Financials
Financial year 2025
pgb-International from Merelbeke-Melle, company number BE0428923508, closed financial year 2025 with a result of € 1.9 million after tax. For that financial year pgb-International recorded revenue of € 2.2 million and equity of € 25.4 million. Compared with financial year 2024, the result moved from € 7.8 million to € 1.9 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.
€ 25.4 million
▼ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.9 million
▼ 76% vs 2024
Profit after tax over the fiscal year.
€ 394,236
▼ 56% 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 € 23.9 million.
People and assets in 2025
7.2
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 895,018
▲ 3% vs 2024
€ 124,300 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.
Debts at end 2025
€ 4.2 million
Loans from banks and other lenders, long and short.
€ 45,362
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 16 days on average.
€ 135,632
▼ 69% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,188,694 | € 1,243,530 | € 1,748,735 | € 2,191,155 | ▲ 25% |
| Profit after taxes | € 7,006,168 | € 9,649,931 | € 7,758,037 | € 1,880,238 | ▼ 76% |
| Equity | € 14,531,451 | € 22,181,382 | € 29,939,419 | € 25,361,465 | ▼ 15% |
| Total debts | € 7,942,085 | € 2,226,749 | € 478,592 | € 4,385,732 | ▲ € 3.9 million |
| Cash | € 429,011 | € 524,056 | € 905,517 | € 394,236 | ▼ 56% |
| Land & buildings | € 1,883,852 | € 4,628,646 | € 4,762,881 | € 0 | ▼ 100% |
| Retained profit | € 12,601,451 | € 20,251,382 | € 28,009,419 | € 23,905,942 | ▼ 15% |
| Dividend | € 5,000,000 | € 2,000,000 | € 0 | € 0 | |
| Bank debt | € 0 | € 0 | € 0 | € 4,200,000 | |
| Balance sheet total | € 22,473,536 | € 24,408,131 | € 30,418,011 | € 29,747,197 | ▼ 2% |
| Employees (FTE) | 5.5 | 6.3 | 7 | 7.2 | ▲ 0.2 |
Key figures of pgb-International, 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-International?
What happened at pgb-International 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 € 1.9 million (▼ 76% vs 2024). Source: NBB ↗
- JeS BV became a director. NBB
- Professional Financial Management BV became a director. NBB
- VinCo BV became a director. NBB
- New establishment in Merelbeke-Melle. KBO
In short
From € 7 million profit in 2022 to € 1.9 million profit in 2025.
Paid € 747,583 in corporate taxes since 2022.
Best year ever: 2023, with € 9.6 million profit.
Paid out € 7 million in dividends to the owners in total.
Management
The shares are held by pgb-Holding (100%). It owns 100% of PGB-Asia Limited, 100% of PGB-France sarl, 100% of PGB-Polska sp. z.o.o., 100% of Gebu Volco and 100% of PGB-Europe itself.
Directors
According to the 2025 annual accounts
Professional Financial Management BV
Managing director · represented by Frederik Pennoit
Also active at: pgb-Europe, pgb-Holding
since 2020 · until 2026
since 2020 · until 2026
since 2020 · until 2026
Shareholders
100%
Participations
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
- 0428.923.508
- VAT number
- BE 0428.923.508
- Registered office
- Gontrode Heirweg 318, 9090 Merelbeke-Melle
- Names & denominations
- pgb-International
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 April 1986
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Activiteiten van holdings
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Holdings