PROTOMATIC
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 36 filings
Turnover
≈ €150,000
Estimated: probably between €130,000 and €190,000
Total assets
€243,288▲ 16.0%
2024 · €209,646
Net result
€44,236▲ 3.2%
2024 · €42,862
Working capital
€74,137▲ 6.1%
2024 · €69,902
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€60,372
▲ 2.2%
2025
20182025
Net result
€44,236
▲ 3.2%
2025
middle half of the sector
20182025
Equity
€142,051
▲ 3.1%
2025
middle half of the sector
20182025
Total assets
€243,288
▲ 16.0%
2025
middle half of the sector
20182025
Debt
€101,237
▲ 40.9%
2025
20182025
Working capital
€74,137
▲ 6.1%
2025
middle half of the sector
20182025
Solvency
58.4%
▼ 7.3pp
2025
middle half of the sector
20182025
Current ratio
1.73
▼ 0.24
2025
middle half of the sector
20182025
Return on assets (ROA)
18.2%
▼ 2.3pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€47,690-€67,628▲ 41.8%€67,310▼ 0.5%€46,640▼ 30.7%€62,065▲ 33.1%€76,936▲ 24.0%€59,062▼ 23.2%€60,372▲ 2.2%
Net result€31,918-€46,187▲ 44.7%€49,277above the sector's middle half▲ 6.7%€34,076within the sector's middle half▼ 30.8%€45,389above the sector's middle half▲ 33.2%€56,404above the sector's middle half▲ 24.3%€42,862within the sector's middle half▼ 24.0%€44,236within the sector's middle half▲ 3.2%
Equity€103,620-€109,807▲ 6.0%€119,084within the sector's middle half▲ 8.4%€113,160within the sector's middle half▼ 5.0%€118,549within the sector's middle half▲ 4.8%€134,953within the sector's middle half▲ 13.8%€137,815within the sector's middle half▲ 2.1%€142,051within the sector's middle half▲ 3.1%
Total assets€162,832-€187,174▲ 14.9%€212,250within the sector's middle half▲ 13.4%€191,739within the sector's middle half▼ 9.7%€190,380within the sector's middle half▼ 0.7%€221,204within the sector's middle half▲ 16.2%€209,646within the sector's middle half▼ 5.2%€243,288within the sector's middle half▲ 16.0%
Debt€59,212-€77,367▲ 30.7%€93,166▲ 20.4%€78,579▼ 15.7%€71,831▼ 8.6%€86,251▲ 20.1%€71,831▼ 16.7%€101,237▲ 40.9%
Working capital€35,706-€41,894▲ 17.3%€51,171within the sector's middle half▲ 22.1%€45,247within the sector's middle half▼ 11.6%€50,636within the sector's middle half▲ 11.9%€67,039within the sector's middle half▲ 32.4%€69,902within the sector's middle half▲ 4.3%€74,137within the sector's middle half▲ 6.1%
Solvency63.6%-58.7%▼ 5.0pp56.1%within the sector's middle half▼ 2.6pp59.0%within the sector's middle half▲ 2.9pp62.3%within the sector's middle half▲ 3.3pp61.0%within the sector's middle half▼ 1.3pp65.7%within the sector's middle half▲ 4.7pp58.4%within the sector's middle half▼ 7.3pp
Current ratio1.60-1.54▼ 0.061.55within the sector's middle half▲ 0.011.58within the sector's middle half▲ 0.031.70within the sector's middle half▲ 0.131.78within the sector's middle half▲ 0.071.97within the sector's middle half▲ 0.201.73within the sector's middle half▼ 0.24
Return on assets (ROA)19.6%-24.7%▲ 5.1pp23.2%above the sector's middle half▼ 1.5pp17.8%within the sector's middle half▼ 5.4pp23.8%within the sector's middle half▲ 6.1pp25.5%within the sector's middle half▲ 1.7pp20.4%within the sector's middle half▼ 5.1pp18.2%within the sector's middle half▼ 2.3pp
above
within
below
The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 2% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €243,288
Fixed assets
€67,913 =
Current assets
€175,374 ▲ 23.7%
Equity and liabilities €243,288
Equity
€142,051 ▲ 3.1%
Debt
€101,237 ▲ 40.9%
Debt's share of the balance-sheet total rises from 34.3% to 41.6%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.71▲
2024 · 0.52
ROE
31.1%▲
2024 · 31.1%
Debt ≤ 1 year
€101,237▲
2024 · €71,831
Income taxes
€16,097▲
2024 · €16,055
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €6,195 | €6,348 | €6,480 | €7,403 | €7,287 | ▼ 1.6% |
| Non-recurring operating charges66A | - | - | - | €15,451 | - | - | - | - | - |
| Gross operating margin9900 | €53,295 | €73,602 | €73,224 | €68,285 | €68,414 | €83,416 | €66,465 | €67,660 | ▲ 1.8% |
| Operating profit (loss)9901 | €47,690 | €67,628 | €67,310 | €46,640 | €62,065 | €76,936 | €59,062 | €60,372 | ▲ 2.2% |
| Financial income75/76B | - | - | - | €4 | - | €64 | €182 | €216 | ▲ 18.7% |
| Recurring financial income75 | €131 | €29 | €43 | €4 | - | €64 | €182 | €216 | ▲ 18.7% |
| Financial charges65/66B | - | - | - | €164 | €154 | €64 | €328 | €256 | ▼ 21.9% |
