PROGRESSIM
ActiveSummary
PROGRESSIM has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.8m and a net result of €544,473. Equity has been growing by about 7% per year since 2019. Its solvency ranks better than 92% of 9,848 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-11-2001 Normal situation
- Activity
- Agents in non-specialised wholesale trade NACE 46190
- Establishment unit
- 2.101.626.051 9790 Wortegem-Petegem, since 06-02-2002
- Financial year end
- 30 September
- Peppol
- Reachable since 21-10-2026
Board and ownership
Board
- VERBRUGGE,Geert Albert WernerManaging director
- GEKIERE,Hilde Kristiane MarleenDirector · since 03-11-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts to 30-09-2025
- Gross margin
- €595,491
- ▼ 12.9%
- Turnover
- ≈ €3.0m
- estimated
- Profit
- €544,473
- ▲ 11.8%
- Equity
- €7.8m
- ▲ 7.5%
- Total assets
- €8.7m
- ▲ 7.2%
Score breakdownlowers riskSize: total assets €8.7mFounded in 2001Figures for financial year 2025 (filed on 27-03-2026)Equity €7.8m (90.0% of total assets)Show the evidence
Checked score
Score 2025
97
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 78% of small companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Strong
Solvency
100=
equity 90.0% of total assets
Liquidity
65+8
short-term debt 9.4% · cash 12.2%
Profitability
77+1
return on assets 6.3%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: 0.1%▲ +0.1 percentage points vs 03-2025highest value
05-2025: < 0.1%▼ -0.1 percentage points vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €750,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 10.55 (10.51 in 2024), above the usual 1.5. Short-term debt is 9.4% and cash 12.2% of total assets. 10% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 92% of them on solvency, 84% on liquidity, 75% on profitability and 61% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskneutral
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 days early
2024
15 days early
2023
28 days early
2022
16 days early
2021
8 days early
2020
7 days early
2019
8 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 17 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 14 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end03-11-2026 today30-04-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 27-03-2026 PDF all 24 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €3.0m
Estimated: probably between €1.9m and €5.1m
Total assets
€8.7m▲ 7.2%
2024 · €8.1m
Net result
€544,473▲ 11.8%
2024 · €487,205
Working capital
€7.8m▲ 7.6%
2024 · €7.2m
In the rankings
#2 company by equity in Wortegem-Petegem, Wholesale and retail trade sector#4 company by total assets in Wortegem-Petegem, Wholesale and retail trade sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€561,564
▼ 15.1%
2025
20192025
Net result
€544,473
▲ 11.8%
2025
highest quarter of the sector
20192025
Equity
€7.8m
▲ 7.5%
2025
highest quarter of the sector
20192025
Total assets
€8.7m
▲ 7.2%
2025
highest quarter of the sector
20192025
Debt
€864,873
▲ 4.3%
2025
20192025
Working capital
€7.8m
▲ 7.6%
2025
highest quarter of the sector
20192025
Solvency
90.0%
▲ 0.3pp
2025
highest quarter of the sector
20192025
Current ratio
10.55
▲ 0.03
2025
highest quarter of the sector
20192025
Return on assets (ROA)
6.3%
▲ 0.3pp
2025
middle half of the sector
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.5m-€0.5m▼ 1.9%€0.6m▲ 19.2%€0.6m▼ 7.1%€0.6m▼ 0.1%€0.7m▲ 12.0%€0.6m▼ 15.1%
Net result€0.5m-€0.3mabove the sector's middle half▼ 41.4%€0.5mabove the sector's middle half▲ 71.0%€0.5mabove the sector's middle half▲ 9.1%€0.4mabove the sector's middle half▼ 17.5%€0.5mabove the sector's middle half▲ 8.9%€0.5mabove the sector's middle half▲ 11.8%
Equity€5.2m-€5.5mabove the sector's middle half▲ 5.5%€6.0mabove the sector's middle half▲ 9.0%€6.3mabove the sector's middle half▲ 4.9%€6.8mabove the sector's middle half▲ 7.1%€7.3mabove the sector's middle half▲ 7.2%€7.8mabove the sector's middle half▲ 7.5%
