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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Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PROGRESS COMPANY from Schilde, company number BE0672663821, closed financial year 2025 with a result of € 43,068 after tax. For that financial year PROGRESS COMPANY recorded a gross margin of € 80,306 and equity of € 145,527. Compared with financial year 2024, the result moved from € 33,281 to € 43,068. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 31, 2026.
€ 145,527
▼ 44% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 43,068
▲ 29% vs 2024
Profit after tax over the fiscal year.
€ 30,048
▼ 20% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 155,953 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 30,693
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 179,242
▼ 19% vs 2024
€ 46,369 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 1,883
▲ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 27,414
▲ € 23,609 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 | € 83,238 | € 84,370 | € 71,345 | € 80,306 | ▲ 13% |
| Profit after taxes | € 49,809 | € 43,769 | € 33,281 | € 43,068 | ▲ 29% |
| Equity | € 229,602 | € 223,371 | € 258,412 | € 145,527 | ▼ 44% |
| Total debts | € 142,081 | € 355,154 | € 229,048 | € 330,747 | ▲ 44% |
| Cash | € 59,777 | € 140,990 | € 37,347 | € 30,048 | ▼ 20% |
| Land & buildings | € 14,310 | € 13,969 | € 13,628 | € 13,287 | ▼ 3% |
| Retained profit | € 217,202 | € 210,971 | € 239,812 | € 126,927 | ▼ 47% |
| Dividend | € 0 | € 50,000 | € 4,441 | € 155,953 | ▲ € 151,512 |
| Bank debt | € 0 | € 261,500 | € 221,155 | € 179,242 | ▼ 19% |
| Balance sheet total | € 371,683 | € 578,525 | € 487,460 | € 476,274 | ▼ 2% |
Key figures of PROGRESS COMPANY, 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 COMPANY?
What happened at PROGRESS COMPANY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 43,068 (▲ 29% vs 2024). Source: NBB ↗
- New establishment in Schilde. KBO
- Start of the company according to the CBE. KBO
In short
From € 49,809 profit in 2022 to € 43,068 profit in 2025.
Paid € 88,581 in corporate taxes since 2022.
Best year ever: 2022, with € 49,809 profit.
Paid out € 210,393 in dividends to the owners in total.
Management
Behind PROGRESS COMPANY is Jansen Bernard. It owns 50% of Volt Ventures and 20% of Tovar itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Boerendreef 23
2970 Schilde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0672.663.821
- VAT number
- BE 0672.663.821
- Registered office
- Boerendreef 23, 2970 Schilde
- Names & denominations
- PROGRESS COMPANY · PROGRESCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 March 2017
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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