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PROTEQ

Active
Pathoekeweg 15 ·8000 Brugge, Belgium
KBO/BCE: BE 0477.695.306
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age24 yrs
Staff (FTE)1.9

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of PROTEQ is 0.3% (very low). The 2024 annual accounts show equity of €3.52M and a net result of €192k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 92% of 963 sector peers (fiscal year 2024). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.

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

Signals

3 signals · with evidence
Strong solvency vs sector
Solvency is in the sector's strongest quartile: better than 92% of 963 peers (2024). A comfortable equity buffer.
View the sector comparison
Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend
Growing equity
Equity grew over 2022-2024. 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.

Trust signals

2 signals
Long-established
Founded in 2002, 24 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 administrative flags

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.3% Very low
0%0,5%1,5%4%10%≥25%
Long track record Lower-risk legal form Annual accounts: healthy financial profile

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

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€192k-60.3%
Working capital€3.46M+6.5%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 30-06-2025 with the NBB · fiscal year 2024 · verkort
€0€200k€400k€600kOperating result 2021: €584k€584kNet result 2021: €377k€377kOperating result 2022: €157k€157kNet result 2022: €51k€51kOperating result 2022: €91k€91kNet result 2022: €42k€42kOperating result 2023: €646k€646kNet result 2023: €483k€483kOperating result 2024: €253k€253kNet result 2024: €192k€192k20212022202220232024
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 ~10.3%/year over 6 fiscal years, indicative, assuming unchanged policy.
€2.00M€3.00M€4.00M€5.00M2025: €3.89M (€3.61M - €4.17M)2026: €4.29M (€4.01M - €4.57M)2027: €4.73M (€4.45M - €5.02M)2019: €2.16M2020: €2.38M2021: €2.76M2022: €2.81M2023: €3.33M2024: €3.52M201920202021202220232024202520262027
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).

Sector comparison
Fiscal year 2024 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 86.1% 27.4%
better than 92% of 963 sector peers
Net result €192k €24k
better than 81% of 963 sector peers
Equity €3.52M €172k
better than 95% of 963 sector peers
Gross operating margin €398k €174k
better than 70% of 961 sector peers
Staff costs €113k €166k
higher than 38% of 594 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P92
2020: P84 · n=5172021: P88 · n=6082022: P78 · n=7802023: P95 · n=8832024: P92 · n=9632020 2024
Stable position over 2020-2024 · n=517-963
Net result P81
2020: P84 · n=5162021: P88 · n=6082022: P54 · n=7822023: P94 · n=8822024: P81 · n=9632020 2024
Stable position over 2020-2024 · n=516-963
Equity P95
2020: P92 · n=5172021: P93 · n=6092022: P94 · n=7822023: P95 · n=8842024: P95 · n=9632020 2024
Stable position over 2020-2024 · n=517-963
Gross operating margin P70
2020: P87 · n=5152021: P90 · n=6072022: P85 · n=7812023: P84 · n=8812024: P70 · n=9612020 2024
Weakening position over 2020-2024 · n=515-961
Describes the position versus peers, not a forecast.
EBITDA
€272k
-59.2% 19-24
Net profit
€192k
-60.3% 19-24
Cash flow
€211k
-58.0% 19-24
Total assets
€4.09M
+11.2% 19-24
Equity
€3.52M
+5.8% 19-24
Working capital
€3.46M
+6.5% 19-24
Employees (FTE)
2
-47.2% 19-24
Staff costs
€113k
+63.4% 19-24
Income taxes
€66k
-59.8% 19-24
Debt
€571k
+63.0% 19-24
Debt ≤ 1y
€570k
+62.9% 19-24
Debt > 1y
€270k
- 19-24
Current ratio
7.06
-31.2% 19-24
Quick ratio
3.96
-25.7% 19-24
Solvency
86.1%
-4.9% 19-24
Debt / equity
0.16
+54.2% 19-24
ROE
5.4%
-62.5% 19-24
ROA
4.7%
-64.3% 19-24
Interest coverage
13.16
-57.3% 19-24
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€272k
Net profit€192k
Cash flow€211k
Staff costs€113k
Income taxes€66k
Dividends-
Total assets€4.09M
Equity€3.52M
Debt€571k
of which ≤ 1y€570k
of which > 1y-
Working capital€3.46M
Employees (FTE)1.9
Ratios (computed)
2024
Current ratio7.06
Quick ratio3.96
Working capital ratio84.4%
Solvency86.1%
Debt / equity0.16
Long-term debt ratio-
Interest coverage13.16
Gross margin-
Net margin-
ROA4.7%
ROE5.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€4.09M
Fixed assets 21/28€69k
Tangible fixed assets 22/27€69k
Current assets 29/58€4.03M
Stocks & contracts in progress 3€1.77M
Amounts receivable within one year 40/41€2.25M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€4.09M
Equity 10/15€3.52M
Contributions / capital 10/11€663k
Reserves 13€2.86M
Amounts payable 17/49€571k
Amounts payable within one year 42/48€570k
Trade debts payable within one year 44€544k
Income statement
Gross operating margin 9900€398k
Operating result 9901€253k
Financial income 75€26k
Financial charges 65€21k
Result before taxes 9903€257k
Income taxes 67/77€66k
Net result for the period 9904€192k
Result to be appropriated 9905€192k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
86 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register
seat.Municipality exact location from the address register
6 companies at this address See who is registered here

