Pareteum
ActivePareteum has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-2.09M) and a net result of €226k. Equity is shrinking by ~32.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 1936 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.02 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Return on assets
401.3%
Age of the figures
20 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1936 sector peers (2024).
NBB · sector comparisonPosition among 1936 sector peers
Solvency
better than 5%
← weakest
strongest →
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 01-04-2025, 121 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
121 d early
2023
104 d late
2022
210 d late
2021
373 d late
2020
356 d late
2019
251 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€-2.09M▲ 9.8%
2023 · €-2.32M
2019: €4.74M
2020: €-183k
2021: €-1.69M
2022: €-2.28M
2023: €-2.32M
2019 → 2024
Total assets
€56k▲ 4.5%
2023 · €54k
2019: €10.42M
2020: €6.02M
2021: €2.85M
2022: €449k
2023: €54k
2019 → 2024
Net result
€226k
2023 · €-33k
2019: €102k
2020: €-4.93M
2021: €-1.51M
2022: €-593k
2023: €-33k
2019 → 2024
Working capital
€-2.09M▲ 9.8%
2023 · €-2.32M
2019: €-2.48M
2020: €-2.76M
2021: €-3.42M
2022: €-2.28M
2023: €-2.32M
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-183k-€-1.69M▼ 822%€-2.28M▼ 35.1%€-2.32M▼ 1.4%€-2.09M▲ 9.8%
Operating result€-321k-€724k€-512k€-26k▲ 95.0%€228k
Net result€-4.93M-€-1.51M▲ 69.4%€-593k▲ 60.6%€-33k▲ 94.4%€226k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €228k after a loss of €26k in 2023.
Key figures and ratios
Current ratio
0.03▲
2023 · 0.02
Quick ratio
0.03▲
2023 · 0.02
Debt / equity
-1.03▼
2023 · -1.02
ROA
401.3%▲
2023 · -61.2%
Debt
€2.15M▼
2023 · €2.37M
Debt ≤ 1 year
€2.15M▼
2023 · €2.37M
A ratio outside any meaningful range has been withheld (balance sheet total €56k, equity €-2.09M).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€54k€56k▲
Current assets29/58€54k€56k▲
Amounts receivable within one year40/41€51k€56k▲
Trade receivables40€50k€56k▲
Other amounts receivable41€2k-
Cash at bank and in hand54/58€3k-
Equity and liabilities
Total equity and liabilities10/49€54k€56k▲
Equity10/15€-2.32M€-2.09M▲
Contributions10/11€2.25M€2.25M=
Capital10€2.25M€2.25M=
Issued capital100€2.25M€2.25M=
Reserves13€225k€225k=
Non-distributable reserves130/1€225k€225k=
Legal reserve130€225k€225k=
Profit (loss) carried forward14€-4.79M€-4.56M▲
Amounts payable17/49€2.37M€2.15M▼
Amounts payable within one year42/48€2.37M€2.15M▼
Current portion of amounts payable after more than one year42€2.04M€2.06M▲
Financial debts43-€121
Credit institutions430/8-€121
Trade debts44€111k€79k▼
Suppliers440/4€111k€79k▼
Taxes, remuneration and social security45€217k€9k▼
Taxes450/3-€9k
Remuneration and social security454/9€217k-
Income statement
Code20232024
Remuneration, social security and pensions62€318-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-5k
Other operating charges640/8€2k€2k▼
Gross operating margin9900€-23k€225k▲
Operating profit (loss)9901€-26k€228k▲
Financial income75/76B€116-
Recurring financial income75€116-
Financial charges65/66B€7k€2k▼
Recurring financial charges65€7k€2k▼
Profit (loss) for the period before taxes9903€-33k€226k▲
Profit (loss) for the period9904€-33k€226k▲
Profit (loss) for the period to be appropriated9905€-33k€226k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-4.79M€-4.56M▲
Profit (loss) brought forward from the previous period14P€-4.76M€-4.79M▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €226k
Net result €226k after 4 loss-making years.
12-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 104 days late
26-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 210 days late
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 373 days late
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 356 days late
2021
08-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 251 days late
2020
31-12
Financial
Weakest financial yearnet €-4.93M ▼4944%
Net result drops to €-4.93M, the lowest in the series; recovery starts the following year.
2019
22-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 22 days late
2018
02-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 2 days late
2017
19-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
22-01
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.
Directors · office · real estate
Directors
26 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, Brugge · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vaartdijkstraat 198200 BruggeGround area
1.2 ha
Building footprint
4,131 m²
Volume, LiDAR
38,119 m³
Parcel 31512B0106/00T002, Flanders · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Vaartdijkstraat 19, 8200 Brugge
since 20022.097.083.679
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31512B0106/00T002 | Flanders | 1.2 ha | 1 · 4,131 m² | 12.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 2 entries · 2,926 EUR awarded · 2,926 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 2,926 EUR | 2,926 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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OBJECTIVE BELGIUM
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FEDERATION REGIONALE DES ASSOCIATIONS DE TELEMATIQUE MEDICALE
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SPARNEX
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Of 11,553 companies in sector 71121 we hold annual accounts for 6,555. 1,356 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-12-1999
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
74203
71330
72500
77330Rental and leasing activities
95100Repair and maintenance of computers and communication equipment
95110Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.