PROCARS
InactivePROCARS was declared bankrupt on 27-09-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 09-07-2024, published in the Belgian State Gazette on 06-08-2024.
Summary
Inactive; last annual accounts for fiscal year 2019.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 31-07-2020, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2019 accounts on the deadline day; 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 2019, micro schema
Equity
€159,751▲ 5.8%
2018 · €150,978
Total assets
€196,251▲ 13.7%
2018 · €172,638
Net result
€8,773▲ 36.0%
2018 · €6,451
Working capital
€151,096▲ 9.7%
2018 · €137,737
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
Line20182019
Operating result€6,780-€8,021▲ 18.3%
Net result€6,451-€8,773▲ 36.0%
Equity€150,978-€159,751▲ 5.8%
Total assets€172,638-€196,251▲ 13.7%
Debt€21,660-€36,500▲ 68.5%
Working capital€137,737-€151,096▲ 9.7%
Staff (FTE)0.9-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2019; 2019 is 18% above 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €196,251
Fixed assets
€8,655 ▼ 34.6%
Current assets
€187,596 ▲ 17.7%
Equity and liabilities €196,251
Equity
€159,751 ▲ 5.8%
Debt
€36,500 ▲ 68.5%
Debt's share of the balance-sheet total rises from 12.5% to 18.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€12,607▼
2018 · €19,386
Cash flow
€13,359▼
2018 · €19,057
Current ratio
5.14▼
2018 · 7.36
Quick ratio
5.02▼
2018 · 6.91
ROE
5.5%▲
2018 · 4.3%
ROA
4.5%▲
2018 · 3.7%
Debt ≤ 1 year
€36,500▲
2018 · €21,660
Income taxes
€1,194▲
2018 · €859
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,606 | €4,586 | ▼ 63.6% |
| Gross operating margin9900 | €34,616 | €23,888 | ▼ 31.0% |
| Operating profit (loss)9901 | €6,780 | €8,021 | ▲ 18.3% |
| Recurring financial income75 | €3,013 | €2,781 | ▼ 7.7% |
| Recurring financial charges65 | €2,699 | €1,051 | ▼ 61.1% |
| Profit (loss) for the period before taxes9903 | €7,310 | €9,967 | ▲ 36.4% |
| Income taxes67/77 | €859 | €1,194 | ▲ 39.1% |
| Profit (loss) for the period9904 | €6,451 | €8,773 | ▲ 36.0% |
| Profit (loss) for the period to be appropriated9905 | €6,451 | €8,773 | ▲ 36.0% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €172,638 | €196,251 | ▲ 13.7% |
| Fixed assets21/28 | €13,241 | €8,655 | ▼ 34.6% |
| Tangible fixed assets22/27 | €12,548 | €7,962 | ▼ 36.5% |
| Financial fixed assets28 | €693 | €693 | = |
| Current assets29/58 | €159,397 | €187,596 | ▲ 17.7% |
| Stocks and contracts in progress3 | €9,770 | €4,500 | ▼ 53.9% |
| Amounts receivable within one year40/41 | €82,456 | €118,368 | ▲ 43.6% |
| Cash at bank and in hand54/58 | €17,172 | €14,728 | ▼ 14.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €172,638 | €196,251 | ▲ 13.7% |
| Equity10/15 | €150,978 | €159,751 | ▲ 5.8% |
| Contributions10/11 | €18,600 | €18,600 | = |
| Reserves13 | €126,837 | €135,610 | ▲ 6.9% |
| Profit (loss) carried forward14 | €5,541 | €5,541 | = |
| Amounts payable17/49 | €21,660 | €36,500 | ▲ 68.5% |
| Amounts payable within one year42/48 | €21,660 | €36,500 | ▲ 68.5% |
| Trade debts44 | €15,598 | €12,292 | ▼ 21.2% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €6,451 | €8,773 | ▲ 36.0% |
| + Depreciation and write-downs630 | €12,606 | €4,586 | ▼ 63.6% |
| Operating cash flow (approximation) | €19,057 | €13,359 | ▼ 29.9% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€2,444 | - |
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
2024
06-08
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · event 09-07-2024
2022
03-10
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 27-09-2022
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 27 days late
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
2013
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 30 days late
2012
31-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 31 days late
2011
08-11
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 100 days late
SignalNBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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 | WIM HEETHEM WATERLOOSESTEENWEG 412/F,
1050 BRUSSEL 5 |
27-09-2022 → 09-07-2024 |