Financials
Financial year 2024
PARAGON TECHNOLOGIES EUROPE from Rijkevorsel, company number BE0536763257, closed financial year 2024 with a result of € 208,252 after tax. For that financial year PARAGON TECHNOLOGIES EUROPE recorded a gross margin of € 623,118 and equity of € 1.1 million. Compared with financial year 2023, the result moved from € 188,711 to € 208,252. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2025.
€ 1.1 million
▲ 23% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 208,252
▲ 10% vs 2023
Profit after tax over the fiscal year.
€ 597,085
▲ 49% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 1 million.
People and assets in 2024
4.7
▲ 0.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 264,433
▼ 10% vs 2023
€ 56,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 9,525
▼ 12% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 93,642
▼ 12% vs 2023
€ 13,290 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 93,935
▼ 6% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 17,781
▼ 25% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 353,238 | € 381,256 | € 588,936 | € 623,118 | ▲ 6% |
| Profit after taxes | € 130,196 | € 122,912 | € 188,711 | € 208,252 | ▲ 10% |
| Equity | € 579,721 | € 702,632 | € 891,343 | € 1,099,596 | ▲ 23% |
| Total debts | € 270,338 | € 222,874 | € 238,760 | € 205,358 | ▼ 14% |
| Cash | € 290,079 | € 297,474 | € 400,729 | € 597,085 | ▲ 49% |
| Retained profit | € 518,221 | € 641,132 | € 829,843 | € 1,038,096 | ▲ 25% |
| Bank debt | € 150,988 | € 119,721 | € 106,764 | € 93,642 | ▼ 12% |
| Balance sheet total | € 850,059 | € 925,506 | € 1,130,104 | € 1,304,954 | ▲ 15% |
| Employees (FTE) | 3.1 | 3.1 | 4.5 | 4.7 | ▲ 0.2 |
Key figures of PARAGON TECHNOLOGIES EUROPE, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to PARAGON TECHNOLOGIES EUROPE?
What happened at PARAGON TECHNOLOGIES EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- David Sacher stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 208,252 (▲ 10% vs 2023). filed late Source: NBB ↗
- Charles T. Jr Freeman stepped down as director. NBB
- David Sacher became a director. NBB
- Charles T. Jr Freeman became a director. NBB
- New establishment in Rijkevorsel. KBO
- Start of the company according to the CBE. KBO
In short
From € 130,196 profit in 2021 to € 208,252 profit in 2024.
Paid € 225,276 in corporate taxes since 2021.
Best year ever: 2024, with € 208,252 profit.
On average € 132,600 of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2024 annual accounts
Charles T. Jr Freeman
Director
since 2019 · until 2024
David Sacher
Director
since 2019 · until 2025
Establishments
Establishment units
Physical locations of this company
Merksplassesteenweg 97 unit 1
2310 Rijkevorsel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Mimecast
Hosting
TIGRON-AS, BE
DNS
GoDaddy DNS
Website info
Features
Security
Details
- Company number
- 0536.763.257
- VAT number
- BE 0536.763.257
- Registered office
- Merksplassesteenweg 97 unit 1, 2310 Rijkevorsel
- Names & denominations
- PARAGON TECHNOLOGIES EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 July 2013
- Peppol
- Active · Active since 17 Apr 2026
- Contact
- paragontech.be +32 3 3130263
- Activities · NACE
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