Primmodec
ActiveSummary
Primmodec has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €581,436 and a net result of -€68,564. Its solvency ranks better than 41% of 11,149 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €581,436
- Loss
- -€68,564
- Parent
- BELFIMA INVEST · 100%
- Fodec ManagementDirector · permanent representative De Cuyper,Peter
Why 93lowers riskSize: total assets €2.6mSector: Real estate activities (NACE 68)Figures for financial year 2025 (filed 04-08-2026)Liquidity: current ratio 1.29, cash €985,951Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small): better than 42% on solvency, 80% on liquidity and 8% on profitability.
The bankruptcy probability was computed on 22-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · abbreviated…
- IncorporationAppointment: Fodec Management (director) ·…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (4 days) Filed on 4 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00388421.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Peer companies
Historical observationOf the 5,181 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96.4% are still going.
- Small
- solvency 10 to 30%
- a small loss
- without age
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 5,181 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.
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €719 |
| Other operating charges640/8 | €954 |
| Gross operating margin9900 | -€17,958 |
| Operating profit (loss)9901 | -€19,632 |
| Financial income75/76B | €239 |
| Recurring financial income75 | €239 |
| Financial charges65/66B | €49,171 |
| Recurring financial charges65 | €49,171 |
| Profit (loss) for the period before taxes9903 | -€68,564 |
| Profit (loss) for the period9904 | -€68,564 |
| Profit (loss) for the period to be appropriated9905 | -€68,564 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €2.6m | |
| Formation expenses20 | €0.002m | |
| Current assets29/58 | €2.6m | |
| Stocks and contracts in progress3 | €1.6m | |
| Stocks30/36 | €1.6m | |
| Amounts receivable within one year40/41 | €0.003m | |
| Trade receivables40 | €343 | |
| Other amounts receivable41 | €0.002m | |
| Cash at bank and in hand54/58 | €1.0m | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €2.6m | |
| Equity10/15 | €0.6m | |
| Contributions10/11 | €0.7m | |
| Profit (loss) carried forward14 | -€0.07m | |
| Amounts payable17/49 | €2.0m | |
| Amounts payable within one year42/48 | €2.0m | |
| Financial debts43 | €1.0m | |
| Credit institutions430/8 | €1.0m | |
| Other amounts payable47/48 | €1.1m | |
| Accrued charges and deferred income492/3 | €0.005m | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€68,564 |
| + Depreciation and write-downs630 | €719 |
| Operating cash flow (approximation) | -€67,845 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 04-08-2026 | 2026-00388421 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Permanent representatives 1
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Fodec Management |
|
Owners and capital
Owners
1 ownerChain of control
- BELFIMA INVEST
- Primmodec
Highest known parent: BELFIMA INVEST. The sources do not say who stands above it.
Owners 1
- BELFIMA INVESTparent100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- BELFIMA INVEST (BE 0466.014.328) 100 shares (100%) · in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 08-11-2024 Incorporation · €1,500,000 · 100 shares
Group and network
Connections & network
2 connected companiesHistory
Acts, filings and financial milestones
08-11
Gazette deed
IncorporationAppointment: Fodec Management (director) · Permanent representative: De Cuyper,Peter · Founder7 facts ▸
- Incorporation, 05-11-2024
- Founder, BELFIMA INVEST
- Founding capital, €1,500,000
- Registered office clause, “9090 Melle,Collegebaan 2C” (deed in Dutch)
- Director appointment, Fodec Management (director)
- Permanent representative, De Cuyper,Peter
- Shareholding, “artikel 2:8 § 4 WVV, opname in akte met oog op neerlegging in vennootschapsdossier” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 22 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1015.944.940
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44040D0127/00B002 | Flanders | 2,448 m² | 1 · 764 m² | 16.6 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De aankoop en verkoop van gronden, individuele woningen, van te renoveren gebouwen, commerciële centra, industriële centra, hotels…” (deed in Dutch)
9 activities (deed in Dutch)
- De aankoop en verkoop van gronden, individuele woningen, van te renoveren gebouwen, commerciële centra, industriële centra, hotels, industriezones, markten, jachthavens, wintersportcentra, enzovoort en dit indien mogelijk onder statuut van beroepsverkoper.
- De projectontwikkeling voor de nieuwbouw van individuele woningen of voor renovatiewerken, voor de bouw van appartementsgebouwen, voor de bouw of de aanleg van: commerciële centra, industriële centra, hotels, industriezones, markten, jachthavens, wintersportcentra, enzovoort, en voor de aanleg of renovatie van stadswijken; en toezicht op de bouwwerkzaamheden.
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen, zowel van goederen gelegen in België of in het buitenland, al dan niet onder de toepassing van de BTW; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden, het oprichten, het aankopen, verkopen, ruilen, bouwen, herstellen en tot waarde brengen, verbouwen, laten opschikken, laten uitrusten, ombouwen, verfraaien, onderhouden, verhuren, huren, leasen of in leasing geven, verkavelen, urbaniseren, prospecteren en uitbaten van onroerende goederen, of er om het even welk ander persoonlijk of zakelijk recht op te verlenen of te verwerven; de aan- en verkoop, huur en verhuur van roerende goederen, alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen, alsmede zich borg te stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze roerende en onroerende goederen.
- In het algemeen genomen, alle verrichtingen die rechtstreeks of onrechtstreeks verband houden met openbare en particuliere bouwwerken.
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium, alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons, waardepapieren, staatsfondsen of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten rechtspersonen en ondernemingen.
- Advies- en/of dienstverlening aan bedrijven, privépersonen en instellingen in de ruimste zin van het woord, voornamelijk doch niet uitsluitend op het vlak van, management, marketing, productie en ontwikkeling, processing en het besturen van vennootschappen, dit alles in de meest ruime betekenis.
- Het geven van advies inzake de organisatie en het beheer van ondernemingen.
- Het beleggen, het intekenen op, vast overnemen, plaatsen, kopen, verkopen en verhandelen van aandelen, deelbewijzen, obligaties, inschrijvingsrechten, certificaten, schuldvorderingen, gelden en andere roerende waarden, uitgegeven door Belgische of buitenlandse ondernemingen al dan niet onder de vorm van vennootschappen, administratiekantoren, instellingen en verenigingen al dan niet met een (semi-)publiekrechtelijk statuut.
- Het beheren van beleggingen en van participaties in vennootschappen, het waarnemen van bestuurdersfuncties, directie, controle of vereffening, het verlenen van advies, management en andere diensten. Deze diensten kunnen worden geleverd krachtens contractuele of statutaire benoemingen en in de hoedanigheid van externe raadgever of orgaan.
- Name clauseThe name the company operates under according to its articles.
- Primmodec
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, 9090 Melle,Collegebaan 2C” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “1, geheel van de bevoegdheden van de bestuurders” (deed in Dutch)“Alle handelingen nodig of nuttig voor verwezenlijking voorwerp, handelingen door wet of statuten aan algemene vergadering voorbehouden” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Saturday of June at 12:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one.
- No statutory auditor
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Mits naleving voorwaarden bepaald in WVV, algemene vergadering mag één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen en…” (deed in Dutch)