Practigas
ActiveSummary
Practigas has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €490,998. Equity is growing by about 8.9% per year across the filed financial years. Its solvency ranks better than 49% of 9,797 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 13.5 FTE
- Equity
- €1.1m
- Profit
- €490,998
- Parent
- JanVL · 73.89%
- JanVLDirector · permanent representative Van Lindt Jan
- VANDERSTRAETEN JillDirector
Why 97raises riskSector: Wholesale trade (NACE 46)lowers riskFounded in 1968Liquidity: current ratio 1.70, cash €714,011Profit of €490,998 (financial year 2025)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 46, small): better than 50% on solvency, 87% on liquidity, 94% on profitability and 84% on growth.
The bankruptcy probability was computed on 29-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 38 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Equity above €1mequity €1.1m ▲23.2%
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 9% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 20,136 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 20,136 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0.01m | €0.006m | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.5m | €0.5m | €0.5m | €0.6m | €0.7m | ▲ 12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | €0.3m | ▲ 22.5% |
| Other operating charges640/8 | - | - | - | €0.02m | €0.02m | €0.02m | €0.04m | €0.04m | ▲ 7.4% |
| Non-recurring operating charges66A | - | - | - | €0.005m | €487 | - | - | €500 | - |
| Gross operating margin9900 | €0.8m | €0.8m | €0.9m | €1.0m | €1.0m | €1.1m | €1.4m | €1.5m | ▲ 5.4% |
| Operating profit (loss)9901 | €0.2m | €0.2m | €0.4m | €0.3m | €0.4m | €0.5m | €0.6m | €0.5m | ▼ 9.3% |
| Financial income75/76B | - | - | - | €0.04m | €0.05m | €0.04m | €0.05m | €0.05m | ▲ 8.7% |
| Recurring financial income75 | €0.03m | €0.03m | €0.03m | €0.04m | €0.05m | €0.04m | €0.05m | €0.05m | ▲ 8.7% |
| Financial charges65/66B | - | - | - | €0.02m | €0.008m | €0.004m | €0.02m | €0.02m | ▼ 5.6% |
| Recurring financial charges65 | €0.01m | €0.01m | €0.01m | €0.02m | €0.008m | €0.004m | €0.02m | €0.02m | ▼ 5.6% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.2m | €0.4m | €0.4m | €0.4m | €0.5m | €0.6m | €0.6m | ▼ 8.0% |
| Transfer from deferred taxes780 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 34.5% |
| Income taxes67/77 | €0.05m | €0.06m | €0.08m | €0.1m | €0.03m | €0.04m | €0.07m | €0.06m | ▼ 9.9% |
| Profit (loss) for the period9904 | €0.1m | €0.2m | €0.3m | €0.3m | €0.4m | €0.5m | €0.5m | €0.5m | ▼ 7.8% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.004m | €0.004m | €0.004m | €0.004m | €0.003m | ▼ 34.5% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.2m | €0.3m | €0.3m | €0.4m | €0.5m | €0.5m | €0.5m | ▼ 8.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.7m | €1.8m | €1.8m | €2.0m | €2.1m | €2.4m | €2.8m | €2.7m | ▼ 4.7% |
| Fixed assets21/28 | €0.7m | €0.7m | €0.7m | €0.6m | €0.7m | €1.1m | €1.3m | €1.3m | ▲ 0.2% |
| Intangible fixed assets21 | - | - | - | €0.02m | €0.01m | €0.01m | €0.007m | €0.003m | ▼ 50.1% |
| Tangible fixed assets22/27 | €0.7m | €0.7m | €0.6m | €0.6m | €0.6m | €1.1m | €1.3m | €1.3m | ▲ 0.5% |
| Land and buildings22 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 7.3% |
| Plant, machinery and equipment23 | - | - | - | €0.04m | €0.07m | €0.05m | €0.1m | €0.09m | ▼ 5.0% |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.2m | €0.6m | €0.7m | €0.8m | ▲ 6.4% |
| Other tangible fixed assets26 | - | - | - | €0.01m | €0.01m | €0.009m | €0.007m | €0.004m | ▼ 37.8% |
| Financial fixed assets28 | €0.004m | €0.004m | €0.004m | €0.004m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €0.9m | €1.2m | €1.2m | €1.4m | €1.4m | €1.3m | €1.6m | €1.4m | ▼ 8.7% |
| Stocks and contracts in progress3 | €0.05m | €0.07m | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 16.8% |
| Stocks30/36 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 16.8% |
| Amounts receivable within one year40/41 | €0.4m | €0.5m | €0.3m | €0.6m | €0.6m | €0.7m | €0.6m | €0.6m | ▲ 1.9% |
| Trade receivables40 | - | - | - | €0.6m | €0.5m | €0.6m | €0.6m | €0.5m | ▼ 11.1% |
| Other amounts receivable41 | - | - | - | €0.006m | €0.06m | €0.1m | €0.02m | €0.09m | ▲ 459% |
