Private limited company · founded 1985 · 40 yrs activeKnippegroen 40, 9042 Gent, BelgiumKBO/BCE: BE 0428.088.912
Summary
PARA has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €710,085 and a net result of -€21,612. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 20% of 7900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2025
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability26▲+10
Solvency44▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.6%Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity short (current ratio 0.32 against 0.39 in 2024; short-term debt: 8.7% and cash: 0.2% of total assets), and 80.6% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
○
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
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
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
On 14 November 1985, PARA was incorporated.1WP CONSULTING has served as director of the company since 2026.2Total assets went from EUR 608,159 in 2019 to EUR 3.7 million in 2025 and headcount from 12.6 to 3 full-time equivalents.3
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
Net result€128,604above the sector's middle half▲ 20.7%€708,968above the sector's middle half▲ 451%€30,273within the sector's middle half▼ 95.7%-€122,837below the sector's middle half-€21,612below the sector's middle half▲ 82.4%
Equity€115,292within the sector's middle half▼ 59.8%€824,260above the sector's middle half▲ 615%€854,533above the sector's middle half▲ 3.7%€731,696within the sector's middle half▼ 14.4%€710,085above the sector's middle half▼ 3.0%
Total assets€621,900within the sector's middle half▲ 52.6%€3.9mabove the sector's middle half▲ 532%€4.1mabove the sector's middle half▲ 4.6%€3.7mabove the sector's middle half▼ 9.6%€3.7mabove the sector's middle half▼ 1.4%
Working capital€122,949▼ 56.6%€234,169▲ 90.5%-€651,424-€209,738▲ 67.8%-€217,672▼ 3.8%
Solvency18.5%below the sector's middle half▼ 51.8pp21.0%below the sector's middle half▲ 2.4pp20.8%below the sector's middle half▼ 0.2pp19.7%below the sector's middle half▼ 1.1pp19.4%below the sector's middle half▼ 0.3pp
Staff (FTE)10.8above the sector's middle half11.7above the sector's middle half▲ 8.3%5.1within the sector's middle half▼ 56.4%3within the sector's middle half▼ 41.2%3within the sector's middle half=
abovewithinbelowthe middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
2023Net result -96% on 2022.The previous fiscal year ran 18 months, this one 12.
2022Net result +451% on 2021.This fiscal year ran 18 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 10,931% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.7m
97.2%
Fixed assets€3.6m ▼ 0.5%
Current assets€101,980 ▼ 25.5%
Equity and liabilities €3.7m
19.4%
80.6%
Equity€710,085 ▼ 3.0%
Debt€3.0m ▼ 1.0%
Debt's share of the balance-sheet total rises from 80.3% to 80.6%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€97,097▲
2024 · €17,489
Cash flow
-€5,224▲
2024 · -€106,080
Current ratio
0.32▼
2024 · 0.39
Debt to equity
4.16▲
2024 · 4.08
ROE
-3.0%▲
2024 · -16.8%
ROA
-0.6%▲
2024 · -3.3%
Interest coverage
0.92▲
2024 · 0.15
Debt ≤ 1 year
€319,652▼
2024 · €346,573
Debt > 1 year
€2.6m=
2024 · €2.6m
Income taxes
-€3,591▼
2024 · €5,000
Staff costs
€212,561▲
2024 · €209,869
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 48 lines
Balance sheetCode20242025
Assets
Total assets20/58€3.7m€3.7m▼
Fixed assets21/28€3.6m€3.6m▼
Tangible fixed assets22/27€20,528€4,141▼
Land and buildings22€1,701€1,593▼
Plant, machinery and equipment23€2,803€819▼
Furniture and vehicles24€16,025€1,729▼
Financial fixed assets28€3.6m€3.6m=
Current assets29/58€136,835€101,980▼
Amounts receivable within one year40/41€135,826€93,829▼
Trade receivables40€129,214€83,153▼
Other amounts receivable41€6,612€10,676▲
Cash at bank and in hand54/58€499€8,151▲
Deferred charges and accrued income490/1€510-
Equity and liabilities
Total equity and liabilities10/49€3.7m€3.7m▼
Equity10/15€731,696€710,085▼
Contributions10/11€18,600€18,600=
Reserves13€6,311€6,311=
Tax-exempt reserves132€111€111=
Distributable reserves133€6,200€6,200=
