PGT EXPRESS
ActivePGT EXPRESS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.44M and a net result of €134k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 57% of 4527 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-8
Solvency71▼-18
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 2.09 against 2.74 in 2024; short-term debt: 24.1% and cash: 37.8% of total assets), but 54.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.6%
Return on assets
4.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
56 d early
2023
65 d early
2022
8 d late
2021
30 d late
2020
88 d late
2019
37 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€134k▼ 44.8%
2024 · €242k
2018: €244k
2019: €256k
2020: €162k
2021: €240k
2022: €267k
2023: €119k
2024: €242k
2018 → 2025
Working capital
€825k▼ 28.8%
2024 · €1.16M
2018: €499k
2019: €737k
2020: €857k
2021: €1.07M
2022: €1.08M
2023: €973k
2024: €1.16M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.36M-€1.50M▲ 10.0%€1.42M▼ 5.3%€1.44M▲ 1.7%€1.44M▼ 0.4%
Operating result€370k-€402k▲ 8.8%€202k▼ 49.9%€345k▲ 71.2%€212k▼ 38.4%
Net result€240k-€267k▲ 11.3%€119k▼ 55.4%€242k▲ 103%€134k▼ 44.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 38% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.15M
Fixed assets
€1.56M▲ 279%
Current assets
€1.58M▼ 13.3%
Equity and liabilities €3.15M
Equity
€1.44M▼ 0.4%
Debt
€1.71M▲ 115%
The debt ratio rises from 35.6% to 54.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€373k▼
2024 · €487k
Cash flow
€295k▼
2024 · €384k
Solvency
45.6%▼
2024 · 64.4%
Current ratio
2.09▼
2024 · 2.74
Quick ratio
2.09▼
2024 · 2.74
Debt / equity
1.19▲
2024 · 0.55
ROE
9.3%▼
2024 · 16.8%
ROA
4.2%▼
2024 · 10.8%
Interest coverage
15.37▼
2024 · 29.82
Debt
€1.71M▲
2024 · €797k
Debt ≤ 1 year
€758k▲
2024 · €666k
Debt > 1 year
€954k▲
2024 · €130k
Income taxes
€70k▼
2024 · €118k
Staff costs
€590k▲
2024 · €584k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.24M€3.15M▲
Fixed assets21/28€412k€1.56M▲
Tangible fixed assets22/27€412k€1.56M▲
Land and buildings22€180k€1.20M▲
Furniture and vehicles24€210k€341k▲
Other tangible fixed assets26€22k€21k▼
Financial fixed assets28€100€100=
Current assets29/58€1.82M€1.58M▼
Amounts receivable within one year40/41€554k€379k▼
Trade receivables40€500k€369k▼
Other amounts receivable41€54k€10k▼
Cash at bank and in hand54/58€1.26M€1.19M▼
Deferred charges and accrued income490/1€11k€14k▲
Equity and liabilities
Total equity and liabilities10/49€2.24M€3.15M▲
Equity10/15€1.44M€1.44M▼
Contributions10/11€27k€27k=
Reserves13€1.00M€997k▼
Distributable reserves133€1.00M€997k▼
Profit (loss) carried forward14€411k€411k=
Amounts payable17/49€797k€1.71M▲
Amounts payable after more than one year17€130k€954k▲
Financial debts170/4€130k€954k▲
Amounts payable within one year42/48€666k€758k▲
Current portion of amounts payable after more than one year42€93k€180k▲
Financial debts43€78k€59k▼
Other loans439€78k€59k▼
Trade debts44€116k€214k▲
Suppliers440/4€116k€214k▲
Taxes, remuneration and social security45€161k€158k▼
Taxes450/3€103k€81k▼
Remuneration and social security454/9€58k€76k▲
Other amounts payable47/48€218k€148k▼
Accrued charges and deferred income492/3€240-
Income statement
Code20242025
Remuneration, social security and pensions62€584k€590k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€142k€161k▲
Other operating charges640/8€7k€18k▲
Non-recurring operating charges66A-€20k
Gross operating margin9900€1.08M€1.00M▼
Operating profit (loss)9901€345k€212k▼
Financial income75/76B€31k€15k▼
Recurring financial income75€31k€15k▼
Financial charges65/66B€16k€24k▲
Recurring financial charges65€16k€24k▲
Profit (loss) for the period before taxes9903€360k€204k▼
Income taxes67/77€118k€70k▼
Profit (loss) for the period9904€242k€134k▼
Profit (loss) for the period to be appropriated9905€242k€134k▼
Appropriation of the result
Profit (loss) to be appropriated9906€653k€545k▼
Profit (loss) brought forward from the previous period14P€411k€411k=
Transfer from equity791/2€218k€139k▼
Transfer to equity691/2€242k€134k▼
To other reserves6921€242k€134k▼
Profit to be distributed694/7€218k€139k▼
Return on contributions (dividend)694€218k€139k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €119k ▼55.4%
Net result drops to €119k, the lowest in the series; recovery starts the following year.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
31-12
Financial
Highest result since 2018net €267k ▲11.3%
Operating result €402k, net result €267k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Equity above €1MEq €1.13M ▲14.1%
3 profitable years in a row build equity to €1.13M.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ans · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Av A et Ph Everard de Harzir 1014432 AnsGround area
1,741 m²
Building footprint
454 m²
Volume, LiDAR
2,798 m³
Parcel 62006B0355/00F000, Wallonia · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PGT EXPRESS
since 20102.183.710.817
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62006B0355/00F000 | Wallonia | 1,741 m² | 1 · 454 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 12,603 companies in sector 49410 we hold annual accounts for 8,194. 3,566 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2009
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
53200Other postal and courier activities
52100Warehousing and storage
52250Logistics services
52290Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.