PROCEQ
ActiveSummary
PROCEQ has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €973,948 and a net result of €28,344. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 33% of 7900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+2
Solvency55▼-15
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.57 in 2024; short-term debt: 69.9% and cash: 6.2% of total assets), and 69.9% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.1%
Return on assets
0.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 10 filingsDeviation from the deadline
2025
21 d late
2024
47 d early
2023
56 d early
2022
30 d early
2021
110 d early
2020
53 d early
2019
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 46 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€973,948▲ 3.0%
2024 · €945,604
Total assets
€3.2m▲ 54.7%
2024 · €2.1m
Net result
€28,344
2024 · -€14,449
Working capital
€784,900▲ 19.8%
2024 · €655,264
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
Line20212022202320242025
Operating result€222,670€495,244▲ 122%€753,362▲ 52.1%-€16,698€53,454
Net result€194,484€362,608▲ 86.4%€550,834▲ 51.9%-€14,449€28,344
Equity€446,611▲ 77.1%€809,219▲ 81.2%€1.3m▲ 55.7%€945,604▼ 25.0%€973,948▲ 3.0%
Total assets€2.0m▲ 37.1%€5.5m▲ 179%€7.3m▲ 31.5%€2.1m▼ 71.3%€3.2m▲ 54.7%
Debt€1.5m▲ 28.9%€4.7m▲ 210%€6.0m▲ 27.3%€1.1m▼ 81.0%€2.3m▲ 97.4%
Working capital€551,569▲ 59.3%€418,945▼ 24.0%€904,363▲ 116%€655,264▼ 27.5%€784,900▲ 19.8%
Staff (FTE)7.2▼ 7.7%6.6▼ 8.3%6.9▲ 4.5%8.3▲ 20.3%8.7▲ 4.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2025 Total assets +55% on 2024. Cause not known from the registers.
- 2024 Total assets -71% on 2023. Cause not known from the registers.
- 2023 Net result +52%, Equity +56% on 2022. Cause not known from the registers.
- 2022 Net result +86%, Equity +81%, Total assets +179% on 2021. Cause not known from the registers.
- 2021 Equity +77% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €53,454 after a loss of €16,698 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets
€189,048 ▼ 34.9%
Current assets
€3.0m ▲ 69.1%
Equity and liabilities €3.2m
Equity
€973,948 ▲ 3.0%
Debt
€2.3m ▲ 97.4%
Debt's share of the balance-sheet total rises from 54.7% to 69.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€154,746▲
2024 · €110,693
Cash flow
€129,636▲
2024 · €112,942
Current ratio
1.35▼
2024 · 1.57
Quick ratio
0.47▼
2024 · 0.71
Debt to equity
2.32▲
2024 · 1.21
ROE
2.9%▲
2024 · -1.5%
ROA
0.9%▲
2024 · -0.7%
Interest coverage
19.70▲
2024 · 17.27
Debt ≤ 1 year
€2.3m▲
2024 · €1.1m
Income taxes
€17,593▲
2024 · €3,189
Staff costs
€544,731▲
2024 · €461,247
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €420,545 | €374,734 | €409,813 | €461,247 | €544,731 | ▲ 18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,854 | €70,805 | €124,394 | €127,391 | €101,292 | ▼ 20.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€10,001 | - | - | - | - |
| Other operating charges640/8 | €5,497 | €8,772 | €18,594 | €3,886 | €4,774 | ▲ 22.9% |
| Non-recurring operating charges66A | €10,889 | €1,972 | - | - | - | - |
| Gross operating margin9900 | €693,455 | €941,526 | €1.3m | €575,826 | €704,252 | ▲ 22.3% |
| Operating profit (loss)9901 | €222,670 | €495,244 | €753,362 | -€16,698 | €53,454 | ▲ 420% |
| Financial income75/76B | €4,045 | €133 | €164 | €11,846 | €337 | ▼ 97.2% |
| Recurring financial income75 | €4,045 | €133 | €164 | €11,846 | €337 | ▼ 97.2% |
| Financial charges65/66B | €7,319 | €34,217 | €10,459 | €6,408 | €7,854 | ▲ 22.6% |
| Recurring financial charges65 | €7,319 | €34,217 | €10,459 | €6,408 | €7,854 | ▲ 22.6% |
