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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
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Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of PLUS-U is 2.7% (moderate). The 2024 annual accounts show negative equity (€-214k) and a net result of €-214k. Its solvency ranks better than 11% of 1225 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 2 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.7%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Annual accounts: weaker financial profile
+Higher-failure-rate sector
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 10 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 30-09-2025 | 61 d late | 2025-00523388 |
| 31-12-2023 | 31-07-2024 | 28-01-2025 | 181 d late | 2025-00013139 |
| 31-12-2022 | 31-07-2023 | 29-08-2023 | 29 d late | 2023-00371696 |
| 31-12-2021 | 31-07-2022 | 21-09-2022 | 52 d late | 2022-20432521 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
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 administrative flags
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-214k-19044.3%
Working capital€-237k
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2024 · verkort
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 | -16.8% | 20.4% | |
| Net result | €-214k | €26k | |
| Equity | €-214k | €142k | |
| Gross operating margin | €-49k | €217k | |
| Staff costs | €160k | €163k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€-208k
-25646.2%
21-24
€-214k
-19044.3%
21-24
€-210k
-23400.0%
21-24
€1.28M
+10596.3%
21-24
€-214k
-
21-24
€-237k
-
21-24
4
-
21-24
€160k
-
21-24
€1.49M
+48764.8%
21-24
€1.49M
+48635.7%
21-24
0.84
-77.2%
21-24
0.83
-76.2%
21-24
-16.8%
-
21-24
-6.95
-
21-24
100.0%
-
21-24
-16.8%
-79.0%
21-24
-112.51
-1084.9%
21-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €-208k |
| Net profit | €-214k |
| Cash flow | €-210k |
| Staff costs | €160k |
| Income taxes | - |
| Dividends | - |
| Total assets | €1.28M |
| Equity | €-214k |
| Debt | €1.49M |
| of which ≤ 1y | €1.49M |
| of which > 1y | - |
| Working capital | €-237k |
| Employees (FTE) | 3.6 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.84 |
| Quick ratio | 0.83 |
| Working capital ratio | -18.6% |
| Solvency | -16.8% |
| Debt / equity | -6.95 |
| Long-term debt ratio | - |
| Interest coverage | -112.51 |
| Gross margin | - |
| Net margin | - |
| ROA | -16.8% |
| ROE | 100.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.28M |
| Fixed assets | 21/28 | €25k |
| Formation expenses | 20 | €1k |
| Intangible fixed assets | 21 | €17k |
| Tangible fixed assets | 22/27 | €8k |
| Current assets | 29/58 | €1.25M |
| Stocks & contracts in progress | 3 | €9k |
| Amounts receivable within one year | 40/41 | €1.24M |
| Cash & bank | 54/58 | €264 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.28M |
| Equity | 10/15 | €-214k |
| Contributions / capital | 10/11 | €10k |
| Accumulated profits (losses) | 14 | €-224k |
| Amounts payable | 17/49 | €1.49M |
| Amounts payable within one year | 42/48 | €1.49M |
| Trade debts payable within one year | 44 | €61k |
| Income statement | ||
| Gross operating margin | 9900 | €-49k |
| Operating result | 9901 | €-213k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €-214k |
| Net result for the period | 9904 | €-214k |
| Result to be appropriated | 9905 | €-214k |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
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Ratios computed by Checked.
Health barometer
FY 2024 · computed12
/ 100
Critical
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.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Structure & network
Locations & real estate
Registered office
on the map · from the address register
seat.Municipality
exact location from the address register
Establishment units
1 locationPLUS-U
since 20202.309.096.183
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area2,736 m²
Buildings1
Building footprint637 m²
Volume (LiDAR)9,321 m³
Tallest building18.4 m · ±5 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809B0661/00Y002 | Flanders | 2,736 m² | 1 · 637 m² | 18.4 m · 5 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
2 acts Capital history · 1
01-12-2022
Capital change
All acts · 2
updated 3 years ago
2022
01-12-2022 Share split
Notary:
Christian Van Belle · GentFirm:
NOTAS, geassocieerde notarissen
11-05-2022 Change in the board of directors
Notary:
Christian Van Belle · Gent
Analysis
Snowflake analysis
financial profile on 5 axes56
/ 100
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Health
12
Profitability
100
Solvency
41
Growth
32
Stability
94
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Credit advice
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Company registry (CBE)
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Primary activity highlighted.
Names & trade names
| Legal nameNL | PLUS-U |
Registered office
Zuiderlaan 1-3 bus 8
9000 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.