PARGENCO
ActiveSummary
PARGENCO has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€18,286) and a net result of -€1,401. Equity is shrinking by about 9.4% per year across the filed financial years. Its solvency ranks better than 5% of 39,218 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €1,355 in 2025 against €1,345 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy 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.
Peer companies
Historical observationOf the 6,907 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85.4% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 0.9% |
| 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 74.5% 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 6,907 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €348 | €366 | €386 | €394 | ▲ 2.0% |
| Gross operating margin9900 | -€877 | -€877 | -€878 | -€920 | -€904 | -€959 | -€961 | ▼ 0.2% |
| Operating profit (loss)9901 | -€1,290 | -€1,225 | -€1,225 | -€1,268 | -€1,270 | -€1,345 | -€1,355 | ▼ 0.7% |
| Financial income75/76B | - | - | - | - | - | €0 | €0 | ▼ 20.0% |
| Recurring financial income75 | - | - | - | - | - | €0 | €0 | ▼ 20.0% |
| Financial charges65/66B | - | - | - | €89 | €48 | €46 | €46 | = |
| Recurring financial charges65 | €149 | €35 | €35 | €89 | €48 | €46 | €46 | = |
| Profit (loss) for the period before taxes9903 | -€1,438 | -€1,260 | -€1,260 | -€1,356 | -€1,318 | -€1,392 | -€1,401 | ▼ 0.7% |
| Income taxes67/77 | - | - | - | - | - | - | €0 | - |
| Profit (loss) for the period9904 | -€1,438 | -€1,260 | -€1,260 | -€1,356 | -€1,318 | -€1,392 | -€1,401 | ▼ 0.7% |
| Profit (loss) for the period to be appropriated9905 | -€1,438 | -€1,260 | -€1,260 | -€1,356 | -€1,318 | -€1,392 | -€1,401 | ▼ 0.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2,080 | €1,994 | €1,728 | €1,572 | €1,772 | €1,882 | €1,587 | ▼ 15.7% |
| Current assets29/58 | €2,080 | €1,994 | €1,728 | €1,572 | €1,772 | €1,882 | €1,587 | ▼ 15.7% |
| Amounts receivable within one year40/41 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Trade receivables40 | - | - | - | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Other amounts receivable41 | - | - | - | - | - | €0 | €0 | ▲ 100% |
| Cash at bank and in hand54/58 | €407 | €494 | €228 | €72 | €272 | €382 | €87 | ▼ 77.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2,080 | €1,994 | €1,728 | €1,572 | €1,772 | €1,882 | €1,587 | ▼ 15.7% |
| Equity10/15 | -€10,298 | -€11,558 | -€12,819 | -€14,175 | -€15,493 | -€16,884 | -€18,286 | ▼ 8.3% |
| Contributions10/11 | €12,400 | - | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€24,558 | -€25,818 | -€27,079 | -€28,435 | -€29,753 | -€31,144 | -€32,546 | ▼ 4.5% |
| Amounts payable17/49 | €12,379 | €13,553 | €14,547 | €15,747 | €17,265 | €18,767 | €19,873 | ▲ 5.9% |
| Amounts payable within one year42/48 | €12,379 | €13,553 | €14,547 | €15,747 | €17,265 | €18,767 | €19,873 | ▲ 5.9% |
| Trade debts44 | - | €174 | €174 | €174 | €192 | €194 | €200 | ▲ 3.2% |
| Suppliers440/4 | - | - | - | €174 | €192 | €194 | €200 | ▲ 3.2% |
| Other amounts payable47/48 | - | - | - | €15,573 | €17,073 | €18,573 | €19,673 | ▲ 5.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,438 | -€1,260 | -€1,260 | -€1,356 | -€1,318 | -€1,392 | -€1,401 | ▼ 0.7% |
| Operating cash flow (approximation) | -€1,438 | -€1,260 | -€1,260 | -€1,356 | -€1,318 | -€1,392 | -€1,401 | ▼ 0.7% |
| Change in cash | - | €88 | -€266 | -€156 | €201 | €110 | -€295 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 14-01-2026 | 2026-00007583 |
| 30-06-2024 | micro format | 02-01-2025 | 2025-00630814 |
| 30-06-2023 | micro format | 20-12-2023 | 2023-00534323 |
| 30-06-2022 | micro format | 14-12-2022 | 2022-20542664 |
| 30-06-2021 | micro format | 10-12-2021 | 2021-80100175 |
| 30-06-2020 | micro format | 08-02-2021 | 2021-05200153 |
| 30-06-2019 | micro format | 09-12-2019 | 2019-75600191 |
| 30-06-2018 | micro format | 08-01-2019 | 2019-00900143 |
| 30-06-2017 | micro format | 21-12-2017 | 2017-72600212 |
| 30-06-2016 | full format | 23-12-2016 | 2016-71700191 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.