PROPETOR
ActiveSummary
PROPETOR has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €446k and a net result of €-66k. Equity is shrinking by ~4.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability26▼-10
Solvency55▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 46.9; short-term debt: 2.1% and cash: 0.3% of total assets), but 69.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
30.3%
Return on assets
-4.5%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-66k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-08-2025, 14 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
14 d late
2023
on the day
2022
28 d early
2021
26 d late
2020
1 d early
2019
11 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-66k▼ 602%
2023 · €-9k
2018: €41k
2019: €44k
2020: €48k
2021: €1k
2022: €-116k
2023: €-9k
2018 → 2024
Working capital
€1.44M▼ 4.4%
2023 · €1.51M
2018: €-63k
2019: €-37k
2020: €-6k
2021: €7k
2022: €421k
2023: €1.51M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€637k-€638k▲ 0.2%€522k▼ 18.1%€513k▼ 1.8%€446k▼ 13.0%
Operating result€64k-€2k▼ 96.6%€-115k€35k€-18k
Net result€48k-€1k▼ 97.6%€-116k€-9k▲ 91.8%€-66k▼ 602%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €18k after €35k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €1.48M
Equity
€446k ▼ 13.0%
Debt
€1.03M ▲ 1.8%
Debt's share of the balance-sheet total rises from 66.3% to 69.7%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
46.90
Quick ratio
11.88▼
2023 · 32.01
Debt to equity
2.31▲
2023 · 1.97
ROE
-14.9%▼
2023 · -1.8%
ROA
-4.5%▼
2023 · -0.6%
Debt ≤ 1 year
€31k▲
2023 · €13k
Debt > 1 year
€998k=
2023 · €998k
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 · 2024 against 2023 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.52M€1.48M▼
Current assets29/58€1.52M€1.48M▼
Stocks and contracts in progress3€1.10M€1.10M=
Stocks30/36€1.10M€1.10M=
Amounts receivable within one year40/41€241k€364k▲
Other amounts receivable41€241k€364k▲
Cash at bank and in hand54/58€176k€4k▼
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.52M€1.48M▼
Equity10/15€513k€446k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€445k€378k▼
Amounts payable17/49€1.01M€1.03M▲
Amounts payable after more than one year17€998k€998k=
Financial debts170/4€998k€998k=
Amounts payable within one year42/48€13k€31k▲
Trade debts44€2k€240▼
Suppliers440/4€2k€240▼
Other amounts payable47/48€11k€31k▲
Accrued charges and deferred income492/3€172-
Income statement
Code20232024
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1k€-1k▼
Other operating charges640/8€21k€24k▲
Gross operating margin9900€58k€4k▼
Operating profit (loss)9901€35k€-18k▼
Financial income75/76B€8-
Recurring financial income75€8-
Financial charges65/66B€45k€48k▲
Recurring financial charges65€45k€48k▲
Profit (loss) for the period before taxes9903€-9k€-66k▼
Profit (loss) for the period9904€-9k€-66k▼
Profit (loss) for the period to be appropriated9905€-9k€-66k▼
Appropriation of the result
Profit (loss) to be appropriated9906€445k€378k▼
Profit (loss) brought forward from the previous period14P€454k€445k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 14 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity times 20current ratio 115.57
Current ratio from 5.82 to 115.57; short-term debt falls from €87k to €13k.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-116k ▼10083%
Net result drops to €-116k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Liquidity times 11current ratio 9.90
Current ratio from 0.93 to 9.90; short-term debt falls from €87k to €767.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €48k ▲10.1%
Operating result €64k, net result €48k, both a record.
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
23-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Lasne · 1 establishment unit since 1996
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.
Chaussée de Louvain 4791380 LasneGround area
6,236 m²
Building footprint
497 m²
Volume, LiDAR
4,137 m³
2 parcels, Brussels, Wallonia · tallest building 14.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Morgenlandstraat 50 5, 1040 Etterbeek
since 19962.078.799.278
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076G0029/00_000 | Wallonia | 3,635 m² | 1 · 297 m² | 11.6 m · 3 fl. |
| 21363B0464/00P018 | Brussels | 2,600 m² | 1 · 200 m² | 14.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-07-1996
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.