Active BE 0416.239.272Non-profit association

Primavera

Terlindenhofstraat 160 ·2170 Antwerpen, Belgium· 50 yrs active

Sector: Social work activities without accommodation (88993)

Conclusion Checked

Primavera has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.25M and a net result of €99k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 88% of 508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€2.25M
Net result	€99k
Staff (FTE)	39.3
Better than sector	88%

Financial profile 5 of 5 axes measured · computed by Checked

79 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 94

Profitability 22

Solvency 100

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

< 0.1% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1976, 50 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

94 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€210k

estimate, not credit advice

Score history

86 2021

96 2022

52 2023

89 2024

94 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 3.04 (≥ 1.5) +10

Quick ratio Quick ratio 3.04 (≥ 1.0) +5

Leverage Debt/equity 0.27 (< 1.0) +10

Profitability ROE 4% +3

Interest coverage Interest coverage 4.3× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview20 NBB filings

Annual accounts filed on 05-06-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 5 fiscal years (±2.1%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 88, Social work activities without accommodation · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	78.7%	40.9%	better than 88% of 508 sector peers
Net result	€99k	€8k	better than 94% of 511 sector peers
Equity	€2.25M	€76k	better than 95% of 509 sector peers
Gross operating margin	€2.86M	€264k	better than 95% of 511 sector peers
Staff costs	€2.72M	€277k	higher than 95% of 436 sector peers

EBITDA

€130k

+161.7% 21-25

Net profit

€99k

+9.3% 21-25

Cash flow

€196k

+5.6% 21-25

Total assets

€2.85M

+4.5% 21-25

Equity

€2.25M

+2.1% 21-25

Working capital

€1.19M

+8.7% 21-25

Employees (FTE)

39

+13.6% 21-25

Staff costs

€2.72M

+6.8% 21-25

Income taxes

€2k

+8.7% 21-25

Debt

€608k

+14.3% 21-25

Debt ≤ 1y

€582k

+17.2% 21-25

Debt > 1y

€25k

-24.4% 21-25

Current ratio

3.04

-5.0% 21-25

Quick ratio

3.04

-5.0% 21-25

Solvency

78.7%

-2.3% 21-25

Debt / equity

0.27

+11.9% 21-25

ROE

4.4%

+7.0% 21-25

ROA

3.5%

+4.6% 21-25

Interest coverage

4.25

+63.1% 21-25

Figures by fiscal year and ratios

Change versus the prior fiscal year, coloured by direction (green = favourable).

Fiscal year	2025 Δ	2024 Δ	2023 Δ	2022 Δ	2021 Δ
Deposit	micro schema	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	-	-	-	-	-
EBITDA	+161.7%	+195.1%	-92.7%	+75.0%	-
Net profit	+9.3%	-	-	+177.8%	-
Cash flow	+5.6%	+226.0%	-83.8%	+81.1%	-
Staff costs	+6.8%	+9.1%	+7.1%	+10.6%	-
Income taxes	+8.7%	-	-	-	-
Dividends	-	-	-	-	-
Total assets	+4.5%	+1.8%	-2.1%	+9.9%	-
Equity	+2.1%	+1.8%	-4.0%	+10.2%	-
Debt	+14.3%	+1.8%	+6.3%	+8.6%	-
of which ≤ 1y	+17.2%	+3.3%	+8.8%	+13.1%	-
of which > 1y	-24.4%	-19.3%	-16.0%	-13.6%	-
Working capital	+8.7%	+9.0%	-3.5%	+19.3%	-
Employees (FTE)	+13.6%	+0.6%	+1.8%	+1.2%	-

Note: these years are not on the same basis. The filed schemas differ (micro schema, abbreviated schema), so the columns are not directly comparable.

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	3.04	3.20	3.09	3.35	3.23
Quick ratio	3.04	3.20	3.09	3.35	3.23
Working capital ratio	41.6%	40.0%	37.4%	37.9%	34.9%
Solvency	78.7%	80.5%	80.5%	82.1%	81.8%
Debt / equity	0.27	0.24	0.24	0.22	0.22
Long-term debt ratio	0.01	0.02	0.02	0.02	0.03
Interest coverage	4.25	2.61	0.66	2.69	3.04
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	3.5%	3.3%	-1.4%	9.5%	3.8%
ROE	4.4%	4.1%	-1.8%	11.5%	4.6%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €1.08M · 38.0% Current assets €1.77M · 62.0%

