PROCRASTINATION
ActiveSummary
PROCRASTINATION has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €668k and a net result of €111k. Equity is growing by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 63% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+2
Solvency95▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 3.74 against 3.11 in 2023; short-term debt: 25.1% and cash: 0% of total assets), and 30% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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 2024Solvency, return and age of the figures
Solvency
70%
Return on assets
11.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
40 d early
2022
13 d early
2021
6 d early
2020
26 d early
2019
22 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€668k▲ 20.0%
2023 · €557k
2018: €151klowest in 7 years
2019: €219k▲ +44.7% vs 2018
2020: €299k▲ +36.6% vs 2019
2021: €380k▲ +27.2% vs 2020
2022: €479k▲ +26.1% vs 2021
2023: €557k▲ +16.3% vs 2022
2024: €668k▲ +20.0% vs 2023highest in 7 years
2018 → 2024
Total assets
€955k▲ 16.4%
2023 · €820k
2018: €427klowest in 7 years
2019: €483k▲ +13.0% vs 2018
2020: €540k▲ +11.9% vs 2019
2021: €620k▲ +14.8% vs 2020
2022: €705k▲ +13.6% vs 2021
2023: €820k▲ +16.5% vs 2022
2024: €955k▲ +16.4% vs 2023highest in 7 years
2018 → 2024
Net result
€111k▲ 42.6%
2023 · €78k
2018: €48klowest in 7 years
2019: €67k▲ +39.7% vs 2018
2020: €80k▲ +18.7% vs 2019
2021: €81k▲ +1.3% vs 2020
2022: €99k▲ +22.4% vs 2021
2023: €78k▼ -21.4% vs 2022
2024: €111k▲ +42.6% vs 2023highest in 7 years
2018 → 2024
Working capital
€657k▲ 18.1%
2023 · €556k
2018: €147klowest in 7 years
2019: €227k▲ +54.3% vs 2018
2020: €297k▲ +31.1% vs 2019
2021: €377k▲ +26.9% vs 2020
2022: €473k▲ +25.4% vs 2021
2023: €556k▲ +17.5% vs 2022
2024: €657k▲ +18.1% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€299k-€380k▲ 27.2%€479k▲ 26.1%€557k▲ 16.3%€668k▲ 20.0%
2020: €299klowest in 5 years
2021: €380k▲ +27.2% vs 2020
2022: €479k▲ +26.1% vs 2021
2023: €557k▲ +16.3% vs 2022
2024: €668k▲ +20.0% vs 2023highest in 5 years
Operating result€111k-€105k▼ 5.7%€138k▲ 31.4%€127k▼ 7.9%€151k▲ 19.0%
2020: €111k
2021: €105k▼ -5.7% vs 2020lowest in 5 years
2022: €138k▲ +31.4% vs 2021
2023: €127k▼ -7.9% vs 2022
2024: €151k▲ +19.0% vs 2023highest in 5 years
Net result€80k-€81k▲ 1.3%€99k▲ 22.4%€78k▼ 21.4%€111k▲ 42.6%
2020: €80k
2021: €81k▲ +1.3% vs 2020
2022: €99k▲ +22.4% vs 2021
2023: €78k▼ -21.4% vs 2022lowest in 5 years
2024: €111k▲ +42.6% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 19% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €955k
Fixed assets
€59k ▲ 4,646%
Current assets
€896k ▲ 9.4%
Equity and liabilities €955k
Equity
€668k ▲ 20.0%
Debt
€287k ▲ 8.8%
Debt's share of the balance-sheet total falls from 32.1% to 30.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€156k▲
2023 · €140k
Cash flow
€117k▲
2023 · €91k
Current ratio
3.74▲
2023 · 3.11
Debt to equity
0.43▼
2023 · 0.47
ROE
16.7%▲
2023 · 14.0%
ROA
11.7%▲
2023 · 9.5%
Interest coverage
19.82▼
2023 · 22.48
Debt ≤ 1 year
€240k▼
2023 · €263k
Debt > 1 year
€47k
Income taxes
€60k▼
2023 · €64k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€820k€955k▲
Fixed assets21/28€1k€59k▲
Tangible fixed assets22/27€1k€59k▲
Furniture and vehicles24€1k€483▼
Leasing and similar rights25-€58k
Current assets29/58€819k€896k▲
