Financials
Financial year 2025
Primoris Holding from Gent, company number BE0471767418, closed financial year 2025 with a result of € 1.2 million after tax. For that financial year Primoris Holding recorded revenue of € 1.1 million and equity of € 11.1 million. Compared with financial year 2024, the result moved from € 1.3 million to € 1.2 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ 11.1 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.2 million
▼ 8% vs 2024
Profit after tax over the fiscal year.
€ 876,141
▲ 77% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 8.6 million.
People and assets in 2025
6.5
▲ 3.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 863,635
▲ 39% vs 2024
€ 132,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 218,643
▲ 74% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 133,910
▲ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 35 days on average.
€ 257,712
▲ 62% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 799,707 | € 741,471 | € 799,441 | € 1,148,982 | ▲ 44% |
| Profit after taxes | € 450,498 | € 411,178 | € 1,258,439 | € 1,152,128 | ▼ 8% |
| Equity | € 8,348,652 | € 8,759,829 | € 10,018,268 | € 11,131,146 | ▲ 11% |
| Total debts | € 400,775 | € 301,963 | € 266,574 | € 443,357 | ▲ 66% |
| Cash | € 567,184 | € 459,973 | € 495,979 | € 876,141 | ▲ 77% |
| Land & buildings | € 177,800 | € 167,200 | € 0 | - | |
| Retained profit | € 5,764,302 | € 6,175,479 | € 7,433,918 | € 8,586,046 | ▲ 15% |
| Balance sheet total | € 8,749,427 | € 9,061,793 | € 10,284,842 | € 11,575,059 | ▲ 13% |
| Employees (FTE) | 3 | 3 | 3.1 | 6.5 | ▲ 3.4 |
Key figures of Primoris Holding, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Primoris Holding?
What happened at Primoris Holding in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Filip Vanaken stepped down as director. NBB
- Universiteit Gent stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.2 million (▼ 8% vs 2024). Source: NBB ↗
- Philippe Appeltans stepped down as director. NBB
- Bruno De Meulenaer stepped down as director. NBB
- Filip Vanaken became a director. NBB
- Universiteit Gent became a director. NBB
- Philippe Appeltans became a director. NBB
In short
From € 450,498 profit in 2022 to € 1.2 million profit in 2025.
Paid € 232,591 in corporate taxes since 2022.
Best year ever: 2024, with € 1.3 million profit.
Pays suppliers within 35 days on average.
Management
The stake of BELORTA, Coöperatieve Veiling Roeselare, GREEN DIAMOND, LOGISTIEKE EN ADMINISTRATIEVE VEILINGSASSOCIATIE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Primoris HoldingThe shares are held by BELORTA (27.9%), Coöperatieve Veiling Roeselare (23.1%), GREEN DIAMOND (1%) and LOGISTIEKE EN ADMINISTRATIEVE VEILINGSASSOCIATIE (0.4%). It owns 100% of Primoris Cote D'Ivoire, 100% of PRIMORIS FRANCE SARL, 100% of PRIMORIS ECUADOR SAS, 100% of PRIMORIS COSTA RICA, 100% of PRIMORIS COLOMBIA SAS and 97.4% of Primoris Belgium itself.
Directors
According to the 2025 annual accounts
Philippe Appeltans
Director
Also active at: Verbond van Belgische Tuinbouwcoöperaties, BELGISCHE FRUITVEILING, KISTENPOOL VERBOND BELGISCHE TUINBOUWCOÖPERATIES, HANNUT-FRUIT, TECHNO-CON, LOGISTIEKE EN ADMINISTRATIEVE VEILINGSASSOCIATIE, LES VERGERS DE FERNELMONT, BETTER3FRUIT +6 more
since 2023 · until 2026
Filip Vanaken
Director
Also active at: Verbond van Belgische Tuinbouwcoöperaties, KISTENPOOL VERBOND BELGISCHE TUINBOUWCOÖPERATIES, LOGISTIEKE EN ADMINISTRATIEVE VEILINGSASSOCIATIE, Ciboris, Primoris Belgium, CKCert
since 2023 · until 2029
Director · represented by Sophie Hoozée
Also active at: Vlaamse Interuniversitaire Raad, PASSIEFHUIS - PLATFORM, Primoris Belgium, INNOVATION FUND, MEDVIA, BIO BASE EUROPE PILOT PLANT, Vlaamse Erfgoedbibliotheken, Lokaal Gezondheidsoverleg Gezond+ +5 more
since 2023 · until 2029
since 2020 · until 2026
Shareholders
Participations
Primoris Cote D'Ivoire
100%
PRIMORIS FRANCE SARL
100%
PRIMORIS ECUADOR SAS
100%
PRIMORIS COSTA RICA
100%
PRIMORIS COLOMBIA SAS
100%
97.4%
PRIMORIS Serbia LTD.
80%
PRIMORIS BULGARIA AD
80%
64%
Establishments
Establishment units
Physical locations of this company
Technologiepark-Zwijnaarde 90
9052 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0471.767.418
- VAT number
- BE 0471.767.418
- Registered office
- Technologiepark-Zwijnaarde 90, 9052 Gent
- Names & denominations
- Primoris Holding
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 27 April 2000
- Peppol
- Active · Active since 30 Dec 2025
- Activities · NACE
Technische testen en analyses
Overige technische testen en toetsen
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied