PROGRESSIA PARTNERS
ActiveSummary
PROGRESSIA PARTNERS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-134k) and a net result of €4k. Equity is shrinking by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 2542 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability80▲+80
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.22 against 0.39 in 2023; short-term debt: 401.6% and cash: 9.8% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-301.6%
Return on assets
9.1%
Age of the figures
21 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2542 sector peers (2024).
NBB · sector comparisonPosition among 2542 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-09-2025, 40 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
not confirmed
2024
40 d late
2023
33 d early
2022
31 d late
2021
29 d late
2020
75 d late
2019
21 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-134k▲ 2.9%
2023 · €-138k
2018: €-52k
2019: €-49k▲ +5.6% vs 2018highest in 7 years
2020: €-65k▼ -32.5% vs 2019
2021: €-76k▼ -16.8% vs 2020
2022: €-108k▼ -41.7% vs 2021
2023: €-138k▼ -27.6% vs 2022lowest in 7 years
2024: €-134k▲ +2.9% vs 2023
2018 → 2024
Total assets
€44k▼ 54.5%
2023 · €98k
2018: €315khighest in 7 years
2019: €308k▼ -2.2% vs 2018
2020: €226k▼ -26.6% vs 2019
2021: €215k▼ -5.1% vs 2020
2022: €226k▲ +5.3% vs 2021
2023: €98k▼ -56.8% vs 2022
2024: €44k▼ -54.5% vs 2023lowest in 7 years
2018 → 2024
Net result
€4k
2023 · €-30k
2018: €-7k
2019: €3k▲ +141% vs 2018
2020: €-16k▼ -651% vs 2019
2021: €-11k▲ +31.6% vs 2020
2022: €-32k▼ -190% vs 2021lowest in 7 years
2023: €-30k▲ +6.1% vs 2022
2024: €4k▲ +114% vs 2023highest in 7 years
2018 → 2024
Working capital
€-140k▲ 3.1%
2023 · €-144k
2018: €-60k
2019: €-59k▲ +1.7% vs 2018highest in 7 years
2020: €-74k▼ -25.0% vs 2019
2021: €-84k▼ -13.2% vs 2020
2022: €-115k▼ -36.4% vs 2021
2023: €-144k▼ -25.7% vs 2022lowest in 7 years
2024: €-140k▲ +3.1% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-65k-€-76k▼ 16.8%€-108k▼ 41.7%€-138k▼ 27.6%€-134k▲ 2.9%
2020: €-65khighest in 5 years
2021: €-76k▼ -16.8% vs 2020
2022: €-108k▼ -41.7% vs 2021
2023: €-138k▼ -27.6% vs 2022lowest in 5 years
2024: €-134k▲ +2.9% vs 2023
Operating result€-16k-€-11k▲ 30.5%€-25k▼ 132%€-30k▼ 17.0%€4k
2020: €-16k
2021: €-11k▲ +30.5% vs 2020
2022: €-25k▼ -132% vs 2021
2023: €-30k▼ -17.0% vs 2022lowest in 5 years
2024: €4k▲ +115% vs 2023highest in 5 years
Net result€-16k-€-11k▲ 31.6%€-32k▼ 190%€-30k▲ 6.1%€4k
2020: €-16k
2021: €-11k▲ +31.6% vs 2020
2022: €-32k▼ -190% vs 2021lowest in 5 years
2023: €-30k▲ +6.1% vs 2022
2024: €4k▲ +114% vs 2023highest 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 returns to profit in 2024: €4k after a loss of €30k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €44k
Fixed assets
€6k ▼ 6.9%
Current assets
€39k ▼ 57.7%
Key figures and ratios
EBITDA
€5k▲
2023 · €-29k
Cash flow
€4k▲
2023 · €-29k
Solvency
-301.6%▼
2023 · -141.3%
Current ratio
0.22▼
2023 · 0.39
Debt to equity
-1.33▲
2023 · -1.71
ROA
9.1%▲
2023 · -30.6%
Interest coverage
17.05▲
2023 · -144.03
Debt
€179k▼
2023 · €236k
Debt ≤ 1 year
€179k▼
2023 · €236k
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 · 2024 against 2023 · 33 lines
Balance sheet
Code20232024
Assets
Total assets20/58€98k€44k▼
Fixed assets21/28€6k€6k▼
Tangible fixed assets22/27€2k€1k▼
Other tangible fixed assets26€2k€1k▼
Financial fixed assets28€4k€4k=
Current assets29/58€92k€39k▼
Amounts receivable within one year40/41€74k€34k▼
Trade receivables40€69k€27k▼
Other amounts receivable41€5k€8k▲
Cash at bank and in hand54/58€18k€4k▼
Equity and liabilities
Total equity and liabilities10/49€98k€44k▼
Equity10/15€-138k€-134k▲
Contributions10/11€14k€14k=
Outside capital11€14k€14k=
Other1109/19€14k€14k=
Profit (loss) carried forward14€-153k€-148k▲
Amounts payable17/49€236k€179k▼
Amounts payable within one year42/48€236k€179k▼
Trade debts44€145k€85k▼
Suppliers440/4€145k€85k▼
Other amounts payable47/48€91k€93k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€418€418=
Other operating charges640/8€18k€10k▼
Gross operating margin9900€-11k€15k▲
Operating profit (loss)9901€-30k€4k▲
Financial charges65/66B€202€279▲
Recurring financial charges65€202€279▲
Profit (loss) for the period before taxes9903€-30k€4k▲
Income taxes67/77€165-
Profit (loss) for the period9904€-30k€4k▲
Profit (loss) for the period to be appropriated9905€-30k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-153k€-148k▲
Profit (loss) brought forward from the previous period14P€-123k€-153k▼
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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €1k | €418 | €418 | = |
| Other operating charges640/8 | - | €11k | €18k | €18k | €10k | ▼ 46.2% |
| Gross operating margin9900 | €-8k | €950 | €-6k | €-11k | €15k | ▲ 234% |
| Operating profit (loss)9901 | €-16k | €-11k | €-25k | €-30k | €4k | ▲ 115% |
| Financial charges65/66B | - | €76 | €296 | €202 | €279 | ▲ 37.9% |
| Recurring financial charges65 | €361 | €76 | €296 | €202 | €279 | ▲ 37.9% |
| Profit (loss) for the period before taxes9903 | €-16k | €-11k | €-26k | €-30k | €4k | ▲ 114% |
| Income taxes67/77 | - | - | €6k | €165 | - | - |
| Profit (loss) for the period9904 | €-16k | €-11k | €-32k | €-30k | €4k | ▲ 114% |
| Profit (loss) for the period to be appropriated9905 | €-16k | €-11k | €-32k | €-30k | €4k | ▲ 114% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €226k | €215k | €226k | €98k | €44k | ▼ 54.5% |
| Fixed assets21/28 | €9k | €8k | €7k | €6k | €6k | ▼ 6.9% |
| Tangible fixed assets22/27 | €4k | €3k | €2k | €2k | €1k | ▼ 25.0% |
| Furniture and vehicles24 | - | €775 | - | - | - | - |
| Other tangible fixed assets26 | - | €3k | €2k | €2k | €1k | ▼ 25.0% |
| Financial fixed assets28 | €4k | €4k | €4k | €4k | €4k | = |
| Current assets29/58 | €217k | €207k | €220k | €92k | €39k | ▼ 57.7% |
| Amounts receivable within one year40/41 | €201k | €185k | €199k | €74k | €34k | ▼ 53.4% |
| Trade receivables40 | - | €185k | €198k | €69k | €27k | ▼ 61.5% |
| Other amounts receivable41 | - | €299 | €767 | €5k | €8k | ▲ 65.1% |
| Cash at bank and in hand54/58 | €16k | €22k | €20k | €18k | €4k | ▼ 75.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €226k | €215k | €226k | €98k | €44k | ▼ 54.5% |
| Equity10/15 | €-65k | €-76k | €-108k | €-138k | €-134k | ▲ 2.9% |
| Contributions10/11 | - | €13k | €13k | €14k | €14k | = |
| Outside capital11 | - | €13k | €13k | €14k | €14k | = |
| Other1109/19 | - | €13k | €13k | €14k | €14k | = |
| Reserves13 | €2k | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | - | €2k | €2k | - | - | - |
| Profit (loss) carried forward14 | €-80k | €-91k | €-123k | €-153k | €-148k | ▲ 2.7% |
| Amounts payable17/49 | €292k | €291k | €334k | €236k | €179k | ▼ 24.3% |
| Amounts payable within one year42/48 | €292k | €291k | €334k | €236k | €179k | ▼ 24.3% |
| Trade debts44 | €203k | €201k | €243k | €145k | €85k | ▼ 41.2% |
| Suppliers440/4 | - | €201k | €243k | €145k | €85k | ▼ 41.2% |
| Taxes, remuneration and social security45 | - | €71 | - | - | - | - |
| Taxes450/3 | - | €71 | - | - | - | - |
| Other amounts payable47/48 | - | €90k | €92k | €91k | €93k | ▲ 2.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-16k | €-11k | €-32k | €-30k | €4k | ▲ 114% |
| + Depreciation and write-downs630 | €1k | €1k | €1k | €418 | €418 | = |
| Operating cash flow (approximation) | €-15k | €-10k | €-31k | €-29k | €4k | ▲ 115% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €6k | €-1k | €-3k | €-13k | ▼ 416% |
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
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after 4 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-32k
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
14-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 75 days late
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brussel · 1 establishment unit since 2009
Ground area
1,907 m²
Building footprint
1,788 m²
Volume, LiDAR
27,322 m³
Parcel 21807G0089/00A007, Brussels · tallest building 32.0 m, ±2 floors. Linked by address, not a title deed.
227
companies at this address
See who is registered here
1 establishment unit
PROGRESSIA PARTNERS
since 20092.181.826.047
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0089/00A007 | Brussels | 1,907 m² | 1 · 1,788 m² | 32.0 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 947 companies in sector 85699 we hold annual accounts for 147. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
85699Other educational support services
Scores and ratios are computed by Checked and are not a credit decision.