Financials
- Financial year
- 2025
- Turnover
- €1.5m
- Loss
- -€2.7m
- Solvency
- 39.1%
pgb-Holding
ActiveSummary
pgb-Holding has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41.4m and a net result of -€2.7m. Its solvency ranks better than 38% of 3,821 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Activities of head offices
NACE 70100
7th largest company by total assets in Merelbeke-Melle, Professional and technical services sector1 site
Size
€1.5mturnover 2025
- Equity
- €41.4m
- Loss
- -€2.7m
Structure
- Parent
- WPEF IX Holdco 28 · 59.7%
- Holdings
- 1
- JeS BVDirector
Auditor: Figurad Bedrijfsrevisoren bvAccounts 25 days early
Why 84raises risk1 change of registered office in 24 monthsLiquidity: current ratio 0.44, cash €1.5mlowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Size: turnover €1.5m, total assets €106.1mShow the evidence
Checked score
Score 2025
84
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 46% of its sector peers (NACE 70, large)
Financial strength
Average
Solvency
64
equity 39.1% of total assets
Liquidity
52
short-term debt 3.6% · cash 1.5%
Profitability
31
return on assets -2.5%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2026: 0.7%
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.8%▲ +0.1 percentage points vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026highest value
07-2026: 0.8%● unchanged vs 06-2026highest value
08-2026: 0.3%▼ -0.5 percentage points vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €150,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity insufficient (current ratio 0.44, below 1; short-term debt: 3.6% and cash: 1.5% of total assets), and 60.9% 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 70, large): better than 28% on solvency, 78% on liquidity and 31% on profitability.
The bankruptcy probability was computed on 16-10-2026 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
Six signals.
lowers riskraises riskneutral
raises risk · Young company
Founded in 2024, a year ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
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 06-07-2026, 25 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
25 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
- Amendment of the articlesShare issue
- Permanent representative: Adriaan De LeeuwCapital increase · Amendment of…
- Annual accounts filedfinancial year 2025 · full…
Key points
By topic
Board & ownership
- Board
- 1 member
- Parent
- WPEF IX Holdco 28 · 59.7%
- Known shareholders
- 100%
- Auditor
- Figurad Bedrijfsrevisoren bv
- JeS BVDirector
Network & group
- Subsidiaries
- 6
- Holdings
- 1
- Connected companies
- 10
6 subsidiaries
Timeline
- Events
- 9
- Since
- 2024
- 21-05-2026Appointment: FIGURAD BEDRIJFSREVISOREN BV (statutory auditor)
- 17-11-2025Amendment of the articles
- 06-11-2025Amendment of the articles
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Activities of head officesNACE 70100
- Founded
- 19-12-2024
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 12
- Annual meeting
- Third Thursday of May at 10:00
- Purpose
- “Onder eender welke vorm,participaties te verwerven en aan te houden in vennootschappen en…” (deed in Dutch)
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