PLASTIBAC
ActivePLASTIBAC has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.95M and a net result of €217k. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 56% of 4860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60▲+26
Solvency76▼-10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k 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.
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 · 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
50.5%
Return on assets
5.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 filingsDeviation 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 →
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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€217k▲ 85.2%
2024 · €117k
2018: €232k
2019: €93k
2020: €15k
2021: €133k
2022: €116k
2023: €66k
2024: €117k
2018 → 2025
Working capital
€1.90M▼ 39.4%
2024 · €3.13M
2018: €1.59M
2019: €1.70M
2020: €2.10M
2021: €2.68M
2022: €2.85M
2023: €3.03M
2024: €3.13M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.94M-€2.05M▲ 6.0%€2.12M▲ 3.2%€2.24M▲ 5.5%€1.95M▼ 12.7%
Operating result€154k-€171k▲ 11.0%€63k▼ 63.4%€101k▲ 61.0%€232k▲ 130%
Net result€133k-€116k▼ 12.8%€66k▼ 43.3%€117k▲ 78.2%€217k▲ 85.2%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 130% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.87M
Fixed assets
€56k▲ 1,002%
Current assets
€3.81M▲ 3.4%
Equity and liabilities €3.87M
Equity
€1.95M▼ 12.7%
Debt
€1.91M▲ 31.8%
The debt ratio rises from 39.4% to 49.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€244k▲
2024 · €119k
Cash flow
€228k▲
2024 · €135k
Solvency
50.5%▼
2024 · 60.6%
Current ratio
1.99▼
2024 · 6.68
Quick ratio
0.53▼
2024 · 1.74
Debt / equity
0.98▲
2024 · 0.65
ROE
11.1%▲
2024 · 5.2%
ROA
5.6%▲
2024 · 3.2%
Interest coverage
4.15▲
2024 · 1.40
Debt
€1.91M▲
2024 · €1.45M
Debt ≤ 1 year
€1.91M▲
2024 · €552k
Debt > 1 year
€0▼
2024 · €900k
Income taxes
€77k▲
2024 · €47k
Staff costs
€458k▼
2024 · €475k
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€3.69M€3.87M▲
Fixed assets21/28€5k€56k▲
Intangible fixed assets21€1k€2k▲
Tangible fixed assets22/27€3k€53k▲
Plant, machinery and equipment23€3k€53k▲
Furniture and vehicles24€0-
Financial fixed assets28€1k€1k=
Current assets29/58€3.68M€3.81M▲
Stocks and contracts in progress3€2.72M€2.79M▲
Stocks30/36€2.72M€2.79M▲
Amounts receivable within one year40/41€933k€999k▲
Trade receivables40€670k€750k▲
Other amounts receivable41€263k€249k▼
Cash at bank and in hand54/58€0€9k▲
Deferred charges and accrued income490/1€26k€12k▼
Equity and liabilities
Total equity and liabilities10/49€3.69M€3.87M▲
Equity10/15€2.24M€1.95M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€2.18M€1.89M▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€2.17M€1.89M▼
Profit (loss) carried forward14-€0
Amounts payable17/49€1.45M€1.91M▲
Amounts payable after more than one year17€900k€0▼
Other amounts payable178/9€900k€0▼
Amounts payable within one year42/48€552k€1.91M▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€409k€1.80M▲
Suppliers440/4€409k€1.80M▲
Advances received on contracts in progress46-€17k
Taxes, remuneration and social security45€143k€99k▼
Taxes450/3€73k€44k▼
Remuneration and social security454/9€70k€55k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€0€21k▲
Remuneration, social security and pensions62€475k€458k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€12k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€19k€43k▲
Other operating charges640/8€7k€5k▼
Gross operating margin9900€620k€750k▲
Operating profit (loss)9901€101k€232k▲
Financial income75/76B€148k€120k▼
Recurring financial income75€148k€120k▼
Financial charges65/66B€85k€59k▼
Recurring financial charges65€85k€59k▼
Profit (loss) for the period before taxes9903€164k€293k▲
Income taxes67/77€47k€77k▲
Profit (loss) for the period9904€117k€217k▲
Profit (loss) for the period to be appropriated9905€117k€217k▲
Appropriation of the result
Profit (loss) to be appropriated9906€117k€217k▲
Transfer from equity791/2-€500k
Transfer to equity691/2€117k€217k▲
To other reserves6921€117k€217k▲
Profit to be distributed694/7-€500k
Return on contributions (dividend)694-€500k
Social balance
Average headcount (FTE)90875.04.8▼
The notes to these accounts (17 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €2MEq €2.05M ▲6%
5 profitable years in a row build equity to €2.05M.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €15k ▼83.8%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2019
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
04-07-2019
VANDERBEKE Freddy: Resigned as Manager
04-07-2019
VANDERBEKE Jan: Resigned as Manager
28-04-2014
Hellen Vanderbeke: Resigned as Manager
Location & real-estate footprint
Registered office, Kuurne · 1 establishment unit since 1982
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.
Pieter Verhaeghestraat 208520 KuurneGround area
3.4 ha
Building footprint
1.6 ha
Volume, LiDAR
9,197 m³
Parcel 34023A0497/00C000, Flanders · tallest building 17.7 m. Linked by address, not a title deed.
1 establishment unit
PLASTIBAC
since 19822.020.286.702
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34023A0497/00C000 | Flanders | 3.4 ha | 1 · 1.6 ha | 17.7 m |
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.
Structure & network
Connections & network
3 connected companiesNetwork connections
Shared address
→
Shared address
→
Shared address
→
Recognitions · licences · registrations
Food safety, FASFC
1 siteKuurne2.020.286.702
Similar companies · same sector, comparable size
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VERPAKKINGEN HARDY
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KPMB
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ADDEV EUROBANDS
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Anzegem · Eq €1.99M
Of 1,565 companies in sector 46900 we hold annual accounts for 920. 530 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-02-1982
Fiscal year end31-12
Activities, NACEBEL
46494Wholesale of non-electrical household articles
46900Non-specialised wholesale trade
51471
51900
Sources
Crossroads Bank for EnterprisesNational Bank · 44 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.