PROGRESS POWER CONSULT
ActiveSummary
PROGRESS POWER CONSULT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15k and a net result of €4k. Equity is shrinking by ~13% per year across the filed fiscal years. Its solvency ranks better than 61% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+3
Solvency92▲+24
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 2.79 against 1.6 in 2024; short-term debt: 32.7% and cash: 30.3% of total assets), and 32.7% of the assets are financed with debt.
Credit check 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
67.3%
Return on assets
20.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €15k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
6 d early
2023
6 d early
2022
30 d late
2021
2 d early
2020
31 d late
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€15k▲ 42.8%
2024 · €10k
2018: €22k
2019: €32k▲ +42.1% vs 2018highest in 8 years
2020: €26k▼ -17.8% vs 2019
2021: €27k▲ +4.7% vs 2020
2022: €15k▼ -44.6% vs 2021
2023: €6k▼ -62.3% vs 2022lowest in 8 years
2024: €10k▲ +82.7% vs 2023
2025: €15k▲ +42.8% vs 2024
2018 → 2025
Total assets
€22k▼ 8.9%
2024 · €24k
2018: €33k
2019: €38k▲ +13.4% vs 2018
2020: €57k▲ +52.4% vs 2019
2021: €60k▲ +4.6% vs 2020highest in 8 years
2022: €35k▼ -41.6% vs 2021
2023: €32k▼ -8.8% vs 2022
2024: €24k▼ -23.7% vs 2023
2025: €22k▼ -8.9% vs 2024lowest in 8 years
2018 → 2025
Net result
€4k▼ 5.4%
2024 · €5k
2018: €7k
2019: €9k▲ +26.8% vs 2018
2020: €12k▲ +28.4% vs 2019
2021: €21k▲ +75.3% vs 2020highest in 8 years
2022: €9k▼ -55.4% vs 2021
2023: €9k▼ -1.4% vs 2022
2024: €5k▼ -49.3% vs 2023
2025: €4k▼ -5.4% vs 2024lowest in 8 years
2018 → 2025
Working capital
€13k▲ 57.0%
2024 · €8k
2018: €17k
2019: €27k▲ +59.4% vs 2018highest in 8 years
2020: €22k▼ -17.0% vs 2019
2021: €24k▲ +8.1% vs 2020
2022: €13k▼ -46.7% vs 2021
2023: €3k▼ -78.4% vs 2022lowest in 8 years
2024: €8k▲ +204% vs 2023
2025: €13k▲ +57.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€27k-€15k▼ 44.6%€6k▼ 62.3%€10k▲ 82.7%€15k▲ 42.8%
2021: €27khighest in 5 years
2022: €15k▼ -44.6% vs 2021
2023: €6k▼ -62.3% vs 2022lowest in 5 years
2024: €10k▲ +82.7% vs 2023
2025: €15k▲ +42.8% vs 2024
Operating result€30k-€16k▼ 47.3%€17k▲ 11.5%€12k▼ 28.6%€11k▼ 11.7%
2021: €30khighest in 5 years
2022: €16k▼ -47.3% vs 2021
2023: €17k▲ +11.5% vs 2022
2024: €12k▼ -28.6% vs 2023
2025: €11k▼ -11.7% vs 2024lowest in 5 years
Net result€21k-€9k▼ 55.4%€9k▼ 1.4%€5k▼ 49.3%€4k▼ 5.4%
2021: €21khighest in 5 years
2022: €9k▼ -55.4% vs 2021
2023: €9k▼ -1.4% vs 2022
2024: €5k▼ -49.3% vs 2023
2025: €4k▼ -5.4% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 12% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22k
Fixed assets
€2k ▼ 11.5%
Current assets
€20k ▼ 8.7%
Equity and liabilities €22k
Equity
€15k ▲ 42.8%
Debt
€7k ▼ 47.8%
Debt's share of the balance-sheet total falls from 57.1% to 32.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12k▼
2024 · €14k
Cash flow
€6k▼
2024 · €6k
Current ratio
2.79▲
2024 · 1.60
Debt to equity
0.49▼
2024 · 1.33
ROE
30.0%▼
2024 · 45.3%
ROA
20.2%▲
2024 · 19.4%
Interest coverage
3.23▲
2024 · 2.97
Debt ≤ 1 year
€7k▼
2024 · €14k
Income taxes
€3k▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€24k€22k▼
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€2k€2k▼
Furniture and vehicles24€2k€2k▼
Other tangible fixed assets26€153€123▼
Current assets29/58€22k€20k▼
Amounts receivable within one year40/41€8k€8k▼
Trade receivables40€6k€6k▼
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€6k€7k▲
Deferred charges and accrued income490/1€8k€6k▼
Equity and liabilities
Total equity and liabilities10/49€24k€22k▼
Equity10/15€10k€15k▲
Reserves13€6k€6k=
Tax-exempt reserves132€6k€6k=
Profit (loss) carried forward14€5k€9k▲
Amounts payable17/49€14k€7k▼
Amounts payable within one year42/48€14k€7k▼
Financial debts43€2k€506▼
Credit institutions430/8€2k€506▼
Trade debts44€347€293▼
Suppliers440/4€347€293▼
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€3k€4k▲
Other amounts payable47/48€9k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▼
Other operating charges640/8€975€1k▲
Gross operating margin9900€15k€14k▼
Operating profit (loss)9901€12k€11k▼
Financial income75/76B€35€20▼
Recurring financial income75€35€20▼
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€8k€7k▼
Income taxes67/77€3k€3k▼
