PRAGMA-ITC
ActivePRAGMA-ITC has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €291k and a net result of €53k. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 63% of 31510 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
93
/ 100
Excellent▲ +12 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▲+46
Solvency79▼-5
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 1.28 in 2024), and 31% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
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
69%
Return on assets
12.5%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-03-2026, 127 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
127 d early
2024
14 d early
2023
22 d late
2022
32 d early
2021
39 d early
2020
38 d early
2019
123 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€291k▼ 3.6%
2024 · €301k
2018: €193k
2019: €179k
2020: €242k
2021: €195k
2022: €232k
2023: €274k
2024: €301k
2018 → 2025
Total assets
€421k▲ 9.2%
2024 · €386k
2018: €484k
2019: €438k
2020: €475k
2021: €440k
2022: €436k
2023: €407k
2024: €386k
2018 → 2025
Net result
€53k▲ 94.9%
2024 · €27k
2018: €26k
2019: €-14k
2020: €63k
2021: €59k
2022: €37k
2023: €42k
2024: €27k
2018 → 2025
Working capital
€5k▼ 75.5%
2024 · €19k
2018: €-106k
2019: €-130k
2020: €-61k
2021: €-106k
2022: €-62k
2023: €-15k
2024: €19k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€195k-€232k▲ 19.1%€274k▲ 18.1%€301k▲ 9.8%€291k▼ 3.6%
Operating result€89k-€55k▼ 37.5%€62k▲ 12.4%€40k▼ 35.3%€75k▲ 85.6%
Net result€59k-€37k▼ 37.1%€42k▲ 13.0%€27k▼ 35.7%€53k▲ 94.9%
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 2025; 2025 is 86% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €421k
Fixed assets
€288k▼ 2.9%
Current assets
€133k▲ 49.7%
Equity and liabilities €421k
Equity
€291k▼ 3.6%
Debt
€131k▲ 55.0%
The debt ratio rises from 21.9% to 31.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€113k▲
2024 · €70k
Cash flow
€91k▲
2024 · €56k
Solvency
69.0%▼
2024 · 78.1%
Current ratio
1.04▼
2024 · 1.28
Quick ratio
1.04▼
2024 · 1.28
Debt / equity
0.45▲
2024 · 0.28
ROE
18.1%▲
2024 · 9.0%
ROA
12.5%▲
2024 · 7.0%
Interest coverage
189.56▲
2024 · 58.08
Debt
€131k▲
2024 · €84k
Debt ≤ 1 year
€128k▲
2024 · €70k
Income taxes
€22k▲
2024 · €12k
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€386k€421k▲
Fixed assets21/28€297k€288k▼
Tangible fixed assets22/27€296k€287k▼
Land and buildings22€293k€267k▼
Furniture and vehicles24€3k€12k▲
Other tangible fixed assets26-€8k
Financial fixed assets28€500€2k▲
Current assets29/58€89k€133k▲
Amounts receivable within one year40/41€51k€45k▼
Trade receivables40€51k€45k▼
Other amounts receivable41€8-
Current investments50/53€30k€60k▲
Cash at bank and in hand54/58€5k€28k▲
Deferred charges and accrued income490/1€3k-
Equity and liabilities
Total equity and liabilities10/49€386k€421k▲
Equity10/15€301k€291k▼
Contributions10/11€12k€12k=
Reserves13€286k€275k▼
Distributable reserves133€286k€275k▼
Profit (loss) carried forward14€3k€3k▲
Amounts payable17/49€84k€131k▲
Amounts payable after more than one year17€12k-
Financial debts170/4€12k-
Amounts payable within one year42/48€70k€128k▲
Current portion of amounts payable after more than one year42€21k€12k▼
Trade debts44€1k€9k▲
Suppliers440/4€1k€9k▲
Taxes, remuneration and social security45€21k€39k▲
Taxes450/3€21k€39k▲
Other amounts payable47/48€26k€68k▲
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€38k▲
Other operating charges640/8€7k€7k▲
Gross operating margin9900€76k€120k▲
Operating profit (loss)9901€40k€75k▲
Financial income75/76B€149€214▲
Recurring financial income75€149€214▲
Financial charges65/66B€1k€596▼
Recurring financial charges65€1k€596▼
Profit (loss) for the period before taxes9903€39k€74k▲
Income taxes67/77€12k€22k▲
Profit (loss) for the period9904€27k€53k▲
Profit (loss) for the period to be appropriated9905€27k€53k▲
Appropriation of the result
Profit (loss) to be appropriated9906€30k€56k▲
Profit (loss) brought forward from the previous period14P€3k€3k▲
Transfer from equity791/2-€64k
Transfer to equity691/2€27k€53k▲
To other reserves6921€27k€53k▲
Profit to be distributed694/7-€64k
Return on contributions (dividend)694-€64k
The notes to these accounts (12 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
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €232k ▲19.1%
3 profitable years in a row build equity to €232k.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €63k
Net result €63k after one loss-making year.
31-12
Financial
Equity above €200kEq €242k ▲35.4%
Equity rises from €179k to €242k.
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-14k ▼152%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Liège · 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 Henri-Maus 554000 LiègeGround area
324 m²
Building footprint
70 m²
Volume, LiDAR
889 m³
Parcel 62803D0069/00W004, Wallonia · tallest building 14.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PRAGMA ITC
since 20042.134.851.521
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62803D0069/00W004 | Wallonia | 324 m² | 1 · 70 m² | 14.1 m · 4 fl. |
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.
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TRADENEX
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Lisbo
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INNOVER
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,396. 38,207 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-01-2004
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
68201Renting and operating of own or leased residential real estate, excluding social housing
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.