Progress Consult
ActiveSummary
Progress Consult has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€409,415) and a net result of -€36,681. Equity is shrinking by about 9.2% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
- Equity
- -€409,415
- Loss
- -€36,681
Why 53raises riskCapped at 59: negative equityNegative equity -€409,415Loss of €36,681, the second in a row (financial year 2025)lowers riskSize: total assets €548,451No main activity registeredShow the evidence
Checked score
About 5 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 (no NACE code, micro): better than 5% on solvency, 29% on liquidity, 20% on profitability and 24% on growth.
The bankruptcy probability was computed on 30-10-2026 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 3 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (20 days) Filed on 20 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00408798.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €24,533 in 2025 against €29,637 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).
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 1,216 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 95.7% are still going.
- Small
- 10 to 20 years old
- negative equity
- a small loss
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 1,216 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 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €81,620 | €78,917 | €67,128 | €67,204 | €72,405 | €73,087 | - | - | - |
| Non-recurring operating income76A | - | - | - | €19 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €33,519 | €33,558 | €41,012 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52,243 | €48,438 | €46,016 | €43,354 | €42,427 | €38,472 | €48,664 | €48,869 | ▲ 0.4% |
| Other operating charges640/8 | - | - | - | €9,957 | €10,213 | €11,254 | €16,884 | €13,142 | ▼ 22.2% |
| Gross operating margin9900 | €58,541 | €64,749 | €52,768 | €40,004 | €48,326 | €34,166 | €35,911 | €37,477 | ▲ 4.4% |
| Operating profit (loss)9901 | -€304,145 | €6,286 | -€3,377 | -€13,307 | -€4,314 | -€15,559 | -€29,637 | -€24,533 | ▲ 17.2% |
| Financial income75/76B | - | - | - | - | - | €1 | €2 | €1 | ▼ 19.8% |
| Recurring financial income75 | €65 | €3 | - | - | - | €1 | €2 | €1 | ▼ 19.8% |
| Financial charges65/66B | - | - | - | €14,553 | €13,932 | €12,517 | €13,474 | €11,909 | ▼ 11.6% |
| Recurring financial charges65 | €29,702 | €24,582 | €16,679 | €14,553 | €13,932 | €12,517 | €13,474 | €11,909 | ▼ 11.6% |
| Profit (loss) for the period before taxes9903 | -€333,782 | -€18,292 | -€20,056 | -€27,860 | -€18,246 | -€28,075 | -€43,109 | -€36,441 | ▲ 15.5% |
| Income taxes67/77 | €119 | €109 | €116 | €117 | €120 | €132 | €209 | €240 | ▲ 14.4% |
| Profit (loss) for the period9904 | -€333,901 | -€18,402 | -€20,172 | -€27,977 | -€18,366 | -€28,207 | -€43,319 | -€36,681 | ▲ 15.3% |
| Profit (loss) for the period to be appropriated9905 | -€333,901 | -€18,402 | -€20,172 | -€27,977 | -€18,366 | -€28,207 | -€43,319 | -€36,681 | ▲ 15.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €702,454 | €656,956 | €636,692 | €634,857 | €638,359 | €567,211 | €598,056 | €548,451 | ▼ 8.3% |
| Formation expenses20 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €684,701 | €637,500 | €624,138 | €617,126 | €597,433 | €560,850 | €586,320 | €537,451 | ▼ 8.3% |
| Intangible fixed assets21 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €684,701 | €637,500 | €624,138 | €617,126 | €597,433 | €560,850 | €586,320 | €537,451 | ▼ 8.3% |
| Land and buildings22 | - | - | - | €612,986 | €595,764 | €558,058 | €532,403 | €496,811 | ▼ 6.7% |
| Plant, machinery and equipment23 | - | - | - | €1,200 | €800 | €400 | €0 | €0 | - |
| Furniture and vehicles24 | - | - | - | €2,940 | €869 | €2,392 | €53,916 | €40,640 | ▼ 24.6% |
| Other tangible fixed assets26 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Financial fixed assets28 | €0 | - | - | - | - | - | €0 | - | - |
| Current assets29/58 | €17,753 | €19,456 | €12,554 | €17,731 | €40,926 | €6,361 | €11,736 | €11,000 | ▼ 6.3% |
| Amounts receivable within one year40/41 | €50 | €3,695 | €1,311 | €1,105 | €2,831 | €0 | - | €61 | - |
| Trade receivables40 | - | - | - | €1,105 | €2,831 | €0 | - | - | - |
| Other amounts receivable41 | - | - | - | - | - | - | - | €61 | - |
| Cash at bank and in hand54/58 | €17,398 | €15,400 | €10,783 | €14,785 | €37,715 | €5,627 | €10,135 | €9,282 | ▼ 8.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1,841 | €379 | €733 | €1,601 | €1,657 | ▲ 3.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €702,454 | €656,956 | €636,692 | €634,857 | €638,359 | €567,211 | €598,056 | €548,451 | ▼ 8.3% |
