PROMETHEE CONSTRUCTIONS
ActivePROMETHEE CONSTRUCTIONS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €175k and a net result of €-110k. Equity is shrinking by ~21.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 25% of 9716 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability13▲+5
Solvency33▼-13
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity tight (current ratio 1.07 against 1.21 in 2023; short-term debt: 92% and cash: 22.4% of total assets), and 92.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
7.7%
Return on assets
-4.8%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year €-110k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 9716 sector peers (2024).
NBB · sector comparisonPosition among 9716 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
56 d late
2023
28 d late
2022
46 d early
2021
31 d late
2020
25 d late
2019
101 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-110k▲ 1.4%
2023 · €-111k
2019: €-60k
2020: €-70k
2021: €-110k
2022: €-62k
2023: €-111k
2019 → 2024
Working capital
€149k▼ 32.6%
2023 · €221k
2019: €635k
2020: €549k
2021: €334k
2022: €292k
2023: €221k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€569k-€459k▼ 19.4%€396k▼ 13.6%€285k▼ 28.1%€175k▼ 38.5%
Operating result€-66k-€-103k▼ 55.5%€-60k▲ 42.1%€-110k▼ 84.5%€-108k▲ 1.8%
Net result€-70k-€-110k▼ 57.0%€-62k▲ 43.5%€-111k▼ 78.2%€-110k▲ 1.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €108k in 2024 against €110k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.27M
Fixed assets
€32k▼ 56.5%
Current assets
€2.24M▲ 78.5%
Equity and liabilities €2.27M
Equity
€175k▼ 38.5%
Provisions
€2k=
Debt
€2.09M▲ 101%
The debt ratio rises from 78.3% to 92.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-90k▼
2023 · €-75k
Cash flow
€-92k▼
2023 · €-77k
Solvency
7.7%▼
2023 · 21.5%
Current ratio
1.07▼
2023 · 1.21
Quick ratio
0.25▲
2023 · 0.08
Debt / equity
11.92▲
2023 · 3.64
ROE
-62.6%▼
2023 · -39.0%
ROA
-4.8%▲
2023 · -8.4%
Interest coverage
-47.29▲
2023 · -53.83
Debt
€2.09M▲
2023 · €1.04M
Debt ≤ 1 year
€2.09M▲
2023 · €1.03M
Debt > 1 year
€0▼
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.33M€2.27M▲
Fixed assets21/28€74k€32k▼
Tangible fixed assets22/27€74k€32k▼
Plant, machinery and equipment23€41k€25k▼
Furniture and vehicles24€9k€7k▼
Leasing and similar rights25€24k€0▼
Current assets29/58€1.25M€2.24M▲
Stocks and contracts in progress3€1.17M€1.71M▲
Stocks30/36€1.17M€1.71M▲
Amounts receivable within one year40/41€56k€7k▼
Trade receivables40€52k€3k▼
Other amounts receivable41€5k€4k▼
Cash at bank and in hand54/58€6k€507k▲
Deferred charges and accrued income490/1€20k€15k▼
Equity and liabilities
Total equity and liabilities10/49€1.33M€2.27M▲
Equity10/15€285k€175k▼
Contributions10/11€700k€700k=
Capital10€700k€700k=
Issued capital100€700k€700k=
Profit (loss) carried forward14€-415k€-525k▼
Provisions and deferred taxes16€2k€2k=
Provisions for liabilities and charges160/5€2k€2k=
Environmental obligations163€2k€2k=
Amounts payable17/49€1.04M€2.09M▲
Amounts payable after more than one year17€7k€0▼
Financial debts170/4€7k€0▼
Amounts payable within one year42/48€1.03M€2.09M▲
Current portion of amounts payable after more than one year42€17k€0▼
Financial debts43-€1.11M
Credit institutions430/8-€1.11M
Trade debts44€16k€533k▲
Suppliers440/4€16k€533k▲
Advances received on contracts in progress46€53k€0▼
Taxes, remuneration and social security45€445€0▼
Taxes450/3€445€0▼
Other amounts payable47/48€945k€441k▼
Accrued charges and deferred income492/3-€3k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€18k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€2k€0▼
Other operating charges640/8€1k€30k▲
Gross operating margin9900€-72k€-60k▲
Operating profit (loss)9901€-110k€-108k▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€-111k€-110k▲
Profit (loss) for the period9904€-111k€-110k▲
Profit (loss) for the period to be appropriated9905€-111k€-110k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-415k€-525k▼
Profit (loss) brought forward from the previous period14P€-304k€-415k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
02-09
State Gazette act
RestructuringMerger · Corporate purpose · Accounting effect12 facts ▸
State Gazette act
Restructuring
Merger · Corporate purpose · Accounting effect12 facts ▸
- Merger, geruisloze fusie, 2026-05-20
- Corporate purpose, De vennootschap heeft tot voorwerp, voor eigen rekening, voor rekening van derden of in deelneming, in België of in het buitenland: - vastgoedontwikkeling, name…
- Corporate purpose, De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, ofwel rechtstreeks of in medewerking met derden, zowel voor eigen rekening als voor r…
- Accounting effect, 2026-07-01
- Real estate, Een perceel grond gelegen in Hoei, derde divisie nummer 61.007 BEN-AHIN, gekend als "Gives Derrière Saive", bij Het kadaster geregistreerd onder titel sectie C…
- Real estate, Een perceel grond gelegen in Wanze, eerste divisie, gekend als Campagne de Haive, bij het kadaster geregistreerd ondersectie A, nummer 0242G4P0000 met een opper…
- Real estate, Een perceel grond, gelegen te Marchin, eerste divisie, bij het kadaster geregistreerd onder sectie perceel nummer 0483/02 G 0000 A.
- Real estate, Een perceel grond, gelegen te Marchin, eerste divisie, bij het kadaster geregistreerd onder sectie perceel nummer 0483/02 M 000 A.
- Shareholding, alle zevenhonderd (700) aandelen in volle eigendom
- Share issue, geen nieuwe aandelen toegekend
- Dissolution, ontbinding zonder vereffening
- Power of attorney, Fatima El Jaouhari
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 56 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €-111k
Net result drops to €-111k, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Machelen (Brab.) · 1 establishment unit since 2019
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.
Woluwelaan 145-11831 Machelen (Brab.)Ground area
2.1 ha
Building footprint
3,994 m²
Volume, LiDAR
28,009 m³
2 parcels, Flanders, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PROMETHEE CONSTRUCTIONS
since 20192.290.703.696
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015B0253/00X000 | Flanders | 2.1 ha | 1 · 3,948 m² | 9.0 m · 2 fl. |
| 61039A0364/02A000indicative | Wallonia | 592 m² | 1 · 46 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:ARYLLIS ESTATE
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Of 9,695 companies in sector 68121 we hold annual accounts for 7,381. 5,348 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-02-2019
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:shahram.zareiy@gmail.com
Phone:+32493475595