Progone
ActiveSummary
Progone has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €38k and a net result of €-1k. Equity is growing by ~46.9% per year across the filed fiscal years. Its solvency ranks better than 69% of 3941 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability67▼-25
Solvency80▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity short (current ratio 0.75 against 0.74 in 2023; short-term debt: 44.6% and cash: 22.6% of total assets), and 44.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
55.4%
Return on assets
-1.5%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-12-2025, 124 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
124 d late
2023
177 d late
2022
69 d late
2021
151 d late
2020
61 d late
2019
101 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€38k▼ 2.7%
2023 · €40k
Total assets
€69k▲ 0.2%
2023 · €69k
Net result
€-1k
2023 · €13k
Working capital
€-8k▼ 0.3%
2023 · €-8k
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€23k€9k▼ 59.5%€13k▲ 36.3%€19k▲ 49.8%€-13
Net result€21k€7k▼ 65.1%€9k▲ 24.2%€13k▲ 42.2%€-1k
Equity€10k€18k▲ 71.9%€27k▲ 52.0%€40k▲ 48.6%€38k▼ 2.7%
Total assets€26k▲ 26.5%€44k▲ 72.8%€56k▲ 25.0%€69k▲ 24.8%€69k▲ 0.2%
Debt€16k▼ 50.2%€27k▲ 73.4%€29k▲ 7.5%€30k▲ 2.9%€31k▲ 4.0%
Working capital€-98▲ 99.5%€-10k▼ 10,472%€-8k▲ 23.2%€-8k▲ 4.0%€-8k▼ 0.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €13 after €19k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €69k
Fixed assets
€46k ▼ 2.2%
Current assets
€23k ▲ 5.2%
Equity and liabilities €69k
Equity
€38k ▼ 2.7%
Debt
€31k ▲ 4.0%
Debt's share of the balance-sheet total rises from 42.9% to 44.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€7k▼
2023 · €25k
Cash flow
€6k▼
2023 · €19k
Current ratio
0.75▲
2023 · 0.74
Quick ratio
0.62▼
2023 · 0.74
Debt to equity
0.80▲
2023 · 0.75
ROE
-2.8%▼
2023 · 32.7%
ROA
-1.5%▼
2023 · 18.7%
Interest coverage
11.82▼
2023 · 122.31
Debt ≤ 1 year
€31k▲
2023 · €30k
Income taxes
€500▼
2023 · €6k
Staff costs
€1k▼
2023 · €15k
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €15k | €1k | ▼ 93.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €5k | €6k | €6k | €7k | ▲ 12.0% |
| Other operating charges640/8 | - | €348 | €348 | €384 | €3k | ▲ 625% |
| Gross operating margin9900 | €28k | €15k | €19k | €40k | €11k | ▼ 73.3% |
| Operating profit (loss)9901 | €23k | €9k | €13k | €19k | €-13 | ▼ 100% |
| Financial income75/76B | - | - | €0 | - | €42 | - |
| Recurring financial income75 | €28 | - | €0 | - | €42 | - |
| Financial charges65/66B | - | €168 | €181 | €205 | €592 | ▲ 189% |
| Recurring financial charges65 | €200 | €168 | €181 | €205 | €592 | ▲ 189% |
| Profit (loss) for the period before taxes9903 | €23k | €9k | €12k | €19k | €-563 | ▼ 103% |
| Income taxes67/77 | €2k | €2k | €3k | €6k | €500 | ▼ 91.2% |
| Profit (loss) for the period9904 | €21k | €7k | €9k | €13k | €-1k | ▼ 108% |
| Profit (loss) for the period to be appropriated9905 | €21k | €7k | €9k | €13k | €-1k | ▼ 108% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26k | €44k | €56k | €69k | €69k | ▲ 0.2% |
| Fixed assets21/28 | €10k | €28k | €35k | €47k | €46k | ▼ 2.2% |
| Tangible fixed assets22/27 | €10k | €28k | €35k | €47k | €46k | ▼ 2.2% |
| Plant, machinery and equipment23 | - | €320 | €160 | - | €3k | - |
| Furniture and vehicles24 | - | €8k | €5k | €8k | €9k | ▲ 16.6% |
| Other tangible fixed assets26 | - | €20k | €30k | €39k | €35k | ▼ 12.3% |
| Current assets29/58 | €15k | €17k | €21k | €22k | €23k | ▲ 5.2% |
| Stocks and contracts in progress3 | - | - | - | - | €4k | - |
| Stocks30/36 | - | - | - | - | €4k | - |
| Amounts receivable within one year40/41 | €7k | €14k | €12k | €20k | €3k | ▼ 84.3% |
