PROLAN
Open bankruptcyA bankruptcy procedure is open for PROLAN according to publications in the Belgian State Gazette; curator: PATRICK SCHRUERS.
Summary
The 2023 annual accounts show negative equity (€-128k) and a net result of €-531k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 02-02-2024, 2 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
2 d late
2022
8 d early
2021
72 d late
2020
1 d late
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€-128k
2022 · €403k
2019: €526khighest in 5 years
2020: €480k▼ -8.7% vs 2019
2021: €278k▼ -42.1% vs 2020
2022: €403k▲ +45.0% vs 2021
2023: €-128k▼ -132% vs 2022lowest in 5 years
2019 → 2023
Total assets
€1.36M▼ 18.0%
2022 · €1.66M
2019: €1.16Mlowest in 5 years
2020: €1.77M▲ +52.2% vs 2019highest in 5 years
2021: €1.74M▼ -1.5% vs 2020
2022: €1.66M▼ -4.6% vs 2021
2023: €1.36M▼ -18.0% vs 2022
2019 → 2023
Net result
€-531k
2022 · €125k
2019: €-41k
2020: €-46k▼ -11.5% vs 2019
2021: €-202k▼ -342% vs 2020
2022: €125k▲ +162% vs 2021highest in 5 years
2023: €-531k▼ -524% vs 2022lowest in 5 years
2019 → 2023
Working capital
€-438k
2022 · €108k
2019: €182khighest in 5 years
2020: €74k▼ -59.5% vs 2019
2021: €-92k▼ -224% vs 2020
2022: €108k▲ +218% vs 2021
2023: €-438k▼ -504% vs 2022lowest in 5 years
2019 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€526k-€480k▼ 8.7%€278k▼ 42.1%€403k▲ 45.0%€-128k
2019: €526khighest in 5 years
2020: €480k▼ -8.7% vs 2019
2021: €278k▼ -42.1% vs 2020
2022: €403k▲ +45.0% vs 2021
2023: €-128k▼ -132% vs 2022lowest in 5 years
Operating result€-20k-€-4k▲ 80.5%€-170k▼ 4,241%€157k€-480k
2019: €-20k
2020: €-4k▲ +80.5% vs 2019
2021: €-170k▼ -4241% vs 2020
2022: €157k▲ +192% vs 2021highest in 5 years
2023: €-480k▼ -406% vs 2022lowest in 5 years
Net result€-41k-€-46k▼ 11.5%€-202k▼ 342%€125k€-531k
2019: €-41k
2020: €-46k▼ -11.5% vs 2019
2021: €-202k▼ -342% vs 2020
2022: €125k▲ +162% vs 2021highest in 5 years
2023: €-531k▼ -524% vs 2022lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €480k after €157k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.36M
Fixed assets
€579k ▼ 19.9%
Current assets
€786k ▼ 16.5%
Key figures and ratios
EBITDA
€-324k▼
2022 · €399k
Cash flow
€-374k▼
2022 · €368k
Solvency
-9.3%▼
2022 · 24.2%
Current ratio
0.64▼
2022 · 1.13
Quick ratio
0.25▼
2022 · 0.63
Debt to equity
-11.70▼
2022 · 3.13
ROA
-38.9%▼
2022 · 7.5%
Interest coverage
-10.11▼
2022 · 12.11
Debt
€1.49M▲
2022 · €1.26M
Debt ≤ 1 year
€1.22M▲
2022 · €833k
Debt > 1 year
€267k▼
2022 · €428k
Staff costs
€461k▲
2022 · €442k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 54 lines
Balance sheet
Code20222023
Assets
Total assets20/58€1.66M€1.36M▼
Fixed assets21/28€723k€579k▼
Tangible fixed assets22/27€723k€579k▼
Plant, machinery and equipment23€176k€105k▼
Furniture and vehicles24€2k€2k▼
Leasing and similar rights25€490k€427k▼
Other tangible fixed assets26€55k€45k▼
Current assets29/58€941k€786k▼
Stocks and contracts in progress3€414k€475k▲
Stocks30/36€414k€475k▲
Amounts receivable within one year40/41€447k€264k▼
Trade receivables40€322k€191k▼
Other amounts receivable41€125k€73k▼
Cash at bank and in hand54/58€76k€42k▼
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.66M€1.36M▼
Equity10/15€403k€-128k▼
Contributions10/11€415k€415k=
Reserves13€65k€65k=
Non-distributable reserves130/1€9k€9k=
Other1319€9k€9k=
Distributable reserves133€57k€57k=
Profit (loss) carried forward14€-77k€-608k▼
Amounts payable17/49€1.26M€1.49M▲
Amounts payable after more than one year17€428k€267k▼
Financial debts170/4€428k€267k▼
Amounts payable within one year42/48€833k€1.22M▲
Current portion of amounts payable after more than one year42€150k€126k▼
Financial debts43€75k€75k=
