PGBL
ActiveSummary
PGBL has the legal form “Partnership limited by shares” in the KBO; Checked does not compute a bankruptcy probability for it. The 2025 annual accounts show equity of €1.7m and a net result of €44,190. Equity is growing by about 27% per year across the filed financial years. The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€44,190▼ 94.4%
2024 · €785,577
Working capital
€1.6m▲ 2.0%
2024 · €1.6m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €3,615 in 2025 against €2,472 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.004m
2025
Net result€0.04m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.8m
2025
Equity€1.7m
2025
Debt€0.1m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.6m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.001m--€0.001m▲ 2.5%-€0.001m▼ 23.8%-€0.001m▲ 31.2%-€0.002m▼ 149%-€0.001m▲ 55.9%-€0.002m▼ 146%-€0.004m▼ 46.2%
Net result€0.05m-€0.06m▲ 5.0%€0.05m▼ 3.0%€0.03m▼ 48.2%-€0.01m€0.4m€0.8m▲ 87.2%€0.04m▼ 94.4%
Equity€0.3m-€0.3m▲ 19.4%€0.4m▲ 15.8%€0.4m▼ 11.0%€0.3m▼ 15.8%€0.8m▲ 161%€1.6m▲ 114%€1.7m▲ 2.0%
Total assets€0.3m-€0.4m▲ 16.6%€0.4m▲ 14.8%€0.4m▲ 7.5%€1.4m▲ 215%€1.4m▼ 0.7%€1.8m▲ 33.8%€1.8m▲ 0.3%
Debt€0.02m-€0.01m▼ 34.2%€0.008m▼ 17.9%€0.08m▲ 877%€1.1m▲ 13×€0.6m▼ 45.3%€0.2m▼ 71.6%€0.1m▼ 16.3%
Working capital€0.3m-€0.3m▲ 21.8%€0.4m▲ 17.3%€0.3m▼ 12.0%€0.3m▼ 12.2%€0.7m▲ 163%€1.6m▲ 118%€1.6m▲ 2.0%
Why a figure moved sharply
- 2025 Net result -94% on 2024. The accounts now follow the full format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€30,750 =
Current assets
€1.8m ▲ 0.3%
Equity and liabilities €1.8m
Equity
€1.7m ▲ 2.0%
Debt
€138,974 ▼ 16.3%
Debt's share of the balance-sheet total falls from 9.2% to 7.6%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
12.87▲
2024 · 10.74
Debt to equity
0.08▼
2024 · 0.10
ROE
2.6%▼
2024 · 47.7%
ROA
2.4%▼
2024 · 43.3%
Debt ≤ 1 year
€138,974▼
2024 · €166,012
Income taxes
€4,499▼
2024 · €78,558
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €468 | €1,417 | €322 | €1,783 | - | - |
| Gross operating margin9900 | -€753 | -€725 | -€862 | -€446 | -€855 | -€681 | -€689 | -€3,615 | ▼ 425% |
| Operating profit (loss)9901 | -€1,101 | -€1,073 | -€1,328 | -€914 | -€2,272 | -€1,003 | -€2,472 | -€3,615 | ▼ 46.2% |
| Financial income75/76B | - | - | - | €35,348 | €9,608 | €504,612 | €903,956 | €52,809 | ▼ 94.2% |
| Recurring financial income75 | €62,002 | €66,490 | €63,581 | €35,348 | €9,608 | €504,612 | €903,956 | €52,809 | ▼ 94.2% |
| Financial charges65/66B | - | - | - | €36 | €17,224 | €43,079 | €37,349 | €505 | ▼ 98.6% |
| Recurring financial charges65 | €9 | -€36 | - | €36 | €17,224 | €43,079 | €37,349 | €505 | ▼ 98.6% |
| Profit (loss) for the period before taxes9903 | €60,892 | €65,453 | €62,253 | €34,398 | -€9,888 | €460,530 | €864,135 | €48,689 | ▼ 94.4% |
| Income taxes67/77 | €8,184 | €10,097 | €8,547 | €6,581 | €4 | €40,987 | €78,558 | €4,499 | ▼ 94.3% |
| Profit (loss) for the period9904 | €52,708 | €55,356 | €53,706 | €27,817 | -€9,892 | €419,543 | €785,577 | €44,190 | ▼ 94.4% |
| Profit (loss) for the period to be appropriated9905 | €52,708 | €55,356 | €53,706 | €27,817 | -€9,892 | €419,543 | €785,577 | €44,190 | ▼ 94.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.3m | €0.4m | €0.4m | €0.4m | €1.4m | €1.4m | €1.8m | €1.8m | ▲ 0.3% |
| Fixed assets21/28 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Financial fixed assets28 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Current assets29/58 | €0.3m | €0.3m | €0.4m | €0.4m | €1.3m | €1.3m | €1.8m | €1.8m | ▲ 0.3% |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.4m | €0.4m | - | - | €0.3m | €0.3m | ▼ 16.1% |
| Other amounts receivable41 | - | - | - | €0.4m | - | - | €0.3m | €0.3m | ▼ 16.1% |
| Current investments50/53 | - | - | - | - | €0.9m | €1.3m | €1.5m | €1.5m | ▲ 3.9% |
| Cash at bank and in hand54/58 | €0.007m | €0.006m | €0.004m | €0.001m | €0.4m | €0.004m | €0.009m | €0.006m | ▼ 36.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.004m | €0.006m | €0.009m | ▲ 50.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.3m | €0.4m | €0.4m | €0.4m | €1.4m | €1.4m | €1.8m | €1.8m | ▲ 0.3% |
| Equity10/15 | €0.3m | €0.3m | €0.4m | €0.4m | €0.3m | €0.8m | €1.6m | €1.7m | ▲ 2.0% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Revaluation surpluses12 | - | - | - | - | - | €0.1m | €0.2m | €0.3m | ▲ 17.8% |
| Reserves13 | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | €0.6m | €1.3m | €1.3m | ▼ 0.8% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.3m | €0.2m | €0.6m | €1.3m | €1.3m | ▼ 0.8% |
| Profit (loss) carried forward14 | €126 | €132 | €213 | €220 | -€0.01m | - | - | - | - |
| Amounts payable17/49 | €0.02m | €0.01m | €0.008m | €0.08m | €1.1m | €0.6m | €0.2m | €0.1m | ▼ 16.3% |
| Amounts payable within one year42/48 | €0.02m | €0.01m | €0.008m | €0.08m | €1.1m | €0.6m | €0.2m | €0.1m | ▼ 16.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.007m | €0.04m | €0.1m | €0.08m | ▼ 27.8% |
| Taxes450/3 | - | - | - | €0.01m | €0.007m | €0.04m | €0.1m | €0.08m | ▼ 27.8% |
| Other amounts payable47/48 | - | - | - | €0.07m | €1.0m | €0.5m | €0.05m | €0.06m | ▲ 8.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.02m | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,708 | €55,356 | €53,706 | €27,817 | -€9,892 | €419,543 | €785,577 | €44,190 | ▼ 94.4% |
| Operating cash flow (approximation) | €52,708 | €55,356 | €53,706 | €27,817 | -€9,892 | €419,543 | €785,577 | €44,190 | ▼ 94.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€958 | -€1,712 | -€2,950 | €416,846 | -€414,180 | €5,536 | -€3,360 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 15-07-2026 | 2026-00301319 |
| 31-12-2024 | abbreviated format | 18-06-2025 | 2025-00165610 |
| 31-12-2023 | abbreviated format | 18-06-2024 | 2024-00142848 |
| 31-12-2022 | abbreviated format | 24-07-2023 | 2023-00274646 |
| 31-12-2021 | abbreviated format | 30-08-2022 | 2022-20393620 |
| 31-12-2020 | abbreviated format | 16-08-2021 | 2021-49500327 |
| 31-12-2019 | abbreviated format | 12-06-2020 | 2020-16700108 |
| 31-12-2018 | abbreviated format | 16-07-2019 | 2019-35200552 |
| 31-12-2017 | abbreviated format | 21-07-2018 | 2018-37100176 |
| 31-12-2016 | abbreviated format | 23-08-2017 | 2017-47400227 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.