PARDIS has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €64.0m and a net result of €473,401. Equity is growing by about 7.2% per year across the filed financial years. Its solvency ranks better than 57% of 1,158 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
PARGECOManaging director · permanent representative Thomas Marchandise
Auditor: BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES2025 accounts 9 days early
Why 90raises riskLiquidity: current ratio 0.56, cash €822,6831 of the last 3 latelowers riskSize: turnover €1.2m, total assets €119.1mLegal form: public limited companyShow the evidence
Checked score
Score 2025
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
90/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 40% of its sector peers (NACE 82, large)
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Average
Solvency79-2
equity 53.8% of total assets
Liquidity46=
short-term debt 18.2% · cash 0.7%
Profitability49-1
return on assets 0.4%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
0.1%Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Sector median 0.1% (51 companies, NACE 82, large)
Last 24 months11-2024: 0.1%12-2024: 0.1%● unchanged vs 11-202401-2025: 0.1%● unchanged vs 12-202402-2025: 0.1%● unchanged vs 01-2025lowest value03-2025: 0.1%● unchanged vs 02-202504-2025: 0.1%● unchanged vs 03-202505-2025: 0.1%● unchanged vs 04-202506-2025: 0.1%● unchanged vs 05-202507-2025: 0.2%▲ +0.1 percentage points vs 06-202508-2025: 1.0%▲ +0.8 percentage points vs 07-2025highest value09-2025: 1.0%● unchanged vs 08-2025highest value10-2025: 1.0%● unchanged vs 09-2025highest value11-2025: 1.0%● unchanged vs 10-2025highest value12-2025: 0.4%▼ -0.6 percentage points vs 11-202501-2026: 0.4%● unchanged vs 12-202502-2026: 0.4%● unchanged vs 01-202603-2026: 0.4%● unchanged vs 02-202604-2026: 0.4%● unchanged vs 03-202605-2026: 0.4%● unchanged vs 04-202606-2026: 0.4%● unchanged vs 05-202607-2026: 0.4%● unchanged vs 06-202608-2026: 0.1%▼ -0.3 percentage points vs 07-202609-2026: 0.1%● unchanged vs 08-202610-2026: 0.1%● unchanged vs 09-2026
Credit of up to €110,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.56, compared with 1.14 in 2024, below 1; short-term debt: 18.2% and cash: 0.7% of total assets), and 46.2% of the assets are financed with debt and provisions.
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 82, large): better than 43% on solvency, 33% on liquidity, 47% on profitability and 39% on growth.
The bankruptcy probability was computed on 25-10-2026 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).
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days after the deadline; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% 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. The company usually files around 21 August (4 of the last 5 filed years within 30 days of that day).
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€119.1m2025Equity€64.0m2025Debt€55.0m2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€9.4m2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin37.6%2025Return on assets (ROA)0.4%2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency53.8%2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.562025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 82, Office administrative, office support and other business support activities: 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).
Every figure with its change against the financial year before
Net result€0.2m-€0.05m▼ 75.3%€10.0mabove the sector's middle half▲ 208×€1.9mabove the sector's middle half▼ 80.6%€32.8mabove the sector's middle half▲ 17×€0.7mabove the sector's middle half▼ 97.7%€1.5mabove the sector's middle half▲ 102%€0.5mabove the sector's middle half▼ 68.4%
Equity€43.1m-€42.2m▼ 2.3%€50.2mabove the sector's middle half▲ 19.0%€51.6mabove the sector's middle half▲ 2.8%€63.1mabove the sector's middle half▲ 22.4%€63.9mabove the sector's middle half▲ 1.2%€65.4mabove the sector's middle half▲ 2.3%€64.0mabove the sector's middle half▼ 2.1%
Total assets€70.5m-€68.5m▼ 2.9%€52.8mabove the sector's middle half▼ 23.0%€52.9mabove the sector's middle half▲ 0.3%€129.2mabove the sector's middle half▲ 144%€116.0mabove the sector's middle half▼ 10.2%€116.7mabove the sector's middle half▲ 0.6%€119.1mabove the sector's middle half▲ 2.1%
Working capital€4.4m-€0.8m▼ 82.5%-€0.7mbelow the sector's middle half€1.4mabove the sector's middle half€10.3mabove the sector's middle half▲ 653%-€7.4mbelow the sector's middle half€2.6mabove the sector's middle half-€9.4mbelow the sector's middle half
Solvency61.2%-61.6%▲ 0.4pp95.1%above the sector's middle half▲ 33.6pp97.6%above the sector's middle half▲ 2.4pp48.9%within the sector's middle half▼ 48.7pp55.1%within the sector's middle half▲ 6.2pp56.1%within the sector's middle half▲ 1.0pp53.8%within the sector's middle half▼ 2.3pp
Current ratio8.25-1.57▼ 6.680.75within the sector's middle half▼ 0.822.94within the sector's middle half▲ 2.201.33within the sector's middle half▼ 1.610.69below the sector's middle half▼ 0.651.14within the sector's middle half▲ 0.450.56below the sector's middle half▼ 0.57
Return on assets (ROA)0.3%-0.1%▼ 0.2pp19.0%above the sector's middle half▲ 18.9pp3.7%within the sector's middle half▼ 15.3pp25.4%above the sector's middle half▲ 21.7pp0.6%within the sector's middle half▼ 24.7pp1.3%within the sector's middle half▲ 0.6pp0.4%within the sector's middle half▼ 0.9pp
abovewithinbelowthe middle half of NACE 82, Office administrative, office support and other business support activities: 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €119.1m
89.7%
10%
Fixed assets€106.8m ▲ 12.6%
Current assets€12.3m ▼ 43.9%
Equity and liabilities €119.1m
53.8%
46.2%
Equity€64.0m ▼ 2.1%
Provisions€29,512 ▼ 20.8%
Debt€55.0m ▲ 7.4%
Debt's share of the balance-sheet total rises from 43.9% to 46.2%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€657,136▼
2024 · €1.1m
Cash flow
€685,865▼
2024 · €1.7m
Debt to equity
0.86▲
2024 · 0.78
ROE
0.7%▼
2024 · 2.3%
Interest coverage
0.44▼
2024 · 0.55
Debt ≤ 1 year
€21.7m▲
2024 · €19.2m
Debt > 1 year
€32.9m▲
2024 · €31.7m
Income taxes
€190,469▲
2024 · -€11,734
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 87 lines
Balance sheetCode20242025
Assets
Total assets20/58€116.7m€119.1m▲
Formation expenses20€0€0=
Fixed assets21/28€94.8m€106.8m▲
Intangible fixed assets21€0.006m€0.01m▲
Tangible fixed assets22/27€3.0m€2.9m▼
Land and buildings22€2.5m€2.4m▼
Furniture and vehicles24€87€0▼
