PARDEL
ActiveSummary
PARDEL has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.2m and a net result of €8,996. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 19375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability35▼-34
Solvency40▼-4
Growth43=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity short (current ratio 0.14 against 0.08 in 2023; short-term debt: 41.5% and cash: 3.1% of total assets), and 85.1% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
14.9%
Return on assets
0.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
54 d late
2022
142 d late
2021
40 d early
2020
23 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 13 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#2 company by total assets in Braine-l'Alleud, Real estate sector#6 company by equity in Braine-l'Alleud, Real estate sector
Turnover
€364,354▼ 8.2%
2020 · €397,024
EBIT margin
1.3%▼ 19.7pp
2020 · 21.0%
Net result
€8,996
2023 · -€1,608
Working capital
-€5.3m▼ 1.4%
2023 · -€5.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Line20202021202220232024
Turnover€397,024▼ 4.1%€364,354▼ 8.2%
Operating result€83,182▼ 25.2%€4,613▼ 94.5%€102,850▲ 2,129%€3,359▼ 96.7%€45,580▲ 1,257%
Net result€81,881within the sector's middle half▼ 26.0%€4,217within the sector's middle half▼ 94.9%€101,803above the sector's middle half▲ 2,314%-€1,608within the sector's middle half€8,996within the sector's middle half
EBIT margin21.0%▼ 5.9pp1.3%▼ 19.7pp
Equity-€1.8mbelow the sector's middle half▲ 4.4%-€1.8mbelow the sector's middle half▲ 0.2%€2.2mabove the sector's middle half€2.2mabove the sector's middle half▼ 0.1%€2.2mabove the sector's middle half▲ 0.4%
Total assets€7.9mwithin the sector's middle half▼ 0.8%€7.7mwithin the sector's middle half▼ 2.5%€12.1mabove the sector's middle half▲ 57.0%€12.0mabove the sector's middle half▼ 1.0%€15.0mabove the sector's middle half▲ 25.8%
Debt€9.7m▼ 1.5%€9.5m▼ 2.1%€9.8m▲ 4.2%€9.7m▼ 1.2%€12.8m▲ 31.6%
Working capital-€2.8mbelow the sector's middle half▲ 8.0%-€2.6mbelow the sector's middle half▲ 6.8%-€5.4mbelow the sector's middle half▼ 107%-€5.3mbelow the sector's middle half▲ 3.2%-€5.3mbelow the sector's middle half▼ 1.4%
Solvency-22.4%below the sector's middle half▲ 0.8pp-22.9%below the sector's middle half▼ 0.5pp18.5%within the sector's middle half▲ 41.4pp18.6%within the sector's middle half▲ 0.2pp14.9%within the sector's middle half▼ 3.8pp
Current ratio0.50within the sector's middle half▲ 0.030.52within the sector's middle half▲ 0.020.07below the sector's middle half▼ 0.450.08below the sector's middle half▲ 0.010.14below the sector's middle half▲ 0.07
Return on assets (ROA)1.0%within the sector's middle half▼ 0.4pp0.1%within the sector's middle half▼ 1.0pp0.8%within the sector's middle half▲ 0.8pp0.0%within the sector's middle half▼ 0.9pp0.1%within the sector's middle half▲ 0.1pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1,257% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €15.0m
Fixed assets
€14.1m ▲ 22.9%
Current assets
€898,382 ▲ 99.9%
Equity and liabilities €15.0m
Equity
€2.2m ▲ 0.4%
Debt
€12.8m ▲ 31.6%
Debt's share of the balance-sheet total rises from 81.4% to 85.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€70,621▼
2023 · €205,736
Cash flow
€34,037▼
2023 · €200,769
Debt to equity
5.72▲
2023 · 4.36
ROE
0.4%▲
2023 · -0.1%
Interest coverage
1.93▼
2023 · 41.41
Debt ≤ 1 year
€6.2m▲
2023 · €5.7m
Debt > 1 year
€6.6m▲
2023 · €4.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €364,354 | - | - | - | - |
| Turnover70 | €397,024 | €364,354 | - | - | - | - |
| Operating charges60/66A | - | €359,740 | - | - | - | - |
| Services and other goods61 | - | €70,844 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €186,926 | €186,926 | €200,833 | €202,377 | €25,041 | ▼ 87.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €50,000 | - | - | - | - |
| Other operating charges640/8 | - | €51,969 | €53,236 | €0 | €1,018 | - |
| Operating charges capitalised as restructuring costs649 | - | - | - | - | €0 | - |
| Non-recurring operating charges66A | - | - | - | -€387 | - | - |
| Gross operating margin9900 | - | - | €356,919 | €205,349 | €71,639 | ▼ 65.1% |
| Operating profit (loss)9901 | €83,182 | €4,613 | €102,850 | €3,359 | €45,580 | ▲ 1,257% |
| Financial income75/76B | - | - | - | €1 | €41 | ▲ 5,713% |
| Recurring financial income75 | - | - | - | €1 | €41 | ▲ 5,713% |
| Financial charges65/66B | - | €397 | €1,047 | €4,968 | €36,625 | ▲ 637% |
| Recurring financial charges65 | €230 | €397 | €1,047 | €4,968 | €36,625 | ▲ 637% |
| Debt charges650 | €230 | €397 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €81,827 | €4,217 | €101,803 | -€1,608 | €8,996 | ▲ 659% |
| Income taxes67/77 | -€54 | - | - | - | - | - |
| Profit (loss) for the period9904 | €81,881 | €4,217 | €101,803 | -€1,608 | €8,996 | ▲ 659% |
| Profit (loss) for the period to be appropriated9905 | €81,881 | €4,217 | €101,803 | -€1,608 | €8,996 | ▲ 659% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.9m | €7.7m | €12.1m | €12.0m | €15.0m | ▲ 25.8% |
| Fixed assets21/28 | €5.1m | €4.9m | €11.7m | €11.5m | €14.1m | ▲ 22.9% |
| Tangible fixed assets22/27 | €2.9m | €2.7m | €6.5m | €6.4m | €6.5m | ▲ 1.5% |
| Land and buildings22 | - | €2.7m | €6.5m | €6.4m | €6.4m | ▲ 1.3% |
| Plant, machinery and equipment23 | - | €23,943 | - | - | €5,528 | - |
| Furniture and vehicles24 | - | - | - | €4,520 | €9,845 | ▲ 118% |
| Financial fixed assets28 | €2.2m | €2.2m | €5.1m | €5.1m | €7.7m | ▲ 49.4% |
| Affiliated companies280/1 | - | €1.8m | - | - | - | - |
| Participating interests280 | - | €908,638 | - | - | - | - |
| Amounts receivable281 | - | €877,938 | - | - | - | - |
| Other financial fixed assets284/8 | - | €377,229 | - | - | - | - |
| Shares284 | - | €377,229 | - | - | - | - |
| Current assets29/58 | €2.8m | €2.8m | €395,361 | €449,368 | €898,382 | ▲ 99.9% |
| Amounts receivable after more than one year29 | - | €36,865 | - | - | - | - |
| Other amounts receivable291 | - | €36,865 | - | - | - | - |
| Amounts receivable within one year40/41 | €2.8m | €2.8m | €375,188 | €402,482 | €431,009 | ▲ 7.1% |
| Trade receivables40 | - | €4,908 | €38,852 | €156,026 | €141,045 | ▼ 9.6% |
| Other amounts receivable41 | - | €2.8m | €336,335 | €246,455 | €289,964 | ▲ 17.7% |
| Cash at bank and in hand54/58 | €10,725 | €1,539 | €17,747 | €46,886 | €467,373 | ▲ 897% |
| Deferred charges and accrued income490/1 | - | - | €2,427 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.9m | €7.7m | €12.1m | €12.0m | €15.0m | ▲ 25.8% |
| Equity10/15 | -€1.8m | -€1.8m | €2.2m | €2.2m | €2.2m | ▲ 0.4% |
| Contributions10/11 | €20.1m | €20.1m | €20.1m | €20.1m | €20.1m | = |
| Capital10 | - | €20.1m | €20.1m | €20.1m | €20.1m | = |
| Issued capital100 | - | €20.1m | €20.1m | €20.1m | €20.1m | = |
| Revaluation surpluses12 | - | - | €3.9m | €3.9m | €3.9m | = |
| Profit (loss) carried forward14 | -€21.8m | -€21.8m | -€21.7m | -€21.7m | -€21.7m | = |
| Amounts payable17/49 | €9.7m | €9.5m | €9.8m | €9.7m | €12.8m | ▲ 31.6% |
| Amounts payable after more than one year17 | €4.0m | €4.0m | €4.0m | €4.0m | €6.6m | ▲ 63.7% |
| Financial debts170/4 | - | €4.0m | €4.0m | €4.0m | €6.5m | ▲ 63.7% |
| Subordinated loans170 | - | €4.0m | - | - | - | - |
| Other amounts payable178/9 | - | - | - | €900 | €900 | = |
| Amounts payable within one year42/48 | €5.7m | €5.5m | €5.8m | €5.7m | €6.2m | ▲ 9.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €2,167 | - |
| Financial debts43 | - | - | €184 | €300 | - | - |
| Credit institutions430/8 | - | - | €184 | €300 | - | - |
| Trade debts44 | €171,598 | €179,386 | €144,166 | €86,021 | €198,344 | ▲ 131% |
| Suppliers440/4 | - | €179,386 | €144,166 | €86,021 | €198,344 | ▲ 131% |
| Other amounts payable47/48 | - | €5.3m | €5.7m | €5.6m | €6.0m | ▲ 7.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €81,881 | €4,217 | €101,803 | -€1,608 | €8,996 | ▲ 659% |
| + Depreciation and write-downs630 | €186,926 | €186,926 | €200,833 | €202,377 | €25,041 | ▼ 87.6% |
| Operating cash flow (approximation) | €268,807 | €191,143 | €302,636 | €200,769 | €34,037 | ▼ 83.0% |
| Investment in fixed assets (approximation) | - | €0 | -€7.0m | -€25,432 | -€2.7m | ▼ 10,348% |
| Change in cash | - | -€9,187 | €16,208 | €29,140 | €420,487 | ▲ 1,343% |
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
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €8,996
Net result €8,996 after one loss-making year.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
31-12
Financial
Weakest financial yearnet -€1,608
Net result drops to -€1,608, the lowest in the series; recovery starts the following year.
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 142 days late
2022
31-12
Financial
Equity above €2mEq €2.2m
5 profitable years in a row build equity to €2.2m.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €110,644 ▲27.7%
Operating result €111,223, net result €110,644, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · full 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, Braine-l'Alleud · 1 establishment unit since 1995
Ground area
8,870 m²
Building footprint
526 m²
Volume, LiDAR
2,110 m³
2 parcels, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
17
companies at this address
See who is registered here
1 establishment unit
PRADEL
since 19952.072.045.803
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25078C0205/00F000 | Wallonia | 6,897 m² | 1 · 198 m² | 6.6 m · 2 fl. |
| 25076B0345/00H000 | Wallonia | 1,973 m² | 1 · 328 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900CIHSDDA95JZO76
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Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 3,528 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
Founded22-12-1994
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454166470
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.