Equity
€2.1m ▼ 60.7%
PROGRESS ENERGY SERVICES paid out €3.0m in dividends in a year with a loss of €286,100.
PROGRESS ENERGY SERVICES
Lifetime
20 annual accounts with figures on one time axispeak €738,428 (2018)
-€255,804▲ €105,051
lowest -€6.6m (2021)
-€286,100▼ €2.8m
peak €5.4m (2024)
€2.1m▼ 60.7%
€4.2m▲ 308%
Board2 names since 2011
1 directorENERGETIQ BV
Owners2 names in the annual accounts
99.96%GREENFEVER
Documentsfilings and deeds
27-07-20264 days before the deadline
2025abbreviated format
Gross margin from -€360,854 to -€255,804Loss of €286,100Dividend €3.0mEquity from €5.4m to €2.1mDebts from €1.0m to €4.2mInvestments €428,066
Key points
from the 2025 annual accountsResult
-€286,100 -€286,100
From profit to loss in 2025, after a profit of €2.5m in 2024.
Debts
€4.2m ▲ 308%
Debts rose by €3.2m in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Investments
€86,066 9.3 × depreciation
Green is investment, beige is depreciation.
Liquidity
1.30 was 12.44 in 2024
Short-term debts rose from €429,826 to €3.7m.
Position in the sector
-€286,100
Lower net result than 95% of companies in office administrative support. Sector median €20,953 · 2,830 companies.
Checked score
90
Excellent
Financially stronger than 18% of small companies in office administrative support (NACE 82)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,123 companies (NACE 82, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged 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 12-2025lowest value
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 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Loss of €286,100 (financial year 2025)
lowers risk
Size: total assets €6.4m
Figures for financial year 2025 (filed on 27-07-2026)
Sector: Office administrative, office support and other business support activities (NACE 82)
Calculation
The band follows from the bankruptcy probability. 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 82, small). It does better than 43% of them on solvency, 19% on liquidity, 7% on profitability and 6% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 830 companies had the same profile as PROGRESS ENERGY SERVICES has now. Each dot stands for 3 companies, two years later.
96.5%
were still trading
2.9%
stopped another way
0.6%
went bankrupt
That fits the bankruptcy probability of PROGRESS ENERGY SERVICES itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 830 companies, not a prediction for PROGRESS ENERGY SERVICES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €190,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.3 (12.44 in 2024), below the usual 1.5. Short-term debt is 58.3% and cash 8.1% of total assets. 66.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 days early
2024
16 days early
2023
6 days early
2022
11 days early
2021
2 days early
2020
2 days early
2019
47 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · 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 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
EB
ENERGETIQ BV
Director, since 15-02-2011
- GREENFEVER 99.96%score 55equity -€2.7m (2025) · 30-06-2025 annual accounts of GREENFEVER
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0874841416
Appointment: VGD Bedrijfsrevisoren (statutory auditor)
Permanent representative: Jurgen Lelie · General meeting of 30-12-2022 · Gazette deed
First establishment
Harensesteenweg 230, Vilvoorde
Incorporation
published on 12-07-2005 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PROGRESS ENERGY SERVICES Vilvoorde | €6.4m | -€255,804 | 33.5% | - |
| Connectra continental Woluwe-Saint-Lambert | €5.7m | -€38,554 | -61.8% | - |
| ENERGIEK Brecht | €7.7m | -€46,419 | -19.5% | 1 |
| MIMATO Schilde | €5.7m | -€1,354 | 68.7% | - |
| DGAL Ghent | €7.3m | -€90,853 | 7.2% | - |
| CALUBERNA HOLDING Lier | €5.2m | -€21,725 | -72.1% | 0 |
| ALM GROUP Mol | €10.0m | -€74,171 | 58.9% | 1.2 |
These companies have the same main activity as PROGRESS ENERGY SERVICES: other business support services (NACE 82990). They are comparable in size and age: total assets between €5.2m and €10m, founded between 2002 and 2010.
Official details
Source: KBO- Status
- Active since 04-07-2005Normal situation
- Registered office
- 11 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 8 November 2026.
- Activity
- Other business support servicesNACE 82990and 5 others
- Establishment unit
- 2.148.386.0881800 Vilvoorde, since 12-08-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 08-09-2025
Annual accounts 2025
- €6.4m▼ 1.5%
- Filing
- Filed on 27-07-2026, 4 days before the end of the filing period
Insights on PROGRESS ENERGY SERVICES
PROGRESS ENERGY SERVICES files the abbreviated format. That format states no turnover. The gross margin fell from €33,332 in 2006 to -€255,804 in 2025.
GREENFEVER holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PROGRESS ENERGY SERVICES
- What is the company number of PROGRESS ENERGY SERVICES?
- The company number of PROGRESS ENERGY SERVICES is 0874.841.416. The VAT number is the same number with BE in front: BE 0874.841.416.
- Where is PROGRESS ENERGY SERVICES based?
- The registered office is at Harensesteenweg 230, 1800 Vilvoorde.Company details
- What does PROGRESS ENERGY SERVICES do?
- According to the KBO register, the main activity is other business support services (NACE 82990).
- What is the legal form of PROGRESS ENERGY SERVICES?
- PROGRESS ENERGY SERVICES is a private limited company (pre-2019) (BVBA).
- When was PROGRESS ENERGY SERVICES founded?
- PROGRESS ENERGY SERVICES was founded on 04-07-2005.
- Is PROGRESS ENERGY SERVICES still active?
- Yes, PROGRESS ENERGY SERVICES is an active enterprise in the KBO register.
- What is the turnover of PROGRESS ENERGY SERVICES?
- The annual accounts for financial year 2025 state no turnover. In financial year 2023 turnover was €16,659.Financials
- Is PROGRESS ENERGY SERVICES profitable?
- In financial year 2025, PROGRESS ENERGY SERVICES made a loss of €286,100.
- Where can I find the annual accounts of PROGRESS ENERGY SERVICES?
- PROGRESS ENERGY SERVICES filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PROGRESS ENERGY SERVICES due?
- PROGRESS ENERGY SERVICES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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