PROTOSSYS
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 28-08-2026 at the NBB all 17 filings
Equity
-€29,405▼ 2.3%
2025 · -€28,730
Total assets
€5,350▼ 2.9%
2025 · €5,509
Net result
-€675▲ 36.5%
2025 · -€1,063
Working capital
-€29,405▼ 2.3%
2025 · -€28,730
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
-€603
▲ 39.2%
2026
20192026
Net result
-€675
▲ 36.5%
2026
20192026
Equity
-€29,405
▼ 2.3%
2026
20192026
Total assets
€5,350
▼ 2.9%
2026
20192026
Debt
€34,755
▲ 1.5%
2026
20192026
Working capital
-€29,405
▼ 2.3%
2026
20192026
Solvency
-549.7%
▼ 28.2pp
2026
20192026
Current ratio
0.15
▼ 0.01
2026
20192026
Return on assets (ROA)
-12.6%
▲ 6.7pp
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result-€22,461--€21,739▲ 3.2%-€12,831▲ 41.0%-€18,130▼ 41.3%-€1,334▲ 92.6%-€2,073▼ 55.4%-€991▲ 52.2%-€603▲ 39.2%
Net result-€25,566--€21,943▲ 14.2%-€12,927below the sector's middle half▲ 41.1%€247,382above the sector's middle half-€1,434below the sector's middle half-€2,157below the sector's middle half▼ 50.5%-€1,063below the sector's middle half▲ 50.7%-€675▲ 36.5%
Equity-€236,588--€258,531▼ 9.3%-€271,458below the sector's middle half▼ 5.0%-€24,076below the sector's middle half▲ 91.1%-€25,510below the sector's middle half▼ 6.0%-€27,667below the sector's middle half▼ 8.5%-€28,730below the sector's middle half▼ 3.8%-€29,405▼ 2.3%
Total assets€21,215-€15,896▼ 25.1%€10,272below the sector's middle half▼ 35.4%€5,478below the sector's middle half▼ 46.7%€5,532below the sector's middle half▲ 1.0%€5,671below the sector's middle half▲ 2.5%€5,509below the sector's middle half▼ 2.9%€5,350▼ 2.9%
Debt€257,804-€274,427▲ 6.4%€281,730▲ 2.7%€29,554▼ 89.5%€31,042▲ 5.0%€33,339▲ 7.4%€34,240▲ 2.7%€34,755▲ 1.5%
Working capital-€237,456--€258,531▼ 8.9%-€271,458below the sector's middle half▼ 5.0%-€24,076below the sector's middle half▲ 91.1%-€25,510below the sector's middle half▼ 6.0%-€27,667below the sector's middle half▼ 8.5%-€28,730below the sector's middle half▼ 3.8%-€29,405▼ 2.3%
Solvency-439.5%below the sector's middle half-461.1%below the sector's middle half▼ 21.6pp-487.8%below the sector's middle half▼ 26.7pp-521.5%below the sector's middle half▼ 33.6pp-549.7%▼ 28.2pp
Current ratio0.08-0.06▼ 0.020.04below the sector's middle half▼ 0.020.19below the sector's middle half▲ 0.150.18below the sector's middle half▼ 0.010.17below the sector's middle half▼ 0.010.16below the sector's middle half▼ 0.010.15▼ 0.01
Return on assets (ROA)-120.5%--138.0%▼ 17.5pp-125.8%below the sector's middle half▲ 12.2pp-25.9%below the sector's middle half-38.0%below the sector's middle half▼ 12.1pp-19.3%below the sector's middle half▲ 18.7pp-12.6%▲ 6.7pp
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). 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 2026 is a loss of €603, smaller than the loss of €991 in 2025.
Turnover and EBIT margin are not published. The micro format does not require them.
