PROLES
ActiveFrom the official registers: KBO 12 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
PROLES is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.2m and a net result of €15,294. Equity is growing by about 23% per year across the filed financial years. The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 02-04-2012 Normal situation
- Legal form
- Private limited company
- Registered office
- Bijenhof 2, 8300 Knokke-Heist
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.210.256.747 8300 Knokke-Heist, since 02-04-2012
- Financial year end
- 31 March
- Peppol
- Reachable since 18-12-2025
Who decides
Board
- Angélique DobbelaereDirector · since 30-03-2023
- Stefaan BuylaertDirector · since 30-03-2023
- Holdings
- Shares in 1 company ZHIVA
How it is doing
Bankruptcy probability: sector outside the model
Annual accounts to 31-03-2025
- Gross margin
- €450,029
- ▲ 2.0%
- Turnover
- ≈ €1.1m
- estimated
- Profit
- €15,294
- Equity
- €2.2m
- ▼ 5.2%
- Total assets
- €4.7m
- ▼ 7.2%
2026 accounts not filed, 1 day past the deadline
Filed on 31-10-2025PDF
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Score 2025
64
/ 100
Healthy▲ +2 on 2024
Without a bankruptcy probability: score from the figures alone
Financial strength · tick = 2024
Strong
Solvency
72+1
equity 46.6% of total assets
Liquidity
52-1
short-term debt 11.4% · cash 2.6%
Profitability
69+1
return on assets 0.3%
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit of up to €140,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.23, compared with 0.23 in 2024, below 1; short-term debt: 11.4% and cash: 2.6% of total assets), and 53.4% of the assets are financed with debt and provisions.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not filed
2025
on the day
2024
on the day
2023
on the day
2022
3 days early
2021
2 days early
2020
12 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 1 day after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
Financials · financial year 2025, abbreviated format
Latest annual accounts filed
Annual accounts 2025
- Financial year ended
- 31-03-2025
- Filed on
- 31-10-2025
- Format
- abbreviated format
- Reference
- 2025-00562143
Turnover
≈ €1.1m
Estimated: probably between €640,000 and €1.8m
Total assets
€4.7m▼ 7.2%
2024 · €5.1m
Net result
€15,294
2024 · -€11,718
Working capital
-€415,860▼ 3.6%
2024 · -€401,316
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 47% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.06m
2025
Net result€0.02m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.7m
2025
Equity€2.2m
2025
Debt€2.5m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.4m
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
Line2019202020212022202320242025
Operating result€0.3m-€0.1m▼ 58.9%€0.6m▲ 317%€0.8m▲ 48.1%€0.9m▲ 8.8%€0.04m▼ 95.1%€0.06m▲ 46.8%
Net result€0.1m-€0.07m▼ 50.1%€0.4m▲ 417%€0.6m▲ 67.1%€0.6m▲ 1.0%-€0.01m€0.02m
Equity€0.8m-€0.9m▲ 8.1%€1.3m▲ 38.7%€1.7m▲ 37.8%€2.3m▲ 34.2%€2.3m▼ 0.5%€2.2m▼ 5.2%
Total assets€2.4m-€2.9m▲ 20.0%€3.1m▲ 4.9%€3.4m▲ 12.3%€5.8m▲ 69.1%€5.1m▼ 12.5%€4.7m▼ 7.2%
Debt€1.6m-€2.0m▲ 26.2%€1.8m▼ 10.5%€1.7m▼ 5.5%€3.5m▲ 105%€2.8m▼ 20.6%€2.5m▼ 8.8%
Working capital-€0.1m--€0.3m▼ 137%-€0.5m▼ 82.0%-€0.6m▼ 22.0%-€0.1m▲ 83.6%-€0.4m▼ 285%-€0.4m▼ 3.6%
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
2025 in colour, 2024 as the grey bar beneath
Assets €4.7m
Fixed assets
€4.6m ▼ 7.4%
Current assets
€121,765 ▲ 2.4%
Equity and liabilities €4.7m
Equity
€2.2m ▼ 5.2%
Debt
€2.5m ▼ 8.8%
Debt's share of the balance-sheet total falls from 54.4% to 53.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€431,370▲
2024 · €412,473
Cash flow
€383,090▲
2024 · €357,445
Current ratio
0.23▼
2024 · 0.23
Debt to equity
1.15▼
2024 · 1.19
ROE
0.7%▲
2024 · -0.5%
ROA
0.3%▲
2024 · -0.2%
Interest coverage
9.78▲
2024 · 7.78
Debt ≤ 1 year
€537,625▲
2024 · €520,219
Debt > 1 year
€2.0m▼
2024 · €2.2m
Income taxes
€4,197▲
2024 · €2,016
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 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.1m | €0.1m | €0.2m | €0.4m | €0.4m | ▼ 0.4% |
| Other operating charges640/8 | - | - | - | €0.02m | €0.01m | €0.03m | €0.02m | ▼ 34.6% |
| Gross operating margin9900 | €0.6m | €0.3m | €0.7m | €1.0m | €1.1m | €0.4m | €0.5m | ▲ 2.0% |
| Operating profit (loss)9901 | €0.3m | €0.1m | €0.6m | €0.8m | €0.9m | €0.04m | €0.06m | ▲ 46.8% |
| Financial income75/76B | - | - | - | €0.07m | €0 | €0 | €2 | ▲ 221× |
| Recurring financial income75 | €41 | - | €1 | €0.07m | €0 | €0 | €2 | ▲ 221× |
| Financial charges65/66B | - | - | - | €0.03m | €0.04m | €0.05m | €0.04m | ▼ 16.8% |
| Recurring financial charges65 | €0.1m | €0.05m | €0.04m | €0.03m | €0.04m | €0.05m | €0.04m | ▼ 16.8% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.08m | €0.5m | €0.9m | €0.8m | -€0.01m | €0.02m | - |
| Income taxes67/77 | €0.08m | €0.02m | €0.2m | €0.3m | €0.3m | €0.002m | €0.004m | ▲ 108% |
| Profit (loss) for the period9904 | €0.1m | €0.07m | €0.4m | €0.6m | €0.6m | -€0.01m | €0.02m | - |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.07m | €0.4m | €0.6m | €0.6m | -€0.01m | €0.02m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.4m | €2.9m | €3.1m | €3.4m | €5.8m | €5.1m | €4.7m | ▼ 7.2% |
| Fixed assets21/28 | €1.9m | €2.5m | €2.9m | €3.3m | €5.3m | €5.0m | €4.6m | ▼ 7.4% |
| Intangible fixed assets21 | - | - | - | - | €0.2m | €0.1m | €0.1m | ▼ 26.6% |
| Tangible fixed assets22/27 | €1.9m | €2.5m | €2.3m | €2.2m | €5.1m | €4.8m | €4.5m | ▼ 6.8% |
| Land and buildings22 | - | - | - | €2.2m | €5.1m | €4.8m | €4.5m | ▼ 6.8% |
| Plant, machinery and equipment23 | - | - | - | - | €0.002m | €0.002m | €0.002m | ▼ 10.8% |
| Furniture and vehicles24 | - | - | - | €0 | - | - | - | - |
| Financial fixed assets28 | - | - | €0.6m | €1.1m | €0 | - | - | - |
| Current assets29/58 | €0.5m | €0.4m | €0.1m | €0.08m | €0.5m | €0.1m | €0.1m | ▲ 2.4% |
| Stocks and contracts in progress3 | €0.001m | €0.001m | €0.001m | €0 | - | - | - | - |
| Stocks30/36 | - | - | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €0.4m | €0.4m | €0.005m | €0.01m | €0.4m | €0 | - | - |
| Other amounts receivable41 | - | - | - | €0.01m | €0.4m | €0 | - | - |
| Cash at bank and in hand54/58 | €0.2m | €0.01m | €0.1m | €0.07m | €0.06m | €0.1m | €0.1m | ▲ 2.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.003m | €0.002m | €0.001m | ▼ 28.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.4m | €2.9m | €3.1m | €3.4m | €5.8m | €5.1m | €4.7m | ▼ 7.2% |
| Equity10/15 | €0.8m | €0.9m | €1.3m | €1.7m | €2.3m | €2.3m | €2.2m | ▼ 5.2% |
| Contributions10/11 | €0.01m | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €0.8m | €0.9m | €1.2m | €1.7m | €2.3m | €2.3m | €2.2m | ▼ 5.3% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €1.7m | €2.3m | €2.3m | €2.2m | ▼ 5.3% |
| Profit (loss) carried forward14 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.005m | €0.005m | = |
| Amounts payable17/49 | €1.6m | €2.0m | €1.8m | €1.7m | €3.5m | €2.8m | €2.5m | ▼ 8.8% |
| Amounts payable after more than one year17 | €0.9m | €1.3m | €1.1m | €1.0m | €2.9m | €2.2m | €2.0m | ▼ 12.4% |
| Financial debts170/4 | - | - | - | €1.0m | €2.9m | €2.2m | €2.0m | ▼ 12.4% |
| Amounts payable within one year42/48 | €0.6m | €0.7m | €0.7m | €0.7m | €0.6m | €0.5m | €0.5m | ▲ 3.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 1.5% |
| Trade debts44 | €49 | €0.01m | €69 | €0.02m | €475 | €0.003m | €232 | ▼ 91.2% |
| Suppliers440/4 | - | - | - | €0.02m | €475 | €0.003m | €232 | ▼ 91.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.06m | €0.004m | €0.008m | ▲ 111% |
