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 61 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PG Optics from Grimbergen, company number BE0765167078, closed financial year 2025 with a result of € 339,568 after tax. For that financial year PG Optics recorded a gross margin of € 761,829 and equity of € 85,965. Compared with financial year 2024, the result moved from € 307,865 to € 339,568. Profitable, and profit is growing. The buffer shrank hard: equity is 80 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 24, 2026.
€ 85,965
▼ 80% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 339,568
▲ 10% vs 2024
Profit after tax over the fiscal year.
€ 434,007
▲ 43% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 665,350 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
2.6
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 177,439
▲ 12% vs 2024
€ 68,200 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.
€ 15,475
▼ 45% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 948,450
▼ 9% vs 2024
€ 108,552 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 76,414
▲ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 76,747
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 564,353 | € 674,286 | € 730,199 | € 761,829 | ▲ 4% |
| Profit after taxes | € 259,638 | € 289,297 | € 307,865 | € 339,568 | ▲ 10% |
| Equity | € 433,309 | € 722,605 | € 420,373 | € 85,965 | ▼ 80% |
| Total debts | € 1,330,653 | € 1,213,661 | € 1,280,468 | € 1,554,845 | ▲ 21% |
| Cash | € 542,982 | € 512,957 | € 303,043 | € 434,007 | ▲ 43% |
| Land & buildings | € 424,038 | € 410,884 | € 626,439 | € 652,762 | ▲ 4% |
| Retained profit | € 378,309 | € 667,605 | € 365,373 | € 30,965 | ▼ 92% |
| Dividend | € 0 | € 0 | € 600,000 | € 665,350 | ▲ 11% |
| Bank debt | € 1,115,317 | € 1,011,005 | € 1,047,412 | € 948,450 | ▼ 9% |
| Balance sheet total | € 1,763,962 | € 1,936,266 | € 1,700,841 | € 1,640,810 | ▼ 4% |
| Employees (FTE) | 1.4 | 2.2 | 2.2 | 2.6 | ▲ 0.4 |
Key figures of PG Optics, 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 PG Optics?
What happened at PG Optics in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 339,568 (▲ 10% vs 2024). Source: NBB ↗
- New establishment in Grimbergen. KBO
- PHILIP GIERAERTS became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 259,638 profit in 2022 to € 339,568 profit in 2025.
Paid € 374,575 in corporate taxes since 2022.
Best year ever: 2025, with € 339,568 profit.
On average € 293,000 of value added per employee in 2025.
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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
Directors
According to the 2025 annual accounts
PHILIP GIERAERTS
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Hogesteenweg 1
1850 Grimbergen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0765.167.078
- VAT number
- BE 0765.167.078
- Registered office
- Hogesteenweg 1, 1850 Grimbergen
- Names & denominations
- PG Optics
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 March 2021
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Detailhandel in corrigerende brillen, lenzen en zonnebrillen
Detailhandel in fotografische en optische artikelen en in precisieinstrumenten in gespecialiseerde winkels