PDG
ActiveSummary
PDG has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €210,405 and a net result of €50,605. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 76% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▼-10
Solvency96▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 1.85 against 1.37 in 2024; short-term debt: 28.4% and cash: 1% of total assets), and 29% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
71%
Return on assets
17.1%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 18-12-2025, 133 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
133 d early
2024
15 d early
2023
43 d early
2022
5 d early
2021
64 d early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 37 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 19 March (4 of the last 5 filed years within 37 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check 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 What other support did companies like this one receive, and it did not?Subsidies
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€210,405▲ 25.9%
2024 · €167,083
Total assets
€296,390▲ 10.9%
2024 · €267,273
Net result
€50,605▼ 34.1%
2024 · €76,805
Working capital
€71,698▲ 96.1%
2024 · €36,569
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€28,016▲ 176%€43,676▲ 55.9%-€25,713€103,923€75,537▼ 27.3%
Net result€17,170within the sector's middle half▲ 136%€28,271within the sector's middle half▲ 64.7%-€26,140below the sector's middle half€76,805above the sector's middle half€50,605above the sector's middle half▼ 34.1%
Equity€158,604above the sector's middle half▲ 12.1%€170,227above the sector's middle half▲ 7.3%€144,088above the sector's middle half▼ 15.4%€167,083above the sector's middle half▲ 16.0%€210,405above the sector's middle half▲ 25.9%
Total assets€229,871within the sector's middle half▲ 25.5%€308,991above the sector's middle half▲ 34.4%€219,941within the sector's middle half▼ 28.8%€267,273within the sector's middle half▲ 21.5%€296,390within the sector's middle half▲ 10.9%
Debt€71,267▲ 71.0%€138,764▲ 94.7%€75,854▼ 45.3%€100,190▲ 32.1%€85,985▼ 14.2%
Working capital€33,897within the sector's middle half▼ 67.3%€61,130within the sector's middle half▲ 80.3%€1,238below the sector's middle half▼ 98.0%€36,569within the sector's middle half▲ 2,854%€71,698within the sector's middle half▲ 96.1%
Solvency69.0%above the sector's middle half▼ 8.2pp55.1%within the sector's middle half▼ 13.9pp65.5%within the sector's middle half▲ 10.4pp62.5%within the sector's middle half▼ 3.0pp71.0%above the sector's middle half▲ 8.5pp
Current ratio1.48within the sector's middle half▼ 2.011.44within the sector's middle half▼ 0.041.02below the sector's middle half▼ 0.421.37within the sector's middle half▲ 0.351.85within the sector's middle half▲ 0.49
Return on assets (ROA)7.5%within the sector's middle half▲ 3.5pp9.1%within the sector's middle half▲ 1.7pp-11.9%below the sector's middle half▼ 21.0pp28.7%above the sector's middle half▲ 40.6pp17.1%within the sector's middle half▼ 11.7pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €296,390
Fixed assets
€140,567 ▲ 7.2%
Current assets
€155,823 ▲ 14.4%
Equity and liabilities €296,390
Equity
€210,405 ▲ 25.9%
Debt
€85,985 ▼ 14.2%
Debt's share of the balance-sheet total falls from 37.5% to 29.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€98,075▼
2024 · €127,629
Cash flow
€73,143▼
2024 · €100,511
Debt to equity
0.41▼
2024 · 0.60
ROE
24.1%▼
2024 · 46.0%
Interest coverage
32.11▼
2024 · 250.21
Debt ≤ 1 year
€84,126▼
2024 · €99,615
Debt > 1 year
€0▼
2024 · €575
Income taxes
€21,915▼
2024 · €26,646
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 34,696 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,642 | €10,602 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,821 | €18,147 | €23,766 | €23,706 | €22,538 | ▼ 4.9% |
| Other operating charges640/8 | - | €5,147 | €1,927 | €2,409 | €3,832 | ▲ 59.1% |
| Gross operating margin9900 | €57,920 | €66,970 | -€20 | €130,038 | €101,908 | ▼ 21.6% |
| Operating profit (loss)9901 | €28,016 | €43,676 | -€25,713 | €103,923 | €75,537 | ▼ 27.3% |
| Financial income75/76B | - | - | €383 | €37 | €38 | ▲ 1.4% |
| Recurring financial income75 | - | - | €383 | €37 | €38 | ▲ 1.4% |
| Financial charges65/66B | - | €1,023 | €615 | €510 | €3,055 | ▲ 499% |
| Recurring financial charges65 | €991 | €1,023 | €615 | €510 | €3,055 | ▲ 499% |
| Profit (loss) for the period before taxes9903 | €27,025 | €42,653 | -€25,945 | €103,450 | €72,520 | ▼ 29.9% |
| Income taxes67/77 | €9,855 | €14,382 | €195 | €26,646 | €21,915 | ▼ 17.8% |
| Profit (loss) for the period9904 | €17,170 | €28,271 | -€26,140 | €76,805 | €50,605 | ▼ 34.1% |
| Profit (loss) for the period to be appropriated9905 | €17,170 | €28,271 | -€26,140 | €76,805 | €50,605 | ▼ 34.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €229,871 | €308,991 | €219,941 | €267,273 | €296,390 | ▲ 10.9% |
| Fixed assets21/28 | €125,159 | €109,686 | €150,236 | €131,089 | €140,567 | ▲ 7.2% |
| Tangible fixed assets22/27 | €124,959 | €109,486 | €150,036 | €130,889 | €115,767 | ▼ 11.6% |
| Land and buildings22 | - | €97,621 | €92,551 | €86,455 | €87,178 | ▲ 0.8% |
| Plant, machinery and equipment23 | - | €719 | €284 | €0 | - | - |
