Equity
€43,098 from €83,365 in 2017
Equity fell by 48% in 8 years.
PRAGMATIX
Lifetime
15 annual accounts with figures on one time axispeak €63,091 (2015)
-€18,376▼ €37,854
lowest -€35,730 (2014)
-€30,098▼ €35,295
peak €83,365 (2017)
€43,098▼ 41.1%
€2,175▲ 79.2%
Documentsfilings and deeds
18-05-202674 days before the deadline
2025financial year
Turnover from €67,317 to €13,567Gross margin from €19,478 to -€18,376Loss of €30,098Equity from €73,196 to €43,098Debts from €1,214 to €2,175Cash from €47,503 to €30,304
Key points
from the 2025 annual accountsTurnover
€13,567 ▼ 79.8%
Turnover fell in 2025 from €67,317 to €13,567.
Payment terms
25 days to suppliers
PRAGMATIX pays its suppliers 16 days later than in 2024. Customers pay 20 days later.
Liquidity
14.96 was 43.53 in 2024
Short-term debts rose from €1,214 to €2,175.
Filings
15 annual accounts since 2011
The last five annual accounts were filed 49 to 76 days before the end of the period.
Position in the sector
-€30,098
Lower net result than 89% of companies in specialised construction. Sector median €64,916 · 1,214 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 4,820 companies had the same profile as PRAGMATIX has now. Each dot stands for 13 companies, two years later.
87.9%
were still trading
10.0%
stopped another way
2.0%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 4,820 companies, not a prediction for PRAGMATIX. 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
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0832068671
Incorporation
published on 30-12-2010 · Gazette deed
First establishment
Bas Hameau 17, Celles (lez-Tournai)
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PRAGMATIX Celles (lez-Tournai) | €45,273 | -€18,376 | 95.2% | - |
| RM ELEC Charleroi | €43,220 | -€4,158 | 51.3% | - |
| SPRL EGEMS Lobbes | €40,562 | -€17,003 | 73.9% | - |
| DEGRYSE TECHNIQUES Brunehaut | €52,674 | -€10,288 | 33.9% | - |
| Almax Nazareth-De Pinte | €45,358 | -€7,921 | 33.6% | - |
| SOMERDI Bornem | €44,085 | -€5,491 | 6.1% | - |
| WEST STAR SECURITY Profondeville | €47,320 | -€1,479 | 15.2% | - |
These companies have the same main activity as PRAGMATIX: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €40,600 and €52,700, founded between 2009 and 2011.
Official details
Source: KBO- Status
- Active since 21-12-2010Normal situation
- Activity
- General electrical installation workNACE 43211and 5 others
- Establishment unit
- 2.194.886.9977760 Celles (lez-Tournai), since 17-12-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 21-11-2025
Annual accounts 2025
- €45,273▼ 39.2%
- Filing
- Filed on 18-05-2026, 74 days before the end of the filing period
Insights on PRAGMATIX
The annual accounts of PRAGMATIX for financial year 2025 show a net loss of 66% of total assets. The 2025 annual accounts show equity of €43,098 and a net result of -€30,098.
Equity has been stable since 2018 (±5.6% per year). Its solvency ranks better than 95% of 1,211 sector peers (NACE 43, financial year 2025).
The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.
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 PRAGMATIX
- What is the company number of PRAGMATIX?
- The company number of PRAGMATIX is 0832.068.671. The VAT number is the same number with BE in front: BE 0832.068.671.
- Where is PRAGMATIX based?
- The registered office is at Bas Hameau 17, 7760 Celles (lez-Tournai).Company details
- What does PRAGMATIX do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of PRAGMATIX?
- Legal form of PRAGMATIX: Coöperatieve vennootschap met beperkte aansprakelijkheid.
- When was PRAGMATIX founded?
- PRAGMATIX was founded on 21-12-2010.
- Is PRAGMATIX still active?
- Yes, PRAGMATIX is an active enterprise in the KBO register.
- What is the turnover of PRAGMATIX?
- The turnover of PRAGMATIX was €13,567 in financial year 2025, according to the filed annual accounts.Financials
- Is PRAGMATIX profitable?
- In financial year 2025, PRAGMATIX made a loss of €30,098.
- Where can I find the annual accounts of PRAGMATIX?
- PRAGMATIX filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PRAGMATIX due?
- PRAGMATIX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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