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PRO Leather

Bankruptcy
Public limited companyfounded 2007Industriestrasse 26, 4700 Eupen, BelgiumKBO/BCE: BE 0891.397.435
Summary

The KBO register records for PRO Leather the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2019 annual accounts show equity of €1.1m and a net result of -€1.4m.

Are you a creditor?

Open bankruptcy Source: KBO register

The KBO register records a bankruptcy for this company. If it owes you money, you are not paid automatically: you file your claim yourself.

The procedure

The publication of the judgment is not in our data. Court, date and curator are in RegSol: search by the enterprise number.

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company

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Signals

1 signal.
+raises risk
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
Checked, nothing found (1)
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 Leather was incorporated on 13 August 2007.1 The company has filed 12 sets of annual accounts, the latest for fiscal year 2019.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2019, full schema

Turnover
€14.3m▼ 3.7%
2018 · €14.8m
EBIT margin
-6.9%▼ 9.3pp
2018 · 2.4%
Net result
-€1.4m
2018 · €37,355
Working capital
€993,161▼ 26.6%
2018 · €1.4m
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
Line20182019
Turnover€14.8m-€14.3m▼ 3.7%
Operating result€356,933--€976,991
Net result€37,355--€1.4m
EBIT margin2.4%--6.9%▼ 9.3pp
Equity€2.5m-€1.1m▼ 56.9%
Total assets€14.0m-€14.2m▲ 1.3%
Debt€11.5m-€13.1m▲ 14.1%
Working capital€1.4m-€993,161▼ 26.6%
Staff (FTE)1.7-2.7▲ 58.8%
Result per fiscal year
Operating resultNet result
-€1.5m-€1.0m-€500,000€0€500,000Operating result 2018: €356,933€356,933Net result 2018: €37,355€37,355Operating result 2019: -€976,991-€976,991Net result 2019: -€1.4m-€1.4m20182019-€1.5m-€1m-€500,000€0€500,000Operating result 2018: €356,933€357,000Net result 2018: €37,355€37,400Operating result 2019: -€976,991-€977,000Net result 2019: -€1.4m-€1.4m20182019
The operating result turns negative in 2019: a loss of €976,991 after €356,933 in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €14.2m
Fixed assets €3.7m ▲ 29.3%
Current assets €10.5m ▼ 5.8%
Equity and liabilities €14.2m
Equity €1.1m ▼ 56.9%
Debt €13.1m ▲ 14.1%
Debt's share of the balance-sheet total rises from 82.0% to 92.3%. Equity is lower and debt is higher.
Key figures and ratios
2019 value · change against 2018
EBITDA
-€967,302▼
2018 · €422,912
Cash flow
-€1.4m▼
2018 · €103,334
Current ratio
1.10▼
2018 · 1.14
Quick ratio
0.18▼
2018 · 0.25
Debt to equity
3.28▲
2018 · 0.65
ROE
-132.1%▼
2018 · 1.5%
ROA
-10.1%▼
2018 · 0.3%
Interest coverage
-2.81▼
2018 · 1.49
Debt ≤ 1 year
€9.5m▼
2018 · €9.8m
Debt > 1 year
€3.6m▲
2018 · €1.6m
Income taxes
€700▼
2018 · €38,264
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2019 against 2018 · 28 lines
Balance sheet Code20182019
Assets
Total assets20/58€14.0m€14.2m▲
Fixed assets21/28€2.8m€3.7m▲
Intangible fixed assets21-€2,162
Tangible fixed assets22/27€470,337€33,099▼
Financial fixed assets28€2.4m€3.6m▲
Current assets29/58€11.2m€10.5m▼
Stocks and contracts in progress3€8.8m€8.9m▲
Amounts receivable within one year40/41€2.3m€1.5m▼
Cash at bank and in hand54/58€43,747€13,410▼
Equity and liabilities
Total equity and liabilities10/49€14.0m€14.2m▲
Equity10/15€2.5m€1.1m▼
Contributions10/11€1.6m€1.6m=
Reserves13€576,884€559,189▼
Profit (loss) carried forward14€344,874-€1.1m▼
Amounts payable17/49€11.5m€13.1m▲
Amounts payable after more than one year17€1.6m€3.6m▲
Amounts payable within one year42/48€9.8m€9.5m▼
Trade debts44€2.4m€2.3m▼
Income statement Code20182019
Turnover70€14.8m€14.3m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65,979€9,689▼
Operating profit (loss)9901€356,933-€976,991▼
Recurring financial income75€63,984€34,197▼
Recurring financial charges65€345,298€491,738▲
Debt charges650€283,015€344,493▲
Profit (loss) for the period before taxes9903€75,619-€1.4m▼
Income taxes67/77€38,264€700▼
Profit (loss) for the period9904€37,355-€1.4m▼
Profit (loss) for the period to be appropriated9905-€158,550-€1.4m▼
Line20182019Change
Turnover70€14.8m€14.3m▼ 3.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65,979€9,689▼ 85.3%
Operating profit (loss)9901€356,933-€976,991▼ 374%
Recurring financial income75€63,984€34,197▼ 46.6%
Recurring financial charges65€345,298€491,738▲ 42.4%
Debt charges650€283,015€344,493▲ 21.7%
Profit (loss) for the period before taxes9903€75,619-€1.4m▼ 1,997%
Income taxes67/77€38,264€700▼ 98.2%
Profit (loss) for the period9904€37,355-€1.4m▼ 3,942%
Profit (loss) for the period to be appropriated9905-€158,550-€1.4m▼ 805%
Line20182019Change
Assets
Total assets20/58€14.0m€14.2m▲ 1.3%
Fixed assets21/28€2.8m€3.7m▲ 29.3%
Intangible fixed assets21-€2,162-
Tangible fixed assets22/27€470,337€33,099▼ 93.0%
Financial fixed assets28€2.4m€3.6m▲ 53.7%
Current assets29/58€11.2m€10.5m▼ 5.8%
Stocks and contracts in progress3€8.8m€8.9m▲ 1.2%
Amounts receivable within one year40/41€2.3m€1.5m▼ 31.9%
Cash at bank and in hand54/58€43,747€13,410▼ 69.3%
Equity and liabilities
Total equity and liabilities10/49€14.0m€14.2m▲ 1.3%
Equity10/15€2.5m€1.1m▼ 56.9%
Contributions10/11€1.6m€1.6m=
Reserves13€576,884€559,189▼ 3.1%
Profit (loss) carried forward14€344,874-€1.1m▼ 411%
Amounts payable17/49€11.5m€13.1m▲ 14.1%
Amounts payable after more than one year17€1.6m€3.6m▲ 118%
Amounts payable within one year42/48€9.8m€9.5m▼ 2.9%
Trade debts44€2.4m€2.3m▼ 4.3%
Line20182019Change
Profit (loss) for the period9904€37,355-€1.4m▼ 3,942%
+ Depreciation and write-downs630€65,979€9,689▼ 85.3%
Operating cash flow (approximation)€103,334-€1.4m▼ 1,480%
Investment in fixed assets (approximation)--€838,191-
Change in cash--€30,337-

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

2020
30-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
01-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
27-09
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
28-12
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 150 days late
2016
22-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 22 days late
2015
22-06
NBB filing Annual accounts filed
fiscal year 2014 · full schema
2014
16-09
NBB filing Annual accounts filed
fiscal year 2013 · full schema · 47 days late
2013
31-10
NBB filing Annual accounts filed
fiscal year 2012 · full schema · 92 days late
2012
21-10
NBB filing Annual accounts filed
fiscal year 2011 · full schema · 82 days late
2011
17-08
NBB filing Annual accounts filed
fiscal year 2010 · full schema · 17 days late
NBB filing
0 of 10 acts read
About the unread acts

We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
10 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, Eupen · 1 establishment unit since 2007
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Industriestrasse 264700 Eupen
1 establishment unit
PRO Leather
Buschbergerweg 96, 4700 EupenNACE 51240
since 20072.202.091.921

Recognitions · licences · registrations

Legal Entity Identifier

9676002NFRKZXWLTFJ49
no longer live in the LEI register

Similar companies · same sector, comparable size

Of 31 companies in sector 46240 we hold annual accounts for 23. 17 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
Founded13-08-2007
Fiscal year end31-12
Activities, NACEBEL 2025
46240Wholesale trade
15110Manufacture of leather and related products
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 28 September 2026 · Peppol Directory

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