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PROMASTER

Active
Private limited company (pre-2019)founded 1991active for 34 yearsSint-Katarinastraat 48, 1831 Machelen (Brab.), BelgiumKBO/BCE: BE 0445.782.801
Summary

The computed 12-month bankruptcy probability of PROMASTER is 7.1% (elevated). For PROMASTER, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €63,068 and a net result of €898, of which €453 non-recurring income. Equity is growing by about 17% per year across the filed financial years. The company has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Activity not known1 site
Size
€154,165total assets 2022
Staff
2 FTE
Equity
€63,068
Profit
€898
Turnover not published (micro format)
Financial health
Bankruptcy probabilitywithin 12 months
7.1%
2022 figures too old to score
Structure
2023 accounts not filed, 815 days past the deadline2 deeds in the Belgian Official Gazette
Signalsraises riskFigures for financial year 2022 (filed 09-05-2024)3 financial years not filed after the legal deadline; last filed accounts filed 283 days late; 3 of the last 3 lateSize: total assets €154,165Two or more financial years not filed2022 accounts filed 283 days latelowers riskFounded in 1991Show the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Financial strength, FY 2022 · tick = 2021
Average
Solvency 66+2
equity 40.9% of total assets
Liquidity 49-5
short-term debt 59.1% · cash 24.0%
Profitability 55-19
return on assets 0.6%
Bankruptcy probability, 12 months
7.1% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (7,694 companies, NACE 81, micro)
Last 24 months 11-2024: 2.1%lowest value 12-2024: 3.1%▲ +1.0 percentage point vs 11-2024 01-2025: 5.4%▲ +2.3 percentage points vs 12-2024 02-2025: 5.4%● unchanged vs 01-2025 03-2025: 5.5%▲ +0.1 percentage points vs 02-2025 04-2025: 5.2%▼ -0.3 percentage points vs 03-2025 05-2025: 5.2%● unchanged vs 04-2025 06-2025: 5.1%▼ -0.1 percentage points vs 05-2025 07-2025: 5.1%● unchanged vs 06-2025 08-2025: 7.0%▲ +1.9 percentage points vs 07-2025 09-2025: 7.0%● unchanged vs 08-2025 10-2025: 7.0%● unchanged vs 09-2025 11-2025: 7.0%● unchanged vs 10-2025 12-2025: 7.0%● unchanged vs 11-2025 01-2026: 7.0%● unchanged vs 12-2025 02-2026: 7.0%● unchanged vs 01-2026 03-2026: 7.0%● unchanged vs 02-2026 04-2026: 7.0%● unchanged vs 03-2026 05-2026: 7.0%● unchanged vs 04-2026 06-2026: 7.6%▲ +0.6 percentage points vs 05-2026highest value 07-2026: 7.6%● unchanged vs 06-2026highest value 08-2026: 7.1%▼ -0.5 percentage points vs 07-2026 09-2026: 7.1%● unchanged vs 08-2026 10-2026: 7.1%● unchanged vs 09-2026
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Signals

Six signals.
lowers riskraises risk
raises risk · Figures for financial year 2022 (filed 09-05-2024)
NBB · annual accounts
raises risk · 3 financial years not filed after the legal deadline; last filed accounts filed 283 days late; 3 of the last 3 late
NBB · filings
lowers risk · Founded in 1991
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Size: total assets €154,165
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 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 · 10 filings
Position against the passed deadline
31-12-2023 year end31-07-2024 deadline24-10-2026 today
raises risk · 2022 accounts filed 283 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 09-05-2024, 283 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
283 days late
2021
648 days late
2020
1013 days late
2019
123 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 517 days 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)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2022 · micro…
  2. Annual accounts filedfinancial year 2021 · micro…
  3. Annual accounts filedfinancial year 2020 · micro…

Financials · financial year 2022, micro format

2023 annual accounts not yet filed, deadline passed on 31 July 2024 Financial year closed on 31 December 2023; filing due at the latest 7 months after the close (Companies Code art. 3:10). 3 financial years without a filing since the last one filed. Source: NBB filings, as of 25 October 2026.

Equity
€63,068▲ 1.4%
2021 · €62,170
Total assets
€154,165▼ 4.1%
2021 · €160,752
Net result
€898▼ 87.0%
2021 · €6,891
Working capital
€61,226▼ 0.4%
2021 · €61,451
Trend over the years

2018 to 2022, 5 financial years 2018 to 2022, 5 financial years

The operating result turns negative in 2022: a loss of €988 after €6,244 in 2021.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€988 2022 Net result€898 2022

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022
Operating result-€22,857-€6,193€20,105▲ 225%€6,244▼ 68.9%-€988
Net result-€21,764-€7,606€15,236▲ 100%€6,891▼ 54.8%€898▼ 87.0%
Equity€27,271-€34,877▲ 27.9%€55,279▲ 58.5%€62,170▲ 12.5%€63,068▲ 1.4%
Total assets€74,835-€86,888▲ 16.1%€110,184▲ 26.8%€160,752▲ 45.9%€154,165▼ 4.1%
Debt€47,564-€52,011▲ 9.3%€54,905▲ 5.6%€98,582▲ 79.5%€91,096▼ 7.6%
Working capital€20,932-€30,048▲ 43.5%€52,801▲ 75.7%€61,451▲ 16.4%€61,226▼ 0.4%
Staff (FTE)1.8-1.8=2▲ 11.1%2=2=
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €154,165
Fixed assets €1,842 ▲ 156%
Current assets €152,323 ▼ 4.8%
Equity and liabilities €154,165
Equity €63,068 ▲ 1.4%
Debt €91,096 ▼ 7.6%
Debt's share of the balance-sheet total falls from 61.3% to 59.1%. Equity is higher and debt is lower.
Key figures and ratios
2022 value · change against 2021
EBITDA
€167▼
2021 · €8,003
Cash flow
€2,053▼
2021 · €8,650
Current ratio
1.67▲
2021 · 1.62
Debt to equity
1.44▼
2021 · 1.59
ROE
1.4%▼
2021 · 11.1%
ROA
0.6%▼
2021 · 4.3%
Interest coverage
4.31▼
2021 · 96.76
Debt ≤ 1 year
€91,096▼
2021 · €98,582
Income taxes
€700▼
2021 · €1,000
Staff costs
€57,379▼
2021 · €60,443
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 41 lines
Balance sheet Code20212022
Assets
Total assets20/58€160,752€154,165▼
Fixed assets21/28€719€1,842▲
Tangible fixed assets22/27€614€1,737▲
Furniture and vehicles24€614€1,737▲
Financial fixed assets28€105€105=
Current assets29/58€160,033€152,323▼
Amounts receivable within one year40/41€110,843€114,607▲
Trade receivables40€84,458€77,999▼
Other amounts receivable41€26,384€36,608▲
Cash at bank and in hand54/58€46,743€36,981▼
Deferred charges and accrued income490/1€2,448€734▼
Equity and liabilities
Total equity and liabilities10/49€160,752€154,165▼
Equity10/15€62,170€63,068▲
Contributions10/11€18,600€18,600=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Profit (loss) carried forward14€41,710€42,608▲
Amounts payable17/49€98,582€91,096▼
Amounts payable within one year42/48€98,582€91,096▼
Trade debts44€84,413€83,226▼
Suppliers440/4€84,413€83,226▼
Taxes, remuneration and social security45€14,169€7,871▼
Taxes450/3€10,361€4,042▼
Remuneration and social security454/9€3,808€3,828▲
Income statement Code20212022
Remuneration, social security and pensions62€60,443€57,379▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,759€1,155▼
Other operating charges640/8€706€730▲
Gross operating margin9900€69,151€58,275▼
Operating profit (loss)9901€6,244-€988▼
Financial income75/76B€1,731€2,625▲
Recurring financial income75€1,731€2,171▲
Non-recurring financial income76B-€453
Financial charges65/66B€83€39▼
Recurring financial charges65€83€39▼
Profit (loss) for the period before taxes9903€7,891€1,598▼
Income taxes67/77€1,000€700▼
Profit (loss) for the period9904€6,891€898▼
Profit (loss) for the period to be appropriated9905€6,891€898▼
Appropriation of the result
Profit (loss) to be appropriated9906€41,710€42,608▲
Profit (loss) brought forward from the previous period14P€34,819€41,710▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022Change
Remuneration, social security and pensions62--€49,544€60,443€57,379▼ 5.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,349€6,405€1,759€1,759€1,155▼ 34.3%
Other operating charges640/8--€1,696€706€730▲ 3.4%
Gross operating margin9900€62,474€89,299€73,103€69,151€58,275▼ 15.7%
Operating profit (loss)9901-€22,857€6,193€20,105€6,244-€988-
Financial income75/76B--€1,414€1,731€2,625▲ 51.7%
Recurring financial income75€1,148€1,432€1,414€1,731€2,171▲ 25.5%
Non-recurring financial income76B----€453-
Financial charges65/66B--€282€83€39▼ 53.2%
Recurring financial charges65€53€404€282€83€39▼ 53.2%
Profit (loss) for the period before taxes9903-€21,763€8,073€21,236€7,891€1,598▼ 79.8%
Income taxes67/77€1€467€6,000€1,000€700▼ 30.0%
Profit (loss) for the period9904-€21,764€7,606€15,236€6,891€898▼ 87.0%
Profit (loss) for the period to be appropriated9905-€21,764€7,606€15,236€6,891€898▼ 87.0%
Line20182019202020212022Change
Assets
Total assets20/58€74,835€86,888€110,184€160,752€154,165▼ 4.1%
Fixed assets21/28€6,339€4,829€2,478€719€1,842▲ 156%
Tangible fixed assets22/27€6,234€4,724€2,373€614€1,737▲ 183%
Furniture and vehicles24--€2,373€614€1,737▲ 183%
Financial fixed assets28€105€105€105€105€105=
Current assets29/58€68,497€82,059€107,706€160,033€152,323▼ 4.8%
Stocks and contracts in progress3€3,500-----
Amounts receivable within one year40/41€37,562€52,786€53,932€110,843€114,607▲ 3.4%
Trade receivables40--€39,056€84,458€77,999▼ 7.6%
Other amounts receivable41--€14,876€26,384€36,608▲ 38.8%
Cash at bank and in hand54/58€26,551€27,338€51,498€46,743€36,981▼ 20.9%
Deferred charges and accrued income490/1--€2,276€2,448€734▼ 70.0%
Equity and liabilities
Total equity and liabilities10/49€74,835€86,888€110,184€160,752€154,165▼ 4.1%
Equity10/15€27,271€34,877€55,279€62,170€63,068▲ 1.4%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Reserves13€1,860€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1--€1,860€1,860€1,860=
Reserves not available under the articles1311--€1,860€1,860€1,860=
Profit (loss) carried forward14€6,811€14,417€34,819€41,710€42,608▲ 2.2%
Amounts payable17/49€47,564€52,011€54,905€98,582€91,096▼ 7.6%
Amounts payable within one year42/48€47,564€52,011€54,905€98,582€91,096▼ 7.6%
Trade debts44€35,968€43,854€24,001€84,413€83,226▼ 1.4%
Suppliers440/4--€24,001€84,413€83,226▼ 1.4%
Taxes, remuneration and social security45--€17,474€14,169€7,871▼ 44.5%
Taxes450/3--€9,968€10,361€4,042▼ 61.0%
Remuneration and social security454/9--€7,506€3,808€3,828▲ 0.5%
Other amounts payable47/48--€13,430---
Line20182019202020212022Change
Profit (loss) for the period9904-€21,764€7,606€15,236€6,891€898▼ 87.0%
+ Depreciation and write-downs630€9,349€6,405€1,759€1,759€1,155▼ 34.3%
Operating cash flow (approximation)-€12,415€14,011€16,995€8,650€2,053▼ 76.3%
Investment in fixed assets (approximation)--€4,895€592€0-€2,278-
Change in cash-€787€24,160-€4,756-€9,761▼ 105%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 29 filings with the National Bank
Financial year Type Filed Reference
31-12-2022 micro format 09-05-2024 2024-00085014
31-12-2021 micro format 09-05-2024 2024-00085012
31-12-2020 micro format 09-05-2024 2024-00085005
31-12-2019 micro format 01-12-2020 2020-73000595
31-12-2018 micro format 29-10-2019 2019-71600429
31-12-2017 micro format 31-08-2018 2018-61800113
31-12-2016 micro format 29-09-2017 2017-65100236
31-12-2015 abbreviated format 31-08-2016 2016-58400574
31-12-2014 full format 31-08-2015 2015-52800326
31-12-2013 full format 31-12-2014 2014-70900397

Show all 29 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 2 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

PROMASTER was incorporated on 19 November 1991.1 Total assets rose from €74,835 in 2018 to €154,165 in 2022 and headcount from 1.8 to 2 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2022

Acts, filings and financial milestones

2024
09-05
NBB filing Annual accounts filed
financial year 2022 · micro format · 283 days late
09-05
NBB filing Annual accounts filed
financial year 2021 · micro format · 648 days late
09-05
NBB filing Annual accounts filed
financial year 2020 · micro format · 1013 days late
2020
31-12
Financial Highest result from 2018 to 2022net €15,236 ▲100%
Operating result €20,105, net result €15,236, both a record.
01-12
NBB filing Annual accounts filed
financial year 2019 · micro format · 123 days late
2019
31-12
Financial Back to profitnet €7,606
Net result €7,606 after one loss-making year.
29-10
NBB filing Annual accounts filed
financial year 2018 · micro format · 90 days late
2018
31-08
NBB filing Annual accounts filed
financial year 2017 · micro format · 31 days late
2017
29-09
NBB filing Annual accounts filed
financial year 2016 · micro format · 60 days late
2016
31-08
NBB filing Annual accounts filed
financial year 2015 · abbreviated format · 31 days late
2015
31-08
NBB filing Annual accounts filed
financial year 2014 · full format · 31 days late
2014
31-12
NBB filing Annual accounts filed
financial year 2013 · full format · 153 days late
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 29 annual accounts filed, the latest 10 are here; all 29 are under Financials.
0 of 2 deeds read
About the unread acts

We know of 2 Belgian Official 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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Register details

Identification
Legal formPrivate limited company (pre-2019)
Founded19-11-1991
Financial year end31-12
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

What can you do?

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 24 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Machelen (Brab.) · 1 establishment unit since 1991
registered office establishment The establishment unit on the map
Ground area
313 m²
Building footprint
155 m²
Building volume
937 m³
Parcel 23015B0265/00N002, Flanders · tallest building 12.7 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Sint-Katarinastraat 48, 1831 Machelen (Brab.)
Site preparation
since 1991unit no. 2.055.400.009
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
23015B0265/00N002 Flanders 313 m² 1 · 155 m² 12.7 m · 1
How the parcels are linked
Good to know
The parcel matches the address exactly.