PARALLEL
ActiveSummary
PARALLEL has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €30,610 and a net result of -€1,417. Equity is growing by about 6.7% per year across the filed financial years. Its solvency ranks better than 22% of 13,576 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
- Equity
- €30,610
- Loss
- -€1,417
Why 54raises riskCapped at 59: a confirmed filing findingLatest accounts 73 days late; 2 of the last 3 lateLiquidity: current ratio 1.06, cash €12,892, halvedlowers riskSize: total assets €878,240Founded in 2006Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 19% on solvency, 5% on liquidity, 32% on profitability and 81% on growth.
The bankruptcy probability was computed on 19-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 12 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
- Resignation: MEHTA Abhishek (director)Appointment: MEHTA Akarsh (director)
- Annual accounts filedfinancial year 2024 · micro…
- Resignation: RIBADIYA Surendra (director)Gazette deed
Financials · financial year 2024, micro format
2025 annual accounts filed late (73 days) Filed on 12 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00553996.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result stays negative: a loss of €4,408 in 2024 against €3,788 in 2023; the loss grows and 2024 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,322 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €661 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,071 | €231 | €273 | €299 | €299 | €158 | - | - |
| Other operating charges640/8 | - | - | - | €449 | €450 | €575 | €753 | ▲ 31.0% |
| Gross operating margin9900 | €4,909 | €2,998 | €9,791 | €2,680 | -€3,609 | -€3,056 | -€3,655 | ▼ 19.6% |
| Operating profit (loss)9901 | -€1,337 | €1,616 | €9,071 | €1,932 | -€4,357 | -€3,788 | -€4,408 | ▼ 16.3% |
| Financial income75/76B | - | - | - | €4 | €30,221 | €6,844 | €3,571 | ▼ 47.8% |
| Recurring financial income75 | €563 | €789 | - | €4 | €30,221 | €6,844 | €3,571 | ▼ 47.8% |
| Financial charges65/66B | - | - | - | €621 | €25,763 | €484 | €574 | ▲ 18.5% |
| Recurring financial charges65 | €513 | €760 | €926 | €621 | €25,763 | €484 | €574 | ▲ 18.5% |
| Profit (loss) for the period before taxes9903 | -€1,287 | €1,644 | €8,144 | €1,315 | €101 | €2,572 | -€1,410 | - |
| Income taxes67/77 | €0 | €409 | €0 | €107 | €139 | €572 | €7 | ▼ 98.8% |
| Profit (loss) for the period9904 | -€1,287 | €1,235 | €8,144 | €1,209 | -€38 | €2,000 | -€1,417 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,287 | €1,235 | €8,144 | €1,209 | -€38 | €2,000 | -€1,417 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €495,284 | €397,633 | €410,573 | €412,111 | €409,331 | €77,668 | €100,515 | ▲ 29.4% |
| Fixed assets21/28 | €660 | €429 | €755 | €456 | €158 | - | €0 | - |
| Tangible fixed assets22/27 | €660 | €429 | €755 | €456 | €158 | - | €0 | - |
| Plant, machinery and equipment23 | - | - | - | €357 | €158 | - | €0 | - |
| Furniture and vehicles24 | - | - | - | €99 | - | - | €0 | - |
| Current assets29/58 | €494,624 | €397,204 | €409,818 | €411,655 | €409,173 | €77,668 | €100,515 | ▲ 29.4% |
| Stocks and contracts in progress3 | €390,349 | €390,349 | €390,349 | €390,349 | €390,349 | €69,105 | - | - |
| Stocks30/36 | - | - | - | €390,349 | €390,349 | €69,105 | - | - |
| Amounts receivable within one year40/41 | €97,567 | €4,380 | €9,595 | €10,373 | €10,807 | €648 | €72,063 | ▲ 11,024% |
| Trade receivables40 | - | - | - | €9,630 | €10,226 | - | €71,623 | - |
| Other amounts receivable41 | - | - | - | €742 | €581 | €648 | €440 | ▼ 32.1% |
| Cash at bank and in hand54/58 | €6,708 | €2,475 | €9,874 | €3,199 | €4,773 | €7,915 | €28,452 | ▲ 259% |
| Deferred charges and accrued income490/1 | - | - | - | €7,735 | €3,244 | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €495,284 | €397,633 | €410,573 | €412,111 | €409,331 | €77,668 | €100,515 | ▲ 29.4% |
| Equity10/15 | €19,477 | €20,712 | €28,856 | €30,065 | €30,026 | €32,027 | €30,610 | ▼ 4.4% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €2,112 | €10,256 | €11,465 | €11,426 | €13,427 | €12,010 | ▼ 10.6% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €9,605 | €9,566 | €11,567 | €10,150 | ▼ 12.2% |
| Profit (loss) carried forward14 | -€983 | - | -€983 | - | - | - | - | - |
| Amounts payable17/49 | €475,807 | €376,922 | €381,717 | €382,047 | €379,305 | €45,641 | €69,905 | ▲ 53.2% |
