |
| Woody Sweetlove Ostend | €79,032 | €33,832 | 29.3% | - |
| 7FOY Onhaye | €78,567 | €28,523 | 24.9% | - |
These companies have the same main activity as Par'azaar: event catering (NACE 56210). They are comparable in size and age: total assets between €60,600 and €79,000, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 19-02-2025Normal situation
- Activity
- Event cateringNACE 56210and 3 others
- Establishment unit
- 2.370.361.3838501 Kortrijk, since 19-02-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 26-02-2025
Insights on Par'azaar
The computed 12-month bankruptcy probability of Par'azaar is 2.0% (moderate). The 2025 annual accounts show equity of €19,394 and a net result of €14,394.
Its solvency ranks better than 51% of 17,158 sector peers (NACE 56, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
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 Par'azaar
- What is the company number of Par'azaar?
- The company number of Par'azaar is 1020.192.154. The VAT number is the same number with BE in front: BE 1020.192.154.
- Where is Par'azaar based?
- The registered office is at Kortrijksestraat 68, 8501 Kortrijk.Company details
- What does Par'azaar do?
- According to the KBO register, the main activity is event catering (NACE 56210).
- What is the legal form of Par'azaar?
- Par'azaar is a private limited company (BV).
- When was Par'azaar founded?
- Par'azaar was founded on 19-02-2025.
- Is Par'azaar still active?
- Yes, Par'azaar is an active enterprise in the KBO register.
- What is the turnover of Par'azaar?
- The turnover in financial year 2025 is ≈ €280,000. This figure is estimated from the gross margin of €22,295 and 30 comparable companies (NACE 562). It probably lies between €180,000 and €540,000. It is a rough estimate.Financials
- Is Par'azaar profitable?
- In financial year 2025, Par'azaar made a profit of €14,394.
- Where can I find the annual accounts of Par'azaar?
- Par'azaar filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark Estimate what this company is worth.Value indication
See how customers, suppliers and banks see your own company and what to improve first.