PROMAT DISTRIBUTION

Active

Private limited companyfounded 20223 yrs activeStalingradlaan 52, 1000 Brussel, BelgiumKBO/BCE: BE 0792.521.969

The computed 12-month bankruptcy probability of PROMAT DISTRIBUTION is 3.1% (moderate). The 2024 annual accounts show equity of €131k and a net result of €59k. Its solvency ranks better than 25% of 15870 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

40 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability72▲+1

Solvency31▲+3

Growth78

Track record94

Bankruptcy probability, 12 months

3.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days only on tighter terms

Liquidity tight (current ratio 1.03 against 1.02 in 2023; short-term debt: 91.9% and cash: 2.5% of total assets), and 93.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 15870 sector peers (2024).

NBB · sector comparison

Position among 15870 sector peers

Solvency

better than 25%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 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 · 2 filings

Deviation from the deadline

2025

not confirmed

2024

49 d late

2023

87 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€131k▲ 112%

2023 · €62k

2023: €62k

2023 → 2024

Total assets

€2.03M▼ 8.2%

2023 · €2.21M

2023: €2.21M

2023 → 2024

Net result

€59k▲ 86.0%

2023 · €32k

2023: €32k

2023 → 2024

Working capital

€53k▲ 6.1%

2023 · €50k

2023: €50k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€62k-€131k▲ 112%

Operating result€46k-€64k▲ 38.3%

Net result€32k-€59k▲ 86.0%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2024; 2024 is 38% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €2.03M

94.5%

Fixed assets €112k▲ 865%

Current assets €1.92M▼ 12.8%

Equity and liabilities €2.03M

93.5%

Equity €131k▲ 112%

Debt €1.90M▼ 11.6%

The debt ratio falls from 97.2% to 93.5%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€86k▲

2023 · €51k

Cash flow

€82k▲

2023 · €37k

Solvency

6.5%▲

2023 · 2.8%

Current ratio

1.03▲

2023 · 1.02

Quick ratio

0.23▼

2023 · 0.59

Debt / equity

14.43▼

2023 · 34.64

ROE

45.2%▼

2023 · 51.6%

ROA

2.9%▲

2023 · 1.4%

Interest coverage

21.85▼

2023 · 197.28

Debt

€1.90M▼

2023 · €2.15M

Debt ≤ 1 year

€1.86M▼

2023 · €2.15M

Debt > 1 year

€34k

Income taxes

€312▼

2023 · €14k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€2.21M€2.03M▼

Fixed assets21/28€12k€112k▲

Tangible fixed assets22/27€12k€112k▲

Plant, machinery and equipment23€967€504▼

Furniture and vehicles24€11k€89k▲

Leasing and similar rights25-€22k

Current assets29/58€2.20M€1.92M▼

Stocks and contracts in progress3€941k€1.49M▲

Stocks30/36€941k€1.49M▲

Amounts receivable within one year40/41€1.18M€375k▼

Trade receivables40€1.14M€313k▼

Other amounts receivable41€33k€62k▲

Cash at bank and in hand54/58€79k€50k▼

Equity and liabilities

Total equity and liabilities10/49€2.21M€2.03M▼

Equity10/15€62k€131k▲

Contributions10/11€30k€40k▲

Profit (loss) carried forward14€32k€91k▲

Amounts payable17/49€2.15M€1.90M▼

Amounts payable after more than one year17-€34k

Financial debts170/4-€34k

Amounts payable within one year42/48€2.15M€1.86M▼

Current portion of amounts payable after more than one year42-€18k

Trade debts44€1.83M€1.44M▼

Suppliers440/4€1.83M€1.44M▼

Advances received on contracts in progress46€52k-

Taxes, remuneration and social security45€269k€218k▼

Taxes450/3€269k€218k▼

Other amounts payable47/48-€189k

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€23k▲

Other operating charges640/8€23k€30k▲

Gross operating margin9900€74k€116k▲

Operating profit (loss)9901€46k€64k▲

Financial income75/76B€151€3▼

Recurring financial income75€151€3▼

Financial charges65/66B€258€4k▲

Recurring financial charges65€258€4k▲

Profit (loss) for the period before taxes9903€46k€60k▲

Income taxes67/77€14k€312▼

Profit (loss) for the period9904€32k€59k▲

Profit (loss) for the period to be appropriated9905€32k€59k▲

Appropriation of the result

Profit (loss) to be appropriated9906€32k€91k▲

Profit (loss) brought forward from the previous period14P-€32k

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

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Timeline · acts, filings and financial milestones

All 3Financial 1Filings 2

2025

18-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 49 days late

2024

31-12

Financial Equity above €100kEq €131k ▲112%

2 profitable years in a row build equity to €131k.

26-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 87 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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

Registered office, Brussel · 1 establishment unit since 2022

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Stalingradlaan 521000 Brussel

Ground area

336 m²

Building footprint

340 m²

Volume, LiDAR

4,175 m³

Parcel 21809K0170/02B005, Brussels · tallest building 21.1 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

PROMAT DISTRIBUTION

Stalingradlaan 52, 1000 BrusselPlumbing work

since 20222.337.167.884

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21809K0170/02B005	Brussels	336 m²	1 · 340 m²	21.1 m · 5 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Leuze-en-Hainaut · Eq €133k

PLP COATINGS

BE 0820.950.194

Tessenderlo-Ham · Eq €128k

Of 230 companies in sector 46833 we hold annual accounts for 143. 102 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded17-10-2022

Fiscal year end31-12

Activities, NACEBEL

43995Specialised construction activities

46833Wholesale trade

46836Wholesale trade

43212Electrical installation work in industrial facilities

43221Plumbing work

43230Insulation installation

43291Specialised construction activities

43990Other specialised construction activities

43999Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.