PlanB First Limited
ActiveSummary
The computed 12-month bankruptcy probability of PlanB First Limited is 2.7% (moderate). The 2024 annual accounts show equity of €257k and a net result of €53k. Equity is growing by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 27% of 396 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
58
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability66▲+6
Solvency38▲+3
Growth43▲+2
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 2.35 against 1.22 in 2023; short-term debt: 8.5% and cash: 17.8% of total assets), but 87.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+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 61
Relative position
BE, all sectors
reference
Sector 61
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
56 d late
2023
55 d late
2022
153 d late
2021
153 d late
2020
153 d late
2019
153 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€1.56M▲ 4.6%
2023 · €1.49M
2018: €1.89M
2019: €3.21M
2020: €2.05M
2021: €974k
2022: €1.14M
2023: €1.49M
2018 → 2024
EBIT margin
4.7%▲ 0.2pp
2023 · 4.5%
2018: 6.3%
2019: 3.9%
2020: -0.9%
2021: 4.7%
2022: 4.8%
2023: 4.5%
2018 → 2024
Net result
€53k▲ 79.9%
2023 · €29k
2018: €102k
2019: €92k
2020: €-34k
2021: €69k
2022: €35k
2023: €29k
2018 → 2024
Working capital
€229k▲ 193%
2023 · €78k
2018: €653k
2019: €930k
2020: €280k
2021: €183k
2022: €40k
2023: €78k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€2.05M-€974k▼ 52.5%€1.14M▲ 17.3%€1.49M▲ 30.8%€1.56M▲ 4.6%
Equity€107k-€167k▲ 56.4%€194k▲ 15.7%€214k▲ 10.4%€257k▲ 20.4%
Operating result€-18k-€46k€55k▲ 19.3%€67k▲ 22.3%€73k▲ 9.2%
Net result€-34k-€69k€35k▼ 49.1%€29k▼ 17.2%€53k▲ 79.9%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 9% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.00M
Fixed assets
€1.60M ▼ 1.5%
Current assets
€399k ▼ 9.5%
Equity and liabilities €2.00M
Equity
€257k ▲ 20.4%
Debt
€1.74M ▼ 6.0%
Debt's share of the balance-sheet total falls from 89.6% to 87.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€135k▲
2023 · €127k
Cash flow
€115k▲
2023 · €89k
Current ratio
2.35▲
2023 · 1.22
Debt to equity
6.76▼
2023 · 8.66
ROE
20.4%▲
2023 · 13.7%
ROA
2.6%▲
2023 · 1.4%
Interest coverage
6.45▲
2023 · 5.14
Debt ≤ 1 year
€170k▼
2023 · €363k
Debt > 1 year
€1.50M▲
2023 · €1.43M
Income taxes
€11k▼
2023 · €17k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.06M€2.00M▼
Fixed assets21/28€1.62M€1.60M▼
Tangible fixed assets22/27€1.55M€1.50M▼
Land and buildings22€1.49M€1.46M▼
Furniture and vehicles24€56k€43k▼
Financial fixed assets28€71k€98k▲
Current assets29/58€442k€399k▼
Amounts receivable within one year40/41€87k€41k▼
Trade receivables40€79k€28k▼
Other amounts receivable41€8k€13k▲
Cash at bank and in hand54/58€349k€356k▲
Deferred charges and accrued income490/1€6k€3k▼
Equity and liabilities
Total equity and liabilities10/49€2.06M€2.00M▼
Equity10/15€214k€257k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€193k€237k▲
Amounts payable17/49€1.85M€1.74M▼
Amounts payable after more than one year17€1.43M€1.50M▲
Financial debts170/4€710k€647k▼
Other amounts payable178/9€718k€857k▲
Amounts payable within one year42/48€363k€170k▼
Current portion of amounts payable after more than one year42€63k€64k▲
Trade debts44€268k€97k▼
Suppliers440/4€268k€97k▼
Taxes, remuneration and social security45€18k€322▼
Taxes450/3€18k€322▼
Other amounts payable47/48€15k€9k▼
Accrued charges and deferred income492/3€59k€65k▲
Income statement
Code20232024
Turnover70€1.49M€1.56M▲
Goods, raw materials, services and sundry goods60/61€1.42M€1.54M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€62k▲
Other operating charges640/8€8k€8k▲
Gross operating margin9900€135k€144k▲
Operating profit (loss)9901€67k€73k▲
Financial income75/76B€4k€12k▲
Recurring financial income75€4k€12k▲
Financial charges65/66B€25k€21k▼
Recurring financial charges65€25k€21k▼
Profit (loss) for the period before taxes9903€46k€64k▲
Income taxes67/77€17k€11k▼
Profit (loss) for the period9904€29k€53k▲
Profit (loss) for the period to be appropriated9905€29k€53k▲
Appropriation of the result
Profit (loss) to be appropriated9906€202k€246k▲
Profit (loss) brought forward from the previous period14P€173k€193k▲
Profit to be distributed694/7€9k€9k=
Directors or managers695€9k€9k=
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
31-12
Financial
Equity above €200kEq €214k ▲10.4%
3 profitable years in a row build equity to €214k.
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 153 days late
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
31-12
Financial
Back to profitnet €69k
Net result €69k after one loss-making year.
31-12
Financial
Equity above €150kEq €167k ▲56.4%
Equity rises from €107k to €167k.
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
2020
31-12
Financial
Weakest financial yearnet €-34k ▼137%
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 153 days late
2019
31-12
Financial
Equity above €100kEq €141k ▲190%
2 profitable years in a row build equity to €141k.
19-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Elsene · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Italiëlaan 141050 ElseneGround area
1.1 ha
Building footprint
622 m²
Volume, LiDAR
7,680 m³
Parcel 21446D0151/00G000, Brussels · tallest building 20.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PlanB First Limited
since 20162.252.957.929
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21446D0151/00G000 | Brussels | 1.1 ha | 1 · 622 m² | 20.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BAGRO
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SSA GROUP
BE 0849.151.658
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TP CONNECTIONS
BE 0830.218.842
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DENS OCEAN SHIPPING AND LOGISTICS
BE 0477.052.631
Middelkerke · Eq €251,133
SV-SOLUTIONS
BE 0839.859.058
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Of 1,376 companies in sector 61100 we hold annual accounts for 586. 389 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-04-2016
Fiscal year end31-12
Activities, NACEBEL 2025
61100Wired, wireless and satellite telecommunications
62900Other information technology and computer services
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.