Losses
-€73,787 in two years
The 2023 and 2024 financial years closed with a loss. 2024 was the heaviest.
PROGRESS HR
Overview
Lifetime
2 annual accounts with figures on one time axispeak €34,714 (2023)
-€9,692▼ €44,406
lowest -€37,221 (2024)
-€37,221▼ €656
peak €7,173 (2023)
-€30,048▼ €37,221
€71,755▼ 10.4%
peak 1 FTE (2024)
1 FTE▲ 11.1%
Board3 names since 2022
2 directorsProgress GD Management and 1 other
Owners2 names in the annual accounts
70%United Experts Group and 1 other
Documentsfilings and deeds
04-07-202527 days before the deadline
2024abbreviated format
Gross margin from €34,714 to -€9,692Loss of €37,221Staff from 0.9 FTE to 1 FTEEquity from €7,173 to -€30,048Cash from €8,649 to €14,550
Key points
from the 2024 annual accounts, the last ones filedDebts
€71,755 172% of the balance sheet
Suppliers 43%Taxes and wages 3%Other 54%
Liquidity
0.42 was 0.88 in 2023
Short-term debts fell from €80,048 to €71,755.
No scoreTurnover not published (abbreviated format)
Board and ownership
- United Experts Group 100%equity €143,202 (2025) · deed of 20-01-2026
- Progress GD Management 30%score 93equity €31,505 (2025) · 2024 annual accounts of Progress GD Management
Recent changes
Merger: absorbed by United Experts Group
United Experts Group holds all the shares · General meeting of 19-12-2025 · Gazette deed
Merger proposal: to be absorbed by United Experts Group NV
Permanent representatives: Van Dyck Dietmar and Delarue Goedele · United Experts Group NV holds all the shares · Gazette deed
Incorporation
Founding capital of €50,000, 1,000 shares · Founders: Progress GD Management and United Experts Group · Appointments: Progress GD Management (director) and S & I MANAGEMENT (director) · Gazette deed
Official details
Source: KBO- Status
- Absorbed by United Experts Groupmerger by absorption, December 2025
- Activity
- “-Consultant in personeelsselectie en rekruteringsopdrachten;” (deed in Dutch)From the articles, 19 activitiesNo NACE code in the KBO yet
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2024
- -€9,692
- €37,221▲ 1.8%
- -€30,048
- €41,707▼ 52.2%
- Employeeson 31-12-2024
- 1=
- Filing
- Filed on 04-07-2025
Insights on PROGRESS HR
Absorbed by United Experts Group in December 2025. The last annual accounts are for financial year 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2024
abbreviated format, filed on 04-07-2025, 27 days before the deadline-€9,692
▼ €44,406
-€36,373
▲ €1,604
-€37,221
▼ €656
-€41,965
▼ €32,655
-72.0%
▼ 80.3 percentage points
0.42
▼ 0.47
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance sheet
balance sheet total €41,707 on 31-12-2024What the company ownsHow it is paid for
in euro
in euro
Staff
€20,945
Staff costs divided by the average number of full-time equivalents.
people who joined
people who left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
41,707 | 87,221 | |
21/28 |
11,917 | 16,483 | |
21 |
11,490 | 15,490 | |
22/27 |
427 | 993 | |
23 |
427 | 993 | |
29/58 |
29,790 | 70,738 | |
40/41 |
13,718 | 58,220 | |
40 |
13,718 | 58,220 | |
54/58 |
14,550 | 8,649 | |
490/1 |
1,522 | 3,869 | |
| Balance sheet: equity and liabilities | |||
10/49 |
41,707 | 87,221 | |
10/15 |
-30,048 | 7,173 | |
10/11 |
50,000 | 50,000 | |
14 |
-80,048 | -42,827 | |
17/49 |
71,755 | 80,048 | |
42/48 |
71,755 | 80,048 | |
44 |
30,710 | 50,520 | |
440/4 |
30,710 | 50,520 | |
45 |
2,004 | 2,879 | |
450/3 |
2,004 | 2,424 | |
454/9 |
0 | 455 | |
47/48 |
39,041 | 26,649 | |
492/3 |
- | 0 | |
| Income statement | |||
9900 |
-9,692 | 34,714 | |
62 |
20,945 | 67,456 | |
630 |
4,566 | 4,566 | |
640/8 |
1,170 | 669 | |
9901 |
-36,373 | -37,977 | |
75/76B |
19 | 2,367 | |
75 |
19 | 2,367 | |
65/66B |
868 | 829 | |
65 |
868 | 829 | |
9903 |
-37,221 | -36,439 | |
67/77 |
0 | 127 | |
9904 |
-37,221 | -36,566 | |
9905 |
-37,221 | -36,566 | |
| Appropriation of the result | |||
9906 |
-80,048 | -42,827 | |
14P |
-42,827 | -6,261 | |
| Social balance sheet | |||
9087 |
1 | 0.9 | |
Hours worked1013 |
825 | 1,780 | |
| Document | |||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2024 at the NBB, filed on 04-07-2025.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 |
|---|---|---|---|
| -31,807 | -33,411 | ||
| -32,655 | -32,000 | ||
| 0 | - | ||
| 5,902 | - | ||
| -41,965 | -9,310 | ||
| -72.0% | 8.2% | ||
| 0.42 | 0.88 | ||
| - | 11.16 | ||
| - | -509.8% | ||
| -89.2% | -41.9% | ||
| -36.65 | -40.29 |
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.
Social balance sheet
| Item | 31-12-2024 | 31-12-2023 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| part-time | 0 | 0 |
| in full-time equivalents | 1 | 1 |
| 1 | 0.9 | |
| On a permanent contract | 1 | 1 |
| Joined | - | 3 |
| Left | - | 3 |
Source: social balance sheet in the 2023 to 2024 annual accounts
Insights on PROGRESS HR
The operating result for 2024 is a loss of €36,373, smaller than the loss of €37,977 in 2023.
Equity is negative. Debt (€71,755) exceeds the balance-sheet total (€41,707).
Board & ownership
Last board
2 directors, no change since 2022Director (not named in the articles), permanent representative DELARUE Goedele
since 13-09-2022
term without a fixed end
listed in the 2024 annual accounts, filed on 04-07-2025
Director (not named in the articles)
since 13-09-2022
listed in the 2024 annual accounts, filed on 04-07-2025
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Indien de vennootschap door meer dan één bestuurder wordt bestuurd, mag iedere bestuurder, alleen optredend, alle handelingen stellen die…”deed of 15-09-2022
Permanent representatives 1
DELARUE Goedele
Permanent representative, for Progress GD Management
appointed by deed of 15-09-2022
Mandates through the years
3 names, the dashed line is todayProgress GD Management
Director (not named in the articles)
Director (not named in the articles)
S & I MANAGEMENT
Director (not named in the articles)
Director (not named in the articles)
Sports & Intelligence
Director (not named in the articles)
Director (not named in the articles)
BoardEarlierend not dated
Mandates as a list
- Progress GD Management
- Director (not named in the articles), from 13-09-2022 to date
- S & I MANAGEMENT
- Director (not named in the articles), from 13-09-2022 to date
- Sports & Intelligence
- Director (not named in the articles), appointed by deed of 15-09-2022, no longer listed in the 2024 annual accounts
Control
100%
This company
PROGRESS HR
Equity -€30,048
Loss €37,221 in 2024
Capital
- Capital
- €50,000
- Shares
- 1,000
- Contribution per share
- €50
- Equity per share
- -€30.05 in 2024
- Source
- deed of 15-09-2022
Owners through the years
as the annual accounts name themOwners as a list
- United Experts Group
- Progress GD Management
Source: lists of holdings in the owners' accounts
Articles of association
deed of 15-09-2022 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 1,000 shares
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Wednesday of June at 19:30
Shareholders
2 ownersOwners 2
- United Experts GroupparentEquity €143,202 Profit of €3.0m in 2025 (profit of €573,289 in 2024)100%
- Equity €31,505 Profit of €3,243 in 2025 (profit of €5,158 in 2024) Checked score 9330%
Capital transactions
Shareholders according to the deeds
Stated in the deed
deed of 20-01-2026 ↗
- United Experts Group (BE 0760.547.801) all shares
Stated in the deed
deed of 13-11-2025 ↗
- United Experts Group NV (BE 0760.547.801) all shares
At incorporation
deed of 15-09-2022 ↗
- Progress GD Management (BE 0636.780.353) €15,000
- United Experts Group (BE 0760.547.801) €35,000
Capital over time
- 15-09-2022 Incorporation · €50,000 · 1,000 shares
Network & group
Parent
United Experts Group
0760.547.801 · 100% of the shares · equity €143,202 · profit €3.0m (2025)
Earlier ties
| United Blox via Sports & Intelligence, at PROGRESS HR, last mentioned in 2022 · Director (not named in the articles) · deed of 14-12-2020 founded in 2004 |
13 FTE (2025) |
| INDREX via Sports & Intelligence, at PROGRESS HR, last mentioned in 2022 · Director (not named in the articles) · deed of 13-03-2026 |
founded in 2026 |
Acquisitions and mergers
1 transactionTaken over by:United Experts Group
Connections & network
The network starts from the earlier ties.
This company
Company
Director
Shareholding
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Timeline
Timeline
5 events since 2022Capital
Filings
20222023202420252026
2026
Merger: absorbed by United Experts GroupUnited Experts Group holds all the shares · General meeting of 19-12-20252 points ▸
- General meeting, 19-12-2025
- United Experts Group holds all the shares
- The deed holds 2 more points.
2025
Merger proposal: to be absorbed by United Experts Group NVPermanent representatives: Van Dyck Dietmar and Delarue Goedele · United Experts Group NV holds all the shares6 points ▸
- Merger, 01-11-2025
- United Experts Group NV holds all the shares
- Permanent representative, Van Dyck Dietmar
- Permanent representative, Delarue Goedele
- Capital, €3,062,000, 493,870 shares
- Accounting effect, 01-11-2025
- The deed holds 8 more points.
Annual accounts 2024 filed NBBabbreviated format · 27 days before the deadline
2024
Annual accounts 2023 filed NBBabbreviated format · 13 days before the deadline
2022
IncorporationFounding capital of €50,000, 1,000 shares · Founders: Progress GD Management and United Experts Group · Appointments: Progress GD Management (director) and S & I MANAGEMENT (director)7 points ▸
- Founder, Progress GD Management
- Founder, United Experts Group
- Founding capital, €50,000, 1,000 shares
- Director appointment, Progress GD Management (director (not named in the articles))
- Permanent representative, DELARUE Goedele
- Director appointment, S & I MANAGEMENT (director (not named in the articles))
- Permanent representative, GIOVANNELI Silvio
- The deed holds 2 more points.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
The deed of incorporation of PROGRESS HR was published in the Belgian Official Gazette on 15 September 2022.1 The board currently has 2 members, 2 of whom have served since 2022.2 In 2025 the company was absorbed by merger into United Experts Group.3
Company details
Purpose, financial year and meetings according to the articles of association
Name, seat, purpose and duration
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “-Consultant in personeelsselectie en rekruteringsopdrachten; -Het rekruteren en selecteren van kandidaten om die voor te stellen aan…”deed of 13-11-2025 (in Dutch)
19 activities
- -Consultant in personeelsselectie en rekruteringsopdrachten;
- -Het rekruteren en selecteren van kandidaten om die voor te stellen aan werkgevers met het oog op een duurzame (soms tijdelijke) tewerkstelling tot stand te brengen. Inclusief alle administratie en alle overige daarmee verband houdende werkzaamheden en adviezen;
- -Projectsourcing;
- -Consultancy, operations- en projectmanagement;
- -Human resources en communicatietraining in ruime zin, waaronder werving, selectie, ontwikkeling en retentie van medewerkers:
- -Het geven van opleidingen en instructies in diverse doelgebieden;
- -Coaching, ondersteuning, mentor, begeleiding en advies aan bedrijven, natuurlijke personen en alle publieke, private of openbare instellingen. Richting geven aan het beleid met het oog op de optimalisatie van het menselijk kapitaal en de bedrijfsresultaten:
- -Human Resources, communicatietraining;
- -Arbitrage en bemiddeling tussen bedrijfsleiding en werknemers;
- -Marketing en publiciteitsbureau in ruime zin;
- -Het organiseren van beurzen en evenementen;
- -Agentuur, commissaris, makelaar bij de handel in alle roerende goederen;
- -Het nemen van licenties, brevetten en merken alsook de uitbating ervan.
- -De valorisatie van kennis en technieken;
- -Het nemen van participaties en bestuursmandaten in andere vennootschappen. Zij mag deelnemen door inbreng, fusie, inschrijving of op gelijk welke andere manier, in alle bestaande of op te richten vennootschappen;
- -Het aanleggen, het uitbouwen en beheren van een roerend en onroerend vermogen. Met inbegrip van alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de aan- en verkoop, bouwen, verbouwen, de huur en verhuur, de ruil, verkaveling en meer algemeen alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of het productief maken van onroerende goederen;
- -Het toestaan van leningen en kredietopnemingen aan vennootschappen of particulieren onder om het even welke vorm, voor zover wettelijk toegestaan;
- -Borgstelling voor derden, voor zover de vennootschap er direct of indirect belang bij heeft;
- -De vennootschap mag alle activiteiten uitvoeren van industriële, commerciële, financiële, roerende onroerende aard, die kunnen bijdragen tot de verwezenlijking, de uitbreiding of vergemakkelijking van haar voorwerp.
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 15-09-2022 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Antwerpsedreef 116, 2980 Zoersel”deed of 15-09-2022 (in Dutch)
General meeting and financial year
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Wednesday of June at 19:30
deed of 15-09-2022 (in Dutch)
Inactive
Absorbed by United Experts Group in December 2025
PROGRESS HR is no longer in the KBO register. United Experts Group took it over in a merger by absorption, published in the Belgian Official Gazette on 20 January 2026.
- Status
- Inactive
- Reason
- Merger by absorption"simplified merger", Belgian Official Gazette, 20 January 2026 · deed
- Absorbed by
- United Experts Group · 0760.547.801
- Last annual accounts
- financial year to 31 December 2024
- Last registered office
- Antwerpsedreef 116, 2980 Zoerselas published on 20 January 2026
- Legal form
- Private limited company
- First annual accounts
- financial year 2023