Pri-Imo
ActiveFinancials · 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 3 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
Multi-year overview
2018 to 2022, 5 financial yearsTurnover
€1.2m
▲ 208%
2022
20182022
Operating result
-€1.1m
2022
20182022
Net result
-€1.0m
2022
lowest quarter of the sector
20182022
EBIT margin
-92.4%
▼ 1616.9pp
2022
20182022
Equity
€3.7m
▼ 21.4%
2022
highest quarter of the sector
20182022
Total assets
€6.6m
▲ 1.5%
2022
highest quarter of the sector
20182022
Debt
€2.9m
▲ 60.1%
2022
20182022
Working capital
€3.7m
▼ 21.9%
2022
highest quarter of the sector
20182022
Solvency
55.6%
▼ 16.2pp
2022
middle half of the sector
20182022
Current ratio
2.25
▼ 1.31
2022
middle half of the sector
20182022
Return on assets (ROA)
-15.2%
▼ 87.3pp
2022
lowest quarter of the sector
20182022
Staff (FTE)
1
2022
middle half of the sector
20182022
Every figure per financial year
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.
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.
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
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.
Investments
| Item | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €26,784 |
| Depreciation and write-downs of the year | €85,826 | €68,038 | €1,500 | €3,304 |
Source: notes to the 2019 to 2022 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| 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 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| 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 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| 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.
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 | |
| 31-12-2021 | full format | 05-01-2023 | 2023-20554430 | |
| 31-12-2020 | full format | 05-01-2023 | 2023-20554422 | |
| 31-12-2019 | full format | 05-01-2023 | 2023-20554318 | |
| 31-12-2018 | micro format | 15-01-2020 | 2020-01400040 | |
| 31-12-2017 | micro format | 12-11-2018 | 2018-72100018 | |
| 31-12-2016 | micro format | 04-07-2017 | 2017-27200163 | |
| 31-12-2015 | abbreviated format | 29-09-2016 | 2016-62900514 | |
| 31-12-2014 | abbreviated format | 08-03-2016 | 2016-06000293 | |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-51700559 |