Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Busy address KBO
28 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PROGRESS BELGIUM from Elsene, company number BE0502661720, closed financial year 2025 with a result of € 1,681 after tax. For that financial year PROGRESS BELGIUM recorded a gross margin of € -12,887 and equity of € 151,070. Compared with financial year 2024, the result moved from € 15,990 to € 1,681. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 9, 2026.
€ 151,070
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,681
▼ 89% vs 2024
Profit after tax over the fiscal year.
€ 290,878
▲ € 284,681 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 € 132,470.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 73,558 | € 170,850 | € 99,967 | € -12,887 | ▼ € 112,854 |
| Profit after taxes | € 99,722 | € 45,092 | € 15,990 | € 1,681 | ▼ 89% |
| Equity | € 88,307 | € 133,399 | € 149,389 | € 151,070 | ▲ 1% |
| Total debts | € 482,881 | € 466,068 | € 937,799 | € 906,144 | ▼ 3% |
| Cash | € 5,952 | € 10,050 | € 6,198 | € 290,878 | ▲ € 284,681 |
| Retained profit | € 69,707 | € 114,799 | € 130,789 | € 132,470 | ▲ 1% |
| Balance sheet total | € 571,188 | € 599,467 | € 1,087,188 | € 1,057,214 | ▼ 3% |
Key figures of PROGRESS BELGIUM, 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 PROGRESS BELGIUM?
What happened at PROGRESS BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1,681 (▼ 89% vs 2024). filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Elsene. KBO
In short
From € 99,722 profit in 2022 to € 1,681 profit in 2025.
Paid € 53,525 in corporate taxes since 2022.
Best year ever: 2022, with € 99,722 profit.
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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 PROGRESS BELGIUM is SERGEY LARKIN.
Directors
According to the 2025 annual accounts
SERGEY LARKIN
Manager
Establishments
Establishment units
Physical locations of this company
Elsense Steenweg 204
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 28 companies are registered at this address.
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€ -40,600 gross margin · 2024
BELGIAN RALLY DRIVERS
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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
Self-hosted
Hosting
IE-TILDAPUBLISHING-1, IE
Website info
Features
Security
Details
- Company number
- 0502.661.720
- VAT number
- BE 0502.661.720
- Registered office
- Elsense Steenweg 204, 1050 Elsene
- Names & denominations
- PROGRESS BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 January 2013
- Peppol
- Active · Active since 8 Dec 2025
- Contact
- progress-belgium.be [email protected]
- Activities · NACE
Groothandel in andere machines en werktuigen, neg
Groothandel in andere machines en werktuigen, n.e.g.