PROMOVER
ActiveSummary
PROMOVER has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.7m and a net result of -€66,726. Equity remains stable across the filed fiscal years (±2.5% per year). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability47▼-30
Solvency99▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 10.3 against 5.67 in 2023; short-term debt: 2% and cash: 3.1% of total assets), and 26.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
73.6%
Return on assets
-3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 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 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
69 d late
2022
7 d late
2021
4 d early
2020
33 d early
2019
20 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 15 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€1.7m▼ 3.9%
2023 · €1.7m
Total assets
€2.2m▲ 9.7%
2023 · €2.0m
Net result
-€66,726
2023 · €141,847
Working capital
€426,679▼ 27.7%
2023 · €590,158
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€44,260▲ 52.3%-€8,510€166,793€199,141▲ 19.4%-€51,526
Net result€29,267▲ 35.8%-€16,297€117,312€141,847▲ 20.9%-€66,726
Equity€1.5m▲ 1.0%€1.5m▼ 1.1%€1.6m▲ 8.0%€1.7m▲ 9.0%€1.7m▼ 3.9%
Total assets€1.8m▲ 1.1%€1.9m▲ 2.4%€2.0m▲ 5.8%€2.0m▲ 4.4%€2.2m▲ 9.7%
Debt€302,248▲ 2.4%€363,864▲ 20.4%€313,367▼ 13.9%€208,232▼ 33.6%€471,011▲ 126%
Working capital-€140,554-€161,018▼ 14.6%€223,252€590,158▲ 164%€426,679▼ 27.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €51,526 after €199,141 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.2m
Fixed assets
€1.8m ▲ 33.3%
Current assets
€472,562 ▼ 34.0%
Equity and liabilities €2.2m
Equity
€1.7m ▼ 3.9%
Provisions
€121,724 ▲ 1.9%
Debt
€471,011 ▲ 126%
Debt's share of the balance-sheet total rises from 10.2% to 21.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€98,112▼
2023 · €273,030
Cash flow
€82,912▼
2023 · €215,736
Current ratio
10.30▲
2023 · 5.67
Debt to equity
0.29▲
2023 · 0.12
ROE
-4.0%▼
2023 · 8.3%
ROA
-3.0%▼
2023 · 6.9%
Interest coverage
3.90▼
2023 · 28.91
Debt ≤ 1 year
€45,882▼
2023 · €126,356
Debt > 1 year
€422,751▲
2023 · €77,485
Income taxes
€128▼
2023 · €243
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,611 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1 | €170,467 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €89,664 | €107,203 | €91,082 | €73,889 | €149,638 | ▲ 103% |
| Other operating charges640/8 | - | €21,564 | €20,608 | €2,030 | €1,589 | ▼ 21.7% |
| Gross operating margin9900 | €151,378 | €120,258 | €278,482 | €275,060 | €99,701 | ▼ 63.8% |
| Operating profit (loss)9901 | €44,260 | -€8,510 | €166,793 | €199,141 | -€51,526 | ▼ 126% |
| Financial income75/76B | - | - | €38 | €947 | €12,361 | ▲ 1,205% |
| Recurring financial income75 | €0 | - | €38 | €947 | €12,361 | ▲ 1,205% |
| Financial charges65/66B | - | €9,844 | €8,751 | €9,446 | €25,183 | ▲ 167% |
| Recurring financial charges65 | €8,478 | €9,844 | €8,751 | €9,446 | €25,183 | ▲ 167% |
| Profit (loss) for the period before taxes9903 | €35,782 | -€18,354 | €158,079 | €190,643 | -€64,348 | ▼ 134% |
| Transfer from deferred taxes780 | - | €1,937 | €1,937 | €1,937 | €1,937 | = |
| Transfer to deferred taxes680 | - | - | €42,595 | €50,490 | €4,188 | ▼ 91.7% |
| Income taxes67/77 | €8,451 | -€121 | €109 | €243 | €128 | ▼ 47.3% |
| Profit (loss) for the period9904 | €29,267 | -€16,297 | €117,312 | €141,847 | -€66,726 | ▼ 147% |
| Transfer from tax-exempt reserves789 | - | €3,761 | €3,761 | €3,761 | €3,761 | = |
| Transfer to tax-exempt reserves689 | - | - | €127,785 | €151,471 | €12,563 | ▼ 91.7% |
| Profit (loss) for the period to be appropriated9905 | €33,028 | -€12,536 | -€6,711 | -€5,863 | -€75,528 | ▼ 1,188% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.9m | €2.0m | €2.0m | €2.2m | ▲ 9.7% |
| Fixed assets21/28 | €1.8m | €1.8m | €1.6m | €1.3m | €1.8m | ▲ 33.3% |
| Tangible fixed assets22/27 | €1.8m | €1.8m | €1.6m | €1.3m | €1.8m | ▲ 33.3% |
| Land and buildings22 | - | €1.8m | €1.5m | €1.3m | €1.7m | ▲ 34.9% |
| Plant, machinery and equipment23 | - | €3,735 | €4,510 | €3,091 | €2,172 | ▼ 29.7% |
| Furniture and vehicles24 | - | €43,293 | €39,774 | €60,676 | €53,284 | ▼ 12.2% |
| Other tangible fixed assets26 | - | €7,315 | €936 | €468 | €0 | ▼ 100% |
| Assets under construction and advance payments27 | - | - | - | €13,108 | €27,944 | ▲ 113% |
| Current assets29/58 | €12,102 | €10,762 | €404,151 | €716,514 | €472,562 | ▼ 34.0% |
| Amounts receivable within one year40/41 | - | €8,000 | - | €97,936 | €100,043 | ▲ 2.2% |
| Other amounts receivable41 | - | €8,000 | - | €97,936 | €100,043 | ▲ 2.2% |
| Current investments50/53 | - | - | - | €193,658 | €298,790 | ▲ 54.3% |
| Cash at bank and in hand54/58 | €12,102 | €2,762 | €402,928 | €424,919 | €70,118 | ▼ 83.5% |
| Deferred charges and accrued income490/1 | - | - | €1,224 | - | €3,611 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.9m | €2.0m | €2.0m | €2.2m | ▲ 9.7% |
| Equity10/15 | €1.5m | €1.5m | €1.6m | €1.7m | €1.7m | ▼ 3.9% |
| Contributions10/11 | €780,379 | €780,379 | €780,379 | €780,379 | €780,379 | = |
| Outside capital11 | - | €780,379 | €780,379 | - | - | - |
| Other1109/19 | - | €780,379 | €780,379 | - | - | - |
| Reserves13 | €693,573 | €677,276 | €794,589 | €942,299 | €362,699 | ▼ 61.5% |
| Tax-exempt reserves132 | - | €64,136 | €188,159 | €335,869 | €344,671 | ▲ 2.6% |
| Distributable reserves133 | - | €613,141 | €606,429 | €606,429 | €18,028 | ▼ 97.0% |
| Profit (loss) carried forward14 | - | - | - | -€5,863 | €507,010 | ▲ 8,748% |
| Provisions and deferred taxes16 | €32,198 | €30,261 | €70,919 | €119,473 | €121,724 | ▲ 1.9% |
| Deferred taxes168 | - | €30,261 | €70,919 | €119,473 | €121,724 | ▲ 1.9% |
| Amounts payable17/49 | €302,248 | €363,864 | €313,367 | €208,232 | €471,011 | ▲ 126% |
| Amounts payable after more than one year17 | €141,916 | €175,076 | €117,673 | €77,485 | €422,751 | ▲ 446% |
| Financial debts170/4 | - | €175,076 | €117,673 | €77,485 | €421,651 | ▲ 444% |
| Other amounts payable178/9 | - | - | - | - | €1,100 | - |
| Amounts payable within one year42/48 | €152,655 | €171,780 | €180,899 | €126,356 | €45,882 | ▼ 63.7% |
| Current portion of amounts payable after more than one year42 | - | €63,372 | €61,976 | €53,722 | €30,055 | ▼ 44.1% |
| Trade debts44 | €211 | €17,565 | €7,622 | €6,208 | €1,473 | ▼ 76.3% |
| Suppliers440/4 | - | €17,565 | €7,622 | €6,208 | €1,473 | ▼ 76.3% |
| Taxes, remuneration and social security45 | - | €1,050 | €1,575 | €1,575 | €3,150 | ▲ 100% |
| Taxes450/3 | - | €1,050 | €1,575 | €1,575 | €3,150 | ▲ 100% |
| Other amounts payable47/48 | - | €89,793 | €109,726 | €64,850 | €11,205 | ▼ 82.7% |
| Accrued charges and deferred income492/3 | - | €17,008 | €14,795 | €4,392 | €2,378 | ▼ 45.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,267 | -€16,297 | €117,312 | €141,847 | -€66,726 | ▼ 147% |
| + Depreciation and write-downs630 | €89,664 | €107,203 | €91,082 | €73,889 | €149,638 | ▲ 103% |
| Operating cash flow (approximation) | €118,931 | €90,906 | €208,394 | €215,736 | €82,912 | ▼ 61.6% |
| Investment in fixed assets (approximation) | - | -€151,925 | €194,834 | €153,208 | -€591,893 | ▼ 486% |
| Change in cash | - | -€9,340 | €400,166 | €21,991 | -€354,802 | ▼ 1,713% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet -€66,726
Net result drops to -€66,726, the lowest in the series.
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
31-12
Financial
Highest result since 2018net €141,847 ▲20.9%
Operating result €199,141, net result €141,847, both a record.
31-12
Financial
Liquidity triplescurrent ratio 5.67
Current ratio from 2.23 to 5.67; short-term debt falls from €180,899 to €126,356.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
31-12
Financial
Back to profitnet €117,312
Net result €117,312 after one loss-making year.
31-12
Financial
Liquidity times 36current ratio 2.23
Current ratio from 0.06 to 2.23.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
Show earlier events
22-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 206 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State 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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Directors · office · real estate
Directors
8 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, Vilvoorde · 1 establishment unit since 1995
Ground area
219 m²
Building footprint
172 m²
Volume, LiDAR
1,776 m³
Parcel 23643G0464/00N007, Flanders · tallest building 12.5 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Blockxstraat (Jan) 40, 1800 Vilvoorde
since 19952.073.825.950
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23643G0464/00N007 | Flanders | 219 m² | 1 · 171 m² | 12.5 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded13-10-1995
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456265234
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.