PRODETEC
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 25 days after the deadline Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00422662.
Annual accounts 2025 filed on 25-08-2026 at the NBB all 19 filings
Turnover
€206,907
EBIT margin
8.7%
Net result
-€6,675
2024 · €38,885
Working capital
€23,364▼ 25.3%
2024 · €31,282
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€5,034
▼ 93.4%
2025
20182025
Net result
-€6,675
2025
lowest quarter of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€235,207
▼ 2.8%
2025
middle half of the sector
20182025
Total assets
€352,682
▼ 0.1%
2025
middle half of the sector
20182025
Debt
€117,476
▲ 5.5%
2025
20182025
Working capital
€23,364
▼ 25.3%
2025
middle half of the sector
20182025
Solvency
66.7%
▼ 1.8pp
2025
highest quarter of the sector
20182025
Current ratio
1.34
▼ 0.23
2025
middle half of the sector
20182025
Return on assets (ROA)
-1.9%
▼ 12.9pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€206,907
Operating result€6,999-€8,822▲ 26.1%€45,440▲ 415%€98,954▲ 118%€17,946▼ 81.9%€25,181▲ 40.3%€76,162▲ 202%€5,034▼ 93.4%
Net result€1,401--€1,088€28,818above the sector's middle half€71,512above the sector's middle half▲ 148%€7,337within the sector's middle half▼ 89.7%€7,177within the sector's middle half▼ 2.2%€38,885within the sector's middle half▲ 442%-€6,675below the sector's middle half
EBIT margin8.7%
Equity€96,175-€95,087▼ 1.1%€124,401above the sector's middle half▲ 30.8%€195,913above the sector's middle half▲ 57.5%€195,820within the sector's middle half=€202,997above the sector's middle half▲ 3.7%€241,882within the sector's middle half▲ 19.2%€235,207within the sector's middle half▼ 2.8%
Total assets€246,861-€217,889▼ 11.7%€270,789within the sector's middle half▲ 24.3%€256,299within the sector's middle half▼ 5.4%€545,152within the sector's middle half▲ 113%€419,966above the sector's middle half▼ 23.0%€353,205within the sector's middle half▼ 15.9%€352,682within the sector's middle half▼ 0.1%
Debt€150,686-€122,802▼ 18.5%€146,388▲ 19.2%€60,386▼ 58.7%€349,332▲ 478%€216,969▼ 37.9%€111,323▼ 48.7%€117,476▲ 5.5%
Working capital€89,491-€95,417▲ 6.6%€120,325above the sector's middle half▲ 26.1%€172,676above the sector's middle half▲ 43.5%-€69,097below the sector's middle half-€43,869below the sector's middle half▲ 36.5%€31,282within the sector's middle half€23,364within the sector's middle half▼ 25.3%
Solvency39.0%-43.6%▲ 4.7pp45.9%within the sector's middle half▲ 2.3pp76.4%above the sector's middle half▲ 30.5pp35.9%within the sector's middle half▼ 40.5pp48.3%within the sector's middle half▲ 12.4pp68.5%above the sector's middle half▲ 20.1pp66.7%above the sector's middle half▼ 1.8pp
Current ratio1.65-1.81▲ 0.161.82within the sector's middle half▲ 0.013.86above the sector's middle half▲ 2.040.75below the sector's middle half▼ 3.110.70below the sector's middle half▼ 0.051.58within the sector's middle half▲ 0.881.34within the sector's middle half▼ 0.23
Return on assets (ROA)0.6%--0.5%▼ 1.1pp10.6%within the sector's middle half▲ 11.1pp27.9%above the sector's middle half▲ 17.3pp1.3%within the sector's middle half▼ 26.6pp1.7%within the sector's middle half▲ 0.4pp11.0%within the sector's middle half▲ 9.3pp-1.9%below the sector's middle half▼ 12.9pp
Staff (FTE)1-1=1.1within the sector's middle half▲ 10.0%1▼ 9.1%1below the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 93% lower than in 2024 and the lowest since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €352,682
Fixed assets
€260,841 ▼ 2.5%
Current assets
€91,842 ▲ 7.2%
Equity and liabilities €352,682
Equity
€235,207 ▼ 2.8%
Debt
€117,476 ▲ 5.5%
Debt's share of the balance-sheet total rises from 31.5% to 33.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€19,741▼
2024 · €91,127
Cash flow
€8,032▼
2024 · €53,850
Debt to equity
0.50▲
2024 · 0.46
ROE
-2.8%▼
2024 · 16.1%
Interest coverage
2.90▼
2024 · 12.20
Debt ≤ 1 year
€68,478▲
2024 · €54,385
Debt > 1 year
€48,998▼
2024 · €56,939
Income taxes
€4,944▼
2024 · €30,344
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| in full-time equivalents | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 |
| On a permanent contract | 1 | 1 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €24,727 | €379,535 | €28,972 | - | - |
| Depreciation and write-downs of the year | €5,566 | €11,857 | €22,400 | €14,965 | €14,707 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €206,907 | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | - | - | - | €8,264 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €158,495 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €2,581 | -€5,707 | €328 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,627 | €14,815 | €1,720 | €5,566 | €11,857 | €22,400 | €14,965 | €14,707 | ▼ 1.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | -€1,168 | €2,422 | - | - | - |
| Other operating charges640/8 | - | - | - | €511 | €34,715 | €29,231 | €4,193 | €6,239 | ▲ 48.8% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €14,172 | €1,192 | ▼ 91.6% |
| Gross operating margin9900 | €86,267 | €66,316 | €72,377 | €107,613 | €57,642 | €79,561 | €109,492 | €27,172 | ▼ 75.2% |
| Operating profit (loss)9901 | €6,999 | €8,822 | €45,440 | €98,954 | €17,946 | €25,181 | €76,162 | €5,034 | ▼ 93.4% |
| Financial income75/76B | - | - | - | €2 | €140 | €66 | €538 | €33 | ▼ 93.9% |
| Recurring financial income75 | - | €0 | €0 | €2 | €140 | €66 | €538 | €33 | ▼ 93.9% |
| Financial charges65/66B | - | - | - | €2,665 | €4,843 | €9,618 | €7,472 | €6,797 | ▼ 9.0% |
| Recurring financial charges65 | €1,721 | €6,033 | €3,124 | €2,665 | €4,843 | €9,618 | €7,472 | €6,797 | ▼ 9.0% |
| Profit (loss) for the period before taxes9903 | €5,278 | €2,790 | €42,316 | €96,291 | €13,242 | €15,629 | €69,228 | -€1,731 | - |
| Income taxes67/77 | €3,877 | €3,877 | €13,498 | €24,780 | €5,905 | €8,452 | €30,344 | €4,944 | ▼ 83.7% |
| Profit (loss) for the period9904 | €1,401 | -€1,088 | €28,818 | €71,512 | €7,337 | €7,177 | €38,885 | -€6,675 | - |
| Profit (loss) for the period to be appropriated9905 | €1,401 | -€1,088 | €28,818 | €71,512 | €7,337 | €7,177 | €38,885 | -€6,675 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €246,861 | €217,889 | €270,789 | €256,299 | €545,152 | €419,966 | €353,205 | €352,682 | ▼ 0.1% |
| Fixed assets21/28 | €19,072 | €4,297 | €4,076 | €23,237 | €337,145 | €319,094 | €267,538 | €260,841 | ▼ 2.5% |
| Tangible fixed assets22/27 | €19,072 | €4,297 | €4,076 | €23,237 | €337,145 | €319,069 | €267,513 | €260,816 | ▼ 2.5% |
| Land and buildings22 | - | - | - | - | €267,159 | €259,059 | €250,959 | €242,859 | ▼ 3.2% |
| Plant, machinery and equipment23 | - | - | - | €4,759 | €5,374 | €5,078 | €476 | €180 | ▼ 62.2% |
| Furniture and vehicles24 | - | - | - | €18,477 | €64,612 | €54,932 | €16,078 | €17,777 | ▲ 10.6% |
| Financial fixed assets28 | - | - | - | - | - | €25 | €25 | €25 | = |
| Current assets29/58 | €227,789 | €213,592 | €266,713 | €233,062 | €208,007 | €100,872 | €85,667 | €91,842 | ▲ 7.2% |
| Amounts receivable after more than one year29 | - | - | - | €100,000 | €100,000 | €0 | - | - | - |
| Other amounts receivable291 | - | - | - | €100,000 | €100,000 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €82,353 | €55,987 | €52,488 | €51,630 | €57,123 | €48,422 | €32,357 | €57,374 | ▲ 77.3% |
| Trade receivables40 | - | - | - | €5,906 | €7,303 | €14,623 | €395 | €13,215 | ▲ 33× |
