Checked.be · Company dossierhttps://checked.be/en/c/protec-0429197086 · as of 31-10-2026
PROTEC
Active
Public limited company · founded 1986 · active for 40 yearsEuropalaan 17, 3900 Pelt, BelgiumKBO/BCE: BE 0429.197.086
Summary
PROTEC has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35.7m and a net result of -€2.5m. Equity is growing by about 10% per year across the filed financial years. Its solvency ranks better than 76% of 145 sector peers (NACE 24, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Auditor: Foederer Bedrijfsrevisoren BV2025 accounts 4 days early5 of 18 deeds summarised
Why 87raises riskLoss of €2.5m (financial year 2025)Sector: Manufacture of basic metals (NACE 24)lowers riskFounded in 1986Equity €35.7m (73.0% of total assets)Show the evidence
Checked score
Score 2025
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
87/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 53% of its sector peers (all companies)
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Strong
Solvency98=
equity 73.0% of total assets
Liquidity45=
short-term debt 26.2% · cash 4.5%
Profitability51-10
return on assets -5.0%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
0.3%Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Sector median 0.4% (15 companies, NACE 24, large)
Last 24 months11-2024: 0.2%12-2024: 0.2%● unchanged vs 11-202401-2025: 0.2%● unchanged vs 12-202402-2025: 0.2%● unchanged vs 01-202503-2025: 0.2%● unchanged vs 02-202504-2025: 0.2%● unchanged vs 03-202505-2025: 0.2%● unchanged vs 04-202506-2025: 0.2%● unchanged vs 05-202507-2025: 0.2%● unchanged vs 06-202508-2025: 0.2%● unchanged vs 07-202509-2025: 0.2%● unchanged vs 08-202510-2025: 0.2%● unchanged vs 09-202511-2025: 0.2%● unchanged vs 10-202512-2025: 0.2%● unchanged vs 11-202501-2026: 0.2%● unchanged vs 12-202502-2026: 0.2%● unchanged vs 01-2026lowest value03-2026: 0.2%● unchanged vs 02-202604-2026: 0.2%● unchanged vs 03-202605-2026: 0.2%● unchanged vs 04-202606-2026: 0.2%● unchanged vs 05-202607-2026: 0.2%● unchanged vs 06-202608-2026: 0.3%▲ +0.1 percentage points vs 07-2026highest value09-2026: 0.3%● unchanged vs 08-2026highest value10-2026: 0.3%● unchanged vs 09-2026highest value
Credit of up to €3,100,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.82, compared with 2.95 in 2024, above the usual 1.5; short-term debt: 26.2% and cash: 4.5% of total assets), and 27% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
75-100
Excellent
under 0.55%
60-74
Healthy
0.55% to 1.5%
45-59
Fair
1.5% to 4.2%
25-44
Weak
4.2% to 15.0%
0-24
Critical
over 15.0%
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies): better than 84% on solvency, 52% on liquidity, 37% on profitability and 37% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days before the deadline; the sector median (NACE 24) for financial year 2024 is 15 days before the deadline, and 29% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 July (5 of the last 5 filed years within 30 days of that day).
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€48.9m2025Equity€35.7m2025Debt€12.9m2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€23.4m2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-2.1%2025Return on assets (ROA)-5.0%2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency73.0%2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.822025
Average staff in full-time equivalents (FTE).
Staff (FTE)309.62025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 24, Manufacture of basic metals: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
Net result-€2.1m-€0.08m€1.1mabove the sector's middle half▲ 14×€4.0mabove the sector's middle half▲ 261%€2.1mwithin the sector's middle half▼ 46.8%-€0.6mbelow the sector's middle half€0.8mwithin the sector's middle half-€2.5mbelow the sector's middle half
Equity€12.3m-€12.4m▲ 0.6%€13.5mwithin the sector's middle half▲ 8.9%€35.9mabove the sector's middle half▲ 166%€38.0mabove the sector's middle half▲ 5.9%€37.4mabove the sector's middle half▼ 1.6%€38.2mabove the sector's middle half▲ 2.1%€35.7mabove the sector's middle half▼ 6.4%
Total assets€23.9m-€25.5m▲ 6.8%€25.2mwithin the sector's middle half▼ 1.3%€51.7mwithin the sector's middle half▲ 105%€56.4mwithin the sector's middle half▲ 9.1%€50.8mabove the sector's middle half▼ 9.9%€52.0mwithin the sector's middle half▲ 2.4%€48.9mabove the sector's middle half▼ 5.9%
Working capital€10.2m-€9.6m▼ 5.7%€11.7mabove the sector's middle half▲ 21.6%€29.2mabove the sector's middle half▲ 149%€27.0mabove the sector's middle half▼ 7.6%€24.9mabove the sector's middle half▼ 7.6%€26.1mabove the sector's middle half▲ 4.6%€23.4mabove the sector's middle half▼ 10.5%
Solvency51.7%-48.7%▼ 3.0pp53.7%within the sector's middle half▲ 5.0pp69.5%above the sector's middle half▲ 15.8pp67.4%above the sector's middle half▼ 2.0pp73.6%above the sector's middle half▲ 6.2pp73.4%above the sector's middle half▼ 0.2pp73.0%above the sector's middle half▼ 0.4pp
Current ratio2.02-1.81▼ 0.212.10within the sector's middle half▲ 0.293.12above the sector's middle half▲ 1.022.58above the sector's middle half▼ 0.542.96above the sector's middle half▲ 0.382.95above the sector's middle half▼ 0.012.82within the sector's middle half▼ 0.13
Return on assets (ROA)-8.6%-0.3%▲ 8.9pp4.4%within the sector's middle half▲ 4.1pp7.7%within the sector's middle half▲ 3.3pp3.7%within the sector's middle half▼ 3.9pp-1.2%below the sector's middle half▼ 4.9pp1.5%within the sector's middle half▲ 2.7pp-5.0%below the sector's middle half▼ 6.5pp
Staff (FTE)157-171.3▲ 9.1%168above the sector's middle half▼ 1.9%280.9above the sector's middle half▲ 67.2%288.6above the sector's middle half▲ 2.7%299.6above the sector's middle half▲ 3.8%308.6above the sector's middle half▲ 3.0%309.6above the sector's middle half▲ 0.3%
abovewithinbelowthe middle half of NACE 24, Manufacture of basic metals: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €48.9m
26.0%
74.0%
Fixed assets€12.7m ▲ 1.4%
Current assets€36.2m ▼ 8.3%
Equity and liabilities €48.9m
73.0%
26.3%
Equity€35.7m ▼ 6.4%
Provisions€316,472 ▼ 21.1%
Debt€12.9m ▼ 4.0%
Debt's share of the balance-sheet total rises from 25.8% to 26.3%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.9m▼
2024 · €5.1m
Cash flow
€1.3m▼
2024 · €4.1m
Quick ratio
1.61▼
2024 · 1.63
Debt to equity
0.36▲
2024 · 0.35
ROE
-6.9%▼
2024 · 2.1%
Interest coverage
28.48▼
2024 · 64.00
Debt ≤ 1 year
€12.8m▼
2024 · €13.4m
Income taxes
€1,978▼
2024 · €197,668
Staff costs
€19.8m▲
2024 · €19.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 151 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 94.0% are still going.
Large
20 years or older
solvency 30% or more
a small loss
1.3%went bankrupt
4.0%stopped otherwise
94.0%still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
The companies in ten equal groups, from lowest to highest expected share.
