Pragma Consult
ActivePragma Consult has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €86k. Equity is shrinking by ~23.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 21% of 179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency18▲+1
Growth58=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.98 against 0.88 in 2024), and 89.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Sector 63
lower
← 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
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
10.8%
Return on assets
45.2%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 179 sector peers (2025).
NBB · sector comparisonPosition among 179 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-03-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
26 d early
2023
41 d early
2022
45 d early
2021
37 d early
2020
39 d early
2019
44 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€86k▲ 35.3%
2024 · €64k
2018: €4k
2019: €12k
2020: €-18k
2021: €13k
2022: €21k
2023: €110k
2024: €64k
2018 → 2025
Working capital
€-3k▲ 80.7%
2024 · €-17k
2018: €100k
2019: €123k
2020: €117k
2021: €38k
2022: €42k
2023: €-33k
2024: €-17k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€82k-€78k▼ 5.3%€21k▼ 73.3%€21k▼ 0.9%€21k=
Operating result€15k-€30k▲ 98.1%€150k▲ 400%€87k▼ 41.6%€118k▲ 35.4%
Net result€13k-€21k▲ 55.6%€110k▲ 431%€64k▼ 41.9%€86k▲ 35.3%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 35% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €191k
Fixed assets
€24k▼ 37.8%
Current assets
€167k▲ 28.2%
Equity and liabilities €191k
Equity
€21k=
Debt
€170k▲ 14.8%
The debt ratio rises from 87.8% to 89.2%: debt grows faster than equity.
Key figures and ratios
EBITDA
€134k▲
2024 · €104k
Cash flow
€102k▲
2024 · €80k
Solvency
10.8%▼
2024 · 12.2%
Current ratio
0.98▲
2024 · 0.88
Quick ratio
0.98▲
2024 · 0.88
Debt / equity
8.27▲
2024 · 7.21
ROE
418.8%▲
2024 · 309.5%
ROA
45.2%▲
2024 · 37.7%
Interest coverage
241.65▼
2024 · 475.99
Debt
€170k▲
2024 · €149k
Debt ≤ 1 year
€170k▲
2024 · €147k
Income taxes
€32k▲
2024 · €25k
Staff costs
€45k▲
2024 · €44k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€169k€191k▲
Fixed assets21/28€39k€24k▼
Intangible fixed assets21€37k€23k▼
Tangible fixed assets22/27€1k€1k▼
Furniture and vehicles24€1k€1k▼
Current assets29/58€130k€167k▲
Amounts receivable within one year40/41€115k€88k▼
Trade receivables40€108k€88k▼
Other amounts receivable41€7k-
Cash at bank and in hand54/58€14k€78k▲
Deferred charges and accrued income490/1€667€451▼
Equity and liabilities
Total equity and liabilities10/49€169k€191k▲
Equity10/15€21k€21k=
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€154€154▼
Amounts payable17/49€149k€170k▲
Amounts payable after more than one year17€959-
Other amounts payable178/9€959-
Amounts payable within one year42/48€147k€170k▲
Trade debts44€78k€72k▼
Suppliers440/4€78k€72k▼
Taxes, remuneration and social security45€5k€12k▲
Taxes450/3€216€12k▲
Remuneration and social security454/9€5k-
Other amounts payable47/48€64k€87k▲
Accrued charges and deferred income492/3€346€300▼
Income statement
Code20242025
Remuneration, social security and pensions62€44k€45k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€15k▼
Other operating charges640/8€346€416▲
Gross operating margin9900€148k€179k▲
Operating profit (loss)9901€87k€118k▲
Financial income75/76B€1k€39▼
Recurring financial income75€1k€39▼
Financial charges65/66B€218€554▲
Recurring financial charges65€218€554▲
Profit (loss) for the period before taxes9903€89k€118k▲
Income taxes67/77€25k€32k▲
Profit (loss) for the period9904€64k€86k▲
Profit (loss) for the period to be appropriated9905€64k€86k▲
Appropriation of the result
Profit (loss) to be appropriated9906€64k€86k▲
Profit (loss) brought forward from the previous period14P€344€154▼
Profit to be distributed694/7€64k€86k▲
Return on contributions (dividend)694€64k€86k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
20-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Highest result since 2018net €110k ▲431%
Operating result €150k, net result €110k, both a record.
16-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
24-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Weakest financial yearnet €-18k ▼251%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
17-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-08
State Gazette act
Board meeting · Director appointment
Permanent representative
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, La Hulpe · 1 establishment unit since 2004
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.
Rue de Genval 481310 La HulpeGround area
765 m²
Building footprint
142 m²
Volume, LiDAR
1,112 m³
2 parcels, Wallonia · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Pragma-Consult
since 20042.142.072.774
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050B0483/00Y000 | Wallonia | 574 m² | 1 · 67 m² | 9.2 m · 3 fl. |
| 25050B0324/00E007 | Wallonia | 191 m² | 1 · 75 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,786 companies in sector 63910 we hold annual accounts for 695. 497 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-09-2004
Fiscal year end30-09
Activities, NACEBEL
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
72100
62010Computer programming, consultancy and related activities
62020IT consultancy
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
72300
72400
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.