PL CONSTRUCT
ActiveSummary
PL CONSTRUCT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.80M and a net result of €749k. Equity is growing by ~20.6% per year across the filed fiscal years. Its solvency ranks better than 30% of 46 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+19
Solvency57▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280k at 30 days acceptable
Liquidity tight (current ratio 1.46 against 1.62 in 2024; short-term debt: 68% and cash: 0.5% of total assets), and 68.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 03
Relative position
BE, all sectors
reference
Fishing and aquaculture (NACE 03)
about 57% more bankruptcies
← 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
31.9%
Return on assets
5%
Age of the figures
9 mo
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
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
21 d late
2024
126 d early
2023
79 d early
2022
44 d early
2021
33 d early
2020
30 d late
2019
51 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€4.80M▲ 18.5%
2024 · €4.06M
2018: €814klowest in 8 years
2019: €1.40M▲ +71.3% vs 2018
2020: €1.81M▲ +29.7% vs 2019
2021: €2.41M▲ +33.3% vs 2020
2022: €2.92M▲ +21.0% vs 2021
2023: €3.46M▲ +18.5% vs 2022
2024: €4.06M▲ +17.2% vs 2023
2025: €4.80M▲ +18.5% vs 2024highest in 8 years
2018 → 2025
Total assets
€15.07M▲ 43.7%
2024 · €10.48M
2018: €3.34M
2019: €3.32M▼ -0.7% vs 2018lowest in 8 years
2020: €4.03M▲ +21.6% vs 2019
2021: €5.80M▲ +43.8% vs 2020
2022: €7.43M▲ +28.2% vs 2021
2023: €7.18M▼ -3.4% vs 2022
2024: €10.48M▲ +46.0% vs 2023
2025: €15.07M▲ +43.7% vs 2024highest in 8 years
2018 → 2025
Net result
€749k▲ 25.4%
2024 · €597k
2018: €580k
2019: €581k▲ +0.2% vs 2018
2020: €415k▼ -28.6% vs 2019lowest in 8 years
2021: €603k▲ +45.2% vs 2020
2022: €506k▼ -16.0% vs 2021
2023: €540k▲ +6.6% vs 2022
2024: €597k▲ +10.6% vs 2023
2025: €749k▲ +25.4% vs 2024highest in 8 years
2018 → 2025
Working capital
€4.72M▲ 19.6%
2024 · €3.95M
2018: €892klowest in 8 years
2019: €1.26M▲ +41.2% vs 2018
2020: €1.64M▲ +30.3% vs 2019
2021: €2.28M▲ +39.1% vs 2020
2022: €2.84M▲ +24.4% vs 2021
2023: €3.28M▲ +15.8% vs 2022
2024: €3.95M▲ +20.2% vs 2023
2025: €4.72M▲ +19.6% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.41M-€2.92M▲ 21.0%€3.46M▲ 18.5%€4.06M▲ 17.2%€4.80M▲ 18.5%
2021: €2.41Mlowest in 5 years
2022: €2.92M▲ +21.0% vs 2021
2023: €3.46M▲ +18.5% vs 2022
2024: €4.06M▲ +17.2% vs 2023
2025: €4.80M▲ +18.5% vs 2024highest in 5 years
Operating result€777k-€652k▼ 16.1%€460k▼ 29.4%€1.04M▲ 125%€1.04M▲ 0.5%
2021: €777k
2022: €652k▼ -16.1% vs 2021
2023: €460k▼ -29.4% vs 2022lowest in 5 years
2024: €1.04M▲ +125% vs 2023
2025: €1.04M▲ +0.5% vs 2024highest in 5 years
Net result€603k-€506k▼ 16.0%€540k▲ 6.6%€597k▲ 10.6%€749k▲ 25.4%
2021: €603k
2022: €506k▼ -16.0% vs 2021lowest in 5 years
2023: €540k▲ +6.6% vs 2022
2024: €597k▲ +10.6% vs 2023
2025: €749k▲ +25.4% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.07M
Fixed assets
€97k ▼ 26.1%
Current assets
€14.97M ▲ 44.6%
Equity and liabilities €15.07M
Equity
€4.80M ▲ 18.5%
Debt
€10.26M ▲ 59.7%
Debt's share of the balance-sheet total rises from 61.3% to 68.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.08M▲
2024 · €1.08M
Cash flow
€791k▲
2024 · €640k
Current ratio
1.46▼
2024 · 1.62
Quick ratio
0.85▼
2024 · 0.98
Debt to equity
2.14▲
2024 · 1.58
ROE
15.6%▲
2024 · 14.7%
ROA
5.0%▼
2024 · 5.7%
Interest coverage
7.92▲
2024 · 3.56
Debt ≤ 1 year
€10.25M▲
2024 · €6.40M
Income taxes
€244k▲
2024 · €232k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€10.48M€15.07M▲
Fixed assets21/28€131k€97k▼
Intangible fixed assets21€6k€4k▼
Tangible fixed assets22/27€126k€91k▼
Plant, machinery and equipment23€2k€956▼
Furniture and vehicles24€94k€74k▼
Other tangible fixed assets26€29k€16k▼
Financial fixed assets28-€3k
Current assets29/58€10.35M€14.97M▲
Stocks and contracts in progress3€4.06M€6.21M▲
Stocks30/36€4.06M€6.21M▲
Amounts receivable within one year40/41€5.71M€8.50M▲
Trade receivables40€29k€272k▲
Other amounts receivable41€5.68M€8.23M▲
Current investments50/53€142k€157k▲
Cash at bank and in hand54/58€426k€76k▼
Deferred charges and accrued income490/1€17k€23k▲
Equity and liabilities
Total equity and liabilities10/49€10.48M€15.07M▲
Equity10/15€4.06M€4.80M▲
Contributions10/11€20k€20k=
Reserves13€4.04M€4.78M▲
Tax-exempt reserves132€244k€560k▲
Distributable reserves133€3.79M€4.22M▲
Amounts payable17/49€6.43M€10.26M▲
Amounts payable within one year42/48€6.40M€10.25M▲
Financial debts43€854k€3.00M▲
Credit institutions430/8€854k€3.00M▲
Trade debts44€106k€40k▼
Suppliers440/4€106k€40k▼
Advances received on contracts in progress46€5.06M€6.96M▲
Taxes, remuneration and social security45€137k€57k▼
Taxes450/3€137k€57k▼
Other amounts payable47/48€245k€184k▼
Accrued charges and deferred income492/3€24k€16k▼
Income statement
Code20242025
Non-recurring operating income76A€16k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€42k▼
Other operating charges640/8€5k€49k▲
Non-recurring operating charges66A€414€0▼
Gross operating margin9900€1.08M€1.13M▲
Operating profit (loss)9901€1.04M€1.04M▲
Financial income75/76B€96k€88k▼
Recurring financial income75€96k€88k▼
Financial charges65/66B€303k€137k▼
Recurring financial charges65€303k€137k▼
Profit (loss) for the period before taxes9903€829k€992k▲
Income taxes67/77€232k€244k▲
Profit (loss) for the period9904€597k€749k▲
Transfer to tax-exempt reserves689€244k€316k▲
Profit (loss) for the period to be appropriated9905€352k€433k▲
Appropriation of the result
Profit (loss) to be appropriated9906€352k€433k▲
Transfer to equity691/2€352k€433k▲
To other reserves6921€352k€433k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3k | €22k | €29k | €16k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39k | €34k | €40k | €43k | €42k | ▼ 2.9% |
| Other operating charges640/8 | €26k | €18k | €19k | €5k | €49k | ▲ 929% |
| Non-recurring operating charges66A | - | €18k | €89 | €414 | €0 | ▼ 100% |
| Gross operating margin9900 | €842k | €723k | €519k | €1.08M | €1.13M | ▲ 4.4% |
| Operating profit (loss)9901 | €777k | €652k | €460k | €1.04M | €1.04M | ▲ 0.5% |
| Financial income75/76B | €90k | €118k | €471k | €96k | €88k | ▼ 8.4% |
| Recurring financial income75 | €90k | €118k | €471k | €96k | €88k | ▼ 8.4% |
| Financial charges65/66B | €55k | €86k | €206k | €303k | €137k | ▼ 54.9% |
| Recurring financial charges65 | €55k | €86k | €206k | €303k | €137k | ▼ 54.9% |
| Profit (loss) for the period before taxes9903 | €811k | €684k | €725k | €829k | €992k | ▲ 19.8% |
| Income taxes67/77 | €209k | €177k | €186k | €232k | €244k | ▲ 5.1% |
| Profit (loss) for the period9904 | €603k | €506k | €540k | €597k | €749k | ▲ 25.4% |
| Transfer to tax-exempt reserves689 | - | - | - | €244k | €316k | ▲ 29.3% |
| Profit (loss) for the period to be appropriated9905 | €603k | €506k | €540k | €352k | €433k | ▲ 22.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.80M | €7.43M | €7.18M | €10.48M | €15.07M | ▲ 43.7% |
| Fixed assets21/28 | €137k | €88k | €175k | €131k | €97k | ▼ 26.1% |
| Intangible fixed assets21 | €11k | €9k | €8k | €6k | €4k | ▼ 33.3% |
| Tangible fixed assets22/27 | €126k | €78k | €167k | €126k | €91k | ▼ 27.7% |
| Plant, machinery and equipment23 | €4k | €6k | €4k | €2k | €956 | ▼ 60.4% |
| Furniture and vehicles24 | €29k | €16k | €120k | €94k | €74k | ▼ 21.4% |
| Other tangible fixed assets26 | €93k | €57k | €43k | €29k | €16k | ▼ 45.4% |
| Financial fixed assets28 | - | €600 | €0 | - | €3k | - |
| Current assets29/58 | €5.66M | €7.34M | €7.01M | €10.35M | €14.97M | ▲ 44.6% |
| Stocks and contracts in progress3 | €3.15M | €5.15M | €4.14M | €4.06M | €6.21M | ▲ 53.0% |
| Stocks30/36 | €3.15M | €5.15M | €4.14M | €4.06M | €6.21M | ▲ 53.0% |
| Amounts receivable within one year40/41 | €1.41M | €1.76M | €956k | €5.71M | €8.50M | ▲ 49.0% |
