PROTIME has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.9m and a net result of €2.4m. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 54% of 1,677 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
SJONGERS BVChair · permanent representative Peter s'Jongers
SJONGERS CommVManaging director · permanent representative Peter s'Jongers
Auditor: Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises2025 accounts 73 days early
Why 95raises riskLiquidity: current ratio 1.19, cash €977,418lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Profit of €2.4m (financial year 2025)Legal form: public limited companyShow the evidence
Checked score
Score 2025
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
95/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 65% of its sector peers (NACE 62, large)
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Strong
Solvency69+5
equity 43.8% of total assets
Liquidity38-1
short-term debt 35.2% · cash 2.7%
Profitability77-3
return on assets 6.6%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
0.1%Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Sector median 0.2% (39 companies, NACE 62, large)
Last 24 months11-2024: 0.2%12-2024: 0.2%● unchanged vs 11-202401-2025: 0.2%● unchanged vs 12-202402-2025: 0.2%● unchanged vs 01-202503-2025: 0.2%● unchanged vs 02-202504-2025: 0.2%● unchanged vs 03-202505-2025: 0.2%● unchanged vs 04-2025highest value06-2025: 0.1%▼ -0.1 percentage points vs 05-202507-2025: 0.1%● unchanged vs 06-202508-2025: 0.1%● unchanged vs 07-202509-2025: 0.1%● unchanged vs 08-202510-2025: 0.1%● unchanged vs 09-202511-2025: 0.1%● unchanged vs 10-202512-2025: 0.1%● unchanged vs 11-202501-2026: 0.1%● unchanged vs 12-202502-2026: 0.1%● unchanged vs 01-202603-2026: 0.1%● unchanged vs 02-202604-2026: 0.1%● unchanged vs 03-202605-2026: 0.1%● unchanged vs 04-202606-2026: 0.1%● unchanged vs 05-2026lowest value07-2026: 0.1%● unchanged vs 06-2026lowest value08-2026: 0.1%● unchanged vs 07-2026lowest value09-2026: 0.1%● unchanged vs 08-2026lowest value10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €1,500,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.19, compared with 1.31 in 2024, below the usual 1.5; short-term debt: 35.2% and cash: 2.7% of total assets), and 56.2% of the assets are financed with debt and provisions.
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 62, large): better than 57% on solvency, 59% on liquidity, 78% on profitability and 65% on growth.
The bankruptcy probability was computed on 28-10-2026 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).
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 45 days before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 7 June (4 of the last 5 filed years within 30 days of that day).
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€36.3m2025Equity€15.9m2025Debt€20.3m2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€2.4m2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin4.9%2025Return on assets (ROA)6.6%2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency43.8%2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.192025
Average staff in full-time equivalents (FTE).
Staff (FTE)321.52025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
Net result€4.2m-€4.0m▼ 4.2%€4.2mabove the sector's middle half▲ 4.7%€4.5mabove the sector's middle half▲ 6.3%€4.4mabove the sector's middle half▼ 0.7%€1.6mabove the sector's middle half▼ 65.0%€3.6mabove the sector's middle half▲ 135%€2.4mabove the sector's middle half▼ 34.0%
Equity€6.3m-€6.6m▲ 4.0%€6.9mabove the sector's middle half▲ 4.4%€7.3mabove the sector's middle half▲ 6.9%€9.8mabove the sector's middle half▲ 33.3%€11.3mabove the sector's middle half▲ 15.9%€15.0mabove the sector's middle half▲ 32.2%€15.9mabove the sector's middle half▲ 6.0%
Total assets€13.9m-€15.8m▲ 14.0%€17.2mabove the sector's middle half▲ 8.7%€19.5mabove the sector's middle half▲ 13.4%€25.0mabove the sector's middle half▲ 28.0%€34.7mabove the sector's middle half▲ 38.8%€38.5mabove the sector's middle half▲ 11.1%€36.3mabove the sector's middle half▼ 5.9%
Working capital-€0.5m--€1.5m▼ 189%-€2.7mbelow the sector's middle half▼ 78.8%-€2.3mbelow the sector's middle half▲ 11.6%€0.6mwithin the sector's middle half€2.0mabove the sector's middle half▲ 203%€4.2mabove the sector's middle half▲ 114%€2.4mabove the sector's middle half▼ 41.7%
Solvency45.5%-41.5%▼ 4.0pp39.8%within the sector's middle half▼ 1.7pp37.5%within the sector's middle half▼ 2.3pp39.1%within the sector's middle half▲ 1.6pp32.6%within the sector's middle half▼ 6.5pp38.8%within the sector's middle half▲ 6.2pp43.8%within the sector's middle half▲ 4.9pp
Current ratio0.93-0.83▼ 0.100.72below the sector's middle half▼ 0.110.79below the sector's middle half▲ 0.071.05below the sector's middle half▲ 0.271.15within the sector's middle half▲ 0.101.31within the sector's middle half▲ 0.161.19within the sector's middle half▼ 0.12
Return on assets (ROA)30.2%-25.4%▼ 4.8pp24.4%above the sector's middle half▼ 0.9pp22.9%above the sector's middle half▼ 1.5pp17.8%above the sector's middle half▼ 5.1pp4.5%within the sector's middle half▼ 13.3pp9.5%within the sector's middle half▲ 5.0pp6.6%within the sector's middle half▼ 2.8pp
Staff (FTE)153.7-181.7▲ 18.2%188above the sector's middle half▲ 3.5%222.7above the sector's middle half▲ 18.5%250above the sector's middle half▲ 12.3%273.1above the sector's middle half▲ 9.2%309.5above the sector's middle half▲ 13.3%321.5above the sector's middle half▲ 3.9%
abovewithinbelowthe middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36.3m
58.1%
41.9%
Fixed assets€21.1m ▲ 0.6%
Current assets€15.2m ▼ 13.6%
Equity and liabilities €36.3m
43.8%
56.0%
Equity€15.9m ▲ 6.0%
Provisions€100,000
Debt€20.3m ▼ 13.9%
Debt's share of the balance-sheet total falls from 61.2% to 56.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€7.5m▼
2024 · €7.6m
Cash flow
€7.3m▼
2024 · €8.0m
Quick ratio
1.14▼
2024 · 1.27
Debt to equity
1.28▼
2024 · 1.58
ROE
15.2%▼
2024 · 24.3%
Interest coverage
23.52▲
2024 · 14.73
Debt ≤ 1 year
€12.8m▼
2024 · €13.4m
Debt > 1 year
€5.1m▼
2024 · €8.8m
Income taxes
€560,076▲
2024 · €431,029
Staff costs
€27.4m▲
2024 · €24.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 321 companies that looked in July 2024 the way this one looks now, 0.0% went bankrupt within 24 months and 97.5% are still going.
