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PROGIM

Active
Public limited companyfounded 198936 yrs activeTentoonstellingslaan 450, 1090 Jette, BelgiumKBO/BCE: BE 0439.191.353
Summary

PROGIM has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €301,021 and a net result of -€5,028. Equity remains stable across the filed fiscal years (±2.3% per year). The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2025
Axes · tick = 2023
Profitability33▲+33
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
short-term debt: 0.1% and cash: 0.6% of total assets, and 1.4% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 36 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
98.6%
Return on assets
-1.6%
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 27-08-2026, 27 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 filings
Deviation from the deadline
2025
27 d late
2023
37 d late
2022
71 d late
2021
162 d late
2020
131 d late
2019
137 d late
2018
119 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 98 days after the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.

Checked, nothing found (2)
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. Usually files around 10 October (4 of the last 5 filed years within 60 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 14 December 1989, PROGIM was incorporated.1 Total assets went from EUR 418,420 in 2018 to EUR 305,166 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€301,021▼ 2.8%
2023 · €309,845
Total assets
€305,166▼ 3.0%
2023 · €314,443
Net result
-€5,028▲ 90.1%
2023 · -€50,957
Working capital
€153,501▼ 5.4%
2023 · €162,325
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232025
Operating result-€9,537-€7,112▲ 25.4%-€4,589▲ 35.5%-€8,001▼ 74.4%-€4,920-
Net result-€3,805-€20,738▼ 445%€35,452-€50,957-€5,028-
Equity€346,088▼ 1.1%€325,350▼ 6.0%€360,802▲ 10.9%€309,845▼ 14.1%€301,021-
Total assets€405,842▼ 1.8%€369,083▼ 9.1%€364,493▼ 1.2%€314,443▼ 13.7%€305,166-
Debt€18,300▼ 10.0%€3,691▼ 79.8%€3,691=€4,598▲ 24.6%€4,145-
Working capital€162,325€153,501-
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€75,000-€50,000-€25,000€0€25,000Operating result 2020: -€9,537-€9,537Net result 2020: -€3,805-€3,805Operating result 2021: -€7,112-€7,112Net result 2021: -€20,738-€20,738Operating result 2022: -€4,589-€4,589Net result 2022: €35,452€35,452Operating result 2023: -€8,001-€8,001Net result 2023: -€50,957-€50,957Operating result 2025: -€4,920-€4,920Net result 2025: -€5,028-€5,02820202021202220232025-€75,000-€50,000-€25,000€0€25,000Operating result 2022: -€4,589-€4,590Net result 2022: €35,452€35,500Operating result 2023: -€8,001-€8,000Net result 2023: -€50,957-€51,000Operating result 2025: -€4,920-€4,920Net result 2025: -€5,028-€5,030202220232025
The operating result is -€4,920 in 2025, compared with -€8,001 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €305,166
Fixed assets €151,211 =
Current assets €153,955 ▼ 5.7%
Equity and liabilities €305,166
Equity €301,021 ▼ 2.8%
Debt €4,145 ▼ 9.9%
Debt's share of the balance-sheet total falls from 1.5% to 1.4%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2023
Debt to equity
0.01▼
2023 · 0.01
ROE
-1.7%▲
2023 · -16.4%
ROA
-1.6%▲
2023 · -16.2%
Debt ≤ 1 year
€454▼
2023 · €907
Debt > 1 year
€3,691=
2023 · €3,691
A ratio outside any meaningful range has been withheld (balance sheet total €305,166, equity €301,021).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2023 · 37 lines
Balance sheet Code20232025
Assets
Total assets20/58€314,443€305,166▼
Fixed assets21/28€151,211€151,211=
Tangible fixed assets22/27€121,091€121,091=
Land and buildings22€121,091€121,091=
Financial fixed assets28€30,120€30,120=
Current assets29/58€163,232€153,955▼
Amounts receivable within one year40/41€161,186€152,041▼
Trade receivables40€8,936€8,936=
Other amounts receivable41€152,250€143,105▼
Cash at bank and in hand54/58€2,046€1,914▼
Equity and liabilities
Total equity and liabilities10/49€314,443€305,166▼
Equity10/15€309,845€301,021▼
Contributions10/11€260,288€260,288=
Capital10€260,288€260,288=
Issued capital100€260,288€260,288=
Reserves13€2,939€2,939=
Non-distributable reserves130/1€2,939€2,939=
Legal reserve130€2,939€2,939=
Profit (loss) carried forward14€46,618€37,794▼
Amounts payable17/49€4,598€4,145▼
Amounts payable after more than one year17€3,691€3,691=
Financial debts170/4€3,691€3,691=
Amounts payable within one year42/48€907€454▼
Trade debts44€907€454▼
Suppliers440/4€907€454▼
Income statement Code20232025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,422-
Other operating charges640/8€2,287€1,554▼
Gross operating margin9900-€1,292-€3,366▼
Operating profit (loss)9901-€8,001-€4,920▲
Financial charges65/66B€89€108▲
Recurring financial charges65€89€108▲
Profit (loss) for the period before taxes9903-€8,090-€5,028▲
Income taxes67/77€42,867-
Profit (loss) for the period9904-€50,957-€5,028▲
Profit (loss) for the period to be appropriated9905-€50,957-€5,028▲
Appropriation of the result
