PROGETEC
ActiveSummary
PROGETEC has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €36,340 and a net result of €10,409. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 42% of 11613 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability85▼-15
Solvency71▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 1.73 against 2.12 in 2023; short-term debt: 53.9% and cash: 38.9% of total assets), but 53.9% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
46.1%
Return on assets
13.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
30 d late
2022
70 d late
2021
29 d late
2020
88 d late
2019
76 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 58 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€36,340▼ 8.5%
2023 · €39,731
Total assets
€78,845▲ 17.6%
2023 · €67,027
Net result
€10,409▼ 61.9%
2023 · €27,295
Working capital
€30,851▲ 1.1%
2023 · €30,508
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
Operating result-€3,027▲ 3.9%-€2,612▲ 13.7%€4,608€37,123▲ 706%€17,168▼ 53.8%
Net result-€2,381▲ 44.1%-€3,362▼ 41.2%€2,444€27,295▲ 1,017%€10,409▼ 61.9%
Equity€13,354▼ 15.1%€9,992▼ 25.2%€12,436▲ 24.5%€39,731▲ 219%€36,340▼ 8.5%
Total assets€46,112▲ 14.2%€46,952▲ 1.8%€43,934▼ 6.4%€67,027▲ 52.6%€78,845▲ 17.6%
Debt€32,758▲ 33.0%€36,960▲ 12.8%€31,498▼ 14.8%€27,296▼ 13.3%€42,505▲ 55.7%
Working capital-€3,937-€12,213▼ 210%-€1,347▲ 89.0%€30,508€30,851▲ 1.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 54% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €78,845
Fixed assets
€5,489 ▼ 40.5%
Current assets
€73,356 ▲ 26.9%
Equity and liabilities €78,845
Equity
€36,340 ▼ 8.5%
Debt
€42,505 ▲ 55.7%
Debt's share of the balance-sheet total rises from 40.7% to 53.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€21,704▼
2023 · €41,684
Cash flow
€14,945▼
2023 · €31,856
Current ratio
1.73▼
2023 · 2.12
Debt to equity
1.17▲
2023 · 0.69
ROE
28.6%▼
2023 · 68.7%
ROA
13.2%▼
2023 · 40.7%
Interest coverage
255.34▲
2023 · 225.32
Debt ≤ 1 year
€42,505▲
2023 · €27,296
Income taxes
€6,674▼
2023 · €9,649
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,529 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,634 | €7,968 | €3,786 | €4,561 | €4,536 | ▼ 0.5% |
| Other operating charges640/8 | - | €5,129 | €2,646 | €2,518 | €1,645 | ▼ 34.7% |
| Non-recurring operating charges66A | - | - | €1,487 | - | - | - |
| Gross operating margin9900 | €5,983 | €10,485 | €12,527 | €44,202 | €23,349 | ▼ 47.2% |
| Operating profit (loss)9901 | -€3,027 | -€2,612 | €4,608 | €37,123 | €17,168 | ▼ 53.8% |
| Financial income75/76B | - | - | - | €6 | - | - |
| Recurring financial income75 | €2,500 | - | - | €6 | - | - |
| Financial charges65/66B | - | €70 | €252 | €185 | €85 | ▼ 54.1% |
| Recurring financial charges65 | €478 | €70 | €252 | €185 | €85 | ▼ 54.1% |
| Profit (loss) for the period before taxes9903 | -€1,005 | -€2,682 | €4,356 | €36,944 | €17,083 | ▼ 53.8% |
| Income taxes67/77 | €1,376 | €680 | €1,912 | €9,649 | €6,674 | ▼ 30.8% |
| Profit (loss) for the period9904 | -€2,381 | -€3,362 | €2,444 | €27,295 | €10,409 | ▼ 61.9% |
| Profit (loss) for the period to be appropriated9905 | -€2,381 | -€3,362 | €2,444 | €27,295 | €10,409 | ▼ 61.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46,112 | €46,952 | €43,934 | €67,027 | €78,845 | ▲ 17.6% |
| Fixed assets21/28 | €17,291 | €22,455 | €13,783 | €9,223 | €5,489 | ▼ 40.5% |
| Tangible fixed assets22/27 | €17,291 | €22,455 | €13,783 | €9,223 | €5,489 | ▼ 40.5% |
| Plant, machinery and equipment23 | - | €7,826 | €7,680 | €5,030 | €3,207 | ▼ 36.2% |
| Furniture and vehicles24 | - | €14,629 | €6,103 | €4,193 | €2,282 | ▼ 45.6% |
| Current assets29/58 | €28,821 | €24,497 | €30,151 | €57,804 | €73,356 | ▲ 26.9% |
| Amounts receivable within one year40/41 | €11,294 | €15,831 | €11,523 | €38,344 | €42,668 | ▲ 11.3% |
