PROGRESSUM
ActiveSummary
PROGRESSUM has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €126,423 and a net result of €847. Equity is shrinking by ~3.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability65▲+42
Solvency91▲+10
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 2.01 against 2.52 in 2023; short-term debt: 17.9% and cash: 16.1% of total assets), and 34.1% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
43 d early
2022
39 d early
2021
40 d early
2020
40 d early
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 40 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€126,423▲ 0.7%
2023 · €125,576
Total assets
€191,700▼ 15.1%
2023 · €225,691
Net result
€847
2023 · -€10,965
Working capital
€34,833▼ 30.4%
2023 · €50,024
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€127€168▲ 32.6%-€2,440€2,435€3,606▲ 48.1%
Net result€2,637-€2,784-€7,446▼ 167%-€10,965▼ 47.3%€847
Equity€146,772▲ 1.8%€143,988▼ 1.9%€136,541▼ 5.2%€125,576▼ 8.0%€126,423▲ 0.7%
Total assets€345,108▼ 7.0%€309,955▼ 10.2%€268,540▼ 13.4%€225,691▼ 16.0%€191,700▼ 15.1%
Debt€198,337▼ 12.6%€165,968▼ 16.3%€131,999▼ 20.5%€100,115▼ 24.2%€65,277▼ 34.8%
Working capital€102,804▼ 5.8%€91,323▼ 11.2%€71,949▼ 21.2%€50,024▼ 30.5%€34,833▼ 30.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 48% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €191,700
Fixed assets
€122,495 ▼ 14.2%
Current assets
€69,205 ▼ 16.5%
Equity and liabilities €191,700
Equity
€126,423 ▲ 0.7%
Debt
€65,277 ▼ 34.8%
Debt's share of the balance-sheet total falls from 44.4% to 34.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23,903▲
2023 · €22,733
Cash flow
€21,144▲
2023 · €9,333
Current ratio
2.01▼
2023 · 2.52
Debt to equity
0.52▼
2023 · 0.80
ROE
0.7%▲
2023 · -8.7%
ROA
0.4%▲
2023 · -4.9%
Interest coverage
5.52▲
2023 · 1.24
Debt ≤ 1 year
€34,372▲
2023 · €32,874
Debt > 1 year
€28,976▼
2023 · €65,391
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,891 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,298 | €20,298 | €20,298 | €20,298 | €20,298 | = |
| Other operating charges640/8 | - | €1,502 | €1,526 | €3,532 | €1,856 | ▼ 47.5% |
| Gross operating margin9900 | €21,881 | €21,967 | €19,384 | €26,265 | €25,759 | ▼ 1.9% |
| Operating profit (loss)9901 | €127 | €168 | -€2,440 | €2,435 | €3,606 | ▲ 48.1% |
| Financial income75/76B | - | €4,140 | €1,034 | €5,006 | €1,570 | ▼ 68.6% |
| Recurring financial income75 | €10,437 | €4,140 | €1,034 | €5,006 | €1,570 | ▼ 68.6% |
| Financial charges65/66B | - | €6,993 | €6,187 | €18,406 | €4,329 | ▼ 76.5% |
| Recurring financial charges65 | €8,015 | €6,993 | €6,187 | €18,406 | €4,329 | ▼ 76.5% |
| Profit (loss) for the period before taxes9903 | €2,548 | -€2,685 | -€7,593 | -€10,965 | €847 | ▲ 108% |
| Income taxes67/77 | -€89 | €99 | -€146 | €0 | - | - |
| Profit (loss) for the period9904 | €2,637 | -€2,784 | -€7,446 | -€10,965 | €847 | ▲ 108% |
| Profit (loss) for the period to be appropriated9905 | €2,637 | -€2,784 | -€7,446 | -€10,965 | €847 | ▲ 108% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €345,108 | €309,955 | €268,540 | €225,691 | €191,700 | ▼ 15.1% |
| Fixed assets21/28 | €203,686 | €183,388 | €163,090 | €142,793 | €122,495 | ▼ 14.2% |
| Tangible fixed assets22/27 | €203,686 | €183,388 | €163,090 | €142,793 | €122,495 | ▼ 14.2% |
| Land and buildings22 | - | €183,388 | €163,090 | €142,793 | €122,495 | ▼ 14.2% |
| Current assets29/58 | €141,422 | €126,567 | €105,450 | €82,898 | €69,205 | ▼ 16.5% |
| Amounts receivable within one year40/41 | - | - | €194 | €595 | €197 | ▼ 66.9% |
| Other amounts receivable41 | - | - | €194 | €595 | €197 | ▼ 66.9% |
| Current investments50/53 | €131,254 | €46,842 | €46,842 | €20,191 | €37,402 | ▲ 85.2% |
| Cash at bank and in hand54/58 | €9,686 | €79,168 | €57,135 | €61,564 | €30,931 | ▼ 49.8% |
| Deferred charges and accrued income490/1 | - | €558 | €1,279 | €549 | €675 | ▲ 23.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €345,108 | €309,955 | €268,540 | €225,691 | €191,700 | ▼ 15.1% |
| Equity10/15 | €146,772 | €143,988 | €136,541 | €125,576 | €126,423 | ▲ 0.7% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €167,583 | €167,583 | €124,141 | €119,439 | €119,439 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €165,723 | €122,281 | €119,439 | €119,439 | = |
| Profit (loss) carried forward14 | -€33,211 | -€35,995 | €0 | -€6,263 | -€5,417 | ▲ 13.5% |
| Amounts payable17/49 | €198,337 | €165,968 | €131,999 | €100,115 | €65,277 | ▼ 34.8% |
| Amounts payable after more than one year17 | €158,159 | €129,908 | €97,619 | €65,391 | €28,976 | ▼ 55.7% |
| Financial debts170/4 | - | €125,728 | €94,739 | €62,511 | €28,976 | ▼ 53.6% |
| Other amounts payable178/9 | - | €4,180 | €2,880 | €2,880 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €38,618 | €35,244 | €33,500 | €32,874 | €34,372 | ▲ 4.6% |
| Current portion of amounts payable after more than one year42 | - | €29,790 | €30,990 | €32,228 | €33,535 | ▲ 4.1% |
| Trade debts44 | €197 | - | - | - | - | - |
| Other amounts payable47/48 | - | €5,454 | €2,510 | €646 | €837 | ▲ 29.4% |
| Accrued charges and deferred income492/3 | - | €815 | €880 | €1,850 | €1,930 | ▲ 4.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,637 | -€2,784 | -€7,446 | -€10,965 | €847 | ▲ 108% |
| + Depreciation and write-downs630 | €20,298 | €20,298 | €20,298 | €20,298 | €20,298 | = |
| Operating cash flow (approximation) | €22,935 | €17,514 | €12,851 | €9,333 | €21,144 | ▲ 127% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €69,482 | -€22,033 | €4,429 | -€30,632 | ▼ 792% |
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
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €847
Net result €847 after 3 loss-making years.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€10,965
Net result drops to -€10,965, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
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
Back to profitnet €2,637
Net result €2,637 after 2 loss-making years.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Nazareth-De Pinte · 1 establishment unit since 2008
Ground area
4,171 m²
Building footprint
262 m²
Volume, LiDAR
89 m³
Parcel 44048F0484/00D000, Flanders · tallest building 5.7 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Progressum
since 20082.172.638.860
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44048F0484/00D000 | Flanders | 4,171 m² | 1 · 262 m² | 5.7 m |
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.
Recognitions · licences · registrations
Legal Entity Identifier
967600LZLUZH0YOCK539
Identification & contact
Identification
Legal formPrivate limited company
Founded26-08-2008
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0899973126
Also
9925:BE0899973126
Registered
14-10-2024
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.