PRAX SHIPPING I
The computed 12-month bankruptcy probability of PRAX SHIPPING I is 3.9% (moderate). The 2025 annual accounts show negative equity (€-1.99M) and a net result of €-828k. Equity is shrinking by ~55.8% per year across the filed fiscal years. Its solvency ranks better than 8% of 338 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-1.99M |
| Net result | €-828k |
| Better than sector | 8% |
| Active | 4 yrs |
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -29.8% | 36.5% | |
| Net result | €-828k | €44k | |
| Equity | €-1.99M | €279k | |
| Gross operating margin | €609k | €244k | |
| Total assets | €6.66M | €1.22M |
Show 11 other metrics
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | €3.41M |
| EBITDA | €299k |
| Net profit | €-828k |
| Cash flow | €6k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €6.66M |
| Equity | €-1.99M |
| Debt | €8.64M |
| of which ≤ 1y | €8.20M |
| of which > 1y | - |
| Working capital | €-5.60M |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 0.32 |
| Quick ratio | 0.32 |
| Working capital ratio | -84.1% |
| Solvency | -29.8% |
| Debt / equity | -4.35 |
| Long-term debt ratio | - |
| Interest coverage | 0.61 |
| Gross margin | 17.9% |
| Net margin | -24.3% |
| ROA | -12.4% |
| ROE | 41.7% |
| EBITDA margin | 8.8% |
| Days sales outstanding | 150d |
| Days payable outstanding | 12d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (21 line items)
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €6.66M |
| Fixed assets | 21/28 | €4.05M |
| Tangible fixed assets | 22/27 | €4.05M |
| Current assets | 29/58 | €2.60M |
| Amounts receivable within one year | 40/41 | €1.40M |
| Cash & bank | 54/58 | €1.20M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €6.66M |
| Equity | 10/15 | €-1.99M |
| Contributions / capital | 10/11 | €501k |
| Accumulated profits (losses) | 14 | €-2.49M |
| Amounts payable | 17/49 | €8.64M |
| Amounts payable within one year | 42/48 | €8.20M |
| Trade debts payable within one year | 44 | €92k |
| Income statement | ||
| Turnover | 70 | €3.41M |
| Gross operating margin | 9900 | €609k |
| Operating result | 9901 | €-536k |
| Financial income | 75 | €198k |
| Financial charges | 65 | €491k |
| Result before taxes | 9903 | €-828k |
| Net result for the period | 9904 | €-828k |
| Result to be appropriated | 9905 | €-828k |
-
Current24-07-2025 → present
Former directors (2)
-
Former15-06-2022 → 24-07-2025
2 events
- 24-07-2025 Resigned· Director
- 15-06-2022 Appointed· Director
-
Former- → 15-06-2022
| NACE primary | Handelsbemiddeling in de groothandel in brandstoffen, ertsen, metalen en chemische producten(46120) |
| Legal form | Private limited company(610) |
| Incorporation | 08-11-2021 |
| Status | Active |
| Postal code | 1190 |
Show 2 more network connections
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0063/00S009 | Brussels | 5,009 m² | 1 · 1,300 m² | 21.3 m · 4 fl. |
| 11008B0231/00G002 | Flanders | 3,097 m² | 1 · 1,162 m² | 17.6 m · 5 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
27-03-2026 2 directors appointed
- Grant Thornton Réviseurs d'Entreprises SRL, Commissaris
- Danny De Jonge, Commissaris
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}13-08-2025 1 director appointed, 1 resigning
- Nicholas John Pike, Bestuurder
- Winston Sanjeevkumar Soosaipillai, Bestuurder
Technical details
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}26-05-2025 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
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}25-02-2025 Articles of association amended
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}15-03-2024 Articles of association amended
Technical details
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}21-06-2022 1 director appointed, 1 resigning
- SOOSAIPILLAI Winston Sanjeevkumar, Bestuurder
- BORNEO Don Camillo Emilio, Bestuurder
Technical details
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}| Legal nameNL | PRAX SHIPPING I |