PRO ACTIVE SOLUTIONS
InactiveFrom the official registers: KBO 22 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2023, micro format
Latest annual accounts filed
Annual accounts 2023
- Financial year ended
- 30-09-2023
- Filed on
- 25-01-2024
- Format
- micro format
- Reference
- 2024-00006076
Turnover
≈ €330,000
Estimated: probably between €220,000 and €510,000
Total assets
€579,832▼ 4.7%
2022 · €608,139
Net result
€58,650▲ 473%
2022 · €10,234
Working capital
-€54,335▲ 81.8%
2022 · -€298,606
Trend over the years
2019 to 2023, 5 financial years 2019 to 2023, 5 financial years
The operating result recovers in 2023; 2023 is nearly 4 times 2022 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€82,196
2023
Net result€58,650
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€579,832
2023
Equity€204,367
2023
Debt€375,465
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€54,335
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)1.3
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result€59,893-€43,984▼ 26.6%€31,465▼ 28.5%€20,807▼ 33.9%€82,196▲ 295%
Net result€31,951-€21,527▼ 32.6%€16,937▼ 21.3%€10,234▼ 39.6%€58,650▲ 473%
Equity€132,019-€133,546▲ 1.2%€135,483▲ 1.5%€145,717▲ 7.6%€204,367▲ 40.2%
Total assets€660,627-€683,961▲ 3.5%€655,707▼ 4.1%€608,139▼ 7.3%€579,832▼ 4.7%
Debt€497,452-€519,548▲ 4.4%€489,646▼ 5.8%€432,133▼ 11.7%€375,465▼ 13.1%
Working capital-€226,607--€268,132▼ 18.3%-€282,955▼ 5.5%-€298,606▼ 5.5%-€54,335▲ 81.8%
Staff (FTE)2-2=2=2=1.3▼ 35.0%
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €579,832
Fixed assets
€562,576 ▼ 6.1%
Current assets
€17,256 ▲ 86.4%
Equity and liabilities €579,832
Equity
€204,367 ▲ 40.2%
Provisions
€0 ▼ 100%
Debt
€375,465 ▼ 13.1%
Debt's share of the balance-sheet total falls from 71.1% to 64.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€82,762▲
2022 · €31,608
Cash flow
€59,216▲
2022 · €21,035
Current ratio
0.24▲
2022 · 0.03
Debt to equity
1.84▼
2022 · 2.97
ROE
28.7%▲
2022 · 7.0%
ROA
10.1%▲
2022 · 1.7%
Interest coverage
15.03▲
2022 · 4.82
Debt ≤ 1 year
€71,591▼
2022 · €307,866
Debt > 1 year
€303,874▲
2022 · €122,455
Income taxes
€18,330▲
2022 · €4,307
Staff costs
€67,980▼
2022 · €100,448
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €612 | €144 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | €93,646 | €100,448 | €67,980 | ▼ 32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,495 | €6,164 | €5,770 | €10,801 | €566 | ▼ 94.8% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | -€30,000 | - |
| Other operating charges640/8 | - | - | €13,320 | €4,313 | €10,555 | ▲ 145% |
| Gross operating margin9900 | €132,364 | €133,753 | €144,202 | €136,370 | €131,296 | ▼ 3.7% |
| Operating profit (loss)9901 | €59,893 | €43,984 | €31,465 | €20,807 | €82,196 | ▲ 295% |
| Financial income75/76B | - | - | €769 | - | €1 | - |
| Recurring financial income75 | €2 | €1 | €769 | - | €1 | - |
| Non-recurring financial income76B | - | - | €769 | - | - | - |
| Financial charges65/66B | - | - | €15,606 | €6,554 | €5,505 | ▼ 16.0% |
| Recurring financial charges65 | €17,623 | €16,500 | €15,606 | €6,554 | €5,505 | ▼ 16.0% |
| Profit (loss) for the period before taxes9903 | €46,054 | €27,911 | €16,629 | €14,252 | €76,691 | ▲ 438% |
| Transfer from deferred taxes780 | - | - | €289 | €289 | €289 | = |
| Income taxes67/77 | €12,947 | €6,673 | -€19 | €4,307 | €18,330 | ▲ 326% |
| Profit (loss) for the period9904 | €31,951 | €21,527 | €16,937 | €10,234 | €58,650 | ▲ 473% |
| Transfer from tax-exempt reserves789 | - | - | €1,156 | €1,156 | €1,845 | ▲ 59.6% |
| Profit (loss) for the period to be appropriated9905 | €26,637 | €22,683 | €18,093 | €11,390 | €60,496 | ▲ 431% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €660,627 | €683,961 | €655,707 | €608,139 | €579,832 | ▼ 4.7% |
| Fixed assets21/28 | €609,617 | €618,704 | €609,681 | €598,879 | €562,576 | ▼ 6.1% |
| Tangible fixed assets22/27 | €609,617 | €618,704 | €609,681 | €598,879 | €562,576 | ▼ 6.1% |
| Land and buildings22 | - | - | €561,076 | €561,076 | €561,076 | = |
| Plant, machinery and equipment23 | - | - | €1,833 | €1,666 | €1,500 | ▼ 10.0% |
| Furniture and vehicles24 | - | - | €46,771 | €36,137 | - | - |
| Current assets29/58 | €51,010 | €65,257 | €46,026 | €9,260 | €17,256 | ▲ 86.4% |
| Amounts receivable within one year40/41 | €9,900 | €39,291 | €11,029 | €4,236 | €15,875 | ▲ 275% |
| Trade receivables40 | - | - | €10,876 | €4,122 | €15,875 | ▲ 285% |
| Other amounts receivable41 | - | - | €154 | €113 | - | - |
| Current investments50/53 | €642 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €39,327 | €24,804 | €33,994 | €3,860 | €459 | ▼ 88.1% |
| Deferred charges and accrued income490/1 | - | - | €1,003 | €1,164 | €922 | ▼ 20.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €660,627 | €683,961 | €655,707 | €608,139 | €579,832 | ▼ 4.7% |
| Equity10/15 | €132,019 | €133,546 | €135,483 | €145,717 | €204,367 | ▲ 40.2% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €113,019 | €114,546 | €116,483 | €126,717 | €185,367 | ▲ 46.3% |
| Non-distributable reserves130/1 | - | - | €1,900 | €1,900 | €1,900 | = |
| Reserves not available under the articles1311 | - | - | €1,900 | €1,900 | €1,900 | = |
| Tax-exempt reserves132 | - | - | €3,002 | €1,845 | - | - |
| Distributable reserves133 | - | - | €111,581 | €122,971 | €183,467 | ▲ 49.2% |
| Provisions and deferred taxes16 | €31,156 | €30,867 | €30,578 | €30,289 | - | - |
| Provisions for liabilities and charges160/5 | - | - | €30,000 | €30,000 | - | - |
| Environmental obligations163 | - | - | €30,000 | €30,000 | - | - |
| Deferred taxes168 | - | - | €578 | €289 | - | - |
| Amounts payable17/49 | €497,452 | €519,548 | €489,646 | €432,133 | €375,465 | ▼ 13.1% |
| Amounts payable after more than one year17 | €219,835 | €185,811 | €158,887 | €122,455 | €303,874 | ▲ 148% |
| Financial debts170/4 | - | - | €158,887 | €122,455 | €303,874 | ▲ 148% |
| Amounts payable within one year42/48 | €277,617 | €333,389 | €328,981 | €307,866 | €71,591 | ▼ 76.7% |
| Current portion of amounts payable after more than one year42 | - | - | €39,046 | €36,433 | €31,584 | ▼ 13.3% |
| Trade debts44 | €1,181 | €15,405 | €20,000 | €21,334 | €4,139 | ▼ 80.6% |
| Suppliers440/4 | - | - | - | €1,334 | €4,139 | ▲ 210% |
| Bills of exchange payable441 | - | - | €20,000 | €20,000 | - | - |
| Taxes, remuneration and social security45 | - | - | €45,432 | €29,596 | €35,869 | ▲ 21.2% |
| Taxes450/3 | - | - | €25,967 | €9,802 | €32,524 | ▲ 232% |
| Remuneration and social security454/9 | - | - | €19,465 | €19,794 | €3,344 | ▼ 83.1% |
| Other amounts payable47/48 | - | - | €224,503 | €220,503 | - | - |
| Accrued charges and deferred income492/3 | - | - | €1,778 | €1,812 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,951 | €21,527 | €16,937 | €10,234 | €58,650 | ▲ 473% |
| + Depreciation and write-downs630 | €7,495 | €6,164 | €5,770 | €10,801 | €566 | ▼ 94.8% |
| Operating cash flow (approximation) | €39,446 | €27,691 | €22,707 | €21,035 | €59,216 | ▲ 182% |
| Investment in fixed assets (approximation) | - | -€15,251 | €3,253 | €0 | €35,738 | - |
| Change in cash | - | -€14,523 | €9,190 | -€30,134 | -€3,401 | ▲ 88.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2023 | micro format | 25-01-2024 | 2024-00006076 | |
| 30-09-2022 | micro format | 28-04-2023 | 2023-00075918 | |
| 30-09-2021 | micro format | 15-06-2022 | 2022-20068430 | |
| 30-09-2020 | micro format | 03-05-2021 | 2021-13100067 | |
| 30-09-2019 | micro format | 29-01-2020 | 2020-02900160 | |
| 30-09-2018 | micro format | 04-02-2019 | 2019-04500470 | |
| 30-09-2017 | micro format | 24-01-2018 | 2018-02200357 | |
| 30-09-2016 | full format | 19-05-2017 | 2017-12800522 | |
| 30-09-2015 | full format | 24-03-2016 | 2016-07500079 | |
| 30-09-2014 | full format | 27-02-2015 | 2015-05300050 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.