PARTHEAS
ActiveSummary
PARTHEAS has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €149k and a net result of €8k. Equity is growing by ~48.6% per year across the filed fiscal years. Its solvency ranks better than 25% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-2
Solvency52▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.47 against 0.4 in 2024; short-term debt: 55.9% of total assets), and 73.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
92 d late
2023
62 d early
2022
55 d early
2021
47 d early
2020
54 d early
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€149k▲ 6.0%
2024 · €141k
2019: €-52klowest value
2021: €-51k
2022: €20k▲ +139% vs 2021
2023: €125k▲ +522% vs 2022
2024: €141k▲ +12.8% vs 2023
2025: €149k▲ +6.0% vs 2024highest value
2019 → 2025
Total assets
€562k▲ 19.4%
2024 · €471k
2019: €178klowest value
2021: €191k
2022: €269k▲ +41.1% vs 2021
2023: €403k▲ +49.7% vs 2022
2024: €471k▲ +17.0% vs 2023
2025: €562k▲ +19.4% vs 2024highest value
2019 → 2025
Net result
€8k▼ 47.5%
2024 · €16k
2019: €-43klowest value
2021: €-16k
2022: €71k▲ +540% vs 2021
2023: €105k▲ +46.8% vs 2022highest value
2024: €16k▼ -84.7% vs 2023
2025: €8k▼ -47.5% vs 2024
2019 → 2025
Working capital
€-167k▲ 10.5%
2024 · €-187k
2019: €-148khighest value
2021: €-199klowest value
2022: €-173k▲ +13.3% vs 2021
2023: €-157k▲ +8.9% vs 2022
2024: €-187k▼ -18.9% vs 2023
2025: €-167k▲ +10.5% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-51k-€20k€125k▲ 522%€141k▲ 12.8%€149k▲ 6.0%
2021: €-51klowest in 5 years
2022: €20k▲ +139% vs 2021
2023: €125k▲ +522% vs 2022
2024: €141k▲ +12.8% vs 2023
2025: €149k▲ +6.0% vs 2024highest in 5 years
Operating result€-11k-€82k€112k▲ 35.7%€28k▼ 74.6%€21k▼ 27.3%
2021: €-11klowest in 5 years
2022: €82k▲ +852% vs 2021
2023: €112k▲ +35.7% vs 2022highest in 5 years
2024: €28k▼ -74.6% vs 2023
2025: €21k▼ -27.3% vs 2024
Net result€-16k-€71k€105k▲ 46.8%€16k▼ 84.7%€8k▼ 47.5%
2021: €-16klowest in 5 years
2022: €71k▲ +540% vs 2021
2023: €105k▲ +46.8% vs 2022highest in 5 years
2024: €16k▼ -84.7% vs 2023
2025: €8k▼ -47.5% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €562k
Fixed assets
€415k ▲ 19.2%
Current assets
€147k ▲ 19.8%
Equity and liabilities €562k
Equity
€149k ▲ 6.0%
Debt
€413k ▲ 25.1%
Debt's share of the balance-sheet total rises from 70.1% to 73.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€99k▲
2024 · €93k
Cash flow
€87k▲
2024 · €80k
Current ratio
0.47▲
2024 · 0.40
Debt to equity
2.77▲
2024 · 2.35
ROE
5.6%▼
2024 · 11.4%
ROA
1.5%▼
2024 · 3.4%
Interest coverage
6.74▼
2024 · 8.17
Debt ≤ 1 year
€314k▲
2024 · €310k
Debt > 1 year
€99k▲
2024 · €20k
Income taxes
€192▼
2024 · €1k
Staff costs
€41k▼
2024 · €47k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€471k€562k▲
Fixed assets21/28€348k€415k▲
Intangible fixed assets21€331k€403k▲
Tangible fixed assets22/27€14k€9k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€11k€6k▼
Financial fixed assets28€4k€4k=
Current assets29/58€123k€147k▲
Amounts receivable within one year40/41€121k€145k▲
Trade receivables40€119k€145k▲
Other amounts receivable41€2k€10▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€471k€562k▲
Equity10/15€141k€149k▲
Contributions10/11€160k€160k=
Outside capital11€160k€160k=
Other1109/19€160k€160k=
Reserves13€800€1k▲
Non-distributable reserves130/1€800€1k▲
Reserves not available under the articles1311€800€1k▲
Profit (loss) carried forward14€-20k€-12k▲
Amounts payable17/49€330k€413k▲
Amounts payable after more than one year17€20k€99k▲
Financial debts170/4€20k€99k▲
Amounts payable within one year42/48€310k€314k▲
Current portion of amounts payable after more than one year42€10k-
Financial debts43€10k€22k▲
Credit institutions430/8€10k€22k▲
Trade debts44€101k€66k▼
Suppliers440/4€101k€66k▼
Taxes, remuneration and social security45€6k€31k▲
Taxes450/3€1k€19k▲
Remuneration and social security454/9€5k€13k▲
Other amounts payable47/48€183k€195k▲
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€107k-
Remuneration, social security and pensions62€47k€41k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€78k▲
Other operating charges640/8€828€294▼
Gross operating margin9900€141k€140k▼
Operating profit (loss)9901€28k€21k▼
Financial income75/76B€128€3k▲
Recurring financial income75€128€3k▲
Financial charges65/66B€11k€15k▲
Recurring financial charges65€11k€15k▲
Profit (loss) for the period before taxes9903€17k€9k▼
Income taxes67/77€1k€192▼
Profit (loss) for the period9904€16k€8k▼
Profit (loss) for the period to be appropriated9905€16k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€-12k▲
Profit (loss) brought forward from the previous period14P€-35k€-20k▲
Transfer to equity691/2€800€399▼
To the legal reserve6920€800€399▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €107k | - | - |
| Remuneration, social security and pensions62 | - | €84k | €51k | €47k | €41k | ▼ 14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €24k | €38k | €64k | €78k | ▲ 22.2% |
| Other operating charges640/8 | - | €539 | €940 | €828 | €294 | ▼ 64.5% |
| Gross operating margin9900 | €50k | €190k | €201k | €141k | €140k | ▼ 0.7% |
| Operating profit (loss)9901 | €-11k | €82k | €112k | €28k | €21k | ▼ 27.3% |
| Financial income75/76B | - | €214 | €0 | €128 | €3k | ▲ 1,983% |
| Recurring financial income75 | €3k | €214 | €0 | €128 | €3k | ▲ 1,983% |
| Financial charges65/66B | - | €11k | €7k | €11k | €15k | ▲ 29.7% |
| Recurring financial charges65 | €8k | €11k | €7k | €11k | €15k | ▲ 29.7% |
| Profit (loss) for the period before taxes9903 | €-16k | €71k | €105k | €17k | €9k | ▼ 49.9% |
| Income taxes67/77 | - | - | €161 | €1k | €192 | ▼ 83.3% |
| Profit (loss) for the period9904 | €-16k | €71k | €105k | €16k | €8k | ▼ 47.5% |
| Profit (loss) for the period to be appropriated9905 | €-16k | €71k | €105k | €16k | €8k | ▼ 47.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €191k | €269k | €403k | €471k | €562k | ▲ 19.4% |
| Fixed assets21/28 | €156k | €193k | €282k | €348k | €415k | ▲ 19.2% |
| Intangible fixed assets21 | €150k | €188k | €263k | €331k | €403k | ▲ 21.7% |
| Tangible fixed assets22/27 | €2k | €992 | €15k | €14k | €9k | ▼ 35.5% |
| Plant, machinery and equipment23 | - | €649 | €215 | €3k | €2k | ▼ 19.6% |
| Furniture and vehicles24 | - | €343 | €15k | €11k | €6k | ▼ 40.0% |
| Financial fixed assets28 | €4k | €4k | €4k | €4k | €4k | = |
| Current assets29/58 | €35k | €76k | €120k | €123k | €147k | ▲ 19.8% |
| Stocks and contracts in progress3 | €21k | €0 | - | - | - | - |
| Contracts in progress37 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €13k | €36k | €111k | €121k | €145k | ▲ 19.5% |
| Trade receivables40 | - | €36k | €111k | €119k | €145k | ▲ 21.7% |
| Other amounts receivable41 | - | - | - | €2k | €10 | ▼ 99.5% |
| Cash at bank and in hand54/58 | €369 | €40k | €9k | - | - | - |
| Deferred charges and accrued income490/1 | - | €514 | €840 | €1k | €2k | ▲ 45.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €191k | €269k | €403k | €471k | €562k | ▲ 19.4% |
| Equity10/15 | €-51k | €20k | €125k | €141k | €149k | ▲ 6.0% |
| Contributions10/11 | - | €160k | €160k | €160k | €160k | = |
| Outside capital11 | - | - | - | €160k | €160k | = |
| Other1109/19 | - | - | - | €160k | €160k | = |
| Reserves13 | - | - | - | €800 | €1k | ▲ 49.9% |
| Non-distributable reserves130/1 | - | - | - | €800 | €1k | ▲ 49.9% |
| Reserves not available under the articles1311 | - | - | - | €800 | €1k | ▲ 49.9% |
| Profit (loss) carried forward14 | €-211k | €-140k | €-35k | €-20k | €-12k | ▲ 39.9% |
| Amounts payable17/49 | €242k | €249k | €278k | €330k | €413k | ▲ 25.1% |
| Amounts payable after more than one year17 | - | - | - | €20k | €99k | ▲ 382% |
| Financial debts170/4 | - | - | - | €20k | €99k | ▲ 382% |
| Amounts payable within one year42/48 | €234k | €249k | €278k | €310k | €314k | ▲ 1.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10k | - | - |
| Financial debts43 | - | - | - | €10k | €22k | ▲ 123% |
| Credit institutions430/8 | - | - | - | €10k | €22k | ▲ 123% |
| Trade debts44 | €17k | €14k | €42k | €101k | €66k | ▼ 34.9% |
| Suppliers440/4 | - | €14k | €42k | €101k | €66k | ▼ 34.9% |
| Taxes, remuneration and social security45 | - | €38k | €27k | €6k | €31k | ▲ 443% |
| Taxes450/3 | - | €33k | €19k | €1k | €19k | ▲ 1,511% |
| Remuneration and social security454/9 | - | €5k | €7k | €5k | €13k | ▲ 178% |
| Other amounts payable47/48 | - | €196k | €209k | €183k | €195k | ▲ 6.7% |
| Accrued charges and deferred income492/3 | - | €348 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-16k | €71k | €105k | €16k | €8k | ▼ 47.5% |
| + Depreciation and write-downs630 | €17k | €24k | €38k | €64k | €78k | ▲ 22.2% |
| Operating cash flow (approximation) | €684 | €95k | €143k | €80k | €87k | ▲ 8.3% |
| Investment in fixed assets (approximation) | - | €-61k | €-127k | €-130k | €-145k | ▼ 11.5% |
| Change in cash | - | €39k | €-31k | - | - | - |
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
24-03
State Gazette act
Permanent representative: Iris CarsauRegistered-office move · Power of attorney4 facts ▸
State Gazette act
Permanent representative: Iris Carsau
Registered-office move · Power of attorney4 facts ▸
- Board meeting, 31/12/2025
- Registered-office move, Burchtstraat 10, 9300 Aalst
- Power of attorney, ACERTA Ondernemingsloket VZW
- Permanent representative, Iris Carsau
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Highest result since 2019net €105k ▲46.8%
Operating result €112k, net result €105k, both a record.
31-03
Financial
Equity above €100kEq €125k ▲522%
2 profitable years in a row build equity to €125k.
2022
06-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Back to profitnet €71k
Net result €71k after 2 loss-making years.
2021
14-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
03-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
15-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 15 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2012
Ground area
4.7 ha
Building footprint
3.7 ha
Volume, LiDAR
554,962 m³
2 parcels, Flanders · tallest building 64.1 m, ±4 floors. Linked by address, not a title deed.
20
companies at this address
See who is registered here
1 establishment unit
Partheas
since 20122.290.387.259
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002A1346/00Y000 | Flanders | 4.7 ha | 1 · 3.7 ha | 64.1 m · 4 fl. |
| 41002A1052/00E000 | Flanders | 71 m² | 1 · 71 m² | 9.2 m · 3 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 293 EUR awarded · 293 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 293 EUR | 293 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,840 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
Founded02-07-2012
Fiscal year end31-03
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
73110Advertising agencies
Contact
Scores and ratios are computed by Checked and are not a credit decision.