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PRACTO

Active Private limited companyfounded 2009active for 17 yearsNokerseweg 168, 8790 WaregemKBO/BCE: BE 0809.958.512

Overview

Lifetime

16 annual accounts with figures on one time axis
peak €37,957 (2016)
-€440▲ €9
lowest -€17,496 (2015)
-€2,817▼ €117
peak €72,480 (2023)
€66,964▼ 4.0%
€31,871▲ 6.6%
Board2 names since 2021
Documentsfilings and deeds
10-06-202651 days before the deadline
2025micro format
Loss of €2,817

Key points

from the 2025 annual accounts

Losses

-€5,517 in two years
-2,7002024-2,8172025

The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.

Filings

16 annual accounts since 2010
AprilJune31 JulyOctober2010201520202025

The last five annual accounts were filed 37 to 51 days before the end of the period.

Turnover not published (micro format)

Checked score

88
Excellent
Financially stronger than 43% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.1%● unchanged vs 02-2025lowest value 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026highest value 08-2026: 0.2%● unchanged vs 07-2026highest value 09-2026: 0.2%● unchanged vs 08-2026highest value 10-2026: 0.2%● unchanged vs 09-2026highest value 11-2026: 0.2%● unchanged vs 10-2026highest value

Financial strength
Average

93-2equity 67.8% of total assets
40-3short-term debt 32.2% · cash 3.2%
30-1return on assets -2.8%

Score breakdown

raises risk
Liquidity: current ratio 0.15, cash €3,192
lowers risk
Size: total assets €98,835
Founded in 2009
Sector: Real estate activities (NACE 68)
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 68, micro). It does better than 76% of them on solvency, 33% on liquidity, 26% on profitability and 36% on growth.

The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 6,908 companies had the same profile as PRACTO has now. Each dot stands for 18 companies, two years later.

90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of PRACTO itself: 0.2% within 12 months.

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 6,908 companies, not a prediction for PRACTO. 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 €5,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.15 (0.19 in 2024), below 1. Short-term debt is 32.2% and cash 3.2% of total assets. 32.2% 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 riskneutral
lowers risk · Size: total assets €98,835
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 2009
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Sector: Real estate activities (NACE 68)
KBO
raises risk · Liquidity: current ratio 0.15, cash €3,192
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2,817
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
51 days early
2024
44 days early
2023
37 days early
2022
39 days early
2021
41 days early
2020
33 days early
2019
37 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 40 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

AD
Director, since 11-10-2021
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0809958512
Company renamed from CASIBEL to PRACTO Change of role: Alexander De Brabandere, from manager to director · Director discharge: Alexander De Brabandere · Gazette deed
Resignation: Martine Bohez (director) Appointment: Alexander De Brabandere (director) · General meeting of 11-10-2021 · Gazette deed
Incorporation published on 03-03-2009 · Gazette deed
All 23 events

Comparable companies

same main activity, similar in size and age
Company
PRACTO Waregem €98,835 -€440 67.8% -
't PAKHUIS Bruges €86,866 -€9,854 39.9% -
J.P.B.C Courcelles €117,185 -€1,653 68.7% -
C.B.M.C. Seraing €115,952 -€9,107 98.6% -
FRUN PARK ANS Bruges €67,181 -€65,579 -1060.1% -
ASTRID JEWELRY Antwerp €91,758 -€973 -88.9% -
Stones & Design Pajottegem €129,739 -€2,097 -1.9% 0

These companies have the same main activity as PRACTO: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €67,200 and €130,000, founded between 2006 and 2012.

Official details

Source: KBO
Status
Active since 12-02-2009Normal situation
Activity
Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 1 other
Establishment unit
2.177.717.5048790 Waregem, since 12-02-2009
Financial year end
31 December
Peppol
Reachable since 23-12-2025
Company details

Annual accounts 2025

-€440▲ 1.9%
€2,817▲ 4.3%
€66,964▼ 4.0%
€98,835▼ 0.8%
Filing
Filed on 10-06-2026, 51 days before the end of the filing period
Financials

Insights on PRACTO

PRACTO files the micro format. That format states no turnover. The gross margin rose from -€4,210 in 2010 to -€440 in 2025.

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

Financials

Annual accounts 2025

micro format, filed on 10-06-2026, 51 days before the deadline
-€440
▲ €9
-€568
▲ €7
-€2,817
▼ €117
-€27,089
▼ €2,817
67.8%
▼ 2.3 percentage points
0.15
▼ 0.04

Turnover and EBIT margin are not published. The micro format does not require them.

Balance sheet

balance sheet total €98,835 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

67.8%

Higher than 78% of 17,185 companies in 2025.

0.15

Higher than 15% of 16,482 companies in 2025.

-2.8%

Higher than 22% of 16,861 companies in 2025.