| Profit (loss) for the period before taxes9903 | €219,396 | €461,160 | €743,067 | -€11,260 | €45,937 | ▲ 508% |
| Income taxes67/77 | €24,912 | €98,552 | €192,233 | €3,189 | €17,593 | ▲ 452% |
| Profit (loss) for the period9904 | €194,484 | €362,608 | €550,834 | -€14,449 | €28,344 | ▲ 296% |
| Profit (loss) for the period to be appropriated9905 | €194,484 | €362,608 | €550,834 | -€14,449 | €28,344 | ▲ 296% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €5.5m | €7.3m | €2.1m | €3.2m | ▲ 54.7% |
| Fixed assets21/28 | €105,043 | €409,034 | €390,098 | €290,340 | €189,048 | ▼ 34.9% |
| Intangible fixed assets21 | - | - | €24,279 | €13,896 | €3,655 | ▼ 73.7% |
| Tangible fixed assets22/27 | €80,134 | €384,125 | €340,910 | €251,536 | €160,484 | ▼ 36.2% |
| Land and buildings22 | €25,270 | €27,074 | €15,811 | €13,773 | €11,956 | ▼ 13.2% |
| Plant, machinery and equipment23 | €15,127 | €309,228 | €272,187 | €201,444 | €127,630 | ▼ 36.6% |
| Furniture and vehicles24 | €28,415 | €38,436 | €45,305 | €30,524 | €16,882 | ▼ 44.7% |
| Other tangible fixed assets26 | €11,323 | €9,386 | €7,608 | €5,794 | €4,016 | ▼ 30.7% |
| Financial fixed assets28 | €24,909 | €24,909 | €24,909 | €24,909 | €24,909 | = |
| Current assets29/58 | €1.9m | €5.1m | €6.9m | €1.8m | €3.0m | ▲ 69.1% |
| Stocks and contracts in progress3 | €1.0m | €3.3m | €6.1m | €991,725 | €2.0m | ▲ 99.3% |
| Stocks30/36 | €67,968 | €61,253 | €54,735 | €71,025 | €71,025 | = |
| Contracts in progress37 | €938,468 | €3.2m | €6.0m | €920,700 | €1.9m | ▲ 107% |
| Amounts receivable within one year40/41 | €568,491 | €1.0m | €459,605 | €664,632 | €746,253 | ▲ 12.3% |
| Trade receivables40 | €529,398 | €927,656 | €397,990 | €604,925 | €683,715 | ▲ 13.0% |
| Other amounts receivable41 | €39,092 | €117,083 | €61,615 | €59,707 | €62,538 | ▲ 4.7% |
| Current investments50/53 | - | - | - | - | €115,000 | - |
| Cash at bank and in hand54/58 | €298,759 | €734,171 | €349,231 | €108,785 | €200,914 | ▲ 84.7% |
| Deferred charges and accrued income490/1 | €7,436 | €51,585 | €40,343 | €33,818 | €3,706 | ▼ 89.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €5.5m | €7.3m | €2.1m | €3.2m | ▲ 54.7% |
| Equity10/15 | €446,611 | €809,219 | €1.3m | €945,604 | €973,948 | ▲ 3.0% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €48,750 | €48,750 | €48,750 | €48,750 | €48,750 | = |
| Tax-exempt reserves132 | €33,750 | €33,750 | €33,750 | €33,750 | €33,750 | = |
| Distributable reserves133 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | €247,861 | €610,469 | €1.1m | €746,854 | €775,198 | ▲ 3.8% |
| Provisions and deferred taxes16 | €10,001 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €10,001 | - | - | - | - | - |
| Pensions and similar obligations160 | €10,001 | - | - | - | - | - |
| Amounts payable17/49 | €1.5m | €4.7m | €6.0m | €1.1m | €2.3m | ▲ 97.4% |
| Amounts payable after more than one year17 | €200,000 | - | - | - | - | - |
| Financial debts170/4 | €200,000 | - | - | - | - | - |
| Amounts payable within one year42/48 | €1.3m | €4.7m | €6.0m | €1.1m | €2.3m | ▲ 97.4% |
| Current portion of amounts payable after more than one year42 | - | €200,000 | - | - | - | - |
| Financial debts43 | - | - | - | €150,000 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €150,000 | €0 | ▼ 100% |
| Trade debts44 | €230,809 | €657,462 | €384,329 | €304,338 | €491,150 | ▲ 61.4% |
| Suppliers440/4 | €230,809 | €657,462 | €384,329 | €304,338 | €491,150 | ▲ 61.4% |
| Advances received on contracts in progress46 | €864,262 | €3.7m | €5.6m | €628,542 | €1.7m | ▲ 167% |
