Financials
- Fiscal year
- 2025
- Total assets
- €1.8m
- Loss
- -€4.1m
- Solvency
- 15.6%
Total assets▼ 67.6%
Net result
20192025
Plopsa Station Antwerp
ActiveThe file of Plopsa Station Antwerp contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The annual accounts of Plopsa Station Antwerp for fiscal year 2025 show a net loss of 224% of total assets and of 93% of the equity at the start of that year. The computed 12-month bankruptcy probability is 9.0% (elevated). The 2025 annual accounts show equity of €285,406 and a net result of -€4.1m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 35% of 893 sector peers (fiscal year 2025).
Overview
Activity
Full-service restaurants
NACE 56111Full-service restaurants NACE 56101Sports, amusement and recreation activities NACE 93210
#9 company by total assets in De Panne, Accommodation and food service sector1 site
Size
€1.8mtotal assets 2025
- Staff
- 13.1 FTE
- Equity
- €285,406
- Loss
- -€4.1m
Net result -491%: other schema
Structure
- Parent
- STUDIO PLOPSA · 100%
- Board
- 3 members
Auditor: BCV Emst & Young BedrijfsrevisorenAccounts 42 d early
Why 31- Judicial reorganisation on record (2 publications, latest 30-10-2019)- Loss of €4.1m, the second in a row (FY 2025)- Equity €285,406 (15.6% of total assets)- Sector Food and beverage service activities (NACE 56)Show the evidence
Checked score
Score 2025
31
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 19% of its sector peers (NACE 56, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
41-59
equity 15.6% of total assets
Liquidity
40-10
short-term debt 35.8% · cash 4.8%
Profitability
0-42
return on assets -224.0%
Bankruptcy probability, 12 months
9.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 5.4%
12-2024: 5.4%● 0.0% vs 11-2024
01-2025: 5.4%● 0.0% vs 12-2024
02-2025: 5.4%▼ -0.4% vs 01-2025
03-2025: 5.4%▲ +1.5% vs 02-2025
04-2025: 5.9%▲ +8.8% vs 03-2025
05-2025: 5.7%▼ -3.9% vs 04-2025
06-2025: 6.0%▲ +4.8% vs 05-2025
07-2025: 6.7%▲ +12.7% vs 06-2025
08-2025: 4.3%▼ -35.7% vs 07-2025
09-2025: 4.3%● 0.0% vs 08-2025
10-2025: 4.3%● 0.0% vs 09-2025
11-2025: 4.1%▼ -4.3% vs 10-2025
12-2025: 4.0%▼ -3.9% vs 11-2025
01-2026: 4.0%● 0.0% vs 12-2025
02-2026: 4.0%● 0.0% vs 01-2026
03-2026: 3.9%▼ -2.1% vs 02-2026lowest value
04-2026: 4.2%▲ +8.8% vs 03-2026
05-2026: 4.4%▲ +3.2% vs 04-2026
06-2026: 4.5%▲ +2.2% vs 05-2026
07-2026: 8.6%▲ +92.3% vs 06-2026
08-2026: 8.6%● 0.0% vs 07-2026
09-2026: 9.0%▲ +4.7% vs 08-2026highest value
10-2026: 9.0%● 0.0% vs 09-2026highest value
- Judicial reorganisation on record (2 publications, latest 30-10-2019) raises the probability
- Loss of €4.1m, the second in a row (FY 2025) raises the probability
- Equity €285,406 (15.6% of total assets) raises the probability
- Sector Food and beverage service activities (NACE 56) raises the probability
Credit up to €8,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.64 against 0.93 in 2024; short-term debt: 35.8% and cash: 4.8% of total assets), and 84.4% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 56, small). Better than this share of them on solvency 33%, liquidity 33%, profitability 4%, growth against the median 6%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€4.1m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 d early
2024
37 d early
2023
48 d early
2022
18 d early
2021
46 d early
2020
38 d early
2019
112 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 19 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Permanent representatives: Hans Bourlon, Gert Verhulst…Reappointments: Studio Plopsa NV, Remus…
- Annual accounts filedfiscal year 2024 · abbreviated…
Key points
- Risk: 5 loss-making years in a rowloss fiscal year 2025 -€4.1m View
- Caution: Result fell in 2025different schema filed ▼ 491% View
- Caution: Among the weakest 5% on net resultsector median €9,729 · 893 companies -€4.1m View
- Controlled by STUDIO PLOPSAknown shareholders 100% 100% View
- Positive: Always filed on timeaccounts within the deadline every year 6 years View
- Flemish supportawarded 2022 - 2025 €99,900 View
By topic
Board & ownership
- Board
- 3 members
- Parent
- STUDIO PLOPSA · 100%
- Known shareholders
- 100%
- Auditor
- BCV Emst & Young…
Go to Board & ownership
Network & group
- Group
- Romulus en Remus
- Connected companies
- 45
- Mergers and contributions
- 1
Timeline
- Events
- 45
- Since
- 2014
- Next accounts
- by 31-07-2027
- 19-06-2026Annual accounts filed
- 20-05-2026Permanent representatives: Hans Bourlon, Gert Verhulst and…
- 24-06-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Full-service restaurantsNACE 56111
- Founded
- 26-11-2014
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 2
- Purpose
- De vennootschap heeft tot voorwerp, met uitzondering van de activiteiten en verrichtingen…
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