Credit institutions430/8€75k€75k=
Trade debts44€510k€911k▲
Suppliers440/4€510k€911k▲
Advances received on contracts in progress46-€23k
Taxes, remuneration and social security45€70k€59k▼
Taxes450/3€5k€597▼
Remuneration and social security454/9€65k€59k▼
Other amounts payable47/48€27k€29k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20222023
Remuneration, social security and pensions62€442k€461k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€243k€156k▼
Other operating charges640/8€185€1k▲
Gross operating margin9900€842k€139k▼
Operating profit (loss)9901€157k€-480k▼
Financial income75/76B€1k€6k▲
Recurring financial income75€1k€6k▲
Financial charges65/66B€33k€57k▲
Recurring financial charges65€33k€32k▼
Non-recurring financial charges66B-€25k
Profit (loss) for the period before taxes9903€125k€-531k▼
Profit (loss) for the period9904€125k€-531k▼
Profit (loss) for the period to be appropriated9905€125k€-531k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-77k€-608k▼
Profit (loss) brought forward from the previous period14P€-202k€-77k▲
Social balance
Average headcount (FTE)90878.08.5▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €173k | €442k | €461k | ▲ 4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €224k | €225k | €294k | €243k | €156k | ▼ 35.6% |
| Other operating charges640/8 | - | - | €1k | €185 | €1k | ▲ 487% |
| Gross operating margin9900 | €314k | €348k | €298k | €842k | €139k | ▼ 83.5% |
| Operating profit (loss)9901 | €-20k | €-4k | €-170k | €157k | €-480k | ▼ 406% |
| Financial income75/76B | - | - | €71 | €1k | €6k | ▲ 399% |
| Recurring financial income75 | €21 | €37 | €71 | €1k | €6k | ▲ 399% |
| Financial charges65/66B | - | - | €32k | €33k | €57k | ▲ 72.5% |
| Recurring financial charges65 | €21k | €42k | €32k | €33k | €32k | ▼ 3.0% |
| Non-recurring financial charges66B | - | - | - | - | €25k | - |
| Profit (loss) for the period before taxes9903 | €-41k | €-46k | €-202k | €125k | €-531k | ▼ 524% |
| Income taxes67/77 | €198 | - | - | - | - | - |
| Profit (loss) for the period9904 | €-41k | €-46k | €-202k | €125k | €-531k | ▼ 524% |
| Profit (loss) for the period to be appropriated9905 | €-41k | €-46k | €-202k | €125k | €-531k | ▼ 524% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.16M | €1.77M | €1.74M | €1.66M | €1.36M | ▼ 18.0% |
| Fixed assets21/28 | €633k | €1.16M | €948k | €723k | €579k | ▼ 19.9% |
| Tangible fixed assets22/27 | €627k | €1.16M | €948k | €723k | €579k | ▼ 19.9% |
| Plant, machinery and equipment23 | - | - | €248k | €176k | €105k | ▼ 40.5% |
| Furniture and vehicles24 | - | - | €1k | €2k | €2k | ▼ 3.3% |
| Leasing and similar rights25 | - | - | €640k | €490k | €427k | ▼ 12.8% |
| Other tangible fixed assets26 | - | - | €59k | €55k | €45k | ▼ 17.5% |
| Financial fixed assets28 | €6k | - | - | - | - | - |
| Current assets29/58 | €530k | €615k | €796k | €941k | €786k | ▼ 16.5% |
| Stocks and contracts in progress3 | €143k | €265k | €257k | €414k | €475k | ▲ 14.5% |
| Stocks30/36 | - | - | €257k | €414k | €475k | ▲ 14.5% |
| Amounts receivable within one year40/41 | €246k | €222k | €492k | €447k | €264k | ▼ 40.8% |
| Trade receivables40 | - | - | €432k | €322k | €191k | ▼ 40.6% |
| Other amounts receivable41 | - | - | €59k | €125k | €73k | ▼ 41.5% |
| Cash at bank and in hand54/58 | €133k | €114k | €34k | €76k | €42k | ▼ 45.4% |
| Deferred charges and accrued income490/1 | - | - | €13k | €4k | €5k | ▲ 32.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.16M | €1.77M | €1.74M | €1.66M | €1.36M | ▼ 18.0% |
| Equity10/15 | €526k | €480k | €278k | €403k | €-128k | ▼ 132% |
| Contributions10/11 | €415k | - | €415k | €415k | €415k | = |
| Reserves13 | €152k | €65k | €65k | €65k | €65k | = |
