Practigas
ActivePractigas has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.15M and a net result of €491k. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 48% of 7921 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
86
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency80▲+25
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 1.7 against 1.14 in 2024), but 57.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
42.3%
Return on assets
18.1%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
36 d early
2023
36 d early
2022
34 d early
2021
34 d early
2020
58 d early
2019
35 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.15M▲ 23.2%
2024 · €933k
2018: €640k
2019: €514k
2020: €534k
2021: €810k
2022: €584k
2023: €715k
2024: €933k
2018 → 2025
Total assets
€2.71M▼ 4.7%
2024 · €2.85M
2018: €1.65M
2019: €1.82M
2020: €1.84M
2021: €1.98M
2022: €2.05M
2023: €2.41M
2024: €2.85M
2018 → 2025
Net result
€491k▼ 7.8%
2024 · €533k
2018: €148k
2019: €175k
2020: €320k
2021: €276k
2022: €373k
2023: €456k
2024: €533k
2018 → 2025
Working capital
€589k▲ 201%
2024 · €196k
2018: €365k
2019: €331k
2020: €215k
2021: €475k
2022: €224k
2023: €2k
2024: €196k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€810k-€584k▼ 28.0%€715k▲ 22.5%€933k▲ 30.4%€1.15M▲ 23.2%
Operating result€348k-€356k▲ 2.4%€459k▲ 28.7%€572k▲ 24.7%€519k▼ 9.3%
Net result€276k-€373k▲ 35.2%€456k▲ 22.2%€533k▲ 16.8%€491k▼ 7.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.71M
Fixed assets
€1.28M▲ 0.2%
Current assets
€1.43M▼ 8.7%
Equity and liabilities €2.71M
Equity
€1.15M▲ 23.2%
Provisions
€0▼ 100%
Debt
€1.56M▼ 18.2%
The debt ratio falls from 67.2% to 57.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€808k=
2024 · €808k
Cash flow
€780k▲
2024 · €769k
Solvency
42.3%▲
2024 · 32.8%
Current ratio
1.70▲
2024 · 1.14
Quick ratio
1.56▲
2024 · 1.04
Debt / equity
1.36▼
2024 · 2.05
ROE
42.7%▼
2024 · 57.1%
ROA
18.1%▼
2024 · 18.7%
Interest coverage
49.69▲
2024 · 46.90
Debt
€1.56M▼
2024 · €1.91M
Debt ≤ 1 year
€844k▼
2024 · €1.37M
Debt > 1 year
€715k▲
2024 · €539k
Income taxes
€63k▼
2024 · €70k
Staff costs
€655k▲
2024 · €582k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.85M€2.71M▼
Fixed assets21/28€1.28M€1.28M▲
Intangible fixed assets21€7k€3k▼
Tangible fixed assets22/27€1.27M€1.28M▲
Land and buildings22€446k€414k▼
Plant, machinery and equipment23€95k€91k▼
Furniture and vehicles24€722k€768k▲
Other tangible fixed assets26€7k€4k▼
Financial fixed assets28€1k€1k=
Current assets29/58€1.57M€1.43M▼
Stocks and contracts in progress3€141k€117k▼
Stocks30/36€141k€117k▼
Amounts receivable within one year40/41€582k€594k▲
Trade receivables40€566k€503k▼
Other amounts receivable41€16k€90k▲
Cash at bank and in hand54/58€839k€714k▼
Deferred charges and accrued income490/1€8k€8k▲
Equity and liabilities
Total equity and liabilities10/49€2.85M€2.71M▼
Equity10/15€933k€1.15M▲
Contributions10/11€220k€220k=
Reserves13€713k€928k▲
Tax-exempt reserves132€3k-
Distributable reserves133€710k€928k▲
Profit (loss) carried forward14€0€846▲
Provisions and deferred taxes16€949-
Deferred taxes168€949-
Amounts payable17/49€1.91M€1.56M▼
Amounts payable after more than one year17€539k€715k▲
Financial debts170/4€266k€375k▲
Other amounts payable178/9€273k€340k▲
Amounts payable within one year42/48€1.37M€844k▼
Current portion of amounts payable after more than one year42€86k€134k▲
Trade debts44€455k€298k▼
Suppliers440/4€455k€298k▼
Taxes, remuneration and social security45€116k€138k▲
Taxes450/3€42k€56k▲
Remuneration and social security454/9€74k€82k▲
Other amounts payable47/48€718k€275k▼
Accrued charges and deferred income492/3€775€5k▲
Income statement
Code20242025
Remuneration, social security and pensions62€582k€655k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€236k€289k▲
Other operating charges640/8€35k€38k▲
Non-recurring operating charges66A-€500
Gross operating margin9900€1.42M€1.50M▲
Operating profit (loss)9901€572k€519k▼
Financial income75/76B€47k€51k▲
Recurring financial income75€47k€51k▲
Financial charges65/66B€17k€16k▼
Recurring financial charges65€17k€16k▼
Profit (loss) for the period before taxes9903€601k€553k▼
Transfer from deferred taxes780€1k€949▼
Income taxes67/77€70k€63k▼
Profit (loss) for the period9904€533k€491k▼
Transfer from tax-exempt reserves789€4k€3k▼
Profit (loss) for the period to be appropriated9905€537k€494k▼
Appropriation of the result
Profit (loss) to be appropriated9906€538k€494k▼
Profit (loss) brought forward from the previous period14P€914€0▼
Transfer to equity691/2€223k€218k▼
To other reserves6921€223k€218k▼
Profit to be distributed694/7€315k€275k▼
Directors or managers695€315k€275k▼
Social balance
Average headcount (FTE)908712.013.5▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €1MEq €1.15M ▲23.2%
8 profitable years in a row build equity to €1.15M.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €533k ▲16.8%
Operating result €572k, net result €533k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Lommel · 2 establishment units since 1965
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Waterrijtstraat 473920 LommelGround area
7,005 m²
Building footprint
1,496 m²
Volume, LiDAR
9,651 m³
2 parcels, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
PRACTIGAS
since 19652.000.413.182
De Zandberg B&B en vakantiewoning
since 20182.321.233.754
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72345B1085/00B006 | Flanders | 6,795 m² | 1 · 1,286 m² | 6.8 m · 2 fl. |
| 72025B1153/00K000 | Flanders | 210 m² | 1 · 210 m² | 13.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 2025 · 8 entries · 59,914 EUR awarded · 59,778 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 17,200 EUR | 17,063 EUR |
| 2024 | 2 | 15,234 EUR | 15,234 EUR |
| 2023 | 2 | 14,701 EUR | 14,757 EUR |
| 2022 | 2 | 12,779 EUR | 12,724 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 838 companies in sector 46810 we hold annual accounts for 473. 349 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
46810Wholesale of solid, liquid and gaseous fuels and related products
42219Civil engineering
43240Other construction installation
43299Specialised construction activities
55203Holiday cottages, homes and apartments
55232
Sources
Crossroads Bank for EnterprisesNational Bank · 50 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.