Prof
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 7 days after the deadline Filed on 7 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00387657.
Annual accounts 2025 filed on 07-08-2026 at the NBB all 13 filings
Turnover
≈ €100,000
Estimated: probably between €54,000 and €220,000
Total assets
€20,189▼ 31.0%
2024 · €29,245
Net result
€7,684▲ 40.4%
2024 · €5,473
Working capital
€1,816
2024 · -€5,557
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€8,668
▲ 35.0%
2025
20182025
Net result
€7,684
▲ 40.4%
2025
middle half of the sector
20182025
Equity
€8,103
▲ 19×
2025
lowest quarter of the sector
20182025
Total assets
€20,189
▼ 31.0%
2025
lowest quarter of the sector
20182025
Debt
€12,086
▼ 58.1%
2025
20182025
Working capital
€1,816
2025
middle half of the sector
20182025
Solvency
40.1%
▲ 38.7pp
2025
middle half of the sector
20182025
Current ratio
1.15
▲ 0.34
2025
middle half of the sector
20182025
Return on assets (ROA)
38.1%
▲ 19.3pp
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€2,397-€4,721▲ 97.0%-€18,067€12,590-€17,227-€6,700▲ 61.1%€6,421€8,668▲ 35.0%
Net result€1,767-€3,428▲ 94.0%-€18,456below the sector's middle half€12,544within the sector's middle half-€17,406below the sector's middle half-€6,837below the sector's middle half▲ 60.7%€5,473within the sector's middle half€7,684within the sector's middle half▲ 40.4%
Equity€21,671-€25,099▲ 15.8%€6,644within the sector's middle half▼ 73.5%€19,188within the sector's middle half▲ 189%€1,782below the sector's middle half▼ 90.7%-€5,055below the sector's middle half€419below the sector's middle half€8,103below the sector's middle half▲ 19×
Total assets€38,735-€41,750▲ 7.8%€22,791below the sector's middle half▼ 45.4%€31,335below the sector's middle half▲ 37.5%€23,425below the sector's middle half▼ 25.2%€30,471below the sector's middle half▲ 30.1%€29,245below the sector's middle half▼ 4.0%€20,189below the sector's middle half▼ 31.0%
Debt€17,063-€16,651▼ 2.4%€16,147▼ 3.0%€12,147▼ 24.8%€21,643▲ 78.2%€35,525▲ 64.1%€28,826▼ 18.9%€12,086▼ 58.1%
Working capital€21,051-€23,957▲ 13.8%€4,903within the sector's middle half▼ 79.5%€16,773within the sector's middle half▲ 242%€1,162within the sector's middle half▼ 93.1%-€7,705within the sector's middle half-€5,557within the sector's middle half▲ 27.9%€1,816within the sector's middle half
Solvency55.9%-60.1%▲ 4.2pp29.2%within the sector's middle half▼ 31.0pp61.2%above the sector's middle half▲ 32.1pp7.6%within the sector's middle half▼ 53.6pp-16.6%below the sector's middle half▼ 24.2pp1.4%below the sector's middle half▲ 18.0pp40.1%within the sector's middle half▲ 38.7pp
Current ratio4.23-3.59▼ 0.641.41within the sector's middle half▼ 2.182.48within the sector's middle half▲ 1.071.05within the sector's middle half▼ 1.430.78below the sector's middle half▼ 0.270.81below the sector's middle half▲ 0.021.15within the sector's middle half▲ 0.34
Return on assets (ROA)4.6%-8.2%▲ 3.6pp-81.0%below the sector's middle half▼ 89.2pp40.0%above the sector's middle half▲ 121.0pp-74.3%below the sector's middle half▼ 114.3pp-22.4%below the sector's middle half▲ 51.9pp18.7%above the sector's middle half▲ 41.2pp38.1%above the sector's middle half▲ 19.3pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 35% higher than in 2024. It is the third rise in a row, after the fall in 2022.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20,189
