PLANECT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 06-03-2026 PDF all 7 filings
Turnover
≈ €800,000
Estimated: probably between €540,000 and €1.0m
Total assets
€338,716▲ 302%
2024 · €84,336
Net result
€231,476▲ 242%
2024 · €67,657
Working capital
-€5,810▲ 6.9%
2024 · -€6,243
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€307,463
▲ 256%
2025
20192025
Net result
€231,476
▲ 242%
2025
highest quarter of the sector
20192025
Equity
€5,476
▲ 36.9%
2025
lowest quarter of the sector
20192025
Total assets
€338,716
▲ 302%
2025
highest quarter of the sector
20192025
Debt
€333,240
▲ 315%
2025
20192025
Working capital
-€5,810
▲ 6.9%
2025
lowest quarter of the sector
20192025
Solvency
1.6%
▼ 3.1pp
2025
lowest quarter of the sector
20192025
Current ratio
0.98
▲ 0.06
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
68.3%
▼ 11.9pp
2025
highest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€30,512-€72,426▲ 137%€83,537▲ 15.3%€76,268▼ 8.7%€57,752▼ 24.3%€86,262▲ 49.4%€307,463▲ 256%
Net result€24,162-€56,539above the sector's middle half▲ 134%€65,598above the sector's middle half▲ 16.0%€59,489above the sector's middle half▼ 9.3%€44,947above the sector's middle half▼ 24.4%€67,657above the sector's middle half▲ 50.5%€231,476above the sector's middle half▲ 242%
Equity€27,362-€83,101within the sector's middle half▲ 204%€147,900within the sector's middle half▲ 78.0%€66,379within the sector's middle half▼ 55.1%€4,000below the sector's middle half▼ 94.0%€4,000below the sector's middle half=€5,476below the sector's middle half▲ 36.9%
Total assets€45,685-€120,561within the sector's middle half▲ 164%€194,622within the sector's middle half▲ 61.4%€93,741within the sector's middle half▼ 51.8%€121,637within the sector's middle half▲ 29.8%€84,336within the sector's middle half▼ 30.7%€338,716above the sector's middle half▲ 302%
Debt€18,323-€37,460▲ 104%€46,723▲ 24.7%€27,362▼ 41.4%€117,637▲ 330%€80,336▼ 31.7%€333,240▲ 315%
Working capital€27,362-€65,420within the sector's middle half▲ 139%€132,438above the sector's middle half▲ 102%€55,435within the sector's middle half▼ 58.1%-€8,929below the sector's middle half-€6,243below the sector's middle half▲ 30.1%-€5,810below the sector's middle half▲ 6.9%
Solvency59.9%-68.9%within the sector's middle half▲ 9.0pp76.0%above the sector's middle half▲ 7.1pp70.8%within the sector's middle half▼ 5.2pp3.3%below the sector's middle half▼ 67.5pp4.7%below the sector's middle half▲ 1.5pp1.6%below the sector's middle half▼ 3.1pp
Current ratio2.49-2.79within the sector's middle half▲ 0.303.83within the sector's middle half▲ 1.053.03within the sector's middle half▼ 0.810.92below the sector's middle half▼ 2.100.92below the sector's middle half=0.98below the sector's middle half▲ 0.06
Return on assets (ROA)52.9%-46.9%above the sector's middle half▼ 6.0pp33.7%above the sector's middle half▼ 13.2pp63.5%above the sector's middle half▲ 29.8pp37.0%above the sector's middle half▼ 26.5pp80.2%above the sector's middle half▲ 43.3pp68.3%above the sector's middle half▼ 11.9pp
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). 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 operating result for 2025 is nearly 3.6 times that of 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €338,716
Fixed assets
€11,285 ▲ 10.2%
Current assets
€327,430 ▲ 342%
Equity and liabilities €338,716
Equity
€5,476 ▲ 36.9%
Debt
€333,240 ▲ 315%
Debt's share of the balance-sheet total rises from 95.3% to 98.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€309,295▲
2024 · €88,947
Cash flow
€233,307▲
2024 · €70,342
Debt to equity
60.86▲
2024 · 20.08
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€333,240▲
2024 · €80,336
Income taxes
€75,750▲
2024 · €18,371
A ratio outside any meaningful range has been withheld (balance sheet total €338,716, equity €5,476).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,589 | €2,041 | €12,585 | - | €2,874 |
| Depreciation and write-downs of the year | €5,698 | €6,559 | €7,028 | €2,686 | €1,832 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €2,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,879 | €5,115 | €5,698 | €6,559 | €7,028 | €2,686 | €1,832 | ▼ 31.8% |
| Other operating charges640/8 | - | - | €768 | €818 | €1,370 | €952 | €423 | ▼ 55.6% |
| Non-recurring operating charges66A | - | - | - | - | €1,074 | - | - | - |
| Gross operating margin9900 | €32,748 | €78,962 | €90,002 | €83,645 | €67,222 | €89,900 | €309,718 | ▲ 245% |
| Operating profit (loss)9901 | €30,512 | €72,426 | €83,537 | €76,268 | €57,752 | €86,262 | €307,463 | ▲ 256% |
| Financial income75/76B | - | - | €0 | - | €0 | - | - | - |
| Recurring financial income75 | - | - | €0 | - | €0 | - | - | - |
| Financial charges65/66B | - | - | €253 | €155 | €162 | €234 | €238 | ▲ 1.5% |
