Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
-
Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
PRAGMA from Elsene, company number BE0543549002, closed financial year 2024 with a result of € -26,704 after tax. For that financial year PRAGMA recorded a gross margin of € -25,164 and equity of € -117,756. Compared with financial year 2023, the result moved from € -30,712 to € -26,704. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2025.
€ -117,756
▼ € 26,704 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -26,704
▲ 13 % less loss than in 2023
Profit after tax over the fiscal year.
€ 5,970
▲ 116% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -145,356.
People and assets in 2024
0
Average over the fiscal year, from the social balance sheet.
€ 2,284
▼ 30% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 141,799
▲ 37% vs 2023
Supplier invoices still open on the last day of the fiscal year.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -21,640 | € -23,318 | € -26,722 | € -25,164 | ▲ € 1,558 |
| Profit after taxes | € -20,472 | € -25,114 | € -30,712 | € -26,704 | ▲ € 4,008 |
| Equity | € -34,626 | € -59,741 | € -91,052 | € -117,756 | ▼ € 26,704 |
| Total debts | € 80,617 | € 206,799 | € 149,110 | € 187,584 | ▲ 26% |
| Cash | € 9,915 | € 16,417 | € 2,763 | € 5,970 | ▲ 116% |
| Retained profit | € -62,826 | € -87,941 | € -118,652 | € -145,356 | ▼ € 26,704 |
| Balance sheet total | € 45,991 | € 147,059 | € 58,058 | € 69,828 | ▲ 20% |
Key figures of PRAGMA, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to PRAGMA?
What happened at PRAGMA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 26,704. filed late Source: NBB ↗
- Matt ESPTEIN became a director. NBB
- Hans de Kruijs became a director. NBB
- Christoph JONAS became a director. NBB
- Carlos ALONSO became a director. NBB
- Gustavo CUEVAS became a director. NBB
- Gilberto GELOSA became a director. NBB
- New establishment in Elsene. KBO
In short
From € 20,472 loss in 2021 to € 26,704 loss in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind PRAGMA are Matt ESPTEIN, Gustavo CUEVAS, Hans de Kruijs, Christoph JONAS, Carlos ALONSO and Gilberto GELOSA.
Directors
According to the 2024 annual accounts
Matt ESPTEIN
Chairman of the board
since 2022
Gustavo CUEVAS
Vice-chairman of the board
since 2015
Hans de Kruijs
Director
since 2022
Christoph JONAS
Director
since 2022
Carlos ALONSO
Director
since 2022
Gilberto GELOSA
Director
since 2014
Establishments
Establishment units
Physical locations of this company
Tulpstraat 37
1050 Elsene
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.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
Hosting
SQUARESPACE - Squarespace, Inc., US
Domain
Domain
pragma.international
Registered
2016-01-29
Registrar
eNom, LLC
Expires
2027-01-29
Website info
Features
Security
Network
Details
- Company number
- 0543.549.002
- VAT number
- BE 0543.549.002
- Registered office
- Tulpstraat 37, 1050 Elsene
- Names & denominations
- PRAGMA
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 23 December 2013
- Peppol
- Active · Active since 19 Dec 2025
- Contact
- pragma.international
- Activities · NACE
Overige rechtskundige dienstverlening