PGE CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of PGE CONSTRUCT is 4.0% (moderate). The 2025 annual accounts show equity of €15,994 and a net result of €359. Its solvency ranks better than 26% of 9,895 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 15-04-2024 Normal situation
- Activity
- Site preparation NACE 43120and 4 others
- Establishment unit
- 2.358.387.328 1000 Brussel, since 15-04-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 10-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 4.0%
- Turnover
- €396,306
- ▲ 116%
- Profit
- €359
- ▼ 97.7%
- Equity
- €15,994
- ▲ 2.3%
- Total assets
- €63,927
- ▼ 66.1%
- 2025 accounts filed 88 days after the deadline
Score breakdownraises riskLast filed accounts filed 88 days late; 2 of the last 3 accounts lateFounded in 2024Size: turnover €396,306, total assets €63,927lowers riskLiquidity: current ratio 0.97, cash €9,691Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 27% of them on solvency, 17% on liquidity, 26% on profitability and 68% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 100 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 88 days after the deadline Filed on 27 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00569262.
Annual accounts 2025 filed on 27-10-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 75% lower than in 2024.
- 2025 Turnover +116% on 2024. The accounts now follow the abbreviated format, last year the full format.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €1,132 | €16,775 |
| Depreciation and write-downs of the year | €63 | €579 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | €183,502 | €396,306 | ▲ 116% |
| Goods, raw materials, services and sundry goods60/61 | €162,490 | €391,142 | ▲ 141% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63 | €579 | ▲ 821% |
| Other operating charges640/8 | €61 | €71 | ▲ 16.4% |
| Gross operating margin9900 | €21,011 | €5,815 | ▼ 72.3% |
| Operating profit (loss)9901 | €20,887 | €5,165 | ▼ 75.3% |
| Financial charges65/66B | - | €406 | - |
| Recurring financial charges65 | - | €406 | - |
| Profit (loss) for the period before taxes9903 | €20,887 | €4,758 | ▼ 77.2% |
| Income taxes67/77 | €5,253 | €4,399 | ▼ 16.2% |
| Profit (loss) for the period9904 | €15,634 | €359 | ▼ 97.7% |
| Profit (loss) for the period to be appropriated9905 | €15,634 | €359 | ▼ 97.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €188,730 | €63,927 | ▼ 66.1% |
| Fixed assets21/28 | €1,069 | €17,267 | ▲ 16× |
| Tangible fixed assets22/27 | €1,069 | €17,267 | ▲ 16× |
| Plant, machinery and equipment23 | - | €3,428 | - |
| Furniture and vehicles24 | €1,069 | €692 | ▼ 35.3% |
| Leasing and similar rights25 | - | €13,146 | - |
| Current assets29/58 | €187,661 | €46,660 | ▼ 75.1% |
| Amounts receivable within one year40/41 | €187,661 | €36,969 | ▼ 80.3% |
| Trade receivables40 | €184,435 | €23,597 | ▼ 87.2% |
| Other amounts receivable41 | €3,226 | €13,372 | ▲ 314% |
| Cash at bank and in hand54/58 | - | €9,691 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €188,730 | €63,927 | ▼ 66.1% |
| Equity10/15 | €15,634 | €15,994 | ▲ 2.3% |
| Contributions10/11 | €0 | - | - |
| Contributions outside capital11 | €0 | - | - |
| Other1109/19 | €0 | - | - |
| Profit (loss) carried forward14 | €15,634 | €15,994 | ▲ 2.3% |
| Amounts payable17/49 | €173,096 | €47,933 | ▼ 72.3% |
| Amounts payable within one year42/48 | €173,096 | €47,933 | ▼ 72.3% |
| Trade debts44 | €167,843 | €46,381 | ▼ 72.4% |
| Suppliers440/4 | €167,843 | €46,381 | ▼ 72.4% |
| Taxes, remuneration and social security45 | €5,253 | €1,552 | ▼ 70.5% |
| Taxes450/3 | €5,253 | €1,552 | ▼ 70.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €15,634 | €359 | ▼ 97.7% |
| + Depreciation and write-downs630 | €63 | €579 | ▲ 821% |
| Operating cash flow (approximation) | €15,697 | €938 | ▼ 94.0% |
| Investment in fixed assets (approximation) | - | -€16,776 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,542 companies had the same profile as PGE CONSTRUCT has now. Two years later, 94.9% were still going and 3.5% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PGE CONSTRUCT itself: 4.0% within 12 months.
Test of the method
The method was tested on the 497,446 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 2,542 companies, not a prediction for PGE CONSTRUCT. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- FLORESCU Petre Catalin 100 shares (100%) · €500 in cash
Capital transactions
- 17-04-2024 Incorporation · €500 · 100 shares
Articles of association
- 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
Articles of association, deed of 17-04-2024 (in French)
Network & group
PGE CONSTRUCT shares no director with another company.
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of PGE CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
17-04
Gazette deed
IncorporationStarting capital €500 · Appointment: FLORESCU Petre Catalin (director) · Founder8 points ▸
- Incorporation, “PGE CONSTRUCT” (deed in French)
- Founder, FLORESCU Petre Catalin
- Founding capital, €500
- Registered office clause, “1000 Bruxelles,Rue des Foulons,74 boîte 2” (deed in French), mentioned 2 times in the deed
- Capital
- Board rule, 1
- Director appointment, FLORESCU Petre Catalin (director (not named in the articles))
- Pre-incorporation commitments, “takeover, tous engagements et obligations et toutes activités entreprises par le comparant au nom et pour compte de la société en formation” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
PGE CONSTRUCT was incorporated on 15 April 2024 as a private limited company by one natural person, with a starting capital of €500.12 FLORESCU Petre Catalin is director of the company, appointed in the act of 17-04-2024.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1008.386.858
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21810L2210/00F010 | Brussels | 152 m² | 1 · 66 m² | 20.9 m · 6 |