PRIMAR
ActiveSummary
PRIMAR has been active since 2003 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2024 annual accounts show negative equity (-€43,347) and a net result of €811,984. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 18% of 127 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
59
/ 100
Fair
Negative equity caps the score. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+63
Solvency23▲+23
Growth78▲+46
Track record92
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
short-term debt: 0.9% of total assets, and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 87
Relative position
BE, all sectors
reference
Residential care activities (NACE 87)
about 77% fewer 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 2024Solvency, return and age of the figures
Solvency
-2.1%
Return on assets
38.8%
Age of the figures
24 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 127 sector peers (2024).
NBB · sector comparisonPosition among 127 sector peers
Solvency
better than 18%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 150 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 25-04-2025, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
5 d early
2023
40 d early
2022
50 d late
2021
313 d late
2020
60 d late
2019
132 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 85 days after the deadline; the sector median for financial year 2024 is 27 days before the deadline, and 24% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
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Financials · fiscal year 2024, micro schema
In the rankings
#5 company by total assets in Sint-Genesius-Rode, Health and social work sector#7 oldest company in Sint-Genesius-Rode, Health and social work sector
Equity
-€43,347▲ 94.9%
2023 · -€855,331
Total assets
€2.1m▲ 9.2%
2023 · €1.9m
Net result
€811,984
2023 · -€4,344
Working capital
€2.1m▲ 55.1%
2023 · €1.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 87, Residential care activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€210,642▼ 61.9%-€10,031€109,561-€51,641-€38,943▲ 24.6%
Net result€209,058above the sector's middle half▼ 62.1%-€10,202below the sector's middle half€59,188above the sector's middle half-€4,344within the sector's middle half€811,984above the sector's middle half
Equity-€693,257below the sector's middle half▼ 96.8%-€910,176below the sector's middle half▼ 31.3%-€850,987below the sector's middle half▲ 6.5%-€855,331below the sector's middle half▼ 0.5%-€43,347below the sector's middle half▲ 94.9%
Total assets€48below the sector's middle half▼ 100.0%€1.6mabove the sector's middle half▲ 3,408,466%€1.6mabove the sector's middle half▼ 0.6%€1.9mabove the sector's middle half▲ 18.8%€2.1mabove the sector's middle half▲ 9.2%
Debt€693,305▼ 61.6%€2.5m▲ 266%€2.4m▼ 4.7%€2.8m▲ 14.8%€2.1m▼ 22.9%
Working capital-€693,257▼ 96.8%-€910,176▼ 31.3%€828,551€1.3m▲ 61.6%€2.1m▲ 55.1%
Solvency-56.0%below the sector's middle half-52.7%below the sector's middle half▲ 3.3pp-44.6%below the sector's middle half▲ 8.1pp-2.1%below the sector's middle half▲ 42.5pp
above
within
below
the middle half (P25 to P75) of NACE 87, Residential care activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2020 Net result -62% on 2019. The previous fiscal year ran 21 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €38,943 in 2024 against €51,641 in 2023; the loss shrinks.
Key figures and ratios
Quick ratio
26.49▲
2023 · 0.52
Debt to equity
-49.33▼
2023 · -3.24
ROA
38.8%▲
2023 · -0.2%
Debt ≤ 1 year
€18,108▼
2023 · €576,281
Debt > 1 year
€2.1m▼
2023 · €2.2m
A ratio outside any meaningful range has been withheld (balance sheet total €2.1m, equity -€43,347).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 317 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 92% are still going.
