PLUS TELECOM INTERNATIONAL
The computed 12-month bankruptcy probability of PLUS TELECOM INTERNATIONAL is 2.3% (moderate). The 2024 annual accounts show equity of €5k and a net result of €-22k. Equity is shrinking by ~29.6% per year across the filed fiscal years. Its solvency ranks better than 24% of 26062 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €5k |
| Net result | €-22k |
| Better than sector | 24% |
| Active | 8 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 2.3% | 32.3% | |
| Net result | €-22k | €4k | |
| Equity | €5k | €39k | |
| Gross operating margin | €52k | €31k | |
| Staff costs | €46k | €38k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-4k | €-17k | €21k | €11k | €24k |
| Net profit | €-22k | €-28k | €15k | €6k | €15k |
| Cash flow | €-9k | €-26k | €16k | €7k | €17k |
| Staff costs | €46k | €66k | €69k | €56k | - |
| Income taxes | €3k | €5k | €2k | €1k | - |
| Dividends | - | - | - | - | - |
| Total assets | €199k | €181k | €111k | €172k | €76k |
| Equity | €5k | €26k | €54k | €40k | €34k |
| Debt | €195k | €155k | €57k | €132k | €42k |
| of which ≤ 1y | €195k | €155k | €57k | €132k | €42k |
| of which > 1y | - | - | - | - | - |
| Working capital | €-39k | €17k | €43k | €27k | €21k |
| Employees (FTE) | - | - | - | - | - |
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 0.80 | 1.11 | 1.76 | 1.21 | 1.49 |
| Quick ratio | 0.07 | 0.32 | 0.25 | 0.19 | 0.25 |
| Working capital ratio | -19.5% | 9.4% | 39.1% | 16.0% | 27.1% |
| Solvency | 2.3% | 14.5% | 48.7% | 23.0% | 45.0% |
| Debt / equity | 42.12 | 5.87 | 1.05 | 3.34 | - |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | -1.58 | -4.48 | 5.41 | 4.16 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -10.9% | -15.3% | 13.1% | 3.3% | 20.3% |
| ROE | -471.0% | -105.4% | 27.0% | 14.2% | 45.2% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (22 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €199k | €181k | €111k | €172k | €76k |
| Fixed assets | 21/28 | €44k | €9k | €11k | €12k | €13k |
| Tangible fixed assets | 22/27 | €35k | €455 | €2k | €3k | €5k |
| Financial fixed assets | 28 | €9k | €9k | €9k | €9k | €9k |
| Current assets | 29/58 | €156k | €172k | €100k | €160k | €62k |
| Stocks & contracts in progress | 3 | €143k | €123k | €87k | €135k | €52k |
| Amounts receivable within one year | 40/41 | €1k | €42k | - | €4k | €3k |
| Cash & bank | 54/58 | €12k | €7k | €14k | €21k | €7k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €199k | €181k | €111k | €172k | €76k |
| Equity | 10/15 | €5k | €26k | €54k | €40k | €34k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | - |
| Accumulated profits (losses) | 14 | €-14k | €8k | €36k | €21k | €15k |
| Amounts payable | 17/49 | €195k | €155k | €57k | €132k | €42k |
| Amounts payable within one year | 42/48 | €195k | €155k | €57k | €132k | €42k |
| Trade debts payable within one year | 44 | €162k | €127k | €43k | €119k | €29k |
| Income statement | ||||||
| Gross operating margin | 9900 | €52k | €50k | €93k | €67k | €33k |
| Operating result | 9901 | €-16k | €-19k | €20k | €10k | €23k |
| Financial charges | 65 | €2k | €4k | €4k | €3k | €2k |
| Result before taxes | 9903 | €-19k | €-22k | €16k | €7k | €21k |
| Income taxes | 67/77 | €3k | €5k | €2k | €1k | - |
| Net result for the period | 9904 | €-22k | €-28k | €15k | €6k | €21k |
| Result to be appropriated | 9905 | €-22k | €-28k | €15k | €6k | €21k |
| NACE primary | Retail sale of electrical household appliances(47540) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 04-01-2018 |
| Status | Active |
| Postal code | 1000 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21810L2135/00F004 | Brussels | 339 m² | 1 · 228 m² | 29.0 m · 9 fl. |
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.
08-08-2023 All shares are now held by a single shareholder
Technical details
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}| Legal nameFR | PLUS TELECOM INTERNATIONAL |