Losses
Every financial year from 2022 to 2024 closed with a loss. 2023 was the heaviest.
Trustee: Gregory Wilkin. The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
Every financial year from 2022 to 2024 closed with a loss. 2023 was the heaviest.
Turnover rose in 2024 from €79,401 to €159,097.
Of this, €104,570 falls due within a year. The annual accounts state €17,357 of overdue tax debts on 30-09-2024.
PROGRESSING pays its suppliers 46 days later than in 2023. Customers pay 23 days later.
Three of the last ten came late. The 2023 accounts came latest: 456 days after the end of the period.
Equity fell from €9,150 in 2017 to -€53,852 in 2024, while debts rose from €46,164 to €108,585.
On 9 September 2025 the court declared PROGRESSING bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 10% of 18,731 companies in 2024.
Higher than 13% of 18,120 companies in 2024.
Higher than 9% of 18,199 companies in 2024.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
54,733 | 50,354 | 37,092 | 73,591 | 89,820 | 65,698 | 45,597 | 55,314 | 49,160 | 83,019 | 95,675 | 113,658 | 79,984 | 40,876 | 33,112 | 39,272 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | 60 | 240 | 420 | 600 | |
21/28 |
27,386 | 30,535 | 3,238 | 3,532 | 6,775 | 2,723 | 2,723 | 3,056 | 9,180 | 44,001 | 52,201 | 60,833 | 43,775 | 13,280 | 22,332 | 25,848 | |
21 |
20,000 | 22,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
22/27 |
766 | 1,415 | 515 | 809 | 4,053 | - | - | 333 | 6,458 | 41,279 | 49,478 | 58,110 | 40,992 | 10,318 | 19,189 | 24,328 | |
22 |
- | - | - | - | - | - | - | - | - | 29,328 | 31,996 | 34,664 | 37,332 | - | - | - | |
23 |
133 | 148 | 515 | 809 | 4,053 | - | - | 252 | 695 | 507 | 1,063 | 1,858 | 1,367 | 3,478 | 7,219 | 7,229 | |
24 |
633 | 1,267 | - | - | - | - | - | 81 | 5,762 | 11,444 | 16,225 | 21,200 | 374 | 1,496 | 2,618 | 3,740 | |
28 |
6,620 | 6,620 | 2,723 | 2,723 | 2,723 | 2,723 | 2,723 | 2,723 | 2,723 | 2,723 | 2,723 | 2,723 | 2,723 | 2,723 | 2,723 | 920 | |
29/58 |
27,347 | 19,820 | 33,854 | 70,060 | 83,045 | 62,975 | 42,874 | 52,258 | 39,980 | 39,017 | 43,474 | 52,825 | 36,210 | 27,595 | 10,781 | 13,424 | |
3 |
4,730 | 4,730 | 4,930 | 23,430 | 13,480 | 12,150 | 12,140 | 10,550 | 12,350 | 5,070 | 3,725 | 2,750 | 2,500 | - | - | - | |
30/36 |
4,730 | - | 4,730 | 14,730 | 13,480 | 12,150 | 12,140 | 10,550 | 12,350 | 5,070 | 3,725 | 2,750 | 2,500 | - | - | - | |
37 |
- | 4,730 | 200 | 8,700 | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
21,520 | 14,899 | 28,733 | 44,556 | 62,177 | 49,108 | 29,190 | 41,708 | 27,630 | 33,888 | 39,390 | 21,985 | 31,670 | 26,889 | 9,938 | 12,211 | |
40 |
13,981 | 2,009 | 24,654 | 38,559 | 57,057 | 45,566 | 20,501 | 34,819 | 27,130 | 33,388 | 35,204 | 18,990 | 27,778 | 25,740 | 9,938 | 12,211 | |
