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Generated 15-08-2026
Active BE 0478.228.311Private limited company (pre-2019)

PROGRESS P.D.

Stationsstraat 163 ·2570 Duffel, Belgium· 23 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of PROGRESS P.D. is 2.0% (moderate). The 2021 annual accounts show equity of €170k and a net result of €-3k. Equity remains stable across the filed fiscal years (±1.9% per year). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €170k
Net result €-3k
Active 23 yrs
Locations 1
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health70Profitability0Solvency100Growth58Stability100
66 / 100

Strong profile, led by solvency.

All 5 axes are computed from data Checked has read.

Health 70
Profitability 0
Solvency 100
Growth 58
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
2.0% Moderate
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +No NACE activity registered +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Long-established
Founded in 2002, 23 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2021 · computed
70 / 100 Healthy
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2021. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 29-07-2022 with the NBB · fiscal year 2021 · micro
€-60k€-40k€-20k€0€20kOperating result 2018: €-11k€-11kNet result 2018: €-36k€-36kOperating result 2019: €-31k€-31kNet result 2019: €-51k€-51kRevenue 2020: €17k€17kOperating result 2020: €-4k€-4kNet result 2020: €-57k€-57kOperating result 2021: €-3k€-3kNet result 2021: €-3k€-3k2018201920202021
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable Equity: stable across 4 fiscal years (±1.9%/year).
€140k€150k€160k€170k€180k2022: €167k (€153k - €181k)2023: €164k (€150k - €177k)2024: €161k (€147k - €174k)2018: €180k2019: €179k2020: €173k2021: €170k2018201920202021202220232024
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Revenue
€17k
- 18-21
EBITDA
€-6k
- 18-21
Net profit
€-3k
+95.1% 18-21
Cash flow
€-31k
- 18-21
Total assets
€171k
-1.8% 18-21
Equity
€170k
-1.6% 18-21
Working capital
€37k
-7.7% 18-21
Income taxes
€1k
- 18-21
Debt
€511
-40.3% 18-21
Debt ≤ 1y
€511
-8.2% 18-21
Debt > 1y
€150k
- 18-21
Current ratio
73.22
+0.5% 18-21
Quick ratio
73.22
+0.5% 18-21
Solvency
99.7%
+0.2% 18-21
Debt / equity
0.00
-99.6% 18-21
ROE
-1.6%
+95.0% 18-21
ROA
-1.6%
+95.0% 18-21
Net margin
-326.4%
- 18-21
Figures by fiscal year
Fiscal year2021
Depositmicro
Revenue-
EBITDA-
Net profit€-3k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€171k
Equity€170k
Debt€511
of which ≤ 1y€511
of which > 1y-
Working capital€37k
Employees (FTE)-
Ratios (computed)
2021
Current ratio73.22
Quick ratio73.22
Working capital ratio21.6%
Solvency99.7%
Debt / equity0.00
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-1.6%
ROE-1.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding54d
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€171k
Fixed assets 21/28€133k
Formation expenses 20€0
Tangible fixed assets 22/27€130k
Financial fixed assets 28€3k
Current assets 29/58€37k
Cash & bank 54/58€9k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€171k
Equity 10/15€170k
Contributions / capital 10/11€19k
Reserves 13€211k
Accumulated profits (losses) 14€-59k
Amounts payable 17/49€511
Amounts payable within one year 42/48€511
Trade debts payable within one year 44€511
Income statement
Gross operating margin 9900€-3k
Operating result 9901€-3k
Result before taxes 9903€-3k
Net result for the period 9904€-3k
Result to be appropriated 9905€-3k
This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 2 directors
Former directors (2)
  • BROES Jozef
    Manager
    State Gazette act 14214158 (27-11-2014)
    Former
    - → 30-09-2014
  • PEETERS Dimitri
    Manager
    State Gazette act 12179938 (05-11-2012)
    Former
    - → 01-08-2012
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary -
Legal form Private limited company (pre-2019)(015)
Incorporation29-08-2002
StatusActive
Postal code2570
Establishment units 1 location
Progress P.D. bvba
Stationsstraat 163, 2570 DuffelCafés
since 20022.133.953.676
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12009E0356/00M013 Flanders 149 m² 1 · 225 m² 7.1 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 13 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
31-10-2025
State Gazette act Registered-office change
v3.2
2022
29-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
03-09-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
18-08-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
06-06-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
03-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
30-03-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
19-07-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
2015
18-08-2015
NBB filing Annual accounts filed
fiscal year 2014 · verkort
2014
27-11-2014
State Gazette act Capital & shares
v3.2
25-08-2014
NBB filing Annual accounts filed
fiscal year 2013 · verkort
2013
29-08-2013
NBB filing Annual accounts filed
fiscal year 2012 · verkort
2012
05-11-2012
State Gazette act Director changes
v3.2
Belgisch Staatsblad, acts 3 acts
Capital history · 1
27-11-2014
v3.2
Address history · 1
31-10-2025
v3.2
All acts · 3 updated 9 months ago
2025
31-10-2025 Registered office moved within Duffel Registered-office change
  • Stationsstraat 177, 2570 Duffel → Stationsstraat 163, 2570 Duffel
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "statutaire",
      "new_address": {
        "city": "Duffel",
        "region": null,
        "street": "Stationsstraat",
        "country": "BE",
        "postcode": "2570",
        "box_number": "1",
        "street_number": "163"
      },
      "old_address": {
        "city": "Duffel",
        "region": null,
        "street": "Stationsstraat",
        "country": "BE",
        "postcode": "2570",
        "box_number": null,
        "street_number": "177"
      },
      "effective_date": "2025-10-01",
      "evidence_quote": "De algemene vergadering van 1 oktober 2025 beslist de maatschappelijke zetel te verplaatsen naar Stationsstraat 163 bus 1 2570 Duffel en dit vanaf 1 oktober 2025."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0478.228.311",
    "name_full": "PROGRESS P.D.",
    "legal_form": "BVBA"
  }
}
2014
27-11-2014 Transaction in capital or shares Capital & shares
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "share_transfer",
      "amount": null,
      "currency": null,
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "amount_type": "onbekend",
      "effective_date": "2014-09-30",
      "evidence_quote": "In buitengewone algemene vergadering van 30 september 2014 is het volgende beslist. ... Zijn aandelenpakket in de vennootschap wordt overgedragen naar de mede zaakvoerder met name PEETERS Dirk",
      "contribution_type": null
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0478.228.311",
    "name_full": "PROGRESS P.D.",
    "legal_form": "BVBA"
  }
}
2012
05-11-2012 PEETERS Dimitri resigns as manager Director changes
  • PEETERS Dimitri, Zaakvoerder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "zaakvoerder",
      "person": {
        "rrn": null,
        "name": "PEETERS Dimitri",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2012-08-01",
      "evidence_quote": "Met algemeenheid van stemmen wordt per 1 augustus 2012 aanvaardt: - Ontslag als zaakvoerder van de Dhr. PEETERS Dimitri."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0478.228.311",
    "name_full": "PROGRESS P.D.",
    "legal_form": "BVBA"
  }
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL PROGRESS P.D.
Registered office
Stationsstraat 163 bus 1
2570 Duffel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative