PRONOR
ActiveSummary
PRONOR has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €552,137 and a net result of €160,597. Equity is shrinking by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 63% of 7967 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+33
Solvency81▼-14
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 2.23 against 3.36 in 2024; short-term debt: 39.7% and cash: 17.4% of total assets), and 44.2% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
55.8%
Return on assets
16.2%
Age of the figures
9 mo
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 20-03-2026, 133 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
133 d early
2024
31 d early
2023
5 d early
2022
27 d early
2021
on the day
2020
31 d early
2019
31 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 37 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 4 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€552,137▼ 7.9%
2024 · €599,541
Total assets
€989,503▲ 15.4%
2024 · €857,175
Net result
€160,597▲ 2,929%
2024 · €5,301
Working capital
€484,647▼ 11.5%
2024 · €547,917
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€232,870▲ 29.5%€205,701▼ 11.7%€48,098▼ 76.6%€11,623▼ 75.8%€193,306▲ 1,563%
Net result€187,461above the sector's middle half▲ 63.6%€157,863above the sector's middle half▼ 15.8%€37,239within the sector's middle half▼ 76.4%€5,301below the sector's middle half▼ 85.8%€160,597above the sector's middle half▲ 2,929%
Equity€589,137within the sector's middle half▼ 40.0%€607,000within the sector's middle half▲ 3.0%€594,239within the sector's middle half▼ 2.1%€599,541within the sector's middle half▲ 0.9%€552,137within the sector's middle half▼ 7.9%
Total assets€1.2mwithin the sector's middle half▼ 5.0%€966,817within the sector's middle half▼ 21.2%€955,899within the sector's middle half▼ 1.1%€857,175within the sector's middle half▼ 10.3%€989,503within the sector's middle half▲ 15.4%
Debt€637,967▲ 106%€359,817▼ 43.6%€361,660▲ 0.5%€257,635▼ 28.8%€437,366▲ 69.8%
Working capital€527,813above the sector's middle half▼ 43.9%€561,467above the sector's middle half▲ 6.4%€559,499above the sector's middle half▼ 0.4%€547,917above the sector's middle half▼ 2.1%€484,647above the sector's middle half▼ 11.5%
Solvency48.0%within the sector's middle half▼ 28.0pp62.8%above the sector's middle half▲ 14.8pp62.2%within the sector's middle half▼ 0.6pp69.9%above the sector's middle half▲ 7.8pp55.8%within the sector's middle half▼ 14.1pp
Current ratio1.83within the sector's middle half▼ 2.222.56within the sector's middle half▲ 0.732.55within the sector's middle half▼ 0.013.36above the sector's middle half▲ 0.812.23within the sector's middle half▼ 1.13
Return on assets (ROA)15.3%above the sector's middle half▲ 6.4pp16.3%above the sector's middle half▲ 1.1pp3.9%within the sector's middle half▼ 12.4pp0.6%below the sector's middle half▼ 3.3pp16.2%above the sector's middle half▲ 15.6pp
Staff (FTE)4within the sector's middle half▲ 5.3%4within the sector's middle half=4within the sector's middle half=4within the sector's middle half=4within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,563% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €989,503
Fixed assets
€111,713 ▲ 44.4%
Current assets
€877,791 ▲ 12.6%
Equity and liabilities €989,503
Equity
€552,137 ▼ 7.9%
Debt
€437,366 ▲ 69.8%
Debt's share of the balance-sheet total rises from 30.1% to 44.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€218,108▲
2024 · €34,912
Cash flow
€185,399▲
2024 · €28,590
Quick ratio
1.55▼
2024 · 2.14
Debt to equity
0.79▲
2024 · 0.43
ROE
29.1%▲
2024 · 0.9%
