ACTIVE

HAY PROGRESS

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Financial year 2025 · closed on 31/12/2025

Net result

7,5 k €

+118.1% YoY

Gross margin

35,8 k €

-63.8% YoY

Equity

55,4 k €

+16.0% YoY

What does HAY PROGRESS do?

HAY PROGRESS is a Private limited company incorporated in 2016. Its main activity is: Restaurants and mobile food service activities. Its registered office is in Dilbeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0645.589.339

Incorporation

05/01/2016

Legal form

Private limited company

Registered office

Begijnenborrestraat 22
1700 Dilbeek · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

56101Restaurants and mobile food service activities· main 56111Restaurants and mobile food service activities 56301Beverage serving activities 56301Beverage serving activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016
Income statement
Gross margin	35,8 k €	-63.8%	99 k €	+25.1%	79,1 k €	+39.7%	56,6 k €	+232%	17 k €	+97.5%	8,6 k €	+25.7%	6,9 k €	-38.7%	11,2 k €	+335%	2,6 k €	+183%	-3,1 k €
EBITDA	11,9 k €	+41.9%	8,4 k €	+4.9%	8 k €	-5.4%	8,5 k €	-26.2%	11,5 k €	+69.0%	6,8 k €	+13.9%	6 k €	-42.5%	10,4 k €	+423%	-3,2 k €	+52.2%	-6,7 k €
Operating result	9,9 k €	+55.7%	6,3 k €	+6.6%	5,9 k €	-14.3%	6,9 k €	-32.6%	10,3 k €	+51.2%	6,8 k €	+13.9%	6 k €	-42.5%	10,4 k €	+423%	-3,2 k €	+52.2%	-6,7 k €
Net result	7,5 k €	+118%	3,4 k €	+4.1%	3,3 k €	-36.2%	5,2 k €	-49.0%	10,1 k €	+51.3%	6,7 k €	+0.4%	6,7 k €	-4.3%	7 k €	+312%	-3,3 k €	+51.1%	-6,7 k €
Balance sheet
Equity	55,4 k €	+16.0%	47,7 k €	+7.7%	44,3 k €	+8.0%	41 k €	+14.4%	35,8 k €	+39.4%	25,7 k €	+35.2%	19 k €	+23.9%	15,4 k €	+600%	2,2 k €	-60.0%	5,5 k €
Total assets	58,8 k €	-10.9%	66 k €	+12.1%	58,9 k €	-7.5%	63,7 k €	-29.9%	90,9 k €	+142%	37,6 k €	-12.4%	42,9 k €	+6.8%	40,2 k €	+637%	5,5 k €	-35.7%	8,5 k €
Cash	6,4 k €	+137%	2,7 k €	+68.9%	1,6 k €	-4.5%	1,7 k €	+2.3%	1,6 k €	-11.7%	1,8 k €	-77.1%	8,1 k €	+31.1%	6,2 k €	+27210%	22,6 €	-99.1%	2,5 k €
Debts	3,5 k €	-81.0%	18,3 k €	+25.3%	14,6 k €	-35.6%	22,7 k €	-58.7%	55 k €	+363%	11,9 k €	-50.3%	23,9 k €	-3.7%	24,8 k €	+662%	3,3 k €	+9.0%	3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Armen Hambartsumyan

Director · since 01 juillet 2025

Active

Armen Gevorkian

Director · since 09 avril 2024

Active

Ended mandates

Armen Hambartsumyan

Director · since 09 avril 2024

Ended

Armen Hambartsumyan

Manager · since 01 avril 2023

Ended

Mery Martirosian

Administrator - manager · since 01 août 2019

Ended

Mery Martirosjan

Manager · since 22 juillet 2019

Ended

At this address

Other companies at this address

Company	CBE no.
AUTO PROGRESS● Active	0688.582.907
BATI PROGRESS● Active	0783.951.129

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/08/2026	28/08/2025	29/08/2024	29/08/2023	22/07/2022	09/08/2021
General meeting	18/06/2026	19/06/2025	20/06/2024	15/06/2023	16/06/2022	17/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	18/06/2026	25/08/2026	Dutch	PDF
Micro model	31/12/2024	19/06/2025	28/08/2025	Dutch	PDF
Micro model	31/12/2023	20/06/2024	29/08/2024	Dutch	PDF
Micro model	31/12/2022	15/06/2023	29/08/2023	Dutch	PDF
Micro model	31/12/2021	16/06/2022	22/07/2022	French	PDF
Micro model	31/12/2020	17/06/2021	09/08/2021	French	PDF
Micro model	31/12/2019	18/06/2020	19/08/2020	French	PDF
Micro model	31/12/2018	20/06/2019	10/08/2019	French	PDF
Abridged model	31/12/2017	21/06/2018	30/07/2018	French	PDF
Abridged model	31/12/2016	15/06/2017	03/08/2017	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 2 active · 6 ended

Active mandates

Armen Hambartsumyan

Director · since 01 juillet 2025

Active

Armen Gevorkian

Director · since 09 avril 2024

Active

Ended mandates

Armen Hambartsumyan

Director · since 09 avril 2024

Ended

Armen Hambartsumyan

Manager · since 01 avril 2023

Ended

Mery Martirosian

Administrator - manager · since 01 août 2019

Ended

Mery Martirosjan

Manager · since 22 juillet 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares07/01/2026
KAPITAAL - AANDELEN
PDF
Capital / shares10/10/2025
KAPITAAL - AANDELEN
PDF
Capital / shares23/07/2025
KAPITAAL - AANDELEN
PDF
Capital / shares28/04/2025
KAPITAAL - AANDELEN
PDF
Capital / shares29/04/2024
KAPITAAL - AANDELEN - WIJZIGING RECHTSVORM
PDF
Mandates12/04/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/07/2023
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/01/2023
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 20257,5 k €↑
2024
Annual accounts 20243,4 k €↑
2023
Annual accounts 20233,3 k €↓
2022
Annual accounts 20225,2 k €↓
2021
Annual accounts 202110,1 k €↑
2020
Annual accounts 20206,7 k €↑
2019
Annual accounts 20196,7 k €↓
2018
Annual accounts 20187 k €↑
2017
Annual accounts 2017-3,3 k €↑
2016
Annual accounts 2016-6,7 k €
05/01/2016
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

HAY PROGRESS

Overview

What does HAY PROGRESS do?

Trend over 10 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline