Prax Shipping II

Active

Private limited companyfounded 2021active for 4 yearsVan Volxemlaan 302-304, 1190 Vorst, Belgium52 active companies are registered at this addressKBO/BCE: BE 0777.954.846

From the official registers: KBO 4 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of Prax Shipping II is 8.4% (elevated). The 2025 annual accounts show negative equity (-€2.9m) and a net result of -€1.1m. Equity has been shrinking by about 49% per year since 2022. Its solvency ranks better than 5% of 9,829 sector peers (NACE 46, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.

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Prax Shipping IIActiveChecked score 30/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 02-12-2021 Normal situation
Legal form: Private limited company
Registered office: Van Volxemlaan 302-304, 1190 Vorst
Activity: Wholesale trade NACE 46120and 5 others
Establishment unit: 2.327.775.613 1190 Vorst, since 01-01-2022
Financial year end: 28 February
Peppol: Reachable since 09-04-2026

Company details

Board and ownership

Board

Nicholas John PikeDirector · since 24-07-2025

Auditor: Grant Thornton Réviseurs d'Entreprises SRL

Shareholders

PRAX SHIPPING LIMITED100%act of 21-06-2022

Board & ownership

Financial position

30 Weak Checked score 2025

Bankruptcy probabilitywithin 12 months: 8.4%

Annual accounts to 28-02-2025

Turnover: €2.2m; ▼ 12.3%
Loss: €1.1m; ▲ 262%
Equity: -€2.9m; ▼ 58.1%
Total assets: €3.9m; ▼ 27.1%

2025 accounts filed 248 days after the deadline

Filed on 05-06-2026PDF

Financials

Score breakdownraises risk1 financial year not filed after the legal deadline; last filed accounts filed 250 days late; 3 of the last 3 accounts late1 change of registered office in 24 monthsLoss of €1.1m, the second in a row (financial year 2025)Figures for financial year 2025 (filed on 05-06-2026)Show the evidence

Checked score

Score 2025

30 / 100

Weak

Probability in this band: 4.2% to 15.0%

Financially stronger than 7% of small companies in wholesale trade (NACE 46)

Every signal that counts is listed under Signals.

Financial strength · tick: 2024

Weak

Solvency 0=

equity -72.9% of total assets

Liquidity 2-11

short-term debt 170.4% · cash 1.7%

Profitability 24-26

return on assets -26.8%

Bankruptcy probability within 12 months

8.4% Elevated

0%0.5%1.5%4%10%≥ 25%

About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,376 companies, NACE 46, small)

Last 24 months 11-2024: 15.5% 12-2024: 15.5%● unchanged vs 11-2024 01-2025: 15.5%● unchanged vs 12-2024 02-2025: 15.5%● unchanged vs 01-2025 03-2025: 20.4%▲ +4.9 percentage points vs 02-2025 04-2025: 20.4%● unchanged vs 03-2025 05-2025: 20.4%● unchanged vs 04-2025 06-2025: 20.4%● unchanged vs 05-2025 07-2025: 21.2%▲ +0.8 percentage points vs 06-2025highest value 08-2025: 21.2%● unchanged vs 07-2025 09-2025: 21.2%● unchanged vs 08-2025 10-2025: 20.4%▼ -0.8 percentage points vs 09-2025 11-2025: 20.4%● unchanged vs 10-2025 12-2025: 20.5%▲ +0.1 percentage points vs 11-2025 01-2026: 20.5%● unchanged vs 12-2025 02-2026: 20.5%● unchanged vs 01-2026 03-2026: 20.5%● unchanged vs 02-2026 04-2026: 20.5%● unchanged vs 03-2026 05-2026: 20.5%● unchanged vs 04-2026 06-2026: 20.5%● unchanged vs 05-2026 07-2026: 7.3%▼ -13.2 percentage points vs 06-2026lowest value 08-2026: 7.7%▲ +0.4 percentage points vs 07-2026 09-2026: 7.6%▼ -0.1 percentage points vs 08-2026 10-2026: 8.4%▲ +0.8 percentage points vs 09-2026

No credit on open account

Liquidity is insufficient, with a current ratio of 0.16 (0.24 in 2024), below 1. Short-term debt is 170.4% and cash 1.7% of total assets. Equity is negative.

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 46, small). It does better than 1% of them on solvency, 3% on liquidity, 14% on profitability and 9% 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

Six signals.

raises risk

1 financial year not filed after the legal deadline; last filed accounts filed 250 days late; 3 of the last 3 accounts late

NBB · filings

1 change of registered office in 24 months

Belgian Official Gazette

Loss of €1.1m, the second in a row (financial year 2025)

NBB · annual accounts

Figures for financial year 2025 (filed on 05-06-2026)

NBB · annual accounts

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

22232425

2022 to 2025 · latest year -€2.9m

2025 accounts filed 248 days late

The financial year that closed on 28-02-2025 was due by 30-09-2025 and was filed on 05-06-2026, 248 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.

NBB · 4 filings

Deviation from the deadline

2025

248 days late

2024

613 days late

2023

979 days late

2022

244 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 4 accounts on average 521 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Key points

Risk: Negative equitydebts exceed assets in financial year 2025 -€2.9m View
Risk: 4 loss-making years in a rowloss in financial year 2025 -€1.1m View
Caution: Result fell in 2025from -€290,260 to -€1.1m ▼ 262% View
Caution: Lower net result than 95% of companies in wholesale tradesector median €26,864 · 9,808 companies -€1.1m View

Documents

Key facts about Prax Shipping II

What is the company number of Prax Shipping II?: The company number of Prax Shipping II is 0777.954.846. The VAT number is the same number with BE in front: BE 0777.954.846.
Where is Prax Shipping II based?: The registered office is at Van Volxemlaan 302-304, 1190 Vorst.Company details
What does Prax Shipping II do?: According to the KBO register, the main activity is wholesale trade (NACE 46120).
What is the legal form of Prax Shipping II?: The legal form of Prax Shipping II is Private limited company (BV).
When was Prax Shipping II founded?: Prax Shipping II was founded on 02-12-2021.
Is Prax Shipping II still active?: Yes, Prax Shipping II is an active enterprise in the KBO register.
What is the turnover of Prax Shipping II?: The turnover of Prax Shipping II was €2.2m in financial year 2025, according to the filed annual accounts.Financials
Is Prax Shipping II profitable?: In financial year 2025, Prax Shipping II made a loss of €1.1m.
Where can I find the annual accounts of Prax Shipping II?: Prax Shipping II filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)

Companies linked to Prax Shipping II

Parent and group

PRAX SHIPPING LIMITED100%

Comparable companies

These companies have the same main activity as Prax Shipping II: wholesale trade (NACE 46120). They are comparable in size and age: total assets between €2m and €6.7m, founded between 2019 and 2023.

Company	Total assets	Gross margin
Prax Shipping II Vorst	€3.9m	€0.2m
PRAX SHIPPING I Vorst	€6.7m	€0.6m
LEAD PACIFIC Sint-Gillis (bij-Brussel)	€3.7m	€0.2m
Ferromac Europe Antwerpen	€3.0m	€0.6m
The Sulfolane Company Wezembeek-Oppem	€2.0m	€0.2m
OREMIN Verlaine	€3.9m	€0.6m
STEIGER PROJECT Lokeren	€3.3m	€0.8m

Full comparison

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Overview