PGCD
Dissolved and wound up on 24-03-2026Overview
Overview
Official details
Source: KBO- Status
- Dissolved and wound up on 24-03-2026 deed of 15-04-2026
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2025
- Gross margin
- €28,053
- ▼ 61.6%
- Turnover
- ≈ €110,000
- estimated
- Profit
- €18,721
- ▼ 65.0%
- Equity
- €436,629
- ▲ 4.5%
- Total assets
- €443,625
- ▲ 4.2%
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 28-04-2026 at the NBB all 3 filings
Turnover
≈ €110,000
Estimated: probably between €68,000 and €200,000
Total assets
€443,625▲ 4.2%
2024 · €425,914
Net result
€18,721▼ 65.0%
2024 · €53,541
Working capital
€436,629▲ 6.3%
2024 · €410,887
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€21,338
▼ 67.5%
2025
20232025
Net result
€18,721
▼ 65.0%
2025
20232025
Equity
€436,629
▲ 4.5%
2025
20232025
Total assets
€443,625
▲ 4.2%
2025
20232025
Debt
€6,995
▼ 12.6%
2025
20232025
Working capital
€436,629
▲ 6.3%
2025
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€131,987-€65,680▼ 50.2%€21,338▼ 67.5%
Net result€97,742-€53,541▼ 45.2%€18,721▼ 65.0%
Equity€365,200-€417,908▲ 14.4%€436,629▲ 4.5%
Total assets€383,069-€425,914▲ 11.2%€443,625▲ 4.2%
Debt€17,869-€8,006▼ 55.2%€6,995▼ 12.6%
Working capital€101,854-€410,887▲ 303%€436,629▲ 6.3%
The operating result for 2025 is 68% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €443,625
Equity
€436,629 ▲ 4.5%
Debt
€6,995 ▼ 12.6%
Debt's share of the balance-sheet total falls from 1.9% to 1.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27,082▼
2024 · €72,095
Cash flow
€24,466▼
2024 · €59,957
Current ratio
63.42▲
2024 · 52.32
Debt to equity
0.02▼
2024 · 0.02
ROE
4.3%▼
2024 · 12.8%
ROA
4.2%▼
2024 · 12.6%
Interest coverage
15.54▼
2024 · over 100
Debt ≤ 1 year
€6,995▼
2024 · €8,006
Income taxes
€11,642▼
2024 · €22,044
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €1,048 | - | - |
| Depreciation and write-downs of the year | €6,730 | €6,415 | €5,745 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €9,423 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,730 | €6,415 | €5,745 | ▼ 10.5% |
| Other operating charges640/8 | €483 | €896 | €971 | ▲ 8.3% |
| Gross operating margin9900 | €139,200 | €72,991 | €28,053 | ▼ 61.6% |
| Operating profit (loss)9901 | €131,987 | €65,680 | €21,338 | ▼ 67.5% |
| Financial income75/76B | €7,220 | €10,052 | €10,768 | ▲ 7.1% |
| Recurring financial income75 | €7,220 | €10,052 | €10,768 | ▲ 7.1% |
| Financial charges65/66B | €267 | €147 | €1,742 | ▲ 12× |
| Recurring financial charges65 | €267 | €147 | €1,742 | ▲ 12× |
| Profit (loss) for the period before taxes9903 | €138,940 | €75,585 | €30,363 | ▼ 59.8% |
| Income taxes67/77 | €41,198 | €22,044 | €11,642 | ▼ 47.2% |
| Profit (loss) for the period9904 | €97,742 | €53,541 | €18,721 | ▼ 65.0% |
| Profit (loss) for the period to be appropriated9905 | €97,742 | €53,541 | €18,721 | ▼ 65.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €383,069 | €425,914 | €443,625 | ▲ 4.2% |
| Fixed assets21/28 | €263,437 | €7,022 | - | - |
| Tangible fixed assets22/27 | €13,187 | €6,772 | - | - |
| Furniture and vehicles24 | €13,187 | €6,772 | - | - |
| Financial fixed assets28 | €250,250 | €250 | - | - |
| Current assets29/58 | €119,632 | €418,892 | €443,625 | ▲ 5.9% |
| Amounts receivable within one year40/41 | €8,039 | €11,243 | €10,828 | ▼ 3.7% |
| Trade receivables40 | €6,195 | - | €3,268 | - |
| Other amounts receivable41 | €1,843 | €11,243 | €7,560 | ▼ 32.8% |
| Current investments50/53 | - | €250,000 | - | - |
| Cash at bank and in hand54/58 | €111,134 | €157,517 | €432,797 | ▲ 175% |
