Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
Pragma Labs from Mechelen, company number BE0779343827, closed financial year 2025 with a result of € -176,923 after tax. For that financial year Pragma Labs recorded a gross margin of € 262,961 and equity of € 1 million. Compared with financial year 2024, the result moved from € -170,980 to € -176,923. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ 1 million
▼ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -176,923
▼ 3 % more loss than in 2024
Profit after tax over the fiscal year.
€ 28,299
▼ 84% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -518,888.
People and assets in 2025
2.1
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 180,220
▼ 29% vs 2024
€ 85,800 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.
€ 6,398
▼ 45% 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.
€ 7,938
▼ 80% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,036
▼ 68% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -33,583 | € 217,816 | € 205,033 | € 262,961 | ▲ 28% |
| Profit after taxes | € -123,011 | € -47,974 | € -170,980 | € -176,923 | ▼ € 5,943 |
| Equity | € 173,989 | € 1,245,742 | € 1,199,762 | € 1,044,971 | ▼ 13% |
| Total debts | € 31,050 | € 187,620 | € 145,933 | € 68,192 | ▼ 53% |
| Cash | € 52,434 | € 711,610 | € 182,341 | € 28,299 | ▼ 84% |
| Retained profit | € -123,011 | € -170,985 | € -341,964 | € -518,888 | ▼ € 176,923 |
| Bank debt | € 0 | € 257 | € 0 | € 0 | |
| Balance sheet total | € 205,039 | € 1,433,362 | € 1,345,696 | € 1,113,163 | ▼ 17% |
| Employees (FTE) | - | 2.6 | 3 | 2.1 | ▼ 0.9 |
Key figures of Pragma Labs, 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 Pragma Labs?
What happened at Pragma Labs in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 176,923. Source: NBB ↗
- Van Pee & Co BV became a director. NBB
- New establishment in Mechelen. KBO
- Thomas Smets became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 123,011 loss in 2022 to € 176,923 loss in 2025.
Paid € 4,595 in corporate taxes since 2022.
On average € 125,200 of value added per employee in 2025.
Management
The stake of KEYROCK comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Pragma LabsBehind Pragma Labs are Thomas Smets and Van Pee & Co BV. The shares are held by KEYROCK (100%).
Directors
According to the 2025 annual accounts
Thomas Smets
Director
since 2021
Director · represented by Jasper Van Pee
since 2023
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Bethaniënstraat 5
2800 Mechelen
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
AMAZON-02 - Amazon.com, Inc., US
Domain
Domain
arcadia.finance
Registered
2021-04-23
Registrar
GoDaddy.com, LLC
Expires
2026-04-23
Website info
Features
Security
Network
Details
- Company number
- 0779.343.827
- VAT number
- BE 0779.343.827
- Registered office
- Bethaniënstraat 5, 2800 Mechelen
- Names & denominations
- Pragma Labs
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 December 2021
- Peppol
- Active · Active since 29 Jul 2024
- Contact
- arcadia.finance [email protected]
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