Other tangible fixed assets26€0.5m€0.5m▼
Financial fixed assets28€91.8m€103.9m▲
Affiliated companies280/1€88.4m€95.4m▲
Participating interests280€63.7m€74.5m▲
Amounts receivable281€24.7m€20.9m▼
Other financial fixed assets284/8€3.4m€8.5m▲
Shares284€0.2m€0.2m=
Amounts receivable and cash guarantees285/8€3.3m€8.3m▲
Current assets29/58€21.8m€12.3m▼
Amounts receivable within one year40/41€15.6m€10.1m▼
Trade receivables40€3.2m€0.5m▼
Other amounts receivable41€12.4m€9.5m▼
Current investments50/53€4.0m-
Own shares50€1.8m-
Other investments51/53€2.2m-
Cash at bank and in hand54/58€0.2m€0.8m▲
Deferred charges and accrued income490/1€2.0m€1.4m▼
Equity and liabilities
Total equity and liabilities10/49€116.7m€119.1m▲
Equity10/15€65.4m€64.0m▼
Contributions10/11€1.3m€1.3m=
Capital10€0.6m€0.6m=
Issued capital100€0.6m€0.6m=
Contributions outside capital11€0.8m€0.8m=
Share premium1100/10€0.8m€0.8m=
Revaluation surpluses12€8.7m€8.7m=
Reserves13€3.8m€2.2m▼
Non-distributable reserves130/1€3.7m€1.9m▼
Legal reserve130€1.9m€1.9m=
Own shares acquired1312€1.8m-
Tax-exempt reserves132€0.07m€0.3m▲
Profit (loss) carried forward14€51.6m€51.8m▲
Provisions and deferred taxes16€0.04m€0.03m▼
Deferred taxes168€0.04m€0.03m▼
Amounts payable17/49€51.2m€55.0m▲
Amounts payable after more than one year17€31.7m€32.9m▲
Financial debts170/4€28.5m€32.9m▲
Credit institutions173€28.5m€32.8m▲
Other loans174-€0.1m
Other amounts payable178/9€3.2m€0.004m▼
Amounts payable within one year42/48€19.2m€21.7m▲
Current portion of amounts payable after more than one year42€7.5m€1.5m▼
Financial debts43€2.2m-
Credit institutions430/8€2.2m-
Trade debts44€0.1m€0.4m▲
Suppliers440/4€0.1m€0.4m▲
Taxes, remuneration and social security45€0.04m€0.07m▲
Taxes450/3€0.04m€0.07m▲
Other amounts payable47/48€9.3m€19.7m▲
Accrued charges and deferred income492/3€0.4m€0.4m▼
Income statementCode20242025
Operating income70/76A€4.7m€2.6m▼
Turnover70€1.1m€1.2m▲
Other operating income74€3.2m€1.5m▼
Non-recurring operating income76A€0.3m-
Operating charges60/66A€3.7m€2.2m▼
Services and other goods61€3.4m€1.8m▼
Remuneration, social security and pensions62€0.001m-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.2m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.02m-
Other operating charges640/8€0.1m€0.1m▲
Operating profit (loss)9901€0.9m€0.4m▼
Financial income75/76B€2.6m€1.7m▼
Recurring financial income75€2.6m€1.7m▼
Income from financial fixed assets750€1.5m€0.5m▼
Income from current assets751€1.1m€1.2m▲
Other financial income752/9-€0.002m
Financial charges65/66B€2.0m€1.5m▼
Recurring financial charges65€2.0m€1.5m▼
Debt charges650€2.0m€1.5m▼
Other financial charges652/9€224€0.001m▲
Profit (loss) for the period before taxes9903€1.5m€0.7m▼
Transfer from deferred taxes780€0.008m€0.008m=
Income taxes67/77-€0.01m€0.2m▲
Taxes670/3€0.01m€0.2m▲
Tax adjustments and reversals of tax provisions77€0.02m-
Profit (loss) for the period9904€1.5m€0.5m▼
Transfer from tax-exempt reserves789€0.02m€0.02m=
Transfer to tax-exempt reserves689-€0.2m
Profit (loss) for the period to be appropriated9905€1.5m€0.2m▼
Appropriation of the result
Profit (loss) to be appropriated9906€51.6m€51.8m▲
Profit (loss) brought forward from the previous period14P€50.0m€51.6m▲
The notes to these accounts (66 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Operating income70/76A
-
-
-
-
€28.5m
€1.2m
€4.7m
€2.6m
▼ 43.3%
Turnover70
-
-
-
-
€0.3m
€1.1m
€1.1m
€1.2m
▲ 3.6%
Other operating income74
-
-
-
-
€0.04m
€0.1m
€3.2m
€1.5m
▼ 54.5%
Non-recurring operating income76A
-
-
-
-
€28.2m
-
€0.3m
-
-
Operating charges60/66A
-
-
-
€0.6m
-€0.4m
€0.6m
€3.7m
€2.2m
▼ 41.5%
Services and other goods61
-
-
-
€0.04m
€0.2m
€0.3m
€3.4m
€1.8m
▼ 46.2%
Remuneration, social security and pensions62
-
-
-
-
-
-
€0.001m
-
-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
-
-
-
-
€0.05m
€0.2m
€0.2m
€0.2m
▲ 3.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
-
-
-
-
-
-
€0.02m
-
-
Provisions for liabilities and charges: additions (uses and reversals)635/8
-
-
-
€0.6m
-€0.6m
-
-
-
-
Other operating charges640/8
-
-
-
€0.001m
€0.001m
€0.1m
€0.1m
€0.1m
▲ 41.1%
Non-recurring operating charges66A
-
-
-
€0.001m
-
-
-
-
-
Operating profit (loss)9901
-€0.1m
-€0.02m
-€0.08m
-€0.6m
€28.9m
€0.6m
€0.9m
€0.4m
▼ 51.1%
Financial income75/76B
-
-
-
€2.7m
€4.3m
€2.2m
€2.6m
€1.7m
▼ 35.1%
Recurring financial income75
€0.5m
€0.4m
€10.8m
€2.7m
€4.3m
€2.2m
€2.6m
€1.7m
▼ 35.1%
Income from financial fixed assets750
-
-
-
€2.5m
€4.0m
€0.7m
€1.5m
€0.5m
▼ 67.4%
Income from current assets751
-
-
-
€0.2m
€0.4m
€1.5m
€1.1m
€1.2m
▲ 10.8%
Other financial income752/9
-
-
-
-
€0.003m
€0.001m
-
€0.002m
-
Non-recurring financial income76B
-
-
-
€0.001m
-
-
-
-
-
Financial charges65/66B
-
-
-
€0.1m
€0.4m
€2.1m
€2.0m
€1.5m
▼ 27.2%
Recurring financial charges65
€0.2m
€0.3m
€0.3m
€0.03m
€0.4m
€2.1m
€2.0m
€1.5m
▼ 27.2%
Debt charges650
€0.2m
€0.3m
€0.3m
€0.03m
€0.3m
€2.1m
€2.0m
€1.5m
▼ 27.3%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651
-
-
-
-
€0.06m
-
-
-
-
Other financial charges652/9
-
-
-
-
€0.001m
-
€224
€0.001m
▲ 365%
Non-recurring financial charges66B
-
-
-
€0.1m
-
-
-
-
-
Profit (loss) for the period before taxes9903
€0.2m
€0.05m
€10.0m
€2.0m
€32.8m
€0.7m
€1.5m
€0.7m
▼ 55.7%
Transfer from deferred taxes780
-
-
-
-
€0.002m
€0.008m
€0.008m
€0.008m
=
Income taxes67/77
-
-
-
€0.02m
€0.02m
€0
-€0.01m
€0.2m
-
Taxes670/3
-
-
-
€0.02m
€0.02m
€0
€0.01m
€0.2m
▲ 20×
Tax adjustments and reversals of tax provisions77
-
-
-
-
-
-
€0.02m
-
-
Profit (loss) for the period9904
€0.2m
€0.05m
€10.0m
€1.9m
€32.8m
€0.7m
€1.5m
€0.5m
▼ 68.4%
Transfer from tax-exempt reserves789
-
-
-
-
€0.004m
€0.02m
€0.02m
€0.02m
=
Transfer to tax-exempt reserves689
-
-
-
-
-
-
-
€0.2m
-
Profit (loss) for the period to be appropriated9905
€0.2m
€0.05m
€10.0m
€1.9m
€32.8m
€0.8m
€1.5m
€0.2m
▼ 83.9%
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€70.5m
€68.5m
€52.8m
€52.9m
€129.2m
€116.0m
€116.7m
€119.1m
▲ 2.1%
Formation expenses20
-
-
-
-
-
€0
€0
€0
-
Fixed assets21/28
€65.5m
€66.4m
€50.8m
€50.8m
€88.1m
€99.8m
€94.8m
€106.8m
▲ 12.6%
Intangible fixed assets21
-
-
-
-
-
€0
€0.006m
€0.01m
▲ 135%
Tangible fixed assets22/27
-
-
-
-
€3.3m
€3.2m
€3.0m
€2.9m
▼ 4.6%
Land and buildings22
-
-
-
-
€2.8m
€2.6m
€2.5m
€2.4m
▼ 4.4%
Furniture and vehicles24
-
-
-
-
€453
€270
€87
€0
▼ 100%
Other tangible fixed assets26
-
-
-
-
€0.6m
€0.6m
€0.5m
€0.5m
▼ 5.5%
Financial fixed assets28
€65.5m
€66.4m
€50.8m
€50.8m
€84.8m
€96.6m
€91.8m
€103.9m
▲ 13.2%
Affiliated companies280/1
-
-
-
€38.8m
€84.6m
€95.1m
€88.4m
€95.4m
▲ 8.0%
Participating interests280
