PROSOURCE
InactiveFinancials · fiscal year 2025, abbreviated schema
Turnover
€9.8m
EBIT margin
2.3%
Net result
-€22,947
2024 · €4,082
Working capital
€1.7m▼ 15.3%
2024 · €2.0m
Trend over the years
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result has fallen three years in a row; 2025 is 76% below 2024 and is the lowest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result€0.04m
2025
Net result-€0.02m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.6m
2025
Equity€0.2m
2025
Debt€2.4m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.7m
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)9
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€9.8m
Operating result€0.4m-€0.3m▼ 26.9%€0.4m▲ 42.9%€0.4m▲ 9.8%€0.7m▲ 52.2%€0.2m▼ 66.8%€0.2m▼ 29.1%€0.04m▼ 75.6%
Net result€0.3m-€0.2m▼ 38.7%€0.3m▲ 66.2%€0.3m▲ 15.9%€0.5m▲ 53.9%€0.1m▼ 78.3%€0.004m▼ 95.9%-€0.02m
EBIT margin2.3%
Equity€0.4m-€0.07m▼ 81.3%€0.09m▲ 33.5%€0.4m▲ 335%€0.1m▼ 63.9%€0.2m▲ 32.6%€0.2m▼ 2.5%€0.2m▼ 12.8%
Total assets€1.3m-€1.7m▲ 32.8%€3.0m▲ 79.9%€4.8m▲ 60.0%€7.4m▲ 52.7%€6.2m▼ 15.9%€4.3m▼ 31.0%€2.6m▼ 39.7%
Debt€0.9m-€1.6m▲ 76.9%€2.9m▲ 81.8%€4.4m▲ 51.7%€7.2m▲ 62.7%€6.0m▼ 16.8%€4.1m▼ 31.9%€2.4m▼ 40.8%
Working capital€0.4m-€0.02m▼ 94.2%€0.1m▲ 397%€0.9m▲ 714%€2.5m▲ 169%€2.2m▼ 10.1%€2.0m▼ 10.1%€1.7m▼ 15.3%
Staff (FTE)17.8-18.9▲ 6.2%19.8▲ 4.8%19.6▼ 1.0%21.4▲ 9.2%25.1▲ 17.3%15.5▼ 38.2%9▼ 41.9%
Why a figure moved sharply
- 2023 Net result -78% on 2022. The accounts now follow the full schema, last year the abbreviated schema.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€25,720 ▼ 50.6%
Current assets
€2.6m ▼ 39.5%
Equity and liabilities €2.6m
Equity
€156,081 ▼ 12.8%
Debt
€2.4m ▼ 40.8%
Debt's share of the balance-sheet total falls from 95.8% to 94.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€54,997▼
2024 · €176,958
Cash flow
-€6,573▼
2024 · €22,679
Current ratio
2.92▲
2024 · 1.89
Debt to equity
15.54▼
2024 · 22.90
ROE
-14.7%▼
2024 · 2.3%
ROA
-0.9%▼
2024 · 0.1%
Interest coverage
0.45▼
2024 · 0.74
Debt ≤ 1 year
€873,760▼
2024 · €2.2m
Debt > 1 year
€1.5m▼
2024 · €1.7m
Income taxes
€2,782▼
2024 · €22,201
Staff costs
€1.1m▼
2024 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | - | €10.1m | - | - | - |
| Turnover70 | - | - | - | - | - | €9.8m | - | - | - |
| Other operating income74 | - | - | - | - | - | €0.3m | - | - | - |
| Non-recurring operating income76A | - | - | €0 | - | €362 | €0.02m | €159 | €81 | ▼ 49.1% |
| Operating charges60/66A | - | - | - | - | - | €9.8m | - | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | - | €6.1m | - | - | - |
| Purchases600/8 | - | - | - | - | - | €6.1m | - | - | - |
| Services and other goods61 | - | - | - | - | - | €1.4m | - | - | - |
| Remuneration, social security and pensions62 | - | - | €1.6m | €1.7m | €1.8m | €2.1m | €1.4m | €1.1m | ▼ 23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.03m | €0.04m | €0.02m | €0.03m | €0.03m | €0.02m | €0.02m | ▼ 11.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €380 | €0 | - | - | - | - | - |
| Other operating charges640/8 | - | - | €0.01m | €0.2m | €0.1m | €0.2m | €0.3m | €252 | ▼ 99.9% |
| Non-recurring operating charges66A | - | - | €0 | - | €0.2m | €0 | - | €0.01m | - |
| Gross operating margin9900 | €1.9m | €1.9m | €2.1m | €2.4m | €2.8m | - | €1.9m | €1.2m | ▼ 38.6% |
| Operating profit (loss)9901 | €0.4m | €0.3m | €0.4m | €0.4m | €0.7m | €0.2m | €0.2m | €0.04m | ▼ 75.6% |
| Financial income75/76B | - | - | €0.001m | €0.004m | €0.08m | €0.2m | €0.1m | €0.06m | ▼ 42.1% |
| Recurring financial income75 | €0.02m | €0.006m | €0.001m | €0.004m | €0.08m | €0.2m | €0.1m | €0.06m | ▼ 42.1% |
| Income from current assets751 | - | - | - | - | - | €0.1m | - | - | - |
| Other financial income752/9 | - | - | - | - | - | €0.006m | - | - | - |
| Financial charges65/66B | - | - | €0.03m | €0.04m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 49.4% |
| Recurring financial charges65 | €0.01m | €0.02m | €0.03m | €0.04m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 49.4% |
| Debt charges650 | - | - | - | - | - | €0.2m | - | - | - |
| Other financial charges652/9 | - | - | - | - | - | €0.003m | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.3m | €0.4m | €0.4m | €0.7m | €0.2m | €0.03m | -€0.02m | ▼ 177% |
| Income taxes67/77 | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.06m | €0.02m | €0.003m | ▼ 87.5% |
| Taxes670/3 | - | - | - | - | - | €0.06m | - | - | - |
| Profit (loss) for the period9904 | €0.3m | €0.2m | €0.3m | €0.3m | €0.5m | €0.1m | €0.004m | -€0.02m | ▼ 662% |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.2m | €0.3m | €0.3m | €0.5m | €0.1m | €0.004m | -€0.02m | ▼ 662% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.3m | €1.7m | €3.0m | €4.8m | €7.4m | €6.2m | €4.3m | €2.6m | ▼ 39.7% |
| Fixed assets21/28 | €0.03m | €0.05m | €0.08m | €0.06m | €0.07m | €0.07m | €0.05m | €0.03m | ▼ 50.6% |
| Intangible fixed assets21 | €0.003m | €0.03m | €0.02m | €0.02m | €0 | €0.03m | €0.02m | €0.02m | ▼ 27.2% |
| Tangible fixed assets22/27 | €0.03m | €0.03m | €0.06m | €0.05m | €0.07m | €0.04m | €0.03m | €0.01m | ▼ 67.5% |
| Furniture and vehicles24 | - | - | €0.05m | €0.04m | €0.06m | €0.03m | €0.02m | €0.001m | ▼ 94.0% |
| Other tangible fixed assets26 | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.009m | €0.009m | ▼ 6.3% |
| Current assets29/58 | €1.2m | €1.6m | €2.9m | €4.8m | €7.3m | €6.1m | €4.2m | €2.6m | ▼ 39.5% |
| Stocks and contracts in progress3 | - | - | - | - | - | €0 | - | - | - |
| Amounts receivable within one year40/41 | €0.9m | €1.5m | €2.7m | €4.5m | €6.5m | €5.5m | €4.0m | €2.1m | ▼ 49.1% |
| Trade receivables40 | - | - | €1.9m | €3.0m | €4.3m | €2.3m | €1.5m | €1.0m | ▼ 30.1% |
| Other amounts receivable41 | - | - | €0.8m | €1.5m | €2.2m | €3.2m | €2.5m | €1.0m | ▼ 60.3% |
| Cash at bank and in hand54/58 | €0.3m | €0.03m | €0.2m | €0.2m | €0.8m | €0.6m | €0.2m | €0.5m | ▲ 182% |
| Deferred charges and accrued income490/1 | - | - | €0.03m | €0.03m | €0.03m | €0.02m | €0.01m | €0.01m | ▼ 25.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.3m | €1.7m | €3.0m | €4.8m | €7.4m | €6.2m | €4.3m | €2.6m | ▼ 39.7% |
| Equity10/15 | €0.4m | €0.07m | €0.09m | €0.4m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 12.8% |
| Contributions10/11 | €0.06m | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Reserves13 | €0.3m | €0.004m | €0.007m | €0.3m | €0.06m | €0.1m | €0.1m | €0.07m | ▼ 23.4% |
| Distributable reserves133 | - | - | €0.007m | €0.3m | €0.06m | €0.1m | €0.1m | €0.07m | ▼ 23.4% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - | €0 | €0 | - |
| Amounts payable17/49 | €0.9m | €1.6m | €2.9m | €4.4m | €7.2m | €6.0m | €4.1m | €2.4m | ▼ 40.8% |
| Amounts payable after more than one year17 | €0.05m | - | €0.006m | €0 | €2.3m | €2.0m | €1.7m | €1.5m | ▼ 15.4% |
| Financial debts170/4 | - | - | €0.006m | €0 | €2.3m | €2.0m | €1.7m | €1.5m | ▼ 15.4% |
| Credit institutions173 | - | - | - | - | - | €2.0m | - | - | - |
| Amounts payable within one year42/48 | €0.8m | €1.6m | €2.8m | €3.9m | €4.8m | €3.9m | €2.2m | €0.9m | ▼ 61.0% |
| Current portion of amounts payable after more than one year42 | - | - | €0.3m | €0 | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Financial debts43 | - | - | €0.8m | €1.4m | €0 | €1 | €0 | - | - |
| Credit institutions430/8 | - | - | €0.8m | €1.4m | €0 | €1 | €0 | - | - |
| Trade debts44 | €0.4m | €0.4m | €0.6m | €1.5m | €3.0m | €1.5m | €0.7m | €0.5m | ▼ 29.1% |
| Suppliers440/4 | - | - | €0.6m | €1.5m | €3.0m | €1.5m | €0.7m | €0.5m | ▼ 29.1% |
| Taxes, remuneration and social security45 | - | - | €0.2m | €0.2m | €0.3m | €0.6m | €0.1m | €0.09m | ▼ 37.0% |
| Taxes450/3 | - | - | €0.04m | €0.01m | €0.1m | €0.4m | €0.02m | €0.006m | ▼ 61.2% |
| Remuneration and social security454/9 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.08m | ▼ 33.9% |
| Other amounts payable47/48 | - | - | €0.9m | €0.8m | €1.2m | €1.6m | €1.1m | €0.01m | ▼ 98.8% |
| Accrued charges and deferred income492/3 | - | - | €0.09m | €0.6m | €0.1m | €0.09m | €0.1m | €0.08m | ▼ 32.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €250,133 | €153,436 | €254,984 | €295,480 | €454,741 | €98,674 | €4,082 | -€22,947 | ▼ 662% |
| + Depreciation and write-downs630 | €15,940 | €27,015 | €42,630 | €15,724 | €26,532 | €27,768 | €18,596 | €16,374 | ▼ 11.9% |
| Operating cash flow (approximation) | €266,073 | €180,451 | €297,614 | €311,204 | €481,274 | €126,442 | €22,679 | -€6,573 | ▼ 129% |
| Investment in fixed assets (approximation) | - | -€48,782 | -€66,390 | -€2,746 | -€31,214 | -€29,189 | -€1,450 | €9,988 | ▲ 789% |
| Change in cash | - | -€225,180 | €154,118 | €29,991 | €582,970 | -€203,510 | -€424,369 | €316,451 | ▲ 175% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Subsidies and aid
Flemish government
2022 to 2024 · 4 entries · €12,301 awarded · €12,301 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | €2,641 | €2,641 |
| 2023 | 2 | €4,636 | €4,636 |
| 2022 | 1 | €5,024 | €5,024 |