Group
Expected
Actual
1
0.2%
0.2%
2
0.3%
0.5%
3
0.5%
0.6%
4
0.7%
0.8%
5
0.9%
0.9%
6
1.3%
1.5%
7
1.6%
1.8%
8
1.8%
1.8%
9
3.0%
3.1%
10
5.6%
6.2%
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 151 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
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 87 lines
Balance sheetCode20242025
Assets
Total assets20/58€52.0m€48.9m▼
Fixed assets21/28€12.6m€12.7m▲
Intangible fixed assets21€0.02m€0.01m▼
Tangible fixed assets22/27€12.5m€12.7m▲
Land and buildings22€0.5m€0.6m▲
Plant, machinery and equipment23€10.7m€10.8m▲
Furniture and vehicles24€1.3m€1.2m▼
Leasing and similar rights25€0-
Financial fixed assets28€0.04m€0.04m=
Other financial fixed assets284/8€0.04m€0.04m=
Amounts receivable and cash guarantees285/8€0.04m€0.04m=
Current assets29/58€39.5m€36.2m▼
Stocks and contracts in progress3€17.7m€15.6m▼
Stocks30/36€17.7m€15.6m▼
Raw materials and consumables30/31€13.2m€10.9m▼
Work in progress32€4.5m€4.7m▲
Amounts receivable within one year40/41€7.9m€11.3m▲
Trade receivables40€6.7m€9.9m▲
Other amounts receivable41€1.2m€1.3m▲
Current investments50/53€11.7m€7.1m▼
Other investments51/53€11.7m€7.1m▼
Cash at bank and in hand54/58€2.0m€2.2m▲
Deferred charges and accrued income490/1€0.05m€0.06m▲
Equity and liabilities
Total equity and liabilities10/49€52.0m€48.9m▼
Equity10/15€38.2m€35.7m▼
Contributions10/11€4.6m€4.6m=
Capital10€4.6m€4.6m=
Issued capital100€4.6m€4.6m=
Reserves13€33.6m€31.1m▼
Non-distributable reserves130/1€0.5m€0.5m=
Legal reserve130€0.5m€0.5m=
Tax-exempt reserves132€0.03m€0.03m▼
Distributable reserves133€33.1m€30.6m▼
Investment grants15€0.01m€0.01m=
Provisions and deferred taxes16€0.4m€0.3m▼
Provisions for liabilities and charges160/5€0.4m€0.3m▼
Other liabilities and charges164/5€0.4m€0.3m▼
Deferred taxes168€258€0▼
Amounts payable17/49€13.4m€12.9m▼
Amounts payable within one year42/48€13.4m€12.8m▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€7.2m€7.6m▲
Suppliers440/4€7.2m€7.6m▲
Taxes, remuneration and social security45€3.2m€3.2m▼
Taxes450/3€0.4m€0.4m▼
Remuneration and social security454/9€2.8m€2.8m▲
Other amounts payable47/48€3.0m€2.0m▼
Accrued charges and deferred income492/3€0.08m€0.06m▼
Income statementCode20242025
Operating income70/76A€89.5m€90.7m▲
Turnover70€88.5m€89.2m▲
Change in stocks of work in progress, finished goods and contracts in progress71-€0.4m€0.2m▲
Other operating income74€1.2m€1.2m▼
Non-recurring operating income76A€0.2m€0.04m▼
Operating charges60/66A€87.7m€92.5m▲
Goods for resale, raw materials and consumables60€47.5m€51.3m▲
Purchases600/8€50.1m€49.0m▼
Change in stocks: decrease (increase)609-€2.5m€2.3m▲
Services and other goods61€17.6m€17.6m=
Remuneration, social security and pensions62€19.3m€19.8m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.3m€3.8m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-€0.006m▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0.2m-€0.08m▲
Other operating charges640/8€0.1m€0.08m▼
Non-recurring operating charges66A€0-
Operating profit (loss)9901€1.8m-€1.8m▼
Financial income75/76B€0.4m€0.5m▲
Recurring financial income75€0.4m€0.5m▲
Income from current assets751€0.2m€0.3m▲
Other financial income752/9€0.2m€0.2m▼
Financial charges65/66B€1.1m€1.1m▼
Recurring financial charges65€1.1m€1.1m▼
Debt charges650€0.08m€0.07m▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€0.01m-€0.01m▼
Other financial charges652/9€1.1m€1.1m▼
Profit (loss) for the period before taxes9903€1.0m-€2.5m▼
Transfer from deferred taxes780€0.001m€258▼
Income taxes67/77€0.2m€0.002m▼
Taxes670/3€0.2m€0.002m▼
Profit (loss) for the period9904€0.8m-€2.5m▼
Transfer from tax-exempt reserves789€0.004m€0.001m▼
Profit (loss) for the period to be appropriated9905€0.8m-€2.5m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.8m-€2.5m▼
Transfer from equity791/2€0€2.5m▲
From reserves792€0€2.5m▲
Transfer to equity691/2€0.8m€0▼
To other reserves6921€0.8m€0▼
Social balance sheet
Average headcount (FTE)9087308.6309.6▲
The notes to these accounts (73 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Operating income70/76A
-
-
-
€90.6m
€109.5m
€93.2m
€89.5m
€90.7m
▲ 1.3%
Turnover70
€59.3m
€61.2m
€58.2m
€89.3m
€107.2m
€90.7m
€88.5m
€89.2m
▲ 0.9%
Change in stocks of work in progress, finished goods and contracts in progress71
-
-
-
€0.1m
€0.7m
€1.1m
-€0.4m
€0.2m
-
Other operating income74
-
-
-
€1.3m
€1.6m
€1.3m
€1.2m
€1.2m
▼ 4.4%
Non-recurring operating income76A
-
-
-
€0.002m
€0.01m
€0.03m
€0.2m
€0.04m
▼ 84.1%
Operating charges60/66A
-
-
-
€84.5m
€105.5m
€92.9m
€87.7m
€92.5m
▲ 5.4%
Goods for resale, raw materials and consumables60
-
-
-
€48.2m
€67.2m
€55.2m
€47.5m
€51.3m
▲ 7.9%
Purchases600/8
-
-
-
€55.8m
€70.8m
€46.0m
€50.1m
€49.0m
▼ 2.2%
Change in stocks: decrease (increase)609
-
-
-
-€7.6m
-€3.6m
€9.3m
-€2.5m
€2.3m
-
Services and other goods61
-
-
-
€19.1m
€20.8m
€17.4m
€17.6m
€17.6m
=
Remuneration, social security and pensions62
-
-
-
€15.7m
€15.9m
€17.9m
€19.3m
€19.8m
▲ 2.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€1.4m
€1.9m
€1.8m
€1.9m
€2.3m
€2.8m
€3.3m
€3.8m
▲ 13.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
-
-
-
-€0.008m
€0.007m
-€0.002m
€0
-€0.006m
-
Provisions for liabilities and charges: additions (uses and reversals)635/8
-
-
-
-€0.6m
-€0.7m
-€0.6m
-€0.2m
-€0.08m
▲ 57.5%
Other operating charges640/8
-
-
-
€0.2m
€0.07m
€0.09m
€0.1m
€0.08m
▼ 19.5%
Non-recurring operating charges66A
-
-
-
€0.03m
€0.005m
€0.02m
€0
-
-
Operating profit (loss)9901
-€1.2m
€0.9m
€2.1m
€6.1m
€4.0m
€0.3m
€1.8m
-€1.8m
-
Financial income75/76B
-
-
-
€0.4m
€0.3m
€0.3m
€0.4m
€0.5m
▲ 35.6%
Recurring financial income75
€0.09m
€0.1m
€0.1m
€0.4m
€0.3m
€0.3m
€0.4m
€0.5m
▲ 35.6%
Income from current assets751
-
-
-
€0.09m
€0.08m
€0.08m
€0.2m
€0.3m
▲ 84.0%
Other financial income752/9
-
-
-
€0.3m
€0.2m
€0.2m
€0.2m
€0.2m
▼ 8.3%
Financial charges65/66B
-
-
-
€1.2m
€1.5m
€1.2m
€1.1m
€1.1m
▼ 1.4%
Recurring financial charges65
€1.0m
€0.9m
€0.9m
€1.2m
€1.5m
€1.2m
€1.1m
€1.1m
▼ 1.4%
Debt charges650
€186
€0.001m
€0.001m
€0.02m
€0.02m
€0.06m
€0.08m
€0.07m
▼ 13.9%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651
-
-
-
-
-
-€0.03m
-€0.01m
-€0.01m
▼ 21.5%
Other financial charges652/9
-
-
-
€1.2m
€1.5m
€1.1m
€1.1m
€1.1m
▼ 0.2%
Profit (loss) for the period before taxes9903
-€2.0m
€0.08m
€1.3m
€5.3m
€2.7m
-€0.6m
€1.0m
-€2.5m
-
Transfer from deferred taxes780
-
-
-
€0.002m
€0.002m
€0.002m
€0.001m
€258
▼ 82.5%
Income taxes67/77
€0.05m
€0.001m
€0.2m
€1.3m
€0.6m
€0.02m
€0.2m
€0.002m
▼ 99.0%
Taxes670/3
-
-
-
€1.3m
€0.6m
€0.02m
€0.2m
€0.002m
▼ 99.0%
Profit (loss) for the period9904
-€2.1m
€0.08m
€1.1m
€4.0m
€2.1m
-€0.6m
€0.8m
-€2.5m
-
Transfer from tax-exempt reserves789
-
-
-
€1.0m
€0.007m
€0.007m
€0.004m
€0.001m
▼ 82.5%
Profit (loss) for the period to be appropriated9905
-€2.9m
€0.08m
€1.5m
€5.0m
€2.1m
-€0.6m
€0.8m
-€2.5m
-
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€23.9m
€25.5m
€25.2m
€51.7m
€56.4m
€50.8m
€52.0m
€48.9m
▼ 5.9%
Fixed assets21/28
€3.6m
€4.0m
€2.8m
€8.7m
€12.3m
€13.1m
€12.6m
€12.7m
▲ 1.4%
Intangible fixed assets21
-
-
-
-
-
€0.02m
€0.02m
€0.01m
▼ 29.9%
Tangible fixed assets22/27
€3.6m
€4.0m
€2.8m
€8.7m
€12.3m
€13.1m
€12.5m
€12.7m
▲ 1.4%
Land and buildings22
-
-
-
€0.1m
€0.2m
€0.5m
€0.5m
€0.6m
▲ 31.4%
Plant, machinery and equipment23
-
-
-
€7.7m
€10.9m
€11.3m
€10.7m
€10.8m
▲ 1.1%
Furniture and vehicles24
-
-
-
€0.8m
€1.1m
€1.3m
€1.3m
€1.2m
▼ 6.1%
Leasing and similar rights25
-
-
-
€0.05m
€0.02m
€0.005m
€0
-
-
Financial fixed assets28
-
-
-
€0.02m
€0.02m
€0.02m
€0.04m
€0.04m
=
Other financial fixed assets284/8
-
-
-
€0.02m
€0.02m
€0.02m
€0.04m
€0.04m
=
Amounts receivable and cash guarantees285/8
-
-
-
€0.02m
€0.02m
€0.02m
€0.04m
€0.04m
=
Current assets29/58
€20.3m
€21.5m
€22.4m
€43.0m
€44.1m
€37.7m
€39.5m
€36.2m
▼ 8.3%
Stocks and contracts in progress3
€5.6m
€5.0m
€5.0m
€19.4m
€23.7m
€15.6m
€17.7m
€15.6m
▼ 11.9%
Stocks30/36
-
-
-
€19.4m
€23.7m
€15.6m
€17.7m
€15.6m
▼ 11.9%
Raw materials and consumables30/31
-
-
-
€16.3m
€19.9m
€10.6m
€13.2m
€10.9m
▼ 17.6%
Work in progress32
-
-
-
€3.1m
€3.8m
€5.0m
€4.5m
€4.7m
▲ 4.9%
Amounts receivable within one year40/41
€5.4m
€4.4m
€4.6m
€7.9m
€7.0m
€7.8m
€7.9m
€11.3m
▲ 42.0%
Trade receivables40
-
-
-
€7.5m
€6.6m
€7.1m
€6.7m
€9.9m
▲ 48.3%
Other amounts receivable41
-
-
-
€0.4m
€0.4m
€0.7m
€1.2m
€1.3m
▲ 7.8%
Current investments50/53
€5.8m
€6.3m
€7.3m
€12.4m
€12.2m
€12.4m
€11.7m
€7.1m
▼ 39.7%
Other investments51/53
-
-
-
€12.4m
€12.2m
€12.4m
€11.7m
€7.1m
▼ 39.7%
Cash at bank and in hand54/58
€3.1m
€5.5m
€5.3m
€3.1m
€1.1m
€1.8m
€2.0m
€2.2m
▲ 8.1%
Deferred charges and accrued income490/1
-
-
-
€0.06m
€0.1m
€0.07m
€0.05m
€0.06m
▲ 19.6%
Equity and liabilities
Total equity and liabilities10/49
€23.9m
€25.5m
€25.2m
€51.7m
€56.4m
€50.8m
€52.0m
€48.9m
▼ 5.9%
Equity10/15
€12.3m
€12.4m
€13.5m
€35.9m
€38.0m
€37.4m
€38.2m
€35.7m
▼ 6.4%
Contributions10/11
€0.4m
€0.4m
€0.4m
€4.6m
€4.6m
€4.6m
€4.6m
€4.6m
=
Capital10
-
-
-
€4.6m
€4.6m
€4.6m
€4.6m
€4.6m
=
Issued capital100
-
-
-
€4.6m
€4.6m
€4.6m
€4.6m
€4.6m
=
Reserves13
€12.0m
€12.0m
€13.1m
€31.3m
€33.4m
€32.8m
€33.6m
€31.1m
▼ 7.3%
Non-distributable reserves130/1
-
-
-
€0.5m
€0.5m
€0.5m
€0.5m
€0.5m
=
Legal reserve130
-
-
-
€0.5m
€0.5m
€0.5m
€0.5m
€0.5m
=
Tax-exempt reserves132
-
-
-
€0.05m
€0.05m
€0.04m
€0.03m
€0.03m
▼ 2.2%
Distributable reserves133
-
-
-
€30.7m
€32.9m
€32.3m
€33.1m
€30.6m
▼ 7.4%
Investment grants15
-
-
-
€0.01m
€0.01m
€0.01m
€0.01m
€0.01m
=
Provisions and deferred taxes16
€1.5m
€1.2m
€1.0m
€1.9m
€1.2m
€0.6m
€0.4m
€0.3m
▼ 21.1%
Provisions for liabilities and charges160/5
-
-
-
€1.9m
€1.2m
€0.6m
€0.4m
€0.3m
▼ 21.1%
Other liabilities and charges164/5
-
-
-
€1.9m
€1.2m
€0.6m
€0.4m
€0.3m
▼ 21.1%
Deferred taxes168
-
-
-
€0.006m
€0.004m
€0.002m
€258
€0
▼ 100%
Amounts payable17/49
€10.1m
€11.9m
€10.7m
€13.9m
€17.2m
€12.8m
€13.4m
€12.9m
▼ 4.0%
Amounts payable after more than one year17
€0.03m
€0.03m
€0.02m
€0.02m
€0.005m
€0
-
-
-
Financial debts170/4
-
-
-
€0.02m
€0.005m
€0
-
-
-
Leasing and similar obligations172
-
-
-
€0.02m
€0.005m
€0
-
-
-
Amounts payable within one year42/48
€10.0m
€11.9m
€10.6m
€13.8m
€17.1m
€12.7m
€13.4m
€12.8m
▼ 3.9%
Current portion of amounts payable after more than one year42
-
-
-
€0.03m
€0.01m
€0.004m
€0
-
-
Trade debts44
€8.1m
€10.2m
€9.2m
€10.6m
€11.1m
€7.0m
€7.2m
€7.6m
▲ 6.7%
Suppliers440/4
-
-
-
€10.6m
€11.1m
€7.0m
€7.2m
€7.6m
▲ 6.7%
Taxes, remuneration and social security45
-
-
-
€3.2m
€2.9m
€2.7m
€3.2m
€3.2m
▼ 0.1%
Taxes450/3
-
-
-
€0.7m
€0.8m
€0.05m
€0.4m
€0.4m
▼ 6.9%
Remuneration and social security454/9
-
-
-
€2.5m
€2.2m
€2.6m
€2.8m
€2.8m
▲ 0.9%
Other amounts payable47/48
-
-
-
-
€3.0m
€3.0m
€3.0m
€2.0m
▼ 33.3%
Accrued charges and deferred income492/3
-
-
-
€0.08m
€0.1m
€0.08m
€0.08m
€0.06m
▼ 25.1%
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
-€2.1m
€0.08m
€1.1m
€4.0m
€2.1m
-€0.6m
€0.8m
-€2.5m
-
+ Depreciation and write-downs630
€1.4m
€1.9m
€1.8m
€1.9m
€2.3m
€2.8m
€3.3m
€3.8m
▲ 13.9%
Operating cash flow (approximation)
-€0.6m
€2.0m
€2.9m
€5.9m
€4.4m
€2.2m
€4.1m
€1.3m
▼ 67.8%
Investment in fixed assets (approximation)
-
-€2.3m
-€0.7m
-€7.8m
-€5.9m
-€3.7m
-€2.8m
-€4.0m
▼ 43.3%
Change in cash
-
€2.4m
-€0.3m
-€2.1m
-€2.1m
€0.8m
€0.2m
€0.2m
▼ 15.5%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Of the 191 active companies whose main activity is manufacture of basic metals (NACE 24100), figures are known for 138. 33 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
Flemish government
Subsidies and aid from the Flemish government to this company. Public aid says something about projects and the obligations that come with it.
4 entries · €62,864 · €62,864 paid · Departement Werk en Sociale Economie
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
Directors
Who runs the company today and since when, grouped the way the KBO groups its office holders. Many recent board changes are a reason to keep a close eye.
under verification, last change in 2022
This board is reconstructed from a single act (22118917). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Not every act has been read: a resignation may still be missing
13 of this company's 18 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
The company's story in a few sentences, from the company register, the Belgian Official Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
On 20 June 1986, PROTEC was incorporated.1Turnover went from €59.3m in 2018 to €89.2m in 2025 and headcount from 157 to 310 full-time equivalents.2
Other provision, “neerlegging bijzondere verklaring bestuurders vereniging alle aandelen in één hand, artikel 2:8 §4 van het Wetboek van vennootschappen en verenigingen” (deed in Dutch)
Director in office, BV FRANSSEN E. (director)
Permanent representative, Edwin Franssen
25-07
NBB filingAnnual accounts filed
financial year 2022 · full format
2022
06-10
Gazette deedReappointments: CVOA LAUVLIE, CVOA MYK and 2 others
FinancialHighest result from 2018 to 2025net €4.0m ▲261%
Operating result €6.1m, net result €4.0m, both a record.
31-12
FinancialEquity above €25mequity €35.9m ▲166%
3 profitable years in a row build equity to €35.9m.
22-07
NBB filingAnnual accounts filed
financial year 2020 · full format
2020
23-07
NBB filingAnnual accounts filed
financial year 2019 · full format
2019
31-12
FinancialBack to profitnet €78,640
Net result €78,640 after one loss-making year.
24-07
NBB filingAnnual accounts filed
financial year 2018 · full format
2018
20-07
NBB filingAnnual accounts filed
financial year 2017 · full format
2017
19-07
NBB filingAnnual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 39 annual accounts filed, the latest 10 are here; all 39 are under Financials.
5 of 18 deeds read
About the unread acts
Of the 18 Belgian Official Gazette deeds we know for this company, 5 have been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.