BATI PROGRESS
ActiveSummary
The computed 12-month bankruptcy probability of BATI PROGRESS is 2.5% (moderate). The 2024 annual accounts show equity of €31k and a net result of €20k. Its solvency ranks better than 33% of 9982 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability90▼-10
Solvency51▼-9
Growth78
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.57 against 1.54 in 2023; short-term debt: 63% and cash: 1% of total assets), but 73.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
26.3%
Return on assets
16.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
54 d late
2023
68 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€31k▲ 177%
2023 · €11k
2023: €11k
2024: €31k▲ +177% vs 2023
2023 → 2024
Total assets
€117k▲ 267%
2023 · €32k
2023: €32k
2024: €117k▲ +267% vs 2023
2023 → 2024
Net result
€20k▲ 116%
2023 · €9k
2023: €9k
2024: €20k▲ +116% vs 2023
2023 → 2024
Working capital
€42k▲ 279%
2023 · €11k
2023: €11k
2024: €42k▲ +279% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€11k-€31k▲ 177%
2023: €11k
2024: €31k▲ +177% vs 2023
Operating result€11k-€25k▲ 122%
2023: €11k
2024: €25k▲ +122% vs 2023
Net result€9k-€20k▲ 116%
2023: €9k
2024: €20k▲ +116% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 122% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €117k
Fixed assets
€1k
Current assets
€116k
Equity and liabilities €117k
Equity
€31k ▲ 177%
Debt
€86k ▲ 315%
Debt's share of the balance-sheet total rises from 65.1% to 73.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27k
Cash flow
€21k
Current ratio
1.57▲
2023 · 1.54
Debt to equity
2.80▲
2023 · 1.87
ROE
63.9%▼
2023 · 82.0%
ROA
16.8%▼
2023 · 28.6%
Interest coverage
120.83
Debt ≤ 1 year
€74k▲
2023 · €21k
Income taxes
€5k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€32k€117k▲
Fixed assets21/28-€1k
Tangible fixed assets22/27-€1k
Furniture and vehicles24-€1k
Current assets29/58€32k€116k▲
Amounts receivable within one year40/41€30k€113k▲
Trade receivables40€26k€110k▲
Other amounts receivable41€4k€4k▼
Cash at bank and in hand54/58€431€1k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€32k€117k▲
Equity10/15€11k€31k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€9k€29k▲
Amounts payable17/49€21k€86k▲
Amounts payable within one year42/48€21k€74k▲
Trade debts44€13k€46k▲
Suppliers440/4€13k€46k▲
Taxes, remuneration and social security45€2k€12k▲
Taxes450/3€2k€11k▲
Remuneration and social security454/9-€1k
Other amounts payable47/48€6k€16k▲
Accrued charges and deferred income492/3-€13k
Income statement
Code20232024
Remuneration, social security and pensions62€6-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€5k
Other operating charges640/8€232€2k▲
Non-recurring operating charges66A€339-
Gross operating margin9900€12k€34k▲
Operating profit (loss)9901€11k€25k▲
Financial income75/76B€1-
Recurring financial income75€1-
Non-recurring financial income76B€1-
Financial charges65/66B-€220
Recurring financial charges65-€220
Profit (loss) for the period before taxes9903€11k€25k▲
Income taxes67/77€2k€5k▲
Profit (loss) for the period9904€9k€20k▲
Profit (loss) for the period to be appropriated9905€9k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€29k▲
Profit (loss) brought forward from the previous period14P-€9k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €6 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1k | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €5k | - |
| Other operating charges640/8 | €232 | €2k | ▲ 779% |
| Non-recurring operating charges66A | €339 | - | - |
| Gross operating margin9900 | €12k | €34k | ▲ 180% |
| Operating profit (loss)9901 | €11k | €25k | ▲ 122% |
| Financial income75/76B | €1 | - | - |
| Recurring financial income75 | €1 | - | - |
| Non-recurring financial income76B | €1 | - | - |
| Financial charges65/66B | - | €220 | - |
| Recurring financial charges65 | - | €220 | - |
| Profit (loss) for the period before taxes9903 | €11k | €25k | ▲ 120% |
| Income taxes67/77 | €2k | €5k | ▲ 134% |
| Profit (loss) for the period9904 | €9k | €20k | ▲ 116% |
| Profit (loss) for the period to be appropriated9905 | €9k | €20k | ▲ 116% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €32k | €117k | ▲ 267% |
| Fixed assets21/28 | - | €1k | - |
| Tangible fixed assets22/27 | - | €1k | - |
| Furniture and vehicles24 | - | €1k | - |
| Current assets29/58 | €32k | €116k | ▲ 263% |
| Amounts receivable within one year40/41 | €30k | €113k | ▲ 280% |
| Trade receivables40 | €26k | €110k | ▲ 325% |
| Other amounts receivable41 | €4k | €4k | ▼ 11.5% |
| Cash at bank and in hand54/58 | €431 | €1k | ▲ 161% |
| Deferred charges and accrued income490/1 | €2k | €1k | ▼ 21.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €32k | €117k | ▲ 267% |
| Equity10/15 | €11k | €31k | ▲ 177% |
| Contributions10/11 | €2k | €2k | = |
| Profit (loss) carried forward14 | €9k | €29k | ▲ 216% |
| Amounts payable17/49 | €21k | €86k | ▲ 315% |
| Amounts payable within one year42/48 | €21k | €74k | ▲ 255% |
| Trade debts44 | €13k | €46k | ▲ 258% |
| Suppliers440/4 | €13k | €46k | ▲ 258% |
| Taxes, remuneration and social security45 | €2k | €12k | ▲ 414% |
| Taxes450/3 | €2k | €11k | ▲ 362% |
| Remuneration and social security454/9 | - | €1k | - |
| Other amounts payable47/48 | €6k | €16k | ▲ 183% |
| Accrued charges and deferred income492/3 | - | €13k | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €20k | ▲ 116% |
| + Depreciation and write-downs630 | - | €1k | - |
| Operating cash flow (approximation) | €9k | €21k | ▲ 130% |
| Change in cash | - | €696 | - |
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
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
NBB filing
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, Dilbeek · 1 establishment unit since 2022
Ground area
3,267 m²
Building footprint
1,376 m²
Volume, LiDAR
7,357 m³
2 parcels, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BATI PROGRESS
since 20222.330.099.356
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23095C0084/00A002 | Flanders | 2,055 m² | 1 · 1,220 m² | 11.1 m · 2 fl. |
| 23016E0256/00F000 | Flanders | 1,212 m² | 1 · 156 m² | 8.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 12,461 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
Founded29-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43120Site preparation
43310Plastering work
43410Roofing work
43990Other specialised construction activities
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
Scores and ratios are computed by Checked and are not a credit decision.