CF PROXI +
InactiveCF PROXI + was declared bankrupt on 29-03-2024 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 28-10-2025, published in the Belgian State Gazette on 12-11-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 26-07-2023, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
5 d early
2021
24 d late
2020
145 d late
2019
109 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 68 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€218,524▼ 239%
2021 · -€64,509
Working capital
-€483,370▼ 92.9%
2021 · -€250,523
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result€18,396--€2,259-€97,175▼ 4,202%-€17,898▲ 81.6%-€209,676▼ 1,072%
Net result€2,904--€64,386-€133,084▼ 107%-€64,509▲ 51.5%-€218,524▼ 239%
Equity€22,855--€41,531-€174,615▼ 320%-€239,124▼ 36.9%-€457,648▼ 91.4%
Total assets€411,694-€416,523▲ 1.2%€296,027▼ 28.9%€414,916▲ 40.2%€467,944▲ 12.8%
Debt€388,839-€458,054▲ 17.8%€470,642▲ 2.7%€654,040▲ 39.0%€925,592▲ 41.5%
Working capital-€42,849--€92,048▼ 115%-€201,817▼ 119%-€250,523▼ 24.1%-€483,370▼ 92.9%
Staff (FTE)56-60.4▲ 7.9%73.5▲ 21.7%96▲ 30.6%100.4▲ 4.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €209,676 in 2022 against €17,898 in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €467,944
Fixed assets
€25,722 ▲ 126%
Current assets
€442,222 ▲ 9.6%
Key figures and ratios
EBITDA
-€204,327▼
2021 · €1,924
Cash flow
-€213,175▼
2021 · -€44,687
Solvency
-97.8%▼
2021 · -57.6%
Current ratio
0.48▼
2021 · 0.62
Debt to equity
-2.02▲
2021 · -2.74
ROA
-46.7%▼
2021 · -15.5%
Interest coverage
-22.75▼
2021 · 0.04
Debt ≤ 1 year
€925,592▲
2021 · €654,040
Staff costs
€2.8m▲
2021 · €2.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €2.3m | €2.8m | ▲ 18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,176 | €32,562 | €30,912 | €19,822 | €5,349 | ▼ 73.0% |
| Other operating charges640/8 | - | - | - | €1,899 | €1,036 | ▼ 45.4% |
| Gross operating margin9900 | €1.6m | €1.8m | €1.6m | €2.3m | €2.6m | ▲ 10.0% |
| Operating profit (loss)9901 | €18,396 | -€2,259 | -€97,175 | -€17,898 | -€209,676 | ▼ 1,072% |
| Financial income75/76B | - | - | - | €1,255 | €134 | ▼ 89.3% |
| Recurring financial income75 | €1,400 | €2 | €3 | €1,255 | €134 | ▼ 89.3% |
| Financial charges65/66B | - | - | - | €47,638 | €8,982 | ▼ 81.1% |
| Recurring financial charges65 | €20,027 | €57,604 | €35,583 | €47,638 | €8,982 | ▼ 81.1% |
| Profit (loss) for the period before taxes9903 | -€231 | -€59,861 | -€132,755 | -€64,281 | -€218,524 | ▼ 240% |
| Income taxes67/77 | -€3,135 | €4,525 | €329 | €228 | - | - |
| Profit (loss) for the period9904 | €2,904 | -€64,386 | -€133,084 | -€64,509 | -€218,524 | ▼ 239% |
| Profit (loss) for the period to be appropriated9905 | €2,904 | -€64,386 | -€133,084 | -€64,509 | -€218,524 | ▼ 239% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €411,694 | €416,523 | €296,027 | €414,916 | €467,944 | ▲ 12.8% |
| Fixed assets21/28 | €82,175 | €59,391 | €28,479 | €11,399 | €25,722 | ▲ 126% |
| Intangible fixed assets21 | €50,554 | €30,005 | €9,457 | - | - | - |
| Tangible fixed assets22/27 | €29,871 | €24,786 | €14,422 | €6,799 | €21,122 | ▲ 211% |
| Plant, machinery and equipment23 | - | - | - | €779 | €390 | ▼ 49.9% |
| Furniture and vehicles24 | - | - | - | €6,020 | €20,732 | ▲ 244% |
| Financial fixed assets28 | €1,750 | €4,600 | €4,600 | €4,600 | €4,600 | = |
| Current assets29/58 | €329,519 | €357,132 | €267,548 | €403,517 | €442,222 | ▲ 9.6% |
