PLAN B
ActiveSummary
PLAN B has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €443,088 and a net result of -€16,055. Its solvency ranks better than 50% of 17,119 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 22-12-2023 Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding land NACE 68203and 1 other
- Establishment unit
- 2.354.234.837 3530 Houthalen-Helchteren, since 22-12-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Board and ownership
- AERTS HansDirector · since 20-12-2023
- MELOTTE ThomasDirector · since 20-12-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €37,891
- ▼ 31.5%
- Turnover
- ≈ €62,000
- estimated
- Loss
- €16,055
- ▼ 22.8%
- Equity
- €443,088
- ▼ 3.5%
- Total assets
- €1.5m
- ▲ 33.4%
Score breakdownraises risk1 of the last 3 accounts lateFounded in 2023lowers riskSize: total assets €1.5mSector: Real estate activities (NACE 68)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 48% of them on solvency, 76% on liquidity, 24% on profitability and 36% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 20 days after 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)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 09-07-2026 at the NBB all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is a profit of €15,018, after a loss of €9,066 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Securities and guarantees
| Item | 2024 | 2025 |
|---|---|---|
| Mortgages, amount registered | - | €400,000 |
| Carrying value of the mortgaged assets | - | €944,363 |
Source: notes to the 2024 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €1.1m | €497,800 |
| Depreciation and write-downs of the year | €54,179 | €20,397 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as PLAN B: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €981,000 and €2m, founded in 2024.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| PLAN B Houthalen-Helchteren | 2023 | €1.5m | €0.4m | €0.04m | -€0.02m | - | 2025 |
| ADITCO PROPERTIES Roeselare | 2024 | €1.6m | -€0.06m | €0.05m | -€0.08m | 0 | 2025 |
| MBCL Gent | 2024 | €1.8m | €0.9m | €0.03m | -€0.1m | - | 2025 |
| CAGLAR Lanaken | 2024 | €2.0m | €0.2m | €0.05m | -€0.05m | - | 2025 |
| Immo BE Seven Zonhoven | 2024 | €1.0m | -€0.04m | €0.03m | -€0.05m | - | 2025 |
| DUMONT INSTRUMENTS IMMOBILIERE Braine-le-Château | 2024 | €2.0m | €0.02m | €0.04m | -€0.005m | - | 2025 |
| Prix Schoten | 2024 | €1.5m | -€0.07m | €0.05m | -€0.09m | - | 2025 |
They were chosen from the 6,620 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 440 companies had the same profile as PLAN B has now. Two years later, 1.6% had gone bankrupt and 95.5% were still going.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a small loss
The bankruptcy probability of PLAN B itself is lower: 0.2% within 12 months. It rests on far more data about PLAN B than the profile alone.
Test of the method
The method was tested on the 497,446 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 440 companies, not a prediction for PLAN B. 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54,179 | €20,397 | ▼ 62.4% |
| Other operating charges640/8 | €10,194 | €2,477 | ▼ 75.7% |
| Gross operating margin9900 | €55,307 | €37,891 | ▼ 31.5% |
| Operating profit (loss)9901 | -€9,066 | €15,018 | - |
| Financial charges65/66B | €11,743 | €31,073 | ▲ 165% |
| Recurring financial charges65 | €11,743 | €31,073 | ▲ 165% |
| Profit (loss) for the period before taxes9903 | -€20,809 | -€16,055 | ▲ 22.8% |
| Profit (loss) for the period9904 | -€20,809 | -€16,055 | ▲ 22.8% |
| Profit (loss) for the period to be appropriated9905 | -€20,809 | -€16,055 | ▲ 22.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.2m | €1.5m | ▲ 33.4% |
| Fixed assets21/28 | €0.9m | €1.3m | ▲ 55.0% |
