B4PROGRESS
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. Equity is shrinking by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 9520 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
| Equity | €284k |
| Net result | €-32k |
| Better than sector | 95% |
| Active | 18 yrs |
Mixed profile: strong on solvency, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 98.7% | 50.9% | |
| Net result | €-32k | €14k | |
| Equity | €284k | €57k | |
| Gross operating margin | €-13k | €37k | |
| Total assets | €288k | €140k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | €-14k | €-14k | €-7k |
| Net profit | €-32k | €-31k | €-27k |
| Cash flow | €-14k | €-14k | €-6k |
| Staff costs | - | - | - |
| Income taxes | - | - | - |
| Dividends | - | - | - |
| Total assets | €288k | €320k | €377k |
| Equity | €284k | €316k | €347k |
| Debt | €4k | €4k | €30k |
| of which ≤ 1y | €4k | €4k | €30k |
| of which > 1y | - | - | - |
| Working capital | €14k | €43k | €57k |
| Employees (FTE) | - | - | - |
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 4.71 | 12.43 | 2.88 |
| Quick ratio | 4.71 | 12.43 | 2.88 |
| Working capital ratio | 4.7% | 13.5% | 15.0% |
| Solvency | 98.7% | 98.8% | 92.0% |
| Debt / equity | 0.01 | 0.01 | 0.09 |
| Long-term debt ratio | - | - | - |
| Interest coverage | -425.51 | -282.73 | -54.95 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -11.0% | -9.7% | -7.1% |
| ROE | -11.1% | -9.9% | -7.7% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (20 line items)
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €288k | €320k | €377k |
| Fixed assets | 21/28 | €271k | €273k | €290k |
| Tangible fixed assets | 22/27 | €271k | €273k | €290k |
| Current assets | 29/58 | €17k | €47k | €87k |
| Cash & bank | 54/58 | €17k | €47k | €87k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €288k | €320k | €377k |
| Equity | 10/15 | €284k | €316k | €347k |
| Contributions / capital | 10/11 | €12k | €12k | €12k |
| Reserves | 13 | €16k | €16k | €16k |
| Accumulated profits (losses) | 14 | €256k | €288k | €319k |
| Amounts payable | 17/49 | €4k | €4k | €30k |
| Amounts payable within one year | 42/48 | €4k | €4k | €30k |
| Trade debts payable within one year | 44 | - | €384 | €3k |
| Income statement | ||||
| Gross operating margin | 9900 | €-13k | €-13k | €-6k |
| Operating result | 9901 | €-32k | €-31k | €-28k |
| Financial income | 75 | - | - | €1k |
| Financial charges | 65 | €32 | €48 | €125 |
| Result before taxes | 9903 | €-32k | €-31k | €-27k |
| Net result for the period | 9904 | €-32k | €-31k | €-27k |
| Result to be appropriated | 9905 | €-32k | €-31k | €-27k |
-
FRANSEN Kobe Mathias JanManagerState Gazette act 23348045 (24-05-2023)Current24-05-2023 → present
2 events
- 24-05-2023 Resigned· Manager
- 24-05-2023 Appointed· Manager
-
FRANSEN Mathias Benjamin TonyManagerState Gazette act 23348045 (24-05-2023)Current24-05-2023 → present
2 events
- 24-05-2023 Resigned· Manager
- 24-05-2023 Appointed· Manager
| NACE primary | Other business support services(82990) |
| Legal form | Private limited company(610) |
| Incorporation | 05-10-2007 |
| Status | Active |
| Postal code | 9921 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44068A0240/00F000 | Flanders | 2,161 m² | 1 · 233 m² | 29.3 m · 8 fl. |
| 44038A0689/00E000 | Flanders | 1,163 m² | 1 · 192 m² | 6.2 m · 2 fl. |
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
24-05-2023 2 directors appointed, 2 resigning correction
- FRANSEN Kobe Mathias Jan, Zaakvoerder
- FRANSEN Mathias Benjamin Tony, Zaakvoerder
- FRANSEN Kobe Mathias Jan, Zaakvoerder
- FRANSEN Mathias Benjamin Tony, Zaakvoerder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "zaakvoerder",
"person": {
"rrn": null,
"name": "FRANSEN Kobe Mathias Jan",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "rechtzetting",
"subkind": "rectification",
"via_org": null,
"statutory": "niet_statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "De algemene vergadering besluit de huidige niet-statutaire zaakvoerders, hierna vermeld, ontslag te geven uit hun functie als zaakvoerder",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_in",
"role": "zaakvoerder",
"person": {
"rrn": null,
"name": "FRANSEN Kobe Mathias Jan",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "renewal",
