PROGRESS P.D.
ActiveSummary
The computed 12-month bankruptcy probability of PROGRESS P.D. is 8.9% (elevated). For PROGRESS P.D., at least two annual filings are missing. The 2021 annual accounts show equity of €170,324 and a net result of -€2,799. Equity has been stable since 2018 (±1.9% per year). The company has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 29-08-2002 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.133.953.676 2570 Duffel, since 22-09-2002
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 8.9%
2021 figures too old to score
Annual accounts 2021
- Gross margin
- -€2,799
- Loss
- €2,799
- ▼ 49.1%
- Equity
- €170,324
- ▼ 1.6%
- Total assets
- €170,834
- ▼ 1.8%
- 2022 accounts not filed, 1192 days past the deadline
Turnover not published (micro format)
Signalsraises riskFigures for financial year 2021 (filed on 04-08-2022)1 change of registered office in 24 months3 financial years not filed after the legal deadline; 1 of the last 3 accounts lateTwo or more financial years not filedlowers riskFounded in 2002neutralLatest accounts filed on timeShow the evidence
Bankruptcy probability
No current score
Figures too old
The latest figures are for FY 2021. They are too old for a current score.
Bankruptcy probability: Elevated
Filing: At least two annual filings are missing
Financial strength, FY 2021 · tick: 2020
Strong
Solvency
100=
equity 99.7% of total assets
Liquidity
57+6
short-term debt 0.3% · cash 5.5%
Profitability
33+3
return on assets -1.6%
Bankruptcy probability within 12 months
8.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.0%
01-2025: 5.0%● unchanged vs 12-2024
02-2025: 5.0%● unchanged vs 01-2025
03-2025: 5.0%● unchanged vs 02-2025
04-2025: 5.0%● unchanged vs 03-2025
05-2025: 5.0%● unchanged vs 04-2025
06-2025: 5.0%● unchanged vs 05-2025
07-2025: 5.0%● unchanged vs 06-2025
08-2025: 4.7%▼ -0.3 percentage points vs 07-2025lowest value
09-2025: 4.7%● unchanged vs 08-2025lowest value
10-2025: 4.7%● unchanged vs 09-2025lowest value
11-2025: 8.9%▲ +4.2 percentage points vs 10-2025highest value
12-2025: 8.9%● unchanged vs 11-2025highest value
01-2026: 8.9%● unchanged vs 12-2025highest value
02-2026: 8.9%● unchanged vs 01-2026highest value
03-2026: 8.9%● unchanged vs 02-2026highest value
04-2026: 8.9%● unchanged vs 03-2026highest value
05-2026: 8.9%● unchanged vs 04-2026highest value
06-2026: 8.9%● unchanged vs 05-2026highest value
07-2026: 8.9%● unchanged vs 06-2026highest value
08-2026: 8.9%● unchanged vs 07-2026highest value
09-2026: 8.9%● unchanged vs 08-2026highest value
10-2026: 8.9%● unchanged vs 09-2026highest value
11-2026: 8.9%● unchanged vs 10-2026highest value
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 year end31-07-2023 deadline04-11-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 29-07-2022, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
2 days early
2020
34 days late
2019
18 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 3 accounts on average 17 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
Financials
Financials · financial year 2021, micro format
2022 annual accounts not yet filed, deadline passed on 31 July 2023 The financial year closed on 31 December 2022. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 4 financial years without a filing since the last one filed. Source: NBB filings, as of 4 November 2026.
