RESIDENCE LE PROGRES
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-105k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
6 d early
2023
7 d early
2022
11 d early
2021
4 d early
2020
21 d early
2019
2 d early
2018
33 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€4.81M▲ 3.0%
2023 · €4.67M
2018: €3.63M
2019: €3.63M
2020: €3.71M
2023: €4.67M
2018 → 2024
EBIT margin
-2.5%▲ 0.3pp
2023 · -2.8%
2018: 1.1%
2019: 2.6%
2020: 0.0%
2023: -2.8%
2018 → 2024
Net result
€-105k▲ 18.9%
2023 · €-130k
2018: €31k
2019: €62k
2020: €-5k
2021: €-292k
2022: €68k
2023: €-130k
2018 → 2024
Working capital
€104k▼ 19.2%
2023 · €129k
2018: €1.35M
2019: €588k
2020: €571k
2021: €269k
2022: €307k
2023: €129k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€3.71M-€4.67M€4.81M▲ 3.0%
Equity€1.42M-€1.13M▼ 20.6%€1.20M▲ 6.1%€1.07M▼ 10.8%€962k▼ 9.9%
Operating result€1k-€-289k€83k€-129k€-120k▲ 7.2%
Net result€-5k-€-292k▼ 5,766%€68k€-130k€-105k▲ 18.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €120k in 2024 against €129k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.22M
Fixed assets
€860k ▼ 8.3%
Current assets
€1.36M ▼ 27.3%
Equity and liabilities €2.22M
Equity
€962k ▼ 9.9%
Debt
€1.26M ▼ 27.8%
Debt's share of the balance-sheet total falls from 62.0% to 56.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-24k▲
2023 · €-30k
Cash flow
€-10k▲
2023 · €-31k
Current ratio
1.08▲
2023 · 1.07
Quick ratio
1.08▲
2023 · 1.07
Debt to equity
1.31▼
2023 · 1.63
ROE
-10.9%▲
2023 · -12.2%
ROA
-4.7%▼
2023 · -4.6%
Interest coverage
-5.64▼
2023 · -0.29
Debt ≤ 1 year
€1.26M▼
2023 · €1.74M
Income taxes
€787▼
2023 · €966
Staff costs
€3.99M▼
2023 · €4.18M
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 · 2024 against 2023 · 58 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.81M€2.22M▼
Fixed assets21/28€938k€860k▼
Intangible fixed assets21€3k€807▼
Tangible fixed assets22/27€935k€859k▼
Plant, machinery and equipment23€175k€158k▼
Furniture and vehicles24€19k€29k▲
Other tangible fixed assets26€740k€672k▼
Financial fixed assets28€75€75=
Current assets29/58€1.87M€1.36M▼
Stocks and contracts in progress3€6k€8k▲
Stocks30/36€6k€8k▲
Amounts receivable within one year40/41€1.86M€1.33M▼
Trade receivables40€555k€700k▲
Other amounts receivable41€1.30M€629k▼
Cash at bank and in hand54/58€28€74▲
Deferred charges and accrued income490/1€8k€23k▲
Equity and liabilities
Total equity and liabilities10/49€2.81M€2.22M▼
Equity10/15€1.07M€962k▼
Contributions10/11€185k€185k=
Capital10€185k€185k=
Issued capital100€185k€185k=
Reserves13€190k€190k=
Non-distributable reserves130/1€19k€19k=
Legal reserve130€19k€19k=
Distributable reserves133€171k€171k=
Profit (loss) carried forward14€692k€587k▼
Amounts payable17/49€1.74M€1.26M▼
Amounts payable within one year42/48€1.74M€1.26M▼
Financial debts43€48k€208▼
Other loans439€48k€208▼
Trade debts44€791k€438k▼
Suppliers440/4€791k€438k▼
Taxes, remuneration and social security45€750k€672k▼
Taxes450/3€54k€45k▼
Remuneration and social security454/9€696k€627k▼
Other amounts payable47/48€154k€146k▼
Accrued charges and deferred income492/3-€3k
Income statement
Code20232024
Turnover70€4.67M€4.81M▲
Non-recurring operating income76A€10k€22k▲
Goods, raw materials, services and sundry goods60/61€1.78M€1.87M▲
Remuneration, social security and pensions62€4.18M€3.99M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€99k€96k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€-8k▼
Other operating charges640/8€39k€158k▲
Non-recurring operating charges66A€1k-
Gross operating margin9900€4.20M€4.11M▼
Operating profit (loss)9901€-129k€-120k▲
Financial income75/76B€104k€19k▼
Recurring financial income75€104k€19k▼
Financial charges65/66B€103k€4k▼
Recurring financial charges65€103k€4k▼
Profit (loss) for the period before taxes9903€-129k€-105k▲
Income taxes67/77€966€787▼
Profit (loss) for the period9904€-130k€-105k▲
Profit (loss) for the period to be appropriated9905€-130k€-105k▲
Appropriation of the result
Profit (loss) to be appropriated9906€692k€587k▼
Profit (loss) brought forward from the previous period14P€822k€692k▼
Social balance
Average headcount (FTE)908770.669.1▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-07
State Gazette act
General meeting · Merger
Share issue · Name change
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
16-05
State Gazette act
Merger · Accounting effect
Real estate · Merger exchange ratio
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €68k
Net result €68k after 2 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-292k
Net result drops to €-292k, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
21-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:HOME RÉSIDENCE DU PLATEAU