P.R.E. CONSTRUCT
ActiveSummary
P.R.E. CONSTRUCT has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €86k and a net result of €-6k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 27% of 2095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability65▼-35
Solvency44▼-13
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.47 in 2023; short-term debt: 74.8% and cash: 34.2% of total assets), and 80.7% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
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 2024Solvency, return and age of the figures
Solvency
19.3%
Return on assets
-1.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
22 d late
2022
31 d late
2021
92 d late
2020
60 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€86k▼ 80.0%
2023 · €432k
2018: €411k
2019: €411k● +0.0% vs 2018
2020: €413k▲ +0.5% vs 2019
2021: €426k▲ +2.9% vs 2020
2022: €382k▼ -10.3% vs 2021
2023: €432k▲ +13.2% vs 2022highest in 7 years
2024: €86k▼ -80.0% vs 2023lowest in 7 years
2018 → 2024
Total assets
€447k▼ 67.3%
2023 · €1.37M
2018: €827k
2019: €717k▼ -13.3% vs 2018
2020: €620k▼ -13.6% vs 2019
2021: €823k▲ +32.8% vs 2020
2022: €648k▼ -21.2% vs 2021
2023: €1.37M▲ +111% vs 2022highest in 7 years
2024: €447k▼ -67.3% vs 2023lowest in 7 years
2018 → 2024
Net result
€-6k
2023 · €820k
2018: €-941
2019: €106▲ +111% vs 2018
2020: €2k▲ +1995% vs 2019
2021: €102k▲ +4516% vs 2020
2022: €-44k▼ -143% vs 2021lowest in 7 years
2023: €820k▲ +1971% vs 2022highest in 7 years
2024: €-6k▼ -101% vs 2023
2018 → 2024
Working capital
€65k▼ 84.5%
2023 · €418k
2018: €201k
2019: €162k▼ -19.3% vs 2018
2020: €133k▼ -18.3% vs 2019
2021: €102k▼ -23.4% vs 2020
2022: €45k▼ -55.7% vs 2021lowest in 7 years
2023: €418k▲ +828% vs 2022highest in 7 years
2024: €65k▼ -84.5% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€413k-€426k▲ 2.9%€382k▼ 10.3%€432k▲ 13.2%€86k▼ 80.0%
2020: €413k
2021: €426k▲ +2.9% vs 2020
2022: €382k▼ -10.3% vs 2021
2023: €432k▲ +13.2% vs 2022highest in 5 years
2024: €86k▼ -80.0% vs 2023lowest in 5 years
Operating result€10k-€117k▲ 1,037%€-39k€830k€-4k
2020: €10k
2021: €117k▲ +1037% vs 2020
2022: €-39k▼ -133% vs 2021lowest in 5 years
2023: €830k▲ +2243% vs 2022highest in 5 years
2024: €-4k▼ -101% vs 2023
Net result€2k-€102k▲ 4,516%€-44k€820k€-6k
2020: €2k
2021: €102k▲ +4516% vs 2020
2022: €-44k▼ -143% vs 2021lowest in 5 years
2023: €820k▲ +1971% vs 2022highest in 5 years
2024: €-6k▼ -101% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €4k after €830k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €447k
Fixed assets
€48k ▼ 24.3%
Current assets
€399k ▼ 69.4%
Equity and liabilities €447k
Equity
€86k ▼ 80.0%
Debt
€361k ▼ 61.4%
Debt's share of the balance-sheet total rises from 68.4% to 80.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€19k▼
2023 · €858k
Cash flow
€17k▼
2023 · €848k
Current ratio
1.19▼
2023 · 1.47
Quick ratio
1.11▼
2023 · 1.41
Debt to equity
4.18▲
2023 · 2.17
ROE
-6.8%▼
2023 · 189.9%
ROA
-1.3%▼
2023 · 60.0%
Interest coverage
5.73▼
2023 · 239.93
Debt ≤ 1 year
€335k▼
2023 · €887k
Debt > 1 year
€26k▼
2023 · €48k
Income taxes
€169▼
2023 · €6k
Staff costs
€251k▲
2023 · €196k
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 · 2024 against 2023 · 55 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.37M€447k▼
Fixed assets21/28€64k€48k▼
Tangible fixed assets22/27€61k€46k▼
Plant, machinery and equipment23€6k€11k▲
Furniture and vehicles24€55k€34k▼
Financial fixed assets28€2k€2k=
Current assets29/58€1.30M€399k▼
Stocks and contracts in progress3€55k€27k▼
Contracts in progress37€55k€27k▼
Amounts receivable within one year40/41€136k€218k▲
