PROTEC ENGINEERING
InactiveFinancials · financial year 2022, abbreviated format
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€67,425▲ 4.1%
2021 · €64,743
Total assets
€363,345▼ 28.2%
2021 · €506,278
Net result
€2,682▼ 42.3%
2021 · €4,652
Working capital
€63,965▼ 1.2%
2021 · €64,743
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result has fallen two years in a row; 2022 is 26% below 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€7,257
2022
Net result€2,682
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€363,345
2022
Equity€67,425
2022
Debt€295,920
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€63,965
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result€3,347-€3,922▲ 17.2%€11,773▲ 200%€9,820▼ 16.6%€7,257▼ 26.1%
Net result€1,028-€1,486▲ 44.5%€7,232▲ 387%€4,652▼ 35.7%€2,682▼ 42.3%
Equity€51,373-€52,859▲ 2.9%€60,090▲ 13.7%€64,743▲ 7.7%€67,425▲ 4.1%
Total assets€294,870-€242,917▼ 17.6%€387,679▲ 59.6%€506,278▲ 30.6%€363,345▼ 28.2%
Debt€243,498-€190,059▼ 21.9%€327,589▲ 72.4%€441,535▲ 34.8%€295,920▼ 33.0%
Working capital€34,637-€33,148▼ 4.3%€60,090▲ 81.3%€64,743▲ 7.7%€63,965▼ 1.2%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €363,345
Fixed assets
€3,460
Current assets
€359,885
Equity and liabilities €363,345
Equity
€67,425 ▲ 4.1%
Debt
€295,920 ▼ 33.0%
Debt's share of the balance-sheet total falls from 87.2% to 81.4%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.22▲
2021 · 1.15
Debt to equity
4.39▼
2021 · 6.82
ROE
4.0%▼
2021 · 7.2%
ROA
0.7%▼
2021 · 0.9%
Debt ≤ 1 year
€295,920▼
2021 · €441,535
Income taxes
€894▼
2021 · €1,690
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 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €410 | €138 | ▼ 66.3% |
| Gross operating margin9900 | €4,302 | €5,766 | €12,183 | €10,229 | €7,395 | ▼ 27.7% |
| Operating profit (loss)9901 | €3,347 | €3,922 | €11,773 | €9,820 | €7,257 | ▼ 26.1% |
| Recurring financial income75 | €0 | €271 | €3 | - | - | - |
| Financial charges65/66B | - | - | - | €3,477 | €3,681 | ▲ 5.9% |
| Recurring financial charges65 | €1,887 | €1,887 | €1,912 | €3,477 | €3,681 | ▲ 5.9% |
| Profit (loss) for the period before taxes9903 | €1,460 | €2,306 | €9,864 | €6,342 | €3,576 | ▼ 43.6% |
| Income taxes67/77 | €432 | €820 | €2,633 | €1,690 | €894 | ▼ 47.1% |
| Profit (loss) for the period9904 | €1,028 | €1,486 | €7,232 | €4,652 | €2,682 | ▼ 42.3% |
| Profit (loss) for the period to be appropriated9905 | €1,028 | €1,486 | €7,232 | €4,652 | €2,682 | ▼ 42.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €294,870 | €242,917 | €387,679 | €506,278 | €363,345 | ▼ 28.2% |
| Formation expenses20 | €0 | - | €0 | - | - | - |
| Fixed assets21/28 | €16,736 | €19,711 | - | - | €3,460 | - |
| Intangible fixed assets21 | €0 | - | €0 | - | - | - |
| Financial fixed assets28 | €16,736 | €19,711 | €0 | - | €3,460 | - |
| Current assets29/58 | €278,134 | €223,206 | €387,679 | €506,278 | €359,885 | ▼ 28.9% |
| Stocks and contracts in progress3 | €0 | - | €0 | - | - | - |
| Amounts receivable within one year40/41 | €213,740 | €157,239 | €173,883 | €283,875 | €321,901 | ▲ 13.4% |
| Trade receivables40 | - | - | - | €268,319 | €312,962 | ▲ 16.6% |
| Other amounts receivable41 | - | - | - | €15,556 | €8,940 | ▼ 42.5% |
| Current investments50/53 | €0 | - | €0 | - | - | - |
| Cash at bank and in hand54/58 | €62,636 | €65,968 | €213,796 | €222,403 | €37,984 | ▼ 82.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €294,870 | €242,917 | €387,679 | €506,278 | €363,345 | ▼ 28.2% |
| Equity10/15 | €51,373 | €52,859 | €60,090 | €64,743 | €67,425 | ▲ 4.1% |
| Contributions10/11 | €18,900 | - | - | €18,900 | €18,900 | = |
| Reserves13 | €32,473 | €30,860 | €41,190 | €45,843 | €48,525 | ▲ 5.9% |
| Distributable reserves133 | - | - | - | €45,843 | €48,525 | ▲ 5.9% |
| Profit (loss) carried forward14 | €0 | - | €0 | - | - | - |
| Amounts payable17/49 | €243,498 | €190,059 | €327,589 | €441,535 | €295,920 | ▼ 33.0% |
| Amounts payable within one year42/48 | €243,498 | €190,059 | €327,589 | €441,535 | €295,920 | ▼ 33.0% |
| Trade debts44 | - | €1,102 | €70,791 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €4,322 | €1,793 | ▼ 58.5% |
| Taxes450/3 | - | - | - | €4,322 | €1,793 | ▼ 58.5% |
| Other amounts payable47/48 | - | - | - | €437,213 | €294,128 | ▼ 32.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,028 | €1,486 | €7,232 | €4,652 | €2,682 | ▼ 42.3% |
| + Depreciation and write-downs630 | €0 | - | €0 | - | - | - |
| Operating cash flow (approximation) | €1,028 | €1,486 | €7,232 | €4,652 | €2,682 | ▼ 42.3% |
| Investment in fixed assets (approximation) | - | -€2,975 | - | - | - | - |
| Change in cash | - | €3,332 | €147,829 | €8,607 | -€184,420 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | abbreviated format | 03-07-2023 | 2023-00193587 |
| 31-12-2021 | abbreviated format | 23-06-2022 | 2022-20090701 |
| 31-12-2020 | abbreviated format | 06-07-2021 | 2021-31500508 |
| 31-12-2019 | abbreviated format | 22-07-2020 | 2020-33900466 |
| 31-12-2018 | abbreviated format | 24-07-2019 | 2019-36500127 |
| 31-12-2017 | abbreviated format | 28-08-2018 | 2018-50700125 |
| 31-12-2016 | abbreviated format | 21-08-2017 | 2017-44500368 |
| 31-12-2015 | abbreviated format | 26-08-2016 | 2016-46900475 |
| 31-12-2014 | abbreviated format | 18-08-2015 | 2015-42800032 |
| 31-12-2013 | abbreviated format | 28-08-2014 | 2014-48400070 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.