Equity
€47,621 ▼ 42.4%
PROGRS paid out €52,165 in dividends. That is 306% of the 2025 profit.
PROGRS
Lifetime
17 annual accounts with figures on one time axis, 33 filings since 1993peak €97,781 (2018)
€26,203▲ 276%
lowest -€11,968 (2021)
€17,065▲ 367%
peak €88,970 (2020)
€47,621▼ 42.4%
€8,004▲ 49.0%
Board1 name since 2021
1 directorCORNET Patrick Georges Marcel Marie
Documentsfilings and deeds
30-07-20261 day before the deadline
2025micro format
Gross margin from €6,965 to €26,203Result from €3,654 to €17,065Dividend €52,165Equity from €82,721 to €47,621Debts from €5,374 to €8,004Investments €3,816
Key points
from the 2025 annual accountsTurnover
≈ €79,000 estimated
The micro format states no turnover.
Investments
€3,816 2.3 × depreciation
Green is investment, beige is depreciation.
Liquidity
6.31 was 15.84 in 2024
Short-term debts rose from €5,374 to €8,004.
Filings
33 annual accounts since 1993
The last five annual accounts were filed 0 to 28 days before the end of the period.
Position in the sector
85.6%
Higher solvency than 85% of companies in architecture and engineering. Sector median 53.9% · 11,794 companies.
Checked score
96
Excellent
Financially stronger than 70% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,829 companies (NACE 71, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025lowest value
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025highest value
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 6.31, cash €35,272
Equity €47,621 (85.6% of total assets)
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Figures for financial year 2025 (filed on 02-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 87% of them on solvency, 91% on liquidity, 88% on profitability and 13% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as PROGRS has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PROGRS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for PROGRS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.31 (15.84 in 2024), above the usual 1.5. Short-term debt is 14.4% and cash 63.4% of total assets. 14.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
on the day
2023
15 days early
2022
28 days early
2021
5 days early
2020
11 days early
2019
14 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- CORNET Patrick Georges Marcel Marie 700 sharesdeed of 05-01-2024
- DEWILDE Lutgarde Marie Josée Jacqueline 50 sharesdeed of 05-01-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0449321816
Change of role: CORNET Patrick Georges Marcel Marie, from manager to director
CORNET Patrick Georges Marcel Marie holds 700 shares · DEWILDE Lutgarde Marie Josée Jacqueline holds 50 shares · Gazette deed
First establishment
Fonds des Chênes 195, Namur
Incorporation
published on 25-02-1993 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PROGRS Namur | €55,625 | €26,203 | 85.6% | - |
| DINANT Bernard Seneffe | €63,872 | €25,923 | 37.5% | - |
| Architecte Urbanisme Sécurité Expertise Ciney | €73,315 | €19,751 | 67.7% | - |
| ZEPHYR HILL SERVICES Zottegem | €63,318 | €24,973 | 54.9% | - |
| STUDIO M. BERTELS Hasselt | €50,543 | €27,897 | 76.0% | - |
| ASSISTANCE TECHNIQUE EN OLEO HYDRAULIQUE Juprelle | €58,541 | €19,846 | 96.0% | - |
| Avrio Antwerp | €45,644 | €32,007 | 71.6% | - |
These companies have the same main activity as PROGRS: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €45,600 and €73,300, founded between 1988 and 1999.
Official details
Source: KBO- Status
- Active since 12-02-1993Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 5 others
- Establishment unit
- 2.061.259.6015100 Namur, since 11-03-1993
- Financial year end
- 31 December
- Peppol
- Reachable since 28-11-2024
Annual accounts 2025
- €55,625▼ 36.9%
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on PROGRS
PROGRS files the micro format. That format states no turnover. The gross margin rose from -€358 in 2006 to €26,203 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PROGRS
- What is the company number of PROGRS?
- The company number of PROGRS is 0449.321.816. The VAT number is the same number with BE in front: BE 0449.321.816.
- Where is PROGRS based?
- The registered office is at Fonds des Chênes 195, 5100 Namur.Company details
- What does PROGRS do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of PROGRS?
- PROGRS is a private limited company (BV).
- When was PROGRS founded?
- PROGRS was founded on 12-02-1993.
- Is PROGRS still active?
- Yes, PROGRS is an active enterprise in the KBO register.
- What is the turnover of PROGRS?
- The turnover in financial year 2025 is ≈ €79,000. This figure is estimated from the gross margin of €26,203 and 32 comparable companies (NACE 71121). It probably lies between €52,000 and €110,000.Financials
- Is PROGRS profitable?
- In financial year 2025, PROGRS made a profit of €17,065.
- Where can I find the annual accounts of PROGRS?
- PROGRS filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PROGRS due?
- PROGRS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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