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 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2025; threshold 65 %.
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Late annual account NBB
Fiscal year 2025 was filed 250 days after the legal deadline.
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Busy address KBO
37 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PRAX SHIPPING I from Vorst, company number BE0776925458, closed financial year 2025 with a result of € -828,385 after tax. For that financial year PRAX SHIPPING I recorded revenue of € 3.4 million and equity of € -2 million. Compared with financial year 2024, the result moved from € -862,215 to € -828,385. 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 June 5, 2026.
€ -2 million
▼ € 828,385 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -828,385
▲ 4 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1.2 million
▲ 95% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.5 million.
Debts at end 2025
€ 7.3 million
▼ 5% vs 2024
Loans from banks and other lenders, long and short.
€ 92,011
▼ 67% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 841,742
▼ 1% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 4,249,254 | € 3,196,438 | € 3,412,920 | ▲ 7% |
| Gross margin | € -89,326 | € 759,444 | € 337,982 | € 609,479 | ▲ 80% |
| Profit after taxes | € -277,414 | € -518,996 | € -862,215 | € -828,385 | ▲ € 33,830 |
| Equity | € -276,414 | € -795,410 | € -1,157,625 | € -1,986,010 | ▼ € 828,385 |
| Total debts | € 5,152,965 | € 8,640,649 | € 8,798,267 | € 8,641,285 | ▼ 2% |
| Cash | € 90,546 | € 89,261 | € 617,558 | € 1,201,505 | ▲ 95% |
| Retained profit | € -277,414 | € -796,410 | € -1,658,625 | € -2,487,010 | ▼ € 828,385 |
| Bank debt | € 4,935,093 | € 6,646,670 | € 7,611,280 | € 7,265,767 | ▼ 5% |
| Balance sheet total | € 4,876,551 | € 7,845,239 | € 7,640,642 | € 6,655,275 | ▼ 13% |
Key figures of PRAX SHIPPING I, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2026 has not been filed yet; it was expected before 28 September 2026.
What happened to PRAX SHIPPING I?
What happened at PRAX SHIPPING I in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 828,385. filed late Source: NBB ↗
- Nicholas John PIKE became a director. NBB
- Winston Sanjeevkumar SOOSAIPILLAI stepped down as director. NBB
- New establishment in Brasschaat. KBO
- Start of the company according to the CBE. KBO
In short
From € 277,414 loss in 2022 to € 828,385 loss in 2025.
Paid € 117,099 in corporate taxes since 2022.
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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 PRAX SHIPPING I is Nicholas John PIKE. Nicholas John PIKE is also behind Harvest Energy Marine, Prax Belgium Holdings, Prax Terminals Belgium and Prax Shipping II.
Directors
According to the 2025 annual accounts
Nicholas John PIKE
Director
Also active at: Harvest Energy Marine, Prax Belgium Holdings, Prax Terminals Belgium, Prax Shipping II
since 2025
· until 2025
Establishments
Establishment units
Physical locations of this company
Van Volxemlaan 302-304 box 4
1190 Vorst
Ruiterijschool 6
2930 Brasschaat
Active since 1 January 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 37 companies are registered at this address.
All companies at this address →KAOLA
€ -12,612 gross margin · 2025
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€ 290,265 gross margin · 2025
WILDEWOUD
€ -5,970 gross margin · 2024
Libra - Tax & Accountancy - Brussels
€ 543,473 gross margin · 2025
Simon Nagel Fine Art
€ -31,487 gross margin · 2025
+32 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Self-hosted
Hosting
IONOS-AS This is the joint network for IONOS, Fasthosts, Arsys, 1&1 Mail and Media and 1&1 Telecom. Formerly known as 1&1 Internet SE., DE
DNS
GoDaddy DNS
Domain
Domain
prax.com
Registered
2002-08-04
Registrar
123-Reg Limited
Expires
2026-08-04
Website info
Features
Security
Details
- Company number
- 0776.925.458
- VAT number
- BE 0776.925.458
- Registered office
- Van Volxemlaan 302-304 bus 4, 1190 Vorst
- Names & denominations
- PRAX SHIPPING I
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 November 2021
- Peppol
- Active · Active since 9 Apr 2026
- Contact
- prax.com [email protected] 033698060
- Activities · NACE
Handelsbemiddeling in de groothandel in brandstoffen, ertsen, metalen en chemische producten
Groothandel in vaste, vloeibare en gasvormige brandstoffen en aanverwante producten
Detailhandel in motorbrandstoffen
Logistieke diensten
Diensten in verband met vervoer over water
Detailhandel in vaste, vloeibare en gasvormige brandstoffen, muv motorbrandstoffen
Overige vervoerondersteunende activiteiten