PROGARDEN
ActiveSummary
PROGARDEN has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €297,152 and a net result of €46,132. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 86% of 5897 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▲+11
Solvency100▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 4.34 against 3.78 in 2023; short-term debt: 20.4% and cash: 46.8% of total assets), and 21.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
27 d late
2022
31 d late
2021
31 d late
2020
153 d late
2019
150 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 70 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€297,152▲ 18.4%
2023 · €251,021
Total assets
€378,316▲ 11.7%
2023 · €338,786
Net result
€46,132▲ 330%
2023 · €10,723
Working capital
€258,053▲ 10.7%
2023 · €233,160
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€14,241▼ 66.4%-€2,082€15,151€14,745▼ 2.7%€71,118▲ 382%
Net result€8,137within the sector's middle half▼ 70.7%-€6,754below the sector's middle half€8,861within the sector's middle half€10,723within the sector's middle half▲ 21.0%€46,132above the sector's middle half▲ 330%
Equity€238,191above the sector's middle half▲ 3.5%€231,438above the sector's middle half▼ 2.8%€240,298above the sector's middle half▲ 3.8%€251,021above the sector's middle half▲ 4.5%€297,152above the sector's middle half▲ 18.4%
Total assets€352,328above the sector's middle half▲ 25.2%€319,988above the sector's middle half▼ 9.2%€325,132above the sector's middle half▲ 1.6%€338,786above the sector's middle half▲ 4.2%€378,316above the sector's middle half▲ 11.7%
Debt€108,307▲ 119%€88,551▼ 18.2%€84,834▼ 4.2%€87,766▲ 3.5%€81,163▼ 7.5%
Working capital€233,873above the sector's middle half▲ 6.4%€218,215above the sector's middle half▼ 6.7%€217,371above the sector's middle half▼ 0.4%€233,160above the sector's middle half▲ 7.3%€258,053above the sector's middle half▲ 10.7%
Solvency67.6%above the sector's middle half▼ 14.2pp72.3%above the sector's middle half▲ 4.7pp73.9%above the sector's middle half▲ 1.6pp74.1%above the sector's middle half▲ 0.2pp78.5%above the sector's middle half▲ 4.5pp
Current ratio3.18above the sector's middle half▼ 2.263.96above the sector's middle half▲ 0.783.82above the sector's middle half▼ 0.143.78above the sector's middle half▼ 0.044.34above the sector's middle half▲ 0.56
Return on assets (ROA)2.3%within the sector's middle half▼ 7.5pp-2.1%below the sector's middle half▼ 4.4pp2.7%within the sector's middle half▲ 4.8pp3.2%within the sector's middle half▲ 0.4pp12.2%within the sector's middle half▲ 9.0pp
Staff (FTE)3.3within the sector's middle half3.1▼ 6.1%1.8▼ 41.9%4.4▲ 144%
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 382% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €378,316
Fixed assets
€42,915 ▲ 98.0%
Current assets
€335,401 ▲ 5.8%
Equity and liabilities €378,316
Equity
€297,152 ▲ 18.4%
Debt
€81,163 ▼ 7.5%
Debt's share of the balance-sheet total falls from 25.9% to 21.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€83,973▲
2023 · €26,180
Cash flow
€58,988▲
2023 · €22,158
Debt to equity
0.27▼
2023 · 0.35
ROE
15.5%▲
2023 · 4.3%
Interest coverage
68.44▲
2023 · 13.53
Debt ≤ 1 year
€77,347▼
2023 · €83,950
Debt > 1 year
€3,816=
2023 · €3,816
Income taxes
€23,759▲
2023 · €2,091
Staff costs
€216,216▲
2023 · €172,689
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €148,335 | €152,502 | €172,689 | €216,216 | ▲ 25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,231 | €11,639 | €8,231 | €11,435 | €12,856 | ▲ 12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €18,652 | €16,359 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€5,829 | - | - | - | - |
| Other operating charges640/8 | - | €2,745 | €3,832 | €24,186 | €2,768 | ▼ 88.6% |
| Non-recurring operating charges66A | - | €806 | - | €255 | - | - |
| Gross operating margin9900 | €160,706 | €174,266 | €196,075 | €223,310 | €302,958 | ▲ 35.7% |
| Operating profit (loss)9901 | €14,241 | -€2,082 | €15,151 | €14,745 | €71,118 | ▲ 382% |
| Financial income75/76B | - | €13 | - | €3 | - | - |
| Recurring financial income75 | - | €13 | - | €3 | - | - |
| Financial charges65/66B | - | €2,684 | €1,592 | €1,934 | €1,227 | ▼ 36.6% |
| Recurring financial charges65 | €2,184 | €2,684 | €1,592 | €1,934 | €1,227 | ▼ 36.6% |
| Profit (loss) for the period before taxes9903 | €12,057 | -€4,754 | €13,560 | €12,814 | €69,891 | ▲ 445% |
| Income taxes67/77 | €3,920 | €2,000 | €4,699 | €2,091 | €23,759 | ▲ 1,036% |
| Profit (loss) for the period9904 | €8,137 | -€6,754 | €8,861 | €10,723 | €46,132 | ▲ 330% |
| Profit (loss) for the period to be appropriated9905 | €8,137 | -€6,754 | €8,861 | €10,723 | €46,132 | ▲ 330% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €352,328 | €319,988 | €325,132 | €338,786 | €378,316 | ▲ 11.7% |
| Fixed assets21/28 | €11,337 | €28,096 | €30,661 | €21,677 | €42,915 | ▲ 98.0% |
| Tangible fixed assets22/27 | €11,337 | €28,096 | €30,661 | €21,677 | €29,415 | ▲ 35.7% |
| Plant, machinery and equipment23 | - | €2,822 | €10,510 | €7,606 | €17,501 | ▲ 130% |
