PROXANI
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€3.3m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
42 d early
2022
8 d late
2021
12 d early
2020
90 d late
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 5 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, full schema, statutory accounts
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€103.8m▼ 43.5%
2023 · €183.8m
EBIT margin
-3.2%▼ 3.1pp
2023 · -0.1%
Net result
-€3.3m▼ 526%
2023 · -€521,287
Working capital
€2.6m▼ 50.5%
2023 · €5.2m
Trend over the years
In euros
In per cent
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€198.8m▼ 5.2%€217.8m▲ 9.6%€253.3m▲ 16.3%€183.8m▼ 27.5%€103.8m▼ 43.5%
Operating result€3.1m▲ 114%-€4.0m€248,531-€146,699-€3.3m▼ 2,182%
Net result€1.6m-€4.5m€1.1m-€521,287-€3.3m▼ 526%
EBIT margin1.5%▲ 0.9pp-1.8%▼ 3.4pp0.1%▲ 1.9pp-0.1%▼ 0.2pp-3.2%▼ 3.1pp
Equity€12.9m▲ 14.2%€8.4m▼ 34.7%€9.6m▲ 13.3%€19.3m▲ 102%€16.1m▼ 16.9%
Total assets€71.1m▼ 6.2%€49.0m▼ 31.0%€49.1m▲ 0.1%€33.3m▼ 32.2%€24.0m▼ 27.9%
Debt€57.8m▼ 9.6%€40.3m▼ 30.2%€39.3m▼ 2.5%€13.8m▼ 64.8%€7.9m▼ 42.8%
Working capital-€4.5m▲ 38.1%€13.4m€15.8m▲ 18.0%€5.2m▼ 67.1%€2.6m▼ 50.5%
Staff (FTE)96.592.1▼ 4.6%85▼ 7.7%75.1▼ 11.6%60.5▼ 19.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3.3m in 2024 against €146,699 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €24.0m
Fixed assets
€13.5m ▼ 5.2%
Current assets
€10.5m ▼ 44.9%
Equity and liabilities €24.0m
Equity
€16.1m ▼ 16.9%
Provisions
€0 ▼ 100%
Debt
€7.9m ▼ 42.8%
Debt's share of the balance-sheet total falls from 41.6% to 33.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€1.7m▼
2023 · €1.5m
Cash flow
-€1.6m▼
2023 · €1.1m
Current ratio
1.33▼
2023 · 1.38
Quick ratio
1.10▼
2023 · 1.19
Debt to equity
0.49▼
2023 · 0.72
ROE
-20.3%▼
2023 · -2.7%
ROA
-13.6%▼
2023 · -1.6%
Interest coverage
-723.80▼
2023 · 7.18
Debt ≤ 1 year
€7.9m▼
2023 · €13.8m
Income taxes
€55,979▼
2023 · €127,780
Staff costs
€6.5m▼
2023 · €9.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €218.0m | €253.7m | €188.8m | €105.1m | ▼ 44.3% |
| Turnover70 | €198.8m | €217.8m | €253.3m | €183.8m | €103.8m | ▼ 43.5% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | -€22,769 | -€57,633 | €5,905 | €84,354 | ▲ 1,329% |
| Other operating income74 | - | €248,752 | €419,427 | €5.0m | €1.2m | ▼ 75.2% |
| Non-recurring operating income76A | - | €0 | €37,964 | €20,987 | - | - |
| Operating charges60/66A | - | €222.1m | €253.5m | €188.9m | €108.4m | ▼ 42.6% |
| Goods for resale, raw materials and consumables60 | - | €187.9m | €223.2m | €160.0m | €89.8m | ▼ 43.9% |
| Purchases600/8 | - | €187.8m | €223.1m | €158.9m | €88.6m | ▼ 44.2% |
| Change in stocks: decrease (increase)609 | - | €155,099 | €107,805 | €1.1m | €1.2m | ▲ 7.9% |
| Services and other goods61 | - | €18.7m | €19.6m | €18.0m | €11.4m | ▼ 36.3% |
| Remuneration, social security and pensions62 | - | €9.6m | €8.9m | €9.0m | €6.5m | ▼ 27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2.0m | €1.6m | €1.5m | €1.6m | €1.7m | ▲ 1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | -€123,724 | €427,031 | -€971,328 | ▼ 327% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€50,376 | -€33,519 | -€125,553 | -€109,523 | ▲ 12.8% |
| Other operating charges640/8 | - | €308,150 | €410,357 | €59,222 | €155,350 | ▲ 162% |
| Non-recurring operating charges66A | - | €4.0m | €0 | - | - | - |
| Operating profit (loss)9901 | €3.1m | -€4.0m | €248,531 | -€146,699 | -€3.3m | ▼ 2,182% |
| Financial income75/76B | - | €16.3m | €1.3m | €220,038 | €161,295 | ▼ 26.7% |
| Recurring financial income75 | €291,178 | €16.3m | €94,172 | €220,038 | €161,295 | ▼ 26.7% |
| Income from financial fixed assets750 | - | €16.2m | €0 | €67,380 | - | - |
| Income from current assets751 | - | €81,219 | €94,172 | €152,658 | €152,789 | ▲ 0.1% |
| Other financial income752/9 | - | €0 | - | - | €8,507 | - |
| Non-recurring financial income76B | - | - | €1.2m | €0 | - | - |
| Financial charges65/66B | - | €16.8m | €245,229 | €466,845 | €20,486 | ▼ 95.6% |
| Recurring financial charges65 | €275,659 | €225,137 | €245,229 | €217,140 | €20,486 | ▼ 90.6% |
| Debt charges650 | €253,505 | €210,080 | €232,243 | €208,443 | €2,322 | ▼ 98.9% |
| Other financial charges652/9 | - | €15,057 | €12,986 | €8,697 | €18,164 | ▲ 109% |
| Non-recurring financial charges66B | - | €16.6m | €0 | €249,706 | - | - |
| Profit (loss) for the period before taxes9903 | €2.5m | -€4.5m | €1.3m | -€393,507 | -€3.2m | ▼ 715% |
| Income taxes67/77 | €878,941 | -€38,516 | €173,415 | €127,780 | €55,979 | ▼ 56.2% |
| Taxes670/3 | - | €10,250 | €173,415 | €127,780 | €55,979 | ▼ 56.2% |
| Tax adjustments and reversals of tax provisions77 | - | €48,766 | €0 | - | - | - |
| Profit (loss) for the period9904 | €1.6m | -€4.5m | €1.1m | -€521,287 | -€3.3m | ▼ 526% |
| Profit (loss) for the period to be appropriated9905 | €1.6m | -€4.5m | €1.1m | -€521,287 | -€3.3m | ▼ 526% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71.1m | €49.0m | €49.1m | €33.3m | €24.0m | ▼ 27.9% |
| Fixed assets21/28 | €38.0m | €15.5m | €14.2m | €14.3m | €13.5m | ▼ 5.2% |
| Intangible fixed assets21 | €3.6m | €2.6m | €2.1m | €1.6m | €1.4m | ▼ 8.7% |
| Tangible fixed assets22/27 | €12.5m | €9.0m | €11.9m | €12.7m | €12.1m | ▼ 4.8% |
| Land and buildings22 | - | €6.8m | €6.5m | €6.2m | €6.0m | ▼ 4.3% |
| Plant, machinery and equipment23 | - | €1.8m | €1.7m | €6.1m | €5.9m | ▼ 4.1% |
| Furniture and vehicles24 | - | €148,071 | €202,851 | €186,366 | €154,230 | ▼ 17.2% |
| Assets under construction and advance payments27 | - | €220,504 | €3.6m | €113,498 | €55,257 | ▼ 51.3% |
| Financial fixed assets28 | €21.9m | €3.9m | €158,735 | €200 | €25 | ▼ 87.5% |
| Affiliated companies280/1 | - | €3.9m | €158,135 | €0 | €0 | - |
| Participating interests280 | - | €3.9m | €158,135 | €0 | €0 | - |
| Other financial fixed assets284/8 | - | €600 | €600 | €200 | €25 | ▼ 87.5% |
| Shares284 | - | - | - | - | €25 | - |
| Amounts receivable and cash guarantees285/8 | - | €600 | €600 | €200 | - | - |
| Current assets29/58 | €33.1m | €33.5m | €34.9m | €19.0m | €10.5m | ▼ 44.9% |
| Amounts receivable after more than one year29 | - | €108,276 | €151,589 | €309,362 | - | - |
| Trade receivables290 | - | €108,276 | €151,589 | €309,362 | - | - |
| Stocks and contracts in progress3 | €4.3m | €4.1m | €4.0m | €2.6m | €1.8m | ▼ 31.7% |
| Stocks30/36 | - | €4.1m | €4.0m | €2.6m | €1.8m | ▼ 31.7% |
| Raw materials and consumables30/31 | - | €3.6m | €3.5m | €1.6m | €1.3m | ▼ 17.6% |
| Work in progress32 | - | €25,792 | €42,724 | €0 | - | - |
| Finished goods33 | - | €80,469 | €5,905 | €207,369 | €291,723 | ▲ 40.7% |
| Goods purchased for resale34 | - | €379,474 | €464,464 | €783,253 | €160,478 | ▼ 79.5% |
| Amounts receivable within one year40/41 | €24.0m | €28.3m | €30.3m | €9.8m | €8.3m | ▼ 15.6% |
| Trade receivables40 | - | €20.7m | €20.9m | €9.4m | €7.2m | ▼ 22.8% |
| Other amounts receivable41 | - | €7.6m | €9.4m | €442,269 | €1.0m | ▲ 137% |
| Cash at bank and in hand54/58 | €4.6m | €1.0m | €431,696 | €6.3m | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | - | €0 | - | €177 | €424,341 | ▲ 239,641% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71.1m | €49.0m | €49.1m | €33.3m | €24.0m | ▼ 27.9% |
| Equity10/15 | €12.9m | €8.4m | €9.6m | €19.3m | €16.1m | ▼ 16.9% |
| Contributions10/11 | - | €5.0m | €5.0m | €15.3m | €15.3m | = |
| Reserves13 | €6.3m | €3.4m | €4.6m | €4.1m | €830,402 | ▼ 79.7% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | €203 | €203 | €203 | €203 | = |
| Distributable reserves133 | - | €3.4m | €4.6m | €4.1m | €830,199 | ▼ 79.7% |
| Profit (loss) carried forward14 | €1.6m | €0 | - | - | - | - |
| Provisions and deferred taxes16 | €318,971 | €268,595 | €235,076 | €109,523 | - | - |
| Provisions for liabilities and charges160/5 | - | €268,595 | €235,076 | €109,523 | - | - |
| Pensions and similar obligations160 | - | €136,648 | €115,076 | €109,523 | - | - |
| Other liabilities and charges164/5 | - | €131,947 | €120,000 | €0 | - | - |
| Amounts payable17/49 | €57.8m | €40.3m | €39.3m | €13.8m | €7.9m | ▼ 42.8% |
| Amounts payable after more than one year17 | €20.2m | €20.2m | €20.2m | €0 | - | - |
| Financial debts170/4 | - | €20.2m | €20.2m | €0 | - | - |
| Other loans174 | - | €20.2m | €20.2m | €0 | - | - |
| Amounts payable within one year42/48 | €37.6m | €20.1m | €19.1m | €13.8m | €7.9m | ▼ 42.8% |
| Financial debts43 | - | - | - | - | €101,410 | - |
| Other loans439 | - | - | - | - | €101,410 | - |
| Trade debts44 | €15.0m | €17.2m | €16.7m | €11.5m | €6.6m | ▼ 42.7% |
| Suppliers440/4 | - | €17.2m | €16.7m | €11.5m | €6.6m | ▼ 42.7% |
| Taxes, remuneration and social security45 | - | €2.4m | €2.4m | €2.3m | €1.2m | ▼ 47.9% |
| Taxes450/3 | - | €387,055 | €355,398 | €154,067 | €40,470 | ▼ 73.7% |
| Remuneration and social security454/9 | - | €2.0m | €2.0m | €2.2m | €1.2m | ▼ 46.1% |
| Other amounts payable47/48 | - | €570,182 | €238 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €13,306 | €30,468 | €0 | €0 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.6m | -€4.5m | €1.1m | -€521,287 | -€3.3m | ▼ 526% |
| + Depreciation and write-downs630 | €2.0m | €1.6m | €1.5m | €1.6m | €1.7m | ▲ 1.4% |
| Operating cash flow (approximation) | €3.6m | -€2.9m | €2.6m | €1.1m | -€1.6m | ▼ 242% |
| Investment in fixed assets (approximation) | - | €20.8m | -€144,876 | -€1.7m | -€919,129 | ▲ 45.2% |
| Change in cash | - | -€3.6m | -€594,982 | €5.9m | -€6.3m | ▼ 207% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €10mEq €19.3m ▲102%
Equity rises from €9.6m to €19.3m.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 8 days late
2022
31-12
Financial
Back to profitnet €1.1m
Net result €1.1m after one loss-making year.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€4.5m
Net result drops to -€4.5m, the lowest in the series.
18-11
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated · 90 days late
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 90 days late
2020
31-12
Financial
Back to profitnet €1.6m
Net result €1.6m after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · consolidated
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
17-04
NBB filing
Annual accounts filed
fiscal year 2018 · consolidated · 5 days late
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 30 acts read
About the unread acts
We know of 30 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
2 holdingsOwners 0
No owner stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
- Sourceown accounts 2024100%
Holdings 2
- VOEDERS ALGOETsubsidiary100%
- ForFarmers BEsubsidiary99.99%
According to the 2024 annual accounts of PROXANI and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 4,052 EUR awarded · 4,052 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 929 EUR | 929 EUR |
| 2023 | 1 | 2,288 EUR | 2,288 EUR |
| 2022 | 1 | 835 EUR | 835 EUR |
Schemes