Progress Transport
InactiveInactive since 14-07-2026; last annual accounts for fiscal year 2025. Dissolved without liquidation.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 13-04-2026, 109 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
109 d early
2024
58 d early
2023
30 d early
2022
122 d early
2021
40 d early
2020
45 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 62 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Freight transport by road sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€481,974▲ 38.5%
2024 · €347,903
Working capital
€40,209▲ 8.5%
2024 · €37,055
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€668,666▲ 583%€436,480▼ 34.7%€229,546▼ 47.4%€439,258▲ 91.4%€690,163▲ 57.1%
Net result€547,619▲ 1,177%€310,741▼ 43.3%€179,405▼ 42.3%€347,903▲ 93.9%€481,974▲ 38.5%
Equity€999,427▲ 24.6%€1.0m▲ 1.1%€1.2m▲ 17.8%€986,639▼ 17.1%€647,062▼ 34.4%
Total assets€1.7m▲ 64.8%€1.7m▼ 1.4%€1.3m▼ 18.6%€1.8m▲ 33.6%€1.7m▼ 8.2%
Debt€679,829▲ 213%€646,347▼ 4.9%€158,951▼ 75.4%€814,649▲ 413%€1.0m▲ 23.6%
Working capital€273,398▼ 37.4%€339,976▲ 24.4%€716,360▲ 111%€37,055▼ 94.8%€40,209▲ 8.5%
Staff (FTE)9.7▼ 13.4%9.7=9.5▼ 2.1%9.3▼ 2.1%10.2▲ 9.7%
Why a figure moved sharply
- 2024 Net result +94% on 2023. Cause not known from the registers.
- 2021 Net result +1,177%, Total assets +65% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 57% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€606,852 ▼ 36.1%
Current assets
€1.0m ▲ 22.9%
Equity and liabilities €1.7m
Equity
€647,062 ▼ 34.4%
Debt
€1.0m ▲ 23.6%
Debt's share of the balance-sheet total rises from 45.2% to 60.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.0m▲
2024 · €790,746
Cash flow
€814,383▲
2024 · €699,391
Current ratio
1.04▼
2024 · 1.05
Quick ratio
1.04▼
2024 · 1.04
Debt to equity
1.56▲
2024 · 0.83
ROE
74.5%▲
2024 · 35.3%
ROA
29.1%▲
2024 · 19.3%
Interest coverage
1164.24▲
2024 · 977.98
Debt ≤ 1 year
€1.0m▲
2024 · €814,649
Income taxes
€207,311▲
2024 · €92,898
Staff costs
€492,716▲
2024 · €434,934
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €490,888 | €451,216 | €461,872 | €434,934 | €492,716 | ▲ 13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €311,011 | €275,037 | €252,979 | €351,488 | €332,409 | ▼ 5.4% |
| Other operating charges640/8 | €8,749 | €7,803 | €7,350 | €28,991 | €6,890 | ▼ 76.2% |
| Gross operating margin9900 | €1.5m | €1.2m | €951,748 | €1.3m | €1.5m | ▲ 21.3% |
| Operating profit (loss)9901 | €668,666 | €436,480 | €229,546 | €439,258 | €690,163 | ▲ 57.1% |
| Financial income75/76B | - | €525 | €5,323 | €2,352 | - | - |
| Recurring financial income75 | - | €525 | €5,323 | €2,352 | - | - |
| Financial charges65/66B | €1,415 | €1,568 | €1,166 | €809 | €878 | ▲ 8.6% |
| Recurring financial charges65 | €1,415 | €1,568 | €1,166 | €809 | €878 | ▲ 8.6% |
| Profit (loss) for the period before taxes9903 | €667,251 | €435,438 | €233,703 | €440,802 | €689,285 | ▲ 56.4% |
| Income taxes67/77 | €119,632 | €124,697 | €54,299 | €92,898 | €207,311 | ▲ 123% |
| Profit (loss) for the period9904 | €547,619 | €310,741 | €179,405 | €347,903 | €481,974 | ▲ 38.5% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €135,400 | - |
| Profit (loss) for the period to be appropriated9905 | €547,619 | €310,741 | €179,405 | €347,903 | €617,374 | ▲ 77.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.7m | €1.3m | €1.8m | €1.7m | ▼ 8.2% |
| Fixed assets21/28 | €726,028 | €670,191 | €473,213 | €949,584 | €606,852 | ▼ 36.1% |
| Intangible fixed assets21 | - | - | - | - | €7,113 | - |
| Tangible fixed assets22/27 | €726,028 | €670,191 | €473,213 | €949,584 | €599,739 | ▼ 36.8% |
| Furniture and vehicles24 | €726,028 | €670,191 | €473,213 | €949,584 | €599,739 | ▼ 36.8% |
| Current assets29/58 | €953,227 | €986,323 | €875,311 | €851,704 | €1.0m | ▲ 22.9% |
| Stocks and contracts in progress3 | €13,043 | €8,865 | €3,078 | €415 | €242 | ▼ 41.6% |
| Stocks30/36 | €13,043 | €8,865 | €3,078 | €415 | €242 | ▼ 41.6% |
| Amounts receivable within one year40/41 | €442,727 | €437,668 | €369,885 | €701,412 | €926,760 | ▲ 32.1% |
| Trade receivables40 | €442,727 | €412,364 | €348,885 | €403,236 | €919,072 | ▲ 128% |
| Other amounts receivable41 | - | €25,303 | €21,000 | €298,176 | €7,689 | ▼ 97.4% |
| Current investments50/53 | - | - | €250,000 | - | - | - |
| Cash at bank and in hand54/58 | €460,987 | €474,432 | €224,329 | €74,242 | €93,214 | ▲ 25.6% |
| Deferred charges and accrued income490/1 | €36,469 | €65,358 | €28,018 | €75,634 | €26,548 | ▼ 64.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.7m | €1.3m | €1.8m | €1.7m | ▼ 8.2% |
| Equity10/15 | €999,427 | €1.0m | €1.2m | €986,639 | €647,062 | ▼ 34.4% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | €271,300 | €582,041 | €582,041 | €582,041 | €446,641 | ▼ 23.3% |
| Non-distributable reserves130/1 | €3,000 | €3,000 | - | - | - | - |
| Reserves not available under the articles1311 | €3,000 | €3,000 | - | - | - | - |
| Tax-exempt reserves132 | €135,400 | €135,400 | €135,400 | €135,400 | - | - |
| Distributable reserves133 | €132,900 | €443,641 | €446,641 | €446,641 | €446,641 | = |
| Profit (loss) carried forward14 | €698,127 | €398,127 | €577,532 | €374,598 | €170,421 | ▼ 54.5% |
| Amounts payable17/49 | €679,829 | €646,347 | €158,951 | €814,649 | €1.0m | ▲ 23.6% |
| Amounts payable within one year42/48 | €679,829 | €646,347 | €158,951 | €814,649 | €1.0m | ▲ 23.6% |
| Trade debts44 | €174,869 | €261,635 | €90,098 | €104,740 | €65,941 | ▼ 37.0% |
| Suppliers440/4 | €174,869 | €261,635 | €90,098 | €104,740 | €65,941 | ▼ 37.0% |
| Taxes, remuneration and social security45 | €154,916 | €84,668 | €68,809 | €58,701 | €99,164 | ▲ 68.9% |
| Taxes450/3 | €113,713 | €32,123 | €22,376 | €21,610 | €31,559 | ▲ 46.0% |
| Remuneration and social security454/9 | €41,203 | €52,545 | €46,432 | €37,092 | €67,606 | ▲ 82.3% |
| Other amounts payable47/48 | €350,044 | €300,044 | €44 | €651,207 | €841,451 | ▲ 29.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €547,619 | €310,741 | €179,405 | €347,903 | €481,974 | ▲ 38.5% |
| + Depreciation and write-downs630 | €311,011 | €275,037 | €252,979 | €351,488 | €332,409 | ▼ 5.4% |
| Operating cash flow (approximation) | €858,630 | €585,778 | €432,384 | €699,391 | €814,383 | ▲ 16.4% |
| Investment in fixed assets (approximation) | - | -€219,200 | -€56,000 | -€827,859 | €10,322 | ▲ 101% |
| Change in cash | - | €13,444 | -€250,103 | -€150,087 | €18,972 | ▲ 113% |
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
24-07
State Gazette act
Restructuring · End & cessationMerger · Dissolution · Approval6 facts ▸
State Gazette act
Restructuring · End & cessation
Merger · Dissolution · Approval6 facts ▸
- General meeting, 01-06-2026
- Merger, absorption, intégralité du patrimoine actif et passif
- Dissolution, dissolution de plein droit et sans liquidation
- Approval, 13-03-2026
- Power of attorney, Romain DOHY
- Share cancellation, aucun apport supplémentaire, aucune action nouvelle; annulation des actions de la société absorbée car la société absorbante détient l'intégralité du capital (a…
13-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 5.51
Current ratio from 1.53 to 5.51; short-term debt falls from €646,347 to €158,951.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €1mEq €1.0m ▲1.1%
3 profitable years in a row build equity to €1.0m.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €547,619 ▲1,177%
Net result €547,619, the highest in the series.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €42,900
Net result €42,900 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.01
Current ratio from 1.20 to 3.01; short-term debt falls from €581,403 to €217,236.
Show earlier events
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€3,886
Net result drops to -€3,886, the lowest in the series.
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:RODO MANAGEMENT
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 4,837 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
Founded08-03-2012
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
52210Service activities incidental to land transportation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0844267214
Registered
27-03-2026
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.