PARSEH
ActiveSummary
PARSEH has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,630 and a net result of €898. Equity is shrinking by about 2.6% per year across the filed financial years. Its solvency ranks better than 61% of 12,578 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (27 days) Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00447910.
Equity
€18,630▲ 5.1%
2024 · €17,731
Total assets
€39,582▼ 0.3%
2024 · €39,683
Net result
€898▼ 81.2%
2024 · €4,782
Working capital
-€6,447▼ 9.0%
2024 · -€5,917
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 59% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€2,440
2025
Net result€898
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€39,582
2025
Equity€18,630
2025
Debt€20,952
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€6,447
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)2.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency47.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.69
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)3
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€13,551-€2,193▼ 83.8%-€4,072€8,759€7,682▼ 12.3%-€9,598€5,934€2,440▼ 58.9%
Net result€10,026--€1,172-€7,020below the sector's middle half▼ 499%€6,534below the sector's middle half€2,586within the sector's middle half▼ 60.4%-€10,405below the sector's middle half€4,782within the sector's middle half€898within the sector's middle half▼ 81.2%
Equity€22,426-€21,254▼ 5.2%€14,234below the sector's middle half▼ 33.0%€20,768below the sector's middle half▲ 45.9%€23,354within the sector's middle half▲ 12.5%€12,949within the sector's middle half▼ 44.6%€17,731within the sector's middle half▲ 36.9%€18,630below the sector's middle half▲ 5.1%
Total assets€55,004-€44,292▼ 19.5%€29,373below the sector's middle half▼ 33.7%€42,358below the sector's middle half▲ 44.2%€57,131below the sector's middle half▲ 34.9%€62,672within the sector's middle half▲ 9.7%€39,683below the sector's middle half▼ 36.7%€39,582below the sector's middle half▼ 0.3%
Debt€32,578-€23,039▼ 29.3%€15,139▼ 34.3%€21,590▲ 42.6%€33,777▲ 56.4%€49,723▲ 47.2%€21,951▼ 55.9%€20,952▼ 4.6%
Working capital€5,034-€1,340▼ 73.4%-€6,884below the sector's middle half€5,677below the sector's middle half€6,262within the sector's middle half▲ 10.3%-€36,811below the sector's middle half-€5,917within the sector's middle half▲ 83.9%-€6,447below the sector's middle half▼ 9.0%
Solvency40.8%-48.0%▲ 7.2pp48.5%within the sector's middle half▲ 0.5pp49.0%within the sector's middle half▲ 0.6pp40.9%within the sector's middle half▼ 8.2pp20.7%within the sector's middle half▼ 20.2pp44.7%within the sector's middle half▲ 24.0pp47.1%within the sector's middle half▲ 2.4pp
Current ratio1.15-1.06▼ 0.100.55below the sector's middle half▼ 0.511.40within the sector's middle half▲ 0.851.22within the sector's middle half▼ 0.180.26below the sector's middle half▼ 0.960.73below the sector's middle half▲ 0.470.69below the sector's middle half▼ 0.04
Return on assets (ROA)18.2%--2.6%▼ 20.9pp-23.9%below the sector's middle half▼ 21.3pp15.4%above the sector's middle half▲ 39.3pp4.5%within the sector's middle half▼ 10.9pp-16.6%below the sector's middle half▼ 21.1pp12.1%within the sector's middle half▲ 28.7pp2.3%within the sector's middle half▼ 9.8pp
