PROGERCO
ActivePROGERCO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-39k) and a net result of €-215k. Equity is shrinking by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 14% of 9183 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
36
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-32
Solvency22▼-8
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.23 against 0.85 in 2024; short-term debt: 72% and cash: 0.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Nine 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
Sector 68
lower
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-3.3%
Return on assets
-18%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-39k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 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
47 d late
2024
26 d late
2023
13 d early
2022
60 d late
2021
27 d late
2020
78 d early
2019
87 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-215k
2024 · €21k
2018: €-44k
2019: €-12k
2020: €-21k
2021: €-31k
2022: €-48k
2023: €-23k
2024: €21k
2018 → 2025
Working capital
€-664k▼ 52.0%
2024 · €-437k
2018: €255k
2019: €195k
2020: €-37k
2021: €218k
2022: €-173k
2023: €-444k
2024: €-437k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€226k-€178k▼ 21.1%€155k▼ 13.0%€176k▲ 13.3%€-39k
Operating result€-7k-€-11k▼ 58.0%€13k€113k▲ 741%€-141k
Net result€-31k-€-48k▼ 54.1%€-23k▲ 51.7%€21k€-215k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €141k after €113k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.20M
Fixed assets
€999k▼ 3.5%
Current assets
€197k▼ 92.1%
Key figures and ratios
EBITDA
€-105k▼
2024 · €149k
Cash flow
€-179k▼
2024 · €57k
Solvency
-3.3%▼
2024 · 5.0%
Current ratio
0.23▼
2024 · 0.85
Quick ratio
0.06▼
2024 · 0.37
Debt / equity
-31.52▼
2024 · 19.01
ROA
-18.0%▼
2024 · 0.6%
Interest coverage
-1.42▼
2024 · 1.47
Debt
€1.23M▼
2024 · €3.34M
Debt ≤ 1 year
€861k▼
2024 · €2.92M
Debt > 1 year
€371k▼
2024 · €420k
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€3.52M€1.20M▼
Fixed assets21/28€1.04M€999k▼
Tangible fixed assets22/27€1.04M€999k▼
Furniture and vehicles24€7k€5k▼
Other tangible fixed assets26€1.03M€994k▼
Current assets29/58€2.48M€197k▼
Stocks and contracts in progress3€1.42M€141k▼
Stocks30/36€1.42M€141k▼
Amounts receivable within one year40/41€1.02M€42k▼
Trade receivables40€1.02M€42k▼
Other amounts receivable41€2k€73▼
Cash at bank and in hand54/58€39k€2k▼
Deferred charges and accrued income490/1€5k€12k▲
Equity and liabilities
Total equity and liabilities10/49€3.52M€1.20M▼
Equity10/15€176k€-39k▼
Contributions10/11€284k€284k=
Capital10€284k€284k=
Issued capital100€284k€284k=
Reserves13€14k€14k=
Non-distributable reserves130/1€14k€14k=
Legal reserve130€14k€14k=
Profit (loss) carried forward14€-122k€-337k▼
Amounts payable17/49€3.34M€1.23M▼
Amounts payable after more than one year17€420k€371k▼
Financial debts170/4€419k€370k▼
Other amounts payable178/9€2k€2k=
Amounts payable within one year42/48€2.92M€861k▼
Current portion of amounts payable after more than one year42€53k€49k▼
Financial debts43€1.74M€64k▼
Credit institutions430/8€1.68M€33▼
Other loans439€61k€64k▲
Trade debts44€265k€42k▼
Suppliers440/4€265k€42k▼
Advances received on contracts in progress46€248k€30k▼
Taxes, remuneration and social security45€52k€12k▼
Taxes450/3€52k€12k▼
Other amounts payable47/48€565k€663k▲
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€36k▲
Other operating charges640/8€40k€38k▼
Gross operating margin9900€189k€-67k▼
Operating profit (loss)9901€113k€-141k▼
Financial income75/76B€9k€812▼
Recurring financial income75€9k€812▼
Financial charges65/66B€101k€74k▼
Recurring financial charges65€101k€74k▼
Profit (loss) for the period before taxes9903€21k€-215k▼
Profit (loss) for the period9904€21k€-215k▼
Profit (loss) for the period to be appropriated9905€21k€-215k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-121k€-337k▼
Profit (loss) brought forward from the previous period14P€-142k€-122k▲
Transfer to equity691/2€1k-
To the legal reserve6920€1k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 47 days late
2025
31-12
Financial
Weakest financial yearnet €-215k ▼1144%
Net result drops to €-215k, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Back to profitnet €21k
Net result €21k after 6 loss-making years.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
14-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
08-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Saint-Georges-sur-Meuse · 1 establishment unit since 2003
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.
Rue du Centre 384470 Saint-Georges-sur-MeuseGround area
2,382 m²
Building footprint
107 m²
Volume, LiDAR
964 m³
Parcel 64065A0907/00R000, Wallonia · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Centre 38, 4470 Saint-Georges-sur-Meuse
since 20032.115.649.677
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64065A0907/00R000 | Wallonia | 2,382 m² | 1 · 107 m² | 10.7 m · 3 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
MEUVACO
BE 0764.665.846
Nieuwerkerken (Limb.) · Eq €176k
VALCMADR
BE 1003.929.610
Beersel · Eq €176k
C Invest
BE 0425.941.351
Heusden-Zolder · Eq €176k
LP-INVEST
BE 0788.561.005
Sint-Gillis-Waas · Eq €176k
BSP-INVEST
BE 0598.690.631
Wuustwezel · Eq €176k
Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,866 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-01-2003
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
70120
Sources
Crossroads Bank for EnterprisesNational Bank · 23 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.