PRAGMA CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of PRAGMA CONSTRUCT is 1.8% (moderate). The 2025 annual accounts show equity of €127,986 and a net result of €7,986. Its solvency ranks better than 15% of 9,760 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €127,986
- Profit
- €7,986
Why 53raises riskFounded in 20241 change of registered office in 24 monthslowers riskFigures for financial year 2025 (filed 23-08-2026)Size: total assets €910,305Show the evidence
Checked score
About 2 in 100 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 43, micro): better than 17% on solvency, 10% on liquidity and 30% on profitability.
The bankruptcy probability was computed on 21-10-2026 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
Searched, nothing found (1)
- Registered officeRegistered-office move
- Annual accounts filedfinancial year 2025 · abbreviated…
- Appointment: Thomas Van Damme (director)Gazette deed
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (23 days) Filed on 23 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00419481.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Peer companies
Historical observationOf the 12,107 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97.3% are still going.
- Small
- solvency 10 to 30%
- a profit under 5% of the balance sheet
- without age
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.8% 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 497,473 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% | 1.0% |
| 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 12,107 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 | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,268 |
| Other operating charges640/8 | €128 |
| Gross operating margin9900 | €26,639 |
| Operating profit (loss)9901 | €15,242 |
| Financial charges65/66B | €5,259 |
| Recurring financial charges65 | €5,259 |
| Profit (loss) for the period before taxes9903 | €9,983 |
| Income taxes67/77 | €1,997 |
| Profit (loss) for the period9904 | €7,986 |
| Profit (loss) for the period to be appropriated9905 | €7,986 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €910,305 | |
| Fixed assets21/28 | €406,356 | |
| Tangible fixed assets22/27 | €306,356 | |
| Plant, machinery and equipment23 | €306,356 | |
| Financial fixed assets28 | €100,000 | |
| Current assets29/58 | €503,949 | |
| Amounts receivable within one year40/41 | €489,813 | |
| Trade receivables40 | €475,912 | |
| Other amounts receivable41 | €13,901 | |
| Cash at bank and in hand54/58 | €13,956 | |
| Deferred charges and accrued income490/1 | €179 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €910,305 | |
| Equity10/15 | €127,986 | |
| Contributions10/11 | €120,000 | |
| Reserves13 | €7,986 | |
| Distributable reserves133 | €7,986 | |
| Amounts payable17/49 | €782,318 | |
| Amounts payable after more than one year17 | €172,202 | |
| Financial debts170/4 | €172,202 | |
| Amounts payable within one year42/48 | €580,929 | |
| Current portion of amounts payable after more than one year42 | €42,798 | |
| Trade debts44 | €270,278 | |
| Suppliers440/4 | €270,278 | |
| Taxes, remuneration and social security45 | €1,997 | |
| Taxes450/3 | €1,997 | |
| Other amounts payable47/48 | €265,856 | |
| Accrued charges and deferred income492/3 | €29,188 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €7,986 |
| + Depreciation and write-downs630 | €11,268 |
| Operating cash flow (approximation) | €19,255 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 23-08-2026 | 2026-00419481 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Thomas Van Damme |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
15-10
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 02-06-2026
- Registered-office move, Nijverheidstraat 28, 8710 Wielsbeke
12-08
Gazette deed
Appointment: Thomas Van Damme (director)2 facts ▸
- General meeting, 26-02-2025
- Director appointment, Thomas Van Damme (director (not named in the articles))
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 22 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 1017.618.288
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 37017B0147/00D000 | Flanders | 9,825 m² | 1 · 1,901 m² | 0.1 m |