PB Plus
ActiveSummary
PB Plus has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €17,134 and a net result of €16,047. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 19364 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▲+38
Solvency29▲+4
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.06 against 0.76 in 2023; short-term debt: 46.2% and cash: 14.5% of total assets), and 96% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
4%
Return on assets
3.8%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 19364 sector peers (2024).
NBB · sector comparisonPosition among 19364 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
44 d early
2022
42 d early
2021
62 d early
2020
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€17,134▲ 1,476%
2023 · €1,088
Total assets
€427,713▼ 5.3%
2023 · €451,813
Net result
€16,047
2023 · -€48,402
Working capital
€12,735
2023 · -€45,981
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
Operating result€845-€17,571▲ 1,980%€40,602▲ 131%-€35,778€46,240
Net result-€2,954-€12,813€27,129▲ 112%-€48,402€16,047
Equity€9,547-€34,859▲ 265%€61,988▲ 77.8%€1,088▼ 98.2%€17,134▲ 1,476%
Total assets€194,056-€180,769▼ 6.8%€238,396▲ 31.9%€451,813▲ 89.5%€427,713▼ 5.3%
Debt€184,508-€145,910▼ 20.9%€176,408▲ 20.9%€450,726▲ 156%€410,579▼ 8.9%
Working capital-€15,986--€40,711▼ 155%-€32,139▲ 21.1%-€45,981▼ 43.1%€12,735
Staff (FTE)1-2.2▲ 120%3▲ 36.4%5.9▲ 96.7%7▲ 18.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €46,240 after a loss of €35,778 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €427,713
Fixed assets
€217,335 ▼ 28.6%
Current assets
€210,379 ▲ 42.8%
Equity and liabilities €427,713
Equity
€17,134 ▲ 1,476%
Debt
€410,579 ▼ 8.9%
Debt's share of the balance-sheet total falls from 99.8% to 96.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€138,884▲
2023 · €42,351
Cash flow
€108,690▲
2023 · €29,727
Current ratio
1.06▲
2023 · 0.76
Debt to equity
23.96
ROE
93.7%
ROA
3.8%▲
2023 · -10.7%
Interest coverage
6.51▲
2023 · 3.60
Debt ≤ 1 year
€197,644▲
2023 · €193,326
Debt > 1 year
€211,950▼
2023 · €257,014
Income taxes
€9,115▲
2023 · €1,200
Staff costs
€301,319▲
2023 · €264,205
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €14,948 | - |
| Remuneration, social security and pensions62 | - | €74,783 | €114,727 | €264,205 | €301,319 | ▲ 14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,438 | €34,062 | €43,828 | €78,129 | €92,643 | ▲ 18.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €90 | €56 | -€63 | ▼ 213% |
| Other operating charges640/8 | - | €7,226 | €3,224 | €3,466 | €6,560 | ▲ 89.2% |
| Gross operating margin9900 | €34,545 | €133,642 | €202,472 | €310,078 | €446,699 | ▲ 44.1% |
| Operating profit (loss)9901 | €845 | €17,571 | €40,602 | -€35,778 | €46,240 | ▲ 229% |
| Financial income75/76B | - | €121 | €125 | €343 | €240 | ▼ 30.0% |
| Recurring financial income75 | €287 | €121 | €125 | €343 | €240 | ▼ 30.0% |
| Financial charges65/66B | - | €4,444 | €5,706 | €11,766 | €21,318 | ▲ 81.2% |
| Recurring financial charges65 | €3,945 | €4,444 | €5,706 | €11,766 | €21,318 | ▲ 81.2% |
| Profit (loss) for the period before taxes9903 | -€2,814 | €13,248 | €35,021 | -€47,202 | €25,162 | ▲ 153% |
| Income taxes67/77 | €140 | €435 | €7,892 | €1,200 | €9,115 | ▲ 660% |
| Profit (loss) for the period9904 | -€2,954 | €12,813 | €27,129 | -€48,402 | €16,047 | ▲ 133% |
| Profit (loss) for the period to be appropriated9905 | -€2,954 | €12,813 | €27,129 | -€48,402 | €16,047 | ▲ 133% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €194,056 | €180,769 | €238,396 | €451,813 | €427,713 | ▼ 5.3% |
| Formation expenses20 | €2,031 | €968 | €0 | - | - | - |
| Fixed assets21/28 | €124,632 | €138,129 | €155,878 | €304,468 | €217,335 | ▼ 28.6% |
| Intangible fixed assets21 | €120,044 | €132,897 | €152,110 | €278,308 | €202,370 | ▼ 27.3% |
| Tangible fixed assets22/27 | €3,787 | €4,000 | €2,536 | €24,928 | €14,965 | ▼ 40.0% |
| Plant, machinery and equipment23 | - | - | - | - | €1,821 | - |
| Furniture and vehicles24 | - | €4,000 | €2,536 | €24,928 | €13,143 | ▼ 47.3% |
| Financial fixed assets28 | €800 | €1,232 | €1,232 | €1,232 | €0 | ▼ 100% |
| Current assets29/58 | €67,393 | €41,672 | €82,518 | €147,345 | €210,379 | ▲ 42.8% |