Large
20 years or older
solvency 30% or more
a profit of 5% of the balance sheet or more
0.0%went bankrupt
2.5%stopped otherwise
97.5%still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
The companies in ten equal groups, from lowest to highest expected share.
Group
Expected
Actual
1
0.2%
0.2%
2
0.3%
0.5%
3
0.5%
0.6%
4
0.7%
0.8%
5
0.9%
0.9%
6
1.3%
1.5%
7
1.6%
1.8%
8
1.8%
1.8%
9
3.0%
3.1%
10
5.6%
6.2%
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 321 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
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 93 lines
Balance sheetCode20242025
Assets
Total assets20/58€38.5m€36.3m▼
Fixed assets21/28€21.0m€21.1m▲
Intangible fixed assets21€6.3m€7.9m▲
Tangible fixed assets22/27€1.1m€1.1m▼
Plant, machinery and equipment23€1.0m€1.0m▲
Furniture and vehicles24€0.02m€0.01m▼
Other tangible fixed assets26€0.03m€0.02m▼
Financial fixed assets28€13.5m€12.1m▼
Affiliated companies280/1€13.5m€12.1m▼
Participating interests280€13.5m€12.1m▼
Other financial fixed assets284/8€0.01m€0.01m=
Amounts receivable and cash guarantees285/8€0.01m€0.01m=
Current assets29/58€17.6m€15.2m▼
Amounts receivable after more than one year29€0.2m-
Other amounts receivable291€0.2m-
Stocks and contracts in progress3€0.5m€0.6m▲
Stocks30/36€0.5m€0.6m▲
Goods purchased for resale34€0.5m€0.6m▲
Amounts receivable within one year40/41€14.5m€12.3m▼
Trade receivables40€13.9m€12.0m▼
Other amounts receivable41€0.6m€0.3m▼
Cash at bank and in hand54/58€1.3m€1.0m▼
Deferred charges and accrued income490/1€1.1m€1.3m▲
Equity and liabilities
Total equity and liabilities10/49€38.5m€36.3m▼
Equity10/15€15.0m€15.9m▲
Contributions10/11€2.4m€2.4m=
Capital10€0.08m€0.08m=
Issued capital100€0.08m€0.08m=
Contributions outside capital11€2.4m€2.4m=
Share premium1100/10€2.4m€2.4m=
Reserves13€1.9m€1.9m=
Non-distributable reserves130/1€0.008m€0.008m=
Legal reserve130€0.008m€0.008m=
Tax-exempt reserves132€1.0m€1.0m=
Distributable reserves133€0.9m€0.9m=
Profit (loss) carried forward14€10.7m€11.6m▲
Provisions and deferred taxes16-€0.1m
Provisions for liabilities and charges160/5-€0.1m
Other liabilities and charges164/5-€0.1m
Amounts payable17/49€23.6m€20.3m▼
Amounts payable after more than one year17€8.8m€5.1m▼
Financial debts170/4€8.1m€5.1m▼
Subordinated loans170€2.1m€2.1m=
Other loans174€6.0m€3.0m▼
Other amounts payable178/9€0.8m-
Amounts payable within one year42/48€13.4m€12.8m▼
Current portion of amounts payable after more than one year42€1.5m€1.5m=
Trade debts44€6.5m€5.1m▼
Suppliers440/4€6.5m€5.1m▼
Taxes, remuneration and social security45€4.5m€5.2m▲
Taxes450/3€0.6m€1.2m▲
Remuneration and social security454/9€3.9m€4.0m▲
Other amounts payable47/48€0.9m€0.9m▲
Accrued charges and deferred income492/3€1.4m€2.5m▲
Income statementCode20242025
Operating income70/76A€55.5m€60.7m▲
Turnover70€50.9m€53.9m▲
Own construction capitalised72€3.4m€4.2m▲
Other operating income74€1.2m€2.6m▲
Non-recurring operating income76A€38-
Operating charges60/66A€52.3m€58.1m▲
Goods for resale, raw materials and consumables60€3.9m€4.0m▲
Purchases600/8€3.9m€4.1m▲
Change in stocks: decrease (increase)609-€0.004m-€0.1m▼
Services and other goods61€18.2m€21.5m▲
Remuneration, social security and pensions62€24.9m€27.4m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4.4m€4.9m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.01m€0.06m▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0.1m
