PROTAX
ActiveSummary
PROTAX has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €25,205 and a net result of -€5,599. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 87% of 9527 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability40▼-51
Solvency100▲+28
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.78 against 1.58 in 2023; short-term debt: 13.2% and cash: 5% of total assets), and 13.2% of the assets are financed with debt.
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Signals
Five 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
86.8%
Return on assets
-19.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
30 d late
2022
10 d late
2021
39 d early
2020
20 d late
2019
42 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€81,219
EBIT margin
14.5%
Net result
-€5,599
2023 · €9,589
Working capital
-€846
2023 · €12,785
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€81,219
Operating result€1,630▼ 90.8%-€3,838-€627▲ 83.7%€11,793-€2,119
Net result€1,344within the sector's middle half▼ 88.0%-€4,617below the sector's middle half-€1,863below the sector's middle half▲ 59.6%€9,589within the sector's middle half-€5,599below the sector's middle half
EBIT margin14.5%
Equity€27,695within the sector's middle half▲ 5.1%€23,078within the sector's middle half▼ 16.7%€21,215within the sector's middle half▼ 8.1%€30,804below the sector's middle half▲ 45.2%€25,205within the sector's middle half▼ 18.2%
Total assets€36,741below the sector's middle half▼ 16.5%€69,379within the sector's middle half▲ 88.8%€68,327within the sector's middle half▼ 1.5%€65,090below the sector's middle half▼ 4.7%€29,039below the sector's middle half▼ 55.4%
Debt€9,046▼ 48.7%€46,301▲ 412%€47,112▲ 1.8%€34,286▼ 27.2%€3,834▼ 88.8%
Working capital€26,826within the sector's middle half▲ 9.0%€9,679within the sector's middle half▼ 63.9%€8,522within the sector's middle half▼ 12.0%€12,785within the sector's middle half▲ 50.0%-€846within the sector's middle half
Solvency75.4%above the sector's middle half▲ 15.5pp33.3%within the sector's middle half▼ 42.1pp31.0%within the sector's middle half▼ 2.2pp47.3%within the sector's middle half▲ 16.3pp86.8%above the sector's middle half▲ 39.5pp
Current ratio3.97above the sector's middle half▲ 1.571.45within the sector's middle half▼ 2.511.33within the sector's middle half▼ 0.121.58within the sector's middle half▲ 0.240.78below the sector's middle half▼ 0.80
Return on assets (ROA)3.7%within the sector's middle half▼ 21.9pp-6.7%below the sector's middle half▼ 10.3pp-2.7%below the sector's middle half▲ 3.9pp14.7%above the sector's middle half▲ 17.5pp-19.3%below the sector's middle half▼ 34.0pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2,119 after €11,793 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €29,039
Fixed assets
€26,051 ▼ 13.4%
Current assets
€2,989 ▼ 91.5%
Equity and liabilities €29,039
Equity
€25,205 ▼ 18.2%
Debt
€3,834 ▼ 88.8%
Debt's share of the balance-sheet total falls from 52.7% to 13.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6,131▼
2023 · €15,917
Cash flow
€2,651▼
2023 · €13,713
Debt to equity
0.15▼
2023 · 1.11
ROE
-22.2%▼
2023 · 31.1%
Interest coverage
4.79▼
2023 · 7.49
Debt ≤ 1 year
€3,834▼
2023 · €22,223
Income taxes
€2,200▲
2023 · €87
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.2%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,597 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €81,219 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €65,252 | - | - |
| Remuneration, social security and pensions62 | - | €17,759 | €18,071 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €880 | €2,809 | €4,218 | €4,124 | €8,250 | ▲ 100% |
| Other operating charges640/8 | - | €280 | €353 | €50 | €1,556 | ▲ 3,011% |
| Gross operating margin9900 | €3,066 | €17,009 | €22,016 | €15,967 | €7,687 | ▼ 51.9% |
| Operating profit (loss)9901 | €1,630 | -€3,838 | -€627 | €11,793 | -€2,119 | ▼ 118% |
| Financial income75/76B | - | - | €8 | €7 | - | - |
| Recurring financial income75 | - | - | €8 | €7 | - | - |
| Financial charges65/66B | - | €779 | €1,245 | €2,124 | €1,280 | ▼ 39.7% |
| Recurring financial charges65 | €286 | €779 | €1,245 | €2,124 | €1,280 | ▼ 39.7% |
| Profit (loss) for the period before taxes9903 | €1,344 | -€4,617 | -€1,863 | €9,676 | -€3,399 | ▼ 135% |
| Income taxes67/77 | - | - | - | €87 | €2,200 | ▲ 2,425% |
| Profit (loss) for the period9904 | €1,344 | -€4,617 | -€1,863 | €9,589 | -€5,599 | ▼ 158% |
| Profit (loss) for the period to be appropriated9905 | €1,344 | -€4,617 | -€1,863 | €9,589 | -€5,599 | ▼ 158% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €36,741 | €69,379 | €68,327 | €65,090 | €29,039 | ▼ 55.4% |
