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PGS RDB Pallets

Active
Private limited companyfounded 201412 yrs activeTorhoutse Baan 5, 8470 Gistel, BelgiumKBO/BCE: BE 0561.777.676
Summary

PGS RDB Pallets has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.7m and a net result of €591,168. Equity is growing by ~19.3% per year across the filed fiscal years. Its solvency ranks better than 12% of 5113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability64▼-6
Solvency33=
Growth72▲+1
Track record100
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290,000 at 30 days acceptable
Liquidity short (current ratio 0.73 against 0.99 in 2024; short-term debt: 55.8% and cash: 12.5% of total assets), and 91.5% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
8.5%
Return on assets
0.9%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 12 years 0 20 y
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 5113 sector peers (2025).
NBB · sector comparison
Position among 5113 sector peers
Solvency
better than 12%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 10-04-2026, 20 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
20 d early
2024
33 d early
2023
38 d early
2022
13 d early
2021
37 d early
2020
36 d early
2019
33 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 28 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 close01-10-2026 today30-04-2027 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

History

On 9 September 2014, PGS RDB Pallets was incorporated.1 Revenue went from EUR 101 million in 2019 to EUR 163 million in 2025 and headcount from 7 to 42.2 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€163.0m▲ 15.1%
2024 · €141.6m
EBIT margin
1.4%▲ 0.7pp
2024 · 0.7%
Net result
€591,168▼ 6.0%
2024 · €628,587
Working capital
-€10.2m▼ 3,990%
2024 · -€250,155
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€162.7m▲ 63.3%€274.4m▲ 68.6%€169.3m▼ 38.3%€141.6m▼ 16.3%€163.0m▲ 15.1%
Operating result€923,053▲ 71.9%€9.6m▲ 945%€6.9m▼ 28.5%€960,172▼ 86.1%€2.3m▲ 135%
Net result€207,743within the sector's middle half▲ 8.8%€1.1mabove the sector's middle half▲ 416%€1.2mabove the sector's middle half▲ 11.1%€628,587above the sector's middle half▼ 47.2%€591,168within the sector's middle half▼ 6.0%
EBIT margin0.6%=3.5%▲ 2.9pp4.1%▲ 0.6pp0.7%▼ 3.4pp1.4%▲ 0.7pp
Equity€2.3mwithin the sector's middle half▲ 9.9%€3.3mwithin the sector's middle half▲ 43.7%€4.5mwithin the sector's middle half▲ 35.0%€5.1mwithin the sector's middle half▲ 14.0%€5.7mabove the sector's middle half▲ 11.6%
Total assets€63.6mabove the sector's middle half▲ 109%€71.1mabove the sector's middle half▲ 11.7%€64.8mabove the sector's middle half▼ 8.9%€65.4mabove the sector's middle half▲ 1.0%€67.2mabove the sector's middle half▲ 2.8%
Debt€61.3m▲ 116%€67.8m▲ 10.5%€60.3m▼ 11.0%€60.3m=€61.5m▲ 2.0%
Working capital-€10.0mbelow the sector's middle half▼ 157%€672,434within the sector's middle half€3.1mwithin the sector's middle half▲ 367%-€250,155below the sector's middle half-€10.2mbelow the sector's middle half▼ 3,990%
Solvency3.6%below the sector's middle half▼ 3.3pp4.7%below the sector's middle half▲ 1.0pp6.9%below the sector's middle half▲ 2.2pp7.8%below the sector's middle half▲ 0.9pp8.5%below the sector's middle half▲ 0.7pp
Current ratio0.83below the sector's middle half▼ 0.021.01below the sector's middle half▲ 0.191.08below the sector's middle half▲ 0.070.99below the sector's middle half▼ 0.090.73below the sector's middle half▼ 0.27
Return on assets (ROA)0.3%below the sector's middle half▼ 0.3pp1.5%within the sector's middle half▲ 1.2pp1.8%within the sector's middle half▲ 0.3pp1.0%within the sector's middle half▼ 0.9pp0.9%within the sector's middle half▼ 0.1pp
Staff (FTE)9.1within the sector's middle half▲ 35.8%33.9above the sector's middle half▲ 273%40above the sector's middle half▲ 18.0%38.7above the sector's middle half▼ 3.3%42.2above the sector's middle half▲ 9.0%
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€2.5m€5.0m€7.5m€10.0mOperating result 2021: €923,053€923,053Net result 2021: €207,743€207,743Operating result 2022: €9.6m€9.6mNet result 2022: €1.1m€1.1mOperating result 2023: €6.9m€6.9mNet result 2023: €1.2m€1.2mOperating result 2024: €960,172€960,172Net result 2024: €628,587€628,587Operating result 2025: €2.3m€2.3mNet result 2025: €591,168€591,16820212022202320242025€0€2m€4m€6mOperating result 2023: €6.9m€6.9mNet result 2023: €1.2m€1.2mOperating result 2024: €960,172€960,000Net result 2024: €628,587Operating result 2025: €2.3m€2.3mNet result 2025: €591,168€591,000202320242025
The operating result recovers in 2025; 2025 is 135% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67.2m
Fixed assets €40.0m ▲ 42.7%
Current assets €27.2m ▼ 27.2%
Equity and liabilities €67.2m
Equity €5.7m ▲ 11.6%
Debt €61.5m ▲ 2.0%
Debt's share of the balance-sheet total falls from 92.2% to 91.5%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€13.4m▼
2024 · €17.7m
Cash flow
€11.8m▼
2024 · €17.4m
Quick ratio
0.71▼
2024 · 0.82
Debt to equity
10.80▼
2024 · 11.81
ROE
10.4%▼
2024 · 12.3%
Interest coverage
11.77▼
2024 · 14.64
Debt ≤ 1 year
€37.5m▼
2024 · €37.7m
Debt > 1 year
€23.1m▲
2024 · €22.5m
Income taxes
€304,304▲
2024 · €208,592
Staff costs
€4.4m▲
2024 · €4.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,448 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 96% are still going.

  • Small
  • 10 to 20 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
2.0% went bankrupt
2.1% stopped otherwise
96% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,448 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 86 lines
Balance sheet Code20242025
Assets
Total assets20/58€65.4m€67.2m▲
Fixed assets21/28€28.0m€40.0m▲
Intangible fixed assets21€3.6m€3.2m▼
Tangible fixed assets22/27€11.0m€23.0m▲
Furniture and vehicles24€373,258€336,959▼
Leasing and similar rights25€440,791€0▼
Other tangible fixed assets26€10.2m€22.6m▲
Financial fixed assets28€13.5m€13.8m▲
Affiliated companies280/1€13.1m€3.9m▼
Participating interests280€13.1m€3.9m▼
Companies linked by participating interests282/3€374,742€9.9m▲
Participating interests282€374,742€9.9m▲
Other financial fixed assets284/8€100€100=
Amounts receivable and cash guarantees285/8€100€100=
Current assets29/58€37.4m€27.2m▼
Amounts receivable after more than one year29€10.6m€0▼
Other amounts receivable291€10.6m€0▼
Stocks and contracts in progress3€6.6m€539,760▼
Stocks30/36€6.6m€539,760▼
Goods purchased for resale34€6.6m€539,760▼
Amounts receivable within one year40/41€18.8m€18.1m▼
Trade receivables40€16.4m€14.4m▼
Other amounts receivable41€2.4m€3.7m▲
Current investments50/53€910€1,337▲
Other investments51/53€910€1,337▲
Cash at bank and in hand54/58€1.0m€8.4m▲
Deferred charges and accrued income490/1€367,298€240,999▼
Equity and liabilities
Total equity and liabilities10/49€65.4m€67.2m▲
Equity10/15€5.1m€5.7m▲
Contributions10/11€1.0m€1.0m=
Reserves13€4.1m€4.7m▲
Tax-exempt reserves132€1.9m€1.9m=
Distributable reserves133€2.2m€2.8m▲
Amounts payable17/49€60.3m€61.5m▲
Amounts payable after more than one year17€22.5m€23.1m▲
Financial debts170/4€22.5m€23.1m▲
Leasing and similar obligations172€126,542€0▼
Credit institutions173€7.7m€8.5m▲
Other loans174€14.7m€14.6m▼
Amounts payable within one year42/48€37.7m€37.5m▼
Current portion of amounts payable after more than one year42€5.1m€2.3m▼
Financial debts43€4.3m€197,072▼
Credit institutions430/8€4.3m€197,072▼
Trade debts44€24.8m€24.8m▼
Suppliers440/4€24.8m€24.8m▼
Taxes, remuneration and social security45€630,996€3.0m▲
Taxes450/3€93,941€2.3m▲
Remuneration and social security454/9€537,055€665,752▲
Other amounts payable47/48€2.9m€7.3m▲
Accrued charges and deferred income492/3€120,602€988,313▲
Income statement Code20242025
Operating income70/76A€143.1m€164.5m▲
Turnover70€141.6m€163.0m▲
Other operating income74€1.2m€1.3m▲
Non-recurring operating income76A€241,123€154,943▼
Operating charges60/66A€142.2m€162.2m▲
Goods for resale, raw materials and consumables60€105.1m€129.8m▲
Purchases600/8€111.3m€129.9m▲
Change in stocks: decrease (increase)609-€6.1m-€109,490▲
Services and other goods61€14.8m€16.8m▲
Remuneration, social security and pensions62€4.3m€4.4m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16.7m€11.2m▼
Other operating charges640/8€10,186€13,701▲
Non-recurring operating charges66A€1.2m€0▼
Operating profit (loss)9901€960,172€2.3m▲
Financial income75/76B€1.7m€417,517▼
Recurring financial income75€1.7m€417,517▼
Income from current assets751€1.7m€297,220▼
Other financial income752/9€34,883€120,297▲
Financial charges65/66B€1.9m€1.8m▼
Recurring financial charges65€1.9m€1.8m▼
Debt charges650€1.2m€1.1m▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€0-
Other financial charges652/9€656,073€638,298▼
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€837,178€895,472▲
Income taxes67/77€208,592€304,304▲
Taxes670/3€208,592€304,304▲
Profit (loss) for the period9904€628,587€591,168▼
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€628,587€591,168▼
Appropriation of the result
Profit (loss) to be appropriated9906€628,587€591,168▼
Transfer to equity691/2€628,587€591,168▼
To other reserves6921€628,587€591,168▼
Profit to be distributed694/7€0-
Employees696€0-
Social balance
Average headcount (FTE)908738.742.2▲

The notes to these accounts (113 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A-€276.3m€172.8m€143.1m€164.5m▲ 14.9%
Turnover70€162.7m€274.4m€169.3m€141.6m€163.0m▲ 15.1%
Other operating income74-€1.8m€2.3m€1.2m€1.3m▲ 5.1%
Non-recurring operating income76A-€115,491€1.1m€241,123€154,943▼ 35.7%
Operating charges60/66A-€266.6m€165.9m€142.2m€162.2m▲ 14.1%
Goods for resale, raw materials and consumables60-€236.4m€131.9m€105.1m€129.8m▲ 23.5%
Purchases600/8-€235.4m€130.5m€111.3m€129.9m▲ 16.8%
Change in stocks: decrease (increase)609-€994,070€1.4m-€6.1m-€109,490▲ 98.2%
Services and other goods61-€13.7m€13.2m€14.8m€16.8m▲ 13.6%
Remuneration, social security and pensions62-€3.8m€4.6m€4.3m€4.4m▲ 3.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7.4m€12.2m€15.6m€16.7m€11.2m▼ 33.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€33,137€0---
Other operating charges640/8-€17,384€12,849€10,186€13,701▲ 34.5%
Non-recurring operating charges66A-€439,220€594,810€1.2m€0▼ 100%
Operating profit (loss)9901€923,053€9.6m€6.9m€960,172€2.3m▲ 135%
Financial income75/76B-€751,595€1.1m€1.7m€417,517▼ 76.0%
Recurring financial income75€495,331€744,909€1.1m€1.7m€417,517▼ 76.0%
Income from financial fixed assets750-€39,800€0---
Income from current assets751-€639,096€1.0m€1.7m€297,220▼ 82.6%
Other financial income752/9-€66,014€76,061€34,883€120,297▲ 245%
Non-recurring financial income76B-€6,686€0---
Financial charges65/66B-€8.8m€6.6m€1.9m€1.8m▼ 4.5%
Recurring financial charges65€672,516€8.8m€6.6m€1.9m€1.8m▼ 4.5%
Debt charges650€323,623€533,955€756,651€1.2m€1.1m▼ 5.5%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€7.9m€5.2m€0--
Other financial charges652/9-€382,970€614,770€656,073€638,298▼ 2.7%
Non-recurring financial charges66B--€15€0--
Profit (loss) for the period before taxes9903€745,867€1.6m€1.4m€837,178€895,472▲ 7.0%
Income taxes67/77€538,125€507,086€222,547€208,592€304,304▲ 45.9%
Taxes670/3-€507,086€222,547€208,592€304,304▲ 45.9%
Tax adjustments and reversals of tax provisions77-€0----
Profit (loss) for the period9904€207,743€1.1m€1.2m€628,587€591,168▼ 6.0%
Transfer to tax-exempt reserves689--€1.0m€0--
Profit (loss) for the period to be appropriated9905€207,743€1.1m€191,465€628,587€591,168▼ 6.0%
Line20212022202320242025Change
Assets
Total assets20/58€63.6m€71.1m€64.8m€65.4m€67.2m▲ 2.8%
Fixed assets21/28€16.6m€21.6m€23.9m€28.0m€40.0m▲ 42.7%
Intangible fixed assets21€4.5m€3.8m€3.4m€3.6m€3.2m▼ 10.7%
Tangible fixed assets22/27€8.8m€14.6m€16.4m€11.0m€23.0m▲ 109%
Furniture and vehicles24-€62,793€516,100€373,258€336,959▼ 9.7%
Leasing and similar rights25-€872,607€3.3m€440,791€0▼ 100%
Other tangible fixed assets26-€13.7m€12.6m€10.2m€22.6m▲ 123%
Financial fixed assets28€3.4m€3.2m€4.0m€13.5m€13.8m▲ 2.6%
Affiliated companies280/1-€2.8m€3.7m€13.1m€3.9m▼ 70.1%
Participating interests280-€2.8m€3.7m€13.1m€3.9m▼ 70.1%
Companies linked by participating interests282/3-€374,742€374,742€374,742€9.9m▲ 2,540%
Participating interests282-€374,742€374,742€374,742€9.9m▲ 2,540%
Other financial fixed assets284/8-€21,100€100€100€100=
Shares284-€0----
Amounts receivable and cash guarantees285/8-€21,100€100€100€100=
Current assets29/58€47.0m€49.5m€40.9m€37.4m€27.2m▼ 27.2%
Amounts receivable after more than one year29-€5.6m€6.9m€10.6m€0▼ 100%
Other amounts receivable291-€5.6m€6.9m€10.6m€0▼ 100%
Stocks and contracts in progress3€2.9m€1.9m€506,352€6.6m€539,760▼ 91.9%
Stocks30/36-€1.9m€506,352€6.6m€539,760▼ 91.9%
Goods purchased for resale34-€1.9m€506,352€6.6m€539,760▼ 91.9%
Amounts receivable within one year40/41€31.2m€34.1m€15.3m€18.8m€18.1m▼ 3.8%
Trade receivables40-€23.2m€13.8m€16.4m€14.4m▼ 12.1%
Other amounts receivable41-€10.9m€1.5m€2.4m€3.7m▲ 54.3%
Current investments50/53---€910€1,337▲ 46.9%
Other investments51/53---€910€1,337▲ 46.9%
Cash at bank and in hand54/58€1.4m€7.7m€17.8m€1.0m€8.4m▲ 736%
Deferred charges and accrued income490/1-€184,648€380,620€367,298€240,999▼ 34.4%
Equity and liabilities
Total equity and liabilities10/49€63.6m€71.1m€64.8m€65.4m€67.2m▲ 2.8%
Equity10/15€2.3m€3.3m€4.5m€5.1m€5.7m▲ 11.6%
Contributions10/11-€1.0m€1.0m€1.0m€1.0m=
Reserves13€1.3m€2.3m€3.5m€4.1m€4.7m▲ 14.4%
Non-distributable reserves130/1-€5,484€0---
Reserves not available under the articles1311-€5,484€0---
Tax-exempt reserves132-€870,547€1.9m€1.9m€1.9m=
Distributable reserves133-€1.4m€1.6m€2.2m€2.8m▲ 26.4%
Amounts payable17/49€61.3m€67.8m€60.3m€60.3m€61.5m▲ 2.0%
Amounts payable after more than one year17€4.1m€18.9m€22.5m€22.5m€23.1m▲ 2.3%
Financial debts170/4-€18.9m€22.5m€22.5m€23.1m▲ 2.3%
Leasing and similar obligations172-€492,077€1.8m€126,542€0▼ 100%
Credit institutions173-€6.9m€11.1m€7.7m€8.5m▲ 9.5%
Other loans174-€11.5m€9.6m€14.7m€14.6m▼ 0.6%
Amounts payable within one year42/48€57.0m€48.8m€37.7m€37.7m€37.5m▼ 0.5%
Current portion of amounts payable after more than one year42-€2.8m€5.3m€5.1m€2.3m▼ 54.6%
Financial debts43-€4.5m€0€4.3m€197,072▼ 95.4%
Credit institutions430/8-€4.5m€0€4.3m€197,072▼ 95.4%
Trade debts44€46.8m€39.5m€25.2m€24.8m€24.8m▼ 0.2%
Suppliers440/4-€39.5m€25.2m€24.8m€24.8m▼ 0.2%
Taxes, remuneration and social security45-€1.4m€1.3m€630,996€3.0m▲ 370%
Taxes450/3-€680,661€530,892€93,941€2.3m▲ 2,346%
Remuneration and social security454/9-€714,671€728,538€537,055€665,752▲ 24.0%
Other amounts payable47/48-€664,164€6.0m€2.9m€7.3m▲ 151%
Accrued charges and deferred income492/3-€132,894€77,883€120,602€988,313▲ 719%
Line20212022202320242025Change
Profit (loss) for the period9904€207,743€1.1m€1.2m€628,587€591,168▼ 6.0%
+ Depreciation and write-downs630€7.4m€12.2m€15.6m€16.7m€11.2m▼ 33.1%
Operating cash flow (approximation)€7.6m€13.2m€16.8m€17.4m€11.8m▼ 32.1%
Investment in fixed assets (approximation)--€17.2m-€17.9m-€20.8m-€23.1m▼ 11.2%
Change in cash-€6.3m€10.1m-€16.8m€7.4m▲ 144%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
31-08
State Gazette act Reappointment: Callens Vandelanotte NV (statutory auditor)
Permanent representative: Frank Vandelanotte3 facts ▸
  • Auditor reappointment, Callens Vandelanotte NV (statutory auditor)
  • Permanent representative, Frank Vandelanotte (permanent representative)
  • General meeting, 27-02-2026
10-04
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
28-03
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial Equity above €5mEq €5.1m ▲14%
6 profitable years in a row build equity to €5.1m.
23-03
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial Highest result since 2019net €1.2m ▲11.1%
Net result €1.2m, the highest in the series.
17-04
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
24-03
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
25-03
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial Equity above €2mEq €2.1m ▲10%
2 profitable years in a row build equity to €2.1m.
28-03
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
22-03
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
19-03
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
30-03
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 14 acts read
About the unread acts

