Equity
€49,769 from €224,490 in 2016
Equity fell by 78% in 8 years.
PGP
Overview
Lifetime
8 annual accounts with figures on one time axis, 9 filings since 2016peak -€4,371 (2017)
-€16,415▲ €7,691
lowest -€775,510 (2016)
-€17,182▲ €7,858
peak €224,490 (2016)
€49,769▲ 616%
€18,576▼ 63.3%
Board13 names since 2016all names
7 directorsMichael Gheysens and 6 others
Owners2 names in the annual accounts
50%GHELAMCO INVEST and 1 other
Documentsfilings and deeds
28-11-2025120 days late
2024financial year
Gross margin from -€24,106 to -€16,415Loss of €17,182Amendment of the articles · Legal-form change 16-04Equity from €6,952 to €49,769Debts from €50,629 to €18,576Cash from €523 to €2,928
Key points
from the 2024 annual accountsChecked score
52
Fair
Financially stronger than 55% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.8%
01-2025: 5.8%● unchanged vs 12-2024
02-2025: 7.5%▲ +1.7 percentage points vs 01-2025highest value
03-2025: 4.5%▼ -3.0 percentage points vs 02-2025
04-2025: 4.5%● unchanged vs 03-2025
05-2025: 4.5%● unchanged vs 04-2025
06-2025: 4.3%▼ -0.2 percentage points vs 05-2025
07-2025: 4.3%● unchanged vs 06-2025
08-2025: 4.8%▲ +0.5 percentage points vs 07-2025
09-2025: 5.3%▲ +0.5 percentage points vs 08-2025
10-2025: 6.6%▲ +1.3 percentage points vs 09-2025
11-2025: 6.0%▼ -0.6 percentage points vs 10-2025
12-2025: 6.8%▲ +0.8 percentage points vs 11-2025
01-2026: 1.9%▼ -4.9 percentage points vs 12-2025
02-2026: 1.9%● unchanged vs 01-2026
03-2026: 1.8%▼ -0.1 percentage points vs 02-2026
04-2026: 1.9%▲ +0.1 percentage points vs 03-2026
05-2026: 1.8%▼ -0.1 percentage points vs 04-2026
06-2026: 1.8%● unchanged vs 05-2026lowest value
07-2026: 1.8%● unchanged vs 06-2026
08-2026: 2.1%▲ +0.3 percentage points vs 07-2026
09-2026: 2.3%▲ +0.2 percentage points vs 08-2026
10-2026: 2.7%▲ +0.4 percentage points vs 09-2026
11-2026: 2.7%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 120 days late; 3 of the last 3 accounts late
Figures for financial year 2024 (filed on 03-12-2025)
Loss of €17,182, the second in a row (financial year 2024)
lowers risk
Sector: Real estate activities (NACE 68)
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 68, micro). It does better than 80% of them on solvency, 39% on liquidity, 4% on profitability and 99% 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 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 4,805 companies had the same profile as PGP has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PGP itself is higher: 2.7% within 12 months. It rests on far more data about PGP than the profile alone.
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 4,805 companies, not a prediction for PGP. 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 €2,500 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 3.68 (1.14 in 2023), above the usual 1.5. Short-term debt is 27.2% and cash 4.3% of total assets. 27.2% 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
Seven signals.