Staff (FTE)2.51.6below the sector's middle half▼ 36.0%1below the sector's middle half▼ 37.5%1.3▲ 30.0%3▲ 131%2.8▼ 6.7%3within the sector's middle half▲ 7.1%
above
within
below
the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39,582
Fixed assets
€25,077 ▲ 6.0%
Current assets
€14,505 ▼ 9.5%
Equity and liabilities €39,582
Equity
€18,630 ▲ 5.1%
Debt
€20,952 ▼ 4.6%
Debt's share of the balance-sheet total falls from 55.3% to 52.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3,128▼
2024 · €6,391
Cash flow
€1,586▼
2024 · €5,239
Debt to equity
1.12▼
2024 · 1.24
ROE
4.8%▼
2024 · 27.0%
Interest coverage
4.77▼
2024 · 11.90
Debt ≤ 1 year
€20,952▼
2024 · €21,951
Income taxes
€890▲
2024 · €615
Staff costs
€51,777▲
2024 · €50,528
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,110 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €6,771 | €22,994 | €41,577 | €50,528 | €51,777 | ▲ 2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | €1,254 | €457 | €688 | ▲ 50.5% |
| Other operating charges640/8 | - | - | - | - | €7,657 | €1,909 | €1,150 | €723 | ▼ 37.1% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €2,882 | - | - |
| Gross operating margin9900 | €13,551 | €2,193 | €12,370 | €15,529 | €38,333 | €35,141 | €60,951 | €55,628 | ▼ 8.7% |
| Operating profit (loss)9901 | €13,551 | €2,193 | -€4,072 | €8,759 | €7,682 | -€9,598 | €5,934 | €2,440 | ▼ 58.9% |
| Financial income75/76B | - | - | - | €0 | €52 | €3 | €0 | €5 | ▲ 50,000% |
| Recurring financial income75 | €0 | €833 | €1 | €0 | €52 | €3 | €0 | €5 | ▲ 50,000% |
| Financial charges65/66B | - | - | - | €2,114 | €889 | €567 | €537 | €656 | ▲ 22.2% |
| Recurring financial charges65 | €844 | €4,033 | €2,801 | €2,114 | €889 | €567 | €537 | €656 | ▲ 22.2% |
| Profit (loss) for the period before taxes9903 | €12,707 | -€1,007 | -€6,871 | €6,645 | €6,845 | -€10,162 | €5,397 | €1,789 | ▼ 66.9% |
| Income taxes67/77 | €2,682 | €165 | €149 | €111 | €4,259 | €243 | €615 | €890 | ▲ 44.9% |
| Profit (loss) for the period9904 | €10,026 | -€1,172 | -€7,020 | €6,534 | €2,586 | -€10,405 | €4,782 | €898 | ▼ 81.2% |
| Profit (loss) for the period to be appropriated9905 | €10,026 | -€1,172 | -€7,020 | €6,534 | €2,586 | -€10,405 | €4,782 | €898 | ▼ 81.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €55,004 | €44,292 | €29,373 | €42,358 | €57,131 | €62,672 | €39,683 | €39,582 | ▼ 0.3% |
| Fixed assets21/28 | €17,391 | €19,914 | €21,118 | €22,360 | €22,360 | €49,761 | €23,648 | €25,077 | ▲ 6.0% |
| Tangible fixed assets22/27 | - | - | - | - | - | €27,400 | €1,288 | €2,716 | ▲ 111% |
| Furniture and vehicles24 | - | - | - | - | - | €26,905 | €985 | €2,606 | ▲ 165% |
| Leasing and similar rights25 | - | - | - | - | - | €495 | €303 | €110 | ▼ 63.6% |
| Financial fixed assets28 | €17,391 | €19,914 | €21,118 | €22,360 | €22,360 | €22,360 | €22,360 | €22,360 | = |
| Current assets29/58 | €37,613 | €24,379 | €8,254 | €19,998 | €34,771 | €12,911 | €16,035 | €14,505 | ▼ 9.5% |
| Amounts receivable within one year40/41 | €5,542 | €20,094 | €5,249 | €19,390 | €34,053 | €11,637 | €10,500 | €7,985 | ▼ 23.9% |
| Trade receivables40 | - | - | - | €6,918 | €32,202 | €5,822 | €6,412 | €7,095 | ▲ 10.7% |
| Other amounts receivable41 | - | - | - | €12,473 | €1,851 | €5,814 | €4,088 | €890 | ▼ 78.2% |
