PROGRESSIVE MECHANICAL ASSISTANCE
ActiveSummary
PROGRESSIVE MECHANICAL ASSISTANCE has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48k and a net result of €22k. Its solvency ranks better than 50% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability99▼-1
Solvency78▼-22
Growth52
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 3.02 against 4.04 in 2024; short-term debt: 25.1% and cash: 8.1% of total assets), and 47.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
52.6%
Return on assets
23.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
20 d late
2024
111 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€48k▲ 82.9%
2024 · €26k
2024: €26k
2025: €48k▲ +82.9% vs 2024
2024 → 2025
Total assets
€91k▲ 166%
2024 · €34k
2024: €34k
2025: €91k▲ +166% vs 2024
2024 → 2025
Net result
€22k▼ 2.2%
2024 · €22k
2024: €22k
2025: €22k▼ -2.2% vs 2024
2024 → 2025
Working capital
€46k▲ 88.1%
2024 · €25k
2024: €25k
2025: €46k▲ +88.1% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€26k-€48k▲ 82.9%
2024: €26k
2025: €48k▲ +82.9% vs 2024
Operating result€30k-€30k▼ 1.0%
2024: €30k
2025: €30k▼ -1.0% vs 2024
Net result€22k-€22k▼ 2.2%
2024: €22k
2025: €22k▼ -2.2% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €91k
Fixed assets
€22k ▲ 1,256%
Current assets
€69k ▲ 112%
Equity and liabilities €91k
Equity
€48k ▲ 82.9%
Debt
€43k ▲ 434%
Debt's share of the balance-sheet total rises from 23.6% to 47.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33k▲
2024 · €32k
Cash flow
€25k▲
2024 · €24k
Current ratio
3.02▼
2024 · 4.04
Debt to equity
0.90▲
2024 · 0.31
ROE
45.3%▼
2024 · 84.7%
ROA
23.8%▼
2024 · 64.8%
Interest coverage
16.15▼
2024 · 28.96
Debt ≤ 1 year
€23k▲
2024 · €8k
Debt > 1 year
€20k
Income taxes
€6k▼
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€34k€91k▲
Fixed assets21/28€2k€22k▲
Tangible fixed assets22/27€2k€22k▲
Furniture and vehicles24€2k€22k▲
Current assets29/58€33k€69k▲
Amounts receivable within one year40/41€26k€60k▲
Trade receivables40€31€5k▲
Other amounts receivable41€26k€55k▲
Cash at bank and in hand54/58€7k€7k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€34k€91k▲
Equity10/15€26k€48k▲
Contributions10/11€4k€4k=
Reserves13€22k€44k▲
Distributable reserves133€22k€44k▲
Amounts payable17/49€8k€43k▲
Amounts payable after more than one year17-€20k
Financial debts170/4-€20k
Amounts payable within one year42/48€8k€23k▲
Current portion of amounts payable after more than one year42-€13k
Trade debts44€125-
Suppliers440/4€125-
Taxes, remuneration and social security45€8k€9k▲
Taxes450/3€8k€5k▼
Remuneration and social security454/9-€4k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€4k▲
Other operating charges640/8€941€705▼
Gross operating margin9900€33k€34k▲
Operating profit (loss)9901€30k€30k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€29k€28k▼
Income taxes67/77€7k€6k▼
Profit (loss) for the period9904€22k€22k▼
Profit (loss) for the period to be appropriated9905€22k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€22k▼
Transfer to equity691/2€22k€22k▼
To other reserves6921€22k€22k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €4k | ▲ 131% |
| Other operating charges640/8 | €941 | €705 | ▼ 25.0% |
| Gross operating margin9900 | €33k | €34k | ▲ 4.5% |
| Operating profit (loss)9901 | €30k | €30k | ▼ 1.0% |
| Financial income75/76B | - | €0 | - |
| Recurring financial income75 | - | €0 | - |
| Financial charges65/66B | €1k | €2k | ▲ 89.0% |
| Recurring financial charges65 | €1k | €2k | ▲ 89.0% |
| Profit (loss) for the period before taxes9903 | €29k | €28k | ▼ 4.4% |
| Income taxes67/77 | €7k | €6k | ▼ 11.6% |
| Profit (loss) for the period9904 | €22k | €22k | ▼ 2.2% |
| Profit (loss) for the period to be appropriated9905 | €22k | €22k | ▼ 2.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €34k | €91k | ▲ 166% |
| Fixed assets21/28 | €2k | €22k | ▲ 1,256% |
| Tangible fixed assets22/27 | €2k | €22k | ▲ 1,256% |
| Furniture and vehicles24 | €2k | €22k | ▲ 1,256% |
| Current assets29/58 | €33k | €69k | ▲ 112% |
| Amounts receivable within one year40/41 | €26k | €60k | ▲ 131% |
| Trade receivables40 | €31 | €5k | ▲ 15,140% |
| Other amounts receivable41 | €26k | €55k | ▲ 113% |
| Cash at bank and in hand54/58 | €7k | €7k | ▲ 12.0% |
| Deferred charges and accrued income490/1 | - | €2k | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €34k | €91k | ▲ 166% |
| Equity10/15 | €26k | €48k | ▲ 82.9% |
| Contributions10/11 | €4k | €4k | = |
| Reserves13 | €22k | €44k | ▲ 97.8% |
| Distributable reserves133 | €22k | €44k | ▲ 97.8% |
| Amounts payable17/49 | €8k | €43k | ▲ 434% |
| Amounts payable after more than one year17 | - | €20k | - |
| Financial debts170/4 | - | €20k | - |
| Amounts payable within one year42/48 | €8k | €23k | ▲ 183% |
| Current portion of amounts payable after more than one year42 | - | €13k | - |
| Trade debts44 | €125 | - | - |
| Suppliers440/4 | €125 | - | - |
| Taxes, remuneration and social security45 | €8k | €9k | ▲ 18.3% |
| Taxes450/3 | €8k | €5k | ▼ 32.4% |
| Remuneration and social security454/9 | - | €4k | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €22k | ▼ 2.2% |
| + Depreciation and write-downs630 | €2k | €4k | ▲ 131% |
| Operating cash flow (approximation) | €24k | €25k | ▲ 6.4% |
| Investment in fixed assets (approximation) | - | €-24k | - |
| Change in cash | - | €785 | - |
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
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 20 days late
2025
19-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 111 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
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, Antwerpen · 1 establishment unit since 2023
Ground area
496 m²
Building footprint
128 m²
Volume, LiDAR
1,071 m³
Parcel 11028A0156/00Z003, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
PROGRESSIVE MECHANICAL ASSISTANCE
since 20232.349.160.945
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11028A0156/00Z003 | Flanders | 496 m² | 1 · 128 m² | 10.3 m · 3 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.
Similar companies · same sector, comparable size
Written by Jen
BE 0787.342.862
Anderlecht · Eq €47,900
GREUT
BE 0767.672.846
Evere · Eq €47,898
Sandz
BE 0739.660.731
Liedekerke · Eq €47,896
Joris-VKH
BE 1004.663.345
Heist-op-den-Berg · Eq €47,911
Into Motion
BE 0719.346.951
Antwerpen · Eq €47,912
Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 37,945 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
Founded12-09-2023
Fiscal year end31-12
Abbreviation NL
P.M.A.
Activities, NACEBEL 2025
70200Business and other management consultancy
33120Repair and maintenance of machinery
38210Materials recovery from waste
41001General construction of residential buildings
43350Other building finishing work
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.