Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
74 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
S-Proco from Waregem, company number BE0778616921, closed financial year 2025 with a result of € -3,123 after tax. Compared with financial year 2024, the result moved from € -52 to € -3,123. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 26, 2026.
€ 52,413
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,123
▼ 5910 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2,896
▲ 102% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -9,087.
Debts at end 2025
€ 469,600
▲ € 416,600 vs 2024
Loans from banks and other lenders, long and short.
€ 90,590
▲ € 88,891 vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 60 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € -4,486 | € -1,426 | € -52 | € -3,123 | ▼ € 3,071 |
| Equity | € 57,014 | € 55,588 | € 55,536 | € 52,413 | ▼ 6% |
| Total debts | € 1,210 | € 2,191 | € 57,233 | € 567,513 | ▲ € 510,280 |
| Cash | € 58,224 | € 892 | € 1,433 | € 2,896 | ▲ 102% |
| Retained profit | € -4,486 | € -5,912 | € -5,964 | € -9,087 | ▼ € 3,123 |
| Bank debt | € 0 | € 0 | € 53,000 | € 469,600 | ▲ € 416,600 |
| Balance sheet total | € 58,224 | € 57,779 | € 112,769 | € 619,926 | ▲ € 507,157 |
Key figures of S-Proco, 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 S-Proco?
What happened at S-Proco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Paul Thiers stepped down as director. NBB
- Davy Demuynck stepped down as director. NBB
- Kristof Vanfleteren stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 3,123. Source: NBB ↗
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
- Paul Thiers became a director. NBB
- Davy Demuynck became a director. NBB
In short
From € 4,486 loss in 2022 to € 3,123 loss in 2025.
Pays suppliers within 60 days on average.
Management
The stake of ION HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
S-ProcoThe shares are held by ION HOLDING (100%).
Directors
According to the 2025 annual accounts
Paul Thiers
Director
Also active at: COBOS, IMMOCOBEL, DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ, BedRocks, KEMPENSE LAND BANK, STUDIO 2CV, CELIDEE CONSTRUCT, ION Service Provider +39 more
since 2021 · until 2027
Davy Demuynck
Director
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, DECAT Energy Technics, RODEKRUISPLEIN, COBOS, IMMOCOBEL, DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ, ESPOSITO, RIKOTAL +133 more
since 2021 · until 2027
Kristof Vanfleteren
Director
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, DECAT Energy Technics, A’PEN, RODEKRUISPLEIN, COBOS, IMMOCOBEL, DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ, ESPOSITO +139 more
since 2021 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vredestraat 53
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 74 companies are registered at this address.
All companies at this address →Van Eyck Residentie
€ 159,675 gross margin · 2025
RODEKRUISPLEIN same network
€ 45,360 gross margin · 2025
COBOS same network
DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ same network
€ 325,000 revenue · 2025
SRB-invest
€ 2.1 million gross margin · 2022
+69 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
- 0778.616.921
- VAT number
- BE 0778.616.921
- Registered office
- Vredestraat 53, 8790 Waregem
- Names & denominations
- S-Proco
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 December 2021
- Peppol
- Active · Active since 1 Jan 2001