| Taxes450/3 | - | - | - | €0.08m | €0.06m | €0.004m | €0.008m | ▲ 111% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.2m | €0.2m | €0.3m | ▲ 4.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.01m | €0 | €0.02m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.07m | €0.4m | €0.6m | €0.6m | -€0.01m | €0.02m | - |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.1m | €0.1m | €0.2m | €0.4m | €0.4m | ▼ 0.4% |
| Operating cash flow (approximation) | €0.4m | €0.3m | €0.5m | €0.7m | €0.8m | €0.4m | €0.4m | ▲ 7.2% |
| Investment in fixed assets (approximation) | - | -€0.8m | -€0.6m | -€0.6m | -€2.2m | €0 | €0 | - |
| Change in cash | - | -€0.2m | €0.1m | -€0.06m | -€0.01m | €0.06m | €0.003m | ▼ 94.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | abbreviated format | 31-10-2025 | 2025-00562143 | |
| 31-03-2024 | abbreviated format | 31-10-2024 | 2024-00525894 | |
| 31-03-2023 | abbreviated format | 31-10-2023 | 2023-00507520 | |
| 31-03-2022 | abbreviated format | 28-10-2022 | 2022-20478986 | |
| 31-03-2021 | abbreviated format | 29-10-2021 | 2021-74900588 | |
| 31-03-2020 | abbreviated format | 12-11-2020 | 2020-70200214 | |
| 31-03-2019 | abbreviated format | 05-11-2019 | 2019-73200131 | |
| 30-06-2017 | abbreviated format | 30-01-2018 | 2018-03300315 | |
| 30-06-2016 | abbreviated format | 31-01-2017 | 2017-03000238 | |
| 30-06-2015 | abbreviated format | 15-01-2016 | 2016-01600357 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors, last change in 2023
Angélique Dobbelaere
Current
Director (not named in the articles) · since 30-03-2023 · in the 2025 annual accounts, filed on 31-10-2025
Stefaan Buylaert
Current
Director (not named in the articles) · since 30-03-2023 · in the 2025 annual accounts, filed on 31-10-2025
Mandate history
2 people, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Angélique Dobbelaere |
|
| Stefaan Buylaert |
|
How the board is organised
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Benoemd met of zonder beperking van duur;bij gebrek aan bepaling geacht van onbepaalde duur, één of meer bestuurders”“Artikel 15, geboekt op algemene kosten,los van representatie-,reis- en verplaatsingskosten”
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering beslissende in vormen statutenwijziging”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed
Articles of association, deed of 19-04-2023 (in Dutch)
Owners and capital
Capital and shareholders
Capital over the years
- 19-04-2023 Converted to unavailable equity
- 23-02-2023 Capital stated in the deed · 186 shares
Shares according to the articles of association
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, Artikel 9”
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Bestuursorgaan bepaalt of zij alleen dan wel gezamenlijk optreden, dagelijks bestuur”Other provision: “Schriftelijke algemene vergadering, statutenwijzigingen”Other provision: “Toegang algemene vergadering, houder effecten op naam ingeschreven in register per categorie”Other provision: “Bestuurder,bij gebrek aanwezige aandeelhouder met meeste aandelen,bij pariteit oudste, zittingen-processen-verbaal”Other provision: “Elke aandeelhouder kan ieder ander persoon schriftelijk volmacht geven door alle middelen van overdracht, beraadslagingen”Other provision: “Bestuursorgaan, verdaging”Other provision: “Bestemming winst-reserves, algemene vergadering op voorstel bestuursorgaan”Other provision: “Titel VIII Algemene maatregelen”Other provision: “Tiende besluit Opdracht en volmachten”4 more provisions in the deed, see the deed of 19-04-2023
Articles of association, deed of 19-04-2023 (in Dutch)
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
- ZHIVAsubsidiary100%
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Acquisitions and mergers
1 transactionTook over:Zhiva
History
Acts, filings and financial milestones
2025
31-10
financial year 2025 · abbreviated format
31-03
Financial
Back to profitnet €15,294
Net result €15,294 after one loss-making year.
