Equity
€4.8m ▲ 18.5%
PL CONSTRUCT has made a profit in every financial year since 2009.
PL CONSTRUCT
Lifetime
17 annual accounts with figures on one time axispeak €1.1m (2025)
€1.1m▲ 4.4%
peak €748,511 (2025)
€748,511▲ 25.4%
peak €4.8m (2025)
€4.8m▲ 18.5%
€10.3m▲ 59.7%
peak 0 FTE (2023)
0 FTE
Board1 name since 2021
1 directorLowagie Peter
Documentsfilings and deeds
21-08-202621 days late
2025abbreviated format
Result from €596,666 to €748,511Equity from €4.1m to €4.8mDebts from €6.4m to €10.3mCash from €426,328 to €76,091
Key points
from the 2025 annual accountsResult
€748,511 ▲ 25.4%
The result rose in 2025 from €596,666 to €748,511.
Turnover
≈ €1.9m estimated
The abbreviated format states no turnover.
Debts
€10.3m ▲ 59.7%
Debts rose by €3.8m in 2025.
Filings
17 annual accounts since 2009
Four of the last ten came late. The 2020 accounts came latest: 30 days after the end of the period.
Position in the sector
€748,511
Higher net result than 95% of companies in fishing and aquaculture. Sector median €841 · 57 companies.
Checked score
91
Excellent
Financially stronger than 54% of all companies
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: 0.7% across 2 companies (NACE 03, medium-sized).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: 0.1%▲ +0.1 percentage points 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%● 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: 0.3%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.2 percentage points 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 1.46, cash €76,091, halved
Sector: Fishing and aquaculture (NACE 03)
lowers risk
Size: total assets €15.1m
Founded in 2008
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 (all companies). It does better than 46% of them on solvency, 11% on liquidity, 75% on profitability and 81% on growth.
The bankruptcy probability was computed on 08-11-2026 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, 544 companies had the same profile as PL CONSTRUCT 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 PL CONSTRUCT itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 PL CONSTRUCT. 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 €430,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.46 (1.62 in 2024), below the usual 1.5. Short-term debt is 68% and cash 0.5% of total assets. 68.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
21 days late
2024
126 days early
2023
79 days early
2022
44 days early
2021
33 days early
2020
30 days late
2019
51 days early
← 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 40 days before the deadline. In the sector (NACE 03), the median for financial year 2024 was 10 days after the deadline, and 55% 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 17 June (4 of the last 5 accounts filed within 65 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Environmental permit granted
Ontbossen · De Panne
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0808753930
Environmental permit refused
Bouwen of herbouwen, Slopen van niet vrijstaande gebouwen of constructies · Provincie West-Vlaanderen
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Slopen van niet vrijstaande gebouwen of constructies · De Panne
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PL CONSTRUCT De Panne | €15.1m | €1.1m | 31.9% | 0 |
| REDERIJ DE VIERTORRE Ostend | €4.4m | €1.5m | 58.6% | - |
| DEO VOLENTE Ostend | €2.3m | €0.2m | 65.2% | - |
| WHITE HORSE Bruges | €2.1m | €0.3m | 48.9% | - |
| ZEEVONK Bredene | €1.7m | €0.4m | 33.0% | - |
| THOR Nieuwpoort | €2.4m | €0.5m | 83.4% | 4 |
| IRINA'S Knokke-Heist | €8.8m | €1.6m | 27.2% | 8.2 |
These companies have the same main activity as PL CONSTRUCT: fishing and aquaculture (NACE 03110). They are comparable in size and age: total assets between €1.7m and €8.8m, founded between 1985 and 2018.
Official details
Source: KBO- Status
- Active since 29-12-2008Normal situation
- Activity
- Fishing and aquacultureNACE 03110and 3 others
- Establishment unit
- 2.176.330.1078660 De Panne, since 09-02-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Insights on PL CONSTRUCT
PL CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin rose from €19,847 in 2009 to €1.1m 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 PL CONSTRUCT
- What is the company number of PL CONSTRUCT?
- The company number of PL CONSTRUCT is 0808.753.930. The VAT number is the same number with BE in front: BE 0808.753.930.
- Where is PL CONSTRUCT based?
- The registered office is at Egelantierlaan 22, 8660 De Panne.Company details
- What does PL CONSTRUCT do?
- According to the KBO register, the main activity is fishing and aquaculture (NACE 03110).
- What is the legal form of PL CONSTRUCT?
- PL CONSTRUCT is a private limited company (BV).
- When was PL CONSTRUCT founded?
- PL CONSTRUCT was founded on 29-12-2008.
- Is PL CONSTRUCT still active?
- Yes, PL CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of PL CONSTRUCT?
- The turnover in financial year 2025 is ≈ €1.9m. This figure is estimated from the gross margin of €1.1m and 1,585 comparable companies of the same size. It probably lies between €1.3m and €3.2m. It is a rough estimate.Financials
- Is PL CONSTRUCT profitable?
- In financial year 2025, PL CONSTRUCT made a profit of €748,511.
- Where can I find the annual accounts of PL CONSTRUCT?
- PL CONSTRUCT filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PL CONSTRUCT due?
- PL CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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