ACTIVE

PRAXIS

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Financial year 2025 · closed on 31/12/2025

Net result

66,3 k €

-26.8% YoY

Gross margin

112,4 k €

-20.1% YoY

Equity

426,7 k €

+12.2% YoY

Workforce

0,0 ETP

What does PRAXIS do?

PRAXIS is a Public limited company incorporated in 2002. Its main activity is: Management consultancy activities. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.754.406

Incorporation

23/01/2002

Legal form

Public limited company

Registered office

Van Putlei 31
2018 Antwerpen · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	112,4 k €	-20.1%	140,7 k €	+20.3%	117 k €	+967%	11 k €	-40.6%	18,5 k €	-49.4%	36,5 k €	-56.4%	83,8 k €	-55.4%	187,9 k €	-5.9%	199,8 k €	+142%	82,6 k €	-56.7%	190,7 k €	+71.0%	111,5 k €	-48.7%	217,2 k €	-10.4%	242,5 k €	+3.1%	235,2 k €	-16.4%	281,3 k €	+7.3%	262 k €	+65.2%	158,6 k €	-6.5%	169,7 k €	-7.5%	183,5 k €
EBITDA	111,1 k €	-20.4%	139,6 k €	+20.1%	116,3 k €	+1398%	7,8 k €	-42.7%	13,5 k €	-61.8%	35,5 k €	-56.7%	82 k €	+32.4%	61,9 k €	+1619%	-4,1 k €	+93.5%	-63,2 k €	-156%	112,6 k €	+135%	48 k €	+170%	17,8 k €	+5.1%	16,9 k €	+21.3%	13,9 k €	-75.7%	57,4 k €	+21.2%	47,4 k €	+276%	-26,9 k €	-195%	28,3 k €	-73.7%	107,4 k €
Operating result	96,5 k €	-23.5%	126,1 k €	+21.8%	103,5 k €	+2616%	3,8 k €	-66.6%	11,4 k €	-63.3%	31,2 k €	-60.2%	78,3 k €	+34.4%	58,2 k €	+847%	-7,8 k €	+88.7%	-69 k €	-163%	109 k €	+146%	44,4 k €	+214%	14,2 k €	+16.4%	12,2 k €	+6.8%	11,4 k €	-68.3%	35,9 k €	+325%	8,5 k €	+112%	-67,8 k €	-525%	15,9 k €	-84.0%	99,9 k €
Net result	66,3 k €	-26.8%	90,6 k €	+21.0%	74,9 k €	+3373%	-2,3 k €	+72.9%	-8,4 k €	-136%	23,6 k €	-53.1%	50,2 k €	-9.2%	55,3 k €	+589%	-11,3 k €	+83.9%	-70,2 k €	-174%	94,9 k €	+205%	31,1 k €	+249%	8,9 k €	+48.1%	6 k €	-36.4%	9,5 k €	-73.8%	36,1 k €	+305%	8,9 k €	+114%	-65 k €	-666%	11,5 k €	-84.2%	72,5 k €
Balance sheet
Equity	426,7 k €	+12.2%	380,4 k €	+20.1%	316,8 k €	+30.9%	241,9 k €	-0.9%	244,2 k €	-3.3%	252,6 k €	+10.3%	229,1 k €	+28.1%	178,9 k €	+44.8%	123,6 k €	-8.4%	134,9 k €	-34.2%	205,1 k €	+12.6%	182,2 k €	+20.6%	151,1 k €	+6.3%	142,1 k €	+4.4%	136,1 k €	+7.5%	126,6 k €	+39.9%	90,5 k €	+10.9%	81,6 k €	-44.3%	146,6 k €	+8.5%	135,1 k €
Total assets	611,5 k €	+29.2%	473,3 k €	+17.6%	402,5 k €	+35.7%	296,5 k €	-8.5%	324,1 k €	-3.2%	334,9 k €	-14.3%	390,8 k €	+2.2%	382,4 k €	-16.1%	455,9 k €	+27.1%	358,7 k €	-18.6%	440,6 k €	+51.1%	291,7 k €	+0.5%	290,1 k €	-5.0%	305,5 k €	+10.4%	276,6 k €	-21.0%	350,2 k €	+27.6%	274,5 k €	-6.2%	292,5 k €	-1.8%	297,7 k €	+17.9%	252,4 k €
Cash	157,5 k €	-31.9%	231,2 k €	+18.4%	195,3 k €	+71.8%	113,7 k €	+211%	36,5 k €	-32.1%	53,7 k €	-0.4%	53,9 k €	+26.6%	42,6 k €	+7.4%	39,7 k €	+72.7%	23 k €	-81.6%	124,7 k €	+921%	12,2 k €	-38.9%	20 k €	+21.1%	16,5 k €	+2.3%	16,1 k €	+841%	1,7 k €	-69.8%	5,7 k €	-72.6%	20,7 k €	-42.5%	35,9 k €	-72.3%	129,6 k €
Debts	184,8 k €	+98.8%	93 k €	+8.5%	85,7 k €	+56.9%	54,6 k €	-31.6%	79,9 k €	-2.9%	82,3 k €	-48.9%	161 k €	-20.9%	203,6 k €	-37.8%	327,4 k €	+47.2%	222,5 k €	-5.6%	235,5 k €	+115%	109,5 k €	-21.3%	139,1 k €	-14.9%	163,4 k €	+16.3%	140,5 k €	-37.1%	223,6 k €	+21.6%	183,9 k €	-12.4%	210,1 k €	+40.3%	149,8 k €	+27.7%	117,3 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		0,8 ETP	-20.0%	1,0 ETP	-37.5%	1,6 ETP	+60.0%	1,0 ETP	0.0%	1,0 ETP	-50.0%	2,0 ETP	-28.6%	2,8 ETP	0.0%	2,8 ETP	-6.7%	3,0 ETP	0.0%	3,0 ETP	+7.1%	2,8 ETP	+40.0%	2,0 ETP	+81.8%	1,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 37 ended

