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PROFEX

Active Public limited companyfounded 1994active for 32 yearsTerhulpsesteenweg 177, 1170 Watermael-BoitsfortKBO/BCE: BE 0452.622.784
PROFEX
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Overview

Lifetime

20 annual accounts with figures on one time axis, 31 filings since 1994
peak €560,780 (2023)
€75,087▼ 8.7%
lowest -€84,719 (2009)
-€47,322▼ €75,403
peak €601,079 (2023)
€514,801▼ 14.0%
€117,418▼ 52.9%
Board4 names since 2018
2 directorsDE SCHRYVER Arthur and 1 other
Documentsfilings and deeds
24-08-202624 days late
2025abbreviated format
Loss of €47,322Reappointment: Rest'Art srl (managing director) 31-03Dividend €36,261Equity from €598,385 to €514,801Debts from €249,275 to €117,418Cash from €38,454 to €60,364

Key points

from the 2025 annual accounts

Equity

€514,801 ▼ 14.0%
598,3852024-47,322Loss-36,261Dividend514,8012025

PROFEX paid out €36,261 in dividends in a year with a loss of €47,322.

Result

-€47,322 -€47,322
€28,1002024-€47,3002025

From profit to loss in 2025, after a profit of €28,081 in 2024.

Liquidity

6.64 was 3.73 in 2024

Short-term debts fell from €105,879 to €60,206.

Filings

31 annual accounts since 1994
AprilJune31 JulyOctober200020102020

Eight of the last ten came late. The 2019 accounts came latest: 41 days after the end of the period.

Board

1 joined · 1 left

Board changed. Latest change 29-12-2025 · 2 in office.

Checked score

93
Excellent
Financially stronger than 47% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: < 0.1%▼ -0.1 percentage points vs 03-2025lowest value 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: 0.1%▲ +0.1 percentage points vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026highest value 09-2026: 0.1%▼ -0.1 percentage points vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Financial strength
Average

95+7equity 69.5% of total assets
60+6short-term debt 8.1% · cash 8.2%
11-61return on assets -6.4%

Score breakdown

raises risk
Loss of €47,322 (financial year 2025)
lowers risk
Size: total assets €740,555
Equity €514,801 (69.5% of total assets)
Figures for financial year 2025 (filed on 27-08-2026)
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 68, micro). It does better than 77% of them on solvency, 72% on liquidity, 13% on profitability and 25% on growth.

The bankruptcy probability was computed on 07-11-2026 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 31-12-2025.

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, 8,617 companies had the same profile as PROFEX has now. Each dot stands for 22 companies, two years later.

94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of PROFEX itself: 0.1% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 8,617 companies, not a prediction for PROFEX. 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 €45,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 6.64 (3.73 in 2024), above the usual 1.5. Short-term debt is 8.1% and cash 8.2% of total assets. 30.5% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Loss of €47,322 (financial year 2025)
NBB · annual accounts
lowers risk · Size: total assets €740,555
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €514,801 (69.5% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 27-08-2026)
NBB · annual accounts
raises risk · 2025 accounts filed 24 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
24 days late
2024
18 days late
2023
43 days early
2022
23 days late
2021
8 days late
2020
31 days late
2019
41 days late
← 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 15 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

W
WESTERLAAN
Managing director, Marc De Schryver
DS
DE SCHRYVER Arthur
Director, since 08-02-2024
Board & ownership

Recent changes

New managing director Westerlaan Sa appointed, REST ART resigned · Board meeting of 29-12-2025 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0452622784
Reappointment: Rest'Art srl (managing director) General meeting of 23-05-2024 · Gazette deed
Resignation: JOGINDER Singh (director) Appointment: DE SCHRYVER Arthur (director) · General meeting of 28-12-2023 · Gazette deed
All 47 events

Comparable companies

same main activity, similar in size and age
Company
PROFEX Watermael-Boitsfort €740,555 €75,087 69.5% -
NYHUSET COMPANY Molenbeek-Saint-Jean €664,835 €78,940 -66.2% -
VAN RIJSSELBERGHE Lochristi €723,256 €75,885 41.4% -
DVJ Wichelen €689,584 €71,116 43.3% 0
BULCAEN INVEST Deerlijk €690,190 €70,275 95.9% -
BADEMO Roeselare €725,621 €83,789 94.0% -
DS PATRI Berlare €791,932 €66,496 78.0% -

These companies have the same main activity as PROFEX: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €665,000 and €792,000, founded between 1989 and 1996.

