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PRACO

Active Public limited companyfounded 1991active for 35 yearsRue de Raborive 2, 4920 AywailleKBO/BCE: BE 0443.979.094
PRACO
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Overview

Lifetime

18 annual accounts with figures on one time axis, 27 filings since 1998
peak €146,004 (2021)
€99,172▲ 359%
lowest -€81,719 (2016)
€27,943▲ €78,585
peak €171,432 (2022)
€148,732▲ 23.1%
€511,054▲ 11.6%
peak 1.6 FTE (2012)
-not published
Board3 names since 2010
3 directorsFFRW SRL and 2 others
Documentsfilings and deeds
16-03-2026228 days late
2024micro format
Gross margin from €21,593 to €99,172Back to profit: €27,943Equity from €120,790 to €148,732Cash from €37,488 to €1,643

Key points

from the 2024 annual accounts

Result

€27,943 €27,943
-€50,6002023€27,9002024

Back in profit in 2024, after a loss of €50,642 in 2023.

Turnover

≈ €300,000 estimated

The micro format states no turnover.

Debts

€511,054 77% of the balance sheet
Financial debts 54%Suppliers 10%Taxes and wages 16%Other 20%

Of this, €280,506 falls due within a year.

Filings

27 annual accounts 102 days past the deadline
AprilJune31 JulyOctober200020102020

2025 accounts not filed: deadline was 31-07-2026.

Board

3 joined

New directors. Latest change 04-12-2025 · 3 in office.

Position in the sector

€148,732

More equity than 80% of companies in sports and recreation. Sector median €32,685 · 3,004 companies.

Checked score

51
Fair
Financially stronger than 47% of micro companies in sports and recreation (NACE 93)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.1% Moderate
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.3% across 4,270 companies (NACE 93, micro).

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.8% 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 0.8%● unchanged vs 01-2025 03-2025: 0.8%● unchanged vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025 05-2025: 0.7%▼ -0.1 percentage points vs 04-2025 06-2025: 0.7%● unchanged vs 05-2025lowest value 07-2025: 0.9%▲ +0.2 percentage points vs 06-2025 08-2025: 1.2%▲ +0.3 percentage points vs 07-2025 09-2025: 1.2%● unchanged vs 08-2025 10-2025: 1.3%▲ +0.1 percentage points vs 09-2025 11-2025: 1.4%▲ +0.1 percentage points vs 10-2025 12-2025: 1.8%▲ +0.4 percentage points vs 11-2025 01-2026: 3.3%▲ +1.5 percentage points vs 12-2025 02-2026: 3.3%● unchanged vs 01-2026 03-2026: 3.5%▲ +0.2 percentage points vs 02-2026highest value 04-2026: 1.4%▼ -2.1 percentage points vs 03-2026 05-2026: 1.4%● unchanged vs 04-2026 06-2026: 1.3%▼ -0.1 percentage points vs 05-2026 07-2026: 1.3%● unchanged vs 06-2026 08-2026: 2.1%▲ +0.8 percentage points vs 07-2026 09-2026: 2.4%▲ +0.3 percentage points vs 08-2026 10-2026: 3.1%▲ +0.7 percentage points vs 09-2026 11-2026: 3.1%● unchanged vs 10-2026

Financial strength
Average

48+2equity 22.5% of total assets
30-17short-term debt 42.5% · cash 0.2%
68+60return on assets 4.2%

Score breakdown

raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 228 days late; 3 of the last 3 accounts late
Figures for financial year 2024 (filed on 17-03-2026)
Liquidity: current ratio 1.28, cash €1,643, halved
lowers risk
Founded in 1991
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 93, micro). It does better than 45% of them on solvency, 25% on liquidity, 46% on profitability and 72% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2024.

Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 4,685 companies had the same profile as PRACO has now. Each dot stands for 12 companies, two years later.

