Skip to content

Pri-Imo

Active
Public limited companyfounded 1982active for 44 yearsVijfseweg 136, 8790 Waregem, BelgiumKBO/BCE: BE 0422.853.979

Financials · financial year 2022, abbreviated format

2023 annual accounts not yet filed, deadline passed on 31 July 2024 The financial year closed on 31 December 2023. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 3 financial years without a filing since the last one filed. Source: NBB filings, as of 1 November 2026.

Annual accounts 2022 filed on 30-08-2024 PDF all 41 filings

Turnover
€1.2m▲ 208%
2021 · €391,256
EBIT margin
-92.4%▼ 1616.9pp
2021 · 1524.5%
Net result
-€1.0m
2021 · €4.7m
Working capital
€3.7m▼ 21.9%
2021 · €4.7m
Trend over the years

2018 to 2022, 5 financial years 2018 to 2022, 5 financial years

The operating result for 2022 is a loss of €1.1m, after a profit of €6.0m in 2021. It is the lowest result since 2018.

Turnover€1.2m 2022 Operating result-€1.1m 2022 Net result-€1.0m 2022

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022
Turnover€0.1m€0.2m▲ 36.3%€0.4m▲ 116%€1.2m▲ 208%
Operating result-€0.09m--€0.4m▼ 341%€0.07m€6.0m▲ 83×-€1.1m
Net result-€0.1m--€0.4m▼ 302%€0.06mwithin the sector's middle half€4.7mabove the sector's middle half▲ 74×-€1.0mbelow the sector's middle half
EBIT margin-303.3%39.7%▲ 343.1pp1524.5%▲ 1484.7pp-92.4%▼ 1616.9pp
Equity€0.3m--€0.08m-€0.01mbelow the sector's middle half▲ 81.5%€4.7mabove the sector's middle half€3.7mabove the sector's middle half▼ 21.4%
Total assets€2.2m-€1.6m▼ 29.8%€1.0mwithin the sector's middle half▼ 36.5%€6.5mwithin the sector's middle half▲ 553%€6.6mabove the sector's middle half▲ 1.5%
Debt€1.9m-€1.7m▼ 13.1%€1.0m▼ 38.7%€1.8m▲ 80.8%€2.9m▲ 60.1%
Working capital-€0.6m--€1.0m▼ 76.4%-€0.4mbelow the sector's middle half▲ 63.9%€4.7mabove the sector's middle half€3.7mabove the sector's middle half▼ 21.9%
Solvency15.2%--4.9%▼ 20.2pp-1.4%below the sector's middle half▲ 3.5pp71.9%above the sector's middle half▲ 73.3pp55.6%within the sector's middle half▼ 16.2pp
Current ratio0.68-0.37▼ 0.300.63within the sector's middle half▲ 0.263.55above the sector's middle half▲ 2.922.25within the sector's middle half▼ 1.31
Return on assets (ROA)-4.7%--26.7%▼ 22.0pp6.4%above the sector's middle half▲ 33.0pp72.1%above the sector's middle half▲ 65.8pp-15.2%below the sector's middle half▼ 87.3pp
Staff (FTE)1within the sector's middle half
above within below The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Large changes and their cause
  • 2022 Turnover +208% on 2021. The accounts now follow the abbreviated format, last year the full format.
  • 2019 Net result -302% on 2018. The accounts now follow the full format, last year the micro format.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €6.6m
Fixed assets €23,486 ▲ 566%
Current assets €6.6m ▲ 1.2%
Equity and liabilities €6.6m
Equity €3.7m ▼ 21.4%
Debt €2.9m ▲ 60.1%
Debt's share of the balance-sheet total rises from 28.1% to 44.4%. Equity is lower and debt is higher.
Key figures and ratios
2022 value · change against 2021
EBITDA
-€1.1m▼
2021 · €6.0m
Cash flow
-€1.0m▼
2021 · €4.7m
Quick ratio
1.79▼
2021 · 3.21
Debt to equity
0.80▲
2021 · 0.39
ROE
-27.3%▼
2021 · 100.3%
Interest coverage
-51.05▼
2021 · over 100
Debt ≤ 1 year
€2.9m▲
2021 · €1.8m
Customer credit
114 days▼
2021 · 178 days
Supplier credit
123 days▼
2021 · 299 days
Staff costs
€84,197▲
2021 · €707
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as Pri-Imo: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €4.4m and €11m, founded between 1966 and 1992.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
Pri-Imo Waregem1982€6.6m€3.7m-€1.0m€1.2m-€1.0m12022
CHIMAY PATRIMOINE Chimay1966€8.5m€6.2m-€1.4m€0.3m12025
Investments Degroote Oostende1991€5.4m€4.5m-€1.0m-€0.5m22025
IMMOSOIRHEID Stoumont1988€11.1m-€2.6m-€0.2m--€0.5m0.82025
IMMOBILIERE DU SART Mons1989€9.1m€0.08m-€0.003m--€0.3m0.52025
INVESTISSEMENTS, PARTICIPATION ET GESTION Sint-Pieters-Woluwe1987€4.4m€3.6m-€0.5m€0.01m12025
HET GROENDOM Schoten1992€9.1m€4.5m-€0.03m--€0.03m22025

