PCG
ActiveSummary
The computed 12-month bankruptcy probability of PCG is 1.9% (moderate). The 2025 annual accounts show equity of €22,622 and a net result of €45,712. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 19% of 28184 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+19
Solvency42▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.92 against 1.05 in 2024; short-term debt: 67.1% and cash: 56.9% of total assets), and 83.2% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.8%
Return on assets
34%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 28184 sector peers (2025).
NBB · sector comparisonPosition among 28184 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
17 d late
2024
7 d early
2023
8 d late
2022
5 d early
2021
24 d early
2020
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€22,622▼ 51.8%
2024 · €46,910
Total assets
€134,513▼ 29.7%
2024 · €191,280
Net result
€45,712▲ 141%
2024 · €18,960
Working capital
-€7,295
2024 · €5,651
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19,763€10,937▼ 44.7%€24,878▲ 127%€33,901▲ 36.3%€58,534▲ 72.7%
Net result€19,409€6,427▼ 66.9%€15,712▲ 144%€18,960▲ 20.7%€45,712▲ 141%
Equity€29,611▲ 190%€36,038▲ 21.7%€57,950▲ 60.8%€46,910▼ 19.1%€22,622▼ 51.8%
Total assets€72,494▲ 93.1%€55,442▼ 23.5%€87,663▲ 58.1%€191,280▲ 118%€134,513▼ 29.7%
Debt€42,883▲ 56.8%€19,404▼ 54.8%€29,713▲ 53.1%€144,370▲ 386%€111,891▼ 22.5%
Working capital-€4,789▲ 34.5%€10,095€46,591▲ 362%€5,651▼ 87.9%-€7,295
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 73% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €134,513
Fixed assets
€51,555 ▼ 28.7%
Current assets
€82,958 ▼ 30.2%
Equity and liabilities €134,513
Equity
€22,622 ▼ 51.8%
Debt
€111,891 ▼ 22.5%
Debt's share of the balance-sheet total rises from 75.5% to 83.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€79,326▲
2024 · €47,062
Cash flow
€66,504▲
2024 · €32,121
Current ratio
0.92▼
2024 · 1.05
Debt to equity
4.95▲
2024 · 3.08
ROE
202.1%▲
2024 · 40.4%
ROA
34.0%▲
2024 · 9.9%
Interest coverage
67.57▼
2024 · 103.43
Debt ≤ 1 year
€90,253▼
2024 · €113,283
Debt > 1 year
€21,638▼
2024 · €31,087
Income taxes
€11,648▼
2024 · €14,518
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,703 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,605 | €16,569 | €16,177 | €13,161 | €20,792 | ▲ 58.0% |
| Gross operating margin9900 | €41,368 | €27,506 | €41,055 | €47,062 | €79,326 | ▲ 68.6% |
| Operating profit (loss)9901 | €19,763 | €10,937 | €24,878 | €33,901 | €58,534 | ▲ 72.7% |
| Financial income75/76B | €90 | €3 | - | €32 | - | - |
| Recurring financial income75 | €90 | €3 | - | €32 | - | - |
| Financial charges65/66B | €444 | €513 | €374 | €455 | €1,174 | ▲ 158% |
| Recurring financial charges65 | €444 | €513 | €374 | €455 | €1,174 | ▲ 158% |
| Profit (loss) for the period before taxes9903 | €19,409 | €10,427 | €24,504 | €33,478 | €57,360 | ▲ 71.3% |
| Income taxes67/77 | - | €4,000 | €8,792 | €14,518 | €11,648 | ▼ 19.8% |
| Profit (loss) for the period9904 | €19,409 | €6,427 | €15,712 | €18,960 | €45,712 | ▲ 141% |
| Profit (loss) for the period to be appropriated9905 | €19,409 | €6,427 | €15,712 | €18,960 | €45,712 | ▲ 141% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72,494 | €55,442 | €87,663 | €191,280 | €134,513 | ▼ 29.7% |
| Fixed assets21/28 | €52,764 | €36,640 | €21,482 | €72,346 | €51,555 | ▼ 28.7% |
| Tangible fixed assets22/27 | €52,764 | €36,640 | €21,482 | €72,346 | €51,555 | ▼ 28.7% |
| Plant, machinery and equipment23 | €6,822 | €3,693 | €823 | €1,055 | €719 | ▼ 31.8% |
| Furniture and vehicles24 | €45,942 | €32,947 | €20,659 | €71,291 | €50,836 | ▼ 28.7% |
| Current assets29/58 | €19,730 | €18,802 | €66,181 | €118,934 | €82,958 | ▼ 30.2% |
| Amounts receivable within one year40/41 | - | - | - | - | €6,425 | - |
| Trade receivables40 | - | - | - | - | €6,425 | - |
| Cash at bank and in hand54/58 | €19,730 | €18,802 | €60,057 | €113,883 | €76,533 | ▼ 32.8% |
| Deferred charges and accrued income490/1 | - | - | €6,124 | €5,051 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72,494 | €55,442 | €87,663 | €191,280 | €134,513 | ▼ 29.7% |
| Equity10/15 | €29,611 | €36,038 | €57,950 | €46,910 | €22,622 | ▼ 51.8% |
| Contributions10/11 | €12,400 | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €12,400 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Uncalled capital101 | €6,200 | - | - | - | - | - |
| Profit (loss) carried forward14 | €17,211 | €23,638 | €39,350 | €28,310 | €4,022 | ▼ 85.8% |
| Amounts payable17/49 | €42,883 | €19,404 | €29,713 | €144,370 | €111,891 | ▼ 22.5% |
| Amounts payable after more than one year17 | €18,364 | €10,697 | €5,523 | €31,087 | €21,638 | ▼ 30.4% |
| Financial debts170/4 | €18,364 | €10,697 | €5,523 | €31,087 | €21,638 | ▼ 30.4% |
| Amounts payable within one year42/48 | €24,519 | €8,707 | €19,590 | €113,283 | €90,253 | ▼ 20.3% |
| Current portion of amounts payable after more than one year42 | €7,536 | €7,667 | €5,174 | €13,552 | €9,450 | ▼ 30.3% |
| Trade debts44 | €3,830 | €33 | €10,524 | €65,371 | €3,775 | ▼ 94.2% |
| Suppliers440/4 | €3,830 | €33 | €10,524 | €65,371 | €3,775 | ▼ 94.2% |
| Taxes, remuneration and social security45 | €271 | €988 | - | - | €3,638 | - |
| Taxes450/3 | €271 | €988 | - | - | €3,638 | - |
| Other amounts payable47/48 | €12,882 | €19 | €3,892 | €34,360 | €73,390 | ▲ 114% |
| Accrued charges and deferred income492/3 | - | - | €4,600 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,409 | €6,427 | €15,712 | €18,960 | €45,712 | ▲ 141% |
| + Depreciation and write-downs630 | €21,605 | €16,569 | €16,177 | €13,161 | €20,792 | ▲ 58.0% |
| Operating cash flow (approximation) | €41,014 | €22,996 | €31,889 | €32,121 | €66,504 | ▲ 107% |
| Investment in fixed assets (approximation) | - | -€445 | -€1,019 | -€64,025 | -€1 | ▲ 100.0% |
| Change in cash | - | -€928 | €41,255 | €53,826 | -€37,350 | ▼ 169% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
31-12
Financial
Highest result since 2020net €45,712 ▲141%
Operating result €58,534, net result €45,712, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 2.16
Current ratio from 0.80 to 2.16; short-term debt falls from €24,519 to €8,707.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €19,409
Net result €19,409 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Herentals · 1 establishment unit since 2019
Ground area
1,804 m²
Building footprint
311 m²
Volume, LiDAR
1,506 m³
2 parcels, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PCG
since 20192.288.746.672
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13032B0265/00M000 | Flanders | 954 m² | 1 · 214 m² | 6.5 m · 1 fl. |
| 13027B0056/00A002 | Flanders | 850 m² | 1 · 96 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PRIME TIME
BE 0778.315.033
Boortmeerbeek · Eq €22,659
SAGA Painting & Deco
BE 0772.948.062
Merchtem · Eq €22,690
ALAIN GOOSSENS HAUTE PEINTURE
BE 0478.520.992
Duffel · Eq €22,522
LINODECOR
BE 0456.116.566
Dendermonde · Eq €22,434
KNOW HOW PAINT'S
BE 0773.500.566
Herstal · Eq €22,835
Of 7,867 companies in sector 43341 we hold annual accounts for 2,664. 2,114 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0725696590
Also
9925:BE0725696590
Registered
26-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.