41 |
7,539 | 12,890 | 4,079 | 5,997 | 5,120 | 3,542 | 8,690 | 6,889 | 500 | 500 | 4,186 | 2,995 | 3,892 | 1,149 | - | - | |
54/58 |
1,097 | 73 | 73 | 88 | 6,633 | - | - | - | - | 59 | 359 | 28,090 | 2,039 | 31 | - | 375 | |
490/1 |
- | 118 | 119 | 1,986 | 754 | 1,717 | 1,544 | - | - | - | - | - | - | 675 | 842 | 838 | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
54,733 | 50,354 | 37,092 | 73,591 | 89,820 | 65,698 | 45,597 | 55,314 | 49,160 | 83,019 | 95,675 | 113,658 | 79,984 | 40,876 | 33,112 | 39,272 | |
10/15 |
-53,852 | -34,070 | -5,811 | 8,630 | 8,479 | 5,699 | 8,568 | 9,150 | 7,488 | -18,030 | -18,430 | -5,630 | -4,653 | -5,369 | -10,027 | -12,215 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 6,200 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 12,400 | |
14 |
-72,452 | -52,670 | -24,411 | -9,970 | -10,121 | -12,901 | -10,032 | -9,450 | -11,112 | -30,430 | -30,830 | -18,030 | -17,053 | -17,769 | -22,427 | -18,415 | |
17/49 |
108,585 | 84,424 | 42,903 | 64,961 | 81,341 | 59,999 | 37,029 | 46,164 | 41,672 | 101,048 | 114,104 | 119,288 | 84,638 | 46,245 | 43,139 | 51,487 | |
17 |
4,015 | 7,951 | 15,594 | 19,303 | 24,660 | 30,239 | 5,693 | 7,599 | 12,892 | 69,535 | 79,524 | 75,084 | 45,340 | 4,863 | 13,213 | 20,936 | |
170/4 |
4,015 | 7,951 | 15,594 | 19,303 | 24,660 | 30,239 | 5,693 | 7,599 | 12,892 | 69,535 | 79,524 | 75,084 | 45,340 | 4,863 | 13,213 | 20,936 | |
42/48 |
104,570 | 76,473 | 27,309 | 45,658 | 56,681 | 29,760 | 31,336 | 38,553 | 28,780 | 31,514 | 34,580 | 44,203 | 39,298 | 41,382 | 29,926 | 30,551 | |
42 |
11,579 | 7,643 | 3,709 | 5,339 | 5,423 | 5,532 | 1,906 | 5,656 | 6,750 | 9,928 | 11,712 | 10,246 | 7,467 | 8,350 | 7,723 | 7,141 | |
43 |
- | - | 9,300 | 7,408 | - | 8,636 | 1,940 | 9,286 | 5,385 | 4,526 | 7,233 | 11,267 | 11,267 | 8,303 | 10,216 | 7,112 | |
430/8 |
- | - | 9,300 | 7,408 | - | 8,636 | 1,940 | 9,286 | 5,385 | 4,526 | 7,233 | 11,267 | 11,267 | 8,303 | 10,216 | 7,112 | |
44 |
28,260 | 4,354 | 719 | 6,077 | - | 4,925 | 13,559 | 11,832 | 12,766 | 4,471 | 7,846 | 13,134 | 11,068 | 15,299 | 4,867 | 8,934 | |
440/4 |
28,260 | 4,354 | 719 | 6,077 | - | 4,925 | 13,559 | 11,832 | 12,766 | 4,471 | 7,846 | 13,134 | 11,068 | 15,299 | 4,867 | 8,934 | |
45 |
24,422 | 8,689 | 10,729 | 6,788 | 6,800 | 6,438 | 12,402 | 10,465 | 432 | 6,347 | 7,790 | 4,786 | 94 | 2,410 | 4,154 | 5,257 | |
450/3 |
24,422 | 8,689 | 8,529 | 4,588 | 5,960 | 5,338 | 6,627 | 5,365 | 432 | 3,247 | 3,050 | 1,926 | 94 | 40 | 2,717 | 1,032 | |
454/9 |
- | - | 2,200 | 2,200 | 840 | 1,100 | 5,775 | 5,100 | - | 3,100 | 4,740 | 2,860 | - | 2,370 | 1,436 | 4,226 | |
47/48 |
40,309 | 55,788 | 2,853 | 20,047 | 44,459 | 4,229 | 1,529 | 1,315 | 3,447 | 6,241 | - | 4,771 | 9,402 | 7,020 | 2,966 | 2,106 | |
492/3 |
- | - | - | - | - | - | - | 12 | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||
70 |
159,097 | 79,401 | - | - | - | - | - | - | - | 160,099 | - | - | - | - | - | - | |
76A |
- | - | - | - | - | 11,983 | - | - | - | - | - | 1,483 | - | - | - | - | |
9900 |
-7,505 | -18,547 | -10,103 | 6,961 | 17,659 | 3,188 | 2,598 | 10,879 | 45,338 | 15,289 | 1,214 | 14,081 | 21,479 | 16,564 | 13,146 | 3,008 | |
60/61 |
166,603 | 97,948 | - | - | - | - | - | - | - | 146,315 | - | - | - | - | - | - | |
62 |
818 | 17 | - | 53 | 11,321 | - | - | - | - | - | - | - | 889 | - | - | - | |
630 |
3,323 | 3,500 | 294 | 294 | 372 | - | 333 | 6,124 | 6,249 | 9,100 | 8,527 | 11,217 | 15,243 | 10,190 | 10,259 | 14,446 | |
631/4 |
- | 3,913 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
6,059 | 594 | 2,628 | 2,432 | 1,332 | 3,282 | 1,206 | 1,111 | 993 | 1,172 | 1,108 | 1,153 | 722 | 620 | 1,243 | 962 | |
66A |
- | - | - | 750 | - | - | - | - | - | - | - | - | - | - | 563 | - | |
9901 |
-17,705 | -26,570 | -13,025 | 3,432 | 4,634 | -93 | 1,058 | 3,643 | 38,096 | 5,018 | -8,421 | 1,711 | 4,625 | 5,755 | 1,643 | -12,400 | |
75/76B |
0 | - | 176 | 4 | 95 | 176 | 538 | 408 | 126 | 23 | 216 | 380 | 54 | 1,713 | 177 | 29 | |
75 |
0 | - | 176 | 4 | 95 | 176 | 538 | 408 | 126 | 23 | 216 | 380 | 54 | 1,713 | 177 | 29 | |
65/66B |
2,076 | 1,689 | 1,593 | 3,286 | 1,950 | 2,951 | 2,179 | 2,390 | 18,904 | 4,641 | 4,595 | 4,549 | 3,962 | 2,811 | 5,269 | 6,043 | |
65 |
2,076 | 1,689 | 1,593 | 3,286 | 1,950 | 2,951 | 2,179 | 2,390 | 18,904 | 4,641 | 4,595 | 4,549 | 3,962 | 2,811 | 5,269 | 6,043 | |
66B |
0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
-19,781 | -28,259 | -14,441 | 151 | 2,779 | -2,868 | -582 | 1,662 | 19,318 | 400 | -12,800 | -975 | 718 | 4,658 | -4,012 | -18,414 | |
67/77 |
- | - | - | - | - | - | - | - | - | - | - | 1 | 2 | 0 | - | 1 | |
9904 |
-19,781 | -28,259 | -14,441 | 151 | 2,779 | -2,868 | -582 | 1,662 | 19,318 | 400 | -12,800 | -977 | 716 | 4,657 | -4,012 | -18,415 | |
9905 |
-19,781 | -28,259 | -14,441 | 151 | 2,779 | -2,868 | -582 | 1,662 | 19,318 | 400 | -12,800 | -977 | 716 | 4,657 | -4,012 | -18,415 | |
| Appropriation of the result | |||||||||||||||||
9906 |
-72,452 | -52,670 | -24,411 | -9,970 | -10,121 | -12,901 | -10,032 | -9,450 | -11,112 | -30,430 | -30,830 | -18,030 | -17,053 | -17,769 | -22,427 | -18,415 | |
14P |
-52,670 | -24,411 | -9,970 | -10,121 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||
9087 |
- | - | - | - | 0.8 | - | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
- | - | - | - | 435 | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 07-08-2025.