| Amounts receivable after more than one year29 | - | - | €4,000 | €0 | - | - |
| Other amounts receivable291 | - | - | €4,000 | €0 | - | - |
| Amounts receivable within one year40/41 | €59,210 | €22,702 | €44,020 | €80,127 | €101,263 | ▲ 26.4% |
| Trade receivables40 | - | €21,616 | €43,320 | €52,545 | €93,102 | ▲ 77.2% |
| Other amounts receivable41 | - | €1,086 | €701 | €27,582 | €8,161 | ▼ 70.4% |
| Cash at bank and in hand54/58 | €367 | €5,990 | €18,743 | €51,560 | €61,822 | ▲ 19.9% |
| Deferred charges and accrued income490/1 | - | €12,981 | €15,754 | €15,658 | €47,294 | ▲ 202% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €194,056 | €180,769 | €238,396 | €451,813 | €427,713 | ▼ 5.3% |
| Equity10/15 | €9,547 | €34,859 | €61,988 | €1,088 | €17,134 | ▲ 1,476% |
| Contributions10/11 | - | €25,000 | €25,000 | €12,501 | €12,501 | = |
| Profit (loss) carried forward14 | -€2,954 | €9,859 | €36,988 | -€11,413 | €4,633 | ▲ 141% |
| Amounts payable17/49 | €184,508 | €145,910 | €176,408 | €450,726 | €410,579 | ▼ 8.9% |
| Amounts payable after more than one year17 | €101,129 | €63,466 | €61,751 | €257,014 | €211,950 | ▼ 17.5% |
| Financial debts170/4 | - | €59,282 | €61,751 | €252,568 | €208,055 | ▼ 17.6% |
| Other amounts payable178/9 | - | €4,184 | €0 | €4,446 | €3,895 | ▼ 12.4% |
| Amounts payable within one year42/48 | €83,379 | €82,384 | €114,657 | €193,326 | €197,644 | ▲ 2.2% |
| Current portion of amounts payable after more than one year42 | - | €39,461 | €44,436 | €54,183 | €54,513 | ▲ 0.6% |
| Financial debts43 | - | €90 | €1,388 | €464 | €7,857 | ▲ 1,594% |
| Credit institutions430/8 | - | €90 | €1,388 | €464 | €7,857 | ▲ 1,594% |
| Trade debts44 | €47,677 | €6,573 | €36,183 | €90,895 | €52,613 | ▼ 42.1% |
| Suppliers440/4 | - | €6,573 | €36,183 | €90,895 | €52,613 | ▼ 42.1% |
| Taxes, remuneration and social security45 | - | €36,261 | €32,571 | €47,784 | €82,662 | ▲ 73.0% |
| Taxes450/3 | - | €28,919 | €8,667 | €18,315 | €42,501 | ▲ 132% |
| Remuneration and social security454/9 | - | €7,342 | €23,903 | €29,468 | €40,161 | ▲ 36.3% |
| Other amounts payable47/48 | - | - | €80 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €61 | €0 | €386 | €985 | ▲ 155% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,954 | €12,813 | €27,129 | -€48,402 | €16,047 | ▲ 133% |
| + Depreciation and write-downs630 | €14,438 | €34,062 | €43,828 | €78,129 | €92,643 | ▲ 18.6% |
| Operating cash flow (approximation) | €11,484 | €46,875 | €70,957 | €29,727 | €108,690 | ▲ 266% |
| Investment in fixed assets (approximation) | - | -€47,559 | -€61,577 | -€226,719 | -€5,510 | ▲ 97.6% |
| Change in cash | - | €5,623 | €12,753 | €32,817 | €10,262 | ▼ 68.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €16,047
Net result €16,047 after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€48,402
Net result drops to -€48,402, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €27,129 ▲112%
Net result €27,129, the highest in the series.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €12,813
Net result €12,813 after one loss-making year.
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Gent · 1 establishment unit since 2019
Ground area
309 m²
Building footprint
215 m²
Volume, LiDAR
2,233 m³
Parcel 44816K0956/00V008, Flanders · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PB Plus
since 20192.296.024.543
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0956/00V008 | Flanders | 309 m² | 1 · 215 m² | 14.4 m · 4 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 16,971 EUR awarded · 16,971 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,670 EUR | 2,733 EUR |
| 2024 | 1 | 63 EUR | 0 EUR |
| 2023 | 2 | 11,160 EUR | 11,160 EUR |
| 2022 | 1 | 3,078 EUR | 3,078 EUR |
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Of 1,530 companies in sector 68322 we hold annual accounts for 740. 397 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68322Real estate appraisal on a fee or contract basis
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
82100Office administrative and support services
82990Other business support services
Contact
Website
www.pbplus.be
E-mail
info@pbplus.be
Scores and ratios are computed by Checked and are not a credit decision.