Other operating charges640/8€0.1m€0.04m▼
Non-recurring operating charges66A€0.7m€0.2m▼
Operating profit (loss)9901€3.2m€2.7m▼
Financial income75/76B€1.7m€1.4m▼
Recurring financial income75€1.7m€1.3m▼
Income from financial fixed assets750€1.6m€1.0m▼
Income from current assets751€0.06m€0.07m▲
Other financial income752/9€0.01m€0.3m▲
Non-recurring financial income76B-€0.03m
Financial charges65/66B€0.8m€1.1m▲
Recurring financial charges65€0.8m€0.9m▲
Debt charges650€0.5m€0.3m▼
Other financial charges652/9€0.3m€0.6m▲
Non-recurring financial charges66B-€0.2m
Profit (loss) for the period before taxes9903€4.1m€3.0m▼
Income taxes67/77€0.4m€0.6m▲
Taxes670/3€0.4m€0.6m▲
Tax adjustments and reversals of tax provisions77-€0.03m
Profit (loss) for the period9904€3.6m€2.4m▼
Profit (loss) for the period to be appropriated9905€3.6m€2.4m▼
Appropriation of the result
Profit (loss) to be appropriated9906€10.7m€13.1m▲
Profit (loss) brought forward from the previous period14P€7.0m€10.7m▲
Profit to be distributed694/7-€1.5m
Return on contributions (dividend)694-€1.5m
Social balance sheet
Average headcount (FTE)9087309.5321.5▲
The notes to these accounts (73 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Operating income70/76A
-
-
-
€35.6m
€40.2m
€48.0m
€55.5m
€60.7m
▲ 9.5%
Turnover70
€24.1m
€27.0m
€28.9m
€32.7m
€37.7m
€45.1m
€50.9m
€53.9m
▲ 5.9%
Own construction capitalised72
-
-
-
€2.1m
€2.2m
€2.5m
€3.4m
€4.2m
▲ 25.0%
Other operating income74
-
-
-
€0.9m
€0.4m
€0.4m
€1.2m
€2.6m
▲ 114%
Non-recurring operating income76A
-
-
-
€88
-
€0.04m
€38
-
-
Operating charges60/66A
-
-
-
€30.8m
€35.5m
€45.4m
€52.3m
€58.1m
▲ 11.1%
Goods for resale, raw materials and consumables60
-
-
-
€3.1m
€2.6m
€2.9m
€3.9m
€4.0m
▲ 1.5%
Purchases600/8
-
-
-
€3.0m
€2.9m
€2.9m
€3.9m
€4.1m
▲ 5.0%
Change in stocks: decrease (increase)609
-
-
-
€0.1m
-€0.3m
-€0.007m
-€0.004m
-€0.1m
▼ 3,740%
Services and other goods61
-
-
-
€9.3m
€11.4m
€14.1m
€18.2m
€21.5m
▲ 17.7%
Remuneration, social security and pensions62
-
-
-
€15.3m
€18.1m
€21.8m
€24.9m
€27.4m
▲ 10.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€1.2m
€1.7m
€2.3m
€2.7m
€3.3m
€6.1m
€4.4m
€4.9m
▲ 10.7%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
-
-
-
€0.02m
€0.02m
-€0.03m
€0.01m
€0.06m
▲ 435%
Provisions for liabilities and charges: additions (uses and reversals)635/8
-
-
-
-
-
-
-
€0.1m
-
Other operating charges640/8
-
-
-
€0.3m
€0.1m
€0.1m
€0.1m
€0.04m
▼ 62.1%
Non-recurring operating charges66A
-
-
-
€0.1m
-
€0.4m
€0.7m
€0.2m
▼ 76.3%
Operating profit (loss)9901
€4.1m
€4.5m
€4.2m
€4.9m
€4.6m
€2.6m
€3.2m
€2.7m
▼ 17.2%
Financial income75/76B
-
-
-
€0.5m
€0.8m
€0.4m
€1.7m
€1.4m
▼ 18.7%
Recurring financial income75
€0.6m
€0.5m
€1.2m
€0.5m
€0.8m
€0.4m
€1.7m
€1.3m
▼ 20.5%
Income from financial fixed assets750
-
-
-
€0.5m
€0.8m
€0.4m
€1.6m
€1.0m
▼ 37.5%
Income from current assets751
-
-
-
-
-
-
€0.06m
€0.07m
▲ 7.1%
Other financial income752/9
-
-
-
€0.03m
€0.03m
€0.07m
€0.01m
€0.3m
▲ 21×
Non-recurring financial income76B
-
-
-
-
€60
-
-
€0.03m
-
Financial charges65/66B
-
-
-
€0.2m
€0.2m
€0.4m
€0.8m
€1.1m
▲ 30.0%
Recurring financial charges65
€0.1m
€0.2m
€0.2m
€0.2m
€0.2m
€0.4m
€0.8m
€0.9m
▲ 7.8%
Debt charges650
€0.07m
€0.09m
€0.1m
€0.1m
€0.1m
€0.4m
€0.5m
€0.3m
▼ 38.1%
Other financial charges652/9
-
-
-
€0.04m
€0.07m
€0.02m
€0.3m
