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PROGRESSMA

Open bankruptcy
Private limited company (pre-2019)founded 201697 active companies are registered at this addressKBO/BCE: BE 0653.871.060

A bankruptcy procedure is open for PROGRESSMA according to publications in the Belgian Official Gazette; trustee: Marc Leemans.

Summary

The 2021 annual accounts show equity of €83,227 and a net result of -€7,824.

PROGRESSMAOpen bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

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.

The procedure

Court
Enterprise Court of Antwerp, Antwerp division
Declared bankrupt
28 November 2024
Supervising judge
Sonja Stuer
Official Gazette
16-01-2025 (pdf) ↗search the document for 2025/101377

Deadlines

Provisional date payments stopped
28 November 2024A later judgment can change the date.art. XX.105, Code of Economic Law
File the claim in RegSol, the Belgian insolvency register, until
passed on 28 December 2024art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 24 January 2025Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
Appeal or third-party opposition until
passed on 31 January 2025Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
Late claim until
passed on 28 November 2025A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law

Trustee

  • Marc LeemansPlantinkaai 24, 2000 Antwerpen 1ml@confidenz.be

What to do now

  1. The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
  2. Ask the trustee whether anything will still be paid out and whether your claim was admitted.
  3. Follow the file in RegSol: the trustee's reports appear there.
  4. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.

The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.

View the file in RegSol ↗ Follow Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company

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Overview

Activity
Activity not known1 site
Size
€96,363total assets 2021
Staff
0.8 FTE
Equity
€83,227
Loss
-€7,824
Turnover not published (micro format)
Financial health
Open bankruptcy: no score
Structure
0 of 4 deeds read
Signalsraises riskOpen bankruptcyneutralLatest accounts filed on timeShow the evidence

Signals

Two signals.
raises riskneutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee. The KBO register also records: open bankruptcy.
Belgian Official Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 08-06-2022, 53 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2023
not filed
2022
not filed
2021
53 days early
2020
23 days late
2019
88 days late
2018
29 days early
2017
28 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 5 accounts on average on the deadline day; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. OpeningEnterprise Court of Antwerp, Antwerp…
  2. Annual accounts filedfinancial year 2021 · micro…
  3. Annual accounts filedfinancial year 2020 · micro…

Financials · financial year 2021, micro format

Equity
€83,227▼ 8.6%
2020 · €91,050
Total assets
€96,363▼ 5.4%
2020 · €101,916
Net result
-€7,824
2020 · €23,155
Working capital
€81,497▲ 3.1%
2020 · €79,043
Trend over the years

2018 to 2021, 4 financial years 2018 to 2021, 4 financial years

The operating result turns negative in 2021: a loss of €5,075 after €26,745 in 2020.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€5,075 2021 Net result-€7,824 2021

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021
Operating result€2,524--€21,716€26,745-€5,075
Net result€915--€21,950€23,155-€7,824
Equity€89,846-€67,896▼ 24.4%€91,050▲ 34.1%€83,227▼ 8.6%
Total assets€92,842-€74,656▼ 19.6%€101,916▲ 36.5%€96,363▼ 5.4%
Debt€2,996-€6,760▲ 126%€10,865▲ 60.7%€13,136▲ 20.9%
Working capital€63,349-€49,595▼ 21.7%€79,043▲ 59.4%€81,497▲ 3.1%
Staff (FTE)0.2-0.2=0.2=0.8▲ 300%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €96,363
Fixed assets €1,730 ▼ 85.6%
Current assets €94,633 ▲ 5.3%
Equity and liabilities €96,363
Equity €83,227 ▼ 8.6%
Debt €13,136 ▲ 20.9%
Debt's share of the balance-sheet total rises from 10.7% to 13.6%. Equity is lower and debt is higher.
Key figures and ratios
2021 value · change against 2020
Current ratio
7.20▼
2020 · 8.27
Debt to equity
0.16
ROE
-9.4%▼
2020 · 25.4%
ROA
-8.1%▼
2020 · 22.7%
Debt ≤ 1 year
€13,136▲
2020 · €10,865
Income taxes
€69▼
2020 · €3,410
Staff costs
€6,201
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 42 lines
Balance sheet Code20202021
Assets
Total assets20/58€101,916€96,363▼
Fixed assets21/28€12,008€1,730▼
Tangible fixed assets22/27€10,278-
Financial fixed assets28€1,730€1,730=
Current assets29/58€89,908€94,633▲
Amounts receivable within one year40/41€28,863€33,792▲
Trade receivables40-€216
Other amounts receivable41-€33,576
Cash at bank and in hand54/58€61,045€60,841▼
Equity and liabilities
Total equity and liabilities10/49€101,916€96,363▼
Equity10/15€91,050€83,227▼
Contributions10/11€6,200€6,200=
Capital10-€6,200
Issued capital100-€18,600
Uncalled capital101-€12,400
Reserves13€84,850€84,850=
Non-distributable reserves130/1-€1,860
Legal reserve130-€1,860
Distributable reserves133-€82,990
Profit (loss) carried forward14€915-€7,824▼
Amounts payable17/49€10,865€13,136▲
Amounts payable within one year42/48€10,865€13,136▲
Trade debts44€1,623€9,532▲
Suppliers440/4-€9,532
Taxes, remuneration and social security45-€2,054
Taxes450/3-€1,054
Remuneration and social security454/9-€1,000
Other amounts payable47/48-€1,550
Income statement Code20202021
Remuneration, social security and pensions62-€6,201
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,385-
Other operating charges640/8-€2,163
Gross operating margin9900€46,557€3,290▼
Operating profit (loss)9901€26,745-€5,075▼
Recurring financial income75€2-
Financial charges65/66B-€2,680
Recurring financial charges65€183€180▼
Non-recurring financial charges66B-€2,500
Profit (loss) for the period before taxes9903€26,565-€7,754▼
Income taxes67/77€3,410€69▼
Profit (loss) for the period9904€23,155-€7,824▼
Profit (loss) for the period to be appropriated9905€23,155-€7,824▼
Appropriation of the result
Profit (loss) to be appropriated9906--€7,824

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021Change
Remuneration, social security and pensions62---€6,201-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,371€9,510€8,385--
Other operating charges640/8---€2,163-
Gross operating margin9900€21,527-€1,075€46,557€3,290▼ 92.9%
Operating profit (loss)9901€2,524-€21,716€26,745-€5,075-
Recurring financial income75--€2--
Financial charges65/66B---€2,680-
Recurring financial charges65€176€163€183€180▼ 1.5%
Non-recurring financial charges66B---€2,500-
Profit (loss) for the period before taxes9903€2,348-€21,879€26,565-€7,754-
Income taxes67/77€1,433€72€3,410€69▼ 98.0%
Profit (loss) for the period9904€915-€21,950€23,155-€7,824-
Profit (loss) for the period to be appropriated9905€915-€21,950€23,155-€7,824-
Line2018201920202021Change
Assets
Total assets20/58€92,842€74,656€101,916€96,363▼ 5.4%
Fixed assets21/28€26,497€18,300€12,008€1,730▼ 85.6%
Tangible fixed assets22/27€24,947€16,570€10,278--
Financial fixed assets28€1,550€1,730€1,730€1,730=
Current assets29/58€66,345€56,355€89,908€94,633▲ 5.3%
Amounts receivable within one year40/41€28,744€21,351€28,863€33,792▲ 17.1%
Trade receivables40---€216-
Other amounts receivable41---€33,576-
Cash at bank and in hand54/58€37,601€35,004€61,045€60,841▼ 0.3%
Equity and liabilities
Total equity and liabilities10/49€92,842€74,656€101,916€96,363▼ 5.4%
Equity10/15€89,846€67,896€91,050€83,227▼ 8.6%
Contributions10/11€6,200€6,200€6,200€6,200=
Capital10---€6,200-
Issued capital100---€18,600-
Uncalled capital101---€12,400-
Reserves13€82,731€82,731€84,850€84,850=
Non-distributable reserves130/1---€1,860-
Legal reserve130---€1,860-
Distributable reserves133---€82,990-
Profit (loss) carried forward14€915-€21,035€915-€7,824-
Amounts payable17/49€2,996€6,760€10,865€13,136▲ 20.9%
Amounts payable within one year42/48€2,996€6,760€10,865€13,136▲ 20.9%
Trade debts44€678€3,568€1,623€9,532▲ 487%
Suppliers440/4---€9,532-
Taxes, remuneration and social security45---€2,054-
Taxes450/3---€1,054-
Remuneration and social security454/9---€1,000-
Other amounts payable47/48---€1,550-
Line2018201920202021Change
Profit (loss) for the period9904€915-€21,950€23,155-€7,824-
+ Depreciation and write-downs630€9,371€9,510€8,385--
Operating cash flow (approximation)€10,286-€12,440€31,540-€7,824-
Investment in fixed assets (approximation)--€1,314-€2,093€10,278-
Change in cash--€2,597€26,041-€204-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (5)
Financial year Type Filed Reference
31-12-2021 micro format 08-06-2022 2022-20057109
31-12-2020 micro format 23-08-2021 2021-52000005
31-12-2019 micro format 27-10-2020 2020-63600029
31-12-2018 micro format 02-07-2019 2019-29400025
31-12-2017 micro format 03-07-2018 2018-29900425

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 4 Gazette acts processed. See the directors and other office holders in the KBO →

Insolvency mandates

1 mandate
Role Name Tenure
Trustee Marc Leemans
Plantinkaai 24, 2000 Antwerpen 1
28-11-2024 → present

Owners and capital

Owners

2 owners

Owners 2

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

No directors read yet: 0 of 4 Gazette acts processed.

History

On 10 May 2016, PROGRESSMA was incorporated.1 Total assets went from €92,842 in 2018 to €96,363 in 2021 and headcount from 0.2 to 0.8 full-time equivalents.2 The company was declared bankrupt on 28 November 2024.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2021
  3. 3Belgian Official Gazette, 16-01-2025

Acts, filings and financial milestones

2025
16-01
Bankruptcy Opening
Enterprise Court of Antwerp, Antwerp division · judgment of 28-11-2024
2022
08-06
NBB filing Annual accounts filed
financial year 2021 · micro format
2021
23-08
NBB filing Annual accounts filed
financial year 2020 · micro format · 23 days late
2020
31-12
Financial Back to profitnet €23,155
Net result €23,155 after one loss-making year.
27-10
NBB filing Annual accounts filed
financial year 2019 · micro format · 88 days late
2019
31-12
Financial Weakest financial yearnet -€21,950
Net result drops to -€21,950, the lowest in the series.
02-07
NBB filing Annual accounts filed
financial year 2018 · micro format
2018
03-07
NBB filing Annual accounts filed
financial year 2017 · micro format
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 4 deeds read
About the unread acts

We know of 4 Belgian Official 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.

Register details

Identification
Legal formPrivate limited company (pre-2019)
Founded10-05-2016
Financial year end31-12
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

Register as of 18 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2016
registered office establishment The establishment unit on the map
Ground area
1,782 m²
Building footprint
399 m²
Building volume
6,759 m³
2 parcels, Flanders · tallest building 28.3 m. Linked by address, not a title deed.
97 companies at this address See who is registered here
1 establishment unit
PROGRESSMA
Activities of head offices
since 2016unit no. 2.252.866.471
2 parcels
Flanders 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
72033B1018/00R000 Flanders 964 m² 1 · 162 m² 7.9 m · 2
11808H1236/00R003 Flanders 819 m² 1 · 236 m² 28.3 m · 8
How the parcels are linked
Good to know
Both parcels match the address exactly.