| Amounts receivable within one year40/41 | €291,750 | €336,963 | €263,495 | €387,296 | €436,443 | ▲ 12.7% |
| Trade receivables40 | - | - | - | €236,323 | €275,188 | ▲ 16.4% |
| Other amounts receivable41 | - | - | - | €150,973 | €161,255 | ▲ 6.8% |
| Current investments50/53 | €37,149 | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | €18,959 | €4,053 | €15,615 | €2,664 | ▼ 82.9% |
| Deferred charges and accrued income490/1 | - | - | - | €606 | €3,115 | ▲ 414% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €411,694 | €416,523 | €296,027 | €414,916 | €467,944 | ▲ 12.8% |
| Equity10/15 | €22,855 | -€41,531 | -€174,615 | -€239,124 | -€457,648 | ▼ 91.4% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €14,795 | -€49,591 | -€182,675 | -€247,184 | -€465,708 | ▼ 88.4% |
| Amounts payable17/49 | €388,839 | €458,054 | €470,642 | €654,040 | €925,592 | ▲ 41.5% |
| Amounts payable after more than one year17 | €16,471 | €8,874 | €1,277 | - | - | - |
| Amounts payable within one year42/48 | €372,368 | €449,180 | €469,365 | €654,040 | €925,592 | ▲ 41.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1,277 | - | - |
| Financial debts43 | - | - | - | €45,353 | €106,000 | ▲ 134% |
| Credit institutions430/8 | - | - | - | €45,353 | €106,000 | ▲ 134% |
| Trade debts44 | €146,873 | €123,949 | €219,323 | €5,969 | €7,585 | ▲ 27.1% |
| Suppliers440/4 | - | - | - | €5,969 | €7,585 | ▲ 27.1% |
| Taxes, remuneration and social security45 | - | - | - | €601,441 | €812,007 | ▲ 35.0% |
| Taxes450/3 | - | - | - | €10,081 | €2,979 | ▼ 70.4% |
| Remuneration and social security454/9 | - | - | - | €591,360 | €809,028 | ▲ 36.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,904 | -€64,386 | -€133,084 | -€64,509 | -€218,524 | ▼ 239% |
| + Depreciation and write-downs630 | €31,176 | €32,562 | €30,912 | €19,822 | €5,349 | ▼ 73.0% |
| Operating cash flow (approximation) | €34,080 | -€31,824 | -€102,172 | -€44,687 | -€213,175 | ▼ 377% |
| Investment in fixed assets (approximation) | - | -€9,778 | €0 | -€2,742 | -€19,672 | ▼ 617% |
| Change in cash | - | - | -€14,906 | €11,562 | -€12,951 | ▼ 212% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
12-11
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · event 28-10-2025
2024
10-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 29-03-2024
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€218,524
Net result drops to -€218,524, the lowest in the series.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 24 days late
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 145 days late
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 109 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 56 days late
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 45 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
2015
23-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
25-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 25 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | EMMANUELLE BOUILLON CHAUSSEE DE LA
HULPE 187, 1170 WATERMAEL-BOITSFORT |
29-03-2024 → 28-10-2025 |
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 794,390 EUR awarded · 794,390 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 578 EUR | 578 EUR |
| 2024 | 2 | 94,081 EUR | 96,123 EUR |
| 2023 | 2 | 392,111 EUR | 391,071 EUR |
| 2022 | 2 | 307,620 EUR | 306,618 EUR |