| Furniture and vehicles24 | - | €4,601 | €52,734 | €42,046 | €28,101 | ▼ 33.2% |
| Other tangible fixed assets26 | - | €6,544 | €4,466 | €2,388 | €487 | ▼ 79.6% |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €24,800 | ▲ 12,300% |
| Current assets29/58 | €104,712 | €199,306 | €69,705 | €136,183 | €155,823 | ▲ 14.4% |
| Amounts receivable within one year40/41 | €69,494 | €175,147 | €59,195 | €85,994 | €149,168 | ▲ 73.5% |
| Trade receivables40 | - | €165,147 | €49,195 | €25,994 | €79,083 | ▲ 204% |
| Other amounts receivable41 | - | €10,000 | €10,000 | €60,000 | €70,085 | ▲ 16.8% |
| Cash at bank and in hand54/58 | €24,067 | €16,197 | €6,435 | €47,715 | €3,055 | ▼ 93.6% |
| Deferred charges and accrued income490/1 | - | €7,962 | €4,076 | €2,474 | €3,601 | ▲ 45.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €229,871 | €308,991 | €219,941 | €267,273 | €296,390 | ▲ 10.9% |
| Equity10/15 | €158,604 | €170,227 | €144,088 | €167,083 | €210,405 | ▲ 25.9% |
| Contributions10/11 | - | €24,400 | €24,400 | €24,400 | €24,400 | = |
| Reserves13 | €134,204 | €145,827 | €119,688 | €142,683 | €186,005 | ▲ 30.4% |
| Non-distributable reserves130/1 | - | €3,500 | - | - | - | - |
| Reserves not available under the articles1311 | - | €3,500 | - | - | - | - |
| Distributable reserves133 | - | €142,327 | €119,688 | €142,683 | €186,005 | ▲ 30.4% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €71,267 | €138,764 | €75,854 | €100,190 | €85,985 | ▼ 14.2% |
| Amounts payable after more than one year17 | - | - | €7,387 | €575 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | €7,387 | €575 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €70,815 | €138,176 | €68,467 | €99,615 | €84,126 | ▼ 15.5% |
| Current portion of amounts payable after more than one year42 | - | - | €6,652 | €6,812 | €575 | ▼ 91.6% |
| Trade debts44 | €16,141 | €4,607 | €3,228 | €4,844 | €7,749 | ▲ 60.0% |
| Suppliers440/4 | - | €4,607 | €3,228 | €4,844 | €7,749 | ▲ 60.0% |
| Advances received on contracts in progress46 | - | €12,155 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €19,304 | €5,601 | €13,384 | €17,342 | ▲ 29.6% |
| Taxes450/3 | - | €19,304 | €5,601 | €13,384 | €17,342 | ▲ 29.6% |
| Other amounts payable47/48 | - | €102,110 | €52,985 | €74,575 | €58,460 | ▼ 21.6% |
| Accrued charges and deferred income492/3 | - | €588 | - | - | €1,859 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,170 | €28,271 | -€26,140 | €76,805 | €50,605 | ▼ 34.1% |
| + Depreciation and write-downs630 | €27,821 | €18,147 | €23,766 | €23,706 | €22,538 | ▼ 4.9% |
| Operating cash flow (approximation) | €44,991 | €46,417 | -€2,374 | €100,511 | €73,143 | ▼ 27.2% |
| Investment in fixed assets (approximation) | - | -€2,673 | -€64,316 | -€4,559 | -€32,015 | ▼ 602% |
| Change in cash | - | -€7,871 | -€9,762 | €41,280 | -€44,660 | ▼ 208% |
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
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-09
Financial
Equity above €200,000Eq €210,405 ▲25.9%
2 profitable years in a row build equity to €210,405.
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €76,805
Net result €76,805 after one loss-making year.
30-09
Financial
Equity above €150,000Eq €167,083 ▲16%
Equity rises from €144,088 to €167,083.
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet -€26,140
Net result drops to -€26,140, the lowest in the series; recovery starts the following year.
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €150,000Eq €158,604 ▲12.1%
4 profitable years in a row build equity to €158,604.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
30-09
Financial
Highest result since 2018net €77,341 ▲1,930%
Operating result €112,916, net result €77,341, both a record.
30-09
Financial
Liquidity doublescurrent ratio 2.24
Current ratio from 1.01 to 2.24.
30-09
Financial
Equity above €100,000Eq €134,151 ▲133%
2 profitable years in a row build equity to €134,151.
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Gent · 1 establishment unit since 2008
Ground area
853 m²
Building footprint
202 m²
Volume, LiDAR
1,201 m³
Parcel 44062B0202/00C000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PDG BVBA
since 20082.178.450.843
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062B0202/00C000 | Flanders | 853 m² | 1 · 202 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
Flemish government
2023 · 1 entry · 290 EUR awarded · 359 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 290 EUR | 359 EUR |
Similar companies · same sector, comparable size
MiL Construct
BE 0765.974.158
Theux · Eq €210,441
DAKWERKEN VRIJENS
BE 0446.455.960
Riemst · Eq €210,315
G.MARTENS
BE 0419.999.409
Hoogstraten · Eq €210,276
Dakwerken Freddy Huysmans
BE 0837.672.105
Meerhout · Eq €210,568
GAUME-MARAMURES
BE 0561.785.693
Bertrix · Eq €210,678
Of 11,128 companies in sector 43910 we hold annual accounts for 5,493. 4,490 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
Founded02-10-2008
Fiscal year end30-09
Activities, NACEBEL 2025
43910Bricklaying and masonry work
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806792253
Also
9925:BE0806792253
Registered
30-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.