Summary
PARFRAY is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €103,004 and a net result of €24,581. Equity is shrinking by ~9% per year across the filed fiscal years. Its solvency ranks better than 22% of 2463 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 2463 sector peers (2025).
NBB · sector comparisonPosition among 2463 sector peers
Solvency
better than 22%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €103,004
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
57 d late
2023
30 d late
2022
24 d late
2021
31 d late
2020
31 d late
2019
122 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 46 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€103,004▲ 31.3%
2024 · €78,424
Net result
€24,581▲ 1,031%
2024 · €2,173
Total assets
€664,115▲ 5.1%
2024 · €631,614
Solvency
15.5%▲ 3.1pp
2024 · 12.4%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance 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
Line20212022202320242025
Operating result€29,920▼ 48.7%€21,424▼ 28.4%€40,907▲ 90.9%€28,319▼ 30.8%€47,748▲ 68.6%
Net result-€7,125below the sector's middle half-€26,477below the sector's middle half▼ 272%-€68,351below the sector's middle half▼ 158%€2,173below the sector's middle half€24,581within the sector's middle half▲ 1,031%
Equity€171,077within the sector's middle half▼ 4.0%€144,601within the sector's middle half▼ 15.5%€76,250within the sector's middle half▼ 47.3%€78,424within the sector's middle half▲ 2.9%€103,004within the sector's middle half▲ 31.3%
Total assets€1.3mwithin the sector's middle half▼ 1.1%€1.5mwithin the sector's middle half▲ 19.6%€658,060within the sector's middle half▼ 56.4%€631,614within the sector's middle half▼ 4.0%€664,115within the sector's middle half▲ 5.1%
Debt€1.1m▼ 0.6%€1.4m▲ 25.1%€581,810▼ 57.4%€553,191▼ 4.9%€561,111▲ 1.4%
Working capital-€175,946below the sector's middle half▲ 1.4%-€181,398below the sector's middle half▼ 3.1%-€98,693below the sector's middle half▲ 45.6%-€97,419below the sector's middle half▲ 1.3%-€134,333below the sector's middle half▼ 37.9%
Solvency13.6%below the sector's middle half▼ 0.4pp9.6%below the sector's middle half▼ 4.0pp11.6%below the sector's middle half▲ 2.0pp12.4%below the sector's middle half▲ 0.8pp15.5%below the sector's middle half▲ 3.1pp
Current ratio0.01below the sector's middle half=0.01below the sector's middle half=0.05below the sector's middle half▲ 0.040.11below the sector's middle half▲ 0.060.12below the sector's middle half▲ 0.01
Return on assets (ROA)-0.6%below the sector's middle half▼ 1.7pp-1.8%below the sector's middle half▼ 1.2pp-10.4%below the sector's middle half▼ 8.6pp0.3%below the sector's middle half▲ 10.7pp3.7%within the sector's middle half▲ 3.4pp
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 69% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €664,115
Fixed assets
€646,180 ▲ 4.2%
Current assets
€17,935 ▲ 53.0%
Equity and liabilities €664,115
Equity
€103,004 ▲ 31.3%
Debt
€561,111 ▲ 1.4%
Debt's share of the balance-sheet total falls from 87.6% to 84.5%. Equity and debt are higher.
Key figures and ratios
ROE
23.9%▲
2024 · 2.8%
Debt ≤ 1 year
€152,268▲
2024 · €109,144
Debt > 1 year
€401,134▼
2024 · €428,248
Income taxes
€12,154▲
2024 · €4,392
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,663 | €13,663 | €37,001 | €37,760 | €34,603 | ▼ 8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €5,445 | - | - |
| Other operating charges640/8 | €1,553 | €2,555 | €7,863 | €7,899 | €12,592 | ▲ 59.4% |
| Gross operating margin9900 | €45,135 | €37,642 | €85,771 | €79,423 | €94,943 | ▲ 19.5% |
| Operating profit (loss)9901 | €29,920 | €21,424 | €40,907 | €28,319 | €47,748 | ▲ 68.6% |
| Financial income75/76B | - | €880 | - | €9 | - | - |
| Recurring financial income75 | - | €880 | - | €9 | - | - |
| Non-recurring financial income76B | - | €880 | - | - | - | - |
| Financial charges65/66B | €36,637 | €48,205 | €104,762 | €21,762 | €11,014 | ▼ 49.4% |
| Recurring financial charges65 | €36,637 | €48,205 | €9,235 | €21,762 | €11,014 | ▼ 49.4% |
| Non-recurring financial charges66B | - | - | €95,527 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€6,717 | -€25,901 | -€63,856 | €6,566 | €36,734 | ▲ 459% |
| Income taxes67/77 | €408 | €576 | €4,495 | €4,392 | €12,154 | ▲ 177% |
| Profit (loss) for the period9904 | -€7,125 | -€26,477 | -€68,351 | €2,173 | €24,581 | ▲ 1,031% |
| Profit (loss) for the period to be appropriated9905 | -€7,125 | -€26,477 | -€68,351 | €2,173 | €24,581 | ▲ 1,031% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.5m | €658,060 | €631,614 | €664,115 | ▲ 5.1% |
| Fixed assets21/28 | €1.3m | €1.5m | €653,081 | €619,889 | €646,180 | ▲ 4.2% |
| Tangible fixed assets22/27 | €138,551 | €124,889 | €313,506 | €280,314 | €306,605 | ▲ 9.4% |
| Land and buildings22 | €129,049 | €118,244 | €298,233 | €272,610 | €253,498 | ▼ 7.0% |
| Furniture and vehicles24 | €9,502 | €6,644 | €14,668 | €7,190 | €52,682 | ▲ 633% |
| Other tangible fixed assets26 | - | - | €605 | €515 | €425 | ▼ 17.5% |
| Financial fixed assets28 | €1.1m | €1.4m | €339,575 | €339,575 | €339,575 | = |
| Current assets29/58 | €1,311 | €1,293 | €4,979 | €11,725 | €17,935 | ▲ 53.0% |
| Cash at bank and in hand54/58 | €73 | €273 | €3,009 | €9,766 | €16,363 | ▲ 67.5% |
| Deferred charges and accrued income490/1 | €1,238 | €1,019 | €1,970 | €1,959 | €1,572 | ▼ 19.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.5m | €658,060 | €631,614 | €664,115 | ▲ 5.1% |
| Equity10/15 | €171,077 | €144,601 | €76,250 | €78,424 | €103,004 | ▲ 31.3% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €130,400 | €130,400 | €63,850 | €63,850 | €63,850 | = |
| Non-distributable reserves130/1 | €1,900 | €1,900 | - | - | - | - |
| Reserves not available under the articles1311 | €1,900 | €1,900 | - | - | - | - |
| Distributable reserves133 | €128,500 | €128,500 | €63,850 | €63,850 | €63,850 | = |
| Profit (loss) carried forward14 | €28,277 | €1,801 | - | €2,173 | €26,754 | ▲ 1,131% |
| Amounts payable17/49 | €1.1m | €1.4m | €581,810 | €553,191 | €561,111 | ▲ 1.4% |
| Amounts payable after more than one year17 | €884,821 | €1.1m | €475,238 | €428,248 | €401,134 | ▼ 6.3% |
| Financial debts170/4 | €174,469 | €141,841 | €109,740 | €73,274 | €42,298 | ▼ 42.3% |
| Other amounts payable178/9 | €710,352 | €999,766 | €365,498 | €354,973 | €358,835 | ▲ 1.1% |
| Amounts payable within one year42/48 | €177,257 | €182,691 | €103,672 | €109,144 | €152,268 | ▲ 39.5% |
| Current portion of amounts payable after more than one year42 | €31,572 | €32,629 | €37,528 | €36,465 | €39,645 | ▲ 8.7% |
| Financial debts43 | - | €862 | €2,036 | €3,883 | - | - |
| Credit institutions430/8 | - | €862 | €2,036 | €3,883 | - | - |
| Trade debts44 | €145 | €2,605 | €698 | €1,893 | €39,668 | ▲ 1,995% |
| Suppliers440/4 | €145 | €2,605 | €698 | €1,893 | €39,668 | ▲ 1,995% |
| Taxes, remuneration and social security45 | €8,840 | €831 | €6,397 | €8,885 | €15,040 | ▲ 69.3% |
| Taxes450/3 | €8,840 | €831 | €6,397 | €8,885 | €15,040 | ▲ 69.3% |
| Other amounts payable47/48 | €136,700 | €145,764 | €57,012 | €58,018 | €57,915 | ▼ 0.2% |
| Accrued charges and deferred income492/3 | €29,282 | €40,859 | €2,900 | €15,799 | €7,709 | ▼ 51.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,125 | -€26,477 | -€68,351 | €2,173 | €24,581 | ▲ 1,031% |
| + Depreciation and write-downs630 | €13,663 | €13,663 | €37,001 | €37,760 | €34,603 | ▼ 8.4% |
| Operating cash flow (approximation) | €6,537 | -€12,814 | -€31,349 | €39,934 | €59,184 | ▲ 48.2% |
| Investment in fixed assets (approximation) | - | -€261,000 | €818,382 | -€4,569 | -€60,893 | ▼ 1,233% |
| Change in cash | - | €201 | €2,736 | €6,757 | €6,597 | ▼ 2.4% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Highest result since 2018net €24,581 ▲1,031%
Net result €24,581, the highest in the series.
31-12
Financial
Equity above €100,000Eq €103,004 ▲31.3%
2 profitable years in a row build equity to €103,004.
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Back to profitnet €2,173
Net result €2,173 after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€68,351
Net result drops to -€68,351, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 19 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Durbuy · 1 establishment unit since 2000
Ground area
1,283 m²
Building footprint
346 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de Ny,Melreux 1, 6990 Hotton
since 20002.131.415.642
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83028A0511/00R003 | Wallonia | 735 m² | 1 · 118 m² | - |
| 83054B0469/00B000 | Wallonia | 548 m² | 1 · 228 m² | - |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
88%
According to the 2025 annual accounts of PARFRAY and those 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
No current directors or connected companies found in the register.
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Of 4,674 companies in sector 66220 we hold annual accounts for 3,222. 2,708 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded11-05-2000
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.