PROCOOL

Inactive

KBO/BCE: BE 0417.854.719

No longer registered with the KBO; last annual accounts for fiscal year 2020.

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Signals

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

○neutral

No filing for years

The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 10 filings

Position against the passed deadline

31-12-2021 close31-07-2022 deadline22-09-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 05-05-2021, 87 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

87 d early

2019

79 d early

← 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 2019, full schema

Turnover

€5.07M▲ 9.4%

2018 · €4.64M

2018: €4.64M

2018 → 2019

EBIT margin

7.1%▲ 0.4pp

2018 · 6.7%

2018: 6.7%

2018 → 2019

Net result

€226k▲ 15.7%

2018 · €195k

2018: €195k

2018 → 2019

Working capital

€446k▼ 32.7%

2018 · €663k

2018: €663k

2018 → 2019

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20182019Trend

Turnover€4.64M-€5.07M▲ 9.4%

Equity€845k-€670k▼ 20.7%

Operating result€309k-€361k▲ 16.7%

Net result€195k-€226k▲ 15.7%

Result per fiscal year

Operating resultNet result

The operating result rises in 2019; 2019 is 17% above 2018.

Balance-sheet composition

2019 in colour, 2018 as the grey bar beneath

Assets €2.78M

10%

90.4%

Fixed assets €266k▲ 7.4%

Current assets €2.52M▲ 12.6%

Equity and liabilities €2.78M

24.1%

75.5%

Equity €670k▼ 20.7%

Provisions €11k▼ 75.3%

Debt €2.10M▲ 31.9%

The debt ratio rises from 64.1% to 75.5%. Equity is lower and debt is higher.

Key figures and ratios

2019 value · change against 2018

EBITDA

€453k▲

2018 · €394k

Cash flow

€318k▲

2018 · €279k

Solvency

24.1%▼

2018 · 34.0%

Current ratio

1.22▼

2018 · 1.42

Quick ratio

1.18▼

2018 · 1.42

ROE

33.7%▲

2018 · 23.1%

ROA

8.1%▲

2018 · 7.8%

Interest coverage

80.57▲

2018 · 76.88

Debt

€2.10M▲

2018 · €1.59M

Debt ≤ 1 year

€2.07M▲

2018 · €1.57M

Income taxes

€132k▲

2018 · €106k

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 · 2019 against 2018

Balance sheet Code20182019

Assets

Total assets20/58€2.48M€2.78M▲

Fixed assets21/28€248k€266k▲

Intangible fixed assets21€5k€3k▼

Tangible fixed assets22/27€233k€254k▲

Financial fixed assets28€10k€10k=

Current assets29/58€2.23M€2.52M▲

Stocks and contracts in progress3€8k€80k▲

Amounts receivable within one year40/41€1.75M€2.25M▲

Current investments50/53€231k-

Cash at bank and in hand54/58€3k€2k▼

Equity and liabilities

Total equity and liabilities10/49€2.48M€2.78M▲

Equity10/15€845k€670k▼

Contributions10/11€62k€62k=

Reserves13€25k€25k=

Profit (loss) carried forward14€758k€583k▼

Provisions and deferred taxes16€46k€11k▼

Amounts payable17/49€1.59M€2.10M▲

Amounts payable within one year42/48€1.57M€2.07M▲

Trade debts44€726k€861k▲

Income statement Code20182019

Turnover70€4.64M€5.07M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85k€92k▲

Operating profit (loss)9901€309k€361k▲

Recurring financial income75€2k€3k▲

Recurring financial charges65€10k€6k▼

Debt charges650€5k€6k▲

Profit (loss) for the period before taxes9903€301k€358k▲

Income taxes67/77€106k€132k▲

Profit (loss) for the period9904€195k€226k▲

Profit (loss) for the period to be appropriated9905€195k€226k▲

Appropriation of the result

Return on contributions (dividend)694-€400k

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