Partner Alliance Solution
ActiveSummary
Partner Alliance Solution has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€203,615) and a net result of €7,702. Equity is shrinking by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 19374 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2022
Profitability73▲+73
Solvency0=
Growth46=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.43 against 0.12 in 2022; short-term debt: 198.3% and cash: 6.8% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
-98.5%
Return on assets
3.7%
Age of the figures
21 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 19374 sector peers (2024).
NBB · sector comparisonPosition among 19374 sector peers
Solvency
better than 5%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-01-2026, 183 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
183 d late
2022
22 d late
2021
68 d late
2020
91 d late
2019
87 d late
2018
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 67 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€13,560▼ 95.9%
2019 · €327,419
EBIT margin
-47.3%▲ 11.5pp
2019 · -58.8%
Net result
€7,702
2022 · -€28,407
Working capital
-€232,890▲ 3.4%
2022 · -€241,199
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222024
Turnover€327,419▲ 2,166%€13,560▼ 95.9%
Operating result-€192,434▼ 382%-€6,410▲ 96.7%€20,153-€27,973€7,827-
Net result-€192,904▼ 279%-€6,556within the sector's middle half▲ 96.6%€19,980within the sector's middle half-€28,407below the sector's middle half€7,702within the sector's middle half-
EBIT margin-58.8%▲ 217.3pp-47.3%▲ 11.5pp
Equity-€194,595▼ 11,403%-€201,151below the sector's middle half▼ 3.4%-€181,171below the sector's middle half▲ 9.9%-€209,578below the sector's middle half▼ 15.7%-€203,615below the sector's middle half-
Total assets€104,520▼ 70.8%€20,663below the sector's middle half▼ 80.2%€45,211below the sector's middle half▲ 119%€66,198below the sector's middle half▲ 46.4%€206,755within the sector's middle half-
Debt€299,115▼ 16.9%€221,814▼ 25.8%€226,381▲ 2.1%€275,776▲ 21.8%€410,370-
Working capital-€194,595▼ 3,418%-€205,140below the sector's middle half▼ 5.4%-€207,959below the sector's middle half▼ 1.4%-€241,199below the sector's middle half▼ 16.0%-€232,890below the sector's middle half-
Solvency-186.2%▼ 185.7pp-973.5%below the sector's middle half▼ 787.3pp-400.7%below the sector's middle half▲ 572.8pp-316.6%below the sector's middle half▲ 84.1pp-98.5%below the sector's middle half-
Current ratio0.35▼ 0.640.08below the sector's middle half▼ 0.270.08below the sector's middle half▲ 0.010.12below the sector's middle half▲ 0.040.43within the sector's middle half-
Return on assets (ROA)-184.6%▼ 170.4pp-31.7%below the sector's middle half▲ 152.8pp44.2%above the sector's middle half▲ 75.9pp-42.9%below the sector's middle half▼ 87.1pp3.7%within the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €7,827 in 2024, compared with -€27,973 in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €206,755
Fixed assets
€29,646 ▼ 7.8%
Current assets
€177,109 ▲ 420%
Key figures and ratios
EBITDA
€13,851▲
2022 · -€24,495
Cash flow
€13,725▲
2022 · -€24,929
Debt to equity
-2.02▼
2022 · -1.32
Interest coverage
110.29▲
2022 · -56.46
Debt ≤ 1 year
€409,999▲
2022 · €275,240
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,379 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
2.4%
went bankrupt
3.2%
stopped otherwise
94%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,379 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €327,419 | €13,560 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,839 | €244 | €870 | €3,478 | €6,024 | - |
| Other operating charges640/8 | - | - | €244 | €39,608 | €584 | - |
| Non-recurring operating charges66A | - | - | €203 | €62 | - | - |
| Gross operating margin9900 | -€188,595 | -€1,599 | €21,470 | €15,174 | €14,435 | - |
| Operating profit (loss)9901 | -€192,434 | -€6,410 | €20,153 | -€27,973 | €7,827 | - |
| Financial charges65/66B | - | - | €40 | €434 | €126 | - |
| Recurring financial charges65 | €183 | €0 | €40 | €434 | €126 | - |
| Profit (loss) for the period before taxes9903 | -€192,904 | -€6,410 | €20,113 | -€28,407 | €7,702 | - |
| Income taxes67/77 | - | €145 | €133 | - | - | - |
| Profit (loss) for the period9904 | -€192,904 | -€6,556 | €19,980 | -€28,407 | €7,702 | - |
