PREDEBO
ActiveSummary
PREDEBO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38k and a net result of €-23k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability8▼-32
Solvency39▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.11 against 0.32 in 2024; short-term debt: 52.5% and cash: 3.4% of total assets), and 86.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13.6%
Return on assets
-8.2%
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 15% of 7838 sector peers (2025).
NBB · sector comparisonPosition among 7838 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
20 d late
2024
31 d late
2023
20 d late
2022
29 d late
2021
31 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€38k▼ 37.7%
2024 · €61k
2018: €-31k
2019: €-37k▼ -18.2% vs 2018lowest in 8 years
2020: €-33k▲ +9.7% vs 2019
2021: €-22k▲ +32.0% vs 2020
2022: €40k▲ +278% vs 2021
2023: €59k▲ +47.7% vs 2022
2024: €61k▲ +2.8% vs 2023highest in 8 years
2025: €38k▼ -37.7% vs 2024
2018 → 2025
Total assets
€277k▼ 15.0%
2024 · €326k
2018: €357khighest in 8 years
2019: €337k▼ -5.6% vs 2018
2020: €326k▼ -3.1% vs 2019
2021: €329k▲ +0.9% vs 2020
2022: €349k▲ +5.9% vs 2021
2023: €338k▼ -3.0% vs 2022
2024: €326k▼ -3.5% vs 2023
2025: €277k▼ -15.0% vs 2024lowest in 8 years
2018 → 2025
Net result
€-23k
2024 · €2k
2018: €4k
2019: €-6k▼ -231% vs 2018
2020: €4k▲ +163% vs 2019
2021: €11k▲ +198% vs 2020
2022: €62k▲ +491% vs 2021highest in 8 years
2023: €19k▼ -69.4% vs 2022
2024: €2k▼ -91.4% vs 2023
2025: €-23k▼ -1493% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-130k▼ 21.1%
2024 · €-108k
2018: €-167k
2019: €-176k▼ -5.3% vs 2018
2020: €-177k▼ -0.8% vs 2019lowest in 8 years
2021: €-163k▲ +7.8% vs 2020
2022: €-141k▲ +13.7% vs 2021
2023: €-126k▲ +10.5% vs 2022
2024: €-108k▲ +14.8% vs 2023highest in 8 years
2025: €-130k▼ -21.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-22k-€40k€59k▲ 47.7%€61k▲ 2.8%€38k▼ 37.7%
2021: €-22klowest in 5 years
2022: €40k▲ +278% vs 2021
2023: €59k▲ +47.7% vs 2022
2024: €61k▲ +2.8% vs 2023highest in 5 years
2025: €38k▼ -37.7% vs 2024
Operating result€12k-€65k▲ 429%€22k▼ 66.2%€16k▼ 27.9%€-22k
2021: €12k
2022: €65k▲ +429% vs 2021highest in 5 years
2023: €22k▼ -66.2% vs 2022
2024: €16k▼ -27.9% vs 2023
2025: €-22k▼ -238% vs 2024lowest in 5 years
Net result€11k-€62k▲ 491%€19k▼ 69.4%€2k▼ 91.4%€-23k
2021: €11k
2022: €62k▲ +491% vs 2021highest in 5 years
2023: €19k▼ -69.4% vs 2022
2024: €2k▼ -91.4% vs 2023
2025: €-23k▼ -1493% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €22k after €16k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €277k
Fixed assets
€262k ▼ 4.9%
Current assets
€15k ▼ 69.8%
Equity and liabilities €277k
Equity
€38k ▼ 37.7%
Debt
€239k ▼ 9.9%
Debt's share of the balance-sheet total rises from 81.4% to 86.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-8k▼
2024 · €35k
Cash flow
€-9k▼
2024 · €21k
Current ratio
0.11▼
2024 · 0.32
Debt to equity
6.35▲
2024 · 4.39
ROE
-60.5%▼
2024 · 2.7%
ROA
-8.2%▼
2024 · 0.5%
Interest coverage
-8.23▼
2024 · 2.43
Debt ≤ 1 year
€146k▼
2024 · €158k
Debt > 1 year
€73k▼
2024 · €85k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€326k€277k▼
Fixed assets21/28€275k€262k▼
Tangible fixed assets22/27€275k€262k▼
Land and buildings22€273k€261k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€51k€15k▼
Amounts receivable within one year40/41€3k€6k▲
Trade receivables40€48-
Other amounts receivable41€3k€6k▲
Cash at bank and in hand54/58€48k€9k▼
Equity and liabilities
Total equity and liabilities10/49€326k€277k▼
Equity10/15€61k€38k▼
Contributions10/11€64k€64k=
Capital10€64k€64k=
Issued capital100€64k€64k=
Reserves13€4k€4k=
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€-7k€-30k▼
Amounts payable17/49€266k€239k▼
Amounts payable after more than one year17€85k€73k▼
Financial debts170/4€85k€73k▼
Amounts payable within one year42/48€158k€146k▼
Current portion of amounts payable after more than one year42€12k€12k▲
Trade debts44€12k€196▼
Suppliers440/4€12k€196▼
Advances received on contracts in progress46€2k€2k=
Taxes, remuneration and social security45€650-
Taxes450/3€650-
Other amounts payable47/48€132k€132k▼
Accrued charges and deferred income492/3€22k€21k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€14k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€37k€-6k▼
Operating profit (loss)9901€16k€-22k▼
Financial income75/76B€135€171▲
Recurring financial income75€135€171▲
Financial charges65/66B€14k€1k▼
Recurring financial charges65€14k€1k▼
Profit (loss) for the period before taxes9903€2k€-23k▼
Profit (loss) for the period9904€2k€-23k▼
Profit (loss) for the period to be appropriated9905€2k€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-30k▼
