Progress Software
ActiveSummary
Progress Software has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €169,924. Equity is growing by about 2.8% per year across the filed financial years. Its solvency ranks better than 28% of 3,374 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Articles of association
What the company does
- Name clauseThe name the company operates under according to its articles.
- Progress Software
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Brussels Gewest, Brussels Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursbevoegdheid, meest uitgebreide macht om alle handelingen te verrichten die nodig of dienstig zijn voor bereiken voorwerp” (deed in Dutch)“Collegiaal, natuurlijke of rechtspersonen, al dan niet aandeelhouders” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, al dan niet voorzien” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of May
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Bij ontbinding met vereffening desgevallend één of meer vereffenaars benoemd door algemene vergadering, ontbinding in bij wet bepaalde…” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Algemene vergadering kan te allen tijde bevoegdheden bij gewone meerderheid beperken, aandeelhouders verdelen liquidatiesaldo met inachtname…” (deed in Dutch)