lowers riskraises risk
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 €49,769
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 9 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 120 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: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 9 filingsDeviation from the deadline
2025
not filed
2024
120 days late
2023
188 days late
2022
549 days late
2021
120 days late
2020
39 days early
2019
238 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 196 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Board and ownership
and 1 other
- GHELAMCO INVEST 50%score 93equity €91.2m (2025) · 2025 annual accounts of GHELAMCO INVEST
- NEO 48.01%score 86equity €111.4m (2025) · 2025 annual accounts of NEO
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0651652136
1 director appointed, 1 resignation, 5 reappointments
Reappointments: Opus Terrae SRL, Michael Gheysens, Thomas Simon, Gaspard Roald Aerden and Frederic Masil · Permanent representative: Paul Gheysens · Appointment: Marie-Julie Gheysens · General meeting of 2024-12 · Gazette deed
Amendment of the articles · Legal-form change
Legal-form conversion: from coöperatieve vennootschap met beperkte aansprakelijkheid to private limited company · General meeting of 22-12-2023 · Gazette deed
Appointment: FINVISION BEDRIJFSREVISOREN SRL (statutory auditor)
Permanent representative: DIETER ENGELEN · General meeting of 11-11-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PGP Brussels | - | - | 72.8% | - |
| Groot-Bijgaarden Centre Ixelles | €240,165 | 0.1% | -1042.5% | - |
| BVM TECHNICS Kapelle-op-den-Bos | - | - | -1.9% | - |
| EQUI-LIBRE PADDOCK PARADISE DES HAUTS-PAYS Honnelles | €49,023 | -64.2% | -131.5% | - |
| EVRIPOS Liège | - | - | -33.9% | - |
| Liina Schilde | - | - | -25.7% | - |
| BKK Schilde | - | - | 91.7% | - |
These companies have the same main activity as PGP: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €50,500 and €81,900, founded between 2013 and 2018.
Official details
Source: KBO- Status
- Active since 06-04-2016Normal situation
- Registered office
- 31 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 1 other
- Establishment unit
- 2.254.601.6821020 Brussels, since 06-04-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 01-12-2025
Annual accounts 2024
- -€16,415▲ 31.9%
- €17,182▼ 31.4%
- €49,769▲ 616%
- €68,345▲ 18.7%
- Filing
- Filed on 28-11-2025
Insights on PGP
The gross margin has grown every year since 2020. Solvency rose in 2024 from 12.1% to 72.8% because of lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2024
full format, filed on 28-11-2025, 120 days late2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 10 November 2026.
-€16,415
▲ €7,691
-€16,802
▲ €7,859
-€17,182
▲ €7,858
€49,769
▲ 616%
72.8%
▲ 60.7 percentage points
3.68
▲ 2.54
Turnover: not included in this filing.
Balance sheet
balance sheet total €68,345 on 31-12-2024What the company ownsHow it is paid for
in euro
in euro
Position in the sector
72.8%
Higher than 80% of 4,789 companies in 2024.
3.68
Higher than 77% of 4,609 companies in 2024.
-25.1%
Lower than 95% of 4,765 companies in 2024.
PGP
Middle half of the sector
80% of the sector
Full accounts in real estate (NACE 68)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
68,345 | 57,581 | 184,289 | 83,354 | 236,231 | 833,432 | 811,724 | 1.1m | |
29/58 |
68,345 | 57,581 | 184,289 | 83,354 | 236,231 | 833,432 | 811,724 | 1.1m | |
40/41 |
65,228 | 56,669 | 168,542 | 44,156 | 162,650 | 21,708 | 135,658 | 55,282 | |
40 |
