PROLAN
Open bankruptcyFinancials · financial year 2023, abbreviated format
2023 annual accounts filed late (2 days) Filed on 2 February 2024, deadline 31 January 2024 (7 months after the close on 30 June 2023, Companies Code art. 3:10). Source: NBB, 2024-00025414.
Turnover
≈ €350,000
Estimated: probably between €220,000 and €660,000
Total assets
€1.4m▼ 18.0%
2022 · €1.7m
Net result
-€530,509
2022 · €125,008
Working capital
-€437,677
2022 · €108,302
Trend over the years
2019 to 2023, 5 financial years 2019 to 2023, 5 financial years
The operating result turns negative in 2023: a loss of €479,875 after €156,733 in 2022, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.5m
2023
Net result-€0.5m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.4m
2023
Equity-€0.1m
2023
Debt€1.5m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.4m
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-38.9%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-9.3%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.64
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)8.5
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result-€0.02m--€0.004m▲ 80.5%-€0.2m▼ 4,241%€0.2m-€0.5m
Net result-€0.04m--€0.05mbelow the sector's middle half▼ 11.5%-€0.2mbelow the sector's middle half▼ 342%€0.1mwithin the sector's middle half-€0.5mbelow the sector's middle half
Equity€0.5m-€0.5mwithin the sector's middle half▼ 8.7%€0.3mwithin the sector's middle half▼ 42.1%€0.4mwithin the sector's middle half▲ 45.0%-€0.1mbelow the sector's middle half
Total assets€1.2m-€1.8mwithin the sector's middle half▲ 52.2%€1.7mwithin the sector's middle half▼ 1.5%€1.7mwithin the sector's middle half▼ 4.6%€1.4mwithin the sector's middle half▼ 18.0%
Debt€0.6m-€1.3m▲ 103%€1.5m▲ 13.6%€1.3m▼ 14.0%€1.5m▲ 18.3%
Working capital€0.2m-€0.07mwithin the sector's middle half▼ 59.5%-€0.09mbelow the sector's middle half€0.1mwithin the sector's middle half-€0.4mbelow the sector's middle half
Solvency45.3%-27.1%within the sector's middle half▼ 18.1pp15.9%below the sector's middle half▼ 11.2pp24.2%below the sector's middle half▲ 8.3pp-9.3%below the sector's middle half▼ 33.6pp
Current ratio1.52-1.14below the sector's middle half▼ 0.390.90below the sector's middle half▼ 0.241.13below the sector's middle half▲ 0.230.64below the sector's middle half▼ 0.49
Return on assets (ROA)-3.5%--2.6%below the sector's middle half▲ 0.9pp-11.6%below the sector's middle half▼ 9.0pp7.5%within the sector's middle half▲ 19.1pp-38.9%below the sector's middle half▼ 46.4pp
Staff (FTE)2.1-2.6below the sector's middle half▲ 23.8%3.7within the sector's middle half▲ 42.3%8within the sector's middle half▲ 116%8.5within the sector's middle half▲ 6.3%
above
within
below
the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.4m
Fixed assets
€578,948 ▼ 19.9%
Current assets
€785,695 ▼ 16.5%
Equity and liabilities
Equity-€127,541
Debt€1.5m
Equity is negative: debt (€1.5m) exceeds the balance-sheet total (€1.4m).
Key figures and ratios
EBITDA
-€323,525▼
2022 · €399,456
Cash flow
-€374,158▼
2022 · €367,731
Quick ratio
0.25▼
2022 · 0.63
Interest coverage
-10.11▼
2022 · 12.11
Debt ≤ 1 year
€1.2m▲
2022 · €832,982
Debt > 1 year
€267,162▼
2022 · €428,101
Staff costs
€460,956▲
2022 · €442,249
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €172,923 | €442,249 | €460,956 | ▲ 4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €223,541 | €224,592 | €293,862 | €242,724 | €156,351 | ▼ 35.6% |
| Other operating charges640/8 | - | - | €1,183 | €185 | €1,086 | ▲ 487% |
| Gross operating margin9900 | €313,605 | €348,154 | €297,784 | €841,891 | €138,517 | ▼ 83.5% |
| Operating profit (loss)9901 | -€20,108 | -€3,920 | -€170,184 | €156,733 | -€479,875 | - |
| Financial income75/76B | - | - | €71 | €1,252 | €6,247 | ▲ 399% |
| Recurring financial income75 | €21 | €37 | €71 | €1,252 | €6,247 | ▲ 399% |
| Financial charges65/66B | - | - | €32,378 | €32,977 | €56,881 | ▲ 72.5% |
| Recurring financial charges65 | €20,803 | €41,911 | €32,378 | €32,977 | €31,993 | ▼ 3.0% |
| Non-recurring financial charges66B | - | - | - | - | €24,888 | - |
| Profit (loss) for the period before taxes9903 | -€40,891 | -€45,793 | -€202,491 | €125,008 | -€530,509 | - |
| Income taxes67/77 | €198 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€41,088 | -€45,793 | -€202,491 | €125,008 | -€530,509 | - |
| Profit (loss) for the period to be appropriated9905 | -€41,088 | -€45,793 | -€202,491 | €125,008 | -€530,509 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.8m | €1.7m | €1.7m | €1.4m | ▼ 18.0% |
| Fixed assets21/28 | €0.6m | €1.2m | €0.9m | €0.7m | €0.6m | ▼ 19.9% |
| Tangible fixed assets22/27 | €0.6m | €1.2m | €0.9m | €0.7m | €0.6m | ▼ 19.9% |
| Plant, machinery and equipment23 | - | - | €0.2m | €0.2m | €0.1m | ▼ 40.5% |
| Furniture and vehicles24 | - | - | €0.001m | €0.002m | €0.002m | ▼ 3.3% |
| Leasing and similar rights25 | - | - | €0.6m | €0.5m | €0.4m | ▼ 12.8% |
| Other tangible fixed assets26 | - | - | €0.06m | €0.05m | €0.05m | ▼ 17.5% |
| Financial fixed assets28 | €0.006m | - | - | - | - | - |
| Current assets29/58 | €0.5m | €0.6m | €0.8m | €0.9m | €0.8m | ▼ 16.5% |
| Stocks and contracts in progress3 | €0.1m | €0.3m | €0.3m | €0.4m | €0.5m | ▲ 14.5% |
| Stocks30/36 | - | - | €0.3m | €0.4m | €0.5m | ▲ 14.5% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.5m | €0.4m | €0.3m | ▼ 40.8% |
| Trade receivables40 | - | - | €0.4m | €0.3m | €0.2m | ▼ 40.6% |
| Other amounts receivable41 | - | - | €0.06m | €0.1m | €0.07m | ▼ 41.5% |
| Cash at bank and in hand54/58 | €0.1m | €0.1m | €0.03m | €0.08m | €0.04m | ▼ 45.4% |
| Deferred charges and accrued income490/1 | - | - | €0.01m | €0.004m | €0.005m | ▲ 32.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.8m | €1.7m | €1.7m | €1.4m | ▼ 18.0% |
| Equity10/15 | €0.5m | €0.5m | €0.3m | €0.4m | -€0.1m | - |
| Contributions10/11 | €0.4m | - | €0.4m | €0.4m | €0.4m | = |
| Reserves13 | €0.2m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Non-distributable reserves130/1 | - | - | €0.009m | €0.009m | €0.009m | = |
| Other1319 | - | - | €0.009m | €0.009m | €0.009m | = |
| Distributable reserves133 | - | - | €0.06m | €0.06m | €0.06m | = |
| Profit (loss) carried forward14 | -€0.04m | - | -€0.2m | -€0.08m | -€0.6m | ▼ 685% |
| Amounts payable17/49 | €0.6m | €1.3m | €1.5m | €1.3m | €1.5m | ▲ 18.3% |
| Amounts payable after more than one year17 | €0.3m | €0.7m | €0.6m | €0.4m | €0.3m | ▼ 37.6% |
| Financial debts170/4 | - | - | €0.6m | €0.4m | €0.3m | ▼ 37.6% |
| Amounts payable within one year42/48 | €0.3m | €0.5m | €0.9m | €0.8m | €1.2m | ▲ 46.9% |
| Current portion of amounts payable after more than one year42 | - | - | €0.2m | €0.2m | €0.1m | ▼ 16.1% |
| Financial debts43 | - | - | €0.08m | €0.08m | €0.08m | = |
| Credit institutions430/8 | - | - | €0.08m | €0.08m | €0.08m | = |
| Trade debts44 | €0.1m | €0.2m | €0.5m | €0.5m | €0.9m | ▲ 78.5% |
| Suppliers440/4 | - | - | €0.5m | €0.5m | €0.9m | ▲ 78.5% |
| Advances received on contracts in progress46 | - | - | - | - | €0.02m | - |
| Taxes, remuneration and social security45 | - | - | €0.03m | €0.07m | €0.06m | ▼ 15.6% |
| Taxes450/3 | - | - | €0.006m | €0.005m | €0.001m | ▼ 88.4% |
| Remuneration and social security454/9 | - | - | €0.02m | €0.07m | €0.06m | ▼ 9.9% |
| Other amounts payable47/48 | - | - | €0.03m | €0.03m | €0.03m | ▲ 7.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.002m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€41,088 | -€45,793 | -€202,491 | €125,008 | -€530,509 | - |
| + Depreciation and write-downs630 | €223,541 | €224,592 | €293,862 | €242,724 | €156,351 | ▼ 35.6% |
| Operating cash flow (approximation) | €182,453 | €178,798 | €91,371 | €367,731 | -€374,158 | - |
| Investment in fixed assets (approximation) | - | -€746,486 | -€86,495 | -€17,843 | -€12,533 | ▲ 29.8% |
| Change in cash | - | -€19,201 | -€79,609 | €42,346 | -€34,621 | - |
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 |
|---|---|---|---|
| 30-06-2023 | abbreviated format | 02-02-2024 | 2024-00025414 |
| 30-06-2022 | abbreviated format | 23-01-2023 | 2023-00001711 |
| 30-06-2021 | abbreviated format | 13-04-2022 | 2022-20003571 |
| 30-06-2020 | abbreviated format | 01-02-2021 | 2021-04600065 |
| 30-06-2019 | abbreviated format | 29-01-2020 | 2020-03100594 |
| 30-06-2018 | abbreviated format | 10-01-2019 | 2019-01000385 |
| 30-06-2017 | abbreviated format | 21-12-2017 | 2017-72600348 |
| 30-06-2016 | abbreviated format | 05-01-2017 | 2017-00300381 |
| 30-06-2015 | abbreviated format | 11-01-2016 | 2016-00900402 |
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Of the 3,946 active companies whose main activity is manufacture of metal structures and parts of structures (NACE 25110), figures are known for 2,170. 774 are within a factor 10 of this headcount. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.