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 €36k and a net result of €10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 42% of 11615 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 €2.5k 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
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 →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€36k▼ 8.5%
2023 · €40k
2018: €20k
2019: €16k▼ -21.3% vs 2018
2020: €13k▼ -15.1% vs 2019
2021: €10k▼ -25.2% vs 2020lowest in 7 years
2022: €12k▲ +24.5% vs 2021
2023: €40k▲ +219% vs 2022highest in 7 years
2024: €36k▼ -8.5% vs 2023
2018 → 2024
Total assets
€79k▲ 17.6%
2023 · €67k
2018: €40klowest in 7 years
2019: €40k▲ +0.1% vs 2018
2020: €46k▲ +14.2% vs 2019
2021: €47k▲ +1.8% vs 2020
2022: €44k▼ -6.4% vs 2021
2023: €67k▲ +52.6% vs 2022
2024: €79k▲ +17.6% vs 2023highest in 7 years
2018 → 2024
Net result
€10k▼ 61.9%
2023 · €27k
2018: €3k
2019: €-4k▼ -229% vs 2018lowest in 7 years
2020: €-2k▲ +44.1% vs 2019
2021: €-3k▼ -41.2% vs 2020
2022: €2k▲ +173% vs 2021
2023: €27k▲ +1017% vs 2022highest in 7 years
2024: €10k▼ -61.9% vs 2023
2018 → 2024
Working capital
€31k▲ 1.1%
2023 · €31k
2018: €3k
2019: €679▼ -78.2% vs 2018
2020: €-4k▼ -680% vs 2019
2021: €-12k▼ -210% vs 2020lowest in 7 years
2022: €-1k▲ +89.0% vs 2021
2023: €31k▲ +2365% vs 2022
2024: €31k▲ +1.1% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€13k-€10k▼ 25.2%€12k▲ 24.5%€40k▲ 219%€36k▼ 8.5%
2020: €13k
2021: €10k▼ -25.2% vs 2020lowest in 5 years
2022: €12k▲ +24.5% vs 2021
2023: €40k▲ +219% vs 2022highest in 5 years
2024: €36k▼ -8.5% vs 2023
Operating result€-3k-€-3k▲ 13.7%€5k€37k▲ 706%€17k▼ 53.8%
2020: €-3klowest in 5 years
2021: €-3k▲ +13.7% vs 2020
2022: €5k▲ +276% vs 2021
2023: €37k▲ +706% vs 2022highest in 5 years
2024: €17k▼ -53.8% vs 2023
Net result€-2k-€-3k▼ 41.2%€2k€27k▲ 1,017%€10k▼ 61.9%
2020: €-2k
2021: €-3k▼ -41.2% vs 2020lowest in 5 years
2022: €2k▲ +173% vs 2021
2023: €27k▲ +1017% vs 2022highest in 5 years
2024: €10k▼ -61.9% vs 2023
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 €79k
Fixed assets
€5k ▼ 40.5%
Current assets
€73k ▲ 26.9%
Equity and liabilities €79k
Equity
€36k ▼ 8.5%
Debt
€43k ▲ 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
€22k▼
2023 · €42k
Cash flow
€15k▼
2023 · €32k
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
€43k▲
2023 · €27k
Income taxes
€7k▼
2023 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€67k€79k▲
Fixed assets21/28€9k€5k▼
Tangible fixed assets22/27€9k€5k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€4k€2k▼
Current assets29/58€58k€73k▲
Amounts receivable within one year40/41€38k€43k▲
Trade receivables40€30k€27k▼
Other amounts receivable41€9k€16k▲
Cash at bank and in hand54/58€19k€31k▲
Equity and liabilities
Total equity and liabilities10/49€67k€79k▲
Equity10/15€40k€36k▼
Contributions10/11€12k€19k▲
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€25k€16k▼
Amounts payable17/49€27k€43k▲
Amounts payable within one year42/48€27k€43k▲
Trade debts44€11k€9k▼
Suppliers440/4€11k€9k▼
Taxes, remuneration and social security45€16k€13k▼
Taxes450/3€14k€11k▼
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48-€20k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€44k€23k▼
Operating profit (loss)9901€37k€17k▼
Financial income75/76B€6-
Recurring financial income75€6-
Financial charges65/66B€185€85▼
Recurring financial charges65€185€85▼
Profit (loss) for the period before taxes9903€37k€17k▼
Income taxes67/77€10k€7k▼
Profit (loss) for the period9904€27k€10k▼
Profit (loss) for the period to be appropriated9905€27k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€36k▲
Profit (loss) brought forward from the previous period14P€-2k€25k▲
