PROGEKO
ActiveSummary
PROGEKO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.1m and a net result of €59,685. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 9336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+52
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600,000 at 30 days acceptable
Liquidity ample (current ratio 15.46 against 8.26 in 2024; short-term debt: 0.2% and cash: 3% of total assets), and 0.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
99.8%
Return on assets
0.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 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
29 d late
2024
on the day
2023
61 d late
2022
6 d early
2021
26 d late
2020
23 d early
2019
54 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 company by equity in Schaarbeek, Real estate sector#8 company by total assets in Schaarbeek, Real estate sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€59,685
2024 · -€35,385
Working capital
€261,990▲ 17.2%
2024 · €223,560
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€44,517▲ 472%€50,148▲ 12.6%€91,952▲ 83.4%-€34,069€64,770
Net result€34,389above the sector's middle half▲ 518%€39,295within the sector's middle half▲ 14.3%€71,041above the sector's middle half▲ 80.8%-€35,385below the sector's middle half€59,685within the sector's middle half
Equity€8.0mabove the sector's middle half▲ 9,083%€8.0mabove the sector's middle half▲ 0.5%€8.1mabove the sector's middle half▲ 0.9%€8.0mabove the sector's middle half▼ 0.4%€8.1mabove the sector's middle half▲ 0.7%
Total assets€8.0mabove the sector's middle half▲ 7,542%€8.1mwithin the sector's middle half▲ 1.4%€8.1mabove the sector's middle half▲ 0.7%€8.1mabove the sector's middle half▼ 0.7%€8.1mabove the sector's middle half▲ 0.4%
Debt€13,911▼ 21.3%€85,306▲ 513%€67,351▼ 21.0%€45,529▼ 32.4%€20,240▼ 55.5%
Working capital€160,772above the sector's middle half▲ 83.6%€184,979within the sector's middle half▲ 15.1%€257,549above the sector's middle half▲ 39.2%€223,560above the sector's middle half▼ 13.2%€261,990within the sector's middle half▲ 17.2%
Solvency99.8%above the sector's middle half▲ 16.7pp98.9%above the sector's middle half▼ 0.9pp99.2%above the sector's middle half▲ 0.2pp99.4%above the sector's middle half▲ 0.3pp99.8%above the sector's middle half▲ 0.3pp
Current ratio12.56above the sector's middle half▲ 6.305.05above the sector's middle half▼ 7.517.42above the sector's middle half▲ 2.378.26above the sector's middle half▲ 0.8415.46above the sector's middle half▲ 7.20
Return on assets (ROA)0.4%within the sector's middle half▼ 4.9pp0.5%within the sector's middle half▲ 0.1pp0.9%within the sector's middle half▲ 0.4pp-0.4%within the sector's middle half▼ 1.3pp0.7%within the sector's middle half▲ 1.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €64,770 after a loss of €34,069 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.1m
Fixed assets
€7.8m ▲ 0.1%
Current assets
€280,113 ▲ 10.1%
Equity and liabilities €8.1m
Equity
€8.1m ▲ 0.7%
Debt
€20,240 ▼ 55.5%
Debt's share of the balance-sheet total falls from 0.6% to 0.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€78,867▲
2024 · -€20,184
Cash flow
€73,782▲
2024 · -€21,500
Debt to equity
0.00▼
2024 · 0.01
ROE
0.7%▲
2024 · -0.4%
Interest coverage
109.60▲
2024 · -17.36
Debt ≤ 1 year
€18,123▼
2024 · €30,790
Debt > 1 year
€2,117▼
2024 · €14,739
Income taxes
€7,095▲
2024 · €154
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €13,005 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €787 | €11,992 | €13,885 | €13,885 | €14,097 | ▲ 1.5% |
| Other operating charges640/8 | €345 | €449 | €889 | €514 | €668 | ▲ 30.0% |
| Gross operating margin9900 | €45,649 | €62,588 | €106,726 | -€19,670 | €79,535 | ▲ 504% |
| Operating profit (loss)9901 | €44,517 | €50,148 | €91,952 | -€34,069 | €64,770 | ▲ 290% |
| Financial income75/76B | €0 | - | - | - | €2,729 | - |
| Recurring financial income75 | €0 | - | - | - | €2,729 | - |
| Financial charges65/66B | €231 | €787 | €701 | €1,163 | €720 | ▼ 38.1% |
| Recurring financial charges65 | €231 | €787 | €701 | €1,163 | €720 | ▼ 38.1% |
| Profit (loss) for the period before taxes9903 | €44,286 | €49,360 | €91,251 | -€35,232 | €66,780 | ▲ 290% |
| Income taxes67/77 | €9,897 | €10,065 | €20,210 | €154 | €7,095 | ▲ 4,522% |
| Profit (loss) for the period9904 | €34,389 | €39,295 | €71,041 | -€35,385 | €59,685 | ▲ 269% |
| Profit (loss) for the period to be appropriated9905 | €34,389 | €39,295 | €71,041 | -€35,385 | €59,685 | ▲ 269% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.0m | €8.1m | €8.1m | €8.1m | €8.1m | ▲ 0.4% |
