Equity
€64,953 from €226,580 in 2017
Equity fell by 71% in 8 years.
PRAGMA AUDIT
Lifetime
10 annual accounts with figures on one time axispeak €159,312 (2016)
€128,937▼ 6.2%
peak €94,461 (2024)
€87,632▼ 7.2%
peak €226,580 (2017)
€64,953▼ 0.6%
€294,906▼ 19.0%
peak 1 FTE (2016)
-not published
Board5 names since 2021
4 directorsBALCAEN Steve and 3 others
Documentsfilings and deeds
28-01-20263 days before the deadline
2025micro format
Dividend €88,000Debts from €364,120 to €294,906
Key points
from the 2025 annual accountsChecked score
92
Excellent
Financially stronger than 39% of micro companies in legal and accounting (NACE 69)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 20,101 companies (NACE 69, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024highest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025lowest value
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Sector: Legal and accounting activities (NACE 69)
Size: total assets €359,859
Liquidity: current ratio 1.16, cash €168,080
Figures for financial year 2025 (filed on 28-01-2026)
Calculation
The band follows from the bankruptcy probability. 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 69, micro). It does better than 21% of them on solvency, 39% on liquidity, 63% on profitability and 32% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as PRAGMA AUDIT has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PRAGMA AUDIT itself is lower: < 0.1% within 12 months. It rests on far more data about PRAGMA AUDIT than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,053 companies, not a prediction for PRAGMA AUDIT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.16 (1.12 in 2024), below the usual 1.5. Short-term debt is 81.7% and cash 46.7% of total assets. 82% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 15820 sector peers (2025).
NBB · sector comparisonPosition among 15820 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 days early
2024
7 days early
2023
17 days early
2022
92 days early
2021
on the day
2020
1 day early
2019
7 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 18 days before the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 24 January (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end07-11-2026 today31-01-2027 deadline
Board and ownership
BS
BALCAEN Steve
Director
CF
CRISI Fabio
Director
DR
DE RIDDER Michaël
Director
FO
FREZIN Olivier
Director
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0628896134
Resignation: José Poulain (director)
Gazette deed
First establishment
Chaussée de Nivelles 400, Pont-à-Celles
Incorporation
published on 29-04-2015 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PRAGMA AUDIT Pont-à-Celles | €359,859 | €128,937 | 18.0% | - |
| SOPHIE HENRY CONSULTING Gerpinnes | €341,302 | €89,648 | 80.6% | - |
| MANPAR Aalst | €299,218 | €104,517 | 34.2% | - |
| FINANCIAL LINK INVEST Overijse | €321,395 | €87,758 | 65.5% | - |
| Boekhoudkantoor Rolie Ghent | €507,491 | €123,566 | 83.2% | - |
| TRiE Dilbeek | €457,439 | €117,047 | 74.1% | - |
| DG CONSULTING & PROJECT MANAGEMENT Bornem | €452,848 | €86,920 | 37.6% | - |
These companies have the same main activity as PRAGMA AUDIT: other tax advisory services (NACE 69209). They are comparable in size and age: total assets between €299,000 and €507,000, founded between 2010 and 2018.
Official details
Source: KBO- Status
- Active since 27-04-2015Normal situation
- Activity
- Other tax advisory servicesNACE 69209
- Establishment unit
- 2.248.785.9396238 Pont-à-Celles, since 02-11-2015
- Financial year end
- 30 June
- Peppol
- Reachable since 24-10-2025
Annual accounts to 30-06-2025
- ≈ €240,000estimated
- €359,859▼ 16.2%
- Filing
- Filed on 28-01-2026, 3 days before the end of the filing period
Insights on PRAGMA AUDIT
PRAGMA AUDIT files the micro format. That format states no turnover. The gross margin fell from €159,312 in 2016 to €128,937 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PRAGMA AUDIT
- What is the company number of PRAGMA AUDIT?
- The company number of PRAGMA AUDIT is 0628.896.134. The VAT number is the same number with BE in front: BE 0628.896.134.
- Where is PRAGMA AUDIT based?
- The registered office is at Chaussée de Nivelles 400, 6238 Pont-à-Celles.Company details
- What does PRAGMA AUDIT do?
- According to the KBO register, the main activity is other tax advisory services (NACE 69209).
- What is the legal form of PRAGMA AUDIT?
- PRAGMA AUDIT is a private limited company (pre-2019) (BVBA).
- When was PRAGMA AUDIT founded?
- PRAGMA AUDIT was founded on 27-04-2015.
- Is PRAGMA AUDIT still active?
- Yes, PRAGMA AUDIT is an active enterprise in the KBO register.
- What is the turnover of PRAGMA AUDIT?
- The turnover in financial year 2025 is ≈ €240,000. This figure is estimated from the gross margin of €128,937 and 51 comparable companies (NACE 692). It probably lies between €180,000 and €290,000.Financials
- Is PRAGMA AUDIT profitable?
- In financial year 2025, PRAGMA AUDIT made a profit of €87,632.
- Where can I find the annual accounts of PRAGMA AUDIT?
- PRAGMA AUDIT filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PRAGMA AUDIT due?
- PRAGMA AUDIT must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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