Produsim
ActiveSummary
Produsim has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €608k and a net result of €76k. Equity is growing by ~51.9% per year across the filed fiscal years. Its solvency ranks better than 65% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-9
Solvency77▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity short (current ratio 0.22 against 0.7 in 2024; short-term debt: 15.2% and cash: 2.4% of total assets), and 48.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51.8%
Return on assets
6.5%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-10-2025, 3 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
3 d early
2024
1 d early
2023
on the day
2022
3 d early
2021
2 d early
2020
30 d late
2019
34 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€608k▲ 4.6%
2024 · €582k
2019: €71klowest in 7 years
2020: €94k▲ +31.8% vs 2019
2021: €164k▲ +74.9% vs 2020
2022: €418k▲ +155% vs 2021
2023: €458k▲ +9.6% vs 2022
2024: €582k▲ +27.1% vs 2023
2025: €608k▲ +4.6% vs 2024highest in 7 years
2019 → 2025
Total assets
€1.17M▼ 8.8%
2024 · €1.29M
2019: €121klowest in 7 years
2020: €818k▲ +575% vs 2019
2021: €848k▲ +3.8% vs 2020
2022: €1.24M▲ +46.3% vs 2021
2023: €1.22M▼ -1.3% vs 2022
2024: €1.29M▲ +5.0% vs 2023highest in 7 years
2025: €1.17M▼ -8.8% vs 2024
2019 → 2025
Net result
€76k▼ 57.4%
2024 · €179k
2019: €22klowest in 7 years
2020: €23k▲ +3.1% vs 2019
2021: €73k▲ +224% vs 2020
2022: €67k▼ -8.0% vs 2021
2023: €99k▲ +46.9% vs 2022
2024: €179k▲ +81.5% vs 2023highest in 7 years
2025: €76k▼ -57.4% vs 2024
2019 → 2025
Working capital
€-138k▼ 80.4%
2024 · €-77k
2019: €35khighest in 7 years
2020: €-50k▼ -243% vs 2019
2021: €-25k▲ +49.6% vs 2020
2022: €-79k▼ -213% vs 2021
2023: €-118k▼ -49.3% vs 2022
2024: €-77k▲ +35.0% vs 2023
2025: €-138k▼ -80.4% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€164k-€418k▲ 155%€458k▲ 9.6%€582k▲ 27.1%€608k▲ 4.6%
2021: €164klowest in 5 years
2022: €418k▲ +155% vs 2021
2023: €458k▲ +9.6% vs 2022
2024: €582k▲ +27.1% vs 2023
2025: €608k▲ +4.6% vs 2024highest in 5 years
Operating result€98k-€102k▲ 4.5%€147k▲ 43.9%€248k▲ 69.2%€115k▼ 53.8%
2021: €98klowest in 5 years
2022: €102k▲ +4.5% vs 2021
2023: €147k▲ +43.9% vs 2022
2024: €248k▲ +69.2% vs 2023highest in 5 years
2025: €115k▼ -53.8% vs 2024
Net result€73k-€67k▼ 8.0%€99k▲ 46.9%€179k▲ 81.5%€76k▼ 57.4%
2021: €73k
2022: €67k▼ -8.0% vs 2021lowest in 5 years
2023: €99k▲ +46.9% vs 2022
2024: €179k▲ +81.5% vs 2023highest in 5 years
2025: €76k▼ -57.4% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 54% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.17M
Fixed assets
€1.13M ▲ 2.0%
Current assets
€40k ▼ 77.2%
Equity and liabilities €1.17M
Equity
€608k ▲ 4.6%
Provisions
€12k =
Debt
€553k ▼ 20.2%
Debt's share of the balance-sheet total falls from 53.8% to 47.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€175k▼
2024 · €307k
Cash flow
€136k▼
2024 · €238k
Current ratio
0.22▼
2024 · 0.70
Debt to equity
0.91▼
2024 · 1.19
ROE
12.5%▼
2024 · 30.8%
ROA
6.5%▼
2024 · 13.9%
Interest coverage
9.49▼
2024 · 29.01
Debt ≤ 1 year
€178k▼
2024 · €252k
Debt > 1 year
€365k▼
2024 · €429k
Income taxes
€20k▼
2024 · €59k
Staff costs
€2k
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 · 2025 against 2024 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.29M€1.17M▼
Fixed assets21/28€1.11M€1.13M▲
Intangible fixed assets21€1k€417▼
Tangible fixed assets22/27€610k€633k▲
Land and buildings22€597k€616k▲
Plant, machinery and equipment23€11k€3k▼
Furniture and vehicles24€1k€14k▲
Assets under construction and advance payments27€0-
Financial fixed assets28€500k€500k=
Current assets29/58€175k€40k▼
Amounts receivable within one year40/41€83k€11k▼
Trade receivables40€25k€0▼
Other amounts receivable41€58k€11k▼
Cash at bank and in hand54/58€90k€28k▼
Deferred charges and accrued income490/1€2k€525▼
Equity and liabilities
Total equity and liabilities10/49€1.29M€1.17M▼
Equity10/15€582k€608k▲
Contributions10/11€81k€81k=
Reserves13€342k€293k▼
Tax-exempt reserves132€112k€112k=
Distributable reserves133€230k€181k▼
Profit (loss) carried forward14€158k€235k▲
Provisions and deferred taxes16€12k€12k=
Provisions for liabilities and charges160/5€12k€12k=
Major repairs and maintenance162€12k€12k=
Amounts payable17/49€693k€553k▼
Amounts payable after more than one year17€429k€365k▼
Financial debts170/4€429k€365k▼
Amounts payable within one year42/48€252k€178k▼
Current portion of amounts payable after more than one year42€110k€119k▲
Financial debts43€69k€0▼
Credit institutions430/8€69k€0▼
Trade debts44€4k€4k▲
Suppliers440/4€4k€4k▲
Taxes, remuneration and social security45€5k€14k▲
Taxes450/3€1k€11k▲
Remuneration and social security454/9€4k€2k▼
Other amounts payable47/48€65k€42k▼
Accrued charges and deferred income492/3€11k€10k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59k€60k▲
Other operating charges640/8€5k€8k▲
Gross operating margin9900€312k€184k▼
Operating profit (loss)9901€248k€115k▼
Financial income75/76B€38€1▼
Recurring financial income75€38€1▼
Financial charges65/66B€11k€18k▲
Recurring financial charges65€11k€18k▲
Profit (loss) for the period before taxes9903€238k€96k▼
Income taxes67/77€59k€20k▼
Profit (loss) for the period9904€179k€76k▼
Transfer to tax-exempt reserves689€97k€0▼
Profit (loss) for the period to be appropriated9905€82k€76k▼
Appropriation of the result
Profit (loss) to be appropriated9906€241k€235k▼
Profit (loss) brought forward from the previous period14P€158k€158k=
Transfer from equity791/2€26k€49k▲
Transfer to equity691/2€53k€0▼
To other reserves6921€53k€0▼
Profit to be distributed694/7€55k€49k▼
Return on contributions (dividend)694€55k€49k▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €187 | €0 | - | €2k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39k | €59k | €55k | €59k | €60k | ▲ 1.7% |
| Other operating charges640/8 | - | €5k | €5k | €5k | €8k | ▲ 56.4% |
| Gross operating margin9900 | €135k | €166k | €207k | €312k | €184k | ▼ 41.0% |
| Operating profit (loss)9901 | €98k | €102k | €147k | €248k | €115k | ▼ 53.8% |
| Financial income75/76B | - | €1 | €0 | €38 | €1 | ▼ 98.2% |
| Recurring financial income75 | €1 | €1 | €0 | €38 | €1 | ▼ 98.2% |
| Financial charges65/66B | - | €12k | €12k | €11k | €18k | ▲ 73.6% |
| Recurring financial charges65 | €12k | €12k | €12k | €11k | €18k | ▲ 73.6% |
| Profit (loss) for the period before taxes9903 | €86k | €90k | €135k | €238k | €96k | ▼ 59.5% |
| Income taxes67/77 | €13k | €22k | €36k | €59k | €20k | ▼ 65.9% |
| Profit (loss) for the period9904 | €73k | €67k | €99k | €179k | €76k | ▼ 57.4% |
| Transfer to tax-exempt reserves689 | - | - | - | €97k | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €73k | €67k | €99k | €82k | €76k | ▼ 7.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €848k | €1.24M | €1.22M | €1.29M | €1.17M | ▼ 8.8% |
| Fixed assets21/28 | €708k | €1.09M | €1.09M | €1.11M | €1.13M | ▲ 2.0% |
| Intangible fixed assets21 | €4k | €3k | €2k | €1k | €417 | ▼ 70.6% |
| Tangible fixed assets22/27 | €203k | €587k | €588k | €610k | €633k | ▲ 3.9% |
| Land and buildings22 | - | €558k | €504k | €597k | €616k | ▲ 3.2% |
| Plant, machinery and equipment23 | - | €29k | €20k | €11k | €3k | ▼ 73.0% |
| Furniture and vehicles24 | - | €0 | - | €1k | €14k | ▲ 1,165% |
| Assets under construction and advance payments27 | - | - | €64k | €0 | - | - |
| Financial fixed assets28 | €500k | €500k | €500k | €500k | €500k | = |
| Current assets29/58 | €140k | €150k | €134k | €175k | €40k | ▼ 77.2% |
| Amounts receivable within one year40/41 | €95k | €57k | €42k | €83k | €11k | ▼ 86.2% |
| Trade receivables40 | - | €50k | €38k | €25k | €0 | ▼ 100% |
| Other amounts receivable41 | - | €7k | €5k | €58k | €11k | ▼ 80.4% |
| Cash at bank and in hand54/58 | €45k | €92k | €91k | €90k | €28k | ▼ 69.0% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €2k | €525 | ▼ 72.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €848k | €1.24M | €1.22M | €1.29M | €1.17M | ▼ 8.8% |
| Equity10/15 | €164k | €418k | €458k | €582k | €608k | ▲ 4.6% |
| Contributions10/11 | - | €81k | €81k | €81k | €81k | = |
| Reserves13 | €144k | €179k | €219k | €342k | €293k | ▼ 14.4% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | €15k | €15k | €112k | €112k | = |
| Distributable reserves133 | - | €163k | €203k | €230k | €181k | ▼ 21.5% |
| Profit (loss) carried forward14 | €629 | €158k | €158k | €158k | €235k | ▲ 48.1% |
| Provisions and deferred taxes16 | - | €12k | €12k | €12k | €12k | = |
| Provisions for liabilities and charges160/5 | - | €12k | €12k | €12k | €12k | = |
| Major repairs and maintenance162 | - | €12k | €12k | €12k | €12k | = |
| Amounts payable17/49 | €685k | €811k | €755k | €693k | €553k | ▼ 20.2% |
| Amounts payable after more than one year17 | €512k | €574k | €494k | €429k | €365k | ▼ 15.0% |
| Financial debts170/4 | - | €574k | €494k | €429k | €365k | ▼ 15.0% |
| Amounts payable within one year42/48 | €165k | €230k | €252k | €252k | €178k | ▼ 29.2% |
| Current portion of amounts payable after more than one year42 | - | €125k | €127k | €110k | €119k | ▲ 8.5% |
| Financial debts43 | - | €18k | €24k | €69k | €0 | ▼ 100% |
| Credit institutions430/8 | - | €18k | €24k | €69k | €0 | ▼ 100% |
| Trade debts44 | €28k | €8k | €5k | €4k | €4k | ▲ 4.0% |
| Suppliers440/4 | - | €8k | €5k | €4k | €4k | ▲ 4.0% |
| Taxes, remuneration and social security45 | - | €19k | €38k | €5k | €14k | ▲ 179% |
| Taxes450/3 | - | €12k | €33k | €1k | €11k | ▲ 839% |
| Remuneration and social security454/9 | - | €7k | €5k | €4k | €2k | ▼ 37.3% |
| Other amounts payable47/48 | - | €59k | €58k | €65k | €42k | ▼ 35.4% |
| Accrued charges and deferred income492/3 | - | €8k | €8k | €11k | €10k | ▼ 15.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €73k | €67k | €99k | €179k | €76k | ▼ 57.4% |
| + Depreciation and write-downs630 | €39k | €59k | €55k | €59k | €60k | ▲ 1.7% |
| Operating cash flow (approximation) | €112k | €127k | €154k | €238k | €136k | ▼ 42.8% |
| Investment in fixed assets (approximation) | - | €-442k | €-55k | €-80k | €-83k | ▼ 3.6% |
| Change in cash | - | €47k | €-1k | €-486 | €-62k | ▼ 12,695% |
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
Next filing, fiscal year 2026, expected by
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2019net €179k ▲81.5%
Operating result €248k, net result €179k, both a record.
31-03
Financial
Equity above €500kEq €582k ▲27.1%
6 profitable years in a row build equity to €582k.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Equity above €200kEq €418k ▲155%
4 profitable years in a row build equity to €418k.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Equity above €150kEq €164k ▲74.9%
3 profitable years in a row build equity to €164k.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Torhout · 1 establishment unit since 2015
Ground area
243 m²
Building footprint
223 m²
Volume, LiDAR
1,210 m³
Parcel 31033K0163/00L000, Flanders · tallest building 14.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Produsim
since 20152.245.998.475
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31033K0163/00L000 | Flanders | 243 m² | 1 · 223 m² | 14.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,404 companies in sector 47241 we hold annual accounts for 1,101. 541 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
Founded02-09-2015
Fiscal year end31-03
Activities, NACEBEL 2025
47241Retail sale of bread and pastry (bakery outlets)
10712Artisanal bread and fresh pastry making
10720Manufacture of food products
Scores and ratios are computed by Checked and are not a credit decision.