PROFEX
ActivePROFEX has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €515k and a net result of €-47k. Equity is growing by ~18.6% per year across the filed fiscal years. Its solvency ranks better than 78% of 9183 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability11▼-61
Solvency95▲+7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 6.64 against 3.73 in 2024; short-term debt: 8.1% and cash: 8.2% of total assets), and 30.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
18 d late
2023
43 d early
2022
23 d late
2021
8 d late
2020
31 d late
2019
41 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€515k▼ 14.0%
2024 · €598k
2018: €161k
2019: €192k
2020: €213k
2021: €228k
2022: €240k
2023: €601k
2024: €598k
2018 → 2025
Total assets
€741k▼ 22.5%
2024 · €956k
2018: €867k
2019: €846k
2020: €825k
2021: €797k
2022: €764k
2023: €997k
2024: €956k
2018 → 2025
Net result
€-47k
2024 · €28k
2018: €16k
2019: €31k
2020: €21k
2021: €15k
2022: €12k
2023: €361k
2024: €28k
2018 → 2025
Working capital
€339k▲ 17.6%
2024 · €289k
2018: €-167k
2019: €-208k
2020: €-226k
2021: €-238k
2022: €-218k
2023: €323k
2024: €289k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€228k-€240k▲ 5.2%€601k▲ 150%€598k▼ 0.4%€515k▼ 14.0%
Operating result€28k-€35k▲ 23.1%€505k▲ 1,351%€44k▼ 91.4%€-42k
Net result€15k-€12k▼ 19.4%€361k▲ 2,935%€28k▼ 92.2%€-47k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €42k after €44k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €741k
Fixed assets
€341k▼ 39.3%
Current assets
€400k▲ 1.3%
Equity and liabilities €741k
Equity
€515k▼ 14.0%
Provisions
€108k=
Debt
€117k▼ 52.9%
The debt ratio falls from 26.1% to 15.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-25k▼
2024 · €68k
Cash flow
€-31k▼
2024 · €52k
Solvency
69.5%▲
2024 · 62.6%
Current ratio
6.64▲
2024 · 3.73
Quick ratio
6.64▲
2024 · 3.73
Debt / equity
0.23▼
2024 · 0.42
ROE
-9.2%▼
2024 · 4.7%
ROA
-6.4%▼
2024 · 2.9%
Interest coverage
-2.92▼
2024 · 6.64
Debt
€117k▼
2024 · €249k
Debt ≤ 1 year
€60k▼
2024 · €106k
Debt > 1 year
€52k▼
2024 · €138k
Income taxes
€-88▼
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€956k€741k▼
Fixed assets21/28€562k€341k▼
Tangible fixed assets22/27€562k€341k▼
Land and buildings22€561k€341k▼
Furniture and vehicles24€595-
Current assets29/58€394k€400k▲
Amounts receivable after more than one year29€311k€297k▼
Other amounts receivable291€311k€297k▼
Amounts receivable within one year40/41€45k€42k▼
Trade receivables40€1k€1k▲
Other amounts receivable41€44k€40k▼
Cash at bank and in hand54/58€38k€60k▲
Deferred charges and accrued income490/1-€720
Equity and liabilities
Total equity and liabilities10/49€956k€741k▼
Equity10/15€598k€515k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€443k€407k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€325k€325k=
Distributable reserves133€112k€76k▼
Profit (loss) carried forward14€93k€46k▼
Provisions and deferred taxes16€108k€108k=
Deferred taxes168€108k€108k=
Amounts payable17/49€249k€117k▼
Amounts payable after more than one year17€138k€52k▼
Financial debts170/4€121k€38k▼
Other amounts payable178/9€17k€14k▼
Amounts payable within one year42/48€106k€60k▼
Current portion of amounts payable after more than one year42€55k€39k▼
Trade debts44€4k€17k▲
Suppliers440/4€4k€17k▲
Taxes, remuneration and social security45€14k€2k▼
Taxes450/3€14k€2k▼
Other amounts payable47/48€32k€2k▼
Accrued charges and deferred income492/3€5k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€16k▼
Other operating charges640/8€15k€16k▲
Non-recurring operating charges66A-€85k
Gross operating margin9900€82k€75k▼
Operating profit (loss)9901€44k€-42k▼
Financial income75/76B€9k€3k▼
Recurring financial income75€9k€3k▼
Financial charges65/66B€10k€9k▼
Recurring financial charges65€10k€9k▼
Profit (loss) for the period before taxes9903€43k€-47k▼
Income taxes67/77€15k€-88▼
Profit (loss) for the period9904€28k€-47k▼
Profit (loss) for the period to be appropriated9905€28k€-47k▼
Appropriation of the result
Profit (loss) to be appropriated9906€121k€46k▼
Profit (loss) brought forward from the previous period14P€93k€93k=
Transfer from equity791/2€31k€36k▲
Transfer to equity691/2€28k-
To other reserves6921€28k-
Profit to be distributed694/7€31k€36k▲
Return on contributions (dividend)694€31k€36k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-09
State Gazette act
General meeting · Director resignationGeneral meeting · Director resignation · Director appointment5 facts ▸
State Gazette act
General meeting · Director resignation
General meeting · Director resignation · Director appointment5 facts ▸
- General meeting, 2025-12-29
- Director resignation, REST ART (administrateur délégué)
- Director appointment, Westerlaan SA (administrateur)
- Director appointment, Westerlaan SA (administrateur délégué)
- Power of attorney, Gesti-Conseils Fiscalité
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
31-12
Financial
Weakest financial yearnet €-47k ▼269%
Net result drops to €-47k, the lowest in the series.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €361k ▲2935%
Operating result €505k, net result €361k, both a record.
31-12
Financial
Liquidity times 3644current ratio 4.64
Current ratio from 0.00 to 4.64; short-term debt falls from €218k to €89k.
31-12
Financial
Equity above €500kEq €601k ▲150%
6 profitable years in a row build equity to €601k.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €200kEq €213k ▲11.2%
3 profitable years in a row build equity to €213k.
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
30-07
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.
Directors · office · real estate
Directors
2 directors, no change since 2025
WESTERLAAN
CurrentDirector · since 29-12-2025 · Public limited company
29-12-2025
WESTERLAAN: Appointed as Director
29-12-2025
WESTERLAAN: Appointed as Managing director
29-12-2025
REST ART: Resigned as Managing director
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Terhulpsesteenweg 1771170 Watermaal-BosvoordeGround area
5,127 m²
Building footprint
1,510 m²
Volume, LiDAR
23,163 m³
Parcel 21652E0039/00H003, Brussels · tallest building 36.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PROFEX SA
since 19942.066.912.622
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0039/00H003 | Brussels | 5,127 m² | 1 · 1,510 m² | 36.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 partyControl over this companysits on this company's board1
1 subsidiary · 1 location
controls
PROFEXBE 0452.622.784
Similar companies · same sector, comparable size
3B119 INVEST
BE 0506.729.780
Elsene · Eq €515k
ESPACE SAINT ANTOINE
BE 0453.422.441
Antwerpen · Eq €515k
DUX/PROPERTY
BE 0860.360.306
Vilvoorde · Eq €515k
Axel Lenaerts Groep
BE 0721.552.316
Gent · Eq €514k
JETIBEL
BE 0427.116.833
Heusden-Zolder · Eq €514k
Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 5,029 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-05-1994
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.