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PRO Development

Active
Public limited companyfounded 20196 yrs activeRue des Vergiers 74, 4500 Huy, BelgiumKBO/BCE: BE 0738.771.202
Summary

PRO Development has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68,537 and a net result of €12,737. Equity is shrinking by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 42% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability33▲+21
Solvency45▲+3
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.2 in 2024; short-term debt: 80.4% and cash: 0.6% of total assets), and 80.4% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
19.6%
Return on assets
3.6%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
2 d early
2024
1 d early
2023
3 d early
2022
on the day
2021
3 d early
2020
2 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

PRO Development was incorporated on 5 December 2019 as a Public limited company.1 Total assets fell from EUR 651,031 in 2020 to EUR 349,402 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€68,537▲ 22.8%
2024 · €55,800
Total assets
€349,402▲ 3.7%
2024 · €336,976
Net result
€12,737
2024 · -€17,343
Working capital
€68,537▲ 23.2%
2024 · €55,623
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
Line20212022202320242025
Operating result-€952▲ 46.9%€3,084€95,207▲ 2,987%-€18,001€11,137
Net result-€18,773▼ 228%€2,541€33,099▲ 1,202%-€17,343€12,737
Equity€102,502▼ 15.5%€105,044▲ 2.5%€73,143▼ 30.4%€55,800▼ 23.7%€68,537▲ 22.8%
Total assets€1.7m▲ 161%€452,039▼ 73.4%€180,650▼ 60.0%€336,976▲ 86.5%€349,402▲ 3.7%
Debt€1.6m▲ 202%€346,995▼ 78.3%€107,507▼ 69.0%€281,176▲ 162%€280,865▼ 0.1%
Working capital€102,502▼ 15.5%€105,044▲ 2.5%€72,436▼ 31.0%€55,623▼ 23.2%€68,537▲ 23.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000Operating result 2021: -€952-€952Net result 2021: -€18,773-€18,773Operating result 2022: €3,084€3,084Net result 2022: €2,541€2,541Operating result 2023: €95,207€95,207Net result 2023: €33,099€33,099Operating result 2024: -€18,001-€18,001Net result 2024: -€17,343-€17,343Operating result 2025: €11,137€11,137Net result 2025: €12,737€12,73720212022202320242025-€50,000€0€50,000€100,000Operating result 2023: €95,207€95,200Net result 2023: €33,099€33,100Operating result 2024: -€18,001-€18,000Net result 2024: -€17,343-€17,300Operating result 2025: €11,137€11,100Net result 2025: €12,737€12,700202320242025
The operating result returns to profit in 2025: €11,137 after a loss of €18,001 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €349,402
Equity €68,537 ▲ 22.8%
Debt €280,865 ▼ 0.1%
Debt's share of the balance-sheet total falls from 83.4% to 80.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€11,314▲
2024 · -€17,471
Cash flow
€12,914▲
2024 · -€16,813
Current ratio
1.24▲
2024 · 1.20
Quick ratio
1.20▲
2024 · 1.16
Debt to equity
4.10▼
2024 · 5.04
ROE
18.6%▲
2024 · -31.1%
ROA
3.6%▲
2024 · -5.1%
Interest coverage
1.11▲
2024 · -20.03
Debt ≤ 1 year
€280,865▼
2024 · €281,176
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,270 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
2.1% went bankrupt
2.5% stopped otherwise
95% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,270 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€336,976€349,402▲
Fixed assets21/28€177-
Tangible fixed assets22/27€177-
Furniture and vehicles24€177-
Current assets29/58€336,799€349,402▲
Stocks and contracts in progress3€12,000€12,000=
Stocks30/36€12,000€12,000=
Amounts receivable within one year40/41€319,083€335,353▲
Trade receivables40€718-
Other amounts receivable41€318,365€335,353▲
Cash at bank and in hand54/58€5,717€2,049▼
Equity and liabilities
Total equity and liabilities10/49€336,976€349,402▲
Equity10/15€55,800€68,537▲
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Profit (loss) carried forward14-€6,200€6,537▲
Amounts payable17/49€281,176€280,865▼
Amounts payable within one year42/48€281,176€280,865▼
Financial debts43€230,000€230,000=
Credit institutions430/8€230,000€230,000=
Trade debts44€2,661€2,858▲
Suppliers440/4€2,661€2,858▲
Taxes, remuneration and social security45€6,919€6,919=
Taxes450/3€6,919€6,919=
Other amounts payable47/48€41,596€41,088▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€530€177▼
Other operating charges640/8€2,220€1,990▼
Gross operating margin9900-€15,251€13,303▲
Operating profit (loss)9901-€18,001€11,137▲
Financial income75/76B€1,530€11,802▲
Recurring financial income75€1,530€11,802▲
Financial charges65/66B€872€10,202▲
Recurring financial charges65€872€10,202▲
