Progressive IT Systems
ActiveProgressive IT Systems has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €807k and a net result of €-9k. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 43% of 16922 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
65
/ 100
Healthy▼ -13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency96=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 7.64 against 9.82 in 2024), and 47.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
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
52.1%
Return on assets
-0.6%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-02-2026, 163 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
163 d early
2024
36 d early
2023
166 d early
2022
59 d early
2021
122 d early
2020
40 d early
2019
115 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€807k▼ 4.7%
2024 · €848k
2018: €133k
2019: €164k
2020: €636k
2021: €828k
2022: €834k
2023: €896k
2024: €848k
2018 → 2025
Total assets
€1.55M▼ 5.0%
2024 · €1.63M
2018: €437k
2019: €425k
2020: €869k
2021: €1.08M
2022: €1.17M
2023: €1.75M
2024: €1.63M
2018 → 2025
Net result
€-9k
2024 · €663
2018: €25k
2019: €31k
2020: €473k
2021: €234k
2022: €6k
2023: €62k
2024: €663
2018 → 2025
Working capital
€428k▼ 11.1%
2024 · €482k
2018: €-10k
2019: €14k
2020: €609k
2021: €670k
2022: €459k
2023: €578k
2024: €482k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€828k-€834k▲ 0.7%€896k▲ 7.4%€848k▼ 5.4%€807k▼ 4.7%
Operating result€-138k-€-20k▲ 85.6%€-33k▼ 64.1%€20k€-243
Net result€234k-€6k▼ 97.4%€62k▲ 921%€663▼ 98.9%€-9k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €243 after €20k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.55M
Fixed assets
€1.06M▼ 3.4%
Current assets
€493k▼ 8.1%
Equity and liabilities €1.55M
Equity
€807k▼ 4.7%
Debt
€742k▼ 5.3%
The debt ratio falls from 48.0% to 47.9%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€40k▼
2024 · €60k
Cash flow
€31k▼
2024 · €41k
Solvency
52.1%▲
2024 · 52.0%
Current ratio
7.64▼
2024 · 9.82
Quick ratio
7.64▼
2024 · 9.82
Debt / equity
0.92▼
2024 · 0.92
ROE
-1.2%▼
2024 · 0.1%
ROA
-0.6%▼
2024 · 0.0%
Interest coverage
1.82▼
2024 · 2.56
Debt
€742k▼
2024 · €783k
Debt ≤ 1 year
€64k▲
2024 · €55k
Debt > 1 year
€675k▼
2024 · €727k
Income taxes
€538▼
2024 · €5k
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€1.63M€1.55M▼
Fixed assets21/28€1.09M€1.06M▼
Tangible fixed assets22/27€1.04M€1.01M▼
Land and buildings22€1.04M€1.00M▼
Plant, machinery and equipment23€3k€5k▲
Financial fixed assets28€51k€50k▼
Current assets29/58€536k€493k▼
Amounts receivable within one year40/41€111k€109k▼
Trade receivables40€10k€28k▲
Other amounts receivable41€101k€81k▼
Current investments50/53€386k€343k▼
Cash at bank and in hand54/58€33k€37k▲
Deferred charges and accrued income490/1€7k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.63M€1.55M▼
Equity10/15€848k€807k▼
Contributions10/11€6k€6k=
Reserves13€841k€801k▼
Distributable reserves133€841k€801k▼
Amounts payable17/49€783k€742k▼
Amounts payable after more than one year17€727k€675k▼
Financial debts170/4€727k€675k▼
Amounts payable within one year42/48€55k€64k▲
Current portion of amounts payable after more than one year42€51k€52k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€2k€9k▲
Taxes450/3€2k€9k▲
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€40k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€63k€42k▼
Operating profit (loss)9901€20k€-243▼
Financial income75/76B€9k€13k▲
Recurring financial income75€9k€13k▲
Financial charges65/66B€24k€22k▼
Recurring financial charges65€24k€22k▼
Profit (loss) for the period before taxes9903€5k€-9k▼
Income taxes67/77€5k€538▼
Profit (loss) for the period9904€663€-9k▼
Profit (loss) for the period to be appropriated9905€663€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€663€-9k▼
Transfer from equity791/2€49k€40k▼
Transfer to equity691/2€663-
To other reserves6921€663-
Profit to be distributed694/7€49k€31k▼
Return on contributions (dividend)694€49k€31k▼
The notes to these accounts (12 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
18-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-9k ▼1514%
Net result drops to €-9k, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 6.74
Current ratio from 3.35 to 6.74; short-term debt falls from €196k to €101k.
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €473k ▲1437%
Net result €473k, the highest in the series.
31-12
Financial
Liquidity times 10current ratio 11.68
Current ratio from 1.21 to 11.68; short-term debt falls from €67k to €57k.
31-12
Financial
Equity above €500kEq €636k ▲289%
3 profitable years in a row build equity to €636k.
07-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150kEq €164k ▲23.2%
2 profitable years in a row build equity to €164k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Essen · 1 establishment unit since 2010
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.
Beekstraat 392910 EssenGround area
792 m²
Building footprint
156 m²
Volume, LiDAR
806 m³
Parcel 11642C0587/00W000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PITS
since 20102.185.462.062
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11642C0587/00W000 | Flanders | 792 m² | 1 · 156 m² | 7.8 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.
Similar companies · same sector, comparable size
ABC Group Invest
BE 0830.368.696
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JL Consultancy
BE 0525.929.545
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Impact Services
BE 0533.711.222
Ans · Eq €808k
Revend
BE 0783.632.712
Antwerpen · Eq €808k
OPENSYS
BE 0883.700.088
Tremelo · Eq €806k
Of 29,885 companies in sector 62200 we hold annual accounts for 18,321. 9,602 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-02-2010
Fiscal year end31-12
Abbreviation NL
PITS
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
62010Computer programming, consultancy and related activities
62030Computer programming, consultancy and related activities
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.