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 12,713 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
- Staff
- 3 FTE
- Equity
- €18,630
- Profit
- €898
Why 81raises riskSize: total assets €39,582Sector: Retail trade (NACE 47)lowers riskLiquidity: current ratio 0.69, cash €6,254Equity €18,630 (47.1% of total assets)Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 62% on solvency, 41% on liquidity, 43% on profitability and 52% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 13 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · micro…
- Back to profitnet €4,782
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.
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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
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).
| 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 | ▲ 501× |
| Recurring financial income75 | €0 | €833 | €1 | €0 | €52 | €3 | €0 | €5 | ▲ 501× |
| 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 | ▲ 12× |
| 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 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ZINATI Nazanin |
|
Owners and capital
Capital and shareholders
- 09-02-2024 Capital stated in the deed · 186 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
09-02
Gazette deed
Resignation: ZINATI Nazanin (manager)Appointment: ZINATI Nazanin (director) · Legal-form conversion · Capital conversion13 facts ▸
- General meeting, 09-01-2024
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, EUR, “van rechtswege en zonder vervulling van enige formaliteit” (deed in Dutch)
- Director resignation, ZINATI Nazanin (manager (not named in the articles))
- Director appointment, ZINATI Nazanin (director (not named in the articles))
- Director discharge, ZINATI Nazanin
- Purpose change
- Amendment of the articles
- Capital
- Power of attorney, Saskia Prodan
- Registered office clause, “1930 Zaventem,Da Vincilaan 1, Zevende besluit” (deed in Dutch)
- Power of attorney, Fiscal clear
- +1 further fact in this act
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23094D0111/00M002 | Flanders | 8,965 m² | 1 · 1,730 m² | 45.7 m · 14 |
| 24062H0036/08P000 | Flanders | 2,781 m² | 1 · 270 m² | 21.1 m · 5 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De verkoop van boeken,dagbladen,tijdschriften en kantoorbenodigdheden; De kleinhandel in tabaksproducten; Loterijen en kansspelen; De…” (deed in Dutch)
20 activities (deed in Dutch)
- De verkoop van boeken,dagbladen,tijdschriften en kantoorbenodigdheden
- De kleinhandel in tabaksproducten
- Loterijen en kansspelen
- De detailhandel in niet-gespecialiseerde winkels,waarbij voedings- en genotmiddelen met inbegrip van toiletartikelen en parfumerie overheersen
- De detailhandel in dranken in gespecialiseerde winkels,algemeen assortiment
- De klein- en groothandel in bereide gerechten,snacks,dranken,versnaperingen,kortom in alle voedingswaren zonder uitzondering
- De aan- en verkoop van bloemen en planten en siervoorwerpen
- Distributie en aflevering van poststukken
- Het bezorgen van expresvrachten enzovoort
- Personenvervoer te land binnen steden of voorsteden met alle mogelijke vervoermiddelen
- De aan- en verkoop van voertuigen,vervoermiddelen en wisselstukken voor deze; de afbraak,recuperatie en recyclage van deze voertuigen en vervoermiddelen; het terug in staat stellen van deze: zowel het koetswerk,het mechanisch gedeelte als de ombouwwerken; de aan- en verkoop van oliën,brandstoffen,banden en alle andere toebehoren,de onderhoudswerken eraan en dit alles in de meest ruime zin
- Het uitbaten van een tankstation alsmede de detailhandel in alle mogelijke motorbrandstoffen; carwash en truck-cleaning
- Vervoer zowel te water,te land als in de lucht,per spoor of over de weg,van alle goederen zonder beperking; het laden en lossen van schepen en vrachtwagens.
- De stockage van goederen,behandeling van goederen zoals verpakking,groepage,herverdeling,distributie,messagerie,containerverhandeling,transport van goederen en verwerking van producten;
- De verhuring van transportmiddelen,de verhuring van gronden en gebouwen voor stockage en andere doeleinden; overslagbedrijf; in- en uitklaringsbureau,stouwersbedrijf,scheepsagentuur.
- De exploitatie van restaurant,cafetaria,bar,snackbar,brasserie en dit in de ruimste zin van het woord,in het kort horeca activiteiten
- De aanneming van alle cateringprojecten,feesten (traiteur-opdrachten),inrichting van banketten restaurantuitbatingen
- De ontwikkeling en uitbating van webshops en digitale verkooppunten met betrekking tot alle waren,zonder enige uitzondering;
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend patrimonium,alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten rechtspersonen en ondernemingen.
- Het beheren van een onroerend patrimonium en het valoriseren van dit patrimonium door het stellen van alle bestuursdaden onder meer aankoop,verkoop,verhuren,in huur nemen,ruilen,oprichten,laten uitvoeren van bouwwerken,dit alles in de ruimste zin. Het patrimonium van de vennootschap beheren,in de ruimste zin van het woord,oordeelkundig uitbreiden,alle beschikbare middelen beleggen zowel in roerende als in onroerende goederen. Binnen dit kader kan men overgaan tot het aankopen,onderschrijven,beheren,verkopen,omruilen voor eigen rekening van aandelen,deelbewijzen en/of effecten,allerlei van vennootschappen en/of verenigingen eender welke,alsmede het aankopen,verkopen,opschikken,valoriseren,bouwen,huren,verhuren of leasen van onroerende goederen,als dan niet gemeubeld.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- PARSEH
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, overbrenging naar om het even welke plaats in het Nederlandse taalgebied of het tweetalige gebied Brussel-Hoofdstad door…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam met vermeldingen voorgeschreven door Wetboek van vennootschappen en verenigingen; inzage door…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Inbreng in geld met uitgifte nieuwe aandelen, 15” (deed in Dutch)