PROCONIM
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 08-07-2026 at the NBB all 30 filings
Turnover
≈ €4,600
Estimated: probably between €2,000 and €11,000
Total assets
€86,666▲ 11.7%
2024 · €77,578
Net result
-€7,308▲ 44.2%
2024 · -€13,105
Working capital
€3,811▼ 16.5%
2024 · €4,566
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€6,993
▲ 45.6%
2025
20182025
Net result
-€7,308
▲ 44.2%
2025
lowest quarter of the sector
20182025
Equity
€62,363
▼ 10.5%
2025
lowest quarter of the sector
20182025
Total assets
€86,666
▲ 11.7%
2025
lowest quarter of the sector
20182025
Debt
€24,302
▲ 207%
2025
20182025
Working capital
€3,811
▼ 16.5%
2025
middle half of the sector
20182025
Solvency
72.0%
▼ 17.8pp
2025
middle half of the sector
20182025
Current ratio
1.16
▼ 0.42
2025
middle half of the sector
20182025
Return on assets (ROA)
-8.4%
▲ 8.5pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€15,495--€17,337€11,271-€976€3,816€4,864▲ 27.5%-€12,864-€6,993▲ 45.6%
Net result€7,872--€18,335€8,568within the sector's middle half-€3,104below the sector's middle half€565below the sector's middle half€1,091below the sector's middle half▲ 92.9%-€13,105below the sector's middle half-€7,308below the sector's middle half▲ 44.2%
Equity€120,984-€102,649▼ 15.2%€111,217within the sector's middle half▲ 8.3%€108,114within the sector's middle half▼ 2.8%€94,421within the sector's middle half▼ 12.7%€90,648within the sector's middle half▼ 4.0%€69,672within the sector's middle half▼ 23.1%€62,363below the sector's middle half▼ 10.5%
Total assets€157,460-€130,240▼ 17.3%€122,655within the sector's middle half▼ 5.8%€117,983within the sector's middle half▼ 3.8%€113,314within the sector's middle half▼ 4.0%€113,758within the sector's middle half▲ 0.4%€77,578below the sector's middle half▼ 31.8%€86,666below the sector's middle half▲ 11.7%
Debt€36,476-€27,591▼ 24.4%€11,437▼ 58.5%€9,869▼ 13.7%€18,893▲ 91.4%€23,110▲ 22.3%€7,907▼ 65.8%€24,302▲ 207%
Working capital€33,426-€13,406▼ 59.9%€22,263within the sector's middle half▲ 66.1%€26,262within the sector's middle half▲ 18.0%€17,551within the sector's middle half▼ 33.2%€19,541within the sector's middle half▲ 11.3%€4,566within the sector's middle half▼ 76.6%€3,811within the sector's middle half▼ 16.5%
Solvency76.8%-78.8%▲ 2.0pp90.7%above the sector's middle half▲ 11.9pp91.6%above the sector's middle half▲ 1.0pp83.3%above the sector's middle half▼ 8.3pp79.7%above the sector's middle half▼ 3.6pp89.8%above the sector's middle half▲ 10.1pp72.0%within the sector's middle half▼ 17.8pp
Current ratio2.26-1.49▼ 0.782.95within the sector's middle half▲ 1.464.56above the sector's middle half▲ 1.611.93within the sector's middle half▼ 2.631.86within the sector's middle half▼ 0.071.58within the sector's middle half▼ 0.281.16within the sector's middle half▼ 0.42
Return on assets (ROA)5.0%--14.1%▼ 19.1pp7.0%within the sector's middle half▲ 21.1pp-2.6%below the sector's middle half▼ 9.6pp0.5%below the sector's middle half▲ 3.1pp1.0%below the sector's middle half▲ 0.5pp-16.9%below the sector's middle half▼ 17.9pp-8.4%below the sector's middle half▲ 8.5pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 a loss of €6,993, smaller than the loss of €12,864 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €86,666
Fixed assets
€58,558 ▼ 10.1%
Current assets
€28,108 ▲ 125%
Equity and liabilities €86,666
Equity
€62,363 ▼ 10.5%
Debt
€24,302 ▲ 207%
