PROFION
InactivePROFION was declared bankrupt on 09-02-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 02-07-2025, published in the Belgian State Gazette on 17-07-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 13-10-2022, 74 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
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
74 d late
2020
31 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 44 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
€141,553▲ 21.4%
2020 · €116,583
Total assets
€160,298▼ 17.1%
2020 · €193,270
Net result
€24,970
2020 · -€19,492
Working capital
€126,925▲ 23.5%
2020 · €102,744
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€64,949-€94,739▲ 45.9%-€28,492€21,590
Net result€66,737-€88,871▲ 33.2%-€19,492€24,970
Equity€102,204-€136,075▲ 33.1%€116,583▼ 14.3%€141,553▲ 21.4%
Total assets€190,689-€244,235▲ 28.1%€193,270▼ 20.9%€160,298▼ 17.1%
Debt€88,485-€108,160▲ 22.2%€76,687▼ 29.1%€18,745▼ 75.6%
Working capital€98,169-€132,941▲ 35.4%€102,744▼ 22.7%€126,925▲ 23.5%
Staff (FTE)0.4-1▲ 150%0.7▼ 30.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €21,590 after a loss of €28,492 in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €160,298
Fixed assets
€14,628 ▲ 5.7%
Current assets
€145,670 ▼ 18.8%
Equity and liabilities €160,298
Equity
€141,553 ▲ 21.4%
Debt
€18,745 ▼ 75.6%
Debt's share of the balance-sheet total falls from 39.7% to 11.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22,088▲
2020 · -€26,567
Cash flow
€25,468▲
2020 · -€17,567
Current ratio
7.77▲
2020 · 2.34
Debt to equity
0.13
ROE
17.6%▲
2020 · -16.7%
ROA
15.6%▲
2020 · -10.1%
Interest coverage
58.89
Debt ≤ 1 year
€18,745▼
2020 · €76,687
Income taxes
€3,261▲
2020 · €282
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €500 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,904 | €2,038 | €1,925 | €498 | ▼ 74.1% |
| Other operating charges640/8 | - | - | - | €1,450 | - |
| Gross operating margin9900 | €82,501 | €132,406 | -€10,376 | €23,538 | ▲ 327% |
| Operating profit (loss)9901 | €64,949 | €94,739 | -€28,492 | €21,590 | ▲ 176% |
| Financial income75/76B | - | - | - | €7,016 | - |
| Recurring financial income75 | €5,888 | €10,216 | €10,826 | €7,016 | ▼ 35.2% |
| Financial charges65/66B | - | - | - | €375 | - |
| Recurring financial charges65 | €489 | €958 | €1,544 | €375 | ▼ 75.7% |
| Profit (loss) for the period before taxes9903 | €70,348 | €103,997 | -€19,210 | €28,231 | ▲ 247% |
| Income taxes67/77 | €3,611 | €15,126 | €282 | €3,261 | ▲ 1,056% |
| Profit (loss) for the period9904 | €66,737 | €88,871 | -€19,492 | €24,970 | ▲ 228% |
| Profit (loss) for the period to be appropriated9905 | €66,737 | €88,871 | -€19,492 | €24,970 | ▲ 228% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €190,689 | €244,235 | €193,270 | €160,298 | ▼ 17.1% |
| Fixed assets21/28 | €4,035 | €3,133 | €13,839 | €14,628 | ▲ 5.7% |
| Tangible fixed assets22/27 | €4,035 | €3,133 | €1,539 | €2,328 | ▲ 51.3% |
| Furniture and vehicles24 | - | - | - | €2,328 | - |
| Financial fixed assets28 | - | - | €12,300 | €12,300 | = |
| Current assets29/58 | €186,654 | €241,101 | €179,432 | €145,670 | ▼ 18.8% |
| Amounts receivable after more than one year29 | - | - | - | €82,700 | - |
| Other amounts receivable291 | - | - | - | €82,700 | - |
| Amounts receivable within one year40/41 | €88,056 | €130,847 | €76,148 | €53,309 | ▼ 30.0% |
| Trade receivables40 | - | - | - | €1,725 | - |
| Other amounts receivable41 | - | - | - | €51,583 | - |
| Cash at bank and in hand54/58 | €10,151 | €22,546 | €18,330 | €8,061 | ▼ 56.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1,600 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €190,689 | €244,235 | €193,270 | €160,298 | ▼ 17.1% |
| Equity10/15 | €102,204 | €136,075 | €116,583 | €141,553 | ▲ 21.4% |
| Contributions10/11 | €25,000 | €25,000 | - | €25,000 | - |
| Reserves13 | €77,204 | €111,075 | €91,583 | €116,553 | ▲ 27.3% |
| Non-distributable reserves130/1 | - | - | - | €2,500 | - |
| Reserves not available under the articles1311 | - | - | - | €2,500 | - |
| Distributable reserves133 | - | - | - | €114,053 | - |
| Amounts payable17/49 | €88,485 | €108,160 | €76,687 | €18,745 | ▼ 75.6% |
| Amounts payable within one year42/48 | €88,485 | €108,160 | €76,687 | €18,745 | ▼ 75.6% |
| Financial debts43 | - | - | - | €9,502 | - |
| Credit institutions430/8 | - | - | - | €9,502 | - |
| Trade debts44 | €7,186 | €8,789 | €3,799 | €3,010 | ▼ 20.8% |
| Suppliers440/4 | - | - | - | €3,010 | - |
| Taxes, remuneration and social security45 | - | - | - | €6,233 | - |
| Taxes450/3 | - | - | - | €6,233 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66,737 | €88,871 | -€19,492 | €24,970 | ▲ 228% |
| + Depreciation and write-downs630 | €1,904 | €2,038 | €1,925 | €498 | ▼ 74.1% |
| Operating cash flow (approximation) | €68,641 | €90,909 | -€17,567 | €25,468 | ▲ 245% |
| Investment in fixed assets (approximation) | - | -€1,136 | -€12,630 | -€1,288 | ▲ 89.8% |
| Change in cash | - | €12,395 | -€4,216 | -€10,269 | ▼ 144% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
17-07
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 02-07-2025
2023
15-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 09-02-2023
2022
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 74 days late
2021
31-12
Financial
Back to profitnet €24,970
Net result €24,970 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 7.77
Current ratio from 2.34 to 7.77; short-term debt falls from €76,687 to €18,745.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€19,492
Net result drops to -€19,492, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Highest result since 2018net €88,871 ▲33.2%
Operating result €94,739, net result €88,871, both a record.
17-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Show earlier events
2016
13-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
13-05
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
30-04
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
21-05
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WILFRIED JORIS MARKTPLEIN 22, 2110 WIJNEGEM- |
09-02-2023 → 02-07-2025 |