ACTIVE

PGS MATON

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Financial year 2025 · closed on 30/09/2025

Net result

204,3 k €

-43.6% YoY

Gross margin

914,5 k €

-12.5% YoY

Equity

5,1 M €

+4.0% YoY

Workforce

6,6 ETP

-7.0% YoY

What does PGS MATON do?

PGS MATON is a Public limited company incorporated in 1986. Its registered office is in Saint-Ghislain. It employs on average 6,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.353.879

Incorporation

06/02/1986

Legal form

Public limited company

Registered office

Rue des Azalées(B) 5
7331 Saint-Ghislain · WallonieSee on map

Contributed capital

474 368,06 €

Latest accounts

30/09/2025

Average workforce

6,6 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	914,5 k €	-12.5%	1 M €		–		3,4 M €	+103%	1,7 M €	+43.1%	1,2 M €	-15.3%	1,4 M €	+17.5%	1,2 M €	-2.5%	1,2 M €		–		–		–		–		–		1 M €	+15.2%	898,8 k €	-9.8%	996 k €	+12.0%	889,1 k €	+18.2%	752,3 k €	+2.1%	736,6 k €
EBITDA	578,8 k €	-17.8%	704,5 k €	+62.8%	432,8 k €	-84.9%	2,9 M €	+122%	1,3 M €	+63.7%	787,7 k €	-12.2%	897,7 k €	+32.1%	679,7 k €	-3.3%	702,7 k €	+1.6%	691,6 k €	+8.5%	637,4 k €	+60.9%	396,2 k €	-26.5%	539,2 k €	-5.2%	568,7 k €	-5.6%	602,2 k €	+49.7%	402,2 k €	-37.4%	642,8 k €	+14.4%	562 k €	+41.8%	396,3 k €	+1.9%	388,8 k €
Operating result	285,8 k €	-29.9%	407,7 k €	+182%	144,4 k €	-94.5%	2,6 M €	+137%	1,1 M €	+94.1%	573,5 k €	-2.2%	586,6 k €	+59.5%	367,8 k €	+0.0%	367,8 k €	+6.7%	344,7 k €	+34.4%	256,4 k €	+16973%	1,5 k €	-99.1%	170 k €	-15.7%	201,6 k €	-0.9%	203,4 k €	+513%	33,2 k €	-90.7%	356 k €	+11.8%	318,5 k €	+66.3%	191,5 k €	+3.1%	185,7 k €
