Financials
Financial year 2025
PROGRESSIM from Wortegem-Petegem, company number BE0476191905, closed financial year 2025 with a result of € 544,473 after tax. For that financial year PROGRESSIM recorded a gross margin of € 595,491 and equity of € 7.8 million. Compared with financial year 2024, the result moved from € 487,205 to € 544,473. 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 March 27, 2026.
€ 7.8 million
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 544,473
▲ 12% vs 2024
Profit after tax over the fiscal year.
€ 1.1 million
▲ 139% 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 € 6.3 million.
People and assets in 2025
€ 72,874
▼ 22% vs 2024
Of which on lease € 69,469.
Debts at end 2025
€ 72,010
▼ 18% vs 2024
€ 18,457 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 746,836
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 46,027
▲ 18% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 611,503 | € 607,765 | € 683,435 | € 595,491 | ▼ 13% |
| Profit after taxes | € 541,848 | € 447,199 | € 487,205 | € 544,473 | ▲ 12% |
| Equity | € 6,334,813 | € 6,782,012 | € 7,269,217 | € 7,813,690 | ▲ 7% |
| Total debts | € 876,692 | € 859,853 | € 828,941 | € 864,873 | ▲ 4% |
| Cash | € 699,280 | € 462,803 | € 443,670 | € 1,061,634 | ▲ 139% |
| Land & buildings | - | - | € 20,679 | € 18,413 | ▼ 11% |
| Retained profit | € 4,788,313 | € 5,235,512 | € 5,722,717 | € 6,267,190 | ▲ 10% |
| Dividend | € 243,418 | € 0 | € 0 | € 0 | |
| Bank debt | € 0 | € 0 | € 87,570 | € 72,010 | ▼ 18% |
| Balance sheet total | € 7,211,505 | € 7,641,865 | € 8,098,158 | € 8,678,563 | ▲ 7% |
Key figures of PROGRESSIM, 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 April 2027.
What happened to PROGRESSIM?
What happened at PROGRESSIM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Geert Verbrugge stepped down as director. NBB
- Hilde Gekiere stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 544,473 (▲ 12% vs 2024). Source: NBB ↗
- Geert Verbrugge became a director. NBB
- Hilde Gekiere became a director. NBB
- New establishment in Wortegem-Petegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 541,848 profit in 2022 to € 544,473 profit in 2025.
Paid € 931,148 in corporate taxes since 2022.
Best year ever: 2025, with € 544,473 profit.
Paid out € 243,418 in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
Geert Verbrugge
Managing director
since 2023 · until 2029
Hilde Gekiere
Director
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Oudenaardseweg (W.-M.) 85
9790 Wortegem-Petegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0476.191.905
- VAT number
- BE 0476.191.905
- Registered office
- Oudenaardseweg (W.-M.) 85, 9790 Wortegem-Petegem
- Names & denominations
- PROGRESSIM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 November 2001
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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