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PGS SPECIAL PACKAGING

Active
Private limited companyfounded 198837 yrs activeTorhoutse Baan 5, 8470 Gistel, BelgiumKBO/BCE: BE 0435.941.853
Summary

PGS SPECIAL PACKAGING has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €307,549 and a net result of €165,788. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 324 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
PGS SPECIAL PACKAGINGActiveChecked score 92/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of other wood products
NACE 16281NACE 16291Manufacture of chemicals and chemical products NACE 20510
#6 oldest company in Gistel, Manufacturing sector1 site
Size
€1.5mtotal assets 2025
Equity
€307,549
Profit
€165,788
Financial health
92 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Parent
PGS RDB Pallets · 100%
Accounts 28 d early0 of 5 deeds read
Why 92- Sector Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)+ Size: total assets €1.5m+ Figures for FY 2025 (filed 09-04-2026)+ Founded in 1988Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Better than 51% of its sector peers (NACE 16, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 45-54
equity 19.9% of total assets
Liquidity 13-37
short-term debt 80.1% · cash 5.5%
Profitability 82+82
return on assets 10.7%
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 0.5% (1,025 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● 0.0% vs 11-2024 01-2025: 0.3%▲ +7.8% vs 12-2024 02-2025: 0.3%▲ +18.3% vs 01-2025 03-2025: 0.3%▼ -4.1% vs 02-2025 04-2025: 0.3%▲ +5.5% vs 03-2025 05-2025: 2.5%▲ +623% vs 04-2025highest value 06-2025: 2.5%● 0.0% vs 05-2025highest value 07-2025: 2.5%● 0.0% vs 06-2025highest value 08-2025: 2.5%● 0.0% vs 07-2025highest value 09-2025: 2.5%● 0.0% vs 08-2025highest value 10-2025: 2.5%● 0.0% vs 09-2025highest value 11-2025: 1.4%▼ -43.5% vs 10-2025 12-2025: 1.4%▼ -1.5% vs 11-2025 01-2026: 1.4%▲ +1.7% vs 12-2025 02-2026: 1.4%● 0.0% vs 01-2026 03-2026: 1.4%▼ -4.2% vs 02-2026 04-2026: 1.5%▲ +8.7% vs 03-2026 05-2026: 0.1%▼ -91.4% vs 04-2026lowest value 06-2026: 0.1%● 0.0% vs 05-2026lowest value 07-2026: 0.1%● 0.0% vs 06-2026lowest value 08-2026: 0.1%● 0.0% vs 07-2026lowest value 09-2026: 0.1%● 0.0% vs 08-2026lowest value 10-2026: 0.1%● 0.0% vs 09-2026lowest value
  • Size: total assets €1.5m lowers the probability for this profile
  • Sector Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16) raises the probability
  • Figures for FY 2025 (filed 09-04-2026) lowers the probability
  • Founded in 1988 lowers the probability for this profile
Credit up to €25,000 at 30 days acceptable
Liquidity tight (current ratio 1.12 against 3.68 in 2024; short-term debt: 80.1% and cash: 5.5% of total assets), and 80.1% 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 16, micro). Better than this share of them on solvency 26%, liquidity 9%, profitability 74%, growth against the median 94%. 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.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €1.5m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Sector Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Figures for FY 2025 (filed 09-04-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Founded in 1988
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 324 sector peers (2025).
NBB · sector comparison
Position among 324 sector peers
Solvency
better than 22%
← 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 02-04-2026, 28 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
28 d early
2024
33 d early
2023
133 d early
2022
98 d early
2021
54 d early
2020
30 d late
2019
17 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 48 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% 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 (3 of the last 3 filed years within 99 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 close04-10-2026 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
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Back to profitnet €165,788
  3. Equity above €200,000Eq €307,549 ▲117%

Key points

  • Positive: Equity rose in 2025from €141,761 to €307,549 ▲ 117% View
  • Positive: Oldest company in Gistel, Manufacturing sectorin the Checked rankings #6 View
  • Controlled by PGS RDB Palletsknown shareholders 100% 100% View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View

By topic

Financials

Fiscal year
2025
Total assets
€1.5m
Profit
€165,788
Solvency
19.9%
Turnover▼ 33.6%
Net result
20232024
Go to Financials

Timeline

Events
16
Since
2017
Next accounts
by 30-04-2027
  1. 02-04-2026Annual accounts filed
  2. 30-09-2025Back to profit
  3. 30-09-2025Equity above €200,000
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of other wood productsNACE 16281
Founded
05-12-1988
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

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