| Non-distributable reserves130/1 | - | - | €9k | €9k | €9k | = |
| Other1319 | - | - | €9k | €9k | €9k | = |
| Distributable reserves133 | - | - | €57k | €57k | €57k | = |
| Profit (loss) carried forward14 | €-41k | - | €-202k | €-77k | €-608k | ▼ 685% |
| Amounts payable17/49 | €637k | €1.29M | €1.47M | €1.26M | €1.49M | ▲ 18.3% |
| Amounts payable after more than one year17 | €289k | €748k | €578k | €428k | €267k | ▼ 37.6% |
| Financial debts170/4 | - | - | €578k | €428k | €267k | ▼ 37.6% |
| Amounts payable within one year42/48 | €348k | €541k | €887k | €833k | €1.22M | ▲ 46.9% |
| Current portion of amounts payable after more than one year42 | - | - | €207k | €150k | €126k | ▼ 16.1% |
| Financial debts43 | - | - | €75k | €75k | €75k | = |
| Credit institutions430/8 | - | - | €75k | €75k | €75k | = |
| Trade debts44 | €108k | €193k | €546k | €510k | €911k | ▲ 78.5% |
| Suppliers440/4 | - | - | €546k | €510k | €911k | ▲ 78.5% |
| Advances received on contracts in progress46 | - | - | - | - | €23k | - |
| Taxes, remuneration and social security45 | - | - | €29k | €70k | €59k | ▼ 15.6% |
| Taxes450/3 | - | - | €6k | €5k | €597 | ▼ 88.4% |
| Remuneration and social security454/9 | - | - | €23k | €65k | €59k | ▼ 9.9% |
| Other amounts payable47/48 | - | - | €31k | €27k | €29k | ▲ 7.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2k | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-41k | €-46k | €-202k | €125k | €-531k | ▼ 524% |
| + Depreciation and write-downs630 | €224k | €225k | €294k | €243k | €156k | ▼ 35.6% |
| Operating cash flow (approximation) | €182k | €179k | €91k | €368k | €-374k | ▼ 202% |
| Investment in fixed assets (approximation) | - | €-746k | €-86k | €-18k | €-13k | ▲ 29.8% |
| Change in cash | - | €-19k | €-80k | €42k | €-35k | ▼ 182% |
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
2024
13-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 14-03-2024
02-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 2 days late
2023
30-06
Financial
Weakest financial yearnet €-531k
Net result drops to €-531k, the lowest in the series.
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Back to profitnet €125k
Net result €125k after 3 loss-making years.
13-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 72 days late
2021
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 1 day late
2020
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
10-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
05-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
11-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Pelt · 1 establishment unit since 2014
Ground area
1.1 ha
Building footprint
4,319 m²
Volume, LiDAR
21,834 m³
Parcel 72502E0102/00N146, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PROLAN
since 20142.225.990.543
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72502E0102/00N146 | Flanders | 1.1 ha | 1 · 4,319 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PATRICK SCHRUERS KEMPISCHE KAAI 7C/1.01,
3500 HASSELT |
14-03-2024 → present |
Similar companies · same sector, comparable size
EFGECO
BE 0419.376.035
Fleurus · Eq €402,562
MOKER
BE 0432.454.110
Boom · Eq €403,892
METAALCONSTRUCTIE BOUCKAERT
BE 0887.945.621
Oostrozebeke · Eq €403,969
KUNSTSMEDERIJ VAN DER MEIRSCH
BE 0459.893.727
Nazareth-De Pinte · Eq €404,160
DN Steel Concepts
BE 0732.884.785
Eeklo · Eq €404,646
Of 3,984 companies in sector 25110 we hold annual accounts for 2,145. 1,605 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-01-2014
Fiscal year end30-06
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
Scores and ratios are computed by Checked and are not a credit decision.