PROFILLIN
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 11-06-2026 PDF all 47 filings
Turnover
≈ €2.4m
Estimated: probably between €1.5m and €4.0m
Total assets
€2.7m▲ 11.6%
2024 · €2.4m
Net result
€28,166▲ 20.2%
2024 · €23,423
Working capital
€716,722▼ 14.8%
2024 · €840,950
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€77,610
▼ 37.0%
2025
20182025
Net result
€28,166
▲ 20.2%
2025
middle half of the sector
20182025
Equity
€895,506
▲ 3.2%
2025
middle half of the sector
20182025
Total assets
€2.7m
▲ 11.6%
2025
highest quarter of the sector
20182025
Debt
€1.8m
▲ 16.4%
2025
20182025
Working capital
€716,722
▼ 14.8%
2025
middle half of the sector
20182025
Solvency
33.6%
▼ 2.7pp
2025
middle half of the sector
20182025
Current ratio
1.44
▼ 0.26
2025
middle half of the sector
20182025
Return on assets (ROA)
1.1%
▲ 0.1pp
2025
middle half of the sector
20182025
Staff (FTE)
2.7
▼ 6.9%
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
Operating result€0.02m-€0.01m▼ 52.6%€0.05m▲ 324%€0.08m▲ 78.2%€0.04m▼ 52.8%€0.07m▲ 88.0%€0.1m▲ 70.7%€0.08m▼ 37.0%
Net result€0.001m-€0.001m▲ 14.9%€0.008mwithin the sector's middle half▲ 482%€0.02mwithin the sector's middle half▲ 103%€0.03mwithin the sector's middle half▲ 86.5%€0.001mbelow the sector's middle half▼ 98.0%€0.02mwithin the sector's middle half▲ 40×€0.03mwithin the sector's middle half▲ 20.2%
Equity€0.8m-€0.8m▲ 0.2%€0.8mwithin the sector's middle half▲ 1.0%€0.8mwithin the sector's middle half▲ 2.0%€0.8mwithin the sector's middle half▲ 3.6%€0.8mwithin the sector's middle half▲ 0.1%€0.9mwithin the sector's middle half▲ 2.8%€0.9mwithin the sector's middle half▲ 3.2%
Total assets€2.3m-€2.3m▲ 1.3%€2.4mabove the sector's middle half▲ 4.6%€2.7mabove the sector's middle half▲ 13.3%€2.6mwithin the sector's middle half▼ 2.4%€3.7mabove the sector's middle half▲ 41.4%€2.4mwithin the sector's middle half▼ 36.1%€2.7mabove the sector's middle half▲ 11.6%
Debt€1.5m-€1.5m▲ 1.9%€1.6m▲ 6.5%€1.9m▲ 19.0%€1.8m▼ 4.9%€2.9m▲ 60.7%€1.5m▼ 47.5%€1.8m▲ 16.4%
Working capital€0.7m-€0.7m▼ 0.5%€0.7mabove the sector's middle half▲ 1.5%€0.7mwithin the sector's middle half▼ 7.2%€0.7mwithin the sector's middle half▼ 3.1%€0.6mwithin the sector's middle half▼ 1.3%€0.8mwithin the sector's middle half▲ 29.8%€0.7mwithin the sector's middle half▼ 14.8%
Solvency35.0%-34.6%▼ 0.4pp33.4%within the sector's middle half▼ 1.2pp30.1%within the sector's middle half▼ 3.3pp31.9%within the sector's middle half▲ 1.8pp22.6%within the sector's middle half▼ 9.3pp36.3%within the sector's middle half▲ 13.8pp33.6%within the sector's middle half▼ 2.7pp
Current ratio1.50-1.49▼ 0.011.47within the sector's middle half▼ 0.021.40within the sector's middle half▼ 0.071.41within the sector's middle half▲ 0.011.24within the sector's middle half▼ 0.171.70within the sector's middle half▲ 0.461.44within the sector's middle half▼ 0.26
Return on assets (ROA)0.1%-0.1%=0.3%within the sector's middle half▲ 0.3pp0.6%below the sector's middle half▲ 0.3pp1.1%within the sector's middle half▲ 0.5pp0.0%below the sector's middle half▼ 1.1pp1.0%within the sector's middle half▲ 1.0pp1.1%within the sector's middle half▲ 0.1pp
Staff (FTE)5.7-7.1▲ 24.6%6.6within the sector's middle half▼ 7.0%6.9within the sector's middle half▲ 4.5%4.8within the sector's middle half▼ 30.4%2.4within the sector's middle half▼ 50.0%2.9within the sector's middle half▲ 20.8%2.7within the sector's middle half▼ 6.9%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). 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 37% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.7m
Fixed assets
€320,024 ▼ 6.6%
Current assets
€2.3m ▲ 14.7%
Equity and liabilities €2.7m
Equity
€895,506 ▲ 3.2%
Debt
€1.8m ▲ 16.4%
Debt's share of the balance-sheet total rises from 63.7% to 66.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€103,177▼
2024 · €149,202
Cash flow
€53,733▲
2024 · €49,494
Quick ratio
1.18▼
2024 · 1.26
Debt to equity
1.97▲
2024 · 1.75
ROE
3.1%▲
2024 · 2.7%
Interest coverage
0.94▲
2024 · 0.78
