PARBELUX
ActiveSummary
PARBELUX has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €7.2m and a net result of €433,845. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 36% of 6127 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81=
Solvency55▼-19
Growth70▼-2
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €450,000 at 30 days acceptable
Liquidity short (current ratio 0.82 against 0.67 in 2023; short-term debt: 70.2% and cash: 0.1% of total assets), and 70.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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 2024Solvency, return and age of the figures
Solvency
29.8%
Return on assets
1.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 29-12-2024 was due by 29-07-2025 and was filed on 23-07-2025, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
6 d early
2023
8 d early
2023
20 d late
2022
6 d late
2020
11 d early
2019
3 d late
2018
43 d early
← 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 6 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check 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?Subsidies
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Turnover
€16.1m▲ 1.3%
2023 · €15.8m
EBIT margin
5.5%▲ 0.1pp
2023 · 5.4%
Net result
€433,845▼ 25.9%
2023 · €585,227
Working capital
-€3.1m▼ 38.2%
2023 · -€2.3m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202022202320232024
Turnover€11.7m▲ 0.4%€12.6m-€13.0m▲ 3.4%€15.8m-€16.1m▲ 1.3%
Operating result€583,060▲ 21.2%€694,568-€700,268▲ 0.8%€851,686-€879,377▲ 3.3%
Net result€377,613within the sector's middle half▲ 32.7%€485,585within the sector's middle half-€469,992within the sector's middle half▼ 3.2%€585,227within the sector's middle half-€433,845within the sector's middle half▼ 25.9%
EBIT margin5.0%▲ 0.9pp5.5%-5.4%▼ 0.1pp5.4%-5.5%▲ 0.1pp
Equity€5.3mabove the sector's middle half▲ 7.7%€5.8mabove the sector's middle half-€6.2mabove the sector's middle half▲ 8.2%€6.8mabove the sector's middle half-€7.2mabove the sector's middle half▲ 6.4%
Total assets€10.2mabove the sector's middle half▼ 7.5%€9.6mwithin the sector's middle half-€9.2mwithin the sector's middle half▼ 4.5%€13.8mabove the sector's middle half-€24.3mabove the sector's middle half▲ 75.9%
Debt€4.9m▼ 19.6%€3.9m-€2.9m▼ 24.6%€6.9m-€17.0m▲ 145%
Working capital-€1.2mbelow the sector's middle half▲ 57.0%€434,386within the sector's middle half-€193,417within the sector's middle half▼ 55.5%-€2.3mbelow the sector's middle half--€3.1mbelow the sector's middle half▼ 38.2%
Solvency51.5%within the sector's middle half▲ 7.3pp59.9%within the sector's middle half-67.8%above the sector's middle half▲ 7.9pp49.3%within the sector's middle half-29.8%within the sector's middle half▼ 19.5pp
Current ratio0.76below the sector's middle half▲ 0.211.11below the sector's middle half-1.07below the sector's middle half▼ 0.050.67below the sector's middle half-0.82below the sector's middle half▲ 0.14
Return on assets (ROA)3.7%within the sector's middle half▲ 1.1pp5.1%within the sector's middle half-5.1%within the sector's middle half▲ 0.1pp4.2%within the sector's middle half-1.8%within the sector's middle half▼ 2.5pp
Staff (FTE)91.5above the sector's middle half▲ 1.1%98.8above the sector's middle half-103.1above the sector's middle half▲ 4.4%105above the sector's middle half-105.2above the sector's middle half▲ 0.2%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €24.3m
Fixed assets
€10.4m ▲ 13.7%
Current assets
€13.9m ▲ 198%
Equity and liabilities €24.3m
Equity
€7.2m ▲ 6.4%
Provisions
€0 ▼ 100%
Debt
€17.0m ▲ 145%
Debt's share of the balance-sheet total rises from 50.3% to 70.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3.3m▲
2023 · €3.0m
Cash flow
€2.9m▲
2023 · €2.7m
Debt to equity
2.35▲
2023 · 1.02
ROE
6.0%▼
2023 · 8.6%
Interest coverage
14.62▼
2023 · 618.71
Debt ≤ 1 year
€17.0m▲
2023 · €6.9m
Income taxes
€217,627▼
2023 · €261,605
Staff costs
€6.3m▼
2023 · €6.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 733 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.0%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,341 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% 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 733 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.