| Trade receivables40 | - | €10,507 | €10,943 | €29,501 | €26,905 | ▼ 8.8% |
| Other amounts receivable41 | - | €5,324 | €580 | €8,843 | €15,763 | ▲ 78.3% |
| Cash at bank and in hand54/58 | €14,827 | €8,666 | €18,628 | €19,460 | €30,688 | ▲ 57.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46,112 | €46,952 | €43,934 | €67,027 | €78,845 | ▲ 17.6% |
| Equity10/15 | €13,354 | €9,992 | €12,436 | €39,731 | €36,340 | ▼ 8.5% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €18,600 | ▲ 50.0% |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€906 | -€4,268 | -€1,824 | €25,471 | €15,880 | ▼ 37.7% |
| Amounts payable17/49 | €32,758 | €36,960 | €31,498 | €27,296 | €42,505 | ▲ 55.7% |
| Amounts payable within one year42/48 | €32,758 | €36,710 | €31,498 | €27,296 | €42,505 | ▲ 55.7% |
| Trade debts44 | €14,355 | €7,354 | €9,732 | €11,309 | €9,357 | ▼ 17.3% |
| Suppliers440/4 | - | €7,354 | €9,732 | €11,309 | €9,357 | ▼ 17.3% |
| Taxes, remuneration and social security45 | - | €9,242 | €10,319 | €15,987 | €13,148 | ▼ 17.8% |
| Taxes450/3 | - | €9,242 | €8,319 | €13,987 | €11,148 | ▼ 20.3% |
| Remuneration and social security454/9 | - | - | €2,000 | €2,000 | €2,000 | = |
| Other amounts payable47/48 | - | €20,114 | €11,447 | - | €20,000 | - |
| Accrued charges and deferred income492/3 | - | €250 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,381 | -€3,362 | €2,444 | €27,295 | €10,409 | ▼ 61.9% |
| + Depreciation and write-downs630 | €4,634 | €7,968 | €3,786 | €4,561 | €4,536 | ▼ 0.5% |
| Operating cash flow (approximation) | €2,253 | €4,606 | €6,230 | €31,856 | €14,945 | ▼ 53.1% |
| Investment in fixed assets (approximation) | - | -€13,132 | €4,886 | -€1 | -€802 | ▼ 80,100% |
| Change in cash | - | -€6,161 | €9,962 | €832 | €11,228 | ▲ 1,250% |
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
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €27,295 ▲1,017%
Operating result €37,123, net result €27,295, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.12
Current ratio from 0.96 to 2.12; short-term debt falls from €31,498 to €27,296.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Back to profitnet €2,444
Net result €2,444 after 3 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 76 days late
2019
31-12
Financial
Weakest financial yearnet -€4,262
Net result drops to -€4,262, the lowest in the series; recovery starts the following year.
10-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 41 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Assesse · 1 establishment unit since 2015
Ground area
1,149 m²
Building footprint
120 m²
Parcel 92006B0180/00R000, Wallonia. Linked by address, not a title deed.
1 establishment unit
PROGETEC
since 20152.246.025.694
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92006B0180/00R000 | Wallonia | 1,149 m² | 1 · 120 m² | - |
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.
Similar companies · same sector, comparable size
BUREAU GILLET STABILITE
BE 0873.601.794
Etalle · Eq €36,342
ROBUUST engineering
BE 0802.744.284
Gent · Eq €36,329
VERMA CONSULTANCY SERVICES
BE 0665.531.153
Beveren-Kruibeke-Zwijndrecht · Eq €36,318
MV ENGINEERING
BE 1023.084.437
Hoogstraten · Eq €36,277
AB Stabiliteit
BE 0693.777.157
Dilbeek · Eq €36,420
Of 11,571 companies in sector 71121 we hold annual accounts for 6,563. 4,619 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
Founded16-09-2015
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
41001General construction of residential buildings
68121Development of residential building projects
43211General electrical installation work
64210Activities of holding companies
68110Buying and selling of own real estate
Contact
Phone
0494/855.636Assesse
Scores and ratios are computed by Checked and are not a credit decision.