| Recurring financial charges65 | - | €269 | €253 | €155 | €162 | €234 | €238 | ▲ 1.5% |
| Profit (loss) for the period before taxes9903 | €30,512 | €72,157 | €83,285 | €76,113 | €57,590 | €86,028 | €307,226 | ▲ 257% |
| Income taxes67/77 | €6,350 | €15,618 | €17,686 | €16,624 | €12,643 | €18,371 | €75,750 | ▲ 312% |
| Profit (loss) for the period9904 | €24,162 | €56,539 | €65,598 | €59,489 | €44,947 | €67,657 | €231,476 | ▲ 242% |
| Profit (loss) for the period to be appropriated9905 | €24,162 | €56,539 | €65,598 | €59,489 | €44,947 | €67,657 | €231,476 | ▲ 242% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €45,685 | €120,561 | €194,622 | €93,741 | €121,637 | €84,336 | €338,716 | ▲ 302% |
| Fixed assets21/28 | - | €18,570 | €15,462 | €10,945 | €12,929 | €10,243 | €11,285 | ▲ 10.2% |
| Tangible fixed assets22/27 | - | €18,570 | €15,462 | €10,945 | €12,929 | €10,243 | €11,285 | ▲ 10.2% |
| Plant, machinery and equipment23 | - | - | €2,756 | €1,748 | €1,849 | €679 | €843 | ▲ 24.0% |
| Furniture and vehicles24 | - | - | €10,873 | €5,623 | €373 | - | €2,023 | - |
| Other tangible fixed assets26 | - | - | €1,833 | €3,574 | €10,707 | €9,564 | €8,420 | ▼ 12.0% |
| Current assets29/58 | €45,685 | €101,991 | €179,160 | €82,797 | €108,708 | €74,093 | €327,430 | ▲ 342% |
| Amounts receivable after more than one year29 | - | - | €1,104 | - | - | - | - | - |
| Trade receivables290 | - | - | €1,104 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €14,024 | €12,747 | €15,432 | €23,770 | €27,027 | €27,558 | €278,567 | ▲ 911% |
| Trade receivables40 | - | - | €15,277 | €21,504 | €18,198 | €25,766 | €242,353 | ▲ 841% |
| Other amounts receivable41 | - | - | €155 | €2,266 | €8,829 | €1,792 | €36,215 | ▲ 20× |
| Cash at bank and in hand54/58 | €31,589 | €85,490 | €162,624 | €58,954 | €81,609 | €46,044 | €44,509 | ▼ 3.3% |
| Deferred charges and accrued income490/1 | - | - | - | €72 | €72 | €491 | €4,354 | ▲ 787% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €45,685 | €120,561 | €194,622 | €93,741 | €121,637 | €84,336 | €338,716 | ▲ 302% |
| Equity10/15 | €27,362 | €83,101 | €147,900 | €66,379 | €4,000 | €4,000 | €5,476 | ▲ 36.9% |
| Contributions10/11 | - | - | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Reserves13 | €23,362 | €79,101 | €143,900 | €62,379 | - | - | €1,476 | - |
| Distributable reserves133 | - | - | €143,900 | €62,379 | - | - | €1,476 | - |
| Amounts payable17/49 | €18,323 | €37,460 | €46,723 | €27,362 | €117,637 | €80,336 | €333,240 | ▲ 315% |
| Amounts payable after more than one year17 | - | €889 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €18,323 | €36,571 | €46,723 | €27,362 | €117,637 | €80,336 | €333,240 | ▲ 315% |
| Current portion of amounts payable after more than one year42 | - | - | €889 | - | - | - | - | - |
| Trade debts44 | €1,290 | €2,415 | €4,441 | €21,128 | €3,160 | €2,235 | €3,666 | ▲ 64.0% |
| Suppliers440/4 | - | - | €4,441 | €21,128 | €3,160 | €2,235 | €3,666 | ▲ 64.0% |
| Taxes, remuneration and social security45 | - | - | €40,592 | €6,234 | €7,150 | €10,088 | €99,574 | ▲ 887% |
| Taxes450/3 | - | - | €40,592 | €6,234 | €7,150 | €10,088 | €99,574 | ▲ 887% |
| Other amounts payable47/48 | - | - | €800 | - | €107,327 | €68,013 | €230,000 | ▲ 238% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,162 | €56,539 | €65,598 | €59,489 | €44,947 | €67,657 | €231,476 | ▲ 242% |
| + Depreciation and write-downs630 | €1,879 | €5,115 | €5,698 | €6,559 | €7,028 | €2,686 | €1,832 | ▼ 31.8% |
| Operating cash flow (approximation) | €26,041 | €61,654 | €71,296 | €66,048 | €51,975 | €70,342 | €233,307 | ▲ 232% |
| Investment in fixed assets (approximation) | - | - | -€2,589 | -€2,041 | -€9,012 | €0 | -€2,874 | - |
| Change in cash | - | €53,901 | €77,134 | -€103,670 | €22,655 | -€35,565 | -€1,535 | ▲ 95.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,153 companies had the same profile as PLANECT has now. Two years later, 96.1% were still going and 1.7% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
96.1%
was still going
2.2%
stopped otherwise
1.7%
went bankrupt
The bankruptcy probability of PLANECT itself is lower: 0.2% within 12 months. It rests on far more data about PLANECT 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 2,153 companies, not a prediction for PLANECT. 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.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-03-2026 | 2026-00051088 | |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00424177 | |
| 31-12-2023 | micro format | 19-07-2024 | 2024-00270620 | |
| 31-12-2022 | micro format | 10-07-2023 | 2023-00225983 | |
| 31-12-2021 | micro format | 20-07-2022 | 2022-20210710 | |
| 31-12-2020 | micro format | 27-08-2021 | 2021-55600500 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-48200008 |