PGMC
ActiveSummary
PGMC has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60,905 and a net result of -€16,167. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 34% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability20▲+11
Solvency65▼-30
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity tight (current ratio 1.12 against 2.67 in 2024; short-term debt: 44.4% and cash: 24.7% of total assets), and 59.6% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.4%
Return on assets
-10.7%
Age of the figures
9 mo
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 -€16,167
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 10 filingsDeviation from the deadline
2025
29 d late
2024
29 d late
2023
30 d late
2022
30 d late
2021
26 d late
2020
27 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€60,905▼ 37.9%
2024 · €97,997
Total assets
€150,672▲ 6.9%
2024 · €140,973
Net result
-€16,167▼ 53.0%
2024 · -€10,568
Working capital
€7,722▼ 89.2%
2024 · €71,696
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€23,897▼ 38.0%€36,603▲ 53.2%€28,715▼ 21.5%-€10,632-€15,232▼ 43.3%
Net result€16,776within the sector's middle half▼ 37.4%€23,390within the sector's middle half▲ 39.4%€18,466within the sector's middle half▼ 21.1%-€10,568below the sector's middle half-€16,167below the sector's middle half▼ 53.0%
Equity€125,965within the sector's middle half▲ 15.4%€149,355within the sector's middle half▲ 18.6%€134,100within the sector's middle half▼ 10.2%€97,997within the sector's middle half▼ 26.9%€60,905within the sector's middle half▼ 37.9%
Total assets€148,820within the sector's middle half▲ 18.4%€177,168within the sector's middle half▲ 19.0%€168,159within the sector's middle half▼ 5.1%€140,973within the sector's middle half▼ 16.2%€150,672within the sector's middle half▲ 6.9%
Debt€22,856▲ 38.4%€27,813▲ 21.7%€34,059▲ 22.5%€42,976▲ 26.2%€89,768▲ 109%
Working capital€116,387▲ 15.2%€133,224▲ 14.5%€120,731▼ 9.4%€71,696▼ 40.6%€7,722▼ 89.2%
Solvency84.6%above the sector's middle half▼ 2.2pp84.3%above the sector's middle half▼ 0.3pp79.7%above the sector's middle half▼ 4.6pp69.5%within the sector's middle half▼ 10.2pp40.4%within the sector's middle half▼ 29.1pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15,232 in 2025 against €10,632 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €150,672
Fixed assets
€76,004 ▲ 189%
Current assets
€74,669 ▼ 34.9%
Equity and liabilities €150,672
Equity
€60,905 ▼ 37.9%
Debt
€89,768 ▲ 109%
Debt's share of the balance-sheet total rises from 30.5% to 59.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2,199▲
2024 · -€4,310
Cash flow
€1,264▲
2024 · -€4,246
Current ratio
1.12▼
2024 · 2.67
Debt to equity
1.47▲
2024 · 0.44
ROE
-26.5%▼
2024 · -10.8%
ROA
-10.7%▼
2024 · -7.5%
Interest coverage
1.81▲
2024 · -19.79
Debt ≤ 1 year
€66,947▲
2024 · €42,976
Debt > 1 year
€22,821
Income taxes
€152▲
2024 · €74
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 5,827 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,568 | €5,800 | €6,330 | €6,322 | €17,431 | ▲ 176% |
| Other operating charges640/8 | €432 | €943 | €785 | €1,063 | €5,532 | ▲ 420% |
| Gross operating margin9900 | €28,898 | €43,346 | €35,830 | -€3,247 | €7,731 | ▲ 338% |
| Operating profit (loss)9901 | €23,897 | €36,603 | €28,715 | -€10,632 | -€15,232 | ▼ 43.3% |
| Financial income75/76B | - | - | €334 | €356 | €430 | ▲ 20.6% |
| Recurring financial income75 | - | - | €334 | €356 | €430 | ▲ 20.6% |
| Financial charges65/66B | €193 | €192 | €203 | €218 | €1,213 | ▲ 457% |
| Recurring financial charges65 | €193 | €192 | €203 | €218 | €1,213 | ▲ 457% |
| Profit (loss) for the period before taxes9903 | €23,705 | €36,411 | €28,846 | -€10,494 | -€16,015 | ▼ 52.6% |
| Income taxes67/77 | €6,928 | €13,021 | €10,380 | €74 | €152 | ▲ 105% |
| Profit (loss) for the period9904 | €16,776 | €23,390 | €18,466 | -€10,568 | -€16,167 | ▼ 53.0% |
| Profit (loss) for the period to be appropriated9905 | €16,776 | €23,390 | €18,466 | -€10,568 | -€16,167 | ▼ 53.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €148,820 | €177,168 | €168,159 | €140,973 | €150,672 | ▲ 6.9% |
