PLASSCHAERT
ActivePLASSCHAERT has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €281k and a net result of €115k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 46% of 3099 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
91
/ 100
Excellent▲ +51 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency68▲+9
Growth68▲+17
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.02 against 2.04 in 2024), but 70.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.3%
Return on assets
12%
Age of the figures
11 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €281k
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-08-2026, 121 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
121 d late
2024
31 d late
2023
31 d late
2022
235 d late
2021
24 d late
2020
20 d late
2019
87 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€198k▲ 13.2%
2020 · €175k
2018: €173k
2019: €170k
2020: €175k
2018 → 2021
EBIT margin
5.2%▲ 2.2pp
2020 · 2.9%
2018: 8.3%
2019: 5.2%
2020: 2.9%
2018 → 2021
Net result
€115k
2024 · €-5k
2018: €7k
2019: €2k
2020: €1k
2021: €6k
2022: €6k
2023: €-4k
2024: €-5k
2018 → 2025
Working capital
€213k▲ 144%
2024 · €87k
2018: €-172k
2019: €-210k
2020: €-236k
2021: €-253k
2022: €70k
2023: €96k
2024: €87k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€198k-
Equity€168k-€174k▲ 3.7%€171k▼ 2.1%€166k▼ 3.0%€281k▲ 69.3%
Operating result€10k-€11k▲ 6.5%€-913€-2k▼ 147%€148k
Net result€6k-€6k▲ 4.0%€-4k€-5k▼ 35.8%€115k
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 returns to profit in 2025: €148k after a loss of €2k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €958k
Fixed assets
€537k▲ 7.6%
Current assets
€421k▲ 146%
Equity and liabilities €958k
Equity
€281k▲ 69.3%
Debt
€677k▲ 34.3%
The debt ratio falls from 75.3% to 70.7%: equity grows faster than debt.
Key figures and ratios
EBITDA
€200k▲
2024 · €42k
Cash flow
€167k▲
2024 · €39k
Solvency
29.3%▲
2024 · 24.7%
Current ratio
2.02▼
2024 · 2.04
Quick ratio
1.45▲
2024 · 0.25
Debt / equity
2.41▼
2024 · 3.04
ROE
40.9%▲
2024 · -3.1%
ROA
12.0%▲
2024 · -0.8%
Interest coverage
67.61▲
2024 · 14.44
Debt
€677k▲
2024 · €504k
Debt ≤ 1 year
€208k▲
2024 · €84k
Debt > 1 year
€438k▲
2024 · €421k
Income taxes
€30k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€670k€958k▲
Fixed assets21/28€499k€537k▲
Tangible fixed assets22/27€499k€537k▲
Land and buildings22€385k€364k▼
Plant, machinery and equipment23€65k€110k▲
Furniture and vehicles24€48k€48k=
Other tangible fixed assets26-€15k
Current assets29/58€171k€421k▲
Stocks and contracts in progress3€150k€118k▼
Stocks30/36€150k€118k▼
Amounts receivable within one year40/41€13k€294k▲
Trade receivables40€12k€293k▲
Other amounts receivable41€1k€1k▲
Cash at bank and in hand54/58€4k€5k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€670k€958k▲
Equity10/15€166k€281k▲
Contributions10/11€94k€94k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€70k€185k▲
Amounts payable17/49€504k€677k▲
Amounts payable after more than one year17€421k€438k▲
Financial debts170/4€43k€55k▲
Other amounts payable178/9€377k€383k▲
Amounts payable within one year42/48€84k€208k▲
Current portion of amounts payable after more than one year42€39k€44k▲
Trade debts44€32k€75k▲
Suppliers440/4€32k€75k▲
Advances received on contracts in progress46-€11k
Taxes, remuneration and social security45€13k€78k▲
Taxes450/3€9k€74k▲
Remuneration and social security454/9€4k€5k▲
Accrued charges and deferred income492/3-€32k
Income statement
Code20242025
Non-recurring operating income76A-€1k
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€52k▲
Other operating charges640/8€7k€3k▼
Gross operating margin9900€49k€202k▲
Operating profit (loss)9901€-2k€148k▲
Financial income75/76B€99€0▼
Recurring financial income75€99€0▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€-5k€145k▲
Income taxes67/77-€30k
Profit (loss) for the period9904€-5k€115k▲
Profit (loss) for the period to be appropriated9905€-5k€115k▲
Appropriation of the result
Profit (loss) to be appropriated9906€70k€185k▲
Profit (loss) brought forward from the previous period14P€75k€70k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 121 days late
2025
30-09
Financial
Back to profitnet €115k
Net result €115k after 2 loss-making years.
30-09
Financial
Equity above €200kEq €281k ▲69.3%
Equity rises from €166k to €281k.
31-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
30-09
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 235 days late
2022
30-09
Financial
Liquidity times 6current ratio 2.21
Current ratio from 0.36 to 2.21; short-term debt falls from €398k to €58k.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 20 days late
2020
03-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
01-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Middelkerke · 1 establishment unit since 1987
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Snipgatstraat 98432 MiddelkerkeGround area
1.6 ha
Building footprint
595 m²
Volume, LiDAR
3,108 m³
Parcel 35008C0853/00A002, Flanders · tallest building 20.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Snipgatstraat 9, 8432 Middelkerke
since 19872.034.141.270
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35008C0853/00A002 | Flanders | 1.6 ha | 1 · 595 m² | 20.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMiddelkerke2.034.141.270
Dual-learning approval
1 live approvalPaardenhouderij duaal (so)
Similar companies · same sector, comparable size
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OP DEN DRIES
BE 0424.255.630
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STUD V.V.
BE 0682.594.344
Sint-Pieters-Leeuw · Eq €281k
Haras de Prépinson
BE 0699.571.027
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GD SPORTHORSES
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Of 1,947 companies in sector 01430 we hold annual accounts for 739. 502 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-12-1986
Fiscal year end30-09
Activities, NACEBEL
01500Mixed farming
01430Raising of horses and other equines
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.