PG SERVICES
ActiveSummary
PG SERVICES has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.60M and a net result of €238k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 82% of 1034 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-1
Solvency100▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 4.14 against 3.19 in 2024; short-term debt: 15.2% and cash: 40.6% of total assets), and 24.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% 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
75.5%
Return on assets
11.2%
Age of the figures
9 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 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
15 d early
2023
23 d early
2022
20 d early
2021
10 d early
2020
70 d early
2019
10 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€238k▼ 6.9%
2024 · €256k
2018: €97klowest in 8 years
2019: €242k▲ +150% vs 2018
2020: €210k▼ -13.2% vs 2019
2021: €243k▲ +15.7% vs 2020
2022: €295k▲ +21.2% vs 2021
2023: €394k▲ +33.5% vs 2022highest in 8 years
2024: €256k▼ -35.0% vs 2023
2025: €238k▼ -6.9% vs 2024
2018 → 2025
Working capital
€1.02M▲ 13.5%
2024 · €895k
2018: €527klowest in 8 years
2019: €794k▲ +50.6% vs 2018
2020: €536k▼ -32.5% vs 2019
2021: €640k▲ +19.4% vs 2020
2022: €736k▲ +15.1% vs 2021
2023: €861k▲ +17.0% vs 2022
2024: €895k▲ +3.9% vs 2023
2025: €1.02M▲ +13.5% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€969k-€1.12M▲ 15.2%€1.31M▲ 17.6%€1.44M▲ 9.7%€1.60M▲ 11.3%
2021: €969klowest in 5 years
2022: €1.12M▲ +15.2% vs 2021
2023: €1.31M▲ +17.6% vs 2022
2024: €1.44M▲ +9.7% vs 2023
2025: €1.60M▲ +11.3% vs 2024highest in 5 years
Operating result€331k-€404k▲ 22.2%€528k▲ 30.5%€344k▼ 34.9%€289k▼ 16.0%
2021: €331k
2022: €404k▲ +22.2% vs 2021
2023: €528k▲ +30.5% vs 2022highest in 5 years
2024: €344k▼ -34.9% vs 2023
2025: €289k▼ -16.0% vs 2024lowest in 5 years
Net result€243k-€295k▲ 21.2%€394k▲ 33.5%€256k▼ 35.0%€238k▼ 6.9%
2021: €243k
2022: €295k▲ +21.2% vs 2021
2023: €394k▲ +33.5% vs 2022highest in 5 years
2024: €256k▼ -35.0% vs 2023
2025: €238k▼ -6.9% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 16% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.12M
Fixed assets
€785k ▼ 2.8%
Current assets
€1.34M ▲ 2.7%
Equity and liabilities €2.12M
Equity
€1.60M ▲ 11.3%
Debt
€520k ▼ 22.5%
Debt's share of the balance-sheet total falls from 31.8% to 24.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€367k▼
2024 · €411k
Cash flow
€316k▼
2024 · €323k
Current ratio
4.14▲
2024 · 3.19
Quick ratio
4.00▲
2024 · 3.11
Debt to equity
0.32▼
2024 · 0.47
ROE
14.8%▼
2024 · 17.8%
ROA
11.2%▼
2024 · 12.1%
Interest coverage
142.59▲
2024 · 131.01
Debt ≤ 1 year
€323k▼
2024 · €409k
Debt > 1 year
€195k▼
2024 · €260k
Income taxes
€75k▼
2024 · €89k
Staff costs
€326k▲
2024 · €302k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.11M€2.12M▲
Fixed assets21/28€808k€785k▼
Tangible fixed assets22/27€808k€785k▼
Land and buildings22€636k€602k▼
Plant, machinery and equipment23€150k€156k▲
Furniture and vehicles24€22k€27k▲
Financial fixed assets28€135€135=
Current assets29/58€1.30M€1.34M▲
Stocks and contracts in progress3€33k€46k▲
Stocks30/36€33k€46k▲
Amounts receivable within one year40/41€294k€419k▲
Trade receivables40€262k€417k▲
Other amounts receivable41€32k€2k▼
Current investments50/53€200k-
Cash at bank and in hand54/58€768k€862k▲
Deferred charges and accrued income490/1€9k€12k▲
Equity and liabilities
Total equity and liabilities10/49€2.11M€2.12M▲
Equity10/15€1.44M€1.60M▲
Contributions10/11€19k€19k=
Reserves13€1.42M€1.54M▲
Distributable reserves133€1.42M€1.54M▲
Investment grants15-€44k
Amounts payable17/49€671k€520k▼
