ACTIVE

PGS RECON

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Financial year 2025 · closed on 30/09/2025
Net result
-2,4 k €
+96.9% YoY
Gross margin
694,9 k €
+291.1% YoY
Equity
208,9 k €
+654.0% YoY
Workforce
9,4 ETP
+213.3% YoY

What does PGS RECON do?

PGS RECON is a Private limited company incorporated in 2019. Its main activity is: Manufacture of wooden containers. Its registered office is in Gistel. It employs on average 9,4 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0737.333.523
Incorporation
31/10/2019
Legal form
Private limited company
Registered office
Torhoutse Baan 5 box 2
8470 Gistel · FlandreSee on map
Contributed capital
250 000,00 €
Latest accounts
30/09/2025
Average workforce
9,4 ETP
Activities (NACE)
16240Manufacture of wooden containers· main16240Manufacture of wooden containers33190Repair of other equipment33190Repair of other equipment38210Treatment and disposal of non-hazardous waste38329Recovery of sorted materials+4
Joint committees (2)
  • 126
  • 200
Signals
Positive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212020
Income statement
Gross margin694,9 k €177,7 k €219,7 k €647,6 k €531,5 k €545,4 k €
EBITDA58,7 k €-14,7 k €31,3 k €87,2 k €120,4 k €-44,5 k €
Operating result11,4 k €-65,8 k €3,2 k €49,6 k €83 k €-77,5 k €
Net result-2,4 k €-76,9 k €2 k €37,1 k €78,9 k €-79 k €
Balance sheet
Equity208,9 k €-37,7 k €39,2 k €38,1 k €928,2 €-78 k €
Total assets878,9 k €661 k €301,5 k €341,1 k €328,5 k €378,4 k €
Cash77,9 k €25,7 k €27,6 k €13,1 k €39,8 k €10,7 k €
Debts653,4 k €698,5 k €258,1 k €269,3 k €323,8 k €402,2 k €
Other
Workforce9,4 ETP3,0 ETP3,0 ETP3,8 ETP3,7 ETP3,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 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 28 septembre 2023 · 0454.451.928

Represented by Luc GRAUWET

Ended
GRACO

Director · since 28 septembre 2023 · 0454.451.928

Represented by Luc GRAUWET

Ended
GRAUWET ROGER

Director · since 28 septembre 2023 · 0880.852.446

Represented by Roger GRAUWET

Ended
GRAUWET ROGER

Director · since 28 septembre 2023 · 0880.852.446

Represented by Roger GRAUWET

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/01/202301/01/202201/01/202101/10/2019
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 months15 months
Filing date02/04/202628/03/202513/02/202402/05/202305/07/202224/06/2021
General meeting27/02/202628/02/202531/01/202415/04/202318/06/202219/06/2021
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

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202527/02/202602/04/2026DutchPDF
Abridged model30/09/202428/02/202528/03/2025DutchPDF
Abridged model30/09/202331/01/202413/02/2024DutchPDF
Abridged model31/12/202215/04/202302/05/2023DutchPDF
Abridged model31/12/202118/06/202205/07/2022DutchPDF
Abridged model31/12/202019/06/202124/06/2021DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 28 septembre 2023 · 0454.451.928

Represented by Luc GRAUWET

Ended
GRACO

Director · since 28 septembre 2023 · 0454.451.928

Represented by Luc GRAUWET

Ended
GRAUWET ROGER

Director · since 28 septembre 2023 · 0880.852.446

Represented by Roger GRAUWET

Ended
GRAUWET ROGER

Director · since 28 septembre 2023 · 0880.852.446

Represented by Roger GRAUWET

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares02/10/2025
    DIVERSEN - KAPITAAL - AANDELEN
    PDF
  • Mandates03/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/10/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - MAATSCHAPPELIJKE ZETEL - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Other05/11/2019
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 2025-2,4 k €↑
  2. 2024
    Annual accounts 2024-76,9 k €↓
  3. 2023
    Annual accounts 20232 k €↓
  4. 2023
    Name changePGS RECON
  5. 2022
    Annual accounts 202237,1 k €↓
  6. 2021
    Annual accounts 202178,9 k €↑
  7. 2021
    Name changeDen Doelder Recon
  8. 2020
    Annual accounts 2020-79 k €
  9. 31/10/2019
    IncorporationPrivate limited company