Pro Tech Services
ActiveFinancials · financial year 2025, full format
2025 annual accounts filed 63 days after the deadline Filed on 2 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00548450.
Annual accounts 2025 filed on 02-10-2026 at the NBB all 8 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€47,608▲ 59.5%
2024 · -€117,585
Working capital
-€95
2024 · €46,760
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€47,650
▲ 59.4%
2025
20182025
Net result
-€47,608
▲ 59.5%
2025
lowest quarter of the sector
20182025
Equity
€3,976
▼ 92.3%
2025
lowest quarter of the sector
20182025
Total assets
€14,973
▼ 82.3%
2025
lowest quarter of the sector
20182025
Debt
€10,997
▼ 66.8%
2025
20182025
Working capital
-€95
2025
lowest quarter of the sector
20182025
Solvency
26.6%
▼ 34.3pp
2025
middle half of the sector
20182025
Current ratio
0.99
▼ 1.42
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-318.0%
▼ 179.2pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€78,067-€47,817▼ 38.7%€12,868▼ 73.1%€120,535▲ 837%€24,609▼ 79.6%-€36,478-€117,235▼ 221%-€47,650▲ 59.4%
Net result€53,833-€35,553▼ 34.0%€9,267within the sector's middle half▼ 73.9%€86,841within the sector's middle half▲ 837%€18,714within the sector's middle half▼ 78.5%-€36,876below the sector's middle half-€117,585below the sector's middle half▼ 219%-€47,608below the sector's middle half▲ 59.5%
Equity€77,170-€112,723▲ 46.1%€121,991within the sector's middle half▲ 8.2%€187,332within the sector's middle half▲ 53.6%€206,046within the sector's middle half▲ 10.0%€169,170within the sector's middle half▼ 17.9%€51,584below the sector's middle half▼ 69.5%€3,976below the sector's middle half▼ 92.3%
Total assets€145,391-€135,091▼ 7.1%€144,852below the sector's middle half▲ 7.2%€227,817below the sector's middle half▲ 57.3%€321,450below the sector's middle half▲ 41.1%€258,829below the sector's middle half▼ 19.5%€84,727below the sector's middle half▼ 67.3%€14,973below the sector's middle half▼ 82.3%
Debt€68,221-€22,368▼ 67.2%€22,861▲ 2.2%€40,485▲ 77.1%€115,404▲ 185%€89,660▼ 22.3%€33,142▼ 63.0%€10,997▼ 66.8%
Working capital€72,601-€110,439▲ 52.1%€120,915within the sector's middle half▲ 9.5%€181,106within the sector's middle half▲ 49.8%€176,913within the sector's middle half▼ 2.3%€147,042within the sector's middle half▼ 16.9%€46,760below the sector's middle half▼ 68.2%-€95below the sector's middle half
Solvency53.1%-83.4%▲ 30.4pp84.2%above the sector's middle half▲ 0.8pp82.2%above the sector's middle half▼ 2.0pp64.1%within the sector's middle half▼ 18.1pp65.4%within the sector's middle half▲ 1.3pp60.9%within the sector's middle half▼ 4.5pp26.6%within the sector's middle half▼ 34.3pp
Current ratio2.06-5.94▲ 3.876.29above the sector's middle half▲ 0.355.47above the sector's middle half▼ 0.824.93above the sector's middle half▼ 0.544.64above the sector's middle half▼ 0.282.42within the sector's middle half▼ 2.230.99below the sector's middle half▼ 1.42
Return on assets (ROA)37.0%-26.3%▼ 10.7pp6.4%within the sector's middle half▼ 19.9pp38.1%above the sector's middle half▲ 31.7pp5.8%within the sector's middle half▼ 32.3pp-14.2%below the sector's middle half▼ 20.1pp-138.8%below the sector's middle half▼ 124.5pp-318.0%below the sector's middle half▼ 179.2pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €47,650, smaller than the loss of €117,235 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14,973
Fixed assets
€4,172 ▼ 15.3%
Current assets
€10,801 ▼ 86.5%
Equity and liabilities €14,973
Equity
€3,976 ▼ 92.3%
Debt
€10,997 ▼ 66.8%
Debt's share of the balance-sheet total rises from 39.1% to 73.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€46,897▲
2024 · -€115,531
Cash flow
-€46,855▲
2024 · -€115,881
