PROGRESSING
Open bankruptcyA bankruptcy procedure is open for PROGRESSING according to publications in the Belgian State Gazette; curator: GREGORY WILKIN.
Summary
The 2024 annual accounts show negative equity (-€53,852) and a net result of -€19,781.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Antwerp division
- Declared bankrupt
- 9 September 2025
- Supervising judge
- Joris De Fre
- Official Gazette
- 15-09-2025 (pdf) ↗search the document for 2025/136570
Curator
- Gregory WilkinLange Lozanastraat 262, 2018 Antwerpen 1faillissement@mastermindlaw.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
Embed in an article
Writing about this bankruptcy? Put the card of PROGRESSING in your article: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Preview
The preview appears here.
- Stays current: the status follows the register, the figures are those of the latest filed accounts. No Checked score or verdict.
- Light on your page: one small script and one data request, also answered from a cache; no cookies, no tracking.
- Where scripts do not run (a newsletter, a feed reader) a plain link remains.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€53,852
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 Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Cafés and bars sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€159,097▲ 100%
2023 · €79,401
EBIT margin
-11.1%▲ 22.3pp
2023 · -33.5%
Net result
-€19,781▲ 30.0%
2023 · -€28,259
Working capital
-€77,223▼ 36.3%
2023 · -€56,654
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
Line20202021202220232024
Turnover€79,401€159,097▲ 100%
Operating result€4,634€3,432▼ 25.9%-€13,025-€26,570▼ 104%-€17,705▲ 33.4%
Net result€2,779€151▼ 94.6%-€14,441-€28,259▼ 95.7%-€19,781▲ 30.0%
EBIT margin-33.5%-11.1%▲ 22.3pp
Equity€8,479▲ 48.8%€8,630▲ 1.8%-€5,811-€34,070▼ 486%-€53,852▼ 58.1%
Total assets€89,820▲ 36.7%€73,591▼ 18.1%€37,092▼ 49.6%€50,354▲ 35.8%€54,733▲ 8.7%
Debt€81,341▲ 35.6%€64,961▼ 20.1%€42,903▼ 34.0%€84,424▲ 96.8%€108,585▲ 28.6%
Working capital€26,363▼ 20.6%€24,401▼ 7.4%€6,545▼ 73.2%-€56,654-€77,223▼ 36.3%
Staff (FTE)0.8
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17,705 in 2024 against €26,570 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €54,733
Fixed assets
€27,386 ▼ 10.3%
Current assets
€27,347 ▲ 38.0%
Key figures and ratios
EBITDA
-€14,382▲
2023 · -€23,070
Cash flow
-€16,458▲
2023 · -€24,758
Solvency
-98.4%▼
2023 · -67.7%
Current ratio
0.26▲
2023 · 0.26
Quick ratio
0.22▲
2023 · 0.20
Debt to equity
-2.02▲
2023 · -2.48
ROA
-36.1%▲
2023 · -56.1%
Interest coverage
-6.93▲
2023 · -13.66
Debt ≤ 1 year
€104,570▲
2023 · €76,473
Debt > 1 year
€4,015▼
2023 · €7,951
Staff costs
€818▲
2023 · €17
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €79,401 | €159,097 | ▲ 100% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €97,948 | €166,603 | ▲ 70.1% |
| Remuneration, social security and pensions62 | - | €53 | - | €17 | €818 | ▲ 4,833% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €372 | €294 | €294 | €3,500 | €3,323 | ▼ 5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €3,913 | - | - |
| Other operating charges640/8 | - | €2,432 | €2,628 | €594 | €6,059 | ▲ 920% |
| Non-recurring operating charges66A | - | €750 | - | - | - | - |
| Gross operating margin9900 | €17,659 | €6,961 | -€10,103 | -€18,547 | -€7,505 | ▲ 59.5% |
| Operating profit (loss)9901 | €4,634 | €3,432 | -€13,025 | -€26,570 | -€17,705 | ▲ 33.4% |
| Financial income75/76B | - | €4 | €176 | - | €0 | - |
| Recurring financial income75 | €95 | €4 | €176 | - | €0 | - |
| Financial charges65/66B | - | €3,286 | €1,593 | €1,689 | €2,076 | ▲ 23.0% |
| Recurring financial charges65 | €1,950 | €3,286 | €1,593 | €1,689 | €2,076 | ▲ 23.0% |
| Non-recurring financial charges66B | - | - | - | - | €0 | - |
| Profit (loss) for the period before taxes9903 | €2,779 | €151 | -€14,441 | -€28,259 | -€19,781 | ▲ 30.0% |
| Profit (loss) for the period9904 | €2,779 | €151 | -€14,441 | -€28,259 | -€19,781 | ▲ 30.0% |
| Profit (loss) for the period to be appropriated9905 | €2,779 | €151 | -€14,441 | -€28,259 | -€19,781 | ▲ 30.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €89,820 | €73,591 | €37,092 | €50,354 | €54,733 | ▲ 8.7% |
| Fixed assets21/28 | €6,775 | €3,532 | €3,238 | €30,535 | €27,386 | ▼ 10.3% |
| Intangible fixed assets21 | - | - | - | €22,500 | €20,000 | ▼ 11.1% |
| Tangible fixed assets22/27 | €4,053 | €809 | €515 | €1,415 | €766 | ▼ 45.8% |
| Plant, machinery and equipment23 | - | €809 | €515 | €148 | €133 | ▼ 10.3% |
| Furniture and vehicles24 | - | - | - | €1,267 | €633 | ▼ 50.0% |
| Financial fixed assets28 | €2,723 | €2,723 | €2,723 | €6,620 | €6,620 | = |
| Current assets29/58 | €83,045 | €70,060 | €33,854 | €19,820 | €27,347 | ▲ 38.0% |
| Stocks and contracts in progress3 | €13,480 | €23,430 | €4,930 | €4,730 | €4,730 | = |
| Stocks30/36 | - | €14,730 | €4,730 | - | €4,730 | - |
| Contracts in progress37 | - | €8,700 | €200 | €4,730 | - | - |
| Amounts receivable within one year40/41 | €62,177 | €44,556 | €28,733 | €14,899 | €21,520 | ▲ 44.4% |
| Trade receivables40 | - | €38,559 | €24,654 | €2,009 | €13,981 | ▲ 596% |
| Other amounts receivable41 | - | €5,997 | €4,079 | €12,890 | €7,539 | ▼ 41.5% |
| Cash at bank and in hand54/58 | €6,633 | €88 | €73 | €73 | €1,097 | ▲ 1,413% |
| Deferred charges and accrued income490/1 | - | €1,986 | €119 | €118 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €89,820 | €73,591 | €37,092 | €50,354 | €54,733 | ▲ 8.7% |
| Equity10/15 | €8,479 | €8,630 | -€5,811 | -€34,070 | -€53,852 | ▼ 58.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€10,121 | -€9,970 | -€24,411 | -€52,670 | -€72,452 | ▼ 37.6% |
| Amounts payable17/49 | €81,341 | €64,961 | €42,903 | €84,424 | €108,585 | ▲ 28.6% |
| Amounts payable after more than one year17 | €24,660 | €19,303 | €15,594 | €7,951 | €4,015 | ▼ 49.5% |
| Financial debts170/4 | - | €19,303 | €15,594 | €7,951 | €4,015 | ▼ 49.5% |
| Amounts payable within one year42/48 | €56,681 | €45,658 | €27,309 | €76,473 | €104,570 | ▲ 36.7% |
| Current portion of amounts payable after more than one year42 | - | €5,339 | €3,709 | €7,643 | €11,579 | ▲ 51.5% |
| Financial debts43 | - | €7,408 | €9,300 | - | - | - |
| Credit institutions430/8 | - | €7,408 | €9,300 | - | - | - |
| Trade debts44 | - | €6,077 | €719 | €4,354 | €28,260 | ▲ 549% |
| Suppliers440/4 | - | €6,077 | €719 | €4,354 | €28,260 | ▲ 549% |
| Taxes, remuneration and social security45 | - | €6,788 | €10,729 | €8,689 | €24,422 | ▲ 181% |
| Taxes450/3 | - | €4,588 | €8,529 | €8,689 | €24,422 | ▲ 181% |
| Remuneration and social security454/9 | - | €2,200 | €2,200 | - | - | - |
| Other amounts payable47/48 | - | €20,047 | €2,853 | €55,788 | €40,309 | ▼ 27.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,779 | €151 | -€14,441 | -€28,259 | -€19,781 | ▲ 30.0% |
| + Depreciation and write-downs630 | €372 | €294 | €294 | €3,500 | €3,323 | ▼ 5.1% |
| Operating cash flow (approximation) | €3,152 | €445 | -€14,147 | -€24,758 | -€16,458 | ▲ 33.5% |
| Investment in fixed assets (approximation) | - | €2,950 | €0 | -€30,798 | -€174 | ▲ 99.4% |
| Change in cash | - | -€6,546 | -€15 | €0 | €1,024 | - |
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
15-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 09-09-2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 99 days late
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 456 days late
2023
30-09
Financial
Weakest financial yearnet -€28,259
Net result drops to -€28,259, the lowest in the series.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €2,779
Net result €2,779 after 2 loss-making years.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
05-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
10 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, Kontich · 1 establishment unit since 2008
Ground area
804 m²
Building footprint
120 m²
Volume, LiDAR
454 m³
Parcel 11602C0012/00W000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PROGRESSING
since 20082.168.859.721
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602C0012/00W000 | Flanders | 804 m² | 1 · 120 m² | 9.1 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GREGORY WILKIN LANGE LOZANASTRAAT 262,
2018 ANTWERPEN 1 |
09-09-2025 → present |
Similar companies · same sector, comparable size
LAPIS LAZULI
BE 0473.686.533
Zandhoven · Eq €8,629
KOEK'S KAFFEE
BE 1009.055.663
Koekelberg · Eq €8,646
BAJATZU
BE 0829.802.930
Oostende · Eq €8,652
KIMI REC
BE 0769.727.662
Evere · Eq €8,659
MOJO
BE 0845.615.217
Roeselare · Eq €8,665
Of 14,005 companies in sector 56301 we hold annual accounts for 4,893. 3,365 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
Founded21-02-2008
Fiscal year end30-09
Activities, NACEBEL 2025
56301Cafés and bars
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
56220Contract catering and other food service activities
56302Nightclubs
81300Landscape service activities
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.