ACTIVE

PROGRESS ACADEMY

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Financial year 2024 · closed on 31/12/2024

Net result

-156,9 €

+56.4% YoY

Equity

38 k €

-0.4% YoY

What does PROGRESS ACADEMY do?

PROGRESS ACADEMY is a Private limited company incorporated in 2008. Its main activity is: Other education n.e.c.. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0806.349.221

Incorporation

15/09/2008

Legal form

Private limited company

Registered office

Franklin Rooseveltlaan 349 box B89
9000 Gent · FlandreSee on map

Contributed capital

6 300,00 €

Latest accounts

31/12/2024

Activities (NACE)

85599Other education n.e.c.· main 85599Other education n.e.c.

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	–		–		–		1,1 k €	+105%	-21,4 k €	-80.0%	-11,9 k €	-340%	4,9 k €	+438%	917,7 €	-94.7%	17,2 k €	-33.5%	25,8 k €	+116%	12 k €	-45.0%	21,7 k €	-72.5%	78,9 k €	+98.3%	39,8 k €	-44.6%	71,9 k €	-43.0%	126,2 k €
EBITDA	–		–		–		484,8 €	+102%	-22,2 k €	-79.8%	-12,4 k €	-395%	4,2 k €	+505%	-1 k €	-108%	13,3 k €	-41.1%	22,6 k €	+127%	9,9 k €	-26.0%	13,5 k €	-78.4%	62,2 k €	+64.1%	37,9 k €	-3.9%	39,4 k €	-29.0%	55,5 k €
Operating result	–		–		–		-470,8 €	+98.0%	-23,2 k €	-69.0%	-13,7 k €	-1967%	734 €	+112%	-6 k €	-176%	7,9 k €	-52.6%	16,7 k €	+3377%	479,6 €	-79.8%	2,4 k €	-95.4%	51,6 k €	+80.6%	28,6 k €	-2.7%	29,4 k €	-36.9%	46,6 k €
Net result	-156,9 €	+56.4%	-359,8 €		–		-739 €	+96.8%	-23,4 k €	-74.6%	-13,4 k €	-2263%	-566 €	+96.7%	-17,1 k €	-460%	4,8 k €	-50.1%	9,6 k €	+498%	-2,4 k €	+39.0%	-3,9 k €	-112%	32 k €	+74.9%	18,3 k €	+8.0%	16,9 k €	-43.4%	29,9 k €
Balance sheet
Equity	38 k €	-0.4%	38,2 k €	-0.9%	38,5 k €	0.0%	38,5 k €	-1.9%	39,3 k €	-37.3%	62,6 k €	-17.6%	76 k €	-0.7%	76,6 k €	-18.3%	93,7 k €	-12.2%	106,7 k €	+9.8%	97,2 k €	-2.4%	99,6 k €	-3.8%	103,5 k €	+44.8%	71,5 k €	+34.4%	53,2 k €	+46.7%	36,2 k €
Total assets	65,3 k €	-0.2%	65,5 k €	-0.5%	65,8 k €	0.0%	65,8 k €	+4.0%	63,3 k €	-33.1%	94,5 k €	-6.2%	100,7 k €	-23.8%	132,2 k €	-20.7%	166,6 k €	-8.0%	181,1 k €	+4.2%	173,8 k €	-26.1%	235,2 k €	-31.8%	344,9 k €	+165%	130,3 k €	-14.1%	151,7 k €	+39.5%	108,7 k €
Cash	1,3 k €	+1.7%	1,3 k €	+17.0%	1,1 k €	0.0%	1,1 k €	-34.2%	1,6 k €	-92.8%	22,9 k €	+52.7%	15 k €	+470%	2,6 k €	+13.6%	2,3 k €	+499%	386 €	-93.7%	6,1 k €	-59.1%	14,9 k €	-80.1%	75,1 k €	+328%	17,6 k €	-57.6%	41,5 k €	+328%	9,7 k €
Debts	27,3 k €	0.0%	27,3 k €	+0.2%	27,3 k €	0.0%	27,3 k €	+1571%	1,6 k €	-94.9%	31,9 k €	+29.0%	24,7 k €	-55.5%	55,6 k €	-23.7%	72,9 k €	-2.0%	74,3 k €	-3.0%	76,6 k €	-43.1%	134,6 k €	-33.8%	203,3 k €	+246%	58,8 k €	-40.3%	98,5 k €	+190%	34 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,5 ETP	-44.4%	0,9 ETP

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 31/12/2024 · 1 active · 2 ended

Active mandates

Isa Morgül

Director · since 15 septembre 2008

Active

Ended mandates

Isa Morgül

Administrator - manager

Ended

Isa Morgül

Manager

Ended

At this address

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/09/2025	08/10/2024	28/09/2023	08/09/2022	31/08/2021	29/09/2020
General meeting	30/09/2025	07/10/2024	26/06/2023	26/06/2022	26/06/2021	27/06/2020
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	30/09/2025	30/09/2025	Dutch	PDF
Micro model	31/12/2023	07/10/2024	08/10/2024	Dutch	PDF
Micro model	31/12/2022	26/06/2023	28/09/2023	Dutch	PDF
Micro model	31/12/2021	26/06/2022	08/09/2022	Dutch	PDF
Micro model	31/12/2020	26/06/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	27/06/2020	29/09/2020	Dutch	PDF
Micro model	31/12/2018	24/07/2019	28/07/2019	Dutch	PDF
Micro model	31/12/2017	30/07/2018	31/08/2018	Dutch	PDF
Micro model	31/12/2016	24/06/2017	17/08/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	08/07/2016	Dutch	PDF
Abridged model	31/12/2014	27/08/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	28/06/2014	25/08/2014	Dutch	PDF
Abridged model	31/12/2012	22/06/2013	23/08/2013	Dutch	PDF
Abridged model	31/12/2011	23/06/2012	26/10/2012	Dutch	PDF
Abridged model	31/12/2010	25/06/2011	11/07/2011	Dutch	PDF
Abridged model	31/12/2009	26/06/2010	22/07/2010	Dutch	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 31/12/2024 · 1 active · 2 ended

Active mandates

Isa Morgül

Director · since 15 septembre 2008

Active

Ended mandates

Isa Morgül

Administrator - manager

Ended

Isa Morgül

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring02/07/2026
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring26/03/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other17/09/2008
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2024
Annual accounts 2024-156,9 €↑
2023
Annual accounts 2023-359,8 €↑
2022
Annual accounts 2022
2021
Annual accounts 2021-739 €↑
2020
Annual accounts 2020-23,4 k €↓
2019
Annual accounts 2019-13,4 k €↓
2018
Annual accounts 2018-566 €↑
2017
Annual accounts 2017-17,1 k €↓
2016
Annual accounts 20164,8 k €↓
2015
Annual accounts 20159,6 k €↑
2014
Annual accounts 2014-2,4 k €↑
2013
Annual accounts 2013-3,9 k €↓
2012
Annual accounts 201232 k €↑
2011
Annual accounts 201118,3 k €↑
2010
Annual accounts 201016,9 k €↓
2009
Annual accounts 200929,9 k €
15/09/2008
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

PROGRESS ACADEMY

Overview

What does PROGRESS ACADEMY do?

Trend over 16 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