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PROTECH EUROPE

Active
Public limited companyfounded 200422 years activeRue du Muturnia(H) 299, 6220 Fleurus, BelgiumKBO/BCE: BE 0866.299.377
Summary

The computed 12-month bankruptcy probability of PROTECH EUROPE is 5.8% (elevated). The 2024 annual accounts show negative equity (-€1.7m) and a net result of -€196,348. Equity is shrinking by ~21.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 15,868 sector peers (NACE 46, fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Wholesale of other food products
NACE 46389
2 sites
Size
€566,072total assets 2024
Staff
0.5 FTE
Equity
-€1.7m
Loss
-€196,348
Financial health
33 Weak Checked score 2024
Bankruptcy probability, 12 months
5.8%
Structure
Accounts 68 days overdue0 of 9 deeds read
Why 33- 1 financial year not filed after the legal deadline; latest accounts 243 days late; 3 of the last 3 late- Loss of €196,348, the second in a row (FY 2024)- Liquidity: current ratio 0.24, cash €6,430+ Founded in 2004Show the evidence

Checked score

Score 2024
33 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 10% of its sector peers (NACE 46, micro)
Financial strength · tick = 2023
Weak
Solvency 0=
equity -295.1% of total assets
Liquidity 1=
short-term debt 395.1% · cash 1.1%
Profitability 0=
return on assets -34.7%
Bankruptcy probability, 12 months
5.8% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,858 companies)
Last 24 months 11-2024: 5.7% 12-2024: 6.6%▲ +0.9 percentage points vs 11-2024 01-2025: 9.2%▲ +2.6 percentage points vs 12-2024 02-2025: 9.2%● unchanged vs 01-2025 03-2025: 9.3%▲ +0.1 percentage points vs 02-2025 04-2025: 8.5%▼ -0.8 percentage points vs 03-2025 05-2025: 8.5%● unchanged vs 04-2025 06-2025: 8.5%● unchanged vs 05-2025 07-2025: 8.5%● unchanged vs 06-2025 08-2025: 10.7%▲ +2.2 percentage points vs 07-2025 09-2025: 10.7%● unchanged vs 08-2025 10-2025: 10.7%● unchanged vs 09-2025 11-2025: 10.7%● unchanged vs 10-2025 12-2025: 7.9%▼ -2.8 percentage points vs 11-2025 01-2026: 11.6%▲ +3.7 percentage points vs 12-2025 02-2026: 11.6%● unchanged vs 01-2026 03-2026: 11.9%▲ +0.3 percentage points vs 02-2026highest value 04-2026: 11.0%▼ -0.9 percentage points vs 03-2026 05-2026: 5.4%▼ -5.6 percentage points vs 04-2026 06-2026: 5.4%● unchanged vs 05-2026 07-2026: 5.3%▼ -0.1 percentage points vs 06-2026lowest value 08-2026: 5.7%▲ +0.4 percentage points vs 07-2026 09-2026: 5.3%▼ -0.4 percentage points vs 08-2026 10-2026: 5.8%▲ +0.5 percentage points vs 09-2026
No credit on open account
Liquidity short (current ratio 0.24 against 0.28 in 2023; short-term debt: 395.1% and cash: 1.1% of total assets), and equity is negative.
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 (NACE 46, micro): better than 6% on solvency, 4% on liquidity, 6% on profitability and 23% on growth.

The bankruptcy probability was computed on 06-10-2026 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).

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Signals

Six signals.
−lowers risk+raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 243 days late; 3 of the last 3 late
NBB · filings
lowers risk · Founded in 2004
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Loss of €196,348, the second in a row (FY 2024)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.24, cash €6,430
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€1.7m
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-03-2026, 243 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
243 days late
2023
461 days late
2022
275 days late
2021
640 days late
2020
177 days late
2019
52 days 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 308 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Annual accounts filedfiscal year 2022 · micro…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€1.7m View
  • Risk: 7 loss-making years in a rowloss fiscal year 2024 -€196,348 View
  • Caution: Among the weakest 5% on solvencysector median 39.4% · 15,868 companies -295.1% View
  • Caution: Accounts not fileddeadline was 31-07-2026 68 days late View
  • Positive: Result rose in 2024from -€349,364 to -€196,348 ▲ 43.8% View

By topic

Financials

Fiscal year
2024
Total assets
€566,072
Loss
-€196,348
Solvency
-295.1%
Turnover▲ 6.3%
Net result
20212022
Go to Financials

Timeline

Events
10
Since
2016
  1. 01-05-2024Annual accounts filed
  2. 24-01-2022Annual accounts filed
  3. 21-09-2020Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Wholesale of other food productsNACE 46389
Founded
12-07-2004
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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