ACTIVE

PROGICON

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Financial year 2025 · closed on 31/12/2025
Net result
28,8 k €
-83.9% YoY
Gross margin
875,7 k €
-0.1% YoY
Equity
497,3 k €
+6.1% YoY
Workforce
6,6 ETP
+11.9% YoY

What does PROGICON do?

PROGICON is a Private limited company incorporated in 2009. Its main activity is: Computer consultancy activities. Its registered office is in Gent. It employs on average 6,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0811.340.860
Incorporation
23/04/2009
Legal form
Private limited company
Registered office
Baarledorpstraat 55A box 2
9031 Gent · FlandreSee on map
Contributed capital
82 000,00 €
Latest accounts
31/12/2025
Average workforce
6,6 ETP
Activities (NACE)
62020Computer consultancy activities· main62200Computer programming, consultancy and related activities82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.71121Engineering activities and related technical consultancy71121Engineering activities and related technical consultancy+2
Joint committees (1)
  • 20000
Contacts
4 public details availableLog in to view
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 17 financial years

20252024202320222021202020192018201720162015201420132012201120102009
Income statement
Gross margin875,7 k €876,2 k €771,1 k €547,8 k €471,2 k €456,5 k €463 k €347,5 k €300,5 k €252,6 k €221,2 k €189,1 k €175,5 k €123,3 k €45,1 k €30 k €16,8 k €
EBITDA194,3 k €326,7 k €236,5 k €114,2 k €105 k €212,8 k €231,8 k €132,9 k €96,7 k €79,2 k €81,1 k €66,9 k €59,7 k €72,2 k €36,6 k €28,8 k €15,5 k €
Operating result74,1 k €213,3 k €121,1 k €40,2 k €38,7 k €135,7 k €154 k €53,2 k €22,3 k €21,7 k €31,1 k €25,8 k €27,9 k €44 k €19,8 k €13,1 k €5,7 k €
Net result28,8 k €178,7 k €69,7 k €29,4 k €14,7 k €109 k €123,3 k €31,6 k €5,3 k €8,4 k €8,7 k €10,9 k €13,6 k €31,9 k €13,5 k €8,3 k €3,8 k €
Balance sheet
Equity497,3 k €468,6 k €390,1 k €321,3 k €292,7 k €278,9 k €238,7 k €188,3 k €157,5 k €149,1 k €123 k €97,5 k €82,7 k €66 k €27,7 k €29,1 k €16,2 k €
Total assets1,5 M €1,4 M €1,2 M €890,8 k €629,7 k €721,2 k €685,1 k €620,8 k €530,6 k €404,5 k €350,3 k €353,6 k €247,5 k €144,4 k €94,7 k €91,1 k €66,8 k €
Cash161,1 k €201,9 k €40,7 k €33,9 k €93,9 k €170,5 k €120,1 k €118,2 k €74,9 k €22,4 k €6,8 k €38,3 k €35,2 k €18 k €18,3 k €9 k €1,2 k €
Debts992,5 k €961,6 k €789,9 k €569,5 k €337 k €442,3 k €446,4 k €432,5 k €373,1 k €255,5 k €227,3 k €256,1 k €164,8 k €78,4 k €67 k €61,7 k €49,7 k €
Other
Workforce6,6 ETP5,9 ETP6,1 ETP5,9 ETP6,0 ETP3,2 ETP3,3 ETP–––2,6 ETP2,0 ETP2,2 ETP2,0 ETP0,2 ETP––
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

Elpie Invest

Director · since 02 octobre 2019 · 0735.456.869

Represented by Van den Bussche Pieter

Active

Ended mandates

Elpie Invest

Manager · since 02 octobre 2019 · 0735.456.869

Represented by Van DEN BUSSCHE PIETER

Ended
Elpie Invest

Director · since 02 octobre 2019 · 0735.456.869

Represented by Pieter Van den Bussche

Ended
Elpie Invest

Director · since 02 octobre 2019 · 0735.456.869

Ended
Pieter Van den Bussche

Manager · since 21 avril 2009

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged 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 year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date19/06/202604/06/202513/06/202428/06/202305/07/202231/05/2021
General meeting04/06/202605/05/202525/05/202408/05/202330/06/202203/05/2021
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

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202504/06/202619/06/2026DutchPDF
Abridged model31/12/202405/05/202504/06/2025DutchPDF
Abridged model31/12/202325/05/202413/06/2024DutchPDF
Abridged model31/12/202208/05/202328/06/2023DutchPDF
Abridged model31/12/202130/06/202205/07/2022DutchPDF
Abridged model31/12/202003/05/202131/05/2021DutchPDF
Abridged modelCorrection31/12/201928/09/202008/10/2020DutchPDF
Abridged model31/12/201928/09/202029/09/2020DutchPDF
Abridged model31/12/201825/06/201927/06/2019DutchPDF
Micro modelCorrection31/12/201705/05/201806/09/2018DutchPDF
Micro model31/12/201705/05/201804/06/2018DutchPDF
Micro model31/12/201606/05/201719/06/2017DutchPDF
Abridged model31/12/201507/05/201624/05/2016DutchPDF
Abridged model31/12/201420/06/201513/07/2015DutchPDF
Abridged model31/12/201303/05/201410/06/2014DutchPDF
Abridged model31/12/201204/05/201316/05/2013DutchPDF
Abridged model31/12/201105/05/201216/08/2012DutchPDF
Abridged model31/12/201007/05/201118/07/2011DutchPDF
Abridged model31/12/200903/05/201012/07/2010DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 1 active · 5 ended

Active mandates

Elpie Invest

Director · since 02 octobre 2019 · 0735.456.869

Represented by Van den Bussche Pieter

Active

Ended mandates

Elpie Invest

Manager · since 02 octobre 2019 · 0735.456.869

Represented by Van DEN BUSSCHE PIETER

Ended
Elpie Invest

Director · since 02 octobre 2019 · 0735.456.869

Represented by Pieter Van den Bussche

Ended
Elpie Invest

Director · since 02 octobre 2019 · 0735.456.869

Ended
Pieter Van den Bussche

Manager · since 21 avril 2009

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/07/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/10/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office20/01/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other18/10/2012
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other04/05/2009
    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

Timeline

  1. 2025
    Annual accounts 202528,8 k €↓
  2. 2024
    Annual accounts 2024178,7 k €↑
  3. 2023
    Annual accounts 202369,7 k €↑
  4. 2022
    Annual accounts 202229,4 k €↑
  5. 2021
    Annual accounts 202114,7 k €↓
  6. 2020
    Annual accounts 2020109 k €↓
  7. 2019
    Annual accounts 2019123,3 k €↑
  8. 2018
    Annual accounts 201831,6 k €↑
  9. 2017
    Annual accounts 20175,3 k €↓
  10. 2016
    Annual accounts 20168,4 k €↓
  11. 2015
    Annual accounts 20158,7 k €↓
  12. 2014
    Annual accounts 201410,9 k €↓
  13. 2013
    Annual accounts 201313,6 k €↓
  14. 2012
    Annual accounts 201231,9 k €↑
  15. 2011
    Annual accounts 201113,5 k €↑
  16. 2010
    Annual accounts 20108,3 k €↑
  17. 2009
    Annual accounts 20093,8 k €
  18. 23/04/2009
    IncorporationPrivate limited company