PARKD
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 19-06-2026 at the NBB all 4 filings
Turnover
≈ €230,000
Estimated: probably between €190,000 and €320,000
EBIT margin
Not included in this filing
Net result
€49,083▲ 818%
2024 · €5,344
Working capital
€45,848▲ 417%
2024 · €8,872
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€52,271
2025
20222025
Net result
€49,083
▲ 818%
2025
middle half of the sector
20222025
Equity
€44,276
2025
lowest quarter of the sector
20222025
Total assets
€1.9m
▼ 3.5%
2025
middle half of the sector
20222025
Debt
€1.8m
▼ 6.0%
2025
20222025
Working capital
€45,848
▲ 417%
2025
middle half of the sector
20222025
Solvency
2.4%
▲ 2.6pp
2025
lowest quarter of the sector
20222025
Current ratio
1.03
▲ 0.02
2025
middle half of the sector
20222025
Return on assets (ROA)
2.6%
▲ 2.4pp
2025
middle half of the sector
20222025
Staff (FTE)
1
▼ 16.7%
2025
lowest quarter of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result-€0.07m--€0.001m▲ 98.1%-€0.01m▼ 684%€0.05m
Net result-€0.08mbelow the sector's middle half-€0.001mwithin the sector's middle half€0.005mwithin the sector's middle half▲ 354%€0.05mwithin the sector's middle half▲ 818%
Equity-€0.01mbelow the sector's middle half--€0.01mbelow the sector's middle half▲ 10.4%-€0.005mbelow the sector's middle half▲ 52.6%€0.04mbelow the sector's middle half
Total assets€1.1mwithin the sector's middle half-€1.1mwithin the sector's middle half▲ 4.6%€1.9mabove the sector's middle half▲ 70.8%€1.9mwithin the sector's middle half▼ 3.5%
Debt€1.1m-€1.1m▲ 4.4%€1.9m▲ 69.7%€1.8m▼ 6.0%
Working capital€0.05mwithin the sector's middle half-€0.03mwithin the sector's middle half▼ 43.1%€0.009mwithin the sector's middle half▼ 69.7%€0.05mwithin the sector's middle half▲ 417%
Solvency-1.0%below the sector's middle half--0.9%below the sector's middle half▲ 0.2pp-0.2%below the sector's middle half▲ 0.7pp2.4%below the sector's middle half▲ 2.6pp
Current ratio1.06within the sector's middle half-1.03within the sector's middle half▼ 0.031.00below the sector's middle half▼ 0.021.03within the sector's middle half▲ 0.02
Return on assets (ROA)-7.5%below the sector's middle half-0.1%within the sector's middle half▲ 7.6pp0.3%within the sector's middle half▲ 0.2pp2.6%within the sector's middle half▲ 2.4pp
Staff (FTE)2below the sector's middle half-1.7within the sector's middle half▼ 15.0%1.2within the sector's middle half▼ 29.4%1below the sector's middle half▼ 16.7%
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €52,271, after a loss of €10,716 in 2024. It is the highest result since 2022.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€46,798 ▼ 28.8%
Current assets
€1.8m ▼ 2.6%
Equity and liabilities €1.9m
Equity
€44,276
Debt
€1.8m
Debt's share of the balance-sheet total is 97.6%.
Key figures and ratios
EBITDA
€77,271▲
2024 · €14,284
Cash flow
€74,083▲
2024 · €30,344
Debt to equity
41.03
ROE
110.9%
Interest coverage
9.29▲
2024 · 1.49
Debt ≤ 1 year
€1.8m▼
2024 · €1.9m
Debt > 1 year
€26,918▼
2024 · €79,427
Income taxes
€4,459
Staff costs
€56,672▼
2024 · €63,360
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 1 | 1 | 1 |
| full-time | 2 | 1 | 1 | 1 |
| part-time | 0 | 0 | 0 | 0 |
| in full-time equivalents | 2 | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 2 | 1.7 | 1.2 | 1 |
| On a permanent contract | 2 | 1 | 1 | 1 |
| Joined | 0 | 1 | 1 | 0 |
| Left | 1 | 1 | 1 | 0 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Overdue debts
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Overdue social security (RSZ) debts | - | - | €3,281 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts)
Securities and guarantees
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €250,000 | €179,325 | €1.6m | €1.4m |
| Pledge on the business | €250,000 | €250,000 | €250,000 | €250,000 |
| Pledge on other assets, amount secured | - | - | €1.5m | €1.3m |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €1,358 | - | - | - |
| Intangible fixed assets | €125,000 | - | - | - |
| Financial fixed assets | €6,137 | - | - | €6,050 |
| Depreciation and write-downs of the year | €14,658 | €25,000 | €25,000 | €25,000 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €1,574 awarded · €1,574 paidAnnual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €144,041 | €91,844 | €63,360 | €56,672 | ▼ 10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,658 | €25,000 | €25,000 | €25,000 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €12,328 | €15,614 | -€27,942 | €8,254 | - |
