PGP
ActiveSummary
The annual accounts of PGP for fiscal year 2024 show a net loss of 247% of the equity at the start of that year. The 2024 annual accounts show equity of €50k and a net result of €-17k. Equity is shrinking by ~41.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 79% of 4809 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency98▲+61
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 3.68 against 1.14 in 2023; short-term debt: 27.2% and cash: 4.3% of total assets), and 27.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
72.8%
Return on assets
-25.1%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
182021222324
2018 to 2024 · latest year €50k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-11-2025, 120 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
120 d late
2023
188 d late
2022
549 d late
2021
120 d late
2020
39 d early
2019
238 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-17k▲ 31.4%
2023 · €-25k
2018: €-8khighest value
2020: €-370klowest value
2021: €-210k▲ +43.1% vs 2020
2022: €-61k▲ +70.9% vs 2021
2023: €-25k▲ +59.1% vs 2022
2024: €-17k▲ +31.4% vs 2023
2018 → 2024
Working capital
€50k▲ 616%
2023 · €7k
2018: €207khighest value
2020: €64k
2021: €53k▼ -16.4% vs 2020
2022: €32k▼ -39.9% vs 2021
2023: €7k▼ -78.3% vs 2022lowest value
2024: €50k▲ +616% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€64k-€53k▼ 16.4%€32k▼ 39.9%€7k▼ 78.3%€50k▲ 616%
2020: €64khighest in 5 years
2021: €53k▼ -16.4% vs 2020
2022: €32k▼ -39.9% vs 2021
2023: €7k▼ -78.3% vs 2022lowest in 5 years
2024: €50k▲ +616% vs 2023
Operating result€-370k-€-210k▲ 43.1%€-61k▲ 70.9%€-25k▲ 59.6%€-17k▲ 31.9%
2020: €-370klowest in 5 years
2021: €-210k▲ +43.1% vs 2020
2022: €-61k▲ +70.9% vs 2021
2023: €-25k▲ +59.6% vs 2022
2024: €-17k▲ +31.9% vs 2023highest in 5 years
Net result€-370k-€-210k▲ 43.1%€-61k▲ 70.9%€-25k▲ 59.1%€-17k▲ 31.4%
2020: €-370klowest in 5 years
2021: €-210k▲ +43.1% vs 2020
2022: €-61k▲ +70.9% vs 2021
2023: €-25k▲ +59.1% vs 2022
2024: €-17k▲ +31.4% vs 2023highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2024 against €25k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €68k
Equity
€50k ▲ 616%
Debt
€19k ▼ 63.3%
Debt's share of the balance-sheet total falls from 87.9% to 27.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
3.68▲
2023 · 1.14
Debt to equity
0.37▼
2023 · 7.28
ROE
-34.5%▲
2023 · -360.2%
ROA
-25.1%▲
2023 · -43.5%
Debt ≤ 1 year
€19k▼
2023 · €51k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 28 lines
Balance sheet
Code20232024
Assets
Total assets20/58€58k€68k▲
Current assets29/58€58k€68k▲
Amounts receivable within one year40/41€57k€65k▲
Trade receivables40€293€457▲
Other amounts receivable41€56k€65k▲
Cash at bank and in hand54/58€523€3k▲
Deferred charges and accrued income490/1€389€190▼
Equity and liabilities
Total equity and liabilities10/49€58k€68k▲
Equity10/15€7k€50k▲
Contributions10/11€1.49M€1.55M▲
Profit (loss) carried forward14€-1.48M€-1.50M▼
Amounts payable17/49€51k€19k▼
Amounts payable within one year42/48€51k€19k▼
Financial debts43-€63
Credit institutions430/8-€63
Trade debts44€27k€19k▼
Suppliers440/4€27k€19k▼
Other amounts payable47/48€23k€0▼
Income statement
Code20232024
Other operating charges640/8€556€387▼
Gross operating margin9900€-24k€-16k▲
Operating profit (loss)9901€-25k€-17k▲
Financial charges65/66B€378€380▲
Recurring financial charges65€378€380▲
Profit (loss) for the period before taxes9903€-25k€-17k▲
Profit (loss) for the period9904€-25k€-17k▲
Profit (loss) for the period to be appropriated9905€-25k€-17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.48M€-1.50M▼
Profit (loss) brought forward from the previous period14P€-1.46M€-1.48M▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €348 | €348 | €556 | €387 | ▼ 30.3% |
| Gross operating margin9900 | €-369k | €-210k | €-61k | €-24k | €-16k | ▲ 31.9% |
| Operating profit (loss)9901 | €-370k | €-210k | €-61k | €-25k | €-17k | ▲ 31.9% |
| Financial charges65/66B | - | €121 | €100 | €378 | €380 | ▲ 0.5% |
| Recurring financial charges65 | €121 | €121 | €100 | €378 | €380 | ▲ 0.5% |
