PRAET
ActiveSummary
PRAET has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €211k and a net result of €31k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 76% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▲+13
Solvency95▲+8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 4.61 against 2.46 in 2023; short-term debt: 17.7% and cash: 14.4% of total assets), and 29.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-05-2025, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
66 d early
2023
26 d late
2022
8 d late
2021
60 d late
2020
61 d late
2019
185 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€211k▲ 17.1%
2023 · €180k
2018: €141k
2019: €158k
2020: €169k
2021: €150k
2022: €179k
2023: €180k
2018 → 2024
Total assets
€300k▲ 3.5%
2023 · €290k
2018: €206k
2019: €224k
2020: €293k
2021: €338k
2022: €320k
2023: €290k
2018 → 2024
Net result
€31k▲ 2,085%
2023 · €1k
2018: €11k
2019: €16k
2020: €21k
2021: €27k
2022: €29k
2023: €1k
2018 → 2024
Working capital
€192k▲ 19.3%
2023 · €161k
2018: €140k
2019: €157k
2020: €154k
2021: €133k
2022: €160k
2023: €161k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€169k-€150k▼ 11.3%€179k▲ 19.3%€180k▲ 0.8%€211k▲ 17.1%
Operating result€30k-€41k▲ 37.8%€48k▲ 16.7%€6k▼ 88.1%€46k▲ 704%
Net result€21k-€27k▲ 27.4%€29k▲ 8.1%€1k▼ 95.1%€31k▲ 2,085%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 704% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €300k
Fixed assets
€55k ▲ 191%
Current assets
€245k ▼ 9.6%
Equity and liabilities €300k
Equity
€211k ▲ 17.1%
Debt
€90k ▼ 18.7%
Debt's share of the balance-sheet total falls from 38.0% to 29.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€65k▲
2023 · €17k
Cash flow
€50k▲
2023 · €13k
Current ratio
4.61▲
2023 · 2.46
Quick ratio
4.38▲
2023 · 2.38
Debt to equity
0.43▼
2023 · 0.61
ROE
14.6%▲
2023 · 0.8%
ROA
10.2%▲
2023 · 0.5%
Interest coverage
19.15▲
2023 · 12.26
Debt ≤ 1 year
€53k▼
2023 · €110k
Debt > 1 year
€36k
Income taxes
€12k▲
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€290k€300k▲
Formation expenses20€0-
Fixed assets21/28€19k€55k▲
Tangible fixed assets22/27€19k€55k▲
Plant, machinery and equipment23€0-
Furniture and vehicles24€19k€55k▲
Financial fixed assets28€211€211=
Current assets29/58€271k€245k▼
Stocks and contracts in progress3€9k€12k▲
Stocks30/36€9k€12k▲
Amounts receivable within one year40/41€234k€165k▼
Trade receivables40€232k€162k▼
Other amounts receivable41€2k€3k▲
Current investments50/53€20k€20k=
Cash at bank and in hand54/58€5k€43k▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€290k€300k▲
Equity10/15€180k€211k▲
Contributions10/11€10k€10k=
Reserves13€135k€165k▲
Distributable reserves133€135k€165k▲
Profit (loss) carried forward14€35k€35k=
Amounts payable17/49€110k€90k▼
Amounts payable after more than one year17-€36k
Financial debts170/4-€36k
Amounts payable within one year42/48€110k€53k▼
Current portion of amounts payable after more than one year42€11k€10k▼
Financial debts43€2k€0▼
Credit institutions430/8€2k€0▼
Trade debts44€61k€20k▼
Suppliers440/4€61k€20k▼
Advances received on contracts in progress46€486€236▼
Taxes, remuneration and social security45€24k€10k▼
Taxes450/3€22k€10k▼
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€12k€13k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€19k▲
Other operating charges640/8€960€1k▲
Non-recurring operating charges66A€8€4▼
Gross operating margin9900€18k€66k▲
Operating profit (loss)9901€6k€46k▲
Financial income75/76B€345€324▼
Recurring financial income75€345€324▼
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€5k€43k▲
Income taxes67/77€3k€12k▲
Profit (loss) for the period9904€1k€31k▲
Profit (loss) for the period to be appropriated9905€1k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€37k€66k▲
Profit (loss) brought forward from the previous period14P€35k€35k=
Transfer to equity691/2€1k€31k▲
To other reserves6921€1k€31k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €31k ▲2,085%
Net result €31k, the highest in the series.
31-12
Financial
Equity above €200kEq €211k ▲17.1%
7 profitable years in a row build equity to €211k.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Weakest financial yearnet €1k ▼95.1%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
31-12
Financial
Equity above €150kEq €179k ▲19.3%
5 profitable years in a row build equity to €179k.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
01-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 185 days late
2019
31-12
Financial
Equity above €150kEq €158k ▲11.6%
2 profitable years in a row build equity to €158k.
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
Show earlier events
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
08-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Asse · 1 establishment unit since 1999
Ground area
285 m²
Building footprint
73 m²
Parcel 23095C0073/00W064, Flanders. Linked by address, not a title deed.
1 establishment unit
Leon Gillardlaan 21, 1731 Asse
since 19992.093.017.005
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23095C0073/00W064 | Flanders | 285 m² | 1 · 73 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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VAN VAERENBERGH DIRK
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REFRISUD
BE 0568.944.590
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JOCHEN DEBEVER
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,663. 4,784 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-09-1999
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.