97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
  • Small
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet

The bankruptcy probability of PRACO itself is higher: 3.1% within 12 months. It rests on far more data about PRACO than the profile alone.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 4,685 companies, not a prediction for PRACO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €7,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance

Liquidity is tight, with a current ratio of 1.28 (1.7 in 2023), below the usual 1.5. Short-term debt is 42.5% and cash 0.2% of total assets. 77.5% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 228 days late; 3 of the last 3 accounts late
NBB · filings
raises risk · Figures for financial year 2024 (filed on 17-03-2026)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.28, cash €1,643, halved
NBB · annual accounts
lowers risk · Founded in 1991
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 228 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-03-2026, 228 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
228 days late
2023
58 days late
2022
92 days late
2021
6 days early
2020
88 days late
2019
82 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 90 days after the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

FH
Ferdinand HEEREN
Director
FS
FFRW SRL
Director, Hugo HEEREN
RH
Robin HEEREN
Director

Shares in 2 companies, ELFIQUE and BHM Steel

Board & ownership

Recent changes

3 directors appointed FFRW SRL, Robin HEEREN and Ferdinand HEEREN · Permanent representative: Hugo HEEREN · General meeting of 11-11-2025 · Gazette deed
Registered office moved from Vielsalm to Aywaille New registered office: B-4920 Aywaille, Raborive 2 · Previous registered office: Priesmont 21, 6690 VIELSALM · Permanent representative: Hugo HEEREN · Board meeting of 11-09-2019 · Gazette deed
3 directors reappointed FFRW, Ferdinand HEEREN and Robin HEEREN · Permanent representative: Hugo HEEREN · General meeting of 20-04-2018 · Gazette deed
First establishment Raborive 2, Aywaille
All 41 events

Comparable companies

same main activity, similar in size and age
Company
PRACO Aywaille €0.7m €99,172 22.5% -
Kastor Up Puurs-Sint-Amands €0.6m €91,365 76.1% -
CAR TUNING DEVELOPMENT Deerlijk €0.6m €173,776 45.9% 0
HUMMEL SKI SPORT Heusden-Zolder €0.5m €179,631 66.1% -
PERFORMANCE SPORT ORGANISATIONS Liège €1.3m €137,335 49.8% -
SABAX Meise €0.7m €90,225 78.0% -
D & D SPORT Meise €0.6m €219,148 -6.4% 1.9

These companies have the same main activity as PRACO: other sports activities (NACE 93199). They are comparable in size and age: total assets between €523,000 and €1.3m, founded between 1992 and 2001.

Official details

Source: KBO
Status
Active since 25-04-1991Normal situation
Activity
Other sports activitiesNACE 93199and 4 others
Establishment unit
2.052.822.0844920 Aywaille, since 11-07-1996
Financial year end
31 December
Peppol
Reachable
Company details

Annual accounts 2024

€99,172▲ 359%
€27,943
€148,732▲ 23.1%
€659,786▲ 14.0%
Filing
Filed on 16-03-2026
Financials

Insights on PRACO

PRACO files the micro format. That format states no turnover. The gross margin rose from €16,100 in 2006 to €99,172 in 2024.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2024

micro format, filed on 16-03-2026, 228 days late

2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 10 November 2026.

€99,172
▲ 359%
€75,293
▲ €114,124
€94,376
▲ €116,306
€47,026
▲ €80,766
22.5%
▲ 1.7 percentage points
1.28
▼ 0.42

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €300,000. Estimated: probably between €200,000 and €520,000.

Money flows

no detail for 2024

Balance sheet

balance sheet total €659,786 on 31-12-2024
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

22.5%

Higher than 47% of 3,000 companies in 2024.

1.28

Higher than 57% of 2,885 companies in 2024.

4.2%

Higher than 54% of 2,914 companies in 2024.

