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PLAGEY

Active
Public limited companyfounded 199333 yrs activeMeiseselaan 113, 1020 Brussel, BelgiumKBO/BCE: BE 0450.232.032
Summary

PLAGEY has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €494,412 and a net result of €24,787. Equity is growing by ~4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability83▲+2
Solvency100=
Growth62=
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 30.39; short-term debt: 1.2% and cash: 1.1% of total assets), and 1.2% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
98.8%
Return on assets
5%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 27-04-2026, 95 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
95 d early
2024
72 d early
2023
91 d early
2022
89 d early
2021
75 d early
2020
87 d early
2019
86 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 85 days before 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 (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 months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 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

History

PLAGEY was incorporated on 1 June 1993.1 Revenue went from EUR 40,800 in 2018 to EUR 39,400 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
€39,400=
2024 · €39,400
EBIT margin
35.5%▲ 3.0pp
2024 · 32.5%
Net result
€24,787▲ 100%
2024 · €12,378
Working capital
€181,270
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
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
Line20212022202320242025
Turnover€40,800=€39,400▼ 3.4%€39,400=€39,400=€39,400=
Operating result€19,581▲ 40.0%€13,411▼ 31.5%€8,759▼ 34.7%€12,791▲ 46.0%€13,977▲ 9.3%
Net result€19,590▲ 22.9%€28,568▲ 45.8%€6,046▼ 78.8%€12,378▲ 105%€24,787▲ 100%
EBIT margin48.0%▲ 13.7pp34.0%▼ 14.0pp22.2%▼ 11.8pp32.5%▲ 10.2pp35.5%▲ 3.0pp
Equity€422,633▲ 4.9%€451,201▲ 6.8%€457,247▲ 1.3%€469,625▲ 2.7%€494,412▲ 5.3%
Total assets€422,633▲ 4.9%€451,201▲ 6.8%€457,247▲ 1.3%€469,625▲ 2.7%€500,581▲ 6.6%
Debt€6,169
Working capital€181,270
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000Operating result 2021: €19,581€19,581Net result 2021: €19,590€19,590Operating result 2022: €13,411€13,411Net result 2022: €28,568€28,568Operating result 2023: €8,759€8,759Net result 2023: €6,046€6,046Operating result 2024: €12,791€12,791Net result 2024: €12,378€12,378Operating result 2025: €13,977€13,977Net result 2025: €24,787€24,78720212022202320242025€0€10,000€20,000Operating result 2023: €8,759€8,760Net result 2023: €6,046€6,050Operating result 2024: €12,791€12,800Net result 2024: €12,378Operating result 2025: €13,977€14,000Net result 2025: €24,787€24,800202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €500,581
Fixed assets €313,142 ▼ 2.4%
Current assets €187,439 ▲ 25.9%
Equity and liabilities €500,581
Equity €494,412
Debt €6,169
Debt finances 1.2% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€25,655▲
2024 · €25,603
Cash flow
€36,465▲
2024 · €25,190
Current ratio
30.39
Debt to equity
0.01
ROE
5.0%▲
2024 · 2.6%
ROA
5.0%▲
2024 · 2.6%
Interest coverage
855.17▲
2024 · 232.82
Debt ≤ 1 year
€6,169
Income taxes
€486▼
2024 · €9,347
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of 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 higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€469,625€500,581▲
Fixed assets21/28€320,709€313,142▼
Tangible fixed assets22/27€226,771€219,204▼
Land and buildings22€226,771€219,204▼
Financial fixed assets28€93,938€93,938=
Current assets29/58€148,916€187,439▲
Amounts receivable within one year40/41€147,767€181,962▲
Other amounts receivable41€147,767€181,962▲
Cash at bank and in hand54/58€1,149€5,477▲
Equity and liabilities
Total equity and liabilities10/49€469,625€500,581▲
Equity10/15€469,625€494,412▲
Contributions10/11€223,104€223,104=
Capital10€223,104€223,104=
Issued capital100€223,104€223,104=
Reserves13€15,061€16,300▲
Non-distributable reserves130/1€15,061€16,300▲
Legal reserve130€15,061€16,300▲
Profit (loss) carried forward14€231,460€255,008▲
Amounts payable17/49-€6,169
Amounts payable within one year42/48-€6,169
Taxes, remuneration and social security45-€6,169
Taxes450/3-€6,169
Income statement Code20242025
Turnover70€39,400€39,400=
Goods, raw materials, services and sundry goods60/61€5,868€5,566▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,812€11,678▼
Other operating charges640/8€7,929€8,178▲
Gross operating margin9900€33,532€33,834▲
Operating profit (loss)9901€12,791€13,977▲
Financial income75/76B€9,044€11,326▲
Recurring financial income75€9,044€11,326▲
Financial charges65/66B€110€30▼
Recurring financial charges65€110€30▼
Profit (loss) for the period before taxes9903€21,725€25,273▲
Income taxes67/77€9,347€486▼
Profit (loss) for the period9904€12,378€24,787▲
