PROCO-SYS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-04-2026 PDF all 25 filings
Turnover
≈ €22,000
Estimated: probably between €12,000 and €42,000
EBIT margin
Not included in this filing
Net result
€2,935▲ 233%
2024 · €881
Working capital
€105,328▲ 2.9%
2024 · €102,393
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€4,072
▲ 178%
2025
20192025
Net result
€2,935
▲ 233%
2025
middle half of the sector
20192025
Equity
€192,091
▲ 1.6%
2025
highest quarter of the sector
20192025
Total assets
€522,086
▲ 8.9%
2025
highest quarter of the sector
20192025
Debt
€329,995
▲ 13.7%
2025
20192025
Working capital
€105,328
▲ 2.9%
2025
middle half of the sector
20192025
Solvency
36.8%
▼ 2.7pp
2025
middle half of the sector
20192025
Current ratio
1.32
▼ 0.03
2025
middle half of the sector
20192025
Return on assets (ROA)
0.6%
▲ 0.4pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€27-€1,409▲ 53×€3,056▲ 117%€4,054▲ 32.6%€5,958▲ 47.0%€1,467▼ 75.4%€4,072▲ 178%
Net result-€114-€1,275within the sector's middle half€2,526within the sector's middle half▲ 98.1%€2,970within the sector's middle half▲ 17.6%€4,482within the sector's middle half▲ 50.9%€881within the sector's middle half▼ 80.3%€2,935within the sector's middle half▲ 233%
Equity€177,021-€178,296within the sector's middle half▲ 0.7%€180,822above the sector's middle half▲ 1.4%€183,792above the sector's middle half▲ 1.6%€188,274above the sector's middle half▲ 2.4%€189,156above the sector's middle half▲ 0.5%€192,091above the sector's middle half▲ 1.6%
Total assets€243,427-€281,638within the sector's middle half▲ 15.7%€346,575above the sector's middle half▲ 23.1%€398,399above the sector's middle half▲ 15.0%€446,784above the sector's middle half▲ 12.1%€479,413above the sector's middle half▲ 7.3%€522,086above the sector's middle half▲ 8.9%
Debt€66,406-€103,342▲ 55.6%€165,753▲ 60.4%€214,606▲ 29.5%€258,509▲ 20.5%€290,257▲ 12.3%€329,995▲ 13.7%
Working capital€90,258-€91,534within the sector's middle half▲ 1.4%€94,060within the sector's middle half▲ 2.8%€97,030within the sector's middle half▲ 3.2%€101,512within the sector's middle half▲ 4.6%€102,393within the sector's middle half▲ 0.9%€105,328within the sector's middle half▲ 2.9%
Solvency72.7%-63.3%within the sector's middle half▼ 9.4pp52.2%within the sector's middle half▼ 11.1pp46.1%within the sector's middle half▼ 6.0pp42.1%within the sector's middle half▼ 4.0pp39.5%within the sector's middle half▼ 2.7pp36.8%within the sector's middle half▼ 2.7pp
Current ratio2.36-1.89within the sector's middle half▼ 0.471.57within the sector's middle half▼ 0.321.45within the sector's middle half▼ 0.121.39within the sector's middle half▼ 0.061.35within the sector's middle half▼ 0.041.32within the sector's middle half▼ 0.03
Return on assets (ROA)0.0%-0.5%within the sector's middle half▲ 0.5pp0.7%within the sector's middle half▲ 0.3pp0.7%within the sector's middle half=1.0%within the sector's middle half▲ 0.3pp0.2%within the sector's middle half▼ 0.8pp0.6%within the sector's middle half▲ 0.4pp
above
within
below
The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). 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 2025 is 178% higher than in 2024. It is a recovery after the fall in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €522,086
Fixed assets
€86,763 =
Current assets
€435,324 ▲ 10.9%
Equity and liabilities €522,086
Equity
€192,091 ▲ 1.6%
Debt
€329,995 ▲ 13.7%
Debt's share of the balance-sheet total rises from 60.5% to 63.2%. Equity and debt are higher.