Trade receivables40€96k€176k▲
Other amounts receivable41€41k€43k▲
Cash at bank and in hand54/58€1.11M€153k▼
Deferred charges and accrued income490/1€1k€583▼
Equity and liabilities
Total equity and liabilities10/49€1.37M€447k▼
Equity10/15€432k€86k▼
Contributions10/11€235k€19k▼
Reserves13€197k€74k▼
Distributable reserves133€197k€74k▼
Profit (loss) carried forward14-€-6k
Amounts payable17/49€936k€361k▼
Amounts payable after more than one year17€48k€26k▼
Financial debts170/4€48k€26k▼
Amounts payable within one year42/48€887k€335k▼
Current portion of amounts payable after more than one year42€23k€22k▼
Trade debts44€71k€51k▼
Suppliers440/4€71k€51k▼
Taxes, remuneration and social security45€23k€18k▼
Taxes450/3€6k-
Remuneration and social security454/9€17k€18k▲
Other amounts payable47/48€770k€244k▼
Accrued charges and deferred income492/3€888-
Income statement
Code20232024
Non-recurring operating income76A€864k-
Remuneration, social security and pensions62€196k€251k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€23k▼
Other operating charges640/8€13k€3k▼
Gross operating margin9900€1.07M€272k▼
Operating profit (loss)9901€830k€-4k▼
Financial income75/76B€230€2k▲
Recurring financial income75€230€2k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€827k€-6k▼
Income taxes67/77€6k€169▼
Profit (loss) for the period9904€820k€-6k▼
Profit (loss) for the period to be appropriated9905€820k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€776k€-6k▼
Profit (loss) brought forward from the previous period14P€-44k-
Transfer from equity791/2-€124k
Transfer to equity691/2€6k-
To other reserves6921€6k-
Profit to be distributed694/7€770k€124k▼
Return on contributions (dividend)694-€124k
Directors or managers695€770k-
Social balance
Average headcount (FTE)90872.34.9▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3k | - | €864k | - | - |
| Remuneration, social security and pensions62 | - | €255k | €233k | €196k | €251k | ▲ 27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37k | €38k | €39k | €28k | €23k | ▼ 15.9% |
| Other operating charges640/8 | - | €15k | €13k | €13k | €3k | ▼ 79.2% |
| Gross operating margin9900 | €291k | €425k | €246k | €1.07M | €272k | ▼ 74.5% |
| Operating profit (loss)9901 | €10k | €117k | €-39k | €830k | €-4k | ▼ 101% |
| Financial income75/76B | - | €209 | €12 | €230 | €2k | ▲ 785% |
| Recurring financial income75 | €3k | €209 | €12 | €230 | €2k | ▲ 785% |
| Financial charges65/66B | - | €8k | €5k | €4k | €3k | ▼ 8.1% |
| Recurring financial charges65 | €10k | €8k | €5k | €4k | €3k | ▼ 8.1% |
| Profit (loss) for the period before taxes9903 | €3k | €109k | €-44k | €827k | €-6k | ▼ 101% |
| Income taxes67/77 | €1k | €7k | - | €6k | €169 | ▼ 97.4% |
| Profit (loss) for the period9904 | €2k | €102k | €-44k | €820k | €-6k | ▼ 101% |
| Profit (loss) for the period to be appropriated9905 | €2k | €102k | €-44k | €820k | €-6k | ▼ 101% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €620k | €823k | €648k | €1.37M | €447k | ▼ 67.3% |
| Fixed assets21/28 | €382k | €403k | €365k | €64k | €48k | ▼ 24.3% |
| Tangible fixed assets22/27 | €379k | €401k | €363k | €61k | €46k | ▼ 25.2% |
| Land and buildings22 | - | €344k | €327k | - | - | - |
| Plant, machinery and equipment23 | - | €5k | €4k | €6k | €11k | ▲ 79.9% |
| Furniture and vehicles24 | - | €52k | €32k | €55k | €34k | ▼ 37.4% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €238k | €420k | €283k | €1.30M | €399k | ▼ 69.4% |
| Stocks and contracts in progress3 | €25k | €77k | €48k | €55k | €27k | ▼ 50.7% |
| Contracts in progress37 | - | €77k | €48k | €55k | €27k | ▼ 50.7% |
