Financials
Financial year 2024
PGE from Assenede, company number BE0478936213, closed financial year 2024 with a result of € 181,441 after tax. For that financial year PGE recorded a gross margin of € 1.2 million and equity of € 2.3 million. Compared with financial year 2023, the result moved from € 381,647 to € 181,441. 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 October 31, 2025.
€ 2.3 million
▲ 9% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 181,441
▼ 52% vs 2023
Profit after tax over the fiscal year.
€ 453,234
▲ 23% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 2.3 million.
People and assets in 2024
12.5
▲ 2.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 883,594
▲ 28% vs 2023
€ 70,700 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.
€ 100,116
▼ 6% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 508
▼ 92% vs 2023
Loans from banks and other lenders, long and short.
€ 60,867
▼ 62% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 15,338
▲ 61% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 1,606,225 | € 1,848,719 | € 1,303,849 | € 1,182,605 | ▼ 9% |
| Profit after taxes | € 598,457 | € 753,691 | € 381,647 | € 181,441 | ▼ 52% |
| Equity | € 981,609 | € 1,735,300 | € 2,116,947 | € 2,298,388 | ▲ 9% |
| Total debts | € 379,485 | € 220,907 | € 188,831 | € 82,687 | ▼ 56% |
| Cash | € 757,023 | € 838,522 | € 369,732 | € 453,234 | ▲ 23% |
| Land & buildings | - | € 222,736 | € 217,336 | € 214,829 | ▼ 1% |
| Retained profit | € 962,609 | € 1,716,300 | € 2,097,947 | € 2,279,388 | ▲ 9% |
| Dividend | € 78,294 | € 0 | € 0 | € 0 | |
| Bank debt | € 62,481 | € 12,553 | € 6,562 | € 508 | ▼ 92% |
| Balance sheet total | € 1,361,093 | € 1,956,207 | € 2,305,779 | € 2,381,076 | ▲ 3% |
| Employees (FTE) | 12.5 | 10.8 | 10 | 12.5 | ▲ 2.5 |
Key figures of PGE, 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 PGE?
What happened at PGE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 181,441 (▼ 52% vs 2023). filed late Source: NBB ↗
- DE MEULENAERE BV became a director. NBB
- New establishment in Assenede. KBO
- Start of the company according to the CBE. KBO
In short
From € 598,457 profit in 2021 to € 181,441 profit in 2024.
Paid € 909,826 in corporate taxes since 2021.
Best year ever: 2022, with € 753,691 profit.
On average € 94,600 of value added per employee in 2024.
Management
The stake of DE MEULENAERE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PGEBehind PGE is DE MEULENAERE BV. The shares are held by DE MEULENAERE (16%).
Directors
According to the 2024 annual accounts
Director · represented by Philippe De Meulenaere
since 2017
Shareholders
16%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Heremietstraat 10
9960 Assenede
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
- 0478.936.213
- VAT number
- BE 0478.936.213
- Registered office
- Heremietstraat 10, 9960 Assenede
- Names & denominations
- PGE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 December 2002
- Peppol
- Active · Active since 9 Dec 2025
- Activities · NACE
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