PRAXIS
ActiveSummary
PRAXIS has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €196,400 and a net result of €13,271. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 16% of 469 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70=
Solvency41=
Growth52=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 1.82 against 1.71 in 2024; short-term debt: 53.9% and cash: 16.2% of total assets), but 83.8% of the assets are financed with debt.
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Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 88
Relative position
BE, all sectors
reference
Social work activities without accommodation (NACE 88)
about 62% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.2%
Return on assets
1.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 469 sector peers (2025).
NBB · sector comparisonPosition among 469 sector peers
Solvency
better than 16%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €196,400
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 25-03-2026, 128 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
128 d early
2024
36 d early
2023
106 d early
2022
122 d early
2021
122 d early
2020
243 d late
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 43 days before the deadline; the sector median for financial year 2024 is 24 days before the deadline, and 25% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 March (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€13,271▲ 81.7%
2024 · €7,304
Working capital
€533,735▲ 16.9%
2024 · €456,553
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 88, Social work activities without accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€841€534€866▲ 62.3%€6,585▲ 661%€13,356▲ 103%
Net result-€1,121within the sector's middle half▼ 1,476%€3,484within the sector's middle half€1,693within the sector's middle half▼ 51.4%€7,304within the sector's middle half▲ 331%€13,271within the sector's middle half▲ 81.7%
Equity€170,648within the sector's middle half▼ 0.7%€174,132within the sector's middle half▲ 2.0%€175,825within the sector's middle half▲ 1.0%€183,129within the sector's middle half▲ 4.2%€196,400within the sector's middle half▲ 7.2%
Total assets€793,945within the sector's middle half▼ 3.2%€901,772within the sector's middle half▲ 13.6%€1.0mwithin the sector's middle half▲ 14.5%€1.1mwithin the sector's middle half▲ 9.5%€1.2mwithin the sector's middle half▲ 7.1%
Debt€553,168▼ 9.3%€657,510▲ 18.9%€786,334▲ 19.6%€877,462▲ 11.6%€943,802▲ 7.6%
Working capital€260,682within the sector's middle half▲ 28.0%€314,323within the sector's middle half▲ 20.6%€238,412within the sector's middle half▼ 24.2%€456,553within the sector's middle half▲ 91.5%€533,735within the sector's middle half▲ 16.9%
Solvency21.5%below the sector's middle half▲ 0.6pp19.3%below the sector's middle half▼ 2.2pp17.0%below the sector's middle half▼ 2.3pp16.2%below the sector's middle half▼ 0.8pp16.2%below the sector's middle half=
Current ratio1.52within the sector's middle half▲ 0.171.56within the sector's middle half▲ 0.051.31within the sector's middle half▼ 0.251.71within the sector's middle half▲ 0.401.82within the sector's middle half▲ 0.11
Return on assets (ROA)-0.1%within the sector's middle half▼ 0.1pp0.4%within the sector's middle half▲ 0.5pp0.2%within the sector's middle half▼ 0.2pp0.6%within the sector's middle half▲ 0.5pp1.1%within the sector's middle half▲ 0.4pp
Staff (FTE)26.3within the sector's middle half▲ 5.2%23.3within the sector's middle half▼ 11.4%25within the sector's middle half▲ 7.3%25.7within the sector's middle half▲ 2.8%27.3within the sector's middle half▲ 6.2%
above
within
below
the middle half (P25 to P75) of NACE 88, Social work activities without accommodation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 103% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€24,423 ▼ 11.8%
Current assets
€1.2m ▲ 7.6%
Equity and liabilities €1.2m
Equity
€196,400 ▲ 7.2%
Provisions
€70,842 ▲ 1.0%
Debt
€943,802 ▲ 7.6%
Debt's share of the balance-sheet total rises from 77.6% to 77.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€25,845▲
2024 · €21,228
Cash flow
€25,761▲
2024 · €21,948
Debt to equity
4.81▲
2024 · 4.79
ROE
6.8%▲
2024 · 4.0%
Interest coverage
119.11▲
2024 · 90.86
Debt ≤ 1 year
€652,886▲
2024 · €646,491
Debt > 1 year
€12,150▼
2024 · €13,400
Staff costs
€2.3m▲
2024 · €2.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,681 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1.9m | €2.1m | €2.1m | €2.3m | ▲ 8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,081 | €11,487 | €11,686 | €14,644 | €12,490 | ▼ 14.7% |
| Non-recurring operating charges66A | - | €2,171 | €5,780 | €11 | - | - |
| Gross operating margin9900 | €1.9m | €1.9m | €2.1m | €2.1m | €2.3m | ▲ 8.5% |
| Operating profit (loss)9901 | -€841 | €534 | €866 | €6,585 | €13,356 | ▲ 103% |
| Financial income75/76B | - | €3,616 | €1,054 | €953 | €132 | ▼ 86.1% |
| Recurring financial income75 | - | €3,616 | €1,054 | €953 | €132 | ▼ 86.1% |
| Financial charges65/66B | - | €665 | €227 | €234 | €217 | ▼ 7.1% |
| Recurring financial charges65 | €281 | €665 | €227 | €234 | €217 | ▼ 7.1% |
| Profit (loss) for the period before taxes9903 | -€1,121 | €3,484 | €1,693 | €7,304 | €13,271 | ▲ 81.7% |
