Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 9.4 to 6.6.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
PGS MATON from Saint-Ghislain, company number BE0428353879, closed financial year 2025 with a result of € 204,347 after tax. For that financial year PGS MATON recorded a gross margin of € 914,463 and equity of € 5.1 million. Compared with financial year 2024, the result moved from € 362,624 to € 204,347. The company is profitable. 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 21, 2026.
€ 5.1 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 204,347
▼ 44% vs 2024
Profit after tax over the fiscal year.
€ 870,177
▲ 78% 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 € 4.6 million.
People and assets in 2025
6.6
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 305,571
€ 46,300 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.
€ 272,963
▲ 18% vs 2024
Of which on lease € 242,792.
Debts at end 2025
€ 581,225
▼ 4% vs 2024
€ 265,753 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 754,799
▲ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 53,747
▼ 4% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 8,513,273 | - | - | |
| Gross margin | € 3,357,837 | - | € 1,044,615 | € 914,463 | ▼ 12% |
| Profit after taxes | € 1,909,003 | € 80,954 | € 362,624 | € 204,347 | ▼ 44% |
| Equity | € 4,505,860 | € 4,572,633 | € 4,927,784 | € 5,124,686 | ▲ 4% |
| Total debts | € 2,369,041 | € 1,957,206 | € 1,286,195 | € 1,389,771 | ▲ 8% |
| Cash | € 963,993 | € 660,529 | € 488,855 | € 870,177 | ▲ 78% |
| Land & buildings | € 1,255,466 | € 1,150,395 | € 1,056,465 | € 924,197 | ▼ 13% |
| Retained profit | € 3,979,953 | € 4,054,207 | € 4,416,831 | € 4,621,178 | ▲ 5% |
| Bank debt | € 943,612 | € 1,074,962 | € 603,409 | € 581,225 | ▼ 4% |
| Balance sheet total | € 6,874,901 | € 6,529,839 | € 6,213,979 | € 6,514,457 | ▲ 5% |
| Employees (FTE) | 11.3 | 9.4 | 7.1 | 6.6 | ▼ 0.5 |
Key figures of PGS MATON, 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 MATON?
What happened at PGS MATON in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- GRACO SRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 204,347 (▼ 44% vs 2024). Source: NBB ↗
- GRAUWET ROGER SRL became a director. NBB
- Jérôme MATON stepped down as director. NBB
- FININCO SA stepped down as director. NBB
- Mélanie MATON stepped down as director. NBB
- Jérôme MATON became a director. NBB
- FININCO SA became a director. NBB
In short
From € 1.9 million profit in 2022 to € 204,347 profit in 2025.
Paid € 891,593 in corporate taxes since 2022.
Best year ever: 2022, with € 1.9 million profit.
On average € 138,600 of value added per employee in 2025.
Management
The stake of PGS RDB Pallets, REMY MATON comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PGS MATONBehind PGS MATON is GRAUWET ROGER SRL. The shares are held by PGS RDB Pallets (80%) and REMY MATON (20%).
Directors
According to the 2025 annual accounts
Director · represented by Roger GRAUWET
Also active at: PGS RODANAR PALLETS, PGS De Backer Pallets, PGS SPECIAL PACKAGING, PGS RDB Pallets, Nails Of Flanders, PGS RECON, PGS Rec Belgium, Demey Ronse +2 more
since 2025
Jérôme MATON
Director
since 2021 · until 2025
Director · represented by Jean-Louis LOUVEL
since 2021 · until 2025
Chairman of the board · represented by Luc GRAUWET
Also active at: PGS RODANAR PALLETS, PGS De Backer Pallets, White Field Development, PGS SPECIAL PACKAGING, Nails Of Flanders, PGS RECON, PGS Rec Belgium, Demey Ronse +3 more
since 2021 · until 2027
since 2021 · until 2025
Shareholders
80%
20%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue des Azalées(B) 5
7331 Saint-Ghislain
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0428.353.879
- VAT number
- BE 0428.353.879
- Registered office
- Rue des Azalées(B) 5, 7331 Saint-Ghislain
- Names & denominations
- PGS MATON · CMAT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 February 1986
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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