Equity
€168,095 ▲ 121%
Equity rose in 2025 from €76,102 to €168,095.
@PGBs
Overview
Lifetime
3 annual accounts with figures on one time axispeak €120,583 (2025)
€120,583▲ 82.9%
peak €95,357 (2023)
€91,993▲ 81.3%
peak €168,095 (2025)
€168,095▲ 121%
€70,833▼ 31.1%
Board1 name since 2022
1 directorBILLIAERT Peter Georges
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from €65,936 to €120,583Result from €50,745 to €91,993Equity from €76,102 to €168,095Debts from €102,803 to €70,833Cash from €114,221 to €164,833
Key points
from the 2025 annual accountsTurnover
≈ €210,000 estimated
The micro format states no turnover.
Liquidity
3.37 was 1.73 in 2024
Short-term debts fell from €102,803 to €70,833.
Filings
3 annual accounts 3 late
The 2024 accounts came latest: 61 days after the end of the period.
Starting capital
€2,000
Position in the sector
€91,993
Higher net result than 83% of companies in head offices and management consultancy. Sector median €27,132 · 39,384 companies.
Checked score
98
Excellent
Financially stronger than 81% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.1%▼ -0.1 percentage points vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.2%▲ +0.1 percentage points vs 08-2025
10-2025: 0.4%▲ +0.2 percentage points vs 09-2025highest value
11-2025: 0.1%▼ -0.3 percentage points vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: < 0.1%▼ -0.1 percentage points vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026lowest value
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: 0.1%▲ +0.1 percentage points vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: < 0.1%▼ -0.3 percentage points vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: 0.1%▲ +0.1 percentage points vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Last filed accounts filed 28 days late; 1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 3.37, cash €164,833
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 66% of them on solvency, 80% on liquidity, 84% on profitability and 91% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as @PGBs has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of @PGBs itself is lower: 0.1% within 12 months. It rests on far more data about @PGBs than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for @PGBs. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €16,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.37 (1.73 in 2024), above the usual 1.5. Short-term debt is 29.6% and cash 69% of total assets. 29.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 28 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
28 days late
2024
61 days late
2023
18 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 36 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (3 of the last 3 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Leuven to Ostend
New registered office: Christinastraat 113 bus 2, 8400 Oostende · Previous registered office: Amerikalaan 33 bus 401, 3000 Leuven · Board meeting of 07-10-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0787549136
Registered-office move
Registered office clause: AmeRIRAlAAn 33bus4o1, 3000 Leuven · Gazette deed
Incorporation
Founding capital of €2,000 · Appointment: BILLIAERT Peter Georges (director) · Founder: BILLIAERT Peter Georges · Founding capital of euro 2.000 · published on 24-06-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| @PGBs Ostend | €238,928 | €120,583 | 70.4% | - |
| TITECA INVEST Blankenberge | €239,130 | €125,436 | 65.1% | - |
| WILCAMS Waregem | €265,840 | €111,927 | 82.9% | - |
| GoedGov Kortrijk | €266,529 | €109,914 | 92.1% | - |
| CREASSENT Anzegem | €255,447 | €127,752 | 20.0% | - |
| COVAN CONSULT Wielsbeke | €245,367 | €102,828 | 56.4% | - |
| EVALEX Waregem | €280,331 | €117,568 | 94.8% | - |
These companies have the same main activity as @PGBs: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €239,000 and €280,000, founded in 2022.
Official details
Source: KBO- Status
- Active since 22-06-2022Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.332.902.0628400 Ostend, since 22-06-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 10-12-2025
Annual accounts 2025
- €120,583▲ 82.9%
- €91,993▲ 81.3%
- €168,095▲ 121%
- €238,928▲ 33.6%
- Filing
- Filed on 28-08-2026
Insights on @PGBs
@PGBs files the micro format. That format states no turnover. The gross margin rose from €118,327 in 2023 to €120,583 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 28-08-2026, 28 days late€120,583
▲ 82.9%
€119,853
▲ 86.4%
€91,993
▲ 81.3%
€168,095
▲ 123%
70.4%
▲ 27.8 percentage points
3.37
▲ 1.64
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €210,000. Estimated: probably between €170,000 and €240,000.
Balance sheet
balance sheet total €238,928 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
70.4%
Higher than 66% of 39,368 companies in 2025.
3.37
Higher than 67% of 38,051 companies in 2025.
38.5%
Higher than 79% of 38,523 companies in 2025.
@PGBs
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
238,928 | 178,905 | 128,875 | |
21/28 |
0 | 561 | 1,752 | |
22/27 |
0 | 561 | 1,752 | |
24 |
0 | 561 | 1,752 | |
29/58 |
238,928 | 178,344 | 127,123 | |
40/41 |
3,197 | 40,861 | 35,152 | |
40 |
2,137 | 17,034 | 18,150 | |
41 |
1,060 | 23,827 | 17,002 | |
50/53 |
69,998 | 19,998 | 19,998 | |
54/58 |
164,833 | 114,221 | 69,588 | |
490/1 |
901 | 3,264 | 2,385 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
238,928 | 178,905 | 128,875 | |
10/15 |
168,095 | 76,102 | 47,357 | |
10/11 |
2,000 | 2,000 | 2,000 | |
13 |
166,095 | 74,102 | 45,357 | |
133 |
166,095 | 74,102 | 45,357 | |
14 |
0 | - | - | |
17/49 |
70,833 | 102,803 | 81,519 | |
42/48 |
70,833 | 102,803 | 81,519 | |
44 |
10,944 | 1,572 | 1,494 | |
440/4 |
10,944 | 1,572 | 1,494 | |
46 |
199 | - | - | |
45 |
39,293 | 29,231 | 29,346 | |
450/3 |
39,293 | 29,231 | 29,346 | |
47/48 |
20,397 | 72,000 | 50,679 | |
| Income statement | ||||
9900 |
120,583 | 65,936 | 118,327 | |
630 |
561 | 1,191 | 1,821 | |
640/8 |
168 | 451 | 1,419 | |
9901 |
119,853 | 64,293 | 115,087 | |
75/76B |
2,956 | 455 | 43 | |
75 |
2,956 | 455 | 43 | |
65/66B |
2,308 | 2,704 | 1,948 | |
65 |
2,308 | 2,704 | 1,948 | |
9903 |
120,501 | 62,044 | 113,182 | |
67/77 |
28,507 | 11,299 | 17,826 | |
9904 |
91,993 | 50,745 | 95,357 | |
9905 |
91,993 | 50,745 | 95,357 | |
| Appropriation of the result | ||||
9906 |
91,993 | 50,745 | 95,357 | |
691/2 |
91,993 | 28,745 | 45,357 | |
6921 |
91,993 | 28,745 | 45,357 | |
694/7 |
0 | 22,000 | 50,000 | |
695 |
0 | 22,000 | 50,000 | |
| Document | ||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00450094.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 120,414 | 65,484 | 116,908 | ||
| 92,554 | 51,936 | 97,177 | ||
| 0 | 0 | 3,573 | ||
| 50,612 | 44,632 | - | ||
| 168,095 | 75,541 | 45,604 | ||
| 70.4% | 42.5% | 36.7% | ||
| 3.37 | 1.73 | 1.56 | ||
| 0.42 | 1.35 | 1.72 | ||
| 54.7% | 66.7% | 201.4% | ||
| 38.5% | 28.4% | 74.0% | ||
| 52.16 | 24.21 | 60.01 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | - | €3,573 |
| €561 | €1,191 | €1,821 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on @PGBs
The operating result for 2025 is 86% higher than in 2024 and the highest since 2023. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 57.5% to 29.6%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 22-06-2022
term without a fixed end
listed in the 2025 annual accounts, filed on 28-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 24-06-2022
Mandates through the years
1 name, the dashed line is todayBILLIAERT Peter Georges
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- BILLIAERT Peter Georges
- Director (not named in the articles), from 22-06-2022 to date
Control
Capital
- Contribution
- €2,000
- Source
- deed of 24-06-2022
Articles of association
deed of 24-06-2022 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of May at 17:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Founder
At incorporation
deed of 24-06-2022 ↗
- BILLIAERT Peter Georges sole founder · 100% at incorporation
Network & group
No group
@PGBs has no parent and no holdings in its annual accounts. BILLIAERT Peter Georges is the only director. @PGBs shares no director with another company.
At the same address
Christinastraat 113, 8400 Ostend · 2 other companies| De Rode Lantaarn, werking rond (begeleiding en opvang van) straatkinderen en -jongens en (werking) rond kinder- en jongensprostitutiepreventie
registered office since 07-07-1995 |
founded in 1995 0459.647.168 |
| Regionale Pers
registered office since 15-03-1978 |
founded in 1978 0418.077.225 |
Timeline
Timeline
10 events since 2022Filings
Financial
Establishments
Address
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 28 days late
Registered office moved from Leuven to OstendNew registered office: Christinastraat 113 bus 2, 8400 Oostende · Previous registered office: Amerikalaan 33 bus 401, 3000 Leuven · Board meeting of 07-10-20252 points ▸
- Board meeting, 07-10-2025
- Registered-office move, Christinastraat 113 bus 2, 8400 Oostende
2025
Equity above €150,000 equity €168,095 ▲121% With a profit in every financial year since 2023, equity grows to €168,095.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0787549136
Annual accounts 2024 filed PDFmicro format · 61 days late
2024
Weakest financial year net €50,745 ▼46.8% The net result drops to €50,745, the lowest from 2023 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFmicro format · 18 days late
2023
Registered-office moveRegistered office clause: AmeRIRAlAAn 33bus4o1, 3000 Leuven2 points ▸
- Registered-office move, busnummer 0401
- Registered office clause, AmeRIRAlAAn 33bus4o1, 3000 Leuven
- The deed holds 1 more point.
2022
IncorporationFounding capital of €2,000 · Appointment: BILLIAERT Peter Georges (director) · Founder: BILLIAERT Peter Georges · Founding capital of euro 2.000 · published on 24-06-20224 points ▸
- Founder, BILLIAERT Peter Georges
- Founding capital, euro 2.000
- Registered office clause, Amerikalaan 33 bus 43, 3000 Leuven
- Director appointment, BILLIAERT Peter Georges (director (not named in the articles))
- The deed holds 3 more points.
First establishment Christinastraat 113, Ostend
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0787.549.136
- VAT number
- BE 0787.549.136
- Peppol ID
- 0208:0787549136
- Other Peppol ID
- 9925:BE0787549136
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 22-06-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of May at 17:00deed of 24-06-2022 (in Dutch)
- Peppol
- Reachable since 10-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- @PGBs in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 24-06-2022 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 24-06-2022 (in Dutch)
Activities
NACEBEL 202570200
Business and other management consultancy main activity
Codes under NACEBEL 2008
70220
Business consulting main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het optreden en handelen als dienstverlener,als manager,als interim-manager en/of als tussenpersoon bij alle vormen van…”deed of 24-06-2022 (in Dutch)
6 activities
- Het optreden en handelen als dienstverlener,als manager,als interim-manager en/of als tussenpersoon bij alle vormen van adviesverlening,managementdiensten en hulp aan het bedrijfsleven en de overheid op het gebied marketing,e-business strategy,productie,engineering,verkoop,planning,organisatie,efficiëntie en toezicht,informatica,telecommunicatie,automatisering,domotica en videobewaking,human resources,administratie en financiën,publiciteit en reclame,financiële en juridische planning en/of het verschaffen van informatie aan bedrijfsleiding en dit in de meest ruime zin
- Het verlenen van adviezen van financiële,technische,commerciële of administratieve aard,alsook het in de ruimste zin van het woord verlenen van bijstand en diensten,rechtstreeks of onrechtstreeks
- Het produceren,ontwikkelen,onderhouden en/of beheren van informaticatoepassingen
- Het ontwerpen,ontwikkelen,uitbouwen,beheren en onderhouden van een IT-netwerkinfrastructuur in de meest ruime zin van het woord en met inbegrip van alle vormen van communicatietechnologie
- Het aan- en verkopen,importeren en/of exporteren van alle goederen en diensten dewelke in verband met de voorgaande activiteiten kunnen staan
- Het aan- en verkopen,beheren,ontwikkelen,registreren en deponeren van licenties en octrooien van alle aard
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Christinastraat 113 registered office 8400 Ostend | 22-06-2022 | 2.332.902.062 |
1 former office
- Amerikalaan 33 bus 401, 3000 Leuven until 07-10-2025 · deed of 12-05-2026
Buildings and parcels at the address
- Ground area
- 835 m²
- Buildings
- 239 m²
- Volume, LiDAR
- 3,000 m³
- Tallest building
- 17.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 35013A1154/00R000 | 835 m² | 1 · 238 m² | 17.8 m · 5 |