PRO WORKS
Bankruptcy closedInactive since 24-09-2026; last annual accounts for fiscal year 2020.
Summary
PRO WORKS was declared bankrupt on 30-06-2022 (Ondernemingsrechtbank Brussel); according to the publications in the Belgian State Gazette the procedure is no longer open (latest notice 28-10-2022).
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
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- 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.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- 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
Embed in an article
Writing about this bankruptcy? Put the card of PRO WORKS in your article: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Preview
The preview appears here.
- Stays current: the status follows the register, the figures are those of the latest filed accounts. No Checked score or verdict.
- Light on your page: one small script and one data request, also answered from a cache; no cookies, no tracking.
- Where scripts do not run (a newsletter, a feed reader) a plain link remains.
Signals
1 signal.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, full schema
Turnover
€1.7m▼ 3.8%
2019 · €1.8m
EBIT margin
4.1%▲ 2.1pp
2019 · 1.9%
Net result
€61,305▲ 169%
2019 · €22,751
Working capital
€158,757▲ 16.1%
2019 · €136,685
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
Line201820192020
Turnover€1.8m€1.7m▼ 3.8%
Operating result€85,242-€34,478▼ 59.6%€69,609▲ 102%
Net result€63,047-€22,751▼ 63.9%€61,305▲ 169%
EBIT margin1.9%4.1%▲ 2.1pp
Equity€147,382-€170,134▲ 15.4%€231,439▲ 36.0%
Total assets€469,481-€516,773▲ 10.1%€454,996▼ 12.0%
Debt€322,099-€346,639▲ 7.6%€223,557▼ 35.5%
Working capital€146,533-€136,685▼ 6.7%€158,757▲ 16.1%
Staff (FTE)35.2-
Result per fiscal year
Operating resultNet result
The operating result recovers in 2020; 2020 is 102% above 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €454,996
Fixed assets
€72,681 ▲ 117%
Current assets
€382,314 ▼ 20.9%
Equity and liabilities €454,996
Equity
€231,439 ▲ 36.0%
Debt
€223,557 ▼ 35.5%
Debt's share of the balance-sheet total falls from 67.1% to 49.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€89,284▲
2019 · €47,376
Cash flow
€80,980▲
2019 · €35,650
Current ratio
1.71▲
2019 · 1.39
ROE
26.5%▲
2019 · 13.4%
ROA
13.5%▲
2019 · 4.4%
Debt ≤ 1 year
€223,557▼
2019 · €346,639
Income taxes
€20,435▲
2019 · €10,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | - | €1.8m | €1.7m | ▼ 3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,612 | €12,898 | €19,675 | ▲ 52.5% |
| Gross operating margin9900 | €858,426 | €950,455 | €941,127 | ▼ 1.0% |
| Operating profit (loss)9901 | €85,242 | €34,478 | €69,609 | ▲ 102% |
| Recurring financial income75 | €13,493 | €11 | - | - |
| Recurring financial charges65 | €2,688 | €1,738 | €4,294 | ▲ 147% |
| Profit (loss) for the period before taxes9903 | €96,047 | €32,751 | €81,740 | ▲ 150% |
| Income taxes67/77 | €33,000 | €10,000 | €20,435 | ▲ 104% |
| Profit (loss) for the period9904 | €63,047 | €22,751 | €61,305 | ▲ 169% |
| Profit (loss) for the period to be appropriated9905 | €63,047 | €22,751 | €61,305 | ▲ 169% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €469,481 | €516,773 | €454,996 | ▼ 12.0% |
| Fixed assets21/28 | €937 | €33,449 | €72,681 | ▲ 117% |
| Tangible fixed assets22/27 | €937 | €31,949 | €65,177 | ▲ 104% |
| Financial fixed assets28 | - | €1,500 | €7,505 | ▲ 400% |
| Current assets29/58 | €468,544 | €483,324 | €382,314 | ▼ 20.9% |
| Amounts receivable within one year40/41 | €458,547 | €432,547 | €382,287 | ▼ 11.6% |
| Cash at bank and in hand54/58 | €2 | €6,273 | €27 | ▼ 99.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €469,481 | €516,773 | €454,996 | ▼ 12.0% |
| Equity10/15 | €147,382 | €170,134 | €231,439 | ▲ 36.0% |
| Contributions10/11 | €18,482 | €18,482 | €18,482 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €127,040 | €149,792 | €211,097 | ▲ 40.9% |
| Amounts payable17/49 | €322,099 | €346,639 | €223,557 | ▼ 35.5% |
| Amounts payable within one year42/48 | €322,011 | €346,639 | €223,557 | ▼ 35.5% |
| Trade debts44 | €146,327 | €230,859 | €4,747 | ▼ 97.9% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €63,047 | €22,751 | €61,305 | ▲ 169% |
| + Depreciation and write-downs630 | €2,612 | €12,898 | €19,675 | ▲ 52.5% |
| Operating cash flow (approximation) | €65,659 | €35,650 | €80,980 | ▲ 127% |
| Investment in fixed assets (approximation) | - | -€45,410 | -€58,907 | ▼ 29.7% |
| Change in cash | - | €6,271 | -€6,246 | ▼ 200% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2022
28-10
Bankruptcy
Judicial dissolution, liquidator appointed
Ondernemingsrechtbank Brussel · event 18-01-2022
08-07
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 30-06-2022
2021
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 136 days late
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 496 days late
15-06
Bankruptcy
Judicial dissolution, liquidator appointed
Ondernemingsrechtbank Brussel · event 04-06-2021
2020
31-12
Financial
Equity above €200,000Eq €231,439 ▲36%
3 profitable years in a row build equity to €231,439.
02-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 155 days late
2019
31-12
Financial
Weakest financial yearnet €22,751 ▼63.9%
Net result drops to €22,751, the lowest in the series.
31-12
Financial
Equity above €150,000Eq €170,134 ▲15.4%
2 profitable years in a row build equity to €170,134.
10-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 436 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 8 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 days late
Show earlier events
2015
19-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
27-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
24-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 24 days late
2012
09-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 9 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Brussel
Ground area
227 m²
Building footprint
209 m²
Volume, LiDAR
2,546 m³
Parcel 21813A0302/00F000, Brussels · tallest building 16.1 m, ±5 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21813A0302/00F000 | Brussels | 227 m² | 1 · 209 m² | 16.1 m · 5 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WIM BOLLEN STEENWEG OP SINT-JORIS-WINGE 21,
3200 AARSCHOT |
30-06-2022 → present |