PRIMOTECH
ActiveSummary
The computed 12-month bankruptcy probability of PRIMOTECH is 13.5% (high). The 2025 annual accounts show equity of €5,798 and a net result of €6,342. Equity is shrinking by about 58% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 58% of 4,774 sector peers (NACE 56, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 2 administrative register entries (see administrative flags).
Overview
- Equity
- €5,798
- Profit
- €6,342
Why 32raises risk2 changes of registered office in 24 monthsFounded in 2021Ex-officio strike-off in the KBOLast filed accounts filed 42 days late; 2 of the last 3 lateShow the evidence
Checked score
About 1 in 7 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 56, micro): better than 57% on solvency, 38% on liquidity and 93% on profitability.
The bankruptcy probability was computed on 30-10-2026 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
This company filed its last 5 accounts on average 44 days after the deadline; the sector median (NACE 56) for financial year 2024 is 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Back to profitnet €6,342
- Resignation: El Adek, Yasir (director)Appointment: Vercaigne Mathias Pascal E…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (42 days) Filed on 11 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00511156.
2021 to 2025, 5 financial years
The operating result returns to profit in 2025: €7,377 after a loss of €875 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital.
Peer companies
Historical observationOf the 26,972 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 94.9% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 13.5% 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 497,445 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% | 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% |
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 26,972 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €875 | €875 | €875 | €875 | - | - |
| Gross operating margin9900 | €838 | - | - | - | €7,377 | - |
| Operating profit (loss)9901 | -€37 | -€875 | -€875 | -€875 | €7,377 | - |
| Financial income75/76B | €13 | - | - | - | - | - |
| Recurring financial income75 | €13 | - | - | - | - | - |
| Financial charges65/66B | €14 | €1 | €180 | €194 | €1,034 | ▲ 434% |
| Recurring financial charges65 | €14 | €1 | €180 | €194 | €1,034 | ▲ 434% |
| Profit (loss) for the period before taxes9903 | -€38 | -€876 | -€1,055 | -€1,069 | €6,342 | - |
| Income taxes67/77 | €7 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€45 | -€876 | -€1,055 | -€1,069 | €6,342 | - |
| Profit (loss) for the period to be appropriated9905 | -€45 | -€876 | -€1,055 | -€1,069 | €6,342 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2,825 | €2,150 | €1,275 | - | €15,583 | - |
| Fixed assets21/28 | €2,625 | €1,750 | €875 | - | - | - |
| Tangible fixed assets22/27 | €2,625 | €1,750 | €875 | - | - | - |
| Plant, machinery and equipment23 | €2,625 | €1,750 | €875 | - | - | - |
| Current assets29/58 | €200 | €400 | €400 | - | €15,583 | - |
| Stocks and contracts in progress3 | - | - | - | - | €12,350 | - |
| Stocks30/36 | - | - | - | - | €12,350 | - |
| Amounts receivable within one year40/41 | €200 | €400 | €400 | - | - | - |
| Other amounts receivable41 | €200 | €400 | €400 | - | - | - |
| Cash at bank and in hand54/58 | €1 | €0 | - | - | €3,233 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2,825 | €2,150 | €1,275 | - | €15,583 | - |
| Equity10/15 | €2,455 | €1,579 | €525 | -€544 | €5,798 | - |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Capital10 | - | - | - | - | €2,500 | - |
| Issued capital100 | - | - | - | - | €2,500 | - |
| Contributions outside capital11 | - | - | €2,500 | €2,500 | - | - |
| Other1109/19 | - | - | €2,500 | €2,500 | - | - |
| Profit (loss) carried forward14 | -€45 | -€921 | -€1,975 | -€3,044 | €3,298 | - |
| Amounts payable17/49 | €370 | €570 | €750 | €544 | €9,784 | ▲ 18× |
| Amounts payable within one year42/48 | €370 | €570 | €750 | €544 | €9,784 | ▲ 18× |
| Financial debts43 | - | - | €180 | €137 | - | - |
| Credit institutions430/8 | - | - | €180 | €137 | - | - |
| Trade debts44 | - | - | - | - | €9,207 | - |
| Suppliers440/4 | - | - | - | - | €9,207 | - |
| Taxes, remuneration and social security45 | €7 | €7 | €7 | - | €170 | - |
| Taxes450/3 | €7 | €7 | €7 | - | €170 | - |
| Other amounts payable47/48 | €363 | €564 | €564 | €407 | €407 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€45 | -€876 | -€1,055 | -€1,069 | €6,342 | - |
| + Depreciation and write-downs630 | €875 | €875 | €875 | €875 | - | - |
| Operating cash flow (approximation) | €830 | -€1 | -€180 | -€194 | €6,342 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | -€0 | - | - | - | - |
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 (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 11-09-2026 | 2026-00511156 |
| 31-12-2024 | micro format | 27-06-2025 | 2025-00187730 |
| 31-12-2023 | micro format | 05-02-2025 | 2025-00031986 |
| 31-12-2022 | micro format | 01-09-2023 | 2023-00436219 |
| 31-12-2021 | micro format | 22-07-2022 | 2022-20211432 |
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
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Vercaigne Mathias Pascal E |
|
| El Adek, Yasir |
|
| Madani Khalid |
|
Owners and capital
Capital and shareholders
- Vercaigne Mathias Pascal E 90 shares
- El Adek, Yasir 10 shares
- El Adek, Yasir to Vercaigne Mathias Pascal E 90 shares
- El Adek Yasir 100 shares
- Madani Khalid
- Madani Khalid to El Adek Yasir 100 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 26-09-2025 Capital stated in the deed · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
26-09
Gazette deed
Resignation: El Adek, Yasir (director)Appointment: Vercaigne Mathias Pascal E (director) · Share transfer · Registered-office move8 facts ▸
- General meeting, 01-07-2025
- Share transfer, El Adek, Yasir → Vercaigne Mathias Pascal E
- Director resignation, El Adek, Yasir (director)
- Director appointment, Vercaigne Mathias Pascal E (director)
- Registered-office move, Straatstraat aux laines 91B, 1000 Brussel
- Shareholding, “sociale aandelen”, 90 (deed in Dutch)
- Shareholding, “sociale aandelen”, 10 (deed in Dutch)
- Capital
25-11
Gazette deed
Resignation: Madani Khalid (director)Appointment: El Adek Yasir (director) · Share transfer · Shareholding7 facts ▸
- General meeting, 27-02-2022
- Director resignation, Madani Khalid (director)
- Director appointment, El Adek Yasir (director)
- Share transfer, Madani Khalid → El Adek Yasir
- Shareholding, 27-02-2022, 100
- Shareholding, 27-02-2022, 0
- Registered-office move, Tervurenlaan 146 bus 1 te 1150 Sint-Pieters-Woluwe
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental 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 |
|---|---|---|---|---|
| 21808H0185/02E000 | Brussels | 72 m² | 1 · 55 m² | 14.6 m · 4 |