PragmaP
ActiveSummary
PragmaP has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101,377 and a net result of €7,291. Equity is shrinking by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 34% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-5
Solvency61▼-33
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 1.6 against 3.69 in 2024; short-term debt: 55.1% and cash: 22.3% of total assets), but 63.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
36.2%
Return on assets
2.6%
Age of the figures
9 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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
8 d early
2023
7 d late
2022
12 d early
2021
48 d early
2020
25 d early
2019
44 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€101,377▼ 57.3%
2024 · €237,354
Total assets
€280,321▼ 19.0%
2024 · €346,088
Net result
€7,291▼ 67.7%
2024 · €22,583
Working capital
€92,777▼ 59.0%
2024 · €226,222
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€84,868▼ 0.2%€64,934▼ 23.5%€61,664▼ 5.0%€31,863▼ 48.3%€13,926▼ 56.3%
Net result€48,547▼ 13.0%€38,901▼ 19.9%€40,797▲ 4.9%€22,583▼ 44.6%€7,291▼ 67.7%
Equity€281,972▼ 22.2%€320,873▲ 13.8%€306,241▼ 4.6%€237,354▼ 22.5%€101,377▼ 57.3%
Total assets€369,280▼ 13.8%€375,238▲ 1.6%€354,211▼ 5.6%€346,088▼ 2.3%€280,321▼ 19.0%
Debt€62,789▲ 51.8%€29,846▼ 52.5%€23,452▼ 21.4%€84,215▲ 259%€154,426▲ 83.4%
Working capital€277,206▼ 26.5%€320,134▲ 15.5%€304,247▼ 5.0%€226,222▼ 25.6%€92,777▼ 59.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2025 Equity -57% on 2024. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 56% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €280,321
Fixed assets
€33,119 ▼ 7.1%
Current assets
€247,203 ▼ 20.4%
Equity and liabilities €280,321
Equity
€101,377 ▼ 57.3%
Provisions
€24,518 =
Debt
€154,426 ▲ 83.4%
Debt's share of the balance-sheet total rises from 24.3% to 55.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€26,095▼
2024 · €43,241
Cash flow
€19,460▼
2024 · €33,961
Current ratio
1.60▼
2024 · 3.69
Debt to equity
1.52▲
2024 · 0.35
ROE
7.2%▼
2024 · 9.5%
ROA
2.6%▼
2024 · 6.5%
Interest coverage
27.35▼
2024 · 44.23
Debt ≤ 1 year
€154,426▲
2024 · €84,215
Income taxes
€9,271▼
2024 · €15,327
Staff costs
€230▼
2024 · €1,393
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 10,891 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €2,100 | €2,218 | €1,783 | €1,393 | €230 | ▼ 83.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,232 | €12,656 | €9,445 | €11,378 | €12,169 | ▲ 6.9% |
| Other operating charges640/8 | €1,646 | €2,213 | €2,410 | €3,235 | €2,066 | ▼ 36.1% |
| Gross operating margin9900 | €99,846 | €82,021 | €75,302 | €47,869 | €28,391 | ▼ 40.7% |
| Operating profit (loss)9901 | €84,868 | €64,934 | €61,664 | €31,863 | €13,926 | ▼ 56.3% |
| Financial income75/76B | €4,744 | €2,400 | €5,696 | €7,025 | €3,591 | ▼ 48.9% |
| Recurring financial income75 | €4,744 | €2,400 | €5,696 | €7,025 | €3,591 | ▼ 48.9% |
| Financial charges65/66B | €10,684 | €1,758 | €1,735 | €978 | €954 | ▼ 2.4% |
| Recurring financial charges65 | €10,684 | €1,758 | €1,735 | €978 | €954 | ▼ 2.4% |
| Profit (loss) for the period before taxes9903 | €78,928 | €65,576 | €65,625 | €37,910 | €16,562 | ▼ 56.3% |
| Income taxes67/77 | €30,382 | €26,675 | €24,828 | €15,327 | €9,271 | ▼ 39.5% |
| Profit (loss) for the period9904 | €48,547 | €38,901 | €40,797 | €22,583 | €7,291 | ▼ 67.7% |
| Profit (loss) for the period to be appropriated9905 | €48,547 | €38,901 | €40,797 | €22,583 | €7,291 | ▼ 67.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €369,280 | €375,238 | €354,211 | €346,088 | €280,321 | ▼ 19.0% |
| Fixed assets21/28 | €29,284 | €25,257 | €26,512 | €35,651 | €33,119 | ▼ 7.1% |
| Tangible fixed assets22/27 | €29,284 | €24,757 | €26,012 | €35,151 | €32,619 | ▼ 7.2% |
| Plant, machinery and equipment23 | €19,515 | €19,100 | €22,469 | €32,680 | €31,221 | ▼ 4.5% |
| Furniture and vehicles24 | €9,769 | €5,657 | €3,543 | €2,470 | €1,398 | ▼ 43.4% |
| Financial fixed assets28 | - | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €339,995 | €349,981 | €327,699 | €310,437 | €247,203 | ▼ 20.4% |
| Amounts receivable after more than one year29 | €153,640 | €166,040 | €118,017 | €111,605 | €53,182 | ▼ 52.3% |