457 | 293 | 100,293 | 0 | 137,351 | - | - | - | |
41 |
64,770 | 56,376 | 68,249 | 44,156 | 25,299 | 21,708 | 135,658 | 55,282 | |
54/58 |
2,928 | 523 | 15,747 | 39,198 | 73,581 | 811,724 | 676,067 | 1.0m | |
490/1 |
190 | 389 | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
68,345 | 57,581 | 184,289 | 83,354 | 236,231 | 833,432 | 811,724 | 1.1m | |
10/15 |
49,769 | 6,952 | 31,992 | 53,186 | 63,587 | 207,294 | 215,169 | 224,490 | |
10/11 |
1.6m | 1.5m | 1.5m | 1.5m | 1.3m | 1.0m | 1.0m | 1.0m | |
10 |
- | - | 1.5m | 1.5m | - | - | - | - | |
100 |
- | - | 2.0m | 2.0m | 2.0m | 1.0m | 1.0m | 1.0m | |
101 |
- | - | 510,000 | 550,000 | 750,000 | - | - | - | |
14 |
-1.5m | -1.5m | -1.5m | -1.4m | -1.2m | -792,706 | -784,831 | -775,510 | |
17/49 |
18,576 | 50,629 | 152,297 | 30,168 | 172,645 | 626,138 | 596,556 | 830,793 | |
42/48 |
18,576 | 50,629 | 152,297 | 30,168 | 172,645 | 626,138 | 596,556 | 830,793 | |
43 |
63 | - | - | - | - | - | - | - | |
430/8 |
63 | - | - | - | - | - | - | - | |
44 |
18,513 | 27,375 | 131,235 | 9,105 | 132,143 | 624,396 | 593,964 | 830,373 | |
440/4 |
18,513 | 27,375 | 131,235 | 9,105 | 132,143 | 624,396 | 593,964 | 830,373 | |
45 |
- | - | - | - | - | - | 2,172 | - | |
450/3 |
- | - | - | - | - | - | 2,172 | - | |
47/48 |
0 | 23,254 | 21,063 | 21,063 | 40,501 | 1,742 | 420 | 420 | |
| Income statement | |||||||||
9900 |
-16,415 | -24,106 | -60,747 | -209,932 | -368,511 | -7,501 | -4,371 | -775,152 | |
640/8 |
387 | 556 | 348 | 348 | 1,033 | 348 | 348 | 358 | |
66A |
- | - | - | - | - | - | 4,300 | - | |
9901 |
-16,802 | -24,662 | -61,095 | -210,279 | -369,544 | -7,848 | -9,018 | -775,510 | |
65/66B |
380 | 378 | 100 | 121 | 121 | 27 | 303 | - | |
65 |
380 | 378 | 100 | 121 | 121 | 27 | 303 | - | |
9903 |
-17,182 | -25,040 | -61,195 | -210,400 | -369,665 | -7,875 | -9,321 | -775,510 | |
9904 |
-17,182 | -25,040 | -61,195 | -210,400 | -369,665 | -7,875 | -9,321 | -775,510 | |
9905 |
-17,182 | -25,040 | -61,195 | -210,400 | -369,665 | -7,875 | -9,321 | -775,510 | |
| Appropriation of the result | |||||||||
9906 |
-1.5m | -1.5m | -1.5m | -1.4m | -1.2m | -792,706 | -784,831 | -775,510 | |
14P |
-1.5m | -1.5m | -1.4m | -1.2m | - | - | - | - | |
| Document | |||||||||
The notes to these accounts have 1 item. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 28-11-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 28-11-2025 | 2025-00574753 | |
| 31-12-2023 | full format | 04-02-2025 | 2025-00027942 | |
| 31-12-2022 | full format | 30-01-2025 | 2025-00021461 | |
| 31-12-2021 | full format | 28-11-2022 | 2022-20526428 | |
| 31-12-2020 | full format | 22-06-2021 | 2021-22700247 | |
| 31-12-2019 | full format | 26-03-2021 | 2021-08600232 | |
| 31-12-2018 | full format | 23-07-2019 | 2019-36900052 | |
| 31-12-2017 | full format | 23-07-2019 | 2019-36900028 | |
| 31-12-2016 | full format | 23-07-2019 | 2019-36900014 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| 2,405 | -15,224 | -23,451 | -34,383 | - | 135,658 | -323,933 | - | ||
| 49,769 | 6,952 | 31,992 | 53,186 | 63,587 | 207,294 | 215,169 | 224,490 | ||
| 72.8% | 12.1% | 17.4% | 63.8% | 26.9% | 24.9% | 26.5% | 21.3% | ||
| 3.68 | 1.14 | 1.21 | 2.76 | 1.37 | 1.33 | 1.36 | 1.27 | ||
| 0.37 | 7.28 | 4.76 | 0.57 | 2.72 | 3.02 | 2.77 | 3.70 | ||
| -34.5% | -360.2% | -191.3% | -395.6% | -581.4% | -3.8% | -4.3% | -345.5% | ||
| -25.1% | -43.5% | -33.2% | -252.4% | -156.5% | -0.9% | -1.1% | -73.5% |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on PGP
The operating result for 2024 is a loss of €16,802, smaller than the loss of €24,662 in 2023.