PRACO Middle half of the sector 80% of the sector Micro accounts in sports and recreation (NACE 93)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202420232022202120202019201820172016201520142013201220112010200920082006
Balance sheet: assets
20/58 659,786578,733772,891567,537241,465233,225201,017113,554103,591209,164195,229239,871285,323286,818210,408119,032154,916107,756
20 ------0000000-----
21/28 300,561309,917330,343291,83211,86820,55625,35732,0628,52417,12843,98966,44993,24771,87143,94850,51950,84930,981
21 7132,3133,9136,553--------------
22/27 48,16255,919174,745133,59511,86820,55625,35732,0628,52417,12843,98966,44993,24771,87143,94850,51950,84930,981
22 ------0000000-----
23 11,24112,28912,467-3,8274,4036,6965,4901,32777614,86419,17129,31024,15724,07020,6575,366177
24 36,92243,631162,278133,5958,04116,15418,66126,5737,19710,62517,67130,01339,24043,4376,7217,89618,53130,432
26 ------000631262741,6783,2784,5785,8043,210372
28 251,685251,684151,684151,684--------------
29/58 359,225268,816442,549275,705229,597212,669175,66081,49295,067192,036151,241173,422192,076214,947166,45968,513104,06776,775
29 94,55397,572----------------
291 94,55397,572----------------
3 --------09,50060,26261,21257,89657,71332,25323,53219,487-
30/36 --------09,50060,26261,21257,89657,71332,25323,53219,487-
40/41 263,029133,130431,918263,586204,639198,391159,64662,71176,127157,92780,541105,934120,362106,15579,22239,61368,49432,891
40 180,59555,283176,844135,30712,577184,334132,69237,34947,875108,94737,14743,93866,62841,43263,15639,61366,33927,875
41 82,43577,847255,074128,279192,06214,05626,95425,36228,25248,98043,39461,99553,73464,72316,066-2,1555,016
50/53 -----13,60013,60013,60013,60013,600--------
54/58 1,64337,4889,14310,95524,6625412,1031,7533827,0895,39591112,22050,97754,9853,86710,67542,388
490/1 06271,4881,1642961373113,4284,9583,9205,0425,3651,598102-1,5005,4111,497
Balance sheet: equity and liabilities
10/49 659,786578,733772,891567,537241,465233,225201,017113,554103,591209,164195,229239,871285,323286,818210,408119,032154,916107,756
10/15 148,732120,790171,432138,90029,23429,700-23,736-107,168-89,377-7,658-25,39411,08737,139106,24962,32653,12462,25669,249
10/11 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,000
10 62,00062,000-62,000--------------
100 62,00062,000-62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,000
13 6,2006,20062,38476,6156,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2003,099
130/1 6,2006,2006,2006,2006,200-------------
130 6,2006,200-6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2003,099
1311 --6,200---------------
132 -056,18470,415--------------
14 80,53252,59047,048285-38,966-38,500-91,936-175,368-157,577-75,858-93,594-57,113-31,06138,049-5,874-15,076-5,9444,150
16 -014,04617,604------------20,000-
160/5 ----------------20,000-
168 -014,04617,604--------------
17/49 511,054457,944587,414411,033212,232203,525224,753220,722192,968216,822220,624228,784248,184180,569148,08265,90772,66038,507
17 230,548299,842368,013102,811----03,72711,83529,43446,436--11,21617,448-
170/4 230,548299,842368,013102,811----03,72711,83529,43446,436--11,21617,448-
42/48 280,506158,101219,401308,223212,232202,638223,937220,706192,118213,095208,276197,529197,945179,669148,08253,94154,36338,272
42 69,29467,28655,13927,189---03,7278,10817,60017,00116,4245,20910,6826,3116,018-
43 44,500094,54049,90149,90149,90149,90150,70851,82049,90149,90152,39049,90149,90149,901---
430/8 44,500094,54049,90149,90149,90149,90150,70851,82049,90149,90152,39049,90149,90149,901---
44 49,56049,83117,71319,0929,17859,87274,70064,63225,10196,415106,18787,48675,24135,69531,3238,51817,34131,912
440/4 49,56049,83117,71319,0929,17859,87274,70064,63225,10196,415106,18787,48675,24135,69531,3238,51817,34131,912
45 82,10525,37330,93819,3914,65023,95811,9796,509023,4631,8109,68525,41250,05329,5572,99511,1993,380
450/3 82,10525,37330,93819,3914,65013,786497497023,4631,8103,44716,86948,34828,3831,97011,1993,380
454/9 -----10,17211,4816,0120--6,2378,5421,7051,1741,025--
47/48 35,04715,61121,071192,649148,50268,90787,35798,858111,47035,20732,77930,96730,96738,81226,61936,11819,8052,980
492/3 -----8878161685005131,8213,803900-750849236
Income statement
70 ----------------152,78246,284
76A ----------2,325--10,295--334-
9900 99,17221,593104,452146,00447,88974,895103,5006,968-58,93946,089-1,07050,00024,345119,22080,4296,68341,89816,100
60/61 ----------------149,36662,554
62 -0362-6915,0656,4216,53401,669-55030,00844,02416,8307,7217,046--
630 19,08316,90235,2162,8529,96512,90710,20510,86311,78221,10929,13034,63135,08731,10722,70125,08818,4159,069
631/4 --------1,3502,0100--0-----
635/8 ----------------20,000--
640/8 4,79643,52217,54783418,1321,143233,2391,2999521,1091,14310,1686,1412,2272,0313,1772,364
66A ----13,600----------8020,250188
9901 75,293-38,83251,327142,3185,50155,78086,850-12,317-74,03022,358-30,758-15,781-64,93465,14347,780-7,48220,3074,667
75/76B 4,2832,033247141,2541,17961549884,623424173,16076661023171
75 4,2832,033247141,2541,17961549884,623424173,16076661023171
65/66B 17,70419,4478,6774,9845,5713,5984,5985,4668,1864,63012,67110,3124,5933,9722,3072,1802,870229
65 17,70419,4478,6774,9845,5713,5984,5985,4668,1864,63012,67110,3124,5933,9722,3072,1802,870229
9903 61,872-56,24542,674137,341-5653,43683,432-17,169-81,71917,736-36,482-26,052-69,11074,62646,240-9,131-2,2484,321
780 014,0463,558185--------------
680 ---17,789--------------
67/77 33,9298,44313,70010,071410--622--00030,70317,038--93
9904 27,943-50,64232,532109,666-46653,43683,432-17,791-81,71917,736-36,482-26,052-69,11043,92329,201-9,131-2,2484,227
789 056,18414,231741--------------
689 ---71,156--------------
9905 27,9435,54246,76339,251-46653,43683,432-17,791-81,71917,736-36,482-26,052-69,11043,92329,201-9,131-2,2484,227
Appropriation of the result
9906 80,53252,59047,048285-38,966-38,500-91,936-175,368-157,577-75,858-93,594-57,113-31,06138,04914,126-15,076-5,9444,150
14P 52,59047,048285-38,966--------------
694/7 --------------20,000---
694 --------------20,000---
Social balance sheet
9087 -----0.6-----1.31.60.60.70.2--
Hours worked1013 -----1,110-----1,0782,1771,237528440--
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 8 older financial years (1998-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 16-03-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2024 micro format 16-03-2026 2026-00055028 PDF
31-12-2023 micro format 27-09-2024 2024-00499607 PDF
31-12-2022 micro format 31-10-2023 2023-00507435 PDF
31-12-2021 micro format 25-07-2022 2022-20218063 PDF
31-12-2020 micro format 27-10-2021 2021-75300438 PDF
31-12-2019 micro format 21-10-2020 2020-62400425 PDF
31-12-2018 micro format 29-08-2019 2019-56200540 PDF
31-12-2017 micro format 27-08-2018 2018-51000442 PDF
31-12-2016 micro format 31-08-2017 2017-56400338 PDF
31-12-2015 full format 27-09-2016 2016-62200180 PDF
31-12-2014 full format 31-08-2015 2015-54600288 PDF
31-12-2013 full format 11-03-2015 2015-06100069 PDF
31-12-2012 full format 26-09-2013 2013-59700553 PDF
31-12-2011 full format 30-08-2012 2012-50800183 PDF
31-12-2010 full format 26-08-2011 2011-45400218 PDF
31-12-2009 full format 31-08-2010 2010-49100146 PDF
31-12-2008 full format 14-07-2009 2009-42500070 PDF
31-12-2007 full format 30-07-2008 2008-51400105 PDF
31-12-2006 full format 30-08-2007 2007-67800131 PDF
31-12-2005 full format 20-09-2006 2006-79000242 PDF
31-12-2004 full format 30-09-2005 2005-80704356 PDF
31-12-2003 full format 30-07-2004 2004-56803836 PDF
31-12-2002 full format 13-11-2003 2003-79004856 PDF
31-12-2001 full format 05-03-2003 2003-06300013 PDF
31-12-2000 full format 25-10-2001 2001-66505111 PDF
31-12-1999 full format 02-10-2000 2000-61205142 PDF
31-12-1998 full format 02-10-2000 2000-61205156 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202420232022202120202019201820172016201520142013201220112010200920082006
94,376-21,92986,543145,17015,46668,68697,056-1,455-62,24843,467-1,62918,850-29,84796,25070,48217,60738,72113,736
47,026-33,74067,748112,5189,49966,34293,637-6,928-69,93738,846-7,3528,579-34,02375,03051,90315,95716,16713,296
9,728114,57173,727296,9361,2779,0003,50034,4013,17713,8036,6707,83356,90559,03016,13124,75815,708932
-35,84428,344-1,812-13,70724,121-1,5623501,371-6,7071,6944,484-11,308-38,758-4,00851,118-6,808--
78,720110,715223,148-32,51817,36610,031-48,277-139,214-97,050-21,059-57,035-24,106-5,86935,27818,37714,57249,70438,503
----------------13.3%10.1%
22.5%20.9%22.2%24.5%12.1%12.7%-11.8%-94.4%-86.3%-3.7%-13.0%4.6%13.0%37.0%29.6%44.6%40.2%64.3%
1.281.702.020.891.081.050.780.370.490.900.730.880.971.201.121.271.912.01
1.281.702.020.891.081.050.780.370.490.860.440.570.680.880.910.831.562.01
3.443.793.432.967.266.85-----20.636.681.702.381.241.170.56
18.8%-41.9%19.0%79.0%-1.6%179.9%------235.0%-186.1%41.3%46.9%-17.2%-3.6%6.1%
4.2%-8.8%4.2%19.3%-0.2%22.9%41.5%-15.7%-78.9%8.5%-18.7%-10.9%-24.2%15.3%13.9%-7.7%-1.5%3.9%
5.33-1.139.9729.13--------------
----------------158 days220 days
----------------42 days186 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item2024202320222021
Tangible fixed assets€9,727€14,571€73,727€137,252
Intangible fixed assets---€8,000
Financial fixed assets€1€100,000-€151,684
€19,083€16,902€35,216€2,852