Establishment units

1 location
Pathoekeweg 15, 8000 Brugge
de groothandel in kledingaccessoires, zoals handschoenen, dassen en ceinturen, paraplu's
since 20022.096.149.808
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area9,274 m²
Buildings1
Building footprint6,407 m²
Volume (LiDAR)84,133 m³
Tallest building15.6 m · ±5 fl.

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.
31807I0459/00N010 Flanders 9,274 m² 1 · 6,406 m² 15.6 m · 5 fl.
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

14 acts
Address history · 1
28-07-2015
Registered-office move
All acts · 14 updated 10 months ago
2025
15-09-2025 2 directors appointed, 1 resigning Director changes
  • LACOSY BV, Bestuurder
  • Ernst & Young Bedrijfsrevisoren BV, Commissaris
  • ARBORATI BV, Bestuurder
Summary: v3.2
2023
04-05-2023 3 directors appointed, 2 resigning Director changes
  • O'Tentic BV, Bestuurder
  • Arborati BV, Bestuurder
  • O'Tentic BV, Gedelegeerd bestuurder
  • Berenike Global Fashion Management BV, Bestuurder
  • Berenike Global Fashion Management BV, Gedelegeerd bestuurder
Summary: v3.2
2022
28-09-2022 Articles of association amended Statutes amendment
05-04-2022 1 director appointed, 3 resigning Director changes
  • PGMS NV, Bestuurder
  • Amélie Derere, Bestuurder
  • Dirk Leermakers, Bestuurder
  • Amélie Derere, Gedelegeerd bestuurder
Summary: v3.2
2021
08-04-2021 Dirk Leermakers appointed as director Director changes
  • Dirk Leermakers, Bestuurder
Summary: v3.2
31-03-2021 2 directors appointed Director changes
  • Stefaan Le Clair, Bestuurder
  • Stefaan Le Clair, Gedelegeerd bestuurder
Summary: v3.2
24-02-2021 2 resigning Director changes
  • Stefan Van Ende, Bestuurder
  • Steam Management BV, Gedelegeerd bestuurder
Summary: v3.2
18-01-2021 J. Vande Moortel & C° Bedrijfsrevisoren BV appointed as statutory auditor Director changes
  • J. Vande Moortel & C° Bedrijfsrevisoren BV, Commissaris
Summary: v3.2
2020
24-02-2020 Derere Amelie resigns as managing director Director changes
  • Derere Amelie, Gedelegeerd bestuurder
Summary: v3.2
2017
27-12-2017 3 directors appointed Director changes
  • Ma.Ge.Co Europe BVBA, Bestuurder
  • Derere Amelie, Gedelegeerd bestuurder
  • Steam Management BVBA, Gedelegeerd bestuurder
Summary: v3.2
2015
23-10-2015 2 resigning Director changes
  • Lanslots Marc, Bestuurder
  • Lanslots Marc, Persoon belast met dagelijks bestuur
Summary: v3.2
28-07-2015 Registered office moved from Kalmthout to Brugge Registered-office change·Notaris niet vermeld
  • Helleven 8, 2920 Kalmthout → Pathoekeweg 15, 8000 Brugge
Notary: Notaris niet vermeld · Antwerpen
02-02-2015 Articles of association amended Statutes amendment
2007
29-01-2007 2 resigning Director changes
  • Dejongh Josephus, Bestuurder
  • Dejongh Antonius, Gedelegeerd bestuurder
Summary: v3.2

Analysis

Snowflake analysis

financial profile on 5 axes
Health86Profitability27Solvency100Growth52Stability100
73 / 100

Strong profile, led by solvency.

All 5 axes are computed from data Checked has read.

Health 86
Profitability 27
Solvency 100
Growth 52
Stability 100

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Credit advice

verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Groothandel in kleding, met uitzondering van werk- en onderkleding46423Groothandel in kleding, met uitzondering van werk- en onderkleding46423Groothandel in kleding, kledingtoebehoren en bontartikelen51421Groothandel in elektrische huishoudelijke apparaten en audio- en videoapparatuur46431Groothandel in elektrische huishoudelijke apparaten en audio- en videoapparatuur46431Groothandel in elektrische huishoudelijke apparaten en audio- en videoapparatuur51430
Primary activity highlighted.
Names & trade names
Legal nameNL PROTEQ
Registered office
Pathoekeweg 15
8000 Brugge, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.