ACTIVE

PROGRESSIM

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Financial year 2025 · closed on 30/09/2025
Net result
544,5 k €
+11.8% YoY
Gross margin
595,5 k €
-12.9% YoY
Equity
7,8 M €
+7.5% YoY

What does PROGRESSIM do?

PROGRESSIM is a Public limited company incorporated in 2001. Its main activity is: Agents involved in the sale of a variety of goods. Its registered office is in Wortegem-Petegem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0476.191.905
Incorporation
28/11/2001
Legal form
Public limited company
Registered office
Oudenaardseweg (W.-M.) 85
9790 Wortegem-Petegem · FlandreSee on map
Contributed capital
1 546 500,00 €
Latest accounts
30/09/2025
Activities (NACE)
46190Agents involved in the sale of a variety of goods· main46190Agents involved in the sale of a variety of goods51190Passenger air transport
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120112010200920082007
Income statement
Gross margin595,5 k €683,4 k €607,8 k €611,5 k €647,2 k €465,7 k €445,9 k €375,3 k €299,0 k €254,9 k €
EBITDA582,4 k €677,8 k €600,6 k €605,9 k €642,9 k €457,6 k €440,8 k €369,8 k €294,9 k €250,2 k €
Operating result561,6 k €661,7 k €591,1 k €591,6 k €637,1 k €442,8 k €426,2 k €366,8 k €276,9 k €234,1 k €
Net result544,5 k €487,2 k €447,2 k €541,8 k €496,4 k €319,0 k €303,4 k €268,4 k €203,4 k €165,3 k €
Balance sheet
Equity7,8 M €7,3 M €6,8 M €6,3 M €6,0 M €1,6 M €1,3 M €1,0 M €774,1 k €570,7 k €
Total assets8,7 M €8,1 M €7,6 M €7,2 M €6,7 M €2,0 M €1,7 M €1,3 M €1,1 M €786,2 k €
Cash1,1 M €443,7 k €462,8 k €699,3 k €449,9 k €189,6 k €25,6 k €19,9 k €13,9 k €2,0 k €
Debts864,9 k €828,2 k €856,0 k €872,5 k €639,5 k €451,8 k €407,7 k €255,3 k €367,9 k €215,5 k €
Other
Workforce–0,0 ETP––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 11 ended

Active mandates

Geert Verbrugge

Managing director · since 03 novembre 2023 · until 17 mars 2029

Active
Hilde Gekiere

Director · since 03 novembre 2023 · until 17 mars 2029

Active

Ended mandates

Geert Verbrugge

Gedelegeerd bestuurder · since 16 mars 2019 · until 15 mars 2025

Ended
Geert Verbrugge

Managing director · since 16 mars 2019 · until 15 mars 2025

Ended
Hilde Gekiere

Bestuurder · since 16 mars 2019 · until 15 mars 2025

Ended
Hilde Gekiere

Director · since 16 mars 2019 · until 15 mars 2025

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/03/202615/04/202502/04/202414/04/202322/04/202223/04/2021
General meeting21/03/202615/03/202516/03/202418/03/202319/03/202220/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202521/03/202627/03/2026DutchPDF
Abridged model30/09/202415/03/202515/04/2025DutchPDF
Abridged model30/09/202316/03/202402/04/2024DutchPDF
Abridged model30/09/202218/03/202314/04/2023DutchPDF
Abridged model30/09/202119/03/202222/04/2022DutchPDF
Abridged model30/09/202020/03/202123/04/2021DutchPDF
Abridged model30/09/201921/03/202022/04/2020DutchPDF
Abridged model30/09/201816/03/201926/04/2019DutchPDF
Abridged model30/09/201717/03/201811/04/2018DutchPDF
Abridged model30/09/201618/03/201703/04/2017DutchPDF
Abridged model30/09/201519/03/201624/03/2016DutchPDF
Abridged model30/09/201421/03/201530/03/2015DutchPDF
Abridged model30/09/201315/03/201429/04/2014DutchPDF
Abridged model30/09/201216/03/201329/04/2013DutchPDF
Abridged model30/09/201117/03/201224/04/2012DutchPDF
Abridged model30/09/201019/03/201128/04/2011DutchPDF
Abridged model30/09/200920/03/201031/03/2010DutchPDF
Abridged model30/09/200821/03/200902/04/2009DutchPDF
Abridged model30/09/200715/03/200804/04/2008DutchPDF
Abridged model30/09/200617/03/200726/03/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 11 ended

Active mandates

Geert Verbrugge

Managing director · since 03 novembre 2023 · until 17 mars 2029

Active
Hilde Gekiere

Director · since 03 novembre 2023 · until 17 mars 2029

Active

Ended mandates

Geert Verbrugge

Gedelegeerd bestuurder · since 16 mars 2019 · until 15 mars 2025

Ended
Geert Verbrugge

Managing director · since 16 mars 2019 · until 15 mars 2025

Ended
Hilde Gekiere

Bestuurder · since 16 mars 2019 · until 15 mars 2025

Ended
Hilde Gekiere

Director · since 16 mars 2019 · until 15 mars 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates13/11/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/05/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares18/07/2014
    KAPITAAL - AANDELEN
    PDF
  • Mandates26/06/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other06/01/2012
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates23/04/2007
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office21/03/2005
    MAATSCHAPPELIJKE ZETEL
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025544,5 k €↑
  2. 2024
    Annual accounts 2024487,2 k €↑
  3. 2023
    Annual accounts 2023447,2 k €↓
  4. 2022
    Annual accounts 2022541,8 k €↑
  5. 2021
    Annual accounts 2021496,4 k €↑
  6. 2011
    Annual accounts 2011319,0 k €↑
  7. 2010
    Annual accounts 2010303,4 k €↑
  8. 2009
    Annual accounts 2009268,4 k €↑
  9. 2008
    Annual accounts 2008203,4 k €↑
  10. 2007
    Annual accounts 2007165,3 k €
  11. 28/11/2001
    IncorporationPublic limited company