PG TECH
ActiveSummary
The computed 12-month bankruptcy probability of PG TECH is 1.7% (moderate). The 2024 annual accounts show equity of €44,973 and a net result of -€5,962. Equity is growing by ~31% per year across the filed fiscal years. Its solvency ranks better than 24% of 36380 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability65▼-15
Solvency47▼-2
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 0.93 in 2023; short-term debt: 22.8% and cash: 6.9% of total assets), and 78.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 2024Solvency, return and age of the figures
Solvency
21.9%
Return on assets
-2.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 36380 sector peers (2024).
NBB · sector comparisonPosition among 36380 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
127 d late
2022
144 d late
2021
106 d late
2020
8 d early
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 81 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€351,977▲ 53.9%
2020 · €228,711
EBIT margin
1.7%▼ 1.5pp
2020 · 3.2%
Net result
-€5,962
2023 · €19,085
Working capital
€8,024
2023 · -€3,711
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€228,711▲ 84.7%€351,977▲ 53.9%
Operating result€7,354▲ 453%€6,107▼ 17.0%€17,948▲ 194%€29,408▲ 63.8%-€1,800
Net result€4,383▲ 636%€1,922▼ 56.1%€11,737▲ 511%€19,085▲ 62.6%-€5,962
EBIT margin3.2%▲ 2.1pp1.7%▼ 1.5pp
Equity€18,191▲ 31.7%€20,113▲ 10.6%€31,850▲ 58.4%€50,935▲ 59.9%€44,973▼ 11.7%
Total assets€322,196▲ 123%€246,119▼ 23.6%€205,645▼ 16.4%€215,149▲ 4.6%€205,082▼ 4.7%
Debt€304,006▲ 133%€226,006▼ 25.7%€173,795▼ 23.1%€164,214▼ 5.5%€160,109▼ 2.5%
Working capital-€43,859▲ 11.3%-€36,005▲ 17.9%-€22,088▲ 38.7%-€3,711▲ 83.2%€8,024
Staff (FTE)0.5
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €1,800 after €29,408 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €205,082
Fixed assets
€150,253 ▼ 10.1%
Current assets
€54,829 ▲ 14.2%
Equity and liabilities €205,082
Equity
€44,973 ▼ 11.7%
Debt
€160,109 ▼ 2.5%
Debt's share of the balance-sheet total rises from 76.3% to 78.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€24,193▼
2023 · €52,260
Cash flow
€20,031▼
2023 · €41,937
Current ratio
1.17▲
2023 · 0.93
Quick ratio
0.91▲
2023 · 0.69
Debt to equity
3.56▲
2023 · 3.22
ROE
-13.3%▼
2023 · 37.5%
ROA
-2.9%▼
2023 · 8.9%
Interest coverage
8.77▼
2023 · 15.44
Debt ≤ 1 year
€46,805▼
2023 · €51,718
Debt > 1 year
€113,304▲
2023 · €112,496
Income taxes
€2,385▼
2023 · €6,938
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,550 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 91% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
3.9%
went bankrupt
3.7%
stopped otherwise
91%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,058 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% | 1.6% |
| 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 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 1,550 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €228,711 | €351,977 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €310,173 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €9,207 | €7,043 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,333 | €24,282 | €23,828 | €22,852 | €25,993 | ▲ 13.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €12,206 | - |
| Other operating charges640/8 | - | €2,208 | €514 | €1,070 | €2,202 | ▲ 106% |
| Gross operating margin9900 | €28,836 | €41,804 | €49,333 | €53,331 | €38,600 | ▼ 27.6% |
| Operating profit (loss)9901 | €7,354 | €6,107 | €17,948 | €29,408 | -€1,800 | ▼ 106% |
| Financial income75/76B | - | €2 | €0 | - | €984 | - |
| Recurring financial income75 | €4 | €2 | €0 | - | €984 | - |
| Financial charges65/66B | - | €4,129 | €3,708 | €3,385 | €2,760 | ▼ 18.5% |
| Recurring financial charges65 | €2,276 | €4,129 | €3,708 | €3,385 | €2,760 | ▼ 18.5% |
| Profit (loss) for the period before taxes9903 | €5,083 | €1,980 | €14,240 | €26,023 | -€3,577 | ▼ 114% |
| Income taxes67/77 | €700 | €57 | €2,503 | €6,938 | €2,385 | ▼ 65.6% |
| Profit (loss) for the period9904 | €4,383 | €1,922 | €11,737 | €19,085 | -€5,962 | ▼ 131% |
| Profit (loss) for the period to be appropriated9905 | €4,383 | €1,922 | €11,737 | €19,085 | -€5,962 | ▼ 131% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €322,196 | €246,119 | €205,645 | €215,149 | €205,082 | ▼ 4.7% |
