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Primoris Holding

Active
Coöperatieve vennootschap met beperkte aansprakelijkheidfounded 200026 yrs activeTechnologiepark-Zwijnaarde 90, 9052 Gent, BelgiumKBO/BCE: BE 0471.767.418
Summary

Primoris Holding has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.1m and a net result of €1.2m. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
Primoris HoldingActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
Other technical testing and analysis
NACE 71209Other professional, scientific and technical activities NACE 74302
1 site
Size
€1.1mturnover 2025
Staff
6.5 FTE
Equity
€11.1m
Profit
€1.2m
Financial health
94 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Largest shareholder
BELORTA · 27.9%
Board
2 members
Holdings
9
Accounts 39 d early1 of 24 deeds read
Why 94+ Equity €11.1m (96.2% of total assets)+ Profit of €1.2m (FY 2025)+ Founded in 2000+ Size: turnover €1.1m, 6.5 FTE, total assets €11.6mShow the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Better than 55% of its sector peers (NACE 71, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 96.2% of total assets
Liquidity 59+3
short-term debt 3.7% · cash 7.6%
Profitability 21-2
return on assets 10.0%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (14,788 companies)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● 0.0% vs 11-2024 01-2025: < 0.1%▼ -2.0% vs 12-2024 02-2025: < 0.1%▼ -2.0% vs 01-2025 03-2025: < 0.1%● 0.0% vs 02-2025 04-2025: 0.1%▲ +6.3% vs 03-2025 05-2025: 0.1%● 0.0% vs 04-2025 06-2025: 0.1%▲ +11.8% vs 05-2025 07-2025: 0.1%▲ +54.4% vs 06-2025highest value 08-2025: < 0.1%▼ -44.3% vs 07-2025 09-2025: < 0.1%● 0.0% vs 08-2025 10-2025: < 0.1%● 0.0% vs 09-2025 11-2025: < 0.1%● 0.0% vs 10-2025 12-2025: < 0.1%● 0.0% vs 11-2025 01-2026: < 0.1%▼ -2.0% vs 12-2025 02-2026: < 0.1%▼ -2.1% vs 01-2026lowest value 03-2026: < 0.1%● 0.0% vs 02-2026lowest value 04-2026: < 0.1%▲ +4.3% vs 03-2026 05-2026: < 0.1%● 0.0% vs 04-2026 06-2026: 0.1%▲ +8.2% vs 05-2026 07-2026: < 0.1%▼ -7.5% vs 06-2026 08-2026: < 0.1%● 0.0% vs 07-2026 09-2026: < 0.1%● 0.0% vs 08-2026 10-2026: < 0.1%● 0.0% vs 09-2026
  • Equity €11.1m (96.2% of total assets) lowers the probability
  • Profit of €1.2m (FY 2025) lowers the probability
  • Founded in 2000 lowers the probability for this profile
  • Size: turnover €1.1m, 6.5 FTE, total assets €11.6m lowers the probability for this profile
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 8.3 against 12.27 in 2024; short-term debt: 3.7% and cash: 7.6% of total assets), and 3.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 71, micro). Better than this share of them on solvency 87%, liquidity 46%, profitability 14%, growth against the median 73%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Equity €11.1m (96.2% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Profit of €1.2m (FY 2025)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Founded in 2000
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Size: turnover €1.1m, 6.5 FTE, total assets €11.6m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
39 d early
2024
34 d early
2023
55 d early
2022
35 d early
2021
38 d early
2020
19 d early
2019
24 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 35 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 23 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Reappointments: Philippe Appeltans (director) and Bruno…State Gazette act
  2. Annual accounts filedfiscal year 2025 · full…
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Positive: Staff rose in 2025from 3.1 FTE to 6.5 FTE ▲ 110% View
  • Positive: Among the best 5% on solvencysector median 42.2% · 867 companies 96.2% View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €1.2m 8 years View
  • Heads a groupcompanies controlled 9 View
  • New directorslatest change 19-06-2026 · 2 in office 2 joined View

By topic

Financials

Fiscal year
2025
Turnover
€1.1m
Profit
€1.2m
Solvency
96.2%
Turnover▲ 43.7%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 10-07-2026Reappointments: Philippe Appeltans (director) and Bruno De…
  2. 22-06-2026Annual accounts filed
  3. 27-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Coöperatieve vennootschap met beperkte aansprakelijkheid
Activity
Other technical testing and analysisNACE 71209
Founded
27-04-2000
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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