-
-
-
€38.8m
€54.1m
€63.9m
€63.7m
€74.5m
▲ 17.1%
Amounts receivable281
-
-
-
-
€30.4m
€31.2m
€24.7m
€20.9m
▼ 15.5%
Companies linked by participating interests282/3
-
-
-
-
€70
-
-
-
-
Amounts receivable283
-
-
-
-
€70
-
-
-
-
Other financial fixed assets284/8
-
-
-
€12.0m
€0.2m
€1.5m
€3.4m
€8.5m
▲ 147%
Shares284
-
-
-
€0.2m
€0.2m
€0.2m
€0.2m
€0.2m
=
Amounts receivable and cash guarantees285/8
-
-
-
€11.8m
€372
€1.3m
€3.3m
€8.3m
▲ 156%
Current assets29/58
€5.0m
€2.1m
€1.9m
€2.1m
€41.1m
€16.2m
€21.8m
€12.3m
▼ 43.9%
Amounts receivable within one year40/41
€0.1m
€0.02m
€0.2m
€0.4m
€4.7m
€8.5m
€15.6m
€10.1m
▼ 35.6%
Trade receivables40
-
-
-
-
€0.1m
€0.1m
€3.2m
€0.5m
▼ 83.0%
Other amounts receivable41
-
-
-
€0.4m
€4.5m
€8.3m
€12.4m
€9.5m
▼ 23.3%
Current investments50/53
€1.3m
€1.3m
€1.3m
€1.3m
€28.3m
€1.8m
€4.0m
-
-
Own shares50
-
-
-
€1.3m
€1.8m
€1.8m
€1.8m
-
-
Other investments51/53
-
-
-
-
€26.5m
€99
€2.2m
-
-
Cash at bank and in hand54/58
€3.6m
€0.5m
€0.4m
€0.4m
€7.8m
€4.7m
€0.2m
€0.8m
▲ 283%
Deferred charges and accrued income490/1
-
-
-
-
€0.3m
€1.2m
€2.0m
€1.4m
▼ 29.8%
Equity and liabilities
Total equity and liabilities10/49
€70.5m
€68.5m
€52.8m
€52.9m
€129.2m
€116.0m
€116.7m
€119.1m
▲ 2.1%
Equity10/15
€43.1m
€42.2m
€50.2m
€51.6m
€63.1m
€63.9m
€65.4m
€64.0m
▼ 2.1%
Contributions10/11
€0.1m
€0.1m
€0.1m
€0.1m
€1.3m
€1.3m
€1.3m
€1.3m
=
Capital10
-
-
-
€0.1m
€0.6m
€0.6m
€0.6m
€0.6m
=
Issued capital100
-
-
-
€0.1m
€0.6m
€0.6m
€0.6m
€0.6m
=
Contributions outside capital11
-
-
-
-
€0.8m
€0.8m
€0.8m
€0.8m
=
Share premium1100/10
-
-
-
-
€0.8m
€0.8m
€0.8m
€0.8m
=
Revaluation surpluses12
-
-
-
-
€8.7m
€8.7m
€8.7m
€8.7m
=
Reserves13
€3.1m
€3.1m
€3.1m
€3.1m
€3.8m
€3.8m
€3.8m
€2.2m
▼ 42.8%
Non-distributable reserves130/1
-
-
-
€2.7m
€3.7m
€3.7m
€3.7m
€1.9m
▼ 49.9%
Legal reserve130
-
-
-
€1.4m
€1.9m
€1.9m
€1.9m
€1.9m
=
Own shares acquired1312
-
-
-
€1.3m
€1.8m
€1.8m
€1.8m
-
-
Tax-exempt reserves132
-
-
-
-
€0.1m
€0.09m
€0.07m
€0.3m
▲ 317%
Distributable reserves133
-
-
-
€0.4m
-
-
-
-
-
Profit (loss) carried forward14
€39.9m
€38.9m
€46.9m
€48.3m
€49.3m
€50.0m
€51.6m
€51.8m
▲ 0.5%
Provisions and deferred taxes16
-
-
-
€0.6m
€0.05m
€0.05m
€0.04m
€0.03m
▼ 20.8%
Provisions for liabilities and charges160/5
-
-
-
€0.6m
-
-
-
-
-
Other liabilities and charges164/5
-
-
-
€0.6m
-
-
-
-
-
Deferred taxes168
-
-
-
-
€0.05m
€0.05m
€0.04m
€0.03m
▼ 20.8%
Amounts payable17/49
€27.4m
€26.3m
€2.6m
€0.7m
€66.0m
€52.1m
€51.2m
€55.0m
▲ 7.4%
Amounts payable after more than one year17
€26.7m
€24.7m
-
-
€35.2m
€28.1m
€31.7m
€32.9m
▲ 4.1%
Financial debts170/4
-
-
-
-
€30.5m
€23.9m
€28.5m
€32.9m
▲ 15.6%
Credit institutions173
-
-
-
-
€30.5m
€19.0m
€28.5m
€32.8m
▲ 15.2%
Other loans174
-
-
-
-
-
€4.9m
-
€0.1m
-
Other amounts payable178/9
-
-
-
-
€4.7m
€4.2m
€3.2m
€0.004m
▼ 99.9%
Amounts payable within one year42/48
€0.6m
€1.3m
€2.6m
€0.7m
€30.8m
€23.7m
€19.2m
€21.7m
▲ 13.1%
Current portion of amounts payable after more than one year42
-
-
-
-
€11.1m
€18.0m
€7.5m
€1.5m
▼ 80.0%
Financial debts43
-
-
-
-
€8.1m
€3.0m
€2.2m
-
-
Credit institutions430/8
-
-
-
-
€8.1m
€3.0m
€2.2m
-
-
Trade debts44
€0.1m
€0.01m
€0.03m
€0.03m
€0.1m
€0.1m
€0.1m
€0.4m
▲ 296%
Suppliers440/4
-
-
-
€0.03m
€0.1m
€0.1m
€0.1m
€0.4m
▲ 296%
Taxes, remuneration and social security45
-
-
