PRAGMATA
ActiveSummary
PRAGMATA has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €166k and a net result of €-50k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 44% of 3200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability2▲+2
Solvency70▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.8 against 2.05 in 2024; short-term debt: 53.6% and cash: 93.8% of total assets), but 54.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
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
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
1819202122232425
2018 to 2025 · latest year €-50k
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 05-03-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
54 d early
2023
54 d early
2022
53 d early
2021
44 d early
2020
49 d early
2019
55 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 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
€-50k▲ 18.2%
2024 · €-61k
2018: €824k
2019: €883k▲ +7.1% vs 2018
2020: €824k▼ -6.8% vs 2019
2021: €984k▲ +19.5% vs 2020highest in 8 years
2022: €416k▼ -57.7% vs 2021
2023: €-62k▼ -115% vs 2022lowest in 8 years
2024: €-61k▲ +0.8% vs 2023
2025: €-50k▲ +18.2% vs 2024
2018 → 2025
Working capital
€157k▼ 18.9%
2024 · €194k
2018: €19klowest in 8 years
2019: €195k▲ +929% vs 2018
2020: €66k▼ -66.2% vs 2019
2021: €101k▲ +53.1% vs 2020
2022: €546k▲ +441% vs 2021highest in 8 years
2023: €221k▼ -59.5% vs 2022
2024: €194k▼ -12.5% vs 2023
2025: €157k▼ -18.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€223k-€639k▲ 186%€278k▼ 56.6%€216k▼ 22.1%€166k▼ 23.2%
2021: €223k
2022: €639k▲ +186% vs 2021highest in 5 years
2023: €278k▼ -56.6% vs 2022
2024: €216k▼ -22.1% vs 2023
2025: €166k▼ -23.2% vs 2024lowest in 5 years
Operating result€1.31M-€550k▼ 58.0%€-79k€-71k▲ 10.1%€-48k▲ 32.7%
2021: €1.31Mhighest in 5 years
2022: €550k▼ -58.0% vs 2021
2023: €-79k▼ -114% vs 2022lowest in 5 years
2024: €-71k▲ +10.1% vs 2023
2025: €-48k▲ +32.7% vs 2024
Net result€984k-€416k▼ 57.7%€-62k€-61k▲ 0.8%€-50k▲ 18.2%
2021: €984khighest in 5 years
2022: €416k▼ -57.7% vs 2021
2023: €-62k▼ -115% vs 2022lowest in 5 years
2024: €-61k▲ +0.8% vs 2023
2025: €-50k▲ +18.2% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €48k in 2025 against €71k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €366k
Fixed assets
€13k ▼ 51.4%
Current assets
€353k ▼ 6.6%
Equity and liabilities €366k
Equity
€166k ▼ 23.2%
Debt
€200k ▲ 6.2%
Debt's share of the balance-sheet total rises from 46.5% to 54.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-36k▼
2024 · €-35k
Cash flow
€-38k▼
2024 · €-24k
Current ratio
1.80▼
2024 · 2.05
Debt to equity
1.20▲
2024 · 0.87
ROE
-30.2%▼
2024 · -28.3%
ROA
-13.7%▲
2024 · -15.2%
Interest coverage
-106.38▼
2024 · -101.43
Debt ≤ 1 year
€196k▲
2024 · €184k
Income taxes
€2k▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€404k€366k▼
Fixed assets21/28€27k€13k▼
Tangible fixed assets22/27€26k€13k▼
Furniture and vehicles24€26k€13k▼
Financial fixed assets28€25€25=
Current assets29/58€378k€353k▼
Amounts receivable within one year40/41€9k€8k▼
Trade receivables40€8k€8k=
Other amounts receivable41€2k€175▼
Cash at bank and in hand54/58€367k€343k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€404k€366k▼
Equity10/15€216k€166k▼
Contributions10/11€37k€37k=
Reserves13€4k€4k=
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Profit (loss) carried forward14€175k€125k▼
Amounts payable17/49€188k€200k▲
Amounts payable within one year42/48€184k€196k▲
Trade debts44€3k€6k▲
Suppliers440/4€3k€6k▲
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48€180k€188k▲
Accrued charges and deferred income492/3€4k€4k▼
Income statement
Code20242025
Non-recurring operating income76A-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€12k▼
Other operating charges640/8€4k€4k▲
Gross operating margin9900€-30k€-31k▼
Operating profit (loss)9901€-71k€-48k▲
Financial income75/76B€12k-
Recurring financial income75€12k-
Financial charges65/66B€340€334▼
Recurring financial charges65€340€334▼
Profit (loss) for the period before taxes9903€-59k€-48k▲
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€-61k€-50k▲
Profit (loss) for the period to be appropriated9905€-61k€-50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€175k€125k▼
Profit (loss) brought forward from the previous period14P€237k€175k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35k | €35k | €36k | €37k | €12k | ▼ 66.2% |
| Other operating charges640/8 | - | €4k | €4k | €4k | €4k | ▲ 3.5% |
| Non-recurring operating charges66A | - | - | €386 | - | - | - |
| Gross operating margin9900 | €1.35M | €589k | €-39k | €-30k | €-31k | ▼ 3.0% |
| Operating profit (loss)9901 | €1.31M | €550k | €-79k | €-71k | €-48k | ▲ 32.7% |
| Financial income75/76B | - | €13k | €20k | €12k | - | - |
| Recurring financial income75 | €4k | €13k | €20k | €12k | - | - |
| Financial charges65/66B | - | €5k | €339 | €340 | €334 | ▼ 1.8% |
| Recurring financial charges65 | €1k | €5k | €339 | €340 | €334 | ▼ 1.8% |
| Profit (loss) for the period before taxes9903 | €1.31M | €558k | €-60k | €-59k | €-48k | ▲ 18.5% |
| Income taxes67/77 | €330k | €142k | €2k | €2k | €2k | ▼ 8.6% |
| Profit (loss) for the period9904 | €984k | €416k | €-62k | €-61k | €-50k | ▲ 18.2% |
| Profit (loss) for the period to be appropriated9905 | €984k | €416k | €-62k | €-61k | €-50k | ▲ 18.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.64M | €1.25M | €915k | €404k | €366k | ▼ 9.5% |
| Fixed assets21/28 | €123k | €94k | €59k | €27k | €13k | ▼ 51.4% |
| Tangible fixed assets22/27 | €123k | €94k | €59k | €26k | €13k | ▼ 51.4% |
| Furniture and vehicles24 | - | €94k | €59k | €26k | €13k | ▼ 51.4% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €1.52M | €1.16M | €855k | €378k | €353k | ▼ 6.6% |
| Amounts receivable within one year40/41 | €116 | €294k | €13k | €9k | €8k | ▼ 16.6% |
| Trade receivables40 | - | €41k | €8k | €8k | €8k | = |
| Other amounts receivable41 | - | €253k | €5k | €2k | €175 | ▼ 89.9% |
| Current investments50/53 | - | €830k | €709k | - | - | - |
| Cash at bank and in hand54/58 | €1.26M | €29k | €131k | €367k | €343k | ▼ 6.4% |
| Deferred charges and accrued income490/1 | - | €7k | €2k | €2k | €2k | ▲ 4.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.64M | €1.25M | €915k | €404k | €366k | ▼ 9.5% |
| Equity10/15 | €223k | €639k | €278k | €216k | €166k | ▼ 23.2% |
| Contributions10/11 | - | €37k | €37k | €37k | €37k | = |
| Reserves13 | €4k | €4k | €4k | €4k | €4k | = |
| Non-distributable reserves130/1 | - | €4k | €4k | €4k | €4k | = |
| Reserves not available under the articles1311 | - | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €182k | €598k | €237k | €175k | €125k | ▼ 28.6% |
| Amounts payable17/49 | €1.42M | €614k | €637k | €188k | €200k | ▲ 6.2% |
| Amounts payable within one year42/48 | €1.42M | €614k | €634k | €184k | €196k | ▲ 6.4% |
| Trade debts44 | €3k | €199 | €200 | €3k | €6k | ▲ 127% |
| Suppliers440/4 | - | €199 | €200 | €3k | €6k | ▲ 127% |
| Taxes, remuneration and social security45 | - | €16k | €2k | €2k | €2k | ▲ 16.5% |
| Taxes450/3 | - | €16k | €2k | €2k | €2k | ▲ 16.5% |
| Other amounts payable47/48 | - | €597k | €632k | €180k | €188k | ▲ 4.6% |
| Accrued charges and deferred income492/3 | - | €868 | €3k | €4k | €4k | ▼ 2.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €984k | €416k | €-62k | €-61k | €-50k | ▲ 18.2% |
| + Depreciation and write-downs630 | €35k | €35k | €36k | €37k | €12k | ▼ 66.2% |
| Operating cash flow (approximation) | €1.02M | €451k | €-26k | €-24k | €-38k | ▼ 54.4% |
| Investment in fixed assets (approximation) | - | €-6k | €-1k | €-4k | €1k | ▲ 129% |
| Change in cash | - | €-1.24M | €102k | €236k | €-23k | ▼ 110% |
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
05-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
07-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Weakest financial yearnet €-62k
Net result drops to €-62k, the lowest in the series; recovery starts the following year.
08-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Equity above €500kEq €639k ▲186%
5 profitable years in a row build equity to €639k.
17-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Highest result since 2018net €984k ▲19.5%
Operating result €1.31M, net result €984k, both a record.
12-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Equity above €200kEq €249k ▲507%
2 profitable years in a row build equity to €249k.
12-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-02
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, La Hulpe · 1 establishment unit since 2005
Ground area
9,239 m²
Building footprint
224 m²
Volume, LiDAR
1,604 m³
Parcel 25050E0009/00N009, Wallonia · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PRAGMATA
since 20052.145.921.003
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050E0009/00N009 | Wallonia | 9,239 m² | 1 · 224 m² | 11.2 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,727 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 (pre-2019)
Founded12-01-2005
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
77340Rental and leasing activities
77350Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.