PLAS
ActiveSummary
PLAS has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3,477 and a net result of €6,045. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 30% of 17,021 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 19-02-2002 Normal situation
- Activity
- Cafés and bars NACE 56301and 1 other
- Establishment unit
- 2.094.686.888 1210 Sint-Joost-ten-Node, since 03-05-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 05-02-2026
Board and ownership
- DA SILVA SOUSA TSOULELIS EftykiaDirector
- TSOULELIS SOUSA IoannisDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
- Gross margin
- €42,182
- ▼ 0.2%
- Turnover
- ≈ €180,000
- estimated
- Profit
- €6,045
- ▼ 56.1%
- Equity
- €3,477
- Total assets
- €60,760
- ▲ 6.2%
- Employees on 31-12-2025
- 2
- =
- 2025 accounts filed 17 days after the deadline
Score breakdownraises riskSector: Food and beverage service activities (NACE 56)Last filed accounts filed 17 days late; 1 of the last 3 accounts lateEquity €3,477 (5.7% of total assets)lowers riskFounded in 2002Show the evidence
Checked score
About 1 in 100 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 56, micro). It does better than 30% of them on solvency, 79% on liquidity, 67% on profitability and 95% on growth.
The bankruptcy probability was computed on 04-11-2026 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 7 accounts on average 67 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 17 days after the deadline Filed on 17 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00407559.
Annual accounts 2025 filed on 17-08-2026 at the NBB all 23 filings
Every figure per financial year
The operating result for 2025 is 55% lower than in 2024.
The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 2 | 2 |
| full-time | - | 0 |
| part-time | 2 | 2 |
| in full-time equivalents | 0.9 | 1.1 |
| Average over the year, in full-time equivalents | 0.6 | 0.8 |
| On a permanent contract | 1 | 2 |
| Joined | 10 | 3 |
| Left | 9 | 3 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €2,514 |
| Depreciation and write-downs of the year | €7,168 | €6,329 | €6,329 | €6,055 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €530 | - | - | €1,420 | - |
| Remuneration, social security and pensions62 | - | - | - | €16,963 | €25,049 | €20,870 | €29,354 | ▲ 40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €7,637 | €7,168 | €6,329 | €6,329 | €6,055 | ▼ 4.3% |
| Other operating charges640/8 | - | - | - | €277 | €95 | €326 | €130 | ▼ 60.1% |
| Non-recurring operating charges66A | - | - | - | €264 | - | - | - | - |
| Gross operating margin9900 | €51,911 | €55,761 | €16,880 | €11,185 | €33,784 | €42,268 | €42,182 | ▼ 0.2% |
| Operating profit (loss)9901 | €8,106 | -€73 | -€9,893 | -€13,487 | €2,311 | €14,743 | €6,643 | ▼ 54.9% |
| Recurring financial income75 | €0 | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €146 | €565 | €960 | €598 | ▼ 37.7% |
| Recurring financial charges65 | €187 | €2,160 | €583 | €146 | €565 | €960 | €598 | ▼ 37.7% |
| Profit (loss) for the period before taxes9903 | €7,920 | -€2,233 | -€10,475 | -€13,633 | €1,746 | €13,783 | €6,045 | ▼ 56.1% |
| Income taxes67/77 | €5,048 | €5,915 | €3,368 | - | - | - | - | - |
| Profit (loss) for the period9904 | €2,872 | -€8,147 | -€13,844 | -€13,633 | €1,746 | €13,783 | €6,045 | ▼ 56.1% |
| Profit (loss) for the period to be appropriated9905 | €2,872 | -€8,147 | -€13,844 | -€13,633 | €1,746 | €13,783 | €6,045 | ▼ 56.1% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €79,176 | €66,289 | €77,862 | €58,270 | €79,851 | €57,199 | €60,760 | ▲ 6.2% |
| Fixed assets21/28 | €59,087 | €59,087 | €51,450 | €36,644 | €30,315 | €23,986 | €20,445 | ▼ 14.8% |
| Tangible fixed assets22/27 | €58,659 | €58,659 | €51,023 | €36,217 | €29,888 | €23,559 | €20,018 | ▼ 15.0% |
| Plant, machinery and equipment23 | - | - | - | €8,301 | €6,624 | €4,948 | €6,060 | ▲ 22.5% |
| Other tangible fixed assets26 | - | - | - | €27,916 | €23,264 | €18,611 | €13,958 | ▼ 25.0% |
| Financial fixed assets28 | €427 | €427 | €427 | €427 | €427 | €427 | €427 | = |
| Current assets29/58 | €20,090 | €7,202 | €26,412 | €21,626 | €49,536 | €33,213 | €40,315 | ▲ 21.4% |
| Stocks and contracts in progress3 | €4,995 | €1,885 | €2,060 | €6,542 | €8,862 | €7,330 | €8,550 | ▲ 16.6% |
| Stocks30/36 | - | - | - | €6,542 | €8,862 | €7,330 | €8,550 | ▲ 16.6% |
| Amounts receivable within one year40/41 | €1,727 | €1,892 | €21,341 | €319 | €3 | - | €9,219 | - |
| Trade receivables40 | - | - | - | €311 | - | - | €9,219 | - |
| Other amounts receivable41 | - | - | - | €8 | €3 | - | - | - |
| Cash at bank and in hand54/58 | €13,367 | €3,264 | €3,011 | €13,708 | €39,464 | €24,733 | €21,353 | ▼ 13.7% |
| Deferred charges and accrued income490/1 | - | - | - | €1,057 | €1,207 | €1,150 | €1,193 | ▲ 3.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €79,176 | €66,289 | €77,862 | €58,270 | €79,851 | €57,199 | €60,760 | ▲ 6.2% |
| Equity10/15 | €16,920 | €8,772 | -€5,072 | -€18,097 | -€16,351 | -€2,568 | €3,477 | - |
| Contributions10/11 | €19,000 | €19,000 | - | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Profit (loss) carried forward14 | -€2,080 | -€10,228 | -€24,072 | -€37,097 | -€35,351 | -€21,568 | -€15,523 | ▲ 28.0% |
| Amounts payable17/49 | €62,257 | €57,517 | €82,933 | €76,367 | €96,202 | €59,767 | €57,283 | ▼ 4.2% |
| Amounts payable after more than one year17 | €50,000 | €50,000 | €50,000 | €50,000 | €22,000 | €45,000 | €33,000 | ▼ 26.7% |
| Financial debts170/4 | - | - | - | €50,000 | €22,000 | €45,000 | €33,000 | ▼ 26.7% |
| Amounts payable within one year42/48 | €12,257 | €7,517 | €32,933 | €23,907 | €41,129 | €14,767 | €24,283 | ▲ 64.4% |
| Trade debts44 | €8,939 | €701 | €1,841 | €4,016 | €1,028 | €3,487 | €2,892 | ▼ 17.1% |
| Suppliers440/4 | - | - | - | €4,016 | €1,028 | €3,487 | €2,892 | ▼ 17.1% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €10,325 | - |
| Taxes, remuneration and social security45 | - | - | - | €5,464 | €6,808 | €8,936 | €11,066 | ▲ 23.8% |
| Taxes450/3 | - | - | - | €3,942 | €5,512 | €4,670 | €5,686 | ▲ 21.8% |
| Remuneration and social security454/9 | - | - | - | €1,522 | €1,296 | €4,266 | €5,380 | ▲ 26.1% |
| Other amounts payable47/48 | - | - | - | €14,427 | €33,293 | €2,344 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €2,460 | €33,073 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,872 | -€8,147 | -€13,844 | -€13,633 | €1,746 | €13,783 | €6,045 | ▼ 56.1% |
| + Depreciation and write-downs630 | - | - | €7,637 | €7,168 | €6,329 | €6,329 | €6,055 | ▼ 4.3% |
| Operating cash flow (approximation) | €2,872 | -€8,147 | -€6,207 | -€6,465 | €8,075 | €20,112 | €12,100 | ▼ 39.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | €0 | €0 | -€2,514 | - |
| Change in cash | - | -€10,103 | -€253 | - | €25,756 | -€14,731 | -€3,380 | ▲ 77.1% |
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, 931 companies had the same profile as PLAS has now. Two years later, 93.2% were still going and 1.9% had gone bankrupt.
- Micro
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PLAS itself: 1.0% within 12 months.
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 931 companies, not a prediction for PLAS. 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.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 17-08-2026 | 2026-00407559 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00464768 | |
| 31-12-2023 | micro format | 01-10-2024 | 2024-00486418 | |
| 31-12-2022 | micro format | 30-09-2024 | 2024-00479608 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62600556 | |
| 31-12-2019 | full format | 11-06-2020 | 2020-16700006 | |
| 31-12-2018 | full format | 12-06-2019 | 2019-18200579 | |
| 31-12-2017 | full format | 15-06-2018 | 2018-19300024 | |
| 31-12-2016 | full format | 20-06-2017 | 2017-19600436 | |
| 31-12-2015 | full format | 17-06-2016 | 2016-19100417 |
Board & ownership
Directors
Full text
Première résolution : En application du Code des Sociétés et des Associations, l’assemblée générale décide d’adapter les statuts aux dispositions dudit code, de conserver la forme légale de la société à responsabilité limitée (en abrégé SRL) et de modifier ou confirmer les pouvoirs de représentations afin de permettre à un administrateur de représenter seul la société. Vote : Mise aux voix, cette résolution est adoptée à l'unanimité.
Owners and capital
Capital transactions
- 26-07-2024 Capital stated in the deed · 100 shares
Mandate history
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| DA SILVA SOUSA TSOULELIS Eftykia |
|
| TSOULELIS SOUSA Ioannis |
|
Network & group
PLAS shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of PLAS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
26-07
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsDirector in office: DA SILVA SOUSA TSOULELIS Eftykia · Director in office: TSOULELIS SOUSA Ioannis5 points ▸
- General meeting, 23-07-2024
- Director in office, DA SILVA SOUSA TSOULELIS Eftykia (director)
- Director in office, TSOULELIS SOUSA Ioannis (director)
- Incorporation, 07-02-2001
- 100 shares
- The act holds 5 more points.
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
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21014A0004/00N020 | Brussels | 1,814 m² | 1 · 1,610 m² | 20.5 m · 5 |