PROGENUS
ActiveSummary
PROGENUS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €952,540 and a net result of €199,931. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 59% of 246 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability85▼-11
Solvency86▲+8
Growth79=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity ample (current ratio 2.99 against 2.37 in 2023; short-term debt: 28% and cash: 15.4% of total assets), and 39.2% of the assets are financed with debt.
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Signals
Six 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 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
60.8%
Return on assets
12.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
23 d early
2022
30 d late
2021
19 d early
2020
26 d late
2019
17 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 on the deadline day; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€1.5m▲ 1.6%
2019 · €1.5m
EBIT margin
0.6%▼ 0.1pp
2019 · 0.7%
Net result
€199,931▼ 34.5%
2023 · €305,206
Working capital
€871,068▲ 32.5%
2023 · €657,515
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€1.5m▲ 1.6%
Operating result€9,305▼ 13.2%€40,519▲ 335%€29,939▼ 26.1%€377,186▲ 1,160%€255,808▼ 32.2%
Net result€5,728▼ 1.1%€44,891▲ 684%€20,691▼ 53.9%€305,206▲ 1,375%€199,931▼ 34.5%
EBIT margin0.6%▼ 0.1pp
Equity€396,215▲ 4.7%€433,239▲ 9.3%€450,939▲ 4.1%€753,153▲ 67.0%€952,540▲ 26.5%
Total assets€1.1m▼ 5.9%€1.1m▲ 5.1%€1.1m▲ 2.8%€1.4m▲ 23.9%€1.6m▲ 11.1%
Debt€628,999▼ 15.3%€645,405▲ 2.6%€688,199▲ 6.6%€657,840▼ 4.4%€614,953▼ 6.5%
Working capital€294,035▼ 46.8%€376,559▲ 28.1%€327,805▼ 12.9%€657,515▲ 101%€871,068▲ 32.5%
Staff (FTE)11.2▲ 17.9%12.6▲ 12.5%13.6▲ 7.9%15.2▲ 11.8%14.6▼ 3.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 32% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.6m
Fixed assets
€257,636 ▼ 6.1%
Current assets
€1.3m ▲ 15.3%
Equity and liabilities €1.6m
Equity
€952,540 ▲ 26.5%
Debt
€614,953 ▼ 6.5%
Debt's share of the balance-sheet total falls from 46.6% to 39.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€345,654▼
2023 · €484,207
Cash flow
€289,778▼
2023 · €412,226
Current ratio
2.99▲
2023 · 2.37
Quick ratio
2.76▲
2023 · 2.14
Debt to equity
0.65▼
2023 · 0.87
ROE
21.0%▼
2023 · 40.5%
ROA
12.8%▼
2023 · 21.6%
Interest coverage
55.68▼
2023 · 80.56
Debt ≤ 1 year
€438,789▼
2023 · €478,998
Debt > 1 year
€128,490▼
2023 · €138,942
Income taxes
€51,390▼
2023 · €83,447
Staff costs
€1.0m▲
2023 · €926,265
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 20,082 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €1.5m | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €47,922 | €8,047 | ▼ 83.2% |
| Remuneration, social security and pensions62 | - | €761,381 | €936,882 | €926,265 | €1.0m | ▲ 9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €106,969 | €122,773 | €119,882 | €107,020 | €89,847 | ▼ 16.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€680 | €3,248 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€30,000 | - | - | - |
| Other operating charges640/8 | - | €20,880 | €1,134 | €4,521 | €7,820 | ▲ 73.0% |
| Non-recurring operating charges66A | - | €3,288 | €8,276 | €62,964 | €15,020 | ▼ 76.1% |
| Gross operating margin9900 | €870,088 | €948,161 | €1.1m | €1.5m | €1.4m | ▼ 6.8% |
| Operating profit (loss)9901 | €9,305 | €40,519 | €29,939 | €377,186 | €255,808 | ▼ 32.2% |
| Financial income75/76B | - | €13,998 | €3,724 | €17,477 | €1,721 | ▼ 90.2% |