Profit (loss) carried forward14€706,785€685,174▼
Amounts payable17/49€3.0m€3.0m▼
Amounts payable after more than one year17€2.6m€2.6m=
Financial debts170/4€2.6m€2.6m=
Amounts payable within one year42/48€346,573€319,652▼
Trade debts44€123,311€72,400▼
Suppliers440/4€123,311€72,400▼
Taxes, remuneration and social security45€10,793€23,244▲
Taxes450/3€4,159€5,376▲
Remuneration and social security454/9€6,635€17,868▲
Other amounts payable47/48€212,468€224,009▲
Accrued charges and deferred income492/3€83,851€81,141▼
Income statementCode20242025
Non-recurring operating income76A-€400
Remuneration, social security and pensions62€209,869€212,561▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,757€16,388▼
Other operating charges640/8€6,335€2,327▼
Gross operating margin9900€233,692€311,984▲
Operating profit (loss)9901€732€80,709▲
Financial income75/76B€515-
Recurring financial income75€515-
Financial charges65/66B€119,083€105,912▼
Recurring financial charges65€119,083€105,912▼
Profit (loss) for the period before taxes9903-€117,837-€25,203▲
Income taxes67/77€5,000-€3,591▼
Profit (loss) for the period9904-€122,837-€21,612▲
Profit (loss) for the period to be appropriated9905-€122,837-€21,612▲
Appropriation of the result
Profit (loss) to be appropriated9906€706,785€685,174▼
Profit (loss) brought forward from the previous period14P€829,622€706,785▼
Social balance
Average headcount (FTE)90873.03.0=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2021
2022
2023
2024
2025
Change
Non-recurring operating income76A
-
-
-
-
€400
-
Remuneration, social security and pensions62
€543,408
€1.0m
€294,386
€209,869
€212,561
▲ 1.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€7,352
€24,741
€17,092
€16,757
€16,388
▼ 2.2%
Other operating charges640/8
€2,931
€2,535
€2,003
€6,335
€2,327
▼ 63.3%
Gross operating margin9900
€733,302
€1.1m
€388,535
€233,692
€311,984
▲ 33.5%
Operating profit (loss)9901
€179,612
€57,338
€75,054
€732
€80,709
▲ 10,931%
Financial income75/76B
€31
€706,587
€1,029
€515
-
-
Recurring financial income75
€31
€700,034
€1,029
€515
-
-
Non-recurring financial income76B
-
€6,553
-
-
-
-
Financial charges65/66B
€4,745
€44,480
€29,782
€119,083
€105,912
▼ 11.1%
Recurring financial charges65
€1,276
€44,480
€29,782
€119,083
€105,912
▼ 11.1%
Non-recurring financial charges66B
€3,468
-
-
-
-
-
Profit (loss) for the period before taxes9903
€174,898
€719,445
€46,301
-€117,837
-€25,203
▲ 78.6%
Income taxes67/77
€46,294
€10,477
€16,028
€5,000
-€3,591
▼ 172%
Profit (loss) for the period9904
€128,604
€708,968
€30,273
-€122,837
-€21,612
▲ 82.4%
Profit (loss) for the period to be appropriated9905
€128,604
€708,968
€30,273
-€122,837
-€21,612
▲ 82.4%
Line
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€621,900
€3.9m
€4.1m
€3.7m
€3.7m
▼ 1.4%
Fixed assets21/28
€67,910
€3.2m
€3.6m
€3.6m
€3.6m
▼ 0.5%
Tangible fixed assets22/27
€67,910
€54,377
€37,285
€20,528
€4,141
▼ 79.8%
Land and buildings22
€2,078
€1,916
€1,808
€1,701
€1,593
▼ 6.3%
Plant, machinery and equipment23
€7,586
€7,357
€4,912
€2,803
€819
▼ 70.8%
Furniture and vehicles24
€58,246
€45,104
€30,565
€16,025
€1,729
▼ 89.2%
Financial fixed assets28
-
€3.1m
€3.6m
€3.6m
€3.6m
=
Current assets29/58
€553,990
€774,207
€513,654
€136,835
€101,980
▼ 25.5%
Stocks and contracts in progress3
€65,282
€79,813
€2,939
-
-
-
Stocks30/36
€6,072
€5,874
€2,939
-
-
-
Contracts in progress37
€59,210
€73,939
€0
-
-
-
Amounts receivable within one year40/41
€345,298
€229,334
€388,862
€135,826
€93,829
▼ 30.9%
Trade receivables40
€345,298
€228,334
€260,276
€129,214
€83,153
▼ 35.6%
Other amounts receivable41
-
€1,000
€128,586
€6,612
€10,676
▲ 61.5%
Cash at bank and in hand54/58
€140,895
€463,430
€121,853
€499
€8,151
▲ 1,532%
Deferred charges and accrued income490/1
€2,515
€1,630
-
€510
-
-
Equity and liabilities
Total equity and liabilities10/49
€621,900
€3.9m
€4.1m
€3.7m
€3.7m
▼ 1.4%
Equity10/15
€115,292
€824,260
€854,533
€731,696
€710,085
▼ 3.0%
Contributions10/11
€18,600
€18,600
€18,600
€18,600
€18,600
=
Reserves13
€6,311
€6,311
€6,311
€6,311
€6,311
=
Tax-exempt reserves132
€111
€111
€111
€111
€111
=
Distributable reserves133
€6,200
€6,200
€6,200
