PARMEET
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 14 filings
Turnover
≈ €84,000
Estimated: probably between €42,000 and €150,000
Total assets
€23,325▲ 2.5%
2024 · €22,748
Net result
€524▼ 4.3%
2024 · €548
Working capital
€14,857▲ 3.7%
2024 · €14,332
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€889
▲ 24.6%
2025
20182025
Net result
€524
▼ 4.3%
2025
middle half of the sector
20182025
Equity
€12,800
▲ 4.3%
2025
middle half of the sector
20182025
Total assets
€23,325
▲ 2.5%
2025
lowest quarter of the sector
20182025
Debt
€10,525
▲ 0.5%
2025
20182025
Working capital
€14,857
▲ 3.7%
2025
middle half of the sector
20182025
Solvency
54.9%
▲ 0.9pp
2025
middle half of the sector
20182025
Current ratio
2.75
▲ 0.05
2025
middle half of the sector
20182025
Return on assets (ROA)
2.2%
▼ 0.2pp
2025
middle half of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€525--€28,909€8,760€3,872▼ 55.8%€914▼ 76.4%€1,170▲ 28.0%€713▼ 39.0%€889▲ 24.6%
Net result€401--€29,047€8,651within the sector's middle half€3,755within the sector's middle half▼ 56.6%-€3,831within the sector's middle half€999within the sector's middle half€548within the sector's middle half▼ 45.1%€524within the sector's middle half▼ 4.3%
Equity€7,738--€1,309€7,341within the sector's middle half€14,560within the sector's middle half▲ 98.3%€10,729within the sector's middle half▼ 26.3%€11,728within the sector's middle half▲ 9.3%€12,276within the sector's middle half▲ 4.7%€12,800within the sector's middle half▲ 4.3%
Total assets€30,940-€34,324▲ 10.9%€39,897below the sector's middle half▲ 16.2%€30,669below the sector's middle half▼ 23.1%€30,658below the sector's middle half=€20,919below the sector's middle half▼ 31.8%€22,748below the sector's middle half▲ 8.7%€23,325below the sector's middle half▲ 2.5%
Debt€23,202-€35,633▲ 53.6%€32,556▼ 8.6%€16,109▼ 50.5%€19,929▲ 23.7%€9,191▼ 53.9%€10,473▲ 13.9%€10,525▲ 0.5%
Working capital€7,267--€1,309€7,341within the sector's middle half€14,560within the sector's middle half▲ 98.3%€10,729within the sector's middle half▼ 26.3%€13,719within the sector's middle half▲ 27.9%€14,332within the sector's middle half▲ 4.5%€14,857within the sector's middle half▲ 3.7%
Solvency25.0%--3.8%▼ 28.8pp18.4%within the sector's middle half▲ 22.2pp47.5%within the sector's middle half▲ 29.1pp35.0%within the sector's middle half▼ 12.5pp56.1%within the sector's middle half▲ 21.1pp54.0%within the sector's middle half▼ 2.1pp54.9%within the sector's middle half▲ 0.9pp
Current ratio1.31-0.96▼ 0.351.23within the sector's middle half▲ 0.261.90within the sector's middle half▲ 0.681.54within the sector's middle half▼ 0.372.91above the sector's middle half▲ 1.372.70within the sector's middle half▼ 0.202.75within the sector's middle half▲ 0.05
Return on assets (ROA)1.3%--84.6%▼ 85.9pp21.7%above the sector's middle half▲ 106.3pp12.2%within the sector's middle half▼ 9.4pp-12.5%below the sector's middle half▼ 24.7pp4.8%within the sector's middle half▲ 17.3pp2.4%within the sector's middle half▼ 2.4pp2.2%within the sector's middle half▼ 0.2pp
Staff (FTE)1-1.3▲ 30.0%1.5within the sector's middle half▲ 15.4%1.3▼ 13.3%1▼ 23.1%1=
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 25% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €23,325
Equity
€12,800 ▲ 4.3%
Debt
€10,525 ▲ 0.5%
Debt's share of the balance-sheet total falls from 46.0% to 45.1%. Equity and debt are higher.
Key figures and ratios
Quick ratio
0.09▲
2024 · 0.02
Debt to equity
0.82▼
2024 · 0.85
ROE
4.1%▼
2024 · 4.5%
Debt ≤ 1 year
€8,468▲
2024 · €8,416
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 2 | 1 | 1 |
| full-time | 1 | 1 | 1 |
| part-time | 1 | - | - |
| in full-time equivalents | 1.3 | 1 | 1 |
| Average over the year, in full-time equivalents | 1.3 | 1 | 1 |
| On a permanent contract | 2 | 1 | 1 |
| Joined | 0 | - | 0 |
| Left | 1 | - | 1 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | - | - | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €2,000 awarded · €2,000 paidSchemes
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,000 | €2,000 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €49,292 | €43,393 | €34,811 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €471 | €471 | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €970 | €102 | €1,000 | €3,143 | €1,930 | ▼ 38.6% |
| Gross operating margin9900 | €58,497 | €33,350 | €69,067 | €54,134 | €44,409 | €36,981 | €3,856 | €2,819 | ▼ 26.9% |
| Operating profit (loss)9901 | €525 | -€28,909 | €8,760 | €3,872 | €914 | €1,170 | €713 | €889 | ▲ 24.6% |
| Financial income75/76B | - | - | - | - | €60 | - | - | - | - |
| Recurring financial income75 | - | - | - | - | €60 | - | - | - | - |
| Financial charges65/66B | - | - | - | €117 | €171 | €171 | €166 | €365 | ▲ 120% |
| Recurring financial charges65 | €124 | €139 | €110 | €117 | €171 | €171 | €166 | €365 | ▲ 120% |
| Profit (loss) for the period before taxes9903 | €401 | -€29,047 | €8,651 | €3,755 | €803 | €999 | €548 | €524 | ▼ 4.3% |
| Income taxes67/77 | - | - | - | - | €4,633 | - | - | - | - |
| Profit (loss) for the period9904 | €401 | -€29,047 | €8,651 | €3,755 | -€3,831 | €999 | €548 | €524 | ▼ 4.3% |
| Profit (loss) for the period to be appropriated9905 | €401 | -€29,047 | €8,651 | €3,755 | -€3,831 | €999 | €548 | €524 | ▼ 4.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €30,940 | €34,324 | €39,897 | €30,669 | €30,658 | €20,919 | €22,748 | €23,325 | ▲ 2.5% |
| Fixed assets21/28 | €471 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €471 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €30,469 | €34,324 | €39,897 | €30,669 | €30,658 | €20,919 | €22,748 | €23,325 | ▲ 2.5% |
| Stocks and contracts in progress3 | €29,917 | €33,281 | €39,256 | €30,202 | €28,802 | €19,932 | €22,622 | €22,590 | ▼ 0.1% |
| Stocks30/36 | - | - | - | €30,202 | €28,802 | €19,932 | €22,622 | €22,590 | ▼ 0.1% |
| Amounts receivable within one year40/41 | - | - | €47 | - | €628 | €73 | €0 | €355 | - |
| Other amounts receivable41 | - | - | - | - | €628 | €73 | €0 | €355 | - |
| Cash at bank and in hand54/58 | €552 | €1,043 | €595 | €467 | €1,229 | €914 | €126 | €380 | ▲ 200% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €30,940 | €34,324 | €39,897 | €30,669 | €30,658 | €20,919 | €22,748 | €23,325 | ▲ 2.5% |
| Equity10/15 | €7,738 | -€1,309 | €7,341 | €14,560 | €10,729 | €11,728 | €12,276 | €12,800 | ▲ 4.3% |
| Contributions10/11 | €18,600 | €38,600 | - | €38,600 | €38,600 | €38,600 | €38,600 | €38,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €5,324 | €5,324 | €1,860 | €1,860 | €1,860 | = |
| 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 | - | - | - | €3,464 | €3,464 | - | - | - | - |
| Profit (loss) carried forward14 | -€12,722 | -€41,769 | -€33,119 | -€29,364 | -€33,194 | -€28,732 | -€28,184 | -€27,660 | ▲ 1.9% |
| Amounts payable17/49 | €23,202 | €35,633 | €32,556 | €16,109 | €19,929 | €9,191 | €10,473 | €10,525 | ▲ 0.5% |
| Amounts payable within one year42/48 | €23,202 | €35,633 | €32,556 | €16,109 | €19,929 | €7,199 | €8,416 | €8,468 | ▲ 0.6% |
| Trade debts44 | €11,027 | €5,571 | €5,251 | €4,882 | €7,702 | €3,418 | €2,137 | €5,469 | ▲ 156% |
| Suppliers440/4 | - | - | - | €4,882 | €7,702 | €3,418 | €2,137 | €5,469 | ▲ 156% |
| Taxes, remuneration and social security45 | - | - | - | €11,228 | €10,682 | €2,209 | €980 | €344 | ▼ 64.9% |
| Taxes450/3 | - | - | - | €2,622 | €1,710 | €2,209 | €980 | €344 | ▼ 64.9% |
| Remuneration and social security454/9 | - | - | - | €8,606 | €8,972 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €1,545 | €1,572 | €5,300 | €2,655 | ▼ 49.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €1,992 | €2,057 | €2,057 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €401 | -€29,047 | €8,651 | €3,755 | -€3,831 | €999 | €548 | €524 | ▼ 4.3% |
| + Depreciation and write-downs630 | €471 | €471 | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €872 | -€28,576 | €8,651 | €3,755 | -€3,831 | €999 | €548 | €524 | ▼ 4.3% |
| Change in cash | - | €491 | -€448 | -€128 | €762 | -€315 | -€787 | €253 | - |
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, 10,904 companies had the same profile as PARMEET has now. Two years later, 95.1% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.1%
was still going
4.0%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of PARMEET itself: 0.3% 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 10,904 companies, not a prediction for PARMEET. 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 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00234642 | |
| 31-12-2024 | micro format | 10-07-2025 | 2025-00260213 | |
| 31-12-2023 | micro format | 05-07-2024 | 2024-00223342 | |
| 31-12-2022 | micro format | 06-07-2023 | 2023-00214637 | |
| 31-12-2021 | micro format | 06-07-2022 | 2022-20142206 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-27600397 | |
| 31-12-2019 | micro format | 26-06-2020 | 2020-21100233 | |
| 31-12-2018 | micro format | 15-07-2019 | 2019-32600354 | |
| 31-12-2017 | micro format | 29-06-2018 | 2018-26100577 | |
| 31-12-2016 | micro format | 21-06-2017 | 2017-20100171 |