| Recurring financial income75 | €1,199 | €3,399 | €3,724 | €17,477 | €1,721 | ▼ 90.2% |
| Non-recurring financial income76B | - | €10,599 | - | - | - | - |
| Financial charges65/66B | - | €5,626 | €6,347 | €6,010 | €6,207 | ▲ 3.3% |
| Recurring financial charges65 | €5,535 | €5,626 | €6,347 | €6,010 | €6,207 | ▲ 3.3% |
| Profit (loss) for the period before taxes9903 | €4,969 | €48,891 | €27,316 | €388,653 | €251,321 | ▼ 35.3% |
| Income taxes67/77 | -€759 | €4,000 | €6,626 | €83,447 | €51,390 | ▼ 38.4% |
| Profit (loss) for the period9904 | €5,728 | €44,891 | €20,691 | €305,206 | €199,931 | ▼ 34.5% |
| Profit (loss) for the period to be appropriated9905 | €5,728 | €44,891 | €20,691 | €305,206 | €199,931 | ▼ 34.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €1.1m | €1.4m | €1.6m | ▲ 11.1% |
| Fixed assets21/28 | €399,230 | €312,184 | €261,057 | €274,480 | €257,636 | ▼ 6.1% |
| Intangible fixed assets21 | €7,264 | €4,425 | €17,947 | €20,267 | €7,638 | ▼ 62.3% |
| Tangible fixed assets22/27 | €389,867 | €305,660 | €241,012 | €252,114 | €247,699 | ▼ 1.8% |
| Land and buildings22 | - | €83,336 | €79,033 | €74,730 | €70,427 | ▼ 5.8% |
| Plant, machinery and equipment23 | - | €144,589 | €114,803 | €95,837 | €81,261 | ▼ 15.2% |
| Furniture and vehicles24 | - | €42,682 | €18,483 | €53,316 | €70,514 | ▲ 32.3% |
| Other tangible fixed assets26 | - | €35,052 | €28,693 | €28,232 | €18,821 | ▼ 33.3% |
| Assets under construction and advance payments27 | - | - | - | - | €6,676 | - |
| Financial fixed assets28 | €2,099 | €2,099 | €2,099 | €2,099 | €2,299 | ▲ 9.5% |
| Current assets29/58 | €655,983 | €796,460 | €878,080 | €1.1m | €1.3m | ▲ 15.3% |
| Amounts receivable after more than one year29 | - | €60,006 | €53,247 | €46,410 | €39,494 | ▼ 14.9% |
| Other amounts receivable291 | - | €60,006 | €53,247 | €46,410 | €39,494 | ▼ 14.9% |
| Stocks and contracts in progress3 | €101,221 | €101,900 | €86,029 | €111,809 | €98,199 | ▼ 12.2% |
| Stocks30/36 | - | €101,900 | €86,029 | €111,809 | €98,199 | ▼ 12.2% |
| Amounts receivable within one year40/41 | €216,655 | €275,310 | €354,058 | €394,918 | €673,659 | ▲ 70.6% |
| Trade receivables40 | - | €186,315 | €305,913 | €354,207 | €538,916 | ▲ 52.1% |
| Other amounts receivable41 | - | €88,995 | €48,145 | €40,711 | €134,743 | ▲ 231% |
| Current investments50/53 | - | - | - | - | €100,000 | - |
| Cash at bank and in hand54/58 | €253,035 | €285,539 | €244,228 | €508,033 | €242,050 | ▼ 52.4% |
| Deferred charges and accrued income490/1 | - | €73,705 | €140,518 | €75,342 | €156,454 | ▲ 108% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.1m | €1.4m | €1.6m | ▲ 11.1% |
| Equity10/15 | €396,215 | €433,239 | €450,939 | €753,153 | €952,540 | ▲ 26.5% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €10,000 | €80,000 | €100,691 | €100,691 | €100,691 | = |
| Non-distributable reserves130/1 | - | €80,000 | €80,000 | €63,247 | €56,410 | ▼ 10.8% |
| Legal reserve130 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Financial assistance1313 | - | €70,000 | €70,000 | €53,247 | €46,410 | ▼ 12.8% |
| Distributable reserves133 | - | - | €20,691 | €37,443 | €44,280 | ▲ 18.3% |
| Profit (loss) carried forward14 | €264,159 | €239,050 | €239,050 | €544,256 | €744,187 | ▲ 36.7% |
| Investment grants15 | - | €14,189 | €11,198 | €8,206 | €7,662 | ▼ 6.6% |
| Provisions and deferred taxes16 | €30,000 | €30,000 | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €30,000 | - | - | - | - |
