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Progress Management and Communication

Active
Private limited companyfounded 198936 yrs activeGisseleire Versélaan 14, 1082 Sint-Agatha-Berchem, BelgiumKBO/BCE: BE 0438.740.797

Progress Management and Communication has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6k and a net result of €8k. Equity is shrinking by ~29.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 19% of 6994 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
58 / 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▲+10
Solvency35▲+13
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 36 years 0 40 y
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 6994 sector peers (2025).
NBB · sector comparison
Position among 6994 sector peers
Solvency
better than 19%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
7 d early
2024
5 d early
2023
9 d early
2022
13 d early
2021
13 d early
2020
12 d early
2019
11 d early
← before the deadline after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity
€6k
2024 · €-2k
2018: €46k 2019: €44k 2020: €38k 2021: €28k 2022: €21k 2023: €-4k 2024: €-2k
2018 → 2025
Total assets
€61k▲ 16.6%
2024 · €52k
2018: €97k 2019: €121k 2020: €106k 2021: €93k 2022: €81k 2023: €60k 2024: €52k
2018 → 2025
Net result
€8k▲ 222%
2024 · €2k
2018: €10k 2019: €-2k 2020: €-6k 2021: €-10k 2022: €-7k 2023: €-26k 2024: €2k
2018 → 2025
Working capital
€-35k▲ 28.9%
2024 · €-49k
2018: €-33k 2019: €-44k 2020: €-47k 2021: €-47k 2022: €-43k 2023: €-57k 2024: €-49k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€28k-€21k▼ 24.4%€-4k€-2k▲ 58.6%€6k
Operating result€-10k-€-6k▲ 33.2%€-25k▼ 287%€3k€8k▲ 187%
Net result€-10k-€-7k▲ 31.9%€-26k▼ 270%€2k€8k▲ 222%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-30k€-20k€-10k€0€10kOperating result 2021: €-10k€-10kNet result 2021: €-10k€-10kOperating result 2022: €-6k€-6kNet result 2022: €-7k€-7kOperating result 2023: €-25k€-25kNet result 2023: €-26k€-26kOperating result 2024: €3k€3kNet result 2024: €2k€2kOperating result 2025: €8k€8kNet result 2025: €8k€8k20212022202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 187% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61k
Fixed assets €41k▼ 13.4%
Current assets €20k▲ 276%
Equity and liabilities €61k
Equity €6k
Debt €55k
Debt finances 90.1% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€14k
2024 · €9k
Cash flow
€14k
2024 · €9k
Solvency
9.9%
2024 · -3.3%
Current ratio
0.37
2024 · 0.10
Quick ratio
0.37
2024 · 0.10
Debt / equity
9.06
2024 · -31.76
ROE
128.1%
ROA
12.7%
2024 · 4.6%
Interest coverage
40.06
2024 · 22.58
Debt
€55k
2024 · €54k
Debt ≤ 1 year
€55k
2024 · €54k
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€52k€61k
Fixed assets21/28€47k€41k
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€47k€41k
Land and buildings22€46k€40k
Furniture and vehicles24€1k€660
Current assets29/58€5k€20k
Amounts receivable within one year40/41€5k€17k
Trade receivables40€4k€12k
Other amounts receivable41€764€5k
Cash at bank and in hand54/58€127€4k
Deferred charges and accrued income490/1€496-
Equity and liabilities
Total equity and liabilities10/49€52k€61k
Equity10/15€-2k€6k
Contributions10/11€39k€39k=
Reserves13€7k€7k=
Non-distributable reserves130/1€7k€7k=
Reserves not available under the articles1311€7k€7k=
Profit (loss) carried forward14€-48k€-40k
Amounts payable17/49€54k€55k
Amounts payable within one year42/48€54k€55k
Trade debts44€213€5k
Suppliers440/4€213€5k
Other amounts payable47/48€54k€50k
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€6k
Other operating charges640/8€1k€2k
Gross operating margin9900€11k€16k
Operating profit (loss)9901€3k€8k
Financial charges65/66B€421€360
Recurring financial charges65€421€360
Profit (loss) for the period before taxes9903€2k€8k
Profit (loss) for the period9904€2k€8k
Profit (loss) for the period to be appropriated9905€2k€8k
Appropriation of the result
Profit (loss) to be appropriated9906€-48k€-40k
Profit (loss) brought forward from the previous period14P€-50k€-48k

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
24-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
26-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €2k
Net result €2k after 5 loss-making years.
22-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
18-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
19-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
20-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
18-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
14-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
5 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, Sint-Agatha-Berchem · 1 establishment unit since 1989
establishment The establishment unit on the map
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.

Gisseleire Versélaan 141082 Sint-Agatha-Berchem
Ground area
316 m²
Building footprint
104 m²
Volume, LiDAR
1,082 m³
Parcel 21342B0050/00F000, Brussels · tallest building 16.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PROGRESS MANAGEMENT AND COMMUN
Gisseleire Versélaan 14, 1082 Sint-Agatha-BerchemNACE 7412401
since 19892.045.607.264
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21342B0050/00F000 Brussels 316 m² 1 · 104 m² 16.6 m · 4 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 2,716 companies in sector 73200 we hold annual accounts for 1,785. 433 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded23-10-1989
Fiscal year end31-12
Abbreviation FR PMC
Activities, NACEBEL
73200Market research and public opinion polling
74131
74872
80424
82300Organisation of conventions and trade shows
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.