PRACTO Middle half of the sector 80% of the sector Micro accounts in real estate (NACE 68)

Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010
Balance sheet: assets
20/58 98,83599,673110,448108,225109,613105,199107,626119,22098,207138,338100,508101,125101,730102,319103,044103,619
21/28 94,05394,05394,05394,05394,05394,05394,05394,05393,00093,00093,00093,00093,00093,00093,00093,000
22/27 94,05394,05394,05394,05394,05394,05394,05394,05393,00093,00093,00093,00093,00093,00093,00093,000
22 1,0531,0531,0531,0531,0531,0531,0531,053--------
26 93,00093,00093,00093,00093,00093,00093,00093,00093,00093,00093,00093,00093,00093,00093,00093,000
29/58 4,7835,62016,39514,17315,56011,14613,57325,1675,20745,3387,5088,1258,7309,31910,04410,619
40/41 1,5901,5902,5801,95113,7762,8355,30114,7703,95332,815-363--
40 --1,000-12,0062,83234311,809-32,575------
41 1,5901,5901,5801,9511,77134,9582,9623,953240-363--
54/58 3,1924,03013,81612,2221,7848,3118,27210,3971,25412,5237,4838,1228,7249,31610,04410,619
490/1 ----------25-----
Balance sheet: equity and liabilities
10/49 98,83599,673110,448108,225109,613105,199107,626119,22098,207138,338100,508101,125101,730102,319103,044103,619
10/15 66,96469,78172,48071,50462,26252,53338,33123,6449,846-6,905-33,976-16,480-13,568-10,719-7,777-5,030
10/11 12,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,400
100 ------18,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
101 ------6,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
13 54,56457,38160,08059,10449,86240,13325,93111,244--------
130/1 ----1,8601,860----------
130 ------1,8601,860--------
1311 ----1,860-----------
1319 -----1,860----------
133 54,56457,38160,08059,10448,00238,27324,0719,384--------
14 ---------2,554-19,305-46,376-28,880-25,968-23,119-20,177-17,430
17/49 31,87129,89237,96736,72147,35152,66669,29495,57588,361145,243134,484117,604115,298113,038110,821108,648
42/48 31,87129,89237,96736,72147,35152,66669,29495,57588,361145,243134,484117,604115,298113,038110,821108,648
44 0128115502111-----------
440/4 0128115502111-----------
45 --173-2,528965----------
450/3 --173-2,528965----------
47/48 31,87129,76437,67936,21944,71251,70169,29495,57588,361145,243134,484117,604115,298113,038110,821108,648
Income statement
9900 -440-4492,91613,96315,12521,48526,69825,83825,01537,957-476-476-475-619-466-4,210
630 -------105-------9,325
640/8 12812611511211110910710510310310210198959393
9901 -568-5752,80113,85115,01421,37626,59125,62724,91237,854-578-577-573-714-559-13,628
75/76B ----------6715202120
75 ----------6715202120
65/66B 2,2482,1251,4991,5472,0542,4515,7597,1158,16110,78316,9222,3392,2942,2502,2063,819
65 2,2482,1251,4991,5472,0542,4515,7597,1158,16110,78316,9222,3392,2942,2502,2063,819
9903 -2,817-2,7001,30212,30512,96018,92520,83218,51316,75027,071-17,495-2,910-2,853-2,944-2,744-17,427
67/77 --3253,0623,2314,7236,1454,714--12-3-333
9904 -2,817-2,7009769,2429,72914,20114,68713,79916,75027,071-17,496-2,912-2,849-2,941-2,747-17,430
9905 -2,817-2,7009769,2429,72914,20114,68713,79916,75027,071-17,496-2,912-2,849-2,941-2,747-17,430
Appropriation of the result
9906 -2,817-2,7009769,2429,72914,20114,68711,244-2,554-19,305-46,376-28,880-25,968-23,119-20,177-17,430
791/2 2,8172,700--------------
691/2 --9769,2429,72914,20114,68711,244--------
6920 -------1,860--------
6921 --9769,2429,72914,20114,6879,384--------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 2 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 2025 (PDF), filed on 10-06-2026.

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
31-12-2025 micro format 10-06-2026 2026-00150476 PDF
31-12-2024 micro format 17-06-2025 2025-00147724 PDF
31-12-2023 micro format 24-06-2024 2024-00156863 PDF
31-12-2022 micro format 22-06-2023 2023-00148566 PDF
31-12-2021 micro format 20-06-2022 2022-20074545 PDF
31-12-2020 micro format 28-06-2021 2021-25400334 PDF
31-12-2019 micro format 24-06-2020 2020-20000013 PDF
31-12-2018 micro format 17-06-2019 2019-18900270 PDF
31-12-2017 micro format 11-06-2018 2018-17600072 PDF
31-12-2016 micro format 23-06-2017 2017-21400457 PDF
31-12-2015 abbreviated format 22-06-2016 2016-20700359 PDF
31-12-2014 abbreviated format 27-06-2015 2015-23300072 PDF
31-12-2013 abbreviated format 26-06-2014 2014-22300344 PDF
31-12-2012 abbreviated format 25-06-2013 2013-21400486 PDF
31-12-2011 abbreviated format 22-06-2012 2012-20700586 PDF
31-12-2010 abbreviated format 19-06-2011 2011-18100373 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010
-------25,733--------4,303
-------13,904--------8,105
-------1,053-------93,000
-838-9,7851,59310,439-6,52739-2,1259,143-11,2705,040-638-603-592-728-574-
-27,089-24,272-21,572-22,549-31,791-41,520-55,721-70,408-83,154-99,905-126,976-109,480-106,568-103,719-100,777-98,030
67.8%70.0%65.6%66.1%56.8%49.9%35.6%19.8%10.0%-5.0%-33.8%-16.3%-13.3%-10.5%-7.5%-4.9%
0.150.190.430.390.330.210.200.260.060.310.060.070.080.080.090.10
0.480.430.520.510.761.001.814.048.97-------
-4.2%-3.9%1.3%12.9%15.6%27.0%38.3%58.4%170.1%-------
-2.8%-2.7%0.9%8.5%8.9%13.5%13.6%11.6%17.1%19.6%-17.4%-2.9%-2.8%-2.9%-2.7%-16.8%

