PRAX SHIPPING I
ActiveThe computed 12-month bankruptcy probability of PRAX SHIPPING I is 4.0% (moderate). The 2025 annual accounts show negative equity (€-1.99M) and a net result of €-828k. Equity is shrinking by ~55.8% per year across the filed fiscal years. Its solvency ranks better than 8% of 7912 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
17
/ 100
Critical▲ +2 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▼-3
Solvency33=
Growth22=
Stability94
Bankruptcy probability, 12 months
4.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.32 against 0.3 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 · 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 · 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
-29.8%
Return on assets
-12.4%
Age of the figures
18 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
22232425
2022 to 2025 · latest year -€2M
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 05-06-2026, 248 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 · 4 filingsDeviation from the deadline
2025
248 d late
2024
613 d late
2023
979 d late
2022
244 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, abbreviated schema
Turnover
€3.41M▲ 6.8%
2024 · €3.20M
2023: €4.25M
2024: €3.20M
2023 → 2025
EBIT margin
-15.7%▲ 6.6pp
2024 · -22.3%
2023: -0.9%
2024: -22.3%
2023 → 2025
Net result
€-828k▲ 3.9%
2024 · €-862k
2022: €-277k
2023: €-519k
2024: €-862k
2022 → 2025
Working capital
€-5.60M▲ 8.4%
2024 · €-6.11M
2022: €-4.73M
2023: €-6.81M
2024: €-6.11M
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€4.25M€3.20M▼ 24.8%€3.41M▲ 6.8%
Equity€-276k-€-795k▼ 188%€-1.16M▼ 45.5%€-1.99M▼ 71.6%
Operating result€-246k-€-39k▲ 84.3%€-714k▼ 1,746%€-536k▲ 25.0%
Net result€-277k-€-519k▼ 87.1%€-862k▼ 66.1%€-828k▲ 3.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €536k in 2025 against €714k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.66M
Fixed assets
€4.05M▼ 19.0%
Current assets
€2.60M▼ 1.4%
Key figures and ratios
EBITDA
€299k▼
2024 · €337k
Cash flow
€6k▼
2024 · €189k
Solvency
-29.8%▼
2024 · -15.2%
Current ratio
0.32▲
2024 · 0.30
Quick ratio
0.32▲
2024 · 0.30
Debt / equity
-4.35▲
2024 · -7.60
ROE
41.7%▼
2024 · 74.5%
ROA
-12.4%▼
2024 · -11.3%
Interest coverage
0.61▼
2024 · 0.92
Debt
€8.64M▼
2024 · €8.80M
Debt ≤ 1 year
€8.20M▼
2024 · €8.75M
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€7.64M€6.66M▼
Fixed assets21/28€5.00M€4.05M▼
Tangible fixed assets22/27€5.00M€4.05M▼
Plant, machinery and equipment23-€161k
Other tangible fixed assets26€5.00M€3.89M▼
Current assets29/58€2.64M€2.60M▼
Amounts receivable within one year40/41€2.02M€1.40M▼
Other amounts receivable41€2.02M€1.40M▼
Cash at bank and in hand54/58€618k€1.20M▲
Equity and liabilities
Total equity and liabilities10/49€7.64M€6.66M▼
Equity10/15€-1.16M€-1.99M▼
Contributions10/11€501k€501k=
Profit (loss) carried forward14€-1.66M€-2.49M▼
Amounts payable17/49€8.80M€8.64M▼
Amounts payable within one year42/48€8.75M€8.20M▼
Financial debts43€7.61M€7.27M▼
Credit institutions430/8€2.22M€2.02M▼
Other loans439€5.39M€5.25M▼
Trade debts44€283k€92k▼
Suppliers440/4€283k€92k▼
Taxes, remuneration and social security45€853k€842k▼
Taxes450/3€853k€842k▼
Accrued charges and deferred income492/3€51k€442k▲
Income statement
Code20242025
Turnover70€3.20M€3.41M▲
Goods, raw materials, services and sundry goods60/61€2.86M€2.80M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.05M€835k▼
Other operating charges640/8€609€21k▲
Non-recurring operating charges66A-€289k
Gross operating margin9900€338k€609k▲
Operating profit (loss)9901€-714k€-536k▲
Financial income75/76B€308k€198k▼
Recurring financial income75€308k€198k▼
Financial charges65/66B€367k€491k▲
Recurring financial charges65€367k€491k▲
Profit (loss) for the period before taxes9903€-773k€-828k▼
Income taxes67/77€89k-
Profit (loss) for the period9904€-862k€-828k▲
Profit (loss) for the period to be appropriated9905€-862k€-828k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.66M€-2.49M▼
Profit (loss) brought forward from the previous period14P€-796k€-1.66M▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 248 days late
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 613 days late
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 979 days late
27-03
State Gazette act
Resignations & appointmentsWritten resolution · Auditor appointment · Auditor representative4 facts ▸
State Gazette act
Resignations & appointments
Written resolution · Auditor appointment · Auditor representative4 facts ▸
- Written resolution, 12/01/2026
- Auditor appointment, Grant Thornton Réviseurs d'Entreprises SRL (commissaire)
- Auditor representative, Danny De Jonge
- Power of attorney, Stibbe BV
2024
29-02
Financial
Weakest financial yearnet €-862k
Net result drops to €-862k, the lowest in the series; recovery starts the following year.
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 244 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 2022
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 SHIPPING I
since 20222.327.768.683
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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Similar companies · same sector and region
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BE 0425.163.965
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BE 0720.964.871
Brussel
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 536 companies in sector 46120 we hold annual accounts for 302.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-11-2021
Fiscal year end28-02
Activities, NACEBEL
46120Wholesale trade
46810Wholesale of solid, liquid and gaseous fuels and related products
47300Retail sale of automotive fuel
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
52220Warehousing and support activities for transportation
52250Logistics services
52290Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.