Pragma Labs
ActivePragma Labs has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.04M and a net result of €-177k. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 92% of 2273 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▲+47
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity short (current ratio 0.96 against 2.48 in 2024; short-term debt: 6.1% and cash: 2.5% of total assets), and 6.1% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
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
93.9%
Return on assets
-15.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year €-177k
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 16-07-2026, 15 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
15 d early
2024
1 d early
2023
on the day
2022
61 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.04M▼ 12.9%
2024 · €1.20M
2022: €174k
2023: €1.25M
2024: €1.20M
2022 → 2025
Total assets
€1.11M▼ 17.3%
2024 · €1.35M
2022: €205k
2023: €1.43M
2024: €1.35M
2022 → 2025
Net result
€-177k▼ 3.5%
2024 · €-171k
2022: €-123k
2023: €-48k
2024: €-171k
2022 → 2025
Working capital
€-3k
2024 · €205k
2022: €29k
2023: €695k
2024: €205k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€174k-€1.25M▲ 616%€1.20M▼ 3.7%€1.04M▼ 12.9%
Operating result€-128k-€-46k▲ 64.3%€-230k▼ 404%€-203k▲ 11.5%
Net result€-123k-€-48k▲ 61.0%€-171k▼ 256%€-177k▼ 3.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €203k in 2025 against €230k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.11M
Fixed assets
€1.04M▲ 5.2%
Current assets
€65k▼ 80.9%
Equity and liabilities €1.11M
Equity
€1.04M▼ 12.9%
Debt
€68k▼ 53.3%
The debt ratio falls from 10.8% to 6.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€82k▲
2024 · €-49k
Cash flow
€109k▲
2024 · €9k
Solvency
93.9%▲
2024 · 89.2%
Current ratio
0.96▼
2024 · 2.48
Quick ratio
0.96▼
2024 · 2.48
Debt / equity
0.07▼
2024 · 0.12
ROE
-16.9%▼
2024 · -14.3%
ROA
-15.9%▼
2024 · -12.7%
Interest coverage
6.27▲
2024 · -6.05
Debt
€68k▼
2024 · €146k
Debt ≤ 1 year
€68k▼
2024 · €138k
Income taxes
€246▲
2024 · €-4k
Staff costs
€180k▼
2024 · €252k
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€1.35M€1.11M▼
Formation expenses20€13k€7k▼
Fixed assets21/28€989k€1.04M▲
Intangible fixed assets21€974k€1.03M▲
Tangible fixed assets22/27€12k€6k▼
Furniture and vehicles24€12k€6k▼
Financial fixed assets28€4k€4k=
Current assets29/58€343k€65k▼
Amounts receivable within one year40/41€152k€29k▼
Trade receivables40€125k€1k▼
Other amounts receivable41€27k€28k▲
Cash at bank and in hand54/58€182k€28k▼
Deferred charges and accrued income490/1€9k€8k▼
Equity and liabilities
Total equity and liabilities10/49€1.35M€1.11M▼
Equity10/15€1.20M€1.04M▼
Contributions10/11€1.32M€1.32M=
Profit (loss) carried forward14€-342k€-519k▼
Investment grants15€217k€239k▲
Amounts payable17/49€146k€68k▼
Amounts payable within one year42/48€138k€68k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€40k€8k▼
Suppliers440/4€40k€8k▼
Taxes, remuneration and social security45€51k€16k▼
Taxes450/3€0€2k▲
Remuneration and social security454/9€51k€14k▼
Other amounts payable47/48€48k€44k▼
Accrued charges and deferred income492/3€8k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€252k€180k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€180k€285k▲
Other operating charges640/8€2k€558▼
Gross operating margin9900€205k€263k▲
Operating profit (loss)9901€-230k€-203k▲
Financial income75/76B€63k€40k▼
Recurring financial income75€63k€40k▼
Financial charges65/66B€8k€13k▲
Recurring financial charges65€8k€13k▲
Profit (loss) for the period before taxes9903€-175k€-177k▼
Income taxes67/77€-4k€246▲
Profit (loss) for the period9904€-171k€-177k▼
Profit (loss) for the period to be appropriated9905€-171k€-177k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-342k€-519k▼
Profit (loss) brought forward from the previous period14P€-171k€-342k▼
Social balance
Average headcount (FTE)90873.02.1▼
The notes to these accounts (16 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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-177k
Net result drops to €-177k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity triplescurrent ratio 5.92
Current ratio from 1.92 to 5.92.
31-12
Financial
Equity above €1MEq €1.25M ▲616%
Equity rises from €174k to €1.25M.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
09-02-2023
Resigned as Director
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2022
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.
Bethaniënstraat 52800 MechelenGround area
112 m²
Building footprint
63 m²
Volume, LiDAR
416 m³
Parcel 12404F0039/00W000, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Pragma Labs
since 20222.325.517.590
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12404F0039/00W000 | Flanders | 112 m² | 1 · 63 m² | 10.8 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 311,257 EUR awarded · 311,257 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 53,257 EUR |
| 2024 | 1 | 0 EUR | 104,000 EUR |
| 2023 | 1 | 261,257 EUR | 104,000 EUR |
| 2022 | 1 | 50,000 EUR | 50,000 EUR |
Schemes
Ontwikkelingsproject
Innovatieve starterssteun
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Of 24,503 companies in sector 82990 we hold annual accounts for 9,402. 4,454 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-12-2021
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
82990Other business support services
62020IT consultancy
62200Computer consultancy and computer facilities management
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesWebsite:www.arcadia.finance
E-mail:directors@arcadia.finance
Website:www.pragmalabs.dev
E-mail:directors@pragmalabs.dev