PRIELS
InactivePRIELS was declared bankrupt on 21-12-2023 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed for insufficient assets by judgment of 09-09-2025, published in the Belgian State Gazette on 12-09-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-06-2024 close31-01-2025 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 05-12-2023, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
57 d early
2022
13 d early
2021
on the day
2020
26 d late
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 12 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2023, micro schema
Equity
€30,386▼ 62.6%
2022 · €81,301
Total assets
€210,638▼ 32.4%
2022 · €311,604
Net result
-€50,915
2022 · €89,992
Working capital
-€108,980▼ 70.9%
2022 · -€63,761
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result-€13,313--€137,583▼ 933%€23,538€14,487▼ 38.5%-€47,606
Net result-€19,662--€143,689▼ 631%€25,461€89,992▲ 253%-€50,915
Equity€109,537--€34,152-€8,691▲ 74.6%€81,301€30,386▼ 62.6%
Total assets€350,193-€325,001▼ 7.2%€289,085▼ 11.1%€311,604▲ 7.8%€210,638▼ 32.4%
Debt€240,656-€359,153▲ 49.2%€297,775▼ 17.1%€230,303▼ 22.7%€180,252▼ 21.7%
Working capital€115,107--€154,205-€145,714▲ 5.5%-€63,761▲ 56.2%-€108,980▼ 70.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2020 Net result -631% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €47,606 after €14,487 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €210,638
Fixed assets
€140,730 ▼ 6.5%
Current assets
€69,908 ▼ 56.6%
Equity and liabilities €210,638
Equity
€30,386 ▼ 62.6%
Debt
€180,252 ▼ 21.7%
Debt's share of the balance-sheet total rises from 73.9% to 85.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€37,882▼
2022 · €23,663
Cash flow
-€41,191▼
2022 · €99,168
Current ratio
0.39▼
2022 · 0.72
Quick ratio
0.12▼
2022 · 0.16
Debt to equity
5.93▲
2022 · 2.83
ROE
-167.6%▼
2022 · 110.7%
ROA
-24.2%▼
2022 · 28.9%
Interest coverage
-12.54▼
2022 · 14.48
Debt ≤ 1 year
€178,888▼
2022 · €224,911
Debt > 1 year
€1,364▼
2022 · €5,392
Income taxes
€338
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,496 | €5,310 | €9,038 | €9,176 | €9,724 | ▲ 6.0% |
| Other operating charges640/8 | - | - | - | €3,746 | €3,224 | ▼ 13.9% |
| Gross operating margin9900 | €3,088 | €159,797 | €37,237 | €27,410 | -€34,658 | ▼ 226% |
| Operating profit (loss)9901 | -€13,313 | -€137,583 | €23,538 | €14,487 | -€47,606 | ▼ 429% |
| Financial income75/76B | - | - | - | €77,139 | €50 | ▼ 99.9% |
| Recurring financial income75 | €1,732 | €596 | €1,098 | €51 | €50 | ▼ 2.2% |
| Non-recurring financial income76B | - | - | - | €77,088 | - | - |
| Financial charges65/66B | - | - | - | €1,635 | €3,022 | ▲ 84.9% |
| Recurring financial charges65 | €7,940 | €6,561 | €976 | €1,635 | €3,022 | ▲ 84.9% |
| Profit (loss) for the period before taxes9903 | -€19,521 | -€143,549 | €25,461 | €89,992 | -€50,578 | ▼ 156% |
| Income taxes67/77 | €140 | €140 | - | - | €338 | - |
| Profit (loss) for the period9904 | -€19,662 | -€143,689 | €25,461 | €89,992 | -€50,915 | ▼ 157% |
| Profit (loss) for the period to be appropriated9905 | -€19,662 | -€143,689 | €25,461 | €89,992 | -€50,915 | ▼ 157% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €350,193 | €325,001 | €289,085 | €311,604 | €210,638 | ▼ 32.4% |
| Fixed assets21/28 | €11,600 | €137,223 | €143,460 | €150,454 | €140,730 | ▼ 6.5% |
| Tangible fixed assets22/27 | €11,600 | €137,223 | €143,460 | €150,454 | €140,730 | ▼ 6.5% |
| Plant, machinery and equipment23 | - | - | - | €136,479 | €129,695 | ▼ 5.0% |
| Furniture and vehicles24 | - | - | - | €13,975 | €11,035 | ▼ 21.0% |