| Equity10/15 | -€216,293 | -€234,695 | -€254,867 | -€282,844 | -€301,209 | -€329,416 | -€372,735 | -€409,415 | ▼ 9.8% |
| Contributions10/11 | €6,250 | €6,250 | - | €6,250 | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Reserves13 | €32,360 | €32,360 | €32,360 | €32,360 | €32,360 | €32,360 | €32,360 | €32,360 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €30,500 | €30,500 | €32,360 | €32,360 | €32,360 | = |
| Profit (loss) carried forward14 | -€254,903 | -€273,305 | -€293,477 | -€321,454 | -€339,819 | -€368,026 | -€411,345 | -€448,025 | ▼ 8.9% |
| Amounts payable17/49 | €918,747 | €891,651 | €891,559 | €917,700 | €939,568 | €896,627 | €970,791 | €957,866 | ▼ 1.3% |
| Amounts payable after more than one year17 | €778,631 | €746,282 | €768,098 | €672,842 | €698,182 | €639,629 | €865,606 | €850,618 | ▼ 1.7% |
| Financial debts170/4 | - | - | - | €487,842 | €513,182 | €454,629 | €440,606 | €365,618 | ▼ 17.0% |
| Other amounts payable178/9 | - | - | - | €185,000 | €185,000 | €185,000 | €425,000 | €485,000 | ▲ 14.1% |
| Amounts payable within one year42/48 | €129,023 | €141,732 | €120,445 | €243,094 | €239,660 | €256,076 | €104,366 | €106,534 | ▲ 2.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €102,891 | €72,639 | €63,173 | €78,167 | €79,815 | ▲ 2.1% |
| Financial debts43 | - | - | - | - | €0 | - | - | €0 | - |
| Credit institutions430/8 | - | - | - | - | €0 | - | - | €0 | - |
| Trade debts44 | €911 | €7,106 | €472 | €29,375 | €3,285 | €853 | €7,524 | €2,634 | ▼ 65.0% |
| Suppliers440/4 | - | - | - | €29,375 | €3,285 | €853 | €7,524 | €2,634 | ▼ 65.0% |
| Taxes, remuneration and social security45 | - | - | - | €117 | €120 | €131 | €206 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €117 | €120 | €131 | €206 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €110,711 | €163,617 | €191,920 | €18,469 | €24,085 | ▲ 30.4% |
| Accrued charges and deferred income492/3 | - | - | - | €1,765 | €1,726 | €922 | €819 | €714 | ▼ 12.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€333,901 | -€18,402 | -€20,172 | -€27,977 | -€18,366 | -€28,207 | -€43,319 | -€36,681 | ▲ 15.3% |
| + Depreciation and write-downs630 | €52,243 | €48,438 | €46,016 | €43,354 | €42,427 | €38,472 | €48,664 | €48,869 | ▲ 0.4% |
| Operating cash flow (approximation) | -€281,658 | €30,037 | €25,844 | €15,377 | €24,061 | €10,265 | €5,345 | €12,188 | ▲ 128% |
| Investment in fixed assets (approximation) | - | -€1,238 | -€32,654 | -€36,342 | -€22,734 | -€1,889 | -€74,133 | €0 | - |
| Change in cash | - | -€1,998 | -€4,617 | €4,002 | €22,930 | -€32,088 | €4,508 | -€853 | - |
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 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 20-08-2026 | 2026-00408798 |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00197839 |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00431801 |
| 31-12-2022 | micro format | 22-08-2023 | 2023-00339839 |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20316487 |
| 31-12-2020 | micro format | 30-07-2021 | 2021-44200490 |
| 31-12-2019 | micro format | 16-06-2020 | 2020-17400138 |
| 31-12-2018 | micro format | 06-08-2019 | 2019-44200107 |
| 31-12-2017 | full format | 06-07-2018 | 2018-30100429 |
| 31-12-2016 | full format | 21-08-2017 | 2017-45900516 |
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 |
|---|---|
| GUALTIERI Stefano |
|
Owners and capital
Capital and shareholders
- GUALTIERI Stefano actionnaire
- GODENIR Véronique Marie Geneviève Ghislaine actionnaire
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 09-02-2024 Capital reduction of €12,350 · to €6,250
- 09-02-2024 Converted to unavailable equity · €8,110
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
09-02
Gazette deed
Resignation: GUALTIERI Stefano (manager)Appointment: GUALTIERI Stefano (director) · Shareholding · Capital decrease13 facts ▸
- General meeting, 06-12-2023 (2 times)
- Other provision, “statuts non modifiés depuis constitution” (deed in French)
- Shareholding, “actionnaire”, 06-12-2023 (deed in French) (2 times)
- Other provision, “adaptation statuts au CSA et maintien SRL, article 39,§1,alinéa 1 et 3 loi du 23 mars introduisant CSA” (deed in French)
- Capital decrease, €12,350
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression compte indisponible et mise en distribution, fonds disponibles pour distribution” (deed in French)
- Amendment of the articles
- Capital
- Director resignation, GUALTIERI Stefano (manager)
- Director appointment, GUALTIERI Stefano (director (not named in the articles))
- Other provision, “décharge du gérant démissionnaire, prochaine assemblée générale annuelle” (deed in French)
- +1 further fact in this act