Profit (loss) brought forward from the previous period14P€-9k€-7k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €41k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €15k | €7k | €19k | €14k | ▼ 28.9% |
| Other operating charges640/8 | €2k | €2k | €3k | €2k | €2k | ▼ 4.4% |
| Gross operating margin9900 | €29k | €82k | €32k | €37k | €-6k | ▼ 118% |
| Operating profit (loss)9901 | €12k | €65k | €22k | €16k | €-22k | ▼ 238% |
| Financial income75/76B | €18 | €1 | €40 | €135 | €171 | ▲ 26.6% |
| Recurring financial income75 | €18 | €1 | €40 | €135 | €171 | ▲ 26.6% |
| Financial charges65/66B | €2k | €3k | €3k | €14k | €1k | ▼ 92.9% |
| Recurring financial charges65 | €2k | €3k | €3k | €14k | €1k | ▼ 92.9% |
| Profit (loss) for the period before taxes9903 | €11k | €62k | €19k | €2k | €-23k | ▼ 1,493% |
| Profit (loss) for the period9904 | €11k | €62k | €19k | €2k | €-23k | ▼ 1,493% |
| Profit (loss) for the period to be appropriated9905 | €11k | €62k | €19k | €2k | €-23k | ▼ 1,493% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €329k | €349k | €338k | €326k | €277k | ▼ 15.0% |
| Fixed assets21/28 | €273k | €300k | €292k | €275k | €262k | ▼ 4.9% |
| Tangible fixed assets22/27 | €273k | €299k | €292k | €275k | €262k | ▼ 4.9% |
| Land and buildings22 | €270k | €299k | €292k | €273k | €261k | ▼ 4.7% |
| Plant, machinery and equipment23 | €2k | €500 | - | - | - | - |
| Furniture and vehicles24 | €508 | - | - | €2k | €1k | ▼ 40.1% |
| Financial fixed assets28 | €750 | €750 | - | - | - | - |
| Current assets29/58 | €56k | €49k | €46k | €51k | €15k | ▼ 69.8% |
| Stocks and contracts in progress3 | €13k | €7k | - | - | - | - |
| Stocks30/36 | €13k | €7k | - | - | - | - |
| Amounts receivable within one year40/41 | €2k | €28k | €7k | €3k | €6k | ▲ 110% |
| Trade receivables40 | €1k | €595 | €4k | €48 | - | - |
| Other amounts receivable41 | €1k | €28k | €3k | €3k | €6k | ▲ 113% |
| Cash at bank and in hand54/58 | €41k | €14k | €39k | €48k | €9k | ▼ 80.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €329k | €349k | €338k | €326k | €277k | ▼ 15.0% |
| Equity10/15 | €-22k | €40k | €59k | €61k | €38k | ▼ 37.7% |
| Contributions10/11 | €64k | €64k | €64k | €64k | €64k | = |
| Capital10 | €64k | €64k | €64k | €64k | €64k | = |
| Issued capital100 | €64k | €64k | €64k | €64k | €64k | = |
| Reserves13 | €4k | €4k | €4k | €4k | €4k | = |
| Distributable reserves133 | €4k | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €-90k | €-28k | €-9k | €-7k | €-30k | ▼ 327% |
| Amounts payable17/49 | €352k | €309k | €279k | €266k | €239k | ▼ 9.9% |
| Amounts payable after more than one year17 | €123k | €108k | €97k | €85k | €73k | ▼ 14.1% |
| Financial debts170/4 | €123k | €108k | €97k | €85k | €73k | ▼ 14.1% |
| Amounts payable within one year42/48 | €219k | €190k | €172k | €158k | €146k | ▼ 8.1% |
| Current portion of amounts payable after more than one year42 | €12k | €12k | €12k | €12k | €12k | ▲ 0.9% |
| Trade debts44 | €4k | €2k | €13k | €12k | €196 | ▼ 98.4% |
| Suppliers440/4 | €4k | €2k | €13k | €12k | €196 | ▼ 98.4% |
| Advances received on contracts in progress46 | €2k | €2k | €2k | €2k | €2k | = |
| Taxes, remuneration and social security45 | - | - | €5k | €650 | - | - |
| Taxes450/3 | - | - | €5k | €650 | - | - |
| Other amounts payable47/48 | €202k | €174k | €141k | €132k | €132k | ▼ 0.2% |
| Accrued charges and deferred income492/3 | €9k | €11k | €10k | €22k | €21k | ▼ 6.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €62k | €19k | €2k | €-23k | ▼ 1,493% |
| + Depreciation and write-downs630 | €15k | €15k | €7k | €19k | €14k | ▼ 28.9% |
| Operating cash flow (approximation) | €25k | €77k | €26k | €21k | €-9k | ▼ 145% |
| Investment in fixed assets (approximation) | - | €-41k | €750 | €-2k | €0 | ▲ 100% |
| Change in cash | - | €-27k | €25k | €9k | €-39k | ▼ 515% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 20 days late
2025
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €62k ▲491%
Operating result €65k, net result €62k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Geraardsbergen · 1 establishment unit since 2003
Ground area
1,219 m²
Building footprint
218 m²
Volume, LiDAR
1,276 m³
2 parcels, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NV Predebo
since 20032.134.285.258
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23023C0240/00M000 | Flanders | 781 m² | 1 · 140 m² | 10.8 m · 2 fl. |
| 41041B0458/00Y000 | Flanders | 438 m² | 1 · 79 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,094 companies in sector 43240 we hold annual accounts for 1,633. 1,285 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-11-2003
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
43222Installation of electric heating, air conditioning, cooling and ventilation
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.