PROTEA MANAGEMENT
ActivePROTEA MANAGEMENT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €71k and a net result of €-21k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 63% of 37960 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-88
Solvency95=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 3.35 against 3.26 in 2023; short-term debt: 29.8% and cash: 29.4% of total assets), and 29.8% of the assets are financed with debt.
Credit advice for your own amount and term
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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
70.2%
Return on assets
-21.2%
Age of the figures
21 mo
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
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 23-07-2025, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
8 d early
2023
42 d early
2022
2 d late
2021
16 d late
2020
27 d late
2019
15 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€71k▼ 23.2%
2023 · €92k
2018: €68k
2019: €106k
2020: €62k
2021: €91k
2022: €71k
2023: €92k
2018 → 2024
Total assets
€101k▼ 24.0%
2023 · €133k
2018: €116k
2019: €154k
2020: €121k
2021: €135k
2022: €105k
2023: €133k
2018 → 2024
Net result
€-21k
2023 · €21k
2018: €32k
2019: €37k
2020: €-44k
2021: €30k
2022: €-20k
2023: €21k
2018 → 2024
Working capital
€71k▼ 22.9%
2023 · €91k
2018: €68k
2019: €105k
2020: €41k
2021: €78k
2022: €66k
2023: €91k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€62k-€91k▲ 47.7%€71k▼ 22.0%€92k▲ 29.4%€71k▼ 23.2%
Operating result€-43k-€33k€-18k€22k€-20k
Net result€-44k-€30k€-20k€21k€-21k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €20k after €22k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €101k
Fixed assets
€233▼ 68.9%
Current assets
€101k▼ 23.7%
Equity and liabilities €101k
Equity
€71k▼ 23.2%
Debt
€30k▼ 25.7%
The debt ratio falls from 30.5% to 29.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-20k▼
2023 · €23k
Cash flow
€-21k▼
2023 · €22k
Solvency
70.2%▲
2023 · 69.5%
Current ratio
3.35▲
2023 · 3.26
Quick ratio
3.35▲
2023 · 3.26
Debt / equity
0.42▼
2023 · 0.44
ROE
-30.3%▼
2023 · 22.7%
ROA
-21.2%▼
2023 · 15.8%
Interest coverage
-53.28▼
2023 · 88.40
Debt
€30k▼
2023 · €40k
Debt ≤ 1 year
€30k▼
2023 · €40k
Income taxes
€738▼
2023 · €1k
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€133k€101k▼
Fixed assets21/28€748€233▼
Tangible fixed assets22/27€748€233▼
Furniture and vehicles24€748€233▼
Current assets29/58€132k€101k▼
Amounts receivable within one year40/41€74k€59k▼
Trade receivables40€22k€7k▼
Other amounts receivable41€52k€52k=
Cash at bank and in hand54/58€44k€30k▼
Deferred charges and accrued income490/1€14k€12k▼
Equity and liabilities
Total equity and liabilities10/49€133k€101k▼
Equity10/15€92k€71k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€84k€63k▼
Amounts payable17/49€40k€30k▼
Amounts payable within one year42/48€40k€30k▼
Trade debts44€17k€9k▼
Suppliers440/4€17k€9k▼
Taxes, remuneration and social security45€23k€21k▼
Taxes450/3€23k€21k▼
Remuneration and social security454/9-€523
Income statement
Code20232024
Non-recurring operating income76A€28k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€846€515▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€25k€-19k▼
Operating profit (loss)9901€22k€-20k▼
Financial income75/76B€15€40▲
Recurring financial income75€15€40▲
Financial charges65/66B€261€372▲
Recurring financial charges65€261€372▲
Profit (loss) for the period before taxes9903€22k€-21k▼
Income taxes67/77€1k€738▼
Profit (loss) for the period9904€21k€-21k▼
Profit (loss) for the period to be appropriated9905€21k€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€84k€63k▼
Profit (loss) brought forward from the previous period14P€63k€84k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet €-44k ▼218%
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €37k ▲16.9%
Operating result €53k, net result €37k, both a record.
31-12
Financial
Equity above €100kEq €106k ▲54.6%
2 profitable years in a row build equity to €106k.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Edegem · 1 establishment unit since 2014
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.
Jonkersaard 62650 EdegemGround area
259 m²
Building footprint
126 m²
Volume, LiDAR
809 m³
Parcel 11472B0191/00R000, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Protea Management
since 20142.228.152.059
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472B0191/00R000 | Flanders | 259 m² | 1 · 126 m² | 11.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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CIK Services
BE 0663.886.707
Gent · Eq €71k
Buro Mirlo
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DENENTER
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,573. 39,690 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-01-2014
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.