| Trade receivables40 | €69k | €107k | €36k | €29k | €272k | ▲ 827% |
| Other amounts receivable41 | €1.35M | €1.65M | €920k | €5.68M | €8.23M | ▲ 45.0% |
| Current investments50/53 | - | - | €697k | €142k | €157k | ▲ 10.8% |
| Cash at bank and in hand54/58 | €1.08M | €423k | €1.19M | €426k | €76k | ▼ 82.2% |
| Deferred charges and accrued income490/1 | €15k | €17k | €20k | €17k | €23k | ▲ 33.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.80M | €7.43M | €7.18M | €10.48M | €15.07M | ▲ 43.7% |
| Equity10/15 | €2.41M | €2.92M | €3.46M | €4.06M | €4.80M | ▲ 18.5% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €2.39M | €2.90M | €3.44M | €4.04M | €4.78M | ▲ 18.5% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €244k | €560k | ▲ 129% |
| Distributable reserves133 | €2.39M | €2.90M | €3.44M | €3.79M | €4.22M | ▲ 11.4% |
| Amounts payable17/49 | €3.38M | €4.51M | €3.72M | €6.43M | €10.26M | ▲ 59.7% |
| Amounts payable within one year42/48 | €3.38M | €4.51M | €3.72M | €6.40M | €10.25M | ▲ 60.0% |
| Financial debts43 | €2.58M | €1.47M | €126k | €854k | €3.00M | ▲ 252% |
| Credit institutions430/8 | €2.58M | €1.47M | €126k | €854k | €3.00M | ▲ 252% |
| Trade debts44 | €543k | €703k | €846k | €106k | €40k | ▼ 62.1% |
| Suppliers440/4 | €543k | €703k | €846k | €106k | €40k | ▼ 62.1% |
| Advances received on contracts in progress46 | - | €2.12M | €2.41M | €5.06M | €6.96M | ▲ 37.6% |
| Taxes, remuneration and social security45 | €253k | €211k | €191k | €137k | €57k | ▼ 58.5% |
| Taxes450/3 | €253k | €211k | €191k | €137k | €57k | ▼ 58.5% |
| Other amounts payable47/48 | €2k | €7k | €145k | €245k | €184k | ▼ 24.9% |
| Accrued charges and deferred income492/3 | €5k | €6k | €449 | €24k | €16k | ▼ 35.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €603k | €506k | €540k | €597k | €749k | ▲ 25.4% |
| + Depreciation and write-downs630 | €39k | €34k | €40k | €43k | €42k | ▼ 2.9% |
| Operating cash flow (approximation) | €642k | €541k | €580k | €640k | €791k | ▲ 23.5% |
| Investment in fixed assets (approximation) | - | €15k | €-126k | €0 | €-8k | - |
| Change in cash | - | €-657k | €772k | €-768k | €-350k | ▲ 54.4% |
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
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
31-12
Financial
Highest result since 2018net €749k ▲25.4%
Operating result €1.04M, net result €749k, both a record.
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
13-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €2MEq €2.41M ▲33.3%
4 profitable years in a row build equity to €2.41M.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €415k ▼28.6%
Net result drops to €415k, the lowest in the series; recovery starts the following year.
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1MEq €1.40M ▲71.3%
2 profitable years in a row build equity to €1.40M.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, De Panne · 1 establishment unit since 2009
Ground area
1,227 m²
Building footprint
182 m²
Volume, LiDAR
1,160 m³
Parcel 38352D0468/00F000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
PL Construct
since 20092.176.330.107
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38352D0468/00F000 | Flanders | 1,227 m² | 1 · 182 m² | 10.2 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 213 EUR awarded · 213 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 213 EUR | 213 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
6994005PU6OAU7JZ2081
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Of 104 companies in sector 03110 we hold annual accounts for 76. 44 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
Founded29-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
03110Fishing and aquaculture
68121Development of residential building projects
68110Buying and selling of own real estate
68322Real estate appraisal on a fee or contract basis
Scores and ratios are computed by Checked and are not a credit decision.