Primmodec
ActiveSummary
Primmodec has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €581k and a net result of €-69k. Its solvency ranks better than 41% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes
Profitability15
Solvency47
Growth-
Track record67
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days only on tighter terms
Liquidity tight (current ratio 1.29; short-term debt: 77.4% and cash: 38% of total assets), and 77.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 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 · 1 filingDeviation from the deadline
2025
4 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
€581k
Total assets
€2.60M
Net result
€-69k
Working capital
€584k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
Equity and liabilities €2.60M
Equity
€581k
Debt
€2.01M
Debt finances 77.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€-19k
Cash flow
€-68k
Current ratio
1.29
Quick ratio
0.49
Debt to equity
3.46
ROE
-11.8%
ROA
-2.6%
Interest coverage
-0.38
Debt ≤ 1 year
€2.01M
Filed annual accounts As filed with the NBB · 2025 · 32 lines
Balance sheet
Code2025
Assets
Total assets20/58€2.60M
Formation expenses20€2k
Current assets29/58€2.59M
Stocks and contracts in progress3€1.60M
Stocks30/36€1.60M
Amounts receivable within one year40/41€3k
Trade receivables40€343
Other amounts receivable41€2k
Cash at bank and in hand54/58€986k
Equity and liabilities
Total equity and liabilities10/49€2.60M
Equity10/15€581k
Contributions10/11€650k
Profit (loss) carried forward14€-69k
Amounts payable17/49€2.01M
Amounts payable within one year42/48€2.01M
Financial debts43€950k
Credit institutions430/8€950k
Other amounts payable47/48€1.06M
Accrued charges and deferred income492/3€5k
Income statement
Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€719
Other operating charges640/8€954
Gross operating margin9900€-18k
Operating profit (loss)9901€-20k
Financial income75/76B€239
Recurring financial income75€239
Financial charges65/66B€49k
Recurring financial charges65€49k
Profit (loss) for the period before taxes9903€-69k
Profit (loss) for the period9904€-69k
Profit (loss) for the period to be appropriated9905€-69k
Appropriation of the result
Profit (loss) to be appropriated9906€-69k
Social balance
Average headcount (FTE)90870.0
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 | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €719 |
| Other operating charges640/8 | €954 |
| Gross operating margin9900 | €-18k |
| Operating profit (loss)9901 | €-20k |
| Financial income75/76B | €239 |
| Recurring financial income75 | €239 |
| Financial charges65/66B | €49k |
| Recurring financial charges65 | €49k |
| Profit (loss) for the period before taxes9903 | €-69k |
| Profit (loss) for the period9904 | €-69k |
| Profit (loss) for the period to be appropriated9905 | €-69k |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €2.60M | |
| Formation expenses20 | €2k | |
| Current assets29/58 | €2.59M | |
| Stocks and contracts in progress3 | €1.60M | |
| Stocks30/36 | €1.60M | |
| Amounts receivable within one year40/41 | €3k | |
| Trade receivables40 | €343 | |
| Other amounts receivable41 | €2k | |
| Cash at bank and in hand54/58 | €986k | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €2.60M | |
| Equity10/15 | €581k | |
| Contributions10/11 | €650k | |
| Profit (loss) carried forward14 | €-69k | |
| Amounts payable17/49 | €2.01M | |
| Amounts payable within one year42/48 | €2.01M | |
| Financial debts43 | €950k | |
| Credit institutions430/8 | €950k | |
| Other amounts payable47/48 | €1.06M | |
| Accrued charges and deferred income492/3 | €5k | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €-69k |
| + Depreciation and write-downs630 | €719 |
| Operating cash flow (approximation) | €-68k |
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
2026
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 4 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Merelbeke-Melle · 1 establishment unit since 2024
Ground area
2,448 m²
Building footprint
764 m²
Volume, LiDAR
9,471 m³
Parcel 44040D0127/00B002, Flanders · tallest building 16.6 m, ±4 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
Primmodec
since 20242.366.246.407
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44040D0127/00B002 | Flanders | 2,448 m² | 1 · 764 m² | 16.6 m · 4 fl. |
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.
Similar companies · same sector, comparable size
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Of 1,292 companies in sector 68122 we hold annual accounts for 901. 574 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
Founded06-11-2024
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
68121Development of residential building projects
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.