"via_org": null,
"statutory": "niet_statutair",
"compensated": false,
"effective_date": null,
"evidence_quote": "De algemene vergadering besluit te benoemen als niet-statutaire bestuurders voor een onbepaalde duur vanaf heden",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
},
{
"kind": "director_out",
"role": "zaakvoerder",
"person": {
"rrn": null,
"name": "FRANSEN Mathias Benjamin Tony",
"address": "9230 Wetteren, Peperstraat 20",
"birth_date": "1988-10-21",
"profession": null,
"birth_place": "Wetteren"
},
"reason": "rechtzetting",
"subkind": "rectification",
"via_org": null,
"statutory": "niet_statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "De algemene vergadering besluit de huidige niet-statutaire zaakvoerders, hierna vermeld, ontslag te geven uit hun functie als zaakvoerder",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_in",
"role": "zaakvoerder",
"person": {
"rrn": null,
"name": "FRANSEN Mathias Benjamin Tony",
"address": "9230 Wetteren, Peperstraat 20",
"birth_date": "1988-10-21",
"profession": null,
"birth_place": "Wetteren"
},
"reason": null,
"subkind": "renewal",
"via_org": null,
"statutory": "niet_statutair",
"compensated": false,
"effective_date": null,
"evidence_quote": "De algemene vergadering besluit te benoemen als niet-statutaire bestuurders voor een onbepaalde duur vanaf heden",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
},
{
"kind": "board_snapshot",
"role": null,
"person": null,
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "correction",
"role": null,
"person": null,
"reason": null,
"subkind": "rectification",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "De algemene vergadering verklaart dat het adres van de zetel is gewijzigd naar 9921 Lievegem (Vinderhoute), Schoubroekstraat 15 blijkens bijzondere algemene vergadering de dato 13 oktober 2022, gepubliceerd in de bijlagen tot het Belgisch Staatsblad van 14 februari daarna onder nummer 23313809. De a",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": "Ward BULTEREYS",
"firm_city": null,
"firm_name": "HENRIST, DE MULDER \u0026 BULTEREYS, geassocieerde notarissen",
"office_city": "Merelbeke",
"is_associated": true
},
"act_meta": {
"language": "nl",
"pub_date": "2023-05-24",
"filing_date": "2023-05-22",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2023-05-11",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2023-05-11",
"unanimous": null
}
],
"is_correction": true,
"subject_company": {
"kbo": "0892.592.911",
"name_full": "B4PROGRESS",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"uitgifte van de akte statutenwijziging",
"geco\u00F6rdineerde statuten"
],
"corrected_publication_numac": "23313809"
}14-02-2023 Registered office moved from Gent to Vindethoute
- Zandloperstraat 105 9030 Gent → 9921 Vindethoute, Schoubroekstraat 15
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "9921 Vindethoute, Schoubroekstraat 15",
"city": "Vindethoute",
"region": "vlaams_gewest",
"street": "Schoubroekstraat",
"country": "BE",
"postcode": "9921",
"box_number": null,
"street_number": "15",
"locality_suffix": null
},
"old_address": {
"raw": "Zandloperstraat 105\n9030 Gent",
"city": "Gent",
"region": "vlaams_gewest",
"street": "Zandloperstraat",
"country": "BE",
"postcode": "9030",
"box_number": null,
"street_number": "105",
"locality_suffix": null
},
"effective_date": null,
"evidence_quote": "De algemene vergadering beslist met eenparigheid van stemuien om met onmiddellijke ingang de maatschappelijke zetel te verplaatsen naar 9921 \u0027Vinderhoute, Schoubroekstraat 15",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": "ACTALEX NOTAIRES- ASSOCIES - GEASSOCIEERDE NOTARISSEN",
"office_city": null,
"is_associated": true
},
"act_meta": {
"language": "mixed",
"pub_date": "2023-02-14",
"filing_date": "2023-02-10",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2022-10-13",
"unanimous": true
},
"subject_company": {
"kbo": "0892.592.911",
"name_full": "B4PROGRESS",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "org",
"org_kbo": "0767.666.116",
"org_name": "ACTALEX NOTAIRES- ASSOCIES - GEASSOCIEERDE NOTARISSEN",
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"Notulen van de bijzondere algemene vergadering"
]
}| Legal nameNL | B4PROGRESS |
| AbbreviationNL | B4P |