PARTICIPACE
ActiveSummary
For PARTICIPACE, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €305,057 and a net result of €2,857. Equity is shrinking by ~5.2% per year across the filed fiscal years. The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability70▲+54
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
78.2%
Return on assets
0.7%
Age of the figures
33 mo
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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-08-2024, 31 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
not filed
2023
31 d late
2022
31 d late
2021
30 d early
2020
12 d late
2019
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average on the deadline day; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2,857
2022 · -€41,314
Working capital
-€20,677▲ 27.8%
2022 · -€28,624
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
Line20192020202120222023
Operating result-€17,443▲ 17.9%-€15,128▲ 13.3%-€18,103▼ 19.7%-€38,984▼ 115%€2,931
Net result-€17,290▲ 18.1%-€15,161▲ 12.3%-€20,248▼ 33.6%-€41,314▼ 104%€2,857
Equity€378,924▼ 4.4%€363,763▼ 4.0%€343,515▼ 5.6%€302,201▼ 12.0%€305,057▲ 0.9%
Total assets€411,103▼ 1.2%€401,065▼ 2.4%€449,420▲ 12.1%€402,148▼ 10.5%€390,172▼ 3.0%
Debt€32,179▲ 62.5%€37,302▲ 15.9%€105,905▲ 184%€99,948▼ 5.6%€85,115▼ 14.8%
Working capital€147,049▼ 3.9%€143,256▼ 2.6%-€20,376-€28,624▼ 40.5%-€20,677▲ 27.8%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €2,931 after a loss of €38,984 in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €390,172
Fixed assets
€374,287 ▼ 3.7%
Current assets
€15,885 ▲ 17.5%
Equity and liabilities €390,172
Equity
€305,057 ▲ 0.9%
Debt
€85,115 ▼ 14.8%
Debt's share of the balance-sheet total falls from 24.9% to 21.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17,275▲
2022 · €2,719
Cash flow
€17,201▲
2022 · €388
Current ratio
0.43▲
2022 · 0.32
Debt to equity
0.28▼
2022 · 0.33
ROE
0.9%▲
2022 · -13.7%
ROA
0.7%▲
2022 · -10.3%
Interest coverage
191.95▲
2022 · 1.17
Debt ≤ 1 year
€36,562▼
2022 · €42,141
Debt > 1 year
€48,553▼
2022 · €57,807
Income taxes
€7
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,368 | €11,368 | €19,527 | €41,702 | €14,345 | ▼ 65.6% |
| Other operating charges640/8 | - | - | €2,264 | €2,750 | €2,594 | ▼ 5.7% |
| Gross operating margin9900 | -€3,741 | -€1,693 | €3,688 | €5,469 | €19,870 | ▲ 263% |
| Operating profit (loss)9901 | -€17,443 | -€15,128 | -€18,103 | -€38,984 | €2,931 | ▲ 108% |
| Financial income75/76B | - | - | - | - | €23 | - |
| Recurring financial income75 | €151 | €0 | - | - | €23 | - |
| Financial charges65/66B | - | - | €2,145 | €2,331 | €90 | ▼ 96.1% |
| Recurring financial charges65 | €51 | €33 | €2,145 | €2,331 | €90 | ▼ 96.1% |
| Profit (loss) for the period before taxes9903 | -€17,343 | -€15,161 | -€20,248 | -€41,314 | €2,864 | ▲ 107% |
| Income taxes67/77 | -€53 | - | - | - | €7 | - |
| Profit (loss) for the period9904 | -€17,290 | -€15,161 | -€20,248 | -€41,314 | €2,857 | ▲ 107% |
| Profit (loss) for the period to be appropriated9905 | -€17,290 | -€15,161 | -€20,248 | -€41,314 | €2,857 | ▲ 107% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €411,103 | €401,065 | €449,420 | €402,148 | €390,172 | ▼ 3.0% |
| Fixed assets21/28 | €231,875 | €220,507 | €430,334 | €388,632 | €374,287 | ▼ 3.7% |
| Tangible fixed assets22/27 | €230,589 | €219,221 | €429,048 | €387,346 | €373,001 | ▼ 3.7% |
| Land and buildings22 | - | - | €429,048 | €387,346 | €373,001 | ▼ 3.7% |
| Financial fixed assets28 | €1,286 | €1,286 | €1,286 | €1,286 | €1,286 | = |
| Current assets29/58 | €179,228 | €180,558 | €19,086 | €13,516 | €15,885 | ▲ 17.5% |
| Amounts receivable within one year40/41 | €2,168 | €2,113 | €2,067 | €2,068 | €2,068 | = |
| Other amounts receivable41 | - | - | €2,067 | €2,068 | €2,068 | = |
| Cash at bank and in hand54/58 | €177,060 | €178,445 | €17,019 | €11,449 | €13,817 | ▲ 20.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €411,103 | €401,065 | €449,420 | €402,148 | €390,172 | ▼ 3.0% |
| Equity10/15 | €378,924 | €363,763 | €343,515 | €302,201 | €305,057 | ▲ 0.9% |
| Contributions10/11 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Capital10 | - | - | €125,000 | - | €125,000 | - |
| Issued capital100 | - | - | €125,000 | - | €125,000 | - |
| Reserves13 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Non-distributable reserves130/1 | - | - | €12,500 | €12,500 | €12,500 | = |
| Legal reserve130 | - | - | €12,500 | - | €12,500 | - |
| Other1319 | - | - | - | €12,500 | - | - |
| Profit (loss) carried forward14 | €241,424 | €226,263 | €206,015 | €164,701 | €167,557 | ▲ 1.7% |
| Amounts payable17/49 | €32,179 | €37,302 | €105,905 | €99,948 | €85,115 | ▼ 14.8% |
| Amounts payable after more than one year17 | - | - | €66,443 | €57,807 | €48,553 | ▼ 16.0% |
| Financial debts170/4 | - | - | €66,443 | €57,807 | €48,553 | ▼ 16.0% |
| Amounts payable within one year42/48 | €32,179 | €37,302 | €39,462 | €42,141 | €36,562 | ▼ 13.2% |
| Current portion of amounts payable after more than one year42 | - | - | €7,169 | €8,029 | €8,801 | ▲ 9.6% |
| Trade debts44 | €13,732 | €4,477 | €3,935 | €5,753 | €175 | ▼ 97.0% |
| Suppliers440/4 | - | - | €693 | €5,753 | €175 | ▼ 97.0% |
| Bills of exchange payable441 | - | - | €3,242 | - | - | - |
| Other amounts payable47/48 | - | - | €28,358 | €28,358 | €27,587 | ▼ 2.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,290 | -€15,161 | -€20,248 | -€41,314 | €2,857 | ▲ 107% |
| + Depreciation and write-downs630 | €11,368 | €11,368 | €19,527 | €41,702 | €14,345 | ▼ 65.6% |
| Operating cash flow (approximation) | -€5,922 | -€3,793 | -€721 | €388 | €17,201 | ▲ 4,336% |
| Investment in fixed assets (approximation) | - | €0 | -€229,354 | €0 | €0 | ▼ 100% |
| Change in cash | - | €1,385 | -€161,426 | -€5,570 | €2,369 | ▲ 143% |
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
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
31-12
Financial
Back to profitnet €2,857
Net result €2,857 after 5 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€41,314
Net result drops to -€41,314, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 12 days late
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 330 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
29-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Profondeville
Ground area
1,412 m²
Building footprint
102 m²
Volume, LiDAR
1,263 m³
Parcel 91113A0215/03F000, Wallonia · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91113A0215/03F000 | Wallonia | 1,412 m² | 1 · 102 m² | 16.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
-
0%
Holdings 1
- Sourceown accounts 202150%
According to the 2021 annual accounts of PARTICIPACE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPublic limited company
Founded25-05-2007
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0889658363
Also
9925:BE0889658363
Registered
07-05-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.