Debt's share of the balance-sheet total falls from 87.9% to 27.2%. Equity is higher and debt is lower.
Board & ownership
Board
6 directors, 1 auditor, last change in 2025OPUS TERRAE BV
Chair of the board and director, permanent representative Paul Gheysens
chair of the board appointed by deed of 08-08-2019
director current term since 31-12-2024
term until 31-12-2029
also on the board of 41 other companies
listed in the 2024 annual accounts, filed on 28-11-2025
Director
since 25-03-2016
5-year term from 2025
listed in the 2024 annual accounts, filed on 28-11-2025
Director
since 31-12-2024
5-year term from 2025
listed in the 2024 annual accounts, filed on 28-11-2025
Statutory auditor, permanent representative DIETER ENGELEN
appointed by deed of 14-08-2019
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Article 22 - Représentation de la société La société est représentée, y compris dans les actes et en justice (en ce compris devant le…”deed of 25-11-2019
Permanent representatives 1
Mandates through the years
13 names, the dashed line is todayMichael Gheysens
Director
Director
OPUS TERRAE
Chair of the board, Director
Chair of the board, Director
Masil Frederic
Director
Director
Gaspard Roald Aerden
Director
Director
Thomas Simon
Director
Director
Marie-Julie Gheysens
Director
Director
Finvision Bedrijfsrevisoren
Statutory auditor
Statutory auditor
Simon Gheysens
Director
Director
Henri DINEUR
Director
Director
Raphaël Jehotte
Director
Director
Finvision Accountancy, Tax & Legal
Statutory auditor
Statutory auditor
Dirk De Smedt
Director
Director
Yves Goldstein
Director
Director
LeadershipBoardEarlierRest of the termmandate already running before its first mentionend not dated
Mandates as a list
- Michael Gheysens
- Director, from 25-03-2016 to 19-05-2020
- Director, until 19-05-2020
- Director, appointed by deed of 25-01-2021, still in office
- OPUS TERRAE
- Director, from 25-03-2016 to 19-05-2020
- Chair of the board, appointed by deed of 08-08-2019, still in office
- Director, until 19-05-2020
- Director, appointed by deed of 25-01-2021, still in office
- Masil Frederic
- Director, appointed by deed of 08-08-2019, until 19-05-2020
- Director, appointed by deed of 25-01-2021, still in office
- Gaspard Roald Aerden
- Director, from 19-05-2020 to date
- Thomas Simon
- Director, from 19-05-2020 to date
- Marie-Julie Gheysens
- Director, since before 31-12-2024
- Finvision Bedrijfsrevisoren
- Statutory auditor, from 19-07-2019 to date
- Simon Gheysens
- Director, from 25-03-2016 to 19-05-2020
- Director, until 19-05-2020
- Director, appointed by deed of 25-01-2021, until 04-03-2025
- Henri DINEUR
- Daily management delegate, appointed by deed of 08-08-2019, ended, last mentioned on 08-08-2019
- Director, until 19-05-2020
- Director, until 19-05-2020
- Raphaël Jehotte
- Director, appointed by deed of 08-08-2019, until 19-05-2020
- Finvision Accountancy, Tax & Legal
- Statutory auditor, appointed by deed of 14-08-2019, until 14-08-2019
- Dirk De Smedt
- Director, until 17-05-2017
- Director, until 08-08-2019
- Yves Goldstein
- Director, until 09-05-2019
- Director, until 08-08-2019
Control
50%
This company
PGP
Equity €49,769
Loss €17,182 in 2024
Capital
- Contribution
- €1,550,000
- Source
- 2024 annual accounts
Owners through the years
as the annual accounts name themOwners as a list
Source: lists of holdings in the owners' accounts
Articles of association
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 16-04-2024 (in Dutch)