| Other amounts receivable291 | €153,640 | €166,040 | €118,017 | €111,605 | €53,182 | ▼ 52.3% |
| Amounts receivable within one year40/41 | €59,092 | €60,305 | €58,478 | €102,268 | €130,011 | ▲ 27.1% |
| Trade receivables40 | €45,747 | €45,056 | €55,113 | €36,428 | €52,649 | ▲ 44.5% |
| Other amounts receivable41 | €13,345 | €15,249 | €3,365 | €65,841 | €77,363 | ▲ 17.5% |
| Current investments50/53 | €55,658 | €57,658 | €60,658 | €0 | - | - |
| Cash at bank and in hand54/58 | €68,426 | €62,669 | €90,546 | €94,477 | €62,402 | ▼ 34.0% |
| Deferred charges and accrued income490/1 | €3,179 | €3,309 | €0 | €2,087 | €1,607 | ▼ 23.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €369,280 | €375,238 | €354,211 | €346,088 | €280,321 | ▼ 19.0% |
| Equity10/15 | €281,972 | €320,873 | €306,241 | €237,354 | €101,377 | ▼ 57.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €263,372 | €302,273 | €287,641 | €218,754 | €82,777 | ▼ 62.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €261,512 | €300,413 | €287,641 | €218,754 | €82,777 | ▼ 62.2% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €24,518 | €24,518 | €24,518 | €24,518 | €24,518 | = |
| Provisions for liabilities and charges160/5 | €24,518 | €24,518 | €24,518 | €24,518 | €24,518 | = |
| Pensions and similar obligations160 | €24,518 | €24,518 | €24,518 | €24,518 | €24,518 | = |
| Amounts payable17/49 | €62,789 | €29,846 | €23,452 | €84,215 | €154,426 | ▲ 83.4% |
| Amounts payable within one year42/48 | €62,789 | €29,846 | €23,452 | €84,215 | €154,426 | ▲ 83.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,030 | €0 | ▼ 100% |
| Trade debts44 | €5,941 | €17,001 | €7,985 | €6,629 | €3,087 | ▼ 53.4% |
| Suppliers440/4 | €5,941 | €17,001 | €7,985 | €6,629 | €3,087 | ▼ 53.4% |
| Taxes, remuneration and social security45 | €1,200 | €7,022 | €6,322 | €13,627 | €8,071 | ▼ 40.8% |
| Taxes450/3 | €1,200 | €7,022 | €3,322 | €10,627 | €5,071 | ▼ 52.3% |
| Remuneration and social security454/9 | - | - | €3,000 | €3,000 | €3,000 | = |
| Other amounts payable47/48 | €55,649 | €5,823 | €9,144 | €61,930 | €143,268 | ▲ 131% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,547 | €38,901 | €40,797 | €22,583 | €7,291 | ▼ 67.7% |
| + Depreciation and write-downs630 | €11,232 | €12,656 | €9,445 | €11,378 | €12,169 | ▲ 6.9% |
| Operating cash flow (approximation) | €59,779 | €51,558 | €50,242 | €33,961 | €19,460 | ▼ 42.7% |
| Investment in fixed assets (approximation) | - | -€8,630 | -€10,700 | -€20,517 | -€9,637 | ▲ 53.0% |
| Change in cash | - | -€5,758 | €27,878 | €3,931 | -€32,075 | ▼ 916% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €7,291 ▼67.7%
Net result drops to €7,291, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 11.73
Current ratio from 5.41 to 11.73; short-term debt falls from €62,789 to €29,846.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €61,930 ▲110%
Operating result €86,089, net result €61,930, both a record.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-06
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.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Putte · 1 establishment unit since 2008
Ground area
1,771 m²
Building footprint
162 m²
Volume, LiDAR
819 m³
Parcel 12029B0085/00P000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PragmaP
since 20082.168.063.331
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12029B0085/00P000 | Flanders | 1,771 m² | 1 · 162 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
2023 to 2024 · 2 entries · 663 EUR awarded · 1,146 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 663 EUR | 663 EUR |
| 2023 | 1 | 0 EUR | 483 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
894500X8D8VI6NH5KH63
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 40,603 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-01-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
33120Repair and maintenance of machinery
43990Other specialised construction activities
82990Other business support services
90391Promotion and organisation of arts and performing arts events
90393Specialised image, lighting and sound technical services
90399Other support activities for arts and performing arts
E-invoicing
Reachable via Peppol
Peppol ID
0208:0894983168
Also
9925:BE0894983168
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.