PSG CREATIVE
InactiveInactive; last annual accounts for fiscal year 2025. Dissolved without liquidation on 31-12-2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 08-06-2026, 53 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
53 d early
2024
51 d early
2023
19 d early
2022
13 d early
2021
12 d early
2020
33 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 30 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2025, micro schema
Equity
€22,747▲ 1.2%
2024 · €22,469
Total assets
€186,035▼ 2.3%
2024 · €190,410
Net result
€278▼ 89.8%
2024 · €2,720
Working capital
-€544
2024 · €248
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€6,043▼ 47.3%€13,524▲ 124%€6,781▼ 49.9%€14,433▲ 113%€8,285▼ 42.6%
Net result€1,603▼ 76.9%€6,836▲ 326%-€1,825€2,720€278▼ 89.8%
Equity€14,737▲ 12.2%€21,573▲ 46.4%€19,749▼ 8.5%€22,469▲ 13.8%€22,747▲ 1.2%
Total assets€124,052▲ 38.0%€173,233▲ 39.6%€222,542▲ 28.5%€190,410▼ 14.4%€186,035▼ 2.3%
Debt€109,315▲ 42.4%€151,660▲ 38.7%€202,793▲ 33.7%€167,941▼ 17.2%€163,288▼ 2.8%
Working capital€11,248▲ 35.3%-€5,576-€7,389▼ 32.5%€248-€544
Staff (FTE)2.8▲ 250%2.9▲ 3.6%3.8▲ 31.0%3.3▼ 13.2%4.7▲ 42.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €186,035
Fixed assets
€23,291 ▲ 2.2%
Current assets
€162,744 ▼ 2.9%
Equity and liabilities €186,035
Equity
€22,747 ▲ 1.2%
Debt
€163,288 ▼ 2.8%
Debt's share of the balance-sheet total falls from 88.2% to 87.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14,954▼
2024 · €19,644
Cash flow
€6,947▼
2024 · €7,931
Current ratio
1.00▼
2024 · 1.00
Debt to equity
7.18▼
2024 · 7.47
ROE
1.2%▼
2024 · 12.1%
ROA
0.1%▼
2024 · 1.4%
Interest coverage
3.80▲
2024 · 3.32
Debt ≤ 1 year
€163,288▼
2024 · €167,369
Income taxes
€4,189▼
2024 · €6,367
Staff costs
€292,867▲
2024 · €194,663
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €148,087 | €195,694 | €224,592 | €194,663 | €292,867 | ▲ 50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,079 | €3,093 | €5,285 | €5,211 | €6,669 | ▲ 28.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €4,605 | €16,619 | €0 | -€4,605 | - | - |
| Other operating charges640/8 | €985 | €1,125 | €678 | €5,779 | €706 | ▼ 87.8% |
| Non-recurring operating charges66A | - | €1,329 | €0 | - | - | - |
| Gross operating margin9900 | €162,799 | €231,382 | €237,336 | €215,480 | €308,527 | ▲ 43.2% |
| Operating profit (loss)9901 | €6,043 | €13,524 | €6,781 | €14,433 | €8,285 | ▼ 42.6% |
| Financial income75/76B | €205 | €1,858 | €178 | €576 | €116 | ▼ 79.8% |
| Recurring financial income75 | €205 | €1,858 | €178 | €40 | €116 | ▲ 190% |
| Non-recurring financial income76B | - | - | - | €536 | - | - |
| Financial charges65/66B | €2,134 | €4,637 | €5,846 | €5,922 | €3,935 | ▼ 33.6% |
| Recurring financial charges65 | €2,134 | €4,637 | €5,846 | €5,922 | €3,935 | ▼ 33.6% |
| Profit (loss) for the period before taxes9903 | €4,114 | €10,745 | €1,112 | €9,087 | €4,466 | ▼ 50.8% |
| Income taxes67/77 | €2,511 | €3,909 | €2,937 | €6,367 | €4,189 | ▼ 34.2% |
| Profit (loss) for the period9904 | €1,603 | €6,836 | -€1,825 | €2,720 | €278 | ▼ 89.8% |
| Profit (loss) for the period to be appropriated9905 | €1,603 | €6,836 | -€1,825 | €2,720 | €278 | ▼ 89.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €124,052 | €173,233 | €222,542 | €190,410 | €186,035 | ▼ 2.3% |
| Fixed assets21/28 | €6,489 | €27,150 | €27,138 | €22,794 | €23,291 | ▲ 2.2% |
| Intangible fixed assets21 | - | €19,708 | €17,737 | €15,766 | €13,959 | ▼ 11.5% |
| Tangible fixed assets22/27 | €6,489 | €7,442 | €9,401 | €7,028 | €9,332 | ▲ 32.8% |
| Plant, machinery and equipment23 | €3,591 | €2,855 | €2,120 | €1,384 | €710 | ▼ 48.7% |
| Furniture and vehicles24 | €2,899 | €4,587 | €4,178 | €2,854 | €6,120 | ▲ 114% |
| Other tangible fixed assets26 | - | - | €3,104 | €2,790 | €2,502 | ▼ 10.3% |
| Current assets29/58 | €117,563 | €146,083 | €195,404 | €167,616 | €162,744 | ▼ 2.9% |
| Stocks and contracts in progress3 | €8,800 | €3,353 | €0 | - | - | - |