| Profit (loss) for the period before taxes9903 | €-370k | €-210k | €-61k | €-25k | €-17k | ▲ 31.4% |
| Profit (loss) for the period9904 | €-370k | €-210k | €-61k | €-25k | €-17k | ▲ 31.4% |
| Profit (loss) for the period to be appropriated9905 | €-370k | €-210k | €-61k | €-25k | €-17k | ▲ 31.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €236k | €83k | €184k | €58k | €68k | ▲ 18.7% |
| Current assets29/58 | €236k | €83k | €184k | €58k | €68k | ▲ 18.7% |
| Amounts receivable within one year40/41 | €163k | €44k | €169k | €57k | €65k | ▲ 15.1% |
| Trade receivables40 | - | €0 | €100k | €293 | €457 | ▲ 56.1% |
| Other amounts receivable41 | - | €44k | €68k | €56k | €65k | ▲ 14.9% |
| Cash at bank and in hand54/58 | €74k | €39k | €16k | €523 | €3k | ▲ 460% |
| Deferred charges and accrued income490/1 | - | - | - | €389 | €190 | ▼ 51.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €236k | €83k | €184k | €58k | €68k | ▲ 18.7% |
| Equity10/15 | €64k | €53k | €32k | €7k | €50k | ▲ 616% |
| Contributions10/11 | €1.25M | €1.45M | €1.49M | €1.49M | €1.55M | ▲ 4.0% |
| Capital10 | - | €1.45M | €1.49M | - | - | - |
| Issued capital100 | - | €2.00M | €2.00M | - | - | - |
| Uncalled capital101 | - | €550k | €510k | - | - | - |
| Profit (loss) carried forward14 | €-1.19M | €-1.40M | €-1.46M | €-1.48M | €-1.50M | ▼ 1.2% |
| Amounts payable17/49 | €173k | €30k | €152k | €51k | €19k | ▼ 63.3% |
| Amounts payable within one year42/48 | €173k | €30k | €152k | €51k | €19k | ▼ 63.3% |
| Financial debts43 | - | - | - | - | €63 | - |
| Credit institutions430/8 | - | - | - | - | €63 | - |
| Trade debts44 | €132k | €9k | €131k | €27k | €19k | ▼ 32.4% |
| Suppliers440/4 | - | €9k | €131k | €27k | €19k | ▼ 32.4% |
| Other amounts payable47/48 | - | €21k | €21k | €23k | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-370k | €-210k | €-61k | €-25k | €-17k | ▲ 31.4% |
| Operating cash flow (approximation) | €-370k | €-210k | €-61k | €-25k | €-17k | ▲ 31.4% |
| Change in cash | - | €-34k | €-23k | €-15k | €2k | ▲ 116% |
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
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 120 days late
04-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 188 days late
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 549 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 3.68
Current ratio from 1.14 to 3.68; short-term debt falls from €51k to €19k.
2022
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 120 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 2.76
Current ratio from 1.37 to 2.76; short-term debt falls from €173k to €30k.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
26-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 238 days late
2020
31-12
Financial
Weakest financial yearnet €-370k
Net result drops to €-370k, the lowest in the series; recovery starts the following year.
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 357 days late
23-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 722 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
14 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, Brussel · 1 establishment unit since 2016
Ground area
19.8 ha
Building footprint
14.8 ha
Volume, LiDAR
2,150,460 m³
Parcel 21818A0031/00F002, Brussels · tallest building 42.8 m, ±5 floors. Linked by address, not a title deed.
29
companies at this address
See who is registered here
1 establishment unit
PGP
since 20162.254.601.682
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818A0031/00F002 | Brussels | 19.8 ha | 1 · 14.8 ha | 42.8 m · 5 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.
Similar companies · same sector, comparable size
BARIO
BE 0790.289.484
Maldegem · Eq €49,783
Axis Real Estate
BE 0681.774.594
Mont-Saint-Guibert · Eq €49,702
TRACS IMMO
BE 0449.650.230
Tessenderlo · Eq €49,652
LA HULPE 177
BE 0832.128.554
Watermaal-Bosvoorde · Eq €49,607
FRACLA
BE 0830.629.707
Dour · Eq €49,973
Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. 3,097 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
Founded06-04-2016
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.