What does Progress do?

Progress is a construction company in Turnhout. Private Limited, started on 5 October 2010, 1 establishment.

What is the address of Progress?

The registered office of Progress is located at Molenbergstraat 44, 2300 Turnhout.

Is Progress still active?

Yes. According to the CBE (31 October 2026) Progress is active, legal situation “Normale toestand”, started on 5 October 2010.

Is Progress registered on Peppol?

Yes, Progress is registered on the Peppol network with ID 0208:0829949717.

What is the enterprise number of Progress?

The enterprise number of Progress is BE0829949717.

When was Progress founded?

Progress was founded on 5 October 2010.

Who are the directors of Progress?

According to the 2024 annual accounts, the directors of Progress are: Marat MEDOV, Liliya MEDOVA.

Is Progress a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 5 October 2010; 4 annual accounts filed, latest fiscal year 2024; 2 directors known from the annual account.

How much profit did Progress make in 2024?

Progress recorded a loss after taxes of € 158,136 in financial year 2024.

What is the revenue of Progress?

As a small company, Progress is not required to publish revenue in its annual accounts. In financial year 2024, its added value was € 89,491.

How much does an employee at Progress earn?

The average wage cost per full-time employee at Progress was € 50,700 in 2024: staff costs of € 177,388 for 3.5 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Progress have?

According to the 2024 annual accounts, Progress has 3.5 full-time equivalents (FTE).

Progress (Private Limited) - Turnhout - BE0829949717

Dossier Progress, printed on 1 November 2026 from databakkes.be/en/0829949717/progress. 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.

Two loss years in a row NBB

Negative result in 2023 and 2024.
Tight liquidity NBB

Cash and receivables cover 30 % of short-term debt in 2024; threshold 65 %.

Financials

Financial year 2024

Progress from Turnhout, company number BE0829949717, closed financial year 2024 with a result of € -158,136 after tax. For that financial year Progress recorded a gross margin of € 89,491 and equity of € 55,359. Compared with financial year 2023, the result moved from € -5,355 to € -158,136. The company made a loss. The buffer shrank hard: equity is 74 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2025.

What it is worth Shrank hard

€ 55,359

▼ 74% vs 2023

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

Loss Caution

€ -158,136

▼ 2853 % more loss than in 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 8,361

▼ 70% vs 2023

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 € 42,959.

People and assets in 2024

Full-time equivalents

3.5

▲ 1.3 vs 2023

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 177,388

▲ 56% vs 2023

€ 50,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 188

▼ 94% vs 2023

Book value of vehicles, furniture and equipment.

Debts at end 2024

Bank debt ≈ 4 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.

€ 398,789

▼ 23% vs 2023

€ 12,387 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.

Owed to suppliers

€ 192,044

▲ 62% vs 2023

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

Wages and social charges

€ 20,380

▲ 16% vs 2023

Wages, holiday pay and social contributions still to pay. No outstanding taxes.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	2024	Change 2023 → 2024
Gross margin	€ 71,487 Gross margin 2021: € 71,487 First fiscal year in the series	€ 91,836 Gross margin 2022: € 91,836 ▲ 28% vs 2021 (€ 71,487) Favourable step	€ 160,674 Gross margin 2023: € 160,674 ▲ 75% vs 2022 (€ 91,836) Favourable step	€ 89,491 Gross margin 2024: € 89,491 ▼ 44% vs 2023 (€ 160,674) Unfavourable step	▼ 44%
Profit after taxes	€ 39,087 Profit after taxes 2021: € 39,087 First fiscal year in the series	€ 15,408 Profit after taxes 2022: € 15,408 ▼ 61% vs 2021 (€ 39,087) Unfavourable step	€ -5,355 Profit after taxes 2023: € -5,355 ▼ € 20,763 vs 2022 (€ 15,408) Unfavourable step	€ -158,136 Profit after taxes 2024: € -158,136 ▼ € 152,780 vs 2023 (€ -5,355) Unfavourable step	▼ € 152,780
Equity	€ 261,075 Equity 2021: € 261,075 First fiscal year in the series	€ 218,850 Equity 2022: € 218,850 ▼ 16% vs 2021 (€ 261,075) Unfavourable step	€ 213,495 Equity 2023: € 213,495 ▼ 2% vs 2022 (€ 218,850) Unfavourable step	€ 55,359 Equity 2024: € 55,359 ▼ 74% vs 2023 (€ 213,495) Unfavourable step	▼ 74%
Total debts	€ 129,898 Total debts 2021: € 129,898 First fiscal year in the series	€ 556,845 Total debts 2022: € 556,845 ▲ € 426,947 vs 2021 (€ 129,898) Unfavourable step	€ 680,942 Total debts 2023: € 680,942 ▲ 22% vs 2022 (€ 556,845) Unfavourable step	€ 617,713 Total debts 2024: € 617,713 ▼ 9% vs 2023 (€ 680,942) Favourable step	▼ 9%
Cash	€ 111,840 Cash 2021: € 111,840 First fiscal year in the series	€ 4,481 Cash 2022: € 4,481 ▼ 96% vs 2021 (€ 111,840) Unfavourable step	€ 27,854 Cash 2023: € 27,854 ▲ € 23,373 vs 2022 (€ 4,481) Favourable step	€ 8,361 Cash 2024: € 8,361 ▼ 70% vs 2023 (€ 27,854) Unfavourable step	▼ 70%
Retained profit	€ 248,675 Retained profit 2021: € 248,675 First fiscal year in the series	€ 206,450 Retained profit 2022: € 206,450 ▼ 17% vs 2021 (€ 248,675) Unfavourable step	€ 201,095 Retained profit 2023: € 201,095 ▼ 3% vs 2022 (€ 206,450) Unfavourable step	€ 42,959 Retained profit 2024: € 42,959 ▼ 79% vs 2023 (€ 201,095) Unfavourable step	▼ 79%
Dividend	€ 0 Dividend 2021: € 0 First fiscal year in the series	€ 57,633 Dividend 2022: € 57,633 Unchanged (€ 0) Unchanged	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 57,633) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 18,761 Bank debt 2021: € 18,761 First fiscal year in the series	€ 319,103 Bank debt 2022: € 319,103 ▲ € 300,341 vs 2021 (€ 18,761) Unfavourable step	€ 518,970 Bank debt 2023: € 518,970 ▲ 63% vs 2022 (€ 319,103) Unfavourable step	€ 398,789 Bank debt 2024: € 398,789 ▼ 23% vs 2023 (€ 518,970) Favourable step	▼ 23%
Balance sheet total	€ 390,973 Balance sheet total 2021: € 390,973 First fiscal year in the series	€ 775,695 Balance sheet total 2022: € 775,695 ▲ 98% vs 2021 (€ 390,973) Unchanged	€ 894,437 Balance sheet total 2023: € 894,437 ▲ 15% vs 2022 (€ 775,695) Unchanged	€ 673,072 Balance sheet total 2024: € 673,072 ▼ 25% vs 2023 (€ 894,437) Unchanged	▼ 25%
Employees (FTE)	-	0.3 Employees (FTE) 2022: 0.3 First fiscal year in the series	2.2 Employees (FTE) 2023: 2.2 ▲ 1.9 vs 2022 (0.3) Unchanged	3.5 Employees (FTE) 2024: 3.5 ▲ 1.3 vs 2023 (2.2) Unchanged	▲ 1.3

Key figures of Progress, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.

What happened to Progress?

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

Aug 27, 2025 New annual accounts for financial year 2024: loss of € 158,136. filed late Source: NBB ↗
2019 Liliya MEDOVA became a director. NBB
Oct 5, 2010 New establishment in Turnhout. KBO
2010 Marat MEDOV became a director. NBB
Oct 5, 2010 Start of the company according to the CBE. KBO

In short

From € 39,087 profit in 2021 to € 158,136 loss in 2024.

Paid € 24,790 in corporate taxes since 2021.

Best year ever: 2021, with € 39,087 profit.

On average € 25,600 of value added per employee in 2024.

Original PDFs at the National Bank ↗

Management

Marat MEDOV Liliya MEDOVA

Progress

Behind Progress are Marat MEDOV and Liliya MEDOVA.

Directors

According to the 2024 annual accounts

Marat MEDOV

Director

since 2010

Liliya MEDOVA

Director

since 2019

Establishments

Establishment units

Physical locations of this company

Registered office

Molenbergstraat 44

2300 Turnhout

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

Details

Company number

0829.949.717

VAT number

BE 0829.949.717

Registered office

Molenbergstraat 44, 2300 Turnhout

Names & denominations

Progress

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

5 October 2010

Peppol

Active · Active since 31 Jul 2025

Activities · NACE

Algemene bouw van residentiële gebouwen

Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

Overige posterijen en koeriers

Handel in eigen onroerend goed

View on CBE Public ↗ Annual accounts (NBB) ↗

Progress

Warning lights

Financials

What happened to Progress?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions