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PRAYON

Active
Public limited companyfounded 1928active for 97 yearsRue Joseph Wauters(ENG) 144, 4480 Engis, Belgium10 active companies are registered at this addressKBO/BCE: BE 0405.747.040
Summary

PRAYON has been active since 1928 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €202.2m and a net result of -€14.9m. Equity is growing by about 18% per year across the filed financial years. Its solvency ranks better than 19% of 317 sector peers (NACE 20, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Activity
Manufacture of chemicals and chemical products
NACE 20130
Largest employer in the province of Liège, Chemicals sector3 sites
Size
€874.4mturnover 2025
Staff
1,082.8 FTE
Equity
€202.2m
Loss
-€14.9m
Standalone figures, without subsidiaries
Financial health
80 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Structure
Parent
Office Chérifien des Phosphates
Holdings
18
Accounts 49 days early2 of 77 deeds read
Why 80raises riskLiquidity: current ratio 0.77, cash €49.1mEquity €202.2m (23.5% of total assets)Loss of €14.9m (financial year 2025)lowers riskLegal form: public limited companyShow the evidence

Checked score

Score 2025
80 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 21% of its sector peers (NACE 20, large)
Financial strength · tick = 2024
Weak
Solvency 48-3
equity 23.5% of total assets
Liquidity 17=
short-term debt 74.2% · cash 5.7%
Profitability 29-7
return on assets -1.7%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (44 companies, NACE 20, large)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025lowest value 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.4%▲ +0.2 percentage points vs 06-2026highest value 08-2026: 0.4%● unchanged vs 07-2026highest value 09-2026: 0.4%● unchanged vs 08-2026highest value 10-2026: 0.4%● unchanged vs 09-2026highest value
Credit of up to €16,150,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.77, compared with 0.84 in 2024; short-term debt: 74.2% and cash: 5.7% of total assets), and 76.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 20, large): better than 21% on solvency, 13% on liquidity, 18% on profitability and 32% on growth.

The bankruptcy probability was computed on 11-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.77, cash €49.1m
NBB · annual accounts
raises risk · Equity €202.2m (23.5% of total assets)
NBB · annual accounts
raises risk · Loss of €14.9m (financial year 2025)
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 317 sector peers (2025).
NBB · sector comparison
Position among 317 sector peers
Solvency
better than 19%
← weakest strongest →
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 12-06-2026, 49 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
49 days early
2024
58 days early
2023
50 days early
2022
42 days early
2021
38 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 47 days before the deadline; the sector median (NACE 20) for financial year 2024 is 22 days before the deadline, and 27% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
12-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Karim Lotfi Senhadji (director)Appointment: Younes Kchia (director)
  2. Annual accounts filedfinancial year 2025 · consolidated
  3. Annual accounts filedfinancial year 2025 · full…

Key points

  • Caution: From profit to loss in 2025after €3.5m in 2024 -€14.9m View
  • Caution: Among the weakest 5% on net resultsector median €461,868 · 318 companies -€14.9m View
  • Caution: Board changedlatest change 14-07-2026 · 1 in office 1 joined · 1 left View
  • Controlled by Office Chérifien des Phosphatesknown shareholders 91.9% parent View
  • Flemish supportawarded from 2022 to 2025 €1.9m View
  • Active since 1928founded 15-10-1928 97 years View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View

By topic

Financials

Financial year
2025
Turnover
€874.4m
Loss
-€14.9m
Solvency
23.5%
Turnover▼ 5.5%
Net result
20182025
Go to Financials

Board & ownership

Board
1 member
Parent
Office Chérifien des Phosphates
Known shareholders
91.9%
  • Younes KchiaDirector
Go to Board & ownership

Timeline

Events
90
Since
1978
Next accounts
by 31-07-2027
  1. 31-12-2025Weakest financial year
  2. 26-08-2025Resignation: Hicham EL HABTI (director)
  3. 20-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
3
Legal form
Public limited company
Activity
Manufacture of chemicals and chemical productsNACE 20130
Founded
15-10-1928
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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