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- 6 directorsdeed of 16-04-2024 (in Dutch)
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Elke Overdracht onderworpen”“Voorkooprecht Soort A-Aandelen, Termijn van Voorkoop”“Overdracht aan Derde Soort A-Aandelen, geen koper na voorkoopprocedure 10.4”deed of 16-04-2024 (in Dutch)
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- “Article 25 - Réunions et convocations 25.1 Les assemblées se réunissent au siège social ou à l'endroit indiqué dans la convocation, à…”deed of 25-11-2019 (in French)
Shareholders
2 ownersOwners 2
- Equity €91.2m Loss of €12.4m in 2025 (loss of €156.1m in 2024) Checked score 9350%
- Equity €111.4m Loss of €1.7m in 2025 (loss of €1.1m in 2024) Checked score 86Sourceaccounts NEO 202548.01%
Capital transactions
Shareholders according to the deeds
After the capital increase
deed of 25-11-2019 ↗
- Ghelamco Invest NV (BE 0431.572.596) 20,000 shares · in cash
Stated in the deed
deed of 08-08-2019 ↗
- Neo CVBA
Capital over time
- 16-04-2024 Converted to unavailable equity
- 25-11-2019 Capital increase of €1,000,000 · 20,000 new shares · in cash
Network & group
No group
PGP has no parent and no holdings in its annual accounts.
At the same address
Belgieplein 1, 1020 Brussels · 30 other companies| Gom
establishment since 27-11-2013 · founded in 1974 |
1,948 FTE (2025) 0414.600.566 |
| NEO
registered office since 16-05-2014 · founded in 2014 |
total assets €112.2m (2025) 0552.737.177 |
| Brussels Expo
registered office since 01-01-1936 · founded in 1936 |
53 FTE (2025) 0406.655.573 |
| PQ BELGIUM
establishment since 17-11-2017 · founded in 2009 · negative equity (2025) |
364 FTE (2025) 0810.307.316 |
| Atomium
establishment since 01-12-2015 · founded in 1955 |
45 FTE (2025) 0407.837.587 |
| SABAI SABAI
establishment since 10-01-2019 · founded in 2002 |
32 FTE (2025) 0478.299.872 |
| Brussels Expo Catering Services
registered office since 26-07-2017 · founded in 2017 |
7.3 FTE (2025) 0670.726.888 |
| BUNZ
establishment since 01-01-2020 · founded in 2010 · negative equity (2025) · group TIMELESS INVESTMENTS |
108 FTE (2025) 0831.280.397 |
| PP 2.0
establishment since 11-01-2018 · founded in 2014 |
104 FTE (2025) 0506.755.021 |
| FOOD PROJECT
establishment since 23-09-2022 · founded in 2018 · negative equity (2025) |
17 FTE (2025) 0714.972.647 |
Earlier ties
| Union des Anciens Etudiants de l'Universite Libre de Bruxelles via Raphaël Jehotte, at PGP until 2020 · Director · deed of 27-02-2023 founded in 1948 · accounts filed late |
1.2 FTE (2021) |
| Brusselse Gewestelijke Huisvestingsmaatschappij - Société du Logement de la Région bruxelles-capitale via Raphaël Jehotte, at PGP until 2020 · Director · deed of 31-03-2022 founded in 1985 |
total assets €2.37bn (2025) |
| SMALS via Raphaël Jehotte, at PGP until 2020 · Director · deed of 25-08-2014 founded in 1940 |
2,223 FTE (2025) |
| Ancienne Belgique via Masil Frederic, no longer at Ancienne Belgique · Director founded in 1985 |
71 FTE (2025) |
| Koninklijke Vlaamse Schouwburg via Masil Frederic, no longer at Koninklijke Vlaamse Schouwburg · Director · deed of 07-09-2018 founded in 1977 |
58 FTE (2025) |
| FREMAN via Masil Frederic, no longer at FREMAN · Director · deed of 04-05-2020 founded in 2020 |
total assets €127,946 (2025) |
Show 1 more earlier tie
| BARRE WELDAAD via Masil Frederic, no longer at BARRE WELDAAD · Director No longer active |