| Fixed assets21/28 | €869 | €38,424 | €34,206 | €30,082 | €26,051 | ▼ 13.4% |
| Tangible fixed assets22/27 | €869 | €38,061 | €33,843 | €29,719 | €25,688 | ▼ 13.6% |
| Furniture and vehicles24 | - | €373 | €155 | €31 | - | - |
| Leasing and similar rights25 | - | - | - | €29,688 | - | - |
| Other tangible fixed assets26 | - | €37,688 | €33,688 | - | €25,688 | - |
| Financial fixed assets28 | - | €363 | €363 | €363 | €363 | = |
| Current assets29/58 | €35,872 | €30,955 | €34,121 | €35,009 | €2,989 | ▼ 91.5% |
| Amounts receivable within one year40/41 | €28,934 | €23,935 | €28,733 | €29,796 | €1,526 | ▼ 94.9% |
| Trade receivables40 | - | €23,935 | €28,733 | €29,796 | €980 | ▼ 96.7% |
| Other amounts receivable41 | - | - | - | - | €546 | - |
| Cash at bank and in hand54/58 | €6,938 | €7,020 | €5,388 | €5,213 | €1,463 | ▼ 71.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €36,741 | €69,379 | €68,327 | €65,090 | €29,039 | ▼ 55.4% |
| Equity10/15 | €27,695 | €23,078 | €21,215 | €30,804 | €25,205 | ▼ 18.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | €6,200 | - | €6,200 | - | - |
| Other1109/19 | - | €6,200 | - | €6,200 | - | - |
| Reserves13 | €11,860 | €11,860 | €11,860 | €21,360 | €21,360 | = |
| Non-distributable reserves130/1 | - | €1,860 | - | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | - | - | - | - |
| Other1319 | - | - | - | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €10,000 | €10,000 | €10,000 | €19,500 | ▲ 95.0% |
| Distributable reserves133 | - | - | €1,860 | €9,500 | - | - |
| Profit (loss) carried forward14 | €9,635 | €5,018 | €3,155 | €3,244 | -€2,355 | ▼ 173% |
| Amounts payable17/49 | €9,046 | €46,301 | €47,112 | €34,286 | €3,834 | ▼ 88.8% |
| Amounts payable after more than one year17 | - | €25,025 | €21,512 | €12,063 | - | - |
| Financial debts170/4 | - | €25,025 | €21,512 | €12,063 | - | - |
| Amounts payable within one year42/48 | €9,046 | €21,276 | €25,600 | €22,223 | €3,834 | ▼ 82.7% |
| Current portion of amounts payable after more than one year42 | - | €7,868 | €9,449 | €9,449 | - | - |
| Trade debts44 | €2,431 | €619 | €994 | €2,533 | - | - |
| Suppliers440/4 | - | €619 | €994 | €2,533 | - | - |
| Taxes, remuneration and social security45 | - | €6,550 | €8,082 | €3,737 | €2,433 | ▼ 34.9% |
| Taxes450/3 | - | €4,344 | €6,582 | €3,737 | €2,433 | ▼ 34.9% |
| Remuneration and social security454/9 | - | €2,206 | €1,500 | - | - | - |
| Other amounts payable47/48 | - | €6,240 | €7,074 | €6,504 | €1,401 | ▼ 78.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,344 | -€4,617 | -€1,863 | €9,589 | -€5,599 | ▼ 158% |
| + Depreciation and write-downs630 | €880 | €2,809 | €4,218 | €4,124 | €8,250 | ▲ 100% |
| Operating cash flow (approximation) | €2,224 | -€1,808 | €2,355 | €13,713 | €2,651 | ▼ 80.7% |
| Investment in fixed assets (approximation) | - | -€40,363 | €0 | €0 | -€4,219 | - |
| Change in cash | - | €83 | -€1,632 | -€176 | -€3,750 | ▼ 2,036% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
23-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet -€5,599
Net result drops to -€5,599, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €9,589
Net result €9,589 after 2 loss-making years.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 42 days late
2019
31-12
Financial
Highest result since 2018net €11,228 ▲25.8%
Operating result €17,798, net result €11,228, both a record.
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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, Ganshoren · 2 establishment units since 2017
Ground area
5,912 m²
Building footprint
1,371 m²
Volume, LiDAR
40,363 m³
2 parcels, Brussels · tallest building 39.7 m, ±11 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
2 establishment units
Heidekenstraat 72, 1083 Ganshoren
since 20172.268.210.683
Victor Olivierlaan 6, 1070 Anderlecht
since 20182.276.096.882
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306C0060/00K000 | Brussels | 5,730 m² | 1 · 1,200 m² | 39.7 m · 11 fl. |
| 21008A0402/00S013 | Brussels | 182 m² | 1 · 171 m² | 13.6 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,218 companies in sector 82100 we hold annual accounts for 3,516. 2,354 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
Contact
E-mail
eric@protax.be
Website
www.protax.beAnderlecht
E-mail
baele.eric@gmail.comAnderlecht
Phone
0484291815Anderlecht
E-invoicing
Reachable via Peppol
Peppol ID
0208:0681757966
Also
9925:BE0681757966
Registered
30-09-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.