PROTOTYPE CARS

Active

Private limited companyfounded 20223 yrs activeStoofstraat 10, 1785 Merchtem, BelgiumKBO/BCE: BE 0791.612.545

The computed 12-month bankruptcy probability of PROTOTYPE CARS is 4.3% (elevated). The 2024 annual accounts show negative equity (€-431) and a net result of €-12k. Its solvency ranks better than 22% of 26056 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

7 / 100

Critical▼ -36 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+100

Solvency33▼-30

Growth32

Stability94

Bankruptcy probability, 12 months

4.3% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.27 against 0.3 in 2023), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-3.4%

Return on assets

-94.4%

Age of the figures

20 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Negative equity

Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2024

Equity per financial year

2324

2023 to 2024 · latest year -€431

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-11-2025, 118 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

118 d late

2023

30 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€-431

2023 · €12k

2023: €12k

2023 → 2024

Total assets

€13k▼ 41.1%

2023 · €21k

2023: €21k

2023 → 2024

Net result

€-12k▼ 40.7%

2023 · €-8k

2023: €-8k

2023 → 2024

Working capital

€-10k▼ 37.5%

2023 · €-7k

2023: €-7k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€12k-€-431

Operating result€-8k-€-12k▼ 39.3%

Net result€-8k-€-12k▼ 40.7%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €12k in 2024 against €8k in 2023; the loss grows.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €13k

72.2%

27.8%

Fixed assets €9k▼ 50.5%

Current assets €4k▲ 17.0%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-2k▼

2023 · €1k

Cash flow

€-3k▼

2023 · €1k

Solvency

-3.4%▼

2023 · 53.6%

Current ratio

0.27▼

2023 · 0.30

Quick ratio

0.27▼

2023 · 0.30

ROA

-94.4%▼

2023 · -39.5%

Interest coverage

-12.60▼

2023 · 22.25

Debt

€13k▲

2023 · €10k

Debt ≤ 1 year

€13k▲

2023 · €10k

Equity ratios withheld: equity of €-431 is too small for a meaningful ratio.

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€21k€13k▼

Fixed assets21/28€18k€9k▼

Tangible fixed assets22/27€18k€9k▼

Furniture and vehicles24€18k€9k▼

Financial fixed assets28€78€78=

Current assets29/58€3k€4k▲

Amounts receivable within one year40/41€3k€4k▲

Trade receivables40€3k€3k▲

Other amounts receivable41€450€604▲

Cash at bank and in hand54/58€48€0▼

Equity and liabilities

Total equity and liabilities10/49€21k€13k▼

Equity10/15€12k€-431▼

Contributions10/11€20k€20k=

Profit (loss) carried forward14€-8k€-20k▼

Amounts payable17/49€10k€13k▲

Amounts payable within one year42/48€10k€13k▲

Trade debts44€3k€6k▲

Suppliers440/4€3k€6k▲

Taxes, remuneration and social security45€354€491▲

Taxes450/3€354€491▲

Other amounts payable47/48€7k€7k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€9k▼

Other operating charges640/8€812€138▼

Gross operating margin9900€2k€-2k▼

Operating profit (loss)9901€-8k€-12k▼

Financial charges65/66B€52€192▲

Recurring financial charges65€52€192▲

Profit (loss) for the period before taxes9903€-8k€-12k▼

Profit (loss) for the period9904€-8k€-12k▼

Profit (loss) for the period to be appropriated9905€-8k€-12k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-8k€-20k▼

Profit (loss) brought forward from the previous period14P-€-8k

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

2025

26-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 118 days late

2024

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

NBB filing

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

01-06-2025 Kwyasse Whalid: Resigned as Director

31-12-2024 Houd Essabri: Resigned as Director

Location & real-estate footprint

Registered office, Merchtem · 1 establishment unit since 2022

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Stoofstraat 101785 Merchtem

Ground area

442 m²

Building footprint

185 m²