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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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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 RECON from Gistel, company number BE0737333523, closed financial year 2025 with a result of € -2,400 after tax. For that financial year PGS RECON recorded a gross margin of € 694,876 and equity of € 208,896. Compared with financial year 2024, the result moved from € -76,896 to € -2,400. The company made a loss. 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.
€ 208,896
▲ € 246,600 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,400
▲ 97 % less loss than in 2024
Profit after tax over the fiscal year.
€ 77,902
▲ 204% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -41,104.
People and assets in 2025
9.4
▲ 6.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 628,906
▲ 237% vs 2024
€ 66,900 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.
€ 23,425
▼ 5% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 295,420
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 137,941
▲ 204% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 647,644 | € 219,651 | € 177,654 | € 694,876 | ▲ 291% |
| Profit after taxes | € 37,143 | € 2,021 | € -76,896 | € -2,400 | ▲ € 74,495 |
| Equity | € 38,071 | € 39,192 | € -37,704 | € 208,896 | ▲ € 246,600 |
| Total debts | € 302,988 | € 262,324 | € 698,749 | € 670,040 | ▼ 4% |
| Cash | € 13,115 | € 27,649 | € 25,667 | € 77,902 | ▲ 204% |
| Retained profit | € 37,071 | € 38,192 | € -38,704 | € -41,104 | ▼ € 2,400 |
| Balance sheet total | € 341,059 | € 301,516 | € 661,045 | € 878,936 | ▲ 33% |
| Employees (FTE) | 3.8 | 3 | 3 | 9.4 | ▲ 6.4 |
Key figures of PGS RECON, 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 RECON?
What happened at PGS RECON in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,400. Source: NBB ↗
- Grauwet Roger BV became a director. NBB
- Graco BV became a director. NBB
- New establishment in Mechelen. KBO
- Start of the company according to the CBE. KBO
In short
From € 37,143 profit in 2022 to € 2,400 loss in 2025.
Paid € 11,420 in corporate taxes since 2022.
Best year ever: 2022, with € 37,143 profit.
On average € 73,900 of value added per employee in 2025.
Management
The stake of PGS RDB Pallets comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PGS RECONBehind PGS RECON 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 SPECIAL PACKAGING, PGS RDB Pallets, Nails Of Flanders, 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, PGS SPECIAL PACKAGING, Nails Of Flanders, 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
Zandvoortstraat 15 box B
2800 Mechelen
Active since 31 October 2019
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 SPECIAL PACKAGING same network
€ 209,625 gross margin · 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
- 0737.333.523
- VAT number
- BE 0737.333.523
- Registered office
- Torhoutse Baan 5 bus 2, 8470 Gistel
- Names & denominations
- PGS RECON
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 October 2019
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Reparatie en onderhoud van andere apparatuur
Vervaardiging van houten emballage
Groothandel in hijs-, hef- en transportwerktuigen
Verhuur en lease van andere machines en werktuigen en andere materiële goederen
Terugwinning van materialen uit afval
Terugwinning van overig gesorteerd afval