| Other liabilities and charges164/5 | - | €30,000 | - | - | - | - |
| Amounts payable17/49 | €628,999 | €645,405 | €688,199 | €657,840 | €614,953 | ▼ 6.5% |
| Amounts payable after more than one year17 | €243,897 | €204,504 | €133,907 | €138,942 | €128,490 | ▼ 7.5% |
| Financial debts170/4 | - | €204,504 | €133,907 | €138,942 | €128,490 | ▼ 7.5% |
| Amounts payable within one year42/48 | €361,948 | €419,901 | €550,276 | €478,998 | €438,789 | ▼ 8.4% |
| Current portion of amounts payable after more than one year42 | - | €76,141 | €70,597 | €62,072 | €48,142 | ▼ 22.4% |
| Trade debts44 | €172,760 | €191,702 | €174,755 | €117,444 | €139,616 | ▲ 18.9% |
| Suppliers440/4 | - | €191,702 | €174,755 | €117,444 | €139,616 | ▲ 18.9% |
| Taxes, remuneration and social security45 | - | €110,924 | €170,555 | €238,626 | €250,793 | ▲ 5.1% |
| Taxes450/3 | - | €7,400 | €33,966 | €81,746 | €75,369 | ▼ 7.8% |
| Remuneration and social security454/9 | - | €103,524 | €136,589 | €156,880 | €175,424 | ▲ 11.8% |
| Other amounts payable47/48 | - | €41,134 | €134,369 | €60,856 | €238 | ▼ 99.6% |
| Accrued charges and deferred income492/3 | - | €21,000 | €4,017 | €39,900 | €47,673 | ▲ 19.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,728 | €44,891 | €20,691 | €305,206 | €199,931 | ▼ 34.5% |
| + Depreciation and write-downs630 | €106,969 | €122,773 | €119,882 | €107,020 | €89,847 | ▼ 16.0% |
| Operating cash flow (approximation) | €112,697 | €167,664 | €140,572 | €412,226 | €289,778 | ▼ 29.7% |
| Investment in fixed assets (approximation) | - | -€35,727 | -€68,755 | -€120,443 | -€73,003 | ▲ 39.4% |
| Change in cash | - | €32,505 | -€41,311 | €263,805 | -€265,983 | ▼ 201% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €305,206 ▲1,375%
Operating result €377,186, net result €305,206, both a record.
31-12
Financial
Equity above €500,000Eq €753,153 ▲67%
6 profitable years in a row build equity to €753,153.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 17 days late
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Gembloux · 1 establishment unit since 2002
Ground area
3.4 ha
Building footprint
5,648 m²
Volume, LiDAR
56,755 m³
2 parcels, Wallonia · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PROGENUS
since 20022.094.587.910
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92065B0063/00F003 | Wallonia | 3.3 ha | 1 · 5,389 m² | 13.3 m · 3 fl. |
| 92065B0056/00Y002 | Wallonia | 363 m² | 1 · 260 m² | 10.9 m · 3 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.
Public money · subsidies and aid
European Union, budget
2023 · 1 entry · 357,415 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2023 | 1 | 357,415 EUR |
Projects
DETECTIVE - DETECTION OF NGT PRODUCTS TO PROMOTE INNOVATION IN EUROPE
European research
2 projects · 821,115 EUR EU contributionProgrammes
Projects
Rewiring the Streptomyces cell factory for cost-effective production of biomolecules
Detection of NGT products to promote innovation in Europe
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Of 1,177 companies in sector 72109 we hold annual accounts for 714. 451 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
Founded19-12-2001
Fiscal year end31-12
Activities, NACEBEL 2025
71209Other technical testing and analysis
72109Other research and development on natural sciences
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476355815
Also
9925:BE0476355815
Registered
02-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.