Total assets€6.1m-€6.0mabove the sector's middle half▼ 2.3%€6.7mabove the sector's middle half▲ 11.5%€7.2mabove the sector's middle half▲ 8.0%€7.6mabove the sector's middle half▲ 6.0%€8.1mabove the sector's middle half▲ 6.0%€8.7mabove the sector's middle half▲ 7.2%
Debt€0.9m-€0.4m▼ 48.8%€0.6m▲ 42.2%€0.9m▲ 37.1%€0.9m▼ 1.9%€0.8m▼ 3.6%€0.9m▲ 4.3%
Working capital€5.2m-€5.5mabove the sector's middle half▲ 5.5%€6.0mabove the sector's middle half▲ 8.6%€6.3mabove the sector's middle half▲ 5.1%€6.8mabove the sector's middle half▲ 7.2%€7.2mabove the sector's middle half▲ 6.6%€7.8mabove the sector's middle half▲ 7.6%
Solvency85.7%-92.5%above the sector's middle half▲ 6.8pp90.4%above the sector's middle half▼ 2.1pp87.8%above the sector's middle half▼ 2.6pp88.7%above the sector's middle half▲ 0.9pp89.8%above the sector's middle half▲ 1.0pp90.0%above the sector's middle half▲ 0.3pp
Current ratio6.97-13.30above the sector's middle half▲ 6.3310.40above the sector's middle half▼ 2.918.24above the sector's middle half▼ 2.168.91above the sector's middle half▲ 0.6710.51above the sector's middle half▲ 1.6010.55above the sector's middle half▲ 0.03
Return on assets (ROA)8.1%-4.8%within the sector's middle half▼ 3.2pp7.4%within the sector's middle half▲ 2.6pp7.5%within the sector's middle half▲ 0.1pp5.9%within the sector's middle half▼ 1.7pp6.0%within the sector's middle half▲ 0.2pp6.3%within the sector's middle half▲ 0.3pp
Staff (FTE)0-0below the sector's middle half0below the sector's middle half
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 15% lower than in 2024 and the lowest since 2021.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.7m
Fixed assets
€99,822 ▼ 19.9%
Current assets
€8.6m ▲ 7.6%
Equity and liabilities €8.7m
Equity
€7.8m ▲ 7.5%
Debt
€864,873 ▲ 4.3%
Debt's share of the balance-sheet total falls from 10.2% to 10.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€587,292▼
2024 · €677,808
Cash flow
€570,201▲
2024 · €503,275
Quick ratio
10.20▼
2024 · 10.30
Debt to equity
0.11▼
2024 · 0.11
ROE
7.0%▲
2024 · 6.7%
Interest coverage
17.08▲
2024 · 6.06
Debt ≤ 1 year
€813,462▲
2024 · €758,352
Debt > 1 year
€51,411▼
2024 · €69,868
Income taxes
€224,747▼
2024 · €235,952
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | €87,570 | €69,868 |
| Debts guaranteed by Belgian public bodies | - | - | - | €17,701 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €26,247 | €1,817 | €702 | €125,371 | €907 |
| Financial fixed assets | - | €4,200 | - | - | - |
| Depreciation and write-downs of the year | €5,778 | €9,354 | €9,547 | €16,071 | €25,728 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €37,000 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,739 | €4,450 | €5,778 | €9,354 | €9,547 | €16,071 | €25,728 | ▲ 60.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €4,896 | - | - | -€4,896 | - |
| Other operating charges640/8 | - | - | €4,245 | €5,632 | €7,168 | €5,627 | €13,095 | ▲ 133% |
| Gross operating margin9900 | €538,492 | €543,283 | €647,162 | €611,503 | €607,765 | €683,435 | €595,491 | ▼ 12.9% |
| Operating profit (loss)9901 | €544,994 | €534,369 | €637,139 | €591,621 | €591,050 | €661,737 | €561,564 | ▼ 15.1% |
| Financial income75/76B | - | - | €168,634 | €207,100 | €194,928 | €173,286 | €242,033 | ▲ 39.7% |
| Recurring financial income75 | €208,282 | €162,148 | €168,634 | €207,100 | €194,928 | €173,286 | €242,033 | ▲ 39.7% |
| Financial charges65/66B | - | - | €81,906 | €13,292 | €111,911 | €111,867 | €34,377 | ▼ 69.3% |
| Recurring financial charges65 | €29,226 | €247,525 | €81,906 | €13,292 | €111,911 | €111,867 | €34,377 | ▼ 69.3% |
| Profit (loss) for the period before taxes9903 | €740,019 | €448,993 | €723,867 | €785,429 | €674,067 | €723,156 | €769,220 | ▲ 6.4% |
| Income taxes67/77 | €244,657 | €158,682 | €227,435 | €243,581 | €226,869 | €235,952 | €224,747 | ▼ 4.7% |
| Profit (loss) for the period9904 | €495,363 | €290,311 | €496,432 | €541,848 | €447,199 | €487,205 | €544,473 | ▲ 11.8% |
| Transfer from tax-exempt reserves789 | - | - | €124,000 | €124,000 | €266,400 | €142,400 | €168,400 | ▲ 18.3% |
| Transfer to tax-exempt reserves689 | - | - | €168,400 | €168,400 | €168,400 | €252,600 | €252,600 | = |