| Profit (loss) for the period to be appropriated9905 | -€192,904 | -€6,556 | €19,980 | -€28,407 | €7,702 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €104,520 | €20,663 | €45,211 | €66,198 | €206,755 | - |
| Fixed assets21/28 | - | €3,990 | €26,788 | €32,157 | €29,646 | - |
| Tangible fixed assets22/27 | - | €3,990 | €26,788 | €32,157 | €29,646 | - |
| Land and buildings22 | - | - | €2,404 | €2,126 | €4,999 | - |
| Furniture and vehicles24 | - | - | €1,017 | €4,823 | €5,021 | - |
| Other tangible fixed assets26 | - | - | €23,367 | €25,209 | €19,626 | - |
| Current assets29/58 | €104,520 | €16,673 | €18,422 | €34,041 | €177,109 | - |
| Amounts receivable within one year40/41 | €9,439 | €3,873 | €16,062 | €30,758 | €162,681 | - |
| Trade receivables40 | - | - | €4,661 | €19,457 | €16,286 | - |
| Other amounts receivable41 | - | - | €11,401 | €11,301 | €146,395 | - |
| Cash at bank and in hand54/58 | €93,741 | €11,284 | €1,113 | €2,887 | €14,032 | - |
| Deferred charges and accrued income490/1 | - | - | €1,247 | €396 | €396 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €104,520 | €20,663 | €45,211 | €66,198 | €206,755 | - |
| Equity10/15 | -€194,595 | -€201,151 | -€181,171 | -€209,578 | -€203,615 | - |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | - |
| Capital10 | - | - | €20,000 | €20,000 | - | - |
| Issued capital100 | - | - | €20,000 | €20,000 | - | - |
| Profit (loss) carried forward14 | -€214,595 | -€221,151 | -€201,171 | -€229,578 | -€223,615 | - |
| Amounts payable17/49 | €299,115 | €221,814 | €226,381 | €275,776 | €410,370 | - |
| Amounts payable within one year42/48 | €299,115 | €221,814 | €226,381 | €275,240 | €409,999 | - |
| Trade debts44 | €80,913 | €306 | €463 | €205 | €360 | - |
| Suppliers440/4 | - | - | €463 | €205 | €360 | - |
| Taxes, remuneration and social security45 | - | - | €463 | €3,197 | €1,758 | - |
| Taxes450/3 | - | - | €463 | €3,197 | €1,758 | - |
| Other amounts payable47/48 | - | - | €225,455 | €271,838 | €407,881 | - |
| Accrued charges and deferred income492/3 | - | - | - | €536 | €371 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€192,904 | -€6,556 | €19,980 | -€28,407 | €7,702 | - |
| + Depreciation and write-downs630 | €3,839 | €244 | €870 | €3,478 | €6,024 | - |
| Operating cash flow (approximation) | -€189,065 | -€6,311 | €20,850 | -€24,929 | €13,725 | - |
| Investment in fixed assets (approximation) | - | - | -€23,669 | -€8,847 | - | - |
| Change in cash | - | -€82,457 | -€10,170 | €1,774 | - | - |
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
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 183 days late
2024
31-12
Financial
Back to profitnet €7,702
Net result €7,702 after one loss-making year.
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
07-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 68 days late
2021
31-12
Financial
Back to profitnet €19,980
Net result €19,980 after 3 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 91 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-12
Financial
Weakest financial yearnet -€192,904
Net result drops to -€192,904, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 23 days late
2015
02-07
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 3 acts read
About the unread acts
We know of 3 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
3 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, Sambreville · 1 establishment unit since 2009
Ground area
1,543 m²
Building footprint
110 m²
Parcel 92129E0415/00B000, Wallonia. Linked by address, not a title deed.
1 establishment unit
PARTNER ALLIANCE SOLUTION
since 20092.179.874.763
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92129E0415/00B000 | Wallonia | 1,543 m² | 1 · 110 m² | - |
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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,762 companies in sector 68321 we hold annual accounts for 1,394. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-06-2009
Fiscal year end31-12
Abbreviation FR
P.A.S.
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
68110Buying and selling of own real estate
68204Real estate activities
70200Business and other management consultancy
85593Socio-cultural adult education
Contact
E-mail
gritaccio@gmail.com
Phone
0032475470478
E-invoicing
Reachable via Peppol
Peppol ID
0208:0815859278
Registered
26-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.