-
-
-
€0.02m
€0.04m
€0.07m
▲ 73.8%
Taxes450/3
-
-
-
-
-
€0.02m
€0.04m
€0.07m
▲ 73.8%
Other amounts payable47/48
-
-
-
€0.7m
€11.5m
€2.6m
€9.3m
€19.7m
▲ 111%
Accrued charges and deferred income492/3
-
-
-
-
€0.02m
€0.2m
€0.4m
€0.4m
▼ 4.5%
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
€0.2m
€0.05m
€10.0m
€1.9m
€32.8m
€0.7m
€1.5m
€0.5m
▼ 68.4%
+ Depreciation and write-downs630
-
-
-
-
€0.05m
€0.2m
€0.2m
€0.2m
▲ 3.9%
Operating cash flow (approximation)
€0.2m
€0.05m
€10.0m
€1.9m
€32.9m
€0.9m
€1.7m
€0.7m
▼ 59.7%
Investment in fixed assets (approximation)
-
-€0.9m
€15.6m
€0
-€37.4m
-€11.8m
€4.7m
-€12.2m
-
Change in cash
-
-€3.1m
-€0.05m
-€0.06m
€7.5m
-€3.1m
-€4.5m
€0.6m
-
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Of the 24,208 active companies whose main activity is other business support services (NACE 82990), figures are known for 9,682. 281 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
Directors
Who runs the company today and since when, grouped the way the KBO groups its office holders. Many recent board changes are a reason to keep a close eye.
7 directors, 1 in day-to-day management, no change since 2026
Director · since 09-02-2026 · Private limited company · permanent representative: Sophie LAMBRIGHS
Current
SZ
SRL ZOU2
Director · since 09-04-2026 · Legal entity · from a recent deed
Current
1 not recently confirmed
Still in office according to the deeds, but no deed of the last six years confirms the mandate. Mandates like this have often ended since, in a deed we have not read yet.
Managing director · since 24-08-2023 · Private limited company (pre-2019) · permanent representative: Thomas Marchandise
Current
1 not recently confirmed
Still in office according to the deeds, but no deed of the last six years confirms the mandate. Mandates like this have often ended since, in a deed we have not read yet.
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it. Only boards we have read from the Gazette; other companies may still be missing.
Owners and capital
Owners
Owners
Who owns the company, as the companies file it in their annual accounts, with the chain of control up to the highest known parent.
According to the 2025 annual accounts of PARDIS and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it.
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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
Capital and shareholders
When capital was put in or taken out. An increase often strengthens the company; a reduction deserves a look.
Capital over the years
07-04-2025Capital stated in the deed · €567,251.97 · 31,005 shares
24-01-2023Capital increase of €442,251.97 · to €567,251.97 · 24,840 new shares
30-05-2012Capital reduction of €4,000,000 · to €125,000 · “prélèvement prioritaire sur le capital fiscalement libéré”
24-09-2010Capital stated in the deed · €4,125,000 · 14,125 shares
According to the 2025 annual accounts of PARDIS and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it.
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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
73 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, zoom with the mouse wheel.
Companies that merged with or into this one. A recent merger can change the figures and your contacts.
