Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 48 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PROGRESSO from Mol, company number BE0478518420, closed financial year 2025 with a result of € 321,853 after tax. For that financial year PROGRESSO recorded a gross margin of € 244,213 and equity of € 466,483. Compared with financial year 2024, the result moved from € 30,971 to € 321,853. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 466,483
▲ 223% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 321,853
▲ € 290,882 vs 2024
Profit after tax over the fiscal year.
€ 45,869
▼ 14% 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 € 441,691.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 12,376
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.8 million
▼ 36% vs 2024
€ 321,543 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 13,258
Supplier invoices still open on the last day of the fiscal year.
€ 46,787
▲ 74% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 104,810 | € 198,469 | € 151,473 | € 244,213 | ▲ 61% |
| Profit after taxes | € -6,525 | € 82,905 | € 30,971 | € 321,853 | ▲ € 290,882 |
| Equity | € 531,670 | € 113,658 | € 144,629 | € 466,483 | ▲ 223% |
| Total debts | € 1,005,480 | € 1,355,703 | € 2,820,957 | € 2,515,609 | ▼ 11% |
| Cash | € 18,347 | € 81,811 | € 53,073 | € 45,869 | ▼ 14% |
| Land & buildings | € 1,083,153 | € 962,364 | € 928,346 | € 894,329 | ▼ 4% |
| Retained profit | € 506,878 | € 88,866 | € 119,837 | € 441,691 | ▲ 269% |
| Dividend | € 0 | € 500,917 | € 0 | € 0 | |
| Bank debt | € 976,016 | € 886,325 | € 2,734,793 | € 1,755,731 | ▼ 36% |
| Balance sheet total | € 1,633,189 | € 1,562,000 | € 3,054,825 | € 3,067,930 |
Key figures of PROGRESSO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to PROGRESSO?
What happened at PROGRESSO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 321,853 (▲ € 290,882 vs 2024). Source: NBB ↗
- Gert Michiels became a director. NBB
- New establishment in Mol. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,525 loss in 2022 to € 321,853 profit in 2025.
Paid € 73,306 in corporate taxes since 2022.
Best year ever: 2025, with € 321,853 profit.
Paid out € 500,917 in dividends to the owners in total.
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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
Behind PROGRESSO is Gert Michiels. It owns 50% of Paulussen-Michiels bv itself.
Directors
According to the 2025 annual accounts
Gert Michiels
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Stokt 20
2400 Mol
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0478.518.420
- VAT number
- BE 0478.518.420
- Registered office
- Stokt 20, 2400 Mol
- Names & denominations
- PROGRESSO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 October 2002
- Peppol
- Active · Active since 2 Dec 2025
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Diverse administratieve activiteiten ten behoeve van kantoren