PROBAL
ActiveSummary
PROBAL has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47,230 and a net result of €15,337. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 52% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74
Solvency70▼-27
Growth85▲+7
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 1.82 against 3.59 in 2024; short-term debt: 54.9% and cash: 49.4% of total assets), but 54.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.1%
Return on assets
14.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
329 d late
2023
2 d early
2022
27 d early
2021
29 d early
2020
12 d late
2019
37 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 41 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€130,862
2023 · €0
EBIT margin
16.0%▼ 47.7pp
2022 · 63.7%
Net result
€15,337
2023 · €0
Working capital
€47,230▲ 48.1%
2024 · €31,885
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€4,000€0▼ 100%€130,862
Operating result-€1,461€2,548€0▼ 100%€20,895
Net result€334within the sector's middle half▼ 98.1%€3,678within the sector's middle half▲ 1,002%€0within the sector's middle half▼ 100%€15,337within the sector's middle half
EBIT margin63.7%16.0%
Equity€28,208within the sector's middle half▲ 1.2%€31,885within the sector's middle half▲ 13.0%€20,515within the sector's middle half▼ 35.7%€31,885within the sector's middle half▲ 55.4%€47,230within the sector's middle half▲ 48.1%
Total assets€38,054below the sector's middle half▲ 4.8%€44,194below the sector's middle half▲ 16.1%€20,515below the sector's middle half▼ 53.6%€44,194below the sector's middle half▲ 115%€104,759within the sector's middle half▲ 137%
Debt€9,846▲ 16.8%€12,308▲ 25.0%€0▼ 100%€12,308€57,528▲ 367%
Working capital€28,208▲ 1.2%€31,885▲ 13.0%€20,515▼ 35.7%€31,885▲ 55.4%€47,230▲ 48.1%
Solvency74.1%above the sector's middle half▼ 2.7pp72.1%above the sector's middle half▼ 2.0pp100.0%above the sector's middle half▲ 27.9pp72.1%above the sector's middle half▼ 27.9pp45.1%within the sector's middle half▼ 27.1pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €20,895 in 2025, compared with €0 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €104,759
Equity
€47,230 ▲ 48.1%
Debt
€57,528 ▲ 367%
Debt's share of the balance-sheet total rises from 27.9% to 54.9%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.82▼
2024 · 3.59
Debt to equity
1.22▲
2024 · 0.39
ROE
32.5%
ROA
14.6%
Debt ≤ 1 year
€57,528▲
2024 · €12,308
Income taxes
€5,400
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 31,349 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €4,000 | €0 | - | €130,862 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €757 | €0 | - | €107,555 | - |
| Other operating charges640/8 | €0 | €695 | €0 | - | €2,412 | - |
| Gross operating margin9900 | -€1,461 | €3,243 | €0 | - | €23,307 | - |
| Operating profit (loss)9901 | -€1,461 | €2,548 | €0 | - | €20,895 | - |
| Financial income75/76B | €1,999 | €2,394 | €0 | - | - | - |
| Recurring financial income75 | €1,999 | €2,394 | €0 | - | - | - |
| Financial charges65/66B | €85 | €13 | €0 | - | €158 | - |
| Recurring financial charges65 | €85 | €13 | €0 | - | €158 | - |
| Profit (loss) for the period before taxes9903 | €454 | €4,929 | €0 | - | €20,737 | - |
| Income taxes67/77 | €120 | €1,251 | - | - | €5,400 | - |
| Profit (loss) for the period9904 | €334 | €3,678 | €0 | - | €15,337 | - |
| Profit (loss) for the period to be appropriated9905 | €334 | €3,678 | €0 | - | €15,337 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38,054 | €44,194 | €20,515 | €44,194 | €104,759 | ▲ 137% |
| Current assets29/58 | €38,054 | €44,194 | €20,515 | €44,194 | €104,759 | ▲ 137% |
| Amounts receivable within one year40/41 | €38,030 | €44,162 | €20,483 | €44,162 | €52,983 | ▲ 20.0% |
| Trade receivables40 | €4,516 | €5,656 | €0 | €5,656 | - | - |
| Other amounts receivable41 | €33,514 | €38,506 | €20,483 | €38,506 | €52,983 | ▲ 37.6% |
| Cash at bank and in hand54/58 | €24 | €32 | €32 | €32 | €51,775 | ▲ 162,204% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38,054 | €44,194 | €20,515 | €44,194 | €104,759 | ▲ 137% |
| Equity10/15 | €28,208 | €31,885 | €20,515 | €31,885 | €47,230 | ▲ 48.1% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | €20,000 | - | - | - | - | - |
| Issued capital100 | €20,000 | - | - | - | - | - |
| Outside capital11 | - | - | - | €20,000 | €20,000 | = |
| Other1109/19 | - | - | - | €20,000 | €20,000 | = |
| Reserves13 | €507 | €507 | €515 | €507 | €515 | ▲ 1.6% |
| Non-distributable reserves130/1 | €25 | €25 | €32 | €25 | €33 | ▲ 32.0% |
| Legal reserve130 | €25 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €25 | €32 | €25 | €33 | ▲ 32.0% |
| Distributable reserves133 | €482 | €482 | €483 | €482 | €482 | = |
| Profit (loss) carried forward14 | €7,701 | €11,378 | €0 | €11,378 | €26,715 | ▲ 135% |
| Amounts payable17/49 | €9,846 | €12,308 | €0 | €12,308 | €57,528 | ▲ 367% |
| Amounts payable within one year42/48 | €9,846 | €12,308 | €0 | €12,308 | €57,528 | ▲ 367% |
| Financial debts43 | - | - | - | - | €45,800 | - |
| Credit institutions430/8 | €0 | - | - | - | €45,800 | - |
| Trade debts44 | €1,544 | €816 | €0 | €816 | €4,384 | ▲ 437% |
| Suppliers440/4 | €1,544 | €816 | €0 | €816 | €4,384 | ▲ 437% |
| Taxes, remuneration and social security45 | €120 | €1,250 | €0 | €1,250 | €7,344 | ▲ 488% |
| Taxes450/3 | €120 | €1,250 | €0 | €1,250 | €7,344 | ▲ 488% |
| Other amounts payable47/48 | €8,182 | €10,242 | - | €10,242 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €334 | €3,678 | €0 | - | €15,337 | - |
| Operating cash flow (approximation) | €334 | €3,678 | €0 | - | €15,337 | - |
| Change in cash | - | €8 | €0 | -€0 | €51,743 | ▲ 51,743,310% |
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
Next filing, fiscal year 2026, expected by
2026
25-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 329 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Back to profitnet €17,921
Net result €17,921 after 2 loss-making years.
06-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 37 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2016
09-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 131 days late
2015
07-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
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, Ukkel · 1 establishment unit since 2002
Ground area
2,248 m²
Building footprint
841 m²
Volume, LiDAR
16,267 m³
Parcel 21618B0385/00K003, Brussels · tallest building 24.0 m, ±7 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Alpen Agency
since 20022.114.586.340
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21618B0385/00K003 | Brussels | 2,248 m² | 1 · 841 m² | 23.9 m · 7 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.
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Of 1,307 companies in sector 46423 we hold annual accounts for 810. 514 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded27-06-2002
Fiscal year end31-12
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
46411Wholesale trade
46419Wholesale trade
47519Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477851593
Also
9925:BE0477851593
Registered
08-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.