2 transactions
Split off to:RP-VERVIERS
proposal · Gazette deed of 26-09-2025
Split off to:RP-WAREMME
proposal · Gazette deed of 26-09-2025
History
History
The company's story in a few sentences, from the company register, the Belgian Official Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
On 31 December 2001, PARDIS was incorporated.1In 2023 the registered office moved to Gembloux.2A capital increase in 2023 brought the capital to €567,252.3Of the 7 current board members, 3 have served since 2023.2Turnover went from €267,463 in 2022 to €1.2m in 2025.4
Next filing, financial year 2026, expected by
31-07-2027
2026
22-07
NBB filingAnnual accounts filed
financial year 2025 · full format
09-04
Gazette deedAppointments: SRL NOVA LAGA, SRL ZOU2 and Sophie LAMBRIGHS
Permanent representatives: Laurence GACOIN and Sophie LAMBRIGHS6 facts ▸
General meeting, 09-02-2026
Director appointment, SRL NOVA LAGA (director)
Permanent representative, Laurence GACOIN
Director appointment, SRL ZOU2 (director)
Permanent representative, Sophie LAMBRIGHS
Director appointment, Sophie LAMBRIGHS (présidence du conseil d'administration)
2025
13-11
NBB filingAnnual accounts filed
financial year 2024 · full format · 105 days late
26-09
Gazette deedRestructuring
Demerger · Share issue · Declaration17 facts ▸
Demerger, EUR, 30-06-2025 (2 times)
Other provision, “Aucune soulte en espèces ne sera accordée à l'actionnaire unique de PARDIS” (deed in French)
Share issue, “attribution proportionnelle, concomitante à la constitution” (deed in French) (2 times)
Declaration, “Il n'existe pas d'actionnaires ayant des droits spéciaux ni de détenteurs de titres autres que des actions de la société à scinder” (deed in French)
Declaration, “no special report required, actionnaire unique” (deed in French)
Declaration, “no auditor report fees, renonciation au rapport 12:78 CSA” (deed in French)
Declaration, “Aucun avantage particulier ne sera attribué aux membres des organes d'administration des sociétés participant à la scission” (deed in French)
Other provision, “total assets value”, 106591702.6 (deed in French)
Other provision, “total liabilities value”, 106591702.6 (deed in French)
Other provision, “L'unique actionnaire de PARDIS réunit toutes les conditions pour devenir actionnaire des sociétés nouvellement constituées” (deed in French)
Power of attorney, Thierry TRIBOLET
Power of attorney, Odrique KIALA
+5 further facts in this act
07-04
Gazette deedCapital & shares · Amendment of the articles
Share cancellation · Reserve release · Power of attorney5 facts ▸
Share cancellation, “annulation pure et simple”, 424 (deed in French)
Reserve release, “annulation corrélative, à concurrence de la valeur à laquelle ces actions ont été reprises à l'inventaire” (deed in French)
Other provision, “renumérotation des actions, suite à l'annulation d'actions propres” (deed in French)
Power of attorney
Capital, €567,251.97
2024
20-08
NBB filingAnnual accounts filed
financial year 2023 · full format · 20 days late
2023
13-11
Gazette deedResignations: Rachel Marchandise, Thomas Marchandise and Martine Blais
Appointments: CONSULCOM, PARGECO and VALINCO · Permanent representatives: Rachel Marchandise, Thomas Marchandise and Thierry Quertinmont · Registered-office move14 facts ▸
General meeting, 24-08-2023
Board meeting, 24-08-2023
Director resignation, Rachel Marchandise (director and chair of the board)
Director resignation, Thomas Marchandise (director and managing director)
FinancialLiquidity more than triplescurrent ratio 2.94
Current ratio from 0.75 to 2.94; short-term debt falls from €2.6m to €701,706.
07-07
NBB filingAnnual accounts filed
financial year 2020 · consolidated
06-07
NBB filingAnnual accounts filed
financial year 2020 · full format
2020
31-12
FinancialEquity above €50mequity €50.2m ▲19%
A profit in every financial year since 2018 builds equity to €50.2m.
02-09
Gazette deedReappointments: Martine Blais (director) and Rachel Marchandise (director and chair of the board)
Resignations: CONSULCOM, Michel Marchandise and 2 others · Appointments: Michel Marchandise (administrateur et d'administrateur délégué) and Thomas Marchandise (administrateur et d'administrateur délégué)9 facts ▸
General meeting, 30-06-2020
Director reappointment, Martine Blais (director)
Director reappointment, Rachel Marchandise (director and chair of the board)
Director resignation, CONSULCOM (administrateur et d'administrateur délégué)
Director resignation, Michel Marchandise (permanent representative)
Director resignation, PARGECO (administrateur et d'administrateur délégué)
Director resignation, Thomas Marchandise (permanent representative)
Director appointment, Michel Marchandise (administrateur et d'administrateur délégué)
Director appointment, Thomas Marchandise (administrateur et d'administrateur délégué)
08-07
NBB filingAnnual accounts filed
financial year 2019 · full format
08-07
NBB filingAnnual accounts filed
financial year 2019 · consolidated
2019
31-12
FinancialWeakest financial yearnet €48,253 ▼75.3%
Net result drops to €48,253, the lowest in the series; recovery starts the following year.