Interest coverage
11.50▲
2024 · 4.36
Debt ≤ 1 year
€393,143▲
2024 · €231,885
Debt > 1 year
€44,222▲
2024 · €25,520
Income taxes
€25,020▲
2024 · €2,150
Staff costs
€308,462▲
2024 · €292,174
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.0% |
| 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% 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 31,371 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,600 | €905 | €0 | - | - | - |
| Remuneration, social security and pensions62 | €255,374 | €272,807 | €281,543 | €292,174 | €308,462 | ▲ 5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,016 | €18,333 | €19,247 | €23,288 | €24,802 | ▲ 6.5% |
| Other operating charges640/8 | €9,544 | €10,548 | €12,491 | €12,496 | €14,174 | ▲ 13.4% |
| Gross operating margin9900 | €512,804 | €507,390 | €361,379 | €339,582 | €540,743 | ▲ 59.2% |
| Operating profit (loss)9901 | €232,870 | €205,701 | €48,098 | €11,623 | €193,306 | ▲ 1,563% |
| Financial income75/76B | €35,051 | €22,468 | €15,787 | €3,835 | €11,282 | ▲ 194% |
| Recurring financial income75 | €35,051 | €22,468 | €15,787 | €3,835 | €11,282 | ▲ 194% |
| Financial charges65/66B | €20,663 | €15,768 | €15,399 | €8,007 | €18,971 | ▲ 137% |
| Recurring financial charges65 | €20,663 | €15,768 | €15,399 | €8,007 | €18,971 | ▲ 137% |
| Profit (loss) for the period before taxes9903 | €247,258 | €212,401 | €48,486 | €7,452 | €185,616 | ▲ 2,391% |
| Income taxes67/77 | €59,797 | €54,537 | €11,247 | €2,150 | €25,020 | ▲ 1,064% |
| Profit (loss) for the period9904 | €187,461 | €157,863 | €37,239 | €5,301 | €160,597 | ▲ 2,929% |
| Profit (loss) for the period to be appropriated9905 | €187,461 | €157,863 | €37,239 | €5,301 | €160,597 | ▲ 2,929% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €966,817 | €955,899 | €857,175 | €989,503 | ▲ 15.4% |
| Fixed assets21/28 | €61,324 | €45,534 | €35,941 | €77,372 | €111,713 | ▲ 44.4% |
| Intangible fixed assets21 | - | - | - | €18,695 | €21,191 | ▲ 13.4% |
| Tangible fixed assets22/27 | €60,990 | €45,199 | €35,606 | €58,343 | €81,187 | ▲ 39.2% |
| Plant, machinery and equipment23 | €246 | €0 | €4,403 | €7,859 | €7,049 | ▼ 10.3% |
| Furniture and vehicles24 | €27,657 | €23,574 | €18,643 | €13,819 | €4,833 | ▼ 65.0% |
| Leasing and similar rights25 | €21,570 | €14,380 | €9,588 | €34,732 | €59,603 | ▲ 71.6% |
| Other tangible fixed assets26 | €11,517 | €7,244 | €2,972 | €1,933 | €9,702 | ▲ 402% |
| Financial fixed assets28 | €335 | €335 | €335 | €335 | €9,335 | ▲ 2,689% |
| Current assets29/58 | €1.2m | €921,284 | €919,959 | €779,803 | €877,791 | ▲ 12.6% |
| Stocks and contracts in progress3 | €193,285 | €247,328 | €202,224 | €283,533 | €268,223 | ▼ 5.4% |
| Stocks30/36 | €118,840 | €169,761 | €201,594 | €283,533 | €268,223 | ▼ 5.4% |
| Contracts in progress37 | €74,445 | €77,567 | €630 | €0 | - | - |
| Amounts receivable within one year40/41 | €298,491 | €438,632 | €366,304 | €327,833 | €423,185 | ▲ 29.1% |
| Trade receivables40 | €292,529 | €437,026 | €366,304 | €290,329 | €346,311 | ▲ 19.3% |
| Other amounts receivable41 | €5,961 | €1,606 | €0 | €37,504 | €76,874 | ▲ 105% |
| Cash at bank and in hand54/58 | €666,361 | €229,663 | €328,123 | €154,803 | €172,523 | ▲ 11.4% |
| Deferred charges and accrued income490/1 | €7,644 | €5,660 | €23,307 | €13,634 | €13,860 | ▲ 1.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €966,817 | €955,899 | €857,175 | €989,503 | ▲ 15.4% |
| Equity10/15 | €589,137 | €607,000 | €594,239 | €599,541 | €552,137 | ▼ 7.9% |
| Contributions10/11 | €256,000 | €256,000 | €256,000 | €256,000 | €256,000 | = |
| Capital10 | €256,000 | €256,000 | €256,000 | €256,000 | €256,000 | = |
| Issued capital100 | €256,000 | €256,000 | €256,000 | €256,000 | €256,000 | = |
| Reserves13 | €333,137 | €351,000 | €338,239 | €343,541 | €296,137 | ▼ 13.8% |
| Non-distributable reserves130/1 | €25,600 | €25,600 | €25,600 | €25,600 | €25,600 | = |
| Legal reserve130 | €25,600 | €25,600 | €25,600 | €25,600 | €25,600 | = |
| Distributable reserves133 | €307,537 | €325,400 | €312,639 | €317,941 | €270,537 | ▼ 14.9% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €637,967 | €359,817 | €361,660 | €257,635 | €437,366 | ▲ 69.8% |
| Amounts payable after more than one year17 | - | - | - | €25,520 | €44,222 | ▲ 73.3% |
| Financial debts170/4 | - | - | - | €25,520 | €44,222 | ▲ 73.3% |
| Amounts payable within one year42/48 | €637,967 | €359,817 | €360,460 | €231,885 | €393,143 | ▲ 69.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,026 | €14,695 | ▲ 109% |
| Financial debts43 | - | - | €20 | €82 | €141 | ▲ 71.4% |
| Credit institutions430/8 | - | - | €20 | €82 | €141 | ▲ 71.4% |
| Trade debts44 | €115,005 | €149,952 | €175,145 | €104,351 | €205,806 | ▲ 97.2% |
| Suppliers440/4 | €115,005 | €149,952 | €175,145 | €104,351 | €205,806 | ▲ 97.2% |
| Advances received on contracts in progress46 | €56,553 | €21,756 | €75,197 | €62,930 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €35,239 | €47,473 | €59,339 | €56,337 | €84,501 | ▲ 50.0% |
| Taxes450/3 | €9 | €13,213 | €15,566 | €12,346 | €38,972 | ▲ 216% |
| Remuneration and social security454/9 | €35,230 | €34,260 | €43,773 | €43,991 | €45,529 | ▲ 3.5% |
| Other amounts payable47/48 | €431,171 | €140,636 | €50,759 | €1,159 | €88,000 | ▲ 7,495% |
| Accrued charges and deferred income492/3 | - | - | €1,200 | €230 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €187,461 | €157,863 | €37,239 | €5,301 | €160,597 | ▲ 2,929% |
| + Depreciation and write-downs630 | €15,016 | €18,333 | €19,247 | €23,288 | €24,802 | ▲ 6.5% |
| Operating cash flow (approximation) | €202,476 | €176,196 | €56,486 | €28,590 | €185,399 | ▲ 548% |
| Investment in fixed assets (approximation) | - | -€2,542 | -€9,654 | -€64,720 | -€59,142 | ▲ 8.6% |
| Change in cash | - | -€436,698 | €98,461 | -€173,320 | €17,719 | ▲ 110% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €5,301 ▼85.8%
Net result drops to €5,301, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €187,461 ▲63.6%
Net result €187,461, the highest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Evergem · 1 establishment unit since 1993
Ground area
2,725 m²
Building footprint
1,550 m²
Parcel 43006A0932/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
PRONOR NV
since 19932.064.780.107
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43006A0932/00D000 | Flanders | 2,725 m² | 1 · 1,550 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerOwners 1
- 4FFparentSourceaccounts 4FF 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 1,253 EUR awarded · 2,453 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 627 EUR | 1,827 EUR |
| 2023 | 1 | 464 EUR | 464 EUR |
| 2022 | 1 | 162 EUR | 162 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
699400KE62RFPQ5TUU22
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Of 1,123 companies in sector 43212 we hold annual accounts for 421. 245 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-12-1993
Fiscal year end31-12
Activities, NACEBEL 2025
43212Electrical installation work in industrial facilities
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451390290
Also
9925:BE0451390290
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.