Key figures and ratios
Quick ratio
1.32▼
2024 · 1.35
Debt to equity
1.72▲
2024 · 1.53
ROE
1.5%▲
2024 · 0.5%
Debt ≤ 1 year
€329,995▲
2024 · €290,257
Income taxes
€1,099▲
2024 · €539
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | - | - | €600 | €0 | ▼ 100% |
| Gross operating margin9900 | €27 | €2,645 | €3,056 | €4,054 | €5,958 | €2,067 | €4,072 | ▲ 97.0% |
| Operating profit (loss)9901 | €27 | €1,409 | €3,056 | €4,054 | €5,958 | €1,467 | €4,072 | ▲ 178% |
| Financial income75/76B | - | - | - | - | €197 | €0 | - | - |
| Recurring financial income75 | €0 | - | - | - | €197 | €0 | - | - |
| Financial charges65/66B | - | - | - | €64 | €37 | €46 | €38 | ▼ 18.5% |
| Recurring financial charges65 | €141 | €133 | €55 | €64 | €37 | €46 | €38 | ▼ 18.5% |
| Profit (loss) for the period before taxes9903 | -€114 | €1,275 | €3,001 | €3,989 | €6,119 | €1,421 | €4,035 | ▲ 184% |
| Income taxes67/77 | - | - | €475 | €1,019 | €1,636 | €539 | €1,099 | ▲ 104% |
| Profit (loss) for the period9904 | -€114 | €1,275 | €2,526 | €2,970 | €4,482 | €881 | €2,935 | ▲ 233% |
| Profit (loss) for the period to be appropriated9905 | -€114 | €1,275 | €2,526 | €2,970 | €4,482 | €881 | €2,935 | ▲ 233% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €243,427 | €281,638 | €346,575 | €398,399 | €446,784 | €479,413 | €522,086 | ▲ 8.9% |
| Fixed assets21/28 | €86,763 | €86,763 | €86,763 | €86,763 | €86,763 | €86,763 | €86,763 | = |
| Financial fixed assets28 | €86,763 | €86,763 | €86,763 | €86,763 | €86,763 | €86,763 | €86,763 | = |
| Current assets29/58 | €156,665 | €194,876 | €259,812 | €311,636 | €360,021 | €392,650 | €435,324 | ▲ 10.9% |
| Stocks and contracts in progress3 | €7,650 | €6,000 | €5,000 | €2,500 | €1,450 | €1,000 | €1,000 | = |
| Stocks30/36 | - | - | - | €2,500 | €1,450 | €1,000 | €1,000 | = |
| Amounts receivable within one year40/41 | €9,976 | €7,730 | €14,529 | €12,153 | €19,425 | €18,280 | €17,918 | ▼ 2.0% |
| Trade receivables40 | - | - | - | €10,573 | €17,573 | €11,300 | €9,619 | ▼ 14.9% |
| Other amounts receivable41 | - | - | - | €1,579 | €1,852 | €6,980 | €8,299 | ▲ 18.9% |
| Cash at bank and in hand54/58 | €139,038 | €181,146 | €240,284 | €296,983 | €339,146 | €373,370 | €416,405 | ▲ 11.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €243,427 | €281,638 | €346,575 | €398,399 | €446,784 | €479,413 | €522,086 | ▲ 8.9% |
| Equity10/15 | €177,021 | €178,296 | €180,822 | €183,792 | €188,274 | €189,156 | €192,091 | ▲ 1.6% |
| Contributions10/11 | €18,592 | - | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €158,429 | €159,704 | €162,230 | €165,200 | €169,682 | €170,564 | €173,499 | ▲ 1.7% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | €163,341 | €167,823 | €168,705 | €171,640 | ▲ 1.7% |
| Amounts payable17/49 | €66,406 | €103,342 | €165,753 | €214,606 | €258,509 | €290,257 | €329,995 | ▲ 13.7% |
| Amounts payable within one year42/48 | €66,406 | €103,342 | €165,753 | €214,606 | €258,509 | €290,257 | €329,995 | ▲ 13.7% |
| Trade debts44 | €64,406 | €101,342 | €163,278 | €211,559 | €254,873 | €287,718 | €326,896 | ▲ 13.6% |
| Suppliers440/4 | - | - | - | €211,559 | €254,873 | €287,718 | €326,896 | ▲ 13.6% |
| Taxes, remuneration and social security45 | - | - | - | €1,048 | €1,636 | €539 | €1,099 | ▲ 104% |
| Taxes450/3 | - | - | - | €1,048 | €1,636 | €539 | €1,099 | ▲ 104% |
| Other amounts payable47/48 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€114 | €1,275 | €2,526 | €2,970 | €4,482 | €881 | €2,935 | ▲ 233% |
| Operating cash flow (approximation) | -€114 | €1,275 | €2,526 | €2,970 | €4,482 | €881 | €2,935 | ▲ 233% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €42,107 | €59,138 | €56,699 | €42,163 | €34,225 | €43,035 | ▲ 25.7% |
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, 14,766 companies had the same profile as PROCO-SYS has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
96.2%
was still going
3.5%
stopped otherwise
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PROCO-SYS itself: < 0.1% within 12 months.
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 14,766 companies, not a prediction for PROCO-SYS. 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 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 29-04-2026 | 2026-00098320 | |
| 30-09-2024 | micro format | 29-04-2025 | 2025-00083624 | |
| 30-09-2023 | micro format | 30-04-2024 | 2024-00079780 | |
| 30-09-2022 | micro format | 27-04-2023 | 2023-00071652 | |
| 30-09-2021 | micro format | 31-03-2022 | 2022-10000063 | |
| 30-09-2020 | full format | 22-04-2021 | 2021-11300294 | |
| 30-09-2019 | full format | 04-05-2020 | 2020-11300554 | |
| 30-09-2018 | abbreviated format | 28-03-2019 | 2019-08600275 | |
| 30-09-2017 | full format | 20-04-2018 | 2018-10200458 | |
| 30-09-2016 | full format | 30-03-2017 | 2017-08100211 |