M&D PROGRESS

Active

Private limited companyfounded 2023active for 3 yearsHooglareweg(HA) 18, 9450 Haaltert, BelgiumKBO/BCE: BE 0795.953.492

Summary

A bankruptcy procedure is already open for M&D PROGRESS, so a bankruptcy probability is no longer meaningful. The 2025 annual accounts show equity of €22,576 and a net result of €437. Its solvency ranks better than 18% of 9,217 sector peers (NACE 41, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

M&D PROGRESSActiveChecked score 22/100

Risk analysis Report Compare

Activity

General construction of other non-residential buildings

NACE 41003

1 site

Size

€393,213turnover 2025

Equity: €22,576
Profit: €437

Financial health

22 Critical Checked score 2025

Open bankruptcy

Structure

Accounts filed 3 days late0 of 1 deed read

Signalsraises riskWeak solvency vs sectorneutralFiled after the deadlineShow the evidence

Checked score

Score 2025

22 / 100

Critical

Without a bankruptcy probability: score from the figures alone

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 35-30

equity 10.3% of total assets

Liquidity 3-17

short-term debt 89.7% · cash 2.3%

Profitability 27-73

return on assets 0.2%

Credit verdict

No credit on open account

Liquidity tight (current ratio 1.09, compared with 1.66 in 2024, below the usual 1.5; short-term debt: 89.7% and cash: 2.3% of total assets), and 89.7% of the assets are financed with debt and provisions.

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Signals

Two signals.

raises riskneutral

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9217 sector peers (2025).

NBB · sector comparison

Position among 9217 sector peers

Solvency

better than 18%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 03-11-2025, 3 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 2 filings

Deviation from the deadline

2025

3 days late

2024

119 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 61 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 31-03-2026 is due by 31-10-2026. Nothing is late today.

Companies Code · seven months

Where today falls in the filing period

31-03-2026 year end21-10-2026 today31-10-2026 deadline

No strike-offs in the KBO publications

Searched since incorporation in 2023.

KBO publications · our coverage

03-11-2025 Annual accounts filedfinancial year 2025 · micro…
27-02-2025 Annual accounts filedfinancial year 2024 · micro…

Key points

Caution: Among the weakest 19% on solvencysector median 43.1% · 9,217 companies 10.3% View
Turnover 2025first financial year filed €393,213 View
Active since 2023founded 10-01-2023 3 years View