Annual accounts
| Line | 2020 | 2022 | 2023 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €14.6m | €14.7m | €17.9m | €18.5m | ▲ 3.2% |
| Turnover70 | €11.7m | €12.6m | €13.0m | €15.8m | €16.1m | ▲ 1.3% |
| Other operating income74 | - | €2.0m | €1.7m | €2.1m | €2.4m | ▲ 17.8% |
| Non-recurring operating income76A | - | €1,423 | €6,599 | €0 | €0 | - |
| Operating charges60/66A | - | €13.9m | €14.0m | €17.1m | €17.6m | ▲ 3.2% |
| Goods for resale, raw materials and consumables60 | - | €3,775 | €241 | €0 | - | - |
| Purchases600/8 | - | €3,775 | €241 | €0 | - | - |
| Services and other goods61 | - | €7.1m | €6.8m | €8.5m | €8.9m | ▲ 5.1% |
| Remuneration, social security and pensions62 | - | €4.7m | €5.5m | €6.4m | €6.3m | ▼ 2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.8m | €2.1m | €1.6m | €2.2m | €2.5m | ▲ 14.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€7,550 | €46,849 | -€1,110 | -€50,655 | ▼ 4,464% |
| Other operating charges640/8 | - | €34,061 | €76,348 | €36,820 | €42,413 | ▲ 15.2% |
| Non-recurring operating charges66A | - | - | - | - | €0 | - |
| Operating profit (loss)9901 | €583,060 | €694,568 | €700,268 | €851,686 | €879,377 | ▲ 3.3% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Income from financial fixed assets750 | - | - | - | - | €0 | - |
| Income from current assets751 | - | - | - | - | €0 | - |
| Financial charges65/66B | - | €293 | €117 | €4,854 | €227,905 | ▲ 4,595% |
| Recurring financial charges65 | €198 | €293 | €117 | €4,854 | €227,905 | ▲ 4,595% |
| Debt charges650 | €198 | €293 | €117 | €4,854 | €227,905 | ▲ 4,595% |
| Profit (loss) for the period before taxes9903 | €582,862 | €694,275 | €700,151 | €846,832 | €651,472 | ▼ 23.1% |
| Income taxes67/77 | €205,249 | €208,690 | €230,159 | €261,605 | €217,627 | ▼ 16.8% |
| Taxes670/3 | - | €208,690 | €230,159 | €261,605 | €217,627 | ▼ 16.8% |
| Profit (loss) for the period9904 | €377,613 | €485,585 | €469,992 | €585,227 | €433,845 | ▼ 25.9% |
| Profit (loss) for the period to be appropriated9905 | €377,613 | €485,585 | €469,992 | €585,227 | €433,845 | ▼ 25.9% |
| Line | 2020 | 2022 | 2023 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.2m | €9.6m | €9.2m | €13.8m | €24.3m | ▲ 75.9% |
| Fixed assets21/28 | €6.5m | €5.3m | €6.1m | €9.1m | €10.4m | ▲ 13.7% |
| Intangible fixed assets21 | - | - | - | - | €0 | - |
| Tangible fixed assets22/27 | €6.5m | €5.3m | €6.1m | €9.1m | €10.4m | ▲ 13.7% |
| Plant, machinery and equipment23 | - | €3.4m | €3.7m | €4.6m | €3.3m | ▼ 28.7% |
| Furniture and vehicles24 | - | €1.5m | €190,567 | €151,539 | €89,686 | ▼ 40.8% |
| Other tangible fixed assets26 | - | - | - | €1.5m | €1.3m | ▼ 18.9% |
| Assets under construction and advance payments27 | - | €434,834 | €2.2m | €2.9m | €5.8m | ▲ 102% |
| Financial fixed assets28 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Other financial fixed assets284/8 | - | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Shares284 | - | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €0 | - |
| Current assets29/58 | €3.7m | €4.3m | €3.1m | €4.7m | €13.9m | ▲ 198% |
| Amounts receivable within one year40/41 | €3.6m | €4.1m | €2.9m | €4.5m | €13.7m | ▲ 206% |
| Trade receivables40 | - | €314,655 | €205,718 | €126,506 | €221,127 | ▲ 74.8% |
| Other amounts receivable41 | - | €3.8m | €2.7m | €4.4m | €13.5m | ▲ 209% |
