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PROGRESS FUND

Inactive KBO/BCE: BE 0888.212.865
PROGRESS FUND
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Overview

Lifetime

8 annual accounts with figures on one time axis
peak €715 (2015)
€715▲ €16,884
lowest -€1.5m (2010)
-€272,567▼ €2,712
peak €1.9m (2009)
-€90,249▼ €272,567
€110,999▼ 0.8%
Owners4 names in the annual accounts
33%Philing and 1 other
Documentsfilings and deeds
19-07-201612 days before the deadline
2015financial year
Gross margin from -€16,169 to €715Loss of €272,567Equity from €182,318 to -€90,249Cash from €11,578 to €16,273

Key points

from the 2015 annual accounts, the last ones filed

Equity

-€90,249 from €1.9m in 2009

Equity fell below zero in 2015.

Debts

€110,999 535% of the balance sheet

Filings

8 annual accounts 6 late
AprilJune31 JulyOctober20102015

The 2010 accounts came latest: 61 days after the end of the period.

No score

Recent changes

Deed on the end Gazette deed
Incorporation 8 publications in the Belgian Official Gazette, the last on 13-10-2016 · Gazette deed
All 12 events

Official details

Source: KBO
Status
Inactivedeed of incorporation of 02-04-2007 · last publication under the heading End on 13-10-2016
Activity
No activity registered in the KBO
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2015

€715
≈ €4,800estimated
€272,567▲ 1.0%
-€90,249
€20,750▼ 92.9%
Filing
Filed on 19-07-2016
Financials

Insights on PROGRESS FUND

Inactive. The last annual accounts are for financial year 2015.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2015

full format, filed on 19-07-2016, 12 days before the deadline
€715
▲ €16,884
-€23,798
▼ €7,629
-€272,567
▼ €2,712
-€90,249
▼ €22,567
-434.9%
▼ 496.9 percentage points
0.19
▼ 0.21

The turnover shown is an estimate from the gross margin.

Turnover ≈ €4,800. Estimated: probably between €2,000 and €12,000.

Balance sheet

balance sheet total €20,750 on 31-12-2015
What the company ownsHow it is paid for

in euro

in euro

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20152014201320122011201020092008
Balance sheet: assets
20/58 20,750294,184725,2091.4m1.7m1.0m2.2m1.6m
20 ------3,9213,921
21/28 -250,000400,0041.1m1.5m333,3001.6m-
28 0250,000400,0041.1m1.5m333,3001.6m1.1m
29/58 20,75044,184325,205295,805257,554707,084622,956538,245
29 --89,56589,565100,000669,664450,000450,000
290 --89,56589,565100,000669,664--
291 ------450,000450,000
40/41 4,47732,606230,410200,656142,843-39,81410,874
40 ------37,36810,874
41 4,47732,606230,410200,656142,843-2,446-
54/58 16,27311,5785,2303,0811,2131,144133,14277,251
490/1 ---2,50313,49836,276-120
Balance sheet: equity and liabilities
10/49 20,750294,184725,2091.4m1.7m1.0m2.2m1.6m
10/15 -90,249182,318452,1731.2m1.7m401,9041.9m1.6m
10/11 1.3m1.3m1.3m1.3m1.7m2.0m2.0m-
10 -------1.7m
100 1.3m1.3m1.3m1.3m1.7m2.0m2.0m2.0m
101 -------260,000
14 -1.4m-1.1m-830,753-91,040-25,820-1.6m-124,334-96,535
17/49 110,999111,866273,036192,33724,035638,480340,141131
42/48 110,999111,866273,036192,33724,035638,480340,141131
44 -86840,96515,34420,48614,500141131
440/4 -86840,96515,34420,48614,500141131
47/48 110,999110,998232,071176,9933,549623,980340,000-
Income statement
76A --22--5--
9900 715-16,169-52,407-51,564-68,450-72,508-46,908-103,005
60/61 153-------
62 868-------
630 -------1,680
631/4 23,645-------
640/8 ------7,87914,996
66A 250,000253,655688,41522,163-1.5m--
9901 -23,798-16,169-52,407-51,564-68,450-72,508-54,787-119,681
75/76B 1,290-1,1418,54542,68673,95027,062-
75 1,290-1,1418,54542,68673,95027,06225,354
65/66B 59346954549261-
65 5934695454926136
9903 -272,567-269,858-739,728-65,236-25,818-1.5m-27,786-94,363
67/77 --3-15-16219132,172
9904 -272,567-269,855-739,713-65,220-25,820-1.5m-27,799-96,535
9905 -272,567-269,855-739,713-65,220-25,820-1.5m-27,799-96,535
Appropriation of the result
9906 -1.4m-1.1m-830,753-91,040-1.6m-1.6m-124,334-96,535
791/2 ----1.7m---
691/2 ----1.4m---
691 ----1.4m---
Document PDFPDFPDFPDFPDFPDFPDFPDF

Source: Annual accounts 2015 (PDF), filed on 19-07-2016.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2015 full format 19-07-2016 2016-32500033 PDF
31-12-2014 full format 24-06-2015 2015-21000589 PDF
31-12-2013 full format 08-08-2014 2014-41900209 PDF
31-12-2012 full format 26-08-2013 2013-49000555 PDF
31-12-2011 full format 28-08-2012 2012-50100273 PDF
31-12-2010 full format 30-09-2011 2011-56600546 PDF
31-12-2009 full format 15-09-2010 2010-54300027 PDF
31-12-2008 full format 02-09-2009 2009-75200143 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20152014201320122011201020092008
--------118,001
--------94,855
-23,014--1.1m150,000487,5001.1m
4,6956,3482,1491,86869-131,99855,891-
-90,249-67,68252,169103,468233,51968,604282,815538,114
-434.9%62.0%62.4%86.1%98.6%38.6%84.6%100.0%
0.190.391.191.5410.721.111.83-
-0.610.600.160.011.590.180.00
--148.0%-163.6%-5.5%-1.5%-366.7%-1.5%-5.9%
--91.7%-102.0%-4.7%-1.5%-141.7%-1.3%-5.9%
--------3277.81

EBIT margin: not included in this filing.

A ratio outside any meaningful range has been withheld (balance sheet total €20,750, equity -€90,249).

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on PROGRESS FUND

The operating result for 2015 is a loss of €23,798, larger than the loss of €16,169 in 2014.

Equity is negative. Debt (€110,999) exceeds the balance-sheet total (€20,750).

Board & ownership

Control

Shareholder in 2015
Philing
33%
This company
PROGRESS FUND
Equity -€90,249
Loss €272,567 in 2015

Capital

Capital
€1,282,926
Source
2015 annual accounts

Owners through the years

as the annual accounts name them
Philing
33%33%
33%
BLUEQUITY
0.01%
0.01%
DTHF
25%
25% until 2013
PHILING
25%
33.33% until 2012
Owners as a list

Source: lists of holdings in the owners' accounts

Office holders in the KBO →

Network & group

Holdings

own 2014 accounts, the bar shows equity in euros
This companyPROGRESS FUND1 holding, 1 country 2014 accounts

Belgium 1 Equity Result

Source: list of holdings in its own 2014 accounts. The amounts are in that list and come from the holdings' accounts at 31-12-2013, in their own currency.

Holdings through the years

2009 to 2014
Holdings through the years
Name200920102011201220132014
YPC - YOUR PARTNER IN COMPOSITES 6.7%
M CONCEPT 30%77.49%58.11%
C. CAPITAL STRUCTURES S.A.LU 18.62%17.14%
ARTEVENDI 40%
JOHN-ROBERT 21%

Source: list of holdings in its own accounts

Connections & network

See the function holders in the KBO register.

Timeline

Timeline

12 events since 2007
2016
Deed on the end PDF
Annual accounts 2015 filed PDFfull format · 12 days before the deadline
2015
Annual accounts 2014 filed PDFfull format · 37 days before the deadline
2014
Annual accounts 2013 filed PDFfull format · 8 days late
2013
Annual accounts 2012 filed PDFfull format · 26 days late
2012
Annual accounts 2011 filed PDFfull format · 28 days late
2011
Liquidity more than 9 times current ratio 10.72 The current ratio rises from 1.11 to 10.72. Short-term debt falls from €638,480 to €24,035.
Annual accounts 2010 filed PDFfull format · 61 days late
2010
Weakest financial year net -€1.5m The net result drops to -€1.5m, the lowest from 2008 to 2015.
Annual accounts 2009 filed PDFfull format · 46 days late
2009
Annual accounts 2008 filed PDFfull format · 33 days late
2007
Incorporation PDF8 publications in the Belgian Official Gazette, the last on 13-10-2016

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

Company details

Inactive

PROGRESS FUND is no longer in the KBO register.

Last annual accounts
financial year to 31 December 2015
Last registered office
Dreve Richelle 161, Bte 38, 1410 Waterlooas published on 13 October 2016
Legal form
Public limited company
First annual accounts
financial year 2008
Official KBO record

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