Summary
PARAAD is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €116,507 and a net result of €17,680. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 20% of 3320 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 3320 sector peers (2024).
NBB · sector comparisonPosition among 3320 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-10-2025, 76 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
76 d late
2023
96 d late
2022
91 d late
2021
122 d late
2020
82 d late
2019
105 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 95 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€116,507▲ 17.9%
2023 · €98,827
Net result
€17,680▲ 999%
2023 · €1,609
Total assets
€798,369▼ 5.5%
2023 · €844,571
Solvency
14.6%▲ 2.9pp
2023 · 11.7%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€88,517▲ 303%€59,069▼ 33.3%€29,472▼ 50.1%€20,390▼ 30.8%€44,607▲ 119%
Net result€51,315€27,964▼ 45.5%€3,366▼ 88.0%€1,609▼ 52.2%€17,680▲ 999%
Equity€65,888▲ 352%€93,852▲ 42.4%€97,218▲ 3.6%€98,827▲ 1.7%€116,507▲ 17.9%
Total assets€758,245▼ 3.8%€915,741▲ 20.8%€961,240▲ 5.0%€844,571▼ 12.1%€798,369▼ 5.5%
Debt€692,357▼ 10.5%€821,889▲ 18.7%€864,023▲ 5.1%€745,744▼ 13.7%€681,862▼ 8.6%
Working capital-€74,446▲ 21.0%-€68,796▲ 7.6%-€120,221▼ 74.8%-€107,371▲ 10.7%-€112,750▼ 5.0%
Solvency8.7%▲ 6.8pp10.2%▲ 1.6pp10.1%▼ 0.1pp11.7%▲ 1.6pp14.6%▲ 2.9pp
Staff (FTE)1.7▼ 15.0%1▼ 41.2%1=1=0.8▼ 20.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 119% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €798,369
Fixed assets
€699,250 ▼ 11.9%
Current assets
€99,119 ▲ 93.4%
Equity and liabilities €798,369
Equity
€116,507 ▲ 17.9%
Debt
€681,862 ▼ 8.6%
Debt's share of the balance-sheet total falls from 88.3% to 85.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
15.2%▲
2023 · 1.6%
ROA
2.2%▲
2023 · 0.2%
Debt ≤ 1 year
€211,869▲
2023 · €158,621
Debt > 1 year
€469,473▼
2023 · €585,862
Income taxes
€11,855▲
2023 · €569
Staff costs
€59,182▲
2023 · €58,808
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €53,790 | €55,316 | €58,808 | €59,182 | ▲ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €101,268 | €114,691 | €138,912 | €142,919 | €146,519 | ▲ 2.5% |
| Other operating charges640/8 | - | €24,923 | €2,108 | €1,819 | €4,013 | ▲ 121% |
| Gross operating margin9900 | €252,539 | €252,473 | €225,809 | €223,936 | €254,322 | ▲ 13.6% |
| Operating profit (loss)9901 | €88,517 | €59,069 | €29,472 | €20,390 | €44,607 | ▲ 119% |
| Financial income75/76B | - | €115 | €0 | €0 | €59 | ▲ 148,275% |
| Recurring financial income75 | €7 | €115 | €0 | €0 | €59 | ▲ 148,275% |
| Financial charges65/66B | - | €19,014 | €25,141 | €18,212 | €15,131 | ▼ 16.9% |
| Recurring financial charges65 | €16,329 | €19,014 | €25,141 | €18,212 | €15,131 | ▼ 16.9% |
| Profit (loss) for the period before taxes9903 | €72,194 | €40,170 | €4,332 | €2,178 | €29,535 | ▲ 1,256% |
| Income taxes67/77 | €20,879 | €12,205 | €966 | €569 | €11,855 | ▲ 1,985% |
| Profit (loss) for the period9904 | €51,315 | €27,964 | €3,366 | €1,609 | €17,680 | ▲ 999% |
| Profit (loss) for the period to be appropriated9905 | €51,315 | €27,964 | €3,366 | €1,609 | €17,680 | ▲ 999% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €758,245 | €915,741 | €961,240 | €844,571 | €798,369 | ▼ 5.5% |
| Fixed assets21/28 | €688,083 | €854,122 | €930,600 | €793,322 | €699,250 | ▼ 11.9% |
| Intangible fixed assets21 | €648,643 | €552,548 | €456,453 | €360,357 | €264,262 | ▼ 26.7% |
| Tangible fixed assets22/27 | €39,440 | €301,574 | €474,147 | €432,964 | €434,988 | ▲ 0.5% |
| Land and buildings22 | - | €265,792 | €415,950 | €386,919 | €398,334 | ▲ 3.0% |
| Plant, machinery and equipment23 | - | - | €5,365 | €4,124 | €4,370 | ▲ 6.0% |
| Furniture and vehicles24 | - | €35,781 | €52,832 | €41,921 | €32,285 | ▼ 23.0% |
| Current assets29/58 | €70,161 | €61,619 | €30,640 | €51,250 | €99,119 | ▲ 93.4% |
| Amounts receivable within one year40/41 | €50,487 | €36,516 | €28,990 | €49,255 | €93,440 | ▲ 89.7% |
| Trade receivables40 | - | €27,194 | €7,734 | €11,365 | €56,039 | ▲ 393% |
| Other amounts receivable41 | - | €9,323 | €21,256 | €37,890 | €37,401 | ▼ 1.3% |
| Cash at bank and in hand54/58 | €18,125 | €23,604 | €325 | €1,024 | €2,702 | ▲ 164% |
| Deferred charges and accrued income490/1 | - | €1,499 | €1,326 | €971 | €2,976 | ▲ 206% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €758,245 | €915,741 | €961,240 | €844,571 | €798,369 | ▼ 5.5% |
| Equity10/15 | €65,888 | €93,852 | €97,218 | €98,827 | €116,507 | ▲ 17.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €47,000 | €74,900 | €78,200 | €79,700 | €97,200 | ▲ 22.0% |
| Distributable reserves133 | - | €74,900 | €78,200 | €79,700 | €97,200 | ▲ 22.0% |
| Profit (loss) carried forward14 | €288 | €352 | €418 | €527 | €707 | ▲ 34.1% |
| Amounts payable17/49 | €692,357 | €821,889 | €864,023 | €745,744 | €681,862 | ▼ 8.6% |
| Amounts payable after more than one year17 | €547,670 | €691,290 | €712,649 | €585,862 | €469,473 | ▼ 19.9% |
| Financial debts170/4 | - | €691,290 | €712,649 | €585,862 | €469,473 | ▼ 19.9% |
| Amounts payable within one year42/48 | €144,607 | €130,415 | €150,862 | €158,621 | €211,869 | ▲ 33.6% |
| Current portion of amounts payable after more than one year42 | - | €116,854 | €128,212 | €126,787 | €135,621 | ▲ 7.0% |
| Financial debts43 | - | - | - | - | €1,287 | - |
| Credit institutions430/8 | - | - | - | - | €1,287 | - |
| Trade debts44 | €10,814 | €4,024 | €7,725 | €6,269 | €44,642 | ▲ 612% |
| Suppliers440/4 | - | €4,024 | €7,725 | €6,269 | €44,642 | ▲ 612% |
| Advances received on contracts in progress46 | - | €104 | €104 | €104 | €104 | = |
| Taxes, remuneration and social security45 | - | €7,324 | €13,689 | €10,403 | €6,549 | ▼ 37.0% |
| Taxes450/3 | - | €452 | €879 | €496 | - | - |
| Remuneration and social security454/9 | - | €6,871 | €12,809 | €9,907 | €6,549 | ▼ 33.9% |
| Other amounts payable47/48 | - | €2,110 | €1,133 | €15,057 | €23,667 | ▲ 57.2% |
| Accrued charges and deferred income492/3 | - | €184 | €512 | €1,262 | €520 | ▼ 58.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,315 | €27,964 | €3,366 | €1,609 | €17,680 | ▲ 999% |
| + Depreciation and write-downs630 | €101,268 | €114,691 | €138,912 | €142,919 | €146,519 | ▲ 2.5% |
| Operating cash flow (approximation) | €152,583 | €142,656 | €142,278 | €144,529 | €164,199 | ▲ 13.6% |
| Investment in fixed assets (approximation) | - | -€280,730 | -€215,390 | -€5,641 | -€52,448 | ▼ 830% |
| Change in cash | - | €5,479 | -€23,279 | €698 | €1,678 | ▲ 140% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
15-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 76 days late
2024
31-12
Financial
Equity above €100,000Eq €116,507 ▲17.9%
5 profitable years in a row build equity to €116,507.
04-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 96 days late
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 122 days late
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 82 days late
2020
31-12
Financial
Back to profitnet €51,315
Net result €51,315 after 2 loss-making years.
13-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 105 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Lommel · 2 establishment units since 2017
Ground area
1,695 m²
Building footprint
439 m²
Volume, LiDAR
2,594 m³
2 parcels, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
PARAAD
since 20172.263.857.066
Houbenweg 53, 3940 Hechtel-Eksel
since 20172.264.173.109
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72343E0392/00D007 | Flanders | 885 m² | 1 · 241 m² | 11.1 m · 2 fl. |
| 72013C0069/00C000 | Flanders | 809 m² | 1 · 198 m² | 8.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 2,123 EUR awarded · 3,023 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 146 EUR | 146 EUR |
| 2024 | 1 | 1,642 EUR | 1,642 EUR |
| 2023 | 1 | 128 EUR | 1,028 EUR |
| 2022 | 1 | 207 EUR | 207 EUR |
Similar companies · same sector, comparable size
CDA Solutions
BE 0781.383.005
Sint-Jans-Molenbeek · Eq €116,463
VC VERZEKERINGEN
BE 0885.092.930
Mortsel · Eq €116,347
RISK MANAGER
BE 0784.750.388
Lennik · Eq €116,317
BEP ASSURCREDITS
BE 0451.627.248
Charleroi · Eq €116,704
OFFICE DES CREDITS
BE 0841.905.758
Braine-l'Alleud · Eq €116,157
Of 4,673 companies in sector 66220 we hold annual accounts for 3,220. 2,748 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
Founded27-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0674893633
Also
9925:BE0674893633
Registered
28-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.