| Profit (loss) for the period to be appropriated9905 | €352,963 | €271,911 | €452,032 | €497,448 | €545,199 | €377,005 | €460,273 | ▲ 22.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €6.1m | €6.0m | €6.7m | €7.2m | €7.6m | €8.1m | €8.7m | ▲ 7.2% |
| Formation expenses20 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €0.004m | €0.007m | €0.03m | €0.02m | €0.02m | €0.1m | €0.1m | ▼ 19.9% |
| Intangible fixed assets21 | €0 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.004m | €0.007m | €0.03m | €0.02m | €0.01m | €0.1m | €0.1m | ▼ 20.6% |
| Land and buildings22 | - | - | €63 | - | - | €0.02m | €0.02m | ▼ 11.0% |
| Plant, machinery and equipment23 | - | - | €0.003m | €0.002m | €0.002m | €0.006m | €0.004m | ▼ 26.3% |
| Furniture and vehicles24 | - | - | €0.02m | €0.02m | €0.01m | €0.005m | €0.003m | ▼ 38.1% |
| Leasing and similar rights25 | - | - | - | - | - | €0.09m | €0.07m | ▼ 21.4% |
| Financial fixed assets28 | €75 | €75 | €75 | €0.004m | €0.004m | €0.004m | €0.004m | = |
| Current assets29/58 | €6.1m | €6.0m | €6.6m | €7.2m | €7.6m | €8.0m | €8.6m | ▲ 7.6% |
| Stocks and contracts in progress3 | €0.1m | €0.07m | €0.05m | €0.2m | €0.4m | €0.2m | €0.3m | ▲ 74.7% |
| Stocks30/36 | - | - | €0.05m | €0.2m | €0.4m | €0.2m | €0.3m | ▲ 74.7% |
| Amounts receivable within one year40/41 | €1.0m | €0.6m | €0.9m | €1.0m | €1.3m | €1.4m | €1.2m | ▼ 15.2% |
| Trade receivables40 | - | - | €0.9m | €1.0m | €1.2m | €1.3m | €1.1m | ▼ 18.6% |
| Other amounts receivable41 | - | - | €0.01m | €0.01m | €0.09m | €0.1m | €0.2m | ▲ 19.5% |
| Current investments50/53 | €4.4m | €4.7m | €5.3m | €5.3m | €5.4m | €5.9m | €6.0m | ▲ 1.4% |
| Cash at bank and in hand54/58 | €0.6m | €0.6m | €0.4m | €0.7m | €0.5m | €0.4m | €1.1m | ▲ 139% |
| Deferred charges and accrued income490/1 | - | - | €0.001m | €0.003m | €0.003m | €0.006m | €0.008m | ▲ 26.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €6.1m | €6.0m | €6.7m | €7.2m | €7.6m | €8.1m | €8.7m | ▲ 7.2% |
| Equity10/15 | €5.2m | €5.5m | €6.0m | €6.3m | €6.8m | €7.3m | €7.8m | ▲ 7.5% |
| Contributions10/11 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Capital10 | - | - | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Issued capital100 | - | - | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Reserves13 | €3.7m | €4.0m | €4.5m | €4.8m | €5.2m | €5.7m | €6.3m | ▲ 9.5% |
| Non-distributable reserves130/1 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Legal reserve130 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Tax-exempt reserves132 | - | - | €0.7m | €0.8m | €0.7m | €0.8m | €0.9m | ▲ 11.0% |
| Distributable reserves133 | - | - | €3.6m | €3.9m | €4.4m | €4.8m | €5.3m | ▲ 9.6% |
| Profit (loss) carried forward14 | €0 | €0 | - | - | - | - | - | - |
| Amounts payable17/49 | €0.9m | €0.4m | €0.6m | €0.9m | €0.9m | €0.8m | €0.9m | ▲ 4.3% |
| Amounts payable after more than one year17 | - | - | - | - | - | €0.07m | €0.05m | ▼ 26.4% |
| Financial debts170/4 | - | - | - | - | - | €0.07m | €0.05m | ▼ 26.4% |
| Amounts payable within one year42/48 | €0.9m | €0.4m | €0.6m | €0.9m | €0.9m | €0.8m | €0.8m | ▲ 7.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €0.02m | €0.02m | ▲ 4.3% |
| Financial debts43 | - | - | - | - | - | - | €0.002m | - |
| Credit institutions430/8 | - | - | - | - | - | - | €0.002m | - |
| Trade debts44 | €0.4m | €0.4m | €0.6m | €0.8m | €0.8m | €0.7m | €0.7m | ▲ 6.5% |
| Suppliers440/4 | - | - | €0.6m | €0.8m | €0.8m | €0.7m | €0.7m | ▲ 6.5% |
| Taxes, remuneration and social security45 | - | - | €0.04m | €0.05m | €0.03m | €0.04m | €0.05m | ▲ 17.6% |
| Taxes450/3 | - | - | €0.04m | €0.05m | €0.03m | €0.04m | €0.05m | ▲ 17.6% |
| Other amounts payable47/48 | - | - | €0.004m | €0.008m | €0.003m | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.004m | €0.004m | €0.001m | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €495,363 | €290,311 | €496,432 | €541,848 | €447,199 | €487,205 | €544,473 | ▲ 11.8% |
| + Depreciation and write-downs630 | €3,739 | €4,450 | €5,778 | €9,354 | €9,547 | €16,071 | €25,728 | ▲ 60.1% |
