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Par'azaar

Active
Private limited companyfounded 20251 yr activeKortrijksestraat(Heu) 68, 8501 Kortrijk, BelgiumKBO/BCE: BE 1020.192.154
Summary

The computed 12-month bankruptcy probability of Par'azaar is 2.5% (moderate). The 2025 annual accounts show equity of €19,394 and a net result of €14,394. Its solvency ranks better than 50% of 13484 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability97
Solvency56
Growth-
Track record67
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.29; short-term debt: 69.4% and cash: 78.2% of total assets), and 69.4% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
30.6%
Return on assets
22.7%
Age of the figures
9 mo
neutral · Filed after the deadline
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2025
31 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Par'azaar was incorporated on 19 February 2025 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€19,394
Total assets
€63,373
Net result
€14,394
Working capital
€12,878

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €63,373
Fixed assets €6,516
Current assets €56,858
Equity and liabilities €63,373
Equity €19,394
Debt €43,980
Debt finances 69.4% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€21,827
Cash flow
€14,469
Current ratio
1.29
Debt to equity
2.27
ROE
74.2%
ROA
22.7%
Interest coverage
23.07
Debt ≤ 1 year
€43,980
Income taxes
€7,219
Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 37 lines
Balance sheet Code2025
Assets
Total assets20/58€63,373
Fixed assets21/28€6,516
Tangible fixed assets22/27€6,460
Plant, machinery and equipment23€3,962
Furniture and vehicles24€2,498
Financial fixed assets28€56
Current assets29/58€56,858
Amounts receivable within one year40/41€7,289
Trade receivables40€3,126
Other amounts receivable41€4,163
Cash at bank and in hand54/58€49,569
Equity and liabilities
Total equity and liabilities10/49€63,373
Equity10/15€19,394
Contributions10/11€5,000
Reserves13€14,394
Distributable reserves133€14,394
Amounts payable17/49€43,980
Amounts payable within one year42/48€43,980
Trade debts44€36,761
Suppliers440/4€36,761
Taxes, remuneration and social security45€7,219
Taxes450/3€7,219
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76
Other operating charges640/8€468
Gross operating margin9900€22,295
Operating profit (loss)9901€21,751
Financial income75/76B€808
Recurring financial income75€808
Financial charges65/66B€946
Recurring financial charges65€946
Profit (loss) for the period before taxes9903€21,613
Income taxes67/77€7,219
Profit (loss) for the period9904€14,394
Profit (loss) for the period to be appropriated9905€14,394
Appropriation of the result
Profit (loss) to be appropriated9906€14,394
Transfer to equity691/2€14,394
To other reserves6921€14,394

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76
Other operating charges640/8€468
Gross operating margin9900€22,295
Operating profit (loss)9901€21,751
Financial income75/76B€808
Recurring financial income75€808
Financial charges65/66B€946
Recurring financial charges65€946
Profit (loss) for the period before taxes9903€21,613
Income taxes67/77€7,219
Profit (loss) for the period9904€14,394
Profit (loss) for the period to be appropriated9905€14,394
Line2025
Assets
Total assets20/58€63,373
Fixed assets21/28€6,516
Tangible fixed assets22/27€6,460
Plant, machinery and equipment23€3,962
Furniture and vehicles24€2,498
Financial fixed assets28€56
Current assets29/58€56,858
Amounts receivable within one year40/41€7,289
Trade receivables40€3,126
Other amounts receivable41€4,163
Cash at bank and in hand54/58€49,569
Equity and liabilities
Total equity and liabilities10/49€63,373
Equity10/15€19,394
Contributions10/11€5,000
Reserves13€14,394
Distributable reserves133€14,394
Amounts payable17/49€43,980
Amounts payable within one year42/48€43,980
Trade debts44€36,761
Suppliers440/4€36,761
Taxes, remuneration and social security45€7,219
Taxes450/3€7,219
Line2025
Profit (loss) for the period9904€14,394
+ Depreciation and write-downs630€76
Operating cash flow (approximation)€14,469

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Kortrijk · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
460 m²
Building footprint
88 m²
Volume, LiDAR
452 m³
Parcel 34016C0770/00Y007, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Par'azaar
Kortrijksestraat(Heu) 68, 8501 KortrijkLimited-service restaurants, excluding mobile food services
since 20252.370.361.383
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34016C0770/00Y007 Flanders 460 m² 1 · 88 m² 9.2 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 7,501 companies in sector 56210 we hold annual accounts for 2,447. 1,815 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded19-02-2025
Fiscal year end31-12
Activities, NACEBEL 2025
56210Event catering
56112Limited-service restaurants, excluding mobile food services
82300Organisation of conventions and trade shows
93110Operation of sports facilities
Contact
E-mail info@parazaar.be

Scores and ratios are computed by Checked and are not a credit decision.