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PROCHIC

Open bankruptcy
Private limited companyfounded 2013KBO/BCE: BE 0511.985.695

A bankruptcy procedure is open for PROCHIC according to publications in the Belgian Official Gazette; trustee: Dirk De Maeseneer.

Summary

The file additionally contains 1 administrative flag. The 2022 annual accounts show equity of €36,446 and a net result of -€33,941.

PROCHICOpen bankruptcy

Financials · financial year 2022, micro format

2022 annual accounts filed late (80 days) Filed on 19 October 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00488519.

Turnover
€202,675▼ 5.9%
2018 · €215,281
EBIT margin
12.6%▲ 12.0pp
2018 · 0.6%
Net result
-€33,941
2020 · €4,916
Working capital
€74,955▼ 6.7%
2020 · €80,317
Trend over the years

2018 to 2022, 4 financial years 2018 to 2022, 4 financial years

The operating result is -€33,651 in 2022, compared with €4,983 in 2020. Comparable figures for the intervening years are unavailable.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€202,675 2019 Operating result-€33,651 2022 Net result-€33,941 2022

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202022
Turnover€215,281-€202,675▼ 5.9%
Operating result€1,354-€25,543▲ 1,786%€4,983▼ 80.5%-€33,651-
Net result€776-€19,316▲ 2,388%€4,916▼ 74.5%-€33,941-
EBIT margin0.6%-12.6%▲ 12.0pp
Equity€35,976-€55,292▲ 53.7%€60,208▲ 8.9%€36,446-
Total assets€234,417-€110,964▼ 52.7%€131,570▲ 18.6%€104,367-
Debt€198,441-€55,672▼ 71.9%€71,362▲ 28.2%€67,921-
Working capital€103,397-€93,516▼ 9.6%€80,317▼ 14.1%€74,955-
Balance-sheet composition
2022 in colour, 2020 as the grey bar beneath
Assets €104,367
Fixed assets €397 ▼ 97.9%
Current assets €103,970 ▼ 7.8%
Equity and liabilities €104,367
Equity €36,446 ▼ 39.5%
Debt €67,921 ▼ 4.8%
Debt's share of the balance-sheet total rises from 54.2% to 65.1%. Equity and debt are lower.
Key figures and ratios
2022 value · change against 2020
EBITDA
-€15,409▼
2020 · €6,306
Cash flow
-€15,699▼
2020 · €6,239
Current ratio
3.58▲
2020 · 3.47
Debt to equity
1.86▲
2020 · 0.65
ROE
-93.1%▼
2020 · 8.2%
ROA
-32.5%▼
2020 · 3.7%
Interest coverage
-53.11
Debt ≤ 1 year
€29,015▼
2020 · €32,456
Debt > 1 year
€38,905=
2020 · €38,905
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2020 · 42 lines
Balance sheet Code20202022
Assets
Total assets20/58€131,570€104,367▼
Fixed assets21/28€18,796€397▼
Tangible fixed assets22/27€18,796€397▼
Plant, machinery and equipment23-€397
Current assets29/58€112,773€103,970▼
Amounts receivable within one year40/41€48,087€96,887▲
Trade receivables40-€56,959
Other amounts receivable41-€39,928
Current investments50/53€5,076-
Cash at bank and in hand54/58€59,611€7,083▼
Equity and liabilities
Total equity and liabilities10/49€131,570€104,367▼
Equity10/15€60,208€36,446▼
Contributions10/11-€6,200
Contributions outside capital11-€6,200
Other1109/19-€6,200
Reserves13€32,060€43,060▲
Non-distributable reserves130/1-€35,060
Reserves not available under the articles1311-€35,060
Distributable reserves133-€8,000
Profit (loss) carried forward14€21,948-€12,814▼
Amounts payable17/49€71,362€67,921▼
Amounts payable after more than one year17€38,905€38,905=
Financial debts170/4-€38,905
Amounts payable within one year42/48€32,456€29,015▼
Current portion of amounts payable after more than one year42-€5,564
Trade debts44€12,087€3,229▼
Suppliers440/4-€3,229
Taxes, remuneration and social security45-€9,807
Taxes450/3-€6,112
Remuneration and social security454/9-€3,695
Other amounts payable47/48-€10,416
Income statement Code20202022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,322€18,242▲
Gross operating margin9900€7,364-€15,409▼
Operating profit (loss)9901€4,983-€33,651▼
Recurring financial income75€1-
Financial charges65/66B-€290
Recurring financial charges65€68€290▲
Profit (loss) for the period before taxes9903€4,916-€33,941▼
Profit (loss) for the period9904€4,916-€33,941▼
Profit (loss) for the period to be appropriated9905€4,916-€33,941▼
Appropriation of the result
Profit (loss) to be appropriated9906--€12,814
Profit (loss) brought forward from the previous period14P-€21,128

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202022Change
Turnover70€215,281€202,675---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,121€797€1,322€18,242-
Gross operating margin9900€17,844€26,688€7,364-€15,409-
Operating profit (loss)9901€1,354€25,543€4,983-€33,651-
Recurring financial income75€0-€1--
Financial charges65/66B---€290-
Recurring financial charges65€547-€68€290-
Profit (loss) for the period before taxes9903€807€25,543€4,916-€33,941-
Income taxes67/77€31€6,227---
Profit (loss) for the period9904€776€19,316€4,916-€33,941-
Profit (loss) for the period to be appropriated9905€776€19,316€4,916-€33,941-
Line2018201920202022Change
Assets
Total assets20/58€234,417€110,964€131,570€104,367-
Fixed assets21/28€14,515€682€18,796€397-
Tangible fixed assets22/27€14,515€682€18,796€397-
Plant, machinery and equipment23---€397-
Current assets29/58€219,902€110,283€112,773€103,970-
Stocks and contracts in progress3€63,196----
Amounts receivable within one year40/41€139,497€55,998€48,087€96,887-
Trade receivables40---€56,959-
Other amounts receivable41---€39,928-
Current investments50/53--€5,076--
Cash at bank and in hand54/58€17,208€54,284€59,611€7,083-
Equity and liabilities
Total equity and liabilities10/49€234,417€110,964€131,570€104,367-
Equity10/15€35,976€55,292€60,208€36,446-
Contributions10/11€6,200€6,200-€6,200-
Contributions outside capital11---€6,200-
Other1109/19---€6,200-
Reserves13€32,060€32,060€32,060€43,060-
Non-distributable reserves130/1---€35,060-
Reserves not available under the articles1311---€35,060-
Distributable reserves133---€8,000-
Profit (loss) carried forward14-€2,284€17,032€21,948-€12,814-
Amounts payable17/49€198,441€55,672€71,362€67,921-
Amounts payable after more than one year17€81,936€38,905€38,905€38,905-
Financial debts170/4---€38,905-
Amounts payable within one year42/48€116,505€16,767€32,456€29,015-
Current portion of amounts payable after more than one year42---€5,564-
Trade debts44€75,700€523€12,087€3,229-
Suppliers440/4---€3,229-
Taxes, remuneration and social security45---€9,807-
Taxes450/3---€6,112-
Remuneration and social security454/9---€3,695-
Other amounts payable47/48---€10,416-
Line2018201920202022Change
Profit (loss) for the period9904€776€19,316€4,916-€33,941-
+ Depreciation and write-downs630€4,121€797€1,322€18,242-
Operating cash flow (approximation)€4,898€20,113€6,239-€15,699-
Investment in fixed assets (approximation)-€13,036-€19,437--
Change in cash-€37,076€5,327--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (8)
Financial year Type Filed Reference
31-12-2022 micro format 19-10-2023 2023-00488519
31-12-2020 abbreviated format 31-08-2021 2021-66200456
31-12-2019 abbreviated format 14-04-2021 2021-10500505
31-12-2018 abbreviated format 29-08-2019 2019-62000591
31-12-2017 abbreviated format 27-07-2018 2018-42700082
31-12-2016 abbreviated format 02-08-2017 2017-40600137
31-12-2015 abbreviated format 07-08-2016 2016-41100262
31-12-2014 abbreviated format 12-08-2015 2015-42800393

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.