PLUSTECH · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of PLUSTECH is 2.4% (moderate). The 2025 annual accounts show equity of €48k and a net result of €-82. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 18% of 222 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.4% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 222 sector peers (2025).

View the sector comparison

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-wide

Filed after the deadline

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 19-11-2025, 19 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.

The next deadline is still running

The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.

How we compute the deadline

The year end is derived from 3 filed financial years, each closing on 31-03. 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 31-03-2025, that is 31-10-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-03-2025	31-10-2025	19-11-2025	19 d late	2025-00569207
31-03-2024	31-10-2024	20-11-2024	20 d late	2024-00603482
31-03-2023	31-10-2023	29-11-2023	29 d late	2023-00519640

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 signals

More than 3 years active

Founded in 2022, 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 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.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-82

Working capital€13k-74.3%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 19-11-2025 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 3 fiscal years (±2.2%/year).

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 2025 · NACE 25 · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	14.0%	39.7%	better than 18% of 222 sector peers
Net result	€-82	€15k	better than 16% of 222 sector peers
Equity	€48k	€46k	better than 51% of 222 sector peers
Gross operating margin	€21k	€41k	better than 26% of 221 sector peers
Total assets	€342k	€135k	better than 77% of 222 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P18

Stable position over 2023-2025 · n=222-692

Net result P16

Weakening position over 2023-2025 · n=222-691

Equity P51

Weakening position over 2023-2025 · n=222-692

Gross operating margin P26

Weakening position over 2023-2025 · n=221-690

Describes the position versus peers, not a forecast.

EBITDA

€20k

-8.9% 23-25

Net profit

€-82

- 23-25

Cash flow

€7k

-25.2% 23-25

Total assets

€342k

+22.9% 23-25

Equity

€48k

-0.2% 23-25

Working capital

€13k

-74.3% 23-25

Income taxes

€524

-92.4% 23-25

Debt

€294k

+27.7% 23-25

Debt ≤ 1y

€125k

+55.5% 23-25

Debt > 1y

€169k

+12.7% 23-25

Current ratio

1.11

-32.9% 23-25

Quick ratio

0.81

-33.2% 23-25

Solvency

14.0%

-18.8% 23-25

Debt / equity

6.16

+27.9% 23-25

ROE

-0.2%

- 23-25

ROA

0.0%

- 23-25

Interest coverage

1.56

-16.0% 23-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€20k
Net profit	€-82
Cash flow	€7k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€342k
Equity	€48k
Debt	€294k
of which ≤ 1y	€125k
of which > 1y	€169k
Working capital	€13k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	1.11
Quick ratio	0.81
Working capital ratio	3.9%
Solvency	14.0%
Debt / equity	6.16
Long-term debt ratio	3.54
Interest coverage	1.56
Gross margin	-
Net margin	-
ROA	0.0%
ROE	-0.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €203k · 59.5% Current assets €139k · 40.5%

Equity & liabilities

Equity €48k · 14.0% Debt €294k · 86.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€342k
Fixed assets	21/28	€203k
Tangible fixed assets	22/27	€203k
Current assets	29/58	€139k
Stocks & contracts in progress	3	€37k
Amounts receivable within one year	40/41	€26k
Cash & bank	54/58	€76k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€342k
Equity	10/15	€48k
Contributions / capital	10/11	€10k
Reserves	13	€38k
Accumulated profits (losses)	14	€-82
Amounts payable	17/49	€294k
Amounts payable after one year	17	€169k
Amounts payable within one year	42/48	€125k
Trade debts payable within one year	44	€75k
Income statement
Gross operating margin	9900	€21k
Operating result	9901	€13k
Financial income	75	€17
Financial charges	65	€13k
Result before taxes	9903	€-82
Net result for the period	9904	€-82
Result to be appropriated	9905	€-82

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

35 / 100 Weak

050100

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 from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

PLUSTECH

Drossaardstraat(M) 24, 3630 MaasmechelenVervaardiging van metalen constructiewerken of gebinten voor de bouw

since 20222.329.078.480

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area446 m²

Buildings1

Building footprint264 m²

Volume (LiDAR)1,370 m³

Tallest building9.8 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels 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.
73048C1960/00G002	Flanders	446 m²	1 · 264 m²	9.8 m · 2 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

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

41 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 35

Profitability 0

Solvency 23

Growth 52

Stability 94

Ask AI about this company

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AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

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We hold annual accounts for 496 of the 3,976 companies in this sector. 420 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Vervaardiging van metalen constructiewerken en delen daarvan25110Vervaardiging van metalen constructiewerken en delen daarvan25110Overige bouwinstallatie43240Overige bouwinstallatie, n.e.g.43299

Primary activity highlighted.

Names & trade names

Legal nameNL

PLUSTECH

Registered office

Drossaardstraat(M) 24

3630 Maasmechelen, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.