PARSE II
ActiveSummary
PARSE II has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €135k and a net result of €84k. Equity is shrinking by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 43% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability88▲+7
Solvency50▲+14
Growth66▲+13
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 0.76 in 2023; short-term debt: 52% and cash: 25.3% of total assets), and 75.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €135k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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
not confirmed
2024
26 d late
2023
61 d late
2022
92 d late
2021
11 d early
2020
90 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€946k▼ 1.8%
2019 · €963k
EBIT margin
-2.2%▼ 3.5pp
2019 · 1.3%
Net result
€84k▲ 84.0%
2023 · €46k
Working capital
€13k
2023 · €-61k
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
Line20202021202220232024
Turnover€946k▼ 1.8%
Operating result€-21k€-32k▼ 53.5%€-8k▲ 75.4%€60k€130k▲ 115%
Net result€-21k€-33k▼ 55.9%€-16k▲ 50.4%€46k€84k▲ 84.0%
EBIT margin-2.2%▼ 3.5pp
Equity€55k▼ 28.0%€22k▼ 60.6%€5k▼ 76.3%€51k▲ 893%€135k▲ 165%
Total assets€91k▼ 26.2%€54k▼ 40.5%€444k▲ 724%€466k▲ 4.9%€545k▲ 17.0%
Debt€36k▼ 23.4%€32k▼ 10.1%€439k▲ 1,256%€415k▼ 5.5%€410k▼ 1.2%
Working capital€51k▼ 29.5%€18k▼ 65.5%€-100k€-61k▲ 38.5%€13k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 115% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €545k
Fixed assets
€249k ▼ 8.5%
Current assets
€296k ▲ 52.6%
Equity and liabilities €545k
Equity
€135k ▲ 165%
Debt
€410k ▼ 1.2%
Debt's share of the balance-sheet total falls from 89.1% to 75.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€158k▲
2023 · €89k
Cash flow
€112k▲
2023 · €74k
Current ratio
1.04▲
2023 · 0.76
Quick ratio
0.75▲
2023 · 0.46
Debt to equity
3.04▼
2023 · 8.17
ROE
62.3%▼
2023 · 89.9%
ROA
15.4%▲
2023 · 9.8%
Interest coverage
11.77▲
2023 · 6.02
Debt ≤ 1 year
€284k▲
2023 · €255k
Debt > 1 year
€127k▼
2023 · €160k
Income taxes
€35k▲
2023 · €2k
Staff costs
€74k▲
2023 · €62k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €946k | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €4k | €67k | €62k | €74k | ▲ 20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €811 | €939 | €14k | €28k | €28k | ▼ 0.5% |
| Other operating charges640/8 | - | €111 | €357 | - | €50 | - |
| Gross operating margin9900 | €-18k | €-26k | €73k | €151k | €233k | ▲ 54.3% |
| Operating profit (loss)9901 | €-21k | €-32k | €-8k | €60k | €130k | ▲ 115% |
| Financial income75/76B | - | €107 | €723 | €2k | €3k | ▲ 93.6% |
| Recurring financial income75 | €483 | €107 | €723 | €2k | €3k | ▲ 93.6% |
| Financial charges65/66B | - | €693 | €9k | €15k | €13k | ▼ 8.8% |
| Recurring financial charges65 | €1k | €693 | €9k | €15k | €13k | ▼ 8.8% |
| Profit (loss) for the period before taxes9903 | €-21k | €-32k | €-16k | €47k | €119k | ▲ 153% |
| Income taxes67/77 | €-4 | €739 | - | €2k | €35k | ▲ 2,181% |
| Profit (loss) for the period9904 | €-21k | €-33k | €-16k | €46k | €84k | ▲ 84.0% |
| Profit (loss) for the period to be appropriated9905 | €-21k | €-33k | €-16k | €46k | €84k | ▲ 84.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €91k | €54k | €444k | €466k | €545k | ▲ 17.0% |
| Fixed assets21/28 | €3k | €4k | €297k | €272k | €249k | ▼ 8.5% |
| Intangible fixed assets21 | - | - | €122k | €110k | €97k | ▼ 11.8% |
| Tangible fixed assets22/27 | €2k | €2k | €170k | €157k | €147k | ▼ 6.5% |
| Land and buildings22 | - | €331 | - | - | - | - |
| Plant, machinery and equipment23 | - | - | €168k | €156k | €147k | ▼ 6.0% |
| Furniture and vehicles24 | - | €2k | €2k | €1k | €256 | ▼ 74.9% |
| Financial fixed assets28 | €2k | €2k | €4k | €5k | €5k | = |
