PFGE
ActiveSummary
The computed 12-month bankruptcy probability of PFGE is 3.8% (moderate). The 2024 annual accounts show equity of €210,146 and a net result of €8,513. Equity is growing by about 6.5% per year across the filed financial years. Its solvency ranks better than 46% of 577 sector peers (NACE 96, financial year 2024). The company has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €210,146
- Profit
- €8,513
- Holdings
- 1
- GAVELA MOREDA JoséDirector
Why 49raises risk1 financial year not filed after the legal deadline; last filed accounts filed 313 days late; 3 of the last 3 lateFigures for financial year 2024 (filed 09-06-2026)Liquidity: current ratio 1.02, cash €3,126, halvedlowers riskFounded in 1999Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 96, micro): better than 52% on solvency, 25% on liquidity, 49% on profitability and 48% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 186 days after the deadline; the sector median (NACE 96) for financial year 2024 is on the deadline day, and 48% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · full…
- Annual accounts filedfinancial year 2023 · full…
- Back to profitnet €8,513
Financials · financial year 2024, full format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 30 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result returns to profit in 2024: €41,235 after a loss of €18,572 in 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 96, Personal service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 4,685 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96.9% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
For this company itself Checked computes a higher bankruptcy probability: 3.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 0.9% |
| 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 74.5% 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 4,685 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €14 | - |
| Remuneration, social security and pensions62 | - | - | - | €116,053 | €106,282 | €22,979 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66,193 | €60,096 | €57,391 | €68,000 | €60,538 | €60,126 | €28,350 | ▼ 52.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €41,948 | €14,534 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | €67,500 | - | - |
| Other operating charges640/8 | - | - | - | €2,297 | €1,633 | €5,034 | €4,080 | ▼ 18.9% |
| Non-recurring operating charges66A | - | - | - | €843 | - | €92 | - | - |
| Gross operating margin9900 | €190,875 | €252,503 | €265,334 | €212,100 | €210,118 | €137,159 | €73,665 | ▼ 46.3% |
| Operating profit (loss)9901 | €70,265 | €1,025 | €143,136 | -€17,041 | €27,131 | -€18,572 | €41,235 | - |
| Financial income75/76B | - | - | - | €1,352 | €1,180 | €1,405 | €2,082 | ▲ 48.2% |
| Recurring financial income75 | €1,372 | €82,086 | €2,191 | €1,352 | €1,180 | €1,405 | €2,082 | ▲ 48.2% |
| Financial charges65/66B | - | - | - | €6,233 | €6,686 | €4,941 | €9,218 | ▲ 86.6% |
| Recurring financial charges65 | €11,000 | €3,900 | €3,852 | €6,233 | €6,686 | €4,941 | €9,218 | ▲ 86.6% |
| Profit (loss) for the period before taxes9903 | €60,637 | €79,211 | €141,475 | -€21,922 | €21,624 | -€22,108 | €34,099 | - |
| Income taxes67/77 | €14,957 | €13,501 | €38,659 | €830 | €5,356 | €20,000 | €25,585 | ▲ 27.9% |
| Profit (loss) for the period9904 | €45,680 | €65,710 | €102,816 | -€22,752 | €16,268 | -€42,108 | €8,513 | - |
| Profit (loss) for the period to be appropriated9905 | €45,680 | €65,710 | €102,816 | -€22,752 | €16,268 | -€42,108 | €8,513 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €671,567 | €427,911 | €437,977 | €687,190 | €678,722 | €619,414 | €718,841 | ▲ 16.1% |
| Fixed assets21/28 | €329,315 | €240,959 | €247,113 | €572,040 | €527,155 | €461,190 | €434,138 | ▼ 5.9% |
| Intangible fixed assets21 | €145,362 | €116,724 | €88,086 | €59,448 | €30,809 | €4,714 | €1,928 | ▼ 59.1% |
| Tangible fixed assets22/27 | €166,126 | €112,810 | €147,752 | €151,318 | €135,071 | €106,476 | €82,210 | ▼ 22.8% |