Debt ≤ 1 year
€1.6m▲
2024 · €1.2m
Debt > 1 year
€134,389▼
2024 · €147,127
Income taxes
€11,405▼
2024 · €12,759
Staff costs
€164,970▲
2024 · €137,993
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 | 7 | 4 | 4 | 3 | 3 |
| full-time | 4 | 1 | 1 | 2 | 2 |
| part-time | 3 | 3 | 3 | 1 | 1 |
| in full-time equivalents | 5.3 | 2.3 | 2.3 | 2.7 | 2.7 |
| Average over the year, in full-time equivalents | 6.9 | 4.8 | 2.4 | 2.9 | 2.7 |
| On a permanent contract | 7 | 4 | 4 | 3 | 3 |
| Joined | 4 | 25 | - | 2 | - |
| Left | 4 | 28 | - | 3 | - |
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 | €1.2m | €1.1m | €1.1m | €777,657 | €618,733 |
| Mortgages, amount registered | €273,947 | €25,000 | €25,000 | €25,000 | €25,000 |
| Mortgage mandates | €715,000 | €265,000 | €265,000 | €265,000 | €265,000 |
| Carrying value of the mortgaged assets | €307,837 | €375,045 | €353,508 | €331,972 | €310,436 |
| Pledge on the business | €495,787 | €495,787 | €495,787 | €495,787 | €495,787 |
| Pledge on other assets, amount secured | - | €400,000 | €400,000 | €400,000 | €400,000 |
| Carrying value of the other pledged assets | - | €400,000 | €400,000 | €400,000 | €400,000 |
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 | €281,294 | €157,253 | €4,583 | €2,107 | €3,599 |
| Depreciation and write-downs of the year | €46,024 | €25,357 | €32,071 | €26,071 | €25,567 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €1,673 awarded · €1,673 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.05m | €1.0m | €0.02m | - | €0.04m | - |
| Remuneration, social security and pensions62 | - | - | - | €0.3m | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.03m | €0.03m | €0.05m | €0.03m | €0.03m | €0.03m | €0.03m | ▼ 1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.001m | €0.4m | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.02m | €0.2m | €0.006m | €0.006m | €0.005m | ▼ 4.8% |
| Non-recurring operating charges66A | - | - | - | - | €0.2m | - | €0.3m | €0.2m | ▼ 36.2% |
| Gross operating margin9900 | €0.4m | €0.5m | €0.4m | €0.4m | €1.1m | €0.2m | €0.6m | €0.5m | ▼ 21.5% |
| Operating profit (loss)9901 | €0.02m | €0.01m | €0.05m | €0.08m | €0.04m | €0.07m | €0.1m | €0.08m | ▼ 37.0% |
| Financial income75/76B | - | - | - | €0.01m | €0.03m | €0.02m | €0.1m | €0.07m | ▼ 30.7% |
| Recurring financial income75 | €0.02m | €0.05m | €0.005m | €0.01m | €0.03m | €0.02m | €0.1m | €0.07m | ▼ 30.7% |
| Financial charges65/66B | - | - | - | €0.07m | €0.04m | €0.09m | €0.2m | €0.1m | ▼ 42.4% |
| Recurring financial charges65 | €0.04m | €0.05m | €0.03m | €0.07m | €0.04m | €0.09m | €0.2m | €0.1m | ▼ 42.4% |
| Profit (loss) for the period before taxes9903 | €0.01m | €0.01m | €0.02m | €0.03m | €0.03m | €0.002m | €0.04m | €0.04m | ▲ 9.4% |
| Income taxes67/77 | €0.01m | €0.01m | €0.01m | €0.01m | €0.001m | €0.001m | €0.01m | €0.01m | ▼ 10.6% |
| Profit (loss) for the period9904 | €0.001m | €0.001m | €0.008m | €0.02m | €0.03m | €0.001m | €0.02m | €0.03m | ▲ 20.2% |
| Profit (loss) for the period to be appropriated9905 | €0.001m | €0.001m | €0.008m | €0.02m | €0.03m | €0.001m | €0.02m | €0.03m | ▲ 20.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.3m | €2.3m | €2.4m | €2.7m | €2.6m | €3.7m | €2.4m | €2.7m | ▲ 11.6% |
| Fixed assets21/28 | €0.08m | €0.09m | €0.09m | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 6.6% |
| Tangible fixed assets22/27 | €0.08m | €0.09m | €0.09m | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 6.6% |
| Land and buildings22 | - | - | - | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 6.5% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.02m | €0.01m | €0.01m | €0.01m | ▼ 8.9% |
| Financial fixed assets28 | €109 | €109 | €109 | €109 | - | - | - | - | - |
| Current assets29/58 | €2.2m | €2.2m | €2.3m | €2.4m | €2.2m | €3.4m | €2.0m | €2.3m | ▲ 14.7% |
| Stocks and contracts in progress3 | €1.0m | €1.0m | €0.9m | €0.8m | €0.6m | €0.7m | €0.5m | €0.4m | ▼ 17.8% |
| Stocks30/36 | - | - | - | €0.8m | €0.6m | €0.7m | €0.5m | €0.4m | ▼ 17.8% |
| Amounts receivable within one year40/41 | €1.0m | €1.1m | €1.2m | €1.2m | €0.5m | €1.1m | €0.3m | €0.7m | ▲ 177% |
| Trade receivables40 | - | - | - | €1.1m | €0.4m | €1.0m | €0.2m | €0.6m | ▲ 206% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.09m | €0.1m | €0.07m | €0.1m | ▲ 104% |
| Current investments50/53 | €0.008m | €15 | €14 | €0.09m | €1.0m | €0.6m | €0.6m | €0.5m | ▼ 6.6% |
| Cash at bank and in hand54/58 | €0.1m | €0.08m | €0.2m | €0.3m | €0.07m | €1.0m | €0.7m | €0.7m | ▼ 3.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.009m | €0.009m | €0.01m | €0.01m | ▲ 18.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.3m | €2.3m | €2.4m | €2.7m | €2.6m | €3.7m | €2.4m | €2.7m | ▲ 11.6% |
| Equity10/15 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.9m | €0.9m | ▲ 3.2% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.6m | ▲ 5.2% |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 5.7% |
| Amounts payable17/49 | €1.5m | €1.5m | €1.6m | €1.9m | €1.8m | €2.9m | €1.5m | €1.8m | ▲ 16.4% |
| Amounts payable after more than one year17 | €0.01m | €0.02m | €0.02m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 8.7% |
| Financial debts170/4 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 8.7% |
| Amounts payable within one year42/48 | €1.5m | €1.5m | €1.6m | €1.7m | €1.6m | €2.7m | €1.2m | €1.6m | ▲ 35.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.06m | €0.04m | €0.01m | €0.01m | ▲ 1.6% |
| Financial debts43 | - | - | - | €1.0m | €0.8m | €0.9m | €0.6m | €0.5m | ▼ 23.4% |
| Credit institutions430/8 | - | - | - | €1.0m | €0.8m | €0.9m | €0.6m | €0.5m | ▼ 23.4% |
| Trade debts44 | €0.3m | €0.5m | €0.5m | €0.6m | €0.7m | €1.8m | €0.5m | €1.1m | ▲ 93.0% |
| Suppliers440/4 | - | - | - | €0.6m | €0.7m | €1.8m | €0.5m | €1.1m | ▲ 93.0% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | - | €0.06m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.04m | €0.02m | €0.03m | €0.03m | ▲ 21.2% |
| Taxes450/3 | - | - | - | €0.02m | €0.01m | €0.002m | €0.003m | €0.002m | ▼ 46.3% |
| Remuneration and social security454/9 | - | - | - | €0.03m | €0.02m | €0.02m | €0.02m | €0.03m | ▲ 30.2% |
| Other amounts payable47/48 | - | - | - | €144 | €144 | €144 | €144 | €144 | = |
| Accrued charges and deferred income492/3 | - | - | - | €0.004m | €0.005m | €0.01m | €0.2m | €0.007m | ▼ 95.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,150 | €1,322 | €7,691 | €15,628 | €29,142 | €590 | €23,423 | €28,166 | ▲ 20.2% |
| + Depreciation and write-downs630 | €20,058 | €26,734 | €28,113 | €46,024 | €25,357 | €32,071 | €26,071 | €25,567 | ▼ 1.9% |
| Operating cash flow (approximation) | €21,208 | €28,056 | €35,804 | €61,652 | €54,499 | €32,661 | €49,494 | €53,733 | ▲ 8.6% |
| Investment in fixed assets (approximation) | - | -€37,260 | -€30,722 | -€281,294 | -€95,041 | -€4,583 | -€2,107 | -€3,091 | ▼ 46.7% |
| Change in cash | - | -€33,232 | €94,180 | €91,511 | -€192,603 | €915,846 | -€289,276 | -€24,066 | ▲ 91.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as PROFILLIN has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PROFILLIN itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 17,041 companies, not a prediction for PROFILLIN. 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.
Latest 10 of 47 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 11-06-2026 | 2026-00151846 | |
| 31-12-2024 | abbreviated format | 02-06-2025 | 2025-00112408 | |
| 31-12-2023 | abbreviated format | 03-06-2024 | 2024-00104879 | |
| 31-12-2022 | abbreviated format | 19-06-2023 | 2023-00134571 | |
| 31-12-2021 | abbreviated format | 22-08-2022 | 2022-20301443 | |
| 31-12-2020 | abbreviated format | 28-06-2021 | 2021-26300382 | |
| 31-12-2019 | abbreviated format | 03-07-2020 | 2020-26300205 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-54400516 | |
| 31-12-2017 | abbreviated format | 20-07-2018 | 2018-35400584 | |
| 31-12-2016 | abbreviated format | 31-07-2017 | 2017-39400394 |