Of the 14 Belgian State Gazette acts we know for this company, 1 has been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors

Statutory auditor 1

CALLENS VANDELANOTTE
Statutory auditor · since 27-02-2026 · perm. rep.: Frank Vandelanotte
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gistel · 7 establishment units since 2014
seat establishment approximate All 7 establishment units on the map
Ground area
17.7 ha
Building footprint
4.0 ha
Volume, LiDAR
202,191 m³
7 parcels, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
28 companies at this address See who is registered here
7 establishment units
PGS RDB Pallets
Steenovenstraat 9, 8470 GistelManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
since 20142.235.518.715
PGS RDB Pallets
Sint-Jansstraat 19, 8970 PoperingeManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
since 20162.252.328.023
PGS RDB Pallets
Kortemarkstraat 86, 8810 LichterveldeManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
since 20162.255.347.988
PGS RDB Pallets
Bargiestraat 46, 8904 IeperManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
since 20222.326.355.849
PGS RDB Pallets
Rozendaalstraat 15, 8900 IeperManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
since 20222.326.355.948
PGS RDB Pallets
Torhoutse Baan 5, 8470 GistelManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
since 20232.344.053.005
Show 1 more locations
PGS RDB Pallets
Dokter Paul Janssenlaan 5, 8400 OostendeManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
since 20232.344.053.104
7 parcels
Flanders 7 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36011E0477/00P000 Flanders 6.6 ha 1 · 2.1 ha 10.7 m · 2 fl.
33305B0977/00G000 Flanders 2.5 ha 1 · 1,180 m² 8.6 m · 2 fl.
33003B0813/00G003 Flanders 2.4 ha 1 · 4,276 m² 9.3 m · 3 fl.
35382G0303/00A000 Flanders 2.2 ha 1 · 5,063 m² 6.3 m
35019A0521/00W000 Flanders 2.0 ha 1 · 5,913 m² 10.1 m · 3 fl.
33021E0638/00B000indicative Flanders 1.6 ha 1 · 1,828 m² 1.1 m
35005C0374/00C000 Flanders 3,627 m² 1 · 29 m² 10.6 m · 2 fl.
Linked by address, not proof of ownership
Good to know
6 of 7 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

1 person since 2026, 1 in office
Show
  • Statutory auditor
Mandates per person, with start and end dates
Name Functions and periods
CALLENS VANDELANOTTE
  • Statutory auditor, from 27-02-2026 to date
See the board, name and seat on a given date →

Structure & network

Part of the group PALETTES GESTION SERVICES 8 companies Group, risk and exposure

Owners and holdings

3 owners · 9 holdings · 8 subsidiaries in the tree

Chain of control

  1. PALETTES GESTION SERVICESFR consolidated
  2. PGS RDB Pallets

Highest known parent: PALETTES GESTION SERVICES (France). The sources do not say who stands above it.

Owners 3

Holdings 9

All subsidiaries, including indirect ones 8

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

According to the annual accounts to 30-09-2025 of PGS RDB Pallets and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Oostende2.344.053.104
1 permission
Toelating · Inrichting voor vervaardiging of herstelling hout ISPM 15 · since 07-11-2023

Legal Entity Identifier

894500LIMS08SG1JTB38
live in the LEI register

Similar companies · same sector, comparable size

Of 855 companies in this sector we hold annual accounts for 590. 309 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded09-09-2014
Fiscal year end30-09
Activities, NACEBEL 2025
46832Wholesale of timber
E-invoicing
Reachable via Peppol
Peppol ID 0208:0561777676

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.