PROFEL
InactiveInactive; last annual accounts for fiscal year 2020.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 22-07-2021, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
9 d early
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 9 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?Pro Groep Holding · 8 companies
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, full schema
Turnover
€11.9m▼ 11.5%
2019 · €13.5m
EBIT margin
-1.1%▼ 6.5pp
2019 · 5.5%
Net result
-€158,473
2019 · €576,072
Working capital
€8.1m▼ 1.2%
2019 · €8.2m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Turnover€13.1m-€13.5m▲ 3.0%€11.9m▼ 11.5%
Operating result€414,357-€735,227▲ 77.4%-€128,055
Net result€254,464-€576,072▲ 126%-€158,473
EBIT margin3.2%-5.5%▲ 2.3pp-1.1%▼ 6.5pp
Equity€8.5m-€9.1m▲ 6.8%€8.9m▼ 1.7%
Total assets€11.9m-€10.8m▼ 8.5%€12.4m▲ 14.3%
Debt€2.6m-€1.2m▼ 53.7%€2.6m▲ 123%
Working capital€8.0m-€8.2m▲ 2.9%€8.1m▼ 1.2%
Staff (FTE)51.8-55▲ 6.2%54.7▼ 0.5%
Why a figure moved sharply
- 2019 Net result +126% on 2018. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €128,055 after €735,227 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €12.4m
Fixed assets
€1.7m ▲ 13.0%
Current assets
€10.7m ▲ 14.5%
Equity and liabilities €12.4m
Equity
€8.9m ▼ 1.7%
Provisions
€825,307 ▲ 43.9%
Debt
€2.6m ▲ 123%
Debt's share of the balance-sheet total rises from 10.9% to 21.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€163,514▼
2019 · €1.0m
Cash flow
€133,097▼
2019 · €866,471
Current ratio
4.08▼
2019 · 8.00
Quick ratio
2.62▼
2019 · 4.83
Debt to equity
0.00▼
2019 · 0.00
ROE
-1.8%▼
2019 · 6.3%
ROA
-1.3%▼
2019 · 5.3%
Interest coverage
644.24▼
2019 · 4786.16
Debt ≤ 1 year
€2.6m▲
2019 · €1.2m
Debt > 1 year
€6,037▼
2019 · €9,253
Income taxes
€76,401▼
2019 · €229,022
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €13.1m | €13.5m | €11.9m | ▼ 11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €240,332 | €290,399 | €291,570 | ▲ 0.4% |
| Operating profit (loss)9901 | €414,357 | €735,227 | -€128,055 | ▼ 117% |
| Recurring financial income75 | €166,177 | €156,711 | €131,182 | ▼ 16.3% |
| Recurring financial charges65 | €118,209 | €86,844 | €85,198 | ▼ 1.9% |
| Debt charges650 | €75 | €214 | €254 | ▲ 18.4% |
| Profit (loss) for the period before taxes9903 | €462,326 | €805,094 | -€82,072 | ▼ 110% |
| Income taxes67/77 | €207,861 | €229,022 | €76,401 | ▼ 66.6% |
| Profit (loss) for the period9904 | €254,464 | €576,072 | -€158,473 | ▼ 128% |
| Profit (loss) for the period to be appropriated9905 | €253,965 | €916,398 | -€158,473 | ▼ 117% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €11.9m | €10.8m | €12.4m | ▲ 14.3% |
| Fixed assets21/28 | €1.3m | €1.5m | €1.7m | ▲ 13.0% |
| Tangible fixed assets22/27 | €1.3m | €1.5m | €1.7m | ▲ 13.0% |
| Financial fixed assets28 | €367 | €367 | €367 | = |
| Current assets29/58 | €10.5m | €9.4m | €10.7m | ▲ 14.5% |
| Stocks and contracts in progress3 | €3.6m | €3.7m | €3.9m | ▲ 3.8% |
| Amounts receivable within one year40/41 | €3.8m | €2.1m | €2.4m | ▲ 16.9% |
| Current investments50/53 | €2.2m | €2.2m | €3.7m | ▲ 68.4% |
| Cash at bank and in hand54/58 | €991,304 | €1.4m | €744,654 | ▼ 47.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €11.9m | €10.8m | €12.4m | ▲ 14.3% |
| Equity10/15 | €8.5m | €9.1m | €8.9m | ▼ 1.7% |
| Contributions10/11 | €173,525 | €173,525 | €173,525 | = |
| Reserves13 | €8.3m | €8.9m | €8.8m | ▼ 1.8% |
| Provisions and deferred taxes16 | €789,017 | €573,615 | €825,307 | ▲ 43.9% |
| Amounts payable17/49 | €2.6m | €1.2m | €2.6m | ▲ 123% |
| Amounts payable after more than one year17 | €11,831 | €9,253 | €6,037 | ▼ 34.8% |
| Amounts payable within one year42/48 | €2.5m | €1.2m | €2.6m | ▲ 124% |
| Trade debts44 | €2.0m | €579,379 | €2.1m | ▲ 254% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €254,464 | €576,072 | -€158,473 | ▼ 128% |
| + Depreciation and write-downs630 | €240,332 | €290,399 | €291,570 | ▲ 0.4% |
| Operating cash flow (approximation) | €494,797 | €866,471 | €133,097 | ▼ 84.6% |
| Investment in fixed assets (approximation) | - | -€409,439 | -€481,479 | ▼ 17.6% |
| Change in cash | - | €419,987 | -€666,637 | ▼ 259% |
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
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€158,473
Net result drops to -€158,473, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €576,072 ▲126%
Operating result €735,227, net result €576,072, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
22-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
23-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
23-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
17-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
19-07
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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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Structure & network
Part of the group
Pro Groep Holding
8 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- Pro Groep Holding
- PROFEL
Highest known parent: Pro Groep Holding. The sources do not say who stands above it.
Owners 1
- Pro Groep HoldingparentSourceLEI registerconsolidated
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Recognitions · licences · registrations
Legal Entity Identifier
9676007R6TUQXZ7KS361