They were chosen from the 7,231 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 66 lines

Source: Annual accounts 2022 (PDF), filed on 30-08-2024.

Balance sheet Code20212022
Assets
Total assets20/58€6.5m€6.6m▲
Fixed assets21/28€0.004m€0.02m▲
Tangible fixed assets22/27€0.004m€0.02m▲
Land and buildings22€0.004m-
Plant, machinery and equipment23-€0.003m
Furniture and vehicles24-€0.02m
Financial fixed assets28€5€5=
Other financial fixed assets284/8€5-
Amounts receivable and cash guarantees285/8€5-
Current assets29/58€6.5m€6.6m▲
Stocks and contracts in progress3€0.6m€1.3m▲
Stocks30/36€0.6m€1.3m▲
Raw materials and consumables30/31€0.6m-
Amounts receivable within one year40/41€2.7m€3.5m▲
Trade receivables40€0.2m€0.4m▲
Other amounts receivable41€2.5m€3.1m▲
Cash at bank and in hand54/58€3.2m€1.8m▼
Equity and liabilities
Total equity and liabilities10/49€6.5m€6.6m▲
Equity10/15€4.7m€3.7m▼
Contributions10/11€0.8m€0.8m=
Capital10€0.8m€0.8m=
Issued capital100€0.8m€0.8m=
Contributions outside capital11€262€262=
Share premium1100/10€262€262=
Reserves13€0.5m€0.5m=
Non-distributable reserves130/1€0.04m€0.04m=
Legal reserve130€0.04m€0.04m=
Tax-exempt reserves132€0.1m€0.1m=
Distributable reserves133€0.3m€0.3m=
Profit (loss) carried forward14€3.4m€2.4m▼
Amounts payable17/49€1.8m€2.9m▲
Amounts payable within one year42/48€1.8m€2.9m▲
Current portion of amounts payable after more than one year42-€0.7m
Trade debts44€0.3m€1.0m▲
Suppliers440/4€0.3m€1.0m▲
Advances received on contracts in progress46€0.3m-
Taxes, remuneration and social security45€1.3m€1.3m▼
Taxes450/3€1.3m€1.3m▼
Remuneration and social security454/9€0€0.008m▲
Income statement Code20212022
Operating income70/76A€8.7m-
Turnover70€0.4m€1.2m▲
Non-recurring operating income76A€8.3m€0.3m▼
Operating charges60/66A€2.7m-
Goods, raw materials, services and sundry goods60/61-€3.0m
Goods for resale, raw materials and consumables60€0.3m-
Purchases600/8€0.3m-
Remuneration, social security and pensions62€0.001m€0.08m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.002m€0.003m▲
Other operating charges640/8€0.001m€0.02m▲
Non-recurring operating charges66A€2.4m-
Gross operating margin9900--€1.0m
Operating profit (loss)9901€6.0m-€1.1m▼
Financial income75/76B€0.02m€0.1m▲
Recurring financial income75€0.02m€0.1m▲
Income from financial fixed assets750€0.02m-
Financial charges65/66B€0.01m€0.02m▲
Recurring financial charges65€0.01m€0.02m▲
Debt charges650€0.01m-
Profit (loss) for the period before taxes9903€6.0m-€1.0m▼
Income taxes67/77€1.3m-
Taxes670/3€1.3m-
Profit (loss) for the period9904€4.7m-€1.0m▼
Profit (loss) for the period to be appropriated9905€4.7m-€1.0m▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.4m€2.4m▼
Profit (loss) brought forward from the previous period14P-€1.3m€3.4m▲
Social balance sheet
Average headcount (FTE)9087-1.0

