PRIMARK
ActiveSummary
The computed 12-month bankruptcy probability of PRIMARK is 2.1% (moderate). The 2025 annual accounts show equity of €28.0m and a net result of €6.9m. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 53% of 4188 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+19
Solvency63▼-9
Growth52▲+3
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,550,000 at 30 days acceptable
Liquidity tight (current ratio 1.13 against 1.47 in 2024; short-term debt: 43.6% and cash: 5.6% of total assets), and 61.6% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38.4%
Return on assets
9.5%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
neutral · Filed after the deadline
The financial year that closed on 13-09-2025 was due by 13-04-2026 and was filed on 04-05-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
21 d late
2024
4 d early
2023
28 d late
2022
4 d early
2021
11 d early
2020
6 d early
2019
27 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, full schema
In the rankings
#1 employer in Watermaal-Bosvoorde#7 company by equity in Watermaal-Bosvoorde, Wholesale and retail trade sector#8 company by total assets in Watermaal-Bosvoorde, Wholesale and retail trade sector
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€237.5m▼ 1.2%
2024 · €240.3m
EBIT margin
3.9%▲ 2.0pp
2024 · 1.9%
Net result
€6.9m▲ 600%
2024 · €992,801
Working capital
€4.1m▼ 71.0%
2024 · €14.0m
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
Line20212022202320242025
Turnover€191.7m▼ 7.4%€219.2m▲ 14.3%€235.1m▲ 7.3%€240.3m▲ 2.2%€237.5m▼ 1.2%
Operating result€5.8m▼ 7.4%€6.7m▲ 16.0%€5.7m▼ 14.4%€4.6m▼ 20.1%€9.3m▲ 104%
Net result€3.1m▼ 13.4%€3.1m▼ 0.1%€2.4m▼ 24.6%€992,801▼ 58.0%€6.9m▲ 600%
EBIT margin3.0%=3.0%=2.4%▼ 0.6pp1.9%▼ 0.5pp3.9%▲ 2.0pp
Equity€34.5m▲ 10.0%€37.7m▲ 9.1%€40.0m▲ 6.3%€41.0m▲ 2.5%€28.0m▼ 31.8%
Total assets€120.6m▼ 4.1%€112.8m▼ 6.5%€113.6m▲ 0.7%€87.0m▼ 23.4%€72.7m▼ 16.4%
Debt€86.1m▼ 11.4%€75.1m▼ 12.7%€73.5m▼ 2.1%€46.0m▼ 37.5%€44.8m▼ 2.6%
Working capital€31.7m€26.0m▼ 17.9%€42.2m▲ 62.3%€14.0m▼ 66.7%€4.1m▼ 71.0%
Staff (FTE)1,177▼ 3.5%1,207.9▲ 2.6%1,217.7▲ 0.8%1,279.6▲ 5.1%1,200.8▼ 6.2%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 104% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72.7m
Fixed assets
€37.0m ▼ 13.8%
Current assets
€35.8m ▼ 19.0%
Equity and liabilities €72.7m
Equity
€28.0m ▼ 31.8%
Debt
€44.8m ▼ 2.6%
Debt's share of the balance-sheet total rises from 52.9% to 61.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€18.3m▲
2024 · €15.8m
Cash flow
€16.0m▲
2024 · €12.3m
Current ratio
1.13▼
2024 · 1.47
Quick ratio
0.95▼
2024 · 1.29
Debt to equity
1.60▲
2024 · 1.12
ROE
24.8%▲
2024 · 2.4%
ROA
9.5%▲
2024 · 1.1%
Interest coverage
20.28▲
2024 · 4.19
Debt ≤ 1 year
€31.7m▲
2024 · €30.1m
Debt > 1 year
€8.8m▼
2024 · €10.6m
Income taxes
€2.1m▲
2024 · €1.7m
Staff costs
€50.4m▲
2024 · €50.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €192.7m | €219.2m | €235.1m | €240.3m | €237.5m | ▼ 1.2% |
| Turnover70 | €191.7m | €219.2m | €235.1m | €240.3m | €237.5m | ▼ 1.2% |
| Other operating income74 | €963,914 | €0 | - | - | - | - |
| Operating charges60/66A | €187.0m | €212.5m | €229.4m | €235.7m | €228.2m | ▼ 3.2% |
| Goods for resale, raw materials and consumables60 | €98.5m | €117.8m | €136.9m | €126.8m | €124.2m | ▼ 2.1% |
| Purchases600/8 | €98.4m | €118.4m | €138.2m | €125.6m | €124.7m | ▼ 0.7% |
| Change in stocks: decrease (increase)609 | €110,444 | -€579,836 | -€1.4m | €1.2m | -€536,652 | ▼ 144% |
| Services and other goods61 | €38.5m | €40.9m | €34.1m | €47.5m | €44.5m | ▼ 6.2% |
| Remuneration, social security and pensions62 | €36.6m | €41.2m | €46.3m | €50.1m | €50.4m | ▲ 0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13.3m | €12.6m | €12.2m | €11.3m | €9.0m | ▼ 19.6% |
| Other operating charges640/8 | €8,121 | €10,217 | €14,187 | €14,511 | €49,286 | ▲ 240% |
| Operating profit (loss)9901 | €5.8m | €6.7m | €5.7m | €4.6m | €9.3m | ▲ 104% |
| Financial income75/76B | €1,326 | €0 | - | €1.9m | €646,084 | ▼ 66.4% |
| Recurring financial income75 | €1,326 | €0 | - | €1.9m | €646,084 | ▼ 66.4% |
| Income from current assets751 | - | - | - | €1.9m | €646,084 | ▼ 66.4% |
| Other financial income752/9 | €1,326 | €0 | - | - | - | - |
| Financial charges65/66B | €1.4m | €2.1m | €2.2m | €3.8m | €904,140 | ▼ 76.0% |
| Recurring financial charges65 | €1.4m | €2.1m | €2.2m | €3.8m | €904,140 | ▼ 76.0% |
| Debt charges650 | €1.4m | €2.1m | €2.2m | €3.8m | €904,140 | ▼ 76.0% |
| Profit (loss) for the period before taxes9903 | €4.3m | €4.6m | €3.5m | €2.7m | €9.0m | ▲ 232% |
| Income taxes67/77 | €1.2m | €1.4m | €1.1m | €1.7m | €2.1m | ▲ 21.0% |
| Taxes670/3 | €1.2m | €1.4m | €1.1m | €1.7m | €2.1m | ▲ 21.0% |
| Profit (loss) for the period9904 | €3.1m | €3.1m | €2.4m | €992,801 | €6.9m | ▲ 600% |
| Profit (loss) for the period to be appropriated9905 | €3.1m | €3.1m | €2.4m | €992,801 | €6.9m | ▲ 600% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €120.6m | €112.8m | €113.6m | €87.0m | €72.7m | ▼ 16.4% |
| Fixed assets21/28 | €59.6m | €60.8m | €51.9m | €42.9m | €37.0m | ▼ 13.8% |
| Tangible fixed assets22/27 | €59.6m | €60.8m | €51.9m | €42.9m | €37.0m | ▼ 13.8% |
| Land and buildings22 | - | €12.5m | €12.3m | €12.2m | €12.0m | ▼ 1.2% |
| Plant, machinery and equipment23 | €479,597 | €744,923 | €794,690 | €1.1m | €1.3m | ▲ 21.8% |
| Other tangible fixed assets26 | €59.2m | €47.6m | €38.8m | €29.6m | €23.6m | ▼ 20.2% |
| Current assets29/58 | €61.0m | €51.9m | €61.6m | €44.1m | €35.8m | ▼ 19.0% |
| Stocks and contracts in progress3 | €4.5m | €5.1m | €6.5m | €5.3m | €5.8m | ▲ 10.2% |
| Stocks30/36 | €4.5m | €5.1m | €6.5m | €5.3m | €5.8m | ▲ 10.2% |
| Goods purchased for resale34 | €4.5m | €5.1m | €6.5m | €5.3m | €5.8m | ▲ 10.2% |
| Amounts receivable within one year40/41 | €55.3m | €42.2m | €51.2m | €33.7m | €25.4m | ▼ 24.8% |
| Other amounts receivable41 | €55.3m | €42.2m | €51.2m | €33.7m | €25.4m | ▼ 24.8% |
| Cash at bank and in hand54/58 | €960,334 | €4.2m | €3.5m | €4.7m | €4.1m | ▼ 11.9% |
| Deferred charges and accrued income490/1 | €150,549 | €501,817 | €500,000 | €500,000 | €500,000 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €120.6m | €112.8m | €113.6m | €87.0m | €72.7m | ▼ 16.4% |
| Equity10/15 | €34.5m | €37.7m | €40.0m | €41.0m | €28.0m | ▼ 31.8% |
| Contributions10/11 | €5.0m | €5.0m | €5.0m | €5.0m | €5.0m | = |
| Capital10 | €5.0m | €5.0m | €5.0m | €5.0m | €5.0m | = |
| Issued capital100 | €5.0m | €5.0m | €5.0m | €5.0m | €5.0m | = |
| Reserves13 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Non-distributable reserves130/1 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Legal reserve130 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Profit (loss) carried forward14 | €29.0m | €32.2m | €34.5m | €35.5m | €22.5m | ▼ 36.8% |
| Amounts payable17/49 | €86.1m | €75.1m | €73.5m | €46.0m | €44.8m | ▼ 2.6% |
| Amounts payable after more than one year17 | €51.0m | €45.0m | €50.6m | €10.6m | €8.8m | ▼ 17.2% |
| Financial debts170/4 | €51.0m | €45.0m | €50.6m | €10.6m | €8.8m | ▼ 17.2% |
| Other loans174 | €51.0m | €45.0m | €50.6m | €10.6m | €8.8m | ▼ 17.2% |
| Amounts payable within one year42/48 | €29.3m | €25.9m | €19.4m | €30.1m | €31.7m | ▲ 5.3% |
| Financial debts43 | €1.1m | €0 | - | - | - | - |
| Credit institutions430/8 | €1.1m | €0 | - | - | - | - |
| Trade debts44 | €5.3m | €8.2m | €6.0m | €11.2m | €17.4m | ▲ 54.5% |
| Suppliers440/4 | €5.3m | €8.2m | €6.0m | €11.2m | €17.4m | ▲ 54.5% |
| Taxes, remuneration and social security45 | €9.6m | €11.6m | €13.2m | €14.3m | €14.1m | ▼ 1.4% |
| Taxes450/3 | €2.2m | €5.2m | €5.7m | €5.8m | €5.9m | ▲ 1.7% |
| Remuneration and social security454/9 | €7.4m | €6.3m | €7.5m | €8.5m | €8.2m | ▼ 3.5% |
| Other amounts payable47/48 | €13.2m | €6.2m | €204,042 | €4.6m | €252,657 | ▼ 94.5% |
| Accrued charges and deferred income492/3 | €5.9m | €4.2m | €3.6m | €5.3m | €4.3m | ▼ 18.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.1m | €3.1m | €2.4m | €992,801 | €6.9m | ▲ 600% |
| + Depreciation and write-downs630 | €13.3m | €12.6m | €12.2m | €11.3m | €9.0m | ▼ 19.6% |
| Operating cash flow (approximation) | €16.4m | €15.7m | €14.6m | €12.3m | €16.0m | ▲ 30.5% |
| Investment in fixed assets (approximation) | - | -€13.8m | -€3.3m | -€2.2m | -€3.1m | ▼ 42.9% |
| Change in cash | - | €3.2m | -€719,154 | €1.2m | -€554,107 | ▼ 146% |
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
2026
18-09
State Gazette act
Board meeting · Power of attorney15 facts ▸
State Gazette act
Board meeting · Power of attorney
15 facts ▸
- Board meeting, 02-09-2026
- Power of attorney, Julien Veselko
- Power of attorney, Warren Cooley
- Power of attorney, Lema Said Esmaral
- Power of attorney, Edith Kisiel
- Power of attorney, Kishan Parmar
- Power of attorney, Samya Bouaziz
- Power of attorney, Manon Andreolli
- Power of attorney, Steffie Bammens
- Power of attorney, Salomé Le Goff
- Power of attorney, Marie-Rose Gera
- Other statement, intérêt de la Société, Les administrateurs soulignent le fait que la proposition susmentionnée est dans l'intérêt et le bénéfice de la Société
- +3 further facts in this act
04-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 21 days late
2025
13-09
Financial
Highest result since 2019net €6.9m ▲600%
Operating result €9.3m, net result €6.9m, both a record.
