PROGRESCOM
ActiveSummary
PROGRESCOM has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €177k and a net result of €-4k. Equity is growing by ~22.9% per year across the filed fiscal years. Its solvency ranks better than 75% of 88 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▼-23
Solvency99▲+1
Growth47▼-24
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 3.22 against 3.02 in 2024; short-term debt: 25.8% of total assets), and 25.8% of the assets are financed with debt.
Credit check for your own amount and term
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 02
Relative position
BE, all sectors
reference
Sector 02
lower
← 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
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
34 d late
2023
54 d late
2022
6 d early
2021
22 d late
2020
12 d late
2019
41 d late
← 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, full schema
Turnover
€414k▼ 31.4%
2024 · €604k
2018: €388k
2019: €636k
2020: €366k
2021: €687k
2022: €601k
2023: €451k
2024: €604k
2018 → 2025
EBIT margin
-0.7%▼ 5.2pp
2024 · 4.5%
2018: 0.7%
2019: 2.3%
2020: 3.5%
2021: 2.8%
2022: 14.3%
2023: 4.3%
2024: 4.5%
2018 → 2025
Net result
€-4k
2024 · €19k
2018: €-2k
2019: €12k
2020: €10k
2021: €17k
2022: €62k
2023: €13k
2024: €19k
2018 → 2025
Working capital
€136k▼ 1.1%
2024 · €138k
2018: €20k
2019: €31k
2020: €41k
2021: €42k
2022: €113k
2023: €158k
2024: €138k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€687k-€601k▼ 12.5%€451k▼ 25.0%€604k▲ 33.9%€414k▼ 31.4%
Equity€88k-€149k▲ 70.3%€162k▲ 8.6%€181k▲ 11.5%€177k▼ 2.2%
Operating result€20k-€86k▲ 338%€20k▼ 77.1%€27k▲ 39.4%€-3k
Net result€17k-€62k▲ 255%€13k▼ 79.2%€19k▲ 45.1%€-4k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €27k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €238k
Fixed assets
€40k ▼ 5.7%
Current assets
€198k ▼ 4.1%
Equity and liabilities €238k
Equity
€177k ▼ 2.2%
Debt
€61k ▼ 10.2%
Debt's share of the balance-sheet total falls from 27.4% to 25.8%. Equity and debt are lower.
Key figures and ratios
Current ratio
3.22▲
2024 · 3.02
Quick ratio
0.92▼
2024 · 1.22
Debt to equity
0.35▼
2024 · 0.38
ROE
-2.2%▼
2024 · 10.3%
ROA
-1.6%▼
2024 · 7.5%
Debt ≤ 1 year
€61k▼
2024 · €68k
Income taxes
€0▼
2024 · €7k
Staff costs
€101k▼
2024 · €133k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€249k€238k▼
Fixed assets21/28€43k€40k▼
Intangible fixed assets21€28k€28k=
Financial fixed assets28€15k€13k▼
Current assets29/58€206k€198k▼
Stocks and contracts in progress3€123k€141k▲
Stocks30/36€123k€141k▲
Amounts receivable within one year40/41€8k€6k▼
Trade receivables40€8k-
Other amounts receivable41-€6k
Current investments50/53€76k€51k▼
Equity and liabilities
Total equity and liabilities10/49€249k€238k▼
Equity10/15€181k€177k▼
Contributions10/11€22k€22k=
Capital10€22k€22k=
Issued capital100€22k€22k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€156k€152k▼
Amounts payable17/49€68k€61k▼
Amounts payable within one year42/48€68k€61k▼
Trade debts44€32k€48k▲
Suppliers440/4€32k€48k▲
Taxes, remuneration and social security45€37k€14k▼
Taxes450/3€19k-
Remuneration and social security454/9€18k€14k▼
Income statement
Code20242025
Turnover70€604k€414k▼
Goods, raw materials, services and sundry goods60/61€439k€312k▼
Remuneration, social security and pensions62€133k€101k▼
Other operating charges640/8€4k€4k▲
Gross operating margin9900€164k€103k▼
Operating profit (loss)9901€27k€-3k▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€26k€-4k▼
Income taxes67/77€7k€0▼
Profit (loss) for the period9904€19k€-4k▼
Profit (loss) for the period to be appropriated9905€19k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€156k€152k▼
Profit (loss) brought forward from the previous period14P€138k€156k▲
Social balance
Average headcount (FTE)90874.12.3▼
The notes to these accounts (5 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series.
03-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 34 days late
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 54 days late
2023
31-12
Financial
Equity above €150kEq €162k ▲8.6%
5 profitable years in a row build equity to €162k.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €62k ▲255%
Operating result €86k, net result €62k, both a record.
31-12
Financial
Equity above €100kEq €149k ▲70.3%
4 profitable years in a row build equity to €149k.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 22 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 12 days late
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 41 days late
2019
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
Show earlier events
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 8 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 7 days late
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Bertrix · 1 establishment unit since 1995
Ground area
3,979 m²
Building footprint
855 m²
Volume, LiDAR
4,702 m³
Parcel 84009C0848/00T002, Wallonia · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue des Prés la Mercire 6, 6880 Bertrix
since 19952.228.385.057
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84009C0848/00T002 | Wallonia | 3,979 m² | 1 · 855 m² | 6.5 m · 2 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBertrix
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Of 607 companies in sector 02100 we hold annual accounts for 210. 157 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 formCooperative company
Founded31-10-1995
Fiscal year end31-12
Activities, NACEBEL 2025
02100Forestry and logging
02200Logging
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:progression@larenardiere.be
Phone:061 41 33 51