Amounts receivable after more than one year29€683k€683k=
Other amounts receivable291€683k€683k=
Amounts receivable within one year40/41€134k€211k▲
Trade receivables40€16k-
Other amounts receivable41€119k€211k▲
Cash at bank and in hand54/58€1k€11▼
Deferred charges and accrued income490/1€605€2k▲
Equity and liabilities
Total equity and liabilities10/49€820k€955k▲
Equity10/15€557k€668k▲
Contributions10/11€12k€12k=
Reserves13€537k€648k▲
Distributable reserves133€537k€648k▲
Profit (loss) carried forward14€8k€8k=
Amounts payable17/49€263k€287k▲
Amounts payable after more than one year17-€47k
Financial debts170/4-€47k
Amounts payable within one year42/48€263k€240k▼
Current portion of amounts payable after more than one year42€8k€11k▲
Financial debts43€29k€26k▼
Credit institutions430/8€29k€26k▼
Trade debts44€15k€7k▼
Suppliers440/4€15k€7k▼
Taxes, remuneration and social security45€141k€126k▼
Taxes450/3€141k€126k▼
Other amounts payable47/48€70k€70k▼
Income statement
Code20232024
Non-recurring operating income76A-€11k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€6k▼
Other operating charges640/8€4k€11k▲
Gross operating margin9900€143k€168k▲
Operating profit (loss)9901€127k€151k▲
Financial income75/76B€22k€29k▲
Recurring financial income75€22k€29k▲
Financial charges65/66B€6k€8k▲
Recurring financial charges65€6k€8k▲
Profit (loss) for the period before taxes9903€142k€172k▲
Income taxes67/77€64k€60k▼
Profit (loss) for the period9904€78k€111k▲
Profit (loss) for the period to be appropriated9905€78k€111k▲
Appropriation of the result
Profit (loss) to be appropriated9906€86k€119k▲
Profit (loss) brought forward from the previous period14P€8k€8k=
Transfer to equity691/2€78k€111k▲
To other reserves6921€78k€111k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €11k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €14k | €13k | €13k | €6k | ▼ 56.7% |
| Other operating charges640/8 | - | €3k | €2k | €4k | €11k | ▲ 204% |
| Gross operating margin9900 | €130k | €121k | €153k | €143k | €168k | ▲ 17.0% |
| Operating profit (loss)9901 | €111k | €105k | €138k | €127k | €151k | ▲ 19.0% |
| Financial income75/76B | - | €22k | €19k | €22k | €29k | ▲ 31.5% |
| Recurring financial income75 | €19k | €22k | €19k | €22k | €29k | ▲ 31.5% |
| Financial charges65/66B | - | €6k | €7k | €6k | €8k | ▲ 27.1% |
| Recurring financial charges65 | €8k | €6k | €7k | €6k | €8k | ▲ 27.1% |
| Profit (loss) for the period before taxes9903 | €123k | €121k | €149k | €142k | €172k | ▲ 20.6% |
| Income taxes67/77 | €43k | €40k | €50k | €64k | €60k | ▼ 6.2% |
| Profit (loss) for the period9904 | €80k | €81k | €99k | €78k | €111k | ▲ 42.6% |
| Profit (loss) for the period to be appropriated9905 | €80k | €81k | €99k | €78k | €111k | ▲ 42.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €540k | €620k | €705k | €820k | €955k | ▲ 16.4% |
| Fixed assets21/28 | €38k | €25k | €14k | €1k | €59k | ▲ 4,646% |
| Tangible fixed assets22/27 | €38k | €25k | €14k | €1k | €59k | ▲ 4,646% |
| Furniture and vehicles24 | - | €5k | €4k | €1k | €483 | ▼ 61.0% |
| Leasing and similar rights25 | - | €19k | €10k | - | €58k | - |
| Current assets29/58 | €502k | €596k | €690k | €819k | €896k | ▲ 9.4% |
| Amounts receivable after more than one year29 | - | €350k | €683k | €683k | €683k | = |
| Other amounts receivable291 | - | €350k | €683k | €683k | €683k | = |
| Amounts receivable within one year40/41 | €134k | €246k | €4k | €134k | €211k | ▲ 57.3% |
| Trade receivables40 | - | €764 | €4k | €16k | - | - |
| Other amounts receivable41 | - | €245k | - | €119k | €211k | ▲ 77.9% |
| Cash at bank and in hand54/58 | €13 | €372 | €3k | €1k | €11 | ▼ 99.2% |
| Deferred charges and accrued income490/1 | - | - | €357 | €605 | €2k | ▲ 206% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €540k | €620k | €705k | €820k | €955k | ▲ 16.4% |
| Equity10/15 | €299k | €380k | €479k | €557k | €668k | ▲ 20.0% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €279k | €360k | €459k | €537k | €648k | ▲ 20.7% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €358k | €457k | €537k | €648k | ▲ 20.7% |
| Profit (loss) carried forward14 | €8k | €8k | €8k | €8k | €8k | = |
| Amounts payable17/49 | €242k | €240k | €226k | €263k | €287k | ▲ 8.8% |
| Amounts payable after more than one year17 | €37k | €22k | €8k | - | €47k | - |
| Financial debts170/4 | - | €22k | €8k | - | €47k | - |
| Amounts payable within one year42/48 | €205k | €218k | €217k | €263k | €240k | ▼ 9.1% |
| Current portion of amounts payable after more than one year42 | - | €15k | €15k | €8k | €11k | ▲ 39.9% |
| Financial debts43 | - | €27k | €26k | €29k | €26k | ▼ 12.4% |
| Credit institutions430/8 | - | €27k | €26k | €29k | €26k | ▼ 12.4% |
| Trade debts44 | €1k | €5k | €4k | €15k | €7k | ▼ 54.6% |
| Suppliers440/4 | - | €5k | €4k | €15k | €7k | ▼ 54.6% |
| Taxes, remuneration and social security45 | - | €101k | €101k | €141k | €126k | ▼ 10.9% |
| Taxes450/3 | - | €101k | €101k | €141k | €126k | ▼ 10.9% |
| Other amounts payable47/48 | - | €70k | €71k | €70k | €70k | ▼ 0.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €80k | €81k | €99k | €78k | €111k | ▲ 42.6% |
| + Depreciation and write-downs630 | €13k | €14k | €13k | €13k | €6k | ▼ 56.7% |
| Operating cash flow (approximation) | €93k | €95k | €113k | €91k | €117k | ▲ 28.5% |
| Investment in fixed assets (approximation) | - | €0 | €-3k | €0 | €-63k | - |
| Change in cash | - | €358 | €2k | €-1k | €-1k | ▲ 13.4% |
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
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €111k ▲42.6%
Operating result €151k, net result €111k, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500kEq €557k ▲16.3%
6 profitable years in a row build equity to €557k.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €219k ▲44.7%
2 profitable years in a row build equity to €219k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Schaarbeek · 1 establishment unit since 2007
Ground area
577 m²
Building footprint
236 m²
Volume, LiDAR
3,994 m³
2 parcels, Brussels · tallest building 25.6 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PROCRASTINATION
since 20072.164.005.365
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0211/00Y003 | Brussels | 417 m² | 1 · 156 m² | 25.6 m · 7 fl. |
| 21906D0089/00M004 | Brussels | 160 m² | 1 · 80 m² | 14.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 5,699 companies in sector 70100 we hold annual accounts for 3,495. 2,086 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
Founded28-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
Scores and ratios are computed by Checked and are not a credit decision.