PROGREEN
ActiveSummary
PROGREEN has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €145,244 and a net result of €64,703. Equity is growing by ~21.4% per year across the filed fiscal years. Its solvency ranks better than 28% of 9537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+8
Solvency54▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.99 against 0.76 in 2024; short-term debt: 37.4% and cash: 16.8% of total assets), and 70.9% of the assets are financed with debt.
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Signals
Five 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 →
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
29.1%
Return on assets
13%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 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 filingsDeviation from the deadline
2025
45 d late
2024
43 d late
2023
135 d late
2022
129 d late
2021
305 d late
2020
117 d late
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 123 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€145,244▲ 80.3%
2024 · €80,541
Total assets
€499,464▼ 4.4%
2024 · €522,303
Net result
€64,703▲ 95.4%
2024 · €33,110
Working capital
-€1,774▲ 96.8%
2024 · -€54,981
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
Line20212022202320242025
Operating result€17,867▼ 43.8%€15,723▼ 12.0%€33,737▲ 115%€71,185▲ 111%€102,109▲ 43.4%
Net result€2,158▼ 87.0%-€2,301€10,362€33,110▲ 220%€64,703▲ 95.4%
Equity€39,370▲ 5.8%€37,069▼ 5.8%€47,431▲ 28.0%€80,541▲ 69.8%€145,244▲ 80.3%
Total assets€658,723▲ 26.1%€556,994▼ 15.4%€396,204▼ 28.9%€522,303▲ 31.8%€499,464▼ 4.4%
Debt€619,353▲ 27.6%€519,925▼ 16.1%€348,773▼ 32.9%€441,762▲ 26.7%€354,220▼ 19.8%
Working capital-€8,368-€27,254▼ 226%-€42,678▼ 56.6%-€54,981▼ 28.8%-€1,774▲ 96.8%
Staff (FTE)6▲ 15.4%7.3▲ 21.7%6.7▼ 8.2%6.8▲ 1.5%4.3▼ 36.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 43% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €499,464
Fixed assets
€314,680 ▼ 8.9%
Current assets
€184,784 ▲ 4.4%
Equity and liabilities €499,464
Equity
€145,244 ▲ 80.3%
Debt
€354,220 ▼ 19.8%
Debt's share of the balance-sheet total falls from 84.6% to 70.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€132,750▲
2024 · €92,893
Cash flow
€95,343▲
2024 · €54,818
Current ratio
0.99▲
2024 · 0.76
Debt to equity
2.44▼
2024 · 5.48
ROE
44.5%▲
2024 · 41.1%
ROA
13.0%▲
2024 · 6.3%
Interest coverage
13.36▲
2024 · 10.00
Debt ≤ 1 year
€186,558▼
2024 · €231,964
Debt > 1 year
€167,662▼
2024 · €209,798
Income taxes
€29,246▼
2024 · €29,940
Staff costs
€183,930=
2024 · €183,982
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 5,049 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,754 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €198,446 | €202,110 | €232,535 | €183,982 | €183,930 | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,642 | €4,411 | €7,773 | €21,708 | €30,640 | ▲ 41.1% |
| Other operating charges640/8 | €11,244 | €23,145 | €9,857 | €19,632 | €7,921 | ▼ 59.7% |
| Non-recurring operating charges66A | - | €832 | - | - | - | - |
| Gross operating margin9900 | €240,199 | €246,221 | €283,901 | €296,507 | €324,600 | ▲ 9.5% |
| Operating profit (loss)9901 | €17,867 | €15,723 | €33,737 | €71,185 | €102,109 | ▲ 43.4% |
| Financial income75/76B | €3,552 | €560 | €831 | €1,150 | €1,773 | ▲ 54.2% |
| Recurring financial income75 | €3,552 | €560 | €831 | €1,150 | €1,773 | ▲ 54.2% |
| Financial charges65/66B | €8,613 | €9,763 | €10,846 | €9,285 | €9,933 | ▲ 7.0% |
| Recurring financial charges65 | €8,613 | €9,763 | €10,846 | €9,285 | €9,933 | ▲ 7.0% |
| Profit (loss) for the period before taxes9903 | €12,806 | €6,520 | €23,722 | €63,050 | €93,949 | ▲ 49.0% |
| Income taxes67/77 | €10,648 | €8,821 | €13,360 | €29,940 | €29,246 | ▼ 2.3% |
| Profit (loss) for the period9904 | €2,158 | -€2,301 | €10,362 | €33,110 | €64,703 | ▲ 95.4% |
| Profit (loss) for the period to be appropriated9905 | €2,158 | -€2,301 | €10,362 | €33,110 | €64,703 | ▲ 95.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €658,723 | €556,994 | €396,204 | €522,303 | €499,464 | ▼ 4.4% |
| Fixed assets21/28 | €245,385 | €236,274 | €235,262 | €345,320 | €314,680 | ▼ 8.9% |
| Tangible fixed assets22/27 | €243,851 | €234,842 | €233,830 | €343,888 | €313,248 | ▼ 8.9% |
| Land and buildings22 | €232,508 | €230,010 | €226,264 | €223,766 | €221,269 | ▼ 1.1% |
| Plant, machinery and equipment23 | €1,065 | €671 | €6,247 | €7,018 | €4,710 | ▼ 32.9% |
| Furniture and vehicles24 | €10,279 | €4,161 | €1,320 | €55 | €0 | ▼ 100% |
| Leasing and similar rights25 | - | - | - | €113,049 | €87,270 | ▼ 22.8% |
| Financial fixed assets28 | €1,534 | €1,432 | €1,432 | €1,432 | €1,432 | = |
| Current assets29/58 | €413,339 | €320,721 | €160,942 | €176,983 | €184,784 | ▲ 4.4% |