Profit to be distributed694/7-€20k
Return on contributions (dividend)694-€20k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €8k | €4k | €5k | €5k | ▼ 0.5% |
| Other operating charges640/8 | - | €5k | €3k | €3k | €2k | ▼ 34.7% |
| Non-recurring operating charges66A | - | - | €1k | - | - | - |
| Gross operating margin9900 | €6k | €10k | €13k | €44k | €23k | ▼ 47.2% |
| Operating profit (loss)9901 | €-3k | €-3k | €5k | €37k | €17k | ▼ 53.8% |
| Financial income75/76B | - | - | - | €6 | - | - |
| Recurring financial income75 | €3k | - | - | €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 | €-1k | €-3k | €4k | €37k | €17k | ▼ 53.8% |
| Income taxes67/77 | €1k | €680 | €2k | €10k | €7k | ▼ 30.8% |
| Profit (loss) for the period9904 | €-2k | €-3k | €2k | €27k | €10k | ▼ 61.9% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-3k | €2k | €27k | €10k | ▼ 61.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46k | €47k | €44k | €67k | €79k | ▲ 17.6% |
| Fixed assets21/28 | €17k | €22k | €14k | €9k | €5k | ▼ 40.5% |
| Tangible fixed assets22/27 | €17k | €22k | €14k | €9k | €5k | ▼ 40.5% |
| Plant, machinery and equipment23 | - | €8k | €8k | €5k | €3k | ▼ 36.2% |
| Furniture and vehicles24 | - | €15k | €6k | €4k | €2k | ▼ 45.6% |
| Current assets29/58 | €29k | €24k | €30k | €58k | €73k | ▲ 26.9% |
| Amounts receivable within one year40/41 | €11k | €16k | €12k | €38k | €43k | ▲ 11.3% |
| Trade receivables40 | - | €11k | €11k | €30k | €27k | ▼ 8.8% |
| Other amounts receivable41 | - | €5k | €580 | €9k | €16k | ▲ 78.3% |
| Cash at bank and in hand54/58 | €15k | €9k | €19k | €19k | €31k | ▲ 57.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46k | €47k | €44k | €67k | €79k | ▲ 17.6% |
| Equity10/15 | €13k | €10k | €12k | €40k | €36k | ▼ 8.5% |
| Contributions10/11 | - | €12k | €12k | €12k | €19k | ▲ 50.0% |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €-906 | €-4k | €-2k | €25k | €16k | ▼ 37.7% |
| Amounts payable17/49 | €33k | €37k | €31k | €27k | €43k | ▲ 55.7% |
| Amounts payable within one year42/48 | €33k | €37k | €31k | €27k | €43k | ▲ 55.7% |
| Trade debts44 | €14k | €7k | €10k | €11k | €9k | ▼ 17.3% |
| Suppliers440/4 | - | €7k | €10k | €11k | €9k | ▼ 17.3% |
| Taxes, remuneration and social security45 | - | €9k | €10k | €16k | €13k | ▼ 17.8% |
| Taxes450/3 | - | €9k | €8k | €14k | €11k | ▼ 20.3% |
| Remuneration and social security454/9 | - | - | €2k | €2k | €2k | = |
| Other amounts payable47/48 | - | €20k | €11k | - | €20k | - |
| Accrued charges and deferred income492/3 | - | €250 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-3k | €2k | €27k | €10k | ▼ 61.9% |
| + Depreciation and write-downs630 | €5k | €8k | €4k | €5k | €5k | ▼ 0.5% |
| Operating cash flow (approximation) | €2k | €5k | €6k | €32k | €15k | ▼ 53.1% |
| Investment in fixed assets (approximation) | - | €-13k | €5k | €-1 | €-802 | ▼ 80,100% |
| Change in cash | - | €-6k | €10k | €832 | €11k | ▲ 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 €27k ▲1,017%
Operating result €37k, net result €27k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.12
Current ratio from 0.96 to 2.12; short-term debt falls from €31k to €27k.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Back to profitnet €2k
Net result €2k 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 €-4k
Net result drops to €-4k, 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.
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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.
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,561. 4,618 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.