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PROFIDES

Active Cooperative companyfounded 2005active for 20 yearsRue Wattimez-Haut 48, 6210 Les Bons VillersKBO/BCE: BE 0878.153.173
PROFIDES
Financial year 2023
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Annual accounts 2023

micro format, filed on 01-11-2024, 93 days late

2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 6 November 2026.

Turnover
€130,427
▲ 9.2%
Operating result
-€55,342
▼ €33,276
EBITDA
-€49,636
▼ €33,486
Cash flow
-€52,243
▼ €33,872
Solvency
-377.3%
▼ 175.1 percentage points
Current ratio
0.24
▼ 0.41

Money flows

of every €100 of turnover, €44.43 was lost in 2023

Balance sheet

balance sheet total €76,015 on 31-12-2023
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency-377.3%

Lower than 95% of 2,267 companies in 2023.

Current ratio0.24

Higher than 8% of 2,141 companies in 2023.

Return on assets-76.2%

Lower than 95% of 2,170 companies in 2023.

PROFIDES Middle half of the sector 80% of the sector Micro accounts in education (NACE 85)

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

Staff

Staff cost per FTE€23,501

Staff costs divided by the average number of full-time equivalents.

Joined and left-1

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
Total assets20/58 76,015113,673122,240145,286133,307198,996259,194381,701526,073518,244408,406397,192312,610325,527271,89682,38624,35434,964
Fixed assets21/28 5,73610,55415,83110,64013,39314,29919,28928,19920,40211,64134,05043,59136,03761,57548,27295510,74615,053
Tangible fixed assets22/27 5,1069,92415,20110,01012,76313,66918,65927,64919,85211,34133,75043,33135,77761,35548,17285510,64614,953
Plant, machinery and equipment23 3857701,1551,5401,9242,3092,6943,0793,464--54108162216---
Furniture and vehicles24 4,7219,15414,0468,47110,83911,35915,96524,57016,38811,34133,75043,27735,66961,19347,95685510,64614,953
Financial fixed assets28 630630630630630630630550550300300260260220100100100100
Current assets29/58 70,279103,119106,409134,646119,914184,698239,905353,502505,671506,603374,356353,601276,573263,952223,62481,43113,60819,911
Amounts receivable within one year40/41 49,29081,61867,64275,62956,48096,69379,97696,373210,803193,403232,929212,817124,57479,93384,55538,00513,44319,787
Trade receivables40 29,37079,32164,54571,81325,22638,80637,58175,201106,233174,275121,937119,05675,77258,76662,76330,7624,6116,898
Other amounts receivable41 19,9202,2973,0973,81631,25457,88642,39621,172104,57119,127110,99293,76148,80221,16721,7927,2438,83212,889
Cash at bank and in hand54/58 20,42920,94138,20859,01663,43488,005159,928257,129294,867311,763139,990140,784151,998165,598139,06943,426-124
Deferred charges and accrued income490/1 560560560------1,4371,437--18,421--165-
Balance sheet: equity and liabilities
Total equity and liabilities10/49 76,015113,673122,240145,286133,307198,996259,194381,701526,073518,244408,406397,192312,610325,527271,89682,38624,35434,964
Equity10/15 -286,827-229,878-205,591-199,150-256,592-165,1251,773112,712146,428130,050127,372168,560115,176133,198149,76134,35013,42919,322
Contributions10/11 405,400404,400404,400409,400409,650422,650365,750336,750358,150339,300315,050359,540367,040273,390186,89041,15012,40012,400
Capital10 405,400404,400404,400---------------
Issued capital100 420,600419,600419,600424,600425,600438,600381,700352,700381,600354,550328,800373,550381,050287,400200,90048,40018,60018,600
Uncalled capital101 15,20015,20015,20015,20015,95015,95015,95015,95023,45015,25013,75014,01014,01014,01014,0107,2506,2006,200
Reserves13 1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
Non-distributable reserves130/1 1,8601,8601,8601,860--------------
Legal reserve130 1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860-1,8601,8601,860
Tax-exempt reserves132 --------------1,860---
Profit (loss) carried forward14 -694,087-636,138-611,851-610,410-668,102-589,635-365,837-225,898-213,582-211,110-189,539-192,840-253,724-142,052-38,989-8,660-8315,062
