Financials
- Financial year
- 2024
- Total assets
- €43,792
- Loss
- -€40,733
- Solvency
- -141.7%
Total assets▼ 44.0%
Net result
20182024
PROGRESS Lawyers Network Antwerpen
ActiveSummary
PROGRESS Lawyers Network Antwerpen has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€62,036) and a net result of -€40,733. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 15,188 sector peers (NACE 69, financial year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Activity
Activities of lawyers
NACE 69101
1 site
Size
≈ €160,000turnover 2024, estimated
- Staff
- 3 FTE
- Equity
- -€62,036
- Loss
- -€40,733
Turnover estimated from the gross margin
Structure
- Board
- 4 members
2025 accounts not filed, 91 days past the deadline1 of 3 deeds summarised
Why 52raises riskCapped at 59: negative equityFigures for financial year 2024 (filed 28-09-2025)Loss of €40,733, the second in a row (financial year 2024)1 financial year not filed after the legal deadline; last filed accounts filed 59 days late; 1 of the last 3 latelowers riskSector: Legal and accounting activities (NACE 69)Show the evidence
Checked score
Score 2024
52
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 7% of its sector peers (NACE 69, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Weak
Solvency
0=
equity -141.7% of total assets
Liquidity
50+28
short-term debt 241.7% · cash 39.7%
Profitability
0-55
return on assets -93.0%
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%lowest value
12-2024: 0.2%● unchanged vs 11-2024lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%▲ +0.1 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.5%▲ +0.1 percentage points vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.4%▼ -0.1 percentage points vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.5%▲ +0.1 percentage points vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.2 percentage points vs 07-2026
09-2026: 0.8%▲ +0.1 percentage points vs 08-2026
10-2026: 1.2%▲ +0.4 percentage points vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.27, compared with 0.62 in 2023, below 1; short-term debt: 241.7% and cash: 39.7% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 69, micro): better than 1% on solvency, 25% on liquidity, 1% on profitability and 1% on growth.
The bankruptcy probability was computed on 29-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
lowers riskraises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€62,036
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 91 days later.
NBB · 7 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline30-10-2026 today
raises risk · 2024 accounts filed 59 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-09-2025, 59 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
not filed
2024
59 days late
2023
85 days early
2022
4 days early
2021
3 days late
2020
53 days late
2019
122 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 25 days after the deadline; the sector median (NACE 69) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
- Reappointments: DEREYMAEKER Jo, BUELENS Jan and…Power of attorney · Registered…
Key points
- Risk: Negative equityfinancial year 2024: debts exceed assets -€62,036 View
- Risk: 2025 accounts not fileddeadline was 31-07-2026 91 days past the deadline View
- Risk: 3 loss-making years in a rowloss financial year 2024 -€40,733 View
- Caution: Among the weakest 5% on solvencysector median 59.1% · 15,188 companies -141.7% View
By topic
Board & ownership
- Board
- 4 members
- BUELENS JanDirector
- DEREYMAEKER JoDirector
- MICHIELSEN LiesDirector
- VAN LAER MiekeDirector
Timeline
- Events
- 9
- Since
- 2019
- 27-07-2023Annual accounts filed
- 03-08-2022Annual accounts filed
- 22-09-2021Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Activities of lawyersNACE 69101
- Founded
- 22-12-2017
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 24
- Who signs
- Two directors jointly
- Annual meeting
- Fourth Thursday of April at 18:00
- Purpose
- “De vennootschap heeft tot voorwerp de uitoefening van het beroep van advocaat door…” (deed in Dutch)
Key facts about PROGRESS Lawyers Network Antwerpen
- What is the company number of PROGRESS Lawyers Network Antwerpen?
- 0686.762.275. In Belgium the VAT number is the company number with BE in front: BE 0686.762.275.
- Where is PROGRESS Lawyers Network Antwerpen based?
- The registered office is at Lange Van Ruusbroecstraat 76-78, 2018 Antwerpen.Company details
- What does PROGRESS Lawyers Network Antwerpen do?
- According to the KBO register, the main activity is activities of lawyers (NACE 69101).
- What is the legal form of PROGRESS Lawyers Network Antwerpen?
- Private limited company (BV).
- When was PROGRESS Lawyers Network Antwerpen founded?
- On 22-12-2017.
- Is PROGRESS Lawyers Network Antwerpen still active?
- Yes, PROGRESS Lawyers Network Antwerpen is an active enterprise in the KBO register.
- How many employees does PROGRESS Lawyers Network Antwerpen have?
- On average 3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of PROGRESS Lawyers Network Antwerpen?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is PROGRESS Lawyers Network Antwerpen profitable?
- In financial year 2024, PROGRESS Lawyers Network Antwerpen made a loss of €40,733.
- Where can I find the annual accounts of PROGRESS Lawyers Network Antwerpen?
- PROGRESS Lawyers Network Antwerpen filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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