Summary
PRAAD is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €38,091 and a net result of €19,491. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 5593 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 5593 sector peers (2025).
NBB · sector comparisonPosition among 5593 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
1 d early
2024
7 d early
2023
20 d early
2022
6 d early
2021
13 d early
2020
3 d early
2019
on the day
← 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 7 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 24 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€38,091▼ 52.4%
2024 · €80,041
Net result
€19,491▼ 51.6%
2024 · €40,253
Total assets
€876,762▲ 2.9%
2024 · €852,133
Solvency
4.3%▼ 5.0pp
2024 · 9.4%
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€57,530▲ 3.6%€451,740▲ 685%€59,041▼ 86.9%€71,667▲ 21.4%€45,789▼ 36.1%
Net result€40,953within the sector's middle half▲ 15.1%€325,184above the sector's middle half▲ 694%€28,937within the sector's middle half▼ 91.1%€40,253within the sector's middle half▲ 39.1%€19,491within the sector's middle half▼ 51.6%
Equity€105,667below the sector's middle half▲ 63.3%€10,851below the sector's middle half▼ 89.7%€39,788below the sector's middle half▲ 267%€80,041below the sector's middle half▲ 101%€38,091below the sector's middle half▼ 52.4%
Total assets€1.0mwithin the sector's middle half▼ 1.3%€919,595within the sector's middle half▼ 10.9%€869,796within the sector's middle half▼ 5.4%€852,133within the sector's middle half▼ 2.0%€876,762within the sector's middle half▲ 2.9%
Debt€926,436▼ 5.6%€908,744▼ 1.9%€830,008▼ 8.7%€772,092▼ 7.0%€838,671▲ 8.6%
Working capital€114,246within the sector's middle half▲ 34.6%€7,535within the sector's middle half▼ 93.4%€69,675within the sector's middle half▲ 825%€126,351within the sector's middle half▲ 81.3%€83,973within the sector's middle half▼ 33.5%
Solvency10.2%below the sector's middle half▲ 4.1pp1.2%below the sector's middle half▼ 9.1pp4.6%below the sector's middle half▲ 3.4pp9.4%below the sector's middle half▲ 4.8pp4.3%below the sector's middle half▼ 5.0pp
Current ratio2.62within the sector's middle half▲ 0.501.08within the sector's middle half▼ 1.552.06within the sector's middle half▲ 0.983.22above the sector's middle half▲ 1.161.62within the sector's middle half▼ 1.60
Return on assets (ROA)4.0%within the sector's middle half▲ 0.6pp35.4%above the sector's middle half▲ 31.4pp3.3%within the sector's middle half▼ 32.0pp4.7%within the sector's middle half▲ 1.4pp2.2%within the sector's middle half▼ 2.5pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
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 falls in 2025; 2025 is 36% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €876,762
Fixed assets
€657,401 ▼ 1.7%
Current assets
€219,361 ▲ 19.7%
Equity and liabilities €876,762
Equity
€38,091 ▼ 52.4%
Debt
€838,671 ▲ 8.6%
Debt's share of the balance-sheet total rises from 90.6% to 95.7%. Equity is lower and debt is higher.
Key figures and ratios
ROE
51.2%▲
2024 · 50.3%
Debt ≤ 1 year
€135,389▲
2024 · €56,918
Debt > 1 year
€703,283▼
2024 · €715,174
Income taxes
€6,807▼
2024 · €10,306
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62,885 | €63,938 | €64,610 | €65,334 | €69,072 | ▲ 5.7% |
| Other operating charges640/8 | €5,320 | €9,612 | €13,675 | €10,972 | €10,987 | ▲ 0.1% |
| Gross operating margin9900 | €125,734 | €525,290 | €137,326 | €147,972 | €125,848 | ▼ 15.0% |
| Operating profit (loss)9901 | €57,530 | €451,740 | €59,041 | €71,667 | €45,789 | ▼ 36.1% |
| Financial income75/76B | €81 | €3 | €0 | - | €869 | - |
| Recurring financial income75 | €81 | €3 | €0 | - | €869 | - |
| Financial charges65/66B | €15,202 | €19,314 | €22,164 | €21,108 | €20,360 | ▼ 3.5% |
| Recurring financial charges65 | €15,202 | €19,314 | €22,164 | €21,108 | €20,360 | ▼ 3.5% |
| Profit (loss) for the period before taxes9903 | €42,409 | €432,430 | €36,877 | €50,559 | €26,297 | ▼ 48.0% |
| Income taxes67/77 | €1,456 | €107,246 | €7,940 | €10,306 | €6,807 | ▼ 34.0% |
| Profit (loss) for the period9904 | €40,953 | €325,184 | €28,937 | €40,253 | €19,491 | ▼ 51.6% |
| Profit (loss) for the period to be appropriated9905 | €40,953 | €325,184 | €28,937 | €40,253 | €19,491 | ▼ 51.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €919,595 | €869,796 | €852,133 | €876,762 | ▲ 2.9% |
| Fixed assets21/28 | €847,518 | €815,004 | €734,198 | €668,864 | €657,401 | ▼ 1.7% |