Debt's share of the balance-sheet total rises from 10.2% to 28.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€446▲
2024 · -€5,786
Cash flow
-€761▲
2024 · -€6,027
Debt to equity
0.39▲
2024 · 0.11
ROE
-11.7%▲
2024 · -18.8%
Interest coverage
-3.17▲
2024 · -19.48
Debt ≤ 1 year
€24,296▲
2024 · €7,907
Income taxes
€174▼
2024 · €200
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,221 | - | €1,289 | €743 | - |
| Depreciation and write-downs of the year | €7,828 | €7,462 | €6,734 | €7,078 | €6,547 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,922 | €8,638 | €6,847 | €7,828 | €7,462 | €6,734 | €7,078 | €6,547 | ▼ 7.5% |
| Other operating charges640/8 | - | - | - | €1,782 | €1,181 | €2,537 | €1,391 | €1,583 | ▲ 13.8% |
| Gross operating margin9900 | €28,621 | -€6,168 | €19,711 | €8,634 | €12,459 | €14,135 | -€4,395 | €1,137 | - |
| Operating profit (loss)9901 | €15,495 | -€17,337 | €11,271 | -€976 | €3,816 | €4,864 | -€12,864 | -€6,993 | ▲ 45.6% |
| Financial income75/76B | - | - | - | €0 | €131 | €120 | €256 | €1 | ▼ 99.8% |
| Recurring financial income75 | €71 | €105 | €294 | €0 | €131 | €120 | €256 | €1 | ▼ 99.8% |
| Financial charges65/66B | - | - | - | €636 | €535 | €399 | €297 | €141 | ▼ 52.6% |
| Recurring financial charges65 | €1,080 | €740 | €332 | €636 | €535 | €399 | €297 | €141 | ▼ 52.6% |
| Profit (loss) for the period before taxes9903 | €14,485 | -€17,973 | €11,233 | -€1,612 | €3,412 | €4,584 | -€12,905 | -€7,134 | ▲ 44.7% |
| Income taxes67/77 | €6,613 | €362 | €2,665 | €1,491 | €2,847 | €3,493 | €200 | €174 | ▼ 12.7% |
| Profit (loss) for the period9904 | €7,872 | -€18,335 | €8,568 | -€3,104 | €565 | €1,091 | -€13,105 | -€7,308 | ▲ 44.2% |
| Transfer from tax-exempt reserves789 | - | - | - | €3,750 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €7,872 | -€18,335 | €8,568 | €646 | €565 | €1,091 | -€13,105 | -€7,308 | ▲ 44.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €157,460 | €130,240 | €122,655 | €117,983 | €113,314 | €113,758 | €77,578 | €86,666 | ▲ 11.7% |
| Fixed assets21/28 | €97,577 | €89,243 | €88,954 | €84,347 | €76,886 | €71,441 | €65,105 | €58,558 | ▼ 10.1% |
| Intangible fixed assets21 | €1,176 | €882 | €588 | €294 | - | - | - | - | - |
| Tangible fixed assets22/27 | €96,401 | €88,361 | €88,366 | €84,053 | €76,886 | €71,441 | €65,105 | €58,558 | ▼ 10.1% |
| Land and buildings22 | - | - | - | €70,682 | €67,015 | €63,349 | €59,683 | €56,017 | ▼ 6.1% |
| Plant, machinery and equipment23 | - | - | - | €1,620 | €835 | €1,736 | €1,553 | €627 | ▼ 59.6% |
| Furniture and vehicles24 | - | - | - | €2,398 | €2,006 | €1,615 | €1,223 | €831 | ▼ 32.1% |
| Other tangible fixed assets26 | - | - | - | €9,353 | €7,029 | €4,741 | €2,646 | €1,083 | ▼ 59.1% |
| Current assets29/58 | €59,883 | €40,997 | €33,701 | €33,636 | €36,428 | €42,317 | €12,473 | €28,108 | ▲ 125% |
| Amounts receivable within one year40/41 | €28,348 | €30,387 | €16,604 | €9,157 | €24,366 | €18,394 | €5,951 | €14,162 | ▲ 138% |
| Trade receivables40 | - | - | - | €5,756 | €24,362 | €18,391 | €3,933 | €12,167 | ▲ 209% |
| Other amounts receivable41 | - | - | - | €3,401 | €4 | €4 | €2,018 | €1,995 | ▼ 1.1% |
| Cash at bank and in hand54/58 | €26,951 | €5,944 | €12,935 | €24,479 | €8,356 | €19,556 | €2,150 | €10,642 | ▲ 395% |
| Deferred charges and accrued income490/1 | - | - | - | - | €3,705 | €4,367 | €4,372 | €3,304 | ▼ 24.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €157,460 | €130,240 | €122,655 | €117,983 | €113,314 | €113,758 | €77,578 | €86,666 | ▲ 11.7% |
