PROGRESSIVE
InactiveOverview
Activity
Activity not known
Size
≈ €270,000turnover 2025, estimated
- Equity
- €260,976
- Profit
- €74,956
Turnover estimated from the gross margin
Financial health
Inactive: no score
Structure
- Parent
- Arzo Consult · 100%
2 of 8 deeds summarised
SignalsneutralLatest accounts filed on timeShow the evidence
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 26-11-2025 was due by 26-06-2026 and was filed on 11-12-2025, 197 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
197 days early
2024
9 days early
2023
27 days late
2022
14 days late
2021
78 days late
2020
31 days late
2019
39 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 14 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- End & cessationResignation: Arzo Consult (director) ·…
- Annual accounts filedfinancial year 2025 · abbreviated…
- Highest result from 2018 to 2025net €74,956 ▲16.1%
Financials · financial year 2025, abbreviated format
Turnover
≈ €270,000
Estimated: probably between €170,000 and €510,000
Total assets
€260,976▼ 46.8%
2024 · €490,232
Net result
€74,956▲ 16.1%
2024 · €64,557
Working capital
€260,976
2024 · -€163,189
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 5% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€100,653
2025
Net result€74,956
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€260,976
2025
Equity€260,976
2025
Debt€0
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€260,976
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€21,707-€93,407▲ 330%€45,187▼ 51.6%€112,018▲ 148%€35,707▼ 68.1%€2,427▼ 93.2%€105,853▲ 44×€100,653▼ 4.9%
Net result€6,833-€49,174▲ 620%€9,148▼ 81.4%€60,648▲ 563%€3,835▼ 93.7%-€13,711€64,557€74,956▲ 16.1%
Equity€93,870-€143,043▲ 52.4%€152,191▲ 6.4%€212,839▲ 39.9%€216,674▲ 1.8%€121,463▼ 43.9%€186,021▲ 53.1%€260,976▲ 40.3%
Total assets€686,330-€685,836▼ 0.1%€697,788▲ 1.7%€846,470▲ 21.3%€789,777▼ 6.7%€711,962▼ 9.9%€490,232▼ 31.1%€260,976▼ 46.8%
Debt€592,460-€542,793▼ 8.4%€545,597▲ 0.5%€633,631▲ 16.1%€573,102▼ 9.6%€590,499▲ 3.0%€304,211▼ 48.5%€0▼ 100%
Working capital€91,483-€117,795▲ 28.8%€100,981▼ 14.3%€117,551▲ 16.4%€92,372▼ 21.4%€15,599▼ 83.1%-€163,189€260,976
Staff (FTE)7.3-9.2▲ 26.0%8.2▼ 10.9%9.5▲ 15.9%10.4▲ 9.5%9.8▼ 5.8%3.3▼ 66.3%0▼ 100%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Why a figure moved sharply
- 2024 Staff (FTE) -66% on 2023. The accounts now follow the abbreviated format, last year the micro format.
Key figures and ratios
EBITDA
€100,653▼
2024 · €127,833
Cash flow
€74,956▼
2024 · €86,537
Solvency
100.0%▲
2024 · 37.9%
Debt to equity
0.00▼
2024 · 1.64
ROE
28.7%▼
2024 · 34.7%
ROA
28.7%▲
2024 · 13.2%
Interest coverage
21.65▲
2024 · 12.68
Debt ≤ 1 year
€0▼
2024 · €304,211
Income taxes
€30,550▼
2024 · €31,217
Staff costs
-€37▼
2024 · €210,052
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €12,759 | €83,702 | €144,902 | ▲ 73.1% |
| Remuneration, social security and pensions62 | - | - | - | €610,321 | €680,743 | €683,318 | €210,052 | -€37 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €72,097 | €28,996 | €29,507 | €30,464 | €33,001 | €26,228 | €21,979 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €20,747 | €3,176 | €6,165 | €8,473 | €1,641 | ▼ 80.6% |
| Non-recurring operating charges66A | - | - | - | - | - | €988 | €507 | €5,055 | ▲ 897% |
| Gross operating margin9900 | €518,627 | €709,130 | €603,911 | €773,550 | €752,626 | €719,127 | €346,864 | €107,312 | ▼ 69.1% |
