Checked.be
Active
BE 0897.590.983Private limited company
DE PLUS G & V
Brakelsesteenweg 216 ·9406 Ninove, Belgium· 18 yrs active
Sector: Retail sale of flowers, plants, seeds and fertilisers
(47761)
Conclusion
DE PLUS G & V has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €994k and a net result of €127k. Equity is shrinking by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 76% of 9575 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €994k |
| Net result | €127k |
| Staff (FTE) | 4.6 |
| Better than sector | 76% |
Financial profile
84
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
64
Solvency
99
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2008, 18 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
100
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€100k
estimate, not credit advice
Score history
81
2022
68
2023
100
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.68 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.64 (≥ 1.0)
+5
Leverage
Debt/equity 0.58 (< 1.0)
+10
Profitability
ROE 13% (≥ 10%)
+10
Interest coverage
Interest coverage 18.8× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 23-07-2025 with the NBB · fiscal year 2024 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~8.5%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 63.4% | 38.6% | |
| Net result | €127k | €44k | |
| Equity | €994k | €332k | |
| Gross operating margin | €556k | €266k | |
| Staff costs | €228k | €166k |
€310k
+31.0%
22-24
€127k
+97.3%
22-24
€247k
+32.6%
22-24
€1.57M
-13.2%
22-24
€994k
+1.4%
22-24
€659k
+278.1%
22-24
5
-13.2%
22-24
€228k
+1.3%
22-24
€59k
+132.6%
22-24
€114k
-45.8%
22-24
€575k
-30.5%
22-24
€392k
-36.9%
22-24
€183k
-11.1%
22-24
2.68
+109.5%
22-24
1.64
+216.6%
22-24
63.4%
+16.8%
22-24
0.58
-31.4%
22-24
12.8%
+94.7%
22-24
8.1%
+127.3%
22-24
18.85
+118.8%
22-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - |
| EBITDA | €310k | €237k | €221k |
| Net profit | €127k | €64k | €98k |
| Cash flow | €247k | €187k | €191k |
| Staff costs | €228k | €225k | €197k |
| Income taxes | €59k | €25k | €25k |
| Dividends | €114k | €210k | €0 |
| Total assets | €1.57M | €1.81M | €1.93M |
| Equity | €994k | €981k | €1.16M |
| Debt | €575k | €827k | €763k |
| of which ≤ 1y | €392k | €621k | €535k |
| of which > 1y | €183k | €206k | €229k |
| Working capital | €659k | €174k | €450k |
| Employees (FTE) | 4.6 | 5.3 | 5.2 |
Ratios (computed)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 2.68 | 1.28 | 1.84 |
| Quick ratio | 1.64 | 0.52 | 0.84 |
| Working capital ratio | 42.0% | 9.6% | 23.4% |
| Solvency | 63.4% | 54.3% | 60.4% |
| Debt / equity | 0.58 | 0.84 | 0.66 |
| Long-term debt ratio | 0.18 | 0.21 | 0.20 |
| Interest coverage | 18.85 | 8.62 | 23.57 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 8.1% | 3.6% | 5.1% |
| ROE | 12.8% | 6.6% | 8.4% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2024
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €1.57M | €1.81M | €1.93M |
| Fixed assets | 21/28 | €519k | €1.01M | €941k |
| Tangible fixed assets | 22/27 | €518k | €632k | €560k |
| Financial fixed assets | 28 | €528 | €381k | €381k |
| Current assets | 29/58 | €1.05M | €795k | €985k |
| Stocks & contracts in progress | 3 | €410k | €474k | €533k |
| Amounts receivable within one year | 40/41 | €22k | €92k | €20k |
| Investments | 50/53 | €318k | €100k | - |
| Cash & bank | 54/58 | €293k | €123k | €431k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.57M | €1.81M | €1.93M |
| Equity | 10/15 | €994k | €981k | €1.16M |
| Contributions / capital | 10/11 | €6k | €6k | €6k |
| Reserves | 13 | €988k | €975k | €1.16M |
| Accumulated profits (losses) | 14 | €0 | €0 | €0 |
| Amounts payable | 17/49 | €575k | €827k | €763k |
| Amounts payable after one year | 17 | €183k | €206k | €229k |
| Amounts payable within one year | 42/48 | €392k | €621k | €535k |
| Trade debts payable within one year | 44 | €254k | €303k | €372k |
| Income statement | ||||
| Gross operating margin | 9900 | €556k | €490k | €434k |
| Operating result | 9901 | €190k | €115k | €128k |
| Financial income | 75 | €12k | €2k | €4k |
| Financial charges | 65 | €16k | €27k | €9k |
| Result before taxes | 9903 | €186k | €90k | €122k |
| Income taxes | 67/77 | €59k | €25k | €25k |
| Net result for the period | 9904 | €127k | €64k | €98k |
| Result to be appropriated | 9905 | €127k | €64k | €98k |
Legal Structure
| NACE primary | Retail sale of flowers, plants, seeds and fertilisers(47761) |
| Legal form | Private limited company(610) |
| Incorporation | 28-04-2008 |
| Status | Active |
| Postal code | 9406 |
Establishment units
AVEVE TUINCENTRUM
since 20082.171.000.649
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41055B0841/00W000 | Flanders | 8,297 m² | 1 · 2,362 m² | 10.0 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2022net €127k ▲97.3%
Operating result €190k, net result €127k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.68
Current ratio from 1.28 to 2.68; short-term debt falls from €621k to €392k.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €64k ▼34%
Net result drops to €64k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Retail sale of flowers, plants, seeds and fertilisers47761
Names & trade names
| Legal nameNL | DE PLUS G & V |
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