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Progress

Active
Private limited companyfounded 2010active for 16 yearsMolenbergstraat 44, 2300 Turnhout, BelgiumKBO/BCE: BE 0829.949.717

The file of Progress contains 2 judicial reorganisation notices, as published in the Belgian Official Gazette.

Summary

The annual accounts of Progress for financial year 2024 show a net loss of 74% of the equity at the start of that year. The computed 12-month bankruptcy probability is at least 25% (high). The 2024 annual accounts show equity of €55,359 and a net result of -€158,136. Equity remains stable across the filed financial years (±0.7% per year). Its solvency ranks better than 16% of 2,072 sector peers (NACE 41, financial year 2024).

Overview

Activity
General construction of residential buildings
NACE 41001
1 site
Size
≈ €340,000turnover 2024, estimated
Staff
3.5 FTE
Equity
€55,359
Loss
-€158,136
Turnover estimated from the gross margin
Financial health
8 Critical Checked score 2024
Bankruptcy probabilitywithin 12 months
≥ 25%
Structure
2025 accounts not filed, 89 days past the deadline2 of 5 deeds summarised
Why 8raises riskReorganisation plan being carried out (approved, Gazette 02-02-2026)Loss of €158,136, the second in a row (financial year 2024)1 financial year not filed after the legal deadline; last filed accounts filed 27 days late; 2 of the last 3 late2 warning signals in 24 months (reorganisation 2)Show the evidence

Checked score

Score 2024
8 / 100
Critical
Probability in this band: over 15.0%
Financially better than 9% of its sector peers (NACE 41, micro)
Financial strength · tick = 2023
Weak
Solvency 33-16
equity 8.2% of total assets
Liquidity 4-9
short-term debt 86.0% · cash 1.2%
Profitability 0-29
return on assets -23.5%
Bankruptcy probability, 12 months
≥ 25% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 3 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,446 companies, NACE 41, micro)
Last 24 months 11-2024: 1.7% 12-2024: 1.7%● unchanged vs 11-2024 01-2025: 1.7%● unchanged vs 12-2024 02-2025: 1.7%● unchanged vs 01-2025 03-2025: 1.7%● unchanged vs 02-2025 04-2025: 1.7%● unchanged vs 03-2025 05-2025: 1.7%● unchanged vs 04-2025lowest value 06-2025: 2.0%▲ +0.3 percentage points vs 05-2025 07-2025: 2.1%▲ +0.1 percentage points vs 06-2025 08-2025: 2.5%▲ +0.4 percentage points vs 07-2025 09-2025: 5.1%▲ +2.6 percentage points vs 08-2025 10-2025: 5.1%● unchanged vs 09-2025 03-2026: ≥ 25% 04-2026: ≥ 25%● unchanged vs 03-2026 05-2026: ≥ 25%● unchanged vs 04-2026 06-2026: ≥ 25%● unchanged vs 05-2026 07-2026: ≥ 25%● unchanged vs 06-2026 08-2026: ≥ 25%● unchanged vs 07-2026 09-2026: ≥ 25%● unchanged vs 08-2026 10-2026: ≥ 25%● unchanged vs 09-2026highest value
No credit on open account
Liquidity tight (current ratio 1.16, compared with 1.32 in 2023, below the usual 1.5; short-term debt: 86% and cash: 1.2% of total assets), and 91.8% 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 41, micro): better than 17% on solvency, 6% on liquidity, 5% on profitability and 7% on growth.

The bankruptcy probability was computed on 28-10-2026 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).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Eight signals.
raises risk
raises risk · Reorganisation plan being carried out (approved, Gazette 02-02-2026)
Belgian Official Gazette
raises risk · Loss of €158,136, the second in a row (financial year 2024)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 27 days late; 2 of the last 3 late
NBB · filings
raises risk · 2 warning signals in 24 months (reorganisation 2)
Belgian Official Gazette
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€158,136
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 2072 sector peers (2024).
NBB · sector comparison
Position among 2072 sector peers
Solvency
better than 16%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 89 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline28-10-2026 today
raises risk · 2024 accounts filed 27 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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
not filed
2024
27 days late
2023
54 days late
2022
60 days late
2021
31 days late
2020
110 days late
2019
105 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 65 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Liliya MEDOVA (director)Director discharge
  2. Plan homologationEnterprise Court of Antwerp ·…
  3. OpeningEnterprise Court of Antwerp ·…

Financials · financial year 2024, abbreviated format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 28 October 2026.

Turnover
≈ €340,000
Estimated: probably between €250,000 and €530,000
Total assets
€673,072▼ 24.7%
2023 · €894,437
Net result
-€158,136▼ 2,853%
2023 · -€5,355
Working capital
€92,616▼ 56.6%
2023 · €213,567
Trend over the years

2020 to 2024, 5 financial years 2018 to 2024, 7 financial years

The operating result turns negative in 2024: a loss of €107,789 after €17,926 in 2023, the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€107,789 2024 Net result-€158,136 2024

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: 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), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021202220232024
Operating result€63,610-€55,589▼ 12.6%€68,269▲ 22.8%€52,910▼ 22.5%€32,802▼ 38.0%€17,926▼ 45.4%-€107,789
Net result€30,950-€38,603▲ 24.7%€48,637above the sector's middle half▲ 26.0%€39,087within the sector's middle half▼ 19.6%€15,408within the sector's middle half▼ 60.6%-€5,355below the sector's middle half-€158,136below the sector's middle half▼ 2,853%
Equity€159,249-€193,351▲ 21.4%€221,988above the sector's middle half▲ 14.8%€261,075within the sector's middle half▲ 17.6%€218,850within the sector's middle half▼ 16.2%€213,495within the sector's middle half▼ 2.4%€55,359below the sector's middle half▼ 74.1%
Total assets€268,967-€454,264▲ 68.9%€579,597above the sector's middle half▲ 27.6%€390,973below the sector's middle half▼ 32.5%€775,695within the sector's middle half▲ 98.4%€894,437within the sector's middle half▲ 15.3%€673,072within the sector's middle half▼ 24.7%
Debt€109,718-€260,913▲ 138%€357,609▲ 37.1%€129,898▼ 63.7%€556,845▲ 329%€680,942▲ 22.3%€617,713▼ 9.3%
Working capital€157,914-€161,581▲ 2.3%€196,389above the sector's middle half▲ 21.5%€239,688within the sector's middle half▲ 22.0%€205,309within the sector's middle half▼ 14.3%€213,567within the sector's middle half▲ 4.0%€92,616within the sector's middle half▼ 56.6%
Solvency59.2%-42.6%▼ 16.6pp38.3%within the sector's middle half▼ 4.3pp66.8%above the sector's middle half▲ 28.5pp28.2%within the sector's middle half▼ 38.6pp23.9%within the sector's middle half▼ 4.3pp8.2%below the sector's middle half▼ 15.6pp
Current ratio2.45-1.68▼ 0.771.57within the sector's middle half▼ 0.112.95above the sector's middle half▲ 1.381.37within the sector's middle half▼ 1.581.32within the sector's middle half▼ 0.061.16within the sector's middle half▼ 0.16
Return on assets (ROA)11.5%-8.5%▼ 3.0pp8.4%within the sector's middle half▼ 0.1pp10.0%within the sector's middle half▲ 1.6pp2.0%within the sector's middle half▼ 8.0pp-0.6%below the sector's middle half▼ 2.6pp-23.5%below the sector's middle half▼ 22.9pp
Staff (FTE)0.3below the sector's middle half2.2within the sector's middle half▲ 633%3.5within the sector's middle half▲ 59.1%
above within below the middle half of NACE 41, Construction of residential and non-residential buildings: 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.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €673,072
Fixed assets €1,723 ▼ 63.3%
Current assets €671,349 ▼ 24.5%
Equity and liabilities €673,072
Equity €55,359 ▼ 74.1%
Debt €617,713 ▼ 9.3%
Debt's share of the balance-sheet total rises from 76.1% to 91.8%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€103,315▼
2023 · €32,215
Cash flow
-€153,662▼
2023 · €8,933
Quick ratio
0.31▲
2023 · 0.21
Debt to equity
11.16▲
2023 · 3.19
ROE
-285.7%▼
2023 · -2.5%
Interest coverage
-2.08▼
2023 · 1.32
Debt ≤ 1 year
€578,733▼
2023 · €676,173
Debt > 1 year
€32,480▲
2023 · €0
Income taxes
€1,229▲
2023 · €412
Staff costs
€177,388▲
2023 · €113,996
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 642 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 89.9% are still going.