| Equity10/15 | €120,984 | €102,649 | €111,217 | €108,114 | €94,421 | €90,648 | €69,672 | €62,363 | ▼ 10.5% |
| Contributions10/11 | €13,200 | €13,200 | €13,200 | €13,200 | €13,200 | €13,200 | €13,200 | €13,200 | = |
| Capital10 | - | - | - | €13,200 | €13,200 | - | - | - | - |
| Issued capital100 | - | - | - | €18,592 | €18,592 | - | - | - | - |
| Uncalled capital101 | - | - | - | €5,392 | €5,392 | - | - | - | - |
| Contributions outside capital11 | - | - | - | - | - | €13,200 | €13,200 | €13,200 | = |
| Other1109/19 | - | - | - | - | - | €13,200 | €13,200 | €13,200 | = |
| Reserves13 | €62,602 | €62,602 | €71,171 | €68,067 | €54,374 | €49,511 | €41,639 | €41,639 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | - | - | €1,859 | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | - | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | €66,208 | €52,515 | €47,652 | €39,780 | €39,780 | = |
| Profit (loss) carried forward14 | €45,182 | €26,847 | €26,847 | €26,847 | €26,847 | €27,937 | €14,832 | €7,524 | ▼ 49.3% |
| Amounts payable17/49 | €36,476 | €27,591 | €11,437 | €9,869 | €18,893 | €23,110 | €7,907 | €24,302 | ▲ 207% |
| Amounts payable after more than one year17 | €10,019 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €26,456 | €27,591 | €11,437 | €7,374 | €18,876 | €22,777 | €7,907 | €24,296 | ▲ 207% |
| Trade debts44 | €8,661 | €10,363 | €7,299 | €900 | - | €594 | €2,331 | €6,180 | ▲ 165% |
| Suppliers440/4 | - | - | - | €900 | - | €594 | €2,331 | €6,180 | ▲ 165% |
| Taxes, remuneration and social security45 | - | - | - | €6,474 | €5,732 | €10,550 | €4,142 | €2,568 | ▼ 38.0% |
| Taxes450/3 | - | - | - | €6,474 | €5,732 | €10,550 | €4,142 | €2,568 | ▼ 38.0% |
| Other amounts payable47/48 | - | - | - | - | €13,144 | €11,633 | €1,434 | €15,548 | ▲ 984% |
| Accrued charges and deferred income492/3 | - | - | - | €2,495 | €16 | €333 | - | €6 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,872 | -€18,335 | €8,568 | -€3,104 | €565 | €1,091 | -€13,105 | -€7,308 | ▲ 44.2% |
| + Depreciation and write-downs630 | €10,922 | €8,638 | €6,847 | €7,828 | €7,462 | €6,734 | €7,078 | €6,547 | ▼ 7.5% |
| Operating cash flow (approximation) | €18,794 | -€9,697 | €15,416 | €4,724 | €8,027 | €7,825 | -€6,027 | -€761 | ▲ 87.4% |
| Investment in fixed assets (approximation) | - | -€304 | -€6,559 | -€3,221 | €0 | -€1,289 | -€743 | €0 | - |
| Change in cash | - | -€21,007 | €6,990 | €11,544 | -€16,122 | €11,199 | -€17,406 | €8,491 | - |
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, 12,322 companies had the same profile as PROCONIM has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PROCONIM itself: 0.7% 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 12,322 companies, not a prediction for PROCONIM. 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 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-07-2026 | 2026-00287185 | |
| 31-12-2024 | micro format | 16-10-2025 | 2025-00543727 | |
| 31-12-2023 | micro format | 21-10-2024 | 2024-00510540 | |
| 31-12-2022 | micro format | 16-10-2023 | 2023-00486014 | |
| 31-12-2021 | micro format | 24-12-2022 | 2022-20548463 | |
| 31-12-2020 | micro format | 02-11-2021 | 2021-76000320 | |
| 31-12-2019 | micro format | 18-09-2020 | 2020-54000008 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-57400288 | |
| 31-12-2017 | micro format | 29-08-2018 | 2018-52800027 | |
| 31-12-2016 | micro format | 11-09-2017 | 2017-60700433 |