PRACSIS
ActiveSummary
PRACSIS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €718,802 and a net result of €72,292. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 33% of 4630 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability58▲+12
Solvency54▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 11.4 against 3.14 in 2023; short-term debt: 8% and cash: 23.4% of total assets), but 70.9% 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
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 31-12-2024 was due by 31-07-2025 and was filed on 12-08-2025, 12 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
not confirmed
2024
12 d late
2023
6 d early
2022
6 d early
2021
23 d late
2020
20 d late
2019
18 d late
← 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 10 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€72,292▲ 428%
2023 · €13,701
Working capital
€2.1m▲ 93.8%
2023 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20202021202220232024
Operating result€62,615▲ 114%€30,386▼ 51.5%€34,468▲ 13.4%€47,551▲ 38.0%€122,057▲ 157%
Net result€16,109within the sector's middle half€1,650within the sector's middle half▼ 89.8%€2,986within the sector's middle half▲ 81.0%€13,701within the sector's middle half▲ 359%€72,292within the sector's middle half▲ 428%
Equity€685,373within the sector's middle half▲ 2.4%€687,023within the sector's middle half▲ 0.2%€690,009within the sector's middle half▲ 0.4%€703,710within the sector's middle half▲ 2.0%€718,802within the sector's middle half▲ 2.1%
Total assets€2.4mwithin the sector's middle half▼ 8.4%€1.1mwithin the sector's middle half▼ 51.2%€1.4mwithin the sector's middle half▲ 20.9%€1.9mwithin the sector's middle half▲ 37.8%€2.5mwithin the sector's middle half▲ 28.9%
Debt€1.7m▼ 12.2%€462,595▼ 72.3%€700,100▲ 51.3%€1.2m▲ 73.1%€1.7m▲ 44.4%
Working capital€958,025above the sector's middle half▼ 26.3%€387,024within the sector's middle half▼ 59.6%€665,480above the sector's middle half▲ 71.9%€1.1mabove the sector's middle half▲ 59.0%€2.1mabove the sector's middle half▲ 93.8%
Solvency29.1%within the sector's middle half▲ 3.1pp59.8%within the sector's middle half▲ 30.7pp49.6%within the sector's middle half▼ 10.1pp36.7%within the sector's middle half▼ 12.9pp29.1%within the sector's middle half▼ 7.6pp
Current ratio1.94within the sector's middle half▼ 0.411.93within the sector's middle half▼ 0.012.64within the sector's middle half▲ 0.713.14above the sector's middle half▲ 0.5011.40above the sector's middle half▲ 8.26
Return on assets (ROA)0.7%within the sector's middle half▲ 0.9pp0.1%below the sector's middle half▼ 0.5pp0.2%within the sector's middle half▲ 0.1pp0.7%within the sector's middle half▲ 0.5pp2.9%within the sector's middle half▲ 2.2pp
Staff (FTE)10within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 157% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.5m
Fixed assets
€220,726 ▼ 39.2%
Current assets
€2.2m ▲ 44.8%
Equity and liabilities €2.5m
Equity
€718,802 ▲ 2.1%
Debt
€1.7m ▲ 44.4%
Debt's share of the balance-sheet total rises from 63.3% to 70.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€164,228▲
2023 · €94,481
Cash flow
€114,463▲
2023 · €60,631
Debt to equity
2.43▲
2023 · 1.72
ROE
10.1%▲
2023 · 1.9%
Interest coverage
4.31▲
2023 · 3.12
Debt ≤ 1 year
€197,194▼
2023 · €494,563
Income taxes
€12,637▲
2023 · €8,538
Staff costs
€940,383▼
2023 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,678 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 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 4,678 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €887,126 | €904,838 | €1.1m | €940,383 | ▼ 10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,165 | €55,190 | €47,928 | €46,930 | €42,171 | ▼ 10.1% |
| Other operating charges640/8 | - | €38,095 | €29,880 | €37,132 | €27,351 | ▼ 26.3% |
| Gross operating margin9900 | €629,881 | €1.0m | €1.0m | €1.2m | €1.1m | ▼ 4.4% |
| Operating profit (loss)9901 | €62,615 | €30,386 | €34,468 | €47,551 | €122,057 | ▲ 157% |
| Financial income75/76B | - | €235 | €910 | €4,925 | €966 | ▼ 80.4% |
| Recurring financial income75 | €434 | €235 | €910 | €4,925 | €966 | ▼ 80.4% |
| Financial charges65/66B | - | €19,492 | €24,827 | €30,237 | €38,094 | ▲ 26.0% |
| Recurring financial charges65 | €37,374 | €19,492 | €24,827 | €30,237 | €38,094 | ▲ 26.0% |
| Profit (loss) for the period before taxes9903 | €25,675 | €11,129 | €10,551 | €22,239 | €84,929 | ▲ 282% |