| Stocks and contracts in progress3 | €34,091 | - | - | - | - | - |
| Stocks30/36 | €34,091 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €274,502 | €171,941 | €57,387 | €52,993 | €96,838 | ▲ 82.7% |
| Trade receivables40 | €268,005 | €117,445 | €44,685 | €26,942 | €69,840 | ▲ 159% |
| Other amounts receivable41 | €6,497 | €54,496 | €12,702 | €26,052 | €26,999 | ▲ 3.6% |
| Cash at bank and in hand54/58 | €77,968 | €147,152 | €103,297 | €121,823 | €83,963 | ▼ 31.1% |
| Deferred charges and accrued income490/1 | €26,778 | €1,628 | €259 | €2,166 | €3,983 | ▲ 83.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €658,723 | €556,994 | €396,204 | €522,303 | €499,464 | ▼ 4.4% |
| Equity10/15 | €39,370 | €37,069 | €47,431 | €80,541 | €145,244 | ▲ 80.3% |
| Contributions10/11 | €12,400 | €12,400 | €14,260 | €14,260 | €14,260 | = |
| Reserves13 | €1,860 | €1,860 | - | €30,000 | €60,000 | ▲ 100% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €30,000 | €60,000 | ▲ 100% |
| Profit (loss) carried forward14 | €25,110 | €22,809 | €33,171 | €36,281 | €70,984 | ▲ 95.7% |
| Amounts payable17/49 | €619,353 | €519,925 | €348,773 | €441,762 | €354,220 | ▼ 19.8% |
| Amounts payable after more than one year17 | €197,647 | €171,951 | €145,153 | €209,798 | €167,662 | ▼ 20.1% |
| Financial debts170/4 | €197,647 | €171,951 | €145,153 | €209,798 | €167,662 | ▼ 20.1% |
| Amounts payable within one year42/48 | €421,706 | €347,974 | €203,620 | €231,964 | €186,558 | ▼ 19.6% |
| Current portion of amounts payable after more than one year42 | €31,518 | €27,924 | €17,945 | €41,681 | €44,054 | ▲ 5.7% |
| Trade debts44 | €349,776 | €183,105 | €6,456 | €5,049 | €60,969 | ▲ 1,108% |
| Suppliers440/4 | €349,776 | €183,105 | €6,456 | €5,049 | €60,969 | ▲ 1,108% |
| Advances received on contracts in progress46 | - | €100,317 | €133,714 | €118,486 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €40,412 | €36,629 | €45,504 | €57,044 | €72,894 | ▲ 27.8% |
| Taxes450/3 | €13,648 | €18,574 | €25,331 | €36,848 | €50,577 | ▲ 37.3% |
| Remuneration and social security454/9 | €26,764 | €18,055 | €20,173 | €20,196 | €22,317 | ▲ 10.5% |
| Other amounts payable47/48 | - | - | - | €9,704 | €8,641 | ▼ 11.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,158 | -€2,301 | €10,362 | €33,110 | €64,703 | ▲ 95.4% |
| + Depreciation and write-downs630 | €12,642 | €4,411 | €7,773 | €21,708 | €30,640 | ▲ 41.1% |
| Operating cash flow (approximation) | €14,800 | €2,111 | €18,135 | €54,818 | €95,343 | ▲ 73.9% |
| Investment in fixed assets (approximation) | - | €4,699 | -€6,761 | -€131,766 | €0 | ▲ 100% |
| Change in cash | - | €69,184 | -€43,855 | €18,527 | -€37,860 | ▼ 304% |
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
Next filing, fiscal year 2026, expected by
2026
14-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 45 days late
2025
31-12
Financial
Highest result since 2019net €64,703 ▲95.4%
Operating result €102,109, net result €64,703, both a record.
31-12
Financial
Equity above €100,000Eq €145,244 ▲80.3%
3 profitable years in a row build equity to €145,244.
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 43 days late
2024
13-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 135 days late
2023
31-12
Financial
Back to profitnet €10,362
Net result €10,362 after one loss-making year.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 129 days late
2022
02-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 305 days late
30-06
Financial
Weakest financial yearnet -€2,301
Net result drops to -€2,301, the lowest in the series; recovery starts the following year.
2021
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 117 days late
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Gembloux · 1 establishment unit since 2012
Ground area
3,439 m²
Building footprint
60 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
PROGREEN
since 20122.216.737.832
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92056A0233/00K000 | Wallonia | 3,135 m² | - | - |
| 25744C0055/00B000 | Wallonia | 304 m² | 1 · 60 m² | - |
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.
Similar companies · same sector, comparable size
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TUINEN DE MULLIER
BE 0715.759.832
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LINIUS ONTWERP
BE 0811.411.631
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Of 2,262 companies in sector 71113 we hold annual accounts for 658. 532 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
Founded15-12-2011
Fiscal year end31-12
Activities, NACEBEL 2025
71113Urban planning and landscape architecture
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0841873292
Also
9925:BE0841873292
Registered
21-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.