| Contracts in progress37 | €8,800 | €3,353 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €93,590 | €113,963 | €157,355 | €130,135 | €109,548 | ▼ 15.8% |
| Trade receivables40 | €93,590 | €113,478 | €156,466 | €123,159 | €108,863 | ▼ 11.6% |
| Other amounts receivable41 | - | €485 | €889 | €6,976 | €685 | ▼ 90.2% |
| Cash at bank and in hand54/58 | €2,251 | €3,142 | €1,887 | €9,406 | €36,217 | ▲ 285% |
| Deferred charges and accrued income490/1 | €12,922 | €25,625 | €36,162 | €28,075 | €16,980 | ▼ 39.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €124,052 | €173,233 | €222,542 | €190,410 | €186,035 | ▼ 2.3% |
| Equity10/15 | €14,737 | €21,573 | €19,749 | €22,469 | €22,747 | ▲ 1.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €8,537 | €15,373 | €13,549 | €16,269 | €16,547 | ▲ 1.7% |
| Amounts payable17/49 | €109,315 | €151,660 | €202,793 | €167,941 | €163,288 | ▼ 2.8% |
| Amounts payable within one year42/48 | €106,315 | €151,660 | €202,793 | €167,369 | €163,288 | ▼ 2.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €23,500 | - | - |
| Financial debts43 | €0 | €25,000 | €25,000 | - | - | - |
| Credit institutions430/8 | €0 | €25,000 | €25,000 | - | - | - |
| Trade debts44 | €65,401 | €74,243 | €110,397 | €86,597 | €64,105 | ▼ 26.0% |
| Suppliers440/4 | €65,401 | €74,243 | €110,397 | €86,597 | €64,105 | ▼ 26.0% |
| Advances received on contracts in progress46 | - | - | - | €6,972 | €7,311 | ▲ 4.9% |
| Taxes, remuneration and social security45 | €40,914 | €52,416 | €67,396 | €48,150 | €89,724 | ▲ 86.3% |
| Taxes450/3 | €21,414 | €23,600 | €24,964 | €17,682 | €43,492 | ▲ 146% |
| Remuneration and social security454/9 | €19,500 | €28,816 | €42,432 | €30,469 | €46,231 | ▲ 51.7% |
| Other amounts payable47/48 | - | - | - | €2,149 | €2,149 | = |
| Accrued charges and deferred income492/3 | €3,000 | €0 | - | €572 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,603 | €6,836 | -€1,825 | €2,720 | €278 | ▼ 89.8% |
| + Depreciation and write-downs630 | €3,079 | €3,093 | €5,285 | €5,211 | €6,669 | ▲ 28.0% |
| Operating cash flow (approximation) | €4,682 | €9,929 | €3,460 | €7,931 | €6,947 | ▼ 12.4% |
| Investment in fixed assets (approximation) | - | -€23,754 | -€5,273 | -€866 | -€7,166 | ▼ 727% |
| Change in cash | - | €891 | -€1,255 | €7,519 | €26,810 | ▲ 257% |
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
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
27-01
State Gazette act
Restructuring · End & cessationPermanent representative: Kris Dimitriadis · Merger · Accounting effect10 facts ▸
State Gazette act
Restructuring · End & cessation
Permanent representative: Kris Dimitriadis · Merger · Accounting effect10 facts ▸
- General meeting, 31-12-2025
- Merger, geruisloze fusie, ontbinding zonder vereffening
- Accounting effect, 2025-12-31T00:00:00
- Dissolution, 31-12-2025
- Permanent representative, Kris Dimitriadis
- Shareholding, 100%
- Declaration, geen onroerende goederen
- Discharge, behoudens bedrog of fraude, 2025
- Discharge, behoudens bedrog of fraude, 2025
- Discharge, behoudens bedrog of fraude, 2025
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2,720
Net result €2,720 after one loss-making year.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€1,825
Net result drops to -€1,825, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Structure & network
Owners and holdings
2 ownersChain of control
- WHYZZLE
- PSG CREATIVE
Highest known parent: WHYZZLE. The sources do not say who stands above it.
Owners 2
- WHYZZLEparentSourceaccounts WHYZZLE 2025100%
-
25%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:ARANERE
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 27-01-2026 ↗
- ARANERE 100%
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 7,920 EUR awarded · 7,920 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 1,515 EUR |
| 2024 | 1 | 2,460 EUR | 945 EUR |
| 2022 | 1 | 5,460 EUR | 5,460 EUR |