PGA
ActivePGA has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €209k and a net result of €20k. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 35% of 2324 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▼-46
Solvency67▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity short (current ratio 0.85 against 0.99 in 2024; short-term debt: 55.3% and cash: 23.7% of total assets), and 58.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 86
Relative position
BE, all sectors
reference
Sector 86
lower
← 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
41.6%
Return on assets
4.1%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 8 filingsDeviation from the deadline
2025
27 d late
2024
27 d late
2023
14 d late
2022
23 d late
2021
17 d late
2020
13 d late
2019
14 d late
← before the deadline
after the deadline →
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
20-09-2026 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
€20k▼ 83.0%
2024 · €120k
2018: €66k
2019: €63k
2020: €55k
2021: €42k
2022: €-34k
2023: €32k
2024: €120k
2018 → 2025
Working capital
€-40k▼ 1,175%
2024 · €-3k
2018: €65k
2019: €-20k
2020: €129k
2021: €42k
2022: €8k
2023: €21k
2024: €-3k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€71k-€37k▼ 47.9%€69k▲ 85.4%€189k▲ 175%€209k▲ 10.8%
Operating result€161k-€77k▼ 52.0%€179k▲ 131%€231k▲ 29.3%€192k▼ 17.1%
Net result€42k-€-34k€32k€120k▲ 280%€20k▼ 83.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €503k
Fixed assets
€265k▲ 11.9%
Current assets
€238k▲ 6.4%
Equity and liabilities €503k
Equity
€209k▲ 10.8%
Debt
€294k▲ 8.1%
The debt ratio falls from 59.0% to 58.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€235k▼
2024 · €262k
Cash flow
€64k▼
2024 · €151k
Solvency
41.6%▲
2024 · 41.0%
Current ratio
0.85▼
2024 · 0.99
Quick ratio
0.85▼
2024 · 0.99
Debt / equity
1.40▼
2024 · 1.44
ROE
9.8%▼
2024 · 63.7%
ROA
4.1%▼
2024 · 26.1%
Interest coverage
1.53▼
2024 · 3.93
Debt
€294k▲
2024 · €272k
Debt ≤ 1 year
€278k▲
2024 · €226k
Debt > 1 year
€16k▼
2024 · €45k
Income taxes
€18k▼
2024 · €45k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€460k€503k▲
Fixed assets21/28€237k€265k▲
Intangible fixed assets21€64k€48k▼
Tangible fixed assets22/27€173k€217k▲
Land and buildings22€75k€75k=
Plant, machinery and equipment23€46k€103k▲
Furniture and vehicles24€52k€39k▼
Current assets29/58€223k€238k▲
Amounts receivable within one year40/41€2k€12k▲
Trade receivables40€2k-
Other amounts receivable41€16€12k▲
Cash at bank and in hand54/58€100k€119k▲
Deferred charges and accrued income490/1€121k€107k▼
Equity and liabilities
Total equity and liabilities10/49€460k€503k▲
Equity10/15€189k€209k▲
Contributions10/11€12k€12k=
Reserves13€176k€197k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€174k€195k▲
Amounts payable17/49€272k€294k▲
Amounts payable after more than one year17€45k€16k▼
Financial debts170/4€45k€16k▼
Amounts payable within one year42/48€226k€278k▲
Current portion of amounts payable after more than one year42€31k€31k▲
Trade debts44-€657
Suppliers440/4-€657
Taxes, remuneration and social security45€15k€15k▼
Taxes450/3€15k€15k▼
Other amounts payable47/48€181k€231k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€43k▲
Other operating charges640/8€400€615▲
Gross operating margin9900€263k€235k▼
Operating profit (loss)9901€231k€192k▼
Financial income75/76B€351€530▲
Recurring financial income75€351€530▲
Financial charges65/66B€67k€153k▲
Recurring financial charges65€67k€153k▲
Profit (loss) for the period before taxes9903€165k€39k▼
Income taxes67/77€45k€18k▼
Profit (loss) for the period9904€120k€20k▼
Profit (loss) for the period to be appropriated9905€120k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€86k€20k▼
Profit (loss) brought forward from the previous period14P€-34k-
Transfer to equity691/2€86k€20k▼
To other reserves6921€86k€20k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial
Equity above €200kEq €209k ▲10.8%
3 profitable years in a row build equity to €209k.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
31-12
Financial
Highest result since 2018net €120k ▲280%
Operating result €231k, net result €120k, both a record.
31-12
Financial
Equity above €150kEq €189k ▲175%
2 profitable years in a row build equity to €189k.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 14 days late
2023
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 23 days late
2022
31-12
Financial
Weakest financial yearnet €-34k ▼181%
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 17 days late
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 13 days late
2020
31-12
Financial
Liquidity times 7current ratio 5.50
Current ratio from 0.83 to 5.50; short-term debt falls from €113k to €29k.
31-12
Financial
Equity above €150kEq €155k ▲10.4%
3 profitable years in a row build equity to €155k.
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 14 days late
2019
31-12
Financial
Equity above €100kEq €141k ▲80.3%
2 profitable years in a row build equity to €141k.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Remicourt · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Momelette(MOM) 434350 RemicourtGround area
8,703 m²
Building footprint
140 m²
Volume, LiDAR
899 m³
Parcel 64050B0403/00D000, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PGA sprl
since 20182.275.056.311
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64050B0403/00D000 | Wallonia | 8,703 m² | 1 · 140 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2549002JBFRNUYH5ZO18
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Of 16,628 companies in sector 86220 we hold annual accounts for 7,973. 6,657 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-02-2018
Fiscal year end31-12
Activities, NACEBEL
86220Specialist medical practice
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.