PARALLEL
ActiveSummary
PARALLEL has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €276,782 and a net result of €49,339. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 94% of 18458 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▼-7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity ample (current ratio 8.49 against 5.5 in 2024; short-term debt: 9.2% and cash: 24.1% of total assets), and 9.5% 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
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
90.5%
Return on assets
16.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
30 d late
2023
43 d early
2022
21 d early
2021
31 d late
2020
30 d late
2019
5 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€276,782▲ 9.2%
2024 · €253,455
Total assets
€305,967▲ 1.7%
2024 · €300,934
Net result
€49,339▼ 24.1%
2024 · €64,982
Working capital
€211,877▲ 0.6%
2024 · €210,511
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
Line20212022202320242025
Operating result€43,461▲ 101%€49,139▲ 13.1%€83,539▲ 70.0%€84,777▲ 1.5%€65,262▼ 23.0%
Net result€33,654▲ 69.3%€36,327▲ 7.9%€63,128▲ 73.8%€64,982▲ 2.9%€49,339▼ 24.1%
Equity€118,731▼ 5.8%€142,345▲ 19.9%€188,472▲ 32.4%€253,455▲ 34.5%€276,782▲ 9.2%
Total assets€188,335▼ 21.6%€237,071▲ 25.9%€233,818▼ 1.4%€300,934▲ 28.7%€305,967▲ 1.7%
Debt€69,603▼ 38.9%€94,726▲ 36.1%€45,346▼ 52.1%€47,479▲ 4.7%€29,185▼ 38.5%
Working capital€72,876▼ 34.7%€97,501▲ 33.8%€144,579▲ 48.3%€210,511▲ 45.6%€211,877▲ 0.6%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €305,967
Fixed assets
€65,805 ▲ 50.8%
Current assets
€240,162 ▼ 6.7%
Equity and liabilities €305,967
Equity
€276,782 ▲ 9.2%
Debt
€29,185 ▼ 38.5%
Debt's share of the balance-sheet total falls from 15.8% to 9.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€74,972▼
2024 · €85,727
Cash flow
€59,049▼
2024 · €65,932
Current ratio
8.49▲
2024 · 5.50
Quick ratio
7.14▲
2024 · 4.75
Debt to equity
0.11▼
2024 · 0.19
ROE
17.8%▼
2024 · 25.6%
ROA
16.1%▼
2024 · 21.6%
Interest coverage
42.58▼
2024 · 59.43
Debt ≤ 1 year
€28,285▼
2024 · €46,779
Income taxes
€20,388▼
2024 · €25,899
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €69 | €69 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €950 | €950 | €950 | €950 | €9,710 | ▲ 922% |
| Other operating charges640/8 | €3,884 | €4,392 | €4,645 | €5,294 | €5,855 | ▲ 10.6% |
| Gross operating margin9900 | €48,295 | €54,550 | €89,204 | €91,022 | €80,827 | ▼ 11.2% |
| Operating profit (loss)9901 | €43,461 | €49,139 | €83,539 | €84,777 | €65,262 | ▼ 23.0% |
| Financial income75/76B | €6,025 | €4,275 | €6,086 | €7,546 | €6,226 | ▼ 17.5% |
| Recurring financial income75 | €6,025 | €4,275 | €6,086 | €7,546 | €6,226 | ▼ 17.5% |
| Financial charges65/66B | €1,678 | €1,376 | €1,660 | €1,442 | €1,761 | ▲ 22.1% |
| Recurring financial charges65 | €1,678 | €1,376 | €1,660 | €1,442 | €1,761 | ▲ 22.1% |
| Profit (loss) for the period before taxes9903 | €47,809 | €52,037 | €87,965 | €90,881 | €69,727 | ▼ 23.3% |
| Income taxes67/77 | €14,155 | €15,710 | €24,837 | €25,899 | €20,388 | ▼ 21.3% |
| Profit (loss) for the period9904 | €33,654 | €36,327 | €63,128 | €64,982 | €49,339 | ▼ 24.1% |
| Profit (loss) for the period to be appropriated9905 | €33,654 | €36,327 | €63,128 | €64,982 | €49,339 | ▼ 24.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €188,335 | €237,071 | €233,818 | €300,934 | €305,967 | ▲ 1.7% |
| Fixed assets21/28 | €46,556 | €45,544 | €44,594 | €43,644 | €65,805 | ▲ 50.8% |
| Tangible fixed assets22/27 | €46,489 | €45,539 | €44,589 | €43,639 | €65,800 | ▲ 50.8% |
| Land and buildings22 | €46,489 | €45,539 | €44,589 | €43,639 | €42,689 | ▼ 2.2% |
| Furniture and vehicles24 | - | - | - | - | €23,111 | - |
| Financial fixed assets28 | €67 | €5 | €5 | €5 | €5 | = |
| Current assets29/58 | €141,779 | €191,527 | €189,225 | €257,290 | €240,162 | ▼ 6.7% |
| Stocks and contracts in progress3 | €47,706 | €40,431 | €40,026 | €35,216 | €38,341 | ▲ 8.9% |
| Stocks30/36 | €47,706 | €40,431 | €40,026 | €35,216 | €38,341 | ▲ 8.9% |
| Amounts receivable within one year40/41 | €3,651 | €5,196 | €6,181 | €10,770 | €987 | ▼ 90.8% |
| Trade receivables40 | €1,541 | €5,196 | €4,977 | €4,514 | €987 | ▼ 78.1% |
| Other amounts receivable41 | €2,110 | - | €1,205 | €6,256 | - | - |
| Current investments50/53 | - | - | - | €125,000 | €125,000 | = |
| Cash at bank and in hand54/58 | €88,337 | €143,739 | €140,752 | €84,354 | €73,588 | ▼ 12.8% |
| Deferred charges and accrued income490/1 | €2,086 | €2,161 | €2,265 | €1,950 | €2,245 | ▲ 15.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €188,335 | €237,071 | €233,818 | €300,934 | €305,967 | ▲ 1.7% |
| Equity10/15 | €118,731 | €142,345 | €188,472 | €253,455 | €276,782 | ▲ 9.2% |
| Contributions10/11 | €18,592 | €18,592 | €1,592 | €1,592 | €1,592 | = |
| Reserves13 | €100,139 | €123,753 | €186,880 | €251,863 | €275,190 | ▲ 9.3% |
| Non-distributable reserves130/1 | €3,359 | €3,359 | - | - | - | - |
| Reserves not available under the articles1311 | €3,359 | €3,359 | - | - | - | - |
| Distributable reserves133 | €96,780 | €120,393 | €186,880 | €251,863 | €275,190 | ▲ 9.3% |
| Amounts payable17/49 | €69,603 | €94,726 | €45,346 | €47,479 | €29,185 | ▼ 38.5% |
| Amounts payable within one year42/48 | €68,903 | €94,026 | €44,646 | €46,779 | €28,285 | ▼ 39.5% |
| Trade debts44 | €5,218 | €5,796 | €13,124 | €6,855 | €4,106 | ▼ 40.1% |
| Suppliers440/4 | €5,218 | €5,796 | €13,124 | €6,855 | €4,106 | ▼ 40.1% |
| Taxes, remuneration and social security45 | €16,574 | €28,593 | €24,850 | €31,736 | €23,540 | ▼ 25.8% |
| Taxes450/3 | €16,574 | €28,593 | €24,850 | €31,736 | €23,540 | ▼ 25.8% |
| Other amounts payable47/48 | €47,111 | €59,638 | €6,672 | €8,188 | €638 | ▼ 92.2% |
| Accrued charges and deferred income492/3 | €700 | €700 | €700 | €700 | €900 | ▲ 28.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,654 | €36,327 | €63,128 | €64,982 | €49,339 | ▼ 24.1% |
| + Depreciation and write-downs630 | €950 | €950 | €950 | €950 | €9,710 | ▲ 922% |
| Operating cash flow (approximation) | €34,604 | €37,277 | €64,078 | €65,932 | €59,049 | ▼ 10.4% |
| Investment in fixed assets (approximation) | - | €62 | €0 | €0 | -€31,872 | - |
| Change in cash | - | €55,402 | -€2,986 | -€56,398 | -€10,766 | ▲ 80.9% |
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
Next filing, fiscal year 2026, expected by
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Highest result since 2018net €64,982 ▲2.9%
Operating result €84,777, net result €64,982, both a record.
31-12
Financial
Equity above €200,000Eq €253,455 ▲34.5%
7 profitable years in a row build equity to €253,455.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 4.24
Current ratio from 2.04 to 4.24; short-term debt falls from €94,026 to €44,646.
31-12
Financial
Equity above €150,000Eq €188,472 ▲32.4%
6 profitable years in a row build equity to €188,472.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
2019
31-12
Financial
Equity above €100,000Eq €115,688 ▲23.9%
2 profitable years in a row build equity to €115,688.
Show earlier events
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Merchtem · 1 establishment unit since 1988
Ground area
364 m²
Building footprint
216 m²
Volume, LiDAR
1,013 m³
Parcel 23602H0301/00D000, Flanders · tallest building 10.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PARALLEL BVBA
since 19882.041.317.191
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602H0301/00D000 | Flanders | 364 m² | 1 · 216 m² | 10.4 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 113 EUR awarded · 113 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 113 EUR | 113 EUR |
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Of 6,495 companies in sector 47716 we hold annual accounts for 2,438. 1,677 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
Founded12-12-1988
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Scores and ratios are computed by Checked and are not a credit decision.