€0.6m
▲ 87.3%
Non-recurring financial charges66B
-
-
-
€0
-
-
-
€0.2m
-
Profit (loss) for the period before taxes9903
€4.5m
€4.8m
€5.1m
€5.2m
€5.3m
€2.7m
€4.1m
€3.0m
▼ 27.2%
Income taxes67/77
€0.3m
€0.8m
€0.9m
€0.8m
€0.8m
€1.1m
€0.4m
€0.6m
▲ 29.9%
Taxes670/3
-
-
-
€0.8m
€0.8m
€1.1m
€0.4m
€0.6m
▲ 36.4%
Tax adjustments and reversals of tax provisions77
-
-
-
-
-
€114
-
€0.03m
-
Profit (loss) for the period9904
€4.2m
€4.0m
€4.2m
€4.5m
€4.4m
€1.6m
€3.6m
€2.4m
▼ 34.0%
Transfer to tax-exempt reserves689
-
-
-
-
-
€1.0m
-
-
-
Profit (loss) for the period to be appropriated9905
€4.2m
€4.3m
€4.2m
€4.5m
€4.4m
€0.6m
€3.6m
€2.4m
▼ 34.0%
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€13.9m
€15.8m
€17.2m
€19.5m
€25.0m
€34.7m
€38.5m
€36.3m
▼ 5.9%
Fixed assets21/28
€7.1m
€8.6m
€10.4m
€10.8m
€12.6m
€19.9m
€21.0m
€21.1m
▲ 0.6%
Intangible fixed assets21
€2.7m
€5.0m
€6.4m
€6.7m
€8.5m
€6.6m
€6.3m
€7.9m
▲ 24.9%
Tangible fixed assets22/27
€0.6m
€0.9m
€1.3m
€1.3m
€1.4m
€1.5m
€1.1m
€1.1m
▼ 1.2%
Plant, machinery and equipment23
-
-
-
€0.01m
€1.0m
€1.0m
€1.0m
€1.0m
▲ 0.9%
Furniture and vehicles24
-
-
-
€0.5m
€0.4m
€0.4m
€0.02m
€0.01m
▼ 45.7%
Other tangible fixed assets26
-
-
-
€0.8m
€0.04m
€0.04m
€0.03m
€0.02m
▼ 37.2%
Financial fixed assets28
€3.7m
€2.7m
€2.7m
€2.7m
€2.6m
€11.8m
€13.5m
€12.1m
▼ 10.7%
Affiliated companies280/1
-
-
-
€2.7m
€2.6m
€11.8m
€13.5m
€12.1m
▼ 10.7%
Participating interests280
-
-
-
€2.6m
€2.5m
€11.8m
€13.5m
€12.1m
▼ 10.7%
Amounts receivable281
-
-
-
€0.1m
€0.1m
-
-
-
-
Other financial fixed assets284/8
-
-
-
€0.01m
€0.01m
€0.01m
€0.01m
€0.01m
=
Amounts receivable and cash guarantees285/8
-
-
-
€0.01m
€0.01m
€0.01m
€0.01m
€0.01m
=
Current assets29/58
€6.8m
€7.2m
€6.8m
€8.7m
€12.4m
€14.8m
€17.6m
€15.2m
▼ 13.6%
Amounts receivable after more than one year29
-
-
-
-
-
€0.5m
€0.2m
-
-
Other amounts receivable291
-
-
-
-
-
€0.5m
€0.2m
-
-
Stocks and contracts in progress3
€0.2m
€0.4m
€0.4m
€0.3m
€0.5m
€0.5m
€0.5m
€0.6m
▲ 28.0%
Stocks30/36
-
-
-
€0.3m
€0.5m
€0.5m
€0.5m
€0.6m
▲ 28.0%
Goods purchased for resale34
-
-
-
€0.3m
€0.5m
€0.5m
€0.5m
€0.6m
▲ 28.0%
Amounts receivable within one year40/41
€5.6m
€5.6m
€5.5m
€6.5m
€10.4m
€12.8m
€14.5m
€12.3m
▼ 14.9%
Trade receivables40
-
-
-
€6.3m
€10.3m
€12.7m
€13.9m
€12.0m
▼ 13.6%
Other amounts receivable41
-
-
-
€0.2m
€0.1m
€0.07m
€0.6m
€0.3m
▼ 44.8%
Cash at bank and in hand54/58
€0.7m
€0.6m
€0.5m
€1.5m
€1.0m
€0.3m
€1.3m
€1.0m
▼ 26.6%
Deferred charges and accrued income490/1
-
-
-
€0.5m
€0.4m
€0.8m
€1.1m
€1.3m
▲ 13.9%
Equity and liabilities
Total equity and liabilities10/49
€13.9m
€15.8m
€17.2m
€19.5m
€25.0m
€34.7m
€38.5m
€36.3m
▼ 5.9%
Equity10/15
€6.3m
€6.6m
€6.9m
€7.3m
€9.8m
€11.3m
€15.0m
€15.9m
▲ 6.0%
Contributions10/11
€0.08m
€0.08m
€0.08m
€2.4m
€2.4m
€2.4m
€2.4m
€2.4m
=
Capital10
-
-
-
€0.08m
€0.08m
€0.08m
€0.08m
€0.08m
=
Issued capital100
-
-
-
€0.08m
€0.08m
€0.08m
€0.08m
€0.08m
=
Contributions outside capital11
-
-
-
€2.4m
€2.4m
€2.4m
€2.4m
€2.4m
=
Share premium1100/10
-
-
-
€2.4m
€2.4m
€2.4m
€2.4m
€2.4m
=
Reserves13
€0.9m
€0.9m
€0.9m
€0.9m
€0.9m
€1.9m
€1.9m
€1.9m
=
Non-distributable reserves130/1
-
-
-
€0.008m
€0.008m
€0.008m
€0.008m
€0.008m
=
Legal reserve130
-
-
-
€0.008m
€0.008m
€0.008m
€0.008m
€0.008m
=
Tax-exempt reserves132
-
-
-
-
-
€1.0m
€1.0m
€1.0m
=
Distributable reserves133
-
-
-
€0.9m
€0.9m
€0.9m
€0.9m
€0.9m
=
Profit (loss) carried forward14
