PARTNERDIS
ActiveSummary
PARTNERDIS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.2m and a net result of €270,569. Equity is growing by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 85% of 4235 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-8
Solvency98▲+2
Growth48▼-21
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250,000 at 30 days acceptable
Liquidity ample (current ratio 3.35 against 2.75 in 2024; short-term debt: 15.1% and cash: 23% of total assets), and 26.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
73.4%
Return on assets
6.2%
Age of the figures
18 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
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-11-2025, 27 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
27 d late
2024
28 d late
2023
8 d early
2022
30 d late
2021
19 d late
2020
3 d late
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€11.2m▼ 4.6%
2024 · €11.7m
EBIT margin
3.6%▼ 2.6pp
2024 · 6.2%
Net result
€270,569▼ 46.9%
2024 · €509,286
Working capital
€1.5m▲ 11.4%
2024 · €1.4m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20212022202320242025
Turnover€10.5m€10.4m▼ 1.5%€11.7m▲ 12.9%€11.2m▼ 4.6%
Operating result€639,448▲ 11.9%€623,068▼ 2.6%€546,754▼ 12.2%€724,256▲ 32.5%€399,512▼ 44.8%
Net result€440,979above the sector's middle half▲ 21.8%€436,559above the sector's middle half▼ 1.0%€372,442above the sector's middle half▼ 14.7%€509,286above the sector's middle half▲ 36.7%€270,569above the sector's middle half▼ 46.9%
EBIT margin5.9%5.3%▼ 0.6pp6.2%▲ 0.9pp3.6%▼ 2.6pp
Equity€1.6mabove the sector's middle half▲ 37.4%€2.1mabove the sector's middle half▲ 27.0%€2.4mabove the sector's middle half▲ 18.1%€2.9mabove the sector's middle half▲ 21.0%€3.2mabove the sector's middle half▲ 9.2%
Total assets€3.5mabove the sector's middle half▼ 0.3%€3.9mabove the sector's middle half▲ 9.1%€3.8mabove the sector's middle half▼ 2.3%€4.2mabove the sector's middle half▲ 10.1%€4.4mabove the sector's middle half▲ 5.0%
Debt€1.9m▼ 19.0%€1.8m▼ 5.9%€1.4m▼ 25.4%€1.2m▼ 9.3%€1.2m▼ 5.0%
Working capital€423,703within the sector's middle half▲ 80.1%€727,501above the sector's middle half▲ 71.7%€1.1mabove the sector's middle half▲ 55.3%€1.4mabove the sector's middle half▲ 23.0%€1.5mabove the sector's middle half▲ 11.4%
Solvency45.7%within the sector's middle half▲ 12.5pp53.2%within the sector's middle half▲ 7.5pp64.2%above the sector's middle half▲ 11.1pp70.6%above the sector's middle half▲ 6.3pp73.4%above the sector's middle half▲ 2.8pp
Current ratio1.45within the sector's middle half▲ 0.251.71within the sector's middle half▲ 0.272.54above the sector's middle half▲ 0.832.75above the sector's middle half▲ 0.213.35above the sector's middle half▲ 0.60
Return on assets (ROA)12.4%above the sector's middle half▲ 2.3pp11.3%above the sector's middle half▼ 1.2pp9.9%above the sector's middle half▼ 1.4pp12.2%above the sector's middle half▲ 2.4pp6.2%within the sector's middle half▼ 6.0pp
Staff (FTE)28.8above the sector's middle half▲ 0.7%29.9above the sector's middle half▲ 3.8%31.1above the sector's middle half▲ 4.0%36.7above the sector's middle half▲ 18.0%34.9above the sector's middle half▼ 4.9%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 45% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.4m
Fixed assets
€2.2m ▲ 11.1%
Current assets
€2.2m ▲ 1.1%
Equity and liabilities €4.4m
Equity
€3.2m ▲ 9.2%
Debt
€1.2m ▼ 5.0%
Debt's share of the balance-sheet total falls from 29.4% to 26.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€729,625▼
2024 · €949,890
Cash flow
€600,683▼
2024 · €734,920
Quick ratio
2.63▲
2024 · 2.16
Debt to equity
0.36▼
2024 · 0.42
ROE
8.4%▼
2024 · 17.3%
Interest coverage
16.61▼
2024 · 18.54
Debt ≤ 1 year
€659,024▼
2024 · €793,721
Debt > 1 year
€495,824▲
2024 · €421,983
Income taxes
€97,754▼
2024 · €175,043
Staff costs
€1.5m▲
2024 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,810 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €10.7m | €10.5m | €11.9m | €11.4m | ▼ 4.4% |
| Turnover70 | - | €10.5m | €10.4m | €11.7m | €11.2m | ▼ 4.6% |
| Other operating income74 | - | €138,163 | €135,045 | €179,905 | €188,331 | ▲ 4.7% |
| Operating charges60/66A | - | €10.0m | €10.0m | €11.2m | €11.0m | ▼ 1.8% |
| Goods for resale, raw materials and consumables60 | - | €8.0m | €7.8m | €8.9m | €8.5m | ▼ 4.7% |
| Purchases600/8 | - | €8.0m | €7.8m | €9.0m | €8.5m | ▼ 5.2% |
| Change in stocks: decrease (increase)609 | - | -€54,044 | -€8,516 | -€45,639 | -€5,323 | ▲ 88.3% |
| Services and other goods61 | - | €520,955 | €594,543 | €566,854 | €612,452 | ▲ 8.0% |
| Remuneration, social security and pensions62 | - | €1.3m | €1.3m | €1.4m | €1.5m | ▲ 4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €253,929 | €219,191 | €220,714 | €225,634 | €330,114 | ▲ 46.3% |
| Other operating charges640/8 | - | €34,834 | €28,516 | €51,592 | €51,187 | ▼ 0.8% |
| Non-recurring operating charges66A | - | €2,134 | €1,875 | €625 | €4,102 | ▲ 556% |
| Gross operating margin9900 | €2.3m | - | - | - | - | - |
| Operating profit (loss)9901 | €639,448 | €623,068 | €546,754 | €724,256 | €399,512 | ▼ 44.8% |
| Financial income75/76B | - | €15,371 | €12,106 | €11,482 | €12,816 | ▲ 11.6% |
| Recurring financial income75 | €17,414 | €15,371 | €12,106 | €11,482 | €12,816 | ▲ 11.6% |
| Income from current assets751 | - | €12,578 | €9,971 | €9,404 | €11,186 | ▲ 18.9% |
| Other financial income752/9 | - | €2,793 | €2,135 | €2,078 | €1,630 | ▼ 21.6% |
| Financial charges65/66B | - | €60,617 | €55,002 | €51,409 | €44,004 | ▼ 14.4% |
| Recurring financial charges65 | €64,998 | €60,617 | €55,002 | €51,409 | €44,004 | ▼ 14.4% |
| Debt charges650 | - | €60,454 | €54,860 | €51,225 | €43,926 | ▼ 14.2% |
| Other financial charges652/9 | - | €163 | €142 | €184 | €78 | ▼ 57.6% |
| Profit (loss) for the period before taxes9903 | €591,864 | €577,822 | €503,858 | €684,329 | €368,324 | ▼ 46.2% |
| Income taxes67/77 | €150,885 | €141,263 | €131,416 | €175,043 | €97,754 | ▼ 44.2% |
| Taxes670/3 | - | €141,263 | €131,416 | €175,043 | €97,754 | ▼ 44.2% |
| Profit (loss) for the period9904 | €440,979 | €436,559 | €372,442 | €509,286 | €270,569 | ▼ 46.9% |
| Profit (loss) for the period to be appropriated9905 | €440,979 | €436,559 | €372,442 | €509,286 | €270,569 | ▼ 46.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.5m | €3.9m | €3.8m | €4.2m | €4.4m | ▲ 5.0% |
| Formation expenses20 | €989 | €742 | €494 | €31,321 | €0 | ▼ 100.0% |
| Fixed assets21/28 | €2.2m | €2.1m | €1.9m | €1.9m | €2.2m | ▲ 11.1% |
| Intangible fixed assets21 | €167,944 | €149,268 | €130,592 | €111,916 | €93,240 | ▼ 16.7% |
| Tangible fixed assets22/27 | €1.1m | €1.1m | €864,019 | €913,554 | €1.1m | ▲ 25.8% |
| Land and buildings22 | - | €227,357 | €214,652 | €417,859 | €839,766 | ▲ 101% |
| Plant, machinery and equipment23 | - | €620,134 | €473,128 | €340,021 | €178,777 | ▼ 47.4% |
| Furniture and vehicles24 | - | €205,030 | €176,239 | €155,674 | €130,651 | ▼ 16.1% |
| Financial fixed assets28 | €920,000 | €920,000 | €922,470 | €922,470 | €922,470 | = |
| Affiliated companies280/1 | - | €920,000 | €920,000 | €920,000 | €920,000 | = |
| Participating interests280 | - | €920,000 | €920,000 | €920,000 | €920,000 | = |
| Other financial fixed assets284/8 | - | - | €2,470 | €2,470 | €2,470 | = |
| Amounts receivable and cash guarantees285/8 | - | - | €2,470 | €2,470 | €2,470 | = |
| Current assets29/58 | €1.4m | €1.7m | €1.9m | €2.2m | €2.2m | ▲ 1.1% |
| Stocks and contracts in progress3 | €358,887 | €412,930 | €421,446 | €467,085 | €472,408 | ▲ 1.1% |
| Stocks30/36 | - | €412,930 | €421,446 | €467,085 | €472,408 | ▲ 1.1% |
| Goods purchased for resale34 | - | €412,930 | €421,446 | €467,085 | €472,408 | ▲ 1.1% |
| Amounts receivable within one year40/41 | €476,551 | €582,771 | €594,809 | €695,754 | €668,593 | ▼ 3.9% |
| Trade receivables40 | - | €67,773 | €80,344 | €188,322 | €78,949 | ▼ 58.1% |
| Other amounts receivable41 | - | €514,998 | €514,465 | €507,432 | €589,644 | ▲ 16.2% |
| Cash at bank and in hand54/58 | €448,767 | €677,635 | €838,140 | €977,584 | €1.0m | ▲ 3.1% |
| Deferred charges and accrued income490/1 | - | €71,817 | €8,236 | €43,573 | €59,381 | ▲ 36.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.5m | €3.9m | €3.8m | €4.2m | €4.4m | ▲ 5.0% |