| Amounts receivable within one year40/41 | €177k | €241k | €143k | €136k | €218k | ▲ 60.1% |
| Trade receivables40 | - | €194k | €95k | €96k | €176k | ▲ 84.2% |
| Other amounts receivable41 | - | €46k | €48k | €41k | €43k | ▲ 3.9% |
| Cash at bank and in hand54/58 | €35k | €102k | €92k | €1.11M | €153k | ▼ 86.3% |
| Deferred charges and accrued income490/1 | - | €378 | €514 | €1k | €583 | ▼ 43.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €620k | €823k | €648k | €1.37M | €447k | ▼ 67.3% |
| Equity10/15 | €413k | €426k | €382k | €432k | €86k | ▼ 80.0% |
| Contributions10/11 | - | €235k | €235k | €235k | €19k | ▼ 92.1% |
| Reserves13 | €183k | €191k | €191k | €197k | €74k | ▼ 62.7% |
| Non-distributable reserves130/1 | - | €3k | €3k | - | - | - |
| Reserves not available under the articles1311 | - | €3k | €3k | - | - | - |
| Distributable reserves133 | - | €188k | €188k | €197k | €74k | ▼ 62.7% |
| Profit (loss) carried forward14 | €-4k | - | €-44k | - | €-6k | - |
| Amounts payable17/49 | €206k | €398k | €267k | €936k | €361k | ▼ 61.4% |
| Amounts payable after more than one year17 | €101k | €79k | €29k | €48k | €26k | ▼ 45.2% |
| Financial debts170/4 | - | €79k | €29k | €48k | €26k | ▼ 45.2% |
| Amounts payable within one year42/48 | €106k | €318k | €238k | €887k | €335k | ▼ 62.3% |
| Current portion of amounts payable after more than one year42 | - | €73k | €51k | €23k | €22k | ▼ 5.3% |
| Financial debts43 | - | €8k | - | - | - | - |
| Credit institutions430/8 | - | €8k | - | - | - | - |
| Trade debts44 | €28k | €133k | €64k | €71k | €51k | ▼ 28.0% |
| Suppliers440/4 | - | €133k | €64k | €71k | €51k | ▼ 28.0% |
| Taxes, remuneration and social security45 | - | €16k | €15k | €23k | €18k | ▼ 21.8% |
| Taxes450/3 | - | €1k | - | €6k | - | - |
| Remuneration and social security454/9 | - | €14k | €15k | €17k | €18k | ▲ 8.5% |
| Other amounts payable47/48 | - | €90k | €109k | €770k | €244k | ▼ 68.3% |
| Accrued charges and deferred income492/3 | - | - | - | €888 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €102k | €-44k | €820k | €-6k | ▼ 101% |
| + Depreciation and write-downs630 | €37k | €38k | €39k | €28k | €23k | ▼ 15.9% |
| Operating cash flow (approximation) | €39k | €140k | €-5k | €848k | €17k | ▼ 97.9% |
| Investment in fixed assets (approximation) | - | €-59k | €-1k | €274k | €-8k | ▼ 103% |
| Change in cash | - | €67k | €-10k | €1.02M | €-959k | ▼ 194% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
31-12
Financial
Back to profitnet €820k
Net result €820k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-44k
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 92 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 60 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Back to profitnet €106
Net result €106 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Zandhoven · 1 establishment unit since 2006
Ground area
1,558 m²
Building footprint
144 m²
Volume, LiDAR
1 m³
Parcel 11034B0326/00V002, Flanders · tallest building 0.5 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
-
since 20062.153.131.764
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11034B0326/00V002 | Flanders | 1,558 m² | 1 · 144 m² | 0.5 m |
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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BE 0754.793.523
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Of 2,451 companies in sector 41003 we hold annual accounts for 1,055. 738 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
Founded22-02-2006
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
Scores and ratios are computed by Checked and are not a credit decision.