Financials
Financial year 2025
pgb-Europe from Merelbeke-Melle, company number BE0425888396, closed financial year 2025 with a result of € 2.6 million after tax. For that financial year pgb-Europe recorded revenue of € 67.1 million and equity of € 21 million. Compared with financial year 2024, the result moved from € 6 million to € 2.6 million. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ 21 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.6 million
▼ 57% vs 2024
Profit after tax over the fiscal year.
€ 1.7 million
▲ 68% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 20.5 million.
People and assets in 2025
73.9
▲ 5.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.2 million
▲ 16% vs 2024
€ 83,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 255,909
▼ 19% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 19.8 million
▲ 127% vs 2024
Loans from banks and other lenders, long and short.
€ 3 million
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 21 days on average.
€ 892,727
▲ 19% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 72,335,889 | € 69,607,243 | € 67,506,352 | € 67,067,650 | ▼ 1% |
| Profit after taxes | € 9,333,235 | € 7,880,243 | € 6,010,748 | € 2,593,611 | ▼ 57% |
| Equity | € 12,383,888 | € 15,264,131 | € 21,274,879 | € 20,994,977 | ▼ 1% |
| Total debts | € 33,317,262 | € 26,623,257 | € 18,239,415 | € 23,696,791 | ▲ 30% |
| Cash | € 463,618 | € 630,789 | € 1,011,533 | € 1,696,277 | ▲ 68% |
| Land & buildings | € 2,546,578 | € 2,205,416 | € 2,873,513 | € 97,416 | ▼ 97% |
| Retained profit | € 11,763,888 | € 14,644,131 | € 20,654,879 | € 20,456,908 | ▼ 1% |
| Dividend | € 8,000,000 | € 5,000,000 | € 0 | € 0 | |
| Bank debt | € 19,526,950 | € 17,598,893 | € 8,717,192 | € 19,760,318 | ▲ 127% |
| Balance sheet total | € 49,681,887 | € 45,868,125 | € 43,495,031 | € 48,672,505 | ▲ 12% |
| Employees (FTE) | 67.7 | 71.4 | 68.1 | 73.9 | ▲ 5.8 |
Key figures of pgb-Europe, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to pgb-Europe?
What happened at pgb-Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Professional Financial Management BV stepped down as director. NBB
- JeS BV stepped down as director. NBB
- VinCo BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.6 million (▼ 57% vs 2024). Source: NBB ↗
- Professional Financial Management BV became a director. NBB
- JeS BV became a director. NBB
- VinCo BV became a director. NBB
- New establishment in Merelbeke-Melle. KBO
In short
From € 9.3 million profit in 2022 to € 2.6 million profit in 2025.
Paid € 8.9 million in corporate taxes since 2022.
Best year ever: 2022, with € 9.3 million profit.
Paid out € 13 million in dividends to the owners in total.
Management
The shares are held by pgb-International.
Directors
According to the 2025 annual accounts
Professional Financial Management BV
Managing director · represented by Frederik Pennoit
Also active at: pgb-International, pgb-Holding
since 2024 · until 2030
since 2024 · until 2030
since 2024 · until 2030
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gontrode Heirweg 318
9090 Merelbeke-Melle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0425.888.396
- VAT number
- BE 0425.888.396
- Registered office
- Gontrode Heirweg 318, 9090 Merelbeke-Melle
- Names & denominations
- pgb-Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 June 1984
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Groothandel in ijzerwaren
Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2
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