PKGRO
ActiveSummary
PKGRO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €322,072 and a net result of €60,059. Equity is growing by ~20.2% per year across the filed fiscal years. Its solvency ranks better than 82% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+2
Solvency100▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 4.22 against 3.18 in 2024; short-term debt: 18.7% and cash: 16.4% of total assets), and 22.8% of the assets are financed with debt.
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Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
77.2%
Return on assets
14.4%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 09-10-2025, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
7 d early
2023
6 d early
2022
6 d early
2021
3 d early
2019
7 d early
2018
7 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 8 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 25 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€322,072▲ 16.6%
2024 · €276,175
Total assets
€416,935▲ 0.2%
2024 · €416,114
Net result
€60,059▲ 8.3%
2024 · €55,462
Working capital
€250,268▲ 28.2%
2024 · €195,280
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€106,988-€91,198▼ 14.8%€25,269▼ 72.3%€90,065▲ 256%€96,871▲ 7.6%
Net result€70,506above the sector's middle half-€59,470above the sector's middle half▼ 15.7%€14,532within the sector's middle half▼ 75.6%€55,462above the sector's middle half▲ 282%€60,059above the sector's middle half▲ 8.3%
Equity€146,711above the sector's middle half-€206,181above the sector's middle half▲ 40.5%€220,713above the sector's middle half▲ 7.0%€276,175above the sector's middle half▲ 25.1%€322,072above the sector's middle half▲ 16.6%
Total assets€340,148above the sector's middle half-€409,825above the sector's middle half▲ 20.5%€400,470above the sector's middle half▼ 2.3%€416,114above the sector's middle half▲ 3.9%€416,935above the sector's middle half▲ 0.2%
Debt€193,438-€203,645▲ 5.3%€179,757▼ 11.7%€139,939▼ 22.2%€94,863▼ 32.2%
Working capital€127,712above the sector's middle half-€153,641above the sector's middle half▲ 20.3%€155,446above the sector's middle half▲ 1.2%€195,280above the sector's middle half▲ 25.6%€250,268above the sector's middle half▲ 28.2%
Solvency43.1%within the sector's middle half-50.3%within the sector's middle half▲ 7.2pp55.1%within the sector's middle half▲ 4.8pp66.4%within the sector's middle half▲ 11.3pp77.2%above the sector's middle half▲ 10.9pp
Current ratio2.03within the sector's middle half-2.72within the sector's middle half▲ 0.692.76within the sector's middle half▲ 0.043.18within the sector's middle half▲ 0.424.22above the sector's middle half▲ 1.03
Return on assets (ROA)20.7%above the sector's middle half-14.5%within the sector's middle half▼ 6.2pp3.6%within the sector's middle half▼ 10.9pp13.3%within the sector's middle half▲ 9.7pp14.4%within the sector's middle half▲ 1.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €416,935
Fixed assets
€88,874 ▼ 32.4%
Current assets
€328,061 ▲ 15.2%
Equity and liabilities €416,935
Equity
€322,072 ▲ 16.6%
Debt
€94,863 ▼ 32.2%
Debt's share of the balance-sheet total falls from 33.6% to 22.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€141,451▲
2024 · €135,069
Cash flow
€104,640▲
2024 · €100,466
Debt to equity
0.29▼
2024 · 0.51
ROE
18.6%▼
2024 · 20.1%
Interest coverage
49.89▲
2024 · 41.35
Debt ≤ 1 year
€77,793▼
2024 · €89,380
Debt > 1 year
€17,070▼
2024 · €50,560
Income taxes
€34,391▲
2024 · €31,356
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 34,679 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,928 | €31,359 | €48,748 | €45,004 | €44,581 | ▼ 0.9% |
| Other operating charges640/8 | - | €1,386 | €1,515 | €1,321 | €1,415 | ▲ 7.2% |
| Gross operating margin9900 | €128,255 | €123,943 | €75,532 | €136,389 | €142,867 | ▲ 4.7% |
| Operating profit (loss)9901 | €106,988 | €91,198 | €25,269 | €90,065 | €96,871 | ▲ 7.6% |
| Financial income75/76B | - | €150 | €106 | €19 | €415 | ▲ 2,035% |
| Recurring financial income75 | €296 | €150 | €106 | €19 | €415 | ▲ 2,035% |
| Financial charges65/66B | - | €3,699 | €3,205 | €3,266 | €2,835 | ▼ 13.2% |
| Recurring financial charges65 | €2,671 | €3,699 | €3,205 | €3,266 | €2,835 | ▼ 13.2% |
| Profit (loss) for the period before taxes9903 | €104,612 | €87,649 | €22,170 | €86,818 | €94,450 | ▲ 8.8% |
| Income taxes67/77 | €34,107 | €28,179 | €7,638 | €31,356 | €34,391 | ▲ 9.7% |
| Profit (loss) for the period9904 | €70,506 | €59,470 | €14,532 | €55,462 | €60,059 | ▲ 8.3% |
| Profit (loss) for the period to be appropriated9905 | €70,506 | €59,470 | €14,532 | €55,462 | €60,059 | ▲ 8.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €340,148 | €409,825 | €400,470 | €416,114 | €416,935 | ▲ 0.2% |