| Income taxes67/77 | €9,566 | €9,479 | €7,565 | €8,538 | €12,637 | ▲ 48.0% |
| Profit (loss) for the period9904 | €16,109 | €1,650 | €2,986 | €13,701 | €72,292 | ▲ 428% |
| Profit (loss) for the period to be appropriated9905 | €16,109 | €1,650 | €2,986 | €13,701 | €72,292 | ▲ 428% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €1.1m | €1.4m | €1.9m | €2.5m | ▲ 28.9% |
| Fixed assets21/28 | €384,300 | €346,990 | €318,801 | €362,748 | €220,726 | ▼ 39.2% |
| Tangible fixed assets22/27 | €313,503 | €279,808 | €247,729 | €245,884 | €220,726 | ▼ 10.2% |
| Land and buildings22 | - | €217,040 | €204,272 | €191,505 | €178,739 | ▼ 6.7% |
| Plant, machinery and equipment23 | - | - | €7,396 | €10,061 | €6,664 | ▼ 33.8% |
| Furniture and vehicles24 | - | €27,762 | €8,490 | €18,002 | €16,053 | ▼ 10.8% |
| Other tangible fixed assets26 | - | €35,006 | €27,571 | €26,316 | €19,270 | ▼ 26.8% |
| Financial fixed assets28 | €70,797 | €67,182 | €71,072 | €116,864 | - | - |
| Current assets29/58 | €2.0m | €802,628 | €1.1m | €1.6m | €2.2m | ▲ 44.8% |
| Amounts receivable within one year40/41 | €1.7m | €347,107 | €806,208 | €915,712 | €1.7m | ▲ 82.3% |
| Trade receivables40 | - | €151,753 | €538,160 | €594,953 | €1.5m | ▲ 147% |
| Other amounts receivable41 | - | €195,354 | €268,048 | €320,759 | €201,137 | ▼ 37.3% |
| Cash at bank and in hand54/58 | €313,084 | €454,184 | €265,004 | €636,604 | €577,981 | ▼ 9.2% |
| Deferred charges and accrued income490/1 | - | €1,337 | €96 | €215 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €1.1m | €1.4m | €1.9m | €2.5m | ▲ 28.9% |
| Equity10/15 | €685,373 | €687,023 | €690,009 | €703,710 | €718,802 | ▲ 2.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | - | €18,600 | - | - |
| Issued capital100 | - | €18,600 | - | €18,600 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €664,913 | €666,563 | €669,549 | €683,250 | €698,342 | ▲ 2.2% |
| Amounts payable17/49 | €1.7m | €462,595 | €700,100 | €1.2m | €1.7m | ▲ 44.4% |
| Amounts payable after more than one year17 | €76,952 | €46,991 | €20,867 | - | - | - |
| Financial debts170/4 | - | €46,991 | €20,867 | - | - | - |
| Amounts payable within one year42/48 | €1.0m | €415,604 | €405,828 | €494,563 | €197,194 | ▼ 60.1% |
| Current portion of amounts payable after more than one year42 | - | €22,565 | €3,652 | €350,000 | - | - |
| Trade debts44 | €247,127 | €360,632 | €373,668 | €41,619 | €132,614 | ▲ 219% |
| Suppliers440/4 | - | €360,632 | €373,668 | €41,619 | €132,614 | ▲ 219% |
| Taxes, remuneration and social security45 | - | €32,407 | €28,508 | €102,944 | €64,580 | ▼ 37.3% |
| Remuneration and social security454/9 | - | €32,407 | €28,508 | €102,944 | €64,580 | ▼ 37.3% |
| Accrued charges and deferred income492/3 | - | - | €273,405 | €717,006 | €1.6m | ▲ 116% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,109 | €1,650 | €2,986 | €13,701 | €72,292 | ▲ 428% |
| + Depreciation and write-downs630 | €46,165 | €55,190 | €47,928 | €46,930 | €42,171 | ▼ 10.1% |
| Operating cash flow (approximation) | €62,274 | €56,840 | €50,914 | €60,631 | €114,463 | ▲ 88.8% |
| Investment in fixed assets (approximation) | - | -€17,880 | -€19,739 | -€90,877 | €99,851 | ▲ 210% |
| Change in cash | - | €141,100 | -€189,180 | €371,600 | -€58,623 | ▼ 116% |
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
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 12 days late
2024
31-12
Financial
Highest result since 2018net €72,292 ▲428%
Operating result €122,057, net result €72,292, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 11.40
Current ratio from 3.14 to 11.40; short-term debt falls from €494,563 to €197,194.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 23 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 20 days late
2020
31-12
Financial
Back to profitnet €16,109
Net result €16,109 after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 18 days late
2019
31-12
Financial
Weakest financial yearnet -€6,654
Net result drops to -€6,654, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 22 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 21 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 17 days late
2016
04-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 4 days late
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, Oudergem · 1 establishment unit since 1995
Ground area
2,816 m²
Building footprint
3,665 m²
Volume, LiDAR
61,390 m³
Parcel 21332B0359/00N000, Brussels · tallest building 22.2 m, ±6 floors. Linked by address, not a title deed.
