ACTIVE

PRAGMATA

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Financial year 2025 · closed on 30/09/2025

Net result

-50,2 k €

+18.2% YoY

Gross margin

-31,3 k €

-3.0% YoY

Equity

166,1 k €

-23.2% YoY

What does PRAGMATA do?

PRAGMATA is a Private company with limited liability incorporated in 2005. Its main activity is: Management consultancy activities. Its registered office is in La Hulpe.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0871.148.585

Incorporation

12/01/2005

Legal form

Private company with limited liability

Registered office

Rue du Moulin 12
1310 La Hulpe · WallonieSee on map

Contributed capital

37 200,00 €

Latest accounts

30/09/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 71220Technical testing and analysis 71230Technical testing and analysis 77340Rental and leasing of water transport equipment+3

Joint committees (1)

Signals

Solid equityLow riskGood liquidity

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-31,3 k €	-3.0%	-30,4 k €	+22.4%	-39,1 k €	-107%	588,8 k €	-56.4%	1,4 M €	+11.3%	1,2 M €	-5.1%	1,3 M €	+1.4%	1,3 M €	+13.3%	1,1 M €	-7.6%	1,2 M €	+7.6%	1,1 M €	-4.0%	1,2 M €	+0.2%	1,2 M €	+2.4%	1,1 M €	+3.5%	1,1 M €	+1.8%	1,1 M €	+4.3%	1 M €	+10.9%	932,3 k €	-1.5%	946,1 k €
EBITDA	-35,6 k €	-3.0%	-34,5 k €	+20.5%	-43,4 k €	-107%	585,1 k €	-56.5%	1,3 M €	+12.1%	1,2 M €	-5.6%	1,3 M €	+1.3%	1,3 M €	+15.9%	1,1 M €	-7.0%	1,2 M €	+5.9%	1,1 M €	-5.5%	1,2 M €	+0.2%	1,2 M €	+2.4%	1,1 M €	+3.5%	1,1 M €	+1.9%	1,1 M €	+4.3%	1 M €	+11.8%	923,5 k €	-2.3%	945,4 k €
Operating result	-48 k €	+32.7%	-71,4 k €	+10.1%	-79,4 k €	-114%	550,3 k €	-58.0%	1,3 M €	+11.9%	1,2 M €	-6.1%	1,2 M €	-0.2%	1,2 M €	+15.9%	1,1 M €	-7.0%	1,2 M €	+5.5%	1,1 M €	-5.4%	1,2 M €	+0.4%	1,2 M €	+2.4%	1,1 M €	+3.1%	1,1 M €	+1.8%	1,1 M €	+4.4%	1 M €	+11.8%	923,2 k €	-2.3%	945 k €
Net result	-50,2 k €	+18.2%	-61,3 k €	+0.8%	-61,8 k €	-115%	416,2 k €	-57.7%	984,5 k €	+19.5%	823,5 k €	-6.8%	883,2 k €	+7.1%	824,4 k €	+22.7%	672,1 k €	-12.1%	765 k €	+5.5%	725,4 k €	-5.5%	767,5 k €	+0.4%	764,4 k €	+2.6%	745,3 k €	+3.1%	722,9 k €	+1.9%	709,7 k €	+5.2%	674,4 k €	+10.4%	611 k €	-1.9%	622,9 k €
Balance sheet
Equity	166,1 k €	-23.2%	216,3 k €	-22.1%	277,6 k €	-56.6%	639,4 k €	+186%	223,2 k €	+0.2%	222,8 k €	-10.6%	249,2 k €	+507%	41 k €	-1.5%	41,7 k €	+0.3%	41,5 k €	-0.1%	41,6 k €	+1.0%	41,2 k €	-1.2%	41,7 k €	+401%	8,3 k €	-7.4%	9 k €	-1.6%	9,1 k €	-3.1%	9,4 k €	-62.4%	25,1 k €	+4.2%	24 k €
Total assets	366 k €	-9.5%	404,5 k €	-55.8%	914,7 k €	-27.0%	1,3 M €	-23.8%	1,6 M €	+18.1%	1,4 M €	+6.0%	1,3 M €	+23.4%	1,1 M €	+21.3%	877,3 k €	+12.5%	779,9 k €	+18.8%	656,3 k €	+19.1%	551 k €	+34.3%	410,4 k €	+42.8%	287,3 k €	-9.5%	317,4 k €	+46.5%	216,6 k €	-6.3%	231,2 k €	+37.2%	168,5 k €	-23.5%	220,3 k €
Cash	343,4 k €	-6.4%	366,8 k €	+180%	130,9 k €	+359%	28,5 k €	-97.7%	1,3 M €	+3.1%	1,2 M €	-2.2%	1,3 M €	+20.4%	1 M €	+21.6%	856,1 k €	+13.1%	757,2 k €	+17.1%	646,7 k €	+19.4%	541,8 k €	+35.8%	398,9 k €	+51.8%	262,8 k €	-15.3%	310,3 k €	+47.4%	210,5 k €	+70.4%	123,5 k €	-21.3%	156,9 k €	-26.8%	214,4 k €
Debts	196,2 k €	+6.4%	184,4 k €	-70.9%	634,1 k €	+3.3%	613,6 k €	-56.8%	1,4 M €	+21.4%	1,2 M €	+9.9%	1,1 M €	+4.0%	1 M €	+22.5%	835,7 k €	+13.2%	738,3 k €	+20.1%	614,6 k €	+20.6%	509,8 k €	+38.3%	368,7 k €	+32.2%	279 k €	-9.5%	308,4 k €	+48.7%	207,4 k €	-6.5%	221,8 k €	+54.6%	143,5 k €	-26.9%	196,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		0,3 ETP	-70.0%	1,0 ETP	+25.0%	0,8 ETP		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 1 ended

