Equity
€298,486 ▲ 0.9%
Plan 50 has made a profit without a break since 2019.
Plan 50
Lifetime
12 annual accounts with figures on one time axispeak €738,685 (2019)
€240,618▲ 104%
lowest -€182,125 (2014)
€102,520▲ 324%
peak €298,486 (2025)
€298,486▲ 0.9%
€1.5m▲ 3.0%
Board2 names since 2013
1 directorGPL BV
Documentsfilings and deeds
16-07-202615 days before the deadline
2025abbreviated format
Gross margin from €118,131 to €240,618Result from €24,156 to €102,520Investments €113,990Cash from €103,236 to €51,134
Key points
from the 2025 annual accountsResult
€102,520 ▲ 324%
The result rose in 2025 from €24,156 to €102,520.
Debts
€1.5m 83% of the balance sheet
Financial debts 82%Suppliers 1%Taxes and wages 1%Other 17%
€1.3m of the debts are secured on the company's own assets. In 2021 that was €852,918.
Investments
€113,990 1.9 × depreciation
Green is investment, beige is depreciation.
Filings
12 annual accounts since 2014
The last five annual accounts were filed 2 to 58 days before the end of the period.
At the same address
16 companies
Checked score
93
Excellent
Financially stronger than 47% 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 26,626 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 12-2024
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: 0.2%▲ +0.1 percentage points vs 06-2025highest value
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 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged 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 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.84, cash €51,134, halved
Equity €298,486 (17.0% of total assets)
lowers risk
Size: total assets €1.8m
Figures for financial year 2025 (filed on 16-07-2026)
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 37% of them on solvency, 53% on liquidity, 50% on profitability and 48% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 2,609 companies had the same profile as Plan 50 has now. Each dot stands for 7 companies, two years later.
96.8%
were still trading
2.1%
stopped another way
1.0%
went bankrupt
That fits the bankruptcy probability of Plan 50 itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 2,609 companies, not a prediction for Plan 50. 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 €25,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.84 (1.11 in 2024), below 1. Short-term debt is 15.1% and cash 2.9% of total assets. 83% 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
Five signals.
lowers riskraises 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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 days early
2024
2 days early
2023
58 days early
2022
31 days early
2021
54 days early
2020
39 days early
2019
30 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 33 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 30 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0541668190
Change of role: Pouleyn Geert, from manager to director
Permanent representative: Pouleyn Geert · “De samenstelling en het beheer van onroerend vermogen en de huurfinanciering of onroerende leasing van…” (deed in Dutch) · GPL HOLDING S.A holds all the shares · General meeting of 13-12-2023 · Gazette deed
Environmental permit granted
Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging, Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning), Slopen van niet vrijstaande gebouwen of constructies and 1 more · Anzegem
Registered office moved from Kortrijk to Anzegem
New registered office: Nijverheidslaan 9-8570 Anzegem · Previous registered office: Voorstraat 38, 8500 Kortrijk · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as Plan 50: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.7m and €2m, founded between 2012 and 2015.
Official details
Source: KBO- Status
- Active since 05-11-2013Normal situation
- Registered office
- 17 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.223.746.5768570 Anzegem, since 05-11-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- ≈ €510,000estimated
- €1.8m▲ 2.6%
- Filing
- Filed on 16-07-2026, 15 days before the end of the filing period
Insights on Plan 50
Plan 50 files the abbreviated format. That format states no turnover. The gross margin rose from -€70,182 in 2014 to €240,618 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 Plan 50
- What is the company number of Plan 50?
- The company number of Plan 50 is 0541.668.190. The VAT number is the same number with BE in front: BE 0541.668.190.
- Where is Plan 50 based?
- The registered office is at Nijverheidslaan 9, 8570 Anzegem.Company details
- What does Plan 50 do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of Plan 50?
- Plan 50 is a private limited company (BV).
- When was Plan 50 founded?
- Plan 50 was founded on 05-11-2013.
- Is Plan 50 still active?
- Yes, Plan 50 is an active enterprise in the KBO register.
- What is the turnover of Plan 50?
- The turnover in financial year 2025 is ≈ €510,000. This figure is estimated from the gross margin of €240,618 and 33 comparable companies (NACE 681). It probably lies between €320,000 and €1.2m.Financials
- Is Plan 50 profitable?
- In financial year 2025, Plan 50 made a profit of €102,520.
- Where can I find the annual accounts of Plan 50?
- Plan 50 filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Plan 50 due?
- Plan 50 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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