Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Latest accounts filed late: after the legal deadline.
In July 2024, 6,920 companies had the same profile as PROGRESSIA PARTNERS has now. Each dot stands for 18 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,920 companies, not a prediction for PROGRESSIA PARTNERS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| PROGRESSIA PARTNERS Brussels | €63,477 | -€8,804 | -226.5% | - |
| EUROCLOVIS Wavre | €49,029 | -€3,971 | 5.7% | - |
| My Kingdom for a Horse Ghent | €178,314 | -€23,012 | 51.5% | - |
| EESER Lier | €21,025 | -€9,556 | -429.2% | - |
| REXIT Geraardsbergen | €100,039 | -€7,334 | 99.8% | - |
| MiCa EYECARE Londerzeel | €264,656 | -€6,979 | 74.6% | - |
| JOCOMOTION Linter | €14,981 | -€6,587 | -231.1% | - |
These companies have the same main activity as PROGRESSIA PARTNERS: other educational support services (NACE 85699). They are comparable in size and age: total assets between €15,000 and €265,000, founded between 2004 and 2015.
PROGRESSIA PARTNERS files the micro format. That format states no turnover. The gross margin rose from -€19,906 in 2009 to -€8,804 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Lower than 95% of 2,745 companies in 2025.
Higher than 9% of 2,602 companies in 2025.
Higher than 14% of 2,636 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
63,477 | 44,469 | 97,782 | 226,149 | 214,803 | 226,251 | 308,368 | 315,453 | 216,147 | 61,775 | 23,324 | 65,199 | 24,955 | 28,600 | 76,023 | 103,706 | 6,122 | |
21/28 |
8,048 | 5,666 | 6,084 | 6,502 | 7,695 | 8,887 | 10,080 | 8,174 | 4,412 | 8,456 | 9,400 | 14,971 | 20,840 | 4,796 | 4,817 | 2,049 | - | |
22/27 |
836 | 1,254 | 1,672 | 2,090 | 3,283 | 4,475 | 5,668 | 3,762 | - | 4,044 | 8,088 | 13,971 | 19,840 | 4,796 | 4,817 | 2,049 | - | |
24 |
- | - | - | - | 775 | 1,549 | 2,324 | - | - | 4,044 | 8,088 | 13,971 | 19,840 | 4,796 | 4,817 | 2,049 | - | |
26 |
836 | 1,254 | 1,672 | 2,090 | 2,508 | 2,926 | 3,344 | 3,762 | - | - | - | - | - | - | - | - | - | |
28 |
7,212 | 4,412 | 4,412 | 4,412 | 4,412 | 4,412 | 4,412 | 4,412 | 4,412 | 4,412 | 1,312 | 1,000 | 1,000 | - | - | - | - | |
29/58 |
55,429 | 38,803 | 91,698 | 219,647 | 207,109 | 217,363 | 298,288 | 307,279 | 211,735 | 53,319 | 13,924 | 50,228 | 4,115 | 23,804 | 71,206 | 101,657 | 6,122 | |
40/41 |
50,105 | 34,430 | 73,868 | 199,211 | 185,354 | 200,986 | 274,578 | 295,374 | 142,073 | 38,911 | 10,533 | 7,586 | 2,168 | 21,514 | 18,960 | 60,339 | 695 | |
40 |
39,368 | 26,652 | 69,157 | 198,445 | 185,056 | 192,104 | 258,944 | 282,215 | 136,345 | 35,690 | 6,048 | 5,000 | - | 18,973 | 17,987 | 60,000 | - | |
41 |
10,737 | 7,778 | 4,711 | 767 | 299 | 8,882 | 15,634 | 13,159 | 5,728 | 3,221 | 4,485 | 2,586 | 2,168 | 2,542 | 973 | 339 | 695 | |
54/58 |
3,924 | 4,374 | 17,830 | 20,436 | 21,755 | 16,033 | 23,236 | 11,905 | 69,662 | 13,950 | 3,391 | 41,576 | 1,947 | 989 | 51,401 | 41,235 | 5,427 | |
490/1 |
1,400 | - | - | - | - | 344 | 473 | - | - | 458 | - | 1,066 | - | 1,300 | 845 | 83 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
