PRADO EUROPE
ActiveSummary
PRADO EUROPE has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.73M and a net result of €802k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 8093 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▼-3
Solvency48▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity tight (current ratio 1.46 against 2.61 in 2023; short-term debt: 40.5% and cash: 8.5% of total assets), and 77.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
22.9%
Return on assets
10.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 8093 sector peers (2024).
NBB · sector comparisonPosition among 8093 sector peers
Solvency
better than 22%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €1.73M
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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
65 d late
2022
31 d late
2021
31 d late
2020
32 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.73M▲ 86.5%
2023 · €928k
2020: €20k
2021: €-123k
2022: €674
2023: €928k
2020 → 2024
Total assets
€7.54M▲ 8.8%
2023 · €6.93M
2020: €261k
2021: €2.24M
2022: €4.73M
2023: €6.93M
2020 → 2024
Net result
€802k▼ 13.5%
2023 · €927k
2020: €15k
2021: €-143k
2022: €124k
2023: €927k
2020 → 2024
Working capital
€1.39M▼ 51.5%
2023 · €2.87M
2020: €76k
2021: €1.82M
2022: €2.12M
2023: €2.87M
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€20k-€-123k€674€928k▲ 137,447%€1.73M▲ 86.5%
Operating result€17k-€-137k€149k€1.24M▲ 730%€1.18M▼ 4.8%
Net result€15k-€-143k€124k€927k▲ 649%€802k▼ 13.5%
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 falls in 2024; 2024 is 5% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.54M
Fixed assets
€3.10M ▲ 35.3%
Current assets
€4.44M ▼ 4.3%
Equity and liabilities €7.54M
Equity
€1.73M ▲ 86.5%
Debt
€5.81M ▼ 3.2%
Debt's share of the balance-sheet total falls from 86.6% to 77.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.46M▲
2023 · €1.36M
Cash flow
€1.08M▲
2023 · €1.05M
Current ratio
1.46▼
2023 · 2.61
Quick ratio
0.89▼
2023 · 1.93
Debt to equity
3.36▼
2023 · 6.47
ROE
46.4%▼
2023 · 99.9%
ROA
10.6%▼
2023 · 13.4%
Interest coverage
10.72▼
2023 · 10.81
Debt ≤ 1 year
€3.05M▲
2023 · €1.77M
Debt > 1 year
€2.65M▼
2023 · €4.15M
Income taxes
€277k▲
2023 · €202k
Staff costs
€2.09M▲
2023 · €1.09M
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 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€6.93M€7.54M▲
Fixed assets21/28€2.29M€3.10M▲
Intangible fixed assets21€79k€168k▲
Tangible fixed assets22/27€294k€994k▲
Plant, machinery and equipment23€186k€269k▲
Furniture and vehicles24€108k€724k▲
Financial fixed assets28€1.92M€1.94M▲
Current assets29/58€4.64M€4.44M▼
Amounts receivable after more than one year29€900k€0▼
Other amounts receivable291€900k€0▼
Stocks and contracts in progress3€1.21M€1.73M▲
Stocks30/36€1.21M€1.73M▲
Amounts receivable within one year40/41€1.93M€2.06M▲
Trade receivables40€1.93M€2.05M▲
Other amounts receivable41€6k€16k▲
Cash at bank and in hand54/58€572k€643k▲
Deferred charges and accrued income490/1€27k€4k▼
Equity and liabilities
Total equity and liabilities10/49€6.93M€7.54M▲
Equity10/15€928k€1.73M▲
Contributions10/11€5k€5k=
Reserves13-€379k
Tax-exempt reserves132-€379k
Profit (loss) carried forward14€923k€1.35M▲
Amounts payable17/49€6.00M€5.81M▼
Amounts payable after more than one year17€4.15M€2.65M▼
Financial debts170/4€4.15M€2.65M▼
Amounts payable within one year42/48€1.77M€3.05M▲
Trade debts44€1.33M€2.11M▲
Suppliers440/4€1.33M€2.11M▲
Advances received on contracts in progress46€3k€284k▲
Taxes, remuneration and social security45€443k€652k▲
Taxes450/3€224k€246k▲
Remuneration and social security454/9€219k€406k▲
Accrued charges and deferred income492/3€78k€109k▲
Income statement
Code20232024
Non-recurring operating income76A€5k€13k▲
Remuneration, social security and pensions62€1.09M€2.09M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€119k€281k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€11k€0▼
Other operating charges640/8€22k€7k▼
Non-recurring operating charges66A€69k€0▼
Gross operating margin9900€2.54M€3.56M▲
Operating profit (loss)9901€1.24M€1.18M▼
Financial income75/76B€17k€36k▲
Recurring financial income75€17k€36k▲
Financial charges65/66B€126k€136k▲
Recurring financial charges65€126k€136k▲
Profit (loss) for the period before taxes9903€1.13M€1.08M▼
Income taxes67/77€202k€277k▲
Profit (loss) for the period9904€927k€802k▼
Transfer to tax-exempt reserves689-€379k
Profit (loss) for the period to be appropriated9905€927k€423k▼
Appropriation of the result
Profit (loss) to be appropriated9906€923k€1.35M▲
Profit (loss) brought forward from the previous period14P€-4k€923k▲
Social balance
Average headcount (FTE)908715.125.7▲
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Equity above €1MEq €1.73M ▲86.5%
3 profitable years in a row build equity to €1.73M.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 65 days late
2023
31-12
Financial
Highest result since 2020net €927k ▲649%
Operating result €1.24M, net result €927k, both a record.
31-12
Financial
Equity above €500kEq €928k ▲137447%
2 profitable years in a row build equity to €928k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Back to profitnet €124k
Net result €124k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-143k ▼1039%
Net result drops to €-143k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 6current ratio 12.53
Current ratio from 1.95 to 12.53.
01-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 32 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Nieuwpoort · 2 establishment units 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.
Emile Verhaerenlaan 408620 NieuwpoortGround area
4.2 ha
Building footprint
3.0 ha
Volume, LiDAR
2,233 m³
2 parcels, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
PRADO EUROPE
since 20192.292.268.366
Prado Europe
since 20252.374.355.508
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38024A0145/00C000 | Flanders | 3.0 ha | 1 · 3.0 ha | - |
| 38402D0517/00R012 | Flanders | 1.2 ha | 1 · 336 m² | 10.5 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 11 entries · 888,023 EUR awarded · 399,436 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 799,874 EUR | 355,437 EUR |
| 2024 | 1 | 30,755 EUR | 15,830 EUR |
| 2023 | 2 | 2,975 EUR | 12,500 EUR |
| 2022 | 4 | 54,419 EUR | 15,669 EUR |
Schemes
Ontwikkelingsproject
Subsidies voor internationaal ondernemen
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 21,829 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
27402Manufacture of electrical equipment
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.