PROCAF
ActiveFinancials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 5 November 2026.
Annual accounts 2024 filed on 25-11-2025 PDF all 14 filings
Turnover
≈ €1,100
Estimated: probably between €550 and €2,400
Total assets
€46,890▼ 17.6%
2023 · €56,911
Net result
-€1,458▲ 81.7%
2023 · -€7,990
Working capital
€39,625▲ 0.6%
2023 · €39,387
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
-€3,439
▲ 69.4%
2024
20182024
Net result
-€1,458
▲ 81.7%
2024
middle half of the sector
20182024
Equity
€43,092
▼ 3.3%
2024
middle half of the sector
20182024
Total assets
€46,890
▼ 17.6%
2024
lowest quarter of the sector
20182024
Debt
€3,798
▼ 69.3%
2024
20182024
Working capital
€39,625
▲ 0.6%
2024
middle half of the sector
20182024
Solvency
91.9%
▲ 13.6pp
2024
highest quarter of the sector
20182024
Current ratio
11.43
▲ 7.00
2024
highest quarter of the sector
20182024
Return on assets (ROA)
-3.1%
▲ 10.9pp
2024
middle half of the sector
20182024
Staff (FTE)
no figure
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result-€18,633--€1,054▲ 94.3%€10,739€5,011▼ 53.3%-€16,355-€11,234▲ 31.3%-€3,439▲ 69.4%
Net result-€15,058-€6,446€14,468within the sector's middle half▲ 124%€7,969within the sector's middle half▼ 44.9%-€12,692below the sector's middle half-€7,990below the sector's middle half▲ 37.0%-€1,458within the sector's middle half▲ 81.7%
Equity€36,349-€42,795▲ 17.7%€57,263within the sector's middle half▲ 33.8%€65,232within the sector's middle half▲ 13.9%€52,540within the sector's middle half▼ 19.5%€44,551within the sector's middle half▼ 15.2%€43,092within the sector's middle half▼ 3.3%
Total assets€55,918-€68,373▲ 22.3%€83,138within the sector's middle half▲ 21.6%€86,702within the sector's middle half▲ 4.3%€86,132within the sector's middle half▼ 0.7%€56,911within the sector's middle half▼ 33.9%€46,890below the sector's middle half▼ 17.6%
Debt€19,569-€25,578▲ 30.7%€25,875▲ 1.2%€21,470▼ 17.0%€33,592▲ 56.5%€12,360▼ 63.2%€3,798▼ 69.3%
Working capital€25,462-€32,827▲ 28.9%€38,164above the sector's middle half▲ 16.3%€50,358above the sector's middle half▲ 32.0%€42,902above the sector's middle half▼ 14.8%€39,387within the sector's middle half▼ 8.2%€39,625within the sector's middle half▲ 0.6%
Solvency65.0%-62.6%▼ 2.4pp68.9%above the sector's middle half▲ 6.3pp75.2%above the sector's middle half▲ 6.4pp61.0%above the sector's middle half▼ 14.2pp78.3%above the sector's middle half▲ 17.3pp91.9%above the sector's middle half▲ 13.6pp
Current ratio2.30-2.28▼ 0.022.47above the sector's middle half▲ 0.193.35above the sector's middle half▲ 0.872.28above the sector's middle half▼ 1.074.43above the sector's middle half▲ 2.1611.43above the sector's middle half▲ 7.00
Return on assets (ROA)-26.9%-9.4%▲ 36.4pp17.4%above the sector's middle half▲ 8.0pp9.2%within the sector's middle half▼ 8.2pp-14.7%below the sector's middle half▼ 23.9pp-14.0%below the sector's middle half▲ 0.7pp-3.1%within the sector's middle half▲ 10.9pp
Staff (FTE)0.7-0.7=1within the sector's middle half▲ 42.9%
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is a loss of €3,439, smaller than the loss of €11,234 in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €46,890
Fixed assets
€3,467 ▼ 42.7%
Current assets
€43,423 ▼ 14.6%
Equity and liabilities €46,890
Equity
€43,092 ▼ 3.3%
Debt
€3,798 ▼ 69.3%
Debt's share of the balance-sheet total falls from 21.7% to 8.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€851▲
2023 · -€9,081
Cash flow
€1,129▲
2023 · -€5,837
Debt to equity
0.09▼
2023 · 0.28
ROE
-3.4%▲
2023 · -17.9%
Interest coverage
-1.15▲
2023 · -41.29
Debt ≤ 1 year
€3,798▼
2023 · €11,469
Income taxes
€74▲
2023 · €57
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2020 |
|---|---|
| Average over the year, in full-time equivalents | 0.1 |
| Joined | 1 |
| Left | 1 |
Source: social balance sheet in the 2020 annual accounts
Investments
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Tangible fixed assets | €12,625 | €756 | - | €3,569 | - |
| Depreciation and write-downs of the year | €3,494 | €4,980 | €1,104 | €2,153 | €2,588 |
Source: notes to the 2020 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €1,734 | - | - | €6,014 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,274 | €3,065 | €3,494 | €4,980 | €1,104 | €2,153 | €2,588 | ▲ 20.2% |
| Other operating charges640/8 | - | - | €860 | €1,173 | €5,103 | €524 | €960 | ▲ 83.1% |
| Gross operating margin9900 | -€4,701 | €17,643 | €16,826 | €11,165 | -€10,148 | -€2,542 | €109 | - |
| Operating profit (loss)9901 | -€18,633 | -€1,054 | €10,739 | €5,011 | -€16,355 | -€11,234 | -€3,439 | ▲ 69.4% |
| Financial income75/76B | - | - | €3,993 | €3,183 | €3,927 | €3,521 | €2,796 | ▼ 20.6% |
| Recurring financial income75 | €4,042 | €3,207 | €3,993 | €3,183 | €3,927 | €3,521 | €2,796 | ▼ 20.6% |
| Financial charges65/66B | - | - | €148 | €107 | €144 | €220 | €742 | ▲ 237% |
| Recurring financial charges65 | €430 | €809 | €148 | €107 | €144 | €220 | €742 | ▲ 237% |
| Profit (loss) for the period before taxes9903 | -€15,020 | €11,618 | €14,584 | €8,086 | -€12,572 | -€7,933 | -€1,384 | ▲ 82.6% |
| Income taxes67/77 | €38 | €5,171 | €116 | €117 | €120 | €57 | €74 | ▲ 30.5% |
| Profit (loss) for the period9904 | -€15,058 | €6,446 | €14,468 | €7,969 | -€12,692 | -€7,990 | -€1,458 | ▲ 81.7% |
| Profit (loss) for the period to be appropriated9905 | -€15,058 | €6,446 | €14,468 | €7,969 | -€12,692 | -€7,990 | -€1,458 | ▲ 81.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €55,918 | €68,373 | €83,138 | €86,702 | €86,132 | €56,911 | €46,890 | ▼ 17.6% |
| Fixed assets21/28 | €10,887 | €9,968 | €19,098 | €14,874 | €9,638 | €6,055 | €3,467 | ▼ 42.7% |
| Tangible fixed assets22/27 | €5,887 | €4,968 | €14,098 | €9,874 | €4,638 | €6,055 | €3,467 | ▼ 42.7% |
| Plant, machinery and equipment23 | - | - | €663 | €405 | €148 | €84 | €33 | ▼ 61.0% |
| Furniture and vehicles24 | - | - | €9,406 | €5,854 | €1,291 | €3,186 | €1,065 | ▼ 66.6% |
| Other tangible fixed assets26 | - | - | €4,030 | €3,615 | €3,200 | €2,784 | €2,369 | ▼ 14.9% |
| Financial fixed assets28 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | - | - | - |
| Current assets29/58 | €45,031 | €58,405 | €64,039 | €71,828 | €76,494 | €50,856 | €43,423 | ▼ 14.6% |
| Amounts receivable within one year40/41 | €41,705 | €42,599 | €58,422 | €48,268 | €75,447 | €50,789 | €43,376 | ▼ 14.6% |
| Trade receivables40 | - | - | - | €3,856 | €1,715 | - | - | - |
| Other amounts receivable41 | - | - | €58,422 | €44,412 | €73,733 | €50,789 | €43,376 | ▼ 14.6% |
| Cash at bank and in hand54/58 | €3,326 | €13,964 | €3,073 | €21,982 | €1,047 | €0 | €2 | ▲ 417% |
| Deferred charges and accrued income490/1 | - | - | €2,544 | €1,578 | - | €67 | €46 | ▼ 31.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €55,918 | €68,373 | €83,138 | €86,702 | €86,132 | €56,911 | €46,890 | ▼ 17.6% |
| Equity10/15 | €36,349 | €42,795 | €57,263 | €65,232 | €52,540 | €44,551 | €43,092 | ▼ 3.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €30,149 | €36,595 | €51,063 | €59,032 | €46,340 | €38,351 | €36,892 | ▼ 3.8% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | €10,500 | €10,500 | €10,500 | €10,500 | €10,500 | = |
| Distributable reserves133 | - | - | €38,703 | €46,672 | €33,980 | €25,991 | €24,532 | ▼ 5.6% |
| Amounts payable17/49 | €19,569 | €25,578 | €25,875 | €21,470 | €33,592 | €12,360 | €3,798 | ▼ 69.3% |
| Amounts payable within one year42/48 | €19,569 | €25,578 | €25,875 | €21,470 | €33,592 | €11,469 | €3,798 | ▼ 66.9% |
| Trade debts44 | €13,143 | €11,126 | €14,146 | €7,324 | €12,751 | €9,216 | €1,983 | ▼ 78.5% |
| Suppliers440/4 | - | - | €14,146 | €7,324 | €12,751 | €9,216 | €1,983 | ▼ 78.5% |
| Taxes, remuneration and social security45 | - | - | €766 | €700 | €7,395 | €2,252 | €1,815 | ▼ 19.4% |
| Taxes450/3 | - | - | €766 | €700 | €6,395 | €1,977 | €1,815 | ▼ 8.2% |
| Remuneration and social security454/9 | - | - | - | - | €1,000 | €275 | - | - |
| Other amounts payable47/48 | - | - | €10,963 | €13,447 | €13,447 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €892 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,058 | €6,446 | €14,468 | €7,969 | -€12,692 | -€7,990 | -€1,458 | ▲ 81.7% |
| + Depreciation and write-downs630 | €1,274 | €3,065 | €3,494 | €4,980 | €1,104 | €2,153 | €2,588 | ▲ 20.2% |
| Operating cash flow (approximation) | -€13,784 | €9,511 | €17,962 | €12,950 | -€11,588 | -€5,837 | €1,129 | - |
| Investment in fixed assets (approximation) | - | -€2,146 | -€12,625 | -€756 | €4,132 | €1,431 | €0 | ▼ 100% |
| Change in cash | - | €10,638 | -€10,891 | €18,909 | -€20,935 | -€1,046 | €1 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,908 companies had the same profile as PROCAF has now. Two years later, 90.9% were still going and 1.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
90.9%
was still going
7.8%
stopped otherwise
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PROCAF itself is higher: 4.5% within 12 months. It rests on far more data about PROCAF than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for PROCAF. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 25-11-2025 | 2025-00571977 | |
| 31-12-2023 | micro format | 25-11-2025 | 2025-00571978 | |
| 31-12-2022 | micro format | 27-09-2023 | 2023-00458498 | |
| 31-12-2021 | micro format | 08-05-2023 | 2023-00083885 | |
| 31-12-2020 | micro format | 06-05-2022 | 2022-20023066 | |
| 31-12-2019 | micro format | 31-10-2020 | 2020-69000332 | |
| 31-12-2018 | micro format | 11-10-2019 | 2019-70500260 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-61300178 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-57200003 | |
| 31-12-2015 | abbreviated format | 28-09-2016 | 2016-62000055 |