PRIAES
Open bankruptcyA bankruptcy procedure is open for PRIAES according to publications in the Belgian State Gazette; curator: JEAN-PAUL TASSET.
Summary
The 2024 annual accounts show equity of €11k and a net result of €-4k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-4k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 19357 sector peers (2024).
NBB · sector comparisonPosition among 19357 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
21 d early
2022
18 d late
2021
23 d early
2020
1 d early
2019
45 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€0
2021 · €0
2018: €910k
2019: €0
2021: €0
2018 → 2022
EBIT margin
2.3%
Net result
€-4k▲ 94.9%
2023 · €-84k
2018: €14k
2019: €33k
2020: €-19k
2021: €31k
2022: €3k
2023: €-84k
2018 → 2024
Working capital
€-5k▲ 80.1%
2023 · €-26k
2018: €51k
2019: €96k
2020: €74k
2021: €81k
2022: €47k
2023: €-26k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€0€0
Equity€65k-€96k▲ 47.1%€99k▲ 3.2%€16k▼ 84.2%€11k▼ 27.1%
Operating result€-9k-€49k€9k▼ 81.1%€-59k€34k
Net result€-19k-€31k€3k▼ 89.9%€-84k€-4k▲ 94.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €34k after a loss of €59k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €360k
Fixed assets
€85k ▼ 71.5%
Current assets
€275k ▼ 28.2%
Equity and liabilities €360k
Equity
€11k ▼ 27.1%
Debt
€348k ▼ 47.6%
Debt's share of the balance-sheet total falls from 97.7% to 96.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€63k▲
2023 · €-21k
Cash flow
€25k▲
2023 · €-45k
Current ratio
0.98▲
2023 · 0.94
Quick ratio
0.97▲
2023 · 0.90
Debt to equity
30.52▼
2023 · 42.51
ROE
-37.1%▲
2023 · -534.2%
ROA
-1.2%▲
2023 · -12.3%
Interest coverage
2.28▲
2023 · -0.76
Debt ≤ 1 year
€280k▼
2023 · €410k
Debt > 1 year
€68k▼
2023 · €256k
Income taxes
€10k▲
2023 · €370
Staff costs
€111k▲
2023 · €74k
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 · 2024 against 2023 · 55 lines
Balance sheet
Code20232024
Assets
Total assets20/58€681k€360k▼
Fixed assets21/28€298k€85k▼
Tangible fixed assets22/27€297k€83k▼
Land and buildings22€185k€0▼
Plant, machinery and equipment23€112k€83k▼
Furniture and vehicles24€345€204▼
Other tangible fixed assets26€0€0=
Financial fixed assets28€930€2k▲
Current assets29/58€383k€275k▼
Amounts receivable after more than one year29€230k€152k▼
Other amounts receivable291€230k€152k▼
Stocks and contracts in progress3€13k€3k▼
Stocks30/36€13k€3k▼
Amounts receivable within one year40/41€133k€117k▼
Trade receivables40€108k€103k▼
Other amounts receivable41€25k€13k▼
Cash at bank and in hand54/58€1k€3k▲
Deferred charges and accrued income490/1€6k€2k▼
Equity and liabilities
Total equity and liabilities10/49€681k€360k▼
Equity10/15€16k€11k▼
Contributions10/11€20k€20k=
Reserves13€50k€50k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€50k€50k=
Profit (loss) carried forward14€-55k€-59k▼
Amounts payable17/49€666k€348k▼
Amounts payable after more than one year17€256k€68k▼
Financial debts170/4€256k€68k▼
Amounts payable within one year42/48€410k€280k▼
Current portion of amounts payable after more than one year42€45k€16k▼
Financial debts43€17k€0▼
Credit institutions430/8€17k€0▼
Trade debts44€262k€198k▼
Suppliers440/4€262k€198k▼
Taxes, remuneration and social security45€52k€61k▲
Taxes450/3€37k€27k▼
Remuneration and social security454/9€15k€34k▲
Other amounts payable47/48€34k€5k▼
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€74k€111k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€29k▼
Other operating charges640/8€4k€5k▲
Gross operating margin9900€57k€179k▲
Operating profit (loss)9901€-59k€34k▲
Financial income75/76B€3k€0▼
Recurring financial income75€3k€0▼
Financial charges65/66B€27k€27k▲
Recurring financial charges65€27k€27k▲
Profit (loss) for the period before taxes9903€-83k€6k▲
Income taxes67/77€370€10k▲
Profit (loss) for the period9904€-84k€-4k▲
Profit (loss) for the period to be appropriated9905€-84k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-55k€-59k▼
Profit (loss) brought forward from the previous period14P€29k€-55k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
20-02
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · PRIAES SRL RUE AUGUSTE-BUIS- SERET 40/B, 4000 LIEGE 1 · event 16-02-2026
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-84k ▼2779%
Net result drops to €-84k, the lowest in the series.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
31-12
Financial
Highest result since 2018net €33k ▲132%
Operating result €52k, net result €33k, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Liège · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Auguste-Buisseret 404000 LiègeGround area
52 m²
Building footprint
44 m²
Volume, LiDAR
435 m³
Parcel 62814C0221/00B005, Wallonia · tallest building 11.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PRIAES
since 20152.247.260.960
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62814C0221/00B005 | Wallonia | 52 m² | 1 · 44 m² | 11.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JEAN-PAUL TASSET QUAI MARCELLIS 7,
4020 LIEGE 2 |
16-02-2026 → present |
Similar companies · same sector, comparable size
VERCLEYEN PROJECTS
BE 0506.731.958
Geraardsbergen · Eq €11,522
LANTERNEAU
BE 0729.927.077
Brussel · Eq €11,269
DGS Invest
BE 0759.942.837
Haaltert · Eq €11,594
BEAU CONSTRUCT
BE 0732.735.921
Pajottegem · Eq €11,238
MEGA PLUS
BE 1030.011.227
Hasselt · Eq €11,635
Of 1,292 companies in sector 68122 we hold annual accounts for 901. 296 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-11-2015
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68122Development of non-residential building projects
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.