€3.0m
€3.3m
€3.5m
€4.0m
€6.5m
€7.0m
€10.7m
€11.6m
▲ 8.5%
Provisions and deferred taxes16
-
-
-
-
-
-
-
€0.1m
-
Provisions for liabilities and charges160/5
-
-
-
-
-
-
-
€0.1m
-
Other liabilities and charges164/5
-
-
-
-
-
-
-
€0.1m
-
Amounts payable17/49
€7.6m
€9.3m
€10.4m
€12.2m
€15.2m
€23.4m
€23.6m
€20.3m
▼ 13.9%
Amounts payable after more than one year17
-
-
-
-
€2.1m
€8.8m
€8.8m
€5.1m
▼ 42.6%
Financial debts170/4
-
-
-
-
€2.1m
€8.1m
€8.1m
€5.1m
▼ 37.2%
Subordinated loans170
-
-
-
-
€2.1m
€2.1m
€2.1m
€2.1m
=
Other loans174
-
-
-
-
-
€6.0m
€6.0m
€3.0m
▼ 50.0%
Other amounts payable178/9
-
-
-
-
-
€0.8m
€0.8m
-
-
Amounts payable within one year42/48
€7.3m
€8.7m
€9.5m
€11.1m
€11.8m
€12.9m
€13.4m
€12.8m
▼ 4.8%
Current portion of amounts payable after more than one year42
-
-
-
€0.8m
-
-
€1.5m
€1.5m
=
Financial debts43
-
-
-
-
€2.0m
€1.5m
-
-
-
Other loans439
-
-
-
-
€2.0m
€1.5m
-
-
-
Trade debts44
€1.4m
€2.6m
€2.2m
€2.7m
€3.9m
€5.3m
€6.5m
€5.1m
▼ 21.2%
Suppliers440/4
-
-
-
€2.7m
€3.9m
€5.3m
€6.5m
€5.1m
▼ 21.2%
Taxes, remuneration and social security45
-
-
-
€3.3m
€3.8m
€3.9m
€4.5m
€5.2m
▲ 16.1%
Taxes450/3
-
-
-
€0.3m
€0.2m
€0.4m
€0.6m
€1.2m
▲ 91.9%
Remuneration and social security454/9
-
-
-
€3.0m
€3.5m
€3.5m
€3.9m
€4.0m
▲ 4.1%
Other amounts payable47/48
-
-
-
€4.3m
€2.1m
€2.2m
€0.9m
€0.9m
▲ 2.1%
Accrued charges and deferred income492/3
-
-
-
€1.1m
€1.4m
€1.7m
€1.4m
€2.5m
▲ 80.9%
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
€4.2m
€4.0m
€4.2m
€4.5m
€4.4m
€1.6m
€3.6m
€2.4m
▼ 34.0%
+ Depreciation and write-downs630
€1.2m
€1.7m
€2.3m
€2.7m
€3.3m
€6.1m
€4.4m
€4.9m
▲ 10.7%
Operating cash flow (approximation)
€5.4m
€5.7m
€6.5m
€7.2m
€7.7m
€7.6m
€8.0m
€7.3m
▼ 9.6%
Investment in fixed assets (approximation)
-
-€3.2m
-€4.1m
-€3.1m
-€5.1m
-€13.4m
-€5.5m
-€5.0m
▲ 9.6%
Change in cash
-
-€0.1m
-€0.07m
€1.0m
-€0.5m
-€0.7m
€1.1m
-€0.4m
-
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Of the 3,178 active companies whose main activity is other information technology and computer services (NACE 62900), figures are known for 1,794. 110 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
Flemish government
Subsidies and aid from the Flemish government to this company. Public aid says something about projects and the obligations that come with it.
1 entry · €1,986 · €1,986 paid · Fonds voor Innoveren en Ondernemen
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
Directors
Who runs the company today and since when, grouped the way the KBO groups its office holders. Many recent board changes are a reason to keep a close eye.
7 directors, 4 in day-to-day management, no change since 2025
Director · since 27-10-2025 · Private limited company · permanent representative: Jan Albert Van Autreve
Current
EC
ELLEZÉ CommV
Director · Legal entity · permanent representative: Jakob Verdonck
Current
3 not recently confirmed
Still in office according to the deeds, but no deed of the last six years confirms the mandate. Mandates like this have often ended since, in a deed we have not read yet.
Member of the executive committee · since 03-02-2020 · Limited partnership · permanent representative: Jonas van Herck
Current
7 not recently confirmed
Still in office according to the deeds, but no deed of the last six years confirms the mandate. Mandates like this have often ended since, in a deed we have not read yet.
Member of the executive committee · Private limited company · permanent representative: Erik Sacré
Not recently confirmed
Permanent representatives 7
PS
Peter s'Jongers
Permanent representative · since 18-02-2016 · for SJONGERS BV
Current
J(
Jacob (Kobe) Verdonck
Permanent representative · since 01-09-2019 · for ELLEZÉ
Current
LP
Lukas Polman
Permanent representative · since 07-11-2019 · for BV Burroughs
Current
JV
Jonas van Herck
Permanent representative · since 03-02-2020 · for JANOZ
Current
GS
Gille Sebrechts
Permanent representative · since 10-05-2025 · for CATALYSTA INC BV
Current
JA
Jan Albert Van Autreve
Permanent representative · since 27-10-2025 · for Vawijs
Current
JV
Jakob Verdonck
Permanent representative · for ELLEZÉ CommV
Current
5 not recently confirmed
Still in office according to the deeds, but no deed of the last six years confirms the mandate. Mandates like this have often ended since, in a deed we have not read yet.
DS
Darek Sikorski
Permanent representative · since 01-04-2013 · for Sikorksi BV
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
37 people since 2007, 17 in office
Board
Day-to-day management
Statutory auditor
not recently confirmed
began earlier
Mandates per person, with start and end dates
Name
Functions and periods2010201520202025
BV Burroughs
Member of the executive committee, from 01-04-2013 not ended, last confirmed 09-04-2013
According to the 2025 annual accounts of PROTIME and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it.
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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
Capital and shareholders
When capital was put in or taken out. An increase often strengthens the company; a reduction deserves a look.
According to the 2025 annual accounts of PROTIME and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it.
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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
36 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, zoom with the mouse wheel.
BE 0652.764.468merger by absorption · Gazette deed of 12-04-2019 (2 acts)
History
History
The company's story in a few sentences, from the company register, the Belgian Official Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
On 12 January 1995, PROTIME was incorporated.1A capital increase in 2008 brought the capital to €78,087.2INNOVATE-IT was merged into the company in 2019.3In 2021 the registered office moved to Mechelen.4Of the 7 current board members, BV Burroughs has served longest, since 2013.5Turnover went from €27.0m in 2019 to €53.9m in 2025 and headcount from 182 to 322 full-time equivalents.6
Permanent representative, Tom Renders (vaste vertegenwoordiger van de commissaris)
Board meeting, 27-05-2026
Power of attorney, Sofie Verbruggen (2 times)
Power of attorney, Nick Geys
Power of attorney, Rik Van de Parre
Power of attorney, Gregory Struyf
Power of attorney, Rico Bel
Power of attorney, DRIK CommV
+1 further fact in this act
19-05
NBB filingAnnual accounts filed
financial year 2025 · full format
2025
27-10
Gazette deedAppointments: Vawijs BV (director) and CATALYSTA INC BV (chair of the board)
Permanent representatives: Jan Albert Van Autreve, Jakob Verdonck and Gille Sebrechts · Resignation: CATALYSTA INC BV (managing director) · Power of attorney19 facts ▸
Gazette deedResignation: Peter s' Jongers (director and managing director)
Appointment: SJONGERS gcv RPR Antwerpen (director) · Permanent representatives: Peter s' Jongers and Lucas Polmar6 facts ▸
Board meeting, 21-03-2016
Director resignation, Peter s' Jongers (director and managing director)
Director appointment, SJONGERS gcv RPR Antwerpen (director)
Permanent representative, Peter s' Jongers
Director appointment, SJONGERS gcv RPR Antwerpen (managing director)
Permanent representative, Lucas Polmar
17-03
Gazette deedResignations: RYCKAERT Harold, SIKORSKI B.V. and SJONGERS Peter
Permanent representatives: SIKORSKI Dariusz Marek, SJONGERS Peter and POLMAN Lukas Dirk · Appointment: SJONGERS (director) · Reappointments: BINNEMANS Marc Godelieve August, VAN HOOREBEKE Steven Richard Maurits Maria and 2 others13 facts ▸
General meeting, 18-02-2016
Director resignation, RYCKAERT Harold (director)
Director resignation, SIKORSKI B.V. (director)
Permanent representative, SIKORSKI Dariusz Marek
Amendment of the articles (7 times)
Director resignation, SJONGERS Peter (director and managing director)
Director appointment, SJONGERS (director)
Permanent representative, SJONGERS Peter
Director reappointment, BINNEMANS Marc Godelieve August (director)
Director reappointment, VAN HOOREBEKE Steven Richard Maurits Maria (director)
Director reappointment, WOUTERS Tom (director)
Director reappointment, BURROUGHS B.V. (director)
+1 further fact in this act
2015
17-04
Gazette deedAppointments: SACRYN BVBA (member of the executive committee) and B-INSPIRED BVBA (member of the executive committee)
Permanent representatives: Erik Sacré and Bart Slaets5 facts ▸
Board meeting, 04-03-2015
Director appointment, SACRYN BVBA (member of the executive committee)
Permanent representative, Erik Sacré
Director appointment, B-INSPIRED BVBA (member of the executive committee)
Permanent representative, Bart Slaets
2014
19-09
Gazette deedResignations: FELIZ BVBA (director) and COUNTRYBUTE BVBA (member of the executive committee)
Appointments: Peter s'Jongers (director) and ENVERZ BVBA (member of the executive committee) · Permanent representatives: Peter s'Jongers, Edwin Madou and Rico Bel12 facts ▸
General meeting, 29-08-2014
Director resignation, FELIZ BVBA (director)
Director appointment, Peter s'Jongers (director)
Board meeting, 29-08-2014
Director resignation, FELIZ BVBA (director and managing director)
Director appointment, Peter s'Jongers (managing director)
Permanent representative, Peter s'Jongers
Board meeting, 25-06-2014
Director resignation, COUNTRYBUTE BVBA (member of the executive committee)
Permanent representative, Edwin Madou
Director appointment, ENVERZ BVBA (member of the executive committee)
Permanent representative, Rico Bel
04-08
Gazette deedAppointments: bv bvba Burgelman, Van den Abbeele & Co (commissaris revisor) and Deloitte bedrijfsrevisoren BV o.v.v.e. CVBA (commissaris revisor)
Permanent representatives: Luc R. Van den Abbeele, Frank Verhaegen and 2 others7 facts ▸
General meeting, 16-05-2014
Auditor appointment, bv bvba Burgelman, Van den Abbeele & Co (commissaris revisor)
Gazette deedPermanent representative: Peter s'Jongers
Mandate compensation3 facts ▸
Board meeting, 19-04-2013
Mandate compensation, PROTIME
Permanent representative, Peter s'Jongers
09-04
Gazette deedAppointments: Feliz bvba, Gregfield bvba and 6 others
Permanent representatives: Peter s'Jongers, Gregory Struyf and 6 others · Mandate compensation18 facts ▸
Board meeting, 20-03-2013
Director appointment, Feliz bvba (member of the executive committee)
Permanent representative, Peter s'Jongers
Director appointment, Gregfield bvba (member of the executive committee)
Permanent representative, Gregory Struyf
Director appointment, Countrybute bvba (member of the executive committee)
Permanent representative, Edwin Madou
Director appointment, Elev8 bvba (member of the executive committee)
Permanent representative, Bart Suy
Director appointment, Xenit bvba (member of the executive committee)
Permanent representative, Patrick Bernard
Director appointment, Indelight bvba (member of the executive committee)
+6 further facts in this act
20-02
Gazette deedAlgemene Vergadering
Amendment of the articles2 facts ▸
General meeting, 06-02-2013
Amendment of the articles
12-02
Gazette deedResignations: Joannes (Jan) van den Nieuwenhuijzen (director) and Hans Joris (director)
Appointments: Steven Van Hoorebeke (director) and Tom Wouters (director)8 facts ▸
General meeting, 19-12-2012
Director resignation, Joannes (Jan) van den Nieuwenhuijzen (director)
Director appointment, Steven Van Hoorebeke (director)
General meeting, 30-01-2013
Director resignation, Hans Joris (director)
Director appointment, Tom Wouters (director)
Board meeting, 30-01-2013
Director appointment, Steven Van Hoorebeke (chair of the board)
2012
02-07
Gazette deedAppointment: BVBA Burgelman, Van den Abbeele & Co (statutory auditor)
2 facts ▸
General meeting, 11-05-2012
Auditor appointment, BVBA Burgelman, Van den Abbeele & Co (statutory auditor)
2011
01-08
Gazette deedAppointments: BVBA Burgelman, Van den Abbeele & C°, Jan van den Nieuwenhuijzen and bvba Feliz
Permanent representatives: Luc Van den Abbeele and Peter s'Jongers · Resignation: Peter s'Jongers (chair of the board) · Mandate compensation9 facts ▸
General meeting, 08-09-2008
Auditor appointment, BVBA Burgelman, Van den Abbeele & C° (revisor)
Permanent representative, Luc Van den Abbeele
Board meeting, 01-02-2011
Director appointment, Jan van den Nieuwenhuijzen (chair of the board)
Director resignation, Peter s'Jongers (chair of the board)
Mandate compensation, Jan van den Nieuwenhuijzen
Director appointment, bvba Feliz (afgevaardigd bestuurder)
Permanent representative, Peter s'Jongers
15-02
Gazette deedResignations: THOSOP, FELIZ and 3 others
Appointments: VAN DEN NIEUWENHUIJZEN Joannes Baptiste Petrus Maria, JORIS Hans Oskar Emiel and 5 others · Permanent representatives: S'JONGERS Peter, POLMAN Lucas and SIKORSKI Darek · Amendment of the articles18 facts ▸
General meeting, 24-01-2011
Amendment of the articles (8 times)
Director resignation, THOSOP (director)
Director resignation, FELIZ (director)
Director resignation, VERSTRAETE Piet André Karel (director)
Director resignation, BURROUGHS B.V. (director)
Director resignation, SIKORSKI B.V. (director)
Director appointment, VAN DEN NIEUWENHUIJZEN Joannes Baptiste Petrus Maria (director)
Director appointment, JORIS Hans Oskar Emiel (director)
Director appointment, RYCKAERT Harold Erik Elise (director)
Director appointment, BINNEMANS Marc Godelieve August (director)
Director appointment, FELIZ (director)
+6 further facts in this act
2008
21-03
Gazette deedCapital & shares · Amendment of the articles
Share issue · Capital increase · Capital contribution12 facts ▸
General meeting, 20-02-2008
Share issue, “splitting of existing shares”, 12600 (deed in Dutch)
Capital increase, €15,617.39
Share issue, “new shares for contribution”, 3150 (deed in Dutch)
Capital contribution (2 times)
Share issue, “shares issued to Burroughs B.V.”, 1575 (deed in Dutch)
Share issue, “shares issued to Sikorski B.V.”, 1575 (deed in Dutch)
Capital, €78,086.56
Amendment of the articles
Power of attorney, Hilde Hellemans
Waiver of preemptive rights, “All existing shareholders waive pre-emptive rights for new shares” (deed in Dutch)
Share category creation, 12600, 3150
2007
10-09
Gazette deedReappointments: Luc Timmermans, Peter s'Jongers and Piet Verstraete
Appointment: Peter s'Jongers (chair of the board)5 facts ▸
General meeting, 01-06-2007
Director reappointment, Luc Timmermans (director)
Director reappointment, Peter s'Jongers (director)
Director reappointment, Piet Verstraete (director)
Director appointment, Peter s'Jongers (chair of the board)
2006
08-09
Gazette deedCapital & shares · Amendment of the articles
Power of attorney3 facts ▸
General meeting, 17-08-2006
Amendment of the articles (5 times)
Power of attorney, raad van bestuur
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 30 annual accounts filed, the latest 10 are here; all 30 are under Financials.
