PROMATECH GROUP
InactivePROMATECH GROUP was declared bankrupt on 18-03-2024 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 14-10-2025, published in the Belgian State Gazette on 07-11-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · 5 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 31 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
31 d late
2021
61 d late
2020
26 d late
2019
140 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
€1.36M▼ 49.7%
2021 · €2.71M
2018: €186k
2019: €718k
2020: €2.72M
2021: €2.71M
2018 → 2022
EBIT margin
-20.3%▼ 22.2pp
2021 · 2.0%
2018: 10.0%
2019: 8.2%
2020: 5.1%
2021: 2.0%
2018 → 2022
Net result
€-200k
2021 · €738
2018: €18k
2019: €49k
2020: €108k
2021: €738
2018 → 2022
Working capital
€81k▼ 69.9%
2021 · €270k
2018: €34k
2019: €62k
2020: €348k
2021: €270k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€186k-€718k▲ 285%€2.72M▲ 279%€2.71M▼ 0.7%€1.36M▼ 49.7%
Equity€37k-€86k▲ 134%€194k▲ 125%€125k▼ 35.7%€-75k
Operating result€19k-€59k▲ 216%€138k▲ 134%€53k▼ 61.5%€-276k
Net result€18k-€49k▲ 171%€108k▲ 118%€738▼ 99.3%€-200k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €276k after €53k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €385k
Fixed assets
€45k ▼ 48.5%
Current assets
€339k ▼ 52.9%
Key figures and ratios
EBITDA
€-269k▼
2021 · €74k
Cash flow
€-193k▼
2021 · €21k
Solvency
-19.6%▼
2021 · 15.4%
Current ratio
1.31▼
2021 · 1.60
Debt to equity
-6.11▼
2021 · 5.47
ROA
-52.0%▼
2021 · 0.1%
Interest coverage
-19.07▼
2021 · 3.36
Debt
€460k▼
2021 · €683k
Debt ≤ 1 year
€258k▼
2021 · €451k
Debt > 1 year
€202k▼
2021 · €233k
Income taxes
€-7k▼
2021 · €34k
Staff costs
€398k▲
2021 · €373k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 60 lines
Balance sheet
Code20212022
Assets
Total assets20/58€808k€385k▼
Fixed assets21/28€87k€45k▼
Tangible fixed assets22/27€64k€22k▼
Plant, machinery and equipment23€9k€4k▼
Furniture and vehicles24€32k€4k▼
Leasing and similar rights25€8k-
Other tangible fixed assets26€15k€13k▼
Financial fixed assets28€23k€23k=
Current assets29/58€721k€339k▼
Stocks and contracts in progress3€181k-
Stocks30/36€121k-
Contracts in progress37€61k-
Amounts receivable within one year40/41€416k€330k▼
Trade receivables40€393k€322k▼
Other amounts receivable41€24k€8k▼
Cash at bank and in hand54/58€123k€9k▼
Equity and liabilities
Total equity and liabilities10/49€808k€385k▼
Equity10/15€125k€-75k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€104k€-96k▼
Amounts payable17/49€683k€460k▼
Amounts payable after more than one year17€233k€202k▼
Financial debts170/4€233k€202k▼
Amounts payable within one year42/48€451k€258k▼
Current portion of amounts payable after more than one year42€32k€32k▼
Financial debts43-€18k
Credit institutions430/8-€18k
Trade debts44€389k€78k▼
Suppliers440/4€389k€78k▼
Taxes, remuneration and social security45€24k€73k▲
Taxes450/3€11k€17k▲
Remuneration and social security454/9€14k€56k▲
Other amounts payable47/48€6k€57k▲
Income statement
Code20212022
Turnover70€2.71M€1.36M▼
Goods, raw materials, services and sundry goods60/61€2.24M€1.18M▼
Remuneration, social security and pensions62€373k€398k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€7k▼
Other operating charges640/8€20k€13k▼
Non-recurring operating charges66A€16k€1▼
Gross operating margin9900€483k€142k▼
Operating profit (loss)9901€53k€-276k▼
Financial income75/76B€3k€83k▲
Recurring financial income75€3k€5▼
Non-recurring financial income76B-€83k
Financial charges65/66B€22k€14k▼
Recurring financial charges65€22k€14k▼
Profit (loss) for the period before taxes9903€34k€-207k▼
Income taxes67/77€34k€-7k▼
Profit (loss) for the period9904€738€-200k▼
Profit (loss) for the period to be appropriated9905€738€-200k▼
Appropriation of the result
Profit (loss) to be appropriated9906€174k€-96k▼
Profit (loss) brought forward from the previous period14P€174k€104k▼
Profit to be distributed694/7€70k-
Return on contributions (dividend)694€70k-
Social balance
Average headcount (FTE)908714.014.0=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · PROMATECH GROUP SRL BOULEVARD DE L’EMPEREUR 10, 1000 BRUXELLES. déclarée le 18 mars 2024 · event 14-10-2025
2024
25-03
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · PROMATECH GROUP SRL BOULE- VARD DE L’EMPEREUR 10, 1000 BRUXELLES · event 18-03-2024
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-200k ▼27232%
Net result drops to €-200k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
31-12
Financial
Highest result since 2018net €108k ▲118%
Operating result €138k, net result €108k, both a record.
31-12
Financial
Equity above €150kEq €194k ▲125%
3 profitable years in a row build equity to €194k.
13-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 acts for this company are 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CLAIRE VAN DE VELDE AVENUE DE FRE 229,
1180 UCCLE |
18-03-2024 → 14-10-2025 |