PG²
ActiveSummary
PG² has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €878,038 and a net result of €210,505. Equity is growing by ~29.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability94▲+8
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 18.96 against 10.49 in 2023; short-term debt: 5.3% and cash: 2.8% of total assets), and 5.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
94.7%
Return on assets
22.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
45 d early
2024
25 d late
2023
15 d early
2022
22 d late
2021
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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. Usually files around 27 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 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 check What should you check before you do business with this company?Supplier due diligence 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 What changed in the latest annual accounts?What changed
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Financials · fiscal year 2024, abbreviated schema
Equity
€878,038▲ 31.5%
2023 · €667,533
Total assets
€926,915▲ 25.6%
2023 · €737,893
Net result
€210,505▲ 47.4%
2023 · €142,820
Working capital
€878,038▲ 31.5%
2023 · €667,533
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€530,085-€157,039▼ 70.4%€192,239▲ 22.4%€277,912▲ 44.6%
Net result€397,495above the sector's middle half-€122,218within the sector's middle half▼ 69.3%€142,820above the sector's middle half▲ 16.9%€210,505above the sector's middle half▲ 47.4%
Equity€402,495above the sector's middle half-€524,713within the sector's middle half▲ 30.4%€667,533within the sector's middle half▲ 27.2%€878,038above the sector's middle half▲ 31.5%
Total assets€586,508above the sector's middle half-€694,336within the sector's middle half▲ 18.4%€737,893within the sector's middle half▲ 6.3%€926,915within the sector's middle half▲ 25.6%
Debt€184,013-€169,623▼ 7.8%€70,360▼ 58.5%€48,877▼ 30.5%
Working capital€402,495above the sector's middle half-€524,713above the sector's middle half▲ 30.4%€667,533above the sector's middle half▲ 27.2%€878,038above the sector's middle half▲ 31.5%
Solvency68.6%within the sector's middle half-75.6%above the sector's middle half▲ 6.9pp90.5%above the sector's middle half▲ 14.9pp94.7%above the sector's middle half▲ 4.3pp
Current ratio3.19within the sector's middle half-4.09above the sector's middle half▲ 0.9110.49above the sector's middle half▲ 6.3918.96above the sector's middle half▲ 8.48
Return on assets (ROA)67.8%above the sector's middle half-17.6%above the sector's middle half▼ 50.2pp19.4%above the sector's middle half▲ 1.8pp22.7%above the sector's middle half▲ 3.4pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Net result -69% on 2021. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 45% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €926,915
Equity
€878,038 ▲ 31.5%
Debt
€48,877 ▼ 30.5%
Debt's share of the balance-sheet total falls from 9.5% to 5.3%. Equity is higher and debt is lower.
Key figures and ratios
Quick ratio
14.67▲
2023 · 7.50
Debt to equity
0.06▼
2023 · 0.11
ROE
24.0%▲
2023 · 21.4%
Debt ≤ 1 year
€48,877▼
2023 · €70,360
Income taxes
€72,271▲
2023 · €49,105
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,778 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 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% | 1.7% |
| 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 75% 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 6,778 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 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | €62 | €287 | €9,296 | €674 | ▼ 92.7% |
| Gross operating margin9900 | €530,147 | €157,326 | €201,536 | €278,587 | ▲ 38.2% |
| Operating profit (loss)9901 | €530,085 | €157,039 | €192,239 | €277,912 | ▲ 44.6% |
| Financial income75/76B | - | - | - | €5,018 | - |
| Recurring financial income75 | - | - | - | €5,018 | - |
| Financial charges65/66B | €91 | €748 | €315 | €154 | ▼ 51.2% |
| Recurring financial charges65 | €91 | €748 | €315 | €154 | ▼ 51.2% |
| Profit (loss) for the period before taxes9903 | €529,994 | €156,290 | €191,925 | €282,776 | ▲ 47.3% |
| Income taxes67/77 | €132,498 | €34,073 | €49,105 | €72,271 | ▲ 47.2% |
| Profit (loss) for the period9904 | €397,495 | €122,218 | €142,820 | €210,505 | ▲ 47.4% |
| Profit (loss) for the period to be appropriated9905 | €397,495 | €122,218 | €142,820 | €210,505 | ▲ 47.4% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €586,508 | €694,336 | €737,893 | €926,915 | ▲ 25.6% |
| Current assets29/58 | €586,508 | €694,336 | €737,893 | €926,915 | ▲ 25.6% |
| Stocks and contracts in progress3 | - | - | €210,000 | €210,000 | = |
| Stocks30/36 | - | - | €210,000 | €210,000 | = |
| Amounts receivable within one year40/41 | €145,163 | €138,740 | €168,245 | €290,546 | ▲ 72.7% |
| Trade receivables40 | €145,163 | €138,740 | €166,147 | €276,588 | ▲ 66.5% |
| Other amounts receivable41 | - | - | €2,098 | €13,958 | ▲ 565% |
| Current investments50/53 | - | - | €250,000 | €400,111 | ▲ 60.0% |
| Cash at bank and in hand54/58 | €441,345 | €555,596 | €109,648 | €26,258 | ▼ 76.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €586,508 | €694,336 | €737,893 | €926,915 | ▲ 25.6% |
| Equity10/15 | €402,495 | €524,713 | €667,533 | €878,038 | ▲ 31.5% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €397,495 | €519,713 | €662,533 | €873,038 | ▲ 31.8% |
| Distributable reserves133 | €397,495 | €519,713 | €662,533 | €873,038 | ▲ 31.8% |
| Amounts payable17/49 | €184,013 | €169,623 | €70,360 | €48,877 | ▼ 30.5% |
| Amounts payable within one year42/48 | €184,013 | €169,623 | €70,360 | €48,877 | ▼ 30.5% |
| Trade debts44 | €18,207 | - | €13,250 | €13,052 | ▼ 1.5% |
| Suppliers440/4 | €18,207 | - | €13,250 | €13,052 | ▼ 1.5% |
| Taxes, remuneration and social security45 | €165,806 | €169,623 | €57,110 | €35,454 | ▼ 37.9% |
| Taxes450/3 | €165,806 | €169,623 | €57,110 | €35,454 | ▼ 37.9% |
| Other amounts payable47/48 | - | - | - | €371 | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €397,495 | €122,218 | €142,820 | €210,505 | ▲ 47.4% |
| Operating cash flow (approximation) | €397,495 | €122,218 | €142,820 | €210,505 | ▲ 47.4% |
| Change in cash | - | €114,251 | -€445,949 | -€83,389 | ▲ 81.3% |
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
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity triplescurrent ratio 10.49
Current ratio from 4.09 to 10.49; short-term debt falls from €169,623 to €70,360.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 22 days late
2022
31-12
Financial
Weakest financial yearnet €122,218 ▼69.3%
Net result drops to €122,218, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €500,000Eq €524,713 ▲30.4%
2 profitable years in a row build equity to €524,713.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Bilzen-Hoeselt · 1 establishment unit since 2020
Ground area
997 m²
Building footprint
399 m²
Volume, LiDAR
2,306 m³
Parcel 73047A0414/00C002, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
PG²
since 20202.301.888.687
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73047A0414/00C002 | Flanders | 997 m² | 1 · 399 m² | 11.4 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.
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Of 1,758 companies in sector 71122 we hold annual accounts for 771. 408 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
Founded07-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
71122Land surveying
74999Other professional, scientific and technical activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0746735001
Registered
10-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.