| Trade receivables40 | - | €14k | €12k | €19k | - | - |
| Other amounts receivable41 | - | €231 | €104 | €994 | €3k | ▲ 216% |
| Cash at bank and in hand54/58 | €8k | €2k | €8k | €2k | €16k | ▲ 924% |
| Deferred charges and accrued income490/1 | - | €380 | €378 | €615 | €465 | ▼ 24.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26k | €44k | €56k | €69k | €69k | ▲ 0.2% |
| Equity10/15 | €10k | €18k | €27k | €40k | €38k | ▼ 2.7% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €464 | €11k | €20k | €33k | €32k | ▼ 3.0% |
| Non-distributable reserves130/1 | - | €464 | €464 | - | - | - |
| Reserves not available under the articles1311 | - | €464 | €464 | - | - | - |
| Distributable reserves133 | - | €11k | €20k | €33k | €32k | ▼ 3.0% |
| Profit (loss) carried forward14 | €4k | €45 | €54 | €91 | €28 | ▼ 69.4% |
| Amounts payable17/49 | €16k | €27k | €29k | €30k | €31k | ▲ 4.0% |
| Amounts payable within one year42/48 | €16k | €27k | €29k | €30k | €31k | ▲ 4.0% |
| Trade debts44 | €4k | €6k | €10k | €3k | €4k | ▲ 45.4% |
| Suppliers440/4 | - | €6k | €10k | €3k | €4k | ▲ 45.4% |
| Taxes, remuneration and social security45 | - | €7k | €6k | €18k | €6k | ▼ 69.0% |
| Taxes450/3 | - | €7k | €6k | €12k | €6k | ▼ 53.0% |
| Remuneration and social security454/9 | - | - | - | €6k | - | - |
| Other amounts payable47/48 | - | €14k | €13k | €9k | €22k | ▲ 144% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €7k | €9k | €13k | €-1k | ▼ 108% |
| + Depreciation and write-downs630 | €5k | €5k | €6k | €6k | €7k | ▲ 12.0% |
| Operating cash flow (approximation) | €26k | €13k | €15k | €19k | €6k | ▼ 69.0% |
| Investment in fixed assets (approximation) | - | €-23k | €-12k | €-19k | €-6k | ▲ 68.4% |
| Change in cash | - | €-7k | €6k | €-7k | €14k | ▲ 312% |
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
02-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 124 days late
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 177 days late
2023
08-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 69 days late
2022
29-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 151 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 42 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
10-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 41 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Colfontaine · 1 establishment unit since 1991
Ground area
310 m²
Building footprint
72 m²
Volume, LiDAR
366 m³
Parcel 53302C0385/00R031, Wallonia · tallest building 8.0 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
PROGONE
since 19912.053.226.120
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53302C0385/00R031 | Wallonia | 310 m² | 1 · 72 m² | 8.0 m · 1 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteColfontaine2.053.226.120
Similar companies · same sector, comparable size
Of 14 companies in sector 01270 we hold annual accounts for 2. 1 is within a factor 10 of this equity. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-06-1991
Fiscal year end31-12
Activities, NACEBEL 2025
01270Crop and animal production, hunting and related service activities
01260Crop and animal production, hunting and related service activities
01280Crop and animal production, hunting and related service activities
10830Manufacture of food products
20411Manufacture of chemicals and chemical products
20420Manufacture of chemicals and chemical products
47279Other retail sale of food
47750Retail sale of cosmetics and toilet articles
56112Limited-service restaurants, excluding mobile food services
62100Computer programming
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.