ENG - PLASTICS
ActiveSummary
ENG - PLASTICS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €923k and a net result of €-405k. Equity is shrinking by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 17% of 9040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability12▲+2
Solvency37▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days only on tighter terms
Liquidity tight (current ratio 1.03 against 1.08 in 2023; short-term debt: 88.2% and cash: 14.9% of total assets), and 88.2% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
11.8%
Return on assets
-5.2%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-405k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 9040 sector peers (2024).
NBB · sector comparisonPosition among 9040 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
27 d late
2022
30 d late
2021
25 d late
2020
25 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, abbreviated schema
Turnover
€13.15M
EBIT margin
4.7%
Net result
€-405k▲ 33.4%
2023 · €-608k
Working capital
€227k▼ 59.9%
2023 · €566k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€13.15M
Operating result€622k▼ 9.8%€1.33M▲ 114%€-393k€-637k▼ 62.0%€-481k▲ 24.5%
Net result€458k▼ 22.2%€1.32M▲ 188%€-380k€-608k▼ 60.0%€-405k▲ 33.4%
EBIT margin4.7%
Equity€2.28M▲ 0.1%€2.31M▲ 1.3%€1.93M▼ 16.5%€1.32M▼ 31.5%€923k▼ 30.2%
Total assets€7.39M▼ 11.8%€8.88M▲ 20.3%€9.13M▲ 2.7%€8.54M▼ 6.5%€7.80M▼ 8.6%
Debt€5.11M▼ 16.2%€6.57M▲ 28.7%€7.19M▲ 9.5%€7.21M▲ 0.3%€6.88M▼ 4.6%
Working capital€1.62M▲ 1.6%€1.59M▼ 1.7%€1.20M▼ 24.8%€566k▼ 52.7%€227k▼ 59.9%
Staff (FTE)1▼ 9.1%0.50.5=0.4▼ 20.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €481k in 2024 against €637k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.80M
Fixed assets
€696k ▼ 8.1%
Current assets
€7.11M ▼ 8.6%
Equity and liabilities €7.80M
Equity
€923k ▼ 30.2%
Debt
€6.88M ▼ 4.6%
Debt's share of the balance-sheet total rises from 84.5% to 88.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-410k▲
2023 · €-573k
Cash flow
€-334k▲
2023 · €-545k
Current ratio
1.03▼
2023 · 1.08
Quick ratio
0.41▲
2023 · 0.39
Debt to equity
7.45▲
2023 · 5.45
ROE
-43.9%▲
2023 · -46.0%
ROA
-5.2%▲
2023 · -7.1%
Interest coverage
-162.34▲
2023 · -695.13
Debt ≤ 1 year
€6.88M▼
2023 · €7.21M
Staff costs
€21k▼
2023 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €13.15M | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €11k | €25k | €21k | ▼ 15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55k | €52k | €63k | €63k | €71k | ▲ 11.9% |
| Other operating charges640/8 | - | €2k | €36k | €3k | €24k | ▲ 596% |
| Gross operating margin9900 | €737k | €1.39M | €-283k | €-545k | €-365k | ▲ 33.0% |
| Operating profit (loss)9901 | €622k | €1.33M | €-393k | €-637k | €-481k | ▲ 24.5% |
| Financial income75/76B | - | €4k | €19k | €29k | €78k | ▲ 166% |
| Recurring financial income75 | €4k | €4k | €19k | €29k | €78k | ▲ 166% |
| Financial charges65/66B | - | €7k | €6k | €825 | €3k | ▲ 206% |
| Recurring financial charges65 | €140k | €7k | €6k | €825 | €3k | ▲ 206% |
| Profit (loss) for the period before taxes9903 | €486k | €1.33M | €-380k | €-608k | €-405k | ▲ 33.4% |
| Income taxes67/77 | €27k | €11k | - | - | - | - |
| Profit (loss) for the period9904 | €458k | €1.32M | €-380k | €-608k | €-405k | ▲ 33.4% |
| Profit (loss) for the period to be appropriated9905 | €458k | €1.32M | €-380k | €-608k | €-405k | ▲ 33.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.39M | €8.88M | €9.13M | €8.54M | €7.80M | ▼ 8.6% |
| Fixed assets21/28 | €760k | €721k | €735k | €757k | €696k | ▼ 8.1% |
| Tangible fixed assets22/27 | €760k | €721k | €735k | €757k | €696k | ▼ 8.1% |
| Land and buildings22 | - | €662k | €635k | €660k | €618k | ▼ 6.3% |
| Plant, machinery and equipment23 | - | €21k | €62k | €44k | €25k | ▼ 44.3% |
| Other tangible fixed assets26 | - | €38k | €38k | €53k | €53k | = |
| Current assets29/58 | €6.63M | €8.16M | €8.39M | €7.78M | €7.11M | ▼ 8.6% |
| Stocks and contracts in progress3 | €2.12M | €4.41M | €4.63M | €4.94M | €4.32M | ▼ 12.5% |
| Stocks30/36 | - | €4.41M | €4.63M | €4.94M | €4.32M | ▼ 12.5% |
| Amounts receivable within one year40/41 | €998k | €1.55M | €1.33M | €1.07M | €380k | ▼ 64.4% |
| Trade receivables40 | - | €1.38M | €1.27M | €154k | €362k | ▲ 135% |
| Other amounts receivable41 | - | €178k | €58k | €913k | €18k | ▼ 98.0% |
| Current investments50/53 | - | - | - | - | €1.25M | - |
| Cash at bank and in hand54/58 | €3.50M | €2.20M | €2.42M | €1.77M | €1.16M | ▼ 34.6% |
| Deferred charges and accrued income490/1 | - | €619 | €4k | €4k | €295 | ▼ 93.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.39M | €8.88M | €9.13M | €8.54M | €7.80M | ▼ 8.6% |
| Equity10/15 | €2.28M | €2.31M | €1.93M | €1.32M | €923k | ▼ 30.2% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €24k | €24k | €24k | €24k | €29k | ▲ 23.7% |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | - | €17k | €17k | €17k | €23k | ▲ 32.1% |
| Profit (loss) carried forward14 | €2.20M | €2.23M | €1.85M | €1.24M | €832k | ▼ 32.8% |
| Amounts payable17/49 | €5.11M | €6.57M | €7.19M | €7.21M | €6.88M | ▼ 4.6% |
| Amounts payable after more than one year17 | €44k | - | - | - | - | - |
| Amounts payable within one year42/48 | €5.01M | €6.57M | €7.19M | €7.21M | €6.88M | ▼ 4.6% |
| Current portion of amounts payable after more than one year42 | - | €44k | - | - | - | - |
| Trade debts44 | €630k | €1.61M | €692k | €396k | €297k | ▼ 25.1% |
| Suppliers440/4 | - | €1.61M | €692k | €396k | €297k | ▼ 25.1% |
| Taxes, remuneration and social security45 | - | - | - | €2k | €9k | ▲ 313% |
| Taxes450/3 | - | - | - | - | €9k | - |
| Remuneration and social security454/9 | - | - | - | €2k | - | - |
| Other amounts payable47/48 | - | €4.92M | €6.50M | €6.82M | €6.57M | ▼ 3.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €458k | €1.32M | €-380k | €-608k | €-405k | ▲ 33.4% |
| + Depreciation and write-downs630 | €55k | €52k | €63k | €63k | €71k | ▲ 11.9% |
| Operating cash flow (approximation) | €513k | €1.37M | €-317k | €-545k | €-334k | ▲ 38.6% |
| Investment in fixed assets (approximation) | - | €-13k | €-77k | €-86k | €-10k | ▲ 88.5% |
| Change in cash | - | €-1.30M | €227k | €-652k | €-614k | ▲ 5.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet €-608k
Net result drops to €-608k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
31-12
Financial
Highest result since 2018net €1.32M ▲188%
Operating result €1.33M, net result €1.32M, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kruisem · 1 establishment unit since 2000
Ground area
2,883 m²
Building footprint
203 m²
Volume, LiDAR
1,166 m³
Parcel 45053A0583/00P000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Fonteinstraat(WAN) 1, 9772 Kruisem
since 20002.171.049.545
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45053A0583/00P000 | Flanders | 2,883 m² | 1 · 203 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,228 companies in sector 46851 we hold annual accounts for 516. 348 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-12-2000
Fiscal year end31-12
Activities, NACEBEL 2025
46851Wholesale of industrial chemicals
38210Materials recovery from waste
Scores and ratios are computed by Checked and are not a credit decision.