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2PG GROUP

Active
Public limited companyfounded 1990active for 36 yearsPieter Verhaeghestraat 20, 8520 Kuurne, BelgiumKBO/BCE: BE 0441.459.272
Summary

2PG GROUP has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.9m and a net result of €460,739. Equity grew by about 4.4% per year on average since 2018. In 2025 it fell by 23%. Its solvency ranks better than 35% of 862 sector peers (NACE 52, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Overview

Official details

Source: KBO
Status
Active since 05-09-1990 Normal situation
Activity
Warehousing and support activities for transportation NACE 52249and 4 others
Joint committees
200 Auxiliary committee for white-collar workers
149 Sectors related to metal, mechanical and electrical engineering · annual accounts 2025
Establishment unit
2.049.631.081 8520 Kuurne, since 28-09-1990
Financial year end
31 December
Peppol
Reachable since 24-09-2025

Board and ownership

Board
Shareholders
  • VANJANCO30-06-2025 annual accounts of VANJANCO
Holdings
Shares in 10 companies including Linum AG and LINUM EUROPE

Financial position

79 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Annual accounts 2025
Gross margin
€4.4m
▼ 16.0%
Turnover
≈ €7.6m
estimated
Profit
€460,739
▼ 29.7%
Equity
€10.9m
▼ 23.0%
Total assets
€43.0m
▲ 0.1%
Employees on 31-12-2025
63
=
  • 2025 accounts filed 31 days after the deadline
Score breakdownraises riskSector: Warehousing and support activities for transportation (NACE 52)Liquidity: current ratio 0.80, cash €1.9mLast filed accounts filed 31 days late; 1 of the last 3 accounts latelowers riskFounded in 1990Show the evidence

Checked score

Score 2025
79 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 28% of medium-sized companies in warehousing and transport support (NACE 52)
Financial strength · tick: 2024
Weak
Solvency 50-8
equity 25.2% of total assets
Liquidity 34-3
short-term debt 44.3% · cash 4.3%
Profitability 22-11
return on assets 1.1%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (176 companies, NACE 52, medium-sized)
Last 24 months 12-2024: 0.3%lowest value 01-2025: 0.3%● unchanged vs 12-2024lowest value 02-2025: 0.3%● unchanged vs 01-2025lowest value 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 06-2025 08-2025: 0.3%▼ -0.1 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.4%▲ +0.1 percentage points vs 06-2026 08-2026: 0.7%▲ +0.3 percentage points vs 07-2026highest value 09-2026: 0.5%▼ -0.2 percentage points vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026 11-2026: 0.5%● unchanged vs 10-2026
Credit of up to €850,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.8 (0.99 in 2024), below 1. Short-term debt is 44.3% and cash 4.3% of total assets. 74.8% 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 52, medium-sized). It does better than 47% of them on solvency, 38% on liquidity, 16% on profitability and 13% on growth.

The bankruptcy probability was computed on 04-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

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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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Sector: Warehousing and support activities for transportation (NACE 52)
KBO
raises risk · Liquidity: current ratio 0.80, cash €1.9m
NBB · annual accounts
raises risk · Last filed accounts filed 31 days late; 1 of the last 3 accounts late
NBB · filings
lowers risk · Founded in 1990
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
31 days late
2024
9 days early
2023
5 days early
2022
4 days early
2021
34 days early
2020
2 days early
2019
9 days early
← 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 5 days before the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% 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 (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 6th largest company by total assets in Kuurnein the Checked rankings No. 6 View
  • Positive: 8 profitable years in a rowprofit 2025: €460,739 8 years View
  • Merger with VANJANCOmerger on 17-09-2025 2025 View
  • Caution: Result fell in 2025from €655,170 to €460,739 ▼ 29.7% View
  • A director leftlatest change 28-05-2026 · 3 in office 1 left View

Recent changes

  1. · Gazette deed 1 director appointed, 1 director resigning, 2 directors reappointedResignation: VANJANCO (director) · Permanent representative: Eline DEMEULEMEESTER · Reappointments: Freddy Vanderbeke (director) and Jan Vanderbeke (director)
  2. · Gazette deed Merger: VANROOCO takes over VANJANCOCompany renamed from VANROOCO to 2PG GROUP · Capital increase of €2,330,000 to €3,830,000 · Capital from €1,500,000 to €3,830,000
  3. · Gazette deed Merger proposal: VANROOCO takes over VANJANCOAppointment: J.-B. RONSE DE CRAENE & CO (company auditor) · VANJANCO holds 22,460 shares
All 21 events

Companies linked to 2PG GROUP

Comparable companies

These companies have the same main activity as 2PG GROUP: warehousing and support activities for transportation (NACE 52249). They are comparable in size and age: total assets between €8.1m and €73m, founded between 1973 and 2005.

CompanyTotal assetsGross margin
2PG GROUP Kuurne€43.0m€4.4m
Devagro Beton & Recyclage Waregem€31.6m€3.8m
LIMBURGS LOGISTIEK PLATFORM Mol€11.7m€4.5m
WALGOED Temse€10.4m€2.6m
CARGILL Oil Packers Izegem€72.9m-
CLdN Cargo Bruges€41.1m-
Gheysens Bruges€8.1m€3.3m
Full comparison

Key facts about 2PG GROUP

What is the company number of 2PG GROUP?
The company number of 2PG GROUP is 0441.459.272. The VAT number is the same number with BE in front: BE 0441.459.272.
Where is 2PG GROUP based?
The registered office is at Pieter Verhaeghestraat 20, 8520 Kuurne.Company details
What does 2PG GROUP do?
According to the KBO register, the main activity is warehousing and support activities for transportation (NACE 52249).
What is the legal form of 2PG GROUP?
2PG GROUP is a public limited company (NV).
When was 2PG GROUP founded?
2PG GROUP was founded on 05-09-1990.
Is 2PG GROUP still active?
Yes, 2PG GROUP is an active enterprise in the KBO register.
How many employees does 2PG GROUP have?
2PG GROUP had an average of 57.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does 2PG GROUP fall under?
In its 2025 annual accounts, 2PG GROUP states joint committees 200 (Auxiliary committee for white-collar workers) and 149 (Sectors related to metal, mechanical and electrical engineering).
What is the turnover of 2PG GROUP?
The turnover in financial year 2025 is ≈ €7.6m. This figure is estimated from the gross margin of €4.4m and 1,584 comparable companies of the same size. It probably lies between €5.1m and €13.0m. It is a rough estimate. In financial year 2019 turnover was €5.5m.
Is 2PG GROUP profitable?
In financial year 2025, 2PG GROUP made a profit of €460,739.
Where can I find the annual accounts of 2PG GROUP?
2PG GROUP filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of 2PG GROUP due?
2PG GROUP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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