| Deferred charges and accrued income490/1 | €460 | €132 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €383,069 | €425,914 | €443,625 | ▲ 4.2% |
| Equity10/15 | €365,200 | €417,908 | €436,629 | ▲ 4.5% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €340,200 | €392,908 | €411,629 | ▲ 4.8% |
| Distributable reserves133 | €340,200 | €392,908 | €411,629 | ▲ 4.8% |
| Amounts payable17/49 | €17,869 | €8,006 | €6,995 | ▼ 12.6% |
| Amounts payable within one year42/48 | €17,779 | €8,006 | €6,995 | ▼ 12.6% |
| Financial debts43 | - | €81 | - | - |
| Credit institutions430/8 | - | €81 | - | - |
| Trade debts44 | €325 | €262 | €3,441 | ▲ 13× |
| Suppliers440/4 | €325 | €262 | €3,441 | ▲ 13× |
| Taxes, remuneration and social security45 | €15,765 | €5,693 | €2,431 | ▼ 57.3% |
| Taxes450/3 | €15,765 | €5,693 | €2,431 | ▼ 57.3% |
| Other amounts payable47/48 | €1,689 | €1,969 | €1,123 | ▼ 42.9% |
| Accrued charges and deferred income492/3 | €91 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €97,742 | €53,541 | €18,721 | ▼ 65.0% |
| + Depreciation and write-downs630 | €6,730 | €6,415 | €5,745 | ▼ 10.5% |
| Operating cash flow (approximation) | €104,472 | €59,957 | €24,466 | ▼ 59.2% |
| Investment in fixed assets (approximation) | - | €250,000 | - | - |
| Change in cash | - | €46,384 | €275,279 | ▲ 493% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
1 director, last change in 2026
Deed of 15-04-2026Dissolution with immediate closure of the liquidationDissolved and wound up in a single deed on 24-03-2026 · Appointment: REWISE (statutory auditor)
Board 1
GUSTIN Pierre
Current
Statutory auditor 1
REWISE
Current
Statutory auditor · appointed by deed of 15-04-2026 · permanent representative: CELEN Pascal
Owners and capital
Owners
Mandate history
2 people, 2 in office
- Board
- Statutory auditor
| Name | Functions and periods |
|---|---|
| GUSTIN Pierre |
|
| REWISE |
|
Network & group
PGCD shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of PGCD. Every other company they run is a node.
This company
Company
Director
Shareholding
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Timeline
Deeds, filings and financial milestones
Deadline for the 2026 accounts:
2026
28-04
micro format · 94 days before the deadline
15-04
Gazette deed
Dissolution with immediate closure of the liquidationDissolved and wound up in a single deed on 24-03-2026 · Appointment: REWISE (statutory auditor)2 points ▸
Gazette deed
Dissolution with immediate closure of the liquidation
Dissolved and wound up in a single deed on 24-03-2026 · Appointment: REWISE (statutory auditor)2 points ▸
- General meeting, 24-03-2026
- Auditor appointment, REWISE
- The deed holds 8 more points.
2025
31-12
Financial
Weakest financial yearnet €18,721 ▼65%
The net result drops to €18,721, the lowest from 2023 to 2025.
08-07
micro format · 23 days before the deadline
2024
31-12
Financial
Liquidity more than 7 timescurrent ratio 52.32
The current ratio rises from 6.73 to 52.32. Short-term debt falls from €17,779 to €8,006.
29-07
micro format · 2 days before the deadline
2021
01-02
2 publications in the Belgian Official Gazette, the last on 15-04-2026
Financial milestoneGazette deedNBB filingFinancial 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
Inactive
Dissolved and wound up on 24 March 2026
PGCD is no longer in the KBO register.
- Status
- Inactive
- Reason
- Dissolved and wound up in a single deedBelgian Official Gazette, 15 April 2026 · deed
- Last annual accounts
- financial year to 31 December 2025
- Last registered office
- Rue De La Fontaine Dieu 7, 5310 Mehaigneas published on 15 April 2026
- Legal form
- Private limited company
- First annual accounts
- financial year 2023