Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 54 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
PGZ RETAIL CONCEPT from Wommelgem, company number BE0433698084, closed financial year 2024 with a result of € 486,836 after tax. For that financial year PGZ RETAIL CONCEPT recorded revenue of € 16.1 million and equity of € 2.2 million. Compared with financial year 2023, the result moved from € 524,179 to € 486,836. The company is profitable. The buffer shrank hard: equity is 70 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 23, 2025.
€ 2.2 million
▼ 70% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 486,836
▼ 7% vs 2023
Profit after tax over the fiscal year.
€ 59,868
▼ 86% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 5.5 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2024
5.1
▼ 0.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 443,987
▼ 4% vs 2023
€ 87,100 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 2024
None
No bank loans on the last day of the fiscal year.
€ 877,960
▼ 50% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 21 days on average.
€ 248,716
▲ € 212,456 vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 21,030,899 | € 18,122,751 | € 17,105,578 | € 16,135,641 | ▼ 6% |
| Profit after taxes | € 1,651,902 | € 1,249,308 | € 524,179 | € 486,836 | ▼ 7% |
| Equity | € 7,935,800 | € 6,663,834 | € 7,188,012 | € 2,174,849 | ▼ 70% |
| Total debts | € 2,457,323 | € 5,009,373 | € 1,916,952 | € 1,552,384 | ▼ 19% |
| Cash | € 83,259 | € 231,974 | € 425,763 | € 59,868 | ▼ 86% |
| Retained profit | € 6,936,222 | € 5,664,256 | € 6,188,435 | € 1,175,272 | ▼ 81% |
| Dividend | € 0 | € 2,521,274 | € 0 | € 5,500,000 | |
| Balance sheet total | € 10,393,123 | € 11,673,206 | € 9,104,964 | € 3,727,233 | ▼ 59% |
| Employees (FTE) | 5 | 5.3 | 5.6 | 5.1 | ▼ 0.5 |
Key figures of PGZ RETAIL CONCEPT, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to PGZ RETAIL CONCEPT?
What happened at PGZ RETAIL CONCEPT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Paul Verlaan stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 486,836 (▼ 7% vs 2023). filed late Source: NBB ↗
- MADE CONNECT BV became a director. NBB
- Paul Verlaan became a director. NBB
- New establishment in Wommelgem. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.7 million profit in 2021 to € 486,836 profit in 2024.
Paid € 1.1 million in corporate taxes since 2021.
Best year ever: 2021, with € 1.7 million profit.
Paid out € 8 million in dividends to the owners in total.
A new publication or filing at PGZ RETAIL CONCEPT? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind PGZ RETAIL CONCEPT is MADE CONNECT BV. The shares are held by Feeder One België NV (100%).
Directors
According to the 2024 annual accounts
Director · represented by Marnix Deceuninck
since 2024
since 2024 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Koralenhoeve 25
2160 Wommelgem
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.
Website
Technologies
Hosting & Email
Email provider
Barracuda
Hosting
COMBELL-AS, BE
DNS
TransIP DNS
Domain
Domain
pgzinternational.com
Registered
2005-10-04
Registrar
Key-Systems GmbH
Expires
2026-10-04
Website info
Features
Security
Network
Details
- Company number
- 0433.698.084
- VAT number
- BE 0433.698.084
- Registered office
- Koralenhoeve 25, 2160 Wommelgem
- Names & denominations
- PGZ RETAIL CONCEPT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 March 1988
- Peppol
- Active · Active since 7 Jan 2026
- Contact
- pgzinternational.com
- Activities · NACE
Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair
Groothandel in behang, verf en woningtextiel
Groothandel in behang en onderhoudsproducten
Detailhandel in drogisterijartikelen en onderhoudsproducten
Gespecialiseerde detailhandel in drogisterijartikelen en onderhoudsproducten
Detailhandel in drogisterijartikelen en onderhoudsproducten in gespecialiseerde winkels