| Other operating charges640/8 | €5,064 | €4,896 | €31,298 | €2,382 | ▼ 92.4% |
| Gross operating margin9900 | €104,656 | €135,986 | €81,001 | €144,580 | ▲ 78.5% |
| Operating profit (loss)9901 | -€71,435 | -€1,367 | -€10,716 | €52,271 | - |
| Financial income75/76B | €11 | €11,534 | €25,618 | €9,588 | ▼ 62.6% |
| Recurring financial income75 | €11 | €11,534 | €25,618 | €9,588 | ▼ 62.6% |
| Financial charges65/66B | €9,476 | €8,989 | €9,558 | €8,316 | ▼ 13.0% |
| Recurring financial charges65 | €9,476 | €8,989 | €9,558 | €8,316 | ▼ 13.0% |
| Profit (loss) for the period before taxes9903 | -€80,900 | €1,177 | €5,344 | €53,542 | ▲ 902% |
| Income taxes67/77 | - | - | - | €4,459 | - |
| Profit (loss) for the period9904 | -€80,900 | €1,177 | €5,344 | €49,083 | ▲ 818% |
| Profit (loss) for the period to be appropriated9905 | -€80,900 | €1,177 | €5,344 | €49,083 | ▲ 818% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.1m | €1.1m | €1.9m | €1.9m | ▼ 3.5% |
| Fixed assets21/28 | €0.1m | €0.09m | €0.07m | €0.05m | ▼ 28.8% |
| Intangible fixed assets21 | €0.1m | €0.09m | €0.06m | €0.04m | ▼ 41.4% |
| Financial fixed assets28 | €0.006m | €0.005m | €0.005m | €0.01m | ▲ 112% |
| Current assets29/58 | €1.0m | €1.0m | €1.9m | €1.8m | ▼ 2.6% |
| Amounts receivable within one year40/41 | €0.9m | €1.0m | €1.8m | €1.8m | ▼ 2.0% |
| Trade receivables40 | €0.7m | €0.5m | €0.7m | €0.8m | ▲ 5.1% |
| Other amounts receivable41 | €0.2m | €0.5m | €1.1m | €1.0m | ▼ 6.9% |
| Cash at bank and in hand54/58 | €0.06m | €0.06m | €0.06m | €0.02m | ▼ 61.8% |
| Deferred charges and accrued income490/1 | €0.005m | €0 | €0.006m | €0.03m | ▲ 416% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.9m | €1.9m | ▼ 3.5% |
| Equity10/15 | -€0.01m | -€0.01m | -€0.005m | €0.04m | - |
| Contributions10/11 | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Capital10 | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Issued capital100 | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Profit (loss) carried forward14 | -€0.08m | -€0.08m | -€0.07m | -€0.03m | ▲ 66.0% |
| Amounts payable17/49 | €1.1m | €1.1m | €1.9m | €1.8m | ▼ 6.0% |
| Amounts payable after more than one year17 | €0.2m | €0.1m | €0.08m | €0.03m | ▼ 66.1% |
| Financial debts170/4 | €0.2m | €0.1m | €0.08m | €0.03m | ▼ 66.1% |
| Amounts payable within one year42/48 | €0.9m | €1.0m | €1.9m | €1.8m | ▼ 4.6% |
| Current portion of amounts payable after more than one year42 | €0.05m | €0.05m | €0.05m | €0.05m | ▲ 6.5% |
| Financial debts43 | - | - | - | €150 | - |
| Credit institutions430/8 | - | - | - | €150 | - |
| Trade debts44 | €0.9m | €0.9m | €1.8m | €1.7m | ▼ 4.7% |
| Suppliers440/4 | €0.9m | €0.9m | €1.8m | €1.7m | ▼ 4.7% |
| Advances received on contracts in progress46 | - | - | €0.01m | €0.006m | ▼ 55.0% |
| Taxes, remuneration and social security45 | €0.01m | €0.02m | €0.02m | €0.02m | ▲ 9.6% |
| Taxes450/3 | - | €0.004m | €0.002m | €0.006m | ▲ 163% |
| Remuneration and social security454/9 | €0.01m | €0.02m | €0.02m | €0.02m | ▼ 11.1% |
| Other amounts payable47/48 | - | - | - | €469 | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€80,900 | €1,177 | €5,344 | €49,083 | ▲ 818% |
| + Depreciation and write-downs630 | €14,658 | €25,000 | €25,000 | €25,000 | = |
| Operating cash flow (approximation) | -€66,243 | €26,177 | €30,344 | €74,083 | ▲ 144% |
| Investment in fixed assets (approximation) | - | €732 | €0 | -€6,050 | - |
| Change in cash | - | -€1,923 | €3,509 | -€38,205 | - |
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, 2,135 companies had the same profile as PARKD has now. Two years later, 92.0% were still going and 5.2% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
92.0%
was still going
2.3%
stopped otherwise
5.2%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PARKD itself is lower: 0.6% within 12 months. It rests on far more data about PARKD than the profile alone.
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 2,135 companies, not a prediction for PARKD. 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.