PGS RDB Pallets
ActiveSummary
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).
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Signals
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)
History
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Financials · fiscal year 2025, full schema
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).
Peer companies
Historical observationOf 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
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%.
| 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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.
Timeline · acts, filings and financial milestones
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
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.
Directors · office · real estate
Statutory auditor 1
7 establishment units
Show 1 more locations
7 parcels
| 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
Mandate history
- Statutory auditor
| Name | Functions and periods |
|---|---|
| CALLENS VANDELANOTTE |
|
Structure & network
Owners and holdings
3 owners · 9 holdings · 8 subsidiaries in the treeChain of control
- PALETTES GESTION SERVICESFR
- PGS RDB Pallets
Highest known parent: PALETTES GESTION SERVICES (France). The sources do not say who stands above it.
Owners 3
- PALETTES GESTION SERVICESFRparentSourceLEI registerconsolidated
-
50%
-
50%
Holdings 9
-
100%
-
100%
-
100%
- PGS SPECIAL PACKAGINGsubsidiaryEquity €307,549Result €165,788100%
-
80%
-
66.67%
-
50%
-
40%
-
35.09%
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.
PGS Demey 100%1 subsidiary
- PGS AJR Packaging 100%
- PGS Rec Belgium 100%
- PGS RECON 100%
- PGS SPECIAL PACKAGING 100%
- PGS RDB BalticLV 66.67%
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 siteLegal Entity Identifier
Similar companies · same sector, comparable size
Company details
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.