PROFI
In liquidation since 10-03-2026Financials · financial year 2025, full format
Annual accounts 2025 filed on 08-04-2026 PDF all 48 filings
Turnover
€15.7m▼ 84.7%
2023 · €102.6m
EBIT margin
-9.9%▲ 20.1pp
2023 · -30.0%
Net result
-€585,437▲ 71.8%
2024 · -€2.1m
Working capital
-€17.1m▼ 5.6%
2024 · -€16.2m
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€399,104
2025
20182025
Net result
-€585,437
▲ 71.8%
2025
lowest quarter of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
-€17.3m
▼ 3.5%
2025
lowest quarter of the sector
20182025
Total assets
€53,419
▼ 90.6%
2025
lowest quarter of the sector
20182025
Debt
€17.1m
▲ 2.3%
2025
20182025
Working capital
-€17.1m
▼ 5.6%
2025
lowest quarter of the sector
20182025
Solvency
no figure
2025
20182025
Current ratio
0.00
▼ 0.03
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
no figure
2025
20182025
Staff (FTE)
3.4
▼ 91.0%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€105.8m-€105.3m▼ 0.5%€120.4m▲ 14.3%€106.2m▼ 11.8%€98.5m▼ 7.3%€102.6m▲ 4.1%€15.7m▼ 84.7%
Operating result-€7.7m--€3.5m▲ 54.1%€0.3m-€5.7m-€10.9m▼ 89.9%-€30.7m▼ 182%-€1.5m▲ 95.0%€0.4m
Net result-€7.8m--€3.6m▲ 53.8%€0.3mabove the sector's middle half-€5.8mbelow the sector's middle half-€10.9mbelow the sector's middle half▼ 89.6%-€30.8mbelow the sector's middle half▼ 182%-€2.1mbelow the sector's middle half▲ 93.2%-€0.6mbelow the sector's middle half▲ 71.8%
EBIT margin-7.3%--3.4%▲ 3.9pp0.2%▲ 3.6pp-5.4%▼ 5.6pp-11.0%▼ 5.6pp-30.0%▼ 18.9pp-9.9%▲ 20.1pp
Equity€1.6m--€0.02m€1.0mabove the sector's middle half€1.3mabove the sector's middle half▲ 22.9%€1.1mabove the sector's middle half▼ 9.9%-€14.6mbelow the sector's middle half-€16.7mbelow the sector's middle half▼ 14.2%-€17.3mbelow the sector's middle half▼ 3.5%
Total assets€22.0m-€33.3m▲ 51.3%€25.7mabove the sector's middle half▼ 22.6%€18.9mabove the sector's middle half▼ 26.5%€28.8mabove the sector's middle half▲ 51.9%€18.3mabove the sector's middle half▼ 36.5%€0.6mwithin the sector's middle half▼ 96.9%€0.05mbelow the sector's middle half▼ 90.6%
Debt€20.3m-€32.1m▲ 57.9%€24.3m▼ 24.5%€17.4m▼ 28.3%€27.3m▲ 57.1%€17.8m▼ 34.7%€16.7m▼ 6.4%€17.1m▲ 2.3%
Working capital-€5.1m--€5.7m▼ 10.6%-€4.4mbelow the sector's middle half▲ 21.4%-€4.0mbelow the sector's middle half▲ 10.0%-€9.3mbelow the sector's middle half▼ 131%-€6.3mbelow the sector's middle half▲ 32.1%-€16.2mbelow the sector's middle half▼ 157%-€17.1mbelow the sector's middle half▼ 5.6%
Solvency7.1%--0.1%▼ 7.2pp4.0%below the sector's middle half▲ 4.1pp6.7%below the sector's middle half▲ 2.7pp4.0%below the sector's middle half▼ 2.7pp-80.1%below the sector's middle half▼ 84.1pp
Current ratio0.75-0.82▲ 0.080.82below the sector's middle half▼ 0.010.77below the sector's middle half▼ 0.050.66below the sector's middle half▼ 0.110.65below the sector's middle half▼ 0.010.03below the sector's middle half▼ 0.620.00below the sector's middle half▼ 0.03
Return on assets (ROA)-35.3%--10.8%▲ 24.5pp1.0%within the sector's middle half▲ 11.7pp-30.4%below the sector's middle half▼ 31.4pp-38.0%below the sector's middle half▼ 7.6pp-168.5%below the sector's middle half▼ 130.5pp-365.0%below the sector's middle half▼ 196.4pp
Staff (FTE)451.1-453.5▲ 0.5%441.7above the sector's middle half▼ 2.6%416above the sector's middle half▼ 5.8%360.3above the sector's middle half▼ 13.4%348above the sector's middle half▼ 3.4%37.7above the sector's middle half▼ 89.2%3.4within the sector's middle half▼ 91.0%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €399,104, after a loss of €1.5m in 2024. It is the highest result since 2021.
