PROCURO
InactivePROCURO was declared bankrupt on 17-04-2023 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed for insufficient assets by judgment of 13-05-2024, published in the Belgian State Gazette on 21-05-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline26-09-2026 today
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 04-08-2022, 4 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
4 d late
2020
46 d early
2019
51 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 31 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
-€181,406▼ 373%
2020 · -€38,315
Total assets
€14,106▼ 90.4%
2020 · €146,721
Net result
-€125,825▼ 624%
2020 · -€17,390
Working capital
-€193,772▼ 74.4%
2020 · -€111,097
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
Line2018201920202021
Operating result-€17,152--€14,152▲ 17.5%-€17,165▼ 21.3%-€88,858▼ 418%
Net result-€17,786--€14,435▲ 18.8%-€17,390▼ 20.5%-€125,825▼ 624%
Equity-€6,490--€20,925▼ 222%-€38,315▼ 83.1%-€181,406▼ 373%
Total assets€122,432-€149,497▲ 22.1%€146,721▼ 1.9%€14,106▼ 90.4%
Debt€128,922-€170,422▲ 32.2%€185,036▲ 8.6%€195,513▲ 5.7%
Working capital-€61,954--€100,716▼ 62.6%-€111,097▼ 10.3%-€193,772▼ 74.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €88,858 in 2021 against €17,165 in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €14,106
Fixed assets
€12,366 ▼ 83.0%
Current assets
€1,740 ▼ 97.6%
Key figures and ratios
EBITDA
-€82,443▼
2020 · -€10,156
Cash flow
-€119,409▼
2020 · -€10,380
Current ratio
0.01▼
2020 · 0.40
Debt to equity
-1.08
ROA
-892.0%▼
2020 · -11.9%
Interest coverage
-1.52
Debt ≤ 1 year
€195,513▲
2020 · €185,036
Income taxes
€146▲
2020 · €145
A ratio outside any meaningful range has been withheld (balance sheet total €14,106, equity -€181,406).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €826 | €7,009 | €7,010 | €6,416 | ▼ 8.5% |
| Other operating charges640/8 | - | - | - | €811 | - |
| Non-recurring operating charges66A | - | - | - | €72,431 | - |
| Gross operating margin9900 | -€14,907 | -€6,225 | -€9,341 | -€9,200 | ▲ 1.5% |
| Operating profit (loss)9901 | -€17,152 | -€14,152 | -€17,165 | -€88,858 | ▼ 418% |
| Financial income75/76B | - | - | - | €17,266 | - |
| Recurring financial income75 | €52 | - | - | €17,266 | - |
| Non-recurring financial income76B | - | - | - | €17,266 | - |
| Financial charges65/66B | - | - | - | €54,087 | - |
| Recurring financial charges65 | €74 | €53 | €79 | €54,087 | ▲ 68,045% |
| Profit (loss) for the period before taxes9903 | -€17,174 | -€14,205 | -€17,245 | -€125,679 | ▼ 629% |
| Income taxes67/77 | €612 | €230 | €145 | €146 | ▲ 0.7% |
| Profit (loss) for the period9904 | -€17,786 | -€14,435 | -€17,390 | -€125,825 | ▼ 624% |
| Profit (loss) for the period to be appropriated9905 | -€17,786 | -€14,435 | -€17,390 | -€125,825 | ▼ 624% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €122,432 | €149,497 | €146,721 | €14,106 | ▼ 90.4% |
| Fixed assets21/28 | €55,886 | €79,791 | €72,782 | €12,366 | ▼ 83.0% |
| Tangible fixed assets22/27 | €1,886 | €25,791 | €18,782 | €12,366 | ▼ 34.2% |
| Land and buildings22 | - | - | - | €0 | - |
| Furniture and vehicles24 | - | - | - | €12,366 | - |
| Financial fixed assets28 | €54,000 | €54,000 | €54,000 | €0 | ▼ 100% |
| Current assets29/58 | €66,546 | €69,705 | €73,939 | €1,740 | ▼ 97.6% |
| Amounts receivable within one year40/41 | €64,782 | €68,237 | €71,418 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €0 | - |
| Current investments50/53 | €7 | €7 | €7 | €7 | = |
| Cash at bank and in hand54/58 | €1,269 | €1,009 | €2,063 | €1,271 | ▼ 38.4% |
| Deferred charges and accrued income490/1 | - | - | - | €463 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €122,432 | €149,497 | €146,721 | €14,106 | ▼ 90.4% |
| Equity10/15 | -€6,490 | -€20,925 | -€38,315 | -€181,406 | ▼ 373% |
| Contributions10/11 | €40,230 | €40,230 | €0 | €40,230 | - |
| Outside capital11 | - | - | - | €40,230 | - |
| Other1109/19 | - | - | - | €40,230 | - |
| Reserves13 | €128,832 | €128,832 | €128,832 | €128,832 | = |
| Non-distributable reserves130/1 | - | - | - | €4,408 | - |
| Reserves not available under the articles1311 | - | - | - | €4,408 | - |
| Distributable reserves133 | - | - | - | €124,423 | - |
| Profit (loss) carried forward14 | -€192,819 | -€207,253 | -€224,643 | -€350,469 | ▼ 56.0% |
| Amounts payable17/49 | €128,922 | €170,422 | €185,036 | €195,513 | ▲ 5.7% |
| Amounts payable within one year42/48 | €128,499 | €170,422 | €185,036 | €195,513 | ▲ 5.7% |
| Trade debts44 | €665 | €2,420 | €484 | €2,640 | ▲ 445% |
| Suppliers440/4 | - | - | - | €2,640 | - |
| Taxes, remuneration and social security45 | - | - | - | €291 | - |
| Taxes450/3 | - | - | - | €291 | - |
| Other amounts payable47/48 | - | - | - | €192,581 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,786 | -€14,435 | -€17,390 | -€125,825 | ▼ 624% |
| + Depreciation and write-downs630 | €826 | €7,009 | €7,010 | €6,416 | ▼ 8.5% |
| Operating cash flow (approximation) | -€16,960 | -€7,425 | -€10,380 | -€119,409 | ▼ 1,050% |
| Investment in fixed assets (approximation) | - | -€30,915 | €0 | €54,000 | - |
| Change in cash | - | -€261 | €1,054 | -€792 | ▼ 175% |
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
2024
21-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 13-05-2024
2023
21-04
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 17-04-2023
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Weakest financial yearnet -€125,825
Net result drops to -€125,825, the lowest in the series.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
02-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
28-05
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
10-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PHILIPPE VAN DER HEYDEN NEETWEG 24, 2220 HEIST-
OP-DEN-BERG |
17-04-2023 → 13-05-2024 |