Profit (loss) to be appropriated9906€46,618€37,794▼
Profit (loss) brought forward from the previous period14P€97,575€42,822▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,422€4,422€4,422€4,422--
Other operating charges640/8-€1,435€167€2,287€1,554-
Gross operating margin9900-€1,981-€1,255--€1,292-€3,366-
Operating profit (loss)9901-€9,537-€7,112-€4,589-€8,001-€4,920-
Financial charges65/66B-€15,039-€89€108-
Recurring financial charges65€681€89-€89€108-
Non-recurring financial charges66B-€14,950----
Profit (loss) for the period before taxes9903-€10,218-€22,151-€4,589-€8,090-€5,028-
Transfer from deferred taxes780-€1,413€40,041---
Income taxes67/77-€5,000--€42,867--
Profit (loss) for the period9904-€3,805-€20,738€35,452-€50,957-€5,028-
Transfer from tax-exempt reserves789-€2,745€77,761---
Profit (loss) for the period to be appropriated9905-€1,060-€17,993€113,213-€50,957-€5,028-
Line20202021202220232025Change
Assets
Total assets20/58€405,842€369,083€364,493€314,443€305,166-
Fixed assets21/28€164,477€160,055€155,633€151,211€151,211-
Tangible fixed assets22/27€134,357€129,935€125,513€121,091€121,091-
Land and buildings22-€129,935€125,513€121,091€121,091-
Financial fixed assets28€30,120€30,120€30,120€30,120€30,120-
Current assets29/58€241,365€209,028€208,860€163,232€153,955-
Amounts receivable within one year40/41€220,961€204,635€204,467€161,186€152,041-
Trade receivables40-€8,936€8,936€8,936€8,936-
Other amounts receivable41-€195,699€195,531€152,250€143,105-
Cash at bank and in hand54/58€9,870€4,393€4,393€2,046€1,914-
Equity and liabilities
Total equity and liabilities10/49€405,842€369,083€364,493€314,443€305,166-
Equity10/15€346,088€325,350€360,802€309,845€301,021-
Contributions10/11€260,288€260,288€260,288€260,288€260,288-
Capital10-€260,288€260,288€260,288€260,288-
Issued capital100-€260,288€260,288€260,288€260,288-
Reserves13€83,445€80,700€2,939€2,939€2,939-
Non-distributable reserves130/1-€2,939€2,939€2,939€2,939-
Legal reserve130-€2,939€2,939€2,939€2,939-
Tax-exempt reserves132-€77,761----
Profit (loss) carried forward14€2,355-€15,638€97,575€46,618€37,794-
Provisions and deferred taxes16€41,454€40,042----
Deferred taxes168-€40,042----
Amounts payable17/49€18,300€3,691€3,691€4,598€4,145-
Amounts payable after more than one year17€3,691€3,691€3,691€3,691€3,691-
Financial debts170/4-€3,691€3,691€3,691€3,691-
Amounts payable within one year42/48---€907€454-
Trade debts44---€907€454-
Suppliers440/4---€907€454-
Line20202021202220232025Change
Profit (loss) for the period9904-€3,805-€20,738€35,452-€50,957-€5,028-
+ Depreciation and write-downs630€4,422€4,422€4,422€4,422--
Operating cash flow (approximation)€617-€16,316€39,874-€46,535-€5,028-
Investment in fixed assets (approximation)-€0€0€0--
Change in cash--€5,477€0-€2,347--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
27-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2024
06-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 37 days late
2023
31-12
Financial Weakest financial yearnet -€50,957
Net result drops to -€50,957, the lowest in the series; recovery starts the following year.
10-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
09-01
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 162 days late
2022
31-12
Financial Back to profitnet €35,452
Net result €35,452 after 2 loss-making years.
2021
09-12
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 131 days late
2020
15-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 137 days late
2019
31-12
Financial Back to profitnet €1,270
Net result €1,270 after one loss-making year.
31-12
Financial Liquidity times 9current ratio 120.70
Current ratio from 13.58 to 120.70; short-term debt falls from €7,217 to €2,023.
27-11
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 119 days late
22-03
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 234 days late
11-03
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 588 days late
2016
28-12
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 150 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 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
6 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, Jette · 1 establishment unit since 2003
seat establishment The establishment unit on the map
Ground area
1.5 ha
Building footprint
316 m²
Volume, LiDAR
8,893 m³
2 parcels, Brussels, Wallonia · tallest building 38.7 m, ±12 floors. Linked by address, not a title deed.
7 companies at this address See who is registered here
1 establishment unit
Rue Rouveroy 2, 4000 Liège
Activities of head offices; management consultancy activities
since 20032.130.319.740
2 parcels
Wallonia 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
21010B0043/00B004 Brussels 1.5 ha 1 · 196 m² 38.7 m · 12 fl.
62803A1391/00M000 Wallonia 235 m² 1 · 120 m² 17.9 m · 6 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPublic limited company
Founded14-12-1989
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.