Equity
€31,363 from €86,193 in 2023
Equity fell by 64% in 2 years.
PL Projects
Lifetime
5 annual accounts with figures on one time axispeak €67,837 (2021)
€42,514▲ 62.6%
peak €44,228 (2021)
€29,557▲ 134%
peak €86,193 (2023)
€31,363▼ 7.2%
€26,461▲ 123%
Board1 name since 2020
1 directorLINTHOUT Pieter Maria Gaston
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Gross margin from €26,142 to €42,514Result from €12,613 to €29,557Dividend €32,000Debts from €11,875 to €26,461
Key points
from the 2025 annual accountsChecked score
96
Excellent
Financially stronger than 68% of micro companies in real estate (NACE 68)
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: 0.2% across 26,627 companies (NACE 68, micro).
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 12-2024lowest value
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%▲ +0.1 percentage points 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%▼ -0.1 percentage points vs 01-2026
03-2026: 0.1%▲ +0.1 percentage points 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: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 1.95, cash €19,839
Sector: Real estate activities (NACE 68)
Figures for financial year 2025 (filed on 31-07-2026)
Equity €31,363 (54.2% 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 (NACE 68, micro). It does better than 67% of them on solvency, 80% on liquidity, 95% on profitability and 31% on growth.
The bankruptcy probability was computed on 10-11-2026 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, 26,972 companies had the same profile as PL Projects has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PL Projects itself is lower: 0.1% within 12 months. It rests on far more data about PL Projects than the profile alone.
Test of the method
The method was tested on the 497,448 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 26,972 companies, not a prediction for PL Projects. 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 €3,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.95 (3.3 in 2024), above the usual 1.5. Short-term debt is 45.8% and cash 34.3% of total assets. 45.8% 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
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
31 days early
2023
36 days early
2022
32 days early
2021
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 26 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 29 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0753533711
Incorporation
Founding capital of €1,000, 100 shares · Founder: LINTHOUT Pieter Maria Gaston · Appointment: LINTHOUT Pieter Maria Gaston (director) · published on 03-09-2020 · Gazette deed
First establishment
Doorn 4, Beveren-Kruibeke-Zwijndrecht
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PL Projects Beveren-Kruibeke-Zwijndrecht | €57,825 | €42,514 | 54.2% | - |
| GREMA PROJECTS Geraardsbergen | €54,743 | €34,248 | 44.3% | - |
| D&A Vastgoed Sint-Niklaas | €65,293 | €31,459 | 86.8% | - |
| DAVID FLEURY & CIE Uccle | €49,086 | €43,239 | 85.7% | - |
| LUNGU Deerlijk | €52,982 | €63,137 | -119.4% | - |
| GROUP AD+ Herentals | €59,116 | €26,412 | 56.3% | - |
| Yannick Buyckx Ravels | €58,054 | €37,595 | 10.3% | - |
These companies have the same main activity as PL Projects: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €49,100 and €65,300, founded between 2019 and 2021.
Official details
Source: KBO- Status
- Active since 01-09-2020Normal situation
- Activity
- Development of residential building projectsNACE 68121and 4 others
- Establishment unit
- 2.306.362.5659150 Beveren-Kruibeke-Zwijndrecht, since 01-09-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 18-11-2025
Annual accounts 2025
- €57,825▲ 26.6%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on PL Projects
PL Projects files the micro format. That format states no turnover. The gross margin fell from €67,837 in 2021 to €42,514 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 Projects
- What is the company number of PL Projects?
- The company number of PL Projects is 0753.533.711. The VAT number is the same number with BE in front: BE 0753.533.711.
- Where is PL Projects based?
- The registered office is at Doorn 4, 9150 Beveren-Kruibeke-Zwijndrecht.Company details
- What does PL Projects do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of PL Projects?
- PL Projects is a private limited company (BV).
- When was PL Projects founded?
- PL Projects was founded on 01-09-2020.
- Is PL Projects still active?
- Yes, PL Projects is an active enterprise in the KBO register.
- What is the turnover of PL Projects?
- The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €42,514 and 32 comparable companies (NACE 681). It probably lies between €64,000 and €240,000.Financials
- Is PL Projects profitable?
- In financial year 2025, PL Projects made a profit of €29,557.
- Where can I find the annual accounts of PL Projects?
- PL Projects filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PL Projects due?
- PL Projects must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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