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Insights on PRACO

The operating result for 2024 is a profit of €75,293, after a loss of €38,832 in 2023. It is the highest result since 2021.

Debt's share of the balance-sheet total falls from 79.1% to 77.5%. Equity and debt are higher.

Board & ownership

Board

3 directors, last change in 2025
Ferdinand HEEREN
Director
appointed by deed of 04-12-2025
FFRW SRL
Director, permanent representative Hugo HEEREN
appointed by deed of 04-12-2025
Robin HEEREN
Director
appointed by deed of 04-12-2025
Permanent representatives 1
Hugo HEEREN
Permanent representative, for FFRW SRL
appointed by deed of 04-12-2025

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
FFRW SRL
Director
Ferdinand HEEREN
Director
Robin HEEREN
Director
Board
Mandates as a list
  • FFRW SRL
    • Director, from 04-01-2010 to date
  • Ferdinand HEEREN
    • Director, from 30-06-2018 to date
  • Robin HEEREN
    • Director, from 30-06-2018 to date

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€62,000
Source
2024 annual accounts

Network & group

Holdings

own 2024 accounts, the bar shows equity in euros
This companyPRACO2 holdings, 1 country 2024 accounts

Belgium 2 Year Equity Result

  • BE ELFIQUE11.81% 2025€1.8m result -€712,563 (2025)
  • BE BHM STEEL10%open bankruptcy 2024€342,061 result €18,549 (2024)

Source: list of holdings in its own 2024 accounts. Every holding stands with its own latest accounts.

Earlier ties

BOBELINE & CIE
via Hugo HEEREN, no longer at BOBELINE & CIE · Director · deed of 20-08-2020
founded in 2015 · negative equity (2025)
 total assets €449,927 (2025)

Holdings and subsidiaries

2 holdings

Holdings 2

Share, source and own figures per holding (2)

Source for every holding own accounts 2024

  • ELFIQUE
    Equity €1.8m Loss of €712,563 in 2025 (loss of €429,915 in 2024) Checked score 55
    11.81%
  • BHM Steel
    Equity €342,061 Profit of €18,549 in 2024 (profit of €48,157 in 2023) Checked score 24
    10%
Holdings through the years 2023 to 2024
Holdings through the years
Name20232024
ELFIQUE 11.81%
BHM Steel 10%

Source: list of holdings in its own accounts

Connections & network

3 connected companies
Depth
Club alpin belge Liège, Shared director CAClub alpinbelge LiègeSDC2H Industrial Maintenance, Shared director SISDC2H IndustrialMaintenanceWHMBOIS, Shared director WWHMBOISBOBELINE & CIE, Shared director BCBOBELINE & CIEPRACO PRACO0443.979.094
Shared directors
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
WHMBOIS
via Hugo HEEREN · Director (not named in the articles) · deed of 24-03-2025
Founded in 2021 · total assets €46,348 (2025)
→
Club alpin belge Liège
via Hugo HEEREN · Director · deed of 13-05-2024
Founded in 2006
→
SDC2H Industrial Maintenance
via Hugo HEEREN · Statutory manager · deed of 27-10-2020
Founded in 2020
→

Timeline

Timeline

41 events since 1991
2026
Annual accounts 2024 filed PDFmicro format · 228 days late
2025
3 directors appointedFFRW SRL, Robin HEEREN and Ferdinand HEEREN · Permanent representative: Hugo HEEREN · General meeting of 11-11-20255 points ▸
  • General meeting, 11-11-2025
  • Director appointment, FFRW SRL
  • Permanent representative, Hugo HEEREN
  • Director appointment, Robin HEEREN
  • Director appointment, Ferdinand HEEREN
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2024
Back to profit net €27,943 The net result is €27,943, after one loss-making year.
Annual accounts 2023 filed PDFmicro format · 58 days late
2023
Annual accounts 2022 filed PDFmicro format · 92 days late
2022
Liquidity more than doubled current ratio 2.02 The current ratio rises from 0.89 to 2.02. Short-term debt falls from €308,223 to €219,401.
Equity above €150,000 equity €171,432 ▲23.4% After 2 profitable years in a row, equity reaches €171,432.
Annual accounts 2021 filed PDFmicro format · 6 days before the deadline
2021
Back to profit net €109,666 The net result is €109,666, after one loss-making year.
Annual accounts 2020 filed PDFmicro format · 88 days late
2020
Annual accounts 2019 filed PDFmicro format · 82 days late
2019
Registered office moved from Vielsalm to AywailleNew registered office: B-4920 Aywaille, Raborive 2 · Previous registered office: Priesmont 21, 6690 VIELSALM · Permanent representative: Hugo HEEREN · Board meeting of 11-09-20193 points ▸
  • Board meeting, 11-09-2019
  • Registered-office move, B-4920 Aywaille, Raborive 2
  • Permanent representative, Hugo HEEREN

