PRQ
ActiveSummary
PRQ has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47.52M and a net result of €-369k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 78% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability21▼-1
Solvency94▲+81
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 2.47 against 0.02 in 2024; short-term debt: 30.4% and cash: 0% of total assets), and 30.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
69.5%
Return on assets
-0.5%
Age of the figures
9 mo
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
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 28-07-2026, 3 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
3 d early
2024
8 d late
2023
28 d early
2022
on the day
2021
2 d early
2020
31 d early
2019
125 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€47.52M
2024 · €-2.11M
2019: €6k
2020: €-24k▼ -493% vs 2019
2021: €-30k▼ -25.5% vs 2020
2022: €-30k▼ -1.9% vs 2021
2023: €-1.57M▼ -5085% vs 2022
2024: €-2.11M▼ -34.6% vs 2023lowest in 7 years
2025: €47.52M▲ +2353% vs 2024highest in 7 years
2019 → 2025
Total assets
€68.40M▲ 287%
2024 · €17.67M
2019: €515klowest in 7 years
2020: €815k▲ +58.2% vs 2019
2021: €902k▲ +10.7% vs 2020
2022: €956k▲ +6.0% vs 2021
2023: €14.24M▲ +1389% vs 2022
2024: €17.67M▲ +24.1% vs 2023
2025: €68.40M▲ +287% vs 2024highest in 7 years
2019 → 2025
Net result
€-369k▲ 32.0%
2024 · €-542k
2019: €-13k
2020: €-30k▼ -136% vs 2019
2021: €-6k▲ +79.6% vs 2020
2022: €-564▲ +90.7% vs 2021highest in 7 years
2023: €-1.54M▼ -272576% vs 2022lowest in 7 years
2024: €-542k▲ +64.7% vs 2023
2025: €-369k▲ +32.0% vs 2024
2019 → 2025
Working capital
€30.58M
2024 · €-19.17M
2019: €-463k
2020: €-771k▼ -66.7% vs 2019
2021: €-766k▲ +0.7% vs 2020
2022: €-755k▲ +1.4% vs 2021
2023: €-15.33M▼ -1929% vs 2022
2024: €-19.17M▼ -25.0% vs 2023lowest in 7 years
2025: €30.58M▲ +260% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-30k-€-30k▼ 1.9%€-1.57M▼ 5,085%€-2.11M▼ 34.6%€47.52M
2021: €-30k
2022: €-30k▼ -1.9% vs 2021
2023: €-1.57M▼ -5085% vs 2022
2024: €-2.11M▼ -34.6% vs 2023lowest in 5 years
2025: €47.52M▲ +2353% vs 2024highest in 5 years
Operating result€11k-€11k▲ 4.0%€-1.12M€204k€326k▲ 59.8%
2021: €11k
2022: €11k▲ +4.0% vs 2021
2023: €-1.12M▼ -10390% vs 2022lowest in 5 years
2024: €204k▲ +118% vs 2023
2025: €326k▲ +59.8% vs 2024highest in 5 years
Net result€-6k-€-564▲ 90.7%€-1.54M▼ 272,576%€-542k▲ 64.7%€-369k▲ 32.0%
2021: €-6k
2022: €-564▲ +90.7% vs 2021highest in 5 years
2023: €-1.54M▼ -272576% vs 2022lowest in 5 years
2024: €-542k▲ +64.7% vs 2023
2025: €-369k▲ +32.0% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 60% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €68.40M
Fixed assets
€17.02M ▼ 1.0%
Current assets
€51.38M ▲ 10,415%
Equity and liabilities €68.40M
Equity
€47.52M
Debt
€20.88M
Debt finances 30.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€489k▼
2024 · €640k
Cash flow
€-205k▼
2024 · €-106k
Current ratio
2.47▲
2024 · 0.02
Debt to equity
0.44▲
2024 · -9.38
ROE
-0.8%
ROA
-0.5%▲
2024 · -3.1%
Interest coverage
0.32▼
2024 · 0.86
Debt ≤ 1 year
€20.80M▲
2024 · €19.65M
Debt > 1 year
€19k▼
2024 · €27k
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 · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€17.67M€68.40M▲
Fixed assets21/28€17.19M€17.02M▼
Tangible fixed assets22/27€12.38M€12.22M▼
Land and buildings22€12.38M€12.22M▼
Financial fixed assets28€4.81M€4.81M=
Current assets29/58€489k€51.38M▲
Amounts receivable after more than one year29-€50.84M
Other amounts receivable291-€50.84M
Amounts receivable within one year40/41€467k€525k▲
Trade receivables40€458k€518k▲
Other amounts receivable41€9k€8k▼
Cash at bank and in hand54/58€19k€4k▼
Deferred charges and accrued income490/1€3k€12k▲
Equity and liabilities
Total equity and liabilities10/49€17.67M€68.40M▲
Equity10/15€-2.11M€47.52M▲
Contributions10/11€19k€50.02M▲
Profit (loss) carried forward14€-2.13M€-2.50M▼
Amounts payable17/49€19.78M€20.88M▲
Amounts payable after more than one year17€27k€19k▼
Other amounts payable178/9€27k€19k▼
Amounts payable within one year42/48€19.65M€20.80M▲
Financial debts43-€6.30M
Credit institutions430/8-€52k
Other loans439-€6.25M
Trade debts44€40k€46k▲
Suppliers440/4€40k€46k▲
Taxes, remuneration and social security45€29k€61k▲
Taxes450/3€29k€61k▲
Other amounts payable47/48€19.58M€14.39M▼
Accrued charges and deferred income492/3€104k€63k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€436k€164k▼
Other operating charges640/8€64k€66k▲
Gross operating margin9900€704k€556k▼
Operating profit (loss)9901€204k€326k▲
Financial income75/76B-€838k
Recurring financial income75-€838k
Financial charges65/66B€746k€1.53M▲
Recurring financial charges65€746k€1.53M▲
Profit (loss) for the period before taxes9903€-542k€-369k▲
Profit (loss) for the period9904€-542k€-369k▲
Profit (loss) for the period to be appropriated9905€-542k€-369k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.13M€-2.50M▼
Profit (loss) brought forward from the previous period14P€-1.59M€-2.13M▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €11k | €1.30M | €436k | €164k | ▼ 62.4% |
| Other operating charges640/8 | €2k | €2k | €38k | €64k | €66k | ▲ 2.9% |
| Gross operating margin9900 | €24k | €25k | €216k | €704k | €556k | ▼ 21.1% |
| Operating profit (loss)9901 | €11k | €11k | €-1.12M | €204k | €326k | ▲ 59.8% |
| Financial income75/76B | - | - | - | - | €838k | - |
| Recurring financial income75 | - | - | - | - | €838k | - |
| Financial charges65/66B | €17k | €11k | €412k | €746k | €1.53M | ▲ 105% |
| Recurring financial charges65 | €17k | €11k | €412k | €746k | €1.53M | ▲ 105% |
| Profit (loss) for the period before taxes9903 | €-6k | €-564 | €-1.54M | €-542k | €-369k | ▲ 32.0% |
| Profit (loss) for the period9904 | €-6k | €-564 | €-1.54M | €-542k | €-369k | ▲ 32.0% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €-564 | €-1.54M | €-542k | €-369k | ▲ 32.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €902k | €956k | €14.24M | €17.67M | €68.40M | ▲ 287% |
| Formation expenses20 | €901 | €381 | - | - | - | - |
| Fixed assets21/28 | €736k | €725k | €13.92M | €17.19M | €17.02M | ▼ 1.0% |
| Tangible fixed assets22/27 | €736k | €725k | €10.34M | €12.38M | €12.22M | ▼ 1.3% |
| Land and buildings22 | €736k | €725k | €10.34M | €12.38M | €12.22M | ▼ 1.3% |
| Financial fixed assets28 | - | - | €3.58M | €4.81M | €4.81M | = |
| Current assets29/58 | €165k | €231k | €319k | €489k | €51.38M | ▲ 10,415% |
| Amounts receivable after more than one year29 | - | - | - | - | €50.84M | - |
| Other amounts receivable291 | - | - | - | - | €50.84M | - |
| Amounts receivable within one year40/41 | €56k | €60k | €214k | €467k | €525k | ▲ 12.4% |
| Trade receivables40 | €50k | €56k | €207k | €458k | €518k | ▲ 13.0% |
| Other amounts receivable41 | €5k | €4k | €8k | €9k | €8k | ▼ 17.6% |
| Cash at bank and in hand54/58 | €44k | €45k | €92k | €19k | €4k | ▼ 76.5% |
| Deferred charges and accrued income490/1 | €65k | €126k | €12k | €3k | €12k | ▲ 339% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €902k | €956k | €14.24M | €17.67M | €68.40M | ▲ 287% |
| Equity10/15 | €-30k | €-30k | €-1.57M | €-2.11M | €47.52M | ▲ 2,353% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €50.02M | ▲ 269,542% |
| Profit (loss) carried forward14 | €-48k | €-49k | €-1.59M | €-2.13M | €-2.50M | ▼ 17.3% |
| Amounts payable17/49 | €932k | €986k | €15.81M | €19.78M | €20.88M | ▲ 5.5% |
| Amounts payable after more than one year17 | - | - | €28k | €27k | €19k | ▼ 28.3% |
| Other amounts payable178/9 | - | - | €28k | €27k | €19k | ▼ 28.3% |
| Amounts payable within one year42/48 | €932k | €986k | €15.65M | €19.65M | €20.80M | ▲ 5.8% |
| Financial debts43 | - | - | €10.00M | - | €6.30M | - |
| Credit institutions430/8 | - | - | €10.00M | - | €52k | - |
| Other loans439 | - | - | - | - | €6.25M | - |
| Trade debts44 | €21k | €6k | €91k | €40k | €46k | ▲ 13.2% |
| Suppliers440/4 | €21k | €6k | €91k | €40k | €46k | ▲ 13.2% |
| Taxes, remuneration and social security45 | - | - | €26k | €29k | €61k | ▲ 110% |
| Taxes450/3 | - | - | €26k | €29k | €61k | ▲ 110% |
| Other amounts payable47/48 | €911k | €980k | €5.53M | €19.58M | €14.39M | ▼ 26.5% |
| Accrued charges and deferred income492/3 | - | - | €129k | €104k | €63k | ▼ 39.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €-564 | €-1.54M | €-542k | €-369k | ▲ 32.0% |
| + Depreciation and write-downs630 | €11k | €11k | €1.30M | €436k | €164k | ▼ 62.4% |
| Operating cash flow (approximation) | €5k | €11k | €-235k | €-106k | €-205k | ▼ 92.4% |
| Investment in fixed assets (approximation) | - | €-519 | €-14.50M | €-3.70M | €0 | ▲ 100% |
| Change in cash | - | €701 | €47k | €-74k | €-14k | ▲ 80.8% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity times 99current ratio 2.47
Current ratio from 0.02 to 2.47.
31-12
Financial
Equity above €25MEq €47.52M
Equity rises from €-2.11M to €47.52M.
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 8 days late
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-1.54M
Net result drops to €-1.54M, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 125 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Antwerpen · 1 establishment unit since 2018
Ground area
9,650 m²
Parcel 11807G2433/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
PRQ
since 20182.275.862.795
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G2433/00A000 | Flanders | 9,649 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.
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,384. 352 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.