PROPELLO

Active

Private limited companyfounded 20241 yr activeGrote Baan 18, 3511 Hasselt, BelgiumKBO/BCE: BE 1014.087.785

PROPELLO has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €8k and a net result of €5k. Its solvency ranks better than 17% of 20787 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2024

68 / 100

Healthy

The score combines four axes. Every signal that weighs is under Signals.

Axes

Profitability100

Solvency27

Growth-

Stability67

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity tight (current ratio 1.12), and 81% 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.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Sector 62

lower

← fewer bankruptcies more bankruptcies →

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

19%

Return on assets

12.2%

Age of the figures

20 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 20787 sector peers (2024).

NBB · sector comparison

Position among 20787 sector peers

Solvency

better than 17%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2025, 8 days ahead of the deadline.

NBB · 1 filing

Deviation from the deadline

2024

8 d early

← 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

€8k

Total assets

€44k

Net result

€5k

Working capital

€2k

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

Balance-sheet composition

Assets €44k

51.8%

48.2%

Fixed assets €23k

Current assets €21k

Equity and liabilities €44k

19.0%

81.0%

Equity €8k

Debt €36k

Debt finances 81.0% of the balance-sheet total.

Key figures and ratios

2024 value

EBITDA

€8k

Cash flow

€6k

Solvency

19.0%

Current ratio

1.12

Quick ratio

1.12

Debt / equity

4.27

ROE

64.2%

ROA

12.2%

Interest coverage

23.43

Debt

€36k

Debt ≤ 1 year

€19k

Debt > 1 year

€16k

Income taxes

€2k

Filed annual accounts

As filed with the NBB · 2024

Balance sheet Code2024

Assets

Total assets20/58€44k

Fixed assets21/28€23k

Tangible fixed assets22/27€23k

Furniture and vehicles24€23k

Current assets29/58€21k

Amounts receivable within one year40/41€10k

Trade receivables40€10k

Cash at bank and in hand54/58€11k

Deferred charges and accrued income490/1€238

Equity and liabilities

Total equity and liabilities10/49€44k

Equity10/15€8k

Contributions10/11€3k

Reserves13€5k

Distributable reserves133€5k

Amounts payable17/49€36k

Amounts payable after more than one year17€16k

Financial debts170/4€16k

Amounts payable within one year42/48€19k

Current portion of amounts payable after more than one year42€5k

Trade debts44€707

Suppliers440/4€707

Taxes, remuneration and social security45€7k

Taxes450/3€5k

Remuneration and social security454/9€2k

Other amounts payable47/48€6k

Accrued charges and deferred income492/3€1k

Income statement Code2024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€885

Other operating charges640/8€186

Gross operating margin9900€8k

Operating profit (loss)9901€7k

Financial charges65/66B€346

Recurring financial charges65€346

Profit (loss) for the period before taxes9903€7k

Income taxes67/77€2k

Profit (loss) for the period9904€5k

Profit (loss) for the period to be appropriated9905€5k

Appropriation of the result

Profit (loss) to be appropriated9906€5k

Transfer to equity691/2€5k

To other reserves6921€5k

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

Download as CSV

Timeline · acts, filings and financial milestones

All 1Filings 1

2025

23-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

NBB filing

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, Hasselt · 1 establishment unit since 2024

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.

Grote Baan 183511 Hasselt

Ground area

669 m²

Building footprint

202 m²

Volume, LiDAR

1,157 m³

Parcel 71483C0023/00F000, Flanders · tallest building 15.5 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

PROPELLO

Grote Baan 18, 3511 HasseltManufacture of rubber and plastic products

since 20242.364.599.979

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71483C0023/00F000	Flanders	669 m²	1 · 202 m²	15.5 m · 2 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.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 1,350 EUR awarded · 1,350 EUR paid

Year	Entries	awarded	paid
2025	1	1,350 EUR	1,350 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 1,350 EUR · 1,350 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Wezembeek-Oppem · Eq €8k

UGO

BE 0742.854.209

Sint-Truiden · Eq €8k

Graytitude Mainframe Solutions

BE 0779.443.104

Zonhoven · Eq €8k

Of 29,885 companies in sector 62200 we hold annual accounts for 18,322. 8,606 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded25-09-2024

Fiscal year end31-12

Activities, NACEBEL

62020IT consultancy

62200Computer consultancy and computer facilities management

62030Computer programming, consultancy and related activities

63100Computing infrastructure, data processing, hosting and related activities

63110Computing infrastructure, data processing, hosting and other information service activities

82990Other business support services

Sources

Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.