ACTIVE

PGS SPECIAL PACKAGING

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Financial year 2025 · closed on 30/09/2025
Net result
165,8 k €
+214.3% YoY
Gross margin
209,6 k €
Equity
307,5 k €
+116.9% YoY
Workforce
0,0 ETP
-100.0% YoY

What does PGS SPECIAL PACKAGING do?

PGS SPECIAL PACKAGING is a Private limited company incorporated in 1988. Its main activity is: Manufacture of products of wood, cork, straw and plaiting materials. Its registered office is in Gistel.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0435.941.853
Incorporation
05/12/1988
Legal form
Private limited company
Registered office
Torhoutse Baan 5 box 2
8470 Gistel · FlandreSee on map
Contributed capital
6 197,33 €
Latest accounts
30/09/2025
Average workforce
0,0 ETP
Activities (NACE)
16281Manufacture of products of wood, cork, straw and plaiting materials· main16291Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials20510Manufacture of explosives
Joint committees (3)
  • 126
  • 200
  • 218
Signals
ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin209,6 k €––471,2 k €344,8 k €202,5 k €218,3 k €137,3 k €63,8 k €34 k €-2 k €44,2 k €42,7 k €85,5 k €74,1 k €57,9 k €74 k €84,7 k €130,1 k €292,4 k €
EBITDA208 k €-138,7 k €79,7 k €323,6 k €151,7 k €22,3 k €14,9 k €11 k €-24,7 k €-50,9 k €-31,9 k €23,5 k €29,3 k €73,9 k €42,8 k €8,5 k €54,2 k €64 k €110,7 k €246,1 k €
Operating result157 k €-145,8 k €66,6 k €308,1 k €134,7 k €14,9 k €3,7 k €3,8 k €-31 k €-59,7 k €-41 k €17,9 k €23,7 k €68,8 k €40,4 k €6 k €50,4 k €60,7 k €85,9 k €234,9 k €
Net result165,8 k €-145,1 k €49,7 k €232,2 k €128,7 k €13 k €2,1 k €328,2 €-31,2 k €-59,9 k €-40,5 k €12,9 k €16,8 k €65,3 k €37,5 k €1,9 k €48,6 k €58,9 k €66,4 k €186,5 k €
Balance sheet
Equity307,5 k €141,8 k €286,8 k €237,8 k €5,5 k €-123,2 k €-136,2 k €-138,3 k €-138,6 k €-107,5 k €-47,5 k €-7 k €-20 k €-36,8 k €-102 k €-139,6 k €-141,5 k €-190,1 k €-249 k €-315,3 k €
Total assets1,5 M €191,1 k €383,8 k €559,3 k €309,9 k €150,1 k €213,2 k €210,7 k €166,4 k €143,3 k €121,2 k €203,8 k €128,8 k €98,7 k €102,3 k €127,5 k €117,6 k €87,9 k €102,1 k €149 k €
Cash84,6 k €14,4 k €94,8 k €182,1 k €105,8 k €3,8 k €17,3 k €6,1 k €5,2 k €710,4 €3,9 k €2,3 k €31,1 k €25,3 k €20,9 k €10,4 k €10 k €7,9 k €33,6 k €13,9 k €
Debts1,2 M €49,3 k €95,8 k €320,7 k €303,9 k €272,3 k €348,9 k €348 k €304,6 k €249 k €167,6 k €209,6 k €147,6 k €134,2 k €203,1 k €265,9 k €257,8 k €276,5 k €348,6 k €460,4 k €
Other
Workforce0,0 ETP2,4 ETP1,9 ETP2,6 ETP3,4 ETP3,3 ETP4,0 ETP–––0,6 ETP0,3 ETP0,3 ETP0,3 ETP0,9 ETP1,3 ETP0,6 ETP0,3 ETP0,3 ETP1,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 7 ended

