PGDO
ActiveSummary
PGDO has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40,032 and a net result of €22,602. Equity is growing by ~47% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Financials · fiscal year 2025, micro schema
2023 to 2025, 3 fiscal years
The operating result returns to profit in 2025: €27,753 after a loss of €3,054 in 2024, the highest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,471 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €19,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,527 | €15,632 | €5,128 | ▼ 67.2% |
| Other operating charges640/8 | €3,348 | €2,196 | €2,216 | ▲ 0.9% |
| Gross operating margin9900 | €33,865 | €14,774 | €35,097 | ▲ 138% |
| Operating profit (loss)9901 | €13,990 | -€3,054 | €27,753 | ▲ 1,009% |
| Financial income75/76B | €15 | - | €42 | - |
| Recurring financial income75 | €15 | - | €42 | - |
| Financial charges65/66B | €411 | €148 | €188 | ▲ 27.5% |
| Recurring financial charges65 | €411 | €148 | €188 | ▲ 27.5% |
| Profit (loss) for the period before taxes9903 | €13,594 | -€3,202 | €27,607 | ▲ 962% |
| Income taxes67/77 | €2,959 | €3 | €5,005 | ▲ 164,551% |
| Profit (loss) for the period9904 | €10,635 | -€3,205 | €22,602 | ▲ 805% |
| Profit (loss) for the period to be appropriated9905 | €10,635 | -€3,205 | €22,602 | ▲ 805% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €51,848 | €42,377 | €59,843 | ▲ 41.2% |
| Fixed assets21/28 | €26,109 | €16,365 | €16,395 | ▲ 0.2% |
| Tangible fixed assets22/27 | €26,109 | €16,365 | €16,395 | ▲ 0.2% |
| Plant, machinery and equipment23 | €11,152 | €8,723 | €8,822 | ▲ 1.1% |
| Furniture and vehicles24 | €11,971 | €1,964 | €2,985 | ▲ 52.0% |
| Other tangible fixed assets26 | €2,985 | €5,677 | €4,587 | ▼ 19.2% |
| Current assets29/58 | €25,740 | €26,012 | €43,449 | ▲ 67.0% |
| Amounts receivable within one year40/41 | €1,900 | €4,500 | €3,295 | ▼ 26.8% |
| Other amounts receivable41 | €1,900 | €4,500 | €3,295 | ▼ 26.8% |
| Cash at bank and in hand54/58 | €17,205 | €20,125 | €38,698 | ▲ 92.3% |
| Deferred charges and accrued income490/1 | €6,635 | €1,387 | €1,456 | ▲ 4.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €51,848 | €42,377 | €59,843 | ▲ 41.2% |
| Equity10/15 | €20,635 | €17,430 | €40,032 | ▲ 130% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €10,635 | €7,430 | €30,032 | ▲ 304% |
| Amounts payable17/49 | €31,213 | €24,947 | €19,811 | ▼ 20.6% |
| Amounts payable within one year42/48 | €31,213 | €24,809 | €19,553 | ▼ 21.2% |
| Current portion of amounts payable after more than one year42 | €4,126 | - | - | - |
| Trade debts44 | €657 | €608 | €280 | ▼ 53.9% |
| Suppliers440/4 | €657 | €608 | €280 | ▼ 53.9% |
| Taxes, remuneration and social security45 | €3,009 | €2,678 | €2,678 | = |
| Taxes450/3 | €3,009 | €2,678 | €2,678 | = |
| Other amounts payable47/48 | €23,421 | €21,524 | €16,595 | ▼ 22.9% |
| Accrued charges and deferred income492/3 | - | €138 | €258 | ▲ 87.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,635 | -€3,205 | €22,602 | ▲ 805% |
| + Depreciation and write-downs630 | €16,527 | €15,632 | €5,128 | ▼ 67.2% |
| Operating cash flow (approximation) | €27,162 | €12,427 | €27,730 | ▲ 123% |
| Investment in fixed assets (approximation) | - | -€5,888 | -€5,158 | ▲ 12.4% |
| Change in cash | - | €2,921 | €18,573 | ▲ 536% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.