ACTIVE

PRG PROJECTS

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Financial year 2025 · closed on 31/12/2025

Net result

-4,7 M €

-278.3% YoY

Gross margin

453,6 k €

-33.0% YoY

Equity

32,9 M €

-12.6% YoY

Workforce

15,3 ETP

+21.4% YoY

What does PRG PROJECTS do?

PRG PROJECTS is a Public limited company incorporated in 1997. Its main activity is: Architectural and engineering activities; technical testing and analysis. Its registered office is in Oostende. It employs on average 15,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.106.218

Incorporation

15/12/1997

Legal form

Public limited company

Registered office

John Cordierlaan 11
8400 Oostende · FlandreSee on map

Contributed capital

25 596 897,50 €

Latest accounts

31/12/2025

Average workforce

15,3 ETP

Activities (NACE)

71403Architectural and engineering activities; technical testing and analysis· main 90023Support activities to performing arts 90393Creative, arts and entertainment activities 64200Activities of holding companies 64210Activities of holding companies 77222Rental of video tapes and disks+1

Joint committees (4)

100
14901
218
227

Signals

Solid equityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	453,6 k €	-33.0%	677 k €	-73.4%	2,5 M €	-59.1%	6,2 M €	+1618%	-409,5 k €		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-991,8 k €	-55.7%	-636,9 k €	-146%	1,4 M €	-73.5%	5,2 M €	+608%	-1 M €	+26.6%	-1,4 M €	-27.6%	-1,1 M €	-277%	-291,7 k €	-128%	1 M €	-77.6%	4,6 M €	-17.6%	5,6 M €	-3.2%	5,7 M €	+16.3%	4,9 M €	-36.6%	7,8 M €	+19.8%	6,5 M €	-13.8%	7,6 M €	+12.3%	6,7 M €	+157%	2,6 M €
Operating result	-2,1 M €	-89.1%	-1,1 M €	-234%	819,2 k €	-83.3%	4,9 M €	+527%	-1,1 M €	+26.4%	-1,6 M €	-13.9%	-1,4 M €	+19.8%	-1,7 M €	-182%	-606,6 k €	+51.7%	-1,3 M €	-294%	646,9 k €	+106%	313,6 k €	+122%	-1,4 M €	-48.7%	-958,3 k €	+37.7%	-1,5 M €	-164%	2,4 M €	-31.7%	3,5 M €	+241%	1 M €
Net result	-4,7 M €	-278%	2,6 M €	+165%	1 M €	-87.8%	8,2 M €	+276%	2,2 M €	+171%	-3,1 M €	-537%	703 k €	+154%	-1,3 M €	+19.3%	-1,6 M €	-163%	2,6 M €	+325%	-1,1 M €	-449%	326 k €	+111%	-3 M €	-2.1%	-2,9 M €	+7.3%	-3,2 M €	-1957%	171 k €	-89.1%	1,6 M €	+351%	349,7 k €
Balance sheet
Equity	32,9 M €	-12.6%	37,6 M €	+7.6%	34,9 M €	+2.9%	33,9 M €	+32.0%	25,7 M €	+9.3%	23,5 M €	-11.5%	26,6 M €	+9.8%	24,2 M €	-5.1%	25,5 M €	+24.5%	20,5 M €	+14.9%	17,9 M €	+100%	8,9 M €	+3.8%	8,6 M €	+569%	1,3 M €	-60.4%	3,2 M €	-49.4%	6,4 M €	+2.7%	6,3 M €	+33.7%	4,7 M €
Total assets	72,8 M €	-1.6%	74 M €	+6.2%	69,7 M €	+1.3%	68,8 M €	-2.9%	70,9 M €	+20.2%	59 M €	-3.9%	61,4 M €	+14.0%	53,8 M €	+7.3%	50,2 M €	+43.2%	35 M €	+11.9%	31,3 M €	-7.1%	33,7 M €	-13.9%	39,1 M €	+2.0%	38,4 M €	-4.3%	40,1 M €	+10.5%	36,3 M €	+14.2%	31,7 M €	+27.1%	25 M €
Cash	227,8 k €	+19.1%	191,2 k €	-73.1%	709,8 k €	+35.8%	522,5 k €	-84.0%	3,3 M €	+3719%	85,3 k €	-74.9%	340,2 k €	+205%	111,4 k €	+7.2%	104 k €	-76.9%	450,6 k €	+184%	158,7 k €	+161%	60,7 k €	-99.2%	7,3 M €	+624%	1 M €	+514%	163,7 k €	-29.1%	230,7 k €	+26.7%	182,2 k €	+364%	39,2 k €
Debts	35,5 M €	+6.1%	33,4 M €	+4.7%	31,9 M €	+2.0%	31,3 M €	-7.2%	33,7 M €	-0.9%	34 M €	+1.1%	33,7 M €	+17.0%	28,8 M €	+19.9%	24 M €	+70.8%	14 M €	+4.5%	13,4 M €	-45.7%	24,7 M €	-18.9%	30,5 M €	-17.7%	37,1 M €	+2.1%	36,3 M €	+23.4%	29,4 M €	+19.4%	24,6 M €	+25.0%	19,7 M €
Other
Workforce	15,3 ETP	+21.4%	12,6 ETP	+0.8%	12,5 ETP	+10.6%	11,3 ETP	-8.9%	12,4 ETP	-15.1%	14,6 ETP	-6.4%	15,6 ETP	+17.3%	13,3 ETP	-9.5%	14,7 ETP	-57.9%	34,9 ETP	+5.1%	33,2 ETP	+0.3%	33,1 ETP	+4.1%	31,8 ETP	+5.3%	30,2 ETP	-10.9%	33,9 ETP	+15.7%	29,3 ETP	+27.4%	23,0 ETP	+93.3%	11,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 37 ended