Amounts payable after more than one year17€260k€195k▼
Financial debts170/4€260k€195k▼
Amounts payable within one year42/48€409k€323k▼
Current portion of amounts payable after more than one year42€65k€65k=
Trade debts44€110k€81k▼
Suppliers440/4€110k€81k▼
Advances received on contracts in progress46€49k-
Taxes, remuneration and social security45€58k€58k▲
Taxes450/3€4k€27k▲
Remuneration and social security454/9€54k€31k▼
Other amounts payable47/48€128k€119k▼
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Remuneration, social security and pensions62€302k€326k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€78k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€57k
Other operating charges640/8€15k€16k▲
Gross operating margin9900€728k€766k▲
Operating profit (loss)9901€344k€289k▼
Financial income75/76B€5k€27k▲
Recurring financial income75€5k€27k▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€345k€313k▼
Income taxes67/77€89k€75k▼
Profit (loss) for the period9904€256k€238k▼
Profit (loss) for the period to be appropriated9905€256k€238k▼
Appropriation of the result
Profit (loss) to be appropriated9906€256k€238k▼
Transfer from equity791/2€64k€40k▼
Transfer to equity691/2€192k€159k▼
To other reserves6921€192k€159k▼
Profit to be distributed694/7€128k€119k▼
Return on contributions (dividend)694€128k€119k▼
Social balance
Average headcount (FTE)90875.05.5▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €239k | €299k | €257k | €302k | €326k | ▲ 8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56k | €72k | €53k | €67k | €78k | ▲ 16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €4k | €5k | €7k | - | €57k | - |
| Other operating charges640/8 | €13k | €14k | €14k | €15k | €16k | ▲ 8.9% |
| Gross operating margin9900 | €644k | €793k | €859k | €728k | €766k | ▲ 5.3% |
| Operating profit (loss)9901 | €331k | €404k | €528k | €344k | €289k | ▼ 16.0% |
| Financial income75/76B | €3k | €0 | €4k | €5k | €27k | ▲ 450% |
| Recurring financial income75 | €3k | €0 | €4k | €5k | €27k | ▲ 450% |
| Financial charges65/66B | €7k | €6k | €3k | €3k | €3k | ▼ 17.9% |
| Recurring financial charges65 | €7k | €6k | €3k | €3k | €3k | ▼ 17.9% |
| Profit (loss) for the period before taxes9903 | €327k | €399k | €528k | €345k | €313k | ▼ 9.4% |
| Income taxes67/77 | €83k | €104k | €135k | €89k | €75k | ▼ 16.4% |
| Profit (loss) for the period9904 | €243k | €295k | €394k | €256k | €238k | ▼ 6.9% |
| Profit (loss) for the period to be appropriated9905 | €243k | €295k | €394k | €256k | €238k | ▼ 6.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.82M | €1.93M | €2.12M | €2.11M | €2.12M | ▲ 0.6% |
| Fixed assets21/28 | €800k | €770k | €777k | €808k | €785k | ▼ 2.8% |
| Tangible fixed assets22/27 | €800k | €770k | €777k | €808k | €785k | ▼ 2.8% |
| Land and buildings22 | €752k | €704k | €670k | €636k | €602k | ▼ 5.3% |
| Plant, machinery and equipment23 | €20k | €47k | €93k | €150k | €156k | ▲ 3.8% |
| Furniture and vehicles24 | €28k | €20k | €14k | €22k | €27k | ▲ 24.4% |
| Other tangible fixed assets26 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €1.02M | €1.16M | €1.35M | €1.30M | €1.34M | ▲ 2.7% |
| Stocks and contracts in progress3 | €25k | €27k | €32k | €33k | €46k | ▲ 39.6% |
| Stocks30/36 | €25k | €27k | €32k | €33k | €46k | ▲ 39.6% |
| Amounts receivable within one year40/41 | €492k | €276k | €475k | €294k | €419k | ▲ 42.7% |
| Trade receivables40 | €492k | €258k | €474k | €262k | €417k | ▲ 59.3% |
| Other amounts receivable41 | €0 | €17k | €2k | €32k | €2k | ▼ 93.1% |
| Current investments50/53 | - | - | - | €200k | - | - |
| Cash at bank and in hand54/58 | €504k | €853k | €829k | €768k | €862k | ▲ 12.2% |
