Procare
ActiveSummary
Procare has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.3m and a net result of €55,278. Equity remains stable across the filed fiscal years (±0.2% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability53▲+14
Solvency90▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €400,000 at 30 days acceptable
Liquidity ample (current ratio 12.96 against 13.41 in 2023; short-term debt: 2.7% and cash: 0.5% of total assets), and 35.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
64.9%
Return on assets
0.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-06-2025, 56 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
56 d early
2023
50 d early
2022
52 d early
2021
143 d early
2020
37 d early
2019
129 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 78 days before 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
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Financials · fiscal year 2024, abbreviated schema
Equity
€5.3m▲ 1.1%
2023 · €5.2m
Total assets
€8.1m▼ 1.9%
2023 · €8.3m
Net result
€55,278▲ 12.1%
2023 · €49,327
Working capital
€2.7m▼ 7.0%
2023 · €2.9m
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
Line20202021202220232024
Operating result€42,729€67,606▲ 58.2%-€42,571-€7,097▲ 83.3%€29,410
Net result€27,294€38,138▲ 39.7%-€187,044€49,327€55,278▲ 12.1%
Equity€5.3m▲ 0.5%€5.3m▲ 0.7%€5.2m▼ 3.5%€5.2m▲ 1.0%€5.3m▲ 1.1%
Total assets€7.6m▼ 1.0%€7.6m▼ 0.9%€8.4m▲ 11.4%€8.3m▼ 2.0%€8.1m▼ 1.9%
Debt€2.3m▼ 4.4%€2.2m▼ 4.6%€3.3m▲ 47.4%€3.1m▼ 6.8%€2.8m▼ 6.9%
Working capital€4.7m▼ 11.9%€4.4m▼ 6.7%€3.0m▼ 31.9%€2.9m▼ 5.0%€2.7m▼ 7.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €29,410 after a loss of €7,097 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.1m
Fixed assets
€5.2m ▲ 1.0%
Current assets
€2.9m ▼ 6.7%
Equity and liabilities €8.1m
Equity
€5.3m ▲ 1.1%
Debt
€2.8m ▼ 6.9%
Debt's share of the balance-sheet total falls from 36.9% to 35.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€218,595▲
2023 · €175,555
Cash flow
€244,463▲
2023 · €231,979
Current ratio
12.96▼
2023 · 13.41
Debt to equity
0.54▼
2023 · 0.59
ROE
1.0%▲
2023 · 0.9%
ROA
0.7%▲
2023 · 0.6%
Interest coverage
3.98▲
2023 · -3.90
Debt ≤ 1 year
€222,056▼
2023 · €229,917
Debt > 1 year
€2.6m▼
2023 · €2.8m
Income taxes
€41,995▲
2023 · €28,258
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 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,970 | €53,295 | €149,360 | €182,652 | €189,185 | ▲ 3.6% |
| Other operating charges640/8 | - | - | €1,786 | €2,782 | €1,145 | ▼ 58.8% |
| Non-recurring operating charges66A | - | - | - | - | €12,932 | - |
| Gross operating margin9900 | €99,800 | €121,017 | €108,575 | €178,337 | €232,672 | ▲ 30.5% |
| Operating profit (loss)9901 | €42,729 | €67,606 | -€42,571 | -€7,097 | €29,410 | ▲ 514% |
| Financial income75/76B | - | - | €12,235 | €39,672 | €122,752 | ▲ 209% |
| Recurring financial income75 | €28,238 | €16,588 | €12,235 | €39,672 | €122,752 | ▲ 209% |
| Financial charges65/66B | - | - | €138,014 | -€45,011 | €54,889 | ▲ 222% |
| Recurring financial charges65 | €25,190 | €27,019 | €138,014 | -€45,011 | €54,889 | ▲ 222% |
| Profit (loss) for the period before taxes9903 | €45,778 | €57,174 | -€168,350 | €77,585 | €97,273 | ▲ 25.4% |
| Income taxes67/77 | €18,484 | €19,036 | €18,694 | €28,258 | €41,995 | ▲ 48.6% |
| Profit (loss) for the period9904 | €27,294 | €38,138 | -€187,044 | €49,327 | €55,278 | ▲ 12.1% |
| Profit (loss) for the period to be appropriated9905 | €27,294 | €38,138 | -€187,044 | €49,327 | €55,278 | ▲ 12.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.6m | €7.6m | €8.4m | €8.3m | €8.1m | ▼ 1.9% |
| Fixed assets21/28 | €2.8m | €3.0m | €5.2m | €5.2m | €5.2m | ▲ 1.0% |
| Tangible fixed assets22/27 | €2.8m | €3.0m | €5.2m | €5.2m | €5.2m | ▲ 1.0% |
| Land and buildings22 | - | - | €3.4m | €3.6m | €3.6m | ▼ 2.1% |
| Plant, machinery and equipment23 | - | - | €425 | - | €939 | - |
| Other tangible fixed assets26 | - | - | €1.6m | €1.5m | €1.5m | ▼ 1.3% |
| Assets under construction and advance payments27 | - | - | €240,880 | - | €149,144 | - |
| Financial fixed assets28 | €375 | €375 | €375 | €375 | - | - |
| Current assets29/58 | €4.8m | €4.5m | €3.2m | €3.1m | €2.9m | ▼ 6.7% |
| Amounts receivable after more than one year29 | - | - | €275,000 | €150,000 | - | - |
| Other amounts receivable291 | - | - | €275,000 | €150,000 | - | - |
| Amounts receivable within one year40/41 | €302,377 | €437,286 | €202,156 | €475,675 | €331,155 | ▼ 30.4% |
| Trade receivables40 | - | - | €2,156 | €675 | €1,155 | ▲ 71.2% |
| Other amounts receivable41 | - | - | €200,000 | €475,000 | €330,000 | ▼ 30.5% |
| Current investments50/53 | €580,516 | €1.2m | €1.0m | €1.8m | €2.5m | ▲ 37.5% |
| Cash at bank and in hand54/58 | €2.6m | €1.9m | €1.7m | €629,947 | €38,044 | ▼ 94.0% |
| Deferred charges and accrued income490/1 | - | - | €20,691 | €15,357 | €15,055 | ▼ 2.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.6m | €7.6m | €8.4m | €8.3m | €8.1m | ▼ 1.9% |
| Equity10/15 | €5.3m | €5.3m | €5.2m | €5.2m | €5.3m | ▲ 1.1% |
| Contributions10/11 | - | - | €5.4m | €5.4m | €5.4m | = |
| Capital10 | - | - | €5.4m | €5.4m | €5.4m | = |
| Profit (loss) carried forward14 | -€118,232 | -€80,094 | -€267,138 | -€217,811 | -€162,533 | ▲ 25.4% |
| Amounts payable17/49 | €2.3m | €2.2m | €3.3m | €3.1m | €2.8m | ▼ 6.9% |
| Amounts payable after more than one year17 | €2.2m | €2.1m | €3.0m | €2.8m | €2.6m | ▼ 7.2% |
| Financial debts170/4 | - | - | €3.0m | €2.8m | €2.6m | ▼ 7.2% |
| Amounts payable within one year42/48 | €118,278 | €117,616 | €246,444 | €229,917 | €222,056 | ▼ 3.4% |
| Current portion of amounts payable after more than one year42 | - | - | €201,249 | €202,268 | €203,304 | ▲ 0.5% |
| Trade debts44 | €736 | €2,393 | €41,524 | €22,480 | €14,317 | ▼ 36.3% |
| Suppliers440/4 | - | - | €41,524 | €22,480 | €14,317 | ▼ 36.3% |
| Taxes, remuneration and social security45 | - | - | €3,670 | €5,168 | €4,435 | ▼ 14.2% |
| Taxes450/3 | - | - | €3,670 | €5,168 | €4,435 | ▼ 14.2% |
| Accrued charges and deferred income492/3 | - | - | €7,535 | €5,347 | €6,336 | ▲ 18.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,294 | €38,138 | -€187,044 | €49,327 | €55,278 | ▲ 12.1% |
| + Depreciation and write-downs630 | €56,970 | €53,295 | €149,360 | €182,652 | €189,185 | ▲ 3.6% |
| Operating cash flow (approximation) | €84,264 | €91,433 | -€37,684 | €231,979 | €244,463 | ▲ 5.4% |
| Investment in fixed assets (approximation) | - | -€299,200 | -€2.3m | -€176,474 | -€241,075 | ▼ 36.6% |
| Change in cash | - | -€729,463 | -€170,009 | -€1.1m | -€591,903 | ▲ 44.9% |
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
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €55,278 ▲12.1%
Net result €55,278, the highest in the series.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €49,327
Net result €49,327 after one loss-making year.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€187,044
Net result drops to -€187,044, the lowest in the series; recovery starts the following year.
10-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €27,294
Net result €27,294 after 2 loss-making years.
24-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
24-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 573 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 12 days late
2017
08-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Diksmuide
Ground area
549 m²
Parcel 32024C0002/00V000, Flanders. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32024C0002/00V000 | Flanders | 549 m² | - | - |
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.
Identification & contact
Identification
Legal formNon-profit association
Founded07-07-2015
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.