63,477 | 44,469 | 97,782 | 226,149 | 214,803 | 226,251 | 308,368 | 315,453 | 216,147 | 61,775 | 23,324 | 65,199 | 24,955 | 28,600 | 76,023 | 103,706 | 6,122 | |
10/15 |
-143,781 | -134,114 | -138,174 | -108,264 | -76,426 | -65,454 | -49,410 | -52,322 | -45,136 | -21,234 | -7,055 | 637 | 3,608 | 6,683 | 12,757 | 11,573 | -7,987 | |
10/11 |
14,360 | 14,360 | 14,360 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | 6,100 | |
11 |
14,360 | 14,360 | 14,360 | 12,500 | 12,500 | 12,500 | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
14,360 | 14,360 | 14,360 | 12,500 | 12,500 | 12,500 | - | - | - | - | - | - | - | - | - | - | - | |
13 |
- | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 257 | 257 | 257 | 257 | 257 | 257 | 257 | 257 | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 257 | 257 | 257 | 257 | 257 | 257 | 257 | 257 | - | - | |
132 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-158,141 | -148,474 | -152,534 | -122,624 | -90,786 | -79,814 | -63,770 | -65,079 | -57,893 | -33,991 | -19,812 | -12,119 | -9,149 | -6,074 | - | -927 | -20,487 | |
17/49 |
207,258 | 178,584 | 235,956 | 334,413 | 291,230 | 291,704 | 357,778 | 367,776 | 261,282 | 83,009 | 30,379 | 64,562 | 21,347 | 21,917 | 63,266 | 92,134 | 14,109 | |
42/48 |
207,258 | 178,584 | 235,956 | 334,413 | 291,230 | 291,704 | 357,778 | 367,776 | 261,282 | 83,009 | 29,466 | 64,562 | 21,347 | 21,917 | 63,266 | 92,134 | 14,109 | |
44 |
108,729 | 85,238 | 144,995 | 242,854 | 201,129 | 203,141 | 269,215 | 279,256 | 196,504 | 4,011 | 4,575 | 2,610 | 1,986 | 2,353 | 242 | 61,865 | 309 | |
440/4 |
108,729 | 85,238 | 144,995 | 242,854 | 201,129 | 203,141 | 269,215 | 279,256 | 196,504 | 4,011 | 4,575 | 2,610 | 1,986 | 2,353 | 242 | 61,865 | 309 | |
45 |
- | - | - | - | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 1,282 | 2,791 | 411 | 2,182 | 564 | - | |
450/3 |
- | - | - | - | 71 | 71 | 71 | 71 | 71 | 71 | 71 | 1,282 | 2,791 | 411 | 2,182 | 564 | - | |
47/48 |
98,529 | 93,345 | 90,961 | 91,558 | 90,030 | 88,492 | 88,492 | 88,449 | 64,708 | 78,927 | 24,821 | 60,669 | 16,570 | 19,153 | 60,842 | 29,704 | 13,800 | |
492/3 |
- | - | - | - | - | - | - | - | - | - | 913 | - | - | - | - | - | - | |
| Income statement | ||||||||||||||||||
9900 |
-8,804 | 14,575 | -10,890 | -5,804 | 950 | -7,825 | 17,680 | 7,250 | -12,978 | 8,375 | 7,095 | 15,843 | 24,889 | 18,353 | 18,151 | 21,166 | -19,906 | |
630 |
418 | 418 | 418 | 1,193 | 1,193 | 1,193 | 1,193 | 418 | 4,044 | 4,044 | 5,884 | 5,868 | 6,699 | 3,186 | 2,364 | 1,009 | - | |
640/8 |
400 | 9,818 | 18,235 | 18,265 | 10,654 | 6,664 | 13,404 | 13,813 | 6,670 | 18,450 | 8,849 | 11,440 | 18,383 | 20,763 | 12,650 | 89 | 488 | |
9901 |
-9,622 | 4,339 | -29,543 | -25,261 | -10,897 | -15,682 | 3,083 | -6,981 | -23,692 | -14,119 | -7,637 | -1,465 | -193 | -5,596 | 3,138 | 20,067 | -20,394 | |
75/76B |
- | - | - | - | - | - | - | - | - | - | 6 | 5 | - | 14 | 210 | 145 | 89 | |
75 |
- | - | - | - | - | - | - | - | - | - | 6 | 5 | - | 14 | 210 | 145 | 89 | |
65/66B |
