Turnover
≈ €310,000 estimated
The micro format states no turnover.
AL-PROGRESS
Lifetime
1 annual account with figurespeak €122,294 (2024)
€122,294
peak €88,705 (2024)
€88,705
peak €88,705 (2024)
€88,705
€37,164
Board1 name since 2024
1 directorWILLEMS Alexandre Jean Michel
Documentsfilings and deeds
01-12-2025123 days late
2024micro format
Incorporation 26-011 establishment registeredFirst year with figures
Key points
from the 2024 annual accountsStarting capital
€8,500 1,000 shares
2024 accounts filed 123 days after the deadline
Checked score
55
Fair
Financially stronger than 76% of micro companies without a NACE code
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
02-2025: 2.4%
03-2025: 2.4%● unchanged vs 02-2025
04-2025: 2.5%▲ +0.1 percentage points vs 03-2025
05-2025: 2.9%▲ +0.4 percentage points vs 04-2025
06-2025: 3.0%▲ +0.1 percentage points vs 05-2025
07-2025: 3.3%▲ +0.3 percentage points vs 06-2025
08-2025: 3.3%● unchanged vs 07-2025
09-2025: 3.6%▲ +0.3 percentage points vs 08-2025
10-2025: 3.5%▼ -0.1 percentage points vs 09-2025
11-2025: 3.4%▼ -0.1 percentage points vs 10-2025
12-2025: 3.8%▲ +0.4 percentage points vs 11-2025highest value
01-2026: 0.5%▼ -3.3 percentage points vs 12-2025lowest value
02-2026: 0.6%▲ +0.1 percentage points vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026
05-2026: 0.6%▼ -0.1 percentage points vs 04-2026
06-2026: 0.7%▲ +0.1 percentage points vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 1.2%▲ +0.5 percentage points vs 07-2026
09-2026: 1.4%▲ +0.2 percentage points vs 08-2026
10-2026: 2.3%▲ +0.9 percentage points vs 09-2026
11-2026: 2.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Figures for financial year 2024 (filed on 01-12-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 123 days late; 1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 3.19, cash €57,847
Size: total assets €125,869
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 59% of them on solvency, 79% on liquidity and 90% on profitability.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as AL-PROGRESS has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of AL-PROGRESS itself is higher: 2.3% within 12 months. It rests on far more data about AL-PROGRESS than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for AL-PROGRESS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €4,500 on 30-day terms, only on tighter conditions: the latest accounts were filed more than 90 days after the deadline
Liquidity is ample, with a current ratio of 3.19, above the usual 1.5. Short-term debt is 28.5% and cash 46% of total assets. 29.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
raises risk · 2024 accounts filed 123 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-12-2025, 123 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 1 filingDeviation from the deadline
2024
123 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its 2024 accounts 123 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1005143001
Incorporation
Founding capital of €8,500, 1,000 shares · Founder: WILLEMS Alexandre Jean Michel · Appointment: WILLEMS Alexandre Jean Michel (director) · published on 26-01-2024 · Gazette deed
First establishment
Rue de la Chavée 22, Mettet
Official details
Source: KBO- Status
- Active since 24-01-2024Normal situation
- Activity
- “Toute opération se rapportant à l'exercice de la kinésithérapie et la mise en œuvre…” (deed in French)From the articles, 14 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.355.775.6525640 Mettet, since 24-01-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Insights on AL-PROGRESS
The computed 12-month bankruptcy probability of AL-PROGRESS is 2.3% (moderate). The 2024 annual accounts show equity of €88,705 and a net result of €88,705.
The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AL-PROGRESS
- What is the company number of AL-PROGRESS?
- The company number of AL-PROGRESS is 1005.143.001. The VAT number is the same number with BE in front: BE 1005.143.001.
- Where is AL-PROGRESS based?
- The registered office is at Rue de la Chavée 22, 5640 Mettet.Company details
- What is the legal form of AL-PROGRESS?
- AL-PROGRESS is a private limited company (BV).
- When was AL-PROGRESS founded?
- AL-PROGRESS was founded on 24-01-2024.
- Is AL-PROGRESS still active?
- Yes, AL-PROGRESS is an active enterprise in the KBO register.
- What is the turnover of AL-PROGRESS?
- The turnover in financial year 2024 is ≈ €310,000. This figure is estimated from the gross margin of €122,294 and 2,203 comparable companies of the same size. It probably lies between €200,000 and €470,000. It is a rough estimate.Financials
- Is AL-PROGRESS profitable?
- In financial year 2024, AL-PROGRESS made a profit of €88,705.
- Where can I find the annual accounts of AL-PROGRESS?
- AL-PROGRESS filed 1 annual account with the National Bank of Belgium, for financial year 2024.
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