Equity
€20,508
PGMCM has made a profit without a break since 2023.
PGMCM
Lifetime
9 annual accounts with figures on one time axispeak €254,913 (2020)
€95,699▼ 32.4%
lowest -€68,934 (2017)
€86,834▲ 28.1%
peak €20,508 (2025)
€20,508▲ €86,834
€112,031▼ 25.3%
peak 6.6 FTE (2020)
-not published
Board1 name since 2017
1 directorMARTENS FIVE MANAGEMENT
Documentsfilings and deeds
09-01-202622 days before the deadline
2025financial year
Gross margin from €141,633 to €95,699Result from €67,795 to €86,834Equity from -€66,326 to €20,508Debts from €149,919 to €112,031Cash from €78,875 to €6,740
Key points
from the 2025 annual accountsTurnover
≈ €270,000 estimated
The accounts state no turnover.
Debts
€112,031 85% of the balance sheet
Suppliers 2%Taxes and wages 26%Other 72%
Liquidity
1.18 was 0.56 in 2024
Short-term debts fell from €149,600 to €112,031.
Filings
9 annual accounts 2 late
The 2020 accounts came latest: 24 days after the end of the period.
Position in the sector
€20,508
Less equity than 85% of companies in education. Sector median €560,990 · 586 companies.
Checked score
70
Healthy
Financially stronger than 58% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.4%
01-2025: 2.8%▲ +0.4 percentage points vs 12-2024highest value
02-2025: 1.1%▼ -1.7 percentage points vs 01-2025
03-2025: 1.1%● unchanged vs 02-2025
04-2025: 1.1%● unchanged vs 03-2025
05-2025: 1.1%● unchanged vs 04-2025
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 1.0%▼ -0.1 percentage points vs 06-2025
08-2025: 1.0%● unchanged vs 07-2025
09-2025: 1.0%● unchanged vs 08-2025
10-2025: 0.9%▼ -0.1 percentage points vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.7%▼ -0.2 percentage points vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 0.8%▲ +0.1 percentage points vs 07-2026
09-2026: 0.8%● unchanged vs 08-2026
10-2026: 0.7%▼ -0.1 percentage points vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Sector: Retail trade (NACE 47)
Equity €20,508 (15.5% of total assets)
lowers risk
Founded in 2015
Size: total assets €132,539
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 47, micro). It does better than 32% of them on solvency, 11% on liquidity, 96% on profitability and 94% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as PGMCM has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PGMCM itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 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 5,053 companies, not a prediction for PGMCM. 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.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.18 (0.56 in 2024), below the usual 1.5. Short-term debt is 84.5% and cash 5.1% of total assets. 84.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 586 sector peers (2025).
NBB · sector comparisonPosition among 586 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-01-2026, 22 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
22 days early
2024
4 days early
2023
8 days early
2022
1 day early
2021
3 days late
2020
24 days late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 85), the median for financial year 2024 was 16 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 27 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Resignation: MARTENS FIVE MANAGEMENT (manager)
Reappointment: MARTENS FIVE MANAGEMENT (sole director) · “Toutes opérations se rapportant directement ou indirectement à l’exploitation d’un magasin à rayons multiples…” (deed in French) · General meeting of 23-07-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0641694194
Incorporation
published on 21-10-2015 · Gazette deed
First establishment
Georges Brugmannplein 7, Ixelles
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PGMCM Schaerbeek | €132,539 | €95,699 | 15.5% | - |
| PAO DANCE Damme | €143,017 | €83,866 | 35.0% | - |
| CrossFit Arsenal Etterbeek | €157,966 | €103,080 | 59.4% | 0.5 |
| Blooming Riders Ixelles | €141,330 | €85,705 | 62.0% | - |
| SMP Training Schilde | €141,059 | €76,655 | 82.1% | - |
| BETWEEN HORSES Waterloo | €154,743 | €153,942 | -160.7% | - |
| Het Erf Heist-op-den-Berg | €168,141 | €80,839 | 41.7% | - |
These companies have the same main activity as PGMCM: sports and recreation education (NACE 85510). They are comparable in size and age: total assets between €141,000 and €168,000, founded between 2013 and 2018.
Official details
Source: KBO- Status
- Active since 19-10-2015Normal situation
- Registered office
- 10 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Sports and recreation educationNACE 85510and 8 others
- Establishment unit
- 2.247.135.9491050 Ixelles, since 19-10-2015
- Financial year end
- 30 June
- Peppol
- Reachable since 06-03-2026
Annual accounts to 30-06-2025
- €132,539▲ 58.6%
- Filing
- Filed on 09-01-2026, 22 days before the end of the filing period
Insights on PGMCM
Solvency rose in 2025 from -79.3% to 15.5% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PGMCM
- What is the company number of PGMCM?
- The company number of PGMCM is 0641.694.194. The VAT number is the same number with BE in front: BE 0641.694.194.
- Where is PGMCM based?
- The registered office is at Leuvensesteenweg 580, 1030 Schaerbeek.Company details
- What does PGMCM do?
- According to the KBO register, the main activity is sports and recreation education (NACE 85510).
- What is the legal form of PGMCM?
- PGMCM is a private limited company (BV).
- When was PGMCM founded?
- PGMCM was founded on 19-10-2015.
- Is PGMCM still active?
- Yes, PGMCM is an active enterprise in the KBO register.
- How many employees does PGMCM have?
- PGMCM had an average of 1.6 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of PGMCM?
- The turnover in financial year 2025 is ≈ €270,000. This figure is estimated from the gross margin of €95,699 and 1,299 comparable companies of the same size. It probably lies between €160,000 and €510,000. It is a rough estimate.
- Is PGMCM profitable?
- In financial year 2025, PGMCM made a profit of €86,834.
- Where can I find the annual accounts of PGMCM?
- PGMCM filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PGMCM due?
- PGMCM must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.