2024 annual accounts filed 99 days after the deadline. Filed on 7 August 2025, deadline 30 April 2025 (7 months after the close on 30 September 2024, Companies Code art. 3:10). Source: NBB, 2025-00363935.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2024 | micro format | 07-08-2025 | 2025-00363935 | |
| 30-09-2023 | micro format | 30-07-2025 | 2025-00329947 | |
| 30-09-2022 | micro format | 02-05-2023 | 2023-00076407 | |
| 30-09-2021 | micro format | 27-04-2022 | 2022-20012319 | |
| 30-09-2020 | micro format | 29-04-2021 | 2021-12200188 | |
| 30-09-2019 | micro format | 29-04-2020 | 2020-11000540 | |
| 30-09-2018 | micro format | 25-03-2019 | 2019-07900023 | |
| 30-09-2017 | abbreviated format | 30-04-2018 | 2018-11500252 | |
| 30-09-2016 | abbreviated format | 21-02-2017 | 2017-05100430 | |
| 30-09-2015 | abbreviated format | 05-04-2016 | 2016-09400381 | |
| 30-09-2014 | abbreviated format | 02-04-2015 | 2015-09300110 | |
| 30-09-2013 | abbreviated format | 23-04-2014 | 2014-10000094 | |
| 30-09-2012 | abbreviated format | 08-04-2013 | 2013-08600106 | |
| 30-09-2011 | abbreviated format | 23-03-2012 | 2012-07400360 | |
| 30-09-2010 | abbreviated format | 31-03-2011 | 2011-07600421 | |
| 30-09-2009 | abbreviated format | 31-03-2010 | 2010-08200437 |
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -14,382 | -23,070 | -12,731 | 3,726 | 5,006 | - | 1,392 | 9,768 | 44,346 | 14,117 | 106 | 12,928 | 19,868 | 15,944 | 11,902 | 2,046 | ||
| -16,458 | -24,758 | -14,147 | 445 | 3,152 | - | -249 | 7,786 | 25,567 | 9,499 | -4,273 | 10,240 | 15,959 | 14,847 | 6,247 | -3,969 | ||
| 174 | 30,798 | 0 | -2,950 | 4,425 | - | 0 | 0 | 1,656 | 900 | 1,170 | 28,275 | 45,737 | 1,138 | 6,742 | 39,394 | ||
| 1,024 | 0 | -15 | -6,546 | - | - | - | - | - | -300 | -27,731 | 26,050 | 2,009 | - | - | - | ||
| -77,223 | -56,654 | 6,545 | 24,401 | 26,363 | 33,215 | 11,538 | 13,705 | 11,200 | 7,504 | 8,893 | 8,622 | -3,088 | -13,787 | -19,145 | -17,127 | ||
| -11.1% | -33.5% | - | - | - | - | - | - | - | 3.1% | - | - | - | - | - | - | ||
| -98.4% | -67.7% | -15.7% | 11.7% | 9.4% | 8.7% | 18.8% | 16.5% | 15.2% | -21.7% | -19.3% | -5.0% | -5.8% | -13.1% | -30.3% | -31.1% | ||
| 0.26 | 0.26 | 1.24 | 1.53 | 1.47 | 2.12 | 1.37 | 1.36 | 1.39 | 1.24 | 1.26 | 1.20 | 0.92 | 0.67 | 0.36 | 0.44 | ||
| 0.22 | 0.20 | 1.06 | 1.02 | 1.23 | 1.71 | 0.98 | 1.08 | 0.96 | 1.08 | 1.15 | 1.13 | 0.86 | 0.67 | 0.36 | 0.44 | ||
| - | - | - | 7.53 | 9.59 | 10.53 | 4.32 | 5.05 | 5.57 | - | - | - | - | - | - | - | ||
| - | - | - | 1.8% | 32.8% | -50.3% | -6.8% | 18.2% | 258.0% | - | - | - | - | - | - | - | ||
| -36.1% | -56.1% | -38.9% | 0.2% | 3.1% | -4.4% | -1.3% | 3.0% | 39.3% | 0.5% | -13.4% | -0.9% | 0.9% | 11.4% | -12.1% | -46.9% | ||
| -6.93 | -13.66 | -7.99 | 1.13 | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 32 days | 9 days | - | - | - | - | - | - | - | 76 days | - | - | - | - | - | - | ||
| 62 days | 16 days | - | - | - | - | - | - | - | 11 days | - | - | - | - | - | - |
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 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|
| Overdue tax debts | €17,357 | - | - | - |
Source: notes to the 2021 to 2024 annual accounts (statement of debts)
| Item | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|
| Tangible fixed assets | €174 | €1,900 | - | - |
| Intangible fixed assets | - | €25,000 | - | - |
| Financial fixed assets | - | €3,898 | - | - |
| €3,323 | €3,500 | €294 | €294 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
The operating result for 2024 is a loss of €17,705, smaller than the loss of €26,570 in 2023.
Equity is negative. Debt (€108,585) exceeds the balance-sheet total (€54,733).
PROGRESSING has no parent and no holdings in its annual accounts. PROGRESSING shares no director with another company.
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 |
|---|---|---|
| Vredestraat 223 registered office 2550 Kontich | 14-02-2008 | 2.168.859.721 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11602C0012/00W000 | 804 m² | 1 · 120 m² | 9.1 m · 2 |
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