Fixed assets
€6,287 ▲ 5.2%
Current assets
€13,902 ▼ 40.3%
Equity and liabilities €20,189
Equity
€8,103 ▲ 19×
Debt
€12,086 ▼ 58.1%
Debt's share of the balance-sheet total falls from 98.6% to 59.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10,022▲
2024 · €6,999
Cash flow
€9,038▲
2024 · €6,051
Debt to equity
1.49
ROE
94.8%
Interest coverage
10.13▲
2024 · 5.14
Debt ≤ 1 year
€12,086▼
2024 · €28,826
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €2,441 | €17,087 | €1,665 |
| Depreciation and write-downs of the year | €2,637 | €2,637 | €411 | €578 | €1,354 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €413 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,637 | €2,637 | €2,637 | €2,637 | €2,637 | €411 | €578 | €1,354 | ▲ 134% |
| Other operating charges640/8 | - | - | - | €1,159 | €1,015 | €536 | €1,064 | €1,016 | ▼ 4.5% |
| Gross operating margin9900 | €6,573 | €9,152 | -€14,676 | €16,386 | -€13,575 | -€5,754 | €8,063 | €11,038 | ▲ 36.9% |
| Operating profit (loss)9901 | €2,397 | €4,721 | -€18,067 | €12,590 | -€17,227 | -€6,700 | €6,421 | €8,668 | ▲ 35.0% |
| Financial income75/76B | - | - | - | €244 | €1 | - | €413 | €5 | ▼ 98.7% |
| Recurring financial income75 | €277 | €54 | €0 | €244 | €1 | - | €413 | €5 | ▼ 98.7% |
| Non-recurring financial income76B | - | - | - | - | - | - | €413 | - | - |
| Financial charges65/66B | - | - | - | €247 | €180 | €137 | €1,361 | €990 | ▼ 27.3% |
| Recurring financial charges65 | €379 | €374 | €310 | €247 | €180 | €137 | €1,361 | €990 | ▼ 27.3% |
| Profit (loss) for the period before taxes9903 | €2,295 | €4,401 | -€18,377 | €12,587 | -€17,406 | -€6,837 | €5,473 | €7,684 | ▲ 40.4% |
| Income taxes67/77 | €528 | €973 | €79 | €43 | - | - | - | - | - |
| Profit (loss) for the period9904 | €1,767 | €3,428 | -€18,456 | €12,544 | -€17,406 | -€6,837 | €5,473 | €7,684 | ▲ 40.4% |
| Profit (loss) for the period to be appropriated9905 | €1,767 | €3,428 | -€18,456 | €12,544 | -€17,406 | -€6,837 | €5,473 | €7,684 | ▲ 40.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €38,735 | €41,750 | €22,791 | €31,335 | €23,425 | €30,471 | €29,245 | €20,189 | ▼ 31.0% |
| Fixed assets21/28 | €11,167 | €8,530 | €5,894 | €3,256 | €620 | €2,650 | €5,976 | €6,287 | ▲ 5.2% |
| Tangible fixed assets22/27 | €10,547 | €7,910 | €5,274 | €2,636 | - | €2,030 | €5,356 | €5,667 | ▲ 5.8% |
| Plant, machinery and equipment23 | - | - | - | - | - | €2,030 | €5,356 | €5,667 | ▲ 5.8% |
| Furniture and vehicles24 | - | - | - | €2,636 | - | - | - | - | - |
| Financial fixed assets28 | €620 | €620 | €620 | €620 | €620 | €620 | €620 | €620 | = |
| Current assets29/58 | €27,568 | €33,220 | €16,898 | €28,079 | €22,805 | €27,820 | €23,269 | €13,902 | ▼ 40.3% |
| Stocks and contracts in progress3 | €13,565 | €25,417 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €7,743 | €6,282 | €13,507 | €22,723 | €20,674 | €22,273 | €16,428 | €9,053 | ▼ 44.9% |
| Trade receivables40 | - | - | - | €13,984 | €20,343 | €22,158 | €15,383 | €8,975 | ▼ 41.7% |
| Other amounts receivable41 | - | - | - | €8,739 | €331 | €114 | €1,045 | €79 | ▼ 92.5% |
| Cash at bank and in hand54/58 | €6,260 | €1,521 | €3,391 | €5,356 | €2,131 | €5,548 | €6,841 | €4,848 | ▼ 29.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €38,735 | €41,750 | €22,791 | €31,335 | €23,425 | €30,471 | €29,245 | €20,189 | ▼ 31.0% |
