ACTIVE

PROGRESS BELGIUM

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Financial year 2025 · closed on 31/12/2025
Net result
1,7 k €
-89.5% YoY
Gross margin
-12,9 k €
-112.9% YoY
Equity
151,1 k €
+1.1% YoY

What does PROGRESS BELGIUM do?

PROGRESS BELGIUM is a Private limited company incorporated in 2013. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Ixelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0502.661.720
Incorporation
22/01/2013
Legal form
Private limited company
Registered office
Chaussée d'Ixelles 204
1050 Ixelles · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
46649Wholesale of machinery for the textile industry and of sewing and knitting machines· main46699Wholesale of other machinery and equipment
Joint committees (1)
  • 218
Contacts
2 public details availableLog in to view
Signals
ProfitablePositive cashflow
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220202019201820172016201520142013
Income statement
Gross margin-12,9 k €100 k €170,8 k €73,6 k €-67,3 k €132,5 k €140,7 k €31,8 k €144,7 k €298,5 k €453,7 k €120,5 k €
EBITDA-19,2 k €60 k €145 k €56,6 k €-138,7 k €14,1 k €24,8 k €-82,1 k €40,7 k €-1,5 k €29,8 k €23,3 k €
Operating result-19,2 k €60 k €145 k €56,6 k €-138,7 k €13,4 k €24,8 k €-82,1 k €18,5 k €-1,5 k €7,5 k €1 k €
Net result1,7 k €16 k €45,1 k €99,7 k €-138,9 k €6,8 k €18 k €-93,9 k €18,2 k €-1,9 k €7,2 k €-4,3 k €
Balance sheet
Equity151,1 k €149,4 k €133,4 k €88,3 k €-170,6 k €-31,7 k €-38,1 k €-56,1 k €37,7 k €7,1 k €9 k €1,9 k €
Total assets1,1 M €1,1 M €599,5 k €571,2 k €249,8 k €286,2 k €236,2 k €204,1 k €249,3 k €225,1 k €184,9 k €155,2 k €
Cash290,9 k €6,2 k €10,1 k €6 k €4,2 k €10,9 k €17,2 k €77,3 k €1,5 k €900,4 €15,1 k €63,2 k €
Debts906,1 k €937,8 k €466,1 k €482,9 k €420,4 k €317,9 k €274,2 k €260,2 k €211,6 k €218 k €175,9 k €153,3 k €
Other
Workforce–––––––––5,0 ETP3,0 ETP4,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Sergey LARKIN

Manager

Active

Ended mandates

Vitalijs LESCENKO

Manager

Ended
Yury TRUSOV

Manager

Ended
At this address

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Annual accounts

Full financial information

202520242023202220202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202001/01/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date09/09/202605/05/202528/08/202429/05/202323/06/202126/06/2020
General meeting19/06/202625/04/202525/05/202425/05/202324/05/202129/05/2020
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

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202519/06/202609/09/2026FrenchPDF
Abridged model31/12/202425/04/202505/05/2025FrenchPDF
Abridged model31/12/202325/05/202428/08/2024FrenchPDF
Abridged model31/12/202225/05/202329/05/2023FrenchPDF
Micro model31/12/202024/05/202123/06/2021FrenchPDF
Micro model31/12/201929/05/202026/06/2020FrenchPDF
Micro model31/12/201825/05/201923/09/2019FrenchPDF
Micro model31/12/201726/05/201827/09/2018FrenchPDF
Micro model31/12/201626/05/201726/09/2017FrenchPDF
Abridged model31/12/201530/06/201630/09/2016FrenchPDF
Abridged model31/12/201429/05/201505/10/2015FrenchPDF
Abridged model31/12/201330/05/201404/07/2014FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 31/12/2025 · 1 active · 2 ended

Active mandates

Sergey LARKIN

Manager

Active

Ended mandates

Vitalijs LESCENKO

Manager

Ended
Yury TRUSOV

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates09/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates01/07/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office14/02/2020
    SIEGE SOCIAL
    PDF
  • Mandates05/06/2019
    MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates15/05/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/07/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/05/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/02/2014
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    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 20251,7 k €↓
  2. 2024
    Annual accounts 202416 k €↓
  3. 2023
    Annual accounts 202345,1 k €↓
  4. 2022
    Annual accounts 202299,7 k €↑
  5. 2020
    Annual accounts 2020-138,9 k €↓
  6. 2019
    Annual accounts 20196,8 k €↓
  7. 2018
    Annual accounts 201818 k €↑
  8. 2017
    Annual accounts 2017-93,9 k €↓
  9. 2016
    Annual accounts 201618,2 k €↑
  10. 2015
    Annual accounts 2015-1,9 k €↓
  11. 2014
    Annual accounts 20147,2 k €↑
  12. 2013
    Annual accounts 2013-4,3 k €
  13. 22/01/2013
    IncorporationPrivate limited company