| Fixed assets21/28 | €9,578 | €16,130 | €13,369 | €26,301 | €76,004 | ▲ 189% |
| Tangible fixed assets22/27 | €9,578 | €16,130 | €13,369 | €26,301 | €76,004 | ▲ 189% |
| Plant, machinery and equipment23 | €1,827 | €1,432 | €1,037 | €642 | €247 | ▼ 61.5% |
| Furniture and vehicles24 | €3,475 | €3,717 | €2,692 | €18,714 | €7,997 | ▼ 57.3% |
| Leasing and similar rights25 | - | - | - | - | €63,510 | - |
| Other tangible fixed assets26 | €4,276 | €10,981 | €9,640 | €6,945 | €4,250 | ▼ 38.8% |
| Current assets29/58 | €139,243 | €161,037 | €154,790 | €114,672 | €74,669 | ▼ 34.9% |
| Amounts receivable within one year40/41 | €25,576 | €27,051 | €70,295 | €24,438 | €35,432 | ▲ 45.0% |
| Trade receivables40 | €19,191 | €20,449 | €19,360 | €15,477 | €22,216 | ▲ 43.5% |
| Other amounts receivable41 | €6,385 | €6,602 | €50,935 | €8,961 | €13,217 | ▲ 47.5% |
| Cash at bank and in hand54/58 | €111,679 | €131,868 | €79,773 | €87,902 | €37,208 | ▼ 57.7% |
| Deferred charges and accrued income490/1 | €1,988 | €2,119 | €4,721 | €2,331 | €2,028 | ▼ 13.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €148,820 | €177,168 | €168,159 | €140,973 | €150,672 | ▲ 6.9% |
| Equity10/15 | €125,965 | €149,355 | €134,100 | €97,997 | €60,905 | ▼ 37.9% |
| Contributions10/11 | €22,000 | €22,000 | - | - | - | - |
| Reserves13 | €103,965 | €127,355 | €134,100 | €108,564 | €87,640 | ▼ 19.3% |
| Non-distributable reserves130/1 | €2,200 | €2,200 | €2,200 | €2,200 | €2,200 | = |
| Reserves not available under the articles1311 | €2,200 | €2,200 | €2,200 | €2,200 | €2,200 | = |
| Distributable reserves133 | €101,765 | €125,155 | €131,900 | €106,364 | €85,440 | ▼ 19.7% |
| Profit (loss) carried forward14 | - | - | - | -€10,568 | -€26,735 | ▼ 153% |
| Amounts payable17/49 | €22,856 | €27,813 | €34,059 | €42,976 | €89,768 | ▲ 109% |
| Amounts payable after more than one year17 | - | - | - | - | €22,821 | - |
| Financial debts170/4 | - | - | - | - | €22,821 | - |
| Amounts payable within one year42/48 | €22,856 | €27,813 | €34,059 | €42,976 | €66,947 | ▲ 55.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €9,679 | - |
| Trade debts44 | €3,836 | €5,150 | €8,895 | €5,558 | €7,992 | ▲ 43.8% |
| Suppliers440/4 | €3,836 | €5,150 | €8,895 | €5,558 | €7,992 | ▲ 43.8% |
| Taxes, remuneration and social security45 | €19,019 | €22,663 | €25,163 | €22,808 | €14,664 | ▼ 35.7% |
| Taxes450/3 | €15,519 | €19,163 | €21,163 | €14,773 | €10,664 | ▼ 27.8% |
| Remuneration and social security454/9 | €3,500 | €3,500 | €4,000 | €8,035 | €4,000 | ▼ 50.2% |
| Other amounts payable47/48 | - | - | - | €14,611 | €34,612 | ▲ 137% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,776 | €23,390 | €18,466 | -€10,568 | -€16,167 | ▼ 53.0% |
| + Depreciation and write-downs630 | €4,568 | €5,800 | €6,330 | €6,322 | €17,431 | ▲ 176% |
| Operating cash flow (approximation) | €21,344 | €29,190 | €24,796 | -€4,246 | €1,264 | ▲ 130% |
| Investment in fixed assets (approximation) | - | -€12,353 | -€3,569 | -€19,254 | -€67,133 | ▼ 249% |
| Change in cash | - | €20,188 | -€52,094 | €8,129 | -€50,694 | ▼ 724% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Weakest financial yearnet -€16,167
Net result drops to -€16,167, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Equity above €100,000Eq €109,188 ▲32.5%
3 profitable years in a row build equity to €109,188.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 8.70
Current ratio from 4.16 to 8.70; short-term debt falls from €15,857 to €9,178.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Tervuren · 1 establishment unit since 2005
Ground area
1,383 m²
Building footprint
135 m²
Volume, LiDAR
744 m³
Parcel 24114B0156/00M000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PGMC
since 20052.144.810.550
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24114B0156/00M000 | Flanders | 1,383 m² | 1 · 135 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 15,467 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-01-2005
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0871261225
Also
9925:BE0871261225
Registered
10-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.