Active mandates

GM De Souter

Director · since 01 octobre 2018 · until 08 juin 2029 · 0707.646.474

Represented by Gwen Maud De Souter

Active

ERIC SPAAS

Managing director · since 09 juin 2017 · until 08 juin 2029 · 0472.788.490

Represented by Eric Spaas

Active

BRALING

Director · since 01 décembre 2005 · until 08 juin 2029 · 0432.673.052

Represented by Antonius FRILING

Active

Ended mandates

GM De Souter

Director · since 01 octobre 2018 · until 14 juin 2024 · 0707.646.474

Represented by Gwen-Maud De Souter

Ended

GM De Souter

Director · since 01 octobre 2018 · 0707.646.474

Represented by Gwen-Maud De Souter

Ended

Antonius Willy Henri M. Friling

Managing director · since 10 juin 2017 · until 09 juin 2023

Ended

BRALING

Director · since 10 juin 2017 · until 09 juin 2023 · 0432.673.052

Represented by Antonius Willy Henri M. Friling

Ended

At this address

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F3 Finance LMM I● Active	1035.024.246
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F3 Finance PE I● Active	0707.822.262
F3 FINANCE PE II● Active	0767.659.087
F³ Finance PE III● Active	0778.541.497
F³ Finance PE IV● Active	0784.703.571
F³ Finance PE VI● Active	1019.818.705
F3 Finance PE VII● Active	1019.915.210

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/06/2026	19/06/2025	01/07/2024	19/06/2023	25/04/2022	24/06/2021
General meeting	12/05/2026	13/06/2025	14/06/2024	09/06/2023	31/03/2022	11/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/05/2026	19/06/2026	Dutch	PDF
Abridged model	31/12/2024	13/06/2025	19/06/2025	Dutch	PDF
Abridged model	31/12/2023	14/06/2024	01/07/2024	Dutch	PDF
Abridged model	31/12/2022	09/06/2023	19/06/2023	Dutch	PDF
Abridged model	31/12/2021	31/03/2022	25/04/2022	Dutch	PDF
Abridged model	31/12/2020	11/06/2021	24/06/2021	Dutch	PDF
Abridged model	31/12/2019	13/07/2020	17/08/2020	Dutch	PDF
Abridged model	31/12/2018	14/06/2019	04/07/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	25/07/2018	Dutch	PDF
Abridged model	31/12/2016	09/06/2017	06/07/2017	Dutch	PDF
Abridged model	31/12/2015	10/06/2016	15/06/2016	Dutch	PDF
Abridged model	31/12/2014	12/06/2015	07/07/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	25/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	26/07/2013	Dutch	PDF
Abridged model	31/12/2011	08/06/2012	18/06/2012	Dutch	PDF
Abridged model	31/12/2010	10/06/2011	21/06/2011	Dutch	PDF
Abridged model	31/12/2009	11/06/2010	28/06/2010	Dutch	PDF
Abridged model	31/12/2008	12/06/2009	06/07/2009	Dutch	PDF
Abridged model	31/12/2007	13/06/2008	17/06/2008	Dutch	PDF
Abridged model	31/12/2006	08/06/2007	11/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 37 ended

Active mandates

GM De Souter

Director · since 01 octobre 2018 · until 08 juin 2029 · 0707.646.474

Represented by Gwen Maud De Souter

Active

ERIC SPAAS

Managing director · since 09 juin 2017 · until 08 juin 2029 · 0472.788.490

Represented by Eric Spaas

Active

BRALING

Director · since 01 décembre 2005 · until 08 juin 2029 · 0432.673.052

Represented by Antonius FRILING

Active

Ended mandates

GM De Souter

Director · since 01 octobre 2018 · until 14 juin 2024 · 0707.646.474

Represented by Gwen-Maud De Souter

Ended

GM De Souter

Director · since 01 octobre 2018 · 0707.646.474

Represented by Gwen-Maud De Souter

Ended

Antonius Willy Henri M. Friling

Managing director · since 10 juin 2017 · until 09 juin 2023

Ended

BRALING

Director · since 10 juin 2017 · until 09 juin 2023 · 0432.673.052

Represented by Antonius Willy Henri M. Friling

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office09/11/2021
MAATSCHAPPELIJKE ZETEL
PDF
Other18/02/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates28/11/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/05/2016
ONTSLAGEN - BENOEMINGEN
PDF
Other17/10/2014
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates22/08/2014
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202566,3 k €↓
2024
Annual accounts 202490,6 k €↑
2023
Annual accounts 202374,9 k €↑
2022
Annual accounts 2022-2,3 k €↑
2021
Annual accounts 2021-8,4 k €↓
2020
Annual accounts 202023,6 k €↓
2019
Annual accounts 201950,2 k €↓
2018
Annual accounts 201855,3 k €↑
2017
Annual accounts 2017-11,3 k €↑
2016
Annual accounts 2016-70,2 k €↓
2015
Annual accounts 201594,9 k €↑
2014
Annual accounts 201431,1 k €↑
2013
Annual accounts 20138,9 k €↑
2012
Annual accounts 20126 k €↓
2011
Annual accounts 20119,5 k €↓
2010
Annual accounts 201036,1 k €↑
2009
Annual accounts 20098,9 k €↑
2008
Annual accounts 2008-65 k €↓
2007
Annual accounts 200711,5 k €↓
2006
Annual accounts 200672,5 k €
23/01/2002
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

PRAXIS

Overview

What does PRAXIS do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline