PROGRESS INTERNATIONAL LIER
ActivePROGRESS INTERNATIONAL LIER has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €93k and a net result of €19k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 44% of 17022 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-9
Solvency78▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.65 against 1.53 in 2024; short-term debt: 47.1% and cash: 20.1% of total assets), and 47.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-10-2025, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
10 d early
2023
6 d early
2022
3 d early
2021
4 d early
2020
51 d early
2019
35 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close22-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€93k▼ 21.5%
2024 · €119k
2019: €37k
2020: €86k
2021: €135k
2022: €140k
2023: €82k
2024: €119k
2019 → 2025
Total assets
€177k▼ 38.1%
2024 · €287k
2019: €96k
2020: €260k
2021: €255k
2022: €481k
2023: €222k
2024: €287k
2019 → 2025
Net result
€19k▼ 62.4%
2024 · €52k
2019: €14k
2020: €49k
2021: €50k
2022: €6k
2023: €-58k
2024: €52k
2019 → 2025
Working capital
€54k▼ 36.1%
2024 · €85k
2019: €28k
2020: €64k
2021: €80k
2022: €69k
2023: €32k
2024: €85k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€135k-€140k▲ 3.8%€82k▼ 41.8%€119k▲ 45.8%€93k▼ 21.5%
Operating result€70k-€12k▼ 82.4%€-42k€57k€32k▼ 44.6%
Net result€50k-€6k▼ 88.1%€-58k€52k€19k▼ 62.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 45% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €177k
Fixed assets
€40k▼ 4.4%
Current assets
€138k▼ 43.9%
Equity and liabilities €177k
Equity
€93k▼ 21.5%
Debt
€84k▼ 49.9%
The debt ratio falls from 58.5% to 47.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€50k▼
2024 · €77k
Cash flow
€38k▼
2024 · €71k
Solvency
52.6%▲
2024 · 41.5%
Current ratio
1.65▲
2024 · 1.53
Quick ratio
1.36▼
2024 · 1.42
Debt / equity
0.90▼
2024 · 1.41
ROE
20.8%▼
2024 · 43.5%
ROA
11.0%▼
2024 · 18.0%
Interest coverage
8.11▼
2024 · 12.74
Debt
€84k▼
2024 · €168k
Debt ≤ 1 year
€84k▼
2024 · €161k
Debt > 1 year
€279▼
2024 · €4k
Income taxes
€8k▲
2024 · €3k
Staff costs
€4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€287k€177k▼
Fixed assets21/28€42k€40k▼
Intangible fixed assets21€823€347▼
Tangible fixed assets22/27€41k€39k▼
Land and buildings22€23k€19k▼
Plant, machinery and equipment23€897€16k▲
Furniture and vehicles24€17k€5k▼
Current assets29/58€245k€138k▼
Amounts receivable after more than one year29€28k€28k=
Other amounts receivable291€28k€28k=
Stocks and contracts in progress3€17k€24k▲
Stocks30/36€17k€24k▲
Amounts receivable within one year40/41€182k€48k▼
Trade receivables40€161k€30k▼
Other amounts receivable41€21k€18k▼
Cash at bank and in hand54/58€18k€36k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€287k€177k▼
Equity10/15€119k€93k▼
Contributions10/11€19k€19k=
Reserves13€100k€75k▼
Distributable reserves133€100k€75k▼
Amounts payable17/49€168k€84k▼
Amounts payable after more than one year17€4k€279▼
Financial debts170/4€4k€279▼
Amounts payable within one year42/48€161k€84k▼
Current portion of amounts payable after more than one year42€8k€3k▼
Trade debts44€132k€30k▼
Suppliers440/4€132k€30k▼
Taxes, remuneration and social security45€7k€5k▼
Taxes450/3€7k€5k▼
Remuneration and social security454/9-€344
Other amounts payable47/48€14k€45k▲
Accrued charges and deferred income492/3€4k€133▼
Income statement
Code20242025
Remuneration, social security and pensions62-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€18k▼
Other operating charges640/8€1k€918▼
Gross operating margin9900€78k€55k▼
Operating profit (loss)9901€57k€32k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€54k€27k▼
Income taxes67/77€3k€8k▲
Profit (loss) for the period9904€52k€19k▼
Profit (loss) for the period to be appropriated9905€52k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€19k▼
Profit (loss) brought forward from the previous period14P€-31k-
Transfer from equity791/2€14k€45k▲
Transfer to equity691/2€20k€19k▼
To other reserves6921€20k€19k▼
Profit to be distributed694/7€14k€45k▲
Return on contributions (dividend)694€14k€45k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
21-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €52k
Net result €52k after one loss-making year.
31-03
Financial
Equity above €100kEq €119k ▲45.8%
Equity rises from €82k to €119k.
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet €-58k ▼1074%
Net result drops to €-58k, the lowest in the series; recovery starts the following year.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Equity above €100kEq €135k ▲57.5%
3 profitable years in a row build equity to €135k.
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
14-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Heist-op-den-Berg · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Keizershofdijk(ITE) 22222 Heist-op-den-BergGround area
1,637 m²
Building footprint
262 m²
Volume, LiDAR
2,159 m³
2 parcels, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Progress International Lier
since 20052.146.101.046
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12017B0595/00H000 | Flanders | 1,176 m² | 1 · 108 m² | 11.0 m · 3 fl. |
| 12017B0595/00M000 | Flanders | 461 m² | 1 · 154 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 1,410 EUR awarded · 1,410 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2023 | 1 | 410 EUR | 410 EUR |
Schemes
Premie kwalificerend werkplekleren
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsElektrische installaties duaal (so)
Elektrotechnisch installateur (vwo)
Legal Entity Identifier
98450008AT4DDAD6A043
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,394. 15,589 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-02-2005
Fiscal year end31-03
Activities, NACEBEL
43211General electrical installation work
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
47400Retail sale of information and communication equipment
47410Retail trade
52487
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.