PGL EXPERT
ActiveThe computed 12-month bankruptcy probability of PGL EXPERT is 1.7% (moderate). The 2025 annual accounts show equity of €16k and a net result of €20k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 37% of 1291 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
94
/ 100
Excellent▲ +18 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency68▲+46
Growth78=
Stability100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.03 in 2024), but 65.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.4%
Return on assets
43.9%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
26 d late
2024
28 d late
2023
21 d early
2022
29 d late
2021
18 d late
2020
2 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€16k▲ 27.1%
2024 · €13k
2020: €8k
2021: €18k
2022: €31k
2023: €7k
2024: €13k
2020 → 2025
Total assets
€46k▼ 43.4%
2024 · €82k
2020: €41k
2021: €43k
2022: €82k
2023: €77k
2024: €82k
2020 → 2025
Net result
€20k▲ 239%
2024 · €6k
2020: €3k
2021: €13k
2022: €12k
2023: €6k
2024: €6k
2020 → 2025
Working capital
€12k▲ 815%
2024 · €1k
2020: €-1k
2021: €12k
2022: €19k
2023: €-17k
2024: €1k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€31k▲ 67.9%€7k▼ 78.7%€13k▲ 91.5%€16k▲ 27.1%
Operating result€17k-€16k▼ 4.1%€10k▼ 37.4%€11k▲ 6.9%€27k▲ 148%
Net result€13k-€12k▼ 5.2%€6k▼ 53.8%€6k▲ 4.4%€20k▲ 239%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 148% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €46k
Fixed assets
€15k▼ 57.2%
Current assets
€31k▼ 32.6%
Equity and liabilities €46k
Equity
€16k▲ 27.1%
Debt
€31k▼ 56.1%
The debt ratio falls from 84.7% to 65.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€48k▲
2024 · €36k
Cash flow
€41k▲
2024 · €31k
Solvency
34.4%▲
2024 · 15.3%
Current ratio
1.61▲
2024 · 1.03
Quick ratio
1.61▲
2024 · 1.03
Debt / equity
1.91▼
2024 · 5.53
ROE
127.6%▲
2024 · 47.8%
ROA
43.9%▲
2024 · 7.3%
Interest coverage
22.47▲
2024 · 13.69
Debt
€31k▼
2024 · €70k
Debt ≤ 1 year
€19k▼
2024 · €45k
Debt > 1 year
€11k▼
2024 · €25k
Income taxes
€5k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€82k€46k▼
Fixed assets21/28€36k€15k▼
Tangible fixed assets22/27€34k€14k▼
Plant, machinery and equipment23€308-
Furniture and vehicles24€34k€14k▼
Financial fixed assets28€2k€2k=
Current assets29/58€46k€31k▼
Amounts receivable within one year40/41€41k€25k▼
Trade receivables40€37k€20k▼
Other amounts receivable41€4k€5k▲
Cash at bank and in hand54/58€4k€5k▲
Deferred charges and accrued income490/1€1k€588▼
Equity and liabilities
Total equity and liabilities10/49€82k€46k▼
Equity10/15€13k€16k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€8k€11k▲
Amounts payable17/49€70k€31k▼
Amounts payable after more than one year17€25k€11k▼
Financial debts170/4€25k€11k▼
Amounts payable within one year42/48€45k€19k▼
Current portion of amounts payable after more than one year42€13k€14k▲
Trade debts44€19k-
Suppliers440/4€19k-
Taxes, remuneration and social security45€4k€4k▲
Taxes450/3€4k€4k▲
Other amounts payable47/48€9k€1k▼
Accrued charges and deferred income492/3-€349
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€21k▼
Other operating charges640/8€1k€960▼
Gross operating margin9900€38k€49k▲
Operating profit (loss)9901€11k€27k▲
Financial income75/76B€32€1▼
Recurring financial income75€32€1▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€8k€25k▲
Income taxes67/77€2k€5k▲
Profit (loss) for the period9904€6k€20k▲
Profit (loss) for the period to be appropriated9905€6k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€28k▲
Profit (loss) brought forward from the previous period14P€2k€8k▲
Profit to be distributed694/7-€17k
Return on contributions (dividend)694-€13k
Directors or managers695-€4k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Highest result since 2020net €20k ▲239%
Operating result €27k, net result €20k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 1.03
Current ratio from 0.48 to 1.03.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 1.94
Current ratio from 0.91 to 1.94.
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Rijkevorsel · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Helhoekweg 802310 RijkevorselGround area
523 m²
Building footprint
153 m²
Volume, LiDAR
718 m³
Parcel 13037H0686/00W002, Flanders · tallest building 8.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PGL EXPERT
since 20192.295.882.904
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13037H0686/00W002 | Flanders | 523 m² | 1 · 153 m² | 8.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 1005.374.811
Herentals · Eq €16k
TMC Robotics
BE 0828.720.290
Ieper · Eq €16k
Wesley Gabriëls
BE 0784.378.127
Ronse · Eq €16k
JAD
BE 0860.701.685
Merelbeke-Melle · Eq €16k
Of 3,705 companies in sector 33120 we hold annual accounts for 1,335. 788 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-11-2019
Fiscal year end31-12
Activities, NACEBEL
33120Repair and maintenance of machinery
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.