PROGRESS ENERGY SERVICES has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.1m and a net result of -€286,100. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 43% of 2,802 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
The company's story in a few sentences, from the company register, the Belgian Official Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
PROGRESS ENERGY SERVICES was incorporated on 4 July 2005.1Turnover fell from €36.3m in 2020 to €16,659 in 2023.2
FinancialLiquidity more than triplescurrent ratio 2.39
Current ratio from 0.69 to 2.39; short-term debt falls from €45.4m to €737,260.
31-12
FinancialEquity above €2mequity €2.4m
Equity rises from -€4.8m to €2.4m.
29-07
NBB filingAnnual accounts filed
financial year 2021 · full format
2021
31-12
FinancialWeakest financial yearnet -€6.6m
Net result drops to -€6.6m, the lowest in the series; recovery starts the following year.
Show earlier events
29-07
NBB filingAnnual accounts filed
financial year 2020 · full format
2020
31-12
FinancialLiquidity more than doubledcurrent ratio 1.31
Current ratio from 0.62 to 1.31.
16-09
NBB filingAnnual accounts filed
financial year 2019 · abbreviated format · 47 days late
2019
30-07
NBB filingAnnual accounts filed
financial year 2018 · abbreviated format
2018
31-07
NBB filingAnnual accounts filed
financial year 2017 · abbreviated format
2017
09-08
NBB filingAnnual accounts filed
financial year 2016 · abbreviated format · 9 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 20 annual accounts filed, the latest 10 are here; all 20 are under Financials.
1 of 6 deeds read
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.