35 of 35 deeds read
Register details
Identification
Legal formPublic limited company
Founded12-01-1995
Financial year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID0208:0454218138
Also9925:BE0454218138
Registered20-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Avenue des Dessus de Lives(LO) 4, 5101 NamurWholesale of information and communication equipment
since 2019unit no. 2.299.116.368
PROTIME NV
Louis Pasteurstraat 21, 3920 LommelWholesale of information and communication equipment
since 2020unit no. 2.299.116.467
Bautersemstraat 68, 2800 Mechelen
Wholesale of information and communication equipment
since 2021unit no. 2.324.156.721
3 parcels
Flanders2(66.7%)Wallonia1(33.3%)
Cadastral parcel
Region
Area
Buildings
Height / floors
72020C1437/00L049
Flanders
7,576 m²
1 · 2,180 m²
11.3 m · 1
92078A0002/02C000
Wallonia
2,732 m²
1 · 1,052 m²
18.2 m · 5
12403D0141/00C003
Flanders
1,988 m²
1 · 1,780 m²
37.5 m · 2
How the parcels are linked
Good to know
All 3 parcels match the address exactly.
Articles of association
PurposeThe activities the company may carry out under its articles.
“De vennootschap heeft tot voorwerp: De inkoop en verkoop, import en export, groot- en kleinhandel en verhuring van…” (deed in Dutch)
Text of the purpose (deed in Dutch)
“De vennootschap heeft tot voorwerp: De inkoop en verkoop, import en export, groot- en kleinhandel en verhuring van tijdsregistratieartikelen, zoals daar ondermeer zijn tikklokken, tijdsregistratieapparaten en toegangscontroleapparaten, deze opsomming is slechts ten titel van voorbeeld en niet limitatief. Het organiseren van toegangscontrole en jobopvolging in ondernemingen en bedrijven. Het ontwerpen, de inkoop en verkoop, groot- en kleinhandel, import en export van randapparatuur inzake tijdsregistratie, toegangscontrole en jobopvolging, alsmede het ontwikkelen van software inzake voornoemde activiteiten. Het inrichten, organiseren en geven van allerhande opleidingen en trainingen bij middel van alle mogelijke voordrachten, cursussen, seminaries, workshops, ontwikkelingsactiviteiten en publicaties, dit alles in het algemeen en in het bijzonder in het kader van de hoger vermelde hoofdactiviteiten van de vennootschap. De vennootschap handelt voor eigen rekening, in commissie, als tussenpersoon of als vertegenwoordiger. Zij kan deelnemen of zich op andere wijze interesseren in allerhande vennootschappen, ondernemingen, groeperingen of organisaties. Zij mag haar onroerende goederen in hypotheek stellen, en al haar andere goederen, met inbegrip van het handelsfonds, in pand stellen en mag aval verlenen voor alle leningen, kredietopeningen en andere verbintenissen, zowel voor haarzelf als voor alle derden op voorwaarde dat zij er zelf belang bij heeft. Zij mag ook alle bestuursopdrachten in andere vennootschappen en/of rechtspersonen waarnemen en alle soorten mandaten en functies in ondernemingen uitoefenen.”
Who signsWho may bind the company towards others, for example by signing a contract.
“De raad van bestuur is bijgevolg vanaf heden als volgt samengesteld: ELLEZÉ CommV, vast vertegenwoordigd door de heer Jakob Verdonck…”
“Binnen het kader van het dagelijks bestuur kan de vennootschap bovendien worden vertegenwoordigd door een gedelegeerde bestuurder…”
Full text
Binnen het kader van het dagelijks bestuur kan de vennootschap bovendien worden vertegenwoordigd door een gedelegeerde bestuurder zelfstandig optredend en/of door andere personen belast met het dagelijks bestuur die alleen of gezamenlijk optreden zoals bepaald bij hun aanstelling 2. Bijzondere machten De enige aandeelhouder besluit tenslotte om bijzondere machten toe te kennen aan Hannelore De Ly en Guusje Huijbregts, medewerkers van SD Worx groep waarvan de kantoren gevestigd zijn te 2000 Antwerpen, Brouwersvliet 2, om alleen handelend en met de mogelijkheid tot indeplaatsstelling, voormelde besluit te publiceren in de Bijlagen bij het Belgisch Staatsblad en hiertoe de aanvraagformulieren te ondertekenen en - Vawijs BV, met zetel te Gloxinialaan 18, 9840 Nazareth-De Pinte, België en ondernemingsnummer 0789.301.470, met als vaste vertegenwoordiger de heer Jan Albert Van Autreve, [...]. Overeenkomstig de statuten zal de vennootschap, zowel voor alle handelingen van dagelijks bestuur als deze die er buiten vallen, tegenover derden geldig vertegenwoordigd en verbonden zijn door twee bestuurders samen handelend. Binnen het kader van het dagelijks bestuur kan de vennootschap bovendien worden vertegenwoordigd door een gedelegeerde bestuurder zelfstandig optredend en/of door andere personen belast met het dagelijks bestuur die alleen of gezamenlijk optreden zoals bepaald bij hun aanstelling.