PROTEL
ActivePROTEL has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €343k and a net result of €-20k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 64% of 11257 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability29▼-7
Solvency85=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 2.43 against 3.48 in 2024; short-term debt: 8.5% and cash: 15.6% of total assets), and 40.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-20k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
1 d early
2023
2 d late
2022
3 d early
2021
26 d late
2020
31 d late
2019
56 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-20k▼ 14.3%
2024 · €-17k
2018: €17k
2019: €7k
2020: €10k
2021: €3k
2022: €2k
2023: €-13k
2024: €-17k
2018 → 2025
Working capital
€70k▼ 23.0%
2024 · €91k
2018: €340k
2019: €330k
2020: €138k
2021: €138k
2022: €120k
2023: €104k
2024: €91k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€391k-€393k▲ 0.5%€380k▼ 3.3%€363k▼ 4.6%€343k▼ 5.5%
Operating result€6k-€3k▼ 52.5%€-13k€-19k▼ 42.4%€-22k▼ 13.5%
Net result€3k-€2k▼ 31.4%€-13k€-17k▼ 35.0%€-20k▼ 14.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €22k in 2025 against €19k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €573k
Fixed assets
€454k▼ 4.4%
Current assets
€119k▼ 6.9%
Equity and liabilities €573k
Equity
€343k▼ 5.5%
Provisions
€97k▼ 4.6%
Debt
€132k▼ 3.7%
The debt ratio rises from 22.8% to 23.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5k▼
2024 · €8k
Cash flow
€7k▼
2024 · €10k
Solvency
59.9%▼
2024 · 60.3%
Current ratio
2.43▼
2024 · 3.48
Quick ratio
2.07▼
2024 · 3.07
Debt / equity
0.39▲
2024 · 0.38
ROE
-5.8%▼
2024 · -4.8%
ROA
-3.5%▼
2024 · -2.9%
Interest coverage
1.75▼
2024 · 2.45
Debt
€132k▼
2024 · €138k
Debt ≤ 1 year
€49k▲
2024 · €37k
Debt > 1 year
€84k▼
2024 · €101k
Income taxes
€143▲
2024 · €133
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€602k€573k▼
Fixed assets21/28€475k€454k▼
Tangible fixed assets22/27€474k€453k▼
Land and buildings22€448k€429k▼
Plant, machinery and equipment23€16k€19k▲
Furniture and vehicles24€10k€6k▼
Financial fixed assets28€835€835=
Current assets29/58€127k€119k▼
Stocks and contracts in progress3€15k€18k▲
Stocks30/36€15k€18k▲
Amounts receivable within one year40/41€7k€11k▲
Trade receivables40€18€687▲
Other amounts receivable41€7k€11k▲
Cash at bank and in hand54/58€105k€90k▼
Equity and liabilities
Total equity and liabilities10/49€602k€573k▼
Equity10/15€363k€343k▼
Contributions10/11€19k€19k=
Reserves13€218k€209k▼
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Tax-exempt reserves132€216k€207k▼
Distributable reserves133€2k-
Profit (loss) carried forward14€127k€116k▼
Provisions and deferred taxes16€102k€97k▼
Deferred taxes168€102k€97k▼
Amounts payable17/49€138k€132k▼
Amounts payable after more than one year17€101k€84k▼
Financial debts170/4€101k€84k▼
Amounts payable within one year42/48€37k€49k▲
Current portion of amounts payable after more than one year42€19k€17k▼
Trade debts44€8k€10k▲
Suppliers440/4€8k€10k▲
Advances received on contracts in progress46€2k€2k▲
Taxes, remuneration and social security45€1k€3k▲
Taxes450/3€1k€3k▲
Other amounts payable47/48€6k€17k▲
Income statement
Code20242025
Non-recurring operating income76A€2k€6k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€27k▼
Other operating charges640/8€4k€5k▲
Gross operating margin9900€12k€11k▼
Operating profit (loss)9901€-19k€-22k▼
Financial income75/76B€586€345▼
Recurring financial income75€586€345▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€-22k€-24k▼
Transfer from deferred taxes780€5k€5k=
Income taxes67/77€133€143▲
Profit (loss) for the period9904€-17k€-20k▼
Transfer from tax-exempt reserves789€9k€9k=
Profit (loss) for the period to be appropriated9905€-8k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€127k€116k▼
Profit (loss) brought forward from the previous period14P€135k€127k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 56 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Waterloo · 1 establishment unit since 1984
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.
Chaussée de Bruxelles 3141410 WaterlooGround area
529 m²
Building footprint
101 m²
Parcel 25110A0336/00B000, Wallonia. Linked by address, not a title deed.
1 establishment unit
PROTEL SPRL
since 19842.025.398.897
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110A0336/00B000 | Wallonia | 529 m² | 1 · 101 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Van Dyck Specials
BE 0421.340.482
Namur · Eq €345k
LIPIKO
BE 0837.977.357
Tubize · Eq €340k
C & M
BE 0863.736.302
Antwerpen · Eq €348k
PAUWELS
BE 0450.225.005
Hasselt · Eq €338k
BUDO Michel
BE 0443.451.831
Oreye · Eq €337k
Of 828 companies in sector 46620 we hold annual accounts for 642. 512 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-09-1984
Fiscal year end31-12
Activities, NACEBEL
46620Wholesale of machine tools
47789Other retail sale of new goods
52498
52740
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.