Skip to content

PGS RODANAR PALLETS

Active
Public limited companyfounded 1980active for 46 yearsTorhoutse Baan 5, 8470 Gistel, Belgium28 active companies are registered at this addressKBO/BCE: BE 0420.380.380
Summary

PGS RODANAR PALLETS has been active since 1980 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.0m and a net result of €2.3m. Equity is growing by about 3.7% per year across the filed financial years. Its solvency ranks better than 50% of 173 sector peers (NACE 16, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
NACE 16240
Oldest company in Gistel, Manufacturing sector1 site
Size
€50.5mturnover 2025
Staff
26.2 FTE
Equity
€10.0m
Profit
€2.3m
Financial health
91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Board
8 members
Holdings
2
Auditor: CALLENS VANDELANOTTEAccounts 22 days early
Why 91raises riskLiquidity: current ratio 1.82, cash €593,055lowers riskFounded in 1980Size: turnover €50.5m, 26.2 FTE, total assets €19.2mProfit of €2.3m (financial year 2025)Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 43% of its sector peers (NACE 16, small)
Financial strength · tick = 2024
Average
Solvency 77-2
equity 52.1% of total assets
Liquidity 33-6
short-term debt 42.8% · cash 3.1%
Profitability 68-9
return on assets 11.9%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.2% (165 companies, NACE 16, small)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.4%▲ +0.1 percentage points vs 01-2025highest value 03-2025: 0.1%▼ -0.3 percentage points vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025lowest value 12-2025: 0.1%● unchanged vs 11-2025lowest value 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €900,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.82, compared with 2.14 in 2024, above the usual 1.5; short-term debt: 42.8% and cash: 3.1% of total assets), and 47.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 50% on solvency, 20% on liquidity, 53% on profitability and 50% on growth.

The bankruptcy probability was computed on 19-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

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

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1980
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 1.82, cash €593,055
NBB · annual accounts
lowers risk · Size: turnover €50.5m, 26.2 FTE, total assets €19.2m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Profit of €2.3m (financial year 2025)
NBB · annual accounts
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 08-04-2026, 22 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
22 days early
2024
33 days early
2023
39 days early
2022
65 days early
2021
37 days early
2020
35 days early
2019
33 days 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 38 days before the deadline; the sector median (NACE 16) for financial year 2024 is 3 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 24 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end20-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointments: GRACO BV, GRAUWET ROGER BV…Permanent representatives: Luc Grauwet, Roger…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Permanent representatives: Frank Vandelanotte and Filip…Appointment: Callens Vandelanotte NV (statutory…

Key points

  • Positive: Oldest company in Gistel, Manufacturing sectorin the Checked rankings No. 1 View
  • Positive: Filed on time since financial year 2017accounts within the deadline every year 8 years View
  • Positive: 7 profitable years in a rowprofit 2025: €2.3m 7 years View
  • Active since 1980founded 25-04-1980 46 years View
  • Flemish supportawarded from 2022 to 2025 €164,288 View

By topic

Financials

Financial year
2025
Turnover
€50.5m
Profit
€2.3m
Solvency
52.1%
Turnover▲ 10.5%
Net result
20192025
Go to Financials

Board & ownership

Board
8 members
Auditor
CALLENS VANDELANOTTE
  • Luc GrauwetManaging director
  • GRACOManaging director
  • GRAUWET ROGERManaging director
  • EdfanzacDirector
  • JadalDirector

and 3 other directors

Go to Board & ownership

Timeline

Events
69
Since
1981
Next accounts
by 30-04-2027
  1. 28-03-2025Annual accounts filed
  2. 22-03-2024Annual accounts filed
  3. 02-10-2023Amendment of the articles · Miscellaneous
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of wood and of products of wood…NACE 16240
Founded
25-04-1980
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
“De groot- en kleinhandel, de be- en verwerking, de aan- en verkoop, de productie, alsmede…” (deed in Dutch)
Go to Articles of association

Go further with this company

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.