Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for PROGYP SOLUTIONS according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2020 annual accounts show equity of €140k and a net result of €118k.
Based on the State Gazette, CBE and 3 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
2 eventsSignals
Insufficient current data: the most recent filed accounts (financial year 2020) are too old to derive current signals.
Filing behaviour
From the deposit records, complete market-wide| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | nothing on record | not filed | - |
| 31-12-2023 | 31-07-2024 | nothing on record | not filed | - |
| 31-12-2022 | 31-07-2023 | nothing on record | not filed | - |
| 31-12-2021 | 31-07-2022 | nothing on record | not filed | - |
| 31-12-2020 | 31-07-2021 | 06-12-2021 | 128 d late | 2021-79700361 |
| 31-12-2019 | 31-07-2020 | 21-08-2020 | 21 d late | 2020-44500034 |
| 31-12-2018 | 31-07-2019 | 06-08-2020 | 372 d late | 2020-40400409 |
| 31-12-2017 | 31-07-2018 | 18-10-2019 | 444 d late | 2019-70900019 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsAdministrative Flags
1 eventFinancials
Annual accounts & ratios
Source: NBB · 2020| Fiscal year | 2020 |
|---|---|
| Deposit | micro |
| Revenue | €104k |
| EBITDA | €13k |
| Net profit | €118k |
| Cash flow | €119k |
| Staff costs | - |
| Income taxes | €6k |
| Dividends | - |
| Total assets | €154k |
| Equity | €140k |
| Debt | €14k |
| of which ≤ 1y | €14k |
| of which > 1y | - |
| Working capital | €139k |
| Employees (FTE) | - |
| 2020 | |
|---|---|
| Current ratio | 10.65 |
| Quick ratio | 10.65 |
| Working capital ratio | 90.3% |
| Solvency | 90.6% |
| Debt / equity | - |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | 113.8% |
| ROA | 76.8% |
| ROE | 84.8% |
| EBITDA margin | 12.9% |
| Days sales outstanding | 531d |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2020 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €154k |
| Fixed assets | 21/28 | €590 |
| Tangible fixed assets | 22/27 | €496 |
| Financial fixed assets | 28 | €93 |
| Current assets | 29/58 | €153k |
| Amounts receivable within one year | 40/41 | €151k |
| Cash & bank | 54/58 | €2k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €154k |
| Equity | 10/15 | €140k |
| Contributions / capital | 10/11 | €0 |
| Reserves | 13 | €3k |
| Accumulated profits (losses) | 14 | €118k |
| Amounts payable | 17/49 | €14k |
| Amounts payable within one year | 42/48 | €14k |
| Trade debts payable within one year | 44 | €13k |
| Income statement | ||
| Turnover | 70 | €104k |
| Gross operating margin | 9900 | €14k |
| Operating result | 9901 | €13k |
| Financial income | 75 | €12k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €23k |
| Income taxes | 67/77 | €6k |
| Net result for the period | 9904 | €17k |
| Result to be appropriated | 9905 | €17k |
Health barometer
FY 2020 · computedUnlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Directors
Directors & mandates
2 directors-
Costache GeorgheDirector (executive)State Gazette act 24147582 (14-10-2024)Current03-02-2024 → present
Former directors (1)
-
DOS SANTOS FRANCA, JulianaDirectorState Gazette act 23163891 (21-12-2023)Former- → 30-06-2022
Insolvency mandates
2 mandates| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | FRANCOIS ANCION RUE DES ECOLIERS 3,
4020 LIEGE 2 |
16-06-2025 → present | Belgian State Gazette |
| Curator | CHARLOTTE MUSCH RUE DES
ECOLIERS 3, 4020 LIEGE 2 |
16-06-2025 → present | Belgian State Gazette |
Legal Structure
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 20-10-2016 |
| Status | Active |
| Postal code | - |
| First BS signal | 20-06-2025 |
| Latest BS signal | 20-06-2025 |
Structure & network
Ownership & control
No ownership or control structure found in the sources.
For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.
2 court or liquidation mandates are on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.
Publications
Lifecycle & Insolvency Signals
2 events from the State GazetteTime machine: BS events + macro context
2021-2026Belgisch Staatsblad · acts
3 acts14-10-2024 Transaction in capital or shares
02-02-2024 Articles of association amended, name change, legal-form conversion and translation of the articles
21-12-2023 DOS SANTOS FRANCA, Juliana resigns as director
- DOS SANTOS FRANCA, Juliana, Bestuurder
Analysis
Snowflake analysis
financial profile on 5 axesMixed profile: strong on solvency, weaker on stability.
All 5 axes are computed from data Checked has read.
Ask AI about this company
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AI due-diligence brief
Checked AIGenerate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Credit advice
verdict per customer and amountCompany registry
Company registry (CBE)
Crossroads Bank| Legal nameFR | PROGYP SOLUTIONS |
- 14-03-2025 Address struck