Placebo
ActiveSummary
Placebo has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €667,787 and a net result of €91,420. Equity remains stable across the filed fiscal years (±1.8% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▲+3
Solvency58▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity short (current ratio 0.09 against 0.08 in 2023; short-term debt: 51.2% and cash: 1.1% of total assets), and 66.6% 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
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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €667,787
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
359 d late
2022
71 d late
2021
53 d early
2020
60 d early
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 83 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€667,787▲ 15.9%
2023 · €576,367
Total assets
€2.0m▲ 1.3%
2023 · €2.0m
Net result
€91,420▲ 227%
2023 · €27,986
Working capital
-€931,543▲ 1.0%
2023 · -€940,522
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€0.01m€0.08m€0.007m▼ 90.9%€0.04m▲ 490%€0.1m▲ 239%
Net result-€0.05m=€0.06m-€0.008m€0.03m€0.09m▲ 227%
Equity€0.5m▼ 8.4%€0.6m▲ 12.3%€0.5m▼ 1.5%€0.6m▲ 5.1%€0.7m▲ 15.9%
Total assets€2.0m=€2.0m▼ 2.4%€2.0m▲ 1.2%€2.0m▼ 0.4%€2.0m▲ 1.3%
Debt€1.5m=€1.4m▼ 6.7%€1.4m▲ 2.5%€1.4m▼ 2.4%€1.3m▼ 6.5%
Working capital-€0.8m▼ 4.8%-€0.8m▼ 3.7%-€0.9m▼ 10.2%-€0.9m▼ 2.8%-€0.9m▲ 1.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 239% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.9m ▲ 0.9%
Current assets
€92,272 ▲ 10.3%
Equity and liabilities €2.0m
Equity
€667,787 ▲ 15.9%
Provisions
€60,772 ▲ 54.8%
Debt
€1.3m ▼ 6.5%
Debt's share of the balance-sheet total falls from 68.8% to 63.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€210,757▲
2023 · €98,051
Cash flow
€163,420▲
2023 · €85,062
Current ratio
0.09▲
2023 · 0.08
Debt to equity
1.90▼
2023 · 2.36
ROE
13.7%▲
2023 · 4.9%
ROA
4.6%▲
2023 · 1.4%
Interest coverage
18.56▲
2023 · 6.76
Debt ≤ 1 year
€1.0m=
2023 · €1.0m
Debt > 1 year
€239,047▼
2023 · €322,798
Income taxes
€16,615▲
2023 · €783
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,732 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €37,914 | €0 | - | €162,603 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,658 | €49,383 | €58,297 | €57,076 | €72,000 | ▲ 26.1% |
| Other operating charges640/8 | - | €21,264 | €31,719 | €29,620 | €31,469 | ▲ 6.2% |
| Non-recurring operating charges66A | - | - | €2,700 | €0 | - | - |
| Gross operating margin9900 | €95,801 | €146,964 | €99,660 | €127,671 | €242,226 | ▲ 89.7% |
| Operating profit (loss)9901 | -€12,153 | €76,317 | €6,945 | €40,975 | €138,757 | ▲ 239% |
| Financial income75/76B | - | €53 | €0 | €345 | €2,154 | ▲ 523% |
| Recurring financial income75 | €1,014 | €53 | €0 | €345 | €2,154 | ▲ 523% |
| Financial charges65/66B | - | €16,927 | €16,735 | €14,498 | €11,354 | ▼ 21.7% |
| Recurring financial charges65 | €36,305 | €16,927 | €16,735 | €14,498 | €11,354 | ▼ 21.7% |
| Profit (loss) for the period before taxes9903 | -€47,444 | €59,443 | -€9,790 | €26,823 | €129,557 | ▲ 383% |
| Transfer from deferred taxes780 | - | €2,005 | €1,960 | €1,947 | €2,891 | ▲ 48.5% |
| Transfer to deferred taxes680 | - | - | - | - | €24,413 | - |
| Income taxes67/77 | €414 | €359 | €380 | €783 | €16,615 | ▲ 2,022% |
| Profit (loss) for the period9904 | -€45,487 | €61,088 | -€8,210 | €27,986 | €91,420 | ▲ 227% |
| Transfer from tax-exempt reserves789 | - | €6,014 | €5,881 | €5,840 | €8,673 | ▲ 48.5% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €73,239 | - |
| Profit (loss) for the period to be appropriated9905 | -€39,840 | €67,102 | -€2,330 | €33,826 | €26,853 | ▼ 20.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | ▲ 1.3% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €2.0m | €1.9m | €1.9m | €1.9m | €1.9m | ▲ 0.9% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €2.0m | €1.9m | €1.9m | €1.9m | €1.9m | ▲ 0.9% |
| Land and buildings22 | - | €1.9m | €1.9m | €1.9m | €1.9m | ▲ 0.9% |
| Plant, machinery and equipment23 | - | €293 | €0 | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.001m | €469 | ▼ 34.8% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €0.04m | €0.03m | €0.06m | €0.08m | €0.09m | ▲ 10.3% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.01m | €0.02m | €0.02m | €0.03m | €0.06m | ▲ 90.4% |
| Trade receivables40 | - | €0.02m | €0.02m | €0.004m | €0.004m | ▼ 18.7% |
| Other amounts receivable41 | - | - | - | €0.03m | €0.06m | ▲ 108% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.03m | €0.001m | €0.002m | €0.005m | €0.02m | ▲ 297% |
| Deferred charges and accrued income490/1 | - | €0.007m | €0.04m | €0.05m | €0.01m | ▼ 79.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | ▲ 1.3% |
| Equity10/15 | €0.5m | €0.6m | €0.5m | €0.6m | €0.7m | ▲ 15.9% |
| Contributions10/11 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Capital10 | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Issued capital100 | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 35.4% |
| Non-distributable reserves130/1 | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Legal reserve130 | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Tax-exempt reserves132 | - | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 54.8% |
| Distributable reserves133 | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | -€0.2m | -€0.1m | -€0.1m | -€0.1m | -€0.08m | ▲ 26.3% |
| Provisions and deferred taxes16 | €0.06m | €0.04m | €0.04m | €0.04m | €0.06m | ▲ 54.8% |
| Deferred taxes168 | - | €0.04m | €0.04m | €0.04m | €0.06m | ▲ 54.8% |
| Amounts payable17/49 | €1.5m | €1.4m | €1.4m | €1.4m | €1.3m | ▼ 6.5% |
| Amounts payable after more than one year17 | €0.6m | €0.5m | €0.4m | €0.3m | €0.2m | ▼ 25.9% |
| Financial debts170/4 | - | €0.5m | €0.4m | €0.3m | €0.2m | ▼ 25.9% |
| Amounts payable within one year42/48 | €0.8m | €0.9m | €1.0m | €1.0m | €1.0m | = |
| Current portion of amounts payable after more than one year42 | - | €0.08m | €0.1m | €0.1m | €0.08m | ▼ 18.7% |
| Financial debts43 | - | €0.01m | - | - | - | - |
| Credit institutions430/8 | - | €0.01m | - | - | - | - |
| Trade debts44 | €0.07m | €0.009m | €0.04m | €0.07m | €0.09m | ▲ 22.5% |
| Suppliers440/4 | - | €0.009m | €0.04m | €0.07m | €0.09m | ▲ 22.5% |
| Taxes, remuneration and social security45 | - | €359 | €0.001m | €0.001m | €0.02m | ▲ 1,396% |
| Taxes450/3 | - | €359 | €0.001m | €0.001m | €0.02m | ▲ 1,396% |
| Other amounts payable47/48 | - | €0.8m | €0.8m | €0.8m | €0.8m | ▼ 1.6% |
| Accrued charges and deferred income492/3 | - | €0.01m | €0.01m | €0.01m | €0.007m | ▼ 34.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€45,487 | €61,088 | -€8,210 | €27,986 | €91,420 | ▲ 227% |
| + Depreciation and write-downs630 | €51,658 | €49,383 | €58,297 | €57,076 | €72,000 | ▲ 26.1% |
| Operating cash flow (approximation) | €6,171 | €110,471 | €50,087 | €85,062 | €163,420 | ▲ 92.1% |
| Investment in fixed assets (approximation) | - | -€8,717 | -€52,182 | -€27,964 | -€88,596 | ▼ 217% |
| Change in cash | - | -€28,001 | €1,535 | €3,233 | €15,893 | ▲ 392% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 359 days late
2024
31-12
Financial
Highest result since 2018net €91,420 ▲227%
Operating result €138,757, net result €91,420, both a record.
2023
31-12
Financial
Back to profitnet €27,986
Net result €27,986 after one loss-making year.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €61,088
Net result €61,088 after 3 loss-making years.
31-12
Financial
Equity above €500,000Eq €556,591 ▲12.3%
Equity rises from €495,718 to €556,591.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
16-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 108 days late
2016
20-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 81 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kapelle-op-den-Bos · 1 establishment unit since 1982
Ground area
574 m²
Building footprint
146 m²
Volume, LiDAR
794 m³
Parcel 23056B0333/00G002, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Vroonbaan 40, 1880 Kapelle-op-den-Bos
since 1982unit no. 2.020.049.051
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23056B0333/00G002 | Flanders | 574 m² | 1 · 146 m² | 8.2 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.
Company details
Identification
Legal formPublic limited company
Founded09-12-1981
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0422239119
Registered
28-09-2026
New in the register since 29 September 2026.
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.