NORMAL SITUATION

PROMAG

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Financial year 2022 · closed on 31/12/2022

Net result

117,4 k €

-22.0% YoY

Gross margin

477,2 k €

+34.9% YoY

Equity

794,9 k €

+17.3% YoY

Workforce

2,8 ETP

+12.0% YoY

Company — Normal situation.

What does PROMAG do?

PROMAG is a company registered in Belgium. It employs on average 2,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0877.833.172

Legal form

Private limited company

Contributed capital

18 600,00 €

Latest accounts

31/12/2022

Average workforce

2,8 ETP

Joint committees (2)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	477,2 k €	+34.9%	353,8 k €	-3.0%	364,8 k €	+43.7%	253,8 k €	-26.8%	346,5 k €	+6.7%	324,7 k €	+50.5%	215,7 k €	-9.5%	238,4 k €	-5.6%	252,4 k €	-13.2%	290,9 k €	+41.3%	205,8 k €	-33.2%	308 k €	+2.7%	299,8 k €	+51.8%	197,5 k €	-7.9%	214,4 k €	+9.4%	196 k €	+4.4%	187,8 k €
EBITDA	185,2 k €	-16.6%	222 k €	-1.1%	224,5 k €	+122%	101,1 k €	-31.5%	147,5 k €	-10.0%	163,9 k €	+197%	55,3 k €	-6.9%	59,4 k €	-20.0%	74,3 k €	+18.7%	62,5 k €	+41.5%	44,2 k €	-69.5%	145 k €	-14.4%	169,3 k €	+101%	84,1 k €	-24.2%	111 k €	+33.5%	83,1 k €	+637%	11,3 k €
Operating result	165,7 k €	-17.8%	201,5 k €	-0.8%	203,2 k €	+129%	88,8 k €	-35.0%	136,5 k €	-11.3%	153,9 k €	+279%	40,7 k €	+164%	15,4 k €	-60.9%	39,4 k €	+28.0%	30,8 k €	+85425%	36 €	-100.0%	97,6 k €	-20.8%	123,2 k €	+139%	51,6 k €	+23.9%	41,6 k €	-7.1%	44,8 k €	+405%	-14,7 k €
Net result	117,4 k €	-22.0%	150,6 k €	+0.2%	150,4 k €	+149%	60,5 k €	-38.8%	98,8 k €	+7.8%	91,6 k €	+277%	24,3 k €	+212%	7,8 k €	-70.0%	26 k €	+53.1%	17 k €	+225%	-13,6 k €	-121%	64,9 k €	-19.3%	80,4 k €	+195%	27,2 k €	+13.4%	24 k €	-27.1%	32,9 k €	+275%	-18,8 k €
Balance sheet
Equity	794,9 k €	+17.3%	677,4 k €	+28.6%	526,8 k €	+40.0%	376,4 k €	+19.1%	315,9 k €	+45.5%	217,1 k €	+81.9%	119,4 k €	-55.2%	266,3 k €	+3.0%	258,5 k €	+11.2%	232,5 k €	+7.9%	215,6 k €	-5.9%	229,2 k €	+39.5%	164,3 k €	+95.8%	83,9 k €	+41.5%	59,3 k €	+81.3%	32,7 k €	+16287%	-202 €
Total assets	1 M €	+16.0%	867,4 k €	+2.2%	849,1 k €	+18.3%	718 k €	-4.3%	750,5 k €	+22.9%	610,6 k €	+20.1%	508,6 k €	+7.4%	473,4 k €	-3.6%	491,2 k €	+2.2%	480,5 k €	+0.5%	478 k €	-20.5%	601 k €	+4.4%	575,8 k €	+6.3%	541,6 k €	+27.0%	426,4 k €	+5.2%	405,2 k €	+12.6%	359,8 k €
Cash	186,8 k €	-61.5%	485 k €	-0.0%	485,2 k €	+49.0%	325,6 k €	+1.4%	321,1 k €	+46.9%	218,6 k €	+78.2%	122,7 k €	-33.3%	183,8 k €	+17.0%	157,2 k €	+55.8%	100,9 k €	-3.8%	104,9 k €	-20.2%	131,4 k €	+151%	52,5 k €	-2.6%	53,9 k €	+37.0%	39,3 k €	+113%	18,4 k €	-40.3%	30,9 k €
Debts	211,5 k €	+11.4%	189,9 k €	-41.1%	322,3 k €	-5.7%	341,6 k €	-21.4%	434,6 k €	+10.4%	393,4 k €	+1.1%	389 k €	+87.8%	207,1 k €	-10.9%	232,5 k €	-6.1%	247,7 k €	-1.7%	252 k €	-28.7%	353,7 k €	-6.6%	378,6 k €	-13.6%	438,3 k €	+26.2%	347,3 k €	-0.5%	349 k €	+20.2%	290,2 k €
Other
Workforce	2,8 ETP	+12.0%	2,5 ETP	-3.8%	2,6 ETP	-16.1%	3,1 ETP		–		2,8 ETP	0.0%	2,8 ETP	-17.6%	3,4 ETP	+21.4%	2,8 ETP	-24.3%	3,7 ETP	-2.6%	3,8 ETP	+35.7%	2,8 ETP	+3.7%	2,7 ETP	+28.6%	2,1 ETP	-32.3%	3,1 ETP	-88.5%	27,0 ETP	+771%	3,1 ETP

