Equity
€6.5m ▲ 17.6%
PLAZA has made a profit without a break since 2021.
PLAZA
Lifetime
19 annual accounts with figures on one time axis, 49 filings since 1977peak €3.7m (2017)
€2.4m▲ 18.7%
lowest -€477,280 (2020)
€978,062▲ 32.9%
peak €8.6m (2022)
€6.5m▲ 17.6%
€16.3m▼ 4.9%
peak 25.9 FTE (2008)
0.5 FTEunchanged
Board5 names since 2019
3 directorsENITRAM HOLDING and 2 others
Owners
Documentsfilings and deeds
07-07-202624 days before the deadline
2025abbreviated format
Gross margin from €2.0m to €2.4mResult from €736,129 to €978,062Equity from €5.5m to €6.5mCash from €715,695 to €331,804
Key points
from the 2025 annual accountsTurnover
≈ €2.9m estimated
The abbreviated format states no turnover.
Debts
€16.3m 70% of the balance sheet
Financial debts 66%Suppliers 1%Taxes and wages 0%Other 33%
€9.2m of the debts are secured on the company's own assets. In 2021 that was €1.7m.
Staff
0.5 FTE from 25.9 in 2008
Between 2008 and 2025, 98% of the full-time equivalents disappeared.
Filings
49 annual accounts since 1977
The 2019 accounts came 63 days late. The other nine of the last ten were filed on time.
Position in the sector
€978,062
Higher net result than 95% of companies in real estate. Sector median €9,976 · 11,288 companies.
Checked score
94
Excellent
Financially stronger than 55% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025highest value
08-2025: 0.1%● unchanged vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 7.56, cash €331,804, halved
lowers risk
Size: 0.5 FTE, total assets €23.2m
Founded in 1965
Figures for financial year 2025 (filed on 07-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 47% of them on solvency, 58% on liquidity, 41% on profitability and 74% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,984 companies had the same profile as PLAZA has now. Each dot stands for 10 companies, two years later.
96.5%
were still trading
2.3%
stopped another way
1.1%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PLAZA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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 3,984 companies, not a prediction for PLAZA. 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.
Credit verdict
Credit of up to €600,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.56 (7.2 in 2024), above the usual 1.5. Short-term debt is 5.2% and cash 1.4% of total assets. However, 72.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €6.5m
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 days early
2024
23 days early
2023
119 days early
2022
126 days early
2021
61 days early
2020
32 days early
2019
63 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 46 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 May (4 of the last 5 accounts filed within 57 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Enitram Holding Comm.V. consolidatesannual accounts 2024
Shares in 2 companies, EPICURUS INVEST and IM-MER
Board & ownershipRecent changes
Environmental permit granted
Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging · Antwerpen
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0404624414
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Antwerpen
Appointment: Ruben Van Weert (director)
Permanent representative: Martine Goethals · General meeting of 01-10-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PLAZA Schilde | €23.2m | €2.4m | 27.9% | 0.5 |
| Société de Transactions Immobilières et de Constructions Ixelles | €22.7m | €1.7m | 75.5% | 1 |
| CLAVER IMMO Antwerp | €17.7m | €2.6m | 32.8% | 0 |
| MADINVEST Mol | €15.2m | €2.1m | 78.7% | 0.6 |
| Nobel Antwerp | €18.4m | €1.6m | 29.3% | 0 |
| MEDICA Kontich | €19.0m | €1.2m | 24.0% | 0 |
| TRUCO Hooglede | €17.3m | €2.1m | 85.0% | 0 |
These companies have the same main activity as PLAZA: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €15m and €23m, founded between 1946 and 1988.
Official details
Source: KBO- Status
- Active since 15-03-1965Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 2 others
- Joint committee
- 323Building management, estate agents and domestic staff · annual accounts 2025
- Establishment unit
- 2.000.291.4382970 Schilde, since 15-03-1965
- Financial year end
- 31 December
- Peppol
- Reachable since 02-01-2026
Annual accounts 2025
- €23.2m▲ 0.5%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Insights on PLAZA
PLAZA files the abbreviated format. That format states no turnover. The gross margin rose from €2.1m in 2007 to €2.4m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PLAZA
- What is the company number of PLAZA?
- The company number of PLAZA is 0404.624.414. The VAT number is the same number with BE in front: BE 0404.624.414.
- Where is PLAZA based?
- The registered office is at Wijnegemsteenweg 79A, 2970 Schilde.Company details
- What does PLAZA do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of PLAZA?
- PLAZA is a private limited company (BV).
- When was PLAZA founded?
- PLAZA was founded on 15-03-1965.
- Is PLAZA still active?
- Yes, PLAZA is an active enterprise in the KBO register.
- How many employees does PLAZA have?
- PLAZA had an average of 0.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does PLAZA fall under?
- In its 2025 annual accounts, PLAZA states joint committee 323 (Building management, estate agents and domestic staff).
- What is the turnover of PLAZA?
- The turnover in financial year 2025 is ≈ €2.9m. This figure is estimated from the gross margin of €2.4m and 32 comparable companies (NACE 68203). It probably lies between €2.4m and €3.4m.
- Is PLAZA profitable?
- In financial year 2025, PLAZA made a profit of €978,062.
- Where can I find the annual accounts of PLAZA?
- PLAZA filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PLAZA due?
- PLAZA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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