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PLASTIC COLOR

Active
