Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Shrinking team NBB
FTE fell two years in a row, from 65.8 to 46.5.
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Busy address KBO
21 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PGS De Backer Pallets from Gistel, company number BE0426292630, closed financial year 2025 with a result of € 1.4 million after tax. For that financial year PGS De Backer Pallets recorded revenue of € 49.3 million and equity of € 10.2 million. Compared with financial year 2024, the result moved from € 658,562 to € 1.4 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 10, 2026.
€ 10.2 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.4 million
▲ 109% vs 2024
Profit after tax over the fiscal year.
€ 740,788
▲ 193% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.1 million paid out
76 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
46.5
▼ 3.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.2 million
▼ 8% vs 2024
€ 67,800 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.
€ 805,774
▼ 34% vs 2024
Of which on lease € 386,558.
Debts at end 2025
€ 1.3 million
▼ 1% vs 2024
€ 399,064 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 3.2 million
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 26 days on average.
€ 412,023
▲ 24% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 102,762,861 | € 60,647,265 | € 46,428,094 | € 49,265,427 | ▲ 6% |
| Profit after taxes | € 4,960,580 | € 2,466,724 | € 658,562 | € 1,375,158 | ▲ 109% |
| Equity | € 9,822,631 | € 9,864,755 | € 9,873,318 | € 10,198,476 | ▲ 3% |
| Total debts | € 20,557,157 | € 6,905,090 | € 6,176,476 | € 6,130,873 | ▼ 1% |
| Cash | € 976,109 | € 704,771 | € 252,872 | € 740,788 | ▲ 193% |
| Retained profit | € 9,630,631 | € 9,672,755 | € 9,681,318 | € 10,006,476 | ▲ 3% |
| Dividend | € 4,800,000 | € 2,375,000 | € 650,000 | € 1,050,000 | ▲ 62% |
| Bank debt | € 8,837,466 | € 1,291,360 | € 1,358,212 | € 1,340,246 | ▼ 1% |
| Balance sheet total | € 30,379,788 | € 16,769,845 | € 16,049,793 | € 16,329,349 | ▲ 2% |
| Employees (FTE) | 68 | 65.8 | 50 | 46.5 | ▼ 3.5 |
Key figures of PGS De Backer Pallets, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to PGS De Backer Pallets?
What happened at PGS De Backer Pallets in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jadal SAS stepped down as director. NBB
- Iment BV stepped down as director. NBB
- Grauwet Roger BV stepped down as director. NBB
- Edfanzac SAS stepped down as director. NBB
- Graco BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.4 million (▲ 109% vs 2024). Source: NBB ↗
- Jadal SAS became a director. NBB
- Edfanzac SAS became a director. NBB
In short
From € 5 million profit in 2022 to € 1.4 million profit in 2025.
Paid € 2.5 million in corporate taxes since 2022.
Best year ever: 2022, with € 5 million profit.
Paid out € 8.9 million in dividends to the owners in total.
Management
It owns 50% of PGS RDB Pallets itself.
Directors
According to the 2025 annual accounts
Jadal SAS
Director · represented by Jean-Louis Louvel
Also active at: PGS RODANAR PALLETS, PGS Rec Belgium, PGS Demey
since 2022 · until 2027
since 2022 · until 2027
Managing director · represented by Roger Grauwet
Also active at: PGS RODANAR PALLETS, PGS MATON, PGS SPECIAL PACKAGING, PGS RDB Pallets, Nails Of Flanders, PGS RECON, PGS Rec Belgium, Demey Ronse +2 more
since 2022 · until 2027
Director · represented by Michaël Modugno
Also active at: PGS RODANAR PALLETS, Nails Of Flanders, PGS Rec Belgium, PGS Demey, PGS REVERSE EUROPE
since 2022 · until 2027
Managing director · represented by Luc Grauwet
Also active at: PGS RODANAR PALLETS, PGS MATON, White Field Development, PGS SPECIAL PACKAGING, Nails Of Flanders, PGS RECON, PGS Rec Belgium, Demey Ronse +3 more
since 2022 · until 2027
Establishments
Establishment units
Physical locations of this company
Torhoutse Baan 5 box 2
8470 Gistel
Frankrijklaan 26
8970 Poperinge
Active since 17 October 1984
Sint-Jansstraat 19
8970 Poperinge
Active since 20 January 2014
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 21 companies are registered at this address.
All companies at this address →FINIMMO 9600
€ 32,627 gross margin · 2025
PGS RODANAR PALLETS same network
€ 50.5 million revenue · 2025
White Field Development same network
€ 161,870 gross margin · 2025
PGS SPECIAL PACKAGING same network
€ 209,625 gross margin · 2025
PGS RDB Pallets same network
€ 163 million revenue · 2025
+16 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0426.292.630
- VAT number
- BE 0426.292.630
- Registered office
- Torhoutse Baan 5 bus 2, 8470 Gistel
- Names & denominations
- PGS De Backer Pallets
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 September 1984
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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