PRAGMA CONSTRUCT
ActiveSummary
PRAGMA CONSTRUCT has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €128k and a net result of €8k. Its solvency ranks better than 15% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes
Profitability62
Solvency39
Growth-
Track record67
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days only on tighter terms
Liquidity short (current ratio 0.87; short-term debt: 63.8% and cash: 1.5% of total assets), and 85.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
14.1%
Return on assets
0.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 7777 sector peers (2025).
NBB · sector comparisonPosition among 7777 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-08-2026, 23 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filingDeviation from the deadline
2025
23 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
€128k
Total assets
€910k
Net result
€8k
Working capital
€-77k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
Assets €910k
Fixed assets
€406k
Current assets
€504k
Equity and liabilities €910k
Equity
€128k
Debt
€782k
Debt finances 85.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€27k
Cash flow
€19k
Current ratio
0.87
Debt to equity
6.11
ROE
6.2%
ROA
0.9%
Interest coverage
5.04
Debt ≤ 1 year
€581k
Debt > 1 year
€172k
Income taxes
€2k
Filed annual accounts As filed with the NBB · 2025 · 40 lines
Balance sheet
Code2025
Assets
Total assets20/58€910k
Fixed assets21/28€406k
Tangible fixed assets22/27€306k
Plant, machinery and equipment23€306k
Financial fixed assets28€100k
Current assets29/58€504k
Amounts receivable within one year40/41€490k
Trade receivables40€476k
Other amounts receivable41€14k
Cash at bank and in hand54/58€14k
Deferred charges and accrued income490/1€179
Equity and liabilities
Total equity and liabilities10/49€910k
Equity10/15€128k
Contributions10/11€120k
Reserves13€8k
Distributable reserves133€8k
Amounts payable17/49€782k
Amounts payable after more than one year17€172k
Financial debts170/4€172k
Amounts payable within one year42/48€581k
Current portion of amounts payable after more than one year42€43k
Trade debts44€270k
Suppliers440/4€270k
Taxes, remuneration and social security45€2k
Taxes450/3€2k
Other amounts payable47/48€266k
Accrued charges and deferred income492/3€29k
Income statement
Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k
Other operating charges640/8€128
Gross operating margin9900€27k
Operating profit (loss)9901€15k
Financial charges65/66B€5k
Recurring financial charges65€5k
Profit (loss) for the period before taxes9903€10k
Income taxes67/77€2k
Profit (loss) for the period9904€8k
Profit (loss) for the period to be appropriated9905€8k
Appropriation of the result
Profit (loss) to be appropriated9906€8k
Transfer to equity691/2€8k
To other reserves6921€8k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
23-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 23 days late
12-08
State Gazette act
Appointment: Thomas Van Damme (non-statutory director)Mandate compensation3 facts ▸
State Gazette act
Appointment: Thomas Van Damme (non-statutory director)
Mandate compensation3 facts ▸
- General meeting, 26/02/2025
- Director appointment, Thomas Van Damme (non-statutory director)
- Mandate compensation, Thomas Van Damme
State Gazette actNBB filing
Directors · office · real estate
Directors
1 director, no change since 2025
Thomas Van Damme
CurrentNon-statutory director · since 26-02-2025
26-02-2025
Appointed as Non-statutory director
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2024
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.
Dumolinlaan(Kor) 18500 KortrijkGround area
2,779 m²
Building footprint
39 m²
Parcel 34022E0689/00W002, Flanders. Linked by address, not a title deed.
1 establishment unit
Dumolinlaan(Kor) 1, 8500 Kortrijk
since 20242.368.418.316
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0689/00W002 | Flanders | 2,779 m² | 1 · 39 m² | 0.0 m |
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
TERRASSEMENT MIKE PELZER
BE 0715.398.556
Dalhem · Eq €128,226
JET COMPANY
BE 0873.503.608
Temse · Eq €127,610
I&S
BE 0747.663.726
As · Eq €127,597
DELATTRE TERRASSEMENT
BE 0671.953.642
Péruwelz · Eq €128,557
AQUATECH TRAITEMENT DES EAUX
BE 0872.566.072
Courcelles · Eq €128,566
Of 8,455 companies in sector 43120 we hold annual accounts for 3,233. 2,662 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
Founded18-12-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
41003General construction of other non-residential buildings
42990Civil engineering
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.pragmaconstruct.com
E-mail:invoices@pragmaconstruct.com