45 | 279 | 202 | 296 | 76 | 361 | 171 | 206 | 210 | 60 | 61 | 222 | 91 | 83 | - | 67 | 169 | |
65 |
45 | 279 | 202 | 296 | 76 | 361 | 171 | 206 | 210 | 60 | 61 | 222 | 91 | 83 | - | 67 | 169 | |
9903 |
-9,667 | 4,060 | -29,745 | -25,557 | -10,973 | -16,044 | 2,912 | -7,186 | -23,902 | -14,179 | -7,693 | -1,682 | -284 | -5,665 | 3,347 | 20,146 | -20,474 | |
67/77 |
- | - | 165 | 6,281 | - | - | - | - | - | - | - | 1,288 | 2,791 | 409 | 2,163 | 586 | 13 | |
9904 |
-9,667 | 4,060 | -29,910 | -31,837 | -10,973 | -16,044 | 2,912 | -7,186 | -23,902 | -14,179 | -7,693 | -2,971 | -3,075 | -6,074 | 1,184 | 19,559 | -20,487 | |
9905 |
-9,667 | 4,060 | -29,910 | -31,837 | -10,973 | -16,044 | 2,912 | -7,186 | -23,902 | -14,179 | -7,693 | -2,971 | -3,075 | -6,074 | 1,184 | 19,559 | -20,487 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
-158,141 | -148,474 | -152,534 | -122,624 | -90,786 | -79,814 | -62,167 | -65,079 | -57,893 | -33,991 | -19,812 | -12,119 | -9,149 | -6,074 | 257 | -927 | -20,487 | |
14P |
-148,474 | -152,534 | -122,624 | -90,786 | -79,814 | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | 1,603 | - | - | - | - | - | - | - | 257 | - | - | |
6920 |
- | - | - | - | - | - | 1,603 | - | - | - | - | - | - | - | 257 | - | - | |
| Document | ||||||||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 12-10-2026.
2025 annual accounts filed 73 days after the deadline. Filed on 12 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00564308.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 12-10-2026 | 2026-00564308 | |
| 31-12-2024 | micro format | 09-09-2025 | 2025-00486930 | |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00211388 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00440885 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20417676 | |
| 31-12-2020 | micro format | 14-10-2021 | 2021-72000598 | |
| 31-12-2019 | micro format | 10-07-2020 | 2020-28600053 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-53800283 | |
| 31-12-2017 | full format | 31-08-2018 | 2018-55200177 | |
| 31-12-2016 | full format | 22-08-2017 | 2017-45100182 | |
| 31-12-2015 | full format | 18-08-2016 | 2016-44200377 | |
| 31-12-2014 | full format | 11-08-2015 | 2015-40400384 | |
| 31-12-2013 | full format | 05-07-2014 | 2014-26800493 | |
| 31-12-2012 | full format | 05-08-2013 | 2013-39900120 | |
| 31-12-2011 | full format | 07-08-2012 | 2012-38600072 | |
| 31-12-2010 | full format | 24-08-2011 | 2011-43500346 | |
| 31-12-2009 | full format | 17-06-2010 | 2010-19200519 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -9,204 | 4,757 | -29,125 | -24,068 | -9,704 | -14,490 | 4,275 | -6,563 | -19,648 | -10,075 | -1,754 | 4,403 | 6,506 | -2,410 | 5,501 | 21,077 | - | ||
| -9,249 | 4,478 | -29,492 | -30,645 | -9,780 | -14,851 | 4,105 | -6,768 | -19,858 | -10,135 | -1,809 | 2,898 | 3,624 | -2,888 | 3,548 | 20,569 | - | ||
| 2,800 | 0 | 0 | 0 | 0 | 0 | 3,099 | 4,180 | 0 | 3,100 | 312 | 0 | 22,742 | 3,165 | 5,132 | 3,058 | - | ||
