All Plan
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 30 days after the deadline Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00482736.
Annual accounts 2025 filed on 30-08-2026 at the NBB all 10 filings
Turnover
≈ €1.7m
Estimated: probably between €1.4m and €2.5m
Total assets
€866,799▲ 5.2%
2024 · €824,062
Net result
€151,705▲ 120%
2024 · €69,077
Working capital
€474,445▲ 70.5%
2024 · €278,342
In the rankings
#6 company by equity in Glabbeek, Construction sector#8 company by total assets in Glabbeek, Construction sector#10 employer in Glabbeek
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€240,219
▲ 101%
2025
20182025
Net result
€151,705
▲ 120%
2025
highest quarter of the sector
20182025
Equity
€595,498
▲ 34.2%
2025
highest quarter of the sector
20182025
Total assets
€866,799
▲ 5.2%
2025
middle half of the sector
20182025
Debt
€271,302
▼ 28.7%
2025
20182025
Working capital
€474,445
▲ 70.5%
2025
highest quarter of the sector
20182025
Solvency
68.7%
▲ 14.8pp
2025
highest quarter of the sector
20182025
Current ratio
2.75
▲ 0.96
2025
middle half of the sector
20182025
Return on assets (ROA)
17.5%
▲ 9.1pp
2025
highest quarter of the sector
20182025
Staff (FTE)
7.3
▼ 2.7%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€128,200-€151,885▲ 18.5%€126,309▼ 16.8%€135,246▲ 7.1%€158,315▲ 17.1%€87,464▼ 44.8%€119,354▲ 36.5%€240,219▲ 101%
Net result€80,370-€102,326▲ 27.3%€82,253above the sector's middle half▼ 19.6%€82,731above the sector's middle half▲ 0.6%€104,787above the sector's middle half▲ 26.7%€48,896within the sector's middle half▼ 53.3%€69,077within the sector's middle half▲ 41.3%€151,705above the sector's middle half▲ 120%
Equity€303,359-€405,686▲ 33.7%€487,938above the sector's middle half▲ 20.3%€478,793above the sector's middle half▼ 1.9%€510,372above the sector's middle half▲ 6.6%€477,042within the sector's middle half▼ 6.5%€443,793within the sector's middle half▼ 7.0%€595,498above the sector's middle half▲ 34.2%
Total assets€435,777-€529,539▲ 21.5%€574,756above the sector's middle half▲ 8.5%€797,114above the sector's middle half▲ 38.7%€875,850above the sector's middle half▲ 9.9%€838,914within the sector's middle half▼ 4.2%€824,062within the sector's middle half▼ 1.8%€866,799within the sector's middle half▲ 5.2%
Debt€132,417-€123,853▼ 6.5%€86,817▼ 29.9%€318,320▲ 267%€365,479▲ 14.8%€361,871▼ 1.0%€380,269▲ 5.1%€271,302▼ 28.7%
Working capital€30,516-€121,617▲ 299%€224,692above the sector's middle half▲ 84.8%€228,385above the sector's middle half▲ 1.6%€231,792above the sector's middle half▲ 1.5%€262,203within the sector's middle half▲ 13.1%€278,342within the sector's middle half▲ 6.2%€474,445above the sector's middle half▲ 70.5%
Solvency69.6%-76.6%▲ 7.0pp84.9%above the sector's middle half▲ 8.3pp60.1%within the sector's middle half▼ 24.8pp58.3%within the sector's middle half▼ 1.8pp56.9%within the sector's middle half▼ 1.4pp53.9%within the sector's middle half▼ 3.0pp68.7%above the sector's middle half▲ 14.8pp
Current ratio1.32-2.11▲ 0.783.59above the sector's middle half▲ 1.482.01within the sector's middle half▼ 1.581.87within the sector's middle half▼ 0.141.88within the sector's middle half▲ 0.011.79within the sector's middle half▼ 0.092.75within the sector's middle half▲ 0.96
Return on assets (ROA)18.4%-19.3%▲ 0.9pp14.3%within the sector's middle half▼ 5.0pp10.4%within the sector's middle half▼ 3.9pp12.0%within the sector's middle half▲ 1.6pp5.8%within the sector's middle half▼ 6.1pp8.4%within the sector's middle half▲ 2.6pp17.5%above the sector's middle half▲ 9.1pp
Staff (FTE)1.9-2.8▲ 47.4%3.9above the sector's middle half▲ 39.3%4.3▲ 10.3%5.6▲ 30.2%7.1within the sector's middle half▲ 26.8%7.5within the sector's middle half▲ 5.6%7.3within the sector's middle half▼ 2.7%
above
within
below
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 101% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €866,799
Fixed assets
€121,053 ▼ 37.1%
Current assets
€745,746 ▲ 18.1%
Equity and liabilities €866,799
Equity
€595,498 ▲ 34.2%
Debt
€271,302 ▼ 28.7%
Debt's share of the balance-sheet total falls from 46.1% to 31.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€310,914▲
2024 · €218,676
Cash flow
€222,401▲
2024 · €168,400
Debt to equity
0.46▼
2024 · 0.86
ROE
25.5%▲
2024 · 15.6%
Interest coverage
70.58▲
2024 · 29.30
Debt ≤ 1 year
€271,302▼
2024 · €353,309
Income taxes
€84,141▲
2024 · €43,120
Staff costs
€480,350▼
2024 · €493,811
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 6 | 8 | 9 | 8 | 8 |
| full-time | 4 | 6 | 8 | 7 | 6 |
| part-time | 2 | 2 | 1 | 1 | 2 |
| in full-time equivalents | 4.3 | 6.3 | 8.2 | 7.2 | 7 |
| Average over the year, in full-time equivalents | 4.3 | 5.6 | 7.1 | 7.5 | 7.3 |
| On a permanent contract | 6 | 8 | 9 | 8 | 8 |
| Joined | 7 | 4 | 4 | 14 | 10 |
| Left | 7 | 2 | 3 | 15 | 10 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €168,076 | €132,559 | €8,111 | €13,348 | €21,359 |
| Intangible fixed assets | €4,275 | - | - | - | €25,500 |
| Depreciation and write-downs of the year | €66,701 | €96,879 | €103,709 | €99,323 | €70,696 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €4,560 awarded · €4,823 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,227 | €1,227 |
| 2024 | 1 | €1,011 | €1,011 |
| 2023 | 1 | €606 | €869 |
| 2022 | 1 | €1,716 | €1,716 |
Public contracts
1 award · 2025
Raamovereenkomst asbestinventarisatie voor woonmaatschappijen: INITIA-2024-01 Asbestinventarisatie - Perceel 5: regio Oost-Brabant
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €16,799 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €215,253 | €301,623 | €443,784 | €493,811 | €480,350 | ▼ 2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66,028 | €77,126 | €77,808 | €66,701 | €96,879 | €103,709 | €99,323 | €70,696 | ▼ 28.8% |
| Other operating charges640/8 | - | - | - | €2,791 | €1,941 | €2,269 | €2,664 | €4,531 | ▲ 70.1% |
| Gross operating margin9900 | €278,557 | €357,726 | €402,113 | €419,991 | €558,758 | €637,226 | €715,151 | €795,796 | ▲ 11.3% |
| Operating profit (loss)9901 | €128,200 | €151,885 | €126,309 | €135,246 | €158,315 | €87,464 | €119,354 | €240,219 | ▲ 101% |
| Financial income75/76B | - | - | - | €2,729 | €3,631 | €1,821 | €306 | €33 | ▼ 89.3% |
| Recurring financial income75 | €651 | €1,664 | €2,066 | €2,729 | €3,631 | €1,821 | €306 | €33 | ▼ 89.3% |
| Financial charges65/66B | - | - | - | €6,802 | €3,731 | €8,405 | €7,462 | €4,405 | ▼ 41.0% |
| Recurring financial charges65 | €3,096 | €2,427 | €2,319 | €6,802 | €3,731 | €8,405 | €7,462 | €4,405 | ▼ 41.0% |
| Profit (loss) for the period before taxes9903 | €125,755 | €151,122 | €126,055 | €131,173 | €158,215 | €80,880 | €112,197 | €235,846 | ▲ 110% |
| Income taxes67/77 | €45,384 | €48,795 | €43,803 | €48,442 | €53,428 | €31,984 | €43,120 | €84,141 | ▲ 95.1% |
| Profit (loss) for the period9904 | €80,370 | €102,326 | €82,253 | €82,731 | €104,787 | €48,896 | €69,077 | €151,705 | ▲ 120% |
| Transfer from tax-exempt reserves789 | - | - | - | €27,500 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €80,370 | €102,326 | €92,253 | €110,231 | €104,787 | €48,896 | €69,077 | €151,705 | ▲ 120% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €435,777 | €529,539 | €574,756 | €797,114 | €875,850 | €838,914 | €824,062 | €866,799 | ▲ 5.2% |
| Fixed assets21/28 | €311,070 | €298,249 | €263,246 | €342,195 | €377,875 | €278,386 | €192,412 | €121,053 | ▼ 37.1% |
| Intangible fixed assets21 | €179,167 | €154,167 | €129,167 | €107,957 | €82,102 | €56,247 | €30,392 | €29,623 | ▼ 2.5% |
| Tangible fixed assets22/27 | €130,504 | €141,182 | €132,580 | €232,738 | €294,273 | €220,639 | €160,520 | €89,930 | ▼ 44.0% |
| Plant, machinery and equipment23 | - | - | - | €43,697 | €43,827 | €37,491 | €32,664 | €31,656 | ▼ 3.1% |
| Furniture and vehicles24 | - | - | - | €176,191 | €196,587 | €143,157 | €95,477 | €32,887 | ▼ 65.6% |
| Leasing and similar rights25 | - | - | - | - | €43,990 | €34,794 | €25,598 | €16,402 | ▼ 35.9% |
| Other tangible fixed assets26 | - | - | - | €12,851 | €9,869 | €5,197 | €6,781 | €8,986 | ▲ 32.5% |