| Land and buildings22 | - | - | - | €116,673 | €111,132 | - | - | - |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €265 | - |
| Furniture and vehicles24 | - | - | - | €34,645 | €23,938 | €12,373 | €4,872 | ▼ 60.6% |
| Other tangible fixed assets26 | - | - | - | - | - | €94,103 | €77,073 | ▼ 18.1% |
| Financial fixed assets28 | €17,827 | €11,425 | €11,275 | €361,275 | €361,275 | €350,000 | €350,000 | = |
| Current assets29/58 | €342,252 | €186,952 | €190,864 | €115,150 | €151,567 | €158,224 | €284,703 | ▲ 79.9% |
| Stocks and contracts in progress3 | €416 | €668 | €668 | €668 | €668 | €1,263 | €350 | ▼ 72.3% |
| Stocks30/36 | - | - | - | €668 | €668 | €1,263 | €350 | ▼ 72.3% |
| Amounts receivable within one year40/41 | €252,295 | €151,368 | €161,627 | €94,004 | €131,782 | €145,581 | €278,055 | ▲ 91.0% |
| Trade receivables40 | - | - | - | €71,867 | €111,511 | €108,546 | €234,913 | ▲ 116% |
| Other amounts receivable41 | - | - | - | €22,137 | €20,271 | €37,035 | €43,142 | ▲ 16.5% |
| Current investments50/53 | €84,000 | €34,061 | €17,561 | €17,561 | €17,561 | - | - | - |
| Cash at bank and in hand54/58 | €2,158 | €855 | €7,228 | €2,056 | €1,045 | €8,298 | €3,126 | ▼ 62.3% |
| Deferred charges and accrued income490/1 | - | - | - | €861 | €511 | €3,081 | €3,171 | ▲ 2.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €671,567 | €427,911 | €437,977 | €687,190 | €678,722 | €619,414 | €718,841 | ▲ 16.1% |
| Equity10/15 | €81,699 | €147,409 | €250,225 | €227,472 | €243,741 | €201,633 | €210,146 | ▲ 4.2% |
| Contributions10/11 | €6,206 | €6,206 | €6,206 | €6,205 | €6,205 | €6,205 | €6,205 | = |
| Capital10 | - | - | - | €6,205 | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | - | - | €12,395 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €101,860 | €101,860 | €117,860 | €117,860 | €117,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | - | - | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €100,000 | €116,000 | €117,860 | €117,860 | = |
| Profit (loss) carried forward14 | €73,633 | €139,343 | €142,159 | €119,407 | €119,676 | €77,567 | €86,081 | ▲ 11.0% |
| Provisions and deferred taxes16 | - | - | - | - | - | €67,500 | €67,500 | = |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | €67,500 | €67,500 | = |
| Other liabilities and charges164/5 | - | - | - | - | - | €67,500 | €67,500 | = |
| Amounts payable17/49 | €589,868 | €280,502 | €187,752 | €459,717 | €434,981 | €350,281 | €441,195 | ▲ 26.0% |
| Amounts payable after more than one year17 | €313,961 | €106,386 | €42,503 | €262,041 | €225,642 | €192,342 | €161,074 | ▼ 16.3% |
| Financial debts170/4 | - | - | - | €262,041 | €225,642 | €192,342 | €161,074 | ▼ 16.3% |
| Amounts payable within one year42/48 | €267,328 | €171,981 | €145,249 | €188,201 | €209,239 | €157,939 | €280,121 | ▲ 77.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €59,633 | €39,047 | €33,300 | €30,295 | ▼ 9.0% |
| Financial debts43 | - | - | - | €9,703 | €23,886 | €19,937 | €25,000 | ▲ 25.4% |
| Credit institutions430/8 | - | - | - | €9,703 | €23,886 | €19,937 | €25,000 | ▲ 25.4% |
| Trade debts44 | €20,864 | €26,790 | €29,655 | €21,356 | €48,297 | €72,270 | €162,252 | ▲ 125% |
| Suppliers440/4 | - | - | - | €21,356 | €48,297 | €72,270 | €162,252 | ▲ 125% |
| Advances received on contracts in progress46 | - | - | - | - | - | €3,727 | €8,150 | ▲ 119% |
| Taxes, remuneration and social security45 | - | - | - | €25,820 | €29,355 | €17,135 | €47,953 | ▲ 180% |
| Taxes450/3 | - | - | - | €5,263 | €12,107 | €9,340 | €39,089 | ▲ 319% |
| Remuneration and social security454/9 | - | - | - | €20,557 | €17,248 | €7,796 | €8,864 | ▲ 13.7% |
| Other amounts payable47/48 | - | - | - | €71,688 | €68,655 | €11,570 | €6,470 | ▼ 44.1% |
| Accrued charges and deferred income492/3 | - | - | - | €9,476 | €100 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,680 | €65,710 | €102,816 | -€22,752 | €16,268 | -€42,108 | €8,513 | - |
| + Depreciation and write-downs630 | €66,193 | €60,096 | €57,391 | €68,000 | €60,538 | €60,126 | €28,350 | ▼ 52.8% |
| Operating cash flow (approximation) | €111,873 | €125,806 | €160,207 | €45,248 | €76,806 | €18,017 | €36,863 | ▲ 105% |