| Recurring financial charges65 | €240 | €155 | €139 | €164 | €154 | €64 | €328 | €256 | ▼ 21.9% |
| Profit (loss) for the period before taxes9903 | €47,581 | €67,502 | €67,215 | €46,480 | €61,912 | €76,936 | €58,917 | €60,333 | ▲ 2.4% |
| Income taxes67/77 | €15,663 | €21,315 | €17,938 | €12,404 | €16,523 | €20,532 | €16,055 | €16,097 | ▲ 0.3% |
| Profit (loss) for the period9904 | €31,918 | €46,187 | €49,277 | €34,076 | €45,389 | €56,404 | €42,862 | €44,236 | ▲ 3.2% |
| Profit (loss) for the period to be appropriated9905 | €31,918 | €46,187 | €49,277 | €34,076 | €45,389 | €56,404 | €42,862 | €44,236 | ▲ 3.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €162,832 | €187,174 | €212,250 | €191,739 | €190,380 | €221,204 | €209,646 | €243,288 | ▲ 16.0% |
| Fixed assets21/28 | €67,913 | €67,913 | €67,913 | €67,913 | €67,913 | €67,913 | €67,913 | €67,913 | = |
| Tangible fixed assets22/27 | €67,913 | €67,913 | €67,913 | €67,913 | €67,913 | €67,913 | €67,913 | €67,913 | = |
| Land and buildings22 | - | - | - | €67,913 | €67,913 | €67,913 | €67,913 | €67,913 | = |
| Current assets29/58 | €94,918 | €119,260 | €144,337 | €123,826 | €122,467 | €153,290 | €141,733 | €175,374 | ▲ 23.7% |
| Amounts receivable within one year40/41 | €29,056 | €30,216 | €31,451 | €12,000 | €8,436 | €4,000 | - | - | - |
| Other amounts receivable41 | - | - | - | €12,000 | €8,436 | €4,000 | - | - | - |
| Cash at bank and in hand54/58 | €64,045 | €89,044 | €110,935 | €109,749 | €111,708 | €146,698 | €139,034 | €172,585 | ▲ 24.1% |
| Deferred charges and accrued income490/1 | - | - | - | €2,077 | €2,322 | €2,593 | €2,699 | €2,790 | ▲ 3.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €162,832 | €187,174 | €212,250 | €191,739 | €190,380 | €221,204 | €209,646 | €243,288 | ▲ 16.0% |
| Equity10/15 | €103,620 | €109,807 | €119,084 | €113,160 | €118,549 | €134,953 | €137,815 | €142,051 | ▲ 3.1% |
| Contributions10/11 | €25,789 | €25,789 | - | €25,789 | €25,789 | €25,789 | €25,789 | €25,789 | = |
| Reserves13 | €6,262 | €6,262 | €6,262 | €6,262 | €6,262 | €6,262 | €6,262 | €6,262 | = |
| Non-distributable reserves130/1 | - | - | - | €5,964 | €5,964 | €5,964 | €5,964 | €5,964 | = |
| Reserves not available under the articles1311 | - | - | - | €5,964 | €5,964 | €5,964 | €5,964 | €5,964 | = |
| Distributable reserves133 | - | - | - | €299 | €299 | €299 | €299 | €299 | = |
| Profit (loss) carried forward14 | €71,568 | €77,755 | €87,032 | €81,108 | €86,497 | €102,901 | €105,763 | €109,999 | ▲ 4.0% |
| Amounts payable17/49 | €59,212 | €77,367 | €93,166 | €78,579 | €71,831 | €86,251 | €71,831 | €101,237 | ▲ 40.9% |
| Amounts payable within one year42/48 | €59,212 | €77,367 | €93,166 | €78,579 | €71,831 | €86,251 | €71,831 | €101,237 | ▲ 40.9% |
| Trade debts44 | €359 | €1,027 | €3,065 | €8,244 | €2,904 | €9,196 | €15,776 | €25,150 | ▲ 59.4% |
| Suppliers440/4 | - | - | - | €8,244 | €2,904 | €9,196 | €15,776 | €25,150 | ▲ 59.4% |
| Taxes, remuneration and social security45 | - | - | - | €30,335 | €28,927 | €37,055 | €16,055 | €32,087 | ▲ 99.9% |
| Taxes450/3 | - | - | - | €30,335 | €28,927 | €37,055 | €16,055 | €32,087 | ▲ 99.9% |
| Other amounts payable47/48 | - | - | - | €40,000 | €40,000 | €40,000 | €40,000 | €44,000 | ▲ 10.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,918 | €46,187 | €49,277 | €34,076 | €45,389 | €56,404 | €42,862 | €44,236 | ▲ 3.2% |
| Operating cash flow (approximation) | €31,918 | €46,187 | €49,277 | €34,076 | €45,389 | €56,404 | €42,862 | €44,236 | ▲ 3.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €24,999 | €21,891 | -€1,187 | €1,960 | €34,990 | -€7,664 | €33,551 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as PROTOMATIC has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PROTOMATIC itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for PROTOMATIC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00376232 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00465464 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00442534 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00425007 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20400161 | |
| 31-12-2020 | micro format | 26-08-2021 | 2021-54100469 | |
| 31-12-2019 | micro format | 07-10-2020 | 2020-59800410 | |
| 31-12-2018 | micro format | 09-08-2019 | 2019-45700023 | |
| 31-12-2017 | full format | 16-03-2018 | 2018-07100101 | |
| 31-12-2016 | micro format | 06-09-2017 | 2017-60200282 |