  • Micro
  • 10 to 20 years old
  • solvency under 10%
  • a loss of 10% of the balance sheet or more
3.6% went bankrupt
5.5% stopped otherwise
89.9% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: ≥ 25% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 642 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 60 lines
Balance sheet Code20232024
Assets
Total assets20/58€894,437€673,072▼
Fixed assets21/28€4,697€1,723▼
Tangible fixed assets22/27€4,487€1,513▼
Plant, machinery and equipment23€1,475€1,325▼
Furniture and vehicles24€2,017€188▼
Leasing and similar rights25€995€0▼
Financial fixed assets28€210€210=
Current assets29/58€889,740€671,349▼
Stocks and contracts in progress3€746,318€492,838▼
Stocks30/36€335,400€220,917▼
Contracts in progress37€410,918€271,921▼
Amounts receivable within one year40/41€112,773€167,573▲
Trade receivables40€89,799€124,882▲
Other amounts receivable41€22,974€42,690▲
Cash at bank and in hand54/58€27,854€8,361▼
Deferred charges and accrued income490/1€2,796€2,577▼
Equity and liabilities
Total equity and liabilities10/49€894,437€673,072▼
Equity10/15€213,495€55,359▼
Contributions10/11€12,400€12,400=
Reserves13€201,095€185,034▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€13,149€13,149=
Distributable reserves133€187,945€171,884▼
Profit (loss) carried forward14€0-€142,075▼
Amounts payable17/49€680,942€617,713▼
Amounts payable after more than one year17€0€32,480▲
Financial debts170/4€0€32,480▲
Amounts payable within one year42/48€676,173€578,733▼
Current portion of amounts payable after more than one year42€2,393€12,387▲
Financial debts43€516,577€353,922▼
Credit institutions430/8€516,577€353,922▼
Trade debts44€118,729€192,044▲
Suppliers440/4€118,729€192,044▲
Taxes, remuneration and social security45€17,522€20,380▲
Taxes450/3€11,684€0▼
Remuneration and social security454/9€5,838€20,380▲
Other amounts payable47/48€20,952€0▼
Accrued charges and deferred income492/3€4,769€6,500▲
Income statement Code20232024
Remuneration, social security and pensions62€113,996€177,388▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,288€4,474▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2,607-€10,726▼
Other operating charges640/8€11,857€26,144▲
Gross operating margin9900€160,674€89,491▼
Operating profit (loss)9901€17,926-€107,789▼
Financial income75/76B€1,623€562▼
Recurring financial income75€1,623€562▼
Financial charges65/66B€24,493€49,679▲
Recurring financial charges65€24,493€49,679▲
Profit (loss) for the period before taxes9903-€4,943-€156,906▼
Income taxes67/77€412€1,229▲
Profit (loss) for the period9904-€5,355-€158,136▼
Profit (loss) for the period to be appropriated9905-€5,355-€158,136▼
Appropriation of the result
Profit (loss) to be appropriated9906-€5,355-€158,136▼
Transfer from equity791/2€5,355€16,061▲
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance sheet
Average headcount (FTE)90872.23.5▲

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021202220232024Change
Remuneration, social security and pensions62----€13,498€113,996€177,388▲ 55.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,046€13,989€13,989€13,669€10,707€14,288€4,474▼ 68.7%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€0€12,678€2,607-€10,726-
Other operating charges640/8---€4,908€22,152€11,857€26,144▲ 120%
Gross operating margin9900€80,837€76,364€96,604€71,487€91,836€160,674€89,491▼ 44.3%
Operating profit (loss)9901€63,610€55,589€68,269€52,910€32,802€17,926-€107,789-
Financial income75/76B---€4,614€1,064€1,623€562▼ 65.4%
Recurring financial income75€2,946€1,853€3,086€4,614€1,064€1,623€562▼ 65.4%
Financial charges65/66B---€2,783€10,963€24,493€49,679▲ 103%
Recurring financial charges65€1,227€2,302€3,148€2,783€10,963€24,493€49,679▲ 103%
Profit (loss) for the period before taxes9903€65,329€55,140€68,207€54,741€22,903-€4,943-€156,906▼ 3,074%
Income taxes67/77€34,379€16,537€19,570€15,654€7,495€412€1,229▲ 198%
Profit (loss) for the period9904€30,950€38,603€48,637€39,087€15,408-€5,355-€158,136▼ 2,853%
Profit (loss) for the period to be appropriated9905€30,950€38,603€48,637€39,087€15,408-€5,355-€158,136▼ 2,853%
Line2018201920202021202220232024Change
Assets
Total assets20/58€268,967€454,264€579,597€390,973€775,695€894,437€673,072▼ 24.7%
Fixed assets21/28€1,835€54,445€40,456€28,615€18,985€4,697€1,723▼ 63.3%
Tangible fixed assets22/27€1,625€54,235€40,246€28,405€18,775€4,487€1,513▼ 66.3%
Plant, machinery and equipment23---€11,800€7,375€1,475€1,325▼ 10.2%
Furniture and vehicles24---€8,645€6,425€2,017€188▼ 90.7%
Leasing and similar rights25---€7,960€4,975€995€0▼ 100%
Financial fixed assets28€210€210€210€210€210€210€210=
Current assets29/58€267,132€399,818€539,141€362,358€756,710€889,740€671,349▼ 24.5%
Stocks and contracts in progress3€61,000€198,972€137,801€51,588€579,283€746,318€492,838▼ 34.0%
Stocks30/36---€0€335,400€335,400€220,917▼ 34.1%
Contracts in progress37---€51,588€243,883€410,918€271,921▼ 33.8%
Amounts receivable within one year40/41€139,306€191,034€279,281€195,129€169,438€112,773€167,573▲ 48.6%
Trade receivables40---€188,269€111,221€89,799€124,882▲ 39.1%
Other amounts receivable41---€6,860€58,218€22,974€42,690▲ 85.8%
Cash at bank and in hand54/58€61,435€8,264€14,392€111,840€4,481€27,854€8,361▼ 70.0%
Deferred charges and accrued income490/1---€3,800€3,507€2,796€2,577▼ 7.8%
Equity and liabilities
Total equity and liabilities10/49€268,967€454,264€579,597€390,973€775,695€894,437€673,072▼ 24.7%
Equity10/15€159,249€193,351€221,988€261,075€218,850€213,495€55,359▼ 74.1%
Contributions10/11€12,400€12,400-€12,400€12,400€12,400€12,400=
Reserves13€146,849€180,951€209,588€248,675€206,450€201,095€185,034▼ 8.0%
Non-distributable reserves130/1---€2,000€2,000€0--
Reserves not available under the articles1311---€2,000€2,000€0--
Tax-exempt reserves132---€13,149€13,149€13,149€13,149=
Distributable reserves133---€233,525€191,300€187,945€171,884▼ 8.5%
Profit (loss) carried forward14---€0€0€0-€142,075-
Amounts payable17/49€109,718€260,913€357,609€129,898€556,845€680,942€617,713▼ 9.3%
Amounts payable after more than one year17-€22,364€14,473€7,187€2,393€0€32,480-
Financial debts170/4---€7,187€2,393€0€32,480-
Amounts payable within one year42/48€109,218€238,237€342,753€122,670€551,401€676,173€578,733▼ 14.4%
Current portion of amounts payable after more than one year42---€7,647€4,794€2,393€12,387▲ 418%
Financial debts43---€3,926€311,915€516,577€353,922▼ 31.5%
Credit institutions430/8---€3,926€311,915€516,577€353,922▼ 31.5%
Trade debts44€81,436€178,855€122,562€86,545€170,431€118,729€192,044▲ 61.7%
Suppliers440/4---€86,545€170,431€118,729€192,044▲ 61.7%
Taxes, remuneration and social security45---€20,217€3,501€17,522€20,380▲ 16.3%
Taxes450/3---€20,217€3,501€11,684€0▼ 100%
Remuneration and social security454/9-----€5,838€20,380▲ 249%
Other amounts payable47/48---€4,334€60,759€20,952€0▼ 100%
Accrued charges and deferred income492/3---€41€3,051€4,769€6,500▲ 36.3%
Line2018201920202021202220232024Change
Profit (loss) for the period9904€30,950€38,603€48,637€39,087€15,408-€5,355-€158,136▼ 2,853%
+ Depreciation and write-downs630€1,046€13,989€13,989€13,669€10,707€14,288€4,474▼ 68.7%
Operating cash flow (approximation)€31,996€52,592€62,626€52,756€26,115€8,933-€153,662-
Investment in fixed assets (approximation)--€66,600€0-€1,829-€1,077€0-€1,500-
Change in cash--€53,171€6,129€97,448-€107,360€23,373-€19,493-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 14 filings with the National Bank
Financial year Type Filed Reference
31-12-2024 abbreviated format 27-08-2025 2025-00410339
31-12-2023 abbreviated format 23-09-2024 2024-00469142
31-12-2022 abbreviated format 29-09-2023 2023-00459540
31-12-2021 abbreviated format 31-08-2022 2022-20366207
31-12-2020 micro format 18-11-2021 2021-77500389
31-12-2019 micro format 13-11-2020 2020-70000344
31-12-2018 micro format 29-07-2019 2019-38900240
31-12-2017 micro format 09-08-2018 2018-44200276
31-12-2016 micro format 31-08-2017 2017-50800239
31-12-2015 abbreviated format 31-08-2016 2016-54900381