| Fixed assets21/28 | €7.8m | €7.9m | €7.8m | €7.8m | €7.8m | ▲ 0.1% |
| Tangible fixed assets22/27 | €3,246 | €57,918 | €44,033 | €30,148 | €38,781 | ▲ 28.6% |
| Furniture and vehicles24 | €3,246 | €57,918 | €44,033 | €30,148 | €38,781 | ▲ 28.6% |
| Financial fixed assets28 | €7.8m | €7.8m | €7.8m | €7.8m | €7.8m | = |
| Current assets29/58 | €174,683 | €230,701 | €297,672 | €254,351 | €280,113 | ▲ 10.1% |
| Amounts receivable within one year40/41 | €26,130 | €73,238 | €97,042 | €71,122 | €35,380 | ▼ 50.3% |
| Trade receivables40 | €23,598 | €73,238 | €97,042 | €71,122 | €32,471 | ▼ 54.3% |
| Other amounts receivable41 | €2,533 | - | - | - | €2,909 | - |
| Current investments50/53 | - | - | - | €150,000 | - | - |
| Cash at bank and in hand54/58 | €147,240 | €157,349 | €200,332 | €32,544 | €240,585 | ▲ 639% |
| Deferred charges and accrued income490/1 | €1,312 | €114 | €298 | €684 | €4,148 | ▲ 507% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.0m | €8.1m | €8.1m | €8.1m | €8.1m | ▲ 0.4% |
| Equity10/15 | €8.0m | €8.0m | €8.1m | €8.0m | €8.1m | ▲ 0.7% |
| Contributions10/11 | €7.9m | €7.9m | €7.9m | €7.9m | €7.9m | = |
| Capital10 | €7.9m | €7.9m | €7.9m | €7.9m | €7.9m | = |
| Issued capital100 | €7.9m | €7.9m | €7.9m | €7.9m | €7.9m | = |
| Uncalled capital101 | - | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €106,858 | €146,153 | €217,194 | €181,809 | €241,494 | ▲ 32.8% |
| Amounts payable17/49 | €13,911 | €85,306 | €67,351 | €45,529 | €20,240 | ▼ 55.5% |
| Amounts payable after more than one year17 | - | €39,584 | €27,228 | €14,739 | €2,117 | ▼ 85.6% |
| Financial debts170/4 | - | €39,584 | €27,228 | €14,739 | €2,117 | ▼ 85.6% |
| Amounts payable within one year42/48 | €13,911 | €45,722 | €40,123 | €30,790 | €18,123 | ▼ 41.1% |
| Current portion of amounts payable after more than one year42 | - | €12,226 | €12,356 | €12,489 | €12,622 | ▲ 1.1% |
| Trade debts44 | €1,839 | €6,308 | €1,703 | €3,352 | €25 | ▼ 99.2% |
| Suppliers440/4 | €1,839 | €6,308 | €1,703 | €3,352 | €25 | ▼ 99.2% |
| Taxes, remuneration and social security45 | €11,831 | €22,467 | €22,097 | €14,804 | €4,716 | ▼ 68.1% |
| Taxes450/3 | €11,831 | €22,467 | €22,097 | €14,804 | €4,716 | ▼ 68.1% |
| Other amounts payable47/48 | €241 | €4,720 | €3,967 | €146 | €759 | ▲ 419% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,389 | €39,295 | €71,041 | -€35,385 | €59,685 | ▲ 269% |
| + Depreciation and write-downs630 | €787 | €11,992 | €13,885 | €13,885 | €14,097 | ▲ 1.5% |
| Operating cash flow (approximation) | €35,176 | €51,287 | €84,926 | -€21,500 | €73,782 | ▲ 443% |
| Investment in fixed assets (approximation) | - | -€66,663 | €0 | €0 | -€22,730 | - |
| Change in cash | - | €10,109 | €42,983 | -€167,788 | €208,041 | ▲ 224% |
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
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2025
31-12
Financial
Back to profitnet €59,685
Net result €59,685 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€35,385
Net result drops to -€35,385, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Highest result since 2018net €71,041 ▲80.8%
Operating result €91,952, net result €71,041, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 12.56
Current ratio from 6.25 to 12.56; short-term debt falls from €16,668 to €13,911.
31-12
Financial
Equity above €5mEq €8.0m ▲9,083%
4 profitable years in a row build equity to €8.0m.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
Show earlier events
2019
31-12
Financial
Liquidity doublescurrent ratio 9.50
Current ratio from 4.59 to 9.50; short-term debt falls from €18,991 to €9,171.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 42 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Schaarbeek · 1 establishment unit since 2015
Ground area
206 m²
Building footprint
100 m²
Volume, LiDAR
804 m³
Parcel 21905C0058/00S002, Brussels · tallest building 16.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Progeko
since 20152.246.539.695
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21905C0058/00S002 | Brussels | 206 m² | 1 · 100 m² | 16.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
98%
According to the 2025 annual accounts of PROGEKO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
8755006ZHBY0LVO5CO60
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 1,367 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-09-2015
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0636797179
Also
9925:BE0636797179
Registered
09-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.