| Equity10/15 | €1.6m | €2.1m | €2.4m | €2.9m | €3.2m | ▲ 9.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | - | - |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | - | - |
| Outside capital11 | - | - | - | - | €18,600 | - |
| Other1109/19 | - | - | - | - | €18,600 | - |
| Reserves13 | €1.6m | €2.0m | €2.4m | €2.9m | €3.2m | ▲ 9.3% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | - |
| Distributable reserves133 | - | €2.0m | €2.4m | €2.9m | €3.2m | ▲ 9.3% |
| Amounts payable17/49 | €1.9m | €1.8m | €1.4m | €1.2m | €1.2m | ▼ 5.0% |
| Amounts payable after more than one year17 | €974,788 | €793,879 | €609,639 | €421,983 | €495,824 | ▲ 17.5% |
| Financial debts170/4 | - | €793,879 | €609,639 | €421,983 | €495,824 | ▲ 17.5% |
| Subordinated loans170 | - | €793,879 | €609,639 | €421,983 | €495,824 | ▲ 17.5% |
| Amounts payable within one year42/48 | €950,273 | €1.0m | €732,469 | €793,721 | €659,024 | ▼ 17.0% |
| Current portion of amounts payable after more than one year42 | - | €180,909 | €184,240 | €187,656 | €221,159 | ▲ 17.9% |
| Trade debts44 | €443,187 | €592,226 | €344,394 | €481,879 | €354,464 | ▼ 26.4% |
| Suppliers440/4 | - | €592,226 | €344,394 | €481,879 | €354,464 | ▼ 26.4% |
| Taxes, remuneration and social security45 | - | €148,440 | €155,758 | €124,109 | €83,292 | ▼ 32.9% |
| Taxes450/3 | - | €13,349 | €63,373 | €34,465 | - | - |
| Remuneration and social security454/9 | - | €135,091 | €92,385 | €89,644 | €83,292 | ▼ 7.1% |
| Other amounts payable47/48 | - | €96,077 | €48,077 | €77 | €109 | ▲ 40.9% |
| Accrued charges and deferred income492/3 | - | €58 | €9,561 | €9,730 | €9,628 | ▼ 1.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €440,979 | €436,559 | €372,442 | €509,286 | €270,569 | ▼ 46.9% |
| + Depreciation and write-downs630 | €253,929 | €219,191 | €220,714 | €225,634 | €330,114 | ▲ 46.3% |
| Operating cash flow (approximation) | €694,908 | €655,750 | €593,156 | €734,920 | €600,683 | ▼ 18.3% |
| Investment in fixed assets (approximation) | - | -€171,322 | -€16,006 | -€256,493 | -€547,077 | ▼ 113% |
| Change in cash | - | €228,868 | €160,505 | €139,444 | €29,998 | ▼ 78.5% |
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
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
31-03
Financial
Weakest financial yearnet €270,569 ▼46.9%
Net result drops to €270,569, the lowest in the series.
2024
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
31-03
Financial
Highest result since 2019net €509,286 ▲36.7%
Operating result €724,256, net result €509,286, both a record.
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
31-03
Financial
Equity above €2mEq €2.1m ▲27%
4 profitable years in a row build equity to €2.1m.
2021
19-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 3 days late
31-03
Financial
Equity above €1mEq €1.2m ▲44.4%
2 profitable years in a row build equity to €1.2m.
2019
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 26 days late
2018
21-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 21 days late
2017
27-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2016
21-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
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, Liège · 1 establishment unit since 2015
Ground area
6,281 m²
Building footprint
1,641 m²
Volume, LiDAR
8,103 m³
Parcel 62302C0515/00V000, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
SPAR
since 20152.240.914.190
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62302C0515/00V000 | Wallonia | 6,281 m² | 1 · 1,641 m² | 7.2 m · 2 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 holdingOwners 0
The accounts to 31-03-2025 list no shareholders, and no other source names one.
Holdings 1
-
92%
According to the annual accounts to 31-03-2025 of PARTNERDIS 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLiège2.240.914.190
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,853. 1,083 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
Founded09-03-2015
Fiscal year end31-03
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0600807706
Also
9925:BE0600807706
Registered
18-08-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.