Injextru Plastics
ActiveInjextru Plastics has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.93M and a net result of €-872k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 19% of 267 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability9▼-16
Solvency47▼-7
Growth35=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.53 in 2024; short-term debt: 53.7% and cash: 19.4% of total assets), and 78.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Sector 20
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.6%
Return on assets
-9.8%
Age of the figures
9 mo
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
1819202122232425
2018 to 2025 · latest year €-872k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 267 sector peers (2025).
NBB · sector comparisonPosition among 267 sector peers
Solvency
better than 19%
← weakest
strongest →
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
13 d early
2023
14 d early
2022
19 d early
2021
19 d early
2020
16 d early
2019
8 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€19.89M▲ 3.9%
2024 · €19.14M
2018: €17.05M
2019: €20.23M
2020: €19.10M
2021: €25.08M
2022: €29.63M
2023: €20.55M
2024: €19.14M
2018 → 2025
EBIT margin
-3.9%▼ 1.9pp
2024 · -2.0%
2018: 1.6%
2019: 8.7%
2020: 6.1%
2021: 8.3%
2022: 5.8%
2023: -2.6%
2024: -2.0%
2018 → 2025
Net result
€-872k▼ 76.7%
2024 · €-494k
2018: €182k
2019: €1.23M
2020: €839k
2021: €1.50M
2022: €1.23M
2023: €-601k
2024: €-494k
2018 → 2025
Working capital
€1.84M▼ 23.5%
2024 · €2.41M
2018: €2.42M
2019: €2.38M
2020: €2.36M
2021: €1.82M
2022: €2.55M
2023: €3.14M
2024: €2.41M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€25.08M-€29.63M▲ 18.1%€20.55M▼ 30.7%€19.14M▼ 6.9%€19.89M▲ 3.9%
Equity€3.02M-€3.90M▲ 29.0%€3.30M▼ 15.4%€2.81M▼ 15.0%€1.93M▼ 31.1%
Operating result€2.07M-€1.72M▼ 16.9%€-537k€-385k▲ 28.3%€-775k▼ 101%
Net result€1.50M-€1.23M▼ 18.1%€-601k€-494k▲ 17.9%€-872k▼ 76.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €775k in 2025 against €385k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.94M
Fixed assets
€2.30M▼ 11.9%
Current assets
€6.64M▼ 4.5%
Equity and liabilities €8.94M
Equity
€1.93M▼ 31.1%
Provisions
€109=
Debt
€7.00M▲ 3.7%
The debt ratio rises from 70.6% to 78.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-283k▼
2024 · €98k
Cash flow
€-380k▼
2024 · €-11k
Solvency
21.6%▼
2024 · 29.4%
Current ratio
1.38▼
2024 · 1.53
Quick ratio
0.74▼
2024 · 0.81
Debt / equity
3.62▲
2024 · 2.41
ROE
-45.1%▼
2024 · -17.6%
ROA
-9.8%▼
2024 · -5.2%
Interest coverage
-5.17▼
2024 · 1.78
Debt
€7.00M▲
2024 · €6.75M
Debt ≤ 1 year
€4.80M▲
2024 · €4.54M
Debt > 1 year
€2.19M=
2024 · €2.19M
Income taxes
€3k▲
2024 · €2k
Staff costs
€6.12M▲
2024 · €5.71M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€9.56M€8.94M▼
Fixed assets21/28€2.61M€2.30M▼
Intangible fixed assets21€57k€29k▼
Tangible fixed assets22/27€2.55M€2.27M▼
Land and buildings22€1.65M€1.54M▼
Plant, machinery and equipment23€568k€485k▼
Furniture and vehicles24€331k€244k▼
Financial fixed assets28€3k€3k=
Other financial fixed assets284/8€3k€3k=
Amounts receivable and cash guarantees285/8€3k€3k=
Current assets29/58€6.95M€6.64M▼
Stocks and contracts in progress3€3.26M€3.09M▼
Stocks30/36€3.26M€3.09M▼
Raw materials and consumables30/31€2.67M€2.55M▼
Finished goods33€584k€545k▼
Amounts receivable within one year40/41€2.31M€1.72M▼
Trade receivables40€2.20M€1.63M▼
Other amounts receivable41€109k€94k▼
Cash at bank and in hand54/58€1.32M€1.74M▲
Deferred charges and accrued income490/1€71k€88k▲
Equity and liabilities
Total equity and liabilities10/49€9.56M€8.94M▼
Equity10/15€2.81M€1.93M▼
Contributions10/11€250k€250k=
Capital10€250k€250k=
Issued capital100€250k€250k=
Reserves13€2.56M€1.68M▼
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Tax-exempt reserves132€84k€84k=
Distributable reserves133€2.45M€1.57M▼
Investment grants15€326€326=
Provisions and deferred taxes16€109€109=
