PROSAFCO
ActivePROSAFCO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.67M and a net result of €-102k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 34% of 545 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability33▼-7
Solvency52▼-7
Growth36▼-1
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €340k at 30 days acceptable
Liquidity ample (current ratio 1.77 against 2.33 in 2023; short-term debt: 38.2% and cash: 17.2% of total assets), but 72.5% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
lower
← fewer bankruptcies
more bankruptcies →
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
27.5%
Return on assets
-0.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
23 d early
2022
1 d late
2021
2 d early
2020
11 d early
2019
45 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€44.92M▼ 0.4%
2023 · €45.11M
2018: €37.15M
2019: €37.96M
2020: €39.64M
2021: €38.44M
2022: €40.66M
2023: €45.11M
2018 → 2024
EBIT margin
0.7%▼ 0.4pp
2023 · 1.1%
2018: 3.7%
2019: 3.2%
2020: 3.3%
2021: 2.4%
2022: 0.0%
2023: 1.1%
2018 → 2024
Net result
€-102k
2023 · €217k
2018: €948k
2019: €1.09M
2020: €633k
2021: €685k
2022: €4k
2023: €217k
2018 → 2024
Working capital
€6.10M▼ 17.8%
2023 · €7.42M
2018: €5.61M
2019: €6.99M
2020: €6.08M
2021: €6.67M
2022: €5.89M
2023: €7.42M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€39.64M-€38.44M▼ 3.0%€40.66M▲ 5.8%€45.11M▲ 10.9%€44.92M▼ 0.4%
Equity€6.27M-€5.55M▼ 11.4%€5.56M▲ 0.1%€5.77M▲ 3.9%€5.67M▼ 1.8%
Operating result€1.31M-€927k▼ 29.3%€-7k€489k€322k▼ 34.1%
Net result€633k-€685k▲ 8.2%€4k▼ 99.4%€217k▲ 5,243%€-102k
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 34% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €20.58M
Fixed assets
€6.60M▲ 63.3%
Current assets
€13.99M▲ 7.5%
Equity and liabilities €20.66M
Equity
€5.67M▼ 1.8%
Provisions
€109k▲ 19.5%
Debt
€14.88M▲ 31.7%
The debt ratio rises from 65.8% to 72.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.39M▼
2023 · €1.48M
Cash flow
€971k▼
2023 · €1.21M
Solvency
27.5%▼
2023 · 33.6%
Current ratio
1.77▼
2023 · 2.33
Quick ratio
0.71▼
2023 · 0.72
Debt / equity
2.62▲
2023 · 1.96
ROE
-1.8%▼
2023 · 3.8%
ROA
-0.5%▼
2023 · 1.3%
Interest coverage
1.76▼
2023 · 2.81
Debt
€14.88M▲
2023 · €11.29M
Debt ≤ 1 year
€7.89M▲
2023 · €5.59M
Debt > 1 year
€6.82M▲
2023 · €5.54M
Income taxes
€59k▼
2023 · €157k
Staff costs
€6.88M▲
2023 · €6.76M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€17.16M€20.66M▲
Formation expenses20€105k€72k▼
Fixed assets21/28€4.04M€6.60M▲
Intangible fixed assets21€2.18M€2.20M▲
Tangible fixed assets22/27€1.67M€1.74M▲
Plant, machinery and equipment23€354k€494k▲
Furniture and vehicles24€446k€498k▲
Other tangible fixed assets26€873k€746k▼
Financial fixed assets28€184k€2.65M▲
Affiliated companies280/1-€2.52M
Participating interests280-€2.52M
Other financial fixed assets284/8€184k€134k▼
Amounts receivable and cash guarantees285/8€184k€134k▼
Current assets29/58€13.01M€13.99M▲
Stocks and contracts in progress3€8.97M€8.41M▼
Stocks30/36€8.97M€8.41M▼
Goods purchased for resale34€8.86M€8.41M▼
Advance payments36€106k-
Amounts receivable within one year40/41€1.92M€1.79M▼
Trade receivables40€1.78M€1.54M▼
Other amounts receivable41€142k€248k▲
Cash at bank and in hand54/58€1.91M€3.55M▲
Deferred charges and accrued income490/1€212k€238k▲
Equity and liabilities
Total equity and liabilities10/49€17.16M€20.66M▲
Equity10/15€5.77M€5.67M▼
Contributions10/11€4.69M€4.69M=
Capital10€4.69M€4.69M=
Issued capital100€4.69M€4.69M=
Reserves13€195k€195k=
Non-distributable reserves130/1€195k€195k=
Legal reserve130€195k€195k=
Profit (loss) carried forward14€887k€785k▼
Provisions and deferred taxes16€92k€109k▲
Provisions for liabilities and charges160/5€92k€109k▲
Other liabilities and charges164/5€92k€109k▲
Amounts payable17/49€11.29M€14.88M▲
Amounts payable after more than one year17€5.54M€6.82M▲
Financial debts170/4€5.54M€6.82M▲
Credit institutions173€47k€47k=
Other loans174€5.49M€6.78M▲
Amounts payable within one year42/48€5.59M€7.89M▲
Trade debts44€4.00M€3.94M▼
Suppliers440/4€4.00M€3.94M▼
Taxes, remuneration and social security45€1.59M€1.46M▼
Taxes450/3€485k€408k▼
Remuneration and social security454/9€1.11M€1.05M▼
Other amounts payable47/48-€2.48M
Accrued charges and deferred income492/3€162k€169k▲
Income statement
Code20232024
Operating income70/76A€45.36M€45.13M▼
Turnover70€45.11M€44.92M▼
Other operating income74€253k€209k▼
Operating charges60/66A€44.87M€44.80M▼
Goods for resale, raw materials and consumables60€30.47M€30.39M▼
Purchases600/8€30.87M€30.11M▼
Change in stocks: decrease (increase)609€-407k€276k▲
Services and other goods61€5.98M€6.04M▲
Remuneration, social security and pensions62€6.76M€6.88M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€991k€1.07M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€141k€162k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€92k€7k▼
Other operating charges640/8€103k€100k▼
Non-recurring operating charges66A€344k€152k▼
Operating profit (loss)9901€489k€322k▼
Financial income75/76B€547k€528k▼
Recurring financial income75€547k€528k▼
Income from financial fixed assets750€0€182▲
Other financial income752/9€547k€528k▼
Financial charges65/66B€662k€893k▲
Recurring financial charges65€662k€893k▲
Debt charges650€526k€791k▲
Other financial charges652/9€136k€102k▼
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€374k€-43k▼
Income taxes67/77€157k€59k▼
Taxes670/3€195k€59k▼
Tax adjustments and reversals of tax provisions77€38k-
Profit (loss) for the period9904€217k€-102k▼
Profit (loss) for the period to be appropriated9905€217k€-102k▼
Appropriation of the result
Profit (loss) to be appropriated9906€898k€785k▼
Profit (loss) brought forward from the previous period14P€681k€887k▲
Transfer to equity691/2€11k-
To the legal reserve6920€11k-
Social balance
Average headcount (FTE)9087101.699.1▼
The notes to these accounts (93 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
14-08
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor appointment · Permanent representative5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor appointment · Permanent representative5 facts ▸
- General meeting, 29/05/2026
- Auditor appointment, BV VGD Bedrijfsrevisoren (commissaris)
- Permanent representative, Tom Quittelier
- Mandate term, eindigt onmiddellijk na de gewone algemene vergadering te houden in 2029
- Power of attorney, Moore Finance & Tax BV
03-07
State Gazette act
Capital & shares · RestructuringGeneral meeting · Merger · Dissolution8 facts ▸
State Gazette act
Capital & shares · Restructuring
General meeting · Merger · Dissolution8 facts ▸
- General meeting, 2026-06-01
- Merger, 2026-06-01
- Dissolution, 2026-06-01
- Accounting effect, 2026-01-01
- Director resignation, bestuurder
- Power of attorney, FORUM ADVOCATEN
- Power of attorney, VERCOUTEREN-LOUAGIE-VAN GOETHEM, geassocieerde notaristen
- Merger proposal, 2026-04-17, 2026-04-03
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-102k ▼147%
Net result drops to €-102k, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 1 day late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 45 days late
2019
31-12
Financial
Highest result since 2018net €1.09M ▲15.5%
Net result €1.09M, the highest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
01-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Roeselare · 8 establishment units since 1998
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.
Ovenhoek 28800 RoeselareGround area
4.0 ha
Building footprint
1.5 ha
Volume, LiDAR
26,198 m³
8 parcels, Flanders · tallest building 12.9 m, ±2 floors. Linked by address, not a title deed.
8 establishment units
Prosafco Bree
since 19982.089.821.943
PROSAFCO
since 20082.169.171.309
Prosafco nv
since 20142.231.785.995
Prosafco
since 20152.249.263.021
Prosafco
since 20162.252.870.431
Prosafco
since 20212.321.410.829
Show 2 more locations
Prosafco
since 20212.321.413.601
Prosafco
since 20262.390.042.287
8 parcels
Flanders
8
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36504D1357/00A000 | Flanders | 1.5 ha | 1 · 7,955 m² | 0.2 m |
| 13453O0956/00W000 | Flanders | 8,141 m² | 1 · 2,004 m² | 12.9 m |
| 12392C0696/00A000indicative | Flanders | 7,922 m² | 1 · 950 m² | 9.5 m · 2 fl. |
| 72004A0526/00P000 | Flanders | 2,620 m² | 1 · 831 m² | 8.1 m · 1 fl. |
| 11007A0075/00D002 | Flanders | 1,988 m² | 1 · 1,151 m² | 5.7 m · 2 fl. |
| 36012E0281/00H000 | Flanders | 1,981 m² | 1 · 896 m² | 9.2 m · 1 fl. |
| 42452C0174/00S000 | Flanders | 1,847 m² | 1 · 500 m² | 12.5 m · 1 fl. |
| 71323C0454/00S000 | Flanders | 764 m² | 1 · 343 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 7
7 of 8 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| VGD BedrijfsrevisorenCurrent Statutory auditor · represented by Tom Quittelier | 14-08-2026 → present |
Structure & network
Acquisitions and mergers
1 transactionTook over:BEROEPSKLEDING LANDUYT
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 8,576 EUR awarded · 8,646 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,174 EUR | 2,984 EUR |
| 2024 | 1 | 1,887 EUR | 1,837 EUR |
| 2023 | 1 | 1,411 EUR | 3,631 EUR |
| 2022 | 1 | 2,104 EUR | 194 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
549300NWHEIQQ2HPUF36
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Formateurs associés
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WEP INTERNATIONAL
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G.I.M. - GEOGRAPHIC INFORMATION MANAGEMENT
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Of 11,667 companies in sector 85599 we hold annual accounts for 1,329. 158 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-02-2008
Fiscal year end31-12
Activities, NACEBEL
46421Wholesale trade
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.