| Tangible fixed assets22/27 | €0.9m | €1.3m | ▲ 55.0% |
| Land and buildings22 | €0.6m | €0.6m | ▼ 3.4% |
| Assets under construction and advance payments27 | €0.3m | €0.8m | ▲ 183% |
| Current assets29/58 | €0.3m | €0.2m | ▼ 31.1% |
| Amounts receivable within one year40/41 | €0.02m | €0.01m | ▼ 17.3% |
| Trade receivables40 | €0.01m | - | - |
| Other amounts receivable41 | €0.002m | €0.01m | ▲ 528% |
| Cash at bank and in hand54/58 | €0.3m | €0.2m | ▼ 32.0% |
| Deferred charges and accrued income490/1 | €139 | €390 | ▲ 180% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.2m | €1.5m | ▲ 33.4% |
| Equity10/15 | €0.5m | €0.4m | ▼ 3.5% |
| Contributions10/11 | €0.02m | €0.02m | = |
| Reserves13 | €0.1m | €0.1m | = |
| Distributable reserves133 | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | €0.3m | €0.3m | ▼ 5.1% |
| Amounts payable17/49 | €0.7m | €1.1m | ▲ 57.6% |
| Amounts payable after more than one year17 | €0.7m | €1.0m | ▲ 57.5% |
| Financial debts170/4 | €0.7m | €1.0m | ▲ 57.5% |
| Amounts payable within one year42/48 | €0.03m | €0.05m | ▲ 61.5% |
| Current portion of amounts payable after more than one year42 | €0.007m | €0.02m | ▲ 166% |
| Trade debts44 | €0.01m | €0.04m | ▲ 222% |
| Suppliers440/4 | €0.01m | €0.04m | ▲ 222% |
| Other amounts payable47/48 | €0.02m | - | - |
| Accrued charges and deferred income492/3 | €0.001m | €0.001m | ▲ 31.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€20,809 | -€16,055 | ▲ 22.8% |
| + Depreciation and write-downs630 | €54,179 | €20,397 | ▼ 62.4% |
| Operating cash flow (approximation) | €33,370 | €4,342 | ▼ 87.0% |
| Investment in fixed assets (approximation) | - | -€497,800 | - |
| Change in cash | - | -€87,908 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- MELOTTE Thomas 50 shares
- AERTS Hans 50 shares
- MELOTTE Thomas founder
- AERTS Hans founder
Capital transactions
- 28-12-2023 Incorporation · €479,951.22 · 100 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| AERTS Hans |
|
| MELOTTE Thomas |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder”
Articles of association, deed of 28-12-2023 (in Dutch)
Network & group
Acquisitions and mergers
1 transactionCompanies at the same address
2 other companiesConnections & network
2 current directorsThe network starts from the directors of PLAN B. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
17-01
Gazette deed
Resignations & appointmentsAppointments: MELOTTE Thomas (director) and AERTS Hans (director) · Incorporation · Shareholding6 points ▸
- Incorporation, 20-12-2023
- Other provision, “ontbrekende vermeldingen in eerdere publicatie oprichtingsakte, oprichtingsakte van de BV PLAN B in het Belgisch Staatsblad” (deed in Dutch)
- MELOTTE Thomas holds 50 shares
- AERTS Hans holds 50 shares
- Director appointment, MELOTTE Thomas (director (not named in the articles))
- Director appointment, AERTS Hans (director (not named in the articles))
28-12
Gazette deed
IncorporationStarting capital €479,951.22 · Demerger: Zakenkantoor Melotte & Partners splits off to PLAN B · Founder10 points ▸
- Demerger, “partiële splitsing, oprichting nieuwe vennootschap” (deed in Dutch)
- Incorporation, 20-12-2023
- Founder, MELOTTE Thomas
- Founder, AERTS Hans
- Founding capital, €479,951.22
- Auditor report, 19-12-2023
- Other provision, “vergoeding en opdrachtbeperking” (deed in Dutch)
- Other provision, “akkoord oprichters met conclusies bedrijfsrevisor” (deed in Dutch)
- Registered office clause, “Houthalen-Helchteren, Grote Baan 235” (deed in Dutch)
- Pre-incorporation commitments, “takeover, alle verbintenissen voor haar rekening en in haar naam aangegaan” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72015B0275/00D000 | Flanders | 1,093 m² | 1 · 242 m² | 23.4 m · 3 |