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 €145k and a net result of €65k. Equity is growing by ~21.4% per year across the filed fiscal years. Its solvency ranks better than 28% of 9494 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 €11k 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.
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○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 →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€145k▲ 80.3%
2024 · €81k
Total assets
€499k▼ 4.4%
2024 · €522k
Net result
€65k▲ 95.4%
2024 · €33k
Working capital
€-2k▲ 96.8%
2024 · €-55k
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€18k▼ 43.8%€16k▼ 12.0%€34k▲ 115%€71k▲ 111%€102k▲ 43.4%
Net result€2k▼ 87.0%€-2k€10k€33k▲ 220%€65k▲ 95.4%
Equity€39k▲ 5.8%€37k▼ 5.8%€47k▲ 28.0%€81k▲ 69.8%€145k▲ 80.3%
Total assets€659k▲ 26.1%€557k▼ 15.4%€396k▼ 28.9%€522k▲ 31.8%€499k▼ 4.4%
Debt€619k▲ 27.6%€520k▼ 16.1%€349k▼ 32.9%€442k▲ 26.7%€354k▼ 19.8%
Working capital€-8k€-27k▼ 226%€-43k▼ 56.6%€-55k▼ 28.8%€-2k▲ 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 €499k
Fixed assets
€315k ▼ 8.9%
Current assets
€185k ▲ 4.4%
Equity and liabilities €499k
Equity
€145k ▲ 80.3%
Debt
€354k ▼ 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
€133k▲
2024 · €93k
Cash flow
€95k▲
2024 · €55k
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
€187k▼
2024 · €232k
Debt > 1 year
€168k▼
2024 · €210k
Income taxes
€29k▼
2024 · €30k
Staff costs
€184k=
2024 · €184k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €4k | - | - | - | - | - |
| Remuneration, social security and pensions62 | €198k | €202k | €233k | €184k | €184k | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €4k | €8k | €22k | €31k | ▲ 41.1% |
| Other operating charges640/8 | €11k | €23k | €10k | €20k | €8k | ▼ 59.7% |
| Non-recurring operating charges66A | - | €832 | - | - | - | - |
| Gross operating margin9900 | €240k | €246k | €284k | €297k | €325k | ▲ 9.5% |
| Operating profit (loss)9901 | €18k | €16k | €34k | €71k | €102k | ▲ 43.4% |
| Financial income75/76B | €4k | €560 | €831 | €1k | €2k | ▲ 54.2% |
| Recurring financial income75 | €4k | €560 | €831 | €1k | €2k | ▲ 54.2% |
| Financial charges65/66B | €9k | €10k | €11k | €9k | €10k | ▲ 7.0% |
| Recurring financial charges65 | €9k | €10k | €11k | €9k | €10k | ▲ 7.0% |
| Profit (loss) for the period before taxes9903 | €13k | €7k | €24k | €63k | €94k | ▲ 49.0% |
| Income taxes67/77 | €11k | €9k | €13k | €30k | €29k | ▼ 2.3% |
| Profit (loss) for the period9904 | €2k | €-2k | €10k | €33k | €65k | ▲ 95.4% |
| Profit (loss) for the period to be appropriated9905 | €2k | €-2k | €10k | €33k | €65k | ▲ 95.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €659k | €557k | €396k | €522k | €499k | ▼ 4.4% |
| Fixed assets21/28 | €245k | €236k | €235k | €345k | €315k | ▼ 8.9% |
| Tangible fixed assets22/27 | €244k | €235k | €234k | €344k | €313k | ▼ 8.9% |
| Land and buildings22 | €233k | €230k | €226k | €224k | €221k | ▼ 1.1% |
| Plant, machinery and equipment23 | €1k | €671 | €6k | €7k | €5k | ▼ 32.9% |
| Furniture and vehicles24 | €10k | €4k | €1k | €55 | €0 | ▼ 100% |
| Leasing and similar rights25 | - | - | - | €113k | €87k | ▼ 22.8% |
| Financial fixed assets28 | €2k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €413k | €321k | €161k | €177k | €185k | ▲ 4.4% |
| Stocks and contracts in progress3 | €34k | - | - | - | - | - |
| Stocks30/36 | €34k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €275k | €172k | €57k | €53k | €97k | ▲ 82.7% |
| Trade receivables40 | €268k | €117k | €45k | €27k | €70k | ▲ 159% |
| Other amounts receivable41 | €6k | €54k | €13k | €26k | €27k | ▲ 3.6% |
| Cash at bank and in hand54/58 | €78k | €147k | €103k | €122k | €84k | ▼ 31.1% |
| Deferred charges and accrued income490/1 | €27k | €2k | €259 | €2k | €4k | ▲ 83.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €659k | €557k | €396k | €522k | €499k | ▼ 4.4% |
| Equity10/15 | €39k | €37k | €47k | €81k | €145k | ▲ 80.3% |
| Contributions10/11 | €12k | €12k | €14k | €14k | €14k | = |
| Reserves13 | €2k | €2k | - | €30k | €60k | ▲ 100% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | - | €30k | €60k | ▲ 100% |
| Profit (loss) carried forward14 | €25k | €23k | €33k | €36k | €71k | ▲ 95.7% |
| Amounts payable17/49 | €619k | €520k | €349k | €442k | €354k | ▼ 19.8% |
| Amounts payable after more than one year17 | €198k | €172k | €145k | €210k | €168k | ▼ 20.1% |
| Financial debts170/4 | €198k | €172k | €145k | €210k | €168k | ▼ 20.1% |
| Amounts payable within one year42/48 | €422k | €348k | €204k | €232k | €187k | ▼ 19.6% |
| Current portion of amounts payable after more than one year42 | €32k | €28k | €18k | €42k | €44k | ▲ 5.7% |
| Trade debts44 | €350k | €183k | €6k | €5k | €61k | ▲ 1,108% |
| Suppliers440/4 | €350k | €183k | €6k | €5k | €61k | ▲ 1,108% |
| Advances received on contracts in progress46 | - | €100k | €134k | €118k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €40k | €37k | €46k | €57k | €73k | ▲ 27.8% |
| Taxes450/3 | €14k | €19k | €25k | €37k | €51k | ▲ 37.3% |
| Remuneration and social security454/9 | €27k | €18k | €20k | €20k | €22k | ▲ 10.5% |
| Other amounts payable47/48 | - | - | - | €10k | €9k | ▼ 11.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €-2k | €10k | €33k | €65k | ▲ 95.4% |
| + Depreciation and write-downs630 | €13k | €4k | €8k | €22k | €31k | ▲ 41.1% |
| Operating cash flow (approximation) | €15k | €2k | €18k | €55k | €95k | ▲ 73.9% |
| Investment in fixed assets (approximation) | - | €5k | €-7k | €-132k | €0 | ▲ 100% |
| Change in cash | - | €69k | €-44k | €19k | €-38k | ▼ 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 €65k ▲95.4%
Operating result €102k, net result €65k, both a record.
31-12
Financial
Equity above €100kEq €145k ▲80.3%
3 profitable years in a row build equity to €145k.
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 €10k
Net result €10k 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 €-2k
Net result drops to €-2k, 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
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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
Scores and ratios are computed by Checked and are not a credit decision.