Official details

Source: KBO
Status
Active since 09-05-1994Normal situation
Registered office
304 active companies are registered at this address24 started in the 12 months before. Source: KBO register, as of 7 November 2026.
Activity
Renting and operating of own or leased residential real estate, excluding social housingNACE 68201
Establishment unit
2.066.912.6221170 Watermael-Boitsfort, since 25-05-1994
Financial year end
31 December
Peppol
Reachable since 05-12-2025
Company details

Annual accounts 2025

€75,087▼ 8.7%
≈ €97,000estimated
€47,322
€514,801▼ 14.0%
€740,555▼ 22.5%
Filing
Filed on 24-08-2026
Financials

Insights on PROFEX

PROFEX files the abbreviated format. That format states no turnover. The gross margin rose from €54,471 in 2006 to €75,087 in 2025.

The balance sheet grew most from 2007 to 2009 through fixed assets, financed with long-term debt.

In September 2026, the Official Gazette published the appointment of WESTERLAAN as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 24-08-2026, 24 days late
€75,087
▼ 8.7%
-€41,542
▼ €85,127
-€47,322
▼ €75,403
€339,486
▲ 17.6%
69.5%
▲ 6.9 percentage points
6.64
▲ 2.91

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.

Turnover ≈ €97,000. Estimated: probably between €84,000 and €120,000.

Balance sheet

balance sheet total €740,555 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

69.5%

Higher than 79% of 11,289 companies in 2025.

6.64

Higher than 87% of 10,841 companies in 2025.

-6.4%

Higher than 12% of 11,174 companies in 2025.

PROFEX Middle half of the sector 80% of the sector Abbreviated accounts in real estate (NACE 68)

Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 740,555955,995996,846764,203797,452824,655846,345866,645896,997937,341979,8751.0m1.2m1.2m1.3m1.5m1.4m1.2m1.1m341,476
21/28 340,863561,533585,583763,925794,401820,621844,445861,232892,595934,360967,144995,2741.0m1.1m1.1m1.1m1.2m1.2m955,705303,730
21 -----------------297595892
22/27 340,863561,533585,583763,925794,401820,621844,445861,232892,595934,360967,144995,2741.0m1.1m1.1m1.1m1.2m1.2m955,110302,837
22 340,863560,938584,279761,911794,401820,621844,445861,025892,000925,838959,675993,5131.0m1.1m1.1m1.1m1.2m1.2m949,744295,760
23 ------02074131,1521,8901,0331,2401,4471,6531,8602,0672,2732,4802,687
24 -5951,3052,014----1823645,5787282016324621055841,5302,8874,391
29/58 399,692394,462411,2622783,0514,0341,9005,4144,4022,98112,7326,877198,009105,277178,564310,753265,40341,69195,82037,746
29 297,000311,000------------------
291 297,000311,000------------------
3 ------------47,50047,50047,500250,480250,480---
30/36 ------------47,50047,50047,500250,480250,480---
40/41 41,60845,0083,308194263-1,6449341,921012,7325,210149,41755,166129,94940,0229,72818,47981,20033,767
40 1,4031,1602,14714490-1,557-1,250-11,6154,210148,41754,166127,23339,0229,72814,58746,2001,500
41 40,20543,8481,16250173-8793467101,1171,0001,0001,0002,7151,000-3,89235,00032,267
50/53 -----------------2,8708,697-
54/58 60,36438,454406,465841,7762,0842562,4682,4812,273-1,1734351,854---16,8913,11418
490/1 720-1,490-1,0121,950-2,012-707-4946577581,11520,2515,1953,4512,8093,960
Balance sheet: equity and liabilities
10/49 740,555955,995996,846764,203797,452824,655846,345866,645896,997937,341979,8751.0m1.2m1.2m1.3m1.5m1.4m1.2m1.1m341,476
10/15 514,801598,385601,079240,061228,164213,401191,903161,127144,767103,345102,188104,37967,77658,37850,281-45,059-23,77260,94761,16552,282
10/11 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,000
10 62,00062,00062,00062,00062,000---------------
100 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,000
13 407,196443,457446,15285,13473,23758,47436,9766,2006,2006,2006,2006,2005,7763,6253,6253,6253,6253,6253,6253,625
130/1 6,2006,2006,2006,2006,2006,200--------------
130 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2005,7763,6253,6253,6253,6253,6253,6253,625
132 325,006325,006325,006-----------------
133 75,990112,252114,94678,93467,03752,27430,776-------------
14 45,60592,92792,92792,92792,92792,92792,92792,92776,56735,14533,98836,179--7,247-15,344-110,684-89,397-4,677-4,460-13,343
16 108,335108,335108,335----12,50012,500------9,6009,6006,4008,200-
160/5 -------12,50012,500------9,6009,6006,4008,200-
162 -------12,50012,500-----------
168 108,335108,335108,335-----------------
17/49 117,418249,275287,431524,142569,287611,253654,442693,018739,730833,996877,687897,7721.2m1.1m1.2m1.5m1.5m1.2m982,160289,194
17 51,954138,172193,565293,567322,282374,440438,950516,592613,716709,691659,326718,341883,116925,236944,6741.1m965,6881.0m783,272194,192
170/4 37,654120,722176,115228,817278,982331,140398,950476,592568,716664,691659,326718,341883,116925,236944,6741.1m965,6881.0m783,272194,192
178/9 14,30017,45017,45064,75043,30043,30040,00040,00045,00045,000----------
42/48 60,206105,87988,642218,488241,380230,063210,092172,376121,430122,955161,311177,631226,501154,679250,252400,943476,773160,006198,88895,002
42 38,92554,99952,30850,16580,13195,42475,25791,55289,49190,84657,15655,50993,26165,73759,15585,91655,91942,29140,10621,042
43 ------19,9946,3173,7717,50066,03381,04185,50048,002123,716273,077251,8831,518-22,301
430/8 ------19,9946,3173,7717,50066,03381,04185,50048,002123,716273,077251,8831,518-22,301
44 17,3854,4467,06422,02719,97026,52428,72237,9681,0274,0294,3257,7598,6159,9382,19414,0792,52857612,8564,766
440/4 17,3854,4467,06422,02719,97026,52428,72237,9681,0274,0294,3257,7598,6159,9382,19414,0792,52857612,8564,766
45 2,35714,48324,75713,72818,48333,11430,42329,70221,9691,05113,48219,87310,1355,1302,4511,7852,3026,58727,2141,516
450/3 2,35714,48324,75713,72818,48333,11430,42329,70221,9691,05110,57919,8739,5295,1303501,7852,3026,5876,9741,516
454/9 ----------2,903-607-2,101---20,241-
47/48 1,53931,9514,513132,568122,79675,00155,6966,8385,17219,52920,31513,44928,99025,87262,73626,086164,140109,034118,71345,378
492/3 5,2585,2245,22412,0875,6256,7505,4004,0504,5841,35057,0501,80051,17534,37532,50018,20013,655---
Income statement
76A --458,341----7093,0254,004-74,020194,478--2,40019,658-8
9900 75,08782,221560,78089,91582,31295,578115,94085,277160,87975,97480,52962,777114,084136,394221,425112,89839,078136,84775,67054,471
630 16,04824,05024,05038,67537,17434,69434,20031,36434,75838,26137,27436,19436,83236,83241,21136,87959,01498,60031,61125,635
631/4 --12,653-----------------
635/8 --------12,500------9,600-3,200-1,8008,200-
640/8 15,95814,58619,22716,43916,85716,41315,61214,42627,3111,08813,59913,99915,13619,01217,8172,8121,9185,5606,5036,577
66A 84,623--------5,495313--12,500-22,352279--1,523
9901 -41,54243,585504,85134,80128,28044,47066,12739,48886,31131,13029,65612,58462,11680,551171,99873,206-25,05434,48729,35722,259
75/76B 2,8769,252361-3,022---10-74316812,85414284,211-
75 2,8769,252361-3,022---10-74316812,85414284,211-
65/66B 8,74510,18817,27916,5829,64811,90615,38515,39522,90028,92331,67237,14548,82963,43176,82684,99661,78854,17520,22116,506
65 8,74510,18817,27916,5829,64811,90615,38515,39522,90028,92331,67237,14548,82963,43176,82684,99661,78854,17520,22116,506
9903 -47,41042,649487,93318,21921,65432,56450,74224,09363,4122,208-2,32949,46613,3119,10095,340-21,287-84,71939713,3474,239
680 --108,335-----------------
67/77 -8814,56818,5806,3236,89011,06619,9677,73321,9901,051-13812,8623,9144420--6154,464885
9904 -47,32228,081361,01811,89714,76321,49830,77616,36041,4221,157-2,19136,6049,3978,65895,340-21,287-84,719-2188,8833,354
689 --325,006-----------------
9905 -47,32228,08136,01311,89714,76321,49830,77616,36041,4221,157-2,19136,6049,3978,65895,340-21,287-84,719-2188,8833,354
Appropriation of the result
9906 45,605121,008128,940104,824107,690114,426123,70392,92776,56735,14533,98836,6042,151-7,247-15,344-110,684-89,397-4,677-4,460-13,343
14P 92,92792,92792,92792,92792,927---------------
791/2 36,26130,776------------------
691/2 -28,08136,01311,89714,76321,49830,776----4252,151-------
6920 -----------4252,151-------
6921 -28,08136,01311,89714,76321,49830,776-------------
694/7 36,26130,776------------------
694 36,26130,776------------------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 11 older financial years (1994-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 24-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 24 days after the deadline. Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00430181.

Financial year Type Filed Reference Document
31-12-2025 abbreviated format 24-08-2026 2026-00430181 PDF
31-12-2024 micro format 18-08-2025 2025-00381260 PDF
31-12-2023 micro format 18-06-2024 2024-00141765 PDF
31-12-2022 micro format 23-08-2023 2023-00364543 PDF
31-12-2021 micro format 08-08-2022 2022-20279146 PDF
31-12-2020 micro format 31-08-2021 2021-66200188 PDF
31-12-2019 micro format 10-09-2020 2020-52700429 PDF
31-12-2018 micro format 30-08-2019 2019-63200470 PDF
31-12-2017 micro format 22-08-2018 2018-48800569 PDF
31-12-2016 full format 30-07-2017 2017-37600543 PDF
31-12-2015 full format 28-07-2016 2016-39200167 PDF
31-12-2014 full format 30-09-2015 2015-62600351 PDF
31-12-2013 full format 29-09-2014 2014-60900265 PDF
31-12-2012 full format 13-08-2013 2013-41400477 PDF
31-12-2011 full format 31-07-2012 2012-38900206 PDF
31-12-2010 full format 30-07-2011 2011-36900156 PDF
31-12-2009 full format 31-08-2010 2010-53000253 PDF
31-12-2008 full format 31-08-2009 2009-74500090 PDF
31-12-2007 full format 31-08-2008 2008-67500152 PDF
31-12-2006 full format 28-09-2007 2007-75500135 PDF
31-12-2005 full format 31-08-2006 2006-72102924 PDF
31-12-2004 full format 30-09-2005 2005-74501468 PDF
31-12-2002 full format 31-07-2003 2003-56504446 PDF
31-12-2001 full format 30-07-2002 2002-43603237 PDF
31-12-2000 full format 31-07-2001 2001-45805353 PDF
31-12-1999 full format 03-07-2000 2000-35300688 PDF
31-12-1998 full format 25-06-1999 1999-23502692 PDF
31-12-1997 full format 03-06-1998 1998-13000543 PDF
31-12-1996 full format 30-05-1997 1997-10304454 PDF
31-12-1995 full format 07-06-1996 1996-13704040 PDF
31-12-1994 full format 13-10-1995 1995-53804985 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
-25,49367,635528,90173,47665,45479,165100,32870,852121,06869,39166,93048,77898,948117,383213,209110,08633,960133,08760,96747,894
-31,27452,131385,06850,57151,93756,19364,97647,72476,17939,41835,08372,79846,22945,490136,55115,592-25,70598,38340,49328,989
-204,6230-154,2928,19910,95410,87017,4130-7,00710,5119,1449090602692030,332328,460683,5861,869
21,910-368,011406,380-1,692-3081,828-2,212-13207--738-1,419----13,7773,095-
339,486288,583322,620-218,210-238,329-226,029-208,192-166,962-117,029-119,974-148,580-170,754-28,492-49,402-71,688-90,190-211,369-118,315-103,068-57,256
69.5%62.6%60.3%31.4%28.6%25.9%22.7%18.6%16.1%11.0%10.4%10.4%5.5%5.0%3.9%-3.1%-1.6%4.9%5.8%15.3%
6.643.734.640.000.010.020.010.030.040.020.080.040.870.680.710.780.560.260.480.40
6.643.734.640.000.010.020.010.030.040.020.080.040.660.370.520.150.030.260.480.40
0.230.420.482.182.502.863.414.305.118.078.598.6017.1319.0924.41--19.3516.065.53
-9.2%4.7%60.1%5.0%6.5%10.1%16.0%10.2%28.6%1.1%-2.1%35.1%13.9%14.8%189.6%---0.4%14.5%6.4%
-6.4%2.9%36.2%1.6%1.9%2.6%3.6%1.9%4.6%0.1%-0.2%3.7%0.8%0.7%7.5%-1.5%-5.9%0.0%0.8%1.0%
-2.926.6430.614.436.78---------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets---€8,199€10,954
€16,048€24,050€24,050€38,675€37,174

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on PROFEX

The operating result for 2025 is a loss of €41,542, after a profit of €43,585 in 2024. It is the lowest result since 2006.

Debt's share of the balance-sheet total falls from 26.1% to 15.9%. Equity and debt are lower.

Large changes and their cause
  • 2024 Net result -92% on 2023. The 2023 profit included a one-off income of €458,341.
  • 2023 Net result +2,935% on 2022. The 2023 profit included a one-off income of €458,341.

Board & ownership

Board

2 directors, 1 in day-to-day management, last change in September 2026
DE SCHRYVER Arthur
Director
since 08-02-2024
listed in the 2025 annual accounts, filed on 24-08-2026
WESTERLAAN NV
Director and managing director, permanent representative Marc De Schryver
director since 29-12-2025 managing director appointed by deed of 08-09-2026 6-year term from 2026, 6-year term from 2025
listed in the 2025 annual accounts, filed on 24-08-2026
WESTERLAAN
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“ARTICLE 25 - REPRESENTATION - ACTES ET ACTIONS JUDICIAIRES Sans préjudice, savoir : a) aux délégations spéciales conférées par le conseil…”
deed of 12-02-2024
Permanent representatives 1
Marc De Schryver
Permanent representative, for WESTERLAAN
appointed by deed of 08-09-2026

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today
DE SCHRYVER Arthur
Director
WESTERLAAN
Director, Managing director
REST'ART
Managing director
JOGINDER Singh
Director
LeadershipBoardEarlierRest of the termmandate already running before its first mention
Mandates as a list
  • DE SCHRYVER Arthur
    • Director, from 28-12-2023 to date
  • WESTERLAAN
    • Director, from 29-12-2025 to date
    • Managing director, appointed by deed of 08-09-2026, still in office
  • REST'ART
    • Board, from 28-11-2018 to 21-12-2025
    • Managing director, from before 31-03-2025 to 01-09-2026
  • JOGINDER Singh
    • Director, from 18-10-2018 to 12-02-2024

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€62,000
Shares
125
Contribution per share
€496
Equity per share
€4,118 in 2025
Source
deed of 12-02-2024

Articles of association

deed of 12-02-2024 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
“Conseil peut créer en son sein sous sa responsabilité un ou plusieurs comités consultatifs définit composition et mission, par simple…”
Financial instrumentThe company can also issue securities other than shares, such as bonds or warrants.
“Autorisation à organe d'administration, cinq ans à compter du jour fixé par loi comme point de départ”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Fourth Thursday of May at 11:00

Network & group

No group

PROFEX has no parent and no holdings in its annual accounts.

At the same address

Terhulpsesteenweg 177, 1170 Watermael-Boitsfort · 303 other companies
International Beverages Corporation
registered office since 01-12-1970 · founded in 1970 · group Heineken N.V. · accounts filed late
 35 FTE (2024)
0407.903.410
PRIMARK
registered office since 23-07-2009 · founded in 2009
 1,201 FTE (2025)
0817.296.264
Société du Pré au Lion
registered office since 20-10-2011 · founded in 2011
 total assets €215.3m (2025)
0840.453.728
Franklin Finance International
registered office since 10-07-2012 · founded in 2012
 total assets €111.4m (2025)
0847.275.697
ATLANCE
registered office since 28-12-2001 · founded in 2001 · group ECONOCOM GROUP
 6.1 FTE (2025)
0476.489.635
BARON INVESTMENTS
registered office since 17-06-2009 · founded in 2005
 total assets €29.5m (2025)
0874.314.943
RESIDE ETUDES BELGIUM
registered office since 18-02-2015 · founded in 2015 · negative equity (2025)
 total assets €24.8m (2025)
0598.753.680
ASAPAN
registered office since 01-12-2015 · founded in 2015
 total assets €24.4m (2025)
0643.736.738
SOGECONDROZ
registered office since 01-01-1987 · founded in 1987
 total assets €22.6m (2025)
0430.475.112
BRICKS & LEISURE VASTGOED
registered office since 28-12-2012 · founded in 2012 · group UNIBRICKS · accounts filed late
 6.3 FTE (2024)
0508.774.007
and 293 more

Connections & network

2 current directors
Depth

The network lets you explore the ties of PROFEX.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

47 events since 1994

Deadline for the 2026 accounts: 31-07-2027

2026
New managing directorWesterlaan Sa appointed, REST ART resigned · Board meeting of 29-12-20255 points ▸
  • Director resignation, REST ART (managing director)
  • Director appointment, Westerlaan Sa, mentioned twice in the deed
  • Power of attorney, SRL Gesti-Conseils Fiscalité, mentioned twice in the deed
  • Board meeting, 29-12-2025
  • Director appointment, Westerlaan Sa (managing director)

Open the deed in the Belgian Official Gazette

Annual accounts 2025 filed NBBabbreviated format · 24 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0452622784
Annual accounts 2024 filed PDFmicro format · 18 days late
Reappointment: Rest'Art srl (managing director)General meeting of 23-05-20244 points ▸
  • General meeting, 23-05-2024
  • Director reappointment, Rest'Art srl
  • Board meeting, 23-05-2024
  • Director reappointment, Rest'Art srl (managing director)

Open the deed in the Belgian Official Gazette

2024
Annual accounts 2023 filed PDFmicro format · 43 days before the deadline
Resignation: JOGINDER Singh (director)Appointment: DE SCHRYVER Arthur (director) · General meeting of 28-12-20234 points ▸
  • General meeting, 28-12-2023
  • Capital, €62,000, 125 shares
  • Director resignation, JOGINDER Singh
  • Director appointment, DE SCHRYVER Arthur
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

2023
Highest result from 2006 to 2025 net €361,018 ▲2,935% The operating result of €504,851 and the net result of €361,018 are both a record.
Liquidity more than 3644 times current ratio 4.64 The current ratio rises from 0.00 to 4.64. Short-term debt falls from €218,488 to €88,642.
Equity above €500,000 equity €601,079 ▲150% After 8 profitable years in a row, equity reaches €601,079.
Annual accounts 2022 filed PDFmicro format · 23 days late
Registered office moved from Uccie to Watermael-BoitsfortNew registered office: Chaussée de la Hulpe 177 boite 20 à 1170 Watermael Boitsfort · Previous registered office: Av Winston Chuchill 149 1180 Uccie · Board meeting of 02-11-20223 points ▸
  • Board meeting, 02-11-2022
  • Registered-office move, Chaussée de la Hulpe 177 boite 20 à 1170 Watermael Boitsfort
  • Power of attorney, SRL Gesti-Coriseils Fiscalité

Open the deed in the Belgian Official Gazette

2022
Annual accounts 2021 filed PDFmicro format · 8 days late
2021
Annual accounts 2020 filed PDFmicro format · 31 days late
2020
Equity above €200,000 equity €213,401 ▲11.2% After 5 profitable years in a row, equity reaches €213,401.
Annual accounts 2019 filed PDFmicro format · 41 days late
2019
Annual accounts 2018 filed PDFmicro format · 30 days late
2018
Equity above €150,000 equity €161,127 ▲11.3% After 3 profitable years in a row, equity reaches €161,127.
Annual accounts 2017 filed PDFmicro format · 22 days late
2017
Annual accounts 2016 filed PDFfull format · 1 day before the deadline
2016
Back to profit net €1,157 The net result is €1,157, after one loss-making year.
Annual accounts 2015 filed PDFfull format · 3 days before the deadline
2015
Annual accounts 2014 filed PDFfull format · 61 days late
2014
Equity above €100,000 equity €104,379 ▲54% After 4 profitable years in a row, equity reaches €104,379.
Annual accounts 2013 filed PDFfull format · 60 days late
2013
Annual accounts 2012 filed PDFfull format · 13 days late
2012
Annual accounts 2011 filed PDFfull format · on the deadline day
2011
Back to profit net €95,340 The net result is €95,340, after 3 loss-making years.
Annual accounts 2010 filed PDFfull format · 1 day before the deadline
2010
Annual accounts 2009 filed PDFfull format · 31 days late
2009
Weakest financial year net -€84,719 The net result drops to -€84,719, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2008 filed PDFfull format · 31 days late
2008
Annual accounts 2007 filed PDFfull format · 31 days late
2007
Annual accounts 2006 filed PDFfull format · 59 days late
2006
Annual accounts 2005 filed PDFfull format
2005
Annual accounts 2004 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
2002
Annual accounts 2001 filed PDFfull format
2001
Annual accounts 2000 filed PDFfull format
2000
Annual accounts 1999 filed PDFfull format
1999
Annual accounts 1998 filed PDFfull format
1998
Annual accounts 1997 filed PDFfull format
1997
Annual accounts 1996 filed PDFfull format
1996
Annual accounts 1995 filed PDFfull format
1995
Annual accounts 1994 filed PDFfull format
1994
First establishment PROFEX SA, Terhulpsesteenweg 177, Watermael-Boitsfort
Incorporation published on 28-05-1994

Financial milestones sit on the financial year-end date, not the filing date.

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

History

On 9 May 1994, PROFEX was incorporated.1 In 2023 the registered office moved to Watermael-Boitsfort.2 Total assets went from €866,645 in 2018 to €740,555 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 17-03-2023
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0452.622.784
VAT number
BE 0452.622.784
Peppol ID
0208:0452622784
Other Peppol ID
9925:BE0452622784
Legal form
Public limited company
Status
Active, normal situation
Founded
09-05-1994
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Fourth Thursday of May at 11:00
deed of 12-02-2024 (in French)
Peppol
Reachable since 05-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
PROFEX in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 12-02-2024 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale”
deed of 12-02-2024 (in French)

Activities

NACEBEL 2025
68201 Renting and operating of own or leased residential real estate, excluding social housing main activity
Codes under NACEBEL 2008
68201 Real estate activities main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Achat à vente,la représentation,la fabrication et le courtage de tous matériaux de construction ainsi que l’importation,l’exportation et le…”
6 activities
  1. Achat à vente,la représentation,la fabrication et le courtage de tous matériaux de construction ainsi que l’importation,l’exportation et le commerce en général de tous produits et marchandise soumis à licence d’importation ou d’exportation.
  2. La société pourra exercer ses activités soit pour son propre-compte,soit en participation avec des tiers,soit pour le compte de tiers.
  3. La société peut entamer tous programmes de recherches relatives à de nouveaux produits ou procédés ainsi qu’acquérir,exploiter et accorder tous brevets de licences ou marques.
  4. La société pourra réaliser son objet et en tous lieux,de toutes les manières et suivant les modalités qui lui paraîtront mieux appropriées.
  5. Elle pourra,d’une façon générale,faire toutes les opérations commerciales,industrielles,financières,mobilières et immobilières se rapportant directement ou indirectement,en tout ou en partie,à son objet ou qui seraient de nature à en faciliter ou à en développer la réalisation.
  6. La société pourra s’intéresser par voie d’apport,de fusion,de souscription ou de toute autre manière dans toutes entreprises,associations ou sociétés ayant un objet similaire,analogue ou connexe ou de nature à favoriser celui de la société.
deed of 12-02-2024 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
PROFEX SA registered office Terhulpsesteenweg 177, 1170 Watermael-Boitsfort 25-05-1994 2.066.912.622
1 former office
  • Av Winston Chuchill 149, 1180 Uccie until 02-11-2022 · deed of 17-03-2023

Buildings and parcels at the address

Ground area
5,127 m²
Buildings
1,510 m²
Volume, LiDAR
23,163 m³
Tallest building
36.3 m
Buildings to scale, each on its own parcel
1,510 m², 36.3 m 1,510 m², 36.3 m

Location

registered office establishment The establishment unit on the map
304 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21652E0039/00H0035,127 m² 1 · 1,510 m² 36.3 m · 1

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