Progress
ActiveSummary
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).
Overview
- Equity
- €259,575
- Loss
- -€5,852
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
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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
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)
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · abbreviated…
Financials · financial year 2025, full format
2025 annual accounts filed late (26 days) Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00437733.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €5,762 in 2025 against €6,321 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 12,322 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,621 | €2,621 | €2,621 | €2,621 | €2,621 | €2,621 | €2,621 | €2,621 | = |
| Other operating charges640/8 | - | - | - | €1,411 | €1,081 | €1,578 | €2,054 | €1,580 | ▼ 23.1% |
| Gross operating margin9900 | €3,517 | €3,767 | €1,449 | €1,795 | -€1,831 | -€3,478 | -€1,646 | -€1,561 | ▲ 5.2% |
| Operating profit (loss)9901 | -€420 | -€185 | -€2,541 | -€2,237 | -€5,533 | -€7,677 | -€6,321 | -€5,762 | ▲ 8.8% |
| Financial charges65/66B | - | - | - | €70 | €70 | €60 | €60 | €90 | ▲ 50.0% |
| Recurring financial charges65 | €65 | €59 | €70 | €70 | €70 | €60 | €60 | €90 | ▲ 50.0% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €90 | - |
| Profit (loss) for the period before taxes9903 | -€485 | -€244 | -€2,611 | -€2,307 | -€5,603 | -€7,737 | -€6,381 | -€5,852 | ▲ 8.3% |
| Income taxes67/77 | - | €0 | €0 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€485 | -€244 | -€2,611 | -€2,307 | -€5,603 | -€7,737 | -€6,381 | -€5,852 | ▲ 8.3% |
| Profit (loss) for the period to be appropriated9905 | -€485 | -€244 | -€2,611 | -€2,307 | -€5,603 | -€7,737 | -€6,381 | -€5,852 | ▲ 8.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €294,245 | €294,348 | €291,384 | €289,400 | €283,890 | €276,151 | €269,639 | €263,518 | ▼ 2.3% |
| Fixed assets21/28 | €24,188 | €21,568 | €18,947 | €16,326 | €13,705 | €11,084 | €8,464 | €5,843 | ▼ 31.0% |
| Tangible fixed assets22/27 | €24,188 | €21,568 | €18,947 | €16,326 | €13,705 | €11,084 | €8,464 | €5,843 | ▼ 31.0% |
| Land and buildings22 | - | - | - | €16,326 | €13,705 | €11,084 | €8,464 | €5,843 | ▼ 31.0% |
| Current assets29/58 | €270,056 | €272,780 | €272,437 | €273,074 | €270,185 | €265,067 | €261,175 | €257,675 | ▼ 1.3% |
| Amounts receivable after more than one year29 | - | - | - | €140,902 | €140,902 | €140,902 | €140,902 | €140,902 | = |
| Other amounts receivable291 | - | - | - | €140,902 | €140,902 | €140,902 | €140,902 | €140,902 | = |
| Amounts receivable within one year40/41 | €23,602 | €32,390 | €38,853 | €44,243 | €44,671 | €44,723 | €45,217 | €44,617 | ▼ 1.3% |
| Trade receivables40 | - | - | - | €43,391 | €43,391 | €43,391 | €43,391 | €43,391 | = |
| Other amounts receivable41 | - | - | - | €852 | €1,280 | €1,332 | €1,826 | €1,226 | ▼ 32.9% |
| Current investments50/53 | €668 | €668 | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €40,398 | €34,573 | €30,435 | €25,682 | €22,365 | €17,166 | €12,781 | €9,880 | ▼ 22.7% |
| Deferred charges and accrued income490/1 | - | - | - | €62,247 | €62,247 | €62,275 | €62,275 | €62,275 | = |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €294,245 | €294,348 | €291,384 | €289,400 | €283,890 | €276,151 | €269,639 | €263,518 | ▼ 2.3% |
| Equity10/15 | €290,310 | €290,066 | €287,455 | €285,148 | €279,545 | €271,809 | €265,428 | €259,575 | ▼ 2.2% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | - | - | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Issued capital100 | - | - | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €34,791 | €34,791 | €34,791 | €34,791 | €34,791 | €34,791 | €34,791 | €34,791 | = |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Legal reserve130 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Tax-exempt reserves132 | - | - | - | €1,785 | €1,785 | €1,785 | €1,785 | €1,785 | = |
| Distributable reserves133 | - | - | - | €31,006 | €31,006 | €31,006 | €31,006 | €31,006 | = |
| Profit (loss) carried forward14 | €235,519 | €235,275 | €232,664 | €230,357 | €224,754 | €217,018 | €210,637 | €204,785 | ▼ 2.8% |
| Amounts payable17/49 | €3,935 | €4,282 | €3,929 | €4,252 | €4,345 | €4,343 | €4,211 | €3,942 | ▼ 6.4% |
| Amounts payable within one year42/48 | €3,935 | €4,282 | €3,929 | €4,252 | €4,345 | €4,343 | €4,211 | €3,942 | ▼ 6.4% |
| Trade debts44 | - | - | €47 | €64 | - | - | - | - | - |
| Suppliers440/4 | - | - | - | €64 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €4,187 | €4,345 | €4,343 | €4,211 | €3,942 | ▼ 6.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€485 | -€244 | -€2,611 | -€2,307 | -€5,603 | -€7,737 | -€6,381 | -€5,852 | ▲ 8.3% |
| + Depreciation and write-downs630 | €2,621 | €2,621 | €2,621 | €2,621 | €2,621 | €2,621 | €2,621 | €2,621 | = |
| Operating cash flow (approximation) | €2,136 | €2,377 | €10 | €314 | -€2,982 | -€5,116 | -€3,760 | -€3,231 | ▲ 14.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€5,825 | -€4,137 | -€4,754 | -€3,316 | -€5,199 | -€4,386 | -€2,900 | ▲ 33.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 40 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 26-08-2026 | 2026-00437733 |
| 31-12-2024 | micro format | 07-08-2025 | 2025-00364435 |
| 31-12-2023 | abbreviated format | 30-10-2024 | 2024-00531049 |
| 31-12-2022 | micro format | 23-08-2023 | 2023-00345044 |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20411012 |
| 31-12-2020 | abbreviated format | 17-08-2021 | 2021-49300192 |
| 31-12-2019 | abbreviated format | 24-09-2020 | 2020-55600094 |
| 31-12-2018 | abbreviated format | 21-08-2019 | 2019-48700165 |
| 31-12-2017 | abbreviated format | 07-08-2018 | 2018-44100374 |
| 31-12-2016 | abbreviated format | 16-08-2017 | 2017-44000592 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Chrétien Van Haute |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
18-01
Gazette deed
Appointment: Chrétien Van Haute (director)Resignation: Chrétien Van Haute (manager) · Amendment of the articles · Capital conversion9 facts ▸
- General meeting, 21-12-2023
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffen, middelen beschikbaar voor uitkering” (deed in Dutch)
- Capital
- Director appointment, Chrétien Van Haute (director (not named in the articles))
- Registered office clause, “9240 Zele,Wezepoelstraat 124” (deed in Dutch)
- Power of attorney
- Director resignation, Chrétien Van Haute (manager)
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42403E0579/00N000 | Flanders | 2,522 m² | 1 · 216 m² | 9.2 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het verlenen van advies en bijstand inzake inplanting en uitwerking van organisatie-,beheers-en controletechnieken; Dit alles in de meest…” (deed in Dutch)
5 activities (deed in Dutch)
- Het verlenen van advies en bijstand inzake inplanting en uitwerking van organisatie-,beheers-en controletechnieken.
- Dit alles in de meest ruime zin.
- De vennootschap handelt voor eigen rekening,in consignatie,in commissie,als tussenpersoon of als vertegenwoordiger.
- Zij mag deelnemen in alle ondernemingen die een gelijkaardig voorwerp nastreven,ook aanverwant,of die de verwezenlijking van het voorwerp vergemakkelijken,zelfs door middel van inbreng,fusie of inschrijving.
- In de algemene regel mag de vennootschap alle daden stellen van burgerlijke als commerciële aard,roerende,onroerende,industriële of onrechtstreeks,geheel of gedeeltelijk in verband staand met het voorwerp.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Progress
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of buitenland bij enkel besluit…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen,al dan niet aandeelhouder, 1” (deed in Dutch)“Bedrag vaste of evenredige vergoeding, algemene kosten,los van representatie-,reis- en verplaatsingskosten” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Ten minste vijftien dagen te rekenen van dag openstelling intekening, nieuwe aandelen waarop in geld wordt ingeschreven eerst aangeboden aan…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of April at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, ontbinding” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Vereffenaars, indien geen andere vereffenaar benoemd” (deed in Dutch)