- Small
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
4.1%
stopped otherwise
92%
still going
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 317 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €150,000 | - | - | - |
| Other operating charges640/8 | - | - | - | €2,270 | €3,212 | ▲ 41.5% |
| Gross operating margin9900 | €211,446 | -€10,031 | €109,561 | -€49,371 | -€35,730 | ▲ 27.6% |
| Operating profit (loss)9901 | €210,642 | -€10,031 | €109,561 | -€51,641 | -€38,943 | ▲ 24.6% |
| Financial income75/76B | - | - | - | €50,000 | €851,177 | ▲ 1,602% |
| Recurring financial income75 | - | - | - | €50,000 | €7 | ▼ 100.0% |
| Non-recurring financial income76B | - | - | - | €50,000 | €851,170 | ▲ 1,602% |
| Financial charges65/66B | - | €171 | €50,373 | €2,702 | €250 | ▼ 90.7% |
| Recurring financial charges65 | €1,585 | €171 | €373 | €2,702 | €250 | ▼ 90.7% |
| Non-recurring financial charges66B | - | - | €50,000 | - | - | - |
| Profit (loss) for the period before taxes9903 | €209,058 | -€10,202 | €59,188 | -€4,344 | €811,984 | ▲ 18,794% |
| Profit (loss) for the period9904 | €209,058 | -€10,202 | €59,188 | -€4,344 | €811,984 | ▲ 18,794% |
| Profit (loss) for the period to be appropriated9905 | €209,058 | -€10,202 | €59,188 | -€4,344 | €811,984 | ▲ 18,794% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48 | €1.6m | €1.6m | €1.9m | €2.1m | ▲ 9.2% |
| Fixed assets21/28 | - | - | - | €3,545 | - | - |
| Financial fixed assets28 | - | - | - | €3,545 | - | - |
| Current assets29/58 | €48 | €1.6m | €1.6m | €1.9m | €2.1m | ▲ 9.4% |
| Stocks and contracts in progress3 | - | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Stocks30/36 | - | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Amounts receivable within one year40/41 | - | - | - | €300,000 | €479,637 | ▲ 59.9% |
| Other amounts receivable41 | - | - | - | €300,000 | €479,637 | ▲ 59.9% |
| Cash at bank and in hand54/58 | €48 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48 | €1.6m | €1.6m | €1.9m | €2.1m | ▲ 9.2% |
| Equity10/15 | -€693,257 | -€910,176 | -€850,987 | -€855,331 | -€43,347 | ▲ 94.9% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Profit (loss) carried forward14 | -€893,257 | -€1.1m | -€1.1m | -€1.1m | -€243,347 | ▲ 76.9% |
| Provisions and deferred taxes16 | - | - | €50,000 | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | €50,000 | - | - | - |
| Taxes161 | - | - | €50,000 | - | - | - |
| Amounts payable17/49 | €693,305 | €2.5m | €2.4m | €2.8m | €2.1m | ▼ 22.9% |
| Amounts payable after more than one year17 | - | - | €1.6m | €2.2m | €2.1m | ▼ 3.5% |
| Other amounts payable178/9 | - | - | €1.6m | €2.2m | €2.1m | ▼ 3.5% |
| Amounts payable within one year42/48 | €693,305 | €2.5m | €786,819 | €576,281 | €18,108 | ▼ 96.9% |
| Trade debts44 | €6,864 | €217,380 | €224,166 | €21,501 | €18,108 | ▼ 15.8% |
| Suppliers440/4 | - | €217,380 | €224,166 | €21,501 | €18,108 | ▼ 15.8% |
| Other amounts payable47/48 | - | €2.3m | €562,653 | €554,781 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €209,058 | -€10,202 | €59,188 | -€4,344 | €811,984 | ▲ 18,794% |
| Operating cash flow (approximation) | €209,058 | -€10,202 | €59,188 | -€4,344 | €811,984 | ▲ 18,794% |
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
12-05
KBO administration
Address struck
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €811,984
Net result €811,984 after one loss-making year.
30-09
Financial
Liquidity times 35current ratio 115.69
Current ratio from 3.32 to 115.69; short-term debt falls from €576,281 to €18,108.
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 50 days late
09-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 313 days late
2022
30-09
Financial
Back to profitnet €59,188
Net result €59,188 after one loss-making year.
30-09
Financial
Liquidity triplescurrent ratio 2.05
Current ratio from 0.64 to 2.05; short-term debt falls from €2.5m to €786,819.
2021
30-09
Financial
Weakest financial yearnet -€10,202
Net result drops to -€10,202, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 132 days late
Show earlier events
2018
15-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 107 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
30-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Sint-Genesius-Rode
Ground area
2,213 m²
Building footprint
55 m²
Volume, LiDAR
171 m³
Parcel 22552E0043/00E045, Flanders · tallest building 11.6 m, ±1 floor. Linked by address, not a title deed.
17
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552E0043/00E045 | Flanders | 2,213 m² | 1 · 55 m² | 11.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 150 companies in sector 87302 we hold annual accounts for 85. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-10-2003
Fiscal year end30-09
Activities, NACEBEL 2025
87302Residential care activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0861100672
Also
9925:BE0861100672
Registered
21-05-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.