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PROBAS

Active
Private limited companyfounded 2020active for 5 yearsVaartstraat 164, 2490 Balen, BelgiumKBO/BCE: BE 0757.565.941
Summary

PROBAS has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€57,890) and a net result of -€36,165. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 11,012 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).

Financials · financial year 2025, abbreviated format

Equity
-€57,890▼ 166%
2024 · -€21,725
Total assets
€490,976▲ 10.2%
2024 · €445,516
Net result
-€36,165▼ 179%
2024 · -€12,954
Working capital
-€56,982
2024 · €280,166
Trend over the years

2021 to 2025, 5 financial years

The operating result stays negative: a loss of €51,921 in 2025 against €18,760 in 2024; the loss grows and 2025 has the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€0.05m 2025 Net result-€0.04m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20212022202320242025
Operating result-€0.02m--€0.01m▲ 42.1%€0.02m-€0.02m-€0.05m▼ 177%
Net result-€0.02mbelow the sector's middle half-€0.004mwithin the sector's middle half€0.01mwithin the sector's middle half▲ 149%-€0.01mwithin the sector's middle half-€0.04mbelow the sector's middle half▼ 179%
Equity-€0.02mbelow the sector's middle half--€0.02mbelow the sector's middle half▲ 18.1%-€0.009mbelow the sector's middle half▲ 55.0%-€0.02mbelow the sector's middle half▼ 148%-€0.06mbelow the sector's middle half▼ 166%
Total assets€1.1mwithin the sector's middle half-€2.7mwithin the sector's middle half▲ 152%€0.4mbelow the sector's middle half▼ 84.4%€0.4mbelow the sector's middle half▲ 7.3%€0.5mbelow the sector's middle half▲ 10.2%
Debt€1.1m-€2.7m▲ 148%€0.4m▼ 84.2%€0.5m▲ 10.2%€0.5m▲ 17.5%
Working capital-€0.03mwithin the sector's middle half--€0.02mwithin the sector's middle half▲ 15.5%-€0.01mwithin the sector's middle half▲ 54.1%€0.3mwithin the sector's middle half-€0.06mwithin the sector's middle half
Solvency-2.3%below the sector's middle half--0.7%below the sector's middle half▲ 1.5pp-2.1%below the sector's middle half▼ 1.4pp-4.9%below the sector's middle half▼ 2.8pp-11.8%below the sector's middle half▼ 6.9pp
Current ratio0.97within the sector's middle half-0.99within the sector's middle half▲ 0.020.97within the sector's middle half▼ 0.022.72within the sector's middle half▲ 1.750.90within the sector's middle half▼ 1.83
Return on assets (ROA)-2.3%below the sector's middle half-0.2%within the sector's middle half▲ 2.4pp2.6%within the sector's middle half▲ 2.4pp-2.9%below the sector's middle half▼ 5.5pp-7.4%below the sector's middle half▼ 4.5pp
Staff (FTE)1within the sector's middle half1within the sector's middle half=1within the sector's middle half
above within below the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €490,976
Fixed assets €916 ▼ 67.4%
Current assets €490,061 ▲ 10.7%
Equity and liabilities
Equity-€57,890
Debt€548,866
Equity is negative: debt (€548,866) exceeds the balance-sheet total (€490,976).
Key figures and ratios
2025 value · change against 2024
EBITDA
-€50,025▼
2024 · -€16,757
Cash flow
-€34,268▼
2024 · -€10,952
Interest coverage
-4.75▼
2024 · -0.90
Debt ≤ 1 year
€547,042▲
2024 · €162,538
Staff costs
€40,571▲
2024 · €642
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,564 companies that looked in July 2024 the way this one looks now, 5.1% went bankrupt within 24 months and 88.9% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a small loss
5.1% went bankrupt
5.4% stopped otherwise
88.9% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,564 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€445,516€490,976▲
Fixed assets21/28€2,813€916▼
Tangible fixed assets22/27€2,813€916▼
Furniture and vehicles24€2,813€916▼
Current assets29/58€442,703€490,061▲
Amounts receivable within one year40/41€439,310€488,539▲
Trade receivables40€6,500€34,700▲
Other amounts receivable41€432,810€453,839▲
Cash at bank and in hand54/58€1,825€489▼
Deferred charges and accrued income490/1€1,568€1,033▼
Equity and liabilities
Total equity and liabilities10/49€445,516€490,976▲
Equity10/15-€21,725-€57,890▼
Contributions10/11€100€100=
Profit (loss) carried forward14-€21,825-€57,990▼
Amounts payable17/49€467,241€548,866▲
Amounts payable after more than one year17€300,000-
Financial debts170/4€300,000-
Amounts payable within one year42/48€162,538€547,042▲
Financial debts43-€300,000
Credit institutions430/8-€300,000
Trade debts44€80,784€81,219▲
Suppliers440/4€80,784€81,219▲
Taxes, remuneration and social security45-€3,211
Remuneration and social security454/9-€3,211
Other amounts payable47/48€81,754€162,612▲
Accrued charges and deferred income492/3€4,703€1,824▼
Income statement Code20242025
Remuneration, social security and pensions62€642€40,571▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,003€1,897▼
Other operating charges640/8€1,173€10,587▲
Gross operating margin9900-€14,941€1,133▲
Operating profit (loss)9901-€18,760-€51,921▼
Financial income75/76B€24,475€26,291▲
Recurring financial income75€24,475€26,291▲
Financial charges65/66B€18,669€10,535▼
Recurring financial charges65€18,669€10,535▼
Profit (loss) for the period before taxes9903-€12,954-€36,165▼
Profit (loss) for the period9904-€12,954-€36,165▼
Profit (loss) for the period to be appropriated9905-€12,954-€36,165▼
Appropriation of the result
Profit (loss) to be appropriated9906-€21,825-€57,990▼
Profit (loss) brought forward from the previous period14P-€8,870-€21,825▼
Social balance sheet
Average headcount (FTE)9087-1.0

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62-€32,792€27,293€642€40,571▲ 6,215%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€491€1,513€2,003€2,003€1,897▼ 5.3%
Other operating charges640/8€1,426€582€1,176€1,173€10,587▲ 802%
Gross operating margin9900-€19,322€22,583€54,921-€14,941€1,133-
Operating profit (loss)9901-€21,238-€12,304€24,450-€18,760-€51,921▼ 177%
Financial income75/76B-€19,755-€24,475€26,291▲ 7.4%
Recurring financial income75-€19,755-€24,475€26,291▲ 7.4%
Financial charges65/66B€2,677€3,145€12,678€18,669€10,535▼ 43.6%
Recurring financial charges65€2,677€3,145€12,678€18,669€10,535▼ 43.6%
Profit (loss) for the period before taxes9903-€23,915€4,306€11,772-€12,954-€36,165▼ 179%
Income taxes67/77--€1,034---
Profit (loss) for the period9904-€23,915€4,306€10,738-€12,954-€36,165▼ 179%
Profit (loss) for the period to be appropriated9905-€23,915€4,306€10,738-€12,954-€36,165▼ 179%
Line20212022202320242025Change
Assets
Total assets20/58€1.1m€2.7m€0.4m€0.4m€0.5m▲ 10.2%
Fixed assets21/28€0.007m€0.007m€0.005m€0.003m€0.001m▼ 67.4%
Tangible fixed assets22/27€0.007m€0.007m€0.005m€0.003m€0.001m▼ 67.4%
Furniture and vehicles24€0.007m€0.007m€0.005m€0.003m€0.001m▼ 67.4%
Current assets29/58€1.0m€2.7m€0.4m€0.4m€0.5m▲ 10.7%
Stocks and contracts in progress3€0.05m-----
Contracts in progress37€0.05m-----
Amounts receivable within one year40/41€0.9m€1.5m€0.4m€0.4m€0.5m▲ 11.2%
Trade receivables40€0.05m€1.0m€0.3m€0.007m€0.03m▲ 434%
Other amounts receivable41€0.9m€0.4m€0.09m€0.4m€0.5m▲ 4.9%
Cash at bank and in hand54/58€0.09m€0.008m€0.005m€0.002m€489▼ 73.2%
Deferred charges and accrued income490/1-€1.2m€461€0.002m€0.001m▼ 34.1%
Equity and liabilities
Total equity and liabilities10/49€1.1m€2.7m€0.4m€0.4m€0.5m▲ 10.2%
Equity10/15-€0.02m-€0.02m-€0.009m-€0.02m-€0.06m▼ 166%
Contributions10/11€100€100€100€100€100=
Profit (loss) carried forward14-€0.02m-€0.02m-€0.009m-€0.02m-€0.06m▼ 166%
Amounts payable17/49€1.1m€2.7m€0.4m€0.5m€0.5m▲ 17.5%
Amounts payable after more than one year17---€0.3m--
Financial debts170/4---€0.3m--
Amounts payable within one year42/48€1.1m€2.7m€0.4m€0.2m€0.5m▲ 237%
Financial debts43€0.3m€0.3m€0.3m-€0.3m-
Credit institutions430/8€0.3m€0.3m€0.3m-€0.3m-
Trade debts44€0.1m€0.4m€0.1m€0.08m€0.08m▲ 0.5%
Suppliers440/4€0.1m€0.4m€0.1m€0.08m€0.08m▲ 0.5%
Taxes, remuneration and social security45€0.4m€0.004m€0.003m-€0.003m-
Taxes450/3€0.4m-€0.001m---
Remuneration and social security454/9-€0.004m€0.002m-€0.003m-
Other amounts payable47/48€0.3m€2.0m-€0.08m€0.2m▲ 98.9%
Accrued charges and deferred income492/3€0.001m€0.001m€0.002m€0.005m€0.002m▼ 61.2%
Line20212022202320242025Change
Profit (loss) for the period9904-€23,915€4,306€10,738-€12,954-€36,165▼ 179%
+ Depreciation and write-downs630€491€1,513€2,003€2,003€1,897▼ 5.3%
Operating cash flow (approximation)-€23,424€5,819€12,741-€10,952-€34,268▼ 213%
Investment in fixed assets (approximation)--€1,789€0€0€0-
Change in cash--€85,664-€3,363-€2,910-€1,336▲ 54.1%

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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Filings with the National Bank (5)
Financial year Type Filed Reference
31-12-2025 abbreviated format 17-07-2026 2026-00311387
31-12-2024 abbreviated format 17-07-2025 2025-00285873
31-12-2023 abbreviated format 17-07-2024 2024-00255424
31-12-2022 abbreviated format 31-07-2023 2023-00296236
31-12-2021 abbreviated format 31-08-2022 2022-20400252

Similar companies · same sector, comparable size

Of the 1,270 active companies whose main activity is development of non-residential building projects (NACE 68122), figures are known for 900. 125 are within a factor 10 of this headcount. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.