| Equity10/15 | €21,671 | €25,099 | €6,644 | €19,188 | €1,782 | -€5,055 | €419 | €8,103 | ▲ 19× |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €154 | €325 | €325 | €325 | €324 | €325 | €325 | €325 | = |
| Non-distributable reserves130/1 | - | - | - | €325 | €324 | €325 | €325 | €325 | = |
| Reserves not available under the articles1311 | - | - | - | €325 | €324 | €325 | €325 | €325 | = |
| Profit (loss) carried forward14 | €2,918 | €6,174 | -€12,281 | €263 | -€17,142 | -€23,979 | -€18,506 | -€10,822 | ▲ 41.5% |
| Amounts payable17/49 | €17,063 | €16,651 | €16,147 | €12,147 | €21,643 | €35,525 | €28,826 | €12,086 | ▼ 58.1% |
| Amounts payable after more than one year17 | €10,547 | €7,388 | €4,153 | €841 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €841 | - | - | - | - | - |
| Amounts payable within one year42/48 | €6,516 | €9,263 | €11,994 | €11,306 | €21,643 | €35,525 | €28,826 | €12,086 | ▼ 58.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,312 | €840 | - | - | - | - |
| Financial debts43 | - | - | - | €86 | €100 | - | - | - | - |
| Credit institutions430/8 | - | - | - | €86 | €100 | - | - | - | - |
| Trade debts44 | €1,361 | €3,628 | €7,732 | €7,908 | €15,636 | €23,279 | €11,863 | €786 | ▼ 93.4% |
| Suppliers440/4 | - | - | - | €7,908 | €15,636 | €23,279 | €11,863 | €786 | ▼ 93.4% |
| Taxes, remuneration and social security45 | - | - | - | - | - | €642 | €1,800 | €2,339 | ▲ 30.0% |
| Taxes450/3 | - | - | - | - | - | €642 | - | €539 | - |
| Remuneration and social security454/9 | - | - | - | - | - | - | €1,800 | €1,800 | = |
| Other amounts payable47/48 | - | - | - | - | €5,067 | €11,605 | €15,163 | €8,960 | ▼ 40.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,767 | €3,428 | -€18,456 | €12,544 | -€17,406 | -€6,837 | €5,473 | €7,684 | ▲ 40.4% |
| + Depreciation and write-downs630 | €2,637 | €2,637 | €2,637 | €2,637 | €2,637 | €411 | €578 | €1,354 | ▲ 134% |
| Operating cash flow (approximation) | €4,404 | €6,065 | -€15,819 | €15,181 | -€14,769 | -€6,426 | €6,051 | €9,038 | ▲ 49.4% |
| Investment in fixed assets (approximation) | - | €0 | -€0 | €1 | -€1 | -€2,441 | -€3,904 | -€1,665 | ▲ 57.3% |
| Change in cash | - | -€4,739 | €1,870 | €1,965 | -€3,225 | €3,417 | €1,293 | -€1,993 | - |
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, 34,693 companies had the same profile as Prof has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of Prof itself: 0.7% 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 34,693 companies, not a prediction for Prof. 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 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 07-08-2026 | 2026-00387657 | |
| 31-12-2024 | micro format | 14-03-2025 | 2025-00048229 | |
| 31-12-2023 | micro format | 20-12-2024 | 2024-00622162 | |
| 31-12-2022 | micro format | 31-10-2023 | 2023-00506352 | |
| 31-12-2021 | micro format | 14-07-2022 | 2022-20186006 | |
| 31-12-2020 | micro format | 01-07-2021 | 2021-28700198 | |
| 31-12-2019 | micro format | 04-05-2020 | 2020-11200403 | |
| 31-12-2018 | abbreviated format | 28-04-2020 | 2020-10100383 | |
| 31-12-2017 | abbreviated format | 05-03-2018 | 2018-06300282 | |
| 31-12-2016 | abbreviated format | 06-07-2017 | 2017-30300376 |