Profit (loss) for the period9904€5k€4k▼
Profit (loss) for the period to be appropriated9905€5k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€9k▲
Profit (loss) brought forward from the previous period14P-€5k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €1k | €1k | €1k | €1k | ▼ 19.5% |
| Other operating charges640/8 | €802 | €1k | €817 | €975 | €1k | ▲ 43.9% |
| Gross operating margin9900 | €32k | €18k | €20k | €15k | €14k | ▼ 8.8% |
| Operating profit (loss)9901 | €30k | €16k | €17k | €12k | €11k | ▼ 11.7% |
| Financial income75/76B | €1k | - | €18 | €35 | €20 | ▼ 43.6% |
| Recurring financial income75 | €1k | - | €18 | €35 | €20 | ▼ 43.6% |
| Financial charges65/66B | €2k | €2k | €3k | €5k | €4k | ▼ 19.6% |
| Recurring financial charges65 | €2k | €2k | €3k | €5k | €4k | ▼ 19.6% |
| Profit (loss) for the period before taxes9903 | €29k | €14k | €14k | €8k | €7k | ▼ 7.0% |
| Income taxes67/77 | €8k | €4k | €5k | €3k | €3k | ▼ 9.6% |
| Profit (loss) for the period9904 | €21k | €9k | €9k | €5k | €4k | ▼ 5.4% |
| Profit (loss) for the period to be appropriated9905 | €21k | €9k | €9k | €5k | €4k | ▼ 5.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60k | €35k | €32k | €24k | €22k | ▼ 8.9% |
| Fixed assets21/28 | €4k | €3k | €3k | €2k | €2k | ▼ 11.5% |
| Tangible fixed assets22/27 | €4k | €3k | €3k | €2k | €2k | ▼ 11.5% |
| Furniture and vehicles24 | €3k | €2k | €3k | €2k | €2k | ▼ 10.9% |
| Other tangible fixed assets26 | €694 | €514 | €333 | €153 | €123 | ▼ 20.0% |
| Current assets29/58 | €56k | €33k | €29k | €22k | €20k | ▼ 8.7% |
| Amounts receivable within one year40/41 | €24k | €14k | €8k | €8k | €8k | ▼ 5.4% |
| Trade receivables40 | €8k | €14k | €8k | €6k | €6k | ▼ 1.9% |
| Other amounts receivable41 | €16k | €540 | €896 | €2k | €2k | ▼ 14.4% |
| Cash at bank and in hand54/58 | €22k | €11k | €8k | €6k | €7k | ▲ 12.1% |
| Deferred charges and accrued income490/1 | €11k | €7k | €12k | €8k | €6k | ▼ 27.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60k | €35k | €32k | €24k | €22k | ▼ 8.9% |
| Equity10/15 | €27k | €15k | €6k | €10k | €15k | ▲ 42.8% |
| Contributions10/11 | €19k | - | - | - | - | - |
| Reserves13 | €8k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | €2k | - | - | - | - | - |
| Tax-exempt reserves132 | €6k | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €1k | €9k | - | €5k | €9k | ▲ 94.6% |
| Amounts payable17/49 | €33k | €20k | €26k | €14k | €7k | ▼ 47.8% |
| Amounts payable within one year42/48 | €33k | €20k | €26k | €14k | €7k | ▼ 47.8% |
| Financial debts43 | €2k | €2k | €2k | €2k | €506 | ▼ 70.1% |
| Credit institutions430/8 | €2k | €2k | €2k | €2k | €506 | ▼ 70.1% |
| Trade debts44 | €7k | €4k | €2k | €347 | €293 | ▼ 15.5% |
| Suppliers440/4 | €7k | €4k | €2k | €347 | €293 | ▼ 15.5% |
| Taxes, remuneration and social security45 | €4k | €5k | €3k | €3k | €4k | ▲ 31.1% |
| Taxes450/3 | €4k | €5k | €3k | €3k | €4k | ▲ 31.1% |
| Other amounts payable47/48 | €20k | €9k | €19k | €9k | €2k | ▼ 73.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €9k | €9k | €5k | €4k | ▼ 5.4% |
| + Depreciation and write-downs630 | €2k | €1k | €1k | €1k | €1k | ▼ 19.5% |
| Operating cash flow (approximation) | €23k | €11k | €11k | €6k | €6k | ▼ 8.7% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €-625 | €-929 | ▼ 48.5% |
| Change in cash | - | €-11k | €-2k | €-2k | €725 | ▲ 130% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet €4k ▼5.4%
Net result drops to €4k, the lowest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €21k ▲75.3%
Operating result €30k, net result €21k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 5.56
Current ratio from 2.65 to 5.56; short-term debt falls from €10k to €6k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Scherpenheuvel-Zichem · 1 establishment unit since 2014
Ground area
1,011 m²
Building footprint
150 m²
Volume, LiDAR
1,053 m³
Parcel 24098A0277/00Y000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PROGRESS POWER CONSULT
since 20142.225.997.966
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24098A0277/00Y000 | Flanders | 1,011 m² | 1 · 150 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 27,459 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-01-2014
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.