10-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
14-09
Financial
Weakest financial yearnet €992,801 ▼58%
Net result drops to €992,801, the lowest in the series; recovery starts the following year.
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
13-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
18-09
Financial
Liquidity doublescurrent ratio 2.08
Current ratio from 0.85 to 2.08; short-term debt falls from €56.8m to €29.3m.
06-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
18-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
09-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 22 acts read
About the unread acts
Of the 22 Belgian State Gazette acts we know for this company, 1 has been read. The other 21 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
22 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 8 establishment units since 2009
Ground area
2.7 ha
Building footprint
2.0 ha
Volume, LiDAR
246,012 m³
9 parcels, Brussels, Flanders, Wallonia · tallest building 36.3 m, ±8 floors. Linked by address, not a title deed.
288
companies at this address
See who is registered here
8 establishment units
PRIMARK
since 20092.180.396.484
PRIMARK
since 20142.236.807.132
PRIMARK
since 20142.241.210.338
PRIMARK
since 20152.241.210.239
PRIMARK
since 20172.261.029.220
PRIMARK
since 20182.272.394.155
Show 2 more locations
PRIMARK
since 20192.285.059.385
PRIMARK
since 20202.299.008.975
9 parcels
Flanders
3
(33.3%)
Wallonia
3
(33.3%)
Brussels
3
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62817B0604/00D002 | Wallonia | 6,611 m² | 1 · 4,730 m² | 25.6 m · 5 fl. |
| 21652E0039/00H003 | Brussels | 5,127 m² | 1 · 1,510 m² | 36.3 m · 1 fl. |
| 44802B1675/00S000 | Flanders | 4,806 m² | 1 · 4,801 m² | - |
| 21802B0818/00E000 | Brussels | 3,564 m² | 1 · 3,393 m² | 29.6 m · 8 fl. |
| 21009A0520/00F000 | Brussels | 2,817 m² | 1 · 2,776 m² | 22.3 m · 5 fl. |
| 53053H0446/00G000 | Wallonia | 2,185 m² | 1 · 1,133 m² | 23.6 m · 6 fl. |
| 71022H1442/00P000 | Flanders | 1,471 m² | 1 · 1,199 m² | 33.1 m · 5 fl. |
| 11803C1303/00D000 | Flanders | 412 m² | 1 · 685 m² | - |
| 52011D0126/02S000indicative | Wallonia | 27 m² | - | - |
Linked by address, not proof of ownership
Good to know
8 of 9 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 6 entries · 7,137 EUR awarded · 7,137 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 1,156 EUR | 1,156 EUR |
| 2022 | 4 | 5,981 EUR | 5,981 EUR |
Recognitions · licences · registrations
Food safety, FASFC
8 sitesAntwerpen2.272.394.155
Brussel2.236.807.132
Charleroi2.261.029.220
Elsene2.285.059.385
Show 4 more sites
Gent2.241.210.239
Hasselt2.241.210.338
Liège2.180.396.484
Mons2.299.008.975
Dual-learning approval
10 live approvals · 21 endedCommercieel assistent (vwo)
Commercieel assistent duaal (so)
Commerciële organisatie duaal (so)
Logistiek duaal (so)
Onthaal, organisatie en sales duaal (so)
Onthaal, organisatie en sales duaal (so)
Show 4 more
Winkelmedewerker (vwo)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Winkelmedewerker duaal (so)
Show 21 ended approvals
Magazijnmedewerker (so)
Magazijnmedewerker (vwo)
Magazijnmedewerker duaal (so)
Winkelbediende (so)
Winkelbediende (so)
Commercieel assistent (vwo)
Commercieel assistent duaal (so)
Commerciële organisatie duaal (so)
Aanvuller (so)
Kassier (so)
Verkoper (so)
Winkelbediende (so)
Winkelbediende (so)
Winkelmedewerker (vwo)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Winkelmedewerker duaal (so)
Aanvuller (so)
Kassier (so)
Verkoper (so)
Winkelbediende (so)
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Of 6,495 companies in sector 47716 we hold annual accounts for 2,438. 81 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-07-2009
Fiscal year end13-09
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
46412Wholesale of household textiles and bedding
46419Wholesale trade
46421Wholesale trade
46422Wholesale trade
46425Wholesale trade
Contact
E-mail
sm751_2@primark.be
Scores and ratios are computed by Checked and are not a credit decision.