| Profit (loss) for the period9904 | -€1,121 | €3,484 | €1,693 | €7,304 | €13,271 | ▲ 81.7% |
| Profit (loss) for the period to be appropriated9905 | -€1,121 | €3,484 | €1,693 | €7,304 | €13,271 | ▲ 81.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €793,945 | €901,772 | €1.0m | €1.1m | €1.2m | ▲ 7.1% |
| Fixed assets21/28 | €28,189 | €28,353 | €23,552 | €27,678 | €24,423 | ▼ 11.8% |
| Intangible fixed assets21 | €1,440 | €576 | - | - | - | - |
| Tangible fixed assets22/27 | €22,036 | €19,015 | €16,527 | €19,580 | €16,306 | ▼ 16.7% |
| Furniture and vehicles24 | - | €10,589 | €8,035 | €12,726 | €11,970 | ▼ 5.9% |
| Other tangible fixed assets26 | - | €8,426 | €8,491 | €6,854 | €4,336 | ▼ 36.7% |
| Financial fixed assets28 | €4,713 | €8,763 | €7,026 | €8,098 | €8,117 | ▲ 0.2% |
| Current assets29/58 | €765,757 | €873,419 | €1.0m | €1.1m | €1.2m | ▲ 7.6% |
| Amounts receivable within one year40/41 | €256,915 | €396,728 | €435,794 | €336,588 | €266,551 | ▼ 20.8% |
| Trade receivables40 | - | €12,018 | €7,321 | €6,293 | €6,132 | ▼ 2.6% |
| Other amounts receivable41 | - | €384,710 | €428,473 | €330,295 | €260,419 | ▼ 21.2% |
| Current investments50/53 | €105,025 | €378,170 | €248,170 | €298,370 | €723,490 | ▲ 142% |
| Cash at bank and in hand54/58 | €401,177 | €98,520 | €324,773 | €468,085 | €196,581 | ▼ 58.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €793,945 | €901,772 | €1.0m | €1.1m | €1.2m | ▲ 7.1% |
| Equity10/15 | €170,648 | €174,132 | €175,825 | €183,129 | €196,400 | ▲ 7.2% |
| Reserves13 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Profit (loss) carried forward14 | €164,450 | €167,934 | €169,628 | €176,932 | €190,203 | ▲ 7.5% |
| Provisions and deferred taxes16 | €70,130 | €70,130 | €70,130 | €70,130 | €70,842 | ▲ 1.0% |
| Amounts payable17/49 | €553,168 | €657,510 | €786,334 | €877,462 | €943,802 | ▲ 7.6% |
| Amounts payable after more than one year17 | €17,150 | €15,900 | €14,650 | €13,400 | €12,150 | ▼ 9.3% |
| Other amounts payable178/9 | - | €15,900 | €14,650 | €13,400 | €12,150 | ▼ 9.3% |
| Amounts payable within one year42/48 | €505,074 | €559,096 | €770,325 | €646,491 | €652,886 | ▲ 1.0% |
| Current portion of amounts payable after more than one year42 | - | €1,250 | €1,250 | €1,250 | €1,250 | = |
| Trade debts44 | €29,361 | €41,333 | €41,895 | €15,598 | €14,972 | ▼ 4.0% |
| Suppliers440/4 | - | €41,333 | €41,895 | €15,598 | €14,972 | ▼ 4.0% |
| Taxes, remuneration and social security45 | - | €347,715 | €384,675 | €504,935 | €450,170 | ▼ 10.8% |
| Taxes450/3 | - | €24,252 | €24,803 | €74,742 | €36,258 | ▼ 51.5% |
| Remuneration and social security454/9 | - | €323,463 | €359,872 | €430,193 | €413,912 | ▼ 3.8% |
| Accrued charges and deferred income492/3 | - | €82,514 | €1,359 | €217,571 | €278,766 | ▲ 28.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,121 | €3,484 | €1,693 | €7,304 | €13,271 | ▲ 81.7% |
| + Depreciation and write-downs630 | €11,081 | €11,487 | €11,686 | €14,644 | €12,490 | ▼ 14.7% |
| Operating cash flow (approximation) | €9,960 | €14,972 | €13,379 | €21,948 | €25,761 | ▲ 17.4% |
| Investment in fixed assets (approximation) | - | -€11,652 | -€6,885 | -€18,769 | -€9,235 | ▲ 50.8% |
| Change in cash | - | -€302,657 | €226,253 | €143,312 | -€271,505 | ▼ 289% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
16-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €3,484
Net result €3,484 after 3 loss-making years.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 243 days late
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€7,358
Net result drops to -€7,358, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 9 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 9 days late
2017
25-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 12 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Liège · 3 establishment units since 1992
Ground area
1,005 m²
Building footprint
321 m²
Volume, LiDAR
3,893 m³
3 parcels, Brussels, Wallonia · tallest building 15.4 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
3 establishment units
PRAXIS
since 19922.159.360.055
PRAXIS
since 20162.252.280.612
PRAXIS
since 20162.252.280.810
3 parcels
Wallonia
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62808A0712/00M000 | Wallonia | 693 m² | 1 · 205 m² | 15.4 m · 4 fl. |
| 21805E0019/00N005 | Brussels | 158 m² | 1 · 42 m² | 7.7 m · 1 fl. |
| 52011B0239/00M063 | Wallonia | 153 m² | 1 · 73 m² | 15.3 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
Wallonia-Brussels Federation
2021 to 2025 · 16 entries · 5,029,902 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 4 | 1,802,588 EUR |
| 2024 | 4 | 1,595,980 EUR |
| 2023 | 6 | 1,590,904 EUR |
| 2021 | 2 | 40,430 EUR |
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ULYSSE
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CODDIWOMPLE
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Of 2,198 companies in this sector we hold annual accounts for 806. 630 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formNon-profit association
Founded11-01-1992
Fiscal year end31-12
Activities, NACEBEL 2025
88999Other social work without accommodation
Contact
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.