Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
57 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Progress Software from Brussel, company number BE0430456603, closed financial year 2025 with a result of € 169,924 after tax. For that financial year Progress Software recorded revenue of € 7.7 million and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 337,989 to € 169,924. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 8, 2026.
€ 1.1 million
▲ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 169,924
▼ 50% vs 2024
Profit after tax over the fiscal year.
€ 821,615
▼ 69% 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 € 998,433.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 630,605
▲ 3% vs 2024
€ 315,300 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.2 million
▲ € 1.2 million vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 287,489
▼ 14% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 7,440,821 | € 7,654,276 | € 7,890,342 | € 7,706,604 | ▼ 2% |
| Gross margin | € 632,724 | € 963,900 | € 944,457 | € 795,909 | ▼ 16% |
| Profit after taxes | € 61,984 | € 284,635 | € 337,989 | € 169,924 | ▼ 50% |
| Equity | € 3,467,858 | € 3,752,493 | € 890,482 | € 1,060,406 | ▲ 19% |
| Total debts | € 3,508,929 | € 3,270,794 | € 6,470,100 | € 4,466,611 | ▼ 31% |
| Cash | € 1,643,900 | € 1,998,582 | € 2,681,444 | € 821,615 | ▼ 69% |
| Retained profit | € 3,405,885 | € 3,690,520 | € 828,509 | € 998,433 | ▲ 21% |
| Dividend | € 0 | € 0 | € 3,200,000 | € 0 | ▼ 100% |
| Balance sheet total | € 6,976,787 | € 7,023,287 | € 7,360,582 | € 5,527,017 | ▼ 25% |
| Employees (FTE) | 2 | 2 | 2 | 2 |
Key figures of Progress Software, 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 June 2027.
What happened to Progress Software?
What happened at Progress Software in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Leendert Steendijk stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 169,924 (▼ 50% vs 2024). Source: NBB ↗
- Domenic Lococo stepped down as director. NBB
- Leendert Steendijk became a director. NBB
- Domenic Lococo became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 61,984 profit in 2022 to € 169,924 profit in 2025.
Paid € 304,885 in corporate taxes since 2022.
Best year ever: 2024, with € 337,989 profit.
On average € 398,000 of value added per employee in 2025.
A new publication or filing at Progress Software? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Progress Software BV (99%) and Progress Software International LLC (1%).
Directors
According to the 2025 annual accounts
Domenic Lococo
Director
since 2020 · until 2026
Leendert Steendijk
Director
since 2024 · until 2030
Shareholders
Progress Software BV
99%
Progress Software International LLC
1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Marnixlaan 23
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 57 companies are registered at this address.
All companies at this address →TELEFLEX MEDICAL
€ 18.7 million revenue · 2025
CUSHMAN & WAKEFIELD WINSSINGER TIE LEUNG
€ 218,925 revenue · 2024
Paardekooper België
Sunparks Oostduinkerke
€ 3.9 million revenue · 2025
CUSHMAN & WAKEFIELD BELGIUM
€ 14.4 million revenue · 2024
+52 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0430.456.603
- VAT number
- BE 0430.456.603
- Registered office
- Marnixlaan 23, 1000 Brussel
- Names & denominations
- Progress Software
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 February 1987
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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