PROFACE · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of PROFACE is 0.5% (very low). The 2025 annual accounts show equity of €518k and a net result of €185k. Equity is growing by ~7% per year across the filed fiscal years. The company has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.5% Very low

0%0,5%1,5%4%10%≥25%

No NACE activity registered +Long track record −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2025).

View the result trend

Growing equity

Equity grew over 2022-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 29-06-2026, 1 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

This company changed its financial year: its two most recent filings do not close on the same date. Each filed year keeps its own exact deadline, but we project no following year on 30-11, because adding twelve months right after a change is unreliable. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-11-2025, that is 30-06-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-11-2025	30-06-2026	29-06-2026	1 d early	2026-00212323
31-12-2023	31-07-2024	30-08-2024	30 d late	2024-00405296
31-12-2022	31-07-2023	29-08-2023	29 d late	2023-00366811
31-12-2021	31-07-2022	31-08-2022	31 d late	2022-20362774
31-12-2020	31-07-2021	10-06-2021	51 d early	2021-18500352
31-12-2019	31-07-2020	17-09-2020	48 d late	2020-53500051
31-12-2018	31-07-2019	29-08-2019	29 d late	2019-53500343
31-12-2017	31-07-2018	09-05-2018	83 d early	2018-12400519
31-12-2016	31-07-2017	31-08-2017	31 d late	2017-52700421
31-12-2015	31-07-2016	09-05-2016	83 d early	2016-11500430

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1983, 43 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€185k+372.5%

Working capital€-896k

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 29-06-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~7%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA

€62k

+427.0% 18-25

Net profit

€185k

+372.5% 18-25

Cash flow

€45k

+374.8% 18-25

Total assets

€3.97M

+34.4% 18-25

Equity

€518k

+55.4% 18-25

Working capital

€-896k

- 18-25

Income taxes

€12k

- 18-25

Debt

€3.45M

+31.8% 18-25

Show 9 other metrics

Debt ≤ 1y

€938k

+3920.0% 18-25

Debt > 1y

€2.52M

-3.2% 18-25

Current ratio

0.04

-99.2% 18-25

Quick ratio

0.04

-99.2% 18-25

Solvency

13.1%

+15.6% 18-25

Debt / equity

6.66

-15.2% 18-25

ROE

35.7%

+204.0% 18-25

ROA

4.7%

+251.4% 18-25

Interest coverage

12.31

+143.0% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€185k
Cash flow	-
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€3.97M
Equity	€518k
Debt	€3.45M
of which ≤ 1y	€938k
of which > 1y	€2.52M
Working capital	€-896k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	0.04
Quick ratio	0.04
Working capital ratio	-22.6%
Solvency	13.1%
Debt / equity	6.66
Long-term debt ratio	4.85
Interest coverage	-
Gross margin	-
Net margin	-
ROA	4.7%
ROE	35.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €3.93M · 99.0% Current assets €42k · 1.1%

Equity & liabilities

Equity €518k · 13.1% Debt €3.45M · 87.0%

Full annual accounts (19 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€3.97M
Fixed assets	21/28	€3.93M
Tangible fixed assets	22/27	€3.93M
Current assets	29/58	€42k
Cash & bank	54/58	€41k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€3.97M
Equity	10/15	€518k
Contributions / capital	10/11	€65k
Reserves	13	€454k
Amounts payable	17/49	€3.45M
Amounts payable after one year	17	€2.52M
Amounts payable within one year	42/48	€938k
Trade debts payable within one year	44	€27k
Income statement
Gross operating margin	9900	€215k
Operating result	9901	€213k
Financial charges	65	€28k
Result before taxes	9903	€185k
Net result for the period	9904	€185k
Result to be appropriated	9905	€185k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

43 / 100 Weak

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

under verification

Directors derived from a single State Gazette act, under verification

All 5 current directors first appear in the same act (23473726). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.

Current directors & mandates

DOKTER EMILE HENQUETLegal entity
Director· perm. rep.: HENQUET Emile
State Gazette act 23473726 (22-12-2023)

Current
22-12-2023 → present
2 events
- 22-12-2023 Resigned· Director
- 22-12-2023 Appointed· Director
DOKTER JOHAN ORYELegal entity
Director· perm. rep.: ORYE Johan
State Gazette act 23473726 (22-12-2023)

Current
22-12-2023 → present
2 events
- 22-12-2023 Resigned· Director
- 22-12-2023 Appointed· Director
DR. Jan JacobsLegal entity
Director· perm. rep.: JACOBS Jan
State Gazette act 23473726 (22-12-2023)

Current
22-12-2023 → present
2 events
- 22-12-2023 Resigned· Director
- 22-12-2023 Appointed· Director
FALTER Bart
Director
State Gazette act 23473726 (22-12-2023)

Current
22-12-2023 → present
2 events
- 22-12-2023 Resigned· Director
- 22-12-2023 Appointed· Director
GRISAR Koenraad
Director
State Gazette act 23473726 (22-12-2023)

Current
22-12-2023 → present
2 events
- 22-12-2023 Resigned· Director
- 22-12-2023 Appointed· Director

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	-
Legal form	Public limited company(014)
Incorporation	30-05-1983
Status	Active
Postal code	3500

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Toekomststraat 23500 Hasselt

Establishment units

1 location

Proface

Gouverneur Roppesingel 129, 3500 HasseltActiviteiten van architecten en ingenieurs; technische testen en toetsen

since 19832.102.388.589

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area2,173 m²

Buildings1

Building footprint612 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71328D3279/00A000	Flanders	2,173 m²	1 · 612 m²	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

2 acts

All acts · 2 updated 1 year ago

2024

24-12-2024 Articles of association amended, translation of the articles, coordination of the articles and amendment of specific articles Statutes amendment·Michaël VAN der LINDEN

Notary: Michaël VAN der LINDEN · Hasselt

Original publication ↗

2023

22-12-2023 10 directors appointed, 5 resigning Director changes·Michaël VAN der LINDEN

FALTER Bart, Bestuurder
GRISAR Koenraad, Bestuurder
HENQUET Emile Joseph Léon, Bestuurder
ORYE Johan Marie Mathieu, Bestuurder
JACOBS Jan, Bestuurder
ORYE Johan, Gedelegeerd bestuurder
HENQUET Emile, Gedelegeerd bestuurder
JACOBS Jan, Gedelegeerd bestuurder

Notary: Michaël VAN der LINDEN · Hasselt

Original publication ↗

Analysis

Financial profile

5 of 5 axes measured

66 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 43

Profitability 100

Solvency 9

Growth 78

Stability 100

Credit advice

verdict per customer and amount

Company registry

Company registry (CBE)

Crossroads Bank

Names & trade names

Legal nameNL

PROFACE

Registered office

Gouverneur Roppesingel 129 bus 0.01

3500 Hasselt, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.