| -450 | -13,456 | -2,606 | -1,319 | 5,722 | -7,203 | 11,331 | -57,756 | 55,712 | 10,559 | -38,185 | 39,629 | 958 | -50,412 | 10,166 | 35,808 | - | ||
| -151,829 | -139,780 | -144,258 | -114,766 | -84,121 | -74,341 | -59,490 | -60,496 | -49,548 | -29,690 | -15,542 | -14,334 | -17,232 | 1,887 | 7,940 | 9,523 | -7,987 | ||
| -226.5% | -301.6% | -141.3% | -47.9% | -35.6% | -28.9% | -16.0% | -16.6% | -20.9% | -34.4% | -30.2% | 1.0% | 14.5% | 23.4% | 16.8% | 11.2% | -130.5% | ||
| 0.27 | 0.22 | 0.39 | 0.66 | 0.71 | 0.75 | 0.83 | 0.84 | 0.81 | 0.64 | 0.47 | 0.78 | 0.19 | 1.09 | 1.13 | 1.10 | 0.43 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | 5.92 | 3.28 | 4.96 | 7.96 | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | -85.2% | -90.9% | 9.3% | 169.0% | - | ||
| -15.2% | 9.1% | -30.6% | -14.1% | -5.1% | -7.1% | 0.9% | -2.3% | -11.1% | -23.0% | -33.0% | -4.6% | -12.3% | -21.2% | 1.6% | 18.9% | -334.6% | ||
| -206.56 | 17.05 | -144.03 | -81.43 | -127.58 | - | - | - | - | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Financial fixed assets | €2,800 | - | - | - | - |
| €418 | €418 | €418 | €1,193 | €1,193 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €9,622, after a profit of €4,339 in 2024.
Equity is negative. Debt (€207,258) exceeds the balance-sheet total (€63,477).
PROGRESSIA PARTNERS has no parent and no holdings in its annual accounts. is the only director. PROGRESSIA PARTNERS shares no director with another company.
| VOLKSWAGEN INTERNATIONAL BELGIUM
registered office since 02-06-1986 · founded in 1991 · group VOLKSWAGEN AKTIENGESELLSCHAFT |
total assets €11.14bn (2025) 0443.615.642 |
| VINCI FINANCE INTERNATIONAL
registered office since 16-12-2008 · founded in 2008 · group VINCI |
total assets €10.88bn (2025) 0808.448.181 |
| EDF INVESTISSEMENTS GROUPE
registered office since 18-12-2007 · founded in 2007 · group ELECTRICITE DE FRANCE |
total assets €7.59bn (2025) 0894.284.867 |
| VOLKSWAGEN FINANCE BELGIUM
registered office since 23-12-2003 · founded in 2003 · group VOLKSWAGEN AKTIENGESELLSCHAFT |
total assets €1.32bn (2025) 0862.385.824 |
| LEON INVESTMENTS
registered office since 19-09-1997 · founded in 1997 |
total assets €201.5m (2025) 0461.004.673 |
| Alyzia Belgium
registered office since 29-06-2020 · founded in 2020 |
780 FTE (2025) 0749.517.020 |
| CORAL INVESTMENTS
registered office since 19-09-1997 · founded in 1997 |
total assets €75.1m (2025) 0461.004.574 |
| TOVA INVESTMENT
registered office since 15-02-2008 · founded in 2008 |
total assets €60.3m (2025) 0895.739.174 |
| SimCorp Benelux SA/NV
establishment since 20-01-2000 · founded in 2000 · group Deutsche Börse Aktiengesellschaft |
35 FTE (2025) 0469.597.883 |
| YSG GROUP HOLDINGS
establishment since 15-11-2022 · founded in 2022 |
total assets €28.6m (2025) 0793.586.791 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Louizalaan 143 registered office 1050 Ixelles | 21-10-2009 | 2.181.826.047 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21807G0089/00A007 | 1,907 m² | 1 · 1,788 m² | 32.0 m · 2 |
If something looks wrong or is missing, please tell us.