Show all 14 filings

Similar companies · same sector, comparable size

Of the 29,217 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,303. 13,362 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
2 directors, last change in 2026
MEDOV,Marat
Director (not named in the articles)
Current
MEDOVA,Liliya Zufarovna
Director (not named in the articles)
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
3 of this company's 5 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

3 people since 2023, 2 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
MEDOV,Marat
  • Manager, until 31-10-2023
  • Director (not named in the articles), since before 31-10-2023
MEDOVA,Liliya Zufarovna
  • Manager, until 31-10-2023
  • Director (not named in the articles), since before 31-10-2023
Liliya MEDOVA
  • Director (not named in the articles), until 26-01-2026
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Capital over the years
  1. 31-10-2023 Converted to unavailable equity · €14,400

Group and network

Connections & network

2 current directors
Depth

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History

On 5 October 2010, Progress was incorporated.1 Total assets went from €268,967 in 2018 to €673,072 in 2024 and headcount from 0.3 full-time equivalents in 2022 to 3.5 in 2024.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018, 2022 and 2024

Acts, filings and financial milestones

2026
06-02
Gazette deed Resignation: Liliya MEDOVA (director)
Director discharge3 facts ▸
  • General meeting, 26-01-2026
  • Director resignation, Liliya MEDOVA (director (not named in the articles))
  • Director discharge, Liliya MEDOVA (director (not named in the articles))
02-02
Judicial reorganisation Plan homologation
Enterprise Court of Antwerp · judgment of 27-01-2026
2025
13-10
Judicial reorganisation Opening
Enterprise Court of Antwerp · collective agreement (SME) · judgment of 07-10-2025
27-08
NBB filing Annual accounts filed
financial year 2024 · abbreviated format · 27 days late
2024
31-12
Financial Weakest financial yearnet -€158,136
Net result drops to -€158,136, the lowest in the series.
23-09
NBB filing Annual accounts filed
financial year 2023 · abbreviated format · 54 days late
2023
31-10
Gazette deed Resignations: MEDOV,Marat (manager) and MEDOVA,Liliya Zufarovna (manager)
Reappointments: MEDOV,Marat (director) and MEDOVA,Liliya Zufarovna (director) · Registered office clause · Power of attorney14 facts ▸
  • Director resignation, MEDOV,Marat (manager)
  • Director reappointment, MEDOV,Marat (director (not named in the articles))
  • Director resignation, MEDOVA,Liliya Zufarovna (manager)
  • Director reappointment, MEDOVA,Liliya Zufarovna (director (not named in the articles))
  • Registered office clause, “2300 Turnhout,Molenbergstraat 44” (deed in Dutch)
  • Power of attorney
  • Declaration, “aflevering vóór registratie, artikel 173,1°bis Wetboek der registratierechten” (deed in Dutch)
  • General meeting, 20-09-2023
  • Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, besloten vennootschap (BV) behouden” (deed in Dutch)
  • Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
  • Reserve release, “vormen en meerderheden statutenwijziging, opheffing statutair onbeschikbare eigen vermogensrekening en beschikbaar maken voor uitkering” (deed in Dutch)
  • Amendment of the articles
  • +2 further facts in this act
29-09
NBB filing Annual accounts filed
financial year 2022 · abbreviated format · 60 days late
2022
31-08
NBB filing Annual accounts filed
financial year 2021 · abbreviated format · 31 days late
2021
18-11
NBB filing Annual accounts filed
financial year 2020 · micro format · 110 days late
2020
31-12
Financial Highest result from 2018 to 2024net €48,637 ▲26%
Operating result €68,269, net result €48,637, both a record.
31-12
Financial Equity above €200,000equity €221,988 ▲14.8%
A profit in every financial year since 2018 builds equity to €221,988.
Show earlier events
13-11
NBB filing Annual accounts filed
financial year 2019 · micro format · 105 days late
2019
29-07
NBB filing Annual accounts filed
financial year 2018 · micro format
2018
09-08
NBB filing Annual accounts filed
financial year 2017 · micro format · 9 days late
2017
31-08
NBB filing Annual accounts filed
financial year 2016 · micro format · 31 days late
2016
31-08
NBB filing Annual accounts filed
financial year 2015 · abbreviated format · 31 days late
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 14 annual accounts filed, the latest 10 are here; all 14 are under Financials.
2 of 5 deeds read
About the unread acts

Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded05-10-2010
Financial year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
53200Other postal and courier activities
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID 0208:0829949717
Also 9925:BE0829949717
Registered 31-07-2025

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.

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0829.949.717

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Turnhout · 1 establishment unit since 2010
registered office establishment The establishment unit on the map
Ground area
225 m²
Building footprint
76 m²
Building volume
632 m³
Parcel 13452N0179/00C000, Flanders · tallest building 9.6 m. Linked by address, not a title deed.
1 establishment unit
Progress
Molenbergstraat 44, 2300 TurnhoutGeneral construction of residential buildings
since 2010unit no. 2.193.981.038
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
13452N0179/00C000 Flanders 225 m² 1 · 76 m² 9.6 m · 3
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Alle aannemingen en onderaannemingen van werken,algemene bouwonderneming eventueel in coördinatie met onderaannemers,met inbegrip van…” (deed in Dutch)
48 activities (deed in Dutch)
  1. Alle aannemingen en onderaannemingen van werken,algemene bouwonderneming eventueel in coördinatie met onderaannemers,met inbegrip van afbraak - en restauratiewerken en monumentenzorg,fabricage,levering,plaatsing,onderhoud en herstelling van diverse structuren en materialen in alle mogelijke constructies.
  2. Alle activiteiten van een onderneming gespecialiseerd in de afwerking van gebouwen,algemene bouwwerken,elektriciteitswerken,schrijn- en chapewerken,eventueel in coördinatie met onderaannemers,daaronder onder meer begrepen: alle aannemingen van bouwwerken waaronder onder meer maar niet uitsluitend:
  3. Zagen en schaven van hout;
  4. Gespecialiseerde bouwwerkzaamheden;
  5. Afwerking van gebouwen;
  6. Elektronische installatiewerken aan gebouwen;
  7. Installatie van elektrische bedrading en toebehoren;
  8. Installatie van de bedrading voor telefooninstallaties en computersystemen;
  9. Installatie van elektrische verwarmingsinstallaties;
  10. Isolatiewerkzaamheden;
  11. Installatie van liften en roltrappen;
  12. Stukadoorswerken;
  13. Chapewerken;
  14. Schrijnwerken;
  15. Montage van buiten- en binnenschrijnwerk van hout of van kunststof: deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichtingen,enz.;
  16. Montage van serres,veranda’s,enz. in hout of kunststof;
  17. Montage van buiten- en binnenschrijnwerk in metaal: deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichtingen,enz.;
  18. Installatie van garagepoorten,luiken,zonneblinden,traliewerk,hekken,enz. in metaal;
  19. Montage van buiten- en binnenschrijnwerk van kuststof;
  20. Installatie van binnendeuren,scheidingswanden enz. van glas;
  21. Plaatsen van tussenwanden van gipsplaten;
  22. Plaatsen van vloer- en wandtegels;
  23. Klinkerwerken;
  24. Aanbrengen in gebouwen van vloer- of wandtegels van keramische stoffen,beton of gehouwen steen,vloerbedekking en wandbekleding van terrazzo marmer,graniet of lei,enz.;
  25. Plaatsen van vloerbedekking en wandbekleding van hout;
  26. Plaatsen van behang en vloerbedekking en wandbekleding van andere materialen;
  27. Algemene coördinatiewerkzaamheden van een bouwwerf;
  28. Renovatie;
  29. Schilderen van gebouwen;
  30. Overige werkzaamheden in verband met de afwerking van gebouwen;
  31. Behandelen van muren met vochtwerende en waterafstotende producten;
  32. Algemene reiniging van gebouwen;
  33. Gevelreiniging;
  34. Gevelreiniging door middel van zandstralen,met behulp van stoom enz.;
  35. Onderneming voor het uitvoeren van voegwerken;
  36. Onderneming voor het optrekken en afbreken van steigers en werkplatforms;
  37. Verkoop van bouwmaterialen.
  38. Levering van diensten aan garages.
  39. Het vervoer voor eigen rekening of voor rekening van derden van allerhande goederen,nationaal en internationaal,langs de weg,per spoor,te water en per vliegtuig.
  40. Het verzekeren van distributiediensten,het verpakken,verzenden en leveren van goederen voor rekening van derden.
  41. Koerierdiensten.
  42. De activiteiten van een holdingvennootschap: het verwerven,beheren en vervreemden van deelnemingen en participaties in alle bestaande of nog op te richten vennootschappen,ook deze met een verschillend maatschappelijk doel,alsook alle investerings- en financiële verrichtingen,behalve deze voorbehouden aan deposito- en spaarbanken.
  43. Het verstrekken van alle diensten,raad en advies voor eigen rekening als voor andere vennootschappen,organisaties,besturen,verenigingen en natuurlijke personen,zowel in binnen- als in buitenland,zowel op algemeen,financieel,administratief,economisch,juridisch,organisatorisch vlak als op het gebied van management,marketing,research,productie,public-relations en ondernemingstechnieken.
  44. Het waarnemen en uitoefenen van allerhande bestuursopdrachten- en mandaten. Het waarnemen van het mandaat van vereffenaar.
  45. Het bemiddelen als tussenpersoon in de handel,op commissie of onder een handelsagentuur,in alle mogelijke artikelen en activiteiten zonder enige beperking.
  46. Het beheer en de ontwikkeling van een patrimonium,samengesteld uit onroerende en roerende goederen,waarden,effecten,rechten en titels. Het behoud,het beheer en het oordeelkundig uitbreiden van onroerend en roerend vermogen,het kopen,verkopen,ruilen,huren en onderverhuren,valoriseren,verkavelen en verwezenlijken van alle onroerende goederen,al dan niet gemeubileerd,de huurfinanciering van onroerende goederen aan derden,de renovatie van onroerende goederen,het oprichten van alle gebouwen en constructies,het aanleggen en onderhouden van alle terreinen en aanhorigheden. Het kopen,verkopen,ruilen,huren en verhuren van kunstwerken.
  47. Zij mag haar onroerende goederen in hypotheek stellen en al haar andere goederen,met inbegrip van het handelsfonds,in pand stellen en mag aval verlenen voor alle leningen,kredietopeningen en andere verbintenissen zowel voor haarzelf als voor alle derden op voorwaarde dat zij er zelf belang bij heeft.
  48. De vennootschap kan alle hoegenaamde handels-,nijverheids-,financiële,roerende en onroerende verrichtingen uitvoeren,die rechtstreeks of onrechtstreeks,geheel of gedeeltelijk in verband staan met haar doel of van die aard zijn,dit te begunstigen. Zo kan zij onder meer,bijhuizen en filialen oprichten,zowel in België als in het buitenland,een belang nemen in iedere onderneming waarvan het doel gelijkaardig,overeenkomstig of verwant is met het hare. De bestuurders zijn bevoegd in deze de draagwijdte en de aard van het voorwerp van de vennootschap te interpreteren.

The full purpose is in the deed

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, enkel besluit bestuursorgaan” (deed in Dutch)

deed of 31-10-2023

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.
“Met of zonder beperking van duur, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)

deed of 31-10-2023

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Beschikbare eigen vermogensrekeningen, gelijk recht in winstverdeling en vereffeningsaldo” (deed in Dutch)

deed of 31-10-2023

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Last Friday of June at 20:00

deed of 31-10-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Alle handelingen nodig of nuttig voor verwezenlijking voorwerp, bestuursbevoegdheid” (deed in Dutch)
Other provision: “Dagelijks bestuur, een of meer leden als gedelegeerd bestuurder of een of meer directeurs” (deed in Dutch)
Other provision: “Toegang algemene vergadering” (deed in Dutch)
Other provision: “Beraadslagingen, 1” (deed in Dutch)
Other provision: “Laatste goedgekeurde jaarrekening of recentere staat, instandhouding vermogen:uitkeringen” (deed in Dutch)
1 more provision in the deed, see the deed of 31-10-2023

deed of 31-10-2023