PROCA
InactivePROCA was declared bankrupt on 04-02-2025 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 13-01-2026, published in the Belgian State Gazette on 19-01-2026.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
61 d late
2022
30 d late
2021
78 d late
2020
136 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 8 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2023, abbreviated schema
Turnover
€195,360▼ 52.9%
2022 · €415,167
EBIT margin
1.0%▲ 3.7pp
2022 · -2.7%
Net result
-€14,255▼ 23.5%
2022 · -€11,541
Working capital
€30,979▲ 878%
2022 · €3,169
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
Line2020202120222023
Turnover€195,128-€473,219▲ 143%€415,167▼ 12.3%€195,360▼ 52.9%
Operating result€34,351-€29,404▼ 14.4%-€11,316€1,961
Net result€26,416-€24,589▼ 6.9%-€11,541-€14,255▼ 23.5%
EBIT margin17.6%-6.2%▼ 11.4pp-2.7%▼ 8.9pp1.0%▲ 3.7pp
Equity€41,416-€66,005▲ 59.4%€54,464▼ 17.5%€40,209▼ 26.2%
Total assets€145,847-€215,043▲ 47.4%€131,803▼ 38.7%€55,744▼ 57.7%
Debt€104,431-€149,038▲ 42.7%€77,339▼ 48.1%€15,535▼ 79.9%
Working capital€1,186--€29,122€3,169€30,979▲ 878%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €1,961 after a loss of €11,316 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €55,744
Fixed assets
€17,564 ▼ 76.2%
Current assets
€38,180 ▼ 34.3%
Equity and liabilities €55,744
Equity
€40,209 ▼ 26.2%
Debt
€15,535 ▼ 79.9%
Debt's share of the balance-sheet total falls from 58.7% to 27.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€16,580▲
2022 · €12,804
Cash flow
€364▼
2022 · €12,579
Current ratio
5.30▲
2022 · 1.06
Debt to equity
0.39▼
2022 · 1.42
ROE
-35.5%▼
2022 · -21.2%
ROA
-25.6%▼
2022 · -8.8%
Interest coverage
1.02▲
2022 · 0.93
Debt ≤ 1 year
€7,201▼
2022 · €54,974
Debt > 1 year
€8,334▼
2022 · €22,365
Income taxes
€421
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Turnover70 | €195,128 | €473,219 | €415,167 | €195,360 | ▼ 52.9% |
| Goods, raw materials, services and sundry goods60/61 | - | €412,380 | €402,261 | €178,780 | ▼ 55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,745 | €31,334 | €24,120 | €14,619 | ▼ 39.4% |
| Other operating charges640/8 | - | €101 | €102 | - | - |
| Gross operating margin9900 | €53,096 | €60,839 | €12,906 | €16,580 | ▲ 28.5% |
| Operating profit (loss)9901 | €34,351 | €29,404 | -€11,316 | €1,961 | ▲ 117% |
| Financial income75/76B | - | - | €13,607 | €381 | ▼ 97.2% |
| Recurring financial income75 | - | - | €13,607 | €381 | ▼ 97.2% |
| Financial charges65/66B | - | €2,255 | €13,832 | €16,176 | ▲ 16.9% |
| Recurring financial charges65 | €1,237 | €2,255 | €13,832 | €16,176 | ▲ 16.9% |
| Profit (loss) for the period before taxes9903 | €33,114 | €27,149 | -€11,541 | -€13,834 | ▼ 19.9% |
| Income taxes67/77 | €6,698 | €2,560 | - | €421 | - |
| Profit (loss) for the period9904 | €26,416 | €24,589 | -€11,541 | -€14,255 | ▼ 23.5% |
| Profit (loss) for the period to be appropriated9905 | €26,416 | €24,589 | -€11,541 | -€14,255 | ▼ 23.5% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €145,847 | €215,043 | €131,803 | €55,744 | ▼ 57.7% |
| Fixed assets21/28 | €84,387 | €158,527 | €73,660 | €17,564 | ▼ 76.2% |
| Tangible fixed assets22/27 | €83,887 | €158,027 | €73,022 | €17,046 | ▼ 76.7% |
| Plant, machinery and equipment23 | - | €634 | €1,549 | €1,163 | ▼ 24.9% |
| Furniture and vehicles24 | - | €157,393 | €71,473 | €15,883 | ▼ 77.8% |
| Financial fixed assets28 | €500 | €500 | €638 | €518 | ▼ 18.8% |
| Current assets29/58 | €61,460 | €56,516 | €58,143 | €38,180 | ▼ 34.3% |
| Amounts receivable within one year40/41 | €33,888 | €53,631 | €56,598 | €36,832 | ▼ 34.9% |
| Trade receivables40 | - | €38,805 | €46,924 | €36,118 | ▼ 23.0% |
| Other amounts receivable41 | - | €14,826 | €9,674 | €714 | ▼ 92.6% |
| Cash at bank and in hand54/58 | €27,572 | €2,885 | €1,545 | €1,348 | ▼ 12.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €145,847 | €215,043 | €131,803 | €55,744 | ▼ 57.7% |
| Equity10/15 | €41,416 | €66,005 | €54,464 | €40,209 | ▼ 26.2% |
| Contributions10/11 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Reserves13 | €26,416 | €51,005 | €51,005 | €51,005 | = |
| Distributable reserves133 | - | €51,005 | €51,005 | €51,005 | = |
| Profit (loss) carried forward14 | - | - | -€11,541 | -€25,796 | ▼ 124% |
| Amounts payable17/49 | €104,431 | €149,038 | €77,339 | €15,535 | ▼ 79.9% |
| Amounts payable after more than one year17 | €44,157 | €63,400 | €22,365 | €8,334 | ▼ 62.7% |
| Financial debts170/4 | - | €63,400 | €22,365 | €8,334 | ▼ 62.7% |
| Amounts payable within one year42/48 | €60,274 | €85,638 | €54,974 | €7,201 | ▼ 86.9% |
| Current portion of amounts payable after more than one year42 | - | €22,738 | €12,862 | €5,221 | ▼ 59.4% |
| Trade debts44 | €10,890 | €27,663 | €34,552 | €1,266 | ▼ 96.3% |
| Suppliers440/4 | - | €27,663 | €34,552 | €1,266 | ▼ 96.3% |
| Taxes, remuneration and social security45 | - | €2,560 | €2,560 | €714 | ▼ 72.1% |
| Taxes450/3 | - | €2,560 | €2,560 | €714 | ▼ 72.1% |
| Other amounts payable47/48 | - | €32,677 | €5,000 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,416 | €24,589 | -€11,541 | -€14,255 | ▼ 23.5% |
| + Depreciation and write-downs630 | €18,745 | €31,334 | €24,120 | €14,619 | ▼ 39.4% |
| Operating cash flow (approximation) | €45,161 | €55,923 | €12,579 | €364 | ▼ 97.1% |
| Investment in fixed assets (approximation) | - | -€105,474 | €60,747 | €41,477 | ▼ 31.7% |
| Change in cash | - | -€24,687 | -€1,340 | -€197 | ▲ 85.3% |
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
2026
19-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 13-01-2026
2025
10-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 04-02-2025
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet -€14,255
Net result drops to -€14,255, the lowest in the series.
31-12
Financial
Liquidity times 5current ratio 5.30
Current ratio from 1.06 to 5.30; short-term debt falls from €54,974 to €7,201.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 78 days late
2021
17-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalFinancial 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEFAN SNEPVANGERS GROTE STEENWEG 154,
2600 BERCHEM (ANTWERPEN) |
04-02-2025 → 13-01-2026 |