Turnover
≈ €93,000 estimated
The abbreviated format states no turnover.
PROFACO
Lifetime
20 annual accounts with figures on one time axis, 23 filings since 2003peak €128,990 (2011)
€35,797▲ 50.6%
lowest -€102,332 (2015)
€8,438▲ €13,940
peak €510,200 (2013)
€309,559▲ 2.8%
€324,299▼ 5.9%
peak 0.1 FTE (2007)
0 FTE
Board5 names since 2002
4 directorsHOORENS Freddy and 3 others
Documentsfilings and deeds
03-11-20263 days late
2026abbreviated format
Gross margin from €23,769 to €35,797Back to profit: €8,4382 directors appointed, 1 resignation 04-11Cash from €3,485 to €14,073
Key points
from the 2026 annual accountsChecked score
86
Excellent
Financially stronger than 41% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.5%▲ +0.3 percentage points vs 08-2025
10-2025: 0.6%▲ +0.1 percentage points vs 09-2025
11-2025: 1.0%▲ +0.4 percentage points vs 10-2025highest value
12-2025: 0.3%▼ -0.7 percentage points vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026
10-2026: 0.6%▲ +0.2 percentage points vs 09-2026
11-2026: 0.2%▼ -0.4 percentage points vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Liquidity: current ratio 0.95, cash €14,073
lowers risk
Size: total assets €633,858
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 45% of them on solvency, 40% on liquidity, 34% on profitability and 47% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as PROFACO has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PROFACO itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 14,766 companies, not a prediction for PROFACO. 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.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.95 (0.75 in 2025), below 1. Short-term debt is 11.4% and cash 2.2% of total assets. 51.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 03-11-2026, 3 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2026
3 days late
2025
1 day early
2024
2 days early
2023
1 day early
2022
3 days early
2021
2 days early
2020
2 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 30 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-03-2027 year end31-10-2027 deadline
Board and ownership
- Emelie Hoorensannual accounts 31-03-2021
- Freddy Hoorensannual accounts 31-03-2021
Recent changes
2 directors appointed, 1 resignation
Appointments: Emelie Hoorens and Pepijn Huysentruyt · Resignation: H&H Consult · Permanent representative: Emelie Hoorens · General meeting of 21-10-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0476871596
Registered office moved from Kortrijk to Heule
New registered office: Izegemsestraat 360E, 8501 Heule · Previous registered office: Lisbloemstraat (Bis) 6, 8501 Kortrijk · Appointment: BV H&H Consult (director) · Board meeting of 01-12-2024 · Gazette deed
Change of role: HOORENS Freddy, from manager to statutory director
Appointment: HOORENS Emelie Roos Erica (successor statutory director) · HOORENS Freddy holds all the shares · Director discharge: HOORENS Freddy · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PROFACO Kortrijk | €633,858 | €35,797 | 48.8% | 0 |
| SOHO VASTGOED & PROJECTONTWIKKELING Antwerp | €534,202 | €36,103 | 59.2% | 0 |
| PHL Consult Tongeren-Borgloon | €745,620 | €32,870 | 72.6% | 0 |
| NITOR Haaltert | €792,512 | €37,535 | 40.1% | 0 |
| Mepiso Ostend | €879,640 | €37,183 | 5.4% | 0 |
| BALIES Kortrijk | €773,205 | €41,770 | 70.8% | 0 |
| D - DELTA CONSULTING Lennik | €563,365 | €41,989 | 24.6% | 0 |
These companies have the same main activity as PROFACO: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €534,000 and €880,000, founded between 1993 and 2005.
Official details
Source: KBO- Status
- Active since 08-02-2002Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.101.789.6648501 Kortrijk, since 22-05-2002
- Financial year end
- 31 March
- Peppol
- Reachable since 24-12-2025
Insights on PROFACO
PROFACO files the abbreviated format. That format states no turnover. The gross margin fell from €79,119 in 2007 to €35,797 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PROFACO
- What is the company number of PROFACO?
- The company number of PROFACO is 0476.871.596. The VAT number is the same number with BE in front: BE 0476.871.596.
- Where is PROFACO based?
- The registered office is at Izegemsestraat 360E, 8501 Kortrijk.Company details
- What does PROFACO do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of PROFACO?
- PROFACO is a private limited company (BV).
- When was PROFACO founded?
- PROFACO was founded on 08-02-2002.
- Is PROFACO still active?
- Yes, PROFACO is an active enterprise in the KBO register.
- What is the turnover of PROFACO?
- The turnover in financial year 2026 is ≈ €93,000. This figure is estimated from the gross margin of €35,797 and 69 comparable companies (NACE 70200). It probably lies between €57,000 and €140,000.Financials
- Is PROFACO profitable?
- In financial year 2026, PROFACO made a profit of €8,438.
- Where can I find the annual accounts of PROFACO?
- PROFACO filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of PROFACO due?
- PROFACO must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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