| Investment in fixed assets (approximation) | - | €28,260 | -€63,545 | -€392,927 | -€15,653 | €5,840 | -€1,298 | - |
| Change in cash | - | -€1,303 | €6,373 | -€5,172 | -€1,012 | €7,254 | -€5,172 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | full format | 09-06-2026 | 2026-00145536 |
| 31-12-2023 | full format | 31-05-2026 | 2026-00128213 |
| 31-12-2022 | micro format | 29-12-2023 | 2024-00545716 |
| 31-12-2021 | micro format | 11-08-2022 | 2022-20282306 |
| 31-12-2020 | full format | 25-06-2021 | 2021-23900587 |
| 31-12-2019 | full format | 06-08-2020 | 2020-39700311 |
| 31-12-2018 | full format | 05-08-2019 | 2019-43200165 |
| 31-12-2017 | full format | 25-07-2018 | 2018-36900304 |
| 31-12-2016 | full format | 10-08-2017 | 2017-42100158 |
| 31-12-2015 | full format | 14-07-2016 | 2016-30800136 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| GAVELA MOREDA José |
|
Owners and capital
Capital and shareholders
- 25-01-2024 Converted to unavailable equity · €6,205.32
- 25-01-2024 Converted to uncalled contributions
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
56.45%
According to the 2024 annual accounts of PFGE and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
25-01
Gazette deed
Appointment: GAVELA MOREDA José (director)Resignation: GAVELA MOREDA José (manager) · Permanent representative: GAVELA MOREDA José · Amendment of the articles14 facts ▸
- General meeting, 26-12-2023
- Amendment of the articles (2 times)
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital conversion, “compte de capitaux propres apports non appelés” (deed in French)
- Reserve release, “unanimité, compte de capitaux propres statutairement indisponible” (deed in French)
- Capital
- General meeting, “approbation nouveaux statuts, unanimité des voix” (deed in French)
- General meeting, “établir et signer coordination statuts conformément décision précédente, assurer dépôt au dossier société, unanimité des voix” (deed in French)
- Director appointment, GAVELA MOREDA José (director (not named in the articles))
- Director resignation, GAVELA MOREDA José (manager)
- Permanent representative, GAVELA MOREDA José (représentant permanent de la société)
- +2 further facts in this act
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21363B0324/00Y005 | Brussels | 129 m² | 1 · 115 m² | 17.9 m · 5 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’entreprise générale de pompes funèbres et autres cérémonies,la prévoyance funéraire et toutes les activités qui s'y rattachent et…” (deed in French)
2 activities (deed in French)
- L’entreprise générale de pompes funèbres et autres cérémonies,la prévoyance funéraire et toutes les activités qui s'y rattachent et notamment la location de corbillards,la livraison de cercueils,capes,croix,urnes et caetera,les prestations des porteurs,des chauffeurs,la fourniture de lettres de condoléances,les avis,les fleurs,en ce compris l'exploitation d'une cafétéria,ainsi que toutes les activités qui se rattachent aux activités ci-dessus.
- Elle peut effectuer toutes opérations généralement quelconques concernant les décorations funéraires et autres,ainsi que celles concernant l'art floral,l'architecture des monuments,les activités culturelles et toutes autres manifestations et solennités.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- PFGE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, pas de modification de langue des statuts selon règlementation linguistique” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 17. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec/sans limitation durée, un ou plusieurs administrateurs” (deed in French)“Rémunération administrateurs, frais généraux indépendamment frais représentation/voyages/déplacements” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of June at 11:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Comme en matière de modification des statuts, assemblée générale” (deed in French)“Formes prévues pour modifications aux statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)