Equity
€183,656 ▲ 13.0%
PG PROJECT has made a profit without a break since 2018.
PG PROJECT
Lifetime
18 annual accounts with figures on one time axispeak €85,892 (2024)
€18,208▼ 78.8%
lowest -€7,585 (2012)
€21,110▼ 56.8%
peak €183,656 (2025)
€183,656▲ 13.0%
€43,786▼ 20.3%
Board1 name since 2008
1 directorMues Patrick
Documentsfilings and deeds
21-09-202652 days late
2025micro format
Gross margin from €85,892 to €18,208Result from €48,918 to €21,110Equity from €162,546 to €183,656Debts from €54,933 to €43,786Cash from €9,616 to €3,048
Key points
from the 2025 annual accountsFilings
18 annual accounts since 2008
Nine of the last ten came late. The 2021 accounts came latest: 562 days after the end of the period.
Position in the sector
80.7%
Higher solvency than 85% of companies in fabricated metal products. Sector median 44.2% · 2,343 companies.
Checked score
66
Healthy
Financially stronger than 54% of micro companies in fabricated metal products (NACE 25)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,710 companies (NACE 25, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%
01-2025: 1.1%▼ -0.1 percentage points vs 12-2024
02-2025: 1.2%▲ +0.1 percentage points vs 01-2025
03-2025: 1.2%● unchanged vs 02-2025
04-2025: 1.2%● unchanged vs 03-2025
05-2025: 1.1%▼ -0.1 percentage points vs 04-2025
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 1.3%▲ +0.2 percentage points vs 06-2025
08-2025: 1.7%▲ +0.4 percentage points vs 07-2025
09-2025: 1.9%▲ +0.2 percentage points vs 08-2025
10-2025: 2.3%▲ +0.4 percentage points vs 09-2025highest value
11-2025: 0.8%▼ -1.5 percentage points vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025lowest value
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.3 percentage points vs 07-2026
09-2026: 1.3%▲ +0.2 percentage points vs 08-2026
10-2026: 1.1%▼ -0.2 percentage points vs 09-2026
11-2026: 1.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 52 days late; 3 of the last 3 accounts late
Size: total assets €227,442
Liquidity: current ratio 5.19, cash €3,048, halved
lowers risk
Founded in 2008
Calculation
The band follows from the bankruptcy probability. 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 25, micro). It does better than 90% of them on solvency, 36% on liquidity, 29% on profitability and 63% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as PG PROJECT has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of PG PROJECT itself is higher: 1.1% within 12 months. It rests on far more data about PG PROJECT than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for PG PROJECT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €12,000 on 30-day terms, only on tighter conditions: historical bankruptcy publications
Liquidity is ample, with a current ratio of 5.19 (3.96 in 2024), above the usual 1.5. Short-term debt is 19.3% and cash 1.3% of total assets. 19.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · 2025 accounts filed 52 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
52 days late
2024
60 days late
2023
58 days late
2022
197 days late
2021
562 days late
2020
31 days late
2019
87 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 150 days after the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 September (4 of the last 5 accounts filed within 137 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0895562495
Bankruptcy reversal
Enterprise Court of Antwerp, Hasselt division · judgment of 01-02-2024 · Bankruptcy
Bankruptcy published
Enterprise Court of Antwerp, Hasselt division · judgment of 23-11-2023 · Bankruptcy
Bankruptcy reversal
Enterprise Court of Antwerp, Hasselt division · judgment of 24-11-2022 · Bankruptcy
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PG PROJECT Halen | €227,442 | €18,208 | 80.7% | - |
| Inox Ceyssens Kinrooi | €244,505 | €18,991 | 96.3% | - |
| De Rycke Construction métallique sprl Péruwelz | €222,848 | €14,861 | 8.8% | - |
| DE DECKER GABRIEL Tielt | €216,500 | €17,334 | 82.5% | - |
| D.V. SERVICES Evergem | €298,178 | €18,516 | 32.7% | - |
| Novawise Houthalen-Helchteren | €177,623 | €23,266 | 50.2% | - |
| STINAL Bocholt | €279,172 | €25,777 | 22.0% | - |
These companies have the same main activity as PG PROJECT: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €178,000 and €298,000, founded between 2004 and 2012.
Official details
Source: KBO- Status
- Active since 07-02-2008Normal situation
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110and 1 other
- Establishment unit
- 2.169.000.7663545 Halen, since 07-02-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Insights on PG PROJECT
PG PROJECT files the micro format. That format states no turnover. The gross margin rose from €1,519 in 2008 to €18,208 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PG PROJECT
- What is the company number of PG PROJECT?
- The company number of PG PROJECT is 0895.562.495. The VAT number is the same number with BE in front: BE 0895.562.495.
- Where is PG PROJECT based?
- The registered office is at Bloemendaalstraat 194, 3545 Halen.Company details
- What does PG PROJECT do?
- According to the KBO register, the main activity is manufacture of metal structures and parts of structures (NACE 25110).
- What is the legal form of PG PROJECT?
- PG PROJECT is a private limited company (pre-2019) (BVBA).
- When was PG PROJECT founded?
- PG PROJECT was founded on 07-02-2008.
- Is PG PROJECT still active?
- Yes, PG PROJECT is an active enterprise in the KBO register.
- What is the turnover of PG PROJECT?
- The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €18,208 and 35 comparable companies (NACE 25). It probably lies between €52,000 and €240,000. It is a rough estimate.Financials
- Is PG PROJECT profitable?
- In financial year 2025, PG PROJECT made a profit of €21,110.
- Where can I find the annual accounts of PG PROJECT?
- PG PROJECT filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PG PROJECT due?
- PG PROJECT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.