PROGRESSIM
ActivePROGRESSIM has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.81M and a net result of €544k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 92% of 7932 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650k at 30 days acceptable
Liquidity ample (current ratio 10.55 against 10.51 in 2024; short-term debt: 9.4% and cash: 12.2% of total assets), and 10% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
90%
Return on assets
6.3%
Age of the figures
12 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-03-2026, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 d early
2024
15 d early
2023
28 d early
2022
16 d early
2021
8 d early
2020
7 d early
2019
8 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€7.81M▲ 7.5%
2024 · €7.27M
2018: €4.75M
2019: €5.25M
2020: €5.54M
2021: €6.04M
2022: €6.33M
2023: €6.78M
2024: €7.27M
2018 → 2025
Total assets
€8.68M▲ 7.2%
2024 · €8.10M
2018: €6.55M
2019: €6.55M
2020: €6.13M
2021: €6.68M
2022: €7.21M
2023: €7.64M
2024: €8.10M
2018 → 2025
Net result
€544k▲ 11.8%
2024 · €487k
2018: €1.52M
2019: €558k
2020: €495k
2021: €496k
2022: €542k
2023: €447k
2024: €487k
2018 → 2025
Working capital
€7.77M▲ 7.6%
2024 · €7.22M
2018: €4.72M
2019: €4.75M
2020: €5.25M
2021: €6.01M
2022: €6.31M
2023: €6.77M
2024: €7.22M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6.04M-€6.33M▲ 4.9%€6.78M▲ 7.1%€7.27M▲ 7.2%€7.81M▲ 7.5%
Operating result€637k-€592k▼ 7.1%€591k▼ 0.1%€662k▲ 12.0%€562k▼ 15.1%
Net result€496k-€542k▲ 9.1%€447k▼ 17.5%€487k▲ 8.9%€544k▲ 11.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.68M
Fixed assets
€100k▼ 19.9%
Current assets
€8.58M▲ 7.6%
Equity and liabilities €8.68M
Equity
€7.81M▲ 7.5%
Debt
€865k▲ 4.3%
The debt ratio falls from 10.2% to 10.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€587k▼
2024 · €678k
Cash flow
€570k▲
2024 · €503k
Solvency
90.0%▲
2024 · 89.8%
Current ratio
10.55▲
2024 · 10.51
Quick ratio
10.20▼
2024 · 10.30
Debt / equity
0.11▼
2024 · 0.11
ROE
7.0%▲
2024 · 6.7%
ROA
6.3%▲
2024 · 6.0%
Interest coverage
17.08▲
2024 · 6.06
Debt
€865k▲
2024 · €829k
Debt ≤ 1 year
€813k▲
2024 · €758k
Debt > 1 year
€51k▼
2024 · €70k
Income taxes
€225k▼
2024 · €236k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€8.10M€8.68M▲
Fixed assets21/28€125k€100k▼
Tangible fixed assets22/27€120k€96k▼
Land and buildings22€21k€18k▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€5k€3k▼
Leasing and similar rights25€88k€69k▼
Financial fixed assets28€4k€4k=
Current assets29/58€7.97M€8.58M▲
Stocks and contracts in progress3€163k€285k▲
Stocks30/36€163k€285k▲
Amounts receivable within one year40/41€1.44M€1.22M▼
Trade receivables40€1.31M€1.07M▼
Other amounts receivable41€126k€150k▲
Current investments50/53€5.92M€6.01M▲
Cash at bank and in hand54/58€444k€1.06M▲
Deferred charges and accrued income490/1€6k€8k▲
Equity and liabilities
Total equity and liabilities10/49€8.10M€8.68M▲
Equity10/15€7.27M€7.81M▲
Contributions10/11€1.55M€1.55M=
Capital10€1.55M€1.55M=
Issued capital100€1.55M€1.55M=
Reserves13€5.72M€6.27M▲
Non-distributable reserves130/1€155k€155k=
Legal reserve130€155k€155k=
Tax-exempt reserves132€768k€852k▲
Distributable reserves133€4.80M€5.26M▲
Amounts payable17/49€829k€865k▲
Amounts payable after more than one year17€70k€51k▼
Financial debts170/4€70k€51k▼
Amounts payable within one year42/48€758k€813k▲
Current portion of amounts payable after more than one year42€18k€18k▲
Financial debts43-€2k
Credit institutions430/8-€2k
Trade debts44€702k€747k▲
Suppliers440/4€702k€747k▲
Taxes, remuneration and social security45€39k€46k▲
Taxes450/3€39k€46k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€721€0▼
Income statement
Code20242025
Non-recurring operating income76A€37k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€26k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-5k
Other operating charges640/8€6k€13k▲
Gross operating margin9900€683k€595k▼
Operating profit (loss)9901€662k€562k▼
Financial income75/76B€173k€242k▲
Recurring financial income75€173k€242k▲
Financial charges65/66B€112k€34k▼
Recurring financial charges65€112k€34k▼
Profit (loss) for the period before taxes9903€723k€769k▲
Income taxes67/77€236k€225k▼
Profit (loss) for the period9904€487k€544k▲
Transfer from tax-exempt reserves789€142k€168k▲
Transfer to tax-exempt reserves689€253k€253k=
Profit (loss) for the period to be appropriated9905€377k€460k▲
Appropriation of the result
Profit (loss) to be appropriated9906€377k€460k▲
Transfer to equity691/2€377k€460k▲
To other reserves6921€377k€460k▲
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Weakest financial yearnet €447k ▼17.5%
Net result drops to €447k, the lowest in the series; recovery starts the following year.
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Equity above €5MEq €5.25M ▲10.4%
2 profitable years in a row build equity to €5.25M.
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Wortegem-Petegem · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oudenaardseweg (W.-M.) 859790 Wortegem-PetegemGround area
1,773 m²
Building footprint
324 m²
Volume, LiDAR
2,006 m³
Parcel 45025A0154/00L000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PROGESSIM
since 20022.101.626.051
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45025A0154/00L000 | Flanders | 1,773 m² | 1 · 324 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWortegem-Petegem2.101.626.051
Legal Entity Identifier
967600X9MALFMWMING46
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Of 6,157 companies in sector 46190 we hold annual accounts for 2,567. 300 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-11-2001
Fiscal year end30-09
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.