Debt to equity
2.77▲
2024 · 0.64
Interest coverage
-177.64▼
2024 · -156.95
Debt ≤ 1 year
€10,896▼
2024 · €33,041
A ratio outside any meaningful range has been withheld (balance sheet total €14,973, equity €3,976).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,495 | €118,718 | €3,014 | - | - |
| Financial fixed assets | €3,150 | - | - | - | - |
| Depreciation and write-downs of the year | €507 | €25,438 | €31,083 | €1,704 | €753 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2024 · 2 entries · €3,000 awarded · €3,000 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €0 | €3,000 |
| 2023 | 1 | €3,000 | €0 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €2,700 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,285 | €2,285 | €2,321 | €507 | €25,438 | €31,083 | €1,704 | €753 | ▼ 55.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €27,372 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | - | - | €779 | - |
| Other operating charges640/8 | - | - | - | €746 | €434 | €501 | €14,300 | - | - |
| Gross operating margin9900 | €82,233 | €50,965 | €15,476 | €121,788 | €50,481 | -€4,894 | -€101,231 | -€18,746 | ▲ 81.5% |
| Operating profit (loss)9901 | €78,067 | €47,817 | €12,868 | €120,535 | €24,609 | -€36,478 | -€117,235 | -€47,650 | ▲ 59.4% |
| Financial income75/76B | - | - | - | €535 | €150 | €677 | €534 | €306 | ▼ 42.7% |
| Recurring financial income75 | €1,769 | €2,264 | €198 | €535 | €150 | €677 | €534 | €306 | ▼ 42.7% |
| Financial charges65/66B | - | - | - | €77 | €787 | €742 | €736 | €264 | ▼ 64.1% |
| Recurring financial charges65 | €189 | €72 | €78 | €77 | €787 | €742 | €736 | €264 | ▼ 64.1% |
| Profit (loss) for the period before taxes9903 | €79,647 | €50,010 | €12,987 | €120,993 | €23,972 | -€36,542 | -€117,437 | -€47,608 | ▲ 59.5% |
| Income taxes67/77 | €25,814 | €14,456 | €3,720 | €34,152 | €5,258 | €334 | €148 | - | - |
| Profit (loss) for the period9904 | €53,833 | €35,553 | €9,267 | €86,841 | €18,714 | -€36,876 | -€117,585 | -€47,608 | ▲ 59.5% |
| Profit (loss) for the period to be appropriated9905 | €53,833 | €35,553 | €9,267 | €86,841 | €18,714 | -€36,876 | -€117,585 | -€47,608 | ▲ 59.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €145,391 | €135,091 | €144,852 | €227,817 | €321,450 | €258,829 | €84,727 | €14,973 | ▼ 82.3% |
| Fixed assets21/28 | €4,569 | €2,285 | €1,087 | €6,225 | €99,506 | €71,437 | €4,925 | €4,172 | ▼ 15.3% |
| Tangible fixed assets22/27 | €4,569 | €2,285 | €1,087 | €3,075 | €96,356 | €68,287 | €1,775 | €1,022 | ▼ 42.4% |
| Plant, machinery and equipment23 | - | - | - | €713 | €338 | €0 | - | - | - |
| Furniture and vehicles24 | - | - | - | €2,363 | €96,018 | €68,287 | €1,775 | €1,022 | ▼ 42.4% |
| Financial fixed assets28 | - | - | - | €3,150 | €3,150 | €3,150 | €3,150 | €3,150 | = |
| Current assets29/58 | €140,821 | €132,807 | €143,765 | €221,591 | €221,944 | €187,392 | €79,801 | €10,801 | ▼ 86.5% |
| Amounts receivable after more than one year29 | - | - | - | €8,153 | €24,293 | €18,442 | €0 | - | - |
| Other amounts receivable291 | - | - | - | €8,153 | €24,293 | €18,442 | €0 | - | - |
| Amounts receivable within one year40/41 | €112,490 | €126,294 | €44,873 | €138,912 | €127,653 | €138,066 | €64,265 | €10,600 | ▼ 83.5% |
| Trade receivables40 | - | - | - | €122,733 | €107,204 | €127,050 | €57,305 | - | - |
| Other amounts receivable41 | - | - | - | €16,178 | €20,450 | €11,016 | €6,960 | €10,600 | ▲ 52.3% |
| Cash at bank and in hand54/58 | €28,203 | €2,778 | €82,832 | €72,855 | €67,056 | €24,996 | €13,592 | €201 | ▼ 98.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,672 | €2,943 | €5,889 | €1,944 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €145,391 | €135,091 | €144,852 | €227,817 | €321,450 | €258,829 | €84,727 | €14,973 | ▼ 82.3% |
