ACTIVE

PROTEQ

Financial year 2025 · closed on 31/12/2025
Net result
183,3 k €
-4.4% YoY
Gross margin
437 k €
+9.8% YoY
Equity
3,7 M €
+5.2% YoY
Workforce
1,9 ETP
0.0% YoY

What does PROTEQ do?

PROTEQ is a Public limited company incorporated in 2002. Its main activity is: Wholesale of clothing and footwear. Its registered office is in Brugge. It employs on average 1,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0477.695.306
Incorporation
05/06/2002
Legal form
Public limited company
Registered office
Pathoekeweg 15
8000 Brugge · FlandreSee on map
Contributed capital
663 000,00 €
Latest accounts
31/12/2025
Average workforce
1,9 ETP
Joint committees (3)
  • 109
  • 215
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222022202120202019201820172016201520132012201120102009200820072006
Income statement
Gross margin437 k €398 k €739,2 k €868,3 k €913,9 k €1,3 M €1 M €963,3 k €1,1 M €964,7 k €822,3 k €
EBITDA283,7 k €283,2 k €667,3 k €107,7 k €175,6 k €611,7 k €345,1 k €328,2 k €466,8 k €344,7 k €126,1 k €570,4 k €423,1 k €590 k €710,2 k €330,3 k €100,6 k €138,6 k €307,1 k €168 k €
Operating result246,1 k €252,6 k €646,4 k €91 k €156,7 k €584,1 k €405,1 k €382,3 k €362,1 k €381,2 k €15,3 k €343,4 k €277,6 k €440,3 k €514,7 k €189,6 k €-21,1 k €32,2 k €219,2 k €27,4 k €
Net result183,3 k €191,7 k €483 k €41,9 k €50,6 k €377,3 k €223,9 k €207,5 k €175,1 k €191,9 k €329,5 k €154,4 k €107,5 k €222,5 k €346,4 k €80,2 k €22,9 k €-70,4 k €30,3 k €-135,3 k €
Balance sheet
Equity3,7 M €3,5 M €3,3 M €2,8 M €2,8 M €2,8 M €2,4 M €2,2 M €1,9 M €1,8 M €1,6 M €1,3 M €1,1 M €1 M €782,3 k €435,8 k €355,6 k €332,8 k €403,2 k €372,9 k €
Total assets4,2 M €4,1 M €3,7 M €5,1 M €4,4 M €3,7 M €3,4 M €3,4 M €3,1 M €3 M €3 M €4 M €4,2 M €4 M €4,2 M €3,6 M €3,8 M €4 M €4,8 M €4,2 M €
Cash46,7 k €367,9 k €120,7 k €1,3 M €477 k €171,4 k €364,1 k €311,6 k €221,2 k €25,8 k €123,1 k €80 k €36 k €97,9 k €67,4 k €76,6 k €211,7 k €53,6 k €
Debts491,5 k €569,9 k €350 k €2,1 M €1,6 M €947,6 k €1 M €1,3 M €1,2 M €1,3 M €1,4 M €2,6 M €3 M €2,9 M €3,4 M €3,2 M €3,5 M €3,7 M €4,3 M €3,8 M €
Other
Workforce1,9 ETP1,9 ETP3,6 ETP11,0 ETP8,3 ETP11,1 ETP8,2 ETP8,1 ETP7,8 ETP9,0 ETP8,5 ETP12,3 ETP11,5 ETP11,6 ETP11,1 ETP11,1 ETP12,4 ETP14,3 ETP13,5 ETP13,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 26 ended

