Prax Belgium Holdings
ActiveThe computed 12-month bankruptcy probability of Prax Belgium Holdings is 9.0% (elevated). The 2025 annual accounts show negative equity (€-151k) and a net result of €-201k. Equity is shrinking by ~30.3% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency34▲+8
Growth55=
Stability100
Bankruptcy probability, 12 months
9.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.51 against 0.77 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-105.9%
Return on assets
-141.1%
Age of the figures
18 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
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€151k
raises risk · Filed more than 90 days late
The financial year that closed on 28-02-2025 was due by 30-09-2025 and was filed on 25-06-2026, 268 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
268 d late
2024
633 d late
2023
999 d late
2022
493 d late
2021
494 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, full schema
Turnover
€25k▲ 317%
2022 · €6k
2021: €6k
2022: €6k
2021 → 2023
EBIT margin
68.3%▲ 34.7pp
2022 · 33.6%
2021: 24.4%
2022: 33.6%
2021 → 2023
Net result
€-201k▼ 482%
2024 · €-35k
2021: €1k
2022: €-11k
2023: €-6k
2024: €-35k
2021 → 2025
Working capital
€-138k▼ 275%
2024 · €-37k
2021: €3k
2022: €-5k
2023: €-11k
2024: €-37k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€6k-€6k=€25k▲ 317%
Equity€101k-€90k▼ 10.9%€85k▼ 6.2%€50k▼ 40.8%€-151k
Operating result€1k-€2k▲ 37.7%€17k▲ 746%€-21k€-8k▲ 62.8%
Net result€1k-€-11k€-6k▲ 48.7%€-35k▼ 513%€-201k▼ 482%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2025 against €21k in 2024; the loss shrinks.
Key figures and ratios
Solvency
-105.9%▼
2024 · 22.6%
Current ratio
0.51▼
2024 · 0.77
Quick ratio
0.51▼
2024 · 0.77
Debt / equity
-1.94▼
2024 · 3.43
ROE
133.2%▲
2024 · -69.0%
ROA
-141.1%▼
2024 · -15.6%
Debt
€294k▲
2024 · €172k
Debt ≤ 1 year
€280k▲
2024 · €159k
Income taxes
€-8k▼
2024 · €12k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€222k€143k▼
Fixed assets21/28€100k€0▼
Financial fixed assets28€100k€0▼
Affiliated companies280/1€100k€0▼
Participating interests280€100k€0▼
Current assets29/58€122k€143k▲
Amounts receivable within one year40/41€118k€117k▼
Other amounts receivable41€118k€117k▼
Cash at bank and in hand54/58€5k€25k▲
Equity and liabilities
Total equity and liabilities10/49€222k€143k▼
Equity10/15€50k€-151k▼
Contributions10/11€100k€100k=
Profit (loss) carried forward14€-50k€-251k▼
Amounts payable17/49€172k€294k▲
Amounts payable within one year42/48€159k€280k▲
Financial debts43€100k€220k▲
Other loans439€100k€220k▲
Trade debts44€250€2k▲
Suppliers440/4€250€2k▲
Taxes, remuneration and social security45€59k€59k=
Taxes450/3€59k€59k=
Accrued charges and deferred income492/3€13k€13k=
Income statement
Code20242025
Operating income70/76A€359-
Other operating income74€359-
Operating charges60/66A€21k€8k▼
Services and other goods61€18k€7k▼
Other operating charges640/8€3k€743▼
Operating profit (loss)9901€-21k€-8k▲
Financial charges65/66B€1k€201k▲
Recurring financial charges65€1k€1k▲
Debt charges650€829€1k▲
Other financial charges652/9€426-
Non-recurring financial charges66B-€200k
Profit (loss) for the period before taxes9903€-22k€-209k▼
Income taxes67/77€12k€-8k▼
Taxes670/3€12k-
Tax adjustments and reversals of tax provisions77-€8k
Profit (loss) for the period9904€-35k€-201k▼
Profit (loss) for the period to be appropriated9905€-35k€-201k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-50k€-251k▼
Profit (loss) brought forward from the previous period14P€-15k€-50k▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
25-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 268 days late
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 633 days late
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 999 days late
27-03
State Gazette act
Resignations & appointmentsShareholder resolution · Auditor appointment · Auditor representative4 facts ▸
State Gazette act
Resignations & appointments
Shareholder resolution · Auditor appointment · Auditor representative4 facts ▸
- Shareholder resolution, 14 janvier 2026
- Auditor appointment, Grant Thornton Réviseurs d'Entreprises SRL (commissaire)
- Auditor representative, Danny De Jonge
- Power of attorney, Stibbe BV
2025
28-02
Financial
Weakest financial yearnet €-201k
Net result drops to €-201k, the lowest in the series.
2024
05-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 493 days late
2023
06-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 494 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
24-07-2025
Winston Sanjeevkumar Soosaipillai: Resigned as Director
15-06-2022
BORNEO Don Camillo Emilio: Resigned as Director
Location & real-estate footprint
Registered office, Vorst · 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.
Van Volxemlaan 302-3041190 VorstGround area
8,107 m²
Building footprint
2,462 m²
Volume, LiDAR
33,393 m³
2 parcels, Brussels, Flanders · tallest building 21.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Prax Belgium Holdings
since 20192.295.718.103
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0063/00S009 | Brussels | 5,009 m² | 1 · 1,300 m² | 21.3 m · 4 fl. |
| 11008B0231/00G002 | Flanders | 3,097 m² | 1 · 1,162 m² | 17.6 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| Grant Thornton Réviseurs d'Entreprises SRLCurrent Commissaire | 27-03-2026 → present |
Structure & network
Connections & network
6 connected companiesNetwork connections
Shared address
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Shared address
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Shared address
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Shared address
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Show 2 more network connections
Shared address
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Shared address
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Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-10-2019
Fiscal year end28-02
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.