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PLASTIBAC

Active
Public limited companyfounded 198244 yrs activePieter Verhaeghestraat 20, 8520 Kuurne, BelgiumKBO/BCE: BE 0422.488.745
Summary

PLASTIBAC has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of €216,591. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 55% of 5451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
PLASTIBACActiveChecked score 86/100
Risk analysis ReportCompare

Overview

Activity
Non-specialised wholesale trade
NACE 46900Wholesale of non-electrical household articles NACE 46494NACE 51471
1 site
Size
€3.9mtotal assets 2025
Staff
4.8 FTE
Equity
€2.0m
Profit
€216,591
Financial health
86 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Parent
2PG GROUP · 100%
Board
4 members
Accounts filed 31 d late1 of 9 deeds read
Why 86- Liquidity: current ratio 1.99, cash €8,875- Latest accounts 31 days late; 1 of the last 3 late+ Founded in 1982+ Figures for FY 2025 (filed 31-08-2026)Show the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Better than 37% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 76-10
equity 50.5% of total assets
Liquidity 26-21
short-term debt 49.5% · cash 0.2%
Profitability 60+26
return on assets 5.6%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,765 companies)
Last 17 months 06-2025: 0.3% 07-2025: 0.4%▲ +33.0% vs 06-2025 08-2025: 0.2%▼ -47.5% vs 07-2025lowest value 09-2025: 0.2%● 0.0% vs 08-2025lowest value 10-2025: 0.2%● 0.0% vs 09-2025lowest value 11-2025: 0.2%● 0.0% vs 10-2025lowest value 12-2025: 0.2%● 0.0% vs 11-2025lowest value 01-2026: 0.2%● 0.0% vs 12-2025lowest value 02-2026: 0.2%● 0.0% vs 01-2026lowest value 03-2026: 0.2%▲ +21.2% vs 02-2026 04-2026: 0.3%▲ +2.4% vs 03-2026 05-2026: 0.3%▲ +3.6% vs 04-2026 06-2026: 0.3%▲ +3.4% vs 05-2026 07-2026: 0.3%▼ -0.4% vs 06-2026 08-2026: 0.7%▲ +146% vs 07-2026highest value 09-2026: 0.2%▼ -64.4% vs 08-2026 10-2026: 0.2%● 0.0% vs 09-2026
  • Liquidity: current ratio 1.99, cash €8,875 raises the probability
  • Founded in 1982 lowers the probability for this profile
  • Latest accounts 31 days late; 1 of the last 3 late raises the probability
  • Figures for FY 2025 (filed 31-08-2026) lowers the probability
Credit up to €160,000 at 30 days acceptable
Liquidity ample (current ratio 1.99 against 6.68 in 2024; short-term debt: 49.5% and cash: 0.2% of total assets), and 49.5% of the assets are financed with debt.
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 46, micro). Better than this share of them on solvency 58%, liquidity 23%, profitability 45%, growth against the median 23%. 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

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 1.99, cash €8,875
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1982
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Latest accounts 31 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Figures for FY 2025 (filed 31-08-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
31 d late
2024
9 d early
2023
5 d early
2022
4 d early
2021
31 d early
2020
26 d early
2019
9 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 8 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 27 July (4 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 · full…
  2. Resignation: VANJANCO (director)Permanent representatives: Eline DEMEULEMEESTER and…
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Positive: Result rose in 2025from €116,918 to €216,591 ▲ 85.2% View
  • Positive: 8 profitable years in a rowprofit 2025: €216,591 8 years View
  • Controlled by 2PG GROUPultimately: VANJANCO 100% View
  • A director leftlatest change 28-05-2026 · 4 in office 1 left View

By topic

Financials

Fiscal year
2025
Total assets
€3.9m
Profit
€216,591
Solvency
50.5%
Total assets▲ 4.8%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 31-08-2026Annual accounts filed
  2. 28-05-2026Resignation: VANJANCO (director)
  3. 22-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Non-specialised wholesale tradeNACE 46900
Founded
18-02-1982
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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