PROTITEC
ActiveSummary
PROTITEC has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €444,471 and a net result of €57,703. Equity remains stable across the filed financial years (±1.6% per year). Its solvency ranks better than 95% of 51 sector peers (NACE 33, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €444,471
- Profit
- €57,703
Why 95raises riskSector: Repair, maintenance and installation of machinery and equipment (NACE 33)lowers riskLiquidity: current ratio 13.21, cash €96,630Equity €444,471 (94.7% of total assets)Founded in 2002Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 33, micro): better than 91% on solvency, 74% on liquidity, 60% on profitability and 21% on growth.
The bankruptcy probability was computed on 29-10-2026 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
This company filed its last 7 accounts on average 27 days before the deadline; the sector median (NACE 33) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2026 · micro…
- Annual accounts filedfinancial year 2025 · micro…
- Liquidity more than doubledcurrent ratio 21.51
Financials · financial year 2026, micro format
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result recovers in 2026; 2026 is 65% above 2025.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 33, Repair, maintenance and installation of machinery and equipment: 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).
Peer companies
Historical observationOf the 20,136 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
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%.
| 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 20,136 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,810 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,244 | €26,440 | €26,440 | €29,982 | €29,982 | €29,982 | €35,321 | €35,298 | ▼ 0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€29,527 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €35,619 | €4,404 | €5,096 | €4,151 | €4,794 | ▲ 15.5% |
| Gross operating margin9900 | €156,289 | €227,089 | €198,418 | €179,562 | €64,129 | €133,856 | €89,205 | €122,317 | ▲ 37.1% |
| Operating profit (loss)9901 | €122,101 | €197,911 | €167,438 | €143,488 | €29,743 | €98,778 | €49,733 | €82,225 | ▲ 65.3% |
| Financial income75/76B | - | - | - | €818 | €2,249 | €9,333 | €6,148 | €2,499 | ▼ 59.4% |
| Recurring financial income75 | €3,161 | €285 | €140 | €818 | €2,249 | €9,333 | €6,148 | €2,499 | ▼ 59.4% |
| Financial charges65/66B | - | - | - | €2,172 | €1,004 | €547 | €1,072 | €262 | ▼ 75.5% |
| Recurring financial charges65 | €1,417 | €4,114 | €3,228 | €2,172 | €1,004 | €547 | €1,072 | €262 | ▼ 75.5% |
| Profit (loss) for the period before taxes9903 | €123,845 | €194,083 | €164,350 | €142,134 | €30,988 | €107,565 | €54,808 | €84,462 | ▲ 54.1% |
| Income taxes67/77 | €37,825 | €62,072 | €49,300 | €46,703 | €11,671 | €33,308 | €21,868 | €26,759 | ▲ 22.4% |
| Profit (loss) for the period9904 | €86,020 | €132,011 | €115,050 | €95,431 | €19,317 | €74,257 | €32,941 | €57,703 | ▲ 75.2% |
| Profit (loss) for the period to be appropriated9905 | €86,020 | €132,011 | €115,050 | €95,431 | €19,317 | €74,257 | €32,941 | €57,703 | ▲ 75.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €588,708 | €708,071 | €689,239 | €727,937 | €607,389 | €625,602 | €540,687 | €469,458 | ▼ 13.2% |
| Fixed assets21/28 | €317,267 | €290,827 | €264,388 | €269,930 | €239,948 | €209,965 | €174,645 | €139,347 | ▼ 20.2% |
| Intangible fixed assets21 | - | - | - | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €317,267 | €290,827 | €264,388 | €269,930 | €239,948 | €209,965 | €174,645 | €139,347 | ▼ 20.2% |
| Land and buildings22 | - | - | - | €237,948 | €211,509 | €185,069 | €158,630 | €132,213 | ▼ 16.7% |
| Furniture and vehicles24 | - | - | - | €31,982 | €28,439 | €24,896 | €16,015 | €7,134 | ▼ 55.5% |
| Current assets29/58 | €271,441 | €417,243 | €424,851 | €458,007 | €367,441 | €415,636 | €366,043 | €330,111 | ▼ 9.8% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €170,000 | €158,255 | €48,022 | ▼ 69.7% |
| Other amounts receivable291 | - | - | - | - | - | €170,000 | €158,255 | €48,022 | ▼ 69.7% |
| Amounts receivable within one year40/41 | €93,984 | €70,922 | €48,034 | €80,416 | €88,540 | €30,193 | €22,158 | €31,067 | ▲ 40.2% |
| Trade receivables40 | - | - | - | €26,191 | €19,698 | €29,389 | €21,179 | €22,214 | ▲ 4.9% |
| Other amounts receivable41 | - | - | - | €54,225 | €68,842 | €803 | €979 | €8,853 | ▲ 805% |
| Current investments50/53 | €72,973 | €72,973 | €72,973 | €101,528 | €102,555 | €117,801 | €145,746 | €150,801 | ▲ 3.5% |
| Cash at bank and in hand54/58 | €104,485 | €273,349 | €303,844 | €276,063 | €176,346 | €97,642 | €39,884 | €96,630 | ▲ 142% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €3,589 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €588,708 | €708,071 | €689,239 | €727,937 | €607,389 | €625,602 | €540,687 | €469,458 | ▼ 13.2% |
| Equity10/15 | €412,647 | €544,658 | €610,309 | €618,957 | €569,542 | €571,858 | €518,779 | €444,471 | ▼ 14.3% |
| Contributions10/11 | €12,362 | €12,362 | - | €12,362 | €12,362 | €12,362 | €12,362 | €12,362 | = |
| Reserves13 | €400,285 | €532,296 | €597,947 | €606,595 | €557,180 | €559,496 | €506,417 | €432,109 | ▼ 14.7% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €35,550 | €35,550 | €35,550 | €35,550 | €35,550 | = |
| Distributable reserves133 | - | - | - | €569,185 | €519,770 | €522,086 | €470,867 | €396,559 | ▼ 15.8% |
| Amounts payable17/49 | €176,061 | €163,413 | €78,930 | €108,980 | €37,847 | €53,744 | €21,909 | €24,987 | ▲ 14.1% |
| Amounts payable after more than one year17 | €93,175 | €67,787 | €41,366 | €23,320 | €15,334 | €10,149 | €4,889 | - | - |
| Financial debts170/4 | - | - | - | €23,320 | €15,334 | €10,149 | €4,889 | - | - |
| Amounts payable within one year42/48 | €82,886 | €95,626 | €37,564 | €85,660 | €22,513 | €43,595 | €17,020 | €24,987 | ▲ 46.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €18,046 | €7,986 | €5,185 | €5,260 | €4,889 | ▼ 7.0% |
| Financial debts43 | - | - | - | €1,810 | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €1,810 | - | - | - | - | - |
| Trade debts44 | €18,740 | €10,797 | €4,281 | €1,194 | €419 | - | €7,745 | €10,399 | ▲ 34.3% |
| Suppliers440/4 | - | - | - | €1,194 | - | - | €7,745 | €10,399 | ▲ 34.3% |
| Bills of exchange payable441 | - | - | - | - | €419 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €64,610 | €14,108 | €38,411 | €4,015 | €9,699 | ▲ 142% |
| Taxes450/3 | - | - | - | €64,610 | €14,108 | €35,434 | €4,015 | €9,699 | ▲ 142% |
| Remuneration and social security454/9 | - | - | - | - | - | €2,976 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €86,020 | €132,011 | €115,050 | €95,431 | €19,317 | €74,257 | €32,941 | €57,703 | ▲ 75.2% |
| + Depreciation and write-downs630 | €27,244 | €26,440 | €26,440 | €29,982 | €29,982 | €29,982 | €35,321 | €35,298 | ▼ 0.1% |
| Operating cash flow (approximation) | €113,263 | €158,450 | €141,490 | €125,413 | €49,300 | €104,239 | €68,261 | €93,001 | ▲ 36.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€35,524 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €168,864 | €30,494 | -€27,780 | -€99,717 | -€78,704 | -€57,759 | €56,747 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2026 | micro format | 29-09-2026 | 2026-00530874 |
| 31-03-2025 | micro format | 12-09-2025 | 2025-00490492 |
| 31-03-2024 | micro format | 27-09-2024 | 2024-00475636 |
| 31-03-2023 | micro format | 25-09-2023 | 2023-00452845 |
| 31-03-2022 | micro format | 25-10-2022 | 2022-20471831 |
| 31-03-2021 | micro format | 27-10-2021 | 2021-75300371 |
| 31-03-2020 | micro format | 05-10-2020 | 2020-58700405 |
| 31-03-2019 | micro format | 23-09-2019 | 2019-65200112 |
| 31-03-2018 | micro format | 24-09-2018 | 2018-64200478 |
| 31-03-2017 | micro format | 06-09-2017 | 2017-60200348 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VERMEIREN Gerry |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
20-12
Gazette deed
Resignation: VERMEIREN Gerry (manager)Appointment: VERMEIREN Gerry (director) · Amendment of the articles5 facts ▸
- General meeting, “eenparigheid van stemmen, buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Other provision, “vaststelling toepassing dwingende bepalingen WVV en aanpassing statuten, Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Amendment of the articles
- Director resignation, VERMEIREN Gerry (manager)
- Director appointment, VERMEIREN Gerry (director (not named in the articles))
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13502D0184/00Y002 | Flanders | 1,554 m² | 1 · 162 m² | 9.9 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Elektronische installateur; De inbedrijfstelling van industriële installaties; De vervaardiging en de montage van metalen constructiewerken…” (deed in Dutch)
26 activities (deed in Dutch)
- Elektronische installateur
- De inbedrijfstelling van industriële installaties
- De vervaardiging en de montage van metalen constructiewerken voor industriële uitrusting
- De vervaardiging van metalen werkstukken voor rekening van derden door toepassing van diverse technieken: boren, draaien, frezen, vonkerosief bewerken, schaven, lappen, trekfrezen, vlakken, zagen, slijpen, lassen
- Onderhouds- en herstellingswerken van mechanische aard voor rekening van derden
- Vervaardigen van overige producten van metaal
- Vervaardiging van mechanismen voor het overbrengen van kracht: drijfwerkassen, nokkenassen, krukassen, krukken, kussenblokken en lagerschalen
- De vervaardiging van koppelingen en koppelingsorganen
- De vervaardiging van transportbanden, kabelbanen, vloeistofelevatoren
- De vervaardiging van machines voor het vullen, sluiten, verzegelen, capsuleren, etiketteren
- De vervaardiging van verpakkingsinstallaties voorzien van een weeg- of doseerinrichting
- Handelsbemiddeling in machines en uitrusting voor handel en nijverheid en in schepen en luchtvaartuigen
- De groothandel in overige machines en uitrusting voor handel in dienstverlening
- Het leggen van kabels en diverse leidingen
- Het bekabelen van machines en toestellen
- Het herstellen, vernieuwen, verbeteren en/of aanpassen van de elektrische bedradingen van machines en toestellen allerlei
- Het herstellen, vernieuwen, verbeteren en/of aanpassen van de volledige elektronische installatie van machines en toestellen allerlei
- Alle elektriciteitswerken aan machines en toestellen
- Het automatiseren van machines en toestellen
- Het automatiseren van allerlei bestaande productieprocessen
- Het beheer van een patrimonium, samengesteld uit onroerende en roerende goederen, het valoriseren en in stand houden van dit patrimonium vooral door beheersdaden. Beheer wordt in deze zin verstaan dat aankoop en vervreemding toegelaten zijn in zover zij nuttig of noodzakelijk zijn of bijdragen tot een meer gunstige samenstelling van het patrimonium van de vennootschap.
- Het ter beschikking aan andere vennootschappen of natuurlijke personen stellen van materiaal, uitrusting, rollend materiaal en aanhorigheden in de meest uitgebreide zin van het woord, onder de vorm van uitlening of verhuring.
- Het nemen van participaties onder eender welke vorm in alle bestaande of nog op te richten vennootschappen en ondernemingen alsook alle investering- of financiële verrichtingen, behalve deze voorbehouden aan deposito- en spaarbanken. Zij kan deelnemen of zich op andere wijzen interesseren in allerhande vennootschappen, ondernemingen, groeperingen of organisaties. Zij mag haar onroerende goederen in hypotheek geven en al haar andere goederen, met inbegrip van het handelsfonds, in pand geven en mag aval verlenen voor alle leningen, kredietopeningen en alle andere verbintenissen, voor haarzelf en zelfs voor alle derden op voorwaarde dat zij er zelf belang bij heeft.
- Zo voor eigen rekening als voor rekening van derden, het kopen, verkopen, verhuren, leasen, projectontwikkeling van alle roerende goederen, zowel in België als in het buitenland, optreden als tussenpersoon voor al deze bewerkingen, het ter beschikking stellen van onroerende goederen in alle huur- en verhuurmethodes, alsmede het leveren van diensten die er verband mee houden, zowel op financieel, administratief als organisatorisch vlak. Deze opsomming is geenszins limitatief en dient in de ruimste zin te worden geïnterpreteerd. De vennootschap handelt voor eigen rekening, in consignatie als tussenpersoon of als vertegenwoordiger.
- Het verlenen van diensten, het geven van adviezen, het verstrekken van bijstand, in administratieve, handels, sociale, financiële en juridische aangelegenheden.
- Het management, adviseren, consulteren, begeleiden, leiden, optreden als bestuurder van en in alle vennootschappen en ondernemingen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- PROTITEC
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “De niet-statutaire bestuurders zijn herroepbaar ad nutum bij besluit van de algemene vergadering, die een vertrekvergoeding kan toekennen…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen,al dan niet aandeelhouder, één of meer bestuurders” (deed in Dutch)
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “6. JAARVERGADERING Ieder jaar wordt een gewone algemene vergadering van aandeelhouders gehouden op de zetel of op een in de oproeping aan te…” (deed in Dutch)
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Netto actief onder alle aandeelhouders naar verhouding aantal aandelen” (deed in Dutch)