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PPG Belgium

Active
Public limited companyfounded 1979active for 47 yearsBrouwerijstraat 14, 8680 Koekelare, Belgium20 active companies are registered at this addressKBO/BCE: BE 0419.321.102
Summary

PPG Belgium has been active since 1979 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46.6m and a net result of €10.8m. Equity is growing by about 44% per year across the filed financial years. Its solvency ranks better than 59% of 6,142 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow ReportCompare
PPG BelgiumActiveChecked score 92/100
Risk analysis ReportCompare

Overview

Activity
Non-specialised wholesale trade
NACE 46900Wholesale of industrial chemicals NACE 46851
Largest company by equity in Koekelare, Wholesale and retail trade sector2 sites
Size
€33.4mturnover 2025
Staff
22.7 FTE
Equity
€46.6m
Profit
€10.8m
Financial health
92 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
POLLET POOL GROUP · 100%
Holdings
6
  • SMARDIXDaily manager · permanent representative TAILLIEU Dimitri Alice Caroline
Auditor: BOES & VERRUE BEDRIJFSREVISOREN2025 accounts 8 days early2 of 13 deeds summarised
Why 92raises riskLiquidity: current ratio 1.26, cash €186,898lowers riskFounded in 1979Size: turnover €33.4m, 22.7 FTE, total assets €87.5mEquity €46.6m (53.2% of total assets)Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 63% of its sector peers (NACE 46, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 78+14
equity 53.2% of total assets
Liquidity 47+5
short-term debt 15.1% · cash 0.2%
Profitability 70-6
return on assets 12.3%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,376 companies, NACE 46, 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: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.2%▼ -0.2 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value
Credit of up to €3,300,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.26, compared with 1.03 in 2024, below the usual 1.5; short-term debt: 15.1% and cash: 0.2% of total assets), and 46.8% 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 46, small): better than 62% on solvency, 56% on liquidity, 61% on profitability and 74% on growth.

The bankruptcy probability was computed on 28-10-2026 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).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.26, cash €186,898
NBB · annual accounts
lowers risk · Founded in 1979
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €33.4m, 22.7 FTE, total assets €87.5m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €46.6m (53.2% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
8 days early
2024
3 days early
2023
5 days early
2022
3 days early
2021
6 days early
2020
5 days early
2019
on the day
← 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 4 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Highest result from 2018 to 2025net €10.8m ▲15.6%
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Positive: Largest company by equity in Koekelare, Wholesale and retail trade sectorin the Checked rankings No. 1 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €10.8m 8 years View
  • Controlled by POLLET POOL GROUPultimately: POLLET GROUP 100% View
  • Positive: Equity rose in 2025from €35.8m to €46.6m ▲ 30.0% View
  • Active since 1979founded 19-03-1979 47 years View

By topic

Financials

Financial year
2025
Turnover
€33.4m
Profit
€10.8m
Solvency
53.2%
Turnover▲ 3.6%
Net result
20242025
Go to Financials

Board & ownership

Board
1 member
Parent
POLLET POOL GROUP · 100%
Auditor
BOES & VERRUE BEDRIJFSREVISOREN
  • SMARDIXDaily manager
Go to Board & ownership

Network & group

Group
POLLET GROUP
Subsidiaries, all levels
7
Direct holdings
6
Connected companies
19

7 subsidiaries

Go to Network & group

Timeline

Events
52
Since
1981
Next accounts
by 31-07-2027
  1. 05-05-2025Appointment: BV BOES JOSEPH-MICHEL BEDRIJSFREVISOR (statutory auditor)
  2. 14-10-2024Amendment of the articles · Name ·…
  3. 26-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Non-specialised wholesale tradeNACE 46900
Founded
19-03-1979
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about PPG Belgium

What is the company number of PPG Belgium?
0419.321.102. In Belgium the VAT number is the company number with BE in front: BE 0419.321.102.
Where is PPG Belgium based?
The registered office is at Brouwerijstraat 14, 8680 Koekelare.Company details
What does PPG Belgium do?
According to the KBO register, the main activity is non-specialised wholesale trade (NACE 46900).
What is the legal form of PPG Belgium?
Public limited company (NV).
When was PPG Belgium founded?
On 19-03-1979.
Is PPG Belgium still active?
Yes, PPG Belgium is an active enterprise in the KBO register.
How many employees does PPG Belgium have?
On average 22.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of PPG Belgium?
€33.4m in financial year 2025, according to the filed annual accounts.
Is PPG Belgium profitable?
In financial year 2025, PPG Belgium made a profit of €10.8m.
Where can I find the annual accounts of PPG Belgium?
PPG Belgium filed 46 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PPG Belgium due?
By 31-07-2027, for financial year 2026.Timeline

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