| Financial fixed assets28 | €1,400 | €2,900 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Current assets29/58 | €124,707 | €231,290 | €311,509 | €454,919 | €497,975 | €560,528 | €631,650 | €745,746 | ▲ 18.1% |
| Amounts receivable within one year40/41 | €90,197 | €186,368 | €247,305 | €299,474 | €418,600 | €461,954 | €469,440 | €589,157 | ▲ 25.5% |
| Trade receivables40 | - | - | - | €100,473 | €143,317 | €193,613 | €186,496 | €199,251 | ▲ 6.8% |
| Other amounts receivable41 | - | - | - | €199,000 | €275,283 | €268,341 | €282,944 | €389,906 | ▲ 37.8% |
| Cash at bank and in hand54/58 | €33,860 | €33,772 | €61,365 | €153,030 | €75,044 | €94,773 | €158,082 | €109,982 | ▼ 30.4% |
| Deferred charges and accrued income490/1 | - | - | - | €2,415 | €4,332 | €3,801 | €4,128 | €46,608 | ▲ 11× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €435,777 | €529,539 | €574,756 | €797,114 | €875,850 | €838,914 | €824,062 | €866,799 | ▲ 5.2% |
| Equity10/15 | €303,359 | €405,686 | €487,938 | €478,793 | €510,372 | €477,042 | €443,793 | €595,498 | ▲ 34.2% |
| Contributions10/11 | €18,550 | €18,550 | - | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €284,809 | €387,136 | €469,388 | €460,243 | €491,822 | €458,492 | €425,243 | €576,948 | ▲ 35.7% |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €1,855 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | - | - | - | - |
| Distributable reserves133 | - | - | - | €458,388 | €489,967 | €458,492 | €425,243 | €576,948 | ▲ 35.7% |
| Amounts payable17/49 | €132,417 | €123,853 | €86,817 | €318,320 | €365,479 | €361,871 | €380,269 | €271,302 | ▼ 28.7% |
| Amounts payable after more than one year17 | €38,227 | €14,180 | - | €91,787 | €99,296 | €63,546 | €26,960 | - | - |
| Financial debts170/4 | - | - | - | €91,787 | €99,296 | €63,546 | €26,960 | - | - |
| Amounts payable within one year42/48 | €94,190 | €109,673 | €86,817 | €226,533 | €266,183 | €298,325 | €353,309 | €271,302 | ▼ 23.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €43,701 | €54,938 | €56,677 | €37,555 | €8,229 | ▼ 78.1% |
| Trade debts44 | €6,446 | €56,451 | €4,379 | €29,329 | €48,744 | €52,995 | €39,959 | €59,952 | ▲ 50.0% |
| Suppliers440/4 | - | - | - | €29,329 | €48,744 | €52,995 | €39,959 | €59,952 | ▲ 50.0% |
| Taxes, remuneration and social security45 | - | - | - | €61,628 | €89,293 | €106,412 | €118,931 | €148,052 | ▲ 24.5% |
| Taxes450/3 | - | - | - | €33,283 | €50,906 | €53,716 | €61,356 | €89,475 | ▲ 45.8% |
| Remuneration and social security454/9 | - | - | - | €28,345 | €38,386 | €52,696 | €57,574 | €58,577 | ▲ 1.7% |
| Other amounts payable47/48 | - | - | - | €91,876 | €73,208 | €82,240 | €156,864 | €55,069 | ▼ 64.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €80,370 | €102,326 | €82,253 | €82,731 | €104,787 | €48,896 | €69,077 | €151,705 | ▲ 120% |
| + Depreciation and write-downs630 | €66,028 | €77,126 | €77,808 | €66,701 | €96,879 | €103,709 | €99,323 | €70,696 | ▼ 28.8% |
| Operating cash flow (approximation) | €146,399 | €179,452 | €160,061 | €149,432 | €201,666 | €152,605 | €168,400 | €222,401 | ▲ 32.1% |
| Investment in fixed assets (approximation) | - | -€64,304 | -€42,806 | -€145,650 | -€132,559 | -€4,220 | -€13,348 | €663 | - |
| Change in cash | - | -€88 | €27,593 | €91,665 | -€77,986 | €19,729 | €63,309 | -€48,101 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as All Plan has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of All Plan itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for All Plan. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-08-2026 | 2026-00482736 | |
| 31-12-2024 | abbreviated format | 19-08-2025 | 2025-00390433 | |
| 31-12-2023 | abbreviated format | 24-07-2024 | 2024-00284434 | |
| 31-12-2022 | micro format | 25-09-2023 | 2023-00454570 | |
| 31-12-2021 | micro format | 20-07-2022 | 2022-20210294 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-44500200 | |
| 31-12-2019 | micro format | 23-07-2020 | 2020-32900239 | |
| 31-12-2018 | micro format | 14-08-2019 | 2019-46500178 | |
| 31-12-2017 | micro format | 27-08-2018 | 2018-50500172 | |
| 31-12-2016 | micro format | 24-08-2017 | 2017-46900205 |