Active mandates

GRACO

Director · since 27 septembre 2023 · 0454.451.928

Represented by Luc GRAUWET

Active
GRAUWET ROGER

Director · since 27 septembre 2023 · 0880.852.446

Represented by Roger Grauwet

Active

Ended mandates

GRACO

Director · since 27 septembre 2023 · 0454.451.928

Represented by Luc Marcel Aloïs Grauwet

Ended
Hendrik Kornet

Director · since 01 mai 2020

Ended
Hendrik Kornet

Director · since 01 mai 2019 · until 27 septembre 2023

Ended
Hendrik Kornet

Director · since 01 mai 2019

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelFull modelFull modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/01/202301/01/202201/01/202101/01/2020
Closing of the financial year30/09/202530/09/202430/09/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months9 months12 months12 months12 months
Filing date02/04/202628/03/202519/12/202324/04/202307/06/202230/08/2021
General meeting27/02/202628/02/202508/12/202313/03/202309/05/202226/07/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202527/02/202602/04/2026DutchPDF
Full model30/09/202428/02/202528/03/2025DutchPDF
Full model30/09/202308/12/202319/12/2023DutchPDF
Abridged model31/12/202213/03/202324/04/2023DutchPDF
Abridged model31/12/202109/05/202207/06/2022DutchPDF
Abridged model31/12/202026/07/202130/08/2021DutchPDF
Abridged model31/12/201922/06/202014/07/2020DutchPDF
Micro model31/12/201813/05/201911/07/2019DutchPDF
Micro model31/12/201728/08/201830/08/2018DutchPDF
Micro model31/12/201630/06/201728/07/2017DutchPDF
Abridged model31/12/201523/08/201625/08/2016DutchPDF
Abridged model31/12/201411/05/201510/06/2015DutchPDF
Abridged model31/12/201320/08/201421/08/2014DutchPDF
Abridged model31/12/201213/05/201313/06/2013DutchPDF
Abridged model31/12/201130/06/201231/07/2012DutchPDF
Abridged model31/12/201020/06/201108/07/2011DutchPDF
Abridged model31/12/200916/06/201014/07/2010DutchPDF
Abridged model31/12/200811/05/200910/06/2009DutchPDF
Abridged model31/12/200712/05/200809/06/2008DutchPDF
Abridged model31/12/200614/05/200723/05/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 2 active · 7 ended

Active mandates

GRACO

Director · since 27 septembre 2023 · 0454.451.928

Represented by Luc GRAUWET

Active
GRAUWET ROGER

Director · since 27 septembre 2023 · 0880.852.446

Represented by Roger Grauwet

Active

Ended mandates

GRACO

Director · since 27 septembre 2023 · 0454.451.928

Represented by Luc Marcel Aloïs Grauwet

Ended
Hendrik Kornet

Director · since 01 mai 2020

Ended
Hendrik Kornet

Director · since 01 mai 2019 · until 27 septembre 2023

Ended
Hendrik Kornet

Director · since 01 mai 2019

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other14/11/2024
    BENAMING - DIVERSEN - DOEL
    PDF
  • Mandates02/10/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates24/07/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office30/09/2015
    MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office11/10/2005
    MAATSCHAPPELIJKE ZETEL
    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

Timeline

  1. 2025
    Annual accounts 2025165,8 k €↑
  2. 2024
    Annual accounts 2024-145,1 k €↓
  3. 2024
    Name changePGS Special Packaging
  4. 2023
    Annual accounts 202349,7 k €↓
  5. 2023
    Name changePGS Pallethandel Eelen
  6. 2022
    Annual accounts 2022232,2 k €↑
  7. 2021
    Annual accounts 2021128,7 k €↑
  8. 2021
    Name changePALETTENHANDEL EELEN
  9. 2020
    Annual accounts 202013 k €↑
  10. 2019
    Annual accounts 20192,1 k €↑
  11. 2018
    Annual accounts 2018328,2 €↑
  12. 2017
    Annual accounts 2017-31,2 k €↑
  13. 2016
    Annual accounts 2016-59,9 k €↓
  14. 2015
    Annual accounts 2015-40,5 k €↓
  15. 2014
    Annual accounts 201412,9 k €↓
  16. 2013
    Annual accounts 201316,8 k €↓
  17. 2012
    Annual accounts 201265,3 k €↑
  18. 2011
    Annual accounts 201137,5 k €↑
  19. 2010
    Annual accounts 20101,9 k €↓
  20. 2009
    Annual accounts 200948,6 k €↓
  21. 2008
    Annual accounts 200858,9 k €↓
  22. 2007
    Annual accounts 200766,4 k €↓
  23. 2006
    Annual accounts 2006186,5 k €
  24. 05/12/1988
    IncorporationPrivate limited company