Profit (loss) for the period to be appropriated9905€12,378€24,787▲
Appropriation of the result
Profit (loss) to be appropriated9906€232,079€256,247▲
Profit (loss) brought forward from the previous period14P€219,701€231,460▲
Transfer to equity691/2€619€1,239▲
To the legal reserve6920€619€1,239▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70€40,800€39,400€39,400€39,400€39,400=
Goods, raw materials, services and sundry goods60/61€2,093€6,543€10,196€5,868€5,566▼ 5.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,322€12,485€12,812€12,812€11,678▼ 8.9%
Other operating charges640/8€6,804€6,961€7,632€7,929€8,178▲ 3.1%
Gross operating margin9900€38,707€32,857€29,204€33,532€33,834▲ 0.9%
Operating profit (loss)9901€19,581€13,411€8,759€12,791€13,977▲ 9.3%
Financial income75/76B€4,657€21,598€6,562€9,044€11,326▲ 25.2%
Recurring financial income75€4,657€7,405€6,562€9,044€11,326▲ 25.2%
Non-recurring financial income76B-€14,193----
Financial charges65/66B€23€387€387€110€30▼ 72.7%
Recurring financial charges65€23€387€387€110€30▼ 72.7%
Profit (loss) for the period before taxes9903€24,215€34,622€14,934€21,725€25,273▲ 16.3%
Income taxes67/77€4,625€6,054€8,888€9,347€486▼ 94.8%
Profit (loss) for the period9904€19,590€28,568€6,046€12,378€24,787▲ 100%
Profit (loss) for the period to be appropriated9905€19,590€28,568€6,046€12,378€24,787▲ 100%
Line20212022202320242025Change
Assets
Total assets20/58€422,633€451,201€457,247€469,625€500,581▲ 6.6%
Fixed assets21/28€255,081€346,372€333,560€320,709€313,142▼ 2.4%
Tangible fixed assets22/27€255,081€252,395€239,583€226,771€219,204▼ 3.3%
Land and buildings22€255,081€252,395€239,583€226,771€219,204▼ 3.3%
Financial fixed assets28-€93,977€93,977€93,938€93,938=
Current assets29/58€167,553€104,829€123,687€148,916€187,439▲ 25.9%
Amounts receivable within one year40/41€88,356€99,845€123,493€147,767€181,962▲ 23.1%
Other amounts receivable41€88,356€99,845€123,493€147,767€181,962▲ 23.1%
Current investments50/53€78,899-----
Cash at bank and in hand54/58€297€4,984€194€1,149€5,477▲ 377%
Equity and liabilities
Total equity and liabilities10/49€422,633€451,201€457,247€469,625€500,581▲ 6.6%
Equity10/15€422,633€451,201€457,247€469,625€494,412▲ 5.3%
Contributions10/11€223,104€223,104€223,104€223,104€223,104=
Capital10€223,104€223,104€223,104€223,104€223,104=
Issued capital100€223,104€223,104€223,104€223,104€223,104=
Reserves13€12,711€14,140€14,442€15,061€16,300▲ 8.2%
Non-distributable reserves130/1€12,711€14,140€14,442€15,061€16,300▲ 8.2%
Legal reserve130€12,711€14,140€14,442€15,061€16,300▲ 8.2%
Profit (loss) carried forward14€186,818€213,958€219,701€231,460€255,008▲ 10.2%
Amounts payable17/49----€6,169-
Amounts payable within one year42/48----€6,169-
Taxes, remuneration and social security45----€6,169-
Taxes450/3----€6,169-
Line20212022202320242025Change
Profit (loss) for the period9904€19,590€28,568€6,046€12,378€24,787▲ 100%
+ Depreciation and write-downs630€12,322€12,485€12,812€12,812€11,678▼ 8.9%
Operating cash flow (approximation)€31,912€41,053€18,858€25,190€36,465▲ 44.8%
Investment in fixed assets (approximation)--€103,777€0€39-€4,110▼ 10,628%
Change in cash-€4,687-€4,791€955€4,328▲ 353%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
27-04
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
20-05
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
30-04
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
30-12
Financial Weakest financial yearnet €6,046 ▼78.8%
Net result drops to €6,046, the lowest in the series; recovery starts the following year.
02-05
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
30-12
Financial Highest result since 2018net €28,568 ▲45.8%
Net result €28,568, the highest in the series.
16-05
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
04-05
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
05-05
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
13-05
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
30-04
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
24-05
NBB filing Annual accounts filed
fiscal year 2016 · full schema
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, Brussel · 1 establishment unit since 1998
seat establishment The establishment unit on the map
Ground area
1,725 m²
Building footprint
306 m²
Volume, LiDAR
2,495 m³
Parcel 21818A0177/00V000, Brussels · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Meiseselaan 113, 1020 Brussel
Insurance, reinsurance and pension funding, except compulsory social security
since 19982.062.641.454
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21818A0177/00V000 Brussels 1,725 m² 1 · 306 m² 12.0 m · 3 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
Founded01-06-1993
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.