PARO
ActiveSummary
PARO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.6m and a net result of €83,872. Equity is growing by ~15.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability26▼-72
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180,000 at 30 days acceptable
short-term debt: 0.5% and cash: 10.1% of total assets, and 17.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.1%
Return on assets
2.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
72 d late
2022
31 d late
2021
16 d early
2020
31 d late
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 29 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€83,872▼ 89.2%
2024 · €773,701
Working capital
€2.4m▲ 0.6%
2024 · €2.4m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€17,028▲ 18.8%€1,297▼ 92.4%-€10,634€976,219-€14,298
Net result€5,805▲ 67.3%€28,010▲ 382%€694,865▲ 2,381%€773,701▲ 11.3%€83,872▼ 89.2%
Equity€1.0m▲ 0.6%€1.0m▲ 2.8%€1.7m▲ 67.1%€2.5m▲ 44.7%€2.6m▲ 3.3%
Total assets€1.4m▲ 0.2%€1.4m▲ 2.9%€2.1m▲ 48.5%€3.3m▲ 52.8%€3.2m▼ 3.8%
Debt€334,866▼ 0.3%€350,760▲ 4.7%€359,199▲ 2.4%€720,923▲ 101%€515,156▼ 28.5%
Working capital€205,335▲ 19.1%€271,068▲ 32.0%€1.2m▲ 336%€2.4m▲ 103%€2.4m▲ 0.6%
Why a figure moved sharply
- 2025 Net result -89% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €14,298 after €976,219 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets
€724,963 ▲ 6.4%
Current assets
€2.4m ▼ 6.5%
Equity and liabilities €3.2m
Equity
€2.6m ▲ 3.3%
Provisions
€50,113 ▼ 5.0%
Debt
€515,156 ▼ 28.5%
Debt's share of the balance-sheet total falls from 22.0% to 16.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13,421▼
2024 · €1.0m
Cash flow
€111,590▼
2024 · €800,359
Debt to equity
0.20▼
2024 · 0.29
ROE
3.2%▼
2024 · 30.9%
ROA
2.7%▼
2024 · 23.6%
Interest coverage
0.51▼
2024 · 137.96
Debt ≤ 1 year
€17,184▼
2024 · €198,222
Debt > 1 year
€497,971▲
2024 · €489,733
Income taxes
€11,744▼
2024 · €252,375
A ratio outside any meaningful range has been withheld (balance sheet total €3.2m, equity €2.6m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,733 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €605 | €1.1m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,584 | €24,465 | €21,768 | €26,658 | €27,719 | ▲ 4.0% |
| Other operating charges640/8 | €6,244 | €6,434 | €6,868 | €6,735 | €11,954 | ▲ 77.5% |
| Gross operating margin9900 | €49,856 | €32,197 | €18,002 | €1.0m | €25,375 | ▼ 97.5% |
| Operating profit (loss)9901 | €17,028 | €1,297 | -€10,634 | €976,219 | -€14,298 | ▼ 101% |
| Financial income75/76B | - | €42,632 | €703,154 | €54,490 | €133,702 | ▲ 145% |
| Recurring financial income75 | - | €42,632 | €22,516 | €54,490 | €133,702 | ▲ 145% |
| Non-recurring financial income76B | - | - | €680,638 | - | - | - |
| Financial charges65/66B | €13,505 | €18,303 | €51 | €7,269 | €26,425 | ▲ 264% |
| Recurring financial charges65 | €13,505 | €18,303 | €51 | €7,269 | €26,425 | ▲ 264% |
| Profit (loss) for the period before taxes9903 | €3,522 | €25,626 | €692,469 | €1.0m | €92,979 | ▼ 90.9% |
| Transfer from deferred taxes780 | €2,636 | €2,636 | €2,636 | €2,636 | €2,636 | = |
| Income taxes67/77 | €353 | €252 | €240 | €252,375 | €11,744 | ▼ 95.3% |
| Profit (loss) for the period9904 | €5,805 | €28,010 | €694,865 | €773,701 | €83,872 | ▼ 89.2% |
| Transfer from tax-exempt reserves789 | €5,121 | €5,121 | €5,121 | €5,121 | €5,121 | = |
| Profit (loss) for the period to be appropriated9905 | €10,926 | €33,131 | €699,986 | €778,822 | €88,993 | ▼ 88.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.4m | €2.1m | €3.3m | €3.2m | ▼ 3.8% |
| Fixed assets21/28 | €1.2m | €1.2m | €951,361 | €681,653 | €724,963 | ▲ 6.4% |
| Tangible fixed assets22/27 | €995,480 | €971,015 | €951,361 | €681,653 | €724,963 | ▲ 6.4% |
| Land and buildings22 | €995,480 | €971,015 | €949,276 | €679,891 | €723,523 | ▲ 6.4% |
| Plant, machinery and equipment23 | - | - | €2,085 | €1,762 | €1,440 | ▼ 18.3% |
| Financial fixed assets28 | €200,722 | €200,722 | - | - | - | - |
| Current assets29/58 | €206,432 | €272,165 | €1.2m | €2.6m | €2.4m | ▼ 6.5% |
| Amounts receivable within one year40/41 | - | €1,879 | €885 | €59,203 | €68,737 | ▲ 16.1% |
| Other amounts receivable41 | - | €1,879 | €885 | €59,203 | €68,737 | ▲ 16.1% |
| Current investments50/53 | - | - | €1.0m | €2.0m | €2.0m | ▲ 1.8% |
| Cash at bank and in hand54/58 | €206,022 | €269,846 | €191,845 | €529,823 | €317,612 | ▼ 40.1% |
