Equity
€5.1m ▲ 102%
Equity rose in 2024: merger with Immobilière de Braine.
PARTAM
Lifetime
19 annual accounts with figures on one time axis, 39 filings since 1986peak €275,596 (2015)
€33,626▼ 34.4%
lowest -€146,344 (2017)
-€8,967▼ €6,265
peak €5.1m (2024)
€5.1m▲ 102%
€1.9m▲ 320%
peak 1.5 FTE (2006)
1 FTEunchanged
Board4 names since 2021
-
Documentsfilings and deeds
27-08-202527 days late
2024financial year
Gross margin from €51,276 to €33,626Loss of €8,967Registered office moved from Lasne to Ixelles 30-123 directors appointed, 1 resignation 13-08Merger: PARTAM takes over IMMOBILIÈRE DE BRAINE 06-08Merger: PARTAM takes over IMMO S.C.C. 05-08
Key points
from the 2024 annual accountsLosses
-€11,669 in two years
The 2023 and 2024 financial years closed with a loss. 2024 was the heaviest.
Debts
€1.9m ▲ 320%
Debts rose by €1.5m in 2024.
Investments
€1.3m 14.0 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 71.2% higher than in 2023.
Filings
39 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Board
1 joined · 1 left
Board changed. Latest change 26-10-2026 · 1 in office.
Checked score
55
Fair
Financially stronger than 58% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: 0.1%▲ +0.1 percentage points vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.2 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.3 percentage points vs 07-2026
09-2026: 1.0%▲ +0.3 percentage points vs 08-2026
10-2026: 1.8%▲ +0.8 percentage points vs 09-2026highest value
11-2026: 1.8%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Figures for financial year 2024 (filed on 27-08-2025)
1 change of registered office in 24 months
Liquidity: current ratio 3.82, cash €183,292, halved
lowers risk
Founded in 1985
Calculation
The band follows from the bankruptcy probability. 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 68, micro). It does better than 76% of them on solvency, 44% on liquidity, 20% on profitability and 92% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as PARTAM has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PARTAM itself is higher: 1.8% within 12 months. It rests on far more data about PARTAM than the profile alone.
Test of the method
The method was tested on the 497,447 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 12,322 companies, not a prediction for PARTAM. 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.
Credit verdict
Credit of up to €270,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 3.82 (15.11 in 2023), above the usual 1.5. Short-term debt is 18.5% and cash 2.4% of total assets. 32.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Eight signals.
lowers riskraises riskneutral
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 €5.1m
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
27 days late
2023
112 days early
2022
54 days early
2021
57 days early
2020
26 days early
2019
15 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 40 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 2 notices about the company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
Recent changes
New director
BUISSERET Stéphane appointed, DELHOUGNE Anne-Marie resigned · General meeting of 06-10-2026 · Gazette deed
Address strikeout annulled
KBO administration
Address struck
KBO administration
Registered office moved from Lasne to Ixelles
New registered office: Avenue Klauwaerts 13M à 1050 Ixelles · Previous registered office: Chemin des Catamouriaux 89, 1380 Lasne · General meeting of 04-12-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PARTAM Ixelles | €7.5m | €33,626 | 67.3% | 1 |
| DNL IMMOBILIEN EN BELEGGINGSMAATSCHAPPIJ Bonheiden | €5.6m | €16,648 | 79.9% | 1 |
| BATI + Chaudfontaine | €3.8m | €32,148 | 52.5% | 1.6 |
| ROBA INVEST EN PARTNERS Zulte | €3.3m | €25,782 | 87.4% | 1.6 |
| LOUIS DE WAELE Watermael-Boitsfort | €16.8m | €18,861 | 45.8% | 1 |
| GECRIMO Moorslede | €12.7m | €49,470 | 7.5% | 0 |
| Larsan Ixelles | €6.4m | €115,364 | 36.8% | 0 |
These companies have the same main activity as PARTAM: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €3.3m and €17m, founded between 1983 and 2002.
Official details
Source: KBO- Status
- Active since 13-12-1985Normal situation
- Activity
- Real estate agency activitiesNACE 68310
- Joint committee
- 323Building management, estate agents and domestic staff · annual accounts 2023
- Establishment unit
- 2.029.760.1371050 Ixelles, since 13-08-1987
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2024
- ≈ €73,000estimated
- €7.5m▲ 129%
- Employeeson 31-12-2024
- 1=
- Filing
- Filed on 27-08-2025
Insights on PARTAM
PARTAM has existed since 1985. In 2014 the gross margin rose from €59,190 to €239,468.
Solvency fell in 2024 from 76.4% to 67.3% because of the loss.
In August 2024, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PARTAM
- What is the company number of PARTAM?
- The company number of PARTAM is 0428.262.720. The VAT number is the same number with BE in front: BE 0428.262.720.
- Where is PARTAM based?
- The registered office is at Klauwaartslaan 13M, 1050 Ixelles.Company details
- What does PARTAM do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of PARTAM?
- PARTAM is a public limited company (NV).
- When was PARTAM founded?
- PARTAM was founded on 13-12-1985.
- Is PARTAM still active?
- Yes, PARTAM is an active enterprise in the KBO register.
- How many employees does PARTAM have?
- PARTAM had an average of 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does PARTAM fall under?
- In its 2023 annual accounts, PARTAM states joint committee 323 (Building management, estate agents and domestic staff).
- What is the turnover of PARTAM?
- The turnover in financial year 2024 is ≈ €73,000. This figure is estimated from the gross margin of €33,626 and 32 comparable companies (NACE 683). It probably lies between €50,000 and €130,000.
- Is PARTAM profitable?
- In financial year 2024, PARTAM made a loss of €8,967.
- Where can I find the annual accounts of PARTAM?
- PARTAM filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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