| Cash at bank and in hand54/58 | €0.5m | €0.6m | €0.8m | €0.6m | €0.7m | €0.5m | €0.8m | €0.7m | ▼ 14.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.006m | €0.01m | €0.008m | €0.008m | €0.008m | ▲ 1.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.7m | €1.8m | €1.8m | €2.0m | €2.1m | €2.4m | €2.8m | €2.7m | ▼ 4.7% |
| Equity10/15 | €0.6m | €0.5m | €0.5m | €0.8m | €0.6m | €0.7m | €0.9m | €1.1m | ▲ 23.2% |
| Contributions10/11 | €0.2m | €0.2m | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.4m | €0.3m | €0.3m | €0.3m | €0.4m | €0.5m | €0.7m | €0.9m | ▲ 30.2% |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.01m | €0.007m | €0.003m | - | - |
| Distributable reserves133 | - | - | - | €0.3m | €0.4m | €0.5m | €0.7m | €0.9m | ▲ 30.7% |
| Profit (loss) carried forward14 | €0.001m | €418 | €115 | €0.3m | €282 | €0.001m | €0 | €0.001m | ▲ 6,509× |
| Provisions and deferred taxes16 | - | - | €0.007m | €0.005m | €0.004m | €0.002m | €0.001m | - | - |
| Deferred taxes168 | - | - | - | €0.005m | €0.004m | €0.002m | €0.001m | - | - |
| Amounts payable17/49 | €1.0m | €1.3m | €1.3m | €1.2m | €1.5m | €1.7m | €1.9m | €1.6m | ▼ 18.2% |
| Amounts payable after more than one year17 | €0.4m | €0.5m | €0.3m | €0.3m | €0.3m | €0.4m | €0.5m | €0.7m | ▲ 32.7% |
| Financial debts170/4 | - | - | - | €0.1m | €0.09m | €0.1m | €0.3m | €0.4m | ▲ 40.9% |
| Other amounts payable178/9 | - | - | - | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 24.7% |
| Amounts payable within one year42/48 | €0.6m | €0.8m | €1.0m | €0.9m | €1.2m | €1.3m | €1.4m | €0.8m | ▼ 38.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.08m | €0.09m | €0.09m | €0.1m | ▲ 55.6% |
| Trade debts44 | €0.3m | €0.4m | €0.4m | €0.5m | €0.3m | €0.7m | €0.5m | €0.3m | ▼ 34.5% |
| Suppliers440/4 | - | - | - | €0.5m | €0.3m | €0.7m | €0.5m | €0.3m | ▼ 34.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.1m | €0.07m | €0.1m | €0.1m | ▲ 19.3% |
| Taxes450/3 | - | - | - | €0.06m | €0.08m | €0.006m | €0.04m | €0.06m | ▲ 33.0% |
| Remuneration and social security454/9 | - | - | - | €0.06m | €0.06m | €0.06m | €0.07m | €0.08m | ▲ 11.5% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.6m | €0.5m | €0.7m | €0.3m | ▼ 61.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.003m | €0.003m | €0.001m | €0.001m | €0.005m | ▲ 581% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €148,101 | €174,721 | €319,945 | €276,085 | €373,382 | €456,283 | €532,736 | €490,998 | ▼ 7.8% |
| + Depreciation and write-downs630 | €219,670 | €227,771 | €161,434 | €131,007 | €120,626 | €134,294 | €235,840 | €288,981 | ▲ 22.5% |
| Operating cash flow (approximation) | €367,771 | €402,492 | €481,380 | €407,091 | €494,008 | €590,576 | €768,575 | €779,979 | ▲ 1.5% |
| Investment in fixed assets (approximation) | - | -€162,399 | -€159,912 | -€79,967 | -€171,640 | -€573,903 | -€421,620 | -€292,123 | ▲ 30.7% |
| Change in cash | - | €152,776 | €147,318 | -€113,138 | €46,425 | -€169,461 | €315,191 | -€124,976 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 50 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 01-07-2026 | 2026-00231377 |
| 31-12-2024 | abbreviated format | 25-06-2025 | 2025-00175144 |
| 31-12-2023 | abbreviated format | 25-06-2024 | 2024-00158469 |
| 31-12-2022 | abbreviated format | 27-06-2023 | 2023-00161122 |
| 31-12-2021 | abbreviated format | 27-06-2022 | 2022-20094060 |
| 31-12-2020 | abbreviated format | 03-06-2021 | 2021-16700600 |
| 31-12-2019 | abbreviated format | 26-06-2020 | 2020-20700177 |
| 31-12-2018 | abbreviated format | 24-06-2019 | 2019-22200554 |
| 31-12-2017 | abbreviated format | 29-06-2018 | 2018-24700139 |
| 31-12-2016 | abbreviated format | 28-06-2017 | 2017-21900456 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 8 entries · €59,914 awarded · €59,778 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €17,200 | €17,063 |
| 2024 | 2 | €15,234 | €15,234 |
| 2023 | 2 | €14,701 | €14,757 |
| 2022 | 2 | €12,779 | €12,724 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| JanVL |
|
| VANDERSTRAETEN Jill |
|
| Van Lindt Marc |
|
| Van Lindt Jan |
|
Owners and capital
Owners
1 ownerChain of control
- JanVL
- Practigas
Highest known parent: JanVL. The sources do not say who stands above it.