Active mandates

Christian BOAS

Director

Active

Ended mandates

Christian BOAS

Manager

Ended

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/03/2026	07/03/2025	07/03/2024	08/03/2023	17/03/2022	12/03/2021
General meeting	25/02/2026	26/02/2025	28/02/2024	22/02/2023	23/02/2022	24/02/2021
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	30/09/2025	25/02/2026	05/03/2026	French	PDF
Abridged model	30/09/2024	26/02/2025	07/03/2025	French	PDF
Abridged model	30/09/2023	28/02/2024	07/03/2024	French	PDF
Abridged model	30/09/2022	22/02/2023	08/03/2023	French	PDF
Abridged model	30/09/2021	23/02/2022	17/03/2022	French	PDF
Abridged model	30/09/2020	24/02/2021	12/03/2021	French	PDF
Abridged model	30/09/2019	26/02/2020	06/03/2020	French	PDF
Abridged model	30/09/2018	27/02/2019	12/03/2019	French	PDF
Abridged model	30/09/2017	28/02/2018	19/03/2018	French	PDF
Abridged model	30/09/2016	16/12/2016	10/02/2017	French	PDF
Abridged model	30/09/2015	24/02/2016	21/03/2016	French	PDF
Abridged model	30/09/2014	25/02/2015	26/03/2015	French	PDF
Abridged model	30/09/2013	26/02/2014	14/03/2014	French	PDF
Abridged model	30/09/2012	27/02/2013	11/03/2013	French	PDF
Abridged model	30/09/2011	20/10/2011	28/11/2011	French	PDF
Abridged model	30/09/2010	13/12/2010	03/01/2011	French	PDF
Abridged model	30/09/2009	24/02/2010	17/03/2010	French	PDF
Abridged model	30/09/2008	25/02/2009	10/03/2009	French	PDF
Abridged model	30/09/2007	27/02/2008	20/03/2008	French	PDF
Abridged model	30/09/2006	21/02/2007	22/02/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 30/09/2025 · 1 active · 1 ended

Active mandates

Christian BOAS

Director

Active

Ended mandates

Christian BOAS

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares17/10/2013
CAPITAL, ACTIONS
PDF
Other04/03/2005
DIVERS
PDF
Other21/01/2005
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025-50,2 k €↑
2024
Annual accounts 2024-61,3 k €↑
2023
Annual accounts 2023-61,8 k €↓
2022
Annual accounts 2022416,2 k €↓
2021
Annual accounts 2021984,5 k €↑
2020
Annual accounts 2020823,5 k €↓
2019
Annual accounts 2019883,2 k €↑
2018
Annual accounts 2018824,4 k €↑
2017
Annual accounts 2017672,1 k €↓
2016
Annual accounts 2016765 k €↑
2015
Annual accounts 2015725,4 k €↓
2014
Annual accounts 2014767,5 k €↑
2013
Annual accounts 2013764,4 k €↑
2012
Annual accounts 2012745,3 k €↑
2011
Annual accounts 2011722,9 k €↑
2010
Annual accounts 2010709,7 k €↑
2009
Annual accounts 2009674,4 k €↑
2008
Annual accounts 2008611 k €↓
2007
Annual accounts 2007622,9 k €
12/01/2005
IncorporationPrivate company with limited liability

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

PRAGMATA

Overview

What does PRAGMATA do?

Trend over 19 financial years

Indicative valuation

Board of directors

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