Losses
The 2019 and 2020 financial years closed with a loss. 2019 was the heaviest.
The 2019 and 2020 financial years closed with a loss. 2019 was the heaviest.
The 2016 accounts came 17 days late. The other eight were filed on time.
Inactive. The last annual accounts are for financial year 2020.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
Total assets20/58 |
6,443 | 71,373 | 25,352 | 44,809 | 118,202 | 124,079 | 138,277 | 121,649 | 85,619 | |
Fixed assets21/28 |
- | - | 1,105 | 13,765 | 58,117 | 74,126 | 93,624 | 74,749 | 53,778 | |
Tangible fixed assets22/27 |
- | - | 1,105 | 13,765 | 58,117 | 74,126 | 93,624 | 74,749 | 53,778 | |
Plant, machinery and equipment23 |
- | - | 1,105 | 3,740 | 39,053 | 43,704 | 55,455 | 60,129 | 35,501 | |
Furniture and vehicles24 |
- | - | - | 2,843 | 4,700 | 4,996 | 1,307 | 2,232 | 1,636 | |
Other tangible fixed assets26 |
- | - | - | - | - | 438 | 918 | 1,398 | 1,878 | |
Current assets29/58 |
6,443 | 71,373 | 24,247 | 31,044 | 60,085 | 49,952 | 44,652 | 46,900 | 31,841 | |
Stocks and contracts in progress3 |
- | - | - | - | 5,504 | 11,321 | 21,278 | 6,040 | 6,834 | |
Stocks30/36 |
- | - | - | - | 5,504 | 11,321 | 2,000 | 3,417 | 6,834 | |
Contracts in progress37 |
- | - | - | - | - | - | 19,278 | 2,624 | - | |
Amounts receivable within one year40/41 |
1,879 | 70,258 | 20,884 | 28,514 | 45,151 | 37,268 | 14,224 | 18,328 | 1,793 | |
Trade receivables40 |
- | 68,264 | 18,671 | 27,914 | 42,360 | 35,880 | 8,016 | 16,429 | 925 | |
Other amounts receivable41 |
1,879 | 1,993 | 2,214 | 599 | 2,790 | 1,388 | 6,208 | 1,899 | 868 | |
Cash at bank and in hand54/58 |
4,564 | 1,115 | 3,362 | 2,195 | 9,095 | 797 | 783 | 22,461 | 23,052 | |
Deferred charges and accrued income490/1 |
- | - | - | 335 | 335 | 566 | 8,368 | 72 | 162 | |
| Balance sheet: equity and liabilities | ||||||||||
Total equity and liabilities10/49 |
6,443 | 71,373 | 25,352 | 44,809 | 118,202 | 124,079 | 138,277 | 121,649 | 85,619 | |
Equity10/15 |
6,443 | 10,883 | 24,259 | 22,120 | 23,216 | 31,672 | 21,270 | 29,511 | 17,870 | |
Contributions10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
Issued capital100 |
- | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
Uncalled capital101 |
- | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
Reserves13 |
1,860 | 4,683 | 18,059 | 15,920 | 17,016 | 25,472 | 15,070 | 23,311 | 11,670 | |
Non-distributable reserves130/1 |
1,860 | - | - | - | - | - | - | - | - | |
Legal reserve130 |
- | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
Reserves not available under the articles1311 |
1,860 | - | - | - | - | - | - | - | - | |
Distributable reserves133 |
- | 2,823 | 16,199 | 14,060 | 15,156 | 23,612 | 13,210 | 21,451 | 9,810 | |
Profit (loss) carried forward14 |
-1,617 | - | - | - | - | - | - | - | - | |
Amounts payable17/49 |
- | 60,490 | 1,093 | 22,688 | 94,985 | 92,406 | 117,007 | 92,138 | 67,749 | |
Amounts payable after more than one year17 |
- | - | - | 1,875 | 17,972 | 26,689 | 54,758 | 42,798 | 41,698 | |
Financial debts170/4 |
- | - | - | 1,875 | 17,972 | 26,689 | 54,758 | 42,798 | 41,698 | |
Amounts payable within one year42/48 |
- | 60,190 | 93 | 19,813 | 75,853 | 64,555 | 61,025 | 48,089 | 25,052 | |
Current portion of amounts payable after more than one year42 |
- | - | - | 8,076 | 18,051 | 28,733 | 27,752 | 16,962 | 11,460 | |
Financial debts43 |
- | - | - | - | - | 14,423 | 22,021 | - | - | |
Credit institutions430/8 |
- | - | - | - | - | 14,423 | 22,021 | - | - | |
Trade debts44 |
- | 60,190 | - | 7,492 | 34,156 | 18,904 | 2,602 | 12,360 | 2,704 | |
Suppliers440/4 |
- | 60,190 | - | 7,492 | 34,156 | 18,904 | 2,602 | 12,360 | 2,704 | |
Taxes, remuneration and social security45 |
- | - | 93 | 4,245 | 23,646 | 2,445 | 8,628 | 18,767 | 10,817 | |
Taxes450/3 |
- | - | 93 | 4,245 | 12,148 | 2,445 | 4,540 | 18,767 | 9,193 | |
Remuneration and social security454/9 |
- | - | - | - | 11,498 | - | 4,088 | - | 1,624 | |
Other amounts payable47/48 |
- | - | - | - | - | 50 | 23 | - | 71 | |
Accrued charges and deferred income492/3 |
- | 300 | 1,000 | 1,000 | 1,160 | 1,162 | 1,224 | 1,251 | 1,000 | |
| Income statement | ||||||||||
Turnover70 |
- | - | - | - | - | - | - | - | 282,868 | |
Non-recurring operating income76A |
- | 395 | 7,405 | 23,938 | - | - | - | - | - | |
Gross operating margin9900 |
-4,499 | -13,242 | 7,229 | 113,136 | 117,180 | 133,521 | 100,406 | 74,142 | 67,134 | |
Goods, raw materials, services and sundry goods60/61 |
- | - | - | - | - | - | - | - | 216,382 | |
Remuneration, social security and pensions62 |
- | - | 1,568 | 94,135 | 88,636 | 82,918 | 73,066 | 34,104 | 32,397 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
- | - | 2,333 | 12,925 | 32,898 | 31,865 | 30,729 | 20,157 | 15,885 | |
Other operating charges640/8 |
55 | 116 | 623 | 1,988 | 2,021 | 2,313 | 1,877 | 430 | 217 | |
Non-recurring operating charges66A |
- | - | - | - | - | - | - | 2,413 | - | |
Operating profit (loss)9901 |
-4,554 | -13,358 | 2,705 | 4,088 | -6,375 | 16,425 | -5,266 | 19,451 | 18,635 | |
Financial income75/76B |
165 | 133 | 88 | 80 | 1,635 | 1,603 | 1,755 | 2,103 | 1,296 | |
Recurring financial income75 |
165 | 133 | 88 | 80 | 1,635 | 1,603 | 1,755 | 2,103 | 1,296 | |
Financial charges65/66B |
51 | 150 | 562 | 4,935 | 3,569 | 5,180 | 4,614 | 3,660 | 4,411 | |
Recurring financial charges65 |
51 | 150 | 562 | 2,598 | 3,569 | 5,180 | 4,614 | 3,660 | 4,411 | |
Non-recurring financial charges66B |
- | - | - | 2,338 | - | - | - | - | - | |
Profit (loss) for the period before taxes9903 |
-4,440 | -13,375 | 2,231 | -766 | -8,309 | 12,848 | -8,125 | 15,481 | 15,519 | |
Income taxes67/77 |
- | - | 93 | 329 | 147 | 2,446 | 116 | 3,840 | 3,850 | |
Profit (loss) for the period9904 |
-4,440 | -13,375 | 2,138 | -1,096 | -8,456 | 10,402 | -8,241 | 11,641 | 11,670 | |
Profit (loss) for the period to be appropriated9905 |
-4,440 | -13,375 | 2,138 | -1,096 | -8,456 | 10,402 | -8,241 | 11,641 | 11,670 | |
