PROMOMED

Bankruptcy

Public limited companyfounded 1998Rue Georges Cosse, ZI, Nov. 20, 5380 Fernelmont, BelgiumKBO/BCE: BE 0464.089.768

The KBO register records for PROMOMED the legal situation: open bankruptcy (code 050); this is today's state according to the register itself, which carries no start date. The 2014 annual accounts show equity of €1.12M and a net result of €-733k.

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Signals

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

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Filed after the deadline

The financial year that closed on 31-12-2014 was due by 31-07-2015 and was filed on 31-08-2015, 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← 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 2014, full schema

Turnover

€21.65M▲ 77.7%

2013 · €12.19M

2012: €8.44M 2013: €12.19M

2012 → 2014

EBIT margin

-1.8%▼ 5.8pp

2013 · 4.0%

2012: 4.6% 2013: 4.0%

2012 → 2014

Net result

€-733k

2013 · €100k

2010: €-7k 2011: €-39k 2012: €68k 2013: €100k

2010 → 2014

Working capital

€8.32M

2013 · €-239k

2010: €481k 2011: €-115k 2012: €-1.48M 2013: €-239k

2010 → 2014

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20102011201220132014Trend

Turnover€8.44M€12.19M▲ 44.4%€21.65M▲ 77.7%

Equity€454k-€436k▼ 4.0%€783k▲ 79.6%€1.67M▲ 114%€1.12M▼ 33.3%

Operating result€58k-€162k▲ 178%€388k▲ 139%€482k▲ 24.2%€-395k

Net result€-7k-€-39k▼ 487%€68k€100k▲ 47.9%€-733k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2014: a loss of €395k after €482k in 2013, the lowest year so far.

Balance-sheet composition

2014 in colour, 2013 as the grey bar beneath

Assets €25.51M

18.7%

81.3%

Fixed assets €4.78M▲ 24.1%

Current assets €20.73M▲ 152%

Equity and liabilities €25.51M

95.6%

Equity €1.12M▼ 33.3%

Debt €24.39M▲ 135%

The debt ratio rises from 86.1% to 95.6%: debt grows while equity shrinks.

Key figures and ratios

2014 value · change against 2013

EBITDA

€149k▼

2013 · €911k

Cash flow

€-189k▼

2013 · €530k

Solvency

4.4%▼

2013 · 13.9%

Current ratio

1.67▲

2013 · 0.97

Quick ratio

1.67▲

2013 · 0.97

Debt / equity

5.82▲

2013 · 1.15

ROE

-65.7%▼

2013 · 6.0%

ROA

-2.9%▼

2013 · 0.8%

Interest coverage

0.58▼

2013 · 3.95

Debt

€24.39M▲

2013 · €10.39M

Debt ≤ 1 year

€12.41M▲

2013 · €8.45M

Debt > 1 year

€6.49M▲

2013 · €1.92M

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 · 2014 against 2013

Balance sheet Code20132014

Assets

Total assets20/58€12.06M€25.51M▲

Formation expenses20€56k€61k▲

Fixed assets21/28€3.85M€4.78M▲

Intangible fixed assets21€1.14M€1.69M▲

Tangible fixed assets22/27€1.98M€1.95M▼

Financial fixed assets28€675k€1.08M▲

Current assets29/58€8.22M€20.73M▲

Stocks and contracts in progress3€14k€73k▲

Amounts receivable within one year40/41€7.77M€20.30M▲

Cash at bank and in hand54/58€186k€199k▲

Equity and liabilities

Total equity and liabilities10/49€12.06M€25.51M▲

Equity10/15€1.67M€1.12M▼

Contributions10/11€1.55M€1.55M=

Reserves13€121k€121k=

Profit (loss) carried forward14€-49k€-557k▼

Amounts payable17/49€10.39M€24.39M▲

Amounts payable after more than one year17€1.92M€6.49M▲

Amounts payable within one year42/48€8.45M€12.41M▲

Trade debts44€2.76M€6.94M▲

Income statement Code20132014

Turnover70€12.19M€21.65M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€430k€544k▲

Operating profit (loss)9901€482k€-395k▼

Recurring financial income75€3k€3k▲

Recurring financial charges65€276k€321k▲

Debt charges650€231k€256k▲

Profit (loss) for the period before taxes9903€209k€-733k▼

Income taxes67/77€108k-

Profit (loss) for the period9904€100k€-733k▼

Profit (loss) for the period to be appropriated9905€100k€-733k▼

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Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2015

31-08

NBB filing Annual accounts filed

fiscal year 2014 · full schema · 31 days late

2014

31-12

Financial Weakest financial yearnet €-733k ▼831%

Net result drops to €-733k, the lowest in the series.

06-08

NBB filing Annual accounts filed

fiscal year 2013 · full schema · 6 days late

2013

31-12

Financial Highest result since 2010net €100k ▲47.9%

Operating result €482k, net result €100k, both a record.

31-12

Financial Equity above €1MEq €1.67M ▲114%

2 profitable years in a row build equity to €1.67M.

30-09

NBB filing Annual accounts filed

fiscal year 2012 · full schema · 61 days late

2012

31-12

Financial Back to profitnet €68k

Net result €68k after 2 loss-making years.

31-12

Financial Equity above €500kEq €783k ▲79.6%

Equity rises from €436k to €783k.

13-07

NBB filing Annual accounts filed

fiscal year 2011 · full schema

2011

29-07

NBB filing Annual accounts filed

fiscal year 2010 · full schema

2010

15-07

NBB filing Annual accounts filed

fiscal year 2009 · full schema

2009

31-08

NBB filing Annual accounts filed

fiscal year 2008 · full schema · 31 days late

2008

30-09

NBB filing Annual accounts filed

fiscal year 2007 · full schema · 61 days late

2007

14-09

NBB filing Annual accounts filed

fiscal year 2006 · full schema · 45 days late

2006

30-08

NBB filing Annual accounts filed

fiscal year 2005 · full schema · 30 days late

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

Directors · office · real estate

Directors

12 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

Registered office, Fernelmont · 3 establishment units since 1998

establishment approximate 2 of 3 establishment units 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.

Rue Georges Cosse, ZI, Nov. 205380 Fernelmont

Ground area

8,611 m²

Building footprint

3,458 m²

Volume, LiDAR

22,744 m³