Skip to content

PROGEST

Active Private limited companyfounded 2001active for 25 yearsRue des Hougnes 60, 4800 VerviersKBO/BCE: BE 0474.710.377 #5 company by total assets in Verviers, Construction sector
PROGEST
Follow ReportCompare

Overview

Lifetime

10 annual accounts with figures on one time axis, 11 filings since 2004
peak €167,115 (2025)
€167,115 
lowest -€56,769 (2019)
-€8,137 
peak €152,553 (2008)
-€258,794 
€3.0m 
Board1 name since 2023
- 
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Loss of €8,137No annual accounts filed for 2023 and 2024

Key points

from the 2025 annual accounts

Equity

-€258,794
201920222025

Debts exceed assets in financial year 2025.

Losses

-€131,834 in six years
-15,8252010-3,7522013-7,3012016-56,7692019-40,0502022-8,1372025

Every financial year from 2010 to 2025 closed with a loss. 2019 was the heaviest.

Debts

€3.0m 109% of the balance sheet
After one year 0%Within one year 100%

Of this, €3.0m falls due within a year.

2025 accounts filed 31 days after the deadline

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 1,240 companies had the same profile as PROGEST has now. Each dot stands for 4 companies, two years later.

92.7%
were still trading
4.0%
stopped another way
1.9%
went bankrupt
  • Small
  • 20 years or older
  • negative equity
  • a small loss

Another 1.4% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 1,240 companies, not a prediction for PROGEST. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

last known board
Director, until 2024
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0474710377
Change of role: , from manager to director General meeting of 28-12-2023 · Gazette deed
First establishment Rue des Hougnes 60, Verviers
Incorporation published on 10-05-2001 · Gazette deed
All 20 events

Comparable companies

same main activity, similar in size and age
Company
PROGEST Verviers €2.8m €167,115 -9.3% -
JLP IMMO Beloeil €2.5m €190,401 12.4% -
Elsen-Houben Lummen €3.2m €147,162 25.3% 0
HARMATAN Zedelgem €2.8m €195,503 11.8% -
VDW PROJECTS Hasselt €3.3m €176,720 60.0% 1
CASA NOSTRA FIDA Oostkamp €2.3m €177,344 8.2% -
EVRARD CLAUDE & BEATRICE Schaerbeek €2.4m €135,670 -5.8% -

These companies have the same main activity as PROGEST: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €2.3m and €3.3m, founded between 1997 and 2004.

Official details

Source: KBO
Status
Active since 27-04-2001Normal situation
Activity
General construction of residential buildingsNACE 41001
Establishment unit
2.098.460.5844800 Verviers, since 12-10-2001
Financial year end
31 December
Peppol
Reachable since 19-01-2026
Company details

Annual accounts 2025

€219,027
€8,137
-€258,794
€2.8m
Filing
Filed on 31-08-2026
Financials

Insights on PROGEST

PROGEST files the micro format. That format states no turnover. The gross margin rose from -€11,149 in 2005 to €167,115 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 31-08-2026, 31 days late
€219,027
-€8,266
€139,737
€139,866
-9.3%
0.09
In the rankings #5 company by total assets in Verviers, Construction sector

Money flows

of every €100 of turnover, €3.72 was lost in 2025

Balance sheet

balance sheet total €2.8m on 31-12-2025
What the company ownsHow it is paid for

Position in the sector

Compare with sector

-9.3%

Higher than 10% of 10,152 companies in 2025.

0.09

Lower than 95% of 9,863 companies in 2025.

-0.3%

Higher than 25% of 9,951 companies in 2025.

PROGEST Middle half of the sector 80% of the sector Micro accounts in construction of buildings (NACE 41)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202220192016201320102008200720062005
Balance sheet: assets
20/58 2.8m2.6m1.9m1.7m113,704127,117160,307413,534365,879147,315
21/28 2.5m2.3m1.7m1.5m-94711,76417,39223,483-
22/27 2.5m2.3m1.7m1.5m-94711,76417,39223,483-
22 2.5m2.3m1.7m1.5m------
23 -----6175,0007,50010,000-
24 -----3306,7649,89213,483-
28 353353--------
29/58 274,202271,671220,002189,347113,704126,170148,543396,142342,396147,315
3 236,054236,054178,702178,702107,194107,194102,670379,417331,336143,256
30/36 236,054236,054178,702178,702107,194107,194102,670379,417331,336143,256
40/41 2146715,4341,0966194433,6878,83611,0603,174
40 -6714,545-195---480-
41 214-8891,0964244433,6878,83610,5803,174
54/58 37,93434,94635,8669,5495,89118,53342,1867,889-885
Balance sheet: equity and liabilities
10/49 2.8m2.6m1.9m1.7m113,704127,117160,307413,534365,879147,315
10/15 -258,794-164,998-97,38494,70997,617120,023152,55378,88949,28135,830
10/11 100,150100,150100,150100,150100,1506,2006,2006,2006,2006,200
100 --112,550112,550112,55018,60018,60018,60018,60018,600
101 --12,40012,40012,40012,40012,40012,40012,40012,400
13 1,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
130/1 1,8601,860--------
130 --1,8601,8601,8601,8601,8601,8601,8601,860
1311 1,8601,860--------
14 -360,804-267,008-199,394-7,301-4,393111,963144,49370,82941,22127,770
17/49 3.0m2.7m2.0m1.6m16,0877,0947,754334,645316,598111,485
42/48 3.0m2.7m2.0m1.6m12,8705,8157,148326,607314,126111,485
43 -------250,000200,907-
430/8 -------250,000200,907-
44 1113,218-8,842-6432,32318,51855,1301,976
440/4 1113,218-8,842-6432,32318,51855,1301,976
45 -97----860860-3,002
450/3 -97----860860-3,002
47/48 3.0m2.7m2.0m1.6m12,8705,1723,96557,22958,089106,507
492/3 4,7024,7024,7034,7033,2171,2796068,0382,472-
Income statement
70 219,027162,119120,78497,137--251,342282,830418,23236,390
9900 167,11599,44255,26674,813-3,239-8,739129,79671,97936,736-11,149
60/61 51,91262,67765,51822,3243,2398,739121,546210,851381,49647,539
630 148,003122,34384,80470,2692376,5216,3246,0926,092441
640/8 27,37817,19127,25811,7141608171,0661,3281,625162
66A --------3-
9901 -8,266-40,092-56,796-7,170-3,636-16,077122,40664,55929,019-11,752
75/76B 1324216912744732,918472621514
75 1324216912744732,918472621514
65/66B 3-14214319022114,82020,36814,093145
65 3-14214319022114,82020,36814,093145
9903 -8,137-40,050-56,769-7,301-3,752-15,825110,50444,66315,544-11,383
67/77 ------36,84015,0552,093-
9904 -8,137-40,050-56,769-7,301-3,752-15,82573,66429,60813,451-11,383
9905 -8,137-40,050-56,769-7,301-3,752-15,82573,66429,60813,451-11,383
Appropriation of the result
9906 -360,804-267,008-199,394-7,30199,996111,963144,49370,82941,22127,770
14P -352,667-226,958--------
694/7 ----104,389-----
694 ----104,389-----
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for financial year 2004 were filed as a document without figures as data, a scan for example.

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00501615.

Financial year Type Filed Reference Document
31-12-2025 micro format 31-08-2026 2026-00501615 PDF
31-12-2022 micro format 31-08-2023 2023-00437578 PDF
31-12-2019 micro format 10-11-2020 2020-70400476 PDF
31-12-2016 micro format 31-08-2017 2017-59900138 PDF
31-12-2013 full format 31-08-2014 2014-56800033 PDF
31-12-2010 full format 31-08-2011 2011-53900035 PDF
31-12-2008 full format 31-08-2009 2009-74500286 PDF
31-12-2007 full format 11-10-2009 2009-80800128 PDF
31-12-2006 full format 11-10-2009 2009-80800097 PDF
31-12-2005 full format 11-10-2009 2009-80800103 PDF
31-12-2004 full format 30-09-2005 2005-81100873 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202220192016201320102008200720062005
139,73782,25128,00863,099-3,399-9,556128,73070,65135,111-11,311
139,86682,29328,03562,968-3,515-9,30479,98835,70019,543-10,942
-554,075-1.6m-925696129,575-
------34,297---
-2.8m-2.5m-1.8m-1.4m100,834120,355141,39569,53528,27035,830
-3.8%-24.7%-47.0%-7.4%--48.7%22.8%6.9%-32.3%
-9.3%-6.4%-5.2%5.5%85.9%94.4%95.2%19.1%13.5%24.3%
0.090.100.110.128.8321.7020.781.211.091.32
0.010.010.020.010.513.266.420.050.040.04
---17.150.160.060.054.246.423.11
----7.7%-3.8%-13.2%48.3%37.5%27.3%-31.8%
-0.3%-1.6%-3.0%-0.4%-3.3%-12.4%46.0%7.2%3.7%-7.7%
over 100---------
0 days2 days14 days4 days--5 days11 days0 days32 days
1 day19 days-145 days-27 days7 days32 days53 days15 days

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252022
Tangible fixed assets-€553,722
Financial fixed assets-€353
€148,003€122,343

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on PROGEST

The operating result for 2025 is a loss of €8,266, against a loss of €40,092 in 2022. Comparable figures for the intervening years are unavailable.

Equity is negative. Debt (€3.0m) exceeds the balance-sheet total (€2.8m).

Board & ownership

Mandates through the years

1 name, the dashed line is today

Director (not named in the articles)
Earlier
Mandates as a list
    • Director (not named in the articles), appointed by deed of 12-01-2024, until 12-01-2024

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€100,150
Source
2025 annual accounts

Articles of association

deed of 12-01-2024 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Share issue ruleThe articles set how and by whom new shares are issued.
“Courrier électronique ou courrier ordinaire le même jour, au moins quinze jours à dater de l’ouverture de la souscription”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Saturday of June at 11:00
Dissolution ruleThe articles set when and by whom the company can be dissolved.
“Dissolution, Outre les causes de dissolution légales, la société ne peut être dissoute que par décision de l'assemblée générale, statuant…”

Capital transactions

Capital over time
  1. 12-01-2024 Converted to unavailable equity
  2. 12-01-2024 Converted to uncalled contributions

Office holders in the KBO →

Network & group

No group

PROGEST has no parent and no holdings in its annual accounts.

Connections & network

See the function holders in the KBO register.

Timeline

Timeline

20 events since 2001

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 31 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0474710377
2024
Change of role: , from manager to directorGeneral meeting of 28-12-20235 points ▸
  • General meeting, 28-12-2023
  • 750 shares
  • Director resignation, (manager)
  • Director appointment, (director (not named in the articles))
  • Registered office clause, rue des Hougnes 60, 4800 Verviers
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2022 filed PDFmicro format · 31 days late
2020
Annual accounts 2019 filed PDFmicro format · 102 days late
2019
Weakest financial year net -€56,769 The net result drops to -€56,769, the lowest from 2005 to 2025. It recovers the following year.
2017
Annual accounts 2016 filed PDFmicro format · 31 days late
2014
Annual accounts 2013 filed PDFfull format · 31 days late
2011
Annual accounts 2010 filed PDFfull format · 31 days late
2009
Annual accounts 2005 filed PDFfull format · 1168 days late
Annual accounts 2006 filed PDFfull format · 803 days late
Annual accounts 2007 filed PDFfull format · 437 days late
Annual accounts 2008 filed PDFfull format · 31 days late
2008
Highest result from 2005 to 2025 net €73,664 ▲149% The operating result of €122,406 and the net result of €73,664 are both a record.
Liquidity more than 17 times current ratio 20.78 The current ratio rises from 1.21 to 20.78. Short-term debt falls from €326,607 to €7,148.
Equity above €150,000 equity €152,553 ▲93.4% After 3 profitable years in a row, equity reaches €152,553.
2006
Back to profit net €13,451 The net result is €13,451, after one loss-making year.
2005
Annual accounts 2004 filed PDFfull format
2001
First establishment Rue des Hougnes 60, Verviers
Incorporation published on 10-05-2001

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 27 April 2001, PROGEST was incorporated.1 Turnover went from €120,784 in 2019 to €219,027 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0474.710.377
VAT number
BE 0474.710.377
Peppol ID
0208:0474710377
Other Peppol ID
9925:BE0474710377
Legal form
Private limited company
Status
Active, normal situation
Founded
27-04-2001
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Saturday of June at 11:00
deed of 12-01-2024 (in French)
Voting ruleThe articles set which majority the meeting decides by, for example a simple or a special majority.
“Tout actionnaire peut donner à toute autre personne, actionnaire ou non, par tout moyen de transmission, une procuration écrite pour le…”
deed of 12-01-2024 (in French)
Peppol
Reachable since 19-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
PROGEST in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 12-01-2024 (in French)

Activities

NACEBEL 2025
41001 General construction of residential buildings main activity
Codes under NACEBEL 2008
41201 General construction of buildings main activity
Codes under NACEBEL 2003
45211 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Toutes opérations d’entreprise générale, de vente, d’achat, de location, d’aménagement, d’ameublement, de promotion, d’équipement, de…”
3 activities
  1. Toutes opérations d’entreprise générale, de vente, d’achat, de location, d’aménagement, d’ameublement, de promotion, d’équipement, de gestion, de lotissement, de mise en valeur, de construction, de rénovation, de démolition de tous biens immeubles ou de parties de biens immeubles généralement quelconques, à quelque stade que ce soit, sur projets, sur plans, en cours de construction ou achevés ainsi que l’exploitation et l’administration de tous biens immobiliers
  2. Toutes opérations de courtage en emprunt hypothécaire, financement, leasing et assurances
  3. Toutes opérations de conseils en toutes les matières énumérées ci-avant
deed of 12-01-2024 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Rue des Hougnes 60 registered office 4800 Verviers 2511003 Manufacture of metal structures and parts of structures 12-10-2001 2.098.460.584

Buildings and parcels at the address

Ground area
71 m²
Buildings
61 m²
Volume, LiDAR
496 m³
Tallest building
11.0 m
Buildings to scale, each on its own parcel
61 m², 10.9 m 61 m², 10.9 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
63572C0175/00N00471 m² 1 · 61 m² 10.9 m · 3

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0474.710.377

We would like to set cookies. That happens only with your consent. What we measure