Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 34 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 37 to 29.5.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
PROPULSION SYSTEMS from Sint-Jans-Molenbeek, company number BE0478198221, closed financial year 2025 with a result of € -775,448 after tax. For that financial year PROPULSION SYSTEMS recorded a gross margin of € 3.6 million and equity of € 3.5 million. Compared with financial year 2024, the result moved from € -1.2 million to € -775,448. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 3.5 million
▼ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -775,448
▲ 36 % less loss than in 2024
Profit after tax over the fiscal year.
€ 180,401
▲ 25% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3.5 million.
People and assets in 2025
29.5
▼ 3.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.6 million
▼ 6% vs 2024
€ 87,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 30,646
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.9 million
▼ 25% vs 2024
€ 853,361 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.2 million
▲ 87% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 343,409
▲ 20% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 11,698,579 | € 5,363,411 | € 6,807,229 | - | |
| Gross margin | - | - | - | € 3,649,398 | |
| Profit after taxes | € 597,003 | € -2,082,835 | € -1,215,390 | € -775,448 | ▲ € 439,942 |
| Equity | € 7,593,509 | € 5,510,674 | € 4,295,285 | € 3,519,837 | ▼ 18% |
| Total debts | € 5,366,391 | € 6,170,666 | € 6,153,156 | € 5,473,794 | ▼ 11% |
| Cash | € 45,107 | € 80,048 | € 144,464 | € 180,401 | ▲ 25% |
| Retained profit | € 7,566,329 | € 5,483,494 | € 4,268,105 | € 3,492,657 | ▼ 18% |
| Bank debt | € 2,032,682 | € 4,251,789 | € 5,160,661 | € 3,892,725 | ▼ 25% |
| Balance sheet total | € 13,688,172 | € 12,053,090 | € 10,674,418 | € 9,243,046 | ▼ 13% |
| Employees (FTE) | 42 | 37 | 32.6 | 29.5 | ▼ 3.1 |
Key figures of PROPULSION SYSTEMS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to PROPULSION SYSTEMS?
What happened at PROPULSION SYSTEMS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 775,448. filed late Source: NBB ↗
- DURABLE TECHNOLGIES GROUP BV became a director. NBB
- Marc LAMBERTS-VAN ASSCHE stepped down as director. NBB
- New establishment in Merchtem. KBO
- New establishment in Merchtem. KBO
- Start of the company according to the CBE. KBO
- Marc LAMBERTS-VAN ASSCHE became a director. NBB
In short
From € 597,003 profit in 2022 to € 775,448 loss in 2025.
Paid € 276,279 in corporate taxes since 2022.
Best year ever: 2022, with € 597,003 profit.
On average € 123,700 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind PROPULSION SYSTEMS is DURABLE TECHNOLGIES GROUP BV.
Directors
According to the 2025 annual accounts
Director · represented by Marc LAMBERTS-VAN ASSCHE
since 2026
since 2002 · until 2026
Establishments
Establishment units
Physical locations of this company
Alfred Duboisstraat 25
1080 Sint-Jans-Molenbeek
Romeinsebaan 56
1785 Merchtem
Active since 30 September 2002
Dooren 72
1785 Merchtem
Active since 2 July 2013
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →FILO INVEST
€ 89,297 gross margin · 2025
IMMO EERA
€ -316,632 gross margin · 2025
FISC-PROTECT
€ 521,679 gross margin · 2025
Protect Family Office
EVENTYR
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0478.198.221
- VAT number
- BE 0478.198.221
- Registered office
- Alfred Duboisstraat 25, 1080 Sint-Jans-Molenbeek
- Names & denominations
- PROPULSION SYSTEMS · PROSY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 August 2002
- Peppol
- Active · Active since 23 Jan 2026
- Activities · NACE
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