@PGBs
ActiveSummary
@PGBs has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €168,095 and a net result of €91,993. Equity is growing by ~79.3% per year across the filed fiscal years. Its solvency ranks better than 65% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency95▲+27
Growth52=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 3.37 against 1.73 in 2024; short-term debt: 29.6% and cash: 69% of total assets), and 29.6% of the assets are financed with debt.
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Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
70.4%
Return on assets
38.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 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 · 3 filingsDeviation from the deadline
2025
28 d late
2024
61 d late
2023
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 36 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€168,095▲ 121%
2024 · €76,102
Total assets
€238,928▲ 33.6%
2024 · €178,905
Net result
€91,993▲ 81.3%
2024 · €50,745
Working capital
€168,095▲ 123%
2024 · €75,541
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
Line202320242025
Operating result€115,087-€64,293▼ 44.1%€119,853▲ 86.4%
Net result€95,357-€50,745▼ 46.8%€91,993▲ 81.3%
Equity€47,357-€76,102▲ 60.7%€168,095▲ 121%
Total assets€128,875-€178,905▲ 38.8%€238,928▲ 33.6%
Debt€81,519-€102,803▲ 26.1%€70,833▼ 31.1%
Working capital€45,604-€75,541▲ 65.6%€168,095▲ 123%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 86% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €238,928
Equity
€168,095 ▲ 121%
Debt
€70,833 ▼ 31.1%
Debt's share of the balance-sheet total falls from 57.5% to 29.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€120,414▲
2024 · €65,484
Cash flow
€92,554▲
2024 · €51,936
Current ratio
3.37▲
2024 · 1.73
Debt to equity
0.42▼
2024 · 1.35
ROE
54.7%▼
2024 · 66.7%
ROA
38.5%▲
2024 · 28.4%
Interest coverage
52.16▲
2024 · 24.21
Debt ≤ 1 year
€70,833▼
2024 · €102,803
Income taxes
€28,507▲
2024 · €11,299
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,821 | €1,191 | €561 | ▼ 52.9% |
| Other operating charges640/8 | €1,419 | €451 | €168 | ▼ 62.7% |
| Gross operating margin9900 | €118,327 | €65,936 | €120,583 | ▲ 82.9% |
| Operating profit (loss)9901 | €115,087 | €64,293 | €119,853 | ▲ 86.4% |
| Financial income75/76B | €43 | €455 | €2,956 | ▲ 550% |
| Recurring financial income75 | €43 | €455 | €2,956 | ▲ 550% |
| Financial charges65/66B | €1,948 | €2,704 | €2,308 | ▼ 14.6% |
| Recurring financial charges65 | €1,948 | €2,704 | €2,308 | ▼ 14.6% |
| Profit (loss) for the period before taxes9903 | €113,182 | €62,044 | €120,501 | ▲ 94.2% |
| Income taxes67/77 | €17,826 | €11,299 | €28,507 | ▲ 152% |
| Profit (loss) for the period9904 | €95,357 | €50,745 | €91,993 | ▲ 81.3% |
| Profit (loss) for the period to be appropriated9905 | €95,357 | €50,745 | €91,993 | ▲ 81.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €128,875 | €178,905 | €238,928 | ▲ 33.6% |
| Fixed assets21/28 | €1,752 | €561 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €1,752 | €561 | €0 | ▼ 100% |
| Furniture and vehicles24 | €1,752 | €561 | €0 | ▼ 100% |
| Current assets29/58 | €127,123 | €178,344 | €238,928 | ▲ 34.0% |
| Amounts receivable within one year40/41 | €35,152 | €40,861 | €3,197 | ▼ 92.2% |
| Trade receivables40 | €18,150 | €17,034 | €2,137 | ▼ 87.5% |
| Other amounts receivable41 | €17,002 | €23,827 | €1,060 | ▼ 95.6% |
| Current investments50/53 | €19,998 | €19,998 | €69,998 | ▲ 250% |
| Cash at bank and in hand54/58 | €69,588 | €114,221 | €164,833 | ▲ 44.3% |
| Deferred charges and accrued income490/1 | €2,385 | €3,264 | €901 | ▼ 72.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €128,875 | €178,905 | €238,928 | ▲ 33.6% |
| Equity10/15 | €47,357 | €76,102 | €168,095 | ▲ 121% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €45,357 | €74,102 | €166,095 | ▲ 124% |
| Distributable reserves133 | €45,357 | €74,102 | €166,095 | ▲ 124% |
| Profit (loss) carried forward14 | - | - | €0 | - |
| Amounts payable17/49 | €81,519 | €102,803 | €70,833 | ▼ 31.1% |
| Amounts payable within one year42/48 | €81,519 | €102,803 | €70,833 | ▼ 31.1% |
| Trade debts44 | €1,494 | €1,572 | €10,944 | ▲ 596% |
| Suppliers440/4 | €1,494 | €1,572 | €10,944 | ▲ 596% |
| Advances received on contracts in progress46 | - | - | €199 | - |
| Taxes, remuneration and social security45 | €29,346 | €29,231 | €39,293 | ▲ 34.4% |
| Taxes450/3 | €29,346 | €29,231 | €39,293 | ▲ 34.4% |
| Other amounts payable47/48 | €50,679 | €72,000 | €20,397 | ▼ 71.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €95,357 | €50,745 | €91,993 | ▲ 81.3% |
| + Depreciation and write-downs630 | €1,821 | €1,191 | €561 | ▼ 52.9% |
| Operating cash flow (approximation) | €97,177 | €51,936 | €92,554 | ▲ 78.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €44,632 | €50,612 | ▲ 13.4% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Equity above €150,000Eq €168,095 ▲121%
3 profitable years in a row build equity to €168,095.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €50,745 ▼46.8%
Net result drops to €50,745, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 18 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, Oostende · 1 establishment unit since 2022
Ground area
835 m²
Building footprint
239 m²
Parcel 35013A1154/00R000, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
@PGBs
since 20222.332.902.062
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A1154/00R000 | Flanders | 835 m² | 1 · 238 m² | - |
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 82,642 companies in sector 70200 we hold annual accounts for 52,583. 40,692 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
Founded22-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.