PROFORMANCE
InactivePROFORMANCE was declared bankrupt on 21-12-2023 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed by liquidation by judgment of 05-05-2025, published in the Belgian State Gazette on 08-05-2025.
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 · 6 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 14-10-2022, 75 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
75 d late
2020
13 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 40 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
€14,450▼ 57.7%
2020 · €34,148
Total assets
€263,672▲ 1.5%
2020 · €259,727
Net result
-€19,698
2020 · €466
Working capital
-€42,289▼ 148%
2020 · -€17,083
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€26,840--€110€2,930-€16,498
Net result€15,219--€2,338€466-€19,698
Equity€36,020-€33,682▼ 6.5%€34,148▲ 1.4%€14,450▼ 57.7%
Total assets€228,700-€252,110▲ 10.2%€259,727▲ 3.0%€263,672▲ 1.5%
Debt€192,680-€218,427▲ 13.4%€225,579▲ 3.3%€249,222▲ 10.5%
Working capital-€18,171--€22,983▼ 26.5%-€17,083▲ 25.7%-€42,289▼ 148%
Staff (FTE)0.7-0.9
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €16,498 after €2,930 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €263,672
Fixed assets
€245,349 ▲ 4.6%
Current assets
€18,323 ▼ 27.1%
Equity and liabilities €263,672
Equity
€14,450 ▼ 57.7%
Debt
€249,222 ▲ 10.5%
Debt's share of the balance-sheet total rises from 86.9% to 94.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€767▼
2020 · €16,659
Cash flow
-€2,434▼
2020 · €14,196
Current ratio
0.30▼
2020 · 0.60
Quick ratio
0.28▼
2020 · 0.54
Debt to equity
17.25▲
2020 · 5.36
ROE
-136.3%▼
2020 · 1.4%
ROA
-7.5%▼
2020 · 0.2%
Interest coverage
0.21
Debt ≤ 1 year
€60,613▲
2020 · €42,209
Debt > 1 year
€188,610▲
2020 · €183,170
Income taxes
€26▼
2020 · €145
Staff costs
€8,534
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 | - | - | - | €3,588 | - |
| Remuneration, social security and pensions62 | - | - | - | €8,534 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,092 | €8,036 | €13,730 | €17,265 | ▲ 25.7% |
| Other operating charges640/8 | - | - | - | €1,321 | - |
| Gross operating margin9900 | €60,482 | €16,243 | €17,535 | €10,622 | ▼ 39.4% |
| Operating profit (loss)9901 | €26,840 | -€110 | €2,930 | -€16,498 | ▼ 663% |
| Financial income75/76B | - | - | - | €488 | - |
| Recurring financial income75 | €1,075 | €848 | €440 | €488 | ▲ 11.0% |
| Financial charges65/66B | - | - | - | €3,662 | - |
| Recurring financial charges65 | €2,169 | €2,960 | €2,758 | €3,662 | ▲ 32.8% |
| Profit (loss) for the period before taxes9903 | €25,746 | -€2,221 | €611 | -€19,672 | ▼ 3,318% |
| Income taxes67/77 | €10,527 | €117 | €145 | €26 | ▼ 82.1% |
| Profit (loss) for the period9904 | €15,219 | -€2,338 | €466 | -€19,698 | ▼ 4,325% |
| Profit (loss) for the period to be appropriated9905 | €15,219 | -€2,338 | €466 | -€19,698 | ▼ 4,325% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €228,700 | €252,110 | €259,727 | €263,672 | ▲ 1.5% |
| Fixed assets21/28 | €193,474 | €236,096 | €234,601 | €245,349 | ▲ 4.6% |
| Intangible fixed assets21 | €1,900 | €4,677 | €7,785 | €8,959 | ▲ 15.1% |
| Tangible fixed assets22/27 | €15,654 | €51,868 | €51,687 | €61,261 | ▲ 18.5% |
| Plant, machinery and equipment23 | - | - | - | €4,956 | - |
| Furniture and vehicles24 | - | - | - | €22,208 | - |
| Other tangible fixed assets26 | - | - | - | €34,097 | - |
| Financial fixed assets28 | €175,920 | €179,550 | €175,130 | €175,130 | = |
| Current assets29/58 | €35,226 | €16,014 | €25,126 | €18,323 | ▼ 27.1% |
| Stocks and contracts in progress3 | - | €786 | €2,541 | €1,260 | ▼ 50.4% |
| Stocks30/36 | - | - | - | €1,260 | - |
| Amounts receivable within one year40/41 | €34,729 | €14,103 | €5,467 | €15,018 | ▲ 175% |
| Trade receivables40 | - | - | - | €5,466 | - |
| Other amounts receivable41 | - | - | - | €9,553 | - |
| Cash at bank and in hand54/58 | €417 | €389 | €13,814 | €387 | ▼ 97.2% |
| Deferred charges and accrued income490/1 | - | - | - | €1,658 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €228,700 | €252,110 | €259,727 | €263,672 | ▲ 1.5% |
| Equity10/15 | €36,020 | €33,682 | €34,148 | €14,450 | ▼ 57.7% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | - |
| Reserves13 | €29,820 | €27,482 | €27,948 | €8,250 | ▼ 70.5% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €6,390 | - |
| Amounts payable17/49 | €192,680 | €218,427 | €225,579 | €249,222 | ▲ 10.5% |
| Amounts payable after more than one year17 | €139,133 | €179,281 | €183,170 | €188,610 | ▲ 3.0% |
| Financial debts170/4 | - | - | - | €188,610 | - |
| Amounts payable within one year42/48 | €53,397 | €38,997 | €42,209 | €60,613 | ▲ 43.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €19,229 | - |
| Financial debts43 | - | - | - | €11,915 | - |
| Credit institutions430/8 | - | - | - | €11,915 | - |
| Trade debts44 | €10,318 | €15,156 | €26,889 | €15,353 | ▼ 42.9% |
| Suppliers440/4 | - | - | - | €15,353 | - |
| Taxes, remuneration and social security45 | - | - | - | €14,115 | - |
| Taxes450/3 | - | - | - | €10,911 | - |
| Remuneration and social security454/9 | - | - | - | €3,205 | - |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,219 | -€2,338 | €466 | -€19,698 | ▼ 4,325% |
| + Depreciation and write-downs630 | €7,092 | €8,036 | €13,730 | €17,265 | ▲ 25.7% |
| Operating cash flow (approximation) | €22,311 | €5,698 | €14,196 | -€2,434 | ▼ 117% |
| Investment in fixed assets (approximation) | - | -€50,657 | -€12,235 | -€28,013 | ▼ 129% |
| Change in cash | - | -€28 | €13,426 | -€13,427 | ▼ 200% |
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
08-05
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 05-05-2025
2023
28-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 21-12-2023
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
31-12
Financial
Weakest financial yearnet -€19,698
Net result drops to -€19,698, the lowest in the series.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
31-12
Financial
Back to profitnet €466
Net result €466 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | KRIS GOEMAN LEOPOLDLAAN 15, 9200 DENDER-
MONDE |
21-12-2023 → 05-05-2025 |
| Curator | JUUL CREYTENS LEOPOLD-
LAAN 15, 9200 DENDERMONDE |
21-12-2023 → 05-05-2025 |