Progress

Active

Private limited companyfounded 1985active for 41 yearsWezepoelstraat 124, 9240 Zele, BelgiumKBO/BCE: BE 0427.529.874

Summary

Progress has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €259,575 and a net result of -€5,852. Equity remains stable across the filed financial years (±1.8% per year). Its solvency ranks better than 95% of 1,677 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

ProgressActiveChecked score 92/100

Risk analysis Report Compare

Activity

Computer programming

NACE 62100

2nd oldest company in Zele, Telecoms and IT sector1 site

Size

€263,518total assets 2025

Equity: €259,575
Loss: -€5,852

Financial health

92 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

Chrétien Van HauteDirector

2025 accounts filed 26 days late1 of 2 deeds summarised

Why 92raises riskLast filed accounts filed 26 days late; 1 of the last 3 latelowers riskFounded in 1985Sector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €263,518Show the evidence

Checked score

Score 2025

92 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 43% of its sector peers (NACE 62, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 100=

equity 98.5% of total assets

Liquidity 55-1

short-term debt 1.5% · cash 3.7%

Profitability 16=

return on assets -2.2%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (25,887 companies, NACE 62, micro)

Last 24 months 11-2024: 0.3% 12-2024: 0.2%▼ -0.1 percentage points vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025highest value 09-2025: 0.1%▼ -0.2 percentage points vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026lowest value 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026 09-2026: 0.1%▼ -0.1 percentage points vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026

Credit of up to €23,000 on 30-day terms is acceptable

Liquidity ample (current ratio 65.36, compared with 62.02 in 2024, above the usual 1.5; short-term debt: 1.5% and cash: 3.7% of total assets), and 1.5% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 62, micro): better than 85% on solvency, 36% on liquidity, 14% on profitability and 37% on growth.

The bankruptcy probability was computed on 27-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises risk

Last filed accounts filed 26 days late; 1 of the last 3 late

NBB · filings

Founded in 1985

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Sector: Computer programming, consultancy and related activities (NACE 62)

KBO

Size: total assets €263,518

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

2025 accounts filed 26 days late

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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 10 filings

Deviation from the deadline

2025

26 days late

2024

7 days late

2023

91 days late

2022

23 days late

2021

31 days late

2020

17 days late

2019

55 days 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 36 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)

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 26 August (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

28-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

26-08-2026 Annual accounts filedfinancial year 2025 · full…
07-08-2025 Annual accounts filedfinancial year 2024 · micro…
30-10-2024 Annual accounts filedfinancial year 2023 · abbreviated…

Key points

Risk: 8 loss-making years in a rowloss financial year 2025 -€5,852 View
Positive: Among the best 5% on solvencysector median 39.3% · 1,677 companies 98.5% View
Active since 1985founded 24-06-1985 41 years View

By topic

Financials

Financial year: 2025
Total assets: €263,518
Loss: -€5,852
Solvency: 98.5%

Total assets▼ 2.3%

Net result

20182025

Go to Financials

Board & ownership

Board: 1 member

Chrétien Van HauteDirector

Go to Board & ownership

Timeline

Events: 42
Since: 1987
Next accounts: by 31-07-2027

18-01-2024Appointment: Chrétien Van Haute (director)
31-12-2023Weakest financial year
23-08-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Computer programmingNACE 62100
Founded: 24-06-1985
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 26

Who signs: Each director alone
Annual meeting: Last Friday of April at 19:00
Purpose: “Het verlenen van advies en bijstand inzake inplanting en uitwerking van…” (deed in Dutch)

Go to Articles of association

Key facts about Progress

What is the company number of Progress?: 0427.529.874. In Belgium the VAT number is the company number with BE in front: BE 0427.529.874.
Where is Progress based?: The registered office is at Wezepoelstraat 124, 9240 Zele.Company details
What does Progress do?: According to the KBO register, the main activity is computer programming (NACE 62100).
What is the legal form of Progress?: Private limited company (BV).
When was Progress founded?: On 24-06-1985.
Is Progress still active?: Yes, Progress is an active enterprise in the KBO register.
What is the turnover of Progress?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is Progress profitable?: In financial year 2025, Progress made a loss of €5,852.
Where can I find the annual accounts of Progress?: Progress filed 40 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Progress due?: By 31-07-2027, for financial year 2026.Timeline