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IT 4 PROGRESS

Active
Private limited companyfounded 201115 yrs activeBlok ter Vaart 10, 1750 Lennik, BelgiumKBO/BCE: BE 0837.155.926

IT 4 PROGRESS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €210k and a net result of €27k. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 76% of 17007 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
91 / 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▲+4
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 4.86 against 4.49 in 2024; short-term debt: 10.1% and cash: 27% of total assets), and 18.5% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
81.5%
Return on assets
10.5%
Age of the figures
15 mo
lowers risk · 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
elevated failure risk from 2 to 8 years 15 years 0 20 y
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 d early
2024
on the day
2023
41 d early
2022
on the day
2021
41 d early
2020
5 d early
2019
on the day
← before the deadline after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close20-09-2026 today31-01-2027 deadline
neutral · 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 2025, micro schema

Equity
€210k▲ 13.7%
2024 · €185k
2019: €122k 2020: €131k 2021: €149k 2022: €162k 2023: €169k 2024: €185k
2019 → 2025
Total assets
€258k▲ 6.5%
2024 · €242k
2019: €233k 2020: €236k 2021: €239k 2022: €237k 2023: €231k 2024: €242k
2019 → 2025
Net result
€27k▲ 54.6%
2024 · €17k
2019: €22k 2020: €17k 2021: €19k 2022: €15k 2023: €8k 2024: €17k
2019 → 2025
Working capital
€101k▲ 9.5%
2024 · €92k
2019: €40k 2020: €47k 2021: €52k 2022: €59k 2023: €76k 2024: €92k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€149k-€162k▲ 9.1%€169k▲ 4.2%€185k▲ 9.4%€210k▲ 13.7%
Operating result€29k-€23k▼ 21.3%€14k▼ 37.7%€28k▲ 92.9%€37k▲ 34.7%
Net result€19k-€15k▼ 20.1%€8k▼ 44.1%€17k▲ 108%€27k▲ 54.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10k€20k€30k€40kOperating result 2021: €29k€29kNet result 2021: €19k€19kOperating result 2022: €23k€23kNet result 2022: €15k€15kOperating result 2023: €14k€14kNet result 2023: €8k€8kOperating result 2024: €28k€28kNet result 2024: €17k€17kOperating result 2025: €37k€37kNet result 2025: €27k€27k20212022202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 35% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €258k
Fixed assets €131k▲ 5.8%
Current assets €127k▲ 7.1%
Equity and liabilities €258k
Equity €210k▲ 13.7%
Debt €48k▼ 17.0%
The debt ratio falls from 23.7% to 18.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€46k
2024 · €38k
Cash flow
€36k
2024 · €28k
Solvency
81.5%
2024 · 76.3%
Current ratio
4.86
2024 · 4.49
Quick ratio
4.86
2024 · 4.49
Debt / equity
0.23
2024 · 0.31
ROE
12.9%
2024 · 9.5%
ROA
10.5%
2024 · 7.2%
Interest coverage
23.54
2024 · 16.36
Debt
€48k
2024 · €57k
Debt ≤ 1 year
€26k
2024 · €26k
Debt > 1 year
€21k
2024 · €31k
Income taxes
€11k
2024 · €8k
Staff costs
€1k
2024 · €2k
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 · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€242k€258k
Fixed assets21/28€124k€131k
Tangible fixed assets22/27€124k€131k
Land and buildings22€119k€116k
Plant, machinery and equipment23€2k€621
Furniture and vehicles24€3k€15k
Current assets29/58€118k€127k
Amounts receivable within one year40/41€8k€27k
Trade receivables40€31€17k
Other amounts receivable41€8k€11k
Current investments50/53€21k€27k
Cash at bank and in hand54/58€75k€70k
Deferred charges and accrued income490/1€15k€4k
Equity and liabilities
Total equity and liabilities10/49€242k€258k
Equity10/15€185k€210k
Contributions10/11€6k€6k=
Reserves13€67k€94k
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€3k€3k=
Distributable reserves133€64k€91k
Profit (loss) carried forward14€112k€110k
Amounts payable17/49€57k€48k
Amounts payable after more than one year17€31k€21k
Financial debts170/4€31k€21k
Amounts payable within one year42/48€26k€26k
Current portion of amounts payable after more than one year42€9k€9k
Trade debts44€782€3k
Suppliers440/4€782€3k
Taxes, remuneration and social security45€14k€12k
Taxes450/3€14k€12k
Other amounts payable47/48€3k€2k
Accrued charges and deferred income492/3€223€0
Income statement Code20242025
Remuneration, social security and pensions62€2k€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€9k
Other operating charges640/8€3k€3k
Gross operating margin9900€44k€50k
Operating profit (loss)9901€28k€37k
Financial income75/76B€650€3k
Recurring financial income75€650€3k
Financial charges65/66B€2k€2k
Recurring financial charges65€2k€2k
Profit (loss) for the period before taxes9903€26k€38k
Income taxes67/77€8k€11k
Profit (loss) for the period9904€17k€27k
Profit (loss) for the period to be appropriated9905€17k€27k
Appropriation of the result
Profit (loss) to be appropriated9906€129k€139k
Profit (loss) brought forward from the previous period14P€112k€112k=
Transfer to equity691/2€16k€27k
To other reserves6921€16k€27k
Profit to be distributed694/7€2k€2k
Return on contributions (dividend)694€2k€2k

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
30-01
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial Highest result since 2019net €27k ▲54.6%
Operating result €37k, net result €27k, both a record.
30-06
Financial Equity above €200kEq €210k ▲13.7%
7 profitable years in a row build equity to €210k.
31-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2023
21-12
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial Weakest financial yearnet €8k ▼44.1%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
31-01
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial Equity above €150kEq €162k ▲9.1%
4 profitable years in a row build equity to €162k.
2021
21-12
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
26-01
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
23-01
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
2 acts for this company are 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, Lennik · 1 establishment unit since 2011
establishment The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Blok ter Vaart 101750 Lennik
Ground area
1,183 m²
Building footprint
136 m²
Volume, LiDAR
682 m³
Parcel 23072D0317/00Z002, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IT 4 PROGRESS
Blok ter Vaart 10, 1750 LennikGeneral electrical installation work
since 20112.200.943.460
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23072D0317/00Z002 Flanders 1,183 m² 1 · 135 m² 9.0 m · 2 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 30,000 companies in sector 62200 we hold annual accounts for 18,392. 14,560 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded22-06-2011
Fiscal year end30-06
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
62010Computer programming, consultancy and related activities
62100Computer programming
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.