Open the deed in the Belgian Official Gazette

Annual accounts 2018 filed PDFmicro format · 29 days late
2018
Back to profit net €83,432 The net result is €83,432, after 2 loss-making years.
3 directors reappointedFFRW, Ferdinand HEEREN and Robin HEEREN · Permanent representative: Hugo HEEREN · General meeting of 20-04-20185 points ▸
  • General meeting, 20-04-2018
  • Director reappointment, FFRW
  • Director reappointment, Ferdinand HEEREN
  • Director reappointment, Robin HEEREN
  • Permanent representative, Hugo HEEREN
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2017 filed PDFmicro format · 27 days late
2017
Annual accounts 2016 filed PDFmicro format · 31 days late
2016
Weakest financial year net -€81,719 The net result drops to -€81,719, the lowest from 2006 to 2024. It recovers the following year.
Annual accounts 2015 filed PDFfull format · 58 days late
2015
Back to profit net €17,736 The net result is €17,736, after 3 loss-making years.
Annual accounts 2014 filed PDFfull format · 31 days late
Annual accounts 2013 filed PDFfull format · 223 days late
2013
Annual accounts 2012 filed PDFfull format · 57 days late
2012
Annual accounts 2011 filed PDFfull format · 30 days late
2011
Equity above €100,000 equity €106,249 ▲70.5% After 2 profitable years in a row, equity reaches €106,249.
Annual accounts 2010 filed PDFfull format · 26 days late
2010
Back to profit net €29,201 The net result is €29,201, after 2 loss-making years.
Annual accounts 2009 filed PDFfull format · 31 days late
2009
Annual accounts 2008 filed PDFfull format · 17 days before the deadline
2008
Annual accounts 2007 filed PDFfull format · 1 day before the deadline
2007
Annual accounts 2006 filed PDFfull format · 30 days late
2006
Annual accounts 2005 filed PDFfull format
2005
Annual accounts 2004 filed PDFfull format
2004
Annual accounts 2003 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
Annual accounts 2001 filed PDFfull format
2001
Annual accounts 2000 filed PDFfull format
2000
Annual accounts 1998 filed PDFfull format
Annual accounts 1999 filed PDFfull format
1996
First establishment Raborive 2, Aywaille
1991
Incorporation published on 17-05-1991

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

PRACO was incorporated on 25 April 1991.1 The registered office was moved to Aywaille in 2019.2 Total assets rose from €201,017 in 2018 to €659,786 in 2024.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 21-10-2019
  3. 3National Bank, annual accounts 2018 and 2024

Company details

Identity

Enterprise number
0443.979.094
VAT number
BE 0443.979.094
Peppol ID
0208:0443979094
Other Peppol ID
9925:BE0443979094
Legal form
Public limited company
Status
Active, normal situation
Founded
25-04-1991
Financial year
ends on 31 December
Voting ruleThe articles set which majority the meeting decides by, for example a simple or a special majority.
“Majorité des voix”
deed of 04-12-2025 (in French)
Peppol
Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
Name
PRACO in French
Entity type
Legal entity

Activities

NACEBEL 2025
93199 Other sports activities main activity
46120 Wholesale trade
70200 Business and other management consultancy
73200 Market research and public opinion polling
74999 Other professional, scientific and technical activities
Codes under NACEBEL 2008
93199 Other sports activities main activity
46120 Wholesale trade
70220 Business consulting
73200 Advertising, market research and public relations activities
74909 Other professional, scientific and technical activities
Codes under NACEBEL 2003
74142 main activity
51120
74131

Registered office and establishments

1 establishment
Establishment Since Unit number
Rue de Raborive 2 registered office 4920 Aywaille
Raborive 2 4920 Aywaille 74999 Other professional, scientific and technical activities 11-07-1996 2.052.822.084
1 former office
  • Priesmont 21, 6690 Vielsalm until the deed of 21-10-2019

Buildings and parcels at the addresses

Ground area
6,214 m²
Buildings
212 m²
Volume, LiDAR
2,148 m³
Tallest building
12.6 m
Buildings to scale, each on its own parcel
212 m², 12.6 m 212 m², 12.6 m

Location

establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
62009A0026/00W0006,214 m² 1 · 212 m² 12.6 m · 4

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