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Timeline
Timeline
22 events since 2016Board
Capital
Filings
Financial
Establishments
Other
201620182020202220242026
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0651652136
Annual accounts 2024 filed PDFfull format · 120 days late
1 director appointed, 1 resignation, 5 reappointmentsReappointments: Opus Terrae SRL, Michael Gheysens, Thomas Simon, Gaspard Roald Aerden and Frederic Masil · Permanent representative: Paul Gheysens · Appointment: Marie-Julie Gheysens · General meeting of 2024-129 points ▸
- General meeting, 2024-12
- Director reappointment, Opus Terrae SRL
- Director reappointment, Michael Gheysens
- Permanent representative, Paul Gheysens
- Director appointment, Marie-Julie Gheysens
- Director resignation, Simon Gheysens
- Director reappointment, Thomas Simon
- Director reappointment, Gaspard Roald Aerden
- Director reappointment, Frederic Masil
Annual accounts 2023 filed PDFfull format · 188 days late
Annual accounts 2022 filed PDFfull format · 549 days late
2024
Liquidity more than triples current ratio 3.68 The current ratio rises from 1.14 to 3.68. Short-term debt falls from €50,629 to €18,576.
Amendment of the articles · Legal-form changeLegal-form conversion: from coöperatieve vennootschap met beperkte aansprakelijkheid to private limited company · General meeting of 22-12-20233 points ▸
- Power of attorney, Gérard INDEKEU
- General meeting, 22-12-2023
- Legal-form conversion, from coöperatieve vennootschap met beperkte aansprakelijkheid to private limited company
- The deed holds 4 more points.
2023
Appointment: FINVISION BEDRIJFSREVISOREN SRL (statutory auditor)Permanent representative: DIETER ENGELEN · General meeting of 11-11-20223 points ▸
- General meeting, 11-11-2022
- Auditor appointment, FINVISION BEDRIJFSREVISOREN SRL (statutory auditor)
- Permanent representative, DIETER ENGELEN
2022
Annual accounts 2021 filed PDFfull format · 120 days late
2021
Liquidity doubles current ratio 2.76 The current ratio rises from 1.37 to 2.76. Short-term debt falls from €172,645 to €30,168.
Annual accounts 2020 filed PDFfull format · 39 days before the deadline
Annual accounts 2019 filed PDFfull format · 238 days late
6 directors appointed, 6 resignationsResignations: OPUS TERRAE BV, Michael GHEYSENS, Simon GHEYSENS, Fréderic MASIL, Raphaël JEHOTTE and Henri DINEUR · Appointments: OPUS TERRAE BV, Michael GHEYSENS, Simon GHEYSENS, Gaspard Roald AERDEN, Fréderic MASIL and Thomas SIMON · Permanent representative: Paul GHEYSENS · General meeting of 08-09-202020 points ▸
- General meeting, 08-09-2020
- Director resignation, OPUS TERRAE BV
- Director resignation, Michael GHEYSENS
- Director resignation, Simon GHEYSENS
- Director resignation, Fréderic MASIL
- Director resignation, Raphaël JEHOTTE
- Director resignation, Henri DINEUR
- Director appointment, OPUS TERRAE BV
- Director appointment, Michael GHEYSENS
- Director appointment, Simon GHEYSENS
- Director appointment, Gaspard Roald AERDEN
- Director appointment, Fréderic MASIL
- Director appointment, Thomas SIMON
- Permanent representative, Paul GHEYSENS
- Board composition, OPUS TERRAE BV (director)
- Board composition, Michael GHEYSENS (director)
- Board composition, Simon GHEYSENS (director)
- Board composition, Fréderic MASIL (director)
- Board composition, Gaspard Roald AERDEN (director)
- Board composition, Thomas SIMON (director)
- The deed holds 2 more points.
2019
Capital increase of €1,000,00020,000 new shares · Board meeting of 15-10-20195 points ▸
- Board meeting, 15-10-2019
- General meeting, 19-07-2019
- Capital increase, €1,000,000
- Capital, €2,000,000, 40,000 shares
- 40,000 shares
2 statutory auditors appointedFINVISION SPRL (statutory auditor) and FINVISION BEDRIJFSREVISOREN SPRL (statutory auditor) · Permanent representative: Dieter Engelen · General meeting of 19-07-20195 points ▸
- General meeting, 03-06-2019
- Auditor appointment, FINVISION SPRL (statutory auditor)
- Permanent representative, Dieter Engelen, mentioned twice in the deed
- General meeting, 19-07-2019
- Auditor appointment, FINVISION BEDRIJFSREVISOREN SPRL (statutory auditor)
- The deed holds 2 more points.
2 directors appointedOpus Terrae BVBA (chair of the board) and Henri Dineur (day-to-day manager) · Permanent representative: Paul Gheysens · Board meeting of 25-03-20164 points ▸
- Board meeting, 25-03-2016
- Director appointment, Opus Terrae BVBA (chair of the board)
- Permanent representative, Paul Gheysens
- Director appointment, Henri Dineur (day-to-day manager)
2 directors appointed, 2 resignationsResignations: Dirk De Smedt and Yves Goldstein · Appointments: Frédéric Masil and Raphaël Jehotte · Neo CVBA is a shareholder · Board meeting of 09-05-20196 points ▸
- Board meeting, 09-05-2019
- Director resignation, Dirk De Smedt
- Director appointment, Frédéric Masil
- Director resignation, Yves Goldstein
- Director appointment, Raphaël Jehotte
- Neo CVBA is a shareholder
- The deed holds 5 more points.
Annual accounts 2016 filed PDFfull format · 722 days late
Annual accounts 2017 filed PDFfull format · 357 days late
Annual accounts 2018 filed PDFfull format · 8 days before the deadline
Financial milestones sit on the financial year-end date, not the filing date.
A deed published in both Dutch and French appears here once.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0651.652.136
- VAT number
- BE 0651.652.136
- Peppol ID
- 0208:0651652136
- Other Peppol ID
- 9925:BE0651652136
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 06-04-2016
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- “Article 25 - Réunions et convocations 25.1 Les assemblées se réunissent au siège social ou à l'endroit indiqué dans la convocation, à…”deed of 25-11-2019 (in French)
- Peppol
- Reachable since 01-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- PGP in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 16-04-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Brussels Hoofdstedelijk Gewest”deed of 16-04-2024 (in Dutch)
Activities
NACEBEL 202568203
Renting and operating of own or leased non-residential real estate, excluding land main activity
Codes under NACEBEL 2008
68203
Real estate rental main activity
68201
Real estate activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Iedere activiteit verbonden aan de renovatie of de bouw van alle onroerende goederen die rechtstreeks of onrechtstreeks verband houden met…”deed of 16-04-2024 (in Dutch)
18 activities
- Iedere activiteit verbonden aan de renovatie of de bouw van alle onroerende goederen die rechtstreeks of onrechtstreeks verband houden met het activiteitendomein van mobiliteits- of parkeerinfrastructuur en met het beheer en de valorisatie hiervan;
- Iedere activiteit verbonden aan het onderhoud en de herstelling van enig onroerend goed dat rechtstreeks of onrechtstreeks verband houdt met het activiteitendomein van mobiliteits- of parkeerinfrastructuur;
- Het delegeren van haar hoedanigheid van bouwheer,alsook de verantwoordelijkheid voor alle herinrichtings- of andere werken aan om het even welke private of publieke rechtspersoon,en dit volgens de modaliteiten en binnen de perken die zij bepaalt;
- Het beheer van alle onroerende goederen of van alle onroerende zakelijke rechten,het delegeren van dit beheer inbegrepen;
- Het investeren in en verwerven van alle onroerende goederen of zakelijke rechten op een bebouwd of onbebouwd onroerend goed;
- Het vervreemden of vestigen van onroerende zakelijke rechten op alle onderdelen van haar patrimonium;
- Het beheer van alle diensten en prestaties met betrekking tot het activiteitendomein dat verband houdt met de exploitatie van mobiliteits- of parkeerinfrastructuur.
