Losses
-€9,338 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
PROGRACE
Lifetime
5 annual accounts with figures on one time axispeak €22,481 (2023)
€940▲ €3,268
lowest -€6,692 (2024)
-€2,646▲ €4,047
peak €23,557 (2023)
€7,218▼ 26.8%
€7,487▼ 55.4%
Board2 names since 2020
2 directorsJANG Ji Won and 1 other
Documentsfilings and deeds
11-07-202620 days before the deadline
2025micro format
Gross margin from -€2,328 to €940Loss of €2,646Equity from €9,864 to €7,218Debts from €16,773 to €7,487Cash from €6,501 to €1,252
Key points
from the 2025 annual accountsChecked score
67
Healthy
Financially stronger than 28% of micro companies in wholesale trade (NACE 46)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%highest value
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 1.0%● unchanged vs 01-2025
03-2025: 0.6%▼ -0.4 percentage points vs 02-2025lowest value
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.7%▲ +0.1 percentage points vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.6%▼ -0.1 percentage points vs 12-2025
02-2026: 0.7%▲ +0.1 percentage points vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.8%▲ +0.1 percentage points vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 0.9%▲ +0.1 percentage points vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 0.7%▼ -0.2 percentage points vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Founded in 2020
Loss of €2,646, the second in a row (financial year 2025)
lowers risk
Size: total assets €14,705
Figures for financial year 2025 (filed on 11-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 57% of them on solvency, 32% on liquidity, 6% on profitability and 16% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,591 companies had the same profile as PROGRACE has now. Each dot stands for 9 companies, two years later.
87.3%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PROGRACE itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,591 companies, not a prediction for PROGRACE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year -€2,646
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-07-2026, 20 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
20 days early
2024
33 days early
2023
18 days early
2022
1 day early
2021
29 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 9 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- JANG Ji Won 500 sharesdeed of 20-07-2020
- PEH In Son 500 sharesdeed of 20-07-2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0750742683
Registered office moved from De Pinte to Erpe-Mere
New registered office: Oudenaardsesteenweg 694 bus A2, 9420 Erpe-Mere · Previous registered office: Pont-Zuid 21, 9840 De Pinte · Board meeting of 15-11-2022 · Gazette deed
Registered office moved from Ghent to De Pinte
New registered office: Pont-Zuid 21, 9840 De Pinte · Previous registered office: Braemstraat 89 bus B, 9050 Gent · Board meeting of 21-01-2021 · Gazette deed
Incorporation
Founding capital of €5,000, 1,000 shares · Founders: JANG Ji Won and PEH In Son · Appointments: JANG Ji Won (director) and PEH In Son (director) · published on 20-07-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PROGRACE Erpe-Mere | €14,705 | €940 | 49.1% | - |
| Red Chardonnay Avelgem | €14,306 | €281 | 92.0% | - |
| UNITED ABACUS ENTERPRISES & CONSULTING Antwerp | €16,326 | -€5,248 | -66.8% | - |
| MUITERIJ.BE Brakel | €20,447 | -€20,526 | 13.9% | - |
| ILLUMINATO Sint-Niklaas | €9,108 | €631 | 17.3% | - |
| ML Consult Kapellen | €11,961 | €1,257 | -59.0% | - |
| MEYAWORK Hemiksem | €12,082 | -€1,533 | 36.8% | - |
These companies have the same main activity as PROGRACE: agents specialised in the wholesale of other particular products (NACE 46180). They are comparable in size and age: total assets between €9,110 and €20,400, founded between 2019 and 2021.
Official details
Source: KBO- Status
- Active since 16-07-2020Normal situation
- Activity
- Agents specialised in the wholesale of other particular productsNACE 46180and 2 others
- Establishment unit
- 2.304.982.5919420 Erpe-Mere, since 16-07-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- €14,705▼ 44.8%
- Filing
- Filed on 11-07-2026, 20 days before the end of the filing period
Insights on PROGRACE
PROGRACE files the micro format. That format states no turnover. The gross margin fell from €12,532 in 2021 to €940 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PROGRACE
- What is the company number of PROGRACE?
- The company number of PROGRACE is 0750.742.683. The VAT number is the same number with BE in front: BE 0750.742.683.
- Where is PROGRACE based?
- The registered office is at Oudenaardsesteenweg 694, 9420 Erpe-Mere.Company details
- What does PROGRACE do?
- According to the KBO register, the main activity is agents specialised in the wholesale of other particular products (NACE 46180).
- What is the legal form of PROGRACE?
- PROGRACE is a private limited company (BV).
- When was PROGRACE founded?
- PROGRACE was founded on 16-07-2020.
- Is PROGRACE still active?
- Yes, PROGRACE is an active enterprise in the KBO register.
- What is the turnover of PROGRACE?
- The turnover in financial year 2025 is ≈ €8,300. This figure is estimated from the gross margin of €940 and 70 comparable companies (NACE 461). It probably lies between €3,900 and €14,000. It is a rough estimate.Financials
- Is PROGRACE profitable?
- In financial year 2025, PROGRACE made a loss of €2,646.
- Where can I find the annual accounts of PROGRACE?
- PROGRACE filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PROGRACE due?
- PROGRACE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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