39
companies at this address
See who is registered here
1 establishment unit
PRACSIS SPRL
since 19952.071.113.712
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332B0359/00N000 | Brussels | 2,816 m² | 1 · 3,665 m² | 22.2 m · 6 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.
Public money · subsidies and aid
European Union, budget
2021 to 2025 · 43 entries · 20,472,169 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 4 | 3,786,219 EUR |
| 2024 | 9 | 5,583,900 EUR |
| 2023 | 10 | 6,198,260 EUR |
| 2022 | 11 | 2,448,190 EUR |
| 2021 | 9 | 2,455,600 EUR |
Projects
ERA TALENT PLATFORM - THE INTERNATIONAL DIMENSION
CENTRALISED SUPPORT TO THE NETWORK OF ERASMUS+ NATIONAL FOCAL POINTS (ENFPS)
GRO/SME/22/12712-INTERNATIONAL INTELLECTUAL PROPERTY SME HELPDESKS-EISMEA/2022/OP/0006-INTERNATIONAL IP SME HELPDESKSOUTH-EAST ASIA-LOT2
EURAXESS WORLDWIDE 3RD SPECIFIC CONTRACT
EURAXESS WORLDWIDE 2ND SPECIFIC CONTRACT
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EURAXESS WORLDWIDE 1STSPECIFICCONTRACT
MSCA-GLOPOL: MSCA GLOBAL COOPERATION: POLICY ENHANCEMENT AND STRATEGIC PROMOTION
INTERNATIONAL INTELLECTUAL PROPERTY SME HELPDESKS - SOUTH-EAST ASIA IPR HELPDESK
SUPPORT TO COMMUNICATION ACTIVITIES
EVENTS MANAGEMENT FOR THE 1ST MALAWI-EU INVESTMENT FORUM
SUPPORT DONOR COORDINATION IN UZBEKISTAN
WORKSHOP ON STRENGTHENING AFRICAN - EUROPEAN MUSEUM PARTNERSHIPS
MINING EVENTS AND BUSINESS MISSIONS
LAUNCH OF THE SAMOA AGREEMENTS REGIONAL PROTOCOL FOR THE CARIBBEAN AND SIDE EVENT WITH CSOS/YOUTH ORGANISATIONS
EAC YOUTH AMBASSADORS PLATFORM
ORGANISATION OF EU-MOZ GLOBAL GATEWAY INVESTMENT FORUM 2023
PANAP MEETINGS - "SUPPORT THE TRANSITION TOWARDS SUSTAINABLE AND RESILIENT AGRI-FOOD SYSTEMS IN AFRICA" SOUTH AFRICA DURBAN - JUNE AND SEPTEMBER 2023
TRACK II EVENTS IN YEMEN (2023-2025)
EU-AFRICA SCHOOL ON COMPETITION POLICY
EVENT SERVICES TO CONDUCT EPA BUSINESS FORUM IN NAMIBIA
FORUM DAFFAIRES SUR LE GAZ NATUREL ET LES ENERGIES RENOUVELABLES
TECHNICAL SUPPORT FOR EFSD+ OUTREACH ACTIVITIES IN NEIGHBORHOOD
GPEDC MULTI-STAKEHOLDERS TECHNICAL WORKSHOPS
EUROCLIMA AT COP27
COORDINATED ACTIVITIES ON THE SAFETY OF PRODUCTS IN THE EU/EEA COUNTRIES (CASP 2022)
PANAP CONFERENCE - GHANA 2022
STUDY ASSESSING OPTIONS TO FACILITATE EU SMES ACCESS TO INVESTMENT DISPUTE SETTLEMENT MECHANISMS UNDER EU AGREEMENTS WITH THIRD COUNTRIES
SUPPORT TO OACPS-EU PARTNERSHIP EVENTS AND SEMINARS
2020 85 04 RFS IMPLEMENTING FWC CHAFEA/2017/CP/02 COORDINATED ACTIVITIES ON CONSUMER PRODUCT SAFETY IN THE EU/EEA/EFTA COUNTRIES (CASP 2021)
COORDINATED ACTIVITIES ON THE SAFETY OF CHILD APPEALING (INCLUDING FOOD IMITATING) PRODUCTS THE EU/EEA COUNTRIES (CASP FIP2021)
European research
5 projects · 1 as coordinator · 2,778,513 EUR EU contributionProjects
MSCA-GLOPOL: MSCA Global Cooperation: Policy Enhancement and Strategic Promotion
Communication of Food, Fisheries, Agriculture and Biotechnologies research – a network to support EU-funded research projects
CommBeBiz - Communicating and Bridging BioEconomy Research to Business
Transitioning towards Urban Resilience and Sustainability
KETBIO: A novel cluster model to bring KEY ENABLING BIOTECHNOLOGY research closer to markets and society
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 31,342 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 (pre-2019)
Founded03-03-1995
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454596240
Registered
19-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.