| Cash at bank and in hand54/58 | €36,356 | €31,726 | €27,626 | €28,680 | €27,985 | ▼ 2.4% |
| Deferred charges and accrued income490/1 | - | €135,807 | €146,077 | €156,069 | €162,727 | ▲ 4.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.2m | €9.6m | €9.2m | €13.8m | €24.3m | ▲ 75.9% |
| Equity10/15 | €5.3m | €5.8m | €6.2m | €6.8m | €7.2m | ▲ 6.4% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Capital10 | - | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Issued capital100 | - | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Reserves13 | €20,079 | €20,079 | €20,079 | €20,079 | €20,079 | = |
| Non-distributable reserves130/1 | - | €20,079 | €20,079 | €20,079 | €20,079 | = |
| Legal reserve130 | - | €20,079 | €20,079 | €20,079 | €20,079 | = |
| Profit (loss) carried forward14 | €5.0m | €5.5m | €6.0m | €6.6m | €7.0m | ▲ 6.6% |
| Provisions and deferred taxes16 | €12,466 | €4,916 | €51,765 | €50,655 | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | - | €4,916 | €51,765 | €50,655 | €0 | ▼ 100% |
| Pensions and similar obligations160 | - | €4,916 | €51,765 | €50,655 | €0 | ▼ 100% |
| Amounts payable17/49 | €4.9m | €3.9m | €2.9m | €6.9m | €17.0m | ▲ 145% |
| Amounts payable within one year42/48 | €4.9m | €3.9m | €2.9m | €6.9m | €17.0m | ▲ 145% |
| Trade debts44 | €1.2m | €1.6m | €1.1m | €2.2m | €2.3m | ▲ 3.0% |
| Suppliers440/4 | - | €1.6m | €1.1m | €2.2m | €2.3m | ▲ 3.0% |
| Taxes, remuneration and social security45 | - | €911,663 | €1.2m | €1.4m | €1.4m | ▲ 0.2% |
| Taxes450/3 | - | €217,751 | €185,134 | €43,240 | €439,579 | ▲ 917% |
| Remuneration and social security454/9 | - | €693,912 | €1.0m | €1.4m | €964,462 | ▼ 29.0% |
| Other amounts payable47/48 | - | €1.4m | €619,083 | €3.3m | €13.3m | ▲ 303% |
| Line | 2020 | 2022 | 2023 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €377,613 | €485,585 | €469,992 | €585,227 | €433,845 | ▼ 25.9% |
| + Depreciation and write-downs630 | €1.8m | €2.1m | €1.6m | €2.2m | €2.5m | ▲ 14.0% |
| Operating cash flow (approximation) | €2.2m | €2.6m | €2.1m | €2.7m | €2.9m | ▲ 5.5% |
| Investment in fixed assets (approximation) | - | - | -€2.4m | - | -€3.7m | - |
| Change in cash | - | - | -€4,100 | - | -€695 | - |
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
2026
10-08
State Gazette act
Permanent representatives: Erik August Heuthorst and Steven van BaelReappointments: Edith Shih, Christian Nicolas Roger Salbaing and 4 others · Appointment: Etablissements A. Pasquasy NV (managing director)17 facts ▸
State Gazette act
Permanent representatives: Erik August Heuthorst and Steven van Bael
Reappointments: Edith Shih, Christian Nicolas Roger Salbaing and 4 others · Appointment: Etablissements A. Pasquasy NV (managing director)17 facts ▸
- Board meeting, 26-06-2026
- General meeting, 26-06-2026
- Director in office, Edith Shih (director)
- Director in office, Christian Nicolas Roger Salbaing (director)
- Director in office, Malina Man Lin Ngai (director)
- Director in office, Linda Alblas-van den Burg (director)
- Director in office, Etablissements A. Pasquasy NV (director)
- Permanent representative, Erik August Heuthorst (permanent representative)
- Director reappointment, Edith Shih (director)
- Director reappointment, Christian Nicolas Roger Salbaing (director)
- Director reappointment, Malina Man Lin Ngai (director)
- Director reappointment, Linda Alblas-van den Burg (director)
