PROGRS
ActiveSummary
PROGRS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47,621 and a net result of €17,065. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 85% of 9511 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+26
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 6.31 against 15.84 in 2024; short-term debt: 14.4% and cash: 63.4% of total assets), and 14.4% of the assets are financed with debt.
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Signals
Five 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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
85.6%
Return on assets
30.7%
Age of the figures
9 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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
15 d early
2022
28 d early
2021
5 d early
2020
11 d early
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€47,621▼ 42.4%
2024 · €82,721
Total assets
€55,625▼ 36.9%
2024 · €88,094
Net result
€17,065▲ 367%
2024 · €3,654
Working capital
€42,521▼ 46.7%
2024 · €79,758
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
Line20212022202320242025
Operating result-€11,813-€10,261▲ 13.1%€14,225€4,691▼ 67.0%€23,527▲ 402%
Net result-€11,968-€10,780▲ 9.9%€12,845€3,654▼ 71.6%€17,065▲ 367%
Equity€77,002▼ 13.5%€66,222▼ 14.0%€79,067▲ 19.4%€82,721▲ 4.6%€47,621▼ 42.4%
Total assets€82,333▼ 40.7%€78,567▼ 4.6%€86,633▲ 10.3%€88,094▲ 1.7%€55,625▼ 36.9%
Debt€5,330▼ 89.3%€12,345▲ 132%€7,566▼ 38.7%€5,374▼ 29.0%€8,004▲ 49.0%
Working capital€57,179▼ 0.3%€54,142▼ 5.3%€76,530▲ 41.4%€79,758▲ 4.2%€42,521▼ 46.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 402% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €55,625
Fixed assets
€5,100 ▲ 72.2%
Current assets
€50,525 ▼ 40.7%
Equity and liabilities €55,625
Equity
€47,621 ▼ 42.4%
Debt
€8,004 ▲ 49.0%
Debt's share of the balance-sheet total rises from 6.1% to 14.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€25,206▲
2024 · €5,834
Cash flow
€18,744▲
2024 · €4,797
Current ratio
6.31▼
2024 · 15.84
Quick ratio
5.29▼
2024 · 14.12
Debt to equity
0.17▲
2024 · 0.06
ROE
35.8%▲
2024 · 4.4%
ROA
30.7%▲
2024 · 4.1%
Interest coverage
280.00▲
2024 · 57.36
Debt ≤ 1 year
€8,004▲
2024 · €5,374
Income taxes
€7,829▲
2024 · €1,406
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
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 31,324 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €25 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,779 | €10,602 | €10,617 | €1,143 | €1,679 | ▲ 46.8% |
| Other operating charges640/8 | €794 | €834 | €1,115 | €1,131 | €997 | ▼ 11.9% |
| Gross operating margin9900 | €760 | €1,175 | €25,957 | €6,965 | €26,203 | ▲ 276% |
| Operating profit (loss)9901 | -€11,813 | -€10,261 | €14,225 | €4,691 | €23,527 | ▲ 402% |
| Financial income75/76B | €326 | - | €41 | €471 | €1,456 | ▲ 209% |
| Recurring financial income75 | €326 | - | €41 | €471 | €1,456 | ▲ 209% |
| Financial charges65/66B | €112 | €119 | €93 | €102 | €90 | ▼ 11.5% |
| Recurring financial charges65 | €112 | €119 | €93 | €102 | €90 | ▼ 11.5% |
| Profit (loss) for the period before taxes9903 | -€11,599 | -€10,380 | €14,172 | €5,060 | €24,894 | ▲ 392% |
| Income taxes67/77 | €369 | €401 | €1,327 | €1,406 | €7,829 | ▲ 457% |
| Profit (loss) for the period9904 | -€11,968 | -€10,780 | €12,845 | €3,654 | €17,065 | ▲ 367% |
| Profit (loss) for the period to be appropriated9905 | -€11,968 | -€10,780 | €12,845 | €3,654 | €17,065 | ▲ 367% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €82,333 | €78,567 | €86,633 | €88,094 | €55,625 | ▼ 36.9% |
| Fixed assets21/28 | €19,823 | €12,080 | €2,537 | €2,962 | €5,100 | ▲ 72.2% |
| Tangible fixed assets22/27 | €19,823 | €12,080 | €2,537 | €2,962 | €5,100 | ▲ 72.2% |
| Furniture and vehicles24 | €19,823 | €12,080 | €2,537 | €2,962 | €5,100 | ▲ 72.2% |
| Current assets29/58 | €62,509 | €66,487 | €84,096 | €85,132 | €50,525 | ▼ 40.7% |