| Fixed assets21/28 | €196,163 | €179,792 | €166,434 | €167,142 | €150,253 | ▼ 10.1% |
| Intangible fixed assets21 | €40,662 | €34,572 | €28,482 | €22,060 | €16,000 | ▼ 27.5% |
| Tangible fixed assets22/27 | €155,501 | €145,220 | €137,952 | €145,082 | €134,253 | ▼ 7.5% |
| Land and buildings22 | - | €118,476 | €113,397 | €108,318 | €101,757 | ▼ 6.1% |
| Plant, machinery and equipment23 | - | €23,095 | €24,555 | €35,219 | €29,392 | ▼ 16.5% |
| Furniture and vehicles24 | - | €3,650 | €0 | €1,544 | €3,104 | ▲ 101% |
| Current assets29/58 | €126,033 | €66,327 | €39,211 | €48,007 | €54,829 | ▲ 14.2% |
| Stocks and contracts in progress3 | €19,600 | €12,745 | €12,325 | €12,325 | €12,325 | = |
| Stocks30/36 | - | €12,745 | €12,325 | €12,325 | €12,325 | = |
| Amounts receivable within one year40/41 | €3,303 | €52,178 | €24,535 | €32,782 | €28,454 | ▼ 13.2% |
| Trade receivables40 | - | €3,190 | €12,540 | €22,234 | €19,476 | ▼ 12.4% |
| Other amounts receivable41 | - | €48,988 | €11,995 | €10,548 | €8,978 | ▼ 14.9% |
| Cash at bank and in hand54/58 | €103,129 | €1,404 | €2,351 | €2,900 | €14,049 | ▲ 384% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €322,196 | €246,119 | €205,645 | €215,149 | €205,082 | ▼ 4.7% |
| Equity10/15 | €18,191 | €20,113 | €31,850 | €50,935 | €44,973 | ▼ 11.7% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | €5,791 | €7,713 | €19,450 | €38,535 | €32,573 | ▼ 15.5% |
| Amounts payable17/49 | €304,006 | €226,006 | €173,795 | €164,214 | €160,109 | ▼ 2.5% |
| Amounts payable after more than one year17 | €134,114 | €123,675 | €112,496 | €112,496 | €113,304 | ▲ 0.7% |
| Financial debts170/4 | - | €123,675 | €112,496 | - | €113,304 | - |
| Other amounts payable178/9 | - | - | - | €112,496 | - | - |
| Amounts payable within one year42/48 | €169,892 | €102,331 | €61,298 | €51,718 | €46,805 | ▼ 9.5% |
| Current portion of amounts payable after more than one year42 | - | €21,361 | €21,361 | €13,177 | €6,536 | ▼ 50.4% |
| Trade debts44 | €73,272 | €24,293 | €33,567 | €5,278 | €22,221 | ▲ 321% |
| Suppliers440/4 | - | €24,293 | €33,567 | €5,278 | €22,221 | ▲ 321% |
| Taxes, remuneration and social security45 | - | €56,678 | €6,371 | €12,583 | €11,966 | ▼ 4.9% |
| Taxes450/3 | - | €56,678 | €6,371 | €12,583 | €11,966 | ▼ 4.9% |
| Other amounts payable47/48 | - | - | - | €20,680 | €6,082 | ▼ 70.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,383 | €1,922 | €11,737 | €19,085 | -€5,962 | ▼ 131% |
| + Depreciation and write-downs630 | €21,333 | €24,282 | €23,828 | €22,852 | €25,993 | ▲ 13.7% |
| Operating cash flow (approximation) | €25,716 | €26,204 | €35,565 | €41,937 | €20,031 | ▼ 52.2% |
| Investment in fixed assets (approximation) | - | -€7,911 | -€10,470 | -€23,560 | -€9,104 | ▲ 61.4% |
| Change in cash | - | -€101,726 | €948 | €549 | €11,149 | ▲ 1,931% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet -€5,962
Net result drops to -€5,962, the lowest in the series.
05-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 127 days late
2023
31-12
Financial
Highest result since 2018net €19,085 ▲62.6%
Operating result €29,408, net result €19,085, both a record.
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 144 days late
2022
14-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 106 days late
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 86 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Perwez · 1 establishment unit since 2017
Ground area
1,131 m²
Building footprint
100 m²
Volume, LiDAR
738 m³
Parcel 25081A0513/00H000, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
PG TECH
since 20172.268.987.475
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25081A0513/00H000 | Wallonia | 1,131 m² | 1 · 100 m² | 9.1 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 22,831 companies in sector 43211 we hold annual accounts for 10,329. 8,463 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
Founded26-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
41001General construction of residential buildings
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
Contact
E-mail
pierre@gilliot.bePerwez
Phone
0477856324Perwez
E-invoicing
Reachable via Peppol
Peppol ID
0208:0681755788
Registered
25-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.