progex
Activeprogex has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31k and a net result of €4k. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 36% of 9460 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▲+84
Solvency64▼-10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.69 against 1.83 in 2024; short-term debt: 28.4% and cash: 3% of total assets), but 61.4% of the assets are financed with debt.
Credit advice for your own amount and term
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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38.6%
Return on assets
5.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 d late
2024
5 d late
2023
7 d early
2022
23 d late
2021
62 d early
2020
2 d late
2019
4 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€97k
EBIT margin
7.3%
Net result
€4k
2024 · €-12k
2018: €10k
2019: €2k
2020: €2k
2021: €-3k
2022: €-602
2023: €18k
2024: €-12k
2018 → 2025
Working capital
€16k▲ 24.3%
2024 · €13k
2018: €13k
2019: €12k
2020: €14k
2021: €-3k
2022: €-5k
2023: €23k
2024: €13k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€97k
Equity€21k-€21k▼ 2.8%€39k▲ 88.8%€27k▼ 31.6%€31k▲ 15.8%
Operating result€-2k-€886€20k▲ 2,137%€-11k€7k
Net result€-3k-€-602▲ 81.8%€18k€-12k€4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €7k after a loss of €11k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €80k
Fixed assets
€41k▲ 58.6%
Current assets
€38k▲ 37.7%
Equity and liabilities €80k
Equity
€31k▲ 15.8%
Debt
€49k▲ 79.0%
The debt ratio rises from 50.7% to 61.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20k▲
2024 · €-174
Cash flow
€17k▲
2024 · €-1k
Solvency
38.6%▼
2024 · 49.3%
Current ratio
1.69▼
2024 · 1.83
Quick ratio
1.69▼
2024 · 1.83
Debt / equity
1.59▲
2024 · 1.03
ROE
13.6%▲
2024 · -46.3%
ROA
5.3%▲
2024 · -22.8%
Interest coverage
12.77▲
2024 · -0.14
Debt
€49k▲
2024 · €27k
Debt ≤ 1 year
€23k▲
2024 · €15k
Debt > 1 year
€26k▲
2024 · €12k
Income taxes
€1k▲
2024 · €-48
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€54k€80k▲
Fixed assets21/28€26k€41k▲
Tangible fixed assets22/27€26k€41k▲
Plant, machinery and equipment23€22k€39k▲
Furniture and vehicles24€4k€2k▼
Current assets29/58€28k€38k▲
Amounts receivable within one year40/41€21k€35k▲
Trade receivables40€21k€35k▲
Cash at bank and in hand54/58€6k€2k▼
Deferred charges and accrued income490/1€1k€831▼
Equity and liabilities
Total equity and liabilities10/49€54k€80k▲
Equity10/15€27k€31k▲
Contributions10/11€13k€13k=
Reserves13€498€498▼
Non-distributable reserves130/1€498€498▼
Reserves not available under the articles1311-€498
Other1319€498-
Profit (loss) carried forward14€13k€17k▲
Amounts payable17/49€27k€49k▲
Amounts payable after more than one year17€12k€26k▲
Financial debts170/4€12k€26k▲
Amounts payable within one year42/48€15k€23k▲
Current portion of amounts payable after more than one year42€5k€11k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€3k€6k▲
Taxes450/3€3k€6k▲
Other amounts payable47/48€4k€4k▲
Income statement
Code20242025
Turnover70-€97k
Goods, raw materials, services and sundry goods60/61-€76k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€13k▲
Other operating charges640/8€944€941▼
Gross operating margin9900€770€21k▲
Operating profit (loss)9901€-11k€7k▲
Financial income75/76B-€3
Recurring financial income75-€3
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€-12k€5k▲
Income taxes67/77€-48€1k▲
Profit (loss) for the period9904€-12k€4k▲
Profit (loss) for the period to be appropriated9905€-12k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€17k▲
Profit (loss) brought forward from the previous period14P€25k€13k▼
The notes to these accounts (8 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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-12
Financial
Weakest financial yearnet €-12k ▼167%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €18k
Net result €18k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 2.54
Current ratio from 0.72 to 2.54; short-term debt falls from €18k to €15k.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
21-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro 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, Lobbes · 1 establishment unit since 2016
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 de la Chapelle 296542 LobbesGround area
3,018 m²
Building footprint
310 m²
Volume, LiDAR
1,950 m³
2 parcels, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Progex
since 20162.254.433.814
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56069A0314/00T000 | Wallonia | 2,176 m² | 1 · 218 m² | 9.2 m · 2 fl. |
| 25087C0509/00K000 | Wallonia | 842 m² | 1 · 91 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
MILLIMETER
BE 0863.279.313
Maasmechelen · Eq €30k
DECRAUW
BE 0867.375.582
Gent · Eq €30k
WOC
BE 0765.782.237
Nieuwerkerken (Limb.) · Eq €31k
EJL
BE 0736.786.363
Sint-Katelijne-Waver · Eq €30k
ADEH-géomètre
BE 0794.736.638
Héron · Eq €31k
Of 1,759 companies in sector 71122 we hold annual accounts for 770. 589 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-07-2016
Fiscal year end31-12
Activities, NACEBEL
71122Land surveying
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.