PG Building Services
ActiveSummary
PG Building Services has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14,377 and a net result of -€2,824. Equity is shrinking by ~22.5% per year across the filed fiscal years. Its solvency ranks better than 71% of 9559 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability51▲+39
Solvency99▼-1
Growth32=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.08 in 2024; short-term debt: 26.1% and cash: 41.1% of total assets), and 26.1% of the assets are financed with debt.
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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
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
73.9%
Return on assets
-14.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year -€2,824
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 3 filingsDeviation from the deadline
2025
26 d late
2024
1 d early
2023
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 18 days after 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 26 August (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 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 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
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€14,377▼ 16.4%
2024 · €17,201
Total assets
€19,468▼ 15.4%
2024 · €23,021
Net result
-€2,824▲ 42.7%
2024 · -€4,928
Working capital
€3,096▲ 543%
2024 · €481
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
Line202320242025
Operating result€27,745--€4,782-€2,637▲ 44.9%
Net result€19,629within the sector's middle half--€4,928below the sector's middle half-€2,824below the sector's middle half▲ 42.7%
Equity€22,129below the sector's middle half-€17,201below the sector's middle half▼ 22.3%€14,377below the sector's middle half▼ 16.4%
Total assets€58,584below the sector's middle half-€23,021below the sector's middle half▼ 60.7%€19,468below the sector's middle half▼ 15.4%
Debt€36,455-€5,820▼ 84.0%€5,091▼ 12.5%
Working capital€2,212below the sector's middle half-€481below the sector's middle half▼ 78.2%€3,096below the sector's middle half▲ 543%
Solvency37.8%within the sector's middle half-74.7%within the sector's middle half▲ 36.9pp73.9%within the sector's middle half▼ 0.9pp
Current ratio1.06below the sector's middle half-1.08below the sector's middle half▲ 0.021.61within the sector's middle half▲ 0.53
Return on assets (ROA)33.5%above the sector's middle half--21.4%below the sector's middle half▼ 54.9pp-14.5%below the sector's middle half▲ 6.9pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,637 in 2025 against €4,782 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19,468
Fixed assets
€11,281 ▼ 32.5%
Current assets
€8,186 ▲ 29.9%
Equity and liabilities €19,468
Equity
€14,377 ▼ 16.4%
Debt
€5,091 ▼ 12.5%
Debt's share of the balance-sheet total rises from 25.3% to 26.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2,802▲
2024 · €205
Cash flow
€2,614▲
2024 · €60
Debt to equity
0.35▲
2024 · 0.34
ROE
-19.6%▲
2024 · -28.6%
Interest coverage
24.90▲
2024 · 1.41
Debt ≤ 1 year
€5,091▼
2024 · €5,820
Income taxes
€75▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,225 companies that looked in July 2024 the way this one looks now, 3.3% went bankrupt within 24 months and 88% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.3%
went bankrupt
8.7%
stopped otherwise
88%
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 0.8% 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 497,338 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% | 1.9% |
| 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 3,225 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,197 | €4,988 | €5,439 | ▲ 9.0% |
| Other operating charges640/8 | €171 | €180 | €284 | ▲ 57.6% |
| Gross operating margin9900 | €31,113 | €385 | €3,086 | ▲ 701% |
| Operating profit (loss)9901 | €27,745 | -€4,782 | -€2,637 | ▲ 44.9% |
| Financial income75/76B | €3 | €0 | - | - |
| Recurring financial income75 | €3 | €0 | - | - |
| Financial charges65/66B | €125 | €145 | €113 | ▼ 22.6% |
| Recurring financial charges65 | €125 | €145 | €113 | ▼ 22.6% |
| Profit (loss) for the period before taxes9903 | €27,623 | -€4,928 | -€2,749 | ▲ 44.2% |
| Income taxes67/77 | €7,994 | €0 | €75 | - |
| Profit (loss) for the period9904 | €19,629 | -€4,928 | -€2,824 | ▲ 42.7% |
| Profit (loss) for the period to be appropriated9905 | €19,629 | -€4,928 | -€2,824 | ▲ 42.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €58,584 | €23,021 | €19,468 | ▼ 15.4% |
| Fixed assets21/28 | €19,916 | €16,720 | €11,281 | ▼ 32.5% |
| Tangible fixed assets22/27 | €19,116 | €15,920 | €10,481 | ▼ 34.2% |
| Plant, machinery and equipment23 | €978 | €531 | €83 | ▼ 84.3% |
| Furniture and vehicles24 | €18,138 | €15,389 | €10,398 | ▼ 32.4% |
| Financial fixed assets28 | €800 | €800 | €800 | = |
| Current assets29/58 | €38,668 | €6,301 | €8,186 | ▲ 29.9% |
| Amounts receivable within one year40/41 | €19 | €546 | €0 | ▼ 100% |
| Trade receivables40 | €19 | €0 | - | - |
| Other amounts receivable41 | - | €546 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €38,437 | €5,575 | €7,995 | ▲ 43.4% |
| Deferred charges and accrued income490/1 | €211 | €180 | €191 | ▲ 6.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €58,584 | €23,021 | €19,468 | ▼ 15.4% |
| Equity10/15 | €22,129 | €17,201 | €14,377 | ▼ 16.4% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €19,629 | €19,629 | €19,629 | = |
| Distributable reserves133 | €19,629 | €19,629 | €19,629 | = |
| Profit (loss) carried forward14 | - | -€4,928 | -€7,752 | ▼ 57.3% |
| Amounts payable17/49 | €36,455 | €5,820 | €5,091 | ▼ 12.5% |
| Amounts payable within one year42/48 | €36,455 | €5,820 | €5,091 | ▼ 12.5% |
| Trade debts44 | €106 | €69 | €234 | ▲ 240% |
| Suppliers440/4 | €106 | €69 | €234 | ▲ 240% |
| Taxes, remuneration and social security45 | €10,568 | €0 | €149 | - |
| Taxes450/3 | €10,568 | €0 | €149 | - |
| Other amounts payable47/48 | €25,781 | €5,751 | €4,708 | ▼ 18.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,629 | -€4,928 | -€2,824 | ▲ 42.7% |
| + Depreciation and write-downs630 | €3,197 | €4,988 | €5,439 | ▲ 9.0% |
| Operating cash flow (approximation) | €22,826 | €60 | €2,614 | ▲ 4,260% |
| Investment in fixed assets (approximation) | - | -€1,791 | €0 | ▲ 100% |
| Change in cash | - | -€32,862 | €2,420 | ▲ 107% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€4,928
Net result drops to -€4,928, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
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, Deinze · 1 establishment unit since 2023
Ground area
559 m²
Building footprint
148 m²
Volume, LiDAR
628 m³
Parcel 44030B0373/00B002, Flanders · tallest building 9.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PG Building Services
since 20232.341.813.293
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44030B0373/00B002 | Flanders | 559 m² | 1 · 148 m² | 9.9 m · 1 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.
Similar companies · same sector, comparable size
SPECIMEN architects sprl
BE 0555.986.281
Namur · Eq €14,378
DBLV architecten
BE 0750.516.120
Gent · Eq €14,328
Architect Dimitri Vermeire
BE 0799.090.156
Wetteren · Eq €14,326
MUIS
BE 0835.494.058
Dendermonde · Eq €14,321
PIRE & GOOTS ARCHITECT/E
BE 0874.098.969
Brussel · Eq €14,306
Of 18,254 companies in sector 71111 we hold annual accounts for 6,321. 4,007 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
Founded16-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0798509938
Also
9925:BE0798509938
Registered
29-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.