PRAELUDE

Active

Private limited companyfounded 20188 yrs activeVinkstraat 14, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0697.931.232

PRAELUDE has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2k and a net result of €35k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 16691 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2025

45 / 100

Fair▼ -48 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency6▼-91

Growth32=

Stability100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.72 against 1.91 in 2024), and 98.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Sector 62

lower

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

1.6%

Return on assets

28.6%

Age of the figures

8 mo

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 16691 sector peers (2025).

NBB · sector comparison

Position among 16691 sector peers

Solvency

better than 10%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

57 d early

2024

31 d early

2023

11 d early

2022

60 d early

2021

51 d early

2020

5 d early

2019

68 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

06-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€2k▼ 97.5%

2024 · €79k

2020: €98k 2021: €20k 2022: €29k 2023: €31k 2024: €79k

2020 → 2025

Total assets

€123k▼ 3.5%

2024 · €128k

2020: €109k 2021: €210k 2022: €145k 2023: €112k 2024: €128k

2020 → 2025

Net result

€35k▼ 26.1%

2024 · €48k

2020: €89k 2021: €61k 2022: €79k 2023: €49k 2024: €48k

2020 → 2025

Working capital

€-34k

2024 · €44k

2020: €85k 2021: €14k 2022: €29k 2023: €31k 2024: €44k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€20k-€29k▲ 43.5%€31k▲ 6.7%€79k▲ 153%€2k▼ 97.5%

Operating result€80k-€103k▲ 27.8%€63k▼ 38.3%€62k▼ 2.2%€48k▼ 22.9%

Net result€61k-€79k▲ 29.8%€49k▼ 38.5%€48k▼ 1.6%€35k▼ 26.1%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen three years in a row; 2025 is 23% below 2024 and is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €123k

29.0%

71.0%

Fixed assets €36k▲ 3.0%

Current assets €88k▼ 5.9%

Equity and liabilities €123k

98.4%

Equity €2k▼ 97.5%

Debt €121k▲ 149%

The debt ratio rises from 38.1% to 98.4%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€62k▼

2024 · €73k

Cash flow

€50k▼

2024 · €58k

Solvency

1.6%▼

2024 · 61.9%

Current ratio

0.72▼

2024 · 1.91

Quick ratio

0.72▼

2024 · 1.91

Debt / equity

60.71▲

2024 · 0.62

ROE

1767.0%▲

2024 · 60.4%

ROA

28.6%▼

2024 · 37.4%

Interest coverage

624.49▼

2024 · 726.25

Debt

€121k▲

2024 · €49k

Debt ≤ 1 year

€121k▲

2024 · €49k

Income taxes

€12k▼

2024 · €14k

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

Total assets 20/58€128k€123k▼

Fixed assets 21/28€35k€36k▲

Tangible fixed assets 22/27€35k€36k▲

Current assets 29/58€93k€88k▼

Amounts receivable within one year 40/41€77k€64k▼

Cash & bank 54/58€14k€24k▲

Total equity & liabilities 10/49€128k€123k▼

Equity 10/15€79k€2k▼

Contributions / capital 10/11€2k€2k=

Accumulated profits (losses) 14€77k-

Amounts payable 17/49€49k€121k▲

Amounts payable within one year 42/48€49k€121k▲

Trade debts payable within one year 44€3k€5k▲

Income statement Code20242025

Gross operating margin 9900€76k€63k▼

Operating result 9901€62k€48k▼

Financial income 75-€17

Financial charges 65€100€100▼

Result before taxes 9903€62k€48k▼

Income taxes 67/77€14k€12k▼

Net result for the period 9904€48k€35k▼

Result to be appropriated 9905€48k€35k▼

Timeline · acts, filings and financial milestones

All 10Financial 1Gazette 1Filings 8

Next filing, fiscal year 2026, expected by 31-07-2027

2026

04-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €35k ▼26.1%

Net result drops to €35k, the lowest in the series.

30-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

20-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

16-02

State Gazette act Director changes

Alexandra RHODIUS

2023

01-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

10-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

26-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

07-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 68 days late

2019

27-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 27 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

1 of 2 acts read

About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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