Annual accounts 2021 filed on 29-07-2022 PDF all 16 filings
Turnover
€17,349
EBIT margin
-24.5%
Net result
-€2,799▲ 49.1%
2020 · -€5,494
Working capital
€36,871▼ 7.7%
2020 · €39,968
Multi-year overview
2018 to 2021, 4 financial yearsTurnover
no figure
2021
20182021
Operating result
-€2,799
▲ 34.1%
2021
20182021
Net result
-€2,799
▲ 49.1%
2021
20182021
EBIT margin
no figure
2021
20182021
Equity
€170,324
▼ 1.6%
2021
20182021
Total assets
€170,834
▼ 1.8%
2021
20182021
Debt
€511
▼ 40.3%
2021
20182021
Working capital
€36,871
▼ 7.7%
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Turnover€17,349
Operating result-€10,814--€31,048▼ 187%-€4,247▲ 86.3%-€2,799▲ 34.1%
Net result€1,374--€14,161-€5,494▲ 61.2%-€2,799▲ 49.1%
EBIT margin-24.5%
Equity€180,227-€178,616▼ 0.9%€173,122▼ 3.1%€170,324▼ 1.6%
Total assets€340,380-€182,826▼ 46.3%€173,977▼ 4.8%€170,834▼ 1.8%
Debt€160,153-€4,210▼ 97.4%€855▼ 79.7%€511▼ 40.3%
Working capital€13,021-€45,322▲ 248%€39,968▼ 11.8%€36,871▼ 7.7%
The operating result for 2021 is a loss of €2,799, smaller than the loss of €4,247 in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €170,834
Fixed assets
€133,453 =
Current assets
€37,381 ▼ 7.8%
Equity and liabilities €170,834
Equity
€170,324 ▼ 1.6%
Debt
€511 ▼ 40.3%
Debt's share of the balance-sheet total falls from 0.5% to 0.3%. Equity and debt are lower.
Key figures and ratios
Current ratio
73.22▲
2020 · 72.88
Debt to equity
0.00
ROE
-1.6%▲
2020 · -3.2%
ROA
-1.6%▲
2020 · -3.2%
Debt ≤ 1 year
€511▼
2020 · €556
Supplier credit
54 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | €17,349 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €3,470 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,747 | - | - | - | - |
| Gross operating margin9900 | €22,792 | -€3,724 | €1,017 | -€2,799 | - |
| Operating profit (loss)9901 | -€10,814 | -€31,048 | -€4,247 | -€2,799 | ▲ 34.1% |
| Recurring financial income75 | €16,176 | €17,696 | - | - | - |
| Recurring financial charges65 | €3,433 | €776 | - | - | - |
| Profit (loss) for the period before taxes9903 | €1,374 | -€14,161 | -€4,247 | -€2,799 | ▲ 34.1% |
| Income taxes67/77 | - | - | €1,247 | - | - |
| Profit (loss) for the period9904 | €1,374 | -€14,161 | -€5,494 | -€2,799 | ▲ 49.1% |
| Profit (loss) for the period to be appropriated9905 | €1,374 | -€14,161 | -€5,494 | -€2,799 | ▲ 49.1% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €340,380 | €182,826 | €173,977 | €170,834 | ▼ 1.8% |
| Formation expenses20 | - | - | - | €0 | - |
| Fixed assets21/28 | €317,692 | €133,453 | €133,453 | €133,453 | = |
| Tangible fixed assets22/27 | €314,655 | €130,416 | €130,416 | €130,416 | = |
| Land and buildings22 | - | - | - | €81,797 | - |
| Plant, machinery and equipment23 | - | - | - | €1,242 | - |
| Furniture and vehicles24 | - | - | - | €47,377 | - |
| Financial fixed assets28 | €3,037 | €3,037 | €3,037 | €3,037 | = |
| Current assets29/58 | €22,688 | €49,373 | €40,524 | €37,381 | ▼ 7.8% |
| Amounts receivable after more than one year29 | - | - | - | €27,961 | - |
| Other amounts receivable291 | - | - | - | €27,961 | - |
| Stocks and contracts in progress3 | €1,666 | €2,150 | - | - | - |
| Amounts receivable within one year40/41 | €1,236 | €1,265 | €528 | - | - |
| Cash at bank and in hand54/58 | - | €10,296 | €733 | €9,420 | ▲ 13× |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €340,380 | €182,826 | €173,977 | €170,834 | ▼ 1.8% |
| Equity10/15 | €180,227 | €178,616 | €173,122 | €170,324 | ▼ 1.6% |
| Contributions10/11 | €6,200 | €18,750 | €18,750 | €18,750 | = |
| Capital10 | - | - | - | €18,750 | - |
| Issued capital100 | - | - | - | €18,750 | - |
| Reserves13 | €211,007 | €211,007 | €211,007 | €211,007 | = |
| Non-distributable reserves130/1 | - | - | - | €1,232 | - |
| Legal reserve130 | - | - | - | €1,232 | - |
| Distributable reserves133 | - | - | - | €209,775 | - |
| Profit (loss) carried forward14 | -€36,980 | -€51,141 | -€56,635 | -€59,434 | ▼ 4.9% |
| Amounts payable17/49 | €160,153 | €4,210 | €855 | €511 | ▼ 40.3% |
| Amounts payable after more than one year17 | €150,486 | - | - | - | - |
| Amounts payable within one year42/48 | €9,667 | €4,051 | €556 | €511 | ▼ 8.2% |
| Trade debts44 | €8,785 | €4,051 | €556 | €511 | ▼ 8.2% |
| Suppliers440/4 | - | - | - | €511 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,374 | -€14,161 | -€5,494 | -€2,799 | ▲ 49.1% |
| + Depreciation and write-downs630 | €4,747 | - | - | - | - |
| Operating cash flow (approximation) | €6,121 | -€14,161 | -€5,494 | -€2,799 | ▲ 49.1% |
| Investment in fixed assets (approximation) | - | €184,239 | €0 | €0 | - |
| Change in cash | - | - | -€9,563 | €8,687 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | micro format | 29-07-2022 | 2022-20267058 | |
| 31-12-2020 | micro format | 03-09-2021 | 2021-66200256 | |
| 31-12-2019 | micro format | 18-08-2020 | 2020-42500072 | |
| 31-12-2018 | micro format | 06-06-2019 | 2019-16800242 | |
| 31-12-2017 | micro format | 03-07-2018 | 2018-29200314 | |
| 31-12-2016 | abbreviated format | 30-03-2017 | 2017-08100254 | |
| 31-12-2015 | abbreviated format | 19-07-2016 | 2016-34900358 | |
| 31-12-2014 | abbreviated format | 18-08-2015 | 2015-44900320 | |
| 31-12-2013 | abbreviated format | 25-08-2014 | 2014-47400120 | |
| 31-12-2012 | abbreviated format | 29-08-2013 | 2013-56200393 |
Timeline
Acts, filings and financial milestones
2025
31-10
Gazette deed
Registered office moved within DuffelNew seat: Stationsstraat 163 bus 1 2570 Duffel · Previous seat: Stationsstraat 177 2570 Duffel · Permanent representative: Iris Carsau3 points ▸
Gazette deed
Registered office moved within Duffel
New seat: Stationsstraat 163 bus 1 2570 Duffel · Previous seat: Stationsstraat 177 2570 Duffel · Permanent representative: Iris Carsau3 points ▸
- General meeting, 01-10-2025
- Registered-office move, Stationsstraat 163 bus 1 2570 Duffel
- Permanent representative, Iris Carsau
2022
29-07
micro format · 2 days before the deadline
2021
03-09
micro format · 34 days late
2020
31-12
Financial
Liquidity more than 5 timescurrent ratio 72.88
The current ratio rises from 12.19 to 72.88. Short-term debt falls from €4,051 to €556.
18-08
micro format · 18 days late
2019
31-12
Financial
Weakest financial yearnet -€14,161
The net result drops to -€14,161, the lowest from 2018 to 2021. It recovers the following year.
31-12
Financial
Liquidity more than 5 timescurrent ratio 12.19
The current ratio rises from 2.35 to 12.19. Short-term debt falls from €9,667 to €4,051.
06-06
micro format · 55 days before the deadline
2018
03-07
micro format · 28 days before the deadline
2017
30-03
abbreviated format · 123 days before the deadline
2016
19-07
abbreviated format · 12 days before the deadline
2015
18-08
abbreviated format · 18 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
PROGRESS P.D. in Dutch
Enterprise number
0478.228.311
Legal form
Private limited company (pre-2019)
Status
Active, normale toestand
Founded
29-08-2002
Entity type
Legal entity
Registered office and establishments
Registered office
Stationsstraat 163, 2570 Duffel, Belgium
Establishment unit
Progress P.D. bvba, Stationsstraat 163, 2570 Duffel since 22-09-2002 · unit number 2.133.953.67656301 Cafés and bars
Invoicing and payment
VAT number
BE 0478.228.311
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
149 m²
Building footprint
225 m²
Building volume
1,248 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12009E0356/00M013 | Flanders | 149 m² | 1 · 225 m² | 7.1 m · 2 |