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line20182019202020212022Change
Operating income70/76A-€0.1m€0.2m€8.7m--
Turnover70-€0.1m€0.2m€0.4m€1.2m▲ 208%
Non-recurring operating income76A---€8.3m€0.3m▼ 96.6%
Operating charges60/66A-€0.5m€0.1m€2.7m--
Goods, raw materials, services and sundry goods60/61----€3.0m-
Goods for resale, raw materials and consumables60-€0.07m€0.02m€0.3m--
Purchases600/8-€0.07m€0.02m€0.3m--
Remuneration, social security and pensions62---€0.001m€0.08m▲ 119×
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€0.09m€0.07m€0.002m€0.003m▲ 120%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.3m----
Other operating charges640/8-€0.01m€0.02m€0.001m€0.02m▲ 28×
Non-recurring operating charges66A-€0.1m-€2.4m--
Gross operating margin9900€0.03m----€1.0m-
Operating profit (loss)9901-€0.09m-€0.4m€0.07m€6.0m-€1.1m-
Financial income75/76B---€0.02m€0.1m▲ 469%
Recurring financial income75€0.006m--€0.02m€0.1m▲ 469%
Income from financial fixed assets750---€0.02m--
Financial charges65/66B-€0.02m€0.009m€0.01m€0.02m▲ 49.8%
Recurring financial charges65€0.02m€0.02m€0.009m€0.01m€0.02m▲ 49.8%
Debt charges650-€0.02m€0.009m€0.01m--
Profit (loss) for the period before taxes9903-€0.1m-€0.4m€0.06m€6.0m-€1.0m-
Income taxes67/77---€1.3m--
Taxes670/3---€1.3m--
Profit (loss) for the period9904-€0.1m-€0.4m€0.06m€4.7m-€1.0m-
Profit (loss) for the period to be appropriated9905-€0.1m-€0.4m€0.06m€4.7m-€1.0m-
Line20182019202020212022Change
Assets
Total assets20/58€2.2m€1.6m€1.0m€6.5m€6.6m▲ 1.5%
Fixed assets21/28€1.1m€1.0m€0.4m€0.004m€0.02m▲ 566%
Tangible fixed assets22/27€1.1m€1.0m€0.4m€0.004m€0.02m▲ 567%
Land and buildings22-€0.9m€0.3m€0.004m--
Plant, machinery and equipment23----€0.003m-
Furniture and vehicles24----€0.02m-
Other tangible fixed assets26-€0.1m€0.1m---
Financial fixed assets28€5€5€5€5€5=
Other financial fixed assets284/8-€5€5€5--
Amounts receivable and cash guarantees285/8-€5€5€5--
Current assets29/58€1.2m€0.6m€0.6m€6.5m€6.6m▲ 1.2%
Stocks and contracts in progress3€0.6m€0.6m€0.5m€0.6m€1.3m▲ 111%
Stocks30/36-€0.6m€0.5m€0.6m€1.3m▲ 111%
Raw materials and consumables30/31-€0.6m€0.5m€0.6m--
Amounts receivable within one year40/41€0.1m€0.01m€0.005m€2.7m€3.5m▲ 28.6%
Trade receivables40-€0.01m€0.005m€0.2m€0.4m▲ 96.9%
Other amounts receivable41---€2.5m€3.1m▲ 23.4%
Cash at bank and in hand54/58€0.001m-€0.07m€3.2m€1.8m▼ 43.7%
Equity and liabilities
