PROTEC ENGINEERING
InactiveOverview
Activity
“De studie,het ontwerp,de realisatie en de toepassing van industriële installaties en hun komponenten rekening…” (deed in Dutch)
From the articlesNo NACE code in the KBO yet
Size
€363,345total assets 2022
- Equity
- €67,425
- Profit
- €2,682
Turnover not published (abbreviated format)
Financial health
Inactive: no score
Structure
2 of 6 deeds summarised
SignalsneutralLatest accounts filed on timeShow the evidence
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 03-07-2023, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2022
28 days early
2021
38 days early
2020
25 days early
2019
9 days early
2018
7 days early
2017
28 days late
2016
21 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 8 days before the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.
Searched, nothing found (1)
- Restructuring · End & cessationDeclaration · Merger · Accounting…
- Annual accounts filedfinancial year 2022 · abbreviated…
- Restructuring · MiscellaneousMerger · Accounting effect ·…
Financials · 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.
Directors
Directors
No directors read yet: 2 of 6 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
No directors read yet: 2 of 6 Gazette acts processed.
Acquisitions and mergers
1 transactionTaken over by:M-TECH Milieucoördinatoren
History
Acts, filings and financial milestones
2023
04-08
Gazette deed
Restructuring · End & cessationDeclaration · Merger · Accounting effect9 facts ▸
Gazette deed
Restructuring · End & cessation
Declaration · Merger · Accounting effect9 facts ▸
- General meeting, 22-06-2023
- Other provision, “EERSTE BESLUIT-KENNISNAME DOCUMENTEN VERSLAGEN JAARREKENINGEN, laatste drie boekjaren” (deed in Dutch)
- Declaration, “TWEEDE BESLUIT-artikel 12:27 WVV”, 22-06-2023 (deed in Dutch)
- Merger, “gehele vermogen rechten en verplichtingen, zonder opleg in geld” (deed in Dutch)
- Accounting effect, 01-01-2023
- Declaration, “handelszaak vrij en onbelast” (deed in Dutch)
- Other provision, “VIERDE BESLUIT-BOEKHOUDKUNDIGE TOEWIJZING, geheel volgestorte aandelen op naam” (deed in Dutch)
- Dissolution, “van rechtswege en gelijktijdig, ontbinding zonder vereffening” (deed in Dutch)
- Other provision, “kwijting bestuurder overgenomen vennootschap tot datum fusie, ZESDE BESLUIT-KWIJTING BESTUURDERS” (deed in Dutch)
03-07
NBB filing
Annual accounts filed
financial year 2022 · abbreviated format
04-05
Gazette deed
Restructuring · MiscellaneousMerger · Accounting effect · Incorporation29 facts ▸
Gazette deed
Restructuring · Miscellaneous
Merger · Accounting effect · Incorporation29 facts ▸
- Merger, “fusie door overneming, gehele vermogen-zowel rechten als verplichtingen-als gevolg van ontbinding zonder vereffening” (deed in Dutch) (2 times)
- Accounting effect, 01-01-2023 (3 times)
- Other provision, “fusiekosten” (deed in Dutch)
- Other provision, “fiscaal en boekhoudkundig regime, art.211,§1 W.I.B.” (deed in Dutch)
- Other provision, “intern herstructureringsproject,vereenvoudiging groepsstructuur,centralisatie,synergie,kostenbesparing, zelfde groep” (deed in Dutch)
- Incorporation, 08-09-1999 (2 times)
- Other provision, “Ondernemingsrechtbank te Brussel, registerinschrijving” (deed in Dutch) (2 times)
- Capital (3 times)
- Shareholding, 767
- Board composition, Paul Biesemans (lid bestuursorgaan)
- Board composition, Michiel Boodts (lid bestuursorgaan) (3 times)
- Board composition, Peter De Bruyne (lid bestuursorgaan)
- +17 further facts in this act
2022
23-06
NBB filing
Annual accounts filed
financial year 2021 · abbreviated format
2021
06-07
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format
2020
31-12
Financial
Highest result from 2018 to 2022net €7,232 ▲387%
Operating result €11,773, net result €7,232, both a record.
22-07
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format
2019
24-07
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format
2018
28-08
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format · 28 days late
2017
21-08
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format · 21 days late
2016
26-08
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format · 26 days late
2015
18-08
NBB filing
Annual accounts filed
financial year 2014 · abbreviated format · 18 days late
2014
28-08
NBB filing
Annual accounts filed
financial year 2013 · abbreviated format · 28 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 34 annual accounts filed, the latest 10 are here; all 34 are under Financials.
2 of 6 deeds read
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De studie,het ontwerp,de realisatie en de toepassing van industriële installaties en hun komponenten rekening houdend met eisen van optimale…” (deed in Dutch)
Text of the purpose (deed in Dutch)
“De studie,het ontwerp,de realisatie en de toepassing van industriële installaties en hun komponenten rekening houdend met eisen van optimale werking uit het oogpunt van zowel energieverbruik als veiligheid en milieuimpakt”
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Protec Engineering
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Buro & Design Center,Esplanade 1 bus 16-1020 Brussel” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Saturday of June at 10:00