PRAESENS DEVELOPMENT
ActiveSummary
PRAESENS DEVELOPMENT has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€88,308) and a net result of -€17,403. Equity is shrinking by ~94.8% per year across the filed fiscal years. Its solvency ranks better than 8% of 81 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
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Signals
This company filed its last 3 accounts on average 70 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, abbreviated schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 29, Manufacture of motor vehicles, trailers and semi-trailers, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 1,253 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 96% are still going.
- Small
- 2 to 5 years old
- negative equity
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 1,253 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €341 | €749 | €749 | = |
| Other operating charges640/8 | €485 | €440 | €1,884 | ▲ 328% |
| Gross operating margin9900 | -€14,417 | -€115,742 | -€14,597 | ▲ 87.4% |
| Operating profit (loss)9901 | -€15,244 | -€116,931 | -€17,230 | ▲ 85.3% |
| Financial income75/76B | €0 | - | €0 | - |
| Recurring financial income75 | €0 | - | €0 | - |
| Financial charges65/66B | €96 | €135 | €172 | ▲ 27.7% |
| Recurring financial charges65 | €96 | €135 | €172 | ▲ 27.7% |
| Profit (loss) for the period before taxes9903 | -€15,340 | -€117,066 | -€17,403 | ▲ 85.1% |
| Profit (loss) for the period9904 | -€15,340 | -€117,066 | -€17,403 | ▲ 85.1% |
| Profit (loss) for the period to be appropriated9905 | -€15,340 | -€117,066 | -€17,403 | ▲ 85.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.7m | €1.4m | €1.8m | ▲ 21.4% |
| Fixed assets21/28 | €3,646 | €2,897 | €2,148 | ▼ 25.9% |
| Tangible fixed assets22/27 | €1,906 | €1,157 | €408 | ▼ 64.7% |
| Furniture and vehicles24 | €1,906 | €1,157 | €408 | ▼ 64.7% |
| Financial fixed assets28 | €1,740 | €1,740 | €1,740 | = |
| Current assets29/58 | €1.7m | €1.4m | €1.8m | ▲ 21.5% |
| Stocks and contracts in progress3 | €958,083 | €1.0m | €1.4m | ▲ 37.0% |
| Contracts in progress37 | €958,083 | €1.0m | €1.4m | ▲ 37.0% |
| Amounts receivable within one year40/41 | €471,633 | €219,422 | €72,760 | ▼ 66.8% |
| Trade receivables40 | €468,900 | €148,195 | - | - |
| Other amounts receivable41 | €2,733 | €71,227 | €72,760 | ▲ 2.2% |
| Cash at bank and in hand54/58 | €97,597 | €39,751 | €14,103 | ▼ 64.5% |
| Deferred charges and accrued income490/1 | €140,000 | €155,561 | €258,262 | ▲ 66.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.7m | €1.4m | €1.8m | ▲ 21.4% |
| Equity10/15 | €46,160 | -€70,905 | -€88,308 | ▼ 24.5% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | = |
| Profit (loss) carried forward14 | -€15,340 | -€132,405 | -€149,808 | ▼ 13.1% |
| Amounts payable17/49 | €1.6m | €1.5m | €1.8m | ▲ 21.6% |
| Amounts payable within one year42/48 | €606,236 | €496,355 | €363,621 | ▼ 26.7% |
| Trade debts44 | €606,236 | €496,355 | €363,621 | ▼ 26.7% |
| Suppliers440/4 | €606,236 | €496,355 | €363,621 | ▼ 26.7% |
| Accrued charges and deferred income492/3 | €1.0m | €1.0m | €1.5m | ▲ 45.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,340 | -€117,066 | -€17,403 | ▲ 85.1% |
| + Depreciation and write-downs630 | €341 | €749 | €749 | = |
| Operating cash flow (approximation) | -€14,999 | -€116,317 | -€16,654 | ▲ 85.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€57,847 | -€25,648 | ▲ 55.7% |
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
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25112C0033/02C000 | Wallonia | 2.5 ha | 1 · 7,096 m² | 9.1 m · 3 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.