PLASSCHAERT

Active

Public limited companyfounded 198640 yrs activeBrugsesteenweg 135, 8520 Kuurne, BelgiumKBO/BCE: BE 0428.366.648

Summary

PLASSCHAERT has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €30,172. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 44% of 10485 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysis Watch Report Compare

PLASSCHAERTActiveChecked score 69/100

Risk analysis Report Compare

Checked score

Score 2025

69 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability70▼-3

Solvency57▼-11

Growth78=

Track record100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €95,000 at 30 days acceptable

Liquidity ample (current ratio 4.32 against 3.78 in 2024; short-term debt: 6% and cash: 0.1% of total assets), but 68% of the assets are financed with debt.

Credit check for your own amount and term

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Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Retail trade (NACE 47)

about 45% more bankruptcies

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

32%

Return on assets

0.7%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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 · 10 filings

Deviation from the deadline

2025

3 d late

2024

5 d late

2023

19 d late

2022

28 d early

2021

120 d late

2020

31 d early

2019

119 d late

← 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 30 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (2)

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.

Companies Code · seven months

Position in the running window

27-09-2026 today31-12-2026 close31-07-2027 deadline

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

History

PLASSCHAERT was incorporated on 5 February 1986.¹ The board currently has 2 members; Carine Deceuninck has served longest, since 2025.² Total assets rose from EUR 2.7 million in 2018 to EUR 4.5 million in 2025.³

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Financials · fiscal year 2025, abbreviated schema

Equity

€1.4m▲ 2.2%

2024 · €1.4m

Total assets

€4.5m▲ 38.0%

2024 · €3.2m

Net result

€30,172▼ 74.7%

2024 · €119,425

Working capital

€888,685▲ 2.1%

2024 · €870,312

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Operating result€69,940▼ 56.8%€117,146▲ 67.5%€111,081▼ 5.2%€163,793▲ 47.5%€63,530▼ 61.2%

Net result€8,727▼ 84.5%€44,556▲ 411%€78,578▲ 76.4%€119,425▲ 52.0%€30,172▼ 74.7%

Equity€1.2m▲ 0.8%€1.2m▲ 3.9%€1.3m▲ 6.6%€1.4m▲ 9.4%€1.4m▲ 2.2%

Total assets€3.5m▲ 19.4%€3.7m▲ 4.1%€3.0m▼ 18.4%€3.2m▲ 7.1%€4.5m▲ 38.0%

Debt€2.3m▲ 32.1%€2.4m▲ 4.3%€1.7m▼ 31.1%€1.8m▲ 8.9%€3.0m▲ 65.4%

Working capital€1.1m€1.1m▲ 3.1%€1.1m▼ 3.3%€870,312▼ 20.0%€888,685▲ 2.1%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 61% below 2024 and is the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €4.5m

74.0%

26.0%

Fixed assets €3.3m ▲ 61.4%

Current assets €1.2m ▼ 2.3%

Equity and liabilities €4.5m

32.0%

68.0%

Equity €1.4m ▲ 2.2%

Debt €3.0m ▲ 65.4%

Debt's share of the balance-sheet total rises from 56.8% to 68.0%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€244,583▲

2024 · €236,125

Cash flow

€211,225▲

2024 · €191,756

Current ratio

4.32▲

2024 · 3.78

Debt to equity

2.12▲

2024 · 1.31

ROE

2.1%▼

2024 · 8.6%

ROA

0.7%▼

2024 · 3.7%

Interest coverage

10.55▼

2024 · 50.98

Debt ≤ 1 year

€267,727▼

2024 · €313,202

Debt > 1 year

€2.8m▲

2024 · €1.5m

Income taxes

€10,834▼

2024 · €39,808

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

Small
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet

0.2% went bankrupt

3.5% stopped otherwise

96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.4%
3	0.5%	0.5%
4	0.6%	0.7%
5	0.8%	0.9%
6	1.2%	1.3%
7	1.5%	1.6%
8	1.7%	1.7%
9	2.7%	2.8%
10	5.3%	5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 14,684 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines

Balance sheet Code20242025

Assets

Total assets20/58€3.2m€4.5m▲

Fixed assets21/28€2.0m€3.3m▲

Tangible fixed assets22/27€2.0m€3.3m▲

Land and buildings22€2.0m€3.3m▲

Plant, machinery and equipment23€9,514€7,518▼

Current assets29/58€1.2m€1.2m▼

Amounts receivable after more than one year29€0-

Other amounts receivable291€0-

Amounts receivable within one year40/41€903,236€1.1m▲

Trade receivables40-€82,796

Other amounts receivable41€903,236€1.1m▲

Cash at bank and in hand54/58€280,278€4,957▼

Deferred charges and accrued income490/1€0€2,755▲

Equity and liabilities

Total equity and liabilities10/49€3.2m€4.5m▲

Equity10/15€1.4m€1.4m▲

Contributions10/11€822,279€822,279=

Capital10€822,279€822,279=

Issued capital100€822,279€822,279=

Reserves13€573,095€603,266▲

Non-distributable reserves130/1€82,228€82,228=

Legal reserve130€82,228€82,228=

Tax-exempt reserves132€18,750€18,750=

Distributable reserves133€472,117€502,288▲

Provisions and deferred taxes16€0-

Provisions for liabilities and charges160/5€0-

Major repairs and maintenance162€0-

Amounts payable17/49€1.8m€3.0m▲

Amounts payable after more than one year17€1.5m€2.8m▲

Financial debts170/4€1.5m€2.8m▲

Amounts payable within one year42/48€313,202€267,727▼

Current portion of amounts payable after more than one year42€39,652€172,492▲

Trade debts44€263,742€93,770▼

Suppliers440/4€263,742€93,770▼

Taxes, remuneration and social security45€9,808€1,466▼

Taxes450/3€9,808€1,466▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€72,331€181,053▲

Provisions for liabilities and charges: additions (uses and reversals)635/8-€55,000€0▲

Other operating charges640/8€32,873€34,037▲

Gross operating margin9900€213,997€278,620▲

Operating profit (loss)9901€163,793€63,530▼

Financial income75/76B€71€652▲

Recurring financial income75€71€652▲

Financial charges65/66B€4,631€23,176▲

Recurring financial charges65€4,631€23,176▲

Profit (loss) for the period before taxes9903€159,233€41,006▼

Income taxes67/77€39,808€10,834▼

Profit (loss) for the period9904€119,425€30,172▼

Profit (loss) for the period to be appropriated9905€119,425€30,172▼

Appropriation of the result

Profit (loss) to be appropriated9906€119,425€30,172▼

Transfer to equity691/2€119,425€30,172▼

To other reserves6921€119,425€30,172▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€99,742	€84,983	€70,849	€72,331	€181,053	▲ 150%
Provisions for liabilities and charges: additions (uses and reversals)635/8	-	-	-	-€55,000	€0	▲ 100%
Other operating charges640/8	€27,751	€30,558	€50,150	€32,873	€34,037	▲ 3.5%
Gross operating margin9900	€197,433	€232,687	€232,079	€213,997	€278,620	▲ 30.2%
Operating profit (loss)9901	€69,940	€117,146	€111,081	€163,793	€63,530	▼ 61.2%
Financial income75/76B	-	€2,572	€0	€71	€652	▲ 821%
Recurring financial income75	-	€2,572	€0	€71	€652	▲ 821%
Financial charges65/66B	€49,712	€58,996	€5,312	€4,631	€23,176	▲ 400%
Recurring financial charges65	€49,712	€58,996	€5,312	€4,631	€23,176	▲ 400%
Profit (loss) for the period before taxes9903	€20,228	€60,722	€105,769	€159,233	€41,006	▼ 74.2%
Income taxes67/77	€11,501	€16,167	€27,190	€39,808	€10,834	▼ 72.8%
Profit (loss) for the period9904	€8,727	€44,556	€78,578	€119,425	€30,172	▼ 74.7%
Profit (loss) for the period to be appropriated9905	€8,727	€44,556	€78,578	€119,425	€30,172	▼ 74.7%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€3.5m	€3.7m	€3.0m	€3.2m	€4.5m	▲ 38.0%
Fixed assets21/28	€2.0m	€1.9m	€1.8m	€2.0m	€3.3m	▲ 61.4%
Tangible fixed assets22/27	€2.0m	€1.9m	€1.8m	€2.0m	€3.3m	▲ 61.4%
Land and buildings22	€2.0m	€1.9m	€1.8m	€2.0m	€3.3m	▲ 61.8%
Plant, machinery and equipment23	-	-	-	€9,514	€7,518	▼ 21.0%
Current assets29/58	€1.6m	€1.8m	€1.2m	€1.2m	€1.2m	▼ 2.3%
Amounts receivable after more than one year29	€100,500	€97,295	€97,295	€0	-	-
Other amounts receivable291	€100,500	€97,295	€97,295	€0	-	-
Amounts receivable within one year40/41	€1.5m	€1.7m	€1.1m	€903,236	€1.1m	▲ 27.2%
Trade receivables40	€0	-	-	-	€82,796	-
Other amounts receivable41	€1.5m	€1.7m	€1.1m	€903,236	€1.1m	▲ 18.0%
Cash at bank and in hand54/58	€9,693	€15,706	€19,582	€280,278	€4,957	▼ 98.2%
Deferred charges and accrued income490/1	€0	€4,872	€449	€0	€2,755	-
Equity and liabilities
Total equity and liabilities10/49	€3.5m	€3.7m	€3.0m	€3.2m	€4.5m	▲ 38.0%
Equity10/15	€1.2m	€1.2m	€1.3m	€1.4m	€1.4m	▲ 2.2%
Contributions10/11	€822,279	€822,279	€822,279	€822,279	€822,279	=
Capital10	€822,279	€822,279	€822,279	€822,279	€822,279	=
Issued capital100	€822,279	€822,279	€822,279	€822,279	€822,279	=
Reserves13	€330,536	€375,091	€453,670	€573,095	€603,266	▲ 5.3%
Non-distributable reserves130/1	€82,228	€82,228	€82,228	€82,228	€82,228	=
Legal reserve130	€82,228	€82,228	€82,228	€82,228	€82,228	=
Tax-exempt reserves132	€18,750	€18,750	€18,750	€18,750	€18,750	=
Distributable reserves133	€229,558	€274,114	€352,692	€472,117	€502,288	▲ 6.4%
Provisions and deferred taxes16	€55,000	€55,000	€55,000	€0	-	-
Provisions for liabilities and charges160/5	€55,000	€55,000	€55,000	€0	-	-
Major repairs and maintenance162	€55,000	€55,000	€55,000	€0	-	-
Amounts payable17/49	€2.3m	€2.4m	€1.7m	€1.8m	€3.0m	▲ 65.4%
Amounts payable after more than one year17	€1.8m	€1.7m	€1.6m	€1.5m	€2.8m	▲ 81.9%
Financial debts170/4	€1.8m	€1.7m	€1.6m	€1.5m	€2.8m	▲ 81.9%
Amounts payable within one year42/48	€501,781	€696,933	€123,455	€313,202	€267,727	▼ 14.5%
Current portion of amounts payable after more than one year42	€144,718	€147,011	€94,055	€39,652	€172,492	▲ 335%
Trade debts44	€61	€0	€1,043	€263,742	€93,770	▼ 64.4%
Suppliers440/4	€61	€0	€1,043	€263,742	€93,770	▼ 64.4%
Taxes, remuneration and social security45	€5,363	€21,530	€28,357	€9,808	€1,466	▼ 85.1%
Taxes450/3	€5,363	€21,530	€28,357	€9,808	€1,466	▼ 85.1%
Other amounts payable47/48	€351,640	€528,393	€0	-	-	-
Accrued charges and deferred income492/3	€40,794	€92,174	€0	-	-	-

