PROGRESS HR
InactiveInactive; last annual accounts for fiscal year 2024. Dissolved without liquidation on 31-10-2025.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2324
2023 to 2024 · latest year €-30k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2024
27 d early
2023
13 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-30k
2023 · €7k
2023: €7k
2023 → 2024
Total assets
€42k▼ 52.2%
2023 · €87k
2023: €87k
2023 → 2024
Net result
€-37k▼ 1.8%
2023 · €-37k
2023: €-37k
2023 → 2024
Working capital
€-42k▼ 351%
2023 · €-9k
2023: €-9k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€7k-€-30k
Operating result€-38k-€-36k▲ 4.2%
Net result€-37k-€-37k▼ 1.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36k in 2024 against €38k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €42k
Fixed assets
€12k ▼ 27.7%
Current assets
€30k ▼ 57.9%
Key figures and ratios
EBITDA
€-32k▲
2023 · €-33k
Cash flow
€-33k▼
2023 · €-32k
Solvency
-72.0%▼
2023 · 8.2%
Current ratio
0.42▼
2023 · 0.88
Debt to equity
-2.39▼
2023 · 11.16
ROA
-89.2%▼
2023 · -41.9%
Interest coverage
-36.65▲
2023 · -40.29
Debt
€72k▼
2023 · €80k
Debt ≤ 1 year
€72k▼
2023 · €80k
Income taxes
€0▼
2023 · €127
Staff costs
€21k▼
2023 · €67k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€87k€42k▼
Fixed assets21/28€16k€12k▼
Intangible fixed assets21€15k€11k▼
Tangible fixed assets22/27€993€427▼
Plant, machinery and equipment23€993€427▼
Current assets29/58€71k€30k▼
Amounts receivable within one year40/41€58k€14k▼
Trade receivables40€58k€14k▼
Cash at bank and in hand54/58€9k€15k▲
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€87k€42k▼
Equity10/15€7k€-30k▼
Contributions10/11€50k€50k=
Profit (loss) carried forward14€-43k€-80k▼
Amounts payable17/49€80k€72k▼
Amounts payable within one year42/48€80k€72k▼
Trade debts44€51k€31k▼
Suppliers440/4€51k€31k▼
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€2k€2k▼
Remuneration and social security454/9€455€0▼
Other amounts payable47/48€27k€39k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Remuneration, social security and pensions62€67k€21k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€669€1k▲
Gross operating margin9900€35k€-10k▼
Operating profit (loss)9901€-38k€-36k▲
Financial income75/76B€2k€19▼
Recurring financial income75€2k€19▼
Financial charges65/66B€829€868▲
Recurring financial charges65€829€868▲
Profit (loss) for the period before taxes9903€-36k€-37k▼
Income taxes67/77€127€0▼
Profit (loss) for the period9904€-37k€-37k▼
Profit (loss) for the period to be appropriated9905€-37k€-37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-43k€-80k▼
Profit (loss) brought forward from the previous period14P€-6k€-43k▼
Social balance
Average headcount (FTE)90870.91.0▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
20-01
State Gazette act
Restructuring · End & cessationMerger · Dissolution · Accounting effect5 facts ▸
State Gazette act
Restructuring · End & cessation
Merger · Dissolution · Accounting effect5 facts ▸
- General meeting, 19-12-2025
- Merger, fusion by association of all shares in one hand, 31-10-2025
- Dissolution, 31-10-2025
- Accounting effect, 31-10-2025
- Power of attorney, Acs Accountants
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
State Gazette actNBB filing
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:United Experts Group