Active mandates

Frederic Opsomer

Director · since 31 octobre 2022 · until 31 octobre 2028

Active

Gary Boyd

Director · since 31 mai 2022 · until 31 mai 2028

Active

Ended mandates

Gary Boyd Gary

Director · since 31 mai 2022 · until 31 mai 2028

Ended

Gary Glen Boyd

bestuurder · since 31 mai 2022 · until 31 mai 2024

Ended

Gary Glen Boyd

Director · since 31 mai 2022 · until 31 mai 2028

Ended

Scott Hansen

bestuurder · since 31 mai 2022 · until 03 août 2023

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/07/2026	27/11/2025	17/09/2024	31/10/2023	25/11/2022	31/12/2021
General meeting	30/06/2026	26/11/2025	30/08/2024	30/10/2023	28/10/2022	23/12/2021
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

31 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	01/07/2026	Dutch	PDF
Abridged model	31/12/2024	26/11/2025	27/11/2025	Dutch	PDF
Abridged model	31/12/2023	30/08/2024	17/09/2024	Dutch	PDF
Abridged modelCorrection	31/12/2022	30/10/2023	31/10/2023	Dutch	PDF
Abridged model	31/12/2022	28/08/2023	06/09/2023	Dutch	PDF
Abridged model	31/12/2021	28/10/2022	25/11/2022	Dutch	PDF
Full model	31/12/2020	23/12/2021	31/12/2021	Dutch	PDF
Full model	31/12/2019	27/11/2020	30/11/2020	Dutch	PDF
Full model	31/12/2018	23/08/2019	30/08/2019	Dutch	PDF
Full model	31/12/2017	25/09/2018	23/10/2018	Dutch	PDF
Full model	31/12/2016	13/10/2017	30/10/2017	Dutch	PDF
Full model	31/12/2015	31/08/2016	31/08/2016	Dutch	PDF
Consolidated accounts	31/12/2015	31/08/2016	13/12/2016	Dutch	PDF
Full model	31/10/2014	02/04/2015	21/04/2015	Dutch	PDF
Consolidated accounts	31/10/2014	02/04/2015	09/09/2015	Dutch	PDF
Full model	31/10/2013	03/04/2014	06/05/2014	Dutch	PDF
Consolidated accounts	31/10/2013	03/04/2014	28/05/2014	Dutch	PDF
Full model	31/10/2012	02/04/2013	22/04/2013	Dutch	PDF
Consolidated accounts	31/10/2012	02/04/2013	30/09/2013	Dutch	PDF
Full model	31/10/2011	26/04/2012	25/05/2012	Dutch	PDF
Consolidated accounts	31/10/2011	26/04/2012	29/05/2012	Dutch	PDF
Full model	31/10/2010	04/07/2011	07/07/2011	Dutch	PDF
Consolidated accounts	31/10/2010	04/07/2011	08/07/2011	Dutch	PDF
Full model	31/10/2009	14/07/2010	29/07/2010	Dutch	PDF

View all 31 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 31/12/2025 · 2 active · 37 ended

Active mandates

Frederic Opsomer

Director · since 31 octobre 2022 · until 31 octobre 2028

Active

Gary Boyd

Director · since 31 mai 2022 · until 31 mai 2028

Active

Ended mandates

Gary Boyd Gary

Director · since 31 mai 2022 · until 31 mai 2028

Ended

Gary Glen Boyd

bestuurder · since 31 mai 2022 · until 31 mai 2024

Ended

Gary Glen Boyd

Director · since 31 mai 2022 · until 31 mai 2028

Ended

Scott Hansen

bestuurder · since 31 mai 2022 · until 03 août 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring27/02/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates28/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring25/11/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates25/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Other27/01/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025-4,7 M €↓
26/11/2025
reconductionGrant Thornton Bedrijfsrevisoren BV — commissaris
26/11/2025
nominationElie Janssens — vaste vertegenwoordiger
2024
Annual accounts 20242,6 M €↑
2023
Annual accounts 20231 M €↓
01/01/2023
split
2022
Annual accounts 20228,2 M €↑
31/10/2022
nominationElie Janssens — vaste vertegenwoordiger van de commissaris
31/10/2022
nominationFrederic Opsomer — bestuurder
31/05/2022
reconductionScott Hansen — bestuurder
31/05/2022
reconductionGary Boyd — bestuurder
2021
Annual accounts 20212,2 M €↑
2020
Annual accounts 2020-3,1 M €↓
2019
Annual accounts 2019703 k €↑
2018
Annual accounts 2018-1,3 M €↑
2017
Annual accounts 2017-1,6 M €↓
2014
Annual accounts 20142,6 M €↑
2013
Annual accounts 2013-1,1 M €↓
2012
Annual accounts 2012326 k €↑
2011
Annual accounts 2011-3 M €↓
2010
Annual accounts 2010-2,9 M €↑
2009
Annual accounts 2009-3,2 M €↓
2008
Annual accounts 2008171 k €↓
2007
Annual accounts 20071,6 M €↑
2006
Annual accounts 2006349,7 k €
15/12/1997
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

PRG PROJECTS

Overview

What does PRG PROJECTS do?

Trend over 18 financial years

Indicative valuation

Board of directors

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