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PRODAN

Active
Public limited companyfounded 1985active for 41 yearsScheepvaartlaan 40, 3500 Hasselt, BelgiumKBO/BCE: BE 0427.785.440
Summary

The computed 12-month bankruptcy probability of PRODAN is 6.2% (elevated). The 2024 annual accounts show equity of €303,971 and a net result of -€97,187. Equity remains stable across the filed financial years (±0.8% per year). The company has been active since 1985 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags).

Overview

Activity
Activity not known1 site
Size
€652,792total assets 2024
Equity
€303,971
Loss
-€97,187
Turnover not published (micro format)
Financial health
34 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
6.2%
Structure
Accounts 77 days overdue0 of 2 deeds read
Why 34raises riskFigures for financial year 2024 (filed 02-08-2025)Loss of €97,187, the second in a row (financial year 2024)Liquidity: current ratio 1.87, cash €707lowers riskSize: total assets €652,792Show the evidence

Checked score

Score 2024
34 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 20% of its sector peers (no NACE code, micro)
Financial strength · tick = 2023
Weak
Solvency 72-4
equity 46.6% of total assets
Liquidity 23-2
short-term debt 53.4% · cash 0.1%
Profitability 0-37
return on assets -14.9%
Bankruptcy probability, 12 months
6.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 3.6% 12-2024: 4.3%▲ +0.7 percentage points vs 11-2024 01-2025: 7.6%▲ +3.3 percentage points vs 12-2024 02-2025: 13.4%▲ +5.8 percentage points vs 01-2025 03-2025: 13.6%▲ +0.2 percentage points vs 02-2025highest value 04-2025: 13.1%▼ -0.5 percentage points vs 03-2025 05-2025: 13.1%● unchanged vs 04-2025 06-2025: 13.1%● unchanged vs 05-2025 07-2025: 13.1%● unchanged vs 06-2025 08-2025: 4.7%▼ -8.4 percentage points vs 07-2025 09-2025: 3.6%▼ -1.1 percentage points vs 08-2025 10-2025: 3.6%● unchanged vs 09-2025 11-2025: 3.6%● unchanged vs 10-2025 12-2025: 3.6%● unchanged vs 11-2025 01-2026: 3.6%● unchanged vs 12-2025 02-2026: 3.6%● unchanged vs 01-2026 03-2026: 3.7%▲ +0.1 percentage points vs 02-2026 04-2026: 3.6%▼ -0.1 percentage points vs 03-2026 05-2026: 3.5%▼ -0.1 percentage points vs 04-2026 06-2026: 3.4%▼ -0.1 percentage points vs 05-2026lowest value 07-2026: 3.4%● unchanged vs 06-2026 08-2026: 4.6%▲ +1.2 percentage points vs 07-2026 09-2026: 4.8%▲ +0.2 percentage points vs 08-2026 10-2026: 6.2%▲ +1.4 percentage points vs 09-2026
Credit of up to €10,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity ample (current ratio 1.87, compared with 2.02 in 2023, above the usual 1.5; short-term debt: 53.4% and cash: 0.1% of total assets), but 53.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 42% on solvency, 13% on liquidity, 9% on profitability and 16% on growth.

The bankruptcy probability was computed on 15-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Eight signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €652,792
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Figures for financial year 2024 (filed 02-08-2025)
NBB · annual accounts
raises risk · Loss of €97,187, the second in a row (financial year 2024)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.87, cash €707
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€97,187
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 77 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline16-10-2026 today
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 25-07-2025, 6 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
6 days early
2023
341 days late
2022
204 days late
2021
214 days late
2020
579 days late
2019
231 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 261 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
UBO non-compliance
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Annual accounts filedfinancial year 2023 · micro…
  3. UBO non-complianceevent 15-01-2025

Key points

  • Risk: 7 loss-making years in a rowloss financial year 2024 -€97,187 View
  • Caution: Result fell in 2024from -€2,043 to -€97,187 ▼ 4,658% View
  • Caution: Accounts not fileddeadline was 31-07-2026 77 days late View

By topic

Financials

Financial year
2024
Total assets
€652,792
Loss
-€97,187
Solvency
46.6%
Total assets▼ 17.6%
Net result
20182024
Go to Financials

Timeline

Events
42
Since
1986
  1. 31-12-2024Weakest financial year
  2. 20-02-2024Annual accounts filed
  3. 02-03-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
26-08-1985
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

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