Parent and group
- POLLET GROUP100%
PPG Belgium
ActiveSummary
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 has been growing by about 44% per year since 2018. Its solvency ranks better than 59% of 6,167 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
Source: KBO- Status
- Active since 19-03-1979 Normal situation
- Registered office
- 20 active companies are registered at this address Source: KBO register, as of 1 November 2026.
- Activity
- Non-specialised wholesale trade NACE 46900and 1 other
- Establishment units
- 2.016.030.182 8790 Waregem, since 26-04-1979
- 2.016.030.083 8680 Koekelare, since 20-12-1985
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
Board
- SMARDIXDaily manager · permanent representative TAILLIEU Dimitri Alice Caroline
- Pollet Pool Group NVDirector · since 10-10-2024
- Auditor
- BOES & VERRUE BEDRIJFSREVISOREN
Shareholders
- POLLET POOL GROUP100%2025 annual accounts of POLLET POOL GROUP
- Holdings
- Shares in 6 companies including A.M. Adams Holding Ltd and AFP HOLDING
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts 2025
- Turnover
- €33.4m
- ▲ 3.6%
- Profit
- €10.8m
- ▲ 15.6%
- Equity
- €46.6m
- ▲ 30.0%
- Total assets
- €87.5m
- ▼ 3.8%
- Employees on 31-12-2025
- 23
- ▼ 4.2%
Filed on 23-07-2026, 8 days before the deadline
Score breakdownraises 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 stronger than 63% of small companies in wholesale trade (NACE 46)
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 within 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).
Last 24 months
12-2024: 0.3%
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
11-2026: 0.2%● unchanged vs 10-2026lowest value
Credit of up to €3,300,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.26 (1.03 in 2024), below the usual 1.5. Short-term debt is 15.1% and cash 0.2% of total assets. 46.8% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 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). It does better than 62% of them on solvency, 56% on liquidity, 61% on profitability and 74% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
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 filingsDeviation 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
The company filed its last 7 accounts on average 4 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 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 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
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
- Positive: Equity rose in 2025from €35.8m to €46.6m ▲ 30.0% View
Recent changes
- · Gazette deed Appointment: BV BOES JOSEPH-MICHEL BEDRIJSFREVISOR (statutory auditor)Permanent representative: Dimitri Taillieu
- · Gazette deed Company renamed from POLLET POOL GROUP to PPG BelgiumResignations: POLLET WATER GROUP, Sofie POLLET and ARCHER CONSULTANCY · Permanent representatives: Jacques POLLET, Jeroen VAN WAUWE and 2 others · Appointment: SMARDIX (day-to-day manager)
Companies linked to PPG Belgium
Comparable companies
These companies have the same main activity as PPG Belgium: non-specialised wholesale trade (NACE 46900). They are comparable in size and age: total assets between €14m and €110m, founded between 1967 and 1980.
| Company | Total assets | Turnover |
|---|---|---|
| PPG Belgium Koekelare | €87.5m | €33.4m |
| LOUIS BLOCKX Arendonk | €44.8m | €47.3m |
| POLYCASA Geel | €110.3m | €41.5m |
| Vidara Benelux Olen | €43.1m | €118.0m |
| Yokohama TWS Belgium Evergem | €37.6m | €80.5m |
| REGAL BELOIT BELGIUM Kontich | €17.5m | €16.0m |
| Eurocable Beveren-Kruibeke-Zwijndrecht | €14.1m | €26.8m |
Key facts about PPG Belgium
- What is the company number of PPG Belgium?
- The company number of PPG Belgium is 0419.321.102. The VAT number is the same 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?
- The legal form of PPG Belgium is Public limited company (NV).
- When was PPG Belgium founded?
- PPG Belgium was 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?
- PPG Belgium had an average of 22.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of PPG Belgium?
- The turnover of PPG Belgium was €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?
- PPG Belgium must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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