| Deferred charges and accrued income490/1 | €1k | €8k | €10k | €9k | €12k | ▲ 32.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.82M | €1.93M | €2.12M | €2.11M | €2.12M | ▲ 0.6% |
| Equity10/15 | €969k | €1.12M | €1.31M | €1.44M | €1.60M | ▲ 11.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €950k | €1.10M | €1.29M | €1.42M | €1.54M | ▲ 8.4% |
| Non-distributable reserves130/1 | €22k | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €22k | €0 | - | - | - | - |
| Distributable reserves133 | €928k | €1.10M | €1.29M | €1.42M | €1.54M | ▲ 8.4% |
| Investment grants15 | €0 | - | - | - | €44k | - |
| Amounts payable17/49 | €853k | €817k | €811k | €671k | €520k | ▼ 22.5% |
| Amounts payable after more than one year17 | €471k | €390k | €325k | €260k | €195k | ▼ 25.0% |
| Financial debts170/4 | €471k | €390k | €325k | €260k | €195k | ▼ 25.0% |
| Amounts payable within one year42/48 | €382k | €427k | €486k | €409k | €323k | ▼ 21.0% |
| Current portion of amounts payable after more than one year42 | €65k | €65k | €65k | €65k | €65k | = |
| Financial debts43 | €23k | €0 | - | - | - | - |
| Credit institutions430/8 | €23k | €0 | - | - | - | - |
| Trade debts44 | €104k | €116k | €174k | €110k | €81k | ▼ 26.3% |
| Suppliers440/4 | €104k | €116k | €174k | €110k | €81k | ▼ 26.3% |
| Advances received on contracts in progress46 | - | €64k | €0 | €49k | - | - |
| Taxes, remuneration and social security45 | €67k | €34k | €50k | €58k | €58k | ▲ 0.6% |
| Taxes450/3 | €37k | €9k | €20k | €4k | €27k | ▲ 634% |
| Remuneration and social security454/9 | €30k | €25k | €30k | €54k | €31k | ▼ 41.8% |
| Other amounts payable47/48 | €122k | €148k | €197k | €128k | €119k | ▼ 6.9% |
| Accrued charges and deferred income492/3 | €25 | €0 | - | €2k | €2k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €243k | €295k | €394k | €256k | €238k | ▼ 6.9% |
| + Depreciation and write-downs630 | €56k | €72k | €53k | €67k | €78k | ▲ 16.4% |
| Operating cash flow (approximation) | €300k | €367k | €447k | €323k | €316k | ▼ 2.1% |
| Investment in fixed assets (approximation) | - | €-41k | €-60k | €-98k | €-55k | ▲ 43.5% |
| Change in cash | - | €349k | €-23k | €-61k | €94k | ▲ 254% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €394k ▲33.5%
Operating result €528k, net result €394k, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €1MEq €1.12M ▲15.2%
5 profitable years in a row build equity to €1.12M.
20-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
19-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
20-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Awans · 1 establishment unit since 2006
Ground area
617 m²
Building footprint
560 m²
Volume, LiDAR
4,247 m³
Parcel 62006B1059/00M002, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Rue de la Station 72, 4340 Awans
since 20062.156.053.642
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62006B1059/00M002 | Wallonia | 617 m² | 1 · 560 m² | 9.8 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
5493004WFH6MDCIWJP97
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Of 3,464 companies in sector 25530 we hold annual accounts for 1,655. 979 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
Founded11-09-2006
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
33120Repair and maintenance of machinery
27110Manufacture of electrical equipment
46643Wholesale of electrical equipment, including installation materials
46649Wholesale of other machinery and equipment
71121Engineering and related technical consultancy, excluding land surveyors
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.