Summary
PGMS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €5.0m and a net result of €71,505. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 77% of 9872 sector peers (fiscal year 2024). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
2 d early
2022
34 d early
2021
4 d early
2020
3 d early
2019
119 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€5.0m▼ 3.8%
2023 · €5.2m
Net result
€71,505▼ 52.8%
2023 · €151,538
Total assets
€6.2m▼ 1.5%
2023 · €6.3m
Solvency
80.4%▼ 1.9pp
2023 · 82.4%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20202021202220232024
Operating result€515,791€66,260▼ 87.2%€129,108▲ 94.9%€72,502▼ 43.8%€2,251▼ 96.9%
Net result€133,801above the sector's middle half▲ 106%€368,966above the sector's middle half▲ 176%€90,240above the sector's middle half▼ 75.5%€151,538above the sector's middle half▲ 67.9%€71,505within the sector's middle half▼ 52.8%
Equity€5.1mabove the sector's middle half▼ 5.3%€5.5mabove the sector's middle half▲ 7.2%€5.4mabove the sector's middle half▼ 1.2%€5.2mabove the sector's middle half▼ 3.8%€5.0mabove the sector's middle half▼ 3.8%
Total assets€6.3mabove the sector's middle half▼ 4.4%€6.7mabove the sector's middle half▲ 6.6%€6.5mabove the sector's middle half▼ 2.9%€6.3mabove the sector's middle half▼ 2.1%€6.2mabove the sector's middle half▼ 1.5%
Debt€1.1m▼ 0.1%€1.2m▲ 5.3%€1.1m▼ 10.5%€1.1m▲ 6.4%€1.2m▲ 9.3%
Working capital€3.0mabove the sector's middle half▲ 0.5%€3.1mabove the sector's middle half▲ 4.8%€3.1mabove the sector's middle half▼ 0.3%€1.9mabove the sector's middle half▼ 38.5%€1.8mabove the sector's middle half▼ 7.8%
Solvency81.9%above the sector's middle half▼ 0.8pp82.4%above the sector's middle half▲ 0.5pp83.8%above the sector's middle half▲ 1.4pp82.4%above the sector's middle half▼ 1.4pp80.4%above the sector's middle half▼ 1.9pp
Current ratio29.71above the sector's middle half▼ 5.4919.73above the sector's middle half▼ 9.9882.13above the sector's middle half▲ 62.402.78within the sector's middle half▼ 79.352.49within the sector's middle half▼ 0.30
Return on assets (ROA)2.1%within the sector's middle half▲ 1.1pp5.5%within the sector's middle half▲ 3.4pp1.4%within the sector's middle half▼ 4.1pp2.4%within the sector's middle half▲ 1.0pp1.1%below the sector's middle half▼ 1.2pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 has fallen two years in a row; 2024 is 97% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.2m
Fixed assets
€3.3m ▼ 1.7%
Current assets
€3.0m ▼ 1.2%
Equity and liabilities €6.2m
Equity
€5.0m ▼ 3.8%
Debt
€1.2m ▲ 9.3%
Debt's share of the balance-sheet total rises from 17.6% to 19.6%. Equity is lower and debt is higher.
Key figures and ratios
ROE
1.4%▼
2023 · 2.9%
Debt ≤ 1 year
€1.2m▲
2023 · €1.1m
Debt > 1 year
€25,376▼
2023 · €35,201
Income taxes
€7,825▼
2023 · €25,347
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €12,500 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,627 | €62,710 | €50,515 | €57,998 | €62,966 | ▲ 8.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€15,000 | €0 | - | - | - |
| Other operating charges640/8 | - | €9,245 | €4,747 | €4,750 | €5,071 | ▲ 6.7% |
| Gross operating margin9900 | €583,731 | €123,215 | €184,369 | €135,250 | €70,287 | ▼ 48.0% |
| Operating profit (loss)9901 | €515,791 | €66,260 | €129,108 | €72,502 | €2,251 | ▼ 96.9% |
| Financial income75/76B | - | €361,437 | €71,008 | €131,624 | €142,833 | ▲ 8.5% |
| Recurring financial income75 | €52,675 | €100,220 | €71,008 | €131,624 | €142,833 | ▲ 8.5% |
| Non-recurring financial income76B | - | €261,217 | €0 | - | - | - |
| Financial charges65/66B | - | €208 | €35,356 | €27,241 | €65,753 | ▲ 141% |
| Recurring financial charges65 | €22,357 | €208 | €35,356 | €27,241 | €65,753 | ▲ 141% |
| Non-recurring financial charges66B | - | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €284,892 | €427,489 | €164,760 | €176,885 | €79,330 | ▼ 55.2% |
| Transfer from deferred taxes780 | - | €997 | €0 | - | - | - |
| Income taxes67/77 | €152,087 | €59,520 | €74,521 | €25,347 | €7,825 | ▼ 69.1% |
| Profit (loss) for the period9904 | €133,801 | €368,966 | €90,240 | €151,538 | €71,505 | ▼ 52.8% |
| Transfer from tax-exempt reserves789 | - | €3,988 | €63,000 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €137,789 | €372,953 | €153,240 | €151,538 | €71,505 | ▼ 52.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.3m | €6.7m | €6.5m | €6.3m | €6.2m | ▼ 1.5% |
| Fixed assets21/28 | €3.1m | €3.3m | €3.3m | €3.3m | €3.3m | ▼ 1.7% |
| Tangible fixed assets22/27 | €849,724 | €793,222 | €742,707 | €770,469 | €713,014 | ▼ 7.5% |
| Land and buildings22 | - | €293,921 | €280,739 | €271,168 | €261,842 | ▼ 3.4% |
| Furniture and vehicles24 | - | €31,061 | €23,816 | €91,230 | €73,094 | ▼ 19.9% |
| Other tangible fixed assets26 | - | €468,240 | €438,153 | €408,070 | €378,078 | ▼ 7.3% |
| Financial fixed assets28 | €2.3m | €2.6m | €2.6m | €2.6m | €2.6m | = |
| Current assets29/58 | €3.1m | €3.3m | €3.2m | €3.0m | €3.0m | ▼ 1.2% |
| Amounts receivable after more than one year29 | - | €110,000 | €110,000 | €110,000 | €75,000 | ▼ 31.8% |
| Other amounts receivable291 | - | €110,000 | €110,000 | €110,000 | €75,000 | ▼ 31.8% |
| Amounts receivable within one year40/41 | €139,524 | €118,226 | €162,100 | €109,419 | €213,924 | ▲ 95.5% |
| Trade receivables40 | - | €112,370 | €81,837 | €108,482 | €58,190 | ▼ 46.4% |
| Other amounts receivable41 | - | €5,856 | €80,264 | €938 | €155,734 | ▲ 16,510% |
| Current investments50/53 | €1.5m | €1.6m | €1.6m | €1.7m | €1.7m | ▲ 1.5% |
| Cash at bank and in hand54/58 | €1.4m | €1.4m | €1.2m | €1.1m | €953,641 | ▼ 12.0% |
| Deferred charges and accrued income490/1 | - | €28,164 | €22,578 | €15,922 | €14,347 | ▼ 9.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.3m | €6.7m | €6.5m | €6.3m | €6.2m | ▼ 1.5% |
| Equity10/15 | €5.1m | €5.5m | €5.4m | €5.2m | €5.0m | ▼ 3.8% |
| Contributions10/11 | €61,975 | €61,975 | €61,975 | €61,975 | €61,975 | = |
| Capital10 | - | €61,975 | €61,975 | €61,975 | €61,975 | = |
| Issued capital100 | - | €61,975 | €61,975 | €61,975 | €61,975 | = |
| Reserves13 | €5.1m | €5.4m | €5.4m | €5.2m | €5.0m | ▼ 3.8% |
| Non-distributable reserves130/1 | - | €6,198 | €6,198 | €6,198 | €6,198 | = |
| Legal reserve130 | - | €6,198 | €6,198 | €6,198 | €6,198 | = |
| Tax-exempt reserves132 | - | €63,382 | €382 | €382 | €382 | = |
| Distributable reserves133 | - | €5.4m | €5.4m | €5.1m | €5.0m | ▼ 3.9% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €15,997 | €0 | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €0 | - | - | - | - |
| Pensions and similar obligations160 | - | €0 | - | - | - | - |
| Deferred taxes168 | - | €0 | - | - | - | - |
| Amounts payable17/49 | €1.1m | €1.2m | €1.1m | €1.1m | €1.2m | ▲ 9.3% |
| Amounts payable after more than one year17 | €1.0m | €1.0m | €1.0m | €35,201 | €25,376 | ▼ 27.9% |
| Financial debts170/4 | - | €1.0m | €1.0m | €35,201 | €25,376 | ▼ 27.9% |
| Amounts payable within one year42/48 | €104,621 | €168,083 | €38,666 | €1.1m | €1.2m | ▲ 10.5% |
| Current portion of amounts payable after more than one year42 | - | €4,063 | €0 | €9,452 | €9,825 | ▲ 3.9% |
| Financial debts43 | - | €809 | €0 | €1.0m | €1.0m | ▼ 0.3% |
| Credit institutions430/8 | - | €809 | €0 | €1.0m | €1.0m | ▼ 0.3% |
| Trade debts44 | €3,307 | €8,418 | €28,191 | €24,797 | €5,057 | ▼ 79.6% |
| Suppliers440/4 | - | €8,418 | €28,191 | €24,797 | €5,057 | ▼ 79.6% |
| Taxes, remuneration and social security45 | - | €54,050 | €10,475 | €31,846 | €17,291 | ▼ 45.7% |
| Taxes450/3 | - | €54,050 | €10,475 | €31,846 | €17,291 | ▼ 45.7% |
| Other amounts payable47/48 | - | €100,743 | €0 | €2,084 | €152,889 | ▲ 7,237% |
| Accrued charges and deferred income492/3 | - | €5,442 | €11,564 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €133,801 | €368,966 | €90,240 | €151,538 | €71,505 | ▼ 52.8% |
| + Depreciation and write-downs630 | €61,627 | €62,710 | €50,515 | €57,998 | €62,966 | ▲ 8.6% |
| Operating cash flow (approximation) | €195,428 | €431,676 | €140,754 | €209,536 | €134,471 | ▼ 35.8% |
| Investment in fixed assets (approximation) | - | -€267,425 | €0 | -€85,759 | -€5,511 | ▲ 93.6% |
| Change in cash | - | €24,529 | -€184,033 | -€162,241 | -€129,610 | ▲ 20.1% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 82.13
Current ratio from 19.73 to 82.13; short-term debt falls from €168,083 to €38,666.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €368,966 ▲176%
Net result €368,966, the highest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 58 days late
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Sint-Martens-Latem · 1 establishment unit since 1999
Ground area
4,194 m²
Building footprint
259 m²
Volume, LiDAR
2,084 m³
Parcel 44064B0015/00Y000, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Latemstraat 153, 9830 Sint-Martens-Latem
since 19992.131.367.934
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0015/00Y000 | Flanders | 4,194 m² | 1 · 259 m² | 10.8 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
529900TPX7Y03MNU9524
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 8,135 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-12-1989
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0439491756
Also
9925:BE0439491756
Registered
19-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.