| Current assets29/58 | €338,593 | €187,777 | €145,624 | €161,150 | €69,908 | ▼ 56.6% |
| Stocks and contracts in progress3 | €290,217 | €89,996 | €104,900 | €125,283 | €49,137 | ▼ 60.8% |
| Stocks30/36 | - | - | - | €125,283 | €49,137 | ▼ 60.8% |
| Amounts receivable within one year40/41 | €39,133 | €27,294 | €20,654 | €21,423 | €14,484 | ▼ 32.4% |
| Trade receivables40 | - | - | - | €19,423 | €13,765 | ▼ 29.1% |
| Other amounts receivable41 | - | - | - | €2,000 | €719 | ▼ 64.0% |
| Cash at bank and in hand54/58 | €9,243 | €70,487 | €20,071 | €14,445 | €6,288 | ▼ 56.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €350,193 | €325,001 | €289,085 | €311,604 | €210,638 | ▼ 32.4% |
| Equity10/15 | €109,537 | -€34,152 | -€8,691 | €81,301 | €30,386 | ▼ 62.6% |
| Contributions10/11 | €93,600 | €93,600 | €93,600 | €93,600 | €93,600 | = |
| Reserves13 | €88,398 | €88,398 | €88,398 | €88,398 | €88,398 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | €28,960 | €28,960 | = |
| Distributable reserves133 | - | - | - | €57,578 | €57,578 | = |
| Profit (loss) carried forward14 | -€72,461 | -€216,150 | -€190,688 | -€100,697 | -€151,612 | ▼ 50.6% |
| Amounts payable17/49 | €240,656 | €359,153 | €297,775 | €230,303 | €180,252 | ▼ 21.7% |
| Amounts payable after more than one year17 | €17,170 | €17,170 | €6,437 | €5,392 | €1,364 | ▼ 74.7% |
| Financial debts170/4 | - | - | - | €5,392 | €1,364 | ▼ 74.7% |
| Amounts payable within one year42/48 | €223,486 | €341,983 | €291,338 | €224,911 | €178,888 | ▼ 20.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,935 | €4,028 | ▲ 2.4% |
| Trade debts44 | €61,724 | €65,481 | €22,678 | €52,647 | €30,372 | ▼ 42.3% |
| Suppliers440/4 | - | - | - | €52,647 | €30,372 | ▼ 42.3% |
| Advances received on contracts in progress46 | - | - | - | €14,235 | €9,202 | ▼ 35.4% |
| Taxes, remuneration and social security45 | - | - | - | €6,656 | €8,718 | ▲ 31.0% |
| Taxes450/3 | - | - | - | €6,656 | €8,718 | ▲ 31.0% |
| Other amounts payable47/48 | - | - | - | €147,438 | €126,568 | ▼ 14.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,662 | -€143,689 | €25,461 | €89,992 | -€50,915 | ▼ 157% |
| + Depreciation and write-downs630 | €11,496 | €5,310 | €9,038 | €9,176 | €9,724 | ▲ 6.0% |
| Operating cash flow (approximation) | -€8,166 | -€138,379 | €34,499 | €99,168 | -€41,191 | ▼ 142% |
| Investment in fixed assets (approximation) | - | -€130,933 | -€15,275 | -€16,170 | €0 | ▲ 100% |
| Change in cash | - | €61,245 | -€50,416 | -€5,626 | -€8,157 | ▼ 45.0% |
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
2025
12-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 09-09-2025
2023
28-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 21-12-2023
05-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
18-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €89,992 ▲253%
Net result €89,992, the highest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €25,461
Net result €25,461 after 2 loss-making years.
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
30-06
Financial
Weakest financial yearnet -€143,689
Net result drops to -€143,689, the lowest in the series.
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
13-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Show earlier events
2017
11-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
29-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
09-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ELLEN DE GEETER DOORNIKSEWIJK 134, 8500 KORT-
RIJK |
21-12-2023 → 09-09-2025 |