Owners 1
- JanVLparentSourceaccounts JanVL 202573.89%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 06-11-2023 Converted to unavailable equity · €220,000
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
06-11
Gazette deed
Resignations: JanVL (niet statutaire zaakvoerder) and Van Lindt Marc (niet statutaire zaakvoerder)Permanent representative: Van Lindt Jan · Appointments: JanVL (statutory director) and VANDERSTRAETEN Jill (opvolgende statutair bestuurder) · Purpose change19 facts ▸
- General meeting, 28-09-2023
- Other provision, 09-10-2023
- Other provision, “onderwerping aan WVV en behoud rechtsvorm, statuten aanpassen aan bepalingen van het Wetboek van vennootschappen en verenigingen en rechtsvorm van de besloten v…” (deed in Dutch)
- Purpose change
- Other provision, “verslag bestuursorgaan wijziging voorwerp, vergadering ontslaat voorzitter van voorlezing verslag bestuursorgaan” (deed in Dutch)
- Director resignation, JanVL (niet statutaire zaakvoerder)
- Director resignation, Van Lindt Marc (niet statutaire zaakvoerder)
- Permanent representative, Van Lindt Jan
- Director appointment, JanVL (statutory director) (2 times)
- Director appointment, VANDERSTRAETEN Jill (opvolgende statutair bestuurder) (2 times)
- Director discharge, JanVL
- Director discharge, Van Lindt Marc
- +7 further facts in this act
21-06
Gazette deed
Resignation: Van Lindt Jan (director)Appointment: JanVL BV (director) · Permanent representative: Van Lindt Jan4 facts ▸
- General meeting, 03-01-2022
- Director resignation, Van Lindt Jan (director)
- Director appointment, JanVL BV (director)
- Permanent representative, Van Lindt Jan
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0401.339.478
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72345B1085/00B006 | Flanders | 6,795 m² | 1 · 1,286 m² | 6.8 m · 2 |
| 72025B1153/00K000 | Flanders | 210 m² | 1 · 210 m² | 13.2 m · 3 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, alle machten om op authentieke wijze statutenwijziging te doen vaststellen” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone“Indien de vennootschap zelf tot bestuurder wordt benoemd in een vennootschap, komt de bevoegdheid om een vaste vertegenwoordiger te benoemen…”
Full text
Indien de vennootschap zelf tot bestuurder wordt benoemd in een vennootschap, komt de bevoegdheid om een vaste vertegenwoordiger te benoemen toe aan het bestuursorgaan. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan hem toegekend, met de mogelijkheid een deel van deze bevoegdheden te delegeren. Indien de vennootschap door meer dan één bestuurder wordt bestuurd, mag iedere bestuurder, alleen optredend, alle handelingen stellen die nodig of nuttig zijn voor de verwezenlijking van het voorwerp van de vennootschap, behalve deze die de wet of de statuten aan de algemene vergadering voorbehouden. Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. Hij kan bijzondere machten toekennen aan elke mandataris. Alleen bijzondere en beperkte volmachten voor bepaalde of voor een reeks van bepaalde rechtshandelingen zijn geoorloofd. De bijzondere lasthebbers verbinden de vennootschap binnen de perken van de hun verleende volmacht. Het bestuursorgaan is tevens bevoegd om een intern reglement op te stellen.
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, met of zonder beperking van duur” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Na aftrek van rechten waarvan overdracht wordt voorgesteld, procedure- en expertisekosten voor helft ten laste overdrager en andere helft…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of June at 15:00