Profit (loss) for the period before taxes9903-€17,343€12,737▲
Profit (loss) for the period9904-€17,343€12,737▲
Profit (loss) for the period to be appropriated9905-€17,343€12,737▲
Appropriation of the result
Profit (loss) to be appropriated9906-€6,200€6,537▲
Profit (loss) brought forward from the previous period14P€11,143-€6,200▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€353€530€177▼ 66.7%
Other operating charges640/8-€1,017€44€2,220€1,990▼ 10.4%
Gross operating margin9900-€166€4,100€95,605-€15,251€13,303▲ 187%
Operating profit (loss)9901-€952€3,084€95,207-€18,001€11,137▲ 162%
Financial income75/76B-€49-€1,530€11,802▲ 671%
Recurring financial income75-€49-€1,530€11,802▲ 671%
Financial charges65/66B-€592€57,469€872€10,202▲ 1,070%
Recurring financial charges65€17,822€592€57,469€872€10,202▲ 1,070%
Profit (loss) for the period before taxes9903-€18,773€2,541€37,738-€17,343€12,737▲ 173%
Income taxes67/77--€4,639---
Profit (loss) for the period9904-€18,773€2,541€33,099-€17,343€12,737▲ 173%
Profit (loss) for the period to be appropriated9905-€18,773€2,541€33,099-€17,343€12,737▲ 173%
Line20212022202320242025Change
Assets
Total assets20/58€1.7m€452,039€180,650€336,976€349,402▲ 3.7%
Fixed assets21/28--€707€177--
Tangible fixed assets22/27--€707€177--
Furniture and vehicles24--€707€177--
Current assets29/58€1.7m€452,039€179,943€336,799€349,402▲ 3.7%
Stocks and contracts in progress3€1.7m€304,356-€12,000€12,000=
Stocks30/36-€304,356-€12,000€12,000=
Amounts receivable within one year40/41€17,686€35,220€119,458€319,083€335,353▲ 5.1%
Trade receivables40-€718€1,570€718--
Other amounts receivable41-€34,502€117,887€318,365€335,353▲ 5.3%
Cash at bank and in hand54/58€27,808€112,463€60,485€5,717€2,049▼ 64.2%
Equity and liabilities
Total equity and liabilities10/49€1.7m€452,039€180,650€336,976€349,402▲ 3.7%
Equity10/15€102,502€105,044€73,143€55,800€68,537▲ 22.8%
Contributions10/11€127,000€127,000€62,000€62,000€62,000=
Capital10-€127,000€62,000€62,000€62,000=
Issued capital100-€127,000€62,000€62,000€62,000=
Profit (loss) carried forward14-€24,498-€21,956€11,143-€6,200€6,537▲ 205%
Amounts payable17/49€1.6m€346,995€107,507€281,176€280,865▼ 0.1%
Amounts payable within one year42/48€1.6m€346,995€107,507€281,176€280,865▼ 0.1%
Financial debts43-€82,412-€230,000€230,000=
Credit institutions430/8-€82,412-€230,000€230,000=
Trade debts44€299,330€30,818€23,646€2,661€2,858▲ 7.4%
Suppliers440/4-€30,818€23,646€2,661€2,858▲ 7.4%
Taxes, remuneration and social security45-€13,036€18,861€6,919€6,919=
Taxes450/3-€13,036€18,861€6,919€6,919=
Other amounts payable47/48-€220,728€65,000€41,596€41,088▼ 1.2%
Line20212022202320242025Change
Profit (loss) for the period9904-€18,773€2,541€33,099-€17,343€12,737▲ 173%
+ Depreciation and write-downs630--€353€530€177▼ 66.7%
Operating cash flow (approximation)-€18,773€2,541€33,453-€16,813€12,914▲ 177%
Investment in fixed assets (approximation)---€0--
Change in cash-€84,655-€51,978-€54,769-€3,668▲ 93.3%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
29-01
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial Back to profitnet €12,737
Net result €12,737 after one loss-making year.
30-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
28-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial Highest result since 2020net €33,099 ▲1,202%
Operating result €95,207, net result €33,099, both a record.
31-01
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial Back to profitnet €2,541
Net result €2,541 after 2 loss-making years.
28-01
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial Weakest financial yearnet -€18,773
Net result drops to -€18,773, the lowest in the series; recovery starts the following year.
02-02
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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
Registered office, Huy · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
731 m²
Building footprint
245 m²
Volume, LiDAR
1,290 m³
Parcel 61031B0666/00V005, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
ProDev
Rue des Vergiers 74, 4500 HuyReal estate development
since 20202.297.925.743
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
61031B0666/00V005 Wallonia 731 m² 1 · 245 m² 7.2 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 5,195 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded05-12-2019
Fiscal year end30-06
Abbreviation FR ProDev
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID 0208:0738771202
Also 9925:BE0738771202
Registered 15-09-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.