NORMAL SITUATION

PROGRESSIVE

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Financial year 2025 · closed on 26/11/2025
Net result
75 k €
+16.1% YoY
Gross margin
107,3 k €
-69.1% YoY
Equity
261 k €
+40.3% YoY
Workforce
0,0 ETP
-100.0% YoY

Company — Normal situation.

What does PROGRESSIVE do?

PROGRESSIVE is a company registered in Belgium.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0544.722.207
Legal form
Private limited company
Contributed capital
12 400,00 €
Latest accounts
26/11/2025
Average workforce
0,0 ETP
Joint committees (3)
  • 1000
  • 2000
  • 218
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021202020192018201720162015
Income statement
Gross margin107,3 k €346,9 k €719,1 k €752,6 k €773,6 k €603,9 k €709,1 k €518,6 k €246,8 k €144 k €134,8 k €
EBITDA100,7 k €127,8 k €28,7 k €68,7 k €142,5 k €74,7 k €122,4 k €93,8 k €61,1 k €36,6 k €81,8 k €
Operating result100,7 k €105,9 k €2,4 k €35,7 k €112 k €45,2 k €93,4 k €21,7 k €53,5 k €25,6 k €62,2 k €
Net result75 k €64,6 k €-13,7 k €3,8 k €60,6 k €9,1 k €49,2 k €6,8 k €29,4 k €18 k €41,3 k €
Balance sheet
Equity261 k €186 k €121,5 k €216,7 k €212,8 k €152,2 k €143 k €93,9 k €87 k €57,7 k €39,7 k €
Total assets261 k €490,2 k €712 k €789,8 k €846,5 k €697,8 k €685,8 k €686,3 k €208 k €118,6 k €129,7 k €
Cash684 €84,8 k €124,9 k €212,3 k €193 k €54,8 k €93,3 k €62,4 k €73,2 k €47,7 k €29,8 k €
Debts0 €304,2 k €590,5 k €573,1 k €622,1 k €537,5 k €539 k €592,5 k €121 k €60,9 k €90 k €
Other
Workforce0,0 ETP3,3 ETP–10,4 ETP9,5 ETP8,2 ETP9,2 ETP–––1,2 ETP
Governance

Board of directors

Seen on filing of 26/11/2025 · 1 active · 13 ended

Active mandates

Arzo Consult

Director · 0756.992.849

Represented by Teun VANDERGHOTE

Active

Ended mandates

Arzo Consult

Director · since 01 janvier 2023 · 0756.992.849

Represented by Teun VANDERGHOTE

Ended
Arzo Consult

Director · since 01 janvier 2023 · 0756.992.849

Represented by Vanderghote TEUN

Ended
Ruben Gekiere

Mandate · since 01 janvier 2015

Ended
Ruben Gekiere

Manager · since 01 janvier 2015

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelMicro modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year26/11/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year11 months12 months12 months12 months12 months12 months
Filing date11/12/202522/07/202527/08/202414/08/202317/10/202231/08/2021
General meeting26/11/202530/06/202527/08/202426/05/202327/05/202228/05/2021
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

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model26/11/202526/11/202511/12/2025DutchPDF
Abridged model31/12/202430/06/202522/07/2025DutchPDF
Micro model31/12/202327/08/202427/08/2024DutchPDF
Abridged model31/12/202226/05/202314/08/2023DutchPDF
Abridged model31/12/202127/05/202217/10/2022DutchPDF
Abridged model31/12/202028/05/202131/08/2021DutchPDF
Abridged model31/12/201929/05/202022/06/2020DutchPDF
Micro model31/12/201831/05/201912/06/2019DutchPDF
Micro model31/12/201730/06/201824/07/2018DutchPDF
Micro model31/12/201630/06/201728/07/2017DutchPDF
Abridged model31/12/201530/06/201627/07/2016DutchPDF
Estimate

Indicative valuation

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 26/11/2025 · 1 active · 13 ended

Active mandates

Arzo Consult

Director · 0756.992.849

Represented by Teun VANDERGHOTE

Active

Ended mandates

Arzo Consult

Director · since 01 janvier 2023 · 0756.992.849

Represented by Teun VANDERGHOTE

Ended
Arzo Consult

Director · since 01 janvier 2023 · 0756.992.849

Represented by Vanderghote TEUN

Ended
Ruben Gekiere

Mandate · since 01 janvier 2015

Ended
Ruben Gekiere

Manager · since 01 janvier 2015

Ended
Shareholders

Ownership and network

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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 202575 k €↑
  2. 2025
    Name changeProgressive in vereffening
  3. 2024
    Annual accounts 202464,6 k €↑
  4. 2023
    Annual accounts 2023-13,7 k €↓
  5. 2022
    Annual accounts 20223,8 k €↓
  6. 2021
    Annual accounts 202160,6 k €↑
  7. 2021
    Name changeProgressive
  8. 2020
    Annual accounts 20209,1 k €↓
  9. 2019
    Annual accounts 201949,2 k €↑
  10. 2018
    Annual accounts 20186,8 k €↓
  11. 2017
    Annual accounts 201729,4 k €↑
  12. 2016
    Annual accounts 201618 k €↓
  13. 2015
    Annual accounts 201541,3 k €