Skip to content

PGS Antwerp

Active
Public limited companyfounded 20224 yrs activeMulhouselaan-Noord 5-7, 2030 Antwerpen, BelgiumKBO/BCE: BE 0788.744.909
Summary

PGS Antwerp has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €286,910 and a net result of -€9,568. Equity is shrinking by ~16% per year across the filed fiscal years. Its solvency ranks better than 70% of 795 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisWatch ReportCompare
PGS AntwerpActiveChecked score 70/100
Risk analysis ReportCompare

Overview

Activity
Logistics services
NACE 52250NACE 52290
1 site
Size
€498,994total assets 2025
Staff
1.6 FTE
Equity
€286,910
Loss
-€9,568
Net result +99%: other schema
Financial health
70 Healthy Checked score 2025
Bankruptcy chance 12 m
0.6%
Structure
Accounts 31 d early0 of 4 deeds read
Why 70- 1 change of registered office in 24 months- Founded in 2022- Sector Warehousing and support activities for transportation (NACE 52)+ Liquidity: current ratio 2.08, cash €298,806, halvedShow the evidence

Checked score

Score 2025
70 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 49% of its sector peers (NACE 52, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 82+50
equity 57.5% of total assets
Liquidity 80+30
short-term debt 42.5% · cash 59.9%
Profitability 21+21
return on assets -1.9%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (2,281 companies)
Last 24 months 11-2024: 4.0%highest value 12-2024: 4.0%● 0.0% vs 11-2024highest value 01-2025: 3.0%▼ -25.7% vs 12-2024 02-2025: 3.0%● 0.0% vs 01-2025 03-2025: 2.9%▼ -3.0% vs 02-2025 04-2025: 3.0%▲ +4.3% vs 03-2025 05-2025: 3.0%▼ -0.6% vs 04-2025 06-2025: 3.4%▲ +13.6% vs 05-2025 07-2025: 3.6%▲ +4.9% vs 06-2025 08-2025: 1.5%▼ -56.6% vs 07-2025 09-2025: 1.5%● 0.0% vs 08-2025 10-2025: 2.4%▲ +54.1% vs 09-2025 11-2025: 2.4%● 0.0% vs 10-2025 12-2025: 2.4%● 0.0% vs 11-2025 01-2026: 2.4%▼ -0.5% vs 12-2025 02-2026: 2.4%● 0.0% vs 01-2026 03-2026: 2.2%▼ -8.4% vs 02-2026 04-2026: 2.5%▲ +16.4% vs 03-2026 05-2026: 2.8%▲ +9.3% vs 04-2026 06-2026: 3.3%▲ +18.2% vs 05-2026 07-2026: 0.6%▼ -82.0% vs 06-2026lowest value 08-2026: 0.6%● 0.0% vs 07-2026lowest value 09-2026: 0.6%● 0.0% vs 08-2026lowest value 10-2026: 0.6%● 0.0% vs 09-2026lowest value
  • Liquidity: current ratio 2.08, cash €298,806, halved lowers the probability
  • 1 change of registered office in 24 months raises the probability
  • Founded in 2022 raises the probability for this profile
  • Sector Warehousing and support activities for transportation (NACE 52) raises the probability
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 2.08 against 1.03 in 2024; short-term debt: 42.5% and cash: 59.9% of total assets), and 42.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 52, micro). Better than this share of them on solvency 65%, liquidity 82%, profitability 17%, growth against the median 30%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Liquidity: current ratio 2.08, cash €298,806, halved
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Founded in 2022
In the bankruptcy model this factor raises the probability for this profile.
KBO
raises risk · Sector Warehousing and support activities for transportation (NACE 52)
In the bankruptcy model this factor raises the probability.
KBO
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 2025
Net result per financial year
22232425
2022 to 2025 · latest year -€9,568
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
31 d early
2024
16 d early
2023
6 d early
2022
36 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% 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. Usually files around 21 July (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Liquidity doublescurrent ratio 2.08
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Risk: 4 loss-making years in a rowloss fiscal year 2025 -€9,568 View
  • Positive: Result rose in 2025different schema filed ▲ 99.2% View
  • Total assets 20254 fiscal years filed €498,994 View

By topic

Financials

Fiscal year
2025
Total assets
€498,994
Loss
-€9,568
Solvency
57.5%
Total assets▼ 87.8%
Net result
20222025
Go to Financials

Timeline

Events
7
Since
2023
Next accounts
by 31-07-2027
  1. 30-06-2026Annual accounts filed
  2. 31-12-2025Liquidity doubles
  3. 15-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Logistics servicesNACE 52250
Founded
06-07-2022
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure