plan b
ActiveSummary
plan b has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €203k and a net result of €41k. Equity is shrinking by ~22.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 40% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+70
Solvency67▲+11
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.16 in 2024; short-term debt: 40% and cash: 27.9% of total assets), and 58% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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 · 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
42%
Return on assets
8.4%
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 21-05-2026, 71 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
71 d early
2024
12 d late
2023
1 d early
2022
9 d early
2021
18 d early
2020
10 d late
2019
31 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€203k▲ 24.9%
2024 · €163k
2019: €893k
2020: €917k▲ +2.7% vs 2019highest in 7 years
2021: €860k▼ -6.2% vs 2020
2022: €654k▼ -23.9% vs 2021
2023: €264k▼ -59.7% vs 2022
2024: €163k▼ -38.2% vs 2023lowest in 7 years
2025: €203k▲ +24.9% vs 2024
2019 → 2025
Total assets
€484k▼ 7.2%
2024 · €522k
2019: €1.21M
2020: €1.24M▲ +2.4% vs 2019highest in 7 years
2021: €1.10M▼ -11.0% vs 2020
2022: €994k▼ -9.8% vs 2021
2023: €657k▼ -33.8% vs 2022
2024: €522k▼ -20.6% vs 2023
2025: €484k▼ -7.2% vs 2024lowest in 7 years
2019 → 2025
Net result
€41k
2024 · €-101k
2019: €15k
2020: €67k▲ +348% vs 2019highest in 7 years
2021: €-56k▼ -183% vs 2020
2022: €-56k● +0.0% vs 2021
2023: €-165k▼ -195% vs 2022lowest in 7 years
2024: €-101k▲ +39.0% vs 2023
2025: €41k▲ +140% vs 2024
2019 → 2025
Working capital
€70k▲ 76.3%
2024 · €40k
2019: €826k
2020: €857k▲ +3.8% vs 2019highest in 7 years
2021: €769k▼ -10.3% vs 2020
2022: €562k▼ -26.9% vs 2021
2023: €142k▼ -74.7% vs 2022
2024: €40k▼ -72.1% vs 2023lowest in 7 years
2025: €70k▲ +76.3% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€860k-€654k▼ 23.9%€264k▼ 59.7%€163k▼ 38.2%€203k▲ 24.9%
2021: €860khighest in 5 years
2022: €654k▼ -23.9% vs 2021
2023: €264k▼ -59.7% vs 2022
2024: €163k▼ -38.2% vs 2023lowest in 5 years
2025: €203k▲ +24.9% vs 2024
Operating result€-60k-€-60k▲ 0.8%€-147k▼ 145%€-114k▲ 22.6%€57k
2021: €-60k
2022: €-60k▲ +0.8% vs 2021
2023: €-147k▼ -145% vs 2022lowest in 5 years
2024: €-114k▲ +22.6% vs 2023
2025: €57k▲ +150% vs 2024highest in 5 years
Net result€-56k-€-56k=€-165k▼ 195%€-101k▲ 39.0%€41k
2021: €-56k
2022: €-56k● +0.0% vs 2021
2023: €-165k▼ -195% vs 2022lowest in 5 years
2024: €-101k▲ +39.0% vs 2023
2025: €41k▲ +140% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €57k after a loss of €114k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €484k
Fixed assets
€220k ▼ 6.2%
Current assets
€264k ▼ 8.0%
Equity and liabilities €484k
Equity
€203k ▲ 24.9%
Debt
€281k ▼ 21.8%
Debt's share of the balance-sheet total falls from 68.8% to 58.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€83k▲
2024 · €-87k
Cash flow
€66k▲
2024 · €-74k
Current ratio
1.36▲
2024 · 1.16
Debt to equity
1.38▼
2024 · 2.20
ROE
19.9%▲
2024 · -61.7%
ROA
8.4%▲
2024 · -19.3%
Interest coverage
4.87▲
2024 · -6.08
Debt ≤ 1 year
€194k▼
2024 · €247k
Debt > 1 year
€87k▼
2024 · €112k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€522k€484k▼
Fixed assets21/28€235k€220k▼
Tangible fixed assets22/27€234k€219k▼
Land and buildings22€193k€174k▼
Plant, machinery and equipment23€979€383▼
Furniture and vehicles24€8k€8k▲
Other tangible fixed assets26€32k€37k▲
Financial fixed assets28€1k€1k=
Current assets29/58€287k€264k▼
Amounts receivable after more than one year29€4k€4k=
Other amounts receivable291€4k€4k=
Amounts receivable within one year40/41€44k€51k▲
Trade receivables40€3k€26k▲
Other amounts receivable41€41k€25k▼
Current investments50/53€99k€74k▼
Cash at bank and in hand54/58€140k€135k▼
Deferred charges and accrued income490/1€351€0▼
Equity and liabilities
Total equity and liabilities10/49€522k€484k▼
Equity10/15€163k€203k▲
Contributions10/11€19k€19k=
Reserves13€247k€247k=
Distributable reserves133€247k€247k=
Profit (loss) carried forward14€-103k€-63k▲
Amounts payable17/49€359k€281k▼
Amounts payable after more than one year17€112k€87k▼
Financial debts170/4€112k€87k▼
Amounts payable within one year42/48€247k€194k▼
Current portion of amounts payable after more than one year42€25k€25k=
Trade debts44€0€29k▲
Suppliers440/4€0€29k▲
Advances received on contracts in progress46€12k€18k▲
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€4k€5k▲
Other amounts payable47/48€207k€117k▼
Accrued charges and deferred income492/3-€150
Income statement
Code20242025
Non-recurring operating income76A€0€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€26k▼
Other operating charges640/8€4k€4k▼
Non-recurring operating charges66A-€556
Gross operating margin9900€-83k€87k▲
Operating profit (loss)9901€-114k€57k▲
Financial income75/76B€27k€521▼
Recurring financial income75€27k€521▼
Financial charges65/66B€14k€17k▲
Recurring financial charges65€14k€17k▲
Profit (loss) for the period before taxes9903€-101k€41k▲
Profit (loss) for the period9904€-101k€41k▲
Profit (loss) for the period to be appropriated9905€-101k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-103k€-63k▲
Profit (loss) brought forward from the previous period14P€-3k€-103k▼
Transfer from equity791/2€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2 | €0 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €25k | €26k | €27k | €26k | ▼ 4.1% |
| Other operating charges640/8 | €2k | €2k | €3k | €4k | €4k | ▼ 0.9% |
| Non-recurring operating charges66A | - | €266 | €0 | - | €556 | - |
| Gross operating margin9900 | €-34k | €-33k | €-117k | €-83k | €87k | ▲ 205% |
| Operating profit (loss)9901 | €-60k | €-60k | €-147k | €-114k | €57k | ▲ 150% |
| Financial income75/76B | €7k | €6k | €3k | €27k | €521 | ▼ 98.1% |
| Recurring financial income75 | €7k | €6k | €3k | €27k | €521 | ▼ 98.1% |
| Financial charges65/66B | €3k | €2k | €21k | €14k | €17k | ▲ 18.4% |
| Recurring financial charges65 | €3k | €2k | €21k | €14k | €17k | ▲ 18.4% |
| Profit (loss) for the period before taxes9903 | €-56k | €-56k | €-165k | €-101k | €41k | ▲ 140% |
| Profit (loss) for the period9904 | €-56k | €-56k | €-165k | €-101k | €41k | ▲ 140% |
| Profit (loss) for the period to be appropriated9905 | €-56k | €-56k | €-165k | €-101k | €41k | ▲ 140% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.10M | €994k | €657k | €522k | €484k | ▼ 7.2% |
| Fixed assets21/28 | €277k | €253k | €258k | €235k | €220k | ▼ 6.2% |
| Tangible fixed assets22/27 | €276k | €252k | €257k | €234k | €219k | ▼ 6.2% |
| Land and buildings22 | €254k | €234k | €213k | €193k | €174k | ▼ 10.1% |
| Plant, machinery and equipment23 | €1k | €2k | €635 | €979 | €383 | ▼ 60.9% |
| Furniture and vehicles24 | €12k | €9k | €8k | €8k | €8k | ▲ 7.6% |
| Other tangible fixed assets26 | €9k | €8k | €35k | €32k | €37k | ▲ 15.9% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €824k | €740k | €400k | €287k | €264k | ▼ 8.0% |
| Amounts receivable after more than one year29 | €108k | €107k | €4k | €4k | €4k | = |
| Other amounts receivable291 | €108k | €107k | €4k | €4k | €4k | = |
