Equity
€15,803 from €169,052 in 2023
Equity fell by 91% in 2 years.
Pragmatik
Lifetime
5 annual accounts with figures on one time axispeak €137,988 (2025)
€137,988▲ 43.6%
peak €98,303 (2025)
€98,303▲ 39.7%
peak €169,052 (2023)
€15,803▼ 86.8%
€140,270▲ 5.0%
Board2 names since 2020
2 directorsDAMS Michiel Robrecht Marieke and 1 other
Documentsfilings and deeds
28-07-20263 days before the deadline
2025micro format
Gross margin from €96,073 to €137,988Result from €70,374 to €98,303Registered office moved within Geel 05-05Dividend €201,926Equity from €119,426 to €15,803
Key points
from the 2025 annual accountsTurnover
≈ €250,000 estimated
The micro format states no turnover.
Debts
€140,270 90% of the balance sheet
Suppliers 1%Taxes and wages 23%Other 76%
Liquidity
0.94 was 1.65 in 2024
Short-term debts rose from €133,530 to €140,270.
Filings
5 annual accounts since 2021
The last five annual accounts were filed 3 to 45 days before the end of the period.
Position in the sector
€98,303
Higher net result than 90% of companies in advertising and market research. Sector median €14,755 · 8,616 companies.
Checked score
85
Excellent
Financially stronger than 38% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,230 companies (NACE 73, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: 0.1%▲ +0.1 percentage points vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.2%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Equity €15,803 (10.1% of total assets)
1 change of registered office in 24 months
lowers risk
Liquidity: current ratio 0.94, cash €108,539
Sector: Advertising, market research and public relations activities (NACE 73)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 20% of them on solvency, 38% on liquidity, 88% on profitability and 7% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,713 companies had the same profile as Pragmatik has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Pragmatik itself is lower: 0.3% within 12 months. It rests on far more data about Pragmatik than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for Pragmatik. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.94 (1.65 in 2024), below 1. Short-term debt is 89.9% and cash 69.5% of total assets. 89.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 8615 sector peers (2025).
NBB · sector comparisonPosition among 8615 sector peers
Solvency
better than 19%
← weakest
strongest →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
3 days early
2024
38 days early
2023
35 days early
2022
34 days early
2021
45 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 31 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved within Geel
New registered office: Galven 66 te 2440 Geel · Previous registered office: Azaleastraat 18 te 2440 Geel · Board meeting of 28-01-2025 · Gazette deed
Registered office moved within Geel
New registered office: Azaleastraat 18 te 2440 Geel · Previous registered office: Pallo 25/E, 2440 Geel · Board meeting of 18-10-2022 · Gazette deed
Appointment: Molenberghs Stephanie (director)
General meeting of 01-06-2021 · Gazette deed
Incorporation
Founding capital of €2,500, 120 shares · Founder: DAMS Michiel Robrecht Marieke · Appointment: DAMS Michiel Robrecht Marieke (director) · published on 07-10-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Pragmatik Geel | €156,073 | €137,988 | 10.1% | - |
| CX-Expertise Mortsel | €137,255 | €148,542 | 86.6% | - |
| ASSIST CONCEPT CONSTRUCT Sint-Genesius-Rode | €143,007 | €128,122 | 17.3% | - |
| DIKAMATO Laarne | €172,151 | €155,107 | 60.9% | - |
| FIPS&DA Hasselt | €137,426 | €124,928 | 44.6% | - |
| NIREM Wavre | €181,399 | €123,649 | 37.6% | 1 |
| SAP Expertise KaLoHi Merelbeke-Melle | €148,891 | €117,341 | 41.1% | - |
These companies have the same main activity as Pragmatik: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €137,000 and €181,000, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 05-10-2020Normal situation
- Activity
- Public relations and communication consultancyNACE 73300
- Establishment unit
- 2.308.833.0952440 Geel, since 05-10-2020
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €156,073▼ 38.3%
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Insights on Pragmatik
Pragmatik files the micro format. That format states no turnover. The gross margin rose from €83,575 in 2021 to €137,988 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Pragmatik
- What is the company number of Pragmatik?
- The company number of Pragmatik is 0755.675.926. The VAT number is the same number with BE in front: BE 0755.675.926.
- Where is Pragmatik based?
- The registered office is at Galven 66, 2440 Geel.Company details
- What does Pragmatik do?
- According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
- What is the legal form of Pragmatik?
- Pragmatik is a private limited company (BV).
- When was Pragmatik founded?
- Pragmatik was founded on 05-10-2020.
- Is Pragmatik still active?
- Yes, Pragmatik is an active enterprise in the KBO register.
- What is the turnover of Pragmatik?
- The turnover in financial year 2025 is ≈ €250,000. This figure is estimated from the gross margin of €137,988 and 38 comparable companies (NACE 73). It probably lies between €190,000 and €510,000.Financials
- Is Pragmatik profitable?
- In financial year 2025, Pragmatik made a profit of €98,303.
- Where can I find the annual accounts of Pragmatik?
- Pragmatik filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Pragmatik due?
- Pragmatik must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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