Large changes and their cause
- 2022 Total assets +52% on 2021. Capital increase of €10,800,000 (Official Gazette 28-12-2022). Capital increase of €6,000,000 (Official Gazette 11-01-2022).
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53,419
Fixed assets
€30,888 ▼ 1.9%
Current assets
€22,531 ▼ 95.8%
Equity and liabilities
Equity-€17.3m
Debt€17.1m
Equity is negative. Debt (€17.1m) exceeds the balance-sheet total (€53,419).
Key figures and ratios
Debt ≤ 1 year
€17.1m▲
2024 · €16.7m
Income taxes
€82▲
2024 · €29
Staff costs
€30,518▼
2024 · €2.4m
A ratio outside any meaningful range has been withheld (balance sheet total €53,419, equity -€17.3m).
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.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 467 | 442 | 358 | 8 | 5 |
| full-time | 178 | 179 | 149 | 3 | 2 |
| part-time | 289 | 263 | 209 | 5 | 3 |
| in full-time equivalents | 371.2 | 354.4 | 293.6 | 5.9 | 3.4 |
| Average over the year, in full-time equivalents | 416 | 360.3 | 348 | 37.7 | 1.7 |
| On a permanent contract | 315 | 314 | 292 | 8 | 5 |
| Joined | 1,064 | 212 | 124 | 2 | 0 |
| Left | 1,168 | 237 | 208 | 289 | 3 |
| Agency workers, average number | 37.2 | 61.1 | 67.7 | 7.9 | - |
| Training hours | 11,428 | 3,239 | 9,096 | 447 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | - | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1.2m | €6.7m | €603,002 | - | - |
| Intangible fixed assets | €4,468 | €525,136 | - | - | - |
| Depreciation and write-downs of the year | €1.4m | €1.5m | €1.9m | €241,622 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €30,168 | €39,300 | €41,200 | €28,000 | €9,000 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2023 · 4 entries · €8,363 awarded · €8,363 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 2 | €5,771 | €5,771 |
| 2022 | 2 | €2,592 | €2,592 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €119.2m | €114.2m | €115.1m | €21.8m | €0.5m | ▼ 97.6% |
| Turnover70 | €105.8m | €105.3m | €120.4m | €106.2m | €98.5m | €102.6m | €15.7m | - | - |
| Other operating income74 | - | - | - | €12.6m | €12.5m | €12.5m | €2.7m | €0.004m | ▼ 99.9% |
| Non-recurring operating income76A | - | - | - | €0.4m | €3.2m | €0.1m | €3.5m | €0.5m | ▼ 85.1% |
| Operating charges60/66A | - | - | - | €124.9m | €125.0m | €145.9m | €23.4m | €0.1m | ▼ 99.5% |
| Goods for resale, raw materials and consumables60 | - | - | - | €85.7m | €80.5m | €83.1m | €14.8m | - | - |
| Purchases600/8 | - | - | - | €84.9m | €80.7m | €81.0m | €7.3m | - | - |
| Change in stocks: decrease (increase)609 | - | - | - | €0.8m | -€0.2m | €2.1m | €7.5m | - | - |
| Services and other goods61 | - | - | - | €23.3m | €29.3m | €29.5m | €4.9m | €0.06m | ▼ 98.8% |
| Remuneration, social security and pensions62 | - | - | - | €13.6m | €13.0m | €13.5m | €2.4m | €0.03m | ▼ 98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.4m | €1.6m | €1.5m | €1.4m | €1.5m | €1.9m | €0.2m | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.03m | -€0.1m | €0.03m | -€0.04m | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0.002m | €0.1m | €0.02m | -€0.09m | - | - |
| Other operating charges640/8 | - | - | - | €0.4m | €0.4m | €0.3m | €0.3m | €0.006m | ▼ 97.7% |
| Non-recurring operating charges66A | - | - | - | €0.5m | €0.3m | €17.5m | €0.8m | €0.03m | ▼ 95.9% |
| Operating profit (loss)9901 | -€7.7m | -€3.5m | €0.3m | -€5.7m | -€10.9m | -€30.7m | -€1.5m | €0.4m | - |
| Financial income75/76B | - | - | - | €0 | €9 | €0 | €0.004m | €0.001m | ▼ 80.2% |
| Recurring financial income75 | - | - | €0 | €0 | €9 | €0 | €0.004m | €0.001m | ▼ 80.2% |
| Other financial income752/9 | - | - | - | €0 | €9 | €0 | €0.004m | €0.001m | ▼ 80.2% |
| Non-recurring financial income76B | - | - | - | - | - | - | €0 | - | - |
| Financial charges65/66B | - | - | - | €0.03m | €0.04m | €0.03m | €0.5m | €1.0m | ▲ 84.3% |
| Recurring financial charges65 | €0.05m | €0.05m | €0.04m | €0.03m | €0.04m | €0.03m | €0.5m | €1.0m | ▲ 84.3% |
| Debt charges650 | €309 | €0.001m | €0.001m | €316 | €0.01m | €0.001m | €0.5m | €1.0m | ▲ 88.0% |
| Other financial charges652/9 | - | - | - | €0.03m | €0.03m | €0.03m | €0.01m | €0.001m | ▼ 91.9% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €0 | - | - |
| Profit (loss) for the period before taxes9903 | -€7.8m | -€3.6m | €0.3m | -€5.8m | -€10.9m | -€30.8m | -€2.1m | -€0.6m | ▲ 71.8% |
| Income taxes67/77 | - | - | - | - | - | €301 | €29 | €82 | ▲ 183% |
| Taxes670/3 | - | - | - | - | - | €301 | €29 | €82 | ▲ 183% |
| Profit (loss) for the period9904 | -€7.8m | -€3.6m | €0.3m | -€5.8m | -€10.9m | -€30.8m | -€2.1m | -€0.6m | ▲ 71.8% |
| Profit (loss) for the period to be appropriated9905 | -€7.7m | -€3.6m | €0.3m | -€5.8m | -€10.9m | -€30.8m | -€2.1m | -€0.6m | ▲ 71.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €22.0m | €33.3m | €25.7m | €18.9m | €28.8m | €18.3m | €0.6m | €0.05m | ▼ 90.6% |
| Formation expenses20 | - | - | - | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €6.8m | €6.8m | €5.9m | €5.5m | €10.7m | €6.7m | €0.03m | €0.03m | ▼ 1.9% |
| Intangible fixed assets21 | €0.2m | €0.1m | €0.5m | €0.4m | €0.8m | €0.2m | €0 | - | - |
| Tangible fixed assets22/27 | €6.6m | €6.7m | €5.5m | €5.1m | €9.9m | €6.4m | €0 | - | - |
| Land and buildings22 | - | - | - | €0.4m | €0.04m | €0.03m | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €1.3m | €2.6m | €1.6m | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.2m | €0.07m | €0 | - | - |
| Other tangible fixed assets26 | - | - | - | €2.9m | €6.1m | €4.7m | €0 | - | - |
| Assets under construction and advance payments27 | - | - | - | €0.3m | €0.9m | - | - | - | - |
| Financial fixed assets28 | €0.002m | €0.002m | €0.002m | €0.007m | €0.007m | €0.2m | €0.03m | €0.03m | ▼ 1.9% |
| Other financial fixed assets284/8 | - | - | - | €0.007m | €0.007m | €0.2m | €0.03m | €0.03m | ▼ 1.9% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.007m | €0.007m | €0.2m | €0.03m | €0.03m | ▼ 1.9% |
| Current assets29/58 | €15.2m | €26.5m | €19.8m | €13.4m | €18.1m | €11.5m | €0.5m | €0.02m | ▼ 95.8% |
| Stocks and contracts in progress3 | €11.9m | €10.1m | €10.1m | €9.4m | €9.6m | €7.5m | €0 | - | - |
| Stocks30/36 | - | - | - | €9.4m | €9.6m | €7.5m | €0 | - | - |
| Goods purchased for resale34 | - | - | - | €9.4m | €9.6m | €7.5m | €0 | - | - |
| Amounts receivable within one year40/41 | €1.7m | €14.9m | €8.3m | €2.7m | €6.6m | €2.0m | €0.5m | €0.003m | ▼ 99.5% |
| Trade receivables40 | - | - | - | €1.6m | €2.7m | €1.6m | €0.3m | €0.002m | ▼ 99.3% |
| Other amounts receivable41 | - | - | - | €1.1m | €3.9m | €0.4m | €0.3m | €0.001m | ▼ 99.7% |
| Cash at bank and in hand54/58 | €1.6m | €1.5m | €1.4m | €1.3m | €1.8m | €2.1m | €20 | €0.02m | ▲ 1,001× |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.04m | €0.05m | €0 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €22.0m | €33.3m | €25.7m | €18.9m | €28.8m | €18.3m | €0.6m | €0.05m | ▼ 90.6% |
| Equity10/15 | €1.6m | -€0.02m | €1.0m | €1.3m | €1.1m | -€14.6m | -€16.7m | -€17.3m | ▼ 3.5% |
| Contributions10/11 | €0.5m | €0.5m | €0.5m | €10.0m | €10.0m | €25.0m | €25.0m | €25.0m | = |
| Capital10 | - | - | - | €0.5m | €0.5m | €1.5m | €1.5m | €1.5m | = |
| Issued capital100 | - | - | - | €0.5m | €0.5m | €1.5m | €1.5m | €1.5m | = |
| Uncalled capital101 | - | - | - | - | - | - | - | €0 | - |
| Contributions outside capital11 | - | - | - | €9.5m | €9.5m | €23.5m | €23.5m | €23.5m | = |
| Share premium1100/10 | - | - | - | €9.5m | €9.5m | €23.5m | €23.5m | €23.5m | = |
| Reserves13 | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Non-distributable reserves130/1 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Legal reserve130 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves not available under the articles1311 | - | - | - | - | - | - | €4 | €4 | = |
| Other1319 | - | - | - | €4 | €4 | €4 | - | - | - |
| Distributable reserves133 | - | - | - | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Profit (loss) carried forward14 | -€10.6m | -€12.2m | -€11.1m | -€10.9m | -€11.0m | -€41.8m | -€43.9m | -€44.5m | ▼ 1.3% |
| Provisions and deferred taxes16 | €0.1m | €1.2m | €0.5m | €0.3m | €0.3m | €15.0m | €0.6m | €0.3m | ▼ 54.3% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.3m | €0.3m | €15.0m | €0.6m | €0.3m | ▼ 54.3% |
| Pensions and similar obligations160 | - | - | - | €0.2m | €0.1m | €0.08m | €0 | - | - |
| Other liabilities and charges164/5 | - | - | - | €0.1m | €0.2m | €15.0m | €0.6m | €0.3m | ▼ 54.3% |
| Amounts payable17/49 | €20.3m | €32.1m | €24.3m | €17.4m | €27.3m | €17.8m | €16.7m | €17.1m | ▲ 2.3% |
| Amounts payable within one year42/48 | €20.3m | €32.1m | €24.3m | €17.4m | €27.3m | €17.8m | €16.7m | €17.1m | ▲ 2.3% |
| Trade debts44 | €16.9m | €27.2m | €19.8m | €13.9m | €23.8m | €14.4m | €0.3m | €0.05m | ▼ 82.5% |
| Suppliers440/4 | - | - | - | €13.9m | €23.8m | €14.4m | €0.3m | €0.05m | ▼ 82.5% |
| Taxes, remuneration and social security45 | - | - | - | €2.9m | €2.8m | €2.8m | €0.1m | €0.001m | ▼ 99.0% |
| Taxes450/3 | - | - | - | €0.6m | €0.7m | €0.7m | €0.1m | €0.001m | ▼ 99.0% |
| Remuneration and social security454/9 | - | - | - | €2.3m | €2.1m | €2.1m | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €0.7m | €0.7m | €0.7m | €16.3m | €17.0m | ▲ 4.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7.8m | -€3.6m | €0.3m | -€5.8m | -€10.9m | -€30.8m | -€2.1m | -€0.6m | ▲ 71.8% |
| + Depreciation and write-downs630 | €1.4m | €1.6m | €1.5m | €1.4m | €1.5m | €1.9m | €0.2m | - | - |
| Operating cash flow (approximation) | -€6.3m | -€2.0m | €1.8m | -€4.3m | -€9.4m | -€28.8m | -€1.8m | -€0.6m | ▲ 68.1% |
| Investment in fixed assets (approximation) | - | -€1.6m | -€0.6m | -€1.0m | -€6.6m | €2.1m | €6.4m | €0.001m | ▼ 100.0% |
| Change in cash | - | -€0.1m | -€0.06m | -€0.08m | €0.5m | €0.3m | -€2.1m | €0.02m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 48 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 08-04-2026 | 2026-00076599 | |
| 31-12-2024 | full format | 25-07-2025 | 2025-00313301 | |
| 31-12-2023 | full format | 31-07-2024 | 2024-00318169 | |
| 31-12-2022 | full format | 27-06-2023 | 2023-00176042 | |
| 31-12-2021 | full format | 28-06-2022 | 2022-20115999 | |
| 31-12-2020 | full format | 10-06-2021 | 2021-19000146 | |
| 31-12-2019 | full format | 19-06-2020 | 2020-18700500 | |
| 31-12-2018 | full format | 21-06-2019 | 2019-21700393 | |
| 31-12-2017 | full format | 19-06-2018 | 2018-20700007 | |
| 31-12-2016 | full format | 21-06-2017 | 2017-19700511 |