What does PROGERCO do?

PROGERCO is registered with the CBE as active in: Handel in eigen onroerend goed. Public Limited, started on 6 January 2003, 1 establishment.

What is the address of PROGERCO?

The registered office of PROGERCO is located at Rue du Centre 38, 4470 Saint-Georges-sur-Meuse.

Is PROGERCO still active?

Yes. According to the CBE (29 October 2026) PROGERCO is active, legal situation “Normale toestand”, started on 6 January 2003.

Is PROGERCO registered on Peppol?

Yes, PROGERCO is registered on the Peppol network with ID 0208:0479241069.

What is the enterprise number of PROGERCO?

The enterprise number of PROGERCO is BE0479241069.

When was PROGERCO founded?

PROGERCO was founded on 6 January 2003.

Who are the directors of PROGERCO?

According to the 2025 annual accounts, the directors of PROGERCO are: JOEL RIXHON , AXEL BOURGEOIS.

Is PROGERCO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 6 January 2003; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did PROGERCO make in 2025?

PROGERCO recorded a loss after taxes of € 214,993 in financial year 2025.

What is the revenue of PROGERCO?

As a small company, PROGERCO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -66,810.

PROGERCO (Public Limited) - Saint-Georges-sur-Meuse

Dossier PROGERCO, printed on 29 October 2026 from databakkes.be/en/0479241069/progerco. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Negative equity NBB

More debt than assets in 1 of the last 4 fiscal years.
Tight liquidity NBB

Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

PROGERCO from Saint-Georges-sur-Meuse, company number BE0479241069, closed financial year 2025 with a result of € -214,993 after tax. For that financial year PROGERCO recorded a gross margin of € -66,810 and equity of € -39,178. Compared with financial year 2024, the result moved from € 20,596 to € -214,993. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 16, 2026.

What it is worth Caution

€ -39,178

▼ € 214,993 vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -214,993

▼ still € 20,596 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1,741

▼ 96% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -323,178.

People and assets in 2025

Vehicles and equipment

€ 4,806

▼ 35% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 9 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 482,849

▼ 78% vs 2024

€ 48,660 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.

Owed to suppliers

€ 42,409

▼ 84% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 12,075

▼ 77% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 59,391 Gross margin 2022: € 59,391 First fiscal year in the series	€ 66,351 Gross margin 2023: € 66,351 ▲ 12% vs 2022 (€ 59,391) Favourable step	€ 188,833 Gross margin 2024: € 188,833 ▲ 185% vs 2023 (€ 66,351) Favourable step	€ -66,810 Gross margin 2025: € -66,810 ▼ € 255,642 vs 2024 (€ 188,833) Unfavourable step	▼ € 255,642
Profit after taxes	€ -47,828 Profit after taxes 2022: € -47,828 First fiscal year in the series	€ -23,116 Profit after taxes 2023: € -23,116 ▲ € 24,712 vs 2022 (€ -47,828) Favourable step	€ 20,596 Profit after taxes 2024: € 20,596 ▲ € 43,713 vs 2023 (€ -23,116) Favourable step	€ -214,993 Profit after taxes 2025: € -214,993 ▼ € 235,589 vs 2024 (€ 20,596) Unfavourable step	▼ € 235,589
Equity	€ 178,335 Equity 2022: € 178,335 First fiscal year in the series	€ 155,219 Equity 2023: € 155,219 ▼ 13% vs 2022 (€ 178,335) Unfavourable step	€ 175,815 Equity 2024: € 175,815 ▲ 13% vs 2023 (€ 155,219) Favourable step	€ -39,178 Equity 2025: € -39,178 ▼ € 214,993 vs 2024 (€ 175,815) Unfavourable step	▼ € 214,993
Total debts	€ 1,747,906 Total debts 2022: € 1,747,906 First fiscal year in the series	€ 2,429,832 Total debts 2023: € 2,429,832 ▲ 39% vs 2022 (€ 1,747,906) Unfavourable step	€ 3,343,110 Total debts 2024: € 3,343,110 ▲ 38% vs 2023 (€ 2,429,832) Unfavourable step	€ 1,234,817 Total debts 2025: € 1,234,817 ▼ 63% vs 2024 (€ 3,343,110) Favourable step	▼ 63%
Cash	€ 16,197 Cash 2022: € 16,197 First fiscal year in the series	€ 37,455 Cash 2023: € 37,455 ▲ 131% vs 2022 (€ 16,197) Favourable step	€ 39,324 Cash 2024: € 39,324 ▲ 5% vs 2023 (€ 37,455) Favourable step	€ 1,741 Cash 2025: € 1,741 ▼ 96% vs 2024 (€ 39,324) Unfavourable step	▼ 96%
Retained profit	€ -105,665 Retained profit 2022: € -105,665 First fiscal year in the series	€ -128,781 Retained profit 2023: € -128,781 ▼ € 23,116 vs 2022 (€ -105,665) Unfavourable step	€ -108,185 Retained profit 2024: € -108,185 ▲ € 20,596 vs 2023 (€ -128,781) Favourable step	€ -323,178 Retained profit 2025: € -323,178 ▼ € 214,993 vs 2024 (€ -108,185) Unfavourable step	▼ € 214,993
Bank debt	€ 1,007,211 Bank debt 2022: € 1,007,211 First fiscal year in the series	€ 1,826,683 Bank debt 2023: € 1,826,683 ▲ 81% vs 2022 (€ 1,007,211) Unfavourable step	€ 2,208,760 Bank debt 2024: € 2,208,760 ▲ 21% vs 2023 (€ 1,826,683) Unfavourable step	€ 482,849 Bank debt 2025: € 482,849 ▼ 78% vs 2024 (€ 2,208,760) Favourable step	▼ 78%
Balance sheet total	€ 1,926,241 Balance sheet total 2022: € 1,926,241 First fiscal year in the series	€ 2,585,051 Balance sheet total 2023: € 2,585,051 ▲ 34% vs 2022 (€ 1,926,241) Unchanged	€ 3,518,925 Balance sheet total 2024: € 3,518,925 ▲ 36% vs 2023 (€ 2,585,051) Unchanged	€ 1,195,639 Balance sheet total 2025: € 1,195,639 ▼ 66% vs 2024 (€ 3,518,925) Unchanged	▼ 66%

Key figures of PROGERCO, 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 PROGERCO?

What happened at PROGERCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2027 JOEL RIXHON stepped down as director. NBB
2027 AXEL BOURGEOIS stepped down as director. NBB
Sep 16, 2026 New annual accounts for financial year 2025: loss of € 214,993 (▼ € 235,589 vs 2024). filed late Source: NBB ↗
2021 JOEL RIXHON became a director. NBB
2021 AXEL BOURGEOIS became a director. NBB
Jan 15, 2003 New establishment in Saint-Georges-sur-Meuse. KBO
Jan 6, 2003 Start of the company according to the CBE. KBO

In short

From € 47,828 loss in 2022 to € 214,993 loss in 2025.

Paid € 0 in corporate taxes since 2022.

Best year ever: 2024, with € 20,596 profit.

Original PDFs at the National Bank ↗

Management

BOURGEOIS Axel & Fils 17.4%

The stake of BOURGEOIS Axel & Fils comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

PROGERCO

The shares are held by BOURGEOIS Axel & Fils (17.4%).

Directors

According to the 2025 annual accounts

JOEL RIXHON

Managing director

since 2021 · until 2027

AXEL BOURGEOIS

Managing director

Also active at: BOURGEOIS Axel & Fils

since 2021 · until 2027

Shareholders

BOURGEOIS Axel & Fils

17.4%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Rue du Centre 38

4470 Saint-Georges-sur-Meuse

2.115.649.677

Rue du Centre 38 box B

4470 Saint-Georges-sur-Meuse

Active since 15 January 2003

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

BOURGEOIS Axel & Fils same network

€ 41,246 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0479.241.069

VAT number

BE 0479.241.069

Registered office

Rue du Centre 38, 4470 Saint-Georges-sur-Meuse

Names & denominations

PROGERCO

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

6 January 2003

Peppol

Active · Active since 30 Oct 2025

Activities · NACE

Handel in eigen onroerend goed

Handel in onroerend goed

View on CBE Public ↗ Annual accounts (NBB) ↗

PROGERCO

Warning lights

Financials

What happened to PROGERCO?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions