PARIA
ActiveSummary
PARIA has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€79,913) and a net result of €28,260. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 3507 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.44 against 0.18 in 2024; short-term debt: 188.7% and cash: 57.9% of total assets), and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% 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
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 2025Solvency, return and age of the figures
Solvency
-88.7%
Return on assets
31.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 3507 sector peers (2025).
NBB · sector comparisonPosition among 3507 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
31 d late
2023
27 d late
2022
29 d late
2021
31 d late
2020
24 d late
2019
87 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 36 days after the deadline; the sector median for financial year 2024 is 3 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.
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
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€28,260
2024 · -€72,668
Working capital
-€95,494▲ 25.5%
2024 · -€128,152
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical 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€41,525-€42,645-€38,154▲ 10.5%-€72,210▼ 89.3%€28,804
Net result€34,601within the sector's middle half-€49,493below the sector's middle half-€38,903below the sector's middle half▲ 21.4%-€72,668below the sector's middle half▼ 86.8%€28,260within the sector's middle half
Equity€52,891within the sector's middle half▲ 189%€3,398below the sector's middle half▼ 93.6%-€35,505below the sector's middle half-€108,172below the sector's middle half▼ 205%-€79,913below the sector's middle half▲ 26.1%
Total assets€540,473within the sector's middle half▲ 12.0%€469,705within the sector's middle half▼ 13.1%€113,707within the sector's middle half▼ 75.8%€48,986within the sector's middle half▼ 56.9%€90,068within the sector's middle half▲ 83.9%
Debt€487,581▲ 5.0%€466,306▼ 4.4%€149,211▼ 68.0%€157,158▲ 5.3%€169,980▲ 8.2%
Working capital-€13,996below the sector's middle half▲ 69.4%-€65,810below the sector's middle half▼ 370%-€61,827below the sector's middle half▲ 6.1%-€128,152below the sector's middle half▼ 107%-€95,494below the sector's middle half▲ 25.5%
Solvency9.8%below the sector's middle half▲ 6.0pp0.7%below the sector's middle half▼ 9.1pp-31.2%below the sector's middle half▼ 31.9pp-220.8%below the sector's middle half▼ 189.6pp-88.7%below the sector's middle half▲ 132.1pp
Current ratio0.93below the sector's middle half▲ 0.200.60below the sector's middle half▼ 0.320.58below the sector's middle half▼ 0.020.18below the sector's middle half▼ 0.400.44below the sector's middle half▲ 0.25
Return on assets (ROA)6.4%within the sector's middle half▲ 9.3pp-10.5%below the sector's middle half▼ 16.9pp-34.2%below the sector's middle half▼ 23.7pp-148.3%below the sector's middle half▼ 114.1pp31.4%above the sector's middle half▲ 179.7pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €28,804 after a loss of €72,210 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €90,068
Fixed assets
€15,581 ▼ 22.0%
Current assets
€74,487 ▲ 157%
Key figures and ratios
EBITDA
€36,658▲
2024 · -€64,147
Cash flow
€36,113▲
2024 · -€64,605
Debt to equity
-2.13▼
2024 · -1.45
Interest coverage
66.87▲
2024 · -133.40
Debt ≤ 1 year
€169,980▲
2024 · €157,158
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,798 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €38 | €440 | €502 | €535 | €228 | ▼ 57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,421 | €4,796 | €27,185 | €8,062 | €7,854 | ▼ 2.6% |
| Other operating charges640/8 | €1,229 | €1,256 | €2,631 | €2,903 | €2,998 | ▲ 3.3% |
| Non-recurring operating charges66A | €1,141 | €279 | €219 | €0 | €1,342 | - |
| Gross operating margin9900 | €48,316 | -€36,314 | -€8,119 | -€61,244 | €40,998 | ▲ 167% |
| Operating profit (loss)9901 | €41,525 | -€42,645 | -€38,154 | -€72,210 | €28,804 | ▲ 140% |
| Financial income75/76B | €0 | €0 | €12 | €23 | €4 | ▼ 83.9% |
| Recurring financial income75 | €0 | €0 | €12 | €23 | €4 | ▼ 83.9% |
| Financial charges65/66B | €6,770 | €6,680 | €580 | €481 | €548 | ▲ 14.0% |
| Recurring financial charges65 | €6,770 | €6,680 | €580 | €481 | €548 | ▲ 14.0% |
| Profit (loss) for the period before taxes9903 | €34,755 | -€49,325 | -€38,722 | -€72,668 | €28,260 | ▲ 139% |
| Income taxes67/77 | €153 | €168 | €181 | €0 | - | - |
| Profit (loss) for the period9904 | €34,601 | -€49,493 | -€38,903 | -€72,668 | €28,260 | ▲ 139% |
| Profit (loss) for the period to be appropriated9905 | €34,601 | -€49,493 | -€38,903 | -€72,668 | €28,260 | ▲ 139% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €540,473 | €469,705 | €113,707 | €48,986 | €90,068 | ▲ 83.9% |
| Fixed assets21/28 | €366,887 | €369,209 | €26,717 | €19,980 | €15,581 | ▼ 22.0% |
| Tangible fixed assets22/27 | €15,832 | €18,153 | €26,717 | €19,980 | €15,581 | ▼ 22.0% |
| Land and buildings22 | €7,389 | €5,400 | €15,498 | €11,545 | €7,892 | ▼ 31.6% |
| Plant, machinery and equipment23 | €470 | €402 | €559 | €418 | €201 | ▼ 51.9% |
| Furniture and vehicles24 | €7,973 | €8,200 | €8,083 | €5,740 | €4,155 | ▼ 27.6% |
| Other tangible fixed assets26 | - | €4,151 | €2,577 | €2,277 | €3,333 | ▲ 46.4% |
| Financial fixed assets28 | €351,055 | €351,055 | €0 | - | - | - |
| Current assets29/58 | €173,585 | €100,496 | €86,990 | €29,006 | €74,487 | ▲ 157% |
| Amounts receivable within one year40/41 | €31,092 | €10,420 | €24,828 | €13,472 | €19,503 | ▲ 44.8% |
| Trade receivables40 | €28,694 | €5,400 | €17,871 | €7,180 | €19,503 | ▲ 172% |
| Other amounts receivable41 | €2,397 | €5,020 | €6,957 | €6,292 | €0 | ▼ 100% |
| Current investments50/53 | €152 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €139,229 | €87,794 | €55,932 | €12,235 | €52,104 | ▲ 326% |
| Deferred charges and accrued income490/1 | €3,113 | €2,283 | €6,230 | €3,300 | €2,880 | ▼ 12.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €540,473 | €469,705 | €113,707 | €48,986 | €90,068 | ▲ 83.9% |
| Equity10/15 | €52,891 | €3,398 | -€35,505 | -€108,172 | -€79,913 | ▲ 26.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €25,229 | €25,229 | €25,229 | €25,229 | €25,229 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €23,369 | €23,369 | €23,369 | €23,369 | €23,369 | = |
| Profit (loss) carried forward14 | €21,462 | -€28,031 | -€66,934 | -€139,601 | -€111,342 | ▲ 20.2% |
| Amounts payable17/49 | €487,581 | €466,306 | €149,211 | €157,158 | €169,980 | ▲ 8.2% |
| Amounts payable after more than one year17 | €300,000 | €300,000 | €0 | - | - | - |
| Other amounts payable178/9 | €300,000 | €300,000 | €0 | - | - | - |
| Amounts payable within one year42/48 | €187,581 | €166,306 | €148,817 | €157,158 | €169,980 | ▲ 8.2% |
| Financial debts43 | €1,260 | €0 | €1,350 | €751 | €262 | ▼ 65.1% |
| Credit institutions430/8 | €1,260 | €0 | €1,350 | €751 | €262 | ▼ 65.1% |
| Trade debts44 | €1,645 | €867 | €2,067 | €4,182 | €5,935 | ▲ 41.9% |
| Suppliers440/4 | €1,645 | €867 | €2,067 | €4,182 | €5,935 | ▲ 41.9% |
| Taxes, remuneration and social security45 | €4,959 | €5,805 | €3,881 | €0 | €9,700 | - |
| Taxes450/3 | €4,959 | €5,805 | €3,881 | €0 | €9,700 | - |
| Other amounts payable47/48 | €179,717 | €159,635 | €141,519 | €152,225 | €154,083 | ▲ 1.2% |
| Accrued charges and deferred income492/3 | - | - | €394 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,601 | -€49,493 | -€38,903 | -€72,668 | €28,260 | ▲ 139% |
| + Depreciation and write-downs630 | €4,421 | €4,796 | €27,185 | €8,062 | €7,854 | ▼ 2.6% |
| Operating cash flow (approximation) | €39,023 | -€44,697 | -€11,718 | -€64,605 | €36,113 | ▲ 156% |
| Investment in fixed assets (approximation) | - | -€7,117 | €315,307 | -€1,326 | -€3,455 | ▼ 161% |
| Change in cash | - | -€51,436 | -€31,861 | -€43,697 | €39,869 | ▲ 191% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Back to profitnet €28,260
Net result €28,260 after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet -€72,668
Net result drops to -€72,668, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Back to profitnet €34,601
Net result €34,601 after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-12
Financial
Back to profitnet €362
Net result €362 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2000
Ground area
228 m²
Building footprint
156 m²
Volume, LiDAR
1,893 m³
2 parcels, Brussels · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Waterloose Steenweg 509, 1050 Elsene
since 20002.093.972.553
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0306/00V018 | Brussels | 116 m² | 1 · 83 m² | 18.8 m · 5 fl. |
| 21013B0365/00Y002 | Brussels | 112 m² | 1 · 73 m² | 13.4 m · 4 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2022 list no shareholders, and no other source names one.
Holdings 1
- ARMAND INVESTsubsidiarySourceown accounts 2022100%
According to the 2022 annual accounts of PARIA 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 14,138 companies in sector 74201 we hold annual accounts for 2,616. 601 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
Founded12-07-2000
Fiscal year end31-12
Activities, NACEBEL 2025
74201Photography, excluding press photography
59111Production of cinema films
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472374162
Also
9925:BE0472374162
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.