Governance

Board of directors

Seen on filing of 31/12/2022 · 3 active · 3 ended

Active mandates

Aetic Consulting SAS

Mandate

Represented by Nicolas Gros

Active

Chetan PARMAR

Mandate

Active

Lee Clifford WALL

Mandate

Active

Ended mandates

Noel Maes

Director · since 12 décembre 2005

Ended

Noël Maes

Manager · since 12 décembre 2005

Ended

Noël MAES

Manager · since 05 décembre 2005

Ended

Annual accounts

Full financial information

	2022	2021	2020	2019	2018	2017
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/07/2023	21/03/2022	31/08/2021	31/08/2020	26/07/2019	30/08/2018
General meeting	29/06/2023	08/03/2022	07/06/2021	01/06/2020	03/06/2019	04/06/2018
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2022	29/06/2023	19/07/2023	French	PDF
Abridged model	31/12/2021	08/03/2022	21/03/2022	French	PDF
Abridged model	31/12/2020	07/06/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	01/06/2020	31/08/2020	French	PDF
Abridged model	31/12/2018	03/06/2019	26/07/2019	French	PDF
Abridged model	31/12/2017	04/06/2018	30/08/2018	French	PDF
Abridged model	31/12/2016	05/06/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	26/08/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	18/08/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	23/08/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	28/08/2013	French	PDF
Abridged model	31/12/2011	04/06/2012	04/07/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	22/08/2011	French	PDF
Abridged model	31/12/2009	07/06/2010	17/08/2010	French	PDF
Abridged model	31/12/2008	01/06/2009	26/08/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	24/08/2008	French	PDF
Abridged model	31/12/2006	07/05/2007	14/06/2007	French	PDF

Estimate

Indicative valuation

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 31/12/2022 · 3 active · 3 ended

Active mandates

Aetic Consulting SAS

Mandate

Represented by Nicolas Gros

Active

Chetan PARMAR

Mandate

Active

Lee Clifford WALL

Mandate

Active

Ended mandates

Noel Maes

Director · since 12 décembre 2005

Ended

Noël Maes

Manager · since 12 décembre 2005

Ended

Noël MAES

Manager · since 05 décembre 2005

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2022
Annual accounts 2022117,4 k €↓
2021
Annual accounts 2021150,6 k €↑
2020
Annual accounts 2020150,4 k €↑
2019
Annual accounts 201960,5 k €↓
2018
Annual accounts 201898,8 k €↑
2017
Annual accounts 201791,6 k €↑
2016
Annual accounts 201624,3 k €↑
2015
Annual accounts 20157,8 k €↓
2014
Annual accounts 201426 k €↑
2013
Annual accounts 201317 k €↑
2012
Annual accounts 2012-13,6 k €↓
2011
Annual accounts 201164,9 k €↓
2010
Annual accounts 201080,4 k €↑
2009
Annual accounts 200927,2 k €↑
2008
Annual accounts 200824 k €↓
2007
Annual accounts 200732,9 k €↑
2006
Annual accounts 2006-18,8 k €

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

PROMAG

Overview

What does PROMAG do?

Trend over 17 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline