PGS Rec Belgium
ActiveSummary
PGS Rec Belgium has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €395,046. Equity has been growing by about 19% per year since 2022. Its solvency ranks better than 70% of 334 sector peers (NACE 16, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Official details
Source: KBO- Status
- Active since 07-01-2021 Normal situation
- Registered office
- 28 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 1 November 2026.
- Activity
- Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials NACE 16240and 4 others
- Joint committees
- 126 Paritair Comité voor de stoffering en de houtbewerking
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 30-09-2025
- Establishment units
- 2.315.055.052 8470 Gistel, since 07-01-2021
- 2.315.055.151 8400 Oostende, since 07-01-2021
- Financial year end
- 30 September
- Peppol
- Reachable
Board and ownership
- Graco BVDirector · since 10-05-2021
- Grauwet Roger BVDirector · since 10-05-2021
- Edfanzac SASDirector · since 30-06-2022
- Auditor
- CALLENS VANDELANOTTE
- PGS RDB Pallets100%· score 8630-09-2025 annual accounts of PGS RDB Pallets
- Palettes Gestion Services SASconsolidatesannual accounts 30-09-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.7%
- Gross margin
- €2.3m
- ▲ 21.2%
- Turnover
- ≈ €3.9m
- estimated
- Profit
- €395,046
- ▲ 103%
- Equity
- €1.6m
- ▲ 33.4%
- Total assets
- €2.5m
- ▲ 48.4%
- Employees on 30-09-2025
- 31
- =
Score breakdownraises riskFounded in 2021lowers riskFigures for financial year 2025 (filed on 08-04-2026)Profit of €395,046 (financial year 2025)Equity €1.6m (64.4% of total assets)Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 16, small). It does better than 70% of them on solvency, 25% on liquidity, 92% on profitability and 94% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 31 days before the deadline. In the sector (NACE 16), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
Key points
- Positive: Result rose in 2025from €194,253 to €395,046 ▲ 103% View
- Positive: Higher net result than 92% of companies in wood and corksector median €23,065 · 334 companies €395,046 View
- Positive: Always filed on timeaccounts within the deadline every year 4 years View
- Flemish supportawarded from 2023 to 2025 €153,488 View
Comparable companies
These companies have the same main activity as PGS Rec Belgium: manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16240). They are comparable in size and age: total assets between €582,000 and €6.5m, founded between 2002 and 2024.
| Company | Total assets | Gross margin |
|---|---|---|
| PGS Rec Belgium Gistel | €2.5m | €2.3m |
| RAD-PACK SERVICES Herve | €6.5m | €1.8m |
| ECOPALETTE Binche | €1.9m | €0.9m |
| VARASSE Ieper | €4.0m | €1.5m |
| D - CASE Ieper | €2.4m | €1.8m |
| GLOBAL AIRFREIGHT HANDLING Grâce-Hollogne | €0.6m | €0.8m |
| HIZKIA België Willebroek | €3.0m | €2.9m |
Key facts about PGS Rec Belgium
- What is the company number of PGS Rec Belgium?
- The company number of PGS Rec Belgium is 0760.987.368. The VAT number is the same number with BE in front: BE 0760.987.368.
- Where is PGS Rec Belgium based?
- The registered office is at Torhoutse Baan 5, 8470 Gistel.Company details
- What does PGS Rec Belgium do?
- According to the KBO register, the main activity is manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16240).
- What is the legal form of PGS Rec Belgium?
- The legal form of PGS Rec Belgium is Private limited company (BV).
- When was PGS Rec Belgium founded?
- PGS Rec Belgium was founded on 07-01-2021.
- Is PGS Rec Belgium still active?
- Yes, PGS Rec Belgium is an active enterprise in the KBO register.
- How many employees does PGS Rec Belgium have?
- PGS Rec Belgium had an average of 30.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does PGS Rec Belgium fall under?
- In its 30-09-2025 annual accounts, PGS Rec Belgium states joint committees 126 (Paritair Comité voor de stoffering en de houtbewerking) and 200 (Aanvullend Paritair Comité voor de bedienden).
- What is the turnover of PGS Rec Belgium?
- The turnover in financial year 2025 is ≈ €3.9m. This figure is estimated from the gross margin of €2.3m and 1,586 comparable companies of the same size. It probably lies between €2.6m and €6.4m. It is a rough estimate.
- Is PGS Rec Belgium profitable?
- In financial year 2025, PGS Rec Belgium made a profit of €395,046.
- Where can I find the annual accounts of PGS Rec Belgium?
- PGS Rec Belgium filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PGS Rec Belgium due?
- PGS Rec Belgium must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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