- Alle operaties en technologische vernieuwingen opstarten en doorvoeren die gericht zijn op de automatisering van een parkeer- en mobiliteitsinfrastructuur en het faciliteren van het gebruik van deze infrastructuur voor haar gebruikers door middel van computertools of informatie- en communicatietechnologie.Hiertoe mag de vennootschap iedere commerciële samenwerking opstarten en afsluiten met Belgische en buitenlandse ondernemingen die rechtstreeks of onrechtstreeks actief zijn in de technologiesector en dit in de breedst mogelijke zin;
- Het operationeel beheer uitoefenen van gebouwen en activiteiten verbonden aan de exploitatie van mobiliteits- en parkeerinfrastructuur gelegen op het Belgisch grondgebied;alle operaties verrichten die haar operationele beheersactiviteit rechtstreeks of onrechtstreeks kunnen bevorderen;
- Het nodige personeel aanwerven om te voorzien in haar dagelijkse operationele beheersactiviteiten;
- Met derden elk soort contract sluiten dat er rechtstreeks of onrechtstreeks kan toe bijdragen dat de vennootschap haar voorwerp verwezenlijkt;
- Al haar materiële en niet-materiële roerende en onroerende goederen gebruiken en vervreemden;
- Alle soorten voorschotten,kredieten of leningen toestaan,met of zonder waarborgen,met betrekking tot de bouw,de inrichting,de ontwikkeling of het beheer van mobiliteits- en parkeerinfrastructuur gelegen op het Belgisch grondgebied;
- Waarborgen samenstellen en zekerheden stellen in verband met de bouw,de inrichting,de ontwikkeling of het beheer van mobiliteits- en parkeerinfrastructuur gelegen op het Belgisch grondgebied;
- Prestaties verstrekken aan derden en de hieraan verbonden inkomsten innen;
- Subsidies ontvangen van alle publiekrechtelijke rechtspersonen;
- Door middel van een inbreng,overdracht,fusie,inschrijving,deelneming of elke andere vorm van investering in roerende effecten of rechten,financiële tussenkomst of anderszins met beheersparticipatie,een belang verwerven in alle publiek- of privaatrechtelijke zaken,ondernemingen,verenigingen,instellingen of vennootschappen in België of in het buitenland,waarvan het voorwerp verband houdt met de inrichting of de ontwikkeling van iedere mobiliteits- en parkeerinfrastructuur;en
- Alle onroerende,financiële,industriële,commerciële of burgerrechtelijke verrichtingen uitvoeren die rechtstreeks of onrechtstreeks verband houden met haar voorwerp.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Belgiëplein 1 registered office 1020 Brussels 68201 Renting and operating of own or leased residential real estate, excluding social housing | 06-04-2016 | 2.254.601.682 |
Buildings and parcels at the address
- Ground area
- 19.8 ha
- Buildings
- 14.8 ha
- Volume, LiDAR
- 2,150,460 m³
- Tallest building
- 42.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21818A0031/00F002 | 19.8 ha | 1 · 14.8 ha | 42.8 m · 5 |