PROPOLIS
PROPOLIS has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.11M and a net result of €7k. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 63% of 6160 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
| Equity | €1.11M |
| Net result | €7k |
| Better than sector | 63% |
| Active | 50 yrs |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 41.4% | 24.8% | |
| Net result | €7k | €3k | |
| Equity | €1.11M | €14k | |
| Gross operating margin | €156k | €27k | |
| Total assets | €2.68M | €69k |
Figures by fiscal year and ratios
| Fiscal year | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | -44.7% | +14.7% | -35.5% | - |
| Net profit | -92.0% | +219.4% | - | - |
| Cash flow | -32.3% | +10.4% | -39.1% | - |
| Staff costs | - | - | - | - |
| Income taxes | -53.3% | +213.1% | +290.4% | - |
| Dividends | - | - | - | - |
| Total assets | +0.1% | -5.7% | -3.3% | - |
| Equity | +0.6% | +8.1% | +2.6% | - |
| Debt | -0.2% | -13.6% | -6.3% | - |
| of which ≤ 1y | +199.0% | -41.6% | -25.1% | - |
| of which > 1y | -3.1% | -8.4% | -2.6% | - |
| Working capital | -79.3% | +6.7% | +14.5% | - |
| Employees (FTE) | - | - | - | - |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 1.15 | 3.16 | 2.18 | 1.78 |
| Quick ratio | 1.15 | 3.16 | 2.18 | 1.78 |
| Working capital ratio | 4.1% | 19.6% | 17.4% | 14.7% |
| Solvency | 41.4% | 41.1% | 35.9% | 33.8% |
| Debt / equity | 1.38 | 1.39 | 1.74 | 1.91 |
| Long-term debt ratio | 0.63 | 0.66 | 0.78 | 0.82 |
| Interest coverage | 44.69 | 7.85 | 6.41 | 9.36 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 0.2% | 3.1% | 0.9% | 0.0% |
| ROE | 0.6% | 7.5% | 2.5% | 0.0% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €2.68M | €2.67M | €2.83M | €2.93M |
| Fixed assets | 21/28 | €1.84M | €1.91M | €1.93M | €1.95M |
| Tangible fixed assets | 22/27 | €1.84M | €1.91M | €1.93M | €1.95M |
| Current assets | 29/58 | €835k | €768k | €908k | €985k |
| Amounts receivable within one year | 40/41 | €647k | €654k | €701k | €745k |
| Cash & bank | 54/58 | €141k | €48k | €147k | €197k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.68M | €2.67M | €2.83M | €2.93M |
| Equity | 10/15 | €1.11M | €1.10M | €1.02M | €991k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €928k | €931k | €935k | €938k |
| Accumulated profits (losses) | 14 | €160k | €150k | €64k | €35k |
| Provisions & deferred taxes | 16 | €40k | €42k | €44k | €46k |
| Amounts payable | 17/49 | €1.53M | €1.53M | €1.77M | €1.89M |
| Amounts payable after one year | 17 | €701k | €723k | €789k | €810k |
| Amounts payable within one year | 42/48 | €726k | €243k | €416k | €555k |
| Trade debts payable within one year | 44 | €8k | €10k | €27k | €201k |
| Income statement | |||||
| Gross operating margin | 9900 | €156k | €235k | €374k | €378k |
| Operating result | 9901 | €-3k | €114k | €46k | €13k |
| Financial income | 75 | €22k | €23k | €19k | €22k |
| Financial charges | 65 | €3k | €32k | €34k | €36k |
| Result before taxes | 9903 | €16k | €105k | €32k | €-50 |
| Income taxes | 67/77 | €11k | €24k | €8k | €2k |
| Net result for the period | 9904 | €7k | €83k | €26k | €-225 |
| Result to be appropriated | 9905 | €10k | €86k | €29k | €3k |
| NACE primary | Day spas, saunas and steam baths(96230) |
| Legal form | Private limited company(610) |
| Incorporation | 09-01-1976 |
| Status | Active |
| Postal code | 9830 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064A0617/00D000 | Flanders | 142 m² | 1 · 166 m² | 9.5 m · 2 fl. |
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
02-02-2024 Discharge granted to the board
Technical details
{
"events": [
{
"kind": "decharge_pending",
"role": "zaakvoerder",
"person": null,
"reason": null,
"subkind": null,
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"statutory": null,
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"evidence_quote": "De algemene vergadering zal op de volgende jaarvergadering beslissen over de kwijting aan de ontslagnemende zaakvoerder voor de uitoefening van hun mandaat.",
"decharge_status": "pending_next_agm",
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},
{
"kind": "substantive_delegation",
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"name": "BALANS",
"address": "Kwadestraat 141A",
"country": "BE",
"legal_form": "BV"
},
"statutory": null,
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"evidence_quote": "De vennootschap, hier vertegenwoordigd door de bestuurder, verleent hierbij volmacht aan: Volmacht wordt verleend aan de besloten vennootschap BALANS, met zetel te 8800 Roeselare, Kwadestraat 141A; met recht alleen op te treden en met recht van in de plaatsstelling, teneinde al het nodige of nuttige",
"decharge_status": null,
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{
"kind": "correction",
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}
],
"notary": {
"name": "Christophe Delrive",
"firm_city": null,
"firm_name": null,
"office_city": "Gent",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-02-02",
"filing_date": "2024-01-31",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2023-12-29",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0416.011.818",
"name_full": "PROPOLIS",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Christophe Delrive",
"org_rep_person_name": null,
"person_role_at_subject": "notaris"
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad - 02/02/2024 - Annexes du Moniteur belge"
],
"corrected_publication_numac": null
}| Legal nameNL | PROPOLIS |