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 31 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
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 61022B0197/00W000 | Wallonia | 6,129 m² | 1 · 198 m² | 7.2 m · 2 |
| 61003B0297/00H006 | Wallonia | 1,030 m² | 1 · 120 m² | 13.8 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La réalisation de toutes prestations de conseil,d’expertise et de formation pour toutes entreprises et sociétés de services,publiques ou…” (deed in French)
14 activities (deed in French)
- La réalisation de toutes prestations de conseil,d’expertise et de formation pour toutes entreprises et sociétés de services,publiques ou privées,notamment dans les domaines de l’administration,marketing,management,stratégie d’entreprise,gestion des organisations,finance,mathématiques,informatique,électromécanique et économie,ce dans le sens le plus large du terme.
- L’exercice de fonctions de mandataires sous toutes formes,de gérant,d’administrateur,de coopérant et/ou de liquidateur dans d’autres sociétés,en Belgique et à l’étranger
- La recherche,la sélection et le recrutement de personnel d’encadrement et de collaborateurs pour les entreprises
- Le développement,l’achat,la vente,la gestion,la mise en valeur,la prise ou l’attribution de licence,de brevets,de Know-how,et autres droits intellectuels
- La prise de participation sous quelque forme que ce soit dans des sociétés industrielles,commerciales,financières,existantes ou à constituer
- La réalisation de toutes opérations financières à l’exception de celles réservées par loi aux banques et caisses d’épargne et de celles visées par l’arrêté royal du 5 août 1991 relatif à la gestion de fortune et au conseil de placements
- La réalisation de toute opération à caractère immobilier,telle que l’achat,la détention,la vente,la cession,l’échange,la construction,la gestion de toutes propriétés immobilières,bâties ou non bâties,qu’elle peut également donner en location en ce compris la location-financement
- La gestion dans le cadre le plus large du terme de son patrimoine immobilier propre
- La Société pourra exporter et/ou importer des denrées alimentaires dans le but de les vendre en gros ou en détail
- La Société pourra exporter et/ou importer des biens dans le but de les vendre en gros ou en détail
- La Société pourra exercer tout type d’activités en relation avec l’enseignement
- La société pourra réaliser toutes opérations généralement quelconques,commerciales,industrielles,financières,mobilières ou immobilières,ainsi que toute publication ou organisation d’événement ayant un rapport direct ou indirect avec son objet social ou qui serait de nature à en faciliter la réalisation
- La société peut participer à l’administration,la surveillance,le contrôle,l’assistance et les services financiers des sociétés et entreprises dans lesquelles elle est intéressée.Elle peut réaliser toutes opérations en matière de conseils et d’études,la société pourra s’intéresser par voie d’apport,de fusion,de souscription ou de toutes autres manières,dans toutes les entreprises,associations ou sociétés ayant un objet similaire,analogue ou connexe ou de nature à favoriser la réalisation de celui de la société,à lui procurer des matières premières ou à faciliter l’écoulement de ses produits et services
- Elle peut aussi se porter caution et donner toutes sûreté personnelle ou réelle en faveur de toute société,liée ou non,dans le cadre de son objet social,la société peut notamment s’intéresser par voie d’apport,de fusion,de souscription,d’intervention financière ou par tout autre mode,dans toutes sociétés,associations ou entreprises ayant en tout ou en partie,un objet similaire ou connexe au sien ou susceptible d’en favoriser l’extension et le développement
- 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 CONSULT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, simple décision organe d’administration pour sièges administratifs,agences,ateliers,dépôts,succursales,en Belgique et à…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 13. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation durée, personnes physiques ou morales,actionnaires ou non” (deed in French)“Rémunération des administrateurs, frais généraux” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Tous cas cessions entre vifs,à titre onéreux ou gratuit,volontaires ou forcées,exclusion et retrait, en usufruit,nue-propriété ou pleine…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission nouvelles actions–droit de préférence, courrier électronique,ou courrier ordinaire même jour si pas…” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Assemblée générale désigne liquidateurs, administrateurs en fonction” (deed in French)