€6,200
€6,200
=
Profit (loss) carried forward14
€90,381
€799,349
€829,622
€706,785
€685,174
▼ 3.1%
Amounts payable17/49
€506,608
€3.1m
€3.3m
€3.0m
€3.0m
▼ 1.0%
Amounts payable after more than one year17
€38,984
€2.6m
€2.1m
€2.6m
€2.6m
=
Financial debts170/4
€38,984
€2.6m
€2.1m
€2.6m
€2.6m
=
Amounts payable within one year42/48
€431,041
€540,038
€1.2m
€346,573
€319,652
▼ 7.8%
Current portion of amounts payable after more than one year42
€46,030
€442,857
€522,857
-
-
-
Trade debts44
€33,863
€38,516
€83,205
€123,311
€72,400
▼ 41.3%
Suppliers440/4
€33,863
€38,516
€83,205
€123,311
€72,400
▼ 41.3%
Taxes, remuneration and social security45
€51,148
€13,291
€44,081
€10,793
€23,244
▲ 115%
Taxes450/3
€21,234
€13,291
€26,505
€4,159
€5,376
▲ 29.3%
Remuneration and social security454/9
€29,914
-
€17,576
€6,635
€17,868
▲ 169%
Other amounts payable47/48
€300,000
€45,375
€514,935
€212,468
€224,009
▲ 5.4%
Accrued charges and deferred income492/3
€36,584
-
-
€83,851
€81,141
▼ 3.2%
Line
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
€128,604
€708,968
€30,273
-€122,837
-€21,612
▲ 82.4%
+ Depreciation and write-downs630
€7,352
€24,741
€17,092
€16,757
€16,388
▼ 2.2%
Operating cash flow (approximation)
€135,956
€733,709
€47,365
-€106,080
-€5,224
▲ 95.1%
Investment in fixed assets (approximation)
-
-€3.1m
-€460,100
€0
€0
-
Change in cash
-
€322,535
-€341,577
-€121,354
€7,652
▲ 106%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
What happened to the company over the years, from its founding to recent changes. Many changes in a short time are a reason to ask questions.
Next filing, fiscal year 2026, expected by
31-07-2027
2026
09-07
NBB filingAnnual accounts filed
fiscal year 2025 · abbreviated schema
24-03
State Gazette actResignation: DC ADVISORY BV (director)
Permanent representatives: Dominique Charlier, Wouter Pauwels and Nicolas Lippens · Appointment: WP CONSULTING BV (director) · Director discharge8 facts ▸
Shareholder decision, 26/02/2026
Director resignation, DC ADVISORY BV (director)
Director discharge, DC ADVISORY BV
Permanent representative, Dominique Charlier
Director appointment, WP CONSULTING BV (director)
Mandate compensation, WP CONSULTING BV
Permanent representative, Wouter Pauwels
Permanent representative, Nicolas Lippens
2025
11-07
NBB filingAnnual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
FinancialWeakest financial yearnet -€122,837
Net result drops to -€122,837, the lowest in the series; recovery starts the following year.
14-10
NBB filingAnnual accounts filed
fiscal year 2023 · abbreviated schema · 75 days late
2023
01-09
NBB filingAnnual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
31-12
FinancialHighest result since 2019net €708,968 ▲451%
Net result €708,968, the highest in the series.
31-12
FinancialEquity above €500,000Eq €824,260 ▲615%
4 profitable years in a row build equity to €824,260.
26-04
NBB filingAnnual accounts filed
fiscal year 2021 · abbreviated schema · 85 days late
2021
18-01
NBB filingAnnual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
FinancialEquity above €200,000Eq €286,688 ▲48.9%
2 profitable years in a row build equity to €286,688.
2019
23-09
NBB filingAnnual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
23-09
NBB filingAnnual accounts filed
fiscal year 2018 · micro schema
2017
16-11
NBB filingAnnual accounts filed
fiscal year 2017 · micro schema
2016
18-09
NBB filingAnnual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
Director · since 26-02-2026 · Private limited company · perm. rep.: Wouter Pauwels
Current
Permanent representatives 1
PW
Wouter Pauwels
Permanent representative · since 26-02-2026 · for WP CONSULTING
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
10 of this company's 11 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
According to the 2025 annual accounts of PARA and those of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
9 connected companies
Depth
Shared directors
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Of 7,868 companies in sector 43341 we hold annual accounts for 2,664. 1,226 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.