| Tangible fixed assets22/27 | €847,518 | €815,004 | €734,198 | €668,864 | €657,401 | ▼ 1.7% |
| Land and buildings22 | €847,518 | €784,548 | €721,577 | €658,607 | €595,637 | ▼ 9.6% |
| Plant, machinery and equipment23 | - | - | €1,114 | €731 | €348 | ▼ 52.4% |
| Furniture and vehicles24 | - | €30,456 | €11,506 | €9,526 | €13,356 | ▲ 40.2% |
| Leasing and similar rights25 | - | - | - | - | €48,060 | - |
| Current assets29/58 | €184,585 | €104,591 | €135,598 | €183,269 | €219,361 | ▲ 19.7% |
| Amounts receivable within one year40/41 | €118,556 | €60,423 | €40,864 | €28,558 | €33,410 | ▲ 17.0% |
| Trade receivables40 | €0 | €8,332 | €21,100 | €21,667 | €27,500 | ▲ 26.9% |
| Other amounts receivable41 | €118,556 | €52,091 | €19,764 | €6,891 | €5,910 | ▼ 14.2% |
| Current investments50/53 | - | - | - | - | €150,869 | - |
| Cash at bank and in hand54/58 | €57,317 | €38,201 | €94,446 | €151,084 | €35,082 | ▼ 76.8% |
| Deferred charges and accrued income490/1 | €8,711 | €5,967 | €288 | €3,627 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €919,595 | €869,796 | €852,133 | €876,762 | ▲ 2.9% |
| Equity10/15 | €105,667 | €10,851 | €39,788 | €80,041 | €38,091 | ▼ 52.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €18,600 | ▲ 200% |
| Reserves13 | €99,467 | €4,651 | €33,588 | €73,841 | €19,491 | ▼ 73.6% |
| Non-distributable reserves130/1 | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €0 | - | - | - | - |
| Distributable reserves133 | €97,607 | €4,651 | €33,588 | €73,841 | €19,491 | ▼ 73.6% |
| Profit (loss) carried forward14 | - | €0 | €0 | - | €0 | - |
| Amounts payable17/49 | €926,436 | €908,744 | €830,008 | €772,092 | €838,671 | ▲ 8.6% |
| Amounts payable after more than one year17 | €856,097 | €811,688 | €764,084 | €715,174 | €703,283 | ▼ 1.7% |
| Financial debts170/4 | €856,097 | €811,688 | €764,084 | €715,174 | €703,283 | ▼ 1.7% |
| Amounts payable within one year42/48 | €70,338 | €97,056 | €65,923 | €56,918 | €135,389 | ▲ 138% |
| Current portion of amounts payable after more than one year42 | €49,449 | €46,454 | €47,604 | €48,910 | €59,576 | ▲ 21.8% |
| Financial debts43 | - | €26,751 | €10,039 | €0 | - | - |
| Credit institutions430/8 | - | €26,751 | €10,039 | €0 | - | - |
| Trade debts44 | €416 | €6,831 | €2,354 | €2,797 | €917 | ▼ 67.2% |
| Suppliers440/4 | €416 | €6,831 | €2,354 | €2,797 | €917 | ▼ 67.2% |
| Taxes, remuneration and social security45 | €7,667 | €8,306 | €4,876 | €0 | €2,307 | - |
| Taxes450/3 | €7,667 | €8,306 | €2,246 | €0 | €2,307 | - |
| Remuneration and social security454/9 | - | - | €2,630 | €0 | - | - |
| Other amounts payable47/48 | €12,807 | €8,713 | €1,051 | €5,210 | €72,589 | ▲ 1,293% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,953 | €325,184 | €28,937 | €40,253 | €19,491 | ▼ 51.6% |
| + Depreciation and write-downs630 | €62,885 | €63,938 | €64,610 | €65,334 | €69,072 | ▲ 5.7% |
| Operating cash flow (approximation) | €103,837 | €389,122 | €93,548 | €105,587 | €88,563 | ▼ 16.1% |
| Investment in fixed assets (approximation) | - | -€31,424 | €16,196 | €0 | -€57,609 | - |
| Change in cash | - | -€19,115 | €56,245 | €56,638 | -€116,002 | ▼ 305% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €19,491 ▼51.6%
Net result drops to €19,491, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €325,184 ▲694%
Operating result €451,740, net result €325,184, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €100,000Eq €105,667 ▲63.3%
4 profitable years in a row build equity to €105,667.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Kasterlee · 1 establishment unit since 2017
Ground area
1,297 m²
Building footprint
597 m²
Volume, LiDAR
275 m³
Parcel 13038C0879/00A000, Flanders · tallest building 13.3 m. Linked by address, not a title deed.
1 establishment unit
PRAAD
since 20172.263.549.735
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13038C0879/00A000 | Flanders | 1,297 m² | 1 · 597 m² | 13.3 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 1,500 EUR awarded · 594 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 386 EUR |
| 2022 | 1 | 1,500 EUR | 208 EUR |
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,805. 9,553 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
Founded11-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0674433575
Also
9925:BE0674433575
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.