PROPIUS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 28-01-2026 PDF all 17 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 16% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Mortgage mandates | €770,000 | €770,000 | - | €770,000 |
| Carrying value of the mortgaged assets | €797,686 | €767,409 | - | €714,352 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,117 | €40,605 | €37,079 | €33,566 | €30,277 | €27,317 | €25,741 | ▼ 5.8% |
| Other operating charges640/8 | - | - | - | €16,463 | €16,616 | €18,815 | €18,867 | ▲ 0.3% |
| Gross operating margin9900 | €114,425 | €118,304 | €117,932 | €115,439 | €115,249 | €124,124 | €134,807 | ▲ 8.6% |
| Operating profit (loss)9901 | €54,959 | €63,064 | €63,329 | €65,410 | €68,357 | €77,993 | €90,199 | ▲ 15.7% |
| Financial income75/76B | - | - | - | - | - | €1,473 | €2,932 | ▲ 99.1% |
| Recurring financial income75 | - | - | - | - | - | €1,473 | €2,932 | ▲ 99.1% |
| Financial charges65/66B | - | - | - | €6,503 | €5,391 | €4,266 | €4,339 | ▲ 1.7% |
| Recurring financial charges65 | €9,898 | €8,976 | €7,648 | €6,503 | €5,391 | €4,266 | €4,339 | ▲ 1.7% |
| Profit (loss) for the period before taxes9903 | €45,061 | €54,088 | €55,681 | €58,907 | €62,966 | €75,200 | €88,793 | ▲ 18.1% |
| Income taxes67/77 | €4,096 | €12,760 | €17,479 | €18,826 | €20,016 | €23,933 | €28,274 | ▲ 18.1% |
| Profit (loss) for the period9904 | €40,964 | €41,328 | €38,202 | €40,081 | €42,950 | €51,267 | €60,519 | ▲ 18.0% |
| Profit (loss) for the period to be appropriated9905 | €40,964 | €41,328 | €38,202 | €40,081 | €42,950 | €51,267 | €60,519 | ▲ 18.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €977,963 | €949,872 | €917,636 | €890,723 | €864,860 | €846,708 | €845,319 | ▼ 0.2% |
| Fixed assets21/28 | €904,753 | €864,148 | €831,251 | €797,686 | €767,409 | €740,092 | €714,352 | ▼ 3.5% |
| Tangible fixed assets22/27 | €904,753 | €864,148 | €831,251 | €797,686 | €767,409 | €740,092 | €714,352 | ▼ 3.5% |
| Land and buildings22 | - | - | - | €794,713 | €765,111 | €738,470 | €713,405 | ▼ 3.4% |
| Plant, machinery and equipment23 | - | - | - | €2,973 | €2,297 | €1,622 | €946 | ▼ 41.7% |
| Current assets29/58 | €73,210 | €85,724 | €86,385 | €93,037 | €97,452 | €106,616 | €130,968 | ▲ 22.8% |
| Amounts receivable within one year40/41 | - | €6,372 | €1,351 | €0 | - | - | - | - |
| Trade receivables40 | - | - | - | €0 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €0 | - | - | - | - |
| Current investments50/53 | - | - | - | - | - | €90,000 | €105,000 | ▲ 16.7% |
| Cash at bank and in hand54/58 | €73,210 | €79,352 | €85,034 | €93,037 | €97,452 | €16,616 | €25,968 | ▲ 56.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €977,963 | €949,872 | €917,636 | €890,723 | €864,860 | €846,708 | €845,319 | ▼ 0.2% |
| Equity10/15 | €383,974 | €425,301 | €463,503 | €503,585 | €546,532 | €597,799 | €617,354 | ▲ 3.3% |
| Contributions10/11 | €150,000 | €0 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €233,974 | €275,301 | €313,503 | €353,585 | €396,532 | €447,799 | €467,354 | ▲ 4.4% |
| Non-distributable reserves130/1 | - | - | - | €15,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €15,000 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €338,585 | €396,532 | €447,799 | €467,354 | ▲ 4.4% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | €0 | - |
| Amounts payable17/49 | €593,990 | €524,571 | €454,133 | €387,138 | €318,328 | €248,909 | €227,966 | ▼ 8.4% |
| Amounts payable after more than one year17 | €518,333 | €448,333 | €378,334 | €308,334 | €238,334 | €168,334 | €98,334 | ▼ 41.6% |
| Financial debts170/4 | - | - | - | €285,834 | €215,834 | €145,834 | €75,834 | ▼ 48.0% |
| Other amounts payable178/9 | - | - | - | €22,500 | €22,500 | €22,500 | €22,500 | = |
| Amounts payable within one year42/48 | €74,656 | €74,783 | €73,820 | €76,826 | €78,016 | €78,491 | €127,548 | ▲ 62.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €70,000 | €70,000 | €70,000 | €75,833 | ▲ 8.3% |
| Trade debts44 | €107 | €0 | - | - | - | - | €1,404 | - |
| Suppliers440/4 | - | - | - | - | - | - | €1,404 | - |
| Taxes, remuneration and social security45 | - | - | - | €6,826 | €8,016 | €8,491 | €11,394 | ▲ 34.2% |
| Taxes450/3 | - | - | - | €6,826 | €8,016 | €8,491 | €11,394 | ▲ 34.2% |
| Other amounts payable47/48 | - | - | - | - | - | - | €38,916 | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,979 | €1,979 | €2,085 | €2,085 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,964 | €41,328 | €38,202 | €40,081 | €42,950 | €51,267 | €60,519 | ▲ 18.0% |
| + Depreciation and write-downs630 | €45,117 | €40,605 | €37,079 | €33,566 | €30,277 | €27,317 | €25,741 | ▼ 5.8% |
| Operating cash flow (approximation) | €86,081 | €81,933 | €75,281 | €73,647 | €73,227 | €78,583 | €86,260 | ▲ 9.8% |
| Investment in fixed assets (approximation) | - | €0 | -€4,183 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €6,141 | €5,682 | €8,003 | €4,414 | -€80,836 | €9,352 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,811 companies had the same profile as PROPIUS has now. Two years later, 96.5% were still going and 0.3% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of PROPIUS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 17,811 companies, not a prediction for PROPIUS. 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.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 28-01-2026 | 2026-00019252 | |
| 30-06-2024 | micro format | 12-12-2024 | 2024-00618177 | |
| 30-06-2023 | micro format | 04-01-2024 | 2024-00543955 | |
| 30-06-2022 | micro format | 22-12-2022 | 2022-20543972 | |
| 30-06-2021 | micro format | 27-01-2022 | 2022-02300044 | |
| 30-06-2020 | micro format | 14-01-2021 | 2021-00900206 | |
| 30-06-2019 | micro format | 30-01-2020 | 2020-03000165 | |
| 30-06-2018 | micro format | 03-01-2019 | 2019-00200388 | |
| 30-06-2017 | micro format | 19-01-2018 | 2018-01800514 | |
| 30-06-2016 | abbreviated format | 02-02-2017 | 2017-03800505 |