Net result	204,3 k €	-43.6%	362,6 k €	+348%	81 k €	-95.8%	1,9 M €	+141%	793,2 k €	+90.1%	417,3 k €	+8.1%	385,9 k €	+81.2%	212,9 k €	+9.1%	195,2 k €	+23.4%	158,1 k €	+38.6%	114,1 k €	+188%	-129 k €	-605%	25,5 k €	+32.5%	19,3 k €	-10.5%	21,5 k €	+407%	-7 k €	-104%	170 k €	-1.7%	172,9 k €	+56.1%	110,8 k €	+43.0%	77,5 k €
Balance sheet
Equity	5,1 M €	+4.0%	4,9 M €	+7.8%	4,6 M €	+1.5%	4,5 M €	+72.0%	2,6 M €	+42.2%	1,8 M €	+18.4%	1,6 M €	+15.8%	1,3 M €	+2.9%	1,3 M €	+15.7%	1,1 M €	+14.1%	989,1 k €	+99.8%	494,9 k €	-23.2%	644,2 k €	-15.5%	762,5 k €	-0.1%	763 k €	+0.1%	762,3 k €	+19.7%	637 k €	+19.6%	532,8 k €	+22.2%	436 k €	-0.4%	437,9 k €
Total assets	6,5 M €	+4.8%	6,2 M €	-4.8%	6,5 M €	-5.0%	6,9 M €	+12.1%	6,1 M €	+32.9%	4,6 M €	+11.0%	4,2 M €	-6.1%	4,4 M €	-0.3%	4,4 M €	-13.1%	5,1 M €	-5.3%	5,4 M €	-4.2%	5,6 M €	+4.0%	5,4 M €	-7.7%	5,9 M €	-11.6%	6,6 M €	-3.1%	6,9 M €	+59.9%	4,3 M €	+16.6%	3,7 M €	+13.9%	3,2 M €	+5.0%	3,1 M €
Cash	870,2 k €	+78.0%	488,9 k €	-26.0%	660,5 k €	-31.5%	964 k €	+76.6%	545,7 k €	+26.1%	432,6 k €	-0.1%	433 k €	+83.1%	236,4 k €	+62.5%	145,5 k €	+14.9%	126,7 k €	-61.7%	330,8 k €	-25.9%	446,4 k €	+301%	111,4 k €	-54.5%	244,8 k €	+90.8%	128,3 k €	-70.8%	439,6 k €	+772%	50,4 k €	-41.7%	86,5 k €	-11.5%	97,7 k €	-39.5%	161,6 k €
Debts	1,4 M €	+8.1%	1,3 M €	-34.3%	2 M €	-16.8%	2,4 M €	-32.5%	3,5 M €	+25.8%	2,8 M €	+6.7%	2,6 M €	-15.8%	3,1 M €	-1.7%	3,1 M €	-21.3%	4 M €	-9.5%	4,4 M €	-14.2%	5,1 M €	+7.6%	4,8 M €	-6.5%	5,1 M €	-13.2%	5,9 M €	-3.5%	6,1 M €	+68.8%	3,6 M €	+18.5%	3 M €	+14.0%	2,7 M €	+4.3%	2,6 M €
Other
Workforce	6,6 ETP	-7.0%	7,1 ETP	-24.5%	9,4 ETP	-16.8%	11,3 ETP	-10.3%	12,6 ETP	+35.5%	9,3 ETP	-23.8%	12,2 ETP	-12.9%	14,0 ETP	+2.2%	13,7 ETP	+3.0%	13,3 ETP	-7.6%	14,4 ETP	+4.3%	13,8 ETP	+0.7%	13,7 ETP	+5.4%	13,0 ETP	+4.0%	12,5 ETP	+1.6%	12,3 ETP	+19.4%	10,3 ETP	-9.6%	11,4 ETP	+1.8%	11,2 ETP	+3.7%	10,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 5 active · 43 ended

Active mandates

GRAUWET ROGER

Director · since 10 octobre 2025 · 0880.852.446

Represented by Roger GRAUWET

Active

FININCO SA

Director · since 10 mai 2021 · until 10 octobre 2025

Represented by Jean-Louis LOUVEL

Active

GRACO

Chairman of the board of directors · since 10 mai 2021 · until 04 mars 2027 · 0454.451.928

Represented by Luc GRAUWET

Active

Jérôme MATON

Director · since 10 mai 2021 · until 10 octobre 2025

Active

Mélanie MATON

Director · since 10 mai 2021 · until 10 octobre 2025

Active

Ended mandates

FININCO SA

Director · since 10 mai 2021 · until 04 mars 2027

Represented by Jean-Louis LOUVEL

Ended

GRACO

Director · since 10 mai 2021 · until 04 mars 2027 · 0454.451.928

Represented by Luc GRAUWET

Ended

Jérôme MATON

Director · since 10 mai 2021 · until 04 mars 2027

Ended

Mélanie MATON

Director · since 10 mai 2021 · until 04 mars 2027

Ended

At this address

Other companies at this address

Company	CBE no.
JERME● Active	0440.801.652
LOGIPAL● Active	0821.684.921

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Full model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/01/2021	01/01/2020
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	9 months	12 months
Filing date	21/04/2026	25/04/2025	02/04/2024	27/03/2023	07/04/2022	21/05/2021
General meeting	05/03/2026	28/03/2025	07/03/2024	02/03/2023	03/03/2022	10/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	05/03/2026	21/04/2026	French	PDF
Abridged model	30/09/2024	28/03/2025	25/04/2025	French	PDF
Full model	30/09/2023	07/03/2024	02/04/2024	French	PDF
Abridged model	30/09/2022	02/03/2023	27/03/2023	French	PDF
Abridged model	30/09/2021	03/03/2022	07/04/2022	French	PDF
Abridged model	31/12/2020	10/05/2021	21/05/2021	French	PDF
Abridged model	31/12/2019	04/06/2020	27/07/2020	French	PDF
Abridged model	31/12/2018	06/06/2019	23/07/2019	French	PDF
Abridged model	31/12/2017	07/06/2018	26/06/2018	French	PDF
Full model	31/12/2016	01/06/2017	05/07/2017	French	PDF
Full model	31/12/2015	02/06/2016	13/07/2016	French	PDF
Full model	31/12/2014	04/06/2015	30/06/2015	French	PDF
Full model	31/12/2013	05/06/2014	19/06/2014	French	PDF
Full model	31/12/2012	06/06/2013	21/08/2013	French	PDF
Abridged model	31/12/2011	07/06/2012	06/07/2012	French	PDF
Abridged model	31/12/2010	03/06/2011	20/07/2011	French	PDF
Abridged model	31/12/2009	03/06/2010	30/06/2010	French	PDF
Abridged model	31/12/2008	04/06/2009	14/07/2009	French	PDF
Abridged model	31/12/2007	05/06/2008	11/07/2008	French	PDF
Abridged model	31/12/2006	07/06/2007	23/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 5 active · 43 ended

Active mandates

GRAUWET ROGER

Director · since 10 octobre 2025 · 0880.852.446

Represented by Roger GRAUWET

Active

FININCO SA

Director · since 10 mai 2021 · until 10 octobre 2025

Represented by Jean-Louis LOUVEL

Active

GRACO

Chairman of the board of directors · since 10 mai 2021 · until 04 mars 2027 · 0454.451.928

Represented by Luc GRAUWET

Active

Jérôme MATON

Director · since 10 mai 2021 · until 10 octobre 2025

Active

Mélanie MATON

Director · since 10 mai 2021 · until 10 octobre 2025

Active

Ended mandates

FININCO SA

Director · since 10 mai 2021 · until 04 mars 2027

Represented by Jean-Louis LOUVEL

Ended

GRACO

Director · since 10 mai 2021 · until 04 mars 2027 · 0454.451.928

Represented by Luc GRAUWET

Ended

Jérôme MATON

Director · since 10 mai 2021 · until 04 mars 2027

Ended

Mélanie MATON

Director · since 10 mai 2021 · until 04 mars 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates22/04/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates22/09/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - COMPTES ANNUELS - DENOMINATION - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates19/07/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates14/11/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates20/01/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates25/01/2016
DENOMINATION - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Capital / shares25/01/2016
CAPITAL, ACTIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025204,3 k €↓
2024
Annual accounts 2024362,6 k €↑
2023
Annual accounts 202381 k €↓
2022
Annual accounts 20221,9 M €↑
2021
Annual accounts 2021793,2 k €↑
2020
Annual accounts 2020417,3 k €↑
2019
Annual accounts 2019385,9 k €↑
2018
Annual accounts 2018212,9 k €↑
2017
Annual accounts 2017195,2 k €↑
2016
Annual accounts 2016158,1 k €↑
2015
Annual accounts 2015114,1 k €↑
2014
Annual accounts 2014-129 k €↓
2013
Annual accounts 201325,5 k €↑
2012
Annual accounts 201219,3 k €↓
2011
Annual accounts 201121,5 k €↑
2010
Annual accounts 2010-7 k €↓
2009
Annual accounts 2009170 k €↓
2008
Annual accounts 2008172,9 k €↑
2007
Annual accounts 2007110,8 k €↑
2006
Annual accounts 200677,5 k €
06/02/1986
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

PGS MATON

Overview

What does PGS MATON do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline