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Proforma

Active Non-profit associationfounded 1990active for 36 yearsRue Hauzeur 10, 4031 LiègeKBO/BCE: BE 0443.519.137
Proforma
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Overview

Lifetime

6 annual accounts with figures on one time axis
peak €584,991 (2025)
€584,991▲ 1.6%
lowest -€21,570 (2024)
€14,089▲ €35,659
peak €50,579 (2020)
€32,874▲ 75.0%
€124,545▼ 21.1%
Board3 names since 2021
3 directorsBoogaerts Denis and 2 others
Documentsfilings and deeds
09-07-202622 days before the deadline
2025micro format
Back to profit: €14,089Equity from €18,786 to €32,874Debts from €157,780 to €124,545Investments €12,312Cash from €163,249 to €262,434

Key points

from the 2025 annual accounts

Turnover

≈ €880,000 estimated

The micro format states no turnover.

Investments

€12,312 5.8 × depreciation
20212022202320242025

Green is investment, beige is depreciation.

Payment terms

259 days to suppliers
Suppliers
240 to 259

Proforma pays its suppliers 19 days later than in 2024.

Liquidity

7.17 was 5.70 in 2024

Short-term debts rose from €65,190 to €66,071.

Filings

6 annual accounts since 2020
AprilJune31 JulyOctober202020222024

The last five annual accounts were filed 17 to 31 days before the end of the period.

Position in the sector

€584,991

Higher gross margin than 95% of companies in education. Sector median €25,658 · 2,612 companies.

Checked score

95
Excellent
Financially stronger than 61% of micro companies in education (NACE 85)
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: 0.1% across 3,825 companies (NACE 85, 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%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025lowest value 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%● unchanged 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 06-2026highest value 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

32+2equity 6.6% of total assets
98+2short-term debt 13.3% · cash 52.7%
72+60return on assets 2.8%

Score breakdown

raises risk
Equity €32,874 (6.6% of total assets)
lowers risk
Legal form: non-profit association
Size: total assets €497,584
Sector: Education (NACE 85)
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 85, micro). It does better than 20% of them on solvency, 91% on liquidity, 46% on profitability and 88% on growth.

The bankruptcy probability was computed on 08-11-2026 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, 1,217 companies had the same profile as Proforma has now. Each dot stands for 4 companies, two years later.

95.9%
were still trading
2.5%
stopped another way
1.5%
went bankrupt
  • Small
  • 20 years or older
  • solvency under 10%
  • a profit under 5% of the balance sheet

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

The bankruptcy probability of Proforma itself is lower: < 0.1% within 12 months. It rests on far more data about Proforma than the profile alone.

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 1,217 companies, not a prediction for Proforma. 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 €3,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 7.17 (5.7 in 2024), above the usual 1.5. Short-term debt is 13.3% and cash 52.7% of total assets. However, 93.4% 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

Six signals.
lowers riskraises riskneutral
lowers risk · Legal form: non-profit association
KBO
raises risk · Equity €32,874 (6.6% of total assets)
NBB · annual accounts
lowers risk · Size: total assets €497,584
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 · Sector: Education (NACE 85)
KBO
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 2612 sector peers (2025).
NBB · sector comparison
Position among 2612 sector peers
Solvency
better than 21%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
22 days early
2024
31 days early
2023
19 days early
2022
18 days early
2021
17 days early
2020
13 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 20 days before the deadline. In the sector (NACE 85), the median for financial year 2024 was 16 days before the deadline, and 32% 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 13 July (5 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
09-11-2026 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

BD
Boogaerts Denis
Director
CV
Compère Valérie
Director
HM
Henry Michelle
Director
Board & ownership

Recent changes

Amendment of the articles · Resignations & appointments General meeting of 19-12-2023 · Gazette deed
Registered office moved from Liège to Angleur New registered office: RUE HAUZEUR 10 BOITE 3 A 4031 ANGLEUR · Previous registered office: Quai Timmermans 14 à 4000 Liège · General meeting of 06-02-2019 · Gazette deed
First establishment Rue Hauzeur 10, Liège
All 14 events

Comparable companies

same main activity, similar in size and age
Company
Proforma Liège €497,584 €584,991 6.6% -
CEGIS Seraing €499,402 €560,591 -212.6% 6.9
INITIATIVES POUR UNE FORMATION EFFICACE Liège €402,495 €552,532 55.2% 10.9
F.A.C.Y. SA Verviers €544,496 €417,515 59.1% 0.5
Etudes et Services opérationnels pour la Promotion de l'Emploi, Alternance et Insertions Verviers €607,569 €748,030 79.9% -
CEFRET Mouscron €460,506 €480,139 63.7% -
DE SLUIS LEERWERKPLAATS Genk €504,085 €438,376 47.3% 8.8

These companies have the same main activity as Proforma: vocational training (NACE 85592). They are comparable in size and age: total assets between €402,000 and €608,000, founded between 1987 and 1993.

Official details

Source: KBO
Status
Active since 25-07-1990Normal situation
Activity
Vocational trainingNACE 85592
Establishment unit
2.158.533.0804031 Liège, since 25-07-1990
Financial year end
31 December
Peppol
Reachable
Company details

Annual accounts 2025

€584,991▲ 1.6%
€14,089
€32,874▲ 75.0%
€497,584▲ 29.0%
Filing
Filed on 09-07-2026, 22 days before the end of the filing period
Financials

Insights on Proforma

Proforma files the micro format. That format states no turnover. The gross margin rose from €463,582 in 2020 to €584,991 in 2025.

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

Financials

Annual accounts 2025

micro format, filed on 09-07-2026, 22 days before the deadline
€584,991
▲ 1.6%
€13,308
▲ €70,545
€14,089
▲ €35,659
€407,394
▲ 32.9%
6.6%
▲ 1.7 percentage points
7.17
▲ 1.46

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €880,000. Estimated: probably between €620,000 and €1.4m.

Balance sheet

balance sheet total €497,584 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

6.6%

Higher than 21% of 2,612 companies in 2025.

7.17

Higher than 86% of 2,481 companies in 2025.

2.8%

Higher than 38% of 2,510 companies in 2025.

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

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

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 497,584385,718354,913333,681340,595396,405
21/28 24,11813,92910,74316,41328,53852,926
22/27 15,6555,4662,2807,95020,07544,463
24 15,6555,4662,2807,95020,07544,463
28 8,4638,4638,4638,4638,4638,463
29/58 473,465371,789344,169317,268312,057343,478
40/41 33,91937,93637,93642,54542,49527,883
40 31,97037,93637,93642,54542,49527,883
41 1,949----0
54/58 262,434163,249224,850145,525191,754183,284
490/1 177,112170,60481,383129,19777,808132,311
Balance sheet: equity and liabilities
10/49 497,584385,718354,913333,681340,595396,405
10/15 32,87418,78640,35642,83542,38350,579
14 32,87418,78640,35642,83542,38350,579
16 340,165209,153244,153244,153244,153244,153
160/5 340,165209,153244,153244,153244,153244,153
160 340,165209,153244,153244,153244,153244,153
17/49 124,545157,78070,40446,69354,059101,672
42/48 66,07165,19057,48442,96232,20582,946
44 63,75159,40457,48442,96232,20582,946
440/4 63,75159,40457,48442,96232,20582,946
45 2,3205,786----
450/3 -5,786----
454/9 2,320-----
492/3 58,47492,59012,9203,73121,85418,726
Income statement
9900 584,991575,667498,620455,675429,111463,582
60/61 89,71190,250104,95393,19372,783114,511
62 569,558567,205496,966441,882412,477431,244
630 2,1238155,67012,70324,38820,187
640/8 24,220----
66A -60,665----
9901 13,308-57,237-4,0161,089-7,75412,151
75/76B 1,34135,873---0
75 1,341873--00
76B -35,000----
65/66B 158205-1,5366374434,754
65 158205-1,5366374434,754
9903 14,491-21,570-2,480453-8,1977,396
67/77 402-----
9904 14,089-21,570-2,480453-8,1977,396
9905 14,089-21,570-2,480453-8,1977,396
Appropriation of the result
9906 32,87418,78640,35642,83542,38350,579
14P 18,78640,35642,83542,38350,579-
Document PDFPDFPDFPDFPDFPDF

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 accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 09-07-2026.

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
31-12-2025 micro format 09-07-2026 2026-00272150 PDF
31-12-2024 micro format 30-06-2025 2025-00195071 PDF
31-12-2023 micro format 12-07-2024 2024-00238930 PDF
31-12-2022 micro format 13-07-2023 2023-00231839 PDF
31-12-2021 micro format 14-07-2022 2022-20183775 PDF
31-12-2020 micro format 18-07-2021 2021-36500306 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
15,431-56,4221,65413,79216,63432,337
16,211-20,7553,19013,15616,19127,583
12,3124,0000578034,717
99,185-61,60179,325-46,2298,470-
407,394306,599286,685274,306279,852260,533
6.6%4.9%11.4%12.8%12.4%12.8%
7.175.705.997.389.694.14
3.798.401.741.091.282.01
42.9%-114.8%-6.1%1.1%-19.3%14.6%
2.8%-5.6%-0.7%0.1%-2.4%1.9%
97.80-274.87-1.0821.6737.58-
259 days240 days200 days168 days162 days264 days

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€12,312€4,000€0€578€0
€2,123€815€5,670€12,703€24,388

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

Insights on Proforma

The operating result for 2025 is a profit of €13,308, after a loss of €57,237 in 2024. It is the highest result since 2020.

Debt's share of the balance-sheet total falls from 40.9% to 25.0%. Equity is higher and debt is lower.

Board & ownership

Board

3 directors
Boogaerts Denis
Director
listed in the 2021 annual accounts, filed on 14-07-2022
Compère Valérie
Director
listed in the 2021 annual accounts, filed on 14-07-2022
Henry Michelle
Director
listed in the 2021 annual accounts, filed on 14-07-2022

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
Boogaerts Denis
Director
Compère Valérie
Director
Henry Michelle
Director
Boardmandate already running before its first mention
Mandates as a list
  • Boogaerts Denis
    • Director, since before 31-12-2021
  • Compère Valérie
    • Director, since before 31-12-2021
  • Henry Michelle
    • Director, since before 31-12-2021

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

Control

This non-profit association has no shareholders or capital.

Articles of association

deed of 04-01-2024 (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.
At least 3 directors
At most 5 directors
“Absent à plus de deux réunions consécutives sans excuse ni procuration, écrit à l'organe d'administration”
“Par un autre administrateur,maximum une procuration, majorité absolue des voix présentes et représentées”
Membership ruleThe articles set who can become a member or partner, and on what terms.
“Par l'organe d'administration jusqu'à décision de l'assemblée générale pour infraction grave aux statuts ou aux lois, scrutin secret à la…”
“Registre des membres effectifs sous responsabilité de l'organe d'administration, toute admission,démission ou exclusion par l'organe endéans…”

Network & group

No group

Proforma has no parent and no holdings in its annual accounts. Proforma shares no director with another company.

At the same address

Rue Hauzeur 10, 4031 Liège · 4 other companies
PLACO-LINE
registered office since 12-02-2016 · founded in 2016
 turnover €263,088 (2025)
0648.626.330
CAMAC
registered office since 10-12-2018 · founded in 2018
 6.3 FTE (2025)
0715.639.769
Association des copropriétaires du Centre d’activités Hauzeur
registered office since 25-09-2018
 founded in 2018
1037.907.720
EUROPLEX
establishment since 01-07-1975
 founded in 1975
0415.502.171

Timeline

Timeline

14 events since 1990

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 22 days before the deadline
2025
Back to profit net €14,089 The net result is €14,089, after 2 loss-making years.
Annual accounts 2024 filed PDFmicro format · 31 days before the deadline
2024
Weakest financial year net -€21,570 The net result drops to -€21,570, the lowest from 2020 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFmicro format · 19 days before the deadline
Amendment of the articles · Resignations & appointmentsGeneral meeting of 19-12-20231 point ▸
  • General meeting, 19-12-2023
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2022 filed PDFmicro format · 18 days before the deadline
2022
Back to profit net €453 The net result is €453, after one loss-making year.
Annual accounts 2021 filed PDFmicro format · 17 days before the deadline
2021
Liquidity more than doubled current ratio 9.69 The current ratio rises from 4.14 to 9.69. Short-term debt falls from €82,946 to €32,205.
Annual accounts 2020 filed PDFmicro format · 13 days before the deadline
2019
Registered office moved from Liège to AngleurNew registered office: RUE HAUZEUR 10 BOITE 3 A 4031 ANGLEUR · Previous registered office: Quai Timmermans 14 à 4000 Liège · General meeting of 06-02-20192 points ▸
  • General meeting, 06-02-2019
  • Registered-office move, RUE HAUZEUR 10 BOITE 3 A 4031 ANGLEUR

Open the deed in the Belgian Official Gazette

1990
First establishment Rue Hauzeur 10, Liège
Incorporation KBO

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

Proforma was incorporated on 25 July 1990.1 The registered office was moved to Angleur in 2019.2 Total assets rose from €396,405 in 2020 to €497,584 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 20-02-2019
  3. 3National Bank, annual accounts 2020 and 2025

Company details

Identity

Enterprise number
0443.519.137
VAT number
BE 0443.519.137
Peppol ID
0208:0443519137
Legal form
Non-profit association
Status
Active, normal situation
Founded
25-07-1990
Financial year
ends on 31 December
Peppol
Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
Name
Proforma in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 04-01-2024 (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 Wallonne”
deed of 04-01-2024 (in French)

Activities

NACEBEL 2025
85592 Vocational training main activity
Codes under NACEBEL 2008
85592 Vocational training main activity
Codes under NACEBEL 2003
80421 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“L'organisation de modules de formation; L'accompagnement,le conseil et l'éducation; La valorisation des acquis et compétences; La…”
8 activities
  1. L'organisation de modules de formation
  2. L'accompagnement,le conseil et l'éducation
  3. La valorisation des acquis et compétences
  4. La promotion,la valorisation et le soutien d'actions en rapport avec son but désintéressé
  5. Le développement de supports didactiques ou de tout autre outil soutenant la formation et l'enseignement
  6. Promouvoir et développer des activités en adéquation avec le marché du travail pour lutter contre le chômage et toute forme de discrimination,valoriser l'égalité des chances et l'interculturalité,avec une attention particulière pour les personnes précarisées ou menacées d'exclusion sociale
  7. Promouvoir des actions de réflexion et de formation andragogique sur les dispositifs assurant le lien entre emploi et formation
  8. Promouvoir les nouvelles technologies et la transmission de ces nouveaux savoirs,facteurs d'intégration socio-professionnelle
deed of 04-01-2024 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Rue Hauzeur 10 registered office 4031 Liège 25-07-1990 2.158.533.080
1 former office
  • Quai Timmermans 14, 4000 Liège until 06-02-2019 · deed of 20-02-2019

Buildings and parcels at the address

Ground area
8,137 m²
Buildings
3,326 m²
Volume, LiDAR
19,953 m³
Tallest building
25.7 m
Buildings to scale, each on its own parcel
3,325 m², 25.7 m 3,325 m², 25.7 m

Location

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

Parcels

Cadastral parcelArea Buildings Height / floors
62002A0059/00W0088,137 m² 1 · 3,325 m² 25.7 m · 2

Contact

E-mail info@proforma-asbl.be
Phone +32 4 224 96 00

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