4PROGRESS
ActiveSummary
4PROGRESS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57k and a net result of €228k. Equity is shrinking by ~32.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 20% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency41▲+5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.47 in 2024; short-term debt: 79.3% and cash: 16.7% of total assets), and 84.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
15.5%
Return on assets
62.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
21 d early
2024
38 d early
2023
33 d early
2022
17 d early
2021
27 d early
2020
11 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€57k▼ 40.2%
2024 · €95k
Total assets
€367k▼ 57.3%
2024 · €858k
Net result
€228k▼ 2.4%
2024 · €234k
Working capital
€71k▼ 74.0%
2024 · €272k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€444k▲ 69.0%€275k▼ 38.1%€255k▼ 7.5%€305k▲ 20.0%€280k▼ 8.3%
Net result€337k▲ 66.3%€204k▼ 39.6%€201k▼ 1.1%€234k▲ 16.1%€228k▼ 2.4%
Equity€545k▲ 162%€749k▲ 37.4%€361k▼ 51.8%€95k▼ 73.7%€57k▼ 40.2%
Total assets€732k▲ 158%€949k▲ 29.6%€1.04M▲ 9.6%€858k▼ 17.5%€367k▼ 57.3%
Debt€187k▲ 146%€200k▲ 7.0%€679k▲ 239%€763k▲ 12.4%€310k▼ 59.4%
Working capital€517k▲ 188%€722k▲ 39.7%€342k▼ 52.7%€272k▼ 20.4%€71k▼ 74.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €367k
Fixed assets
€5k ▼ 59.3%
Current assets
€362k ▼ 57.2%
Equity and liabilities €367k
Equity
€57k ▼ 40.2%
Debt
€310k ▼ 59.4%
Debt's share of the balance-sheet total falls from 88.9% to 84.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€282k▼
2024 · €313k
Cash flow
€230k▼
2024 · €241k
Current ratio
1.24▼
2024 · 1.47
Debt to equity
5.45▼
2024 · 8.02
ROE
401.3%▲
2024 · 245.8%
ROA
62.2%▲
2024 · 27.3%
Interest coverage
1144.88▲
2024 · 307.14
Debt ≤ 1 year
€291k▼
2024 · €573k
Income taxes
€68k▼
2024 · €80k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €7k | €7k | €8k | €2k | ▼ 71.5% |
| Other operating charges640/8 | €425 | €796 | €876 | €1k | €1k | ▼ 6.8% |
| Non-recurring operating charges66A | €904 | - | €630 | - | €5k | - |
| Gross operating margin9900 | €451k | €283k | €264k | €314k | €289k | ▼ 8.2% |
| Operating profit (loss)9901 | €444k | €275k | €255k | €305k | €280k | ▼ 8.3% |
| Financial income75/76B | €15 | €2k | €15k | €10k | €17k | ▲ 71.2% |
| Recurring financial income75 | €15 | €2k | €15k | €10k | €17k | ▲ 71.2% |
| Financial charges65/66B | €34 | €1k | €1k | €1k | €246 | ▼ 75.8% |
| Recurring financial charges65 | €34 | €1k | €1k | €1k | €246 | ▼ 75.8% |
| Profit (loss) for the period before taxes9903 | €444k | €276k | €268k | €314k | €296k | ▼ 5.7% |
| Income taxes67/77 | €107k | €72k | €67k | €80k | €68k | ▼ 15.1% |
| Profit (loss) for the period9904 | €337k | €204k | €201k | €234k | €228k | ▼ 2.4% |
| Profit (loss) for the period to be appropriated9905 | €337k | €204k | €201k | €234k | €228k | ▼ 2.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €732k | €949k | €1.04M | €858k | €367k | ▼ 57.3% |
| Fixed assets21/28 | €28k | €27k | €19k | €13k | €5k | ▼ 59.3% |
| Tangible fixed assets22/27 | €28k | €27k | €19k | €13k | €5k | ▼ 59.3% |
| Plant, machinery and equipment23 | - | €2k | €1k | €884 | €490 | ▼ 44.6% |
| Furniture and vehicles24 | €28k | €25k | €18k | €12k | €5k | ▼ 60.4% |
| Current assets29/58 | €704k | €922k | €1.02M | €845k | €362k | ▼ 57.2% |
| Amounts receivable within one year40/41 | €8k | €167k | €277k | €327k | €26k | ▼ 92.1% |
| Trade receivables40 | - | €67k | €73k | €266k | €25k | ▼ 90.5% |
| Other amounts receivable41 | €8k | €100k | €203k | €61k | €602 | ▼ 99.0% |
| Current investments50/53 | - | €35k | €594k | €403k | €250k | ▼ 38.0% |
| Cash at bank and in hand54/58 | €670k | €692k | €143k | €109k | €61k | ▼ 44.1% |
| Deferred charges and accrued income490/1 | €26k | €29k | €7k | €6k | €25k | ▲ 307% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €732k | €949k | €1.04M | €858k | €367k | ▼ 57.3% |
| Equity10/15 | €545k | €749k | €361k | €95k | €57k | ▼ 40.2% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €540k | €744k | €356k | €90k | €52k | ▼ 42.5% |
| Amounts payable17/49 | €187k | €200k | €679k | €763k | €310k | ▼ 59.4% |
| Amounts payable within one year42/48 | €187k | €200k | €679k | €573k | €291k | ▼ 49.3% |
| Trade debts44 | €1k | €2k | €25 | €1k | €1k | ▲ 11.2% |
| Suppliers440/4 | €1k | €2k | €25 | €1k | €1k | ▲ 11.2% |
| Taxes, remuneration and social security45 | €186k | €194k | €90k | €72k | €36k | ▼ 50.3% |
| Taxes450/3 | €186k | €194k | €90k | €72k | €36k | ▼ 50.3% |
| Other amounts payable47/48 | - | €5k | €589k | €501k | €254k | ▼ 49.3% |
| Accrued charges and deferred income492/3 | - | - | €13 | €189k | €19k | ▼ 90.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €337k | €204k | €201k | €234k | €228k | ▼ 2.4% |
| + Depreciation and write-downs630 | €6k | €7k | €7k | €8k | €2k | ▼ 71.5% |
| Operating cash flow (approximation) | €343k | €211k | €209k | €241k | €230k | ▼ 4.6% |
| Investment in fixed assets (approximation) | - | €-6k | €-169 | €-596 | €5k | ▲ 988% |
| Change in cash | - | €22k | €-549k | €-34k | €-48k | ▼ 41.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
24-02
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
2024
17-07
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
15-01
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
2023
31-12
Financial
Weakest financial yearnet €201k ▼1.1%
Net result drops to €201k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €337k ▲66.3%
Operating result €444k, net result €337k, both a record.
31-12
Financial
Equity above €500kEq €545k ▲162%
2 profitable years in a row build equity to €545k.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kontich · 1 establishment unit since 2019
Ground area
1,063 m²
Building footprint
159 m²
Volume, LiDAR
965 m³
Parcel 11024F0194/00W000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
4PROGRESS
since 20192.296.119.959
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024F0194/00W000 | Flanders | 1,063 m² | 1 · 159 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
72 locations
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 38,723 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
73300Public relations and communication consultancy
82100Office administrative and support services
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.