Summary
PRG PROJECTS has a registered holding activity and consists mainly of financial fixed assets. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €32.9m and a net result of -€4.7m. Equity grew by about 4.4% per year on average since 2018. In 2025 it fell by 12.6%. Its solvency ranks better than 48% of 298 sector peers (NACE 90, financial year 2025). The company has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 15-12-1997 Normal situation
- Activity
- Specialised image, lighting and sound technical services NACE 90393and 2 others
- Joint committee
- 227 Audiovisual sector · annual accounts 2025
- Establishment unit
- 2.085.176.039 8400 Ostend, since 28-01-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
- Gary BoydDirector · since 31-05-2022
- Frederic OpsomerDirector · since 31-10-2022
- Auditor
- Grant Thornton Bedrijfsrevisoren BV
- Production Resource Group LLCconsolidatesannual accounts 2025
- Holdings
- Shares in 2 companies PRG Projects Co. Limited and XL Video GmbH
Financial position
- Gross margin
- €453,616
- ▼ 33.0%
- Turnover
- ≈ €620,000
- estimated
- Loss
- €4.7m
- Equity
- €32.9m
- ▼ 12.6%
- Total assets
- €72.8m
- ▼ 1.6%
- Employees on 31-12-2025
- 18
- ▲ 50.0%
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
The company filed its last 7 accounts on average 81 days after the deadline. In the sector (NACE 90), the median for financial year 2024 was 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Key points
Recent changes
- · Gazette deed Reappointment: Grant Thornton Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Elie Janssens
- · Gazette deed Resignation: Scott Hansen (director)
- · Gazette deed Merger: PRG Projects takes over XL VIDEO
Comparable companies
These companies have the same main activity as PRG PROJECTS: specialised image, lighting and sound technical services (NACE 90393). They are comparable in size and age: total assets between €9.1m and €74m, founded between 1989 and 2004.
| Company | Total assets | Gross margin |
|---|---|---|
| PRG PROJECTS Ostend | €72.8m | €0.5m |
| Live Nation festivals Mechelen | €74.0m | - |
| LITES Vilvoorde | €28.7m | €3.3m |
| PIAS GROUP Brussels | €43.8m | - |
| EYE-LITE BELGIUM Mont-Saint-Guibert | €9.6m | €0.2m |
| CinemaNext Liège | €14.2m | - |
| P.F.L. Beerse | €9.1m | €2.5m |
Key facts about PRG PROJECTS
- What is the company number of PRG PROJECTS?
- The company number of PRG PROJECTS is 0462.106.218. The VAT number is the same number with BE in front: BE 0462.106.218.
- Where is PRG PROJECTS based?
- The registered office is at John Cordierlaan 11, 8400 Ostend.Company details
- What does PRG PROJECTS do?
- According to the KBO register, the main activity is specialised image, lighting and sound technical services (NACE 90393).
- What is the legal form of PRG PROJECTS?
- PRG PROJECTS is a public limited company (NV).
- When was PRG PROJECTS founded?
- PRG PROJECTS was founded on 15-12-1997.
- Is PRG PROJECTS still active?
- Yes, PRG PROJECTS is an active enterprise in the KBO register.
- How many employees does PRG PROJECTS have?
- PRG PROJECTS had an average of 15.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does PRG PROJECTS fall under?
- In its 2025 annual accounts, PRG PROJECTS states joint committee 227 (Audiovisual sector).
- What is the turnover of PRG PROJECTS?
- The turnover in financial year 2025 is ≈ €620,000. This figure is estimated from the gross margin of €453,616 and 31 comparable companies (NACE 90). It probably lies between €480,000 and €1.2m. In financial year 2020 turnover was €30,196.
- Is PRG PROJECTS profitable?
- In financial year 2025, PRG PROJECTS made a loss of €4.7m.
- Where can I find the annual accounts of PRG PROJECTS?
- PRG PROJECTS filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PRG PROJECTS due?
- PRG PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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