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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Busy address KBO
21 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PGS REVERSE EUROPE from Gistel, company number BE0886855261, closed financial year 2025 with a result of € 340,651 after tax. For that financial year PGS REVERSE EUROPE recorded revenue of € 14.3 million and equity of € 3.5 million. Compared with financial year 2024, the result moved from € 437,237 to € 340,651. 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 April 2, 2026.
€ 3.5 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 340,651
▼ 22% vs 2024
Profit after tax over the fiscal year.
€ 395,485
▲ 32% 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 € 2.7 million.
People and assets in 2025
5
▲ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 382,870
▲ 20% vs 2024
€ 76,600 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.
€ 44,129
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 51,774
Loans from banks and other lenders, long and short.
€ 4.4 million
▲ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 120 days on average.
€ 75,165
▼ 4% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 9,544,887 | € 14,330,867 | ▲ 50% |
| Gross margin | € 2,218,010 | € 1,744,228 | - | - | |
| Profit after taxes | € 1,777,757 | € 1,023,364 | € 437,237 | € 340,651 | ▼ 22% |
| Equity | € 1,737,021 | € 2,756,384 | € 3,193,621 | € 3,534,272 | ▲ 11% |
| Total debts | € 5,200,613 | € 2,737,639 | € 2,878,038 | € 4,551,329 | ▲ 58% |
| Cash | € 412,121 | € 1,900,951 | € 299,912 | € 395,485 | ▲ 32% |
| Retained profit | € 885,021 | € 1,904,384 | € 2,341,621 | € 2,682,272 | ▲ 15% |
| Dividend | € 1,000,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 365,532 | € 154,297 | € 0 | € 51,774 | |
| Balance sheet total | € 6,937,634 | € 5,494,024 | € 6,071,659 | € 8,085,601 | ▲ 33% |
| Employees (FTE) | 3.6 | 4.3 | 4.4 | 5 | ▲ 0.6 |
Key figures of PGS REVERSE EUROPE, 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 REVERSE EUROPE?
What happened at PGS REVERSE EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jadal SAS stepped down as director. NBB
- Grauwet Roger BV stepped down as director. NBB
- Edfanzac SAS stepped down as director. NBB
- Graco BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 340,651 (▼ 22% vs 2024). Source: NBB ↗
- Jadal SAS became a director. NBB
- Grauwet Roger BV became a director. NBB
- Edfanzac SAS became a director. NBB
In short
From € 1.8 million profit in 2022 to € 340,651 profit in 2025.
Paid € 733,993 in corporate taxes since 2022.
Best year ever: 2022, with € 1.8 million profit.
On average € 405,600 of value added per employee in 2023.
A new publication or filing at PGS REVERSE EUROPE? We notify you, reason included.
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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
Director · represented by Jean-Louis Louvel
Also active at: PGS RODANAR PALLETS, PGS De Backer Pallets, Nails Of Flanders, PGS Rec Belgium, PGS Demey
since 2023 · until 2028
Managing director · represented by Roger Grauwet
Also active at: PGS RODANAR PALLETS, PGS De Backer Pallets, PGS MATON, PGS PALLETHANDEL EELEN, PGS RDB Pallets, Nails Of Flanders, PGS RECON, PGS Rec Belgium +2 more
since 2023 · until 2028
Director · represented by Michaël Modugno
Also active at: PGS RODANAR PALLETS, PGS De Backer Pallets, Nails Of Flanders, PGS Rec Belgium, PGS Demey
since 2023 · until 2028
Managing director · represented by Luc Grauwet
Also active at: PGS RODANAR PALLETS, PGS De Backer Pallets, PGS MATON, White Field Development, PGS PALLETHANDEL EELEN, Nails Of Flanders, PGS RECON, PGS Rec Belgium +3 more
since 2023 · until 2028
Establishments
Establishment units
Physical locations of this company
Torhoutse Baan 5 box .02
8470 Gistel
Torhoutse Baan 5 box 2
8470 Gistel
Active since 31 January 2007
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
- 0886.855.261
- VAT number
- BE 0886.855.261
- Registered office
- Torhoutse Baan 5 bus .02, 8470 Gistel
- Names & denominations
- PGS REVERSE EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 January 2007
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Handelsbemiddeling in de groothandel in andere specifieke goederen
Handelsbemiddeling gespecialiseerd in overige goederen, n.e.g.
Verhuur en lease van andere huishoudelijke of persoonlijke artikelen, neg
Verhuur en lease van andere consumentenartikelen, n.e.g.