PROEQUIP
ActiveSummary
The computed 12-month bankruptcy probability of PROEQUIP is 2.2% (moderate). The 2025 annual accounts show negative equity (-€1.0m) and a net result of -€2.8m. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 9% of 8160 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-39
Solvency11▼-39
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.61 against 1.06 in 2024; short-term debt: 90.6% and cash: 2.6% of total assets), and equity is negative.
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Signals
Seven 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-13.8%
Return on assets
-38.5%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1.0m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
29 d late
2023
26 d late
2022
on the day
2021
19 d early
2020
33 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 fastest grower in Anderlecht
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€2.8m
2024 · €2,373
Working capital
-€2.6m
2024 · €227,932
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€154,009▼ 57.6%€124,471▼ 19.2%€111,587▼ 10.4%€149,156▲ 33.7%-€2.7m
Net result€57,828within the sector's middle half▼ 76.8%€64,866within the sector's middle half▲ 12.2%€18,418within the sector's middle half▼ 71.6%€2,373within the sector's middle half▼ 87.1%-€2.8mbelow the sector's middle half
Equity€780,329within the sector's middle half▼ 25.4%€845,195within the sector's middle half▲ 8.3%€1.8mwithin the sector's middle half▲ 113%€1.8mwithin the sector's middle half▲ 0.1%-€1.0mbelow the sector's middle half
Total assets€3.6mwithin the sector's middle half▲ 20.9%€3.7mwithin the sector's middle half▲ 3.0%€5.4mwithin the sector's middle half▲ 47.8%€7.1mwithin the sector's middle half▲ 32.1%€7.3mabove the sector's middle half▲ 2.4%
Debt€2.8m▲ 46.4%€2.8m▲ 1.5%€3.6m▲ 28.0%€5.3m▲ 48.1%€8.3m▲ 55.9%
Working capital€1.4mwithin the sector's middle half▲ 62.3%€1.0mwithin the sector's middle half▼ 22.5%€780,113within the sector's middle half▼ 25.6%€227,932within the sector's middle half▼ 70.8%-€2.6mbelow the sector's middle half
Solvency22.0%within the sector's middle half▼ 13.6pp23.1%within the sector's middle half▲ 1.1pp33.4%within the sector's middle half▲ 10.3pp25.3%within the sector's middle half▼ 8.1pp-13.8%below the sector's middle half▼ 39.1pp
Current ratio2.25within the sector's middle half▲ 0.371.64within the sector's middle half▼ 0.611.31within the sector's middle half▼ 0.331.06below the sector's middle half▼ 0.250.61below the sector's middle half▼ 0.45
Return on assets (ROA)1.6%within the sector's middle half▼ 6.9pp1.8%within the sector's middle half▲ 0.1pp0.3%within the sector's middle half▼ 1.4pp0.0%below the sector's middle half▼ 0.3pp-38.5%below the sector's middle half▼ 38.6pp
Staff (FTE)9.3within the sector's middle half▼ 6.1%10.1within the sector's middle half▲ 8.6%19.3within the sector's middle half▲ 91.1%17.8within the sector's middle half▼ 7.8%25above the sector's middle half▲ 40.4%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2.7m after €149,156 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.3m
Fixed assets
€3.3m ▼ 3.3%
Current assets
€4.1m ▲ 7.8%
Key figures and ratios
EBITDA
-€2.4m▼
2024 · €354,366
Cash flow
-€2.5m▼
2024 · €207,584
Quick ratio
0.38▼
2024 · 0.38
Debt to equity
-8.23▼
2024 · 2.96
Interest coverage
-13.60▼
2024 · 2.40
Debt ≤ 1 year
€6.6m▲
2024 · €3.5m
Debt > 1 year
€1.7m▼
2024 · €1.8m
Income taxes
€2,478▼
2024 · €30,151
Staff costs
€1.6m▲
2024 · €1.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 600 companies that looked in July 2024 the way this one looks now, 8.5% went bankrupt within 24 months and 83% are still going.
- Small
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
8.5%
went bankrupt
5.8%
stopped otherwise
83%
still going
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 600 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €17,921 | €4,000 | - | - | - |
| Remuneration, social security and pensions62 | €486,970 | €563,357 | €1.0m | €1.0m | €1.6m | ▲ 54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €148,579 | €107,861 | €99,455 | €205,210 | €294,154 | ▲ 43.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€15,338 | - | €340 | €35,000 | ▲ 10,194% |
| Other operating charges640/8 | €8,355 | €31,776 | €86,510 | €48,701 | €44,913 | ▼ 7.8% |
| Operating charges capitalised as restructuring costs649 | -€49,726 | - | - | - | - | - |
| Non-recurring operating charges66A | - | €112,478 | - | - | €22,332 | - |
| Gross operating margin9900 | €748,187 | €924,604 | €1.3m | €1.4m | -€656,176 | ▼ 145% |
| Operating profit (loss)9901 | €154,009 | €124,471 | €111,587 | €149,156 | -€2.7m | ▼ 1,889% |
| Financial income75/76B | €13,526 | €5,352 | €5,624 | €30,854 | €28,838 | ▼ 6.5% |
| Recurring financial income75 | €13,526 | €5,352 | €5,624 | €30,854 | €28,838 | ▼ 6.5% |
| Financial charges65/66B | €79,648 | €34,626 | €80,146 | €147,485 | €174,587 | ▲ 18.4% |
| Recurring financial charges65 | €79,648 | €34,626 | €80,146 | €147,485 | €174,587 | ▲ 18.4% |
| Profit (loss) for the period before taxes9903 | €87,887 | €95,197 | €37,065 | €32,525 | -€2.8m | ▼ 8,753% |
| Income taxes67/77 | €30,060 | €30,331 | €18,647 | €30,151 | €2,478 | ▼ 91.8% |
| Profit (loss) for the period9904 | €57,828 | €64,866 | €18,418 | €2,373 | -€2.8m | ▼ 118,787% |
| Profit (loss) for the period to be appropriated9905 | €57,828 | €64,866 | €18,418 | €2,373 | -€2.8m | ▼ 118,787% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.6m | €3.7m | €5.4m | €7.1m | €7.3m | ▲ 2.4% |
| Formation expenses20 | €58,096 | €45,104 | €32,111 | €19,118 | €6,126 | ▼ 68.0% |
| Fixed assets21/28 | €1.1m | €938,347 | €2.1m | €3.4m | €3.3m | ▼ 3.3% |
| Intangible fixed assets21 | - | - | €285,000 | €592,332 | €507,400 | ▼ 14.3% |
| Tangible fixed assets22/27 | €1.0m | €912,037 | €1.8m | €1.8m | €1.8m | ▼ 2.2% |
| Land and buildings22 | €822,938 | €778,525 | €1.7m | €1.6m | €1.5m | ▼ 5.8% |
| Plant, machinery and equipment23 | €110,950 | €102,846 | €81,938 | €102,199 | €101,841 | ▼ 0.3% |
| Furniture and vehicles24 | €35,571 | €28,624 | €27,385 | €20,116 | €26,040 | ▲ 29.4% |
| Leasing and similar rights25 | €63,418 | - | - | - | - | - |
| Other tangible fixed assets26 | €2,722 | €2,042 | €23,651 | €141,349 | €187,365 | ▲ 32.6% |
| Financial fixed assets28 | €26,310 | €26,310 | €22,070 | €928,502 | €941,510 | ▲ 1.4% |
| Current assets29/58 | €2.4m | €2.7m | €3.3m | €3.8m | €4.1m | ▲ 7.8% |
| Stocks and contracts in progress3 | €1.0m | €1.4m | €2.0m | €2.4m | €1.5m | ▼ 36.2% |
| Stocks30/36 | €1.0m | €1.4m | €2.0m | €2.4m | €1.5m | ▼ 36.2% |
| Amounts receivable within one year40/41 | €891,169 | €1.2m | €973,160 | €1.2m | €2.3m | ▲ 95.1% |
| Trade receivables40 | €558,637 | €1.1m | €671,414 | €1.0m | €1.8m | ▲ 77.8% |
| Other amounts receivable41 | €332,532 | €27,990 | €301,747 | €161,288 | €488,703 | ▲ 203% |
| Cash at bank and in hand54/58 | €390,178 | €67,054 | €264,742 | €106,684 | €187,225 | ▲ 75.5% |
| Deferred charges and accrued income490/1 | €102,937 | €14,955 | €34,766 | €70,771 | €50,290 | ▼ 28.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.6m | €3.7m | €5.4m | €7.1m | €7.3m | ▲ 2.4% |
| Equity10/15 | €780,329 | €845,195 | €1.8m | €1.8m | -€1.0m | ▼ 156% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | - | - | - | - | - |
| Share premium1100/10 | €18,600 | - | - | - | - | - |
| Revaluation surpluses12 | - | - | €940,000 | €893,000 | €846,000 | ▼ 5.3% |
| Reserves13 | €1,860 | €1,860 | €1,860 | €48,860 | €95,860 | ▲ 96.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Legal reserve130 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €48,860 | €95,860 | ▲ 96.2% |
| Profit (loss) carried forward14 | €759,869 | €824,735 | €843,153 | €845,526 | -€2.0m | ▼ 333% |
| Amounts payable17/49 | €2.8m | €2.8m | €3.6m | €5.3m | €8.3m | ▲ 55.9% |
| Amounts payable after more than one year17 | €1.7m | €1.2m | €1.1m | €1.8m | €1.7m | ▼ 6.5% |
| Financial debts170/4 | €1.7m | €1.2m | €1.1m | €1.8m | €1.7m | ▼ 6.5% |
| Amounts payable within one year42/48 | €1.1m | €1.6m | €2.5m | €3.5m | €6.6m | ▲ 87.7% |
| Current portion of amounts payable after more than one year42 | €106,165 | €98,556 | €115,643 | €289,252 | €424,098 | ▲ 46.6% |
| Financial debts43 | - | €500,000 | €1.0m | €1.6m | €2.5m | ▲ 61.9% |
| Credit institutions430/8 | - | €500,000 | €1.0m | €1.6m | €2.5m | ▲ 61.9% |
| Trade debts44 | €545,493 | €889,672 | €1.2m | €1.5m | €3.4m | ▲ 128% |
| Suppliers440/4 | €545,493 | €889,672 | €1.2m | €1.5m | €3.4m | ▲ 128% |
| Taxes, remuneration and social security45 | €104,906 | €139,763 | €168,177 | €186,074 | €260,447 | ▲ 40.0% |
| Taxes450/3 | €53,748 | €88,564 | €76,851 | €89,756 | €100,241 | ▲ 11.7% |
| Remuneration and social security454/9 | €51,159 | €51,199 | €91,327 | €96,318 | €160,206 | ▲ 66.3% |
| Other amounts payable47/48 | €323,350 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €5,785 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €57,828 | €64,866 | €18,418 | €2,373 | -€2.8m | ▼ 118,787% |
| + Depreciation and write-downs630 | €148,579 | €107,861 | €99,455 | €205,210 | €294,154 | ▲ 43.3% |
| Operating cash flow (approximation) | €206,407 | €172,726 | €117,873 | €207,584 | -€2.5m | ▼ 1,315% |
| Investment in fixed assets (approximation) | - | €15,702 | -€1.3m | -€1.5m | -€182,399 | ▲ 87.5% |
| Change in cash | - | -€323,124 | €197,688 | -€158,058 | €80,541 | ▲ 151% |
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
2026
24-08
State Gazette act
Purpose · RestructuringMerger · Shareholding · Accounting effect6 facts ▸
State Gazette act
Purpose · Restructuring
Merger · Shareholding · Accounting effect6 facts ▸
- General meeting, 22-07-2026
- Merger, opération assimilée à la fusion par absorption, PROEQ
- Shareholding
- Other statement, absence d'émission d'actions nouvelles, la Société absorbante détenant toutes les actions de la Société absorbée
- Accounting effect, 01-01-2026
- Purpose change
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€2.8m
Net result drops to -€2.8m, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 26 days late
2023
31-12
Financial
Equity above €1mEq €1.8m ▲113%
5 profitable years in a row build equity to €1.8m.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €249,738 ▲30.8%
Operating result €363,054, net result €249,738, both a record.
31-12
Financial
Equity above €1mEq €1.0m ▲31.4%
2 profitable years in a row build equity to €1.0m.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
31-12
Financial
Back to profitnet €190,884
Net result €190,884 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 16 acts read
About the unread acts
Of the 16 Belgian State Gazette acts we know for this company, 1 has been read. The other 15 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
16 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Anderlecht · 3 establishment units since 2017
Ground area
3.9 ha
Building footprint
1.0 ha
Volume, LiDAR
112,350 m³
3 parcels, Brussels, Wallonia · tallest building 29.4 m, ±6 floors. Linked by address, not a title deed.
3 establishment units
PROEQUIP
since 20172.270.196.017
PROEQUIP
since 20232.345.930.152
PROEQUIP
since 20242.357.374.172
3 parcels
Wallonia
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028B0387/00L004 | Wallonia | 2.6 ha | 1 · 396 m² | 6.3 m · 2 fl. |
| 21306C0289/00H005 | Brussels | 9,188 m² | 1 · 7,907 m² | 29.4 m · 6 fl. |
| 62312B0024/00C007 | Wallonia | 4,119 m² | 1 · 2,026 m² | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- ALL 4 UP
- PROEQUIP
Highest known parent: ALL 4 UP. The sources do not say who stands above it.
Owners 1
- ALL 4 UPparentSourceaccounts ALL 4 UP 2025100%
Holdings 1
-
100%
According to the 2025 annual accounts of PROEQUIP and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:PROEQ
Recognitions · licences · registrations
Legal Entity Identifier
254900LTILD9RBVQ1U03
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Of 472 companies in sector 46442 we hold annual accounts for 336. 188 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
Founded04-05-2010
Fiscal year end31-12
Activities, NACEBEL 2025
46442Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0825596395
Registered
18-12-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.