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 44 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
pgb-Holding from Merelbeke-Melle, company number BE1017651051, closed financial year 2025 with a result of € -2.7 million after tax. For that financial year pgb-Holding recorded revenue of € 1.5 million and equity of € 41.4 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ 41.4 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.7 million
Profit after tax over the fiscal year.
€ 1.5 million
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.7 million.
Debts at end 2025
€ 63.7 million
€ 3.7 million is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 167,534
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 29 days on average.
What happened to pgb-Holding?
What happened at pgb-Holding in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2.7 million. Source: NBB ↗
- l’Hibou BV became a director. NBB
- Timo Koninckx became a director. NBB
- Professional Financial Management BV became a director. NBB
- JeS BV became a director. NBB
- VinCo BV became a director. NBB
- Nicolas D'heygere CommV became a director. NBB
- New establishment in Merelbeke-Melle. KBO
In short
Pays suppliers within 29 days on average.
Management
Behind pgb-Holding are l’Hibou BV, Timo Koninckx, Professional Financial Management BV, JeS BV, VinCo BV and Nicolas D'heygere CommV. The shares are held by WPEF IX Holdco 28 (59.7%), Stefanie Pennoit (13.3%), Frederik Pennoit (13.3%), Vincent Pennoit (13.3%) and pgb-Partnership (0.5%). It owns 100% of pgb-International itself.
Directors
According to the 2025 annual accounts
Director · represented by Manu Uylenbroeck
Also active at: Dematra Group, Apollo Topco, Abts Foods Holding Belgium, Blue Holdco
since 2025
Timo Koninckx
Director
since 2025
Professional Financial Management BV
Director · represented by Frederik Pennoit
Also active at: pgb-Europe, pgb-International
since 2025
since 2025
since 2025
Director · represented by Nicolas D'heygere
Also active at: Packaging PrintCo, T&A Holding, Dematra Group, UP Certco, Geotexco, ARGONA, Abts Foods Holding Belgium, Waterland Private Equity +5 more
since 2025
Shareholders
59.7%
Stefanie Pennoit
13.3%
Frederik Pennoit
13.3%
Vincent Pennoit
13.3%
0.5%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Gontrode Heirweg 318
9090 Merelbeke-Melle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 1017.651.051
- VAT number
- BE 1017.651.051
- Registered office
- Gontrode Heirweg 318, 9090 Merelbeke-Melle
- Names & denominations
- pgb-Holding
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 December 2024
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van hoofdkantoren
Overige financiële dienstverlening, neg