PARCLES
ActiveSummary
PARCLES has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €160,579 and a net result of -€8,305. Equity is shrinking by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 4238 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▲+12
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
short-term debt: 0.5% and cash: 0% of total assets, and 0.5% of the assets are financed with debt.
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Signals
Six 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 →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€8,305
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
52 d late
2024
72 d early
2023
48 d early
2022
28 d early
2021
4 d early
2020
96 d late
2019
61 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 8 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 3 July (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€8,305▲ 95.5%
2024 · -€186,472
Working capital
€160,579▼ 1.1%
2024 · €162,336
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€25,296▲ 50.3%-€14,013▲ 44.6%-€105,453▼ 653%-€217,509▼ 106%-€8,557▲ 96.1%
Net result€27,436within the sector's middle half-€64,417below the sector's middle half-€67,379below the sector's middle half▼ 4.6%-€186,472below the sector's middle half▼ 177%-€8,305below the sector's middle half▲ 95.5%
Equity€487,152within the sector's middle half▲ 6.0%€422,735within the sector's middle half▼ 13.2%€355,356within the sector's middle half▼ 15.9%€168,884within the sector's middle half▼ 52.5%€160,579within the sector's middle half▼ 4.9%
Total assets€496,810within the sector's middle half▲ 4.5%€504,181within the sector's middle half▲ 1.5%€389,204below the sector's middle half▼ 22.8%€216,873below the sector's middle half▼ 44.3%€161,430below the sector's middle half▼ 25.6%
Debt€9,658▼ 37.7%€81,446▲ 743%€33,848▼ 58.4%€47,989▲ 41.8%€851▼ 98.2%
Working capital€482,329above the sector's middle half▲ 5.3%€393,907within the sector's middle half▼ 18.3%€335,643within the sector's middle half▼ 14.8%€162,336within the sector's middle half▼ 51.6%€160,579within the sector's middle half▼ 1.1%
Solvency98.1%above the sector's middle half▲ 1.3pp83.8%above the sector's middle half▼ 14.2pp91.3%above the sector's middle half▲ 7.5pp77.9%above the sector's middle half▼ 13.4pp99.5%above the sector's middle half▲ 21.6pp
Current ratio62.84above the sector's middle half▲ 28.295.95above the sector's middle half▼ 56.9011.49above the sector's middle half▲ 5.544.38above the sector's middle half▼ 7.11
Return on assets (ROA)5.5%within the sector's middle half▲ 13.9pp-12.8%below the sector's middle half▼ 18.3pp-17.3%below the sector's middle half▼ 4.5pp-86.0%below the sector's middle half▼ 68.7pp-5.1%below the sector's middle half▲ 80.8pp
Staff (FTE)2.1below the sector's middle half▼ 32.3%2.8within the sector's middle half▲ 33.3%3within the sector's middle half▲ 7.1%1.4below the sector's middle half▼ 53.3%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8,557 in 2025 against €217,509 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €161,430
Equity
€160,579 ▼ 4.9%
Debt
€851 ▼ 98.2%
Debt's share of the balance-sheet total falls from 22.1% to 0.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€8,133▲
2024 · -€216,184
Cash flow
-€7,881▲
2024 · -€185,147
Debt to equity
0.01▼
2024 · 0.28
ROE
-5.2%▲
2024 · -110.4%
Interest coverage
-1.34▲
2024 · -28.09
Debt ≤ 1 year
€851▼
2024 · €47,989
Staff costs
€806▼
2024 · €237,295
A ratio outside any meaningful range has been withheld (balance sheet total €161,430, equity €160,579).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,340 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 12,321 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5,779 | - | €2,634 | - | - |
| Remuneration, social security and pensions62 | €12,849 | €108,069 | €126,740 | €237,295 | €806 | ▼ 99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €4,945 | €9,115 | €1,325 | €424 | ▼ 68.0% |
| Other operating charges640/8 | €539 | €678 | €471 | €521 | - | - |
| Non-recurring operating charges66A | - | - | - | €6,901 | - | - |
| Gross operating margin9900 | -€11,908 | €99,679 | €30,873 | €28,533 | -€7,327 | ▼ 126% |
| Operating profit (loss)9901 | -€25,296 | -€14,013 | -€105,453 | -€217,509 | -€8,557 | ▲ 96.1% |
| Financial income75/76B | €53,153 | €48 | €44,102 | €38,937 | €6,328 | ▼ 83.7% |
| Recurring financial income75 | €53,153 | €48 | €44,102 | €38,937 | €6,328 | ▼ 83.7% |
| Financial charges65/66B | €421 | €50,452 | €5,966 | €7,697 | €6,076 | ▼ 21.1% |
| Recurring financial charges65 | €421 | €50,452 | €5,966 | €7,697 | €6,076 | ▼ 21.1% |
| Profit (loss) for the period before taxes9903 | €27,436 | -€64,417 | -€67,317 | -€186,269 | -€8,305 | ▲ 95.5% |
| Income taxes67/77 | - | - | €62 | €203 | - | - |
| Profit (loss) for the period9904 | €27,436 | -€64,417 | -€67,379 | -€186,472 | -€8,305 | ▲ 95.5% |
| Profit (loss) for the period to be appropriated9905 | €27,436 | -€64,417 | -€67,379 | -€186,472 | -€8,305 | ▲ 95.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €496,810 | €504,181 | €389,204 | €216,873 | €161,430 | ▼ 25.6% |
| Fixed assets21/28 | €6,682 | €30,687 | €21,572 | €6,548 | - | - |
| Tangible fixed assets22/27 | - | €24,005 | €14,890 | €424 | - | - |
| Land and buildings22 | - | €3,733 | €2,930 | - | - | - |
| Plant, machinery and equipment23 | - | €1,469 | €947 | €424 | - | - |
| Furniture and vehicles24 | - | €18,803 | €11,013 | - | - | - |
| Financial fixed assets28 | €6,682 | €6,682 | €6,682 | €6,124 | - | - |
| Current assets29/58 | €490,128 | €473,494 | €367,632 | €210,325 | €161,430 | ▼ 23.2% |
| Stocks and contracts in progress3 | €45,247 | €25,979 | €8,066 | - | - | - |
| Stocks30/36 | €45,247 | €25,979 | €8,066 | - | - | - |
| Amounts receivable within one year40/41 | €85,757 | €58,402 | €5,912 | €22,893 | €58,120 | ▲ 154% |
| Trade receivables40 | €2,049 | €48,706 | €5,912 | €195 | - | - |
| Other amounts receivable41 | €83,708 | €9,696 | - | €22,698 | €58,120 | ▲ 156% |
| Current investments50/53 | €352,660 | €358,355 | €337,230 | €186,168 | €103,308 | ▼ 44.5% |
| Cash at bank and in hand54/58 | €6,464 | €30,758 | €16,424 | €1,264 | €2 | ▼ 99.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €496,810 | €504,181 | €389,204 | €216,873 | €161,430 | ▼ 25.6% |
| Equity10/15 | €487,152 | €422,735 | €355,356 | €168,884 | €160,579 | ▼ 4.9% |
| Contributions10/11 | €141,500 | €141,500 | €141,500 | €141,500 | €141,500 | = |
| Outside capital11 | €141,500 | €141,500 | €141,500 | €141,500 | €141,500 | = |
| Other1109/19 | €141,500 | €141,500 | €141,500 | €141,500 | €141,500 | = |
| Reserves13 | €67,496 | €67,496 | €67,496 | €67,496 | €67,496 | = |
| Non-distributable reserves130/1 | €24,789 | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Reserves not available under the articles1311 | €24,789 | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Tax-exempt reserves132 | €37,500 | €37,500 | €37,500 | €37,500 | €37,500 | = |
| Distributable reserves133 | €5,207 | €5,207 | €5,207 | €5,207 | €5,207 | = |
| Profit (loss) carried forward14 | €278,156 | €213,739 | €146,360 | -€40,112 | -€48,417 | ▼ 20.7% |
| Amounts payable17/49 | €9,658 | €81,446 | €33,848 | €47,989 | €851 | ▼ 98.2% |
| Amounts payable after more than one year17 | €1,859 | €1,859 | €1,859 | - | - | - |
| Other amounts payable178/9 | €1,859 | €1,859 | €1,859 | - | - | - |
| Amounts payable within one year42/48 | €7,799 | €79,587 | €31,989 | €47,989 | €851 | ▼ 98.2% |
| Financial debts43 | - | - | - | - | €851 | - |
| Credit institutions430/8 | - | - | - | - | €851 | - |
| Trade debts44 | €66 | €41,842 | €26,908 | €6,065 | - | - |
| Suppliers440/4 | €66 | €41,842 | €26,908 | €6,065 | - | - |
| Taxes, remuneration and social security45 | €7,733 | €37,745 | €4,209 | €41,924 | - | - |
| Taxes450/3 | €2 | €7,381 | €2,466 | - | - | - |
| Remuneration and social security454/9 | €7,731 | €30,364 | €1,743 | €41,924 | - | - |
| Other amounts payable47/48 | - | - | €872 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,436 | -€64,417 | -€67,379 | -€186,472 | -€8,305 | ▲ 95.5% |
| + Depreciation and write-downs630 | - | €4,945 | €9,115 | €1,325 | €424 | ▼ 68.0% |
| Operating cash flow (approximation) | €27,436 | -€59,472 | -€58,264 | -€185,147 | -€7,881 | ▲ 95.7% |
| Investment in fixed assets (approximation) | - | -€28,950 | €0 | €13,699 | - | - |
| Change in cash | - | €24,294 | -€14,334 | -€15,160 | -€1,262 | ▲ 91.7% |
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
21-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 52 days late
2025
31-12
Financial
Liquidity times 43current ratio 189.69
Current ratio from 4.38 to 189.69; short-term debt falls from €47,989 to €851.
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€186,472
Net result drops to -€186,472, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €27,436
Net result €27,436 after one loss-making year.
04-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 96 days late
2020
31-12
Financial
Liquidity times 5current ratio 34.55
Current ratio from 6.87 to 34.55; short-term debt falls from €84,714 to €13,647.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
31-12
Financial
Back to profitnet €67,357
Net result €67,357 after one loss-making year.
Show earlier events
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Brussel · 1 establishment unit since 1989
Ground area
2,396 m²
Building footprint
487 m²
Volume, LiDAR
6,771 m³
Parcel 21822R0266/00L000, Brussels · tallest building 18.6 m, ±5 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
GOBELINS ART
since 19892.043.069.626
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0266/00L000 | Brussels | 2,396 m² | 1 · 487 m² | 18.6 m · 5 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.
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Of 531 companies in sector 47530 we hold annual accounts for 323. 272 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-03-1989
Fiscal year end31-12
Activities, NACEBEL 2025
47530Retail trade
E-invoicing
Not found in the Peppol register
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.