| Amounts receivable within one year40/41 | €36k | €38k | €41k | €44k | €51k | ▲ 15.3% |
| Trade receivables40 | €2k | €2k | €2k | €3k | €26k | ▲ 673% |
| Other amounts receivable41 | €35k | €36k | €39k | €41k | €25k | ▼ 39.0% |
| Current investments50/53 | €523k | €524k | €329k | €99k | €74k | ▼ 24.9% |
| Cash at bank and in hand54/58 | €142k | €51k | €25k | €140k | €135k | ▼ 3.4% |
| Deferred charges and accrued income490/1 | €16k | €20k | €351 | €351 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.10M | €994k | €657k | €522k | €484k | ▼ 7.2% |
| Equity10/15 | €860k | €654k | €264k | €163k | €203k | ▲ 24.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €623k | €635k | €247k | €247k | €247k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €621k | €634k | €247k | €247k | €247k | = |
| Profit (loss) carried forward14 | €218k | - | €-3k | €-103k | €-63k | ▲ 39.3% |
| Amounts payable17/49 | €242k | €340k | €394k | €359k | €281k | ▼ 21.8% |
| Amounts payable after more than one year17 | €186k | €161k | €136k | €112k | €87k | ▼ 22.2% |
| Financial debts170/4 | €186k | €161k | €136k | €112k | €87k | ▼ 22.2% |
| Amounts payable within one year42/48 | €56k | €178k | €257k | €247k | €194k | ▼ 21.6% |
| Current portion of amounts payable after more than one year42 | €25k | €25k | €25k | €25k | €25k | = |
| Trade debts44 | €978 | €320 | €2 | €0 | €29k | - |
| Suppliers440/4 | €978 | €320 | €2 | €0 | €29k | - |
| Advances received on contracts in progress46 | - | - | - | €12k | €18k | ▲ 45.9% |
| Taxes, remuneration and social security45 | €21k | €11k | €16k | €4k | €5k | ▲ 46.9% |
| Taxes450/3 | €21k | €11k | €16k | €4k | €5k | ▲ 46.9% |
| Other amounts payable47/48 | €9k | €143k | €217k | €207k | €117k | ▼ 43.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | €150 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-56k | €-56k | €-165k | €-101k | €41k | ▲ 140% |
| + Depreciation and write-downs630 | €24k | €25k | €26k | €27k | €26k | ▼ 4.1% |
| Operating cash flow (approximation) | €-32k | €-31k | €-139k | €-74k | €66k | ▲ 189% |
| Investment in fixed assets (approximation) | - | €-952 | €-31k | €-4k | €-11k | ▼ 183% |
| Change in cash | - | €-90k | €-26k | €114k | €-5k | ▼ 104% |
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
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €41k
Net result €41k after 4 loss-making years.
31-12
Financial
Equity above €200kEq €203k ▲24.9%
Equity rises from €163k to €203k.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-165k
Net result drops to €-165k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
31-12
Financial
Highest result since 2019net €67k ▲348%
Operating result €85k, net result €67k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Gent · 1 establishment unit since 2008
Ground area
287 m²
Building footprint
251 m²
Volume, LiDAR
1,983 m³
2 parcels, Flanders · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Plan B
since 20082.171.120.811
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D2835/00V008 | Flanders | 226 m² | 1 · 190 m² | 13.8 m · 4 fl. |
| 44802B1416/00B000 | Flanders | 60 m² | 1 · 60 m² | 14.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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GOLDFART
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,753. 2,804 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
Founded21-12-2007
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
Contact
E-mail
griet.opdebeeck@telenet.beGent
Scores and ratios are computed by Checked and are not a credit decision.