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Plantin Development

Active
Private limited companyfounded 20169 yrs activeVredestraat 53, 8790 Waregem, BelgiumKBO/BCE: BE 0668.433.532
Summary

The computed 12-month bankruptcy probability of Plantin Development is 2.5% (moderate). The 2025 annual accounts show negative equity (-€3.0m) and a net result of -€1.9m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 9986 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

What they do
Renting and operating of own or leased residential real estate, excluding social housing
NACE 68201
1 site
How big
€27.1mtotal assets 2025
Equity
-€3.0m
Loss
-€1.9m
Net result -517%: other schema
Financially healthy?
50 Fair Checked score 2025
Bankruptcy chance 12 m
2.5%
Who decides
Parent
BELGIAN LAND · 100%
Auditor: KPMG Réviseurs d'EntreprisesAccounts 36 d early1 of 8 deeds read
Why 50- 2 changes of registered office in 24 months- Liquidity: current ratio 0.23, cash €42,904- Negative equity -€3.0m+ Size: total assets €27.1mShow the evidence

Checked score

Score 2025
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 8% of its sector peers (NACE 68, medium-sized)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency 14-6
equity -11.2% of total assets
Liquidity 12-4
short-term debt 70.9% · cash 0.2%
Profitability 20-14
return on assets -7.1%
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (1,709 companies)
Last 3 months 08-2026: 2.5%highest value 09-2026: 2.5%● 0.0% vs 08-2026highest value 10-2026: 2.5%● 0.0% vs 09-2026highest value
  • 2 changes of registered office in 24 months raises the probability
  • Size: total assets €27.1m lowers the probability for this profile
  • Liquidity: current ratio 0.23, cash €42,904 raises the probability
  • Negative equity -€3.0m raises the probability
No credit on open account
Liquidity short (current ratio 0.23 against 0.34 in 2024; short-term debt: 70.9% and cash: 0.2% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, medium-sized). Better than this share of them on solvency 4%, liquidity 11%, profitability 13%, growth against the median 3%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 2 changes of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
lowers risk · Size: total assets €27.1m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.23, cash €42,904
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity -€3.0m
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€3.0m
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 25-06-2026, 36 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
36 d early
2024
21 d late
2023
7 d early
2022
4 d early
2021
30 d early
2020
4 d late
2019
29 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

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. Usually files around 25 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Appointment: KPMG Bedrijfsrevisoren BV (statutory auditor)Registered-office move · Statutes amendment…
  3. Weakest financial yearnet -€1.9m

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€3.0m View
  • Risk: 4 loss-making years in a rowloss fiscal year 2025 -€1.9m View
  • Caution: Result fell in 2025different schema filed ▼ 517% View
  • Caution: Among the weakest 5% on net resultsector median €10,350 · 9,976 companies -€1.9m View
  • Controlled by BELGIAN LAND 100% View

By topic

Financials

Fiscal year
2025
Total assets
€27.1m
Loss
-€1.9m
Solvency
-11.2%
Go to Financials

Timeline

Events
12
Since
2018
Next accounts
by 31-07-2027
  1. 25-06-2026Annual accounts filed
  2. 31-03-2026Appointment: KPMG Bedrijfsrevisoren BV (statutory auditor)
  3. 31-12-2025Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Renting and operating of own or leased residential…NACE 68201
Founded
23-12-2016
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
21
Who signs
Two directors jointly
Annual meeting
First Wednesday of May at 15:00
Purpose
De ontwikkeling, het ontwerp, het beheer, de planning, de coördinatie, de realisatie, de…
Go to Articles of association

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