Equity
€8.1m ▲ 4.1%
INVESTAPLASTS has made a profit without a break since 2023.
INVESTAPLASTS
Lifetime
18 annual accounts with figures on one time axis, 19 filings since 2007Gross marginpeak -€754 (2007)
-€59,729▼ €18,366
Resultlowest -€2.5m (2015)
€320,613▲ 1.3%
Equitypeak €9.2m (2012)
€8.1m▲ 4.1%
Debts
€125,281▼ 17.7%
Staffpeak 0 FTE (2023)
-not published
Board2 names since 2021
2 directorsMaradan Michel and 1 other
Documentsfilings and deeds
20-04-202610 days before the deadline
2025financial year
Gross margin from -€41,364 to -€59,729Debts from €152,238 to €125,281Cash from €114,018 to €499,461
Key points
from the 2025 annual accountsChecked score
95
Excellent
Financially stronger than 60% of small companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
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 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: 0.1%▲ +0.1 percentage points vs 03-2026highest value
05-2026: < 0.1%▼ -0.1 percentage points vs 04-2026lowest value
06-2026: < 0.1%● unchanged vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
No main activity registered
lowers risk
Size: total assets €8.3m
Figures for financial year 2025 (filed on 25-04-2026)
Equity €8.1m (98.5% of total assets)
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 (no NACE code, small). It does better than 82% of them on solvency, 78% on liquidity, 15% on profitability and 65% on growth.
The bankruptcy probability was computed on 05-11-2026 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 30-09-2025.
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, 544 companies had the same profile as INVESTAPLASTS has now. Each dot stands for 2 companies, two years later.
93.6%
were still trading
5.9%
stopped another way
0.2%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of INVESTAPLASTS itself: < 0.1% 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 544 companies, not a prediction for INVESTAPLASTS. 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 €750,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 60.65 (47.9 in 2024), above the usual 1.5. Short-term debt is 1.5% and cash 6% of total assets. 1.5% 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
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-04-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 days early
2024
5 days early
2023
on the day
2022
3 days early
2021
25 days early
2020
on the day
2019
3 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 7 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 25 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end06-11-2026 today30-04-2027 deadline
Board and ownership
MM
Maradan Michel
Director
PM
Perrin Marie-Ange
Director
Shares in 2 companies, LBMJ and Crokan Didienne LTDA EPP
Board & ownershipRecent changes
First establishment
Rue du Follet 10, Tournai
Incorporation
published on 24-05-2007 · Gazette deed
Official details
Source: KBO- Status
- Active since 07-05-2007Normal situation
- Registered office
- 52 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.164.435.8287540 Tournai, since 20-08-2007
- Financial year end
- 30 September
- Peppol
- Not found in the Peppol Directory
Annual accounts to 30-09-2025
- Total assets
- €8.3m▲ 3.7%
- Filing
- Filed on 20-04-2026, 10 days before the end of the filing period
Insights on INVESTAPLASTS
The gross margin has fallen every year since 2020.
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 INVESTAPLASTS
- What is the company number of INVESTAPLASTS?
- The company number of INVESTAPLASTS is 0889.422.197. The VAT number is the same number with BE in front: BE 0889.422.197.
- Where is INVESTAPLASTS based?
- The registered office is at Rue du Follet 10, 7540 Tournai.Company details
- What is the legal form of INVESTAPLASTS?
- INVESTAPLASTS is a public limited company (NV).
- When was INVESTAPLASTS founded?
- INVESTAPLASTS was founded on 07-05-2007.
- Is INVESTAPLASTS still active?
- Yes, INVESTAPLASTS is an active enterprise in the KBO register.
- What is the turnover of INVESTAPLASTS?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is INVESTAPLASTS profitable?
- In financial year 2025, INVESTAPLASTS made a profit of €320,613.
- Where can I find the annual accounts of INVESTAPLASTS?
- INVESTAPLASTS filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of INVESTAPLASTS due?
- INVESTAPLASTS must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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