Losses
-€5.3m in five years
Every financial year from 2021 to 2025 closed with a loss. 2023 was the heaviest.
PGC IMMO
Lifetime
15 annual accounts with figures on one time axispeak €16.4m (2023)
€14.3m▲ 82.6%
lowest -€2.0m (2023)
-€1.1m▲ €825,033
peak €27.7m (2024)
€26.6m▼ 3.9%
€47.5m▲ 6.6%
peak 0.6 FTE (2021)
-not published
Board15 names since 2018all names
2 directorsPGM and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
01-07-202630 days before the deadline
2025financial year
Turnover from €7.8m to €14.3mLoss of €1.1mResignation: GC INVEST BV (director) 05-05Capital increase of €28,413,813.77 to €29,513,813.77 24-01Investments €6.9mCash from €44,604 to €10,531
Key points
from the 2025 annual accountsTurnover
€14.3m ▲ 82.6%
Turnover rose in 2025 from €7.8m to €14.3m.
Investments
€3.6m 1.7 × depreciation
Green is investment, beige is depreciation. Machinery stands 28.4% higher than in 2024.
Payment terms
69 days to suppliers
PGC IMMO pays its suppliers 87 days earlier than in 2024. Customers pay 5 days earlier.
At the same address
22 companies
Position in the sector
-€1.1m
Lower net result than 95% of companies in real estate. Sector median €20,526 · 5,817 companies.
Standalone figures, without subsidiaries
Group, consolidated 2025: turnover €17.5m, result €396,000
Checked score
87
Excellent
Financially stronger than 49% of large companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 317 companies (NACE 68, large).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.5%▼ -0.1 percentage points vs 01-2025
03-2025: 0.6%▲ +0.1 percentage points vs 02-2025
04-2025: 0.5%▼ -0.1 percentage points vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.6%▲ +0.1 percentage points vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.3%▼ -0.4 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.2%▼ -0.1 percentage points vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.78, cash €10,531, halved
lowers risk
Size: turnover €14.3m, total assets €75.1m, files consolidated accounts
Founded in 2011
Sector: Real estate activities (NACE 68)
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 68, large). It does better than 55% of them on solvency, 26% on liquidity, 57% on profitability and 60% 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, 249 companies had the same profile as PGC IMMO has now. Each dot is one company, two years later.
94.0%
were still trading
4.8%
stopped another way
0.8%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PGC IMMO itself: 0.2% within 12 months.
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 249 companies, not a prediction for PGC IMMO. 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 €1,400,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.78 (1.0 in 2024), below 1. Short-term debt is 24.1% and cash 0% of total assets. 64.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1.1m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
30 days early
2024
17 days early
2023
23 days early
2022
4 days early
2021
127 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 11 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 14 July (4 of the last 5 accounts filed within 30 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
Board and ownership
- AUTOMOTIVE & MOBILITY INVEST 100%equity €39.4m (2025) · 2025 annual accounts of AUTOMOTIVE & MOBILITY INVEST
Shares in 5 companies, including A.V.T. and BIJVENNE PROPERTIES
Board & ownershipRecent changes
Environmental permit granted
Het reliëf van de bodem aanmerkelijk wijzigen, Nieuwbouw of aanleggen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie and 4 more · Diest
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0833742714
Environmental permit granted
Een grond gebruiken, aanleggen of inrichten, Het reliëf van de bodem aanmerkelijk wijzigen, Nieuwbouw of aanleggen and 3 more · Halen
Environmental permit refused
Het reliëf van de bodem aanmerkelijk wijzigen, Nieuwbouw of aanleggen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie and 4 more · Diest
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PGC IMMO Hasselt | €14.3m | 4.4% | 35.3% | - |
| ANTONISSEN DEVELOPMENT GROUP Antwerp | €6.3m | 9.2% | 75.9% | 10.2 |
| LRM Lease Hasselt | €4.9m | 24.9% | 9.6% | - |
| Groep Caenen Capital Fund Middelkerke | €10.6m | 14.8% | 3.5% | - |
| VEKABO Ghent | €7.1m | 31.1% | 16.2% | 2.1 |
| REGENTINVEST Brussels | €9.8m | 21.7% | 33.2% | - |
| INSTRUCTION Brussels | €16.7m | 72.1% | 62.4% | - |
Grey: the largest companies of the sector (real estate (NACE 68)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as PGC IMMO: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €51m and €113m, founded between 2003 and 2014.
Official details
Source: KBO- Status
- Active since 14-02-2011Normal situation
- Registered office
- 24 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Buying and selling of own real estateNACE 68110and 2 others
- Joint committee
- 323Building management, estate agents and domestic staff · annual accounts 2022
- Establishment unit
- 2.197.269.1403500 Hasselt, since 14-02-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 18-03-2026
Annual accounts 2025
- €75.1m▲ 2.4%
- Filing
- Filed on 01-07-2026, 30 days before the end of the filing period
Insights on PGC IMMO
PGC IMMO has existed since 2011. In 2020 turnover rose from €3.5m to €12.0m. On 20 April 2020 PGC IMMO absorbed HSINGEL39 in a merger.
AUTOMOTIVE & MOBILITY INVEST holds all the shares. In August 2022, six directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PGC IMMO
- What is the company number of PGC IMMO?
- The company number of PGC IMMO is 0833.742.714. The VAT number is the same number with BE in front: BE 0833.742.714.
- Where is PGC IMMO based?
- The registered office is at Herkenrodesingel 10, 3500 Hasselt.Company details
- What does PGC IMMO do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of PGC IMMO?
- PGC IMMO is a private limited company (BV).
- When was PGC IMMO founded?
- PGC IMMO was founded on 14-02-2011.
- Is PGC IMMO still active?
- Yes, PGC IMMO is an active enterprise in the KBO register.
- How many employees does PGC IMMO have?
- PGC IMMO had an average of 0.6 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- Which joint committee does PGC IMMO fall under?
- In its 2022 annual accounts, PGC IMMO states joint committee 323 (Building management, estate agents and domestic staff).
- What is the turnover of PGC IMMO?
- The turnover of PGC IMMO was €14.3m in financial year 2025, according to the filed annual accounts.
- Is PGC IMMO profitable?
- In financial year 2025, PGC IMMO made a loss of €1.1m.
- Where can I find the annual accounts of PGC IMMO?
- PGC IMMO filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PGC IMMO due?
- PGC IMMO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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