PROTEQ
ActiveSummary
PROTEQ has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.7m and a net result of €183,310. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 92% of 5046 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330,000 at 30 days acceptable
Liquidity ample (current ratio 8.44 against 7.06 in 2024; short-term debt: 11.7% of total assets), and 11.7% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
88.3%
Return on assets
4.4%
Age of the figures
9 mo
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
31 d early
2023
41 d early
2022
26 d early
2022
25 d early
2021
41 d early
2020
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days before 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 (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?DOMO CHEMICALS HOLDING · 31 companies How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€183,310▼ 4.4%
2024 · €191,678
Working capital
€3.7m▲ 5.8%
2024 · €3.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222022202320242025
Operating result€156,732▼ 73.2%€90,961-€646,420▲ 611%€252,591▼ 60.9%€246,086▼ 2.6%
Net result€50,641within the sector's middle half▼ 86.6%€41,907within the sector's middle half-€483,046above the sector's middle half▲ 1,053%€191,678above the sector's middle half▼ 60.3%€183,310within the sector's middle half▼ 4.4%
Equity€2.8mabove the sector's middle half▲ 1.8%€2.8mabove the sector's middle half-€3.3mabove the sector's middle half▲ 17.0%€3.5mabove the sector's middle half▲ 5.8%€3.7mwithin the sector's middle half▲ 5.2%
Total assets€4.4mabove the sector's middle half▲ 18.5%€5.1mabove the sector's middle half-€3.7mabove the sector's middle half▼ 27.2%€4.1mabove the sector's middle half▲ 11.2%€4.2mwithin the sector's middle half▲ 2.5%
Debt€1.6m▲ 67.1%€2.2m-€349,958▼ 84.2%€570,534▲ 63.0%€491,525▼ 13.8%
Working capital€2.3mabove the sector's middle half▼ 14.1%€2.4mabove the sector's middle half-€3.2mabove the sector's middle half▲ 35.7%€3.5mabove the sector's middle half▲ 6.5%€3.7mwithin the sector's middle half▲ 5.8%
Solvency63.9%within the sector's middle half▼ 10.5pp56.3%within the sector's middle half-90.5%above the sector's middle half▲ 34.2pp86.1%above the sector's middle half▼ 4.4pp88.3%above the sector's middle half▲ 2.2pp
Current ratio2.42within the sector's middle half▼ 1.342.12within the sector's middle half-10.27above the sector's middle half▲ 8.157.06above the sector's middle half▼ 3.218.44above the sector's middle half▲ 1.38
Return on assets (ROA)1.2%within the sector's middle half▼ 9.0pp0.8%within the sector's middle half-13.1%above the sector's middle half▲ 12.3pp4.7%within the sector's middle half▼ 8.4pp4.4%within the sector's middle half▼ 0.3pp
Staff (FTE)8.3above the sector's middle half▼ 25.2%11above the sector's middle half-3.6within the sector's middle half▼ 67.3%1.9within the sector's middle half▼ 47.2%1.9below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2023 Net result +1,053% on 2022. The previous fiscal year ran 9 months, this one 12.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.2m
Fixed assets
€50,399 ▼ 26.6%
Current assets
€4.1m ▲ 3.0%
Equity and liabilities €4.2m
Equity
€3.7m ▲ 5.2%
Debt
€491,525 ▼ 13.8%
Debt's share of the balance-sheet total falls from 13.9% to 11.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€264,364▼
2024 · €272,293
Cash flow
€201,588▼
2024 · €211,381
Quick ratio
5.89▲
2024 · 3.96
Debt to equity
0.13▼
2024 · 0.16
ROE
4.9%▼
2024 · 5.4%
Interest coverage
9.80▼
2024 · 13.16
Debt ≤ 1 year
€491,525▼
2024 · €569,908
Income taxes
€59,156▼
2024 · €65,780
Staff costs
€121,873▲
2024 · €113,200
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,027 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €726,692 | €750,682 | €69,259 | €113,200 | €121,873 | ▲ 7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,999 | €15,248 | €20,314 | €19,702 | €18,278 | ▼ 7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€1,160 | €1,489 | €543 | €10,876 | €19,343 | ▲ 77.9% |
| Other operating charges640/8 | €11,653 | €9,958 | €2,711 | €1,675 | €31,437 | ▲ 1,777% |
| Gross operating margin9900 | €913,916 | €868,337 | €739,248 | €398,045 | €437,017 | ▲ 9.8% |
| Operating profit (loss)9901 | €156,732 | €90,961 | €646,420 | €252,591 | €246,086 | ▼ 2.6% |
| Financial income75/76B | €2,563 | €32,679 | €21,786 | €25,561 | €23,363 | ▼ 8.6% |
| Recurring financial income75 | €2,563 | €32,679 | €21,786 | €25,561 | €23,363 | ▼ 8.6% |
| Financial charges65/66B | €74,013 | €54,371 | €21,622 | €20,694 | €26,983 | ▲ 30.4% |
| Recurring financial charges65 | €74,013 | €54,371 | €21,622 | €20,694 | €26,983 | ▲ 30.4% |
| Profit (loss) for the period before taxes9903 | €85,281 | €69,268 | €646,584 | €257,459 | €242,466 | ▼ 5.8% |
| Income taxes67/77 | €34,641 | €27,361 | €163,538 | €65,780 | €59,156 | ▼ 10.1% |
| Profit (loss) for the period9904 | €50,641 | €41,907 | €483,046 | €191,678 | €183,310 | ▼ 4.4% |
| Transfer from tax-exempt reserves789 | €18,750 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €69,391 | €41,907 | €483,046 | €191,678 | €183,310 | ▼ 4.4% |
| Line | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.4m | €5.1m | €3.7m | €4.1m | €4.2m | ▲ 2.5% |
| Fixed assets21/28 | €552,937 | €538,693 | €88,379 | €68,677 | €50,399 | ▼ 26.6% |
| Intangible fixed assets21 | €4,142 | €2,740 | €1,236 | - | - | - |
| Tangible fixed assets22/27 | €118,794 | €105,954 | €87,143 | €68,677 | €50,399 | ▼ 26.6% |
| Furniture and vehicles24 | - | €1,004 | €654 | €319 | - | - |
| Other tangible fixed assets26 | €118,794 | €104,949 | €86,489 | €68,358 | €50,399 | ▼ 26.3% |
| Financial fixed assets28 | €430,000 | €430,000 | - | - | - | - |
| Current assets29/58 | €3.8m | €4.5m | €3.6m | €4.0m | €4.1m | ▲ 3.0% |
| Stocks and contracts in progress3 | €1.4m | €2.0m | €1.7m | €1.8m | €1.3m | ▼ 29.1% |
| Stocks30/36 | €1.4m | €2.0m | €1.7m | €1.8m | €1.3m | ▼ 29.1% |
| Amounts receivable within one year40/41 | €2.3m | €2.1m | €1.8m | €2.3m | €2.9m | ▲ 28.3% |
| Trade receivables40 | €1.9m | €2.0m | €371,280 | €393,814 | €422,766 | ▲ 7.4% |
| Other amounts receivable41 | €421,216 | €51,573 | €1.4m | €1.9m | €2.5m | ▲ 32.7% |
| Cash at bank and in hand54/58 | €120,702 | €367,886 | €46,715 | - | - | - |
| Deferred charges and accrued income490/1 | €6,047 | €33,432 | €615 | €2,848 | €2,104 | ▼ 26.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.4m | €5.1m | €3.7m | €4.1m | €4.2m | ▲ 2.5% |
| Equity10/15 | €2.8m | €2.8m | €3.3m | €3.5m | €3.7m | ▲ 5.2% |
| Contributions10/11 | €663,000 | €663,000 | €663,000 | €663,000 | €663,000 | = |
| Capital10 | €663,000 | €663,000 | €663,000 | €663,000 | €663,000 | = |
| Issued capital100 | €663,000 | €663,000 | €663,000 | €663,000 | €663,000 | = |
| Reserves13 | €2.1m | €2.2m | €2.7m | €2.9m | €3.0m | ▲ 6.4% |
| Non-distributable reserves130/1 | €66,300 | €66,300 | €66,300 | €66,300 | €66,300 | = |
| Legal reserve130 | €66,300 | €66,300 | €66,300 | €66,300 | €66,300 | = |
| Distributable reserves133 | €2.1m | €2.1m | €2.6m | €2.8m | €3.0m | ▲ 6.6% |
