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 48 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PARTNER REFRACTORIES GUNITING from Ciney, company number BE0474638321, closed financial year 2025 with a result of € 4.3 million after tax. For that financial year PARTNER REFRACTORIES GUNITING recorded a gross margin of € 4 million and equity of € 546,956. Compared with financial year 2024, the result moved from € 438,134 to € 4.3 million. Profitable, and profit is growing. The buffer shrank hard: equity is 62 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 13, 2026.
€ 546,956
▼ 62% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4.3 million
▲ € 3.9 million vs 2024
Profit after tax over the fiscal year.
€ 4.7 million
▲ € 3.8 million vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 5.2 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
21.8
▲ 4.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.6 million
▲ 119% vs 2024
€ 117,800 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.
€ 235,746
▼ 13% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 151,431
▼ 11% vs 2024
€ 19,500 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 396,007
▲ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 576,434
▲ 134% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,150,155 | € 3,940,439 | € 2,008,889 | € 4,004,229 | ▲ 99% |
| Profit after taxes | € -292,265 | € 1,211,144 | € 438,134 | € 4,291,626 | ▲ € 3.9 million |
| Equity | € 1,807,513 | € 1,017,667 | € 1,455,330 | € 546,956 | ▼ 62% |
| Total debts | € 948,212 | € 6,045,742 | € 1,363,323 | € 11,446,675 | ▲ € 10.1 million |
| Cash | € 495,667 | € 2,141,342 | € 889,996 | € 4,713,844 | ▲ € 3.8 million |
| Land & buildings | € 421,064 | € 374,119 | € 362,285 | € 343,847 | ▼ 5% |
| Retained profit | € 1,744,052 | € 955,196 | € 1,393,330 | € 484,956 | ▼ 65% |
| Dividend | € 2,250,000 | € 2,000,000 | € 0 | € 5,200,000 | |
| Bank debt | € 0 | € 188,622 | € 169,901 | € 151,431 | ▼ 11% |
| Balance sheet total | € 3,444,943 | € 7,586,063 | € 3,341,322 | € 12,508,503 | ▲ 274% |
| Employees (FTE) | 16.4 | 19.1 | 17.6 | 21.8 | ▲ 4.2 |
Key figures of PARTNER REFRACTORIES GUNITING, 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 PARTNER REFRACTORIES GUNITING?
What happened at PARTNER REFRACTORIES GUNITING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- CLAUDE MAXIMILIEN PIRSON stepped down as director. NBB
- GAEL HANON stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 4.3 million (▲ € 3.9 million vs 2024). filed late Source: NBB ↗
- CLAUDE MAXIMILIEN PIRSON became a director. NBB
- GAEL HANON became a director. NBB
- New establishment in Ciney. KBO
- Start of the company according to the CBE. KBO
In short
From € 292,265 loss in 2022 to € 4.3 million profit in 2025.
Paid € 832,518 in corporate taxes since 2022.
Best year ever: 2025, with € 4.3 million profit.
On average € 183,700 of value added per employee in 2025.
Management
It owns 100% of PARTNER REFRACTORIES GUNITING FRANCE, 100% of S.C. PRG ROMANIA and 100% of PARTNER REFRACTORIES GUNITTING SPAIN SLU itself.
Directors
According to the 2025 annual accounts
since 2025 · until 2027
GAEL HANON
Director
Also active at: Pirson - Montage, AVIMO, INTERNATIONAL MECHANICAL ELECTRICAL COMPANY, DETRAMO, PIRSON INTERNATIONAL, PIRSON MONTAGE HAINAUT
since 2025 · until 2027
Establishments
Establishment units
Physical locations of this company
Rue du Houisse 20
5590 Ciney
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
Self-hosted
Hosting
OVH, FR
Domain
Domain
prgpirson.com
Registered
2007-09-19
Registrar
EuroDNS S.A.
Expires
2026-09-19
Website info
Features
Security
Details
- Company number
- 0474.638.321
- VAT number
- BE 0474.638.321
- Registered office
- Rue du Houisse 20, 5590 Ciney
- Names & denominations
- PARTNER REFRACTORIES GUNITING · P.R.G.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 April 2001
- Peppol
- Active · Active since 20 Nov 2020
- Contact
- prgpirson.com
- Activities · NACE
Vervaardiging van industriële ovens en branders, inclusief elektrische
Vervaardiging van ovens en permanente verwarmingstoestellen voor huishoudelijk gebruik
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde werkzaamheden in de bouw
Overige gespecialiseerde bouwwerkzaamheden
Installatie van isolatie
Isolatiewerkzaamheden