PARK LIFE · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of PARK LIFE is 5.1% (elevated). The 2024 annual accounts show negative equity (€-162k) and a net result of €-56k. Equity is shrinking by ~66% per year across the filed fiscal years. Its solvency ranks better than 10% of 6720 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

5.1% Elevated

0%0,5%1,5%4%10%≥25%

Young company +Annual accounts: weaker financial profile +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence

Negative equity

Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 16 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	29-08-2025	29 d late	2025-00479156
31-12-2023	31-07-2024	30-08-2024	30 d late	2024-00452943
31-12-2022	31-07-2023	22-08-2023	22 d late	2023-00352130
31-12-2021	31-07-2022	28-07-2022	3 d early	2022-20242162

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, 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.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-56k+10.8%

Working capital€-151k-37.5%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~66%/year over 4 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 (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-84.0%	20.4%	better than 10% of 6720 sector peers
Net result	€-56k	€4k	better than 5% of 6701 sector peers
Equity	€-162k	€16k	better than 5% of 6735 sector peers
Gross operating margin	€-23k	€24k	better than 5% of 6680 sector peers
Staff costs	€14k	€33k	higher than 31% of 3047 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P10

Stable position over 2021-2024 · n=2689-6720

Net result P5

Stable position over 2021-2024 · n=2680-6701

Equity P5

Stable position over 2021-2024 · n=2693-6735

Gross operating margin P5

Stable position over 2021-2024 · n=2666-6680

Describes the position versus peers, not a forecast.

EBITDA

€-38k

+13.6% 21-24

Net profit

€-56k

+10.8% 21-24

Cash flow

€-39k

+13.1% 21-24

Total assets

€194k

+3.5% 21-24

Equity

€-162k

-52.9% 21-24

Working capital

€-151k

-37.5% 21-24

Employees (FTE)

1

- 21-24

Staff costs

€14k

+1837.8% 21-24

Show 11 other metrics

Income taxes

€439

-4.3% 21-24

Debt

€356k

+21.4% 21-24

Debt ≤ 1y

€323k

+24.3% 21-24

Debt > 1y

€30k

0.0% 21-24

Current ratio

0.53

-7.8% 21-24

Quick ratio

0.16

+21.9% 21-24

Solvency

-84.0%

-47.7% 21-24

Debt / equity

-2.19

+20.6% 21-24

ROE

34.6%

-41.6% 21-24

ROA

-29.0%

+13.8% 21-24

Interest coverage

-52.46

+17.4% 21-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€-38k
Net profit	€-56k
Cash flow	€-39k
Staff costs	€14k
Income taxes	€439
Dividends	-
Total assets	€194k
Equity	€-162k
Debt	€356k
of which ≤ 1y	€323k
of which > 1y	€30k
Working capital	€-151k
Employees (FTE)	1.0

Ratios (computed)

	2024
Current ratio	0.53
Quick ratio	0.16
Working capital ratio	-77.9%
Solvency	-84.0%
Debt / equity	-2.19
Long-term debt ratio	-0.18
Interest coverage	-52.46
Gross margin	-
Net margin	-
ROA	-29.0%
ROE	34.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €21k · 11.1% Current assets €172k · 88.9%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€194k
Fixed assets	21/28	€21k
Intangible fixed assets	21	€2k
Tangible fixed assets	22/27	€20k
Current assets	29/58	€172k
Stocks & contracts in progress	3	€119k
Amounts receivable within one year	40/41	€12k
Cash & bank	54/58	€41k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€194k
Equity	10/15	€-162k
Contributions / capital	10/11	€5k
Accumulated profits (losses)	14	€-167k
Amounts payable	17/49	€356k
Amounts payable after one year	17	€30k
Amounts payable within one year	42/48	€323k
Trade debts payable within one year	44	€95k
Income statement
Gross operating margin	9900	€-23k
Operating result	9901	€-55k
Financial income	75	€8
Financial charges	65	€724
Result before taxes	9903	€-56k
Income taxes	67/77	€439
Net result for the period	9904	€-56k
Result to be appropriated	9905	€-56k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

15 / 100 Critical

050100

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.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

2 locations

PARK LIFE

Rue Fontaine Saint-Lambert (BO) 37 / 3, 4520 WanzeMaken van geluidsopnamen

since 20212.314.507.892

PARK LIFE

Rue des Fouarges 6, 4500 HuyVervaardiging van kleding van leer

since 20212.314.507.991

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area1,407 m²

Buildings2

Building footprint170 m²

Volume (LiDAR)1,162 m³

Tallest building15.0 m · ±4 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
61006B0085/00K003	Wallonia	1,270 m²	1 · 128 m²	6.7 m · 2 fl.
61031B0236/00C000	Wallonia	137 m²	1 · 42 m²	15.0 m · 4 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured

55 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 15

Profitability 100

Solvency 34

Growth 32

Stability 94

Credit advice

verdict per customer and amount

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We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 515 of the 6,474 companies in this sector.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires in gespecialiseerde winkels (algemeen assortiment)47716Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)47716Detailhandel in overige sportartikelen47639Detailhandel in sport- en kampeerartikelen in gespecialiseerde winkels47640Detailhandel in cultuur- en recreatieartikelen, neg47690Detailhandel in nieuwe kunstvoorwerpen in gespecialiseerde winkels47787Uitgeverijen van muziekopnamen59203Uitgeverijen van muziekopnamen59203Activiteiten van managers van artiesten, sportlui en overige bekende pesonaliteiten74901Activiteiten van managers van artiesten, sportlui en overige bekende personaliteiten74991Scheppende kunsten, m.u.v. ondersteunende diensten90031Literaire creatie90111

Primary activity highlighted.

Names & trade names

Legal nameFR

PARK LIFE

Registered office

Rue Fontaine Saint-Lambert (BO) 37 / 3

4520 Wanze, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.