PRECO

Active

Public limited companyfounded 199531 yrs activeStenenbrug 10, 2140 Antwerpen, BelgiumKBO/BCE: BE 0454.626.528

The file of PRECO contains 2 historical bankruptcy publications and 1 administrative flag, as published in the Belgian State Gazette.

Summary

The computed 12-month bankruptcy probability is 4.3% (elevated). The 2025 annual accounts show negative equity (-€1.0m) and a net result of -€62,113. Equity is shrinking by ~50.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 16759 sector peers (fiscal year 2025).

Risk analysisWatch Report Compare

PRECOActiveChecked score 46/100

Risk analysis Report Compare

Activity

Buying and selling of own real estate

NACE 68110

1 site

Size

€1.2mtotal assets 2025

Equity: -€1.0m
Loss: -€62,113

Turnover not published (abridged schema)

Financial health

46 Fair Checked score 2025

Bankruptcy chance 12 m: 4.3%

Structure

Board: 1 member

Accounts filed 115 d late1 of 5 deeds read

Why 46- Liquidity: current ratio 1.28- Latest accounts 116 days late; 3 of the last 3 late- Ex-officio strike-off in the KBO+ Founded in 1995Show the evidence

Checked score

Score 2025

46 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 17% of its sector peers (NACE 68, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Weak

Solvency 0=

equity -86.1% of total assets

Liquidity 21-1

short-term debt 72.8%

Profitability 12+12

return on assets -5.3%

Bankruptcy probability, 12 months

4.3% Elevated

0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,529 companies)

Last 24 months 11-2024: 3.7%lowest value 12-2024: 3.7%● 0.0% vs 11-2024lowest value 01-2025: 3.7%● 0.0% vs 12-2024lowest value 02-2025: 3.7%● 0.0% vs 01-2025lowest value 03-2025: 3.7%● 0.0% vs 02-2025lowest value 04-2025: 3.7%● 0.0% vs 03-2025lowest value 05-2025: 6.8%▲ +83.3% vs 04-2025 06-2025: 6.8%● 0.0% vs 05-2025 07-2025: 6.8%● 0.0% vs 06-2025 08-2025: 6.8%● 0.0% vs 07-2025 09-2025: 6.8%● 0.0% vs 08-2025 10-2025: 6.8%● 0.0% vs 09-2025 11-2025: 6.8%● 0.0% vs 10-2025 12-2025: 6.8%● 0.0% vs 11-2025 01-2026: 6.8%● 0.0% vs 12-2025 02-2026: 10.3%▲ +50.0% vs 01-2026 03-2026: 10.2%▼ -0.9% vs 02-2026 04-2026: 10.9%▲ +6.8% vs 03-2026highest value 05-2026: 10.5%▼ -3.0% vs 04-2026 06-2026: 4.4%▼ -58.6% vs 05-2026 07-2026: 4.4%● 0.0% vs 06-2026 08-2026: 4.4%▲ +1.6% vs 07-2026 09-2026: 4.3%▼ -2.0% vs 08-2026 10-2026: 4.3%▼ -2.0% vs 09-2026

Liquidity: current ratio 1.28 raises the probability
Latest accounts 116 days late; 3 of the last 3 late raises the probability
Ex-officio strike-off in the KBO raises the probability
Founded in 1995 lowers the probability for this profile

No credit on open account

Liquidity tight (current ratio 1.28 against 1.29 in 2024; short-term debt: 72.8% of total assets), and equity is negative.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 5%, liquidity 17%, profitability 14%, growth against the median 32%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Liquidity: current ratio 1.28

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Latest accounts 116 days late; 3 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

Ex-officio strike-off in the KBO

In the bankruptcy model this factor raises the probability.

KBO publications

Founded in 1995

In the bankruptcy model this factor lowers the probability for this profile.

KBO

Negative equity

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

NBB · annual accounts 2025

Equity per financial year

19202122232425

2019 to 2025 · latest year -€1.0m

Prior bankruptcy

Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.

Belgian State Gazette

Filed more than 90 days late

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-05-2026, 115 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2025

115 d late

2024

339 d late

2023

705 d late

2022

1070 d late

2021

1435 d late

2020

2 d early

2019

50 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 516 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Administrative warnings in the KBO publications

2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.

KBO publications

Publications

Late accounts filingStrikeout withdrawn

Checked, nothing found (1)

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 5 January (4 of the last 5 filed years within 590 days of that day).

Companies Code · seven months

Position in the running window

30-06-2026 close06-10-2026 today31-01-2027 deadline

10-07-26 Resignations & appointmentsReappointments: Peter Van Ende, Jozef…
26-05-26 Annual accounts filedfiscal year 2025 · micro…
23-01-26 Strikeout withdrawnevent 05-01-2026

Key points

Risk: Negative equityfiscal year 2025: debts exceed assets -€1.0m View
Risk: 4 loss-making years in a rowloss fiscal year 2025 -€62,113 View
Caution: Among the weakest 5% on solvencysector median 29.4% · 16,759 companies -86.1% View
Caution: Board changedlatest change 10-07-2026 · 1 in office 1 joined · 2 left View
Caution: Latest accounts filed lateafter the legal deadline 115 d View
Positive: Result rose in 2025from -€197,290 to -€62,113 ▲ 68.5% View