Total equity and liabilities10/49€2.2m€1.6m€1.0m€6.5m€6.6m▲ 1.5%
Equity10/15€0.3m-€0.08m-€0.01m€4.7m€3.7m▼ 21.4%
Contributions10/11€0.8m€0.8m€0.8m€0.8m€0.8m=
Capital10-€0.8m€0.8m€0.8m€0.8m=
Issued capital100-€0.8m€0.8m€0.8m€0.8m=
Contributions outside capital11-€262€262€262€262=
Share premium1100/10-€262€262€262€262=
Reserves13€0.5m€0.5m€0.5m€0.5m€0.5m=
Non-distributable reserves130/1-€0.04m€0.04m€0.04m€0.04m=
Legal reserve130-€0.04m€0.04m€0.04m€0.04m=
Tax-exempt reserves132-€0.1m€0.1m€0.1m€0.1m=
Distributable reserves133-€0.3m€0.3m€0.3m€0.3m=
Profit (loss) carried forward14-€0.9m-€1.3m-€1.3m€3.4m€2.4m▼ 29.3%
Amounts payable17/49€1.9m€1.7m€1.0m€1.8m€2.9m▲ 60.1%
Amounts payable after more than one year17€0.2m€0.06m€0.03m---
Financial debts170/4-€0.06m€0.03m---
Credit institutions173-€0.06m€0.03m---
Amounts payable within one year42/48€1.7m€1.6m€1.0m€1.8m€2.9m▲ 60.1%
Current portion of amounts payable after more than one year42-€0.5m€0.3m-€0.7m-
Financial debts43-€0.002m----
Credit institutions430/8-€0.002m----
Trade debts44€0.09m€0.1m€0.02m€0.3m€1.0m▲ 261%
Suppliers440/4-€0.1m€0.02m€0.3m€1.0m▲ 261%
Advances received on contracts in progress46-€0.03m-€0.3m--
Taxes, remuneration and social security45-€0.05m€0.01m€1.3m€1.3m▼ 1.1%
Taxes450/3-€0.05m€0.01m€1.3m€1.3m▼ 1.8%
Remuneration and social security454/9---€0€0.008m▲ 28,547×
Other amounts payable47/48-€0.9m€0.7m---
Line20182019202020212022Change
Profit (loss) for the period9904-€0.1m-€0.4m€0.06m€4.7m-€1.0m-
+ Depreciation and write-downs630-€0.09m€0.07m€0.002m€0.003m▲ 120%
Operating cash flow (approximation)-€0.1m-€0.3m€0.1m€4.7m-€1.0m-
Investment in fixed assets (approximation)-€0€0.5m€0.4m-€0.02m-
Change in cash---€3.1m-€1.4m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 41 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2022 abbreviated format 30-08-2024 2024-00448240 PDF
31-12-2021 full format 05-01-2023 2023-20554430 PDF
31-12-2020 full format 05-01-2023 2023-20554422 PDF
31-12-2019 full format 05-01-2023 2023-20554318 PDF
31-12-2018 micro format 15-01-2020 2020-01400040 PDF
31-12-2017 micro format 12-11-2018 2018-72100018 PDF
31-12-2016 micro format 04-07-2017 2017-27200163 PDF
31-12-2015 abbreviated format 29-09-2016 2016-62900514 PDF
31-12-2014 abbreviated format 08-03-2016 2016-06000293 PDF
31-12-2013 abbreviated format 29-08-2014 2014-51700559 PDF

Show all 41 filings

Next steps