Equity
€51,702 ▲ 26.9%
PROPA paid out €20,000 in dividends. That is 65% of the 2025 profit.
PROPA
Lifetime
18 annual accounts with figures on one time axis, 19 filings since 2005peak €222,684 (2025)
€222,684▲ 11.1%
lowest -€18,635 (2018)
€30,951▲ 27.4%
peak €51,702 (2025)
€51,702▲ 26.9%
€132,787▼ 55.0%
peak 4 FTE (2019)
-not published
Documentsfilings and deeds
28-12-202534 days before the deadline
2025micro format
Result from €24,293 to €30,951Dividend €20,000Equity from €40,751 to €51,702Debts from €294,940 to €132,787Cash from €22,789 to €59,693
Key points
from the 2025 annual accountsTurnover
≈ €560,000 estimated
The micro format states no turnover.
Debts
€132,787 72% of the balance sheet
Financial debts 17%Suppliers 6%Taxes and wages 33%Other 45%
Of this, €110,619 falls due within a year.
Investments
€41,749 1.7 × depreciation
Green is investment, beige is depreciation.
Staff
5 employees on 30-06-2025
In 2025, 8 people joined and 8 left.
Filings
19 annual accounts since 2005
Six of the last ten came late. The 2020 accounts came latest: 25 days after the end of the period.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,819 companies had the same profile as PROPA has now. Each dot stands for 10 companies, two years later.
95.1%
were still trading
3.7%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,819 companies, not a prediction for PROPA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0873293869
Amendment of the articles · Legal-form change · Resignations & appointments
Gazette deed
Purpose change · Amendment of the articles
“nouvel objet social statutaire” (deed in French) · General meeting of 21-06-2016 · Gazette deed
New establishment in Lasne
Rue de l'Abbaye 8A
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PROPA Ixelles | - | - | 28.0% | - |
| Auguste Orts Anderlecht | €53,281 | -11.8% | 45.9% | - |
| MAI Ixelles | - | - | 44.8% | - |
| 0090 Antwerp | - | - | 66.5% | 3.1 |
| MESTIZO ARTS PLATFORM Antwerp | - | - | 63.6% | - |
| KUNSTHAL EXTRA CITY Antwerp | €59,436 | -80.9% | 59.3% | - |
| Compagnie Tartaren Leuven | €84,852 | -55.8% | 60.9% | - |
These companies have the same main activity as PROPA: promotion and organisation of arts and performing arts events (NACE 90391). They are comparable in size and age: total assets between €128,000 and €274,000, founded between 2003 and 2009.
Official details
Source: KBO- Status
- Active since 19-04-2005Normal situation
- Activity
- Promotion and organisation of arts and performing arts eventsNACE 90391and 1 other
- Establishment units
- 2.155.409.7791050 Ixelles, since 03-08-2006
- 2.237.401.1091380 Lasne, since 16-12-2014
- Financial year end
- 30 June
- Peppol
- Reachable since 30-01-2026
Annual accounts to 30-06-2025
- €184,489▼ 45.0%
- Employeeson 30-06-2025
- 5=
- Filing
- Filed on 28-12-2025, 34 days before the end of the filing period
Insights on PROPA
PROPA files the micro format. That format states no turnover. The gross margin rose from €3,833 in 2007 to €222,684 in 2025.
The balance sheet grew most from 2016 to 2018 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PROPA
- What is the company number of PROPA?
- The company number of PROPA is 0873.293.869. The VAT number is the same number with BE in front: BE 0873.293.869.
- Where is PROPA based?
- The registered office is at César Franckstraat 23, 1050 Ixelles.Company details
- What does PROPA do?
- According to the KBO register, the main activity is promotion and organisation of arts and performing arts events (NACE 90391).
- What is the legal form of PROPA?
- PROPA is a private limited company (BV).
- When was PROPA founded?
- PROPA was founded on 19-04-2005.
- Is PROPA still active?
- Yes, PROPA is an active enterprise in the KBO register.
- How many employees does PROPA have?
- PROPA had an average of 3.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of PROPA?
- The turnover in financial year 2025 is ≈ €560,000. This figure is estimated from the gross margin of €222,684 and 2,204 comparable companies of the same size. It probably lies between €370,000 and €860,000. It is a rough estimate. In financial year 2022 turnover was €300,623.
- Is PROPA profitable?
- In financial year 2025, PROPA made a profit of €30,951.
- Where can I find the annual accounts of PROPA?
- PROPA filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PROPA due?
- PROPA must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
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