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Progress

Active
Private limited companyfounded 198541 yrs activeWezepoelstraat 124, 9240 Zele, BelgiumKBO/BCE: BE 0427.529.874

Progress has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €260k and a net result of €-6k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 95% of 1394 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
60 / 100
Healthy= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 65.36 against 62.02 in 2024), and 1.5% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.
lowers riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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 date
Age against the risk zone
elevated failure risk from 2 to 8 years 41 years 0 50 y
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
7 d late
2023
91 d late
2022
23 d late
2021
31 d late
2020
17 d late
2019
55 d late
← before the deadline after the deadline →
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 months
Position in the running window
12-09-2026 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

Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-6k▲ 8.3%
2024 · €-6k
2018: €-485 2019: €-244 2020: €-3k 2021: €-2k 2022: €-6k 2023: €-8k 2024: €-6k
2018 → 2025
Working capital
€254k▼ 1.3%
2024 · €257k
2018: €266k 2019: €268k 2020: €269k 2021: €269k 2022: €266k 2023: €261k 2024: €257k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€285k-€280k▼ 2.0%€272k▼ 2.8%€265k▼ 2.3%€260k▼ 2.2%
Operating result€-2k-€-6k▼ 147%€-8k▼ 38.7%€-6k▲ 17.7%€-6k▲ 8.8%
Net result€-2k-€-6k▼ 143%€-8k▼ 38.1%€-6k▲ 17.5%€-6k▲ 8.3%
Result per fiscal year
Operating resultNet result
€-8k€-6k€-4k€-2k€0Operating result 2021: €-2k€-2kNet result 2021: €-2k€-2kOperating result 2022: €-6k€-6kNet result 2022: €-6k€-6kOperating result 2023: €-8k€-8kNet result 2023: €-8k€-8kOperating result 2024: €-6k€-6kNet result 2024: €-6k€-6kOperating result 2025: €-6k€-6kNet result 2025: €-6k€-6k20212022202320242025
The operating result stays negative: a loss of €6k in 2025 against €6k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €264k
Fixed assets €6k▼ 31.0%
Current assets €258k▼ 1.3%
Equity and liabilities €264k
Equity €260k▼ 2.2%
Debt €4k▼ 6.4%
The debt ratio falls from 1.6% to 1.5%: debt falls faster than equity shrinks.
Key figures and ratios
2025 value · change against 2024
EBITDA
€-3k
2024 · €-4k
Cash flow
€-3k
2024 · €-4k
Solvency
98.5%
2024 · 98.4%
Current ratio
65.36
2024 · 62.02
Quick ratio
65.36
2024 · 62.02
Debt / equity
0.02
2024 · 0.02
ROE
-2.3%
2024 · -2.4%
ROA
-2.2%
2024 · -2.4%
Interest coverage
-34.90
2024 · -61.67
Debt
€4k
2024 · €4k
Debt ≤ 1 year
€4k
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€270k€264k
Fixed assets21/28€8k€6k
Tangible fixed assets22/27€8k€6k
Land and buildings22€8k€6k
Current assets29/58€261k€258k
Amounts receivable after more than one year29€141k€141k=
Other amounts receivable291€141k€141k=
Amounts receivable within one year40/41€45k€45k
Trade receivables40€43k€43k=
Other amounts receivable41€2k€1k
Cash at bank and in hand54/58€13k€10k
Deferred charges and accrued income490/1€62k€62k=
Equity and liabilities
Total equity and liabilities10/49€270k€264k
Equity10/15€265k€260k
Contributions10/11€20k€20k=
Capital10€20k€20k=
Issued capital100€20k€20k=
Reserves13€35k€35k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Tax-exempt reserves132€2k€2k=
Distributable reserves133€31k€31k=
Profit (loss) carried forward14€211k€205k
Amounts payable17/49€4k€4k
Amounts payable within one year42/48€4k€4k
Other amounts payable47/48€4k€4k
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Other operating charges640/8€2k€2k
Gross operating margin9900€-2k€-2k
Operating profit (loss)9901€-6k€-6k
Financial charges65/66B€60€90
Recurring financial charges65€60€90
Non-recurring financial charges66B-€90
Profit (loss) for the period before taxes9903€-6k€-6k
Profit (loss) for the period9904€-6k€-6k
Profit (loss) for the period to be appropriated9905€-6k€-6k
Appropriation of the result
Profit (loss) to be appropriated9906€211k€205k
Profit (loss) brought forward from the previous period14P€217k€211k

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
26-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 26 days late
2025
07-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
30-10
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 91 days late
2023
31-12
Financial Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
23-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
17-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 17 days late
2020
24-09
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 55 days late
2019
21-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 21 days late
2018
07-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 7 days late
2017
16-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
2 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, Zele · 1 establishment unit since 1985
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Wezepoelstraat 1249240 Zele
Ground area
2,522 m²
Building footprint
216 m²
Volume, LiDAR
1,276 m³
Parcel 42403E0579/00N000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Wezepoelstraat 124, 9240 Zele
NACE 72300
since 19852.027.379.479
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42403E0579/00N000 Flanders 2,522 m² 1 · 216 m² 9.2 m · 2 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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

Of 16,807 companies in sector 62100 we hold annual accounts for 8,747. 6,309 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded24-06-1985
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
72220
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers

Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.