PLAN 19
ActiveSummary
PLAN 19 has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €182k and a net result of €33k. Equity is growing by ~23.1% per year across the filed fiscal years. Its solvency ranks better than 80% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-14
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 6.13 against 5.31 in 2024; short-term debt: 12.1% and cash: 59.9% of total assets), and 24.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
75.3%
Return on assets
13.6%
Age of the figures
9 mo
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 15-07-2026, 16 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
16 d early
2024
38 d early
2023
44 d early
2022
60 d early
2021
29 d late
2020
1 d early
2019
28 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€182k▲ 5.2%
2024 · €173k
Total assets
€241k▲ 5.7%
2024 · €228k
Net result
€33k▼ 45.9%
2024 · €61k
Working capital
€150k▲ 3.9%
2024 · €144k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€33k€26k▼ 21.5%€75k▲ 193%€83k▲ 10.3%€43k▼ 48.4%
Net result€29k€22k▼ 23.9%€56k▲ 155%€61k▲ 8.1%€33k▼ 45.9%
Equity€79k▲ 48.8%€97k▲ 22.9%€132k▲ 35.4%€173k▲ 30.9%€182k▲ 5.2%
Total assets€132k▲ 50.7%€137k▲ 3.8%€213k▲ 55.2%€228k▲ 6.9%€241k▲ 5.7%
Debt€53k▲ 53.6%€40k▼ 24.7%€81k▲ 103%€55k▼ 31.9%€59k▲ 7.4%
Working capital€69k▲ 62.9%€78k▲ 13.7%€100k▲ 27.9%€144k▲ 44.4%€150k▲ 3.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €241k
Fixed assets
€62k ▲ 23.3%
Current assets
€179k ▲ 0.7%
Equity and liabilities €241k
Equity
€182k ▲ 5.2%
Debt
€59k ▲ 7.4%
Debt's share of the balance-sheet total rises from 24.3% to 24.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€62k▼
2024 · €99k
Cash flow
€52k▼
2024 · €76k
Current ratio
6.13▲
2024 · 5.31
Quick ratio
6.00▲
2024 · 5.22
Debt to equity
0.33▲
2024 · 0.32
ROE
18.1%▼
2024 · 35.2%
ROA
13.6%▼
2024 · 26.7%
Interest coverage
25.37▼
2024 · 56.55
Debt ≤ 1 year
€29k▼
2024 · €34k
Debt > 1 year
€30k▲
2024 · €22k
Income taxes
€8k▼
2024 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €22k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €8k | €10k | €15k | €19k | ▲ 25.2% |
| Other operating charges640/8 | €1k | €2k | €1k | €1k | €506 | ▼ 49.8% |
| Non-recurring operating charges66A | - | - | - | - | €860 | - |
| Gross operating margin9900 | €46k | €36k | €87k | €100k | €64k | ▼ 36.2% |
| Operating profit (loss)9901 | €33k | €26k | €75k | €83k | €43k | ▼ 48.4% |
| Financial income75/76B | €593 | €675 | €1k | €423 | €719 | ▲ 69.9% |
| Recurring financial income75 | €593 | €675 | €1k | €423 | €719 | ▲ 69.9% |
| Financial charges65/66B | €717 | €273 | €1k | €2k | €2k | ▲ 40.7% |
| Recurring financial charges65 | €717 | €273 | €1k | €2k | €2k | ▲ 40.7% |
| Profit (loss) for the period before taxes9903 | €33k | €26k | €75k | €82k | €41k | ▼ 49.7% |
| Income taxes67/77 | €4k | €4k | €19k | €21k | €8k | ▼ 60.8% |
| Profit (loss) for the period9904 | €29k | €22k | €56k | €61k | €33k | ▼ 45.9% |
| Profit (loss) for the period to be appropriated9905 | €29k | €22k | €56k | €61k | €33k | ▼ 45.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €132k | €137k | €213k | €228k | €241k | ▲ 5.7% |
| Fixed assets21/28 | €15k | €20k | €62k | €50k | €62k | ▲ 23.3% |
| Tangible fixed assets22/27 | €15k | €20k | €62k | €50k | €62k | ▲ 23.3% |
| Plant, machinery and equipment23 | €1k | €559 | €1k | €4k | €8k | ▲ 111% |
| Furniture and vehicles24 | €14k | €20k | €61k | €46k | €54k | ▲ 16.2% |
| Current assets29/58 | €118k | €117k | €151k | €178k | €179k | ▲ 0.7% |
| Stocks and contracts in progress3 | €12k | €18k | €6k | €3k | €4k | ▲ 23.1% |
| Stocks30/36 | €12k | €9k | €6k | €3k | €4k | ▲ 23.1% |
| Contracts in progress37 | - | €10k | - | - | - | - |
| Amounts receivable within one year40/41 | €49k | €54k | €21k | €64k | €27k | ▼ 58.3% |
| Trade receivables40 | €36k | €48k | €18k | €63k | €5k | ▼ 92.4% |
| Other amounts receivable41 | €13k | €6k | €3k | €1k | €22k | ▲ 1,690% |
| Cash at bank and in hand54/58 | €55k | €43k | €123k | €108k | €144k | ▲ 34.0% |
| Deferred charges and accrued income490/1 | €1k | €2k | €2k | €3k | €5k | ▲ 33.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €132k | €137k | €213k | €228k | €241k | ▲ 5.7% |
| Equity10/15 | €79k | €97k | €132k | €173k | €182k | ▲ 5.2% |
| Contributions10/11 | €12k | €12k | €19k | €19k | €19k | = |
| Reserves13 | €67k | €85k | €113k | €154k | €163k | ▲ 5.8% |
| Tax-exempt reserves132 | €10k | €10k | €10k | €10k | €10k | = |
| Distributable reserves133 | €57k | €75k | €103k | €144k | €153k | ▲ 6.2% |
| Amounts payable17/49 | €53k | €40k | €81k | €55k | €59k | ▲ 7.4% |
| Amounts payable after more than one year17 | €4k | €997 | €30k | €22k | €30k | ▲ 38.4% |
| Financial debts170/4 | €4k | €997 | €30k | €22k | €30k | ▲ 38.4% |
| Amounts payable within one year42/48 | €49k | €39k | €51k | €34k | €29k | ▼ 12.8% |
| Current portion of amounts payable after more than one year42 | €10k | €5k | €11k | €11k | €14k | ▲ 33.8% |
| Trade debts44 | €37k | €31k | €3k | €3k | €3k | ▲ 10.5% |
| Suppliers440/4 | €37k | €31k | €3k | €3k | €3k | ▲ 10.5% |
| Taxes, remuneration and social security45 | €3k | €3k | €20k | €10k | €4k | ▼ 61.1% |
| Taxes450/3 | €797 | €825 | €20k | €10k | €4k | ▼ 61.1% |
| Remuneration and social security454/9 | €2k | €2k | - | - | - | - |
| Other amounts payable47/48 | - | - | €16k | €10k | €8k | ▼ 19.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €22k | €56k | €61k | €33k | ▼ 45.9% |
| + Depreciation and write-downs630 | €12k | €8k | €10k | €15k | €19k | ▲ 25.2% |
| Operating cash flow (approximation) | €41k | €31k | €67k | €76k | €52k | ▼ 31.5% |
| Investment in fixed assets (approximation) | - | €-14k | €-52k | €-3k | €-31k | ▼ 861% |
| Change in cash | - | €-12k | €79k | €-15k | €37k | ▲ 348% |
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
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €61k ▲8.1%
Operating result €83k, net result €61k, both a record.
31-12
Financial
Equity above €150kEq €173k ▲30.9%
4 profitable years in a row build equity to €173k.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €132k ▲35.4%
3 profitable years in a row build equity to €132k.
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 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
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zedelgem · 1 establishment unit since 2016
Ground area
865 m²
Building footprint
109 m²
Volume, LiDAR
527 m³
Parcel 31040F1456/00A002, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PLAN 19
since 20162.258.853.054
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31040F1456/00A002 | Flanders | 865 m² | 1 · 109 m² | 8.4 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.
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Of 20,028 companies in sector 43320 we hold annual accounts for 9,135. 7,497 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded29-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43221Plumbing work
Scores and ratios are computed by Checked and are not a credit decision.