| Amounts payable within one year42/48 | €447,759 | €354,784 | €333,255 | €357,761 | €379,080 | €45,641 | €69,905 | ▲ 53.2% |
| Trade debts44 | €413,086 | €321,804 | €294,612 | €319,169 | €338,945 | €27 | €731 | ▲ 2,614% |
| Suppliers440/4 | - | - | - | €319,169 | €338,945 | €27 | €731 | ▲ 2,614% |
| Taxes, remuneration and social security45 | - | - | - | €7,250 | €7,550 | €13,527 | - | - |
| Taxes450/3 | - | - | - | - | - | €577 | - | - |
| Remuneration and social security454/9 | - | - | - | €7,250 | €7,550 | €12,950 | - | - |
| Other amounts payable47/48 | - | - | - | €31,343 | €32,585 | €32,087 | €69,174 | ▲ 116% |
| Accrued charges and deferred income492/3 | - | - | - | €24,286 | €225 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,287 | €1,235 | €8,144 | €1,209 | -€38 | €2,000 | -€1,417 | - |
| + Depreciation and write-downs630 | €5,071 | €231 | €273 | €299 | €299 | €158 | - | - |
| Operating cash flow (approximation) | €3,784 | €1,466 | €8,417 | €1,507 | €261 | €2,158 | -€1,417 | - |
| Investment in fixed assets (approximation) | - | €0 | -€599 | €0 | €0 | - | - | - |
| Change in cash | - | -€4,232 | €7,399 | -€6,675 | €1,574 | €3,142 | €20,537 | ▲ 554% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 26-10-2025 | 2025-00549520 |
| 31-12-2023 | micro format | 02-07-2024 | 2024-00204212 |
| 31-12-2022 | micro format | 25-07-2023 | 2023-00274158 |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20380484 |
| 31-12-2020 | micro format | 12-08-2021 | 2021-48000076 |
| 31-12-2019 | micro format | 09-07-2020 | 2020-28000135 |
| 31-12-2018 | micro format | 01-08-2019 | 2019-42500505 |
| 31-12-2017 | abbreviated format | 03-08-2018 | 2018-43000456 |
| 31-12-2016 | abbreviated format | 30-06-2017 | 2017-24500343 |
| 31-12-2015 | abbreviated format | 30-06-2016 | 2016-24900366 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| MEHTA Akarsh |
|
| MEHTA Abhishek |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
14-01
Gazette deed
Resignation: MEHTA Abhishek (director)Appointment: MEHTA Akarsh (director)4 facts ▸
- General meeting, 30-09-2025
- Director resignation, MEHTA Abhishek (director)
- Director appointment, MEHTA Akarsh (director)
- Director in office, MEHTA Akarsh (director)
29-07
Gazette deed
Resignation: RIBADIYA Surendra (director)3 facts ▸
- General meeting, 30-05-2025
- Director resignation, RIBADIYA Surendra (director)
- Director in office, МЕНТА Abhishek (director)
11-09
Gazette deed
Appointment: MEHTA Abhishek (director)Amendment of the articles · Capital conversion · Reserve release11 facts ▸
- General meeting, 06-09-2024
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “beschikbaar voor uitkering, vormen en meerderheden van statutenwijziging” (deed in Dutch)
- Purpose change
- Name change, PARALLEL
- Capital
- Power of attorney, Goedele VANDEKERCKHOVE
- Director in office, RIBADIYA Surendra (director)
- Director appointment, MEHTA Abhishek (director (not named in the articles))
- Registered-office move, Hoveniersstraat 30 bus 144,2018 Antwerpen
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11808H1178/00S008 | Flanders | 3,046 m² | 1 · 2,904 m² | 46.0 m · 8 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Goud-,platinum- en zilverwerk omvattende gouden en zilveren en platinum artikelen echte parels,edelstenen,alsmede medailles en juwelen…” (deed in Dutch)
3 activities (deed in Dutch)
- Goud-,platinum- en zilverwerk omvattende gouden en zilveren en platinum artikelen echte parels,edelstenen,alsmede medailles en juwelen;
- Uurwerken omvattende uurwerken,pendules,wekkers,horloges en hun toebehoren;
- Fabricatie en reparatie van juwelen alsmede alle vormen van zetwerk.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- PARALLEL
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan hem toegekend, met de mogelijkheid een deel van…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, een of meer” (deed in Dutch)“Algemene kosten los van representatie-,reis- en verplaatsingskosten, algemene vergadering met absolute meerderheid of enige aandeelhouder…” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Wednesday of June at 17:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering in vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bestuurder(s) in functie krachtens statuten indien geen andere vereffenaar benoemd” (deed in Dutch)