| Operating cash flow (approximation) | €499,102 | €294,761 | €502,210 | €551,202 | €456,746 | €503,275 | €570,201 | ▲ 13.3% |
| Investment in fixed assets (approximation) | - | -€7,697 | -€26,247 | -€6,017 | -€702 | -€125,371 | -€907 | ▲ 99.3% |
| Change in cash | - | €37,236 | -€195,890 | €249,400 | -€236,478 | -€19,133 | €617,964 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,579 companies had the same profile as PROGRESSIM has now. Two years later, 96.7% were still going and 0.1% had gone bankrupt.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
96.7%
was still going
3.2%
stopped otherwise
0.1%
went bankrupt
That fits the bankruptcy probability of PROGRESSIM itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,579 companies, not a prediction for PROGRESSIM. 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.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 27-03-2026 | 2026-00064253 | |
| 30-09-2024 | abbreviated format | 15-04-2025 | 2025-00072694 | |
| 30-09-2023 | abbreviated format | 02-04-2024 | 2024-00054986 | |
| 30-09-2022 | abbreviated format | 14-04-2023 | 2023-00062967 | |
| 30-09-2021 | abbreviated format | 22-04-2022 | 2022-20007932 | |
| 30-09-2020 | abbreviated format | 23-04-2021 | 2021-11000587 | |
| 30-09-2019 | abbreviated format | 22-04-2020 | 2020-09600232 | |
| 30-09-2018 | abbreviated format | 26-04-2019 | 2019-10900245 | |
| 30-09-2017 | abbreviated format | 11-04-2018 | 2018-09600081 | |
| 30-09-2016 | abbreviated format | 03-04-2017 | 2017-08400501 |
Board & ownership
Directors
Directors
2 directors, 1 in day-to-day management
Day-to-day management 1
VERBRUGGE,Geert Albert Werner
Current
Managing director · in office according to the act of 13-11-2023
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Uitoefening van de externe vertegenwoordigingsmacht De raad van bestuur vertegenwoordigt als college de vennootschap in alle handelingen in…”
deed of 13-11-2023Owners and capital
Shareholders
Stated in the act
act of 13-11-2023 ↗
- VERBRUGGE,Geert Albert Werner all shares
Capital transactions
Capital over time
- 13-11-2023 Capital stated in the deed · €1,546,500 · 5,443 shares
Mandate history
2 people, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| GEKIERE,Hilde Kristiane Marleen |
|
| VERBRUGGE,Geert Albert Werner |
|
Network & group
PROGRESSIM shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of PROGRESSIM. Every other company they run is a node.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
27-03
abbreviated format · 34 days before the deadline
2025
30-09
Financial
Highest result from 2019 to 2025net €544,473 ▲11.8%
The net result of €544,473 is the highest of those years.
15-04
abbreviated format · 15 days before the deadline
2024
02-04
abbreviated format · 28 days before the deadline
2023
13-11
Gazette deed
Amendment of the articles · Resignations & appointmentsReappointments: VERBRUGGE,Geert Albert Werner (director) and GEKIERE,Hilde Kristiane Marleen (director) · Incorporation · Shareholding13 points ▸
Gazette deed
Amendment of the articles · Resignations & appointments
Reappointments: VERBRUGGE,Geert Albert Werner (director) and GEKIERE,Hilde Kristiane Marleen (director) · Incorporation · Shareholding13 points ▸
- General meeting, 03-11-2023
- Incorporation, 23-11-2001
- Other provision, “Gent afdeling Oudenaarde, BE476.191.905” (deed in Dutch)
- General meeting, 04-07-2014
- VERBRUGGE,Geert Albert Werner holds all the shares
- Amendment of the articles, mentioned 2 times in the deed
- Capital, €1,546,500
- Other provision, “coördinatie statuten, opdracht aan ondergetekende notaris om coördinatie op te maken en te ondertekenen en neerlegging te verzorgen” (deed in Dutch)
- Director reappointment, VERBRUGGE,Geert Albert Werner (director)
- Director reappointment, GEKIERE,Hilde Kristiane Marleen (director)
- Board meeting, “herbenoeming gedelegeerd bestuurder”, 2029-03 (deed in Dutch)
- Director reappointment, VERBRUGGE,Geert Albert Werner (managing director)
- The act holds 1 more point.
14-04
abbreviated format · 16 days before the deadline
2022
22-04
abbreviated format · 8 days before the deadline
2021
23-04
abbreviated format · 7 days before the deadline
2020
30-09
Financial
Weakest financial yearnet €290,311 ▼41.4%
The net result drops to €290,311, the lowest from 2019 to 2025. It recovers the following year.
22-04
abbreviated format · 8 days before the deadline
2019
26-04
abbreviated format · 4 days before the deadline
2018
11-04
abbreviated format · 19 days before the deadline
2017
03-04
abbreviated format · 27 days before the deadline
2001
11-12
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
PROGRESSIM in Dutch
Enterprise number
0476.191.905
LEI code
967600X9MALFMWMING46
no longer live in the LEI register
Legal form
Public limited company
Status
Active, normale toestand
Founded
28-11-2001
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 13-11-2023 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest, bestuursorgaan”
deed of 13-11-2023 (in Dutch)Registered office and establishments
Registered office
Oudenaardseweg (W.-M.) 85, 9790 Wortegem-Petegem, Belgium
Establishment unit
PROGESSIM, Oudenaardseweg (W.-M.) 85, 9790 Wortegem-Petegem since 06-02-2002 · unit number 2.101.626.051
Activities
NACEBEL 202546190
Agents in non-specialised wholesale trade main activity
Codes under NACEBEL 2008
46190
Wholesale trade main activity
Codes under NACEBEL 2003
51190
main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 13-11-2023 (in Dutch)
“De aan- en verkoop, in- en uitvoer, commissiehandel en vertegenwoordiging van om het even welke goederen, kortom tussenpersoon in de handel…”
7 activities
- De aan- en verkoop, in- en uitvoer, commissiehandel en vertegenwoordiging van om het even welke goederen, kortom tussenpersoon in de handel.
- Het waarnemen van alle bestuurs- of analoge opdrachten en functies in andere vennootschappen, het directievoeren over ondernemingen, het uitoefenen van de functie van vereffenaar.
- Het verlenen van dienstprestaties van economische aard, zowel in eigen beheer als in deelname met derden, onder meer onder de vorm van assistentie op het gebied van, commercieel, administratief, financieel, technisch en industrieel advies.
- Het kopen, en verkopen, het huren en verhuren, alsook het bouwen en verbouwen, beheren van alle roerende en onroerende goederen.
- Het rechtstreeks of onrechtstreeks deelnemen aan de werking van andere vennootschappen of bedrijvigheden van om het even welke wettelijk toegestane activiteit, of die een activiteit uitoefenen waardoor samenwerking nuttig kan zijn en dit door inbreng, versmelting, samenwerking, participatie of op gelijk welke andere wijze.
- Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren, onder om het even welke vorm, in dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruime zin, alle handels- en financiële operaties verrichten, behalve die wettelijke verbonden zijn aan depositobanken, spaarkassen, hypotheekmaatschappijen en kapitalisatieondernemingen.
- Het onderzoeken, ontwikkelen, kopen, verkopen, in licentie nemen of geven van octrooien, know-how en aanverwante immateriële duurzame activa, alsook van nieuwe producten en productieprocédé's. Het verwerven, beheren en in waarde stellen van brevetten, octrooien en licenties en andere intellectuele rechten.
Invoicing and payment
VAT number
BE 0476.191.905
Financial year and general meeting
Accounts at the NBBFinancial year end
30-09
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Saturday of March at 11:00
deed of 13-11-2023 (in Dutch)Recognitions · licences · registrations
Food safety, FASFC
1 siteWortegem-Petegemunit number 2.101.626.051
Sites & property
Location
Buildings and parcels at the address
Ground area
1,773 m²
Building footprint
324 m²
Building volume
2,006 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45025A0154/00L000 | Flanders | 1,773 m² | 1 · 324 m² | 10.7 m · 2 |