PROBAST

Active

Private limited companyfounded 20196 yrs activeNoordstraat 14, 9990 Maldegem, BelgiumKBO/BCE: BE 0735.766.180

The computed 12-month bankruptcy probability of PROBAST is 5.3% (elevated). The 2024 annual accounts show negative equity (€-18k) and a net result of €-28k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 18936 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

7 / 100

Critical▼ -36 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency33▲+30

Growth32▼-46

Stability100

Bankruptcy probability, 12 months

5.3% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.19 against 0.06 in 2023), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-3%

Return on assets

-4.6%

Age of the figures

20 mo

Negative equity

Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2024

Equity per financial year

2021222324

2020 to 2024 · latest year -€18k

A punctual record breaks

This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

30 d late

2023

1 d early

2022

1 d early

2021

on the day

2020

2 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€-18k

2023 · €10k

2020: €7k 2021: €2k 2022: €6k 2023: €10k

2020 → 2024

Total assets

€596k▲ 208%

2023 · €193k

2020: €41k 2021: €154k 2022: €186k 2023: €193k

2020 → 2024

Net result

€-28k

2023 · €4k

2020: €-3k 2021: €-5k 2022: €4k 2023: €4k

2020 → 2024

Working capital

€-220k▼ 27.2%

2023 · €-173k

2020: €-32k 2021: €-151k 2022: €-179k 2023: €-173k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€7k-€2k▼ 72.0%€6k▲ 210%€10k▲ 61.1%€-18k

Operating result€-3k-€-5k▼ 63.3%€4k€4k▼ 6.8%€-20k

Net result€-3k-€-5k▼ 62.4%€4k€4k▼ 9.8%€-28k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €20k after €4k in 2023, the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €596k

91.1%

Fixed assets €543k▲ 197%

Current assets €53k▲ 400%

Key figures and ratios

2024 value · change against 2023

EBITDA

€592▼

2023 · €21k

Cash flow

€-7k▼

2023 · €21k

Solvency

-3.0%▼

2023 · 5.0%

Current ratio

0.19▲

2023 · 0.06

Quick ratio

0.16▲

2023 · 0.06

Debt / equity

-34.21▼

2023 · 18.95

ROE

154.0%▲

2023 · 37.9%

ROA

-4.6%▼

2023 · 1.9%

Interest coverage

0.08▼

2023 · 166.82

Debt

€614k▲

2023 · €184k

Debt ≤ 1 year

€273k▲

2023 · €184k

Debt > 1 year

€341k

Income taxes

€163▲

2023 · €3

Staff costs

€3k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€193k€596k▲

Fixed assets21/28€183k€543k▲

Tangible fixed assets22/27€183k€543k▲

Land and buildings22€77k€73k▼

Plant, machinery and equipment23€92k€459k▲

Furniture and vehicles24€14k€11k▼

Current assets29/58€11k€53k▲

Stocks and contracts in progress3-€10k

Stocks30/36-€10k

Amounts receivable within one year40/41€8k€17k▲

Trade receivables40€8k€2k▼

Other amounts receivable41€17€15k▲

Cash at bank and in hand54/58€3k€21k▲

Deferred charges and accrued income490/1-€5k

Equity and liabilities

Total equity and liabilities10/49€193k€596k▲

Equity10/15€10k€-18k▼

Contributions10/11€10k€10k=

Profit (loss) carried forward14€-304€-28k▼

Amounts payable17/49€184k€614k▲

Amounts payable after more than one year17-€341k

Financial debts170/4-€341k

Amounts payable within one year42/48€184k€273k▲

Current portion of amounts payable after more than one year42-€9k

Trade debts44€2k€59k▲

Suppliers440/4€2k€59k▲

Advances received on contracts in progress46€150€19k▲

Taxes, remuneration and social security45€4k€3k▼

Taxes450/3€3k€393▼

Remuneration and social security454/9€2k€2k▲

Other amounts payable47/48€177k€183k▲

Accrued charges and deferred income492/3€150€0▼

Income statement Code20232024

Remuneration, social security and pensions62-€3k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€21k▲

Other operating charges640/8€516€516▼

Gross operating margin9900€22k€4k▼

Operating profit (loss)9901€4k€-20k▼

Financial income75/76B€10€98▲

Recurring financial income75€10€98▲

Financial charges65/66B€127€7k▲

Recurring financial charges65€127€7k▲

Profit (loss) for the period before taxes9903€4k€-27k▼

Income taxes67/77€3€163▲

Profit (loss) for the period9904€4k€-28k▼

Profit (loss) for the period to be appropriated9905€4k€-28k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-304€-28k▼

Profit (loss) brought forward from the previous period14P€-4k€-304▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

2025

30-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 30 days late

2024

31-12

Financial Weakest financial yearnet €-28k ▼851%

Net result drops to €-28k, the lowest in the series.

30-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

30-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Back to profitnet €4k

Net result €4k after 2 loss-making years.

31-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

02-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 2 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

Location & real-estate footprint

Registered office, Maldegem · 1 establishment unit since 2019

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Noordstraat 149990 Maldegem

Ground area

318 m²

Building footprint

154 m²

Volume, LiDAR

913 m³