| Appropriation of the result | ||||||||||
Profit (loss) to be appropriated9906 |
-4,440 | -13,375 | 2,138 | -1,096 | -8,456 | 10,402 | -8,241 | 11,641 | 11,670 | |
Transfer from equity791/2 |
2,823 | 13,375 | - | 1,096 | 8,456 | - | 8,241 | - | - | |
Transfer to equity691/2 |
- | - | 2,138 | - | - | 10,402 | - | 11,641 | 11,670 | |
To the legal reserve6920 |
- | - | - | - | - | - | - | - | 1,860 | |
To other reserves6921 |
- | - | 2,138 | - | - | 10,402 | - | 11,641 | 9,810 | |
| Social balance sheet | ||||||||||
Average staff (FTE)9087 |
- | - | - | 2.3 | 2.3 | 2 | 2 | 1.5 | 1 | |
Hours worked1013 |
- | - | - | 3,143 | 3,032 | 2,870 | 2,868 | 1,320 | 1,304 | |
| Document | ||||||||||
Source: Annual accounts 2020 (PDF), filed on 17-03-2021.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | micro format | 17-03-2021 | 2021-08100342 | |
| 31-12-2019 | micro format | 18-06-2020 | 2020-19700135 | |
| 31-12-2018 | micro format | 18-06-2019 | 2019-20500420 | |
| 31-12-2017 | micro format | 23-07-2018 | 2018-37100570 | |
| 31-12-2016 | micro format | 17-08-2017 | 2017-44700165 | |
| 31-12-2015 | abbreviated format | 14-06-2016 | 2016-18900042 | |
| 31-12-2014 | abbreviated format | 01-07-2015 | 2015-26600440 | |
| 31-12-2013 | abbreviated format | 17-06-2014 | 2014-18700404 | |
| 31-12-2012 | abbreviated format | 20-06-2013 | 2013-20100103 |
| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | - | - | 5,038 | 17,014 | 26,523 | 48,291 | 25,463 | 39,607 | 34,520 | |
| Cash flow | - | - | 4,471 | 11,829 | 24,442 | 42,268 | 22,488 | 31,798 | 27,555 | |
| Investment in fixed assets | - | - | 11,372 | 3,864 | 16,889 | 12,367 | 49,605 | 47,261 | 69,663 | |
| Change in cash | 3,449 | -2,247 | 1,167 | -6,900 | 8,298 | 15 | -21,678 | -591 | - | |
| Working capital | - | 11,183 | 24,154 | 11,230 | -15,768 | -14,603 | -16,372 | -1,189 | 6,790 | |
| EBIT margin | - | - | - | - | - | - | - | - | 6.6% | |
| Solvency | 100.0% | 15.2% | 95.7% | 49.4% | 19.6% | 25.5% | 15.4% | 24.3% | 20.9% | |
| Current ratio | - | 1.19 | - | 1.57 | 0.79 | 0.77 | 0.73 | 0.98 | 1.27 | |
| Quick ratio | - | 1.19 | - | 1.57 | 0.72 | 0.60 | 0.38 | 0.85 | 1.00 | |
| Debt to equity | - | 5.56 | 0.05 | 1.03 | 4.09 | 2.92 | 5.50 | 3.12 | 3.79 | |
| ROE | -68.9% | -122.9% | 8.8% | -5.0% | -36.4% | 32.8% | -38.7% | 39.4% | 65.3% | |
| ROA | -68.9% | -18.7% | 8.4% | -2.4% | -7.2% | 8.4% | -6.0% | 9.6% | 13.6% | |
| Customer credit | - | - | - | - | - | - | - | - | 1 day | |
| Supplier credit | - | - | - | - | - | - | - | - | 5 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2020 is a loss of €4,554, smaller than the loss of €13,358 in 2019.
PRACA has no parent and no holdings in its annual accounts. JURCABA Krzysztof is the only director. PRACA shares no director with another company.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Articles of association, deed of 27-04-2022 (in Dutch)
PRACA is no longer in the KBO register.
If something looks wrong or is missing, please tell us.