| Operating profit (loss)9901 | €21,707 | €93,407 | €45,187 | €112,018 | €35,707 | €2,427 | €105,853 | €100,653 | ▼ 4.9% |
| Financial income75/76B | - | - | - | €0 | €2 | €3,642 | €0 | €9,501 | - |
| Recurring financial income75 | €52 | €284 | €529 | €0 | €2 | €3,642 | €0 | €9,501 | - |
| Financial charges65/66B | - | - | - | €12,335 | €12,415 | €10,355 | €10,079 | €4,648 | ▼ 53.9% |
| Recurring financial charges65 | €4,682 | €14,249 | €12,970 | €12,335 | €12,415 | €10,355 | €10,079 | €4,648 | ▼ 53.9% |
| Profit (loss) for the period before taxes9903 | €17,078 | €79,443 | €32,746 | €99,683 | €23,295 | -€4,286 | €95,774 | €105,505 | ▲ 10.2% |
| Income taxes67/77 | €10,244 | €30,269 | €23,598 | €39,035 | €19,460 | €9,425 | €31,217 | €30,550 | ▼ 2.1% |
| Profit (loss) for the period9904 | €6,833 | €49,174 | €9,148 | €60,648 | €3,835 | -€13,711 | €64,557 | €74,956 | ▲ 16.1% |
| Profit (loss) for the period to be appropriated9905 | €4,329 | €46,694 | €9,148 | €60,648 | €3,835 | -€13,711 | €64,557 | €74,956 | ▲ 16.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €686,330 | €685,836 | €697,788 | €846,470 | €789,777 | €711,962 | €490,232 | €260,976 | ▼ 46.8% |
| Fixed assets21/28 | €425,858 | €423,626 | €405,061 | €410,284 | €402,587 | €375,883 | €349,209 | €0 | ▼ 100% |
| Intangible fixed assets21 | - | - | - | €10,044 | €7,958 | €5,872 | €3,427 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €424,758 | €422,978 | €404,413 | €399,593 | €393,981 | €369,363 | €345,683 | €0 | ▼ 100% |
| Land and buildings22 | - | - | - | €361,681 | €367,752 | €352,162 | €340,557 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €647 | €382 | €2,775 | €1,128 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €37,264 | €25,847 | €14,427 | €3,997 | €0 | ▼ 100% |
| Financial fixed assets28 | €1,100 | €648 | €648 | €648 | €648 | €648 | €100 | €0 | ▼ 100% |
| Current assets29/58 | €260,472 | €262,211 | €292,727 | €436,186 | €387,190 | €336,079 | €141,023 | €260,976 | ▲ 85.1% |
| Stocks and contracts in progress3 | - | - | €15,000 | €0 | - | - | - | - | - |
| Contracts in progress37 | - | - | - | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €172,030 | €148,683 | €212,096 | €241,977 | €169,633 | €211,060 | €55,172 | €260,292 | ▲ 372% |
| Trade receivables40 | - | - | - | €231,307 | €142,050 | €121,094 | €33,460 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €10,671 | €27,583 | €89,966 | €21,712 | €260,292 | ▲ 12× |
| Current investments50/53 | €25,285 | €3,171 | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €62,433 | €93,336 | €54,819 | €193,014 | €212,344 | €124,881 | €84,813 | €684 | ▼ 99.2% |
| Deferred charges and accrued income490/1 | - | - | - | €1,195 | €5,213 | €138 | €1,037 | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €686,330 | €685,836 | €697,788 | €846,470 | €789,777 | €711,962 | €490,232 | €260,976 | ▼ 46.8% |
| Equity10/15 | €93,870 | €143,043 | €152,191 | €212,839 | €216,674 | €121,463 | €186,021 | €260,976 | ▲ 40.3% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €81,140 | €129,620 | €139,442 | €199,942 | €199,942 | €109,063 | €173,621 | €173,621 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €10,582 | €10,582 | €10,582 | €10,582 | €10,582 | = |
| Distributable reserves133 | - | - | - | €187,500 | €189,360 | €98,481 | €163,039 | €163,039 | = |
| Profit (loss) carried forward14 | €329 | €1,023 | €349 | €498 | €4,333 | €0 | €0 | €74,956 | - |
| Amounts payable17/49 | €592,460 | €542,793 | €545,597 | €633,631 | €573,102 | €590,499 | €304,211 | €0 | ▼ 100% |
| Amounts payable after more than one year17 | €423,472 | €394,536 | €345,714 | €303,497 | €278,284 | €270,019 | €0 | - | - |
| Financial debts170/4 | - | - | - | €303,497 | €278,284 | €270,019 | €0 | - | - |
| Amounts payable within one year42/48 | €168,989 | €144,415 | €191,746 | €318,635 | €294,818 | €320,480 | €304,211 | €0 | ▼ 100% |
| Current portion of amounts payable after more than one year42 | - | - | - | €36,190 | €25,213 | €42,320 | €270,019 | €0 | ▼ 100% |
| Financial debts43 | - | - | - | €64,685 | €105,446 | €55,581 | €14 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €43,359 | €105,446 | €55,581 | €14 | €0 | ▼ 100% |
| Other loans439 | - | - | - | €21,327 | €0 | - | - | - | - |
| Trade debts44 | €16,252 | €17,968 | €54,747 | €89,216 | €35,060 | €26,461 | €10,661 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €89,216 | €35,060 | €26,461 | €10,661 | €0 | ▼ 100% |
| Advances received on contracts in progress46 | - | - | - | €700 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €116,825 | €119,325 | €109,079 | €15,468 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €53,462 | €38,973 | €24,265 | €15,468 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | €63,363 | €80,352 | €84,814 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €11,018 | €9,775 | €87,040 | €8,048 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €11,499 | €0 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,833 | €49,174 | €9,148 | €60,648 | €3,835 | -€13,711 | €64,557 | €74,956 | ▲ 16.1% |
| + Depreciation and write-downs630 | €72,097 | €28,996 | €29,507 | €30,464 | €33,001 | €26,228 | €21,979 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €78,930 | €78,170 | €38,655 | €91,112 | €36,836 | €12,517 | €86,537 | €74,956 | ▼ 13.4% |
| Investment in fixed assets (approximation) | - | -€26,764 | -€10,942 | -€35,687 | -€25,303 | €476 | €4,694 | €349,209 | ▲ 74× |
| Change in cash | - | €30,903 | -€38,517 | €138,195 | €19,330 | -€87,462 | -€40,069 | -€84,129 | ▼ 110% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 26-11-2025 | abbreviated format | 11-12-2025 | 2025-00583663 |
| 31-12-2024 | abbreviated format | 22-07-2025 | 2025-00317077 |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00412585 |
| 31-12-2022 | abbreviated format | 14-08-2023 | 2023-00333276 |
| 31-12-2021 | abbreviated format | 17-10-2022 | 2022-20470793 |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-61200579 |
| 31-12-2019 | abbreviated format | 22-06-2020 | 2020-19300438 |
| 31-12-2018 | micro format | 12-06-2019 | 2019-18200389 |
| 31-12-2017 | micro format | 24-07-2018 | 2018-36900001 |
| 31-12-2016 | micro format | 28-07-2017 | 2017-37800421 |
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €1,813 awarded · €1,813 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €473 | €473 |
| 2022 | 1 | €1,340 | €1,340 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
no sitting director read yet, last change in 2025
No directors read yet: 2 of 8 Gazette acts processed. See the directors and other office holders in the KBO →
Mandate history
2 people since 2023, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Arzo Consult |
|
| Teun Vanderghote |
|
Owners and capital
Owners
1 ownerChain of control
- Arzo Consult
- PROGRESSIVE
Highest known parent: Arzo Consult. The sources do not say who stands above it.
Owners 1
- Arzo Consultparent100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
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History
Acts, filings and financial milestones
2025
30-12
Gazette deed
End & cessationResignation: Arzo Consult (director) · Auditor report · Approval19 facts ▸
Gazette deed
End & cessation
Resignation: Arzo Consult (director) · Auditor report · Approval19 facts ▸
- Other provision, “kennisname verslagen, artikel 2:71 Wetboek van Vennootschappen en Verenigingen” (deed in Dutch)
- Other provision, “voorlezing voormelde verslagen, ontslag voorlezing verslagen en bespreking” (deed in Dutch)
- Auditor report, 259916.39, “oordeel zonder voorbehoud” (deed in Dutch)
- Approval, “vergadering, geen opmerkingen aandeelhouder” (deed in Dutch)
- Other provision, 25-11-2025
- Other provision, “voorwaarden ontbinding en vereffening in één akte, betaling of consignatie” (deed in Dutch)
- Dissolution, “vervroegd ontbinden en in vereffening stellen, artikel 2:80 Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Other provision, “geen vereffenaar aangesteld, vooraf feitelijk vereffend door aandeelhouder en alle schulden betaald voor akte” (deed in Dutch)
- Liquidation distribution, “resterend actief, aandeelhouder” (deed in Dutch)
- Other provision, “aandeelhouder, verzaken termijn en formaliteiten artikel 2:100 Wetboek van Vennootschappen en Verenigingen” (deed in Dutch)
- Approval, “staat actief en passief 2025-09-30, rekeningen vereffening” (deed in Dutch)
- Liquidation distribution, “staat actief en passief 2025-09-30, uitkeren resterend actief aan aandeelhouder” (deed in Dutch)
- +7 further facts in this act
11-12
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format
26-11
Financial
Highest result from 2018 to 2025net €74,956 ▲16.1%
Net result €74,956, the highest in the series.
26-11
Financial
Equity above €200,000equity €260,976 ▲40.3%
2 profitable years in a row build equity to €260,976.
22-07
NBB filing
Annual accounts filed
financial year 2024 · abbreviated format
2024
31-12
Financial
Back to profitnet €64,557
Net result €64,557 after one loss-making year.
31-12
Financial
Equity above €150,000equity €186,021 ▲53.1%
Equity rises from €121,463 to €186,021.
27-08
NBB filing
Annual accounts filed
financial year 2023 · micro format · 27 days late
2023
31-12
Financial
Weakest financial yearnet -€13,711
Net result drops to -€13,711, the lowest in the series.
14-08
NBB filing
Annual accounts filed
financial year 2022 · abbreviated format · 14 days late
26-06
Gazette deed
Resignation: Teun Vanderghote (director)Appointment: ARZO CONSULT (director) · Permanent representative: Teun Vanderghote · Declaration7 facts ▸
Gazette deed
Resignation: Teun Vanderghote (director)
Appointment: ARZO CONSULT (director) · Permanent representative: Teun Vanderghote · Declaration7 facts ▸
- General meeting, 20-04-2023
- Director resignation, Teun Vanderghote (director)
- Director appointment, ARZO CONSULT (director)
- Declaration, “geen verzet tegen benoeming, geen maatregel bestaat die zich verzet tegen benoeming” (deed in Dutch)
- Board meeting, 20-04-2023
- Permanent representative, Teun Vanderghote
- Board composition, ARZO CONSULT (director)
2022
17-10
NBB filing
Annual accounts filed
financial year 2021 · abbreviated format · 78 days late
Show earlier events
2021
31-12
Financial
Equity above €200,000equity €212,839 ▲39.9%
A profit in every financial year since 2018 builds equity to €212,839.
31-08
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format · 31 days late
2020
31-12
Financial
Equity above €150,000equity €152,191 ▲6.4%
A profit in every financial year since 2018 builds equity to €152,191.
22-06
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format
2019
31-12
Financial
Equity above €100,000equity €143,043 ▲52.4%
A profit in every financial year since 2018 builds equity to €143,043.
12-06
NBB filing
Annual accounts filed
financial year 2018 · micro format
2018
24-07
NBB filing
Annual accounts filed
financial year 2017 · micro format
2017
28-07
NBB filing
Annual accounts filed
financial year 2016 · micro format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 11 annual accounts filed, the latest 10 are here; all 11 are under Financials.
2 of 8 deeds read
About the unread acts
Of the 8 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Inactive
Inactive
PROGRESSIVE is no longer in the KBO register.
- Status
- Inactive
- Last annual accounts
- financial year to 26 November 2025
- Last registered office
- Kapellestraat 25, 9800 Deinzeas published on 30 December 2025
- Legal form
- Private limited company
- Active since
- 2015 (first annual accounts)
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Articles of association
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 30-12-2025
Read from the deeds: 1 provision, deed of 30-12-2025