Progress Software
ActiveSummary
Progress Software has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.06M and a net result of €170k. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 27% of 2692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability45▼-4
Solvency44▲+7
Growth48=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 3.18 against 2.0 in 2024; short-term debt: 31.4% and cash: 14.9% of total assets), but 80.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 62
Relative position
BE, all sectors
reference
Sector 62
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
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
19.2%
Return on assets
3.1%
Age of the figures
10 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 08-05-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
42 d early
2023
19 d early
2022
46 d early
2021
9 d early
2020
55 d early
2019
47 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 30-11-2026 and is due by 30-06-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-11-2026 close30-06-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€7.71M▼ 2.3%
2024 · €7.89M
2018: €8.42M
2019: €8.60M
2020: €7.25M
2022: €7.44M
2023: €7.65M
2024: €7.89M
2018 → 2025
EBIT margin
2.1%▼ 2.1pp
2024 · 4.2%
2018: 1.4%
2019: 1.1%
2020: 3.5%
2022: 0.8%
2023: 4.3%
2024: 4.2%
2018 → 2025
Net result
€170k▼ 49.7%
2024 · €338k
2018: €72k
2019: €85k
2020: €186k
2022: €62k
2023: €285k
2024: €338k
2018 → 2025
Working capital
€3.79M▲ 3.1%
2024 · €3.67M
2018: €6.29M
2019: €6.25M
2020: €6.38M
2022: €6.44M
2023: €6.71M
2024: €3.67M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Turnover€7.25M-€7.44M▲ 2.6%€7.65M▲ 2.9%€7.89M▲ 3.1%€7.71M▼ 2.3%
Equity€3.26M-€3.47M▲ 6.5%€3.75M▲ 8.2%€890k▼ 76.3%€1.06M▲ 19.1%
Operating result€257k-€58k▼ 77.5%€332k▲ 476%€334k▲ 0.6%€165k▼ 50.5%
Net result€186k-€62k▼ 66.7%€285k▲ 359%€338k▲ 18.7%€170k▼ 49.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 50% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €5.53M
Equity
€1.06M ▲ 19.1%
Debt
€4.47M ▼ 31.0%
Debt's share of the balance-sheet total falls from 87.9% to 80.8%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
3.18▲
2024 · 2.00
Debt to equity
4.21▼
2024 · 7.27
ROE
16.0%▼
2024 · 38.0%
ROA
3.1%▼
2024 · 4.6%
Debt ≤ 1 year
€1.74M▼
2024 · €3.69M
Income taxes
€52k▼
2024 · €123k
Staff costs
€631k▲
2024 · €611k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.36M€5.53M▼
Current assets29/58€7.36M€5.53M▼
Amounts receivable after more than one year29€1.76M-
Other amounts receivable291€1.76M-
Amounts receivable within one year40/41€2.85M€4.66M▲
Trade receivables40€1.51M€1.28M▼
Other amounts receivable41€1.34M€3.37M▲
Cash at bank and in hand54/58€2.68M€822k▼
Deferred charges and accrued income490/1€70k€48k▼
Equity and liabilities
Total equity and liabilities10/49€7.36M€5.53M▼
Equity10/15€890k€1.06M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€491k€829k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€198k€198k=
Distributable reserves133€287k€625k▲
Profit (loss) carried forward14€338k€170k▼
Amounts payable17/49€6.47M€4.47M▼
Amounts payable within one year42/48€3.69M€1.74M▼
Trade debts44€4k€1.19M▲
Suppliers440/4€4k€1.19M▲
Taxes, remuneration and social security45€333k€287k▼
Taxes450/3€177k€165k▼
Remuneration and social security454/9€156k€123k▼
Other amounts payable47/48€3.35M€260k▼
Accrued charges and deferred income492/3€2.78M€2.73M▼
Income statement
Code20242025
Turnover70€7.89M€7.71M▼
Goods, raw materials, services and sundry goods60/61€6.95M€6.91M▼
Remuneration, social security and pensions62€611k€631k▲
Gross operating margin9900€944k€796k▼
Operating profit (loss)9901€334k€165k▼
Financial income75/76B€128k€58k▼
Recurring financial income75€128k€58k▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€461k€222k▼
Income taxes67/77€123k€52k▼
Profit (loss) for the period9904€338k€170k▼
Profit (loss) for the period to be appropriated9905€338k€170k▼
Appropriation of the result
Profit (loss) to be appropriated9906€623k€508k▼
Profit (loss) brought forward from the previous period14P€285k€338k▲
Transfer from equity791/2€3.20M-
Transfer to equity691/2€285k€338k▲
To other reserves6921€285k€338k▲
Profit to be distributed694/7€3.20M-
Return on contributions (dividend)694€3.20M-
Social balance
Average headcount (FTE)90872.02.0=
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-11
Financial
Equity above €1MEq €1.06M ▲19.1%
7 profitable years in a row build equity to €1.06M.
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-11
Financial
Highest result since 2018net €338k ▲18.7%
Operating result €334k, net result €338k, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-11
Financial
Weakest financial yearnet €62k ▼66.7%
Net result drops to €62k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 4 days late
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
20 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, Brussel · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Marnixlaan 231000 BrusselGround area
1,027 m²
Building footprint
800 m²
Volume, LiDAR
19,374 m³
Parcel 21805E0534/00D000, Brussels · tallest building 44.0 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
PROGRESS SOFTWARE
since 19892.033.697.842
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0534/00D000 | Brussels | 1,027 m² | 1 · 800 m² | 44.0 m · 8 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.
Similar companies · same sector, comparable size
MEETSIES
BE 0628.692.731
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Zapfloor Next Generation
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GREISCH INGENIERIE
BE 0444.668.289
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XP2
BE 0477.024.719
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UMAN.AI
BE 0717.945.005
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Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 3,978 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 formPublic limited company
Founded12-02-1987
Fiscal year end30-11
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.