PROFORWARD
InactiveFinancials · financial year 2025, micro format
Equity
€126,286▲ 41.9%
2024 · €89,005
Total assets
€148,744▲ 21.8%
2024 · €122,107
Net result
€37,281▼ 25.0%
2024 · €49,739
Working capital
€126,486▲ 133%
2024 · €54,314
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 5% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€52,398
2025
Net result€37,281
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€148,744
2025
Equity€126,286
2025
Debt€22,459
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€126,486
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€31,789-€49,518▲ 55.8%€59,523▲ 20.2%-€19,856-€50,106▼ 152%€14,797€55,116▲ 272%€52,398▼ 4.9%
Net result€21,812-€34,462▲ 58.0%€46,530▲ 35.0%-€20,608-€50,507▼ 145%€14,373€49,739▲ 246%€37,281▼ 25.0%
Equity€61,545-€96,007▲ 56.0%€96,007=€75,399▼ 21.5%€24,893▼ 67.0%€39,265▲ 57.7%€89,005▲ 127%€126,286▲ 41.9%
Total assets€87,105-€106,160▲ 21.9%€152,777▲ 43.9%€92,835▼ 39.2%€34,729▼ 62.6%€89,313▲ 157%€122,107▲ 36.7%€148,744▲ 21.8%
Debt€25,560-€10,153▼ 60.3%€56,770▲ 459%€17,436▼ 69.3%€9,837▼ 43.6%€50,048▲ 409%€33,103▼ 33.9%€22,459▼ 32.2%
Working capital€58,753-€92,581▲ 57.6%€91,550▼ 1.1%€73,838▼ 19.3%€22,010▼ 70.2%-€4,825€54,314€126,486▲ 133%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €148,744
Equity
€126,286 ▲ 41.9%
Debt
€22,459 ▼ 32.2%
Debt's share of the balance-sheet total falls from 27.1% to 15.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52,398▼
2024 · €66,263
Cash flow
€37,281▼
2024 · €60,886
Current ratio
6.68▲
2024 · 2.64
Debt to equity
0.18▼
2024 · 0.37
ROE
29.5%▼
2024 · 55.9%
ROA
25.1%▼
2024 · 40.7%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€22,259▼
2024 · €33,103
Income taxes
€15,011▲
2024 · €5,225
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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €52 | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,072 | €1,685 | €1,666 | €2,182 | €2,120 | €7,688 | €11,147 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €451 | €302 | €1,384 | €1,591 | €890 | ▼ 44.1% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €10,343 | - |
| Gross operating margin9900 | €37,318 | €54,439 | €62,360 | -€17,223 | -€47,684 | €23,869 | €67,854 | €63,631 | ▼ 6.2% |
| Operating profit (loss)9901 | €31,789 | €49,518 | €59,523 | -€19,856 | -€50,106 | €14,797 | €55,116 | €52,398 | ▼ 4.9% |
| Financial income75/76B | - | - | - | €5 | €0 | €0 | - | €155 | - |
| Recurring financial income75 | €0 | €1 | €2 | €5 | €0 | €0 | - | €155 | - |
| Financial charges65/66B | - | - | - | €243 | €172 | €135 | €152 | €261 | ▲ 72.0% |
| Recurring financial charges65 | €300 | €146 | €144 | €243 | €172 | €135 | €152 | €261 | ▲ 72.0% |
| Profit (loss) for the period before taxes9903 | €31,488 | €49,373 | €59,380 | -€20,094 | -€50,277 | €14,662 | €54,964 | €52,292 | ▼ 4.9% |
| Income taxes67/77 | €9,677 | €14,911 | €12,850 | €514 | €229 | €289 | €5,225 | €15,011 | ▲ 187% |
| Profit (loss) for the period9904 | €21,812 | €34,462 | €46,530 | -€20,608 | -€50,507 | €14,373 | €49,739 | €37,281 | ▼ 25.0% |
| Profit (loss) for the period to be appropriated9905 | €21,812 | €34,462 | €46,530 | -€20,608 | -€50,507 | €14,373 | €49,739 | €37,281 | ▼ 25.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €87,105 | €106,160 | €152,777 | €92,835 | €34,729 | €89,313 | €122,107 | €148,744 | ▲ 21.8% |
| Fixed assets21/28 | €2,791 | €3,426 | €4,457 | €4,359 | €3,072 | €44,090 | €34,691 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €2,791 | €3,426 | €4,457 | €4,359 | €3,072 | €44,090 | €34,691 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €3,872 | €3,072 | €44,090 | €34,691 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | €487 | - | - | - | - | - |
| Current assets29/58 | €84,313 | €102,733 | €148,320 | €88,476 | €31,657 | €45,223 | €87,416 | €148,744 | ▲ 70.2% |
| Amounts receivable within one year40/41 | €13,415 | €11,643 | €13,588 | €10,350 | €2,420 | €17,593 | €18,036 | €39,728 | ▲ 120% |
| Trade receivables40 | - | - | - | - | €2,420 | €17,593 | €18,036 | €39,238 | ▲ 118% |
| Other amounts receivable41 | - | - | - | €10,350 | - | - | - | €489 | - |
| Cash at bank and in hand54/58 | €70,898 | €91,091 | €134,732 | €77,845 | €28,952 | €27,630 | €69,380 | €109,017 | ▲ 57.1% |
| Deferred charges and accrued income490/1 | - | - | - | €281 | €285 | €0 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €87,105 | €106,160 | €152,777 | €92,835 | €34,729 | €89,313 | €122,107 | €148,744 | ▲ 21.8% |
| Equity10/15 | €61,545 | €96,007 | €96,007 | €75,399 | €24,893 | €39,265 | €89,005 | €126,286 | ▲ 41.9% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €42,945 | €77,407 | €77,407 | €77,407 | €77,407 | €77,407 | €77,407 | €107,686 | ▲ 39.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | €75,547 | €75,547 | €75,547 | €77,407 | €107,686 | ▲ 39.1% |
| Profit (loss) carried forward14 | - | - | - | -€20,608 | -€71,115 | -€56,742 | -€7,003 | €0 | - |
| Amounts payable17/49 | €25,560 | €10,153 | €56,770 | €17,436 | €9,837 | €50,048 | €33,103 | €22,459 | ▼ 32.2% |
| Amounts payable within one year42/48 | €25,560 | €10,153 | €56,770 | €14,637 | €9,647 | €50,048 | €33,103 | €22,259 | ▼ 32.8% |
| Trade debts44 | €17,781 | €6,810 | €3,317 | €1,552 | €1,453 | €1,008 | €705 | €2,594 | ▲ 268% |
| Suppliers440/4 | - | - | - | €1,552 | €1,453 | €1,008 | €705 | €2,594 | ▲ 268% |
| Taxes, remuneration and social security45 | - | - | - | €2,617 | €162 | €5,459 | €13,203 | €16,150 | ▲ 22.3% |
| Taxes450/3 | - | - | - | €2,617 | €162 | €5,459 | €13,203 | €16,150 | ▲ 22.3% |
| Other amounts payable47/48 | - | - | - | €10,468 | €8,032 | €43,582 | €19,194 | €3,515 | ▼ 81.7% |
| Accrued charges and deferred income492/3 | - | - | - | €2,798 | €190 | - | - | €200 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,812 | €34,462 | €46,530 | -€20,608 | -€50,507 | €14,373 | €49,739 | €37,281 | ▼ 25.0% |
| + Depreciation and write-downs630 | €1,072 | €1,685 | €1,666 | €2,182 | €2,120 | €7,688 | €11,147 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €22,883 | €36,147 | €48,196 | -€18,426 | -€48,387 | €22,061 | €60,886 | €37,281 | ▼ 38.8% |
| Investment in fixed assets (approximation) | - | -€2,320 | -€2,697 | -€2,084 | -€833 | -€48,706 | -€1,748 | €34,691 | - |
| Change in cash | - | €20,193 | €43,641 | -€56,887 | -€48,894 | -€1,322 | €41,750 | €39,636 | ▼ 5.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 06-05-2026 | 2026-00103577 |
| 31-12-2024 | micro format | 11-07-2025 | 2025-00257953 |
| 31-12-2023 | micro format | 21-08-2024 | 2024-00355779 |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00182131 |
| 31-12-2021 | micro format | 03-06-2022 | 2022-20046161 |
| 31-12-2020 | micro format | 21-06-2021 | 2021-21900100 |
| 31-12-2019 | micro format | 30-06-2020 | 2020-23700539 |
| 31-12-2018 | micro format | 03-06-2019 | 2019-15600228 |
| 31-12-2017 | micro format | 25-06-2018 | 2018-23200104 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.