| Deferred charges and accrued income490/1 | €410 | €440 | €480 | €1,157 | €485 | ▼ 58.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.4m | €2.1m | €3.3m | €3.2m | ▼ 3.8% |
| Equity10/15 | €1.0m | €1.0m | €1.7m | €2.5m | €2.6m | ▲ 3.3% |
| Contributions10/11 | €750,000 | €750,000 | €750,000 | €750,000 | €750,000 | = |
| Capital10 | €750,000 | €750,000 | €750,000 | €750,000 | €750,000 | = |
| Issued capital100 | €750,000 | €750,000 | €750,000 | €750,000 | €750,000 | = |
| Reserves13 | €257,111 | €285,122 | €979,987 | €1.8m | €1.8m | ▲ 4.8% |
| Non-distributable reserves130/1 | €32,218 | €65,349 | €75,000 | €75,000 | €75,000 | = |
| Legal reserve130 | €32,218 | €65,349 | €75,000 | €75,000 | €75,000 | = |
| Tax-exempt reserves132 | €117,784 | €112,663 | €107,542 | €102,421 | €97,300 | ▼ 5.0% |
| Distributable reserves133 | €107,110 | €107,110 | €797,445 | €1.6m | €1.7m | ▲ 5.6% |
| Provisions and deferred taxes16 | €60,657 | €58,021 | €55,385 | €52,749 | €50,113 | ▼ 5.0% |
| Deferred taxes168 | €60,657 | €58,021 | €55,385 | €52,749 | €50,113 | ▼ 5.0% |
| Amounts payable17/49 | €334,866 | €350,760 | €359,199 | €720,923 | €515,156 | ▼ 28.5% |
| Amounts payable after more than one year17 | €320,308 | €317,945 | €315,695 | €489,733 | €497,971 | ▲ 1.7% |
| Financial debts170/4 | - | - | - | €174,151 | €182,389 | ▲ 4.7% |
| Other amounts payable178/9 | €320,308 | €317,945 | €315,695 | €315,582 | €315,582 | = |
| Amounts payable within one year42/48 | €1,097 | €1,097 | €11,786 | €198,222 | €17,184 | ▼ 91.3% |
| Financial debts43 | - | - | - | €172,583 | - | - |
| Credit institutions430/8 | - | - | - | €172,583 | - | - |
| Trade debts44 | - | €353 | €11,042 | €24,177 | €16,440 | ▼ 32.0% |
| Suppliers440/4 | - | €353 | €11,042 | €24,177 | €16,440 | ▼ 32.0% |
| Taxes, remuneration and social security45 | €353 | - | - | €718 | - | - |
| Taxes450/3 | €353 | - | - | €718 | - | - |
| Other amounts payable47/48 | €744 | €744 | €744 | €744 | €744 | = |
| Accrued charges and deferred income492/3 | €13,460 | €31,718 | €31,718 | €32,968 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,805 | €28,010 | €694,865 | €773,701 | €83,872 | ▼ 89.2% |
| + Depreciation and write-downs630 | €26,584 | €24,465 | €21,768 | €26,658 | €27,719 | ▲ 4.0% |
| Operating cash flow (approximation) | €32,389 | €52,475 | €716,633 | €800,359 | €111,590 | ▼ 86.1% |
| Investment in fixed assets (approximation) | - | €0 | €198,609 | €243,049 | -€71,028 | ▼ 129% |
| Change in cash | - | €63,824 | -€78,001 | €337,978 | -€212,211 | ▼ 163% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Liquidity times 11current ratio 141.28
Current ratio from 13.09 to 141.28; short-term debt falls from €198,222 to €17,184.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
31-12
Financial
Highest result since 2018net €773,701 ▲11.3%
Operating result €976,219, net result €773,701, both a record.
31-12
Financial
Equity above €2mEq €2.5m ▲44.7%
5 profitable years in a row build equity to €2.5m.
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 72 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 6current ratio 188.17
Current ratio from 33.29 to 188.17; short-term debt falls from €5,337 to €1,097.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Back to profitnet €3,471
Net result €3,471 after one loss-making year.
31-12
Financial
Equity above €1mEq €1.0m ▲0.3%
Equity rises from €997,835 to €1.0m.
Show earlier events
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
31-12
Financial
Weakest financial yearnet -€14,929
Net result drops to -€14,929, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 39current ratio 23.56
Current ratio from 0.60 to 23.56; short-term debt falls from €226,413 to €6,659.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oud-Heverlee · 1 establishment unit since 1989
Ground area
2,465 m²
Building footprint
261 m²
Volume, LiDAR
1,635 m³
Parcel 24086B0250/00G000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Sint-Annastraat 9, 3050 Oud-Heverlee
since 19892.043.370.920
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24086B0250/00G000 | Flanders | 2,465 m² | 1 · 261 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
894500RAHZ64HI4TPX93
Identification & contact
Identification
Legal formPublic limited company
Founded04-01-1988
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433083125
Also
9925:BE0433083125
Registered
21-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.