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.

Insights on PRACTO

The operating result for 2025 is a loss of €568, smaller than the loss of €575 in 2024.

Debt's share of the balance-sheet total rises from 30.0% to 32.2%. Equity is lower and debt is higher.

Board & ownership

Board

1 director, last change in 2022
Director (not named in the articles)
since 11-10-2021 term without a fixed end
earlier manager, until 22-07-2022
listed in the 2025 annual accounts, filed on 10-06-2026

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
Alexander De Brabandere
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • Alexander De Brabandere
    • Director, from 11-10-2021 to 22-07-2022
    • Director (not named in the articles), appointed by deed of 22-07-2022, still in office
  • Martine Bohez
    • Director, until 11-10-2021

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

Control

Capital

Contribution
€12,400
Source
2025 annual accounts

Articles of association

deed of 22-07-2022 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of June at 18:00

Network & group

No group

PRACTO has no parent and no holdings in its annual accounts. Alexander De Brabandere is the only director. PRACTO shares no director with another company.

At the same address

Nokerseweg 168, 8790 Waregem · 3 other companies
SALICK
registered office since 05-07-2010 · founded in 2010
9.9 FTE (2025)
0827.536.494
JADE
registered office since 14-12-2024
founded in 2024
1019.794.751
Justalex
registered office since 01-11-2018
founded in 2018
0713.614.746

Timeline

Timeline

23 events since 2009

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFmicro format · 51 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0809958512
Annual accounts 2024 filed PDFmicro format · 44 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 37 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 39 days before the deadline
2022
Company renamed from CASIBEL to PRACTOChange of role: Alexander De Brabandere, from manager to director · Director discharge: Alexander De Brabandere4 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFmicro format · 41 days before the deadline
2021
Resignation: Martine Bohez (director)Appointment: Alexander De Brabandere (director) · General meeting of 11-10-20213 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2020 filed PDFmicro format · 33 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 37 days before the deadline
2019
Annual accounts 2018 filed PDFmicro format · 44 days before the deadline
2018
Annual accounts 2017 filed PDFmicro format · 50 days before the deadline
2017
Annual accounts 2016 filed PDFmicro format · 38 days before the deadline
2016
Back to profit net €27,071 The net result is €27,071, after 6 loss-making years.
Annual accounts 2015 filed PDFabbreviated format · 39 days before the deadline
2015
Weakest financial year net -€17,496 The net result drops to -€17,496, the lowest from 2010 to 2025. It recovers the following year.
Annual accounts 2014 filed PDFabbreviated format · 34 days before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 35 days before the deadline
2013
Annual accounts 2012 filed PDFabbreviated format · 36 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 39 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 42 days before the deadline
2009
Incorporation PDFpublished on 03-03-2009
First establishment Casibel, Nokerseweg 168, Waregem

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

PRACTO was incorporated on 12 February 2009.1 In 2022 the company took the name PRACTO.2 Total assets fell from €119,220 in 2018 to €98,835 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 22-07-2022
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0809.958.512
VAT number
BE 0809.958.512
Peppol ID
0208:0809958512
Legal form
Private limited company
Status
Active, normal situation
Founded
12-02-2009
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of June at 18:00
deed of 22-07-2022 (in Dutch)
Peppol
Reachable since 23-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
PRACTO in Dutch
Former name
CASIBEL until the deed of 22-07-2022
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 22-07-2022 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Nokerseweg 168, 8790 Waregem”
deed of 22-07-2022 (in Dutch)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
68203 Real estate rental main activity
68204 Real estate activities

Registered office and establishments

1 establishment
Establishment Since Unit number
Casibel registered office Nokerseweg 168, 8790 Waregem 46150 Agents in the wholesale of furniture, household goods and hardware 12-02-2009 2.177.717.504

Buildings and parcels at the address

Ground area
2,679 m²
Buildings
262 m²
Volume, LiDAR
1,307 m³
Tallest building
8.1 m
Buildings to scale, each on its own parcel
262 m², 8.1 m 262 m², 8.1 m

Location

registered office establishment The establishment unit on the map
4 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
34452B0224/00D0022,679 m² 1 · 262 m² 8.1 m · 2