Key figures and ratios
Quick ratio
0.00▼
2025 · 0.01
Debt ≤ 1 year
€34,755▲
2025 · €34,240
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,511 | €868 | - | - | - | - | - | - | - |
| Gross operating margin9900 | -€20,950 | -€20,871 | -€12,831 | -€18,130 | -€1,334 | -€2,073 | -€991 | -€603 | ▲ 39.2% |
| Operating profit (loss)9901 | -€22,461 | -€21,739 | -€12,831 | -€18,130 | -€1,334 | -€2,073 | -€991 | -€603 | ▲ 39.2% |
| Financial income75/76B | - | - | - | €265,620 | - | - | - | - | - |
| Recurring financial income75 | - | €60 | €3 | €36 | - | - | - | - | - |
| Non-recurring financial income76B | - | - | - | €265,584 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €108 | €100 | €84 | €72 | €72 | = |
| Recurring financial charges65 | €3,106 | €264 | €99 | €108 | €100 | €84 | €72 | €72 | = |
| Profit (loss) for the period before taxes9903 | -€25,566 | -€21,943 | -€12,927 | €247,382 | -€1,434 | -€2,157 | -€1,063 | -€675 | ▲ 36.5% |
| Profit (loss) for the period9904 | -€25,566 | -€21,943 | -€12,927 | €247,382 | -€1,434 | -€2,157 | -€1,063 | -€675 | ▲ 36.5% |
| Profit (loss) for the period to be appropriated9905 | -€25,566 | -€21,943 | -€12,927 | €247,382 | -€1,434 | -€2,157 | -€1,063 | -€675 | ▲ 36.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €21,215 | €15,896 | €10,272 | €5,478 | €5,532 | €5,671 | €5,509 | €5,350 | ▼ 2.9% |
| Fixed assets21/28 | €868 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €868 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €20,347 | €15,896 | €10,272 | €5,478 | €5,532 | €5,671 | €5,509 | €5,350 | ▼ 2.9% |
| Stocks and contracts in progress3 | €11,890 | €9,805 | €6,525 | €5,293 | €5,293 | €5,293 | €5,293 | €5,293 | = |
| Stocks30/36 | - | - | - | €5,293 | €5,293 | €5,293 | €5,293 | €5,293 | = |
| Amounts receivable within one year40/41 | €8,430 | €5,651 | €2,316 | €63 | €210 | €95 | €23 | €34 | ▲ 45.5% |
| Other amounts receivable41 | - | - | - | €63 | €210 | €95 | €23 | €34 | ▲ 45.5% |
| Cash at bank and in hand54/58 | €28 | €441 | €1,431 | €122 | €29 | €283 | €193 | €23 | ▼ 88.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €21,215 | €15,896 | €10,272 | €5,478 | €5,532 | €5,671 | €5,509 | €5,350 | ▼ 2.9% |
| Equity10/15 | -€236,588 | -€258,531 | -€271,458 | -€24,076 | -€25,510 | -€27,667 | -€28,730 | -€29,405 | ▼ 2.3% |
| Contributions10/11 | €100,006 | €100,006 | €100,006 | €100,006 | €100,006 | €100,006 | €100,006 | €100,006 | = |
| Capital10 | - | - | - | €100,006 | - | - | - | - | - |
| Issued capital100 | - | - | - | €100,006 | - | - | - | - | - |
| Contributions outside capital11 | - | - | - | - | €100,006 | - | - | - | - |
| Other1109/19 | - | - | - | - | €100,006 | - | - | - | - |
| Profit (loss) carried forward14 | -€336,594 | -€358,537 | -€371,464 | -€124,082 | -€125,516 | -€127,673 | -€128,736 | -€129,411 | ▼ 0.5% |
| Amounts payable17/49 | €257,804 | €274,427 | €281,730 | €29,554 | €31,042 | €33,339 | €34,240 | €34,755 | ▲ 1.5% |
| Amounts payable within one year42/48 | €257,804 | €274,427 | €281,730 | €29,554 | €31,042 | €33,339 | €34,240 | €34,755 | ▲ 1.5% |
| Trade debts44 | €5,460 | €6,895 | €4,933 | €4,609 | €4,790 | €5,055 | €4,754 | €4,754 | = |
| Suppliers440/4 | - | - | - | €4,609 | €4,790 | €5,055 | €4,754 | €4,754 | = |
| Other amounts payable47/48 | - | - | - | €24,945 | €26,251 | €28,283 | €29,485 | €30,000 | ▲ 1.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,566 | -€21,943 | -€12,927 | €247,382 | -€1,434 | -€2,157 | -€1,063 | -€675 | ▲ 36.5% |
| + Depreciation and write-downs630 | €1,511 | €868 | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€24,056 | -€21,075 | -€12,927 | €247,382 | -€1,434 | -€2,157 | -€1,063 | -€675 | ▲ 36.5% |
| Change in cash | - | €412 | €990 | -€1,309 | -€93 | €254 | -€90 | -€170 | ▼ 88.8% |
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, 6,907 companies had the same profile as PROTOSSYS has now. Two years later, 85.5% were still going and 5.8% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
85.5%
was still going
8.1%
stopped otherwise
5.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PROTOSSYS itself is lower: 0.5% within 12 months. It rests on far more data about PROTOSSYS than the profile alone.
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 6,907 companies, not a prediction for PROTOSSYS. 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 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 28-08-2026 | 2026-00503637 | |
| 31-03-2025 | micro format | 18-07-2025 | 2025-00294428 | |
| 31-03-2024 | micro format | 02-07-2024 | 2024-00221490 | |
| 31-03-2023 | micro format | 30-06-2023 | 2023-00201071 | |
| 31-03-2022 | micro format | 11-08-2022 | 2022-20287325 | |
| 31-03-2021 | micro format | 03-08-2021 | 2021-45800143 | |
| 31-03-2020 | micro format | 05-08-2020 | 2020-39400382 | |
| 31-03-2019 | micro format | 16-08-2019 | 2019-48000276 | |
| 31-03-2018 | micro format | 31-07-2018 | 2018-41600331 | |
| 31-03-2017 | micro format | 18-09-2017 | 2017-61300462 |