Progeno
ActiveSummary
Progeno has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €603k and a net result of €65k. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 75% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+7
Solvency100▲+6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 36.75 against 24.43 in 2024; short-term debt: 2.7% and cash: 32% of total assets), and 19.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
80.4%
Return on assets
8.7%
Age of the figures
9 mo
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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
11 d late
2024
60 d late
2023
27 d late
2022
49 d early
2021
53 d early
2020
32 d early
2019
53 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€603k▲ 12.4%
2024 · €536k
2018: €214k
2019: €289k
2020: €331k
2021: €380k
2022: €428k
2023: €523k
2024: €536k
2018 → 2025
Total assets
€750k▼ 3.3%
2024 · €776k
2018: €351k
2019: €403k
2020: €354k
2021: €533k
2022: €526k
2023: €865k
2024: €776k
2018 → 2025
Net result
€65k▲ 126%
2024 · €29k
2018: €63k
2019: €76k
2020: €42k
2021: €49k
2022: €48k
2023: €95k
2024: €29k
2018 → 2025
Working capital
€728k▼ 1.7%
2024 · €740k
2018: €283k
2019: €278k
2020: €329k
2021: €525k
2022: €499k
2023: €834k
2024: €740k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€380k-€428k▲ 12.6%€523k▲ 22.1%€536k▲ 2.6%€603k▲ 12.4%
Operating result€69k-€72k▲ 4.3%€140k▲ 94.9%€41k▼ 70.9%€80k▲ 95.7%
Net result€49k-€48k▼ 1.8%€95k▲ 98.0%€29k▼ 69.6%€65k▲ 126%
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 96% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €750k
Fixed assets
€2k ▼ 54.1%
Current assets
€748k ▼ 3.1%
Equity and liabilities €750k
Equity
€603k ▲ 12.4%
Debt
€147k ▼ 38.6%
Debt's share of the balance-sheet total falls from 30.8% to 19.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€82k▲
2024 · €43k
Cash flow
€67k▲
2024 · €31k
Current ratio
36.75▲
2024 · 24.43
Debt to equity
0.24▼
2024 · 0.45
ROE
10.8%▲
2024 · 5.4%
ROA
8.7%▲
2024 · 3.7%
Interest coverage
287.48▲
2024 · 155.25
Debt ≤ 1 year
€20k▼
2024 · €32k
Income taxes
€18k▲
2024 · €12k
Staff costs
€43k▼
2024 · €56k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€776k€750k▼
Fixed assets21/28€4k€2k▼
Tangible fixed assets22/27€4k€2k▼
Plant, machinery and equipment23€79€0▼
Furniture and vehicles24€4k€2k▼
Financial fixed assets28€142€142=
Current assets29/58€772k€748k▼
Amounts receivable within one year40/41€28k€17k▼
Trade receivables40-€134
Other amounts receivable41€28k€17k▼
Current investments50/53-€490k
Cash at bank and in hand54/58€744k€240k▼
Deferred charges and accrued income490/1€402€1k▲
Equity and liabilities
Total equity and liabilities10/49€776k€750k▼
Equity10/15€536k€603k▲
Contributions10/11€19k€19k=
Reserves13€518k€584k▲
Distributable reserves133€518k€584k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€239k€147k▼
Amounts payable within one year42/48€32k€20k▼
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€16k€17k▲
Taxes450/3€2k€17k▲
Remuneration and social security454/9€14k€0▼
Other amounts payable47/48€14k€0▼
Accrued charges and deferred income492/3€208k€127k▼
Income statement
Code20242025
Remuneration, social security and pensions62€56k€43k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€933€2k▲
Gross operating margin9900€100k€127k▲
Operating profit (loss)9901€41k€80k▲
Financial income75/76B€0€4k▲
Recurring financial income75€0€4k▲
Financial charges65/66B€276€285▲
Recurring financial charges65€276€285▲
Profit (loss) for the period before taxes9903€40k€83k▲
Income taxes67/77€12k€18k▲
Profit (loss) for the period9904€29k€65k▲
Profit (loss) for the period to be appropriated9905€29k€65k▲
Appropriation of the result
Profit (loss) to be appropriated9906€29k€65k▲
Transfer from equity791/2€15k€0▼
Transfer to equity691/2€29k€65k▲
To other reserves6921€29k€65k▲
Profit to be distributed694/7€15k€0▼
Return on contributions (dividend)694€15k€0▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet €29k ▼69.6%
Net result drops to €29k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Highest result since 2018net €95k ▲98%
Operating result €140k, net result €95k, both a record.
31-12
Financial
Equity above €500kEq €523k ▲22.1%
6 profitable years in a row build equity to €523k.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 5current ratio 74.59
Current ratio from 15.62 to 74.59; short-term debt falls from €22k to €7k.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 5current ratio 15.62
Current ratio from 3.43 to 15.62; short-term debt falls from €114k to €22k.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-06
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 3 acts read
About the unread acts
We know of 3 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
3 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, Maldegem · 1 establishment unit since 2013
Ground area
4,798 m²
Building footprint
99 m²
Parcel 43503F1922/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
Haantjesveld 8, 9990 Maldegem
since 20132.215.472.872
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43503F1922/00D000 | Flanders | 4,798 m² | 1 · 99 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
European Union, budget
2021 · 1 entry · 301,748 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2021 | 1 | 301,748 EUR |
Projects
CROPDIVA - CLIMATE RESILIENT ORPHAN CROPS FOR INCREASED DIVERSITY IN AGRICULTURE
European research
2 projects · 705,000 EUR EU contributionProgrammes
Horizon 2020
Projects
Breeding forage and grain legumes to increase EU's and China's protein self-sufficiency
Climate Resilient Orphan croPs for increased DIVersity in Agriculture
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 5,153 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
01130Growing of vegetables, melons, roots and tubers
01630Crop and animal production, hunting and related service activities
58290Other software publishing
62200Computer consultancy and computer facilities management
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.