| Furniture and vehicles24 | - | €25,274 | €20,150 | €14,071 | €11,913 | ▼ 15.3% |
| Assets under construction and advance payments27 | - | €0 | - | - | - | - |
| Financial fixed assets28 | - | - | - | - | €13,500 | - |
| Current assets29/58 | €340,990 | €291,893 | €294,472 | €317,110 | €335,401 | ▲ 5.8% |
| Stocks and contracts in progress3 | €2,641 | €2,585 | €2,502 | €3,605 | - | - |
| Stocks30/36 | - | €2,585 | €2,502 | €3,605 | - | - |
| Amounts receivable within one year40/41 | €273,603 | €231,023 | €124,720 | €142,057 | €156,366 | ▲ 10.1% |
| Trade receivables40 | - | €196,783 | €79,814 | €112,887 | €122,920 | ▲ 8.9% |
| Other amounts receivable41 | - | €34,240 | €44,906 | €29,170 | €33,446 | ▲ 14.7% |
| Current investments50/53 | €2 | - | €0 | - | - | - |
| Cash at bank and in hand54/58 | €61,947 | €57,599 | €164,503 | €168,662 | €177,227 | ▲ 5.1% |
| Deferred charges and accrued income490/1 | - | €686 | €2,747 | €2,786 | €1,808 | ▼ 35.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €352,328 | €319,988 | €325,132 | €338,786 | €378,316 | ▲ 11.7% |
| Equity10/15 | €238,191 | €231,438 | €240,298 | €251,021 | €297,152 | ▲ 18.4% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Outside capital11 | - | €18,592 | €18,592 | €18,592 | - | - |
| Other1109/19 | - | €18,592 | €18,592 | €18,592 | - | - |
| Reserves13 | €49,220 | €49,220 | €49,220 | €49,220 | €49,220 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | €17,361 | €17,361 | €17,361 | €17,361 | = |
| Distributable reserves133 | - | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | €170,379 | €163,625 | €172,486 | €183,209 | €229,340 | ▲ 25.2% |
| Provisions and deferred taxes16 | €5,829 | €0 | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €0 | - | - | - | - |
| Environmental obligations163 | - | €0 | - | - | - | - |
| Amounts payable17/49 | €108,307 | €88,551 | €84,834 | €87,766 | €81,163 | ▼ 7.5% |
| Amounts payable after more than one year17 | - | €14,873 | €7,733 | €3,816 | €3,816 | = |
| Financial debts170/4 | - | €14,873 | €7,733 | €3,816 | €3,816 | = |
| Amounts payable within one year42/48 | €107,117 | €73,678 | €77,101 | €83,950 | €77,347 | ▼ 7.9% |
| Current portion of amounts payable after more than one year42 | - | €11,424 | €12,357 | €5,997 | €364 | ▼ 93.9% |
| Financial debts43 | - | €22 | - | - | €1,715 | - |
| Credit institutions430/8 | - | €22 | - | - | €1,715 | - |
| Trade debts44 | €43,829 | €12,072 | €19,915 | €20,047 | €9,212 | ▼ 54.0% |
| Suppliers440/4 | - | €12,072 | €19,915 | €20,047 | €9,212 | ▼ 54.0% |
| Taxes, remuneration and social security45 | - | €14,523 | €12,480 | €22,128 | €66,056 | ▲ 199% |
| Taxes450/3 | - | €10,085 | €7,079 | €11,025 | €35,281 | ▲ 220% |
| Remuneration and social security454/9 | - | €4,439 | €5,402 | €11,103 | €30,775 | ▲ 177% |
| Other amounts payable47/48 | - | €35,637 | €32,349 | €35,778 | - | - |
| Accrued charges and deferred income492/3 | - | - | €0 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,137 | -€6,754 | €8,861 | €10,723 | €46,132 | ▲ 330% |
| + Depreciation and write-downs630 | €7,231 | €11,639 | €8,231 | €11,435 | €12,856 | ▲ 12.4% |
| Operating cash flow (approximation) | €15,368 | €4,886 | €17,092 | €22,158 | €58,988 | ▲ 166% |
| Investment in fixed assets (approximation) | - | -€28,398 | -€10,796 | -€2,451 | -€34,094 | ▼ 1,291% |
| Change in cash | - | -€4,349 | €106,904 | €4,159 | €8,565 | ▲ 106% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €46,132 ▲330%
Operating result €71,118, net result €46,132, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €8,861
Net result €8,861 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€6,754
Net result drops to -€6,754, the lowest in the series; recovery starts the following year.
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
2020
28-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 150 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 153 days late
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 240 days late
2016
30-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 152 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Lasne · 1 establishment unit since 1998
Ground area
4,845 m²
Building footprint
470 m²
Volume, LiDAR
1,225 m³
2 parcels, Wallonia · tallest building 13.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Route de Beaumont 54, 1380 Lasne
since 19982.046.219.849
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25051F0465/00V000 | Wallonia | 2,802 m² | 1 · 202 m² | 13.9 m · 2 fl. |
| 25051F0466/00B003 | Wallonia | 2,043 m² | 1 · 267 m² | - |
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 21,227 companies in sector 81300 we hold annual accounts for 4,369. 3,120 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 (pre-2019)
Founded29-11-1989
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
42110Construction of roads and motorways
E-invoicing
Reachable via Peppol
Peppol ID
0208:0439289046
Also
9925:BE0439289046
Registered
03-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.