Financials
Financial year 2025
Primoris Belgium from Gent, company number BE0559872221, closed financial year 2025 with a result of € 2.5 million after tax. For that financial year Primoris Belgium recorded revenue of € 16.6 million and equity of € 10.3 million. Compared with financial year 2024, the result moved from € 2.3 million to € 2.5 million. Profitable, and profit is growing. 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 24, 2026.
€ 10.3 million
▲ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.5 million
▲ 7% vs 2024
Profit after tax over the fiscal year.
€ 2.6 million
▼ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.2 million paid out
50 % of the profit went to the shareholders, mostly to Primoris Holding (97 % of the shares). That is where the money ends up.
People and assets in 2025
82.7
▲ 3.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.1 million
▲ 11% vs 2024
€ 85,400 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.
€ 169,223
▲ 185% 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.
€ 1.1 million
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 69 days on average.
€ 1.4 million
▼ 9% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 13,229,591 | € 12,900,611 | € 14,864,632 | € 16,583,670 | ▲ 12% |
| Profit after taxes | € 135,325 | € 704,954 | € 2,322,186 | € 2,473,618 | ▲ 7% |
| Equity | € 7,581,094 | € 7,933,571 | € 9,094,664 | € 10,331,473 | ▲ 14% |
| Total debts | € 2,240,643 | € 2,365,361 | € 3,870,098 | € 3,877,017 | |
| Cash | € 1,565,131 | € 2,544,097 | € 3,336,072 | € 2,588,330 | ▼ 22% |
| Land & buildings | € 1,545,819 | € 1,497,952 | € 1,289,379 | € 1,068,557 | ▼ 17% |
| Retained profit | € 3,575,739 | € 3,928,216 | € 5,089,309 | € 6,326,118 | ▲ 24% |
| Dividend | € 67,663 | € 352,477 | € 1,161,093 | € 1,236,809 | ▲ 7% |
| Bank debt | € 142,856 | € 35,713 | € 0 | € 0 | |
| Balance sheet total | € 9,821,737 | € 10,298,932 | € 12,964,762 | € 14,209,905 | ▲ 10% |
| Employees (FTE) | 91.7 | 77.9 | 79.1 | 82.7 | ▲ 3.6 |
Key figures of Primoris Belgium, 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 Belgium?
What happened at Primoris Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Philippe Appeltans stepped down as director. NBB
- Universiteit Gent stepped down as director. NBB
- Bruno De Meulenaer stepped down as director. NBB
- Hans Vanderhallen stepped down as director. NBB
- Bruno Gobin stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.5 million (▲ 7% vs 2024). Source: NBB ↗
- Vanhaecke Lynn stepped down as director. NBB
- Filip Vanaken stepped down as director. NBB
In short
From € 135,325 profit in 2022 to € 2.5 million profit in 2025.
Paid € 1.3 million in corporate taxes since 2022.
Best year ever: 2025, with € 2.5 million profit.
Paid out € 2.8 million in dividends to the owners in total.
Management
The stake of Primoris Holding, GREEN DIAMOND comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Primoris BelgiumThe shares are held by Primoris Holding (97.4%) and GREEN DIAMOND (1%).
Directors
According to the 2025 annual accounts
Vanhaecke Lynn
Director
since 2020 · until 2026
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, Primoris Holding +6 more
since 2023 · until 2029
Filip Vanaken
Director
Also active at: Verbond van Belgische Tuinbouwcoöperaties, KISTENPOOL VERBOND BELGISCHE TUINBOUWCOÖPERATIES, LOGISTIEKE EN ADMINISTRATIEVE VEILINGSASSOCIATIE, Primoris Holding, Ciboris, CKCert
since 2023 · until 2026
Director · represented by Sophie Hoozee
Also active at: Vlaamse Interuniversitaire Raad, Primoris Holding, PASSIEFHUIS - PLATFORM, INNOVATION FUND, MEDVIA, BIO BASE EUROPE PILOT PLANT, Vlaamse Erfgoedbibliotheken, Lokaal Gezondheidsoverleg Gezond+ +5 more
since 2023 · until 2029
since 2023 · until 2029
Hans Vanderhallen
Director
Also active at: PROEFCENTRUM HOOGSTRATEN, Verbond van Belgische Tuinbouwcoöperaties, AUCXIS, KISTENPOOL VERBOND BELGISCHE TUINBOUWCOÖPERATIES, LOGISTIEKE EN ADMINISTRATIEVE VEILINGSASSOCIATIE, Ciboris, Kenniscentrum Glastuinbouw, CKCert
since 2023 · until 2029
Bruno Gobin
Director
Also active at: VLAAMSE LANDMAATSCHAPPIJ, Viaverda, Ciboris, TelersAdviesCOöperatie, CKCert
since 2023 · until 2029
since 2020 · until 2026
Els Berckmoes
Director
since 2022 · until 2026
Shareholders
97.4%
Participations
No participations in other companies reported.
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
primoris-lab.com
Registered
2015-01-10
Registrar
Combell NV
Expires
2027-01-10
Website info
Features
Security
Details
- Company number
- 0559.872.221
- VAT number
- BE 0559.872.221
- Registered office
- Technologiepark-Zwijnaarde 90, 9052 Gent
- Names & denominations
- Primoris Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 31 July 2014
- Peppol
- Active · Active since 30 Dec 2025
- Contact
- primoris-lab.com
- Activities · NACE
Overige technische testen en toetsen
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Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied