PARK IZEGEM
ActiveFinancials · financial year 2025, full format
2025 annual accounts filed 20 days after the deadline Filed on 20 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00409908.
Annual accounts 2025 filed on 20-08-2026 at the NBB all 24 filings
Every figure per financial year
The net result for 2025 is a loss of €10,954, larger than the loss of €10,821 in 2024. It is the lowest result since 2021.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | - | - | €1.5m | €1.5m |
| Carrying value of the mortgaged assets | - | - | - | €627,610 | €627,610 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Financial charges65/66B | - | - | - | €10,317 | €10,473 | €10,631 | €10,821 | €10,954 | ▲ 1.2% |
| Recurring financial charges65 | €25,657 | €13,297 | €10,191 | €10,317 | €10,473 | €10,631 | €10,821 | €10,954 | ▲ 1.2% |
| Profit (loss) for the period before taxes9903 | -€25,657 | -€13,297 | -€10,191 | -€10,317 | -€10,473 | -€10,631 | -€10,821 | -€10,954 | ▼ 1.2% |
| Profit (loss) for the period9904 | -€25,657 | -€13,297 | -€10,191 | -€10,317 | -€10,473 | -€10,631 | -€10,821 | -€10,954 | ▼ 1.2% |
| Profit (loss) for the period to be appropriated9905 | -€25,657 | -€13,297 | -€10,191 | -€10,317 | -€10,473 | -€10,631 | -€10,821 | -€10,954 | ▼ 1.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €737,142 | €737,142 | €737,142 | €737,142 | €737,142 | €737,142 | €737,142 | €787,142 | ▲ 6.8% |
| Fixed assets21/28 | €737,142 | €737,142 | €737,142 | €737,142 | €737,142 | €737,142 | €737,142 | €787,142 | ▲ 6.8% |
| Tangible fixed assets22/27 | €737,142 | €737,142 | €737,142 | €737,142 | €737,142 | €737,142 | €737,142 | €787,142 | ▲ 6.8% |
| Other tangible fixed assets26 | - | - | - | €737,142 | €737,142 | €737,142 | €737,142 | €787,142 | ▲ 6.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €737,142 | €737,142 | €737,142 | €737,142 | €737,142 | €737,142 | €737,142 | €787,142 | ▲ 6.8% |
| Equity10/15 | €76,642 | €63,345 | €53,154 | €42,836 | €32,364 | €21,733 | €10,912 | €49,958 | ▲ 358% |
| Contributions10/11 | €162,000 | €162,000 | €162,000 | €162,000 | €162,000 | €162,000 | €162,000 | €162,000 | = |
| Capital10 | - | - | - | €162,000 | €162,000 | €162,000 | €162,000 | €162,000 | = |
| Issued capital100 | - | - | - | €162,000 | €162,000 | €162,000 | €162,000 | €162,000 | = |
| Revaluation surpluses12 | - | - | - | €109,532 | €109,532 | €109,532 | €109,532 | €159,532 | ▲ 45.6% |
| Reserves13 | €133 | €133 | €133 | €133 | €133 | €133 | €133 | €133 | = |
| Non-distributable reserves130/1 | - | - | - | €133 | €133 | €133 | €133 | €133 | = |
| Legal reserve130 | - | - | - | €133 | €133 | €133 | €133 | €133 | = |
| Profit (loss) carried forward14 | -€195,023 | -€208,320 | -€218,511 | -€228,829 | -€239,301 | -€249,932 | -€260,753 | -€271,707 | ▼ 4.2% |
| Amounts payable17/49 | €660,501 | €673,797 | €683,989 | €694,306 | €704,779 | €715,410 | €726,230 | €737,185 | ▲ 1.5% |
| Amounts payable within one year42/48 | €660,501 | €673,797 | €683,989 | €694,306 | €704,779 | €715,410 | €726,230 | €737,185 | ▲ 1.5% |
| Other amounts payable47/48 | - | - | - | €694,306 | €704,779 | €715,410 | €726,230 | €737,185 | ▲ 1.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,657 | -€13,297 | -€10,191 | -€10,317 | -€10,473 | -€10,631 | -€10,821 | -€10,954 | ▼ 1.2% |
| Operating cash flow (approximation) | -€25,657 | -€13,297 | -€10,191 | -€10,317 | -€10,473 | -€10,631 | -€10,821 | -€10,954 | ▼ 1.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | -€50,000 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,104 companies had the same profile as PARK IZEGEM has now. Two years later, 94.3% were still going and 1.8% had gone bankrupt.
- Small
- 20 years or older
- solvency under 10%
- a small loss
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PARK IZEGEM itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,104 companies, not a prediction for PARK IZEGEM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 20-08-2026 | 2026-00409908 | |
| 31-12-2024 | abbreviated format | 25-08-2025 | 2025-00398879 | |
| 31-12-2023 | abbreviated format | 10-08-2024 | 2024-00338556 | |
| 31-12-2022 | abbreviated format | 22-08-2023 | 2023-00341092 | |
| 31-12-2021 | abbreviated format | 22-08-2022 | 2022-20301889 | |
| 31-12-2020 | abbreviated format | 25-08-2021 | 2021-55800015 | |
| 31-12-2019 | abbreviated format | 27-08-2020 | 2020-47600363 | |
| 31-12-2018 | abbreviated format | 27-08-2019 | 2019-60400176 | |
| 31-12-2017 | abbreviated format | 28-08-2018 | 2018-54300191 | |
| 31-12-2016 | abbreviated format | 30-08-2017 | 2017-58700172 |