Provisions and deferred taxes16 -------8,523----------
Provisions for liabilities and charges160/5 -------8,523----------
Pensions and similar obligations160 -------8,523----------
Amounts payable17/49 362,842343,551327,832344,436389,899364,121257,421260,466379,645388,194281,035228,632197,434192,330122,13548,03610,92515,642
Amounts payable after more than one year17 68,659185,127185,127185,127250,292----7,19814,82732,49827,87145,30636,495-4,9808,504
Financial debts170/4 ---------7,19814,82732,49827,87145,30636,495-4,9808,504
Other amounts payable178/9 68,659185,127185,127185,127250,292-------------
Amounts payable within one year42/48 294,144158,385142,705159,310139,608364,121257,421260,466379,645380,996266,208196,134169,563147,02485,63948,0365,9457,138
Current portion of amounts payable after more than one year42 ---------7,6297,40224,00912,21117,44612,401-3,5243,079
Financial debts43 --0153153884---14-11---331,3681,459
Credit institutions430/8 --0153153884---14-11---331,3681,459
Trade debts44 42,4846,20510,51423,11650,97263,86726,29276,757112,574109,77559,51121,99628,27555,3237,70624,3856542,299
Suppliers440/4 42,4846,20510,51423,11650,97263,86726,29276,757112,574109,77559,51121,99628,27555,3237,70624,3856542,299
Taxes, remuneration and social security45 3,31511,5374,07912,18014,61712,46336,34037,268113,73397,28358,34552,95327,53785010,3929,179399301
Taxes450/3 3,3157,7962,7927,6738,4983,29734,20133,612113,73397,28358,34552,95327,537-10,3929,179399301
Remuneration and social security454/9 03,7421,2874,5076,1199,1662,1393,656-----850----
Other amounts payable47/48 248,345140,643128,112123,86173,866286,908194,789146,441153,339166,295140,94997,164101,54073,40555,14114,439--
Accrued charges and deferred income492/3 3939----------------
Income statement
Turnover70 130,427119,476173,999251,454158,531134,200315,440-------306,240---
Non-recurring operating income76A -002,5003,909-8,523-----4,065-----
Gross operating margin9900 -25,2836,06919,66090,727-10,472-155,685-66,86257,09228,05712,75867,321135,452-8,747-14,13363,3149,0331,32516,246
Goods, raw materials, services and sundry goods60/61 155,710113,407154,339163,228169,003305,241390,826-------300,044---
Remuneration, social security and pensions62 23,50120,87712,69919,27547,36549,93436,30332,089----------
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 5,7065,9165,0817,5867,4067,64114,00612,87011,2128,02617,47533,27434,01431,45212,5214284,3075,384
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 ----------10,980-------
Other operating charges640/8 8531,3411,1534,59110,4258,51818,80711,00614,05822,60430,74638,41967,34753,77381,15115,0288901,213
Non-recurring operating charges66A --------------88---
Operating profit (loss)9901 -55,342-22,06672759,275-75,668-221,779-135,9781,1262,787-17,8718,12063,758-110,109-99,358-30,357-6,423-3,8729,649
Financial income75/76B 45109601725842,3351021683532,0642,7719314541,0191,85977-
Recurring financial income75 45109601725842,3351021683532,0642,7719314541,0191,85977-
Financial charges65/66B 2,2132,2213,1281,7552,8013,4903,13513,4044,3415,3207,1403,6176,0144,6952,7324781,027927
Recurring financial charges65 2,2132,2213,1281,7552,8013,4903,13513,4044,3415,3207,1403,6176,0144,6952,7324781,027927
Profit (loss) for the period before taxes9903 -57,104-24,287-1,44157,692-77,885-222,934-139,011-12,109-1,201-21,1273,75261,073-111,604-103,035-31,318-6,894-4,8928,722
Income taxes67/77 845---5828649282071,2704454511896829-9899351,0011,800
Profit (loss) for the period9904 -57,949-24,287-1,44157,692-78,467-223,798-139,939-12,316-2,472-21,5723,30160,884-111,672-103,063-30,329-7,829-5,8936,922
Profit (loss) for the period to be appropriated9905 -57,949-24,287-1,44157,692-78,467-223,798-139,939-12,316-2,472-21,5723,30160,884-111,672-103,063-30,329-7,829-5,8936,922
Appropriation of the result
Profit (loss) to be appropriated9906 -694,087-636,138-611,851-610,410-668,102-589,635-365,837-225,898-213,582-211,110-189,539-192,840-253,724-142,052-38,989-8,660-8316,922
Profit (loss) brought forward from the previous period14P -636,138-611,851-610,410---------------
Transfer to equity691/2 -----------------1,860
To the legal reserve6920 -----------------1,860
Social balance sheet
Average staff (FTE)9087 11111111----------
Hours worked1013 8146422645201,8321,7321,7691,838----------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2023 (PDF), filed on 01-11-2024.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2023 micro format 01-11-2024 2024-00525051 PDF
31-12-2022 micro format 25-11-2023 2023-00516030 PDF
31-12-2021 micro format 29-12-2022 2022-20548849 PDF
31-12-2020 micro format 30-12-2021 2021-82000516 PDF
31-12-2019 micro format 30-12-2020 2020-77500429 PDF
31-12-2018 micro format 25-12-2019 2019-78100213 PDF
31-12-2017 micro format 01-11-2018 2018-71400093 PDF
31-12-2016 full format 10-11-2017 2017-69700485 PDF
31-12-2015 full format 17-10-2016 2016-65800505 PDF
31-12-2014 full format 19-11-2015 2015-67100532 PDF
31-12-2013 full format 18-12-2014 2014-69900113 PDF
31-12-2012 full format 29-10-2013 2013-64400165 PDF
31-12-2011 full format 29-01-2013 2013-01900191 PDF
31-12-2010 full format 06-12-2011 2011-62900481 PDF
31-12-2009 full format 13-10-2010 2010-57600405 PDF
31-12-2008 full format 22-06-2010 2010-19500561 PDF
31-12-2007 full format 27-08-2008 2008-62000120 PDF
31-12-2006 abbreviated format 27-07-2007 2007-47600020 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202320222021202020192018201720162015201420132012201120102009200820072006
EBITDA -49,636-16,1505,80866,861-68,262-214,138-121,97213,99713,999-9,84525,59597,033-76,095-67,906-17,837-5,99543515,033
Cash flow -52,243-18,3713,64065,278-71,061-216,157-125,9335548,740-13,54620,77794,159-77,658-71,612-17,809-7,401-1,58612,306
Investment in fixed assets (approximation) 8882,48010,1404,8337,7942,6505,09620,66619,97326,57017,79440,8288,47744,75466,3881,283020,437
Change in cash -512-17,267-20,809-4,418-24,571-71,923-97,200-37,739-16,896171,773-794-11,214-13,59926,52995,643---
Working capital -223,865-55,266-36,296-24,664-19,694-179,424-17,51693,037126,026125,607108,149157,467107,010116,929137,98433,3957,66312,773
EBIT margin -42.4%-18.5%0.4%23.6%-47.7%--43.1%--------9.9%---
Solvency -377.3%-202.2%-168.2%-137.1%-192.5%-83.0%0.7%29.5%27.8%25.1%31.2%42.4%36.8%40.9%55.1%41.7%55.1%55.3%
Current ratio 0.240.650.750.850.860.510.931.361.331.331.411.801.631.802.611.702.292.79
Debt to equity -------2.312.592.982.211.361.711.440.821.400.810.81
ROE --------10.9%-1.7%-16.6%2.6%36.1%-97.0%-77.4%-20.3%-22.8%-43.9%35.8%
ROA -76.2%-21.4%-1.2%39.7%-58.9%-112.5%-54.0%-3.2%-0.5%-4.2%0.8%15.3%-35.7%-31.7%-11.2%-9.5%-24.2%19.8%
Interest coverage -22.43-7.271.86---------------
Customer credit 82 days242 days135 days104 days58 days106 days43 days-------75 days---
Supplier credit 100 days20 days25 days52 days110 days76 days25 days-------9 days---

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

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.

Social balance sheet

Item31-12-202331-12-202231-12-2021
Employees at the balance-sheet date111
full-time111
in full-time equivalents111
Average over the year, in full-time equivalents111
On a permanent contract111
Joined0--
Left1--

Source: social balance sheet in the 2021 to 2023 annual accounts

Investments

fixed assets acquired
Item202320222021
Tangible fixed assets€888€2,480€10,140
Depreciation and write-downs of the year€5,706€5,916€5,081

Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)

Insights on PROFIDES

The operating result for 2023 is a loss of €55,342, larger than the loss of €22,066 in 2022. It is the lowest result since 2019.

Equity is negative. Debt (€362,842) exceeds the balance-sheet total (€76,015).

Next steps

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