Primoris Holding
ActiveSummary
Primoris Holding has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €10.02M and a net result of €1.26M. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 1114 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability23▲+7
Solvency100=
Growth71=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 12.27 against 5.06 in 2023; short-term debt: 2.2% and cash: 4.8% of total assets), and 2.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
97.4%
Return on assets
12.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
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 →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€799k▲ 7.8%
2023 · €741k
2018: €510k
2019: €527k
2020: €613k
2021: €750k
2022: €800k
2023: €741k
2018 → 2024
EBIT margin
-72.1%▼ 3.3pp
2023 · -68.8%
2018: -62.1%
2019: -22.0%
2020: -66.8%
2021: -78.6%
2022: -97.4%
2023: -68.8%
2018 → 2024
Net result
€1.26M▲ 206%
2023 · €411k
2018: €376k
2019: €434k
2020: €474k
2021: €630k
2022: €450k
2023: €411k
2018 → 2024
Working capital
€2.59M▲ 134%
2023 · €1.10M
2018: €713k
2019: €903k
2020: €864k
2021: €1.33M
2022: €1.86M
2023: €1.10M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€613k-€750k▲ 22.4%€800k▲ 6.7%€741k▼ 7.3%€799k▲ 7.8%
Equity€7.27M-€7.90M▲ 8.7%€8.35M▲ 5.7%€8.76M▲ 4.9%€10.02M▲ 14.4%
Operating result€-409k-€-589k▼ 43.9%€-779k▼ 32.2%€-510k▲ 34.5%€-576k▼ 13.0%
Net result€474k-€630k▲ 33.0%€450k▼ 28.5%€411k▼ 8.7%€1.26M▲ 206%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €576k in 2024 against €510k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €10.28M
Fixed assets
€7.47M ▼ 2.8%
Current assets
€2.82M ▲ 105%
Equity and liabilities €10.28M
Equity
€10.02M ▲ 14.4%
Debt
€267k ▼ 11.7%
Debt's share of the balance-sheet total falls from 3.3% to 2.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-334k▼
2023 · €-315k
Cash flow
€1.50M▲
2023 · €606k
Current ratio
12.27▲
2023 · 5.06
Debt to equity
0.03▼
2023 · 0.03
ROE
12.6%▲
2023 · 4.7%
ROA
12.2%▲
2023 · 4.5%
Interest coverage
-42.02▼
2023 · -39.40
Debt ≤ 1 year
€230k▼
2023 · €272k
Income taxes
€77k▲
2023 · €28k
Staff costs
€623k▲
2023 · €538k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 68 lines
Balance sheet
Code20232024
Assets
Total assets20/58€9.06M€10.28M▲
Fixed assets21/28€7.69M€7.47M▼
Intangible fixed assets21€231k€220k▼
Tangible fixed assets22/27€497k€163k▼
Land and buildings22€167k€0▼
Plant, machinery and equipment23€11k€9k▼
Furniture and vehicles24€173k€126k▼
Other tangible fixed assets26€145k€28k▼
Financial fixed assets28€6.96M€7.08M▲
Affiliated companies280/1€6.96M€7.08M▲
Participating interests280€6.56M€6.56M=
Amounts receivable281€394k€520k▲
Current assets29/58€1.38M€2.82M▲
Amounts receivable after more than one year29€61k€0▼
Trade receivables290€61k€0▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€178k€305k▲
Trade receivables40€66k€36k▼
Other amounts receivable41€112k€269k▲
Current investments50/53€600k€1.95M▲
Other investments51/53€600k€1.95M▲
Cash at bank and in hand54/58€460k€496k▲
Deferred charges and accrued income490/1€76k€66k▼
Equity and liabilities
Total equity and liabilities10/49€9.06M€10.28M▲
Equity10/15€8.76M€10.02M▲
Contributions10/11€2.58M€2.58M=
Reserves13€6.18M€7.43M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€6.17M€7.43M▲
Amounts payable17/49€302k€267k▼
Amounts payable within one year42/48€272k€230k▼
Trade debts44€145k€67k▼
Suppliers440/4€145k€67k▼
Taxes, remuneration and social security45€126k€159k▲
Taxes450/3€9k€8k▼
Remuneration and social security454/9€118k€151k▲
Other amounts payable47/48-€4k
Accrued charges and deferred income492/3€30k€37k▲
Income statement
Code20232024
Operating income70/76A€1.20M€1.43M▲
Turnover70€741k€799k▲
Other operating income74€457k€480k▲
Non-recurring operating income76A-€150k
Operating charges60/66A€1.71M€2.00M▲
Services and other goods61€944k€1.10M▲
Remuneration, social security and pensions62€538k€623k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€195k€242k▲
Other operating charges640/8€26k€31k▲
Non-recurring operating charges66A€5k€6k▲
Operating profit (loss)9901€-510k€-576k▼
Financial income75/76B€976k€1.92M▲
Recurring financial income75€976k€1.92M▲
Income from financial fixed assets750€954k€1.86M▲
Income from current assets751€15k€26k▲
Other financial income752/9€7k€40k▲
Financial charges65/66B€27k€13k▼
Recurring financial charges65€27k€13k▼
Debt charges650€8k€8k▼
Other financial charges652/9€19k€5k▼
Profit (loss) for the period before taxes9903€439k€1.34M▲
Income taxes67/77€28k€77k▲
Taxes670/3€28k€77k▲
Profit (loss) for the period9904€411k€1.26M▲
Profit (loss) for the period to be appropriated9905€411k€1.26M▲
Appropriation of the result
Profit (loss) to be appropriated9906€411k€1.26M▲
Transfer to equity691/2€411k€1.26M▲
To other reserves6921€411k€1.26M▲
Social balance
Average headcount (FTE)90873.03.1▲
The notes to these accounts (82 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
07-08
State Gazette act
General meeting · Approval
Director discharge · Dissolution
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €1.26M ▲206%
Net result €1.26M, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 12.27
Current ratio from 5.06 to 12.27; short-term debt falls from €272k to €230k.
31-12
Financial
Equity above €10MEq €10.02M ▲14.4%
7 profitable years in a row build equity to €10.02M.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity triplescurrent ratio 14.81
Current ratio from 5.52 to 14.81; short-term debt falls from €158k to €65k.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
24 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Technologiepark-Zwijnaarde 909052 GentGround area
3,175 m²
Building footprint
615 m²
Volume, LiDAR
5,181 m³
Parcel 44082B0167/00K000, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Primoris Group
since 20002.099.684.071
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082B0167/00K000 | Flanders | 3,175 m² | 1 · 615 m² | 11.9 m · 3 fl. |
Linked by address, not proof of ownership
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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 3 entries · 49,653 EUR awarded · 49,654 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 24,827 EUR |
| 2024 | 1 | 49,653 EUR | 24,827 EUR |
Schemes
O&O-haalbaarheidsstudie
Similar companies · same sector, comparable size
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HENOGEN
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Lab Box
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Of 2,145 companies in sector 71209 we hold annual accounts for 1,086. 157 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded27-04-2000
Fiscal year end31-12
Activities, NACEBEL 2025
71209Other technical testing and analysis
72109Other research and development on natural sciences
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.