ACTIVE

PGS Rec Belgium

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Financial year 2025 · Closed on 30/09/2025

Net result395 k €+103,4 %over 1 year
Gross margin2,3 M €+21,2 %over 1 year
Equity1,6 M €+33,4 %over 1 year
Workforce30,5 ETP-3,2 %over 1 year

Identity

Source · BCE/KBO

PGS Rec Belgium is a Private limited company incorporated in 2021. Its main activity is: Manufacture of wooden containers. Its registered office is in Gistel. It employs on average 30,5 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0760.987.368
Incorporation
07/01/2021
Legal form
Private limited company
Registered office
Torhoutse Baan 5 box .02
8470 Gistel · FlandreSee on map
Contributed capital
250 000,00 €
Latest accounts
30/09/2025
Average workforce
30,5 ETP
Joint committees (2)
  • 126
  • 200
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 4 filings

Trend over 4 financial years

2025202420232022
Income statement
Gross margin2,3 M €1,9 M €1,8 M €3,6 M €
EBITDA534,5 k €283,2 k €129 k €1 M €
Operating result521 k €268,3 k €115,8 k €1 M €
Net result395 k €194,3 k €77,5 k €759,7 k €
Balance sheet
Equity1,6 M €1,2 M €990,1 k €941,7 k €
Total assets2,5 M €1,7 M €1,6 M €1,8 M €
Cash32,8 k €45,2 k €445,7 k €75,4 k €
Debts866,2 k €461,8 k €609,3 k €857,3 k €
Other
Workforce30,5 ETP31,5 ETP34,1 ETP36,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

4 active · 3 ended

Active mandates

Edfanzac SAS

Director · since 30 juin 2022

Represented by Michaël Modugno

Active
Jadal SAS

Director · since 30 juin 2022

Represented by Jean-Louis LOUVEL

Active
GRACO

Director · since 10 mai 2021 · 0454.451.928

Represented by Luc GRAUWET

Active
GRAUWET ROGER

Director · since 10 mai 2021 · 0880.852.446

Represented by Roger Grauwet

Active

Ended mandates

Edfanzac SAS

Director · since 30 juin 2022 · 0787.873.194

Represented by Michaël MODUGNO

Ended
Jadal SAS

Director · since 30 juin 2022 · 0787.873.590

Represented by Jean-Louis LOUVEL

Ended
GRACO

Director · since 10 mai 2021 · 0454.451.928

Represented by Luc GRAUWET

Ended

Other companies at this address

Torhoutse Baan 5 8470 Gistel
CompanyCBE no.
ALTERVAL BENELUX● Active
0765.999.694
Finimmo 8970● Active
0837.588.961
FINIMMO 9600● Active
0400.268.520
Finimmo Belgium● Active
0887.170.908
FININVEST BELGIUM● Active
0791.321.545
Get It Done● Active
0778.670.864
Green Nature Energy● Active
0762.635.972
JL Aviation● Active
0782.213.542
Nails Of Flanders● Active
0726.886.029
NoTech Belgium● Active
0763.679.911
PGS AJR Packaging● Active
0772.342.803
PGS België● Active
0643.972.310
PGS De Backer Pallets● Active
0426.292.630
PGS Demey● Active
0775.376.131
PGS RDB Pallets● Active
0561.777.676
PGS RECON● Active
0737.333.523
PGS REVERSE EUROPE● Active
0886.855.261
PGS RODANAR PALLETS● Active
0420.380.380
PGS SPECIAL PACKAGING● Active
0435.941.853
SUSTAINABLE PALLET ASSOCIATION● Active
1009.455.541

Full financial information

Source · NBB
2025202420232022
Type of accountAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202207/01/2021
Closing of the financial year30/09/202530/09/202430/09/202330/09/2022
Length of the financial year12 months12 months12 months21 months
Filing date02/04/202628/03/202525/03/202405/04/2023
General meeting27/02/202628/02/202523/02/202417/03/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 4 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202527/02/202602/04/2026DutchPDF
Abridged model30/09/202428/02/202528/03/2025DutchPDF
Abridged model30/09/202323/02/202425/03/2024DutchPDF
Abridged model30/09/202217/03/202305/04/2023DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Board of directors

Source · NBB, accounts to 30/09/2025

4 active · 3 ended

Active mandates

Edfanzac SAS

Director · since 30 juin 2022

Represented by Michaël Modugno

Active
Jadal SAS

Director · since 30 juin 2022

Represented by Jean-Louis LOUVEL

Active
GRACO

Director · since 10 mai 2021 · 0454.451.928

Represented by Luc GRAUWET

Active
GRAUWET ROGER

Director · since 10 mai 2021 · 0880.852.446

Represented by Roger Grauwet

Active

Ended mandates

Edfanzac SAS

Director · since 30 juin 2022 · 0787.873.194

Represented by Michaël MODUGNO

Ended
Jadal SAS

Director · since 30 juin 2022 · 0787.873.590

Represented by Jean-Louis LOUVEL

Ended
GRACO

Director · since 10 mai 2021 · 0454.451.928

Represented by Luc GRAUWET

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates05/12/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office23/02/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates25/10/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/05/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other11/01/2021
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

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 2025395 k €↑
  2. 2024
    Annual accounts 2024194,3 k €↑
  3. 2023
    Annual accounts 202377,5 k €↓
  4. 2022
    Annual accounts 2022759,7 k €
  5. 07/01/2021
    IncorporationPrivate limited company