2024
31-10
financial year 2024 · abbreviated format
31-03
Financial
Weakest financial yearnet -€11,718
Net result drops to -€11,718, the lowest in the series; recovery starts the following year.
2023
31-10
financial year 2023 · abbreviated format
19-04
Gazette deed
RestructuringResignations: Angélique Dobbelaere (director) and Stefaan Buylaert (director) · Appointments: Stefaan Buylaert (director) and Angélique Dobbelaere (director) · Merger23 facts ▸
Gazette deed
Restructuring
Resignations: Angélique Dobbelaere (director) and Stefaan Buylaert (director) · Appointments: Stefaan Buylaert (director) and Angélique Dobbelaere (director) · Merger23 facts ▸
- General meeting, 30-03-2023 (2 times)
- Merger, “fusie door overneming” (deed in Dutch)
- Dissolution, merger
- Merger, “fusie door overneming, openbaarmaking van de inbreng” (deed in Dutch)
- Shareholding
- Share cancellation, “vernietiging, fusie” (deed in Dutch)
- Accounting effect, 01-01-2023
- Other provision, “afwezigheid andere effecten,bijzondere rechten en voordelen bij fusie” (deed in Dutch)
- Custody of records, 30-03-2023, “archief omvattende alle boeken en bescheiden die zij wettelijk verplicht is te houden en te bewaren” (deed in Dutch)
- Real estate, “onroerende goederen in vermogen” (deed in Dutch)
- Other provision, “verwerking vermogensovergang in boekhouding, opname vermogensbestanddelen in vervanging van vernietigde aandelen” (deed in Dutch)
- Director resignation, Angélique Dobbelaere (director)
- +11 further facts in this act
31-03
Financial
Highest result from 2019 to 2025net €592,336 ▲1%
Operating result €887,820, net result €592,336, both a record.
31-03
Financial
Equity above €2mequity €2.3m ▲34.2%
A profit in every financial year since 2019 builds equity to €2.3m.
23-02
Gazette deed
Restructuring · MiscellaneousMerger · Shareholding · Capital6 facts ▸
Gazette deed
Restructuring · Miscellaneous
Merger · Shareholding · Capital6 facts ▸
- Merger, “fusie door overneming van BV ZHIVA door BV PROLES, gehele vermogen van BV ZHIVA,zowel rechten als verplichtingen,zal overgaan naar BV PROLES” (deed in Dutch)
- Shareholding
- Capital (2 times)
- Accounting effect, 01-01-2023
- Other provision, “rechten voor houders bijzondere rechten en andere effecten dan aandelen, geen” (deed in Dutch)
- Other provision, “bijzondere voordelen bestuursorganen te fuseren vennootschappen” (deed in Dutch)
2022
28-10
financial year 2022 · abbreviated format
2021
29-10
financial year 2021 · abbreviated format
31-03
Financial
Equity above €1mequity €1.3m ▲38.7%
A profit in every financial year since 2019 builds equity to €1.3m.
Show earlier events
2020
12-11
financial year 2020 · abbreviated format · 12 days late
2019
05-11
financial year 2019 · abbreviated format · 5 days late
2018
30-01
financial year 2017 · abbreviated format
2017
31-01
financial year 2016 · abbreviated format
2016
15-01
financial year 2015 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordName
PROLES in Dutch
Enterprise number
0845.048.855
Legal form
Private limited company
Status
Active, normale toestand
Founded
02-04-2012
Type
Legal entity
Where it is based
Registered office
Bijenhof 2, 8300 Knokke-Heist, Belgium
Establishments
1 establishment unit since 2012
Invoicing and payment
VAT number
BE 0845.048.855
Financial year and general meeting
Accounts at the NBBFinancial year end
31-03
Scores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Proles
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Artikel 2”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of September at 18:00
Articles of association, deed of 19-04-2023 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
Registered office and establishments
1 establishment unit
PROLES
since 2012unit no. 2.210.256.747
Buildings and parcels at the addresses
Ground area
2,170 m²
Building footprint
320 m²
Building volume
1,469 m³
2 parcels, Flanders · tallest building 17.7 m.
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31332E1168/00D000 | Flanders | 1,820 m² | 1 · 255 m² | 17.6 m |
| 31333K0091/00E002 | Flanders | 349 m² | 1 · 65 m² | 8.9 m · 2 |