Permanent representative, Félix Fank (représentant permanent chargé d'exécuter le mandat de commissaire)
Director appointment, PARGECO (managing director)
Permanent representative, Thomas Marchandise
Director appointment, Rachel Marchandise (director)
Director appointment, Rachel Marchandise (chair of the board)
2018
03-10
Gazette deedAmendment of the articles
Net-asset statement · Purpose change3 facts ▸
Net-asset statement, 30-06-2018
Purpose change, “La société a également pour objet, l’octroi de tous prêts, avances et suretés ou garanties personnelles ou réelles, ainsi que la réalisation de toutes opération…” (deed in French)
Gazette deedResignations: AMMACO, André MARCHANDISE and 2 others
Appointments: Martine BLAIS, CONSULCOM and 2 others · Permanent representative: Michel MARCHANDISE · Mandate compensation15 facts ▸
General meeting, 17-12-2008
Director resignation, AMMACO (director)
Director resignation, André MARCHANDISE (permanent representative)
Director resignation, Philippe LEMAITRE (director)
Director resignation, Michel MARCHANDISE (managing director)
Director appointment, Martine BLAIS (director)
Director appointment, CONSULCOM (director)
Director appointment, André MARCHANDISE (director)
Mandate compensation, Martine BLAIS
Mandate compensation, CONSULCOM (2 times)
Mandate compensation, André MARCHANDISE
Board meeting, 17-12-2008
+3 further facts in this act
10-06
Gazette deedCapital & shares
Share buyback2 facts ▸
General meeting, 14-05-2008
Share buyback, 424, EUR
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 42 annual accounts filed, the latest 10 are here; all 42 are under Financials.
20 of 20 deeds read
Register details
Identification
Legal formPublic limited company
Founded31-12-2001
Financial year end31-12
Activities, NACEBEL 2025
82990Other business support services
74999Other professional, scientific and technical activities
E-invoicing
Reachable via Peppol
Peppol ID0208:0476528534
Also9925:BE0476528534
Registered06-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
PurposeThe activities the company may carry out under its articles.
“L'achat, la vente et l'échange, la gestion et la valorisation de toutes valeurs mobilières, actions, parts sociales, obligations, ou titres…” (deed in French)
12 activities (deed in French)
L'achat, la vente et l'échange, la gestion et la valorisation de toutes valeurs mobilières, actions, parts sociales, obligations, ou titres généralement quelconques, fonds d'Etat et de tous biens et droits mobiliers
La prise et la détention de participations, sous quelque forme que ce soit, dans toutes sociétés ou entreprises industrielles, commerciales, financières, agricoles, immobilières, existante ou à créer, de droit belge ou étranger, cotées ou non en bourse
La stimulation, le planning et la coordination du développement des sociétés et entreprises dans lesquelles elle détient une participation
La participation à leur gestion, administration et surveillance, ainsi que l'assistance technique, administrative et financière auxdites sociétés et entreprises
Dans le cadre de sa gestion de trésorerie, soit directement soit par l'entreprise d'établissements en Belgique ou à l'étranger, la réalisation d'opérations de commerce et de devises et l'entremise dans l'émission et le placement d'actions, parts sociales, obligations et tous titres
Tous engagements à titre de caution, d'aval ou de garanties généralement quelconques
Toutes opérations de mandat, d'agence ou de commission relatives aux opérations ci-dessus décrites
L'achat, la vente, la gestion et la mise en valeur de tous biens immobiliers, de toutes prestations de services, travaux, opérations et conseils en matière immobilière, mobilière ou financière
L'octroi de tous prêts, avances et sûretés ou garanties personnelles ou réelles, ainsi que la réalisation de toutes opérations financières dont le leasing immobilier, au bénéfice de sociétés liées ou partenaires ou de tiers
Toutes les opérations commerciales, industrielles, financières, mobilières ou immobilières se rapportant directement ou indirectement à son objet social
S'intéresser par voie de fusion, d'apport, de souscription, de participation, d'intervention financière ou autrement, dans toutes sociétés ou entreprises existantes ou à créer en Belgique ou à l'étranger
Exercer les fonctions d'administrateur ou liquidateur dans d'autres sociétés
Other provisionsOther rules from the articles that fall under none of the themes above.
Accounting effect: “01-07-2025” (deed in French)
Other provision: “Tous les actifs pour lesquels il ne peut être établi avec certitude à qui ils ont été attribués appartiennent à la société propriétaire du…” (deed in French)
Other provision: “Tous les frais liés à la transaction seront supportés par PARDIS” (deed in French)