- +5 further facts in this act
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €585,227 ▲24.5%
Net result €585,227, the highest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 20 days late
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 6 days late
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
27-12
Financial
Equity above €5mEq €5.3m ▲7.7%
3 profitable years in a row build equity to €5.3m.
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 3 days late
2019
31-12
Financial
Weakest financial yearnet €284,649 ▼27.6%
Net result drops to €284,649, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 26 acts read
About the unread acts
Of the 26 Belgian State Gazette acts we know for this company, 1 has been read. The other 25 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26102433). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 5
Christian Nicolas Roger Salbaing
CurrentDirector
Edith Shih
CurrentDirector
Etablissements A. Pasquasy
CurrentDirector · Public limited company · perm. rep.: Erik August Heuthorst
Linda Alblas-van den Burg
CurrentDirector
Malina Man Lin Ngai
CurrentDirector
Day-to-day management 1
Etablissements A. Pasquasy
CurrentManaging director · since 26-06-2026 · Public limited company · perm. rep.: Erik August Heuthorst
Permanent representatives 1
Erik August Heuthorst
CurrentPermanent representative · for Etablissements A. Pasquasy
Statutory auditor 1
PricewaterhouseCoopers Reviseurs d'Entreprises
CurrentStatutory auditor · since 10-08-2026 · perm. rep.: Steven van Bael
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
25 of this company's 26 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
Registered office, Vilvoorde · 1 establishment unit since 1988
Ground area
7.7 ha
Building footprint
5.2 ha
Parcel 23644I0371/00F003, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Schaarbeeklei 499, 1800 Vilvoorde
since 19882.038.682.850
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23644I0371/00F003 | Flanders | 7.7 ha | 1 · 5.2 ha | - |
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.
Mandate history
6 people since 2026, 6 in office
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Etablissements A. Pasquasy |
|
| Christian Nicolas Roger Salbaing |
|
| Edith Shih |
|
| Linda Alblas-van den Burg |
|
| Malina Man Lin Ngai |
|
| PricewaterhouseCoopers Reviseurs d'Entreprises |
|
Structure & network
Owners and holdings
1 ownerChain of control
- Etablissements A. Pasquasy
- PARBELUX
Highest known parent: Etablissements A. Pasquasy. The sources do not say who stands above it.
Owners 1
-
98.8%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
Parfumerie Ici Paris XL
Shared corporate director
→
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 6,365 EUR awarded · 6,365 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 460 EUR | 460 EUR |
| 2024 | 1 | 1,227 EUR | 1,227 EUR |
| 2023 | 1 | 2,991 EUR | 2,991 EUR |
| 2022 | 1 | 1,687 EUR | 1,687 EUR |
Schemes
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Company details
Identification
Legal formPublic limited company
Founded24-05-1988
Fiscal year end29-12
Activities, NACEBEL 2025
46450Wholesale of perfume and cosmetics
E-invoicing
Reachable via Peppol
Peppol ID
0208:0434337888
Also
9925:BE0434337888
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.