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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Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2025; threshold 65 %.
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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 SPECIAL PACKAGING from Gistel, company number BE0435941853, closed financial year 2025 with a result of € 165,788 after tax. For that financial year PGS SPECIAL PACKAGING recorded a gross margin of € 209,625 and equity of € 307,549. Compared with financial year 2024, the result moved from € -145,082 to € 165,788. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 2, 2026.
€ 307,549
▲ 117% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 165,788
▲ still € 145,082 loss in 2024
Profit after tax over the fiscal year.
€ 84,604
▲ € 70,170 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 € 301,352.
People and assets in 2025
0
▼ 2.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 910
▼ € 208,708 vs 2024
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
€ 28,392
Loans from banks and other lenders, long and short.
€ 1.2 million
▲ € 1.2 million vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 1,771,923 | € 1,176,852 | - | |
| Gross margin | € 471,199 | - | - | € 209,625 | |
| Profit after taxes | € 232,244 | € 49,731 | € -145,082 | € 165,788 | ▲ € 310,870 |
| Equity | € 237,762 | € 286,843 | € 141,761 | € 307,549 | ▲ 117% |
| Total debts | € 321,587 | € 96,929 | € 49,320 | € 1,234,790 | ▲ € 1.2 million |
| Cash | € 182,105 | € 94,799 | € 14,435 | € 84,604 | ▲ € 70,170 |
| Retained profit | € 231,565 | € 280,646 | € 135,564 | € 301,352 | ▲ 122% |
| Bank debt | € 0 | € 0 | € 0 | € 28,392 | |
| Balance sheet total | € 559,349 | € 383,773 | € 191,081 | € 1,542,339 | ▲ € 1.4 million |
| Employees (FTE) | 2.6 | 1.9 | 2.4 | 0 | ▼ 2.4 |
Key figures of PGS SPECIAL PACKAGING, 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 SPECIAL PACKAGING?
What happened at PGS SPECIAL PACKAGING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 165,788. Source: NBB ↗
- Grauwet Roger BV became a director. NBB
- Graco BV became a director. NBB
- New establishment in Lichtervelde. KBO
- Start of the company according to the CBE. KBO
In short
From € 232,244 profit in 2022 to € 165,788 profit in 2025.
Paid € 98,789 in corporate taxes since 2022.
Best year ever: 2022, with € 232,244 profit.
On average € 181,200 of value added per employee in 2022.
Management
The stake of PGS RDB Pallets comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PGS SPECIAL PACKAGINGBehind PGS SPECIAL PACKAGING are Grauwet Roger BV and Graco BV. The shares are held by PGS RDB Pallets (100%).
Directors
According to the 2025 annual accounts
Director · represented by Roger Grauwet
Also active at: PGS RODANAR PALLETS, PGS De Backer Pallets, PGS MATON, PGS RDB Pallets, Nails Of Flanders, PGS RECON, PGS Rec Belgium, Demey Ronse +2 more
since 2023
Director · represented by Luc Grauwet
Also active at: PGS RODANAR PALLETS, PGS De Backer Pallets, PGS MATON, White Field Development, Nails Of Flanders, PGS RECON, PGS Rec Belgium, Demey Ronse +3 more
since 2023
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Torhoutse Baan 5 box 2
8470 Gistel
Kortemarkstraat 86
8810 Lichtervelde
Active since 13 December 1988
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
PGS De Backer Pallets same network
€ 49.3 million revenue · 2025
White Field Development same network
€ 161,870 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
- 0435.941.853
- VAT number
- BE 0435.941.853
- Registered office
- Torhoutse Baan 5 bus 2, 8470 Gistel
- Names & denominations
- PGS SPECIAL PACKAGING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 December 1988
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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