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PROF-CON

Inactive
KBO/BCE: BE 0640.982.136

PROF-CON was declared bankrupt on 01-03-2022 (Ondernemingsrechtbank Gent, afdeling Kortrijk). The bankruptcy was closed by liquidation by judgment of 14-01-2025, published in the Belgian Official Gazette on 22-01-2025.

Summary

Inactive. The last annual accounts are for financial year 2018.

PROF-CONInactive

Overview

Overview

Official details

Source: KBO
Status
Inactive deed of incorporation of 19-10-2015 · bankruptcy closed on 14-01-2025
Activity
No activity registered in the KBO
Financial year end
30 September
Peppol
Not found in the Peppol Directory

Financial position

No score
Annual accounts to 30-09-2018
Gross margin
-€1,160
▲ 12.6%
Loss
€7,345
▼ 34.4%
Equity
-€12,347
▼ 147%
Total assets
€12,603
▲ 5.8%
Turnover not published (abbreviated format)
Filed on 29-05-2019

Financials

Financials · financial year 2018, abbreviated format

2018 annual accounts filed 29 days after the deadline Filed on 29 May 2019, deadline 30 April 2019 (7 months after the close on 30 September 2018, Companies Code art. 3:10). Source: NBB, 2019-16500155.

Annual accounts 2018 filed on 29-05-2019 PDF all 2 filings

Equity
-€12,347▼ 147%
2017 · -€5,002
Total assets
€12,603▲ 5.8%
2017 · €11,910
Net result
-€7,345▲ 34.4%
2017 · -€11,202
Working capital
-€19,299▼ 142%
2017 · -€7,970
Trend over the years

2017 to 2018, 2 financial years

The operating result for 2018 is a loss of €6,439, smaller than the loss of €10,409 in 2017.

Operating result-€6,439 2018 Net result-€7,345 2018

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20172018
Operating result-€10,409--€6,439▲ 38.1%
Net result-€11,202--€7,345▲ 34.4%
Equity-€5,002--€12,347▼ 147%
Total assets€11,910-€12,603▲ 5.8%
Debt€16,912-€24,950▲ 47.5%
Working capital-€7,970--€19,299▼ 142%
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2018 in colour, 2017 as the grey bar beneath
Assets €12,603
Fixed assets €11,126 ▲ 14.0%
Current assets €1,477 ▼ 31.3%
Equity and liabilities
Equity-€12,347
Debt€24,950
Equity is negative. Debt (€24,950) exceeds the balance-sheet total (€12,603).
Key figures and ratios
2018 value · change against 2017
EBITDA
-€1,613▲
2017 · -€2,647
Cash flow
-€2,518▲
2017 · -€3,440
Solvency
-98.0%▼
2017 · -42.0%
Current ratio
0.07▼
2017 · 0.21
ROA
-58.3%▲
2017 · -94.1%
Debt ≤ 1 year
€20,776▲
2017 · €10,121
Debt > 1 year
€3,972▼
2017 · €6,711
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2018 against 2017 · 23 lines

Source: Annual accounts 2018 (PDF), filed on 29-05-2019.

Balance sheet Code20172018
Assets
Total assets20/58€11,910€12,603▲
Fixed assets21/28€9,759€11,126▲
Tangible fixed assets22/27€8,911€11,126▲
Financial fixed assets28€848-
Current assets29/58€2,151€1,477▼
Amounts receivable within one year40/41€1,534€808▼
Cash at bank and in hand54/58€372€616▲
Equity and liabilities
Total equity and liabilities10/49€11,910€12,603▲
Equity10/15-€5,002-€12,347▼
Contributions10/11€6,200€6,200=
Profit (loss) carried forward14-€11,202-€18,547▼
Amounts payable17/49€16,912€24,950▲
Amounts payable after more than one year17€6,711€3,972▼
Amounts payable within one year42/48€10,121€20,776▲
Trade debts44€2,738€9,260▲
Income statement Code20172018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,762€4,827▼
Gross operating margin9900-€1,328-€1,160▲
Operating profit (loss)9901-€10,409-€6,439▲
Recurring financial income75€4-
Recurring financial charges65€797€905▲
Profit (loss) for the period before taxes9903-€11,202-€7,345▲
Profit (loss) for the period9904-€11,202-€7,345▲
Profit (loss) for the period to be appropriated9905-€11,202-€7,345▲
Line20172018Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,762€4,827▼ 37.8%
Gross operating margin9900-€1,328-€1,160▲ 12.6%
Operating profit (loss)9901-€10,409-€6,439▲ 38.1%
Recurring financial income75€4--
Recurring financial charges65€797€905▲ 13.6%
Profit (loss) for the period before taxes9903-€11,202-€7,345▲ 34.4%
Profit (loss) for the period9904-€11,202-€7,345▲ 34.4%
Profit (loss) for the period to be appropriated9905-€11,202-€7,345▲ 34.4%
Line20172018Change
Assets
Total assets20/58€11,910€12,603▲ 5.8%
Fixed assets21/28€9,759€11,126▲ 14.0%
Tangible fixed assets22/27€8,911€11,126▲ 24.9%
Financial fixed assets28€848--
Current assets29/58€2,151€1,477▼ 31.3%
Amounts receivable within one year40/41€1,534€808▼ 47.3%
Cash at bank and in hand54/58€372€616▲ 65.3%
Equity and liabilities
Total equity and liabilities10/49€11,910€12,603▲ 5.8%
Equity10/15-€5,002-€12,347▼ 147%
Contributions10/11€6,200€6,200=
Profit (loss) carried forward14-€11,202-€18,547▼ 65.6%
Amounts payable17/49€16,912€24,950▲ 47.5%
Amounts payable after more than one year17€6,711€3,972▼ 40.8%
Amounts payable within one year42/48€10,121€20,776▲ 105%
Trade debts44€2,738€9,260▲ 238%
Line20172018Change
Profit (loss) for the period9904-€11,202-€7,345▲ 34.4%
+ Depreciation and write-downs630€7,762€4,827▼ 37.8%
Operating cash flow (approximation)-€3,440-€2,518▲ 26.8%
Investment in fixed assets (approximation)--€6,194-
Change in cash-€243-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference Document
30-09-2018 abbreviated format 29-05-2019 2019-16500155 PDF
30-09-2017 abbreviated format 29-05-2019 2019-16500156 PDF

Board & ownership

Directors

Directors

Insolvency mandates

1 mandate
Role Name Tenure
Trustee Ivan Lietaer
President Rooseveltplein 1, 8500 Kortrijk
01-03-2022 → 14-01-2025

Owners and capital

Timeline

Acts, filings and financial milestones

2025
22-01
Bankruptcy Bankruptcy closure (by liquidation)
Enterprise Court of Ghent, Kortrijk division · judgment of 14-01-2025
2022
07-03
Bankruptcy Bankruptcy declared
Enterprise Court of Ghent, Kortrijk division · judgment of 01-03-2022
2019
29-05
NBB filing Annual accounts 2018 filedPDF
abbreviated format · 29 days late
29-05
NBB filing Annual accounts 2017 filedPDF
abbreviated format · 394 days late
2015
19-10
Gazette deed IncorporationPDF
2 publications in the Belgian Official Gazette, the last on 02-02-2022
SignalGazette deedNBB filing

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

PROF-CON has filed 2 sets of annual accounts, the latest for financial year 2018.1 The bankruptcy of the company was declared on 1 March 2022 and closed on 14 January 2025.23

  1. 1National Bank, annual accounts 2018
  2. 2Belgian Official Gazette, 07-03-2022
  3. 3Belgian Official Gazette, 22-01-2025

Company details

Inactive

Inactive

PROF-CON is no longer in the KBO register.

Status
Inactive
Last annual accounts
financial year to 30 September 2018
Last registered office
Kervijnstraat 47, 8531 Bavikhoveas published on 2 February 2022
Legal form
Private limited company (pre-2019)
First annual accounts
financial year 2017
Official KBO record