Equity & liabilities

Equity €2.25M · 78.7% Debt €608k · 21.3%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.85M	€2.73M	€2.68M	€2.74M	€2.50M
Fixed assets	21/28	€1.08M	€1.14M	€1.20M	€1.26M	€1.23M
Tangible fixed assets	22/27	€1.08M	€1.14M	€1.20M	€1.26M	€1.23M
Financial fixed assets	28	€134	€134	€134	€134	€134
Current assets	29/58	€1.77M	€1.59M	€1.48M	€1.48M	€1.26M
Amounts receivable within one year	40/41	€546k	€492k	€445k	€191k	€156k
Investments	50/53	€892k	€790k	€702k	€742k	€741k
Cash & bank	54/58	€323k	€296k	€325k	€81k	€74k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.85M	€2.73M	€2.68M	€2.74M	€2.50M
Equity	10/15	€2.25M	€2.20M	€2.16M	€2.25M	€2.04M
Contributions / capital	10/11	€3k	€3k	€3k	€3k	-
Reserves	13	€450k	€450k	€450k	€450k	€450k
Accumulated profits (losses)	14	€1.40M	€1.31M	€1.21M	€1.25M	€993k
Amounts payable	17/49	€608k	€532k	€523k	€492k	€453k
Amounts payable after one year	17	€25k	€34k	€42k	€50k	€57k
Amounts payable within one year	42/48	€582k	€497k	€481k	€442k	€391k
Trade debts payable within one year	44	€36k	€29k	€23k	€26k	€48k
Income statement
Gross operating margin	9900	€2.86M	€2.61M	€2.37M	€2.43M	€2.12M
Operating result	9901	€33k	€-46k	€-78k	€140k	€32k
Financial income	75	€98k	€157k	€66k	€207k	€105k
Financial charges	65	€31k	€19k	€25k	€87k	€44k
Result before taxes	9903	€101k	€92k	€-38k	€260k	€94k
Income taxes	67/77	€2k	€2k	-	-	-
Net result for the period	9904	€99k	€90k	€-38k	€260k	€94k
Result to be appropriated	9905	€99k	€90k	€-38k	€260k	€94k

Directors & mandates 4 directors

Current directors & mandates

Delafortry Robert
Chair
State Gazette act 25103619 (13-08-2025)

Current
13-08-2025 → present
2 events
- 13-08-2025 Appointed· Chair
- 13-08-2025 Appointed· Treasurer
Nachtegaele Wouter
Vice-chair
State Gazette act 25103619 (13-08-2025)

Current
13-08-2025 → present
2 events
- 13-08-2025 Appointed· Vice-chair
- 13-08-2025 Appointed· Secretary

Former directors (2)

van Gool Greta
Director
State Gazette act 25103619 (13-08-2025)

Former
- → 24-04-2025
Van Spitael Guido
Director
State Gazette act 25103619 (13-08-2025)

Former
- → 24-06-2024

Legal Structure

NACE primary	Social work activities without accommodation(88993)
Legal form	Non-profit association(017)
Incorporation	31-05-1976
Status	Active
Postal code	2170

Establishment units 1 location

Primavera

Terlindenhofstraat 160, 2170 AntwerpenEducation

since 20062.154.345.551

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11422C0174/00L005	Flanders	1,338 m²	1 · 1,309 m²	12.5 m · 1 fl.

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.

Updates 11 events

All 14Financial 3Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

05-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

13-08

State Gazette act Director changes

26-05

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Back to profitnet €90k

Net result €90k after one loss-making year.

30-04

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Weakest financial yearnet €-38k ▼115%

Net result drops to €-38k, the lowest in the series; recovery starts the following year.

17-05

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Highest result since 2021net €260k ▲178%

Operating result €140k, net result €260k, both a record.

03-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

22-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

13-07

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

04-06

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

18-05

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

11-05

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 7 acts read

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 1 year ago

2025

13-08-2025 4 directors appointed, 2 resigning, 4 reappointed Director changes

Delafortry Robert, Voorzitter
Delafortry Robert, Penningmeester
Nachtegaele Wouter, Ondervoorzitter
Nachtegaele Wouter, Secretaris
Van Spitael Guido, Bestuurder
van Gool Greta, Bestuurder
Delafortry Robert, Bestuurder
Nachtegaele Wouter, Bestuurder

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Van Spitael Guido",
        "address": "Jozef Mulssstraat 35 bus1, 2170 Merksem",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2024-06-24",
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "van Gool Greta",
        "address": "Nieuwdreef 129/37, 2170 Merksem",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2025-04-24",
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Delafortry Robert",
        "address": "Kerkedreef 34, 2930 Brasschaat",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_agm_year",
        "value": "2028"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Nachtegaele Wouter",
        "address": "Salvialei 75, 2900 Schoten",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_agm_year",
        "value": "2028"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Picard Robert",
        "address": "Minister Schollaertstraat 31, 2170 Merksem",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_agm_year",
        "value": "2028"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Tom Bogaerts",
        "address": "Victor Govaerslaan 9 BC701, 2170 Merksem",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_agm_year",
        "value": "2028"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "voorzitter",
      "person": {
        "rrn": null,
        "name": "Delafortry Robert",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "penningmeester",
      "person": {
        "rrn": null,
        "name": "Delafortry Robert",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "ondervoorzitter",
      "person": {
        "rrn": null,
        "name": "Nachtegaele Wouter",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "secretaris",
      "person": {
        "rrn": null,
        "name": "Nachtegaele Wouter",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2025-08-04",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2025-04-24",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0416.239.272",
    "name_full": "Primavera",
    "legal_form": "VZW"
  },
  "publication_proxy": {
    "kind": null,
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

85322Social work activities without accommodation88993

Names & trade names

Legal nameNL

Primavera

Similar companies Comparable size · 245 of 284 companies in this sector with filed accounts

A.P.A.C. BE 0456.685.007 · Manage

Kringwinkel Hageland BE 0465.914.160 · Tienen

VLOTTER BE 0200.762.878 · Boom

L'OUVROIR BE 0407.722.573 · Brussel

Maison d'Accueil socio-sanitaire de Bruxelles - Medisch sociaal Opvangcentrum van Brussel BE 0465.703.136 · Brussel