Checked.be
Active
BE 0741.508.778Private limited company
PARICON
Groendreef 10 ·9880 Aalter, Belgium· 6 yrs active
Sector: Retail sale of meat and meat products, excluding game and poultry
(47221)
Conclusion
The computed 12-month bankruptcy probability of PARICON is 4.7% (elevated). The 2024 annual accounts show negative equity (€-502k) and a net result of €-153k. Equity is shrinking by ~64.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 9575 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €-502k |
| Net result | €-153k |
| Staff (FTE) | 4.3 |
| Better than sector | 5% |
Financial profile
56
/ 100
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Health
15
Profitability
100
Solvency
33
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
15
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
20
2020
15
2021
7
2022
7
2023
15
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.09 (< 1.0)
-10
Quick ratio
Quick ratio 0.07 (< 0.6)
-5
Equity
Negative equity
-25
Profitability
ROE 30% (≥ 10%)
+10
Interest coverage
Interest coverage -6.3× (< 1.5×)
-10
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 17-06-2025 with the NBB · fiscal year 2024 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~64.2%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -195.7% | 38.6% | |
| Net result | €-153k | €44k | |
| Equity | €-502k | €332k | |
| Gross operating margin | €33k | €266k | |
| Staff costs | €151k | €166k |
€-119k
+22.9%
20-24
€-153k
+13.9%
20-24
€-138k
+16.7%
20-24
€256k
+119.5%
20-24
€-502k
-43.7%
20-24
€-692k
-78.7%
20-24
4
-25.9%
20-24
€151k
-32.0%
20-24
€239
+54.9%
20-24
€758k
+62.7%
20-24
€758k
+62.7%
20-24
0.09
-48.3%
20-24
0.07
-47.7%
20-24
-195.7%
+34.5%
20-24
-1.51
-13.2%
20-24
30.4%
-40.1%
20-24
-59.6%
+60.8%
20-24
-6.32
+53.9%
20-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-119k | €-154k | €-41k | €-19k | €-94k |
| Net profit | €-153k | €-177k | €-55k | €-32k | €-100k |
| Cash flow | €-138k | €-165k | €-43k | €-20k | €-95k |
| Staff costs | €151k | €222k | €139k | €154k | - |
| Income taxes | €239 | €154 | €44 | €5 | €31 |
| Dividends | - | - | - | - | - |
| Total assets | €256k | €117k | €126k | €113k | €122k |
| Equity | €-502k | €-349k | €-172k | €-116k | €-85k |
| Debt | €758k | €466k | €297k | €230k | €207k |
| of which ≤ 1y | €758k | €466k | €297k | €230k | €207k |
| of which > 1y | - | - | - | - | - |
| Working capital | €-692k | €-387k | €-226k | €-177k | €-154k |
| Employees (FTE) | 4.3 | 5.8 | 4.7 | 5.2 | 4.5 |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 0.09 | 0.17 | 0.24 | 0.23 | 0.25 |
| Quick ratio | 0.07 | 0.14 | 0.19 | 0.19 | 0.21 |
| Working capital ratio | -270.0% | -331.7% | -179.9% | -156.3% | -126.2% |
| Solvency | -195.7% | -298.9% | -136.7% | -102.9% | -69.2% |
| Debt / equity | -1.51 | -1.33 | -1.73 | -1.97 | - |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | -6.32 | -13.72 | -16.26 | -13.79 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -59.6% | -151.9% | -44.0% | -28.2% | -81.4% |
| ROE | 30.4% | 50.8% | 32.2% | 27.4% | 117.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €256k | €117k | €126k | €113k | €122k |
| Fixed assets | 21/28 | €190k | €38k | €54k | €60k | €70k |
| Tangible fixed assets | 22/27 | €190k | €38k | €54k | €60k | €70k |
| Current assets | 29/58 | €66k | €78k | €71k | €53k | €52k |
| Stocks & contracts in progress | 3 | €12k | €15k | €15k | €9k | €9k |
| Amounts receivable within one year | 40/41 | €54k | €63k | €44k | €44k | €26k |
| Cash & bank | 54/58 | - | €472 | €13k | - | €17k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €256k | €117k | €126k | €113k | €122k |
| Equity | 10/15 | €-502k | €-349k | €-172k | €-116k | €-85k |
| Contributions / capital | 10/11 | €15k | €15k | €15k | €15k | - |
| Accumulated profits (losses) | 14 | €-517k | €-364k | €-187k | €-131k | €-100k |
| Amounts payable | 17/49 | €758k | €466k | €297k | €230k | €207k |
| Amounts payable within one year | 42/48 | €758k | €466k | €297k | €230k | €207k |
| Trade debts payable within one year | 44 | €125k | €53k | €74k | €46k | €85k |
| Income statement | ||||||
| Gross operating margin | 9900 | €33k | €68k | €98k | €135k | €7k |
| Operating result | 9901 | €-134k | €-166k | €-53k | €-30k | €-99k |
| Financial income | 75 | €0 | - | - | - | €15 |
| Financial charges | 65 | €19k | €11k | €2k | €1k | €457 |
| Result before taxes | 9903 | €-152k | €-177k | €-55k | €-32k | €-100k |
| Income taxes | 67/77 | €239 | €154 | €44 | €5 | €31 |
| Net result for the period | 9904 | €-153k | €-177k | €-55k | €-32k | €-100k |
| Result to be appropriated | 9905 | €-153k | €-177k | €-55k | €-32k | €-100k |
Legal Structure
| NACE primary | Retail sale of meat and meat products, excluding game and poultry(47221) |
| Legal form | Private limited company(610) |
| Incorporation | 14-01-2020 |
| Status | Active |
| Postal code | 9880 |
Establishment units
Buurtslagers
since 20202.302.703.091
Bon'Ap
since 20252.370.394.344
Real-estate footprint
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44503H0052/00C000 | Flanders | 1.4 ha | 1 · 9,001 m² | 11.4 m · 3 fl. |
| 24101D0121/00T004 | Flanders | 1,366 m² | 1 · 407 m² | 4.3 m · 1 fl. |
| 72022B0614/00M000 | Flanders | 1,204 m² | 1 · 853 m² | 10.7 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-177k
Net result drops to €-177k, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Retail sale of meat and meat products, excluding game and poultry47221Other non-specialised retail sale47120Retail trade47910
Names & trade names
| Legal nameNL | PARICON |
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