| Equity10/15 | €77,170 | €112,723 | €121,991 | €187,332 | €206,046 | €169,170 | €51,584 | €3,976 | ▼ 92.3% |
| Contributions10/11 | €500 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | - | - | - | - | €18,600 | - |
| Issued capital100 | - | - | - | - | - | - | - | €18,600 | - |
| Contributions outside capital11 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Other1109/19 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €76,670 | €94,123 | €103,391 | €168,732 | €187,446 | €187,446 | €187,446 | €187,446 | = |
| Non-distributable reserves130/1 | - | - | - | €50 | €50 | €0 | - | €187,446 | - |
| Legal reserve130 | - | - | - | - | - | - | - | €187,446 | - |
| Reserves not available under the articles1311 | - | - | - | €50 | €50 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €168,682 | €187,396 | €187,446 | €187,446 | - | - |
| Profit (loss) carried forward14 | - | - | - | - | - | -€36,876 | -€154,462 | -€202,070 | ▼ 30.8% |
| Amounts payable17/49 | €68,221 | €22,368 | €22,861 | €40,485 | €115,404 | €89,660 | €33,142 | €10,997 | ▼ 66.8% |
| Amounts payable after more than one year17 | - | - | - | - | €70,272 | €48,824 | €0 | - | - |
| Financial debts170/4 | - | - | - | - | €70,272 | €48,824 | €0 | - | - |
| Amounts payable within one year42/48 | €68,221 | €22,368 | €22,849 | €40,485 | €45,032 | €40,350 | €33,041 | €10,896 | ▼ 67.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €21,295 | €21,448 | €0 | - | - |
| Trade debts44 | €23,909 | €1,656 | €1,629 | €4,710 | €4,816 | €5,354 | €4,748 | €4,048 | ▼ 14.8% |
| Suppliers440/4 | - | - | - | €4,710 | €4,816 | €5,354 | €4,748 | €4,048 | ▼ 14.8% |
| Taxes, remuneration and social security45 | - | - | - | €14,275 | €11,662 | €11,627 | €25,270 | €1,959 | ▼ 92.2% |
| Taxes450/3 | - | - | - | €14,275 | €11,662 | €11,627 | €25,270 | €1,959 | ▼ 92.2% |
| Other amounts payable47/48 | - | - | - | €21,500 | €7,258 | €1,921 | €3,023 | €4,889 | ▲ 61.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €101 | €485 | €101 | €101 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,833 | €35,553 | €9,267 | €86,841 | €18,714 | -€36,876 | -€117,585 | -€47,608 | ▲ 59.5% |
| + Depreciation and write-downs630 | €2,285 | €2,285 | €2,321 | €507 | €25,438 | €31,083 | €1,704 | €753 | ▼ 55.8% |
| Operating cash flow (approximation) | €56,117 | €37,838 | €11,589 | €87,348 | €44,152 | -€5,793 | -€115,881 | -€46,855 | ▲ 59.6% |
| Investment in fixed assets (approximation) | - | €0 | -€1,124 | -€5,645 | -€118,718 | -€3,014 | €64,807 | €0 | ▼ 100.0% |
| Change in cash | - | -€25,426 | €80,054 | -€9,977 | -€5,799 | -€42,060 | -€11,404 | -€13,391 | ▼ 17.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,294 companies had the same profile as Pro Tech Services has now. Two years later, 89.6% were still going and 4.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
89.6%
was still going
5.9%
stopped otherwise
4.1%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Pro Tech Services itself: 2.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,294 companies, not a prediction for Pro Tech Services. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 02-10-2026 | 2026-00548450 | |
| 31-12-2024 | abbreviated format | 09-07-2025 | 2025-00254920 | |
| 31-12-2023 | abbreviated format | 08-07-2024 | 2024-00239966 | |
| 31-12-2022 | abbreviated format | 12-07-2023 | 2023-00233617 | |
| 31-12-2021 | abbreviated format | 07-07-2022 | 2022-20160892 | |
| 31-12-2020 | abbreviated format | 04-03-2021 | 2021-06800322 | |
| 31-12-2019 | abbreviated format | 23-07-2020 | 2020-33100487 | |
| 31-12-2018 | micro format | 14-02-2020 | 2020-04900587 |