| Fixed assets21/28 | €88,529 | €166,921 | €156,759 | €131,455 | €88,874 | ▼ 32.4% |
| Tangible fixed assets22/27 | €88,529 | €166,921 | €156,759 | €131,455 | €88,874 | ▼ 32.4% |
| Land and buildings22 | - | - | €15,264 | €13,614 | €11,964 | ▼ 12.1% |
| Plant, machinery and equipment23 | - | €15,784 | €11,612 | €25,676 | €20,104 | ▼ 21.7% |
| Furniture and vehicles24 | - | €108,683 | €98,629 | €72,111 | €47,953 | ▼ 33.5% |
| Leasing and similar rights25 | - | €42,454 | €31,254 | €20,054 | €8,854 | ▼ 55.8% |
| Current assets29/58 | €251,620 | €242,904 | €243,711 | €284,659 | €328,061 | ▲ 15.2% |
| Amounts receivable within one year40/41 | €159,163 | €191,161 | €218,778 | €240,527 | €258,914 | ▲ 7.6% |
| Trade receivables40 | - | €101,837 | €120,684 | €133,048 | €137,951 | ▲ 3.7% |
| Other amounts receivable41 | - | €89,324 | €98,094 | €107,478 | €120,963 | ▲ 12.5% |
| Cash at bank and in hand54/58 | €91,926 | €51,078 | €24,110 | €43,441 | €68,394 | ▲ 57.4% |
| Deferred charges and accrued income490/1 | - | €664 | €823 | €691 | €752 | ▲ 8.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €340,148 | €409,825 | €400,470 | €416,114 | €416,935 | ▲ 0.2% |
| Equity10/15 | €146,711 | €206,181 | €220,713 | €276,175 | €322,072 | ▲ 16.6% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €129,455 | €188,925 | €203,457 | €258,919 | €304,817 | ▲ 17.7% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | - | €27,055 | €27,055 | €27,055 | €27,055 | = |
| Distributable reserves133 | - | €160,010 | €174,542 | €231,864 | €277,762 | ▲ 19.8% |
| Profit (loss) carried forward14 | €11,056 | €11,056 | €11,056 | €11,056 | €11,056 | = |
| Amounts payable17/49 | €193,438 | €203,645 | €179,757 | €139,939 | €94,863 | ▼ 32.2% |
| Amounts payable after more than one year17 | €69,530 | €114,381 | €91,492 | €50,560 | €17,070 | ▼ 66.2% |
| Financial debts170/4 | - | €114,381 | €91,492 | €50,560 | €17,070 | ▼ 66.2% |
| Amounts payable within one year42/48 | €123,908 | €89,264 | €88,266 | €89,380 | €77,793 | ▼ 13.0% |
| Current portion of amounts payable after more than one year42 | - | €60,395 | €60,821 | €58,603 | €47,261 | ▼ 19.4% |
| Trade debts44 | €22,143 | €19,183 | €24,445 | €17,920 | €19,544 | ▲ 9.1% |
| Suppliers440/4 | - | €19,183 | €24,445 | €17,920 | €19,544 | ▲ 9.1% |
| Taxes, remuneration and social security45 | - | €9,685 | €3,000 | €12,856 | €10,927 | ▼ 15.0% |
| Taxes450/3 | - | €9,685 | €3,000 | €12,856 | €10,927 | ▼ 15.0% |
| Other amounts payable47/48 | - | €0 | - | - | €60 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €70,506 | €59,470 | €14,532 | €55,462 | €60,059 | ▲ 8.3% |
| + Depreciation and write-downs630 | €19,928 | €31,359 | €48,748 | €45,004 | €44,581 | ▼ 0.9% |
| Operating cash flow (approximation) | €90,434 | €90,829 | €63,280 | €100,466 | €104,640 | ▲ 4.2% |
| Investment in fixed assets (approximation) | - | -€109,751 | -€38,586 | -€19,700 | -€2,000 | ▲ 89.8% |
| Change in cash | - | -€40,848 | -€26,969 | €19,332 | €24,952 | ▲ 29.1% |
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
Next filing, fiscal year 2026, expected by
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Equity above €200,000Eq €206,181 ▲40.5%
3 profitable years in a row build equity to €206,181.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Highest result since 2019net €70,506 ▲398%
Operating result €106,988, net result €70,506, both a record.
31-03
Financial
Equity above €100,000Eq €146,711 ▲143%
2 profitable years in a row build equity to €146,711.
2019
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
24-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
26-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Jabbeke · 1 establishment unit since 2013
Ground area
461 m²
Building footprint
103 m²
Volume, LiDAR
584 m³
Parcel 31012B0383/00X000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PKGRO
since 20132.218.542.824
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31012B0383/00X000 | Flanders | 461 m² | 1 · 103 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 296 EUR awarded · 296 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 296 EUR | 296 EUR |
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BLT
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Of 8,465 companies in sector 43120 we hold annual accounts for 3,233. 2,410 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-04-2013
Fiscal year end31-03
Activities, NACEBEL 2025
43120Site preparation
41002Construction of residential and non-residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0526806406
Also
9925:BE0526806406
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.