Equity
Debts exceed assets in financial year 2025.
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Debts exceed assets in financial year 2025.
Every financial year from 2021 to 2025 closed with a loss. 2022 was the heaviest.
Of this, €3.6m falls due within a year.
Between 2020 and 2025, 83% of the full-time equivalents disappeared.
Eight of the last ten came late. The 2023 accounts came latest: 436 days after the end of the period.
Lower solvency than 95% of companies in wholesale trade. Sector median 45.2% · 6,193 companies.
In July 2024, 6,908 companies had the same profile as PLANTACOTE has now. Each dot stands for 18 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 6,908 companies, not a prediction for PLANTACOTE. 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.
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| Company | ||||
|---|---|---|---|---|
| PLANTACOTE Herentals | - | - | -19.2% | 2 |
| STONEHENGE VC Sint-Martens-Latem | €0.3m | 54.0% | 42.8% | 1 |
| BELCROP Landen | €6.3m | 5.1% | 71.1% | 0.8 |
| Spraytec Europe Brussels | - | - | 51.5% | 1.8 |
| KANESHO SOIL TREATMENT Woluwe-Saint-Pierre | €16.4m | 30.3% | 87.9% | 2.2 |
| KOPPERT BELGIE Mechelen | €5.7m | 7.1% | 83.5% | 11.2 |
| AGRO RIEMST Riemst | €14.0m | 1.4% | 35.2% | 7 |
These companies have the same main activity as PLANTACOTE: wholesale trade (NACE 46852). They are comparable in size and age: total assets between €894,000 and €10m, founded between 1992 and 2022.
PLANTACOTE has existed since 2014. The gross margin fell from €8.7m in 2020 to €495,343 in 2021 and staff from 12 to 1.9 full-time equivalents.
Solvency fell in 2025 from 6.9% to -19.2% because of the loss and higher debts to suppliers.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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