Active BE 0891.397.435Public limited company

PRO Leather

Industriestrasse 26 ·4700 Eupen, Belgium· 18 yrs active

Sector: Wholesale trade (46240)

Conclusion Checked

The computed 12-month bankruptcy probability of PRO Leather is 1.1% (low). The 2019 annual accounts show equity of €1.09M and a net result of €-1.09M. The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€1.09M
Net result	€-1.09M
Staff (FTE)	2.7
Active	18 yrs

Snowflake analysis 5 axes · computed by Checked

32 / 100

Fragile profile, watch profitability in particular.

Health 7

Profitability 0

Solvency 25

Growth 29

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.1% Low

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +Long track record −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 3 signals

Established

Founded in 2007, 18 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2019 · computed

7 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 30-10-2020 with the NBB · fiscal year 2019 · volledig

RevenueOperating resultNet result

Revenue

€14.26M

-3.7% 18-19

EBITDA

€-967k

- 18-19

Net profit

€-1.09M

- 18-19

Cash flow

€-1.08M

- 18-19

Total assets

€14.19M

+1.3% 18-19

Equity

€1.09M

-56.9% 18-19

Working capital

€993k

-26.6% 18-19

Employees (FTE)

3

+58.8% 18-19

Income taxes

€700

-98.2% 18-19

Debt

€13.10M

+14.1% 18-19

Debt ≤ 1y

€9.54M

-2.9% 18-19

Debt > 1y

€3.56M

+117.8% 18-19

Current ratio

1.10

-2.9% 18-19

Quick ratio

0.18

-29.0% 18-19

Solvency

7.7%

-57.5% 18-19

Debt / equity

3.28

+405.4% 18-19

ROE

-100.4%

- 18-19

ROA

-7.7%

- 18-19

Net margin

-7.6%

- 18-19

EBITDA margin

-6.8%

- 18-19

Interest coverage

-2.81

- 18-19

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2019
Revenue	€14.26M
EBITDA	€-967k
Net profit	€-1.09M
Cash flow	€-1.08M
Staff costs	-
Income taxes	€700
Dividends	-
Total assets	€14.19M
Equity	€1.09M
Debt	€13.10M
of which ≤ 1y	€9.54M
of which > 1y	€3.56M
Working capital	€993k
Employees (FTE)	2.7

Ratios (computed)

	2019
Current ratio	1.10
Quick ratio	0.18
Working capital ratio	7.0%
Solvency	7.7%
Debt / equity	3.28
Long-term debt ratio	3.28
Interest coverage	-2.81
Gross margin	-
Net margin	-7.6%
ROA	-7.7%
ROE	-100.4%
EBITDA margin	-6.8%
Days sales outstanding	39d
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €3.65M · 25.8% Current assets €10.54M · 74.3%

Equity & liabilities

Equity €1.09M · 7.7% Debt €13.10M · 92.3%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2019
Balance sheet, Assets
TOTAL ASSETS	20/58	€14.19M
Fixed assets	21/28	€3.65M
Intangible fixed assets	21	€2k
Tangible fixed assets	22/27	€33k
Financial fixed assets	28	€3.62M
Current assets	29/58	€10.54M
Stocks & contracts in progress	3	€8.87M
Amounts receivable within one year	40/41	€1.54M
Cash & bank	54/58	€13k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€14.19M
Equity	10/15	€1.09M
Contributions / capital	10/11	€1.60M
Reserves	13	€559k
Accumulated profits (losses)	14	€-1.07M
Amounts payable	17/49	€13.10M
Amounts payable after one year	17	€3.56M
Amounts payable within one year	42/48	€9.54M
Trade debts payable within one year	44	€2.27M
Income statement
Turnover	70	€14.26M
Operating result	9901	€-977k
Financial income	75	€34k
Financial charges	65	€492k
Result before taxes	9903	€-1.43M
Income taxes	67/77	€700
Net result for the period	9904	€-1.44M
Result to be appropriated	9905	€-1.44M

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Ratios computed by Checked.

Legal Structure

NACE primary	Wholesale trade(46240)
Legal form	Public limited company(014)
Incorporation	13-08-2007
Status	Active
Postal code	4700

Establishment units 1 location

PRO Leather

Buschbergerweg 96, 4700 EupenGroothandel in huiden, vellen en leer

since 20072.202.091.921

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2020

30-10-2020