| Stocks and contracts in progress3 | €2,408 | €1,156 | €8,813 | €9,265 | €8,204 | ▼ 11.5% |
| Stocks30/36 | €2,408 | €1,156 | €8,813 | €9,265 | €8,204 | ▼ 11.5% |
| Amounts receivable within one year40/41 | €16,009 | €15,885 | €19,988 | €10,608 | €6,448 | ▼ 39.2% |
| Trade receivables40 | €9,969 | €15,885 | €19,988 | €8,873 | €6,448 | ▼ 27.3% |
| Other amounts receivable41 | €6,040 | - | - | €1,735 | - | - |
| Cash at bank and in hand54/58 | €43,493 | €48,846 | €55,295 | €64,658 | €35,272 | ▼ 45.4% |
| Deferred charges and accrued income490/1 | €600 | €600 | - | €600 | €600 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €82,333 | €78,567 | €86,633 | €88,094 | €55,625 | ▼ 36.9% |
| Equity10/15 | €77,002 | €66,222 | €79,067 | €82,721 | €47,621 | ▼ 42.4% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €70,378 | €70,378 | €70,378 | €70,378 | €29,029 | ▼ 58.8% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €68,518 | €68,518 | €70,378 | €70,378 | €29,029 | ▼ 58.8% |
| Profit (loss) carried forward14 | -€11,968 | -€22,748 | -€9,903 | -€6,249 | - | - |
| Amounts payable17/49 | €5,330 | €12,345 | €7,566 | €5,374 | €8,004 | ▲ 49.0% |
| Amounts payable within one year42/48 | €5,330 | €12,345 | €7,566 | €5,374 | €8,004 | ▲ 49.0% |
| Financial debts43 | €444 | - | €102 | - | - | - |
| Credit institutions430/8 | €444 | - | €102 | - | - | - |
| Trade debts44 | €548 | €10,343 | €2,088 | €2,369 | €2,902 | ▲ 22.5% |
| Suppliers440/4 | €548 | €10,343 | €2,088 | €2,369 | €2,902 | ▲ 22.5% |
| Taxes, remuneration and social security45 | €4,338 | €1,856 | €3,422 | €843 | €4,690 | ▲ 456% |
| Taxes450/3 | €4,338 | €1,856 | €3,422 | €843 | €4,690 | ▲ 456% |
| Other amounts payable47/48 | - | €146 | €1,954 | €2,161 | €411 | ▼ 81.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,968 | -€10,780 | €12,845 | €3,654 | €17,065 | ▲ 367% |
| + Depreciation and write-downs630 | €11,779 | €10,602 | €10,617 | €1,143 | €1,679 | ▲ 46.8% |
| Operating cash flow (approximation) | -€188 | -€178 | €23,462 | €4,797 | €18,744 | ▲ 291% |
| Investment in fixed assets (approximation) | - | -€2,859 | -€1,074 | -€1,569 | -€3,816 | ▼ 143% |
| Change in cash | - | €5,353 | €6,450 | €9,363 | -€29,386 | ▼ 414% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €12,845
Net result €12,845 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 11.11
Current ratio from 5.39 to 11.11; short-term debt falls from €12,345 to €7,566.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€11,968
Net result drops to -€11,968, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 11.73
Current ratio from 2.15 to 11.73; short-term debt falls from €49,760 to €5,330.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
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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, Namur · 1 establishment unit since 1993
Ground area
1,455 m²
Building footprint
166 m²
Volume, LiDAR
874 m³
Parcel 92135B0439/00A000, Wallonia · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Fonds des Chênes(WP) 195, 5100 Namur
since 19932.061.259.601
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92135B0439/00A000 | Wallonia | 1,454 m² | 1 · 166 m² | 6.8 m · 2 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.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 4,869 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
Founded12-02-1993
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
47400Retail sale of information and communication equipment
47519Retail trade
63100Computing infrastructure, data processing, hosting and related activities
90393Specialised image, lighting and sound technical services
95100Repair and maintenance of computers and communication equipment
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449321816
Also
9925:BE0449321816
Registered
28-11-2024
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.