| Taxes, remuneration and social security45 | €83,525 | €35,144 | €40,523 | €53,379 | €84,704 | ▲ 58.7% |
| Taxes450/3 | €58,013 | - | - | - | €22,790 | - |
| Remuneration and social security454/9 | €25,512 | €35,144 | €40,523 | €53,379 | €61,914 | ▲ 16.0% |
| Other amounts payable47/48 | €150,957 | €157,165 | €7,301 | €7,436 | €3,296 | ▼ 55.7% |
| Accrued charges and deferred income492/3 | - | €18,759 | €34,408 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €194,484 | €362,608 | €550,834 | -€14,449 | €28,344 | ▲ 296% |
| + Depreciation and write-downs630 | €33,854 | €70,805 | €124,394 | €127,391 | €101,292 | ▼ 20.5% |
| Operating cash flow (approximation) | €228,339 | €433,413 | €675,228 | €112,942 | €129,636 | ▲ 14.8% |
| Investment in fixed assets (approximation) | - | -€374,795 | -€105,458 | -€27,633 | €0 | ▲ 100% |
| Change in cash | - | €435,412 | -€384,939 | -€240,446 | €92,129 | ▲ 138% |
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
31-12
Financial
Back to profitnet €28,344
Net result €28,344 after one loss-making year.
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-12
Financial
Highest result since 2018net €550,834 ▲51.9%
Operating result €753,362, net result €550,834, both a record.
30-12
Financial
Equity above €1mEq €1.3m ▲55.7%
3 profitable years in a row build equity to €1.3m.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-12
Financial
Equity above €500,000Eq €809,219 ▲81.2%
2 profitable years in a row build equity to €809,219.
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-12
Financial
Back to profitnet €194,484
Net result €194,484 after one loss-making year.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-12
Financial
Weakest financial yearnet -€147,791
Net result drops to -€147,791, the lowest in the series; recovery starts the following year.
Show earlier events
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
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 11 acts read
About the unread acts
We know of 11 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
11 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, Aalter · 1 establishment unit since 2001
Ground area
1.3 ha
Building footprint
8,474 m²
Volume, LiDAR
66,365 m³
Parcel 44001B0161/00F000, Flanders · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
VAN DE WALLE-APPARATENBOUW
since 20012.100.069.596
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44001B0161/00F000 | Flanders | 1.3 ha | 1 · 8,474 m² | 9.2 m · 3 fl. |
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.
Structure & network
Owners and holdings
2 ownersOwners 2
- AXONparentSourceaccounts AXON 2025100%
-
40%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 3 entries · 8,814 EUR awarded · 8,814 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,083 EUR | 1,083 EUR |
| 2023 | 2 | 7,731 EUR | 7,731 EUR |
Recognitions · licences · registrations
Dual-learning approval
4 live approvals · 1 endedHoeknaadlasser duaal (so)
Lassen-constructie duaal (so)
Lasser-monteerder (vwo)
Lasser-monteerder duaal (so)
Show 1 ended approval
Plaatlasser (so)
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Of 4,093 companies in sector 43240 we hold annual accounts for 1,634. 715 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-01-2001
Fiscal year end31-12
Activities, NACEBEL 2025
28250Manufacture of machinery and equipment not elsewhere classified
43240Other construction installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473727214
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.