Result
€123,570 ▲ 48×
The result rose in 2025 from €2,582 to €123,570.
PARALLELE GROUP
Lifetime
2 annual accounts with figures on one time axispeak €290,170 (2025)
€290,170▲ 40.5%
peak €123,570 (2025)
€123,570▲ 48×
peak €131,152 (2025)
€131,152▲ 17×
€251,625▲ 3.8%
Board1 name since 2023
1 directorHAGOP Sako
Documentsfilings and deeds
30-08-202630 days late
2025micro format
Gross margin from €206,494 to €290,170Result from €2,582 to €123,570Equity from €7,582 to €131,152Investments €72,983Cash from €76,569 to €101,323
Key points
from the 2025 annual accountsInvestments
€72,983 3.7 × depreciation
Green is investment, beige is depreciation.
Position in the sector
€123,570
Higher net result than 95% of companies in food and beverage service. Sector median €4,887 · 17,129 companies.
2025 accounts filed 30 days after the deadline
Checked score
55
Fair
Financially stronger than 73% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 7.2%
01-2025: 7.6%▲ +0.4 percentage points vs 12-2024
02-2025: 7.6%● unchanged vs 01-2025
03-2025: 8.0%▲ +0.4 percentage points vs 02-2025
04-2025: 8.3%▲ +0.3 percentage points vs 03-2025
05-2025: 8.3%● unchanged vs 04-2025
06-2025: 8.1%▼ -0.2 percentage points vs 05-2025
07-2025: 8.1%● unchanged vs 06-2025
08-2025: 8.6%▲ +0.5 percentage points vs 07-2025
09-2025: 8.6%● unchanged vs 08-2025highest value
10-2025: 4.4%▼ -4.2 percentage points vs 09-2025
11-2025: 4.4%● unchanged vs 10-2025
12-2025: 4.4%● unchanged vs 11-2025
01-2026: 4.3%▼ -0.1 percentage points vs 12-2025
02-2026: 4.3%● unchanged vs 01-2026
03-2026: 4.3%● unchanged vs 02-2026
04-2026: 4.9%▲ +0.6 percentage points vs 03-2026
05-2026: 5.8%▲ +0.9 percentage points vs 04-2026
06-2026: 5.7%▼ -0.1 percentage points vs 05-2026
07-2026: 5.7%● unchanged vs 06-2026
08-2026: 4.1%▼ -1.6 percentage points vs 07-2026
09-2026: 2.3%▼ -1.8 percentage points vs 08-2026lowest value
10-2026: 2.3%● unchanged vs 09-2026lowest value
11-2026: 2.3%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Founded in 2023
Last filed accounts filed 30 days late; 1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 0.66, cash €101,323
Calculation
The band follows from the bankruptcy probability. 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 56, micro). It does better than 54% of them on solvency, 45% on liquidity, 93% on profitability and 99% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as PARALLELE GROUP has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PARALLELE GROUP itself is higher: 2.3% within 12 months. It rests on far more data about PARALLELE GROUP than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for PARALLELE GROUP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.66 (0.36 in 2024), below 1. Short-term debt is 65.7% and cash 26.5% of total assets. 65.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
30 days late
2024
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 31 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0805908662
Amendment of the articles
General meeting of 05-10-2023 · Gazette deed
Incorporation
Founding capital of €5,000, 100 shares · Founder: HAGOP Sako · Appointment: HAGOP Sako (director) · published on 19-09-2023 · Gazette deed
First establishment
Le Parrallèle, Fernand Cocqplein 27, Ixelles
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PARALLELE GROUP Machelen (Brab.) | €382,777 | €290,170 | 34.3% | - |
| LA PIERRE BLEUE Zaventem | €363,310 | €269,283 | 24.6% | - |
| Haskol Diest | €334,664 | €248,377 | 7.2% | - |
| Tschuttershof Ichtegem | €374,914 | €276,099 | 10.0% | - |
| MEWODASU Ghent | €390,443 | €321,718 | 38.8% | 4.2 |
| L.M.G. Antwerp | €369,752 | €305,322 | 33.6% | - |
| HONG PING GUO Brussels | €396,462 | €249,516 | 71.0% | - |
These companies have the same main activity as PARALLELE GROUP: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €335,000 and €396,000, founded in 2023.
Official details
Source: KBO- Status
- Active since 15-09-2023Normal situation
- Activity
- Full-service restaurantsNACE 56111and 2 others
- Establishment unit
- 2.354.494.3611050 Ixelles, since 15-09-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 06-12-2025
Annual accounts 2025
- ≈ €700,000estimated
- €382,777▲ 53.2%
- Employeeson 31-12-2025
- 9
- Filing
- Filed on 30-08-2026
Insights on PARALLELE GROUP
The computed 12-month bankruptcy probability of PARALLELE GROUP is 2.3% (moderate). The 2025 annual accounts show equity of €131,152 and a net result of €123,570.
Its solvency ranks better than 54% of 17,153 sector peers (NACE 56, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PARALLELE GROUP
- What is the company number of PARALLELE GROUP?
- The company number of PARALLELE GROUP is 0805.908.662. The VAT number is the same number with BE in front: BE 0805.908.662.
- Where is PARALLELE GROUP based?
- The registered office is at Corneille Peetersstraat 60, 1830 Machelen (Brab.).Company details
- What does PARALLELE GROUP do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of PARALLELE GROUP?
- PARALLELE GROUP is a private limited company (BV).
- When was PARALLELE GROUP founded?
- PARALLELE GROUP was founded on 15-09-2023.
- Is PARALLELE GROUP still active?
- Yes, PARALLELE GROUP is an active enterprise in the KBO register.
- How many employees does PARALLELE GROUP have?
- PARALLELE GROUP had an average of 7.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of PARALLELE GROUP?
- The turnover in financial year 2025 is ≈ €700,000. This figure is estimated from the gross margin of €290,170 and 41 comparable companies (NACE 56111). It probably lies between €600,000 and €820,000.
- Is PARALLELE GROUP profitable?
- In financial year 2025, PARALLELE GROUP made a profit of €123,570.
- Where can I find the annual accounts of PARALLELE GROUP?
- PARALLELE GROUP filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PARALLELE GROUP due?
- PARALLELE GROUP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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