PRIMO DEVELOPMENTS
ActiveSummary
PRIMO DEVELOPMENTS has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €226,888 and a net result of -€8,439. Equity has been shrinking by about 3.1% per year since 2022. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 16-03-2022 Normal situation
- Activity
- “Het verwerven van gronden met de bedoeling deze stedenbouwkundig te ontwikkelen of te verkavelen…” (deed in Dutch)From the articles, 4 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.329.177.460 9300 Aalst, since 16-03-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 02-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €16,256
- Turnover
- ≈ €120,000
- estimated
- Loss
- €8,439
- ▲ 1.2%
- Equity
- €226,888
- ▼ 3.6%
- Total assets
- €1.1m
- ▲ 0.5%
Score breakdownraises riskFounded in 2022Liquidity: current ratio 2.78, cash €4,992lowers riskSize: total assets €1.1mNo main activity registeredShow the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 (no NACE code, micro). It does better than 28% of them on solvency, 19% on liquidity, 25% on profitability and 34% on growth.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 25 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 03-07-2026 at the NBB all 4 filings
Every figure per financial year
The operating result for 2025 is a profit of €12,634, after a loss of €8,166 in 2024. It is the highest result since 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,769 | €0 | - | - | - |
| Other operating charges640/8 | €114 | €48 | €2,430 | €3,622 | ▲ 49.1% |
| Gross operating margin9900 | -€6 | -€3,361 | -€5,736 | €16,256 | - |
| Operating profit (loss)9901 | -€2,889 | -€3,409 | -€8,166 | €12,634 | - |
| Financial charges65/66B | €4 | €31 | €174 | €21,073 | ▲ 121× |
| Recurring financial charges65 | €4 | €31 | €174 | €21,073 | ▲ 121× |
| Profit (loss) for the period before taxes9903 | -€2,893 | -€3,440 | -€8,340 | -€8,439 | ▼ 1.2% |
| Profit (loss) for the period9904 | -€2,893 | -€3,440 | -€8,340 | -€8,439 | ▼ 1.2% |
| Profit (loss) for the period to be appropriated9905 | -€2,893 | -€3,440 | -€8,340 | -€8,439 | ▼ 1.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.1m | €1.1m | €1.1m | €1.1m | ▲ 0.5% |
| Current assets29/58 | €1.1m | €1.1m | €1.1m | €1.1m | ▲ 0.5% |
| Stocks and contracts in progress3 | €1.1m | €1.1m | €1.1m | €1.1m | ▲ 0.1% |
| Stocks30/36 | €1.1m | €1.1m | €1.1m | €1.1m | ▲ 0.1% |
| Cash at bank and in hand54/58 | €0.01m | €0.005m | €376 | €0.005m | ▲ 13× |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.1m | €1.1m | ▲ 0.5% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 3.6% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | -€0.003m | -€0.006m | -€0.01m | -€0.02m | ▼ 57.5% |
| Amounts payable17/49 | €0.8m | €0.9m | €0.9m | €0.9m | ▲ 1.6% |
| Amounts payable after more than one year17 | €0.8m | €0.8m | €0.8m | €0.5m | ▼ 33.3% |
| Financial debts170/4 | €0.8m | €0.8m | €0.8m | €0.5m | ▼ 33.3% |
| Amounts payable within one year42/48 | €0.08m | €0.1m | €0.1m | €0.4m | ▲ 180% |
| Trade debts44 | €0.001m | €0 | - | - | - |
| Suppliers440/4 | €0.001m | €0 | - | - | - |
| Other amounts payable47/48 | €0.08m | €0.1m | €0.1m | €0.4m | ▲ 180% |
| Accrued charges and deferred income492/3 | €0.002m | €0 | - | €0.002m | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,893 | -€3,440 | -€8,340 | -€8,439 | ▼ 1.2% |
| + Depreciation and write-downs630 | €2,769 | €0 | - | - | - |
| Operating cash flow (approximation) | -€124 | -€3,440 | -€8,340 | -€8,439 | ▼ 1.2% |
| Change in cash | - | -€6,849 | -€4,199 | €4,615 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 440 companies had the same profile as PRIMO DEVELOPMENTS has now. Two years later, 95.5% were still going and 1.6% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a small loss
The bankruptcy probability of PRIMO DEVELOPMENTS itself is lower: 0.2% within 12 months. It rests on far more data about PRIMO DEVELOPMENTS than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 440 companies, not a prediction for PRIMO DEVELOPMENTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Shareholders
- COEN Luc Constant Ronny Maria 125 shares (50%) · €125,000
- DE JONGE Ann Marie-Rose 125 shares (50%) · €125,000
Capital transactions
- 18-03-2022 Incorporation · €250,000 · 250 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, 1”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 18-03-2022 (in Dutch)
Network & group
PRIMO DEVELOPMENTS shares no director with another company.
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of PRIMO DEVELOPMENTS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
18-03
Gazette deed
IncorporationStarting capital €250,000 · Appointment: DE JONGE Ann Marie-Rose (director) · Founder16 points ▸
- Founder, COEN Luc Constant Ronny Maria
- Founder, DE JONGE Ann Marie-Rose
- Incorporation, “PRIMO DEVELOPMENTS” (deed in Dutch)
- Other provision, 28-02-2022
- Other provision, 08-08-1995
- Other provision, “verklaring van wettelijke samenwoning” (deed in Dutch)
- Founding capital, €250,000
- Bank account, “vennootschap in oprichting, BE07 0689 4469 6666” (deed in Dutch)
- Other provision, “bevestiging deponering, overeenkomstig Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Other provision, “toereikendheid aanvangsvermogen, toereikend in het licht van de voorgenomen bedrijvigheid” (deed in Dutch)
- Capital
- Other provision, “slot- en overgangsbepalingen - eenparige beslissingen, slechts uitwerking vanaf neerlegging ter griffie van uitgifte van oprichtingsakte” (deed in Dutch)
- The act holds 4 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
4 activities
- Het verwerven van gronden met de bedoeling deze stedenbouwkundig te ontwikkelen of te verkavelen en deze te beheren
- Het beheer van haar patrimonium,bestaande uit onroerende en roerende goederen of rechten,te behouden,in de ruimste zin van het woord te beheren en oordeelkundig uit te breiden
- Het verwerven,verkopen,huren en verhuren van onroerende goederen
- Het verlenen van advies en bijstand in alle domeinen die gepaard gaan met de aan en verkoop,huur en verhuur en overdracht van onroerende goederen.Het adviseren met betrekking tot het onderhoud en de bijhorende kosten van gebouwen.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41002A0351/00K002 | Flanders | 338 m² | 1 · 158 m² | 12.2 m · 2 |