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PL Projects

Active
Private limited companyfounded 20179 yrs activeHoogmolenstraat 125, 8790 Waregem, BelgiumKBO/BCE: BE 0668.712.357
Summary

PL Projects has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €386,468 and a net result of €62,537. Equity is growing by ~39.4% per year across the filed fiscal years. Its solvency ranks better than 45% of 33943 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisWatch ReportCompare
PL ProjectsActiveChecked score 71/100
Risk analysis ReportCompare

Overview

Activity
Other specialised construction activities
NACE 43990NACE 43999
2 sites
Size
€905,919total assets 2025
Equity
€386,468
Profit
€62,537
Turnover not published (abridged schema)
Financial health
71 Healthy Checked score 2025
Bankruptcy chance 12 m
0.6%
Structure
Accounts 1 d early1 of 3 deeds read
Why 71- Liquidity: current ratio 0.65, cash €3,925, halved- Sector Specialised construction activities (NACE 43)- 2 establishment units+ Size: total assets €905,919Show the evidence

Checked score

Score 2025
71 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 50% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 68+6
equity 42.7% of total assets
Liquidity 46-17
short-term debt 17.0% · cash 0.4%
Profitability 77-2
return on assets 6.9%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,513 companies)
Last 24 months 11-2024: 1.4%highest value 12-2024: 0.2%▼ -85.3% vs 11-2024 01-2025: 0.2%● 0.0% vs 12-2024 02-2025: 0.2%▼ -13.3% vs 01-2025 03-2025: 0.2%● 0.0% vs 02-2025 04-2025: 0.2%▼ -0.5% vs 03-2025 05-2025: 0.2%▼ -10.4% vs 04-2025lowest value 06-2025: 0.2%▲ +3.7% vs 05-2025 07-2025: 0.2%▲ +13.0% vs 06-2025 08-2025: 0.2%▲ +6.8% vs 07-2025 09-2025: 0.2%▲ +20.6% vs 08-2025 10-2025: 0.3%▲ +32.9% vs 09-2025 11-2025: 0.6%▲ +88.4% vs 10-2025 12-2025: 0.4%▼ -32.0% vs 11-2025 01-2026: 0.4%● 0.0% vs 12-2025 02-2026: 0.4%● 0.0% vs 01-2026 03-2026: 0.4%● 0.0% vs 02-2026 04-2026: 0.4%● 0.0% vs 03-2026 05-2026: 0.4%▲ +1.2% vs 04-2026 06-2026: 0.4%▼ -4.0% vs 05-2026 07-2026: 0.5%▲ +11.8% vs 06-2026 08-2026: 0.5%▲ +4.2% vs 07-2026 09-2026: 0.5%▲ +3.6% vs 08-2026 10-2026: 0.6%▲ +17.9% vs 09-2026
  • Size: total assets €905,919 lowers the probability for this profile
  • Liquidity: current ratio 0.65, cash €3,925, halved raises the probability
  • Sector Specialised construction activities (NACE 43) raises the probability
  • 2 establishment units raises the probability
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.65 against 1.02 in 2024; short-term debt: 17% and cash: 0.4% of total assets), and 57.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 46%, liquidity 37%, profitability 54%, growth against the median 65%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €905,919
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.65, cash €3,925, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Specialised construction activities (NACE 43)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · 2 establishment units
In the bankruptcy model this factor raises the probability.
KBO · seat and establishments
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
1 d early
2024
1 d early
2023
6 d late
2022
28 d early
2021
30 d early
2020
2 d early
2019
55 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 30 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close06-10-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Resignation: Lieze Van Gent (non-statutory director)Director discharge
  2. Annual accounts filedfiscal year 2025 · micro…
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Positive: Among the best 6% on equitysector median €57,672 · 33,955 companies €386,468 View
  • Positive: 7 profitable years in a rowprofit 2025: €62,537 7 years View
  • A director leftlatest change 05-02-2026 · 0 in office 1 left View

By topic

Financials

Fiscal year
2025
Total assets
€905,919
Profit
€62,537
Solvency
42.7%
Total assets▲ 1.7%
Net result
20192025
Go to Financials

Timeline

Events
13
Since
2018
Next accounts
by 31-10-2026
  1. 05-02-2026Resignation: Lieze Van Gent (non-statutory director)
  2. 30-10-2025Annual accounts filed
  3. 30-10-2024Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Other specialised construction activitiesNACE 43990
Founded
04-01-2017
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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