| Amounts payable17/49 | €1.6m | €2.2m | €349,958 | €570,534 | €491,525 | ▼ 13.8% |
| Amounts payable within one year42/48 | €1.6m | €2.1m | €349,958 | €569,908 | €491,525 | ▼ 13.8% |
| Financial debts43 | €25,013 | €57,626 | - | - | - | - |
| Credit institutions430/8 | €25,013 | €57,626 | - | - | - | - |
| Trade debts44 | €1.4m | €1.9m | €321,101 | €544,259 | €432,901 | ▼ 20.5% |
| Suppliers440/4 | €1.4m | €1.9m | €321,101 | €544,259 | €432,901 | ▼ 20.5% |
| Taxes, remuneration and social security45 | €158,935 | €205,951 | €28,857 | €25,649 | €58,624 | ▲ 129% |
| Taxes450/3 | €42,133 | €73,376 | €0 | €10,820 | €41,764 | ▲ 286% |
| Remuneration and social security454/9 | €116,802 | €132,575 | €28,857 | €14,829 | €16,860 | ▲ 13.7% |
| Accrued charges and deferred income492/3 | - | €80,000 | - | €626 | - | - |
| Line | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,641 | €41,907 | €483,046 | €191,678 | €183,310 | ▼ 4.4% |
| + Depreciation and write-downs630 | €19,999 | €15,248 | €20,314 | €19,702 | €18,278 | ▼ 7.2% |
| Operating cash flow (approximation) | €70,640 | €57,155 | €503,361 | €211,381 | €201,588 | ▼ 4.6% |
| Investment in fixed assets (approximation) | - | - | €430,000 | €0 | €0 | - |
| Change in cash | - | - | -€321,172 | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
07-07
State Gazette act
Permanent representatives: Evelien De Groote and Paul Eelen3 facts ▸
State Gazette act
Permanent representatives: Evelien De Groote and Paul Eelen
3 facts ▸
- General meeting, 18-06-2026
- Permanent representative, Evelien De Groote (permanent representative)
- Permanent representative, Paul Eelen (permanent representative)
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2019net €483,046 ▲1,053%
Operating result €646,420, net result €483,046, both a record.
31-12
Financial
Liquidity times 5current ratio 10.27
Current ratio from 2.12 to 10.27; short-term debt falls from €2.1m to €349,958.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €41,907 ▼17.2%
Net result drops to €41,907, the lowest in the series; recovery starts the following year.
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
20-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 20 acts read
About the unread acts
Of the 20 Belgian State Gazette acts we know for this company, 1 has been read. The other 19 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
20 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2002
Ground area
9,274 m²
Building footprint
6,407 m²
Volume, LiDAR
84,133 m³
Parcel 31807I0459/00N010, Flanders · tallest building 15.6 m, ±5 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Pathoekeweg 15, 8000 Brugge
since 20022.096.149.808
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31807I0459/00N010 | Flanders | 9,274 m² | 1 · 6,406 m² | 15.6 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
DOMO CHEMICALS HOLDING
31 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
Highest known parent: DOMO CHEMICALS HOLDING. The sources do not say who stands above it.
Owners 1
- DASSY EUROPEparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,307 companies in sector 46423 we hold annual accounts for 810. 277 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-06-2002
Fiscal year end31-12
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
46431Wholesale of electrical household appliances and audio-video equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477695306
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.