Financials
Financial year 2025
Progalys from Waregem, company number BE0405436343, closed financial year 2025 with a result of € 82,432 after tax. For that financial year Progalys recorded a gross margin of € 910,157 and equity of € 638,899. Compared with financial year 2024, the result moved from € 7,674 to € 82,432. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 27, 2026.
€ 638,899
▲ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 82,432
▲ € 74,759 vs 2024
Profit after tax over the fiscal year.
€ 205,391
▲ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 618,849.
People and assets in 2025
9.1
▲ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 539,555
▲ 12% vs 2024
€ 59,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 481,007
▼ 18% vs 2024
Of which on lease € 69,450.
Debts at end 2025
€ 578,768
▼ 24% vs 2024
€ 159,564 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 97,138
▼ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 65,515
▲ 21% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 565,633 | € 682,552 | € 716,754 | € 910,157 | ▲ 27% |
| Profit after taxes | € 18,846 | € 107,407 | € 7,674 | € 82,432 | ▲ € 74,759 |
| Equity | € 444,877 | € 552,463 | € 557,317 | € 638,899 | ▲ 15% |
| Total debts | € 835,800 | € 799,776 | € 1,018,475 | € 759,458 | ▼ 25% |
| Cash | € 157,582 | € 254,423 | € 201,848 | € 205,391 | ▲ 2% |
| Land & buildings | € 311,680 | € 377,370 | € 351,122 | € 326,933 | ▼ 7% |
| Retained profit | € 421,336 | € 528,743 | € 536,417 | € 618,849 | ▲ 15% |
| Bank debt | € 633,716 | € 578,573 | € 758,954 | € 578,768 | ▼ 24% |
| Balance sheet total | € 1,280,677 | € 1,352,240 | € 1,575,791 | € 1,398,358 | ▼ 11% |
| Employees (FTE) | 8.1 | 8.1 | 8.3 | 9.1 | ▲ 0.8 |
Key figures of Progalys, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to Progalys?
What happened at Progalys in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 82,432 (▲ € 74,759 vs 2024). Source: NBB ↗
- Jan Lammens became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Waregem. KBO
In short
From € 18,846 profit in 2022 to € 82,432 profit in 2025.
Paid € 50,622 in corporate taxes since 2022.
Best year ever: 2023, with € 107,407 profit.
On average € 100,000 of value added per employee in 2025.
Management
Behind Progalys is Jan Lammens.
Directors
According to the 2025 annual accounts
Jan Lammens
Director
since 2002
Establishments
Establishment units
Physical locations of this company
Gentseweg 493
8793 Waregem
Gentseweg 495
8793 Waregem
Active since 1 August 1965
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
AS-ZXCS, NL
Website info
Features
Security
Network
Details
- Company number
- 0405.436.343
- VAT number
- BE 0405.436.343
- Registered office
- Gentseweg 493, 8793 Waregem
- Names & denominations
- Progalys
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- progalys.be
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