Provisions for liabilities and charges160/5€0-
Pensions and similar obligations160€0-
Deferred taxes168€109€109=
Amounts payable17/49€6.75M€7.00M▲
Amounts payable after more than one year17€2.19M€2.19M=
Other amounts payable178/9€2.19M€2.19M=
Amounts payable within one year42/48€4.54M€4.80M▲
Trade debts44€2.93M€3.30M▲
Suppliers440/4€2.93M€3.30M▲
Advances received on contracts in progress46€63k€38k▼
Taxes, remuneration and social security45€939k€789k▼
Taxes450/3€146k€18k▼
Remuneration and social security454/9€792k€771k▼
Other amounts payable47/48€607k€671k▲
Accrued charges and deferred income492/3€22k€18k▼
Income statement
Code20242025
Operating income70/76A€19.96M€20.51M▲
Turnover70€19.14M€19.89M▲
Change in stocks of work in progress, finished goods and contracts in progress71€93k€-39k▼
Other operating income74€526k€518k▼
Non-recurring operating income76A€200k€143k▼
Operating charges60/66A€20.34M€21.29M▲
Goods for resale, raw materials and consumables60€7.86M€8.21M▲
Purchases600/8€8.20M€8.08M▼
Change in stocks: decrease (increase)609€-340k€127k▲
Services and other goods61€6.23M€6.40M▲
Remuneration, social security and pensions62€5.71M€6.12M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€483k€492k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€13k€0▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-24k€0▲
Other operating charges640/8€65k€67k▲
Non-recurring operating charges66A€9k€2k▼
Operating profit (loss)9901€-385k€-775k▼
Financial income75/76B€97k€109k▲
Recurring financial income75€97k€109k▲
Other financial income752/9€97k€109k▲
Financial charges65/66B€203k€203k=
Recurring financial charges65€203k€203k=
Debt charges650€55k€55k=
Other financial charges652/9€148k€148k▲
Profit (loss) for the period before taxes9903€-491k€-869k▼
Income taxes67/77€2k€3k▲
Taxes670/3€3k€3k=
Tax adjustments and reversals of tax provisions77€660€25▼
Profit (loss) for the period9904€-494k€-872k▼
Profit (loss) for the period to be appropriated9905€-494k€-872k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-494k€-872k▼
Transfer from equity791/2€494k€872k▲
From reserves792€494k€872k▲
Social balance
Average headcount (FTE)908787.785.8▼
The notes to these accounts (71 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-872k
Net result drops to €-872k, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €1.50M ▲78.6%
Operating result €2.07M, net result €1.50M, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2020
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-06-2020
Jenny Belaen: Resigned as Director
12-12-2019
TCS CONSULT: Resigned as Director
01-08-2019
BALENKO: Resigned as Director
01-08-2019
BALENKO: Resigned as Managing director
Location & real-estate footprint
Registered office, Tielt · 1 establishment unit since 1947
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Szamotulystraat 158700 TieltGround area
2.1 ha
Building footprint
8,621 m²
Volume, LiDAR
73,627 m³
Parcel 37302E0576/00B000, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Szamotulystraat 15, 8700 Tielt
since 19472.004.718.497
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37302E0576/00B000 | Flanders | 2.1 ha | 1 · 8,620 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 198,992 EUR awarded · 24,230 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 175,641 EUR | 1,644 EUR |
| 2024 | 2 | 5,899 EUR | 5,134 EUR |
| 2023 | 3 | 12,445 EUR | 12,445 EUR |
| 2022 | 2 | 5,007 EUR | 5,007 EUR |
Schemes
Ontwikkelingsproject
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies voor internationaal ondernemen
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Of 139 companies in sector 20160 we hold annual accounts for 95. 48 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
20160Manufacture of chemicals and chemical products
22210Manufacture of rubber and plastic products
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.