PROTECTSYS

Active

Private limited company (pre-2019)founded 201610 yrs activeNellie Melbalaan 28, 1070 Anderlecht, BelgiumKBO/BCE: BE 0652.978.957

The computed 12-month bankruptcy probability of PROTECTSYS is 1.5% (moderate). The 2024 annual accounts show equity of €133k and a net result of €26k. Equity is growing by ~44.9% per year across the filed fiscal years. Its solvency ranks better than 84% of 26057 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

93 / 100

Excellent= vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability97▼-3

Solvency100=

Growth78=

Stability100

Bankruptcy probability, 12 months

1.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €12k at 30 days acceptable

Liquidity ample (current ratio 3.24 against 4.12 in 2023), and 25.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-10-2025, 89 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 8 filings

Deviation from the deadline

2025

not confirmed

2024

89 d late

2023

57 d late

2022

78 d late

2021

92 d late

2020

255 d late

2019

221 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€133k▲ 24.1%

2023 · €107k

2018: €10k 2019: €27k 2020: €34k 2021: €44k 2022: €76k 2023: €107k

2018 → 2024

Total assets

€178k▲ 31.3%

2023 · €136k

2018: €13k 2019: €44k 2020: €54k 2021: €58k 2022: €161k 2023: €136k

2018 → 2024

Net result

€26k▼ 17.8%

2023 · €31k

2018: €6k 2019: €17k 2020: €7k 2021: €10k 2022: €32k 2023: €31k

2018 → 2024

Working capital

€102k▲ 13.3%

2023 · €90k

2018: €9k 2019: €27k 2020: €32k 2021: €42k 2022: €75k 2023: €90k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€34k-€44k▲ 28.2%€76k▲ 73.0%€107k▲ 41.6%€133k▲ 24.1%

Operating result€7k-€9k▲ 38.7%€42k▲ 358%€43k▲ 1.4%€37k▼ 15.0%

Net result€7k-€10k▲ 44.6%€32k▲ 232%€31k▼ 1.4%€26k▼ 17.8%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 15% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €178k

17.1%

82.9%

Fixed assets €31k▲ 82.9%

Current assets €148k▲ 24.0%

Equity and liabilities €178k

74.5%

25.5%

Equity €133k▲ 24.1%

Debt €46k▲ 57.6%

The debt ratio rises from 21.3% to 25.5%: debt grows faster than equity.

Key figures and ratios

2024 value · change against 2023

EBITDA

€45k▼

2023 · €46k

Cash flow

€34k▼

2023 · €34k

Solvency

74.5%▼

2023 · 78.7%

Current ratio

3.24▼

2023 · 4.12

Quick ratio

3.24▼

2023 · 4.12

Debt / equity

0.34▲

2023 · 0.27

ROE

19.4%▼

2023 · 29.4%

ROA

14.5%▼

2023 · 23.1%

Interest coverage

243.74▲

2023 · 196.32

Debt

€46k▲

2023 · €29k

Debt ≤ 1 year

€46k▲

2023 · €29k

Income taxes

€11k▼

2023 · €11k

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€136k€178k▲

Fixed assets21/28€17k€31k▲

Tangible fixed assets22/27€17k€31k▲

Plant, machinery and equipment23€4k€2k▼

Furniture and vehicles24€11k€27k▲

Other tangible fixed assets26€2k€999▼

Current assets29/58€119k€148k▲

Amounts receivable within one year40/41€105k€127k▲

Trade receivables40€34k€18k▼

Other amounts receivable41€71k€109k▲

Cash at bank and in hand54/58€14k€20k▲

Equity and liabilities

Total equity and liabilities10/49€136k€178k▲

Equity10/15€107k€133k▲

Contributions10/11€6k€6k=

Profit (loss) carried forward14€101k€127k▲

Amounts payable17/49€29k€46k▲

Amounts payable within one year42/48€29k€46k▲

Trade debts44€1k€18k▲

Suppliers440/4€1k€18k▲

Advances received on contracts in progress46€5k€5k=

Taxes, remuneration and social security45€23k€22k▼

Taxes450/3€23k€22k▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€8k▲

Other operating charges640/8€18€4k▲

Gross operating margin9900€46k€49k▲

Operating profit (loss)9901€43k€37k▼

Financial income75/76B€3€0▼

Recurring financial income75€3€0▼

Financial charges65/66B€234€184▼

Recurring financial charges65€234€184▼

Profit (loss) for the period before taxes9903€43k€36k▼

Income taxes67/77€11k€11k▼

Profit (loss) for the period9904€31k€26k▼

Profit (loss) for the period to be appropriated9905€31k€26k▼

Appropriation of the result

Profit (loss) to be appropriated9906€101k€127k▲

Profit (loss) brought forward from the previous period14P€69k€101k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 3Filings 8

2025

28-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 89 days late

2024

26-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 57 days late

2023

31-12

Financial Liquidity doublescurrent ratio 4.12

Current ratio from 1.87 to 4.12; short-term debt falls from €85k to €29k.

31-12

Financial Equity above €100kEq €107k ▲41.6%

6 profitable years in a row build equity to €107k.

17-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 78 days late

2022

31-12

Financial Highest result since 2018net €32k ▲232%

Net result €32k, the highest in the series.

31-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 92 days late

12-04

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 255 days late

2021

09-03

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 221 days late

2019

29-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 29 days late

2018

17-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 17 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Anderlecht · 1 establishment unit since 2016

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.

Nellie Melbalaan 281070 Anderlecht

Ground area

324 m²

Building footprint

311 m²

Volume, LiDAR

4,452 m³

2 parcels, Brussels · tallest building 22.5 m, ±7 floors. Linked by address, not a title deed.

1 establishment unit

PROTECTSYS

Anspachlaan 73-75, 1000 BrusselRetail trade

since 20162.253.342.266

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21811M0970/00D002 ProtectedMonumentEtablissement Au SuisseSource ↗	Brussels	170 m²	1 · 157 m²	22.5 m · 7 fl.
21308H0601/00A009	Brussels	154 m²	1 · 154 m²	21.9 m · 3 fl.