B4PROGRESS

Active

Private limited companyfounded 200718 yrs activeSchouwbroekstraat 15, 9921 Lievegem, BelgiumKBO/BCE: BE 0892.592.911

B4PROGRESS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €284k and a net result of €-32k. Its solvency ranks better than 95% of 3177 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

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Checked score

Score 2024

52 / 100

Fair▼ -3 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency100=

Growth32

Stability100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €15k at 30 days acceptable

Liquidity ample (current ratio 4.71 against 12.43 in 2023), and 1.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

6 signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 82

Relative position

BE, all sectors

reference

Sector 82

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

98.7%

Return on assets

-11%

Age of the figures

20 mo

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

2324

2023 to 2024 · latest year -€32k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

31 d late

2023

30 d late

2022

29 d late

2021

19 d late

2020

27 d late

2019

95 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€284k▼ 10.0%

2023 · €316k

2023: €316k

2023 → 2024

Total assets

€288k▼ 9.9%

2023 · €320k

2023: €320k

2023 → 2024

Net result

€-32k▼ 1.7%

2023 · €-31k

2023: €-31k

2023 → 2024

Working capital

€14k▼ 68.4%

2023 · €43k

2023: €43k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€316k-€284k▼ 10.0%

Operating result€-31k-€-32k▼ 1.7%

Net result€-31k-€-32k▼ 1.7%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €32k in 2024 against €31k in 2023; the loss grows.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €288k

94.0%

Fixed assets €271k▼ 0.8%

Current assets €17k▼ 63.1%

Equity and liabilities €288k

98.7%

Equity €284k▼ 10.0%

Debt €4k▼ 2.6%

The debt ratio rises from 1.2% to 1.3%: equity shrinks faster than debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-14k▼

2023 · €-14k

Cash flow

€-14k▼

2023 · €-14k

Solvency

98.7%▼

2023 · 98.8%

Current ratio

4.71▼

2023 · 12.43

Quick ratio

4.71▼

2023 · 12.43

Debt / equity

0.01▲

2023 · 0.01

ROE

-11.1%▼

2023 · -9.9%

ROA

-11.0%▼

2023 · -9.7%

Interest coverage

-425.51▼

2023 · -282.73

Debt

€4k▼

2023 · €4k

Debt ≤ 1 year

€4k▼

2023 · €4k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024

Balance sheet Code2024

Total assets 20/58€288k

Fixed assets 21/28€271k

Tangible fixed assets 22/27€271k

Current assets 29/58€17k

Cash & bank 54/58€17k

Total equity & liabilities 10/49€288k

Equity 10/15€284k

Contributions / capital 10/11€12k

Reserves 13€16k

Accumulated profits (losses) 14€256k

Amounts payable 17/49€4k

Amounts payable within one year 42/48€4k

Income statement Code2024

Gross operating margin 9900€-13k

Operating result 9901€-32k

Financial charges 65€32

Result before taxes 9903€-32k

Net result for the period 9904€-32k

Result to be appropriated 9905€-32k

This is the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Timeline · acts, filings and financial milestones

All 12Gazette 2Filings 10

2025

31-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 31 days late

2024

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

29-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 29 days late

24-05

State Gazette act Director changes

23313809 · Ward BULTEREYS · correction

14-02

State Gazette act Registered-office change

2022

19-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 19 days late

2021

27-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 27 days late

2020

03-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 95 days late

2019

20-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 20 days late

2018

31-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 31 days late

2017

19-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

25-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 25 days late

State Gazette actNBB filing

2 of 5 acts read

About the unread acts

Of the 5 Belgian State Gazette acts we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

2 directors, last change in 2023

FRANSEN Kobe Mathias Jan

Manager · since 24-05-2023

Current

FRANSEN Mathias Benjamin Tony

Manager · since 24-05-2023

Current

24-05-2023 FRANSEN Kobe Mathias Jan: Resigned as Manager

24-05-2023 FRANSEN Kobe Mathias Jan: Appointed as Manager

24-05-2023 FRANSEN Mathias Benjamin Tony: Resigned as Manager

24-05-2023 FRANSEN Mathias Benjamin Tony: Appointed as Manager

Not every act has been read: a resignation may be missing here

3 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Lievegem · 1 establishment unit since 2007

exact location from the address register On OpenStreetMap

Ground area

3,324 m²

Building footprint

426 m²

Volume, LiDAR

6,401 m³

2 parcels, Flanders · tallest building 29.3 m, ±8 floors. Linked by address, not a title deed.

1 establishment unit

B4P