| Current assets29/58 | €87k | €50k | €147k | €194k | €296k | ▲ 52.6% |
| Stocks and contracts in progress3 | €34k | €26k | €84k | €76k | €85k | ▲ 12.0% |
| Stocks30/36 | - | €26k | €84k | €76k | €85k | ▲ 12.0% |
| Amounts receivable within one year40/41 | €37k | €7k | €40k | €82k | €74k | ▼ 10.6% |
| Trade receivables40 | - | €5k | €14k | €28k | €11k | ▼ 60.1% |
| Other amounts receivable41 | - | €2k | €26k | €55k | €62k | ▲ 14.4% |
| Cash at bank and in hand54/58 | €15k | €17k | €24k | €36k | €138k | ▲ 281% |
| Deferred charges and accrued income490/1 | - | €78 | €118 | - | €70 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €91k | €54k | €444k | €466k | €545k | ▲ 17.0% |
| Equity10/15 | €55k | €22k | €5k | €51k | €135k | ▲ 165% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €57k | €57k | €57k | €57k | €116k | ▲ 103% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €56k | €56k | €56k | €114k | ▲ 106% |
| Profit (loss) carried forward14 | €-21k | €-54k | €-71k | €-25k | - | - |
| Amounts payable17/49 | €36k | €32k | €439k | €415k | €410k | ▼ 1.2% |
| Amounts payable after more than one year17 | - | - | €192k | €160k | €127k | ▼ 20.7% |
| Financial debts170/4 | - | - | €192k | €160k | €127k | ▼ 20.7% |
| Amounts payable within one year42/48 | €36k | €32k | €247k | €255k | €284k | ▲ 11.0% |
| Current portion of amounts payable after more than one year42 | - | - | €31k | €32k | €48k | ▲ 49.4% |
| Financial debts43 | - | - | - | €19k | €9k | ▼ 53.9% |
| Credit institutions430/8 | - | - | - | €19k | €9k | ▼ 53.9% |
| Trade debts44 | €29k | €27k | €203k | €197k | €203k | ▲ 3.2% |
| Suppliers440/4 | - | €27k | €203k | €197k | €203k | ▲ 3.2% |
| Taxes, remuneration and social security45 | - | €5k | €13k | €8k | €24k | ▲ 196% |
| Taxes450/3 | - | €5k | €4k | €5k | €24k | ▲ 405% |
| Remuneration and social security454/9 | - | - | €9k | €3k | €354 | ▼ 89.8% |
| Other amounts payable47/48 | - | €1k | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-21k | €-33k | €-16k | €46k | €84k | ▲ 84.0% |
| + Depreciation and write-downs630 | €811 | €939 | €14k | €28k | €28k | ▼ 0.5% |
| Operating cash flow (approximation) | €-20k | €-32k | €-3k | €74k | €112k | ▲ 51.7% |
| Investment in fixed assets (approximation) | - | €-1k | €-307k | €-3k | €-5k | ▼ 53.2% |
| Change in cash | - | €2k | €7k | €12k | €102k | ▲ 718% |
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
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Highest result since 2018net €84k ▲84%
Operating result €130k, net result €84k, both a record.
31-12
Financial
Equity above €100kEq €135k ▲165%
2 profitable years in a row build equity to €135k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Back to profitnet €46k
Net result €46k after 3 loss-making years.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 92 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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, Bekkevoort · 1 establishment unit since 2011
Ground area
1,542 m²
Building footprint
581 m²
Volume, LiDAR
2,935 m³
2 parcels, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Louis Delhaize Bertem
since 20112.204.938.672
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24008B0004/00D002 | Flanders | 984 m² | 1 · 161 m² | 7.3 m · 2 fl. |
| 24009B0342/00N002 | Flanders | 558 m² | 1 · 420 m² | 6.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBertem2.204.938.672
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Of 10,506 companies in sector 47110 we hold annual accounts for 5,848. 4,503 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded29-11-2011
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Scores and ratios are computed by Checked and are not a credit decision.