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€8,727	€44,556	€78,578	€119,425	€30,172	▼ 74.7%
+ Depreciation and write-downs630	€99,742	€84,983	€70,849	€72,331	€181,053	▲ 150%
Operating cash flow (approximation)	€108,468	€129,538	€149,427	€191,756	€211,225	▲ 10.2%
Investment in fixed assets (approximation)	-	€0	€0	-€314,752	-€1.4m	▼ 356%
Change in cash	-	€6,014	€3,876	€260,696	-€275,321	▼ 206%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 15Financial 4Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

14-08

State Gazette act Reappointments: Luc Moyaert (managing director) and Carine Deceuninck (director)

5 facts ▸

Board meeting, 07-06-2025
Director reappointment, Luc Moyaert (managing director)
General meeting, 07-06-2025
Director reappointment, Luc Moyaert (director)
Director reappointment, Carine Deceuninck (director)

03-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 3 days late

2025

05-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 5 days late

2024

31-12

Financial Highest result since 2018net €119,425 ▲52%

Operating result €163,793, net result €119,425, both a record.

19-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 19 days late

2023

31-12

Financial Liquidity quadruplescurrent ratio 9.81

Current ratio from 2.61 to 9.81; short-term debt falls from €696,933 to €123,455.

03-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

28-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 120 days late

2021

31-12

Financial Weakest financial yearnet €8,727 ▼84.5%

Net result drops to €8,727, the lowest in the series; recovery starts the following year.

31-12

Financial Liquidity triplescurrent ratio 3.17

Current ratio from 0.96 to 3.17; short-term debt falls from €1.5m to €501,781.

30-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

27-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 119 days late

Show earlier events

2019

22-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 22 days late

2018

27-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 27 days late

2017

24-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 24 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

1 of 6 acts read

About the unread acts

Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

2 directors, 1 in day-to-day management, last change in 2025

Board 2

Carine Deceuninck

Director · since 07-06-2025

Current

Luc Moyaert

Director · since 07-06-2025

Current

Day-to-day management 1

Luc Moyaert

Managing director · since 07-06-2025

Current

Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →

Not every act has been read: a resignation may be missing here

5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Kuurne · 1 establishment unit since 1986

seat establishment The establishment unit on the map

Ground area

2,523 m²

Building footprint

1,605 m²

Volume, LiDAR

8,536 m³

Parcel 34023B0905/00R000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.

4 companies at this address See who is registered here

1 establishment unit

N.V. PLASSCHAERT

Brugsesteenweg 135, 8520 KuurneNACE 50101

since 19862.129.368.348

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34023B0905/00R000	Flanders	2,523 m²	1 · 1,605 m²	7.9 m · 2 fl.

Linked by address, not proof of ownership

Good to know

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Mandate history

2 people since 2025, 2 in office

All 2 In office 2

Board
Day-to-day management
began earlier

Mandates per person, with start and end dates
Name	Functions and periods
Carine Deceuninck	Director, already before 07-06-2025 to date
Luc Moyaert	Director, already before 07-06-2025 to date Managing director, already before 07-06-2025 to date

See the board, name and seat on a given date →

Articles of association

Who signs

A managing director alone

according to the deed of 14-08-2026

Structure & network

Connections & network

2 current directors

Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

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Of 10,664 companies in sector 47811 we hold annual accounts for 5,221. 2,658 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPublic limited company

Founded05-02-1986

Fiscal year end31-12

Activities, NACEBEL 2025

47811Retail sale of cars and light vans (up to 3.5 tonnes)

E-invoicing

Reachable via Peppol

Peppol ID 0208:0428366648

Also 9925:BE0428366648

Registered 13-11-2025

Scores and ratios are computed by Checked and are not a credit decision.