PRAGMIS
ActiveFrom the official registers: KBO 13 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The annual accounts of PRAGMIS for financial year 2025 show a net loss of 121% of total assets and of 87% of the equity at the start of that year. The 2025 annual accounts show equity of €2,334 and a net result of -€15,408. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 25% of 1,119 sector peers (NACE 18, financial year 2025). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Official details
KBO- Status
- Active since 27-12-2012 Normal situation
- Legal form
- Private limited company
- Registered office
- de Burburelaan 146, 1970 Wezembeek-Oppem
- Activity
- Pre-press and pre-media services NACE 18130and 5 others
- Establishment unit
- 2.215.749.620 1040 Etterbeek, since 21-12-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- -€13,319
- ▲ 10.9%
- Loss
- €15,408
- ▼ 6.3%
- Equity
- €2,334
- ▼ 86.8%
- Total assets
- €12,704
- ▼ 45.1%
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €15,408, the second in a row (financial year 2025)lowers riskSize: total assets €12,704Liquidity: current ratio 0.99, cash €6,723Founded in 2012Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 18, micro). It does better than 26% of them on solvency, 50% on liquidity, 6% on profitability and 5% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
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).
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Signals
The company filed its last 7 accounts on average 30 days before the deadline. In the sector (NACE 18), the median for financial year 2024 was 5 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 02-07-2026
- Format
- micro format
- Reference
- 2026-00249267
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €15,064, smaller than the loss of €16,132 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Printing and reproduction of recorded media (NACE 18). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Companies with the same profile, two years later
Historical observationIn July 2024, 1,294 companies had the same profile as PRAGMIS has now. Two years later, 4.1% had gone bankrupt and 89.6% were still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PRAGMIS itself is lower: 0.3% within 12 months. It rests on far more data about PRAGMIS than the profile alone.
Test of the method
The method was tested on the 497,445 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 1,294 companies, not a prediction for PRAGMIS. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €111 | €111 | €31 | €447 | €633 | €633 | €798 | €1,346 | ▲ 68.8% |
| Other operating charges640/8 | - | - | - | €987 | €967 | €223 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €3,515 | €7,985 | €2,554 | €16,870 | €17,777 | €1,346 | -€14,947 | -€13,319 | ▲ 10.9% |
| Operating profit (loss)9901 | €2,776 | €7,241 | €2,182 | €15,436 | €16,177 | €490 | -€16,132 | -€15,064 | ▲ 6.6% |
| Financial income75/76B | - | - | - | - | - | €80 | - | - | - |
| Recurring financial income75 | - | - | - | - | - | €80 | - | - | - |
| Financial charges65/66B | - | - | - | €81 | €49 | €48 | €46 | €63 | ▲ 38.3% |
| Recurring financial charges65 | €54 | €176 | €61 | €81 | €49 | €48 | €46 | €63 | ▲ 38.3% |
| Profit (loss) for the period before taxes9903 | €2,722 | €7,065 | €2,121 | €15,355 | €16,128 | €522 | -€16,178 | -€15,128 | ▲ 6.5% |
| Income taxes67/77 | - | - | - | - | €1,750 | €661 | €261 | €281 | ▲ 7.8% |
| Profit (loss) for the period9904 | €2,722 | €7,065 | €2,121 | €15,355 | €14,378 | -€139 | -€16,438 | -€15,408 | ▲ 6.3% |
| Profit (loss) for the period to be appropriated9905 | €2,722 | €7,065 | €3,981 | €15,355 | €14,378 | -€139 | -€16,438 | -€15,408 | ▲ 6.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €8,885 | €21,678 | €19,129 | €26,243 | €41,929 | €42,654 | €23,136 | €12,704 | ▼ 45.1% |
| Fixed assets21/28 | €111 | - | €354 | €1,576 | €943 | €310 | €2,085 | €2,438 | ▲ 16.9% |
| Tangible fixed assets22/27 | €111 | - | €354 | €1,576 | €943 | €310 | €2,085 | €2,438 | ▲ 16.9% |
| Furniture and vehicles24 | - | - | - | €1,576 | €943 | €310 | €2,085 | €2,438 | ▲ 16.9% |
| Current assets29/58 | €8,774 | €21,678 | €18,775 | €24,667 | €40,986 | €42,345 | €21,051 | €10,266 | ▼ 51.2% |
| Amounts receivable within one year40/41 | - | - | €6,000 | - | €10,807 | €12,734 | €3,131 | €2,515 | ▼ 19.7% |
| Trade receivables40 | - | - | - | - | €10,057 | €8,634 | - | €2,515 | - |
| Other amounts receivable41 | - | - | - | - | €750 | €4,100 | €3,131 | - | - |
| Cash at bank and in hand54/58 | €7,979 | €20,857 | €12,380 | €21,878 | €25,686 | €25,341 | €13,352 | €6,723 | ▼ 49.6% |
| Deferred charges and accrued income490/1 | - | - | - | €2,789 | €4,494 | €4,270 | €4,567 | €1,027 | ▼ 77.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €8,885 | €21,678 | €19,129 | €26,243 | €41,929 | €42,654 | €23,136 | €12,704 | ▼ 45.1% |
| Equity10/15 | -€4,599 | €2,466 | €4,586 | €19,941 | €34,319 | €34,180 | €17,742 | €2,334 | ▼ 86.8% |
| Contributions10/11 | €12,400 | €12,400 | - | €14,260 | €14,260 | €14,260 | €14,260 | €14,260 | = |
| Reserves13 | €1,860 | €1,860 | - | - | - | - | - | - | - |
| Profit (loss) carried forward14 | -€18,859 | -€11,794 | -€9,674 | €5,681 | €20,059 | €19,920 | €3,482 | -€11,926 | - |
| Amounts payable17/49 | €13,485 | €19,212 | €14,543 | €6,301 | €7,610 | €8,474 | €5,393 | €10,370 | ▲ 92.3% |
| Amounts payable within one year42/48 | €992 | €6,719 | €14,543 | €6,301 | €7,610 | €8,474 | €5,393 | €10,370 | ▲ 92.3% |
| Trade debts44 | - | - | - | €334 | - | - | €1,493 | - | - |
| Suppliers440/4 | - | - | - | €334 | - | - | €1,493 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €5,967 | €7,310 | €8,174 | €3,600 | €370 | ▼ 89.7% |
| Taxes450/3 | - | - | - | €5,967 | €7,310 | €8,174 | €3,600 | €370 | ▼ 89.7% |
| Other amounts payable47/48 | - | - | - | €1 | €300 | €300 | €300 | €10,000 | ▲ 33× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,722 | €7,065 | €2,121 | €15,355 | €14,378 | -€139 | -€16,438 | -€15,408 | ▲ 6.3% |
| + Depreciation and write-downs630 | €111 | €111 | €31 | €447 | €633 | €633 | €798 | €1,346 | ▲ 68.8% |
| Operating cash flow (approximation) | €2,833 | €7,176 | €2,151 | €15,802 | €15,011 | €495 | -€15,641 | -€14,062 | ▲ 10.1% |
| Investment in fixed assets (approximation) | - | - | - | -€1,669 | €0 | €0 | -€2,573 | -€1,699 | ▲ 34.0% |
| Change in cash | - | €12,878 | -€8,478 | €9,498 | €3,808 | -€345 | -€11,989 | -€6,629 | ▲ 44.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 02-07-2026 | 2026-00249267 | NBB |
| 31-12-2024 | micro format | 27-06-2025 | 2025-00211091 | |
| 31-12-2023 | micro format | 03-07-2024 | 2024-00214209 | |
| 31-12-2022 | micro format | 02-07-2023 | 2023-00196998 | |
| 31-12-2021 | micro format | 27-06-2022 | 2022-20097854 | |
| 31-12-2020 | micro format | 08-07-2021 | 2021-33500022 | |
| 31-12-2019 | micro format | 01-07-2020 | 2020-26000550 | |
| 31-12-2018 | micro format | 15-07-2019 | 2019-34400182 | |
| 31-12-2017 | micro format | 05-07-2018 | 2018-30100149 | |
| 31-12-2016 | micro format | 07-07-2017 | 2017-28600044 |
Comparable companies
These companies have the same main activity as PRAGMIS: pre-press and pre-media services (NACE 18130). They are comparable in size and age: total assets between €10,100 and €17,600, founded between 2007 and 2016.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| PRAGMIS Wezembeek-Oppem | 2012 | €12,704 | €2,334 | -€13,319 | -€15,408 | 2025 |
| Oneby Braine-l'Alleud | 2015 | €10,142 | -€69,641 | -€4,025 | -€8,729 | 2025 |
| FINK Turnhout | 2014 | €17,558 | -€29,528 | -€8,491 | -€11,304 | 2026 |
| COOLVILLE Gent | 2009 | €15,802 | €12,903 | €158 | -€1,114 | 2025 |
| Be-Sign Hannut | 2016 | €15,296 | €10,749 | -€20,686 | -€21,985 | 2025 |
| FREA Brugge | 2007 | €13,488 | -€12,371 | €557 | -€2,327 | 2025 |
| SWITCH MEDIA Philippeville | 2007 | €12,513 | -€2,131 | -€214 | -€692 | 2025 |
They were chosen from the 847 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Fallon Jonathan |
|
Owners and capital
Owners
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 22302D0025/00B018 | Flanders | 695 m² | - | - |
| 21362B0036/00D004 | Brussels | 136 m² | 1 · 136 m² | 22.6 m · 6 |