| Other amounts receivable41 | - | - | - | €45,725 | €49,820 | €33,799 | €31,962 | €44,158 | ▲ 38.2% |
| Cash at bank and in hand54/58 | €45,436 | €57,605 | €114,225 | €81,432 | €50,884 | €52,227 | €53,310 | €34,143 | ▼ 36.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €223 | - | €325 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €246,861 | €217,889 | €270,789 | €256,299 | €545,152 | €419,966 | €353,205 | €352,682 | ▼ 0.1% |
| Equity10/15 | €96,175 | €95,087 | €124,401 | €195,913 | €195,820 | €202,997 | €241,882 | €235,207 | ▼ 2.8% |
| Contributions10/11 | €16,000 | €16,000 | - | €16,000 | €16,000 | €16,000 | €16,000 | €16,000 | = |
| Reserves13 | €16,860 | €16,860 | €16,860 | €16,860 | €16,860 | €16,860 | €16,860 | €16,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | €63,315 | €62,227 | €91,541 | €163,053 | €162,960 | €170,137 | €209,022 | €202,347 | ▼ 3.2% |
| Amounts payable17/49 | €150,686 | €122,802 | €146,388 | €60,386 | €349,332 | €216,969 | €111,323 | €117,476 | ▲ 5.5% |
| Amounts payable after more than one year17 | €12,388 | €4,627 | - | - | €72,228 | €72,228 | €56,939 | €48,998 | ▼ 13.9% |
| Financial debts170/4 | - | - | - | - | €72,228 | €72,228 | €56,939 | €48,998 | ▼ 13.9% |
| Amounts payable within one year42/48 | €138,298 | €118,176 | €146,388 | €60,386 | €277,104 | €144,741 | €54,385 | €68,478 | ▲ 25.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,323 | €19,656 | €0 | €7,742 | €7,940 | ▲ 2.6% |
| Financial debts43 | - | - | - | - | €34 | - | €34 | €34 | = |
| Credit institutions430/8 | - | - | - | - | €34 | - | €34 | €34 | = |
| Trade debts44 | €59,078 | €36,201 | €12,117 | €7,950 | €27,110 | €56,581 | €20,098 | €20,784 | ▲ 3.4% |
| Suppliers440/4 | - | - | - | €7,950 | €27,110 | €56,581 | €20,098 | €20,784 | ▲ 3.4% |
| Advances received on contracts in progress46 | - | - | - | €5,047 | €5,047 | €5,047 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €33,395 | €40,960 | €25,589 | €25,732 | €20,313 | ▼ 21.1% |
| Taxes450/3 | - | - | - | €26,397 | €38,432 | €12,198 | €25,732 | €20,313 | ▼ 21.1% |
| Remuneration and social security454/9 | - | - | - | €6,999 | €2,528 | €13,391 | - | - | - |
| Other amounts payable47/48 | - | - | - | €1,671 | €184,298 | €57,524 | €780 | €19,406 | ▲ 25× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,401 | -€1,088 | €28,818 | €71,512 | €7,337 | €7,177 | €38,885 | -€6,675 | - |
| + Depreciation and write-downs630 | €26,627 | €14,815 | €1,720 | €5,566 | €11,857 | €22,400 | €14,965 | €14,707 | ▼ 1.7% |
| Operating cash flow (approximation) | €28,028 | €13,728 | €30,538 | €77,078 | €19,194 | €29,577 | €53,850 | €8,032 | ▼ 85.1% |
| Investment in fixed assets (approximation) | - | -€40 | -€1,500 | -€24,727 | -€325,765 | -€4,348 | €36,591 | -€8,010 | - |
| Change in cash | - | €12,169 | €56,619 | -€32,793 | -€30,548 | €1,343 | €1,083 | -€19,167 | - |
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 PRODETEC 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 PRODETEC itself: 0.5% 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 PRODETEC. 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 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 25-08-2026 | 2026-00422662 | |
| 31-12-2024 | full format | 29-09-2025 | 2025-00513329 | |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00374216 | |
| 31-12-2022 | full format | 29-09-2025 | 2025-00513317 | |
| 31-12-2021 | micro format | 12-12-2022 | 2022-20535178 | |
| 31-12-2020 | micro format | 30-12-2021 | 2021-82500315 | |
| 31-12-2019 | micro format | 15-12-2020 | 2020-75700148 | |
| 31-12-2018 | micro format | 10-12-2019 | 2019-75600339 | |
| 31-12-2017 | full format | 22-02-2019 | 2019-05500256 | |
| 31-12-2016 | full format | 31-01-2018 | 2018-03100008 |