| Cash at bank and in hand54/58 | €20,009 | €4,285 | €2,360 | €607 | €718 | €1,275 | €5,535 | €6,254 | ▲ 13.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €266 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €55,004 | €44,292 | €29,373 | €42,358 | €57,131 | €62,672 | €39,683 | €39,582 | ▼ 0.3% |
| Equity10/15 | €22,426 | €21,254 | €14,234 | €20,768 | €23,354 | €12,949 | €17,731 | €18,630 | ▲ 5.1% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Contributions outside capital11 | - | - | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Share premium1100/10 | - | - | - | €12,400 | - | - | - | - | - |
| Other1109/19 | - | - | - | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €501 | €501 | €501 | €501 | €501 | €501 | €501 | €6,230 | ▲ 1,143% |
| Non-distributable reserves130/1 | - | - | - | €501 | €501 | €501 | €501 | €501 | = |
| Legal reserve130 | - | - | - | €501 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €501 | €501 | €501 | €501 | = |
| Distributable reserves133 | - | - | - | - | - | - | - | €5,729 | - |
| Profit (loss) carried forward14 | €9,524 | €8,352 | €1,333 | €7,867 | €10,453 | €48 | €4,830 | - | - |
| Amounts payable17/49 | €32,578 | €23,039 | €15,139 | €21,590 | €33,777 | €49,723 | €21,951 | €20,952 | ▼ 4.6% |
| Amounts payable within one year42/48 | €32,578 | €23,039 | €15,139 | €14,321 | €28,509 | €49,723 | €21,951 | €20,952 | ▼ 4.6% |
| Trade debts44 | €1,699 | €3,639 | €1,066 | €1,206 | €11,987 | €13,662 | €10,257 | €8,234 | ▼ 19.7% |
| Suppliers440/4 | - | - | - | €1,206 | €11,987 | €13,662 | €10,257 | €8,234 | ▼ 19.7% |
| Taxes, remuneration and social security45 | - | - | - | €9,789 | €9,439 | €7,630 | €3,815 | €7,787 | ▲ 104% |
| Taxes450/3 | - | - | - | €2,237 | €6,030 | €3,255 | €576 | €1,466 | ▲ 155% |
| Remuneration and social security454/9 | - | - | - | €7,551 | €3,408 | €4,375 | €3,239 | €6,321 | ▲ 95.1% |
| Other amounts payable47/48 | - | - | - | €3,326 | €7,083 | €28,431 | €7,879 | €4,931 | ▼ 37.4% |
| Accrued charges and deferred income492/3 | - | - | - | €7,269 | €5,268 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,026 | -€1,172 | -€7,020 | €6,534 | €2,586 | -€10,405 | €4,782 | €898 | ▼ 81.2% |
| + Depreciation and write-downs630 | - | - | - | - | - | €1,254 | €457 | €688 | ▲ 50.5% |
| Operating cash flow (approximation) | €10,026 | -€1,172 | -€7,020 | €6,534 | €2,586 | -€9,151 | €5,239 | €1,586 | ▼ 69.7% |
| Investment in fixed assets (approximation) | - | -€2,523 | -€1,205 | -€1,242 | €0 | -€28,654 | €25,656 | -€2,116 | - |
| Change in cash | - | -€15,724 | -€1,925 | -€1,753 | €111 | €557 | €4,261 | €719 | ▼ 83.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-08-2026 | 2026-00447910 |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00407579 |
| 31-12-2023 | micro format | 26-08-2024 | 2024-00372837 |
| 31-12-2022 | micro format | 24-08-2023 | 2023-00351146 |
| 31-12-2021 | abbreviated format | 19-05-2022 | 2022-20032283 |
| 31-12-2020 | abbreviated format | 21-09-2021 | 2021-68300574 |
| 31-12-2019 | abbreviated format | 07-08-2020 | 2020-41000460 |
| 31-12-2018 | abbreviated format | 23-07-2019 | 2019-36800541 |
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Of the 2,292 active companies whose main activity is retail sale of newspapers and periodicals (NACE 47621), figures are known for 1,237. 903 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.