Active mandates

LACOSY

Director · since 01 juillet 2025 · until 20 juin 2029 · 0832.904.653

Represented by Pieter Cosyn

Active
O'Tentic

Managing director · since 31 mars 2023 · until 16 juin 2027 · 0666.819.768

Represented by Veronique Mulliez

Active
PGMS

Director · since 04 mars 2022 · until 16 juin 2027 · 0439.491.756

Represented by Philip Ghekiere

Active

Ended mandates

Arborati

Director · since 31 mars 2023 · until 16 juin 2027 · 0795.251.233

Represented by Raf Vermaere

Ended
PGMS

Director · since 04 mars 2022 · until 20 septembre 2027 · 0439.491.756

Represented by Philip Ghekiere

Ended
BERENIKE GLOBAL FASHION MANAGEMENT

Managing director · since 02 mars 2021 · until 20 septembre 2027 · 0825.896.206

Represented by Stefaan Le Clair

Ended
Dirk Leermakers

Director · since 02 mars 2021 · until 20 septembre 2021

Ended
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Annual accounts

Full financial information

202520242023202220222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/04/202201/04/202101/04/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/03/202231/03/2021
Length of the financial year12 months12 months12 months9 months12 months12 months
Filing date10/07/202630/06/202520/06/202405/07/202306/10/202220/09/2021
General meeting07/07/202626/06/202519/06/202430/06/202319/09/202220/09/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202507/07/202610/07/2026DutchPDF
Abridged model31/12/202426/06/202530/06/2025DutchPDF
Abridged model31/12/202319/06/202420/06/2024DutchPDF
Abridged model31/12/202230/06/202305/07/2023DutchPDF
Abridged model31/03/202219/09/202206/10/2022DutchPDF
Abridged model31/03/202120/09/202120/09/2021DutchPDF
Abridged model31/03/202021/09/202009/10/2020DutchPDF
Abridged model31/03/201916/09/201930/09/2019DutchPDF
Abridged model31/03/201817/09/201819/09/2018DutchPDF
Abridged model31/03/201718/09/201722/09/2017DutchPDF
Full model31/03/201615/06/201604/08/2016DutchPDF
Full model31/03/201515/06/201506/07/2015DutchPDF
Full model31/12/201316/06/201416/06/2014DutchPDF
Full model31/12/201217/06/201314/08/2013DutchPDF
Full model31/12/201118/06/201221/08/2012DutchPDF
Full model31/12/201021/06/201129/08/2011DutchPDF
Full model31/12/200921/06/201031/08/2010DutchPDF
Full modelCorrection31/12/200815/06/200930/09/2010DutchPDF
Full model31/12/200815/06/200925/08/2009DutchPDF
Full model31/12/200716/06/200812/07/2008DutchPDF
Abridged model31/12/200618/06/200716/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 26 ended

Active mandates

LACOSY

Director · since 01 juillet 2025 · until 20 juin 2029 · 0832.904.653

Represented by Pieter Cosyn

Active
O'Tentic

Managing director · since 31 mars 2023 · until 16 juin 2027 · 0666.819.768

Represented by Veronique Mulliez

Active
PGMS

Director · since 04 mars 2022 · until 16 juin 2027 · 0439.491.756

Represented by Philip Ghekiere

Active

Ended mandates

Arborati

Director · since 31 mars 2023 · until 16 juin 2027 · 0795.251.233

Represented by Raf Vermaere

Ended
PGMS

Director · since 04 mars 2022 · until 20 septembre 2027 · 0439.491.756

Represented by Philip Ghekiere

Ended
BERENIKE GLOBAL FASHION MANAGEMENT

Managing director · since 02 mars 2021 · until 20 septembre 2027 · 0825.896.206

Represented by Stefaan Le Clair

Ended
Dirk Leermakers

Director · since 02 mars 2021 · until 20 septembre 2021

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other07/07/2026
    DIVERSEN
    PDF
  • Mandates15/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/05/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other28/09/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates05/04/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/04/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/03/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/02/2021
    ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025183,3 k €
  2. 2024
    Annual accounts 2024191,7 k €
  3. 2023
    Annual accounts 2023483 k €
  4. 2022
    Annual accounts 202241,9 k €
  5. 2022
    Annual accounts 202250,6 k €
  6. 2021
    Annual accounts 2021377,3 k €
  7. 2020
    Annual accounts 2020223,9 k €
  8. 2019
    Annual accounts 2019207,5 k €
  9. 2018
    Annual accounts 2018175,1 k €
  10. 2017
    Annual accounts 2017191,9 k €
  11. 2016
    Annual accounts 2016329,5 k €
  12. 2015
    Annual accounts 2015154,4 k €
  13. 2013
    Annual accounts 2013107,5 k €
  14. 2012
    Annual accounts 2012222,5 k €
  15. 2011
    Annual accounts 2011346,4 k €
  16. 2010
    Annual accounts 201080,2 k €
  17. 2009
    Annual accounts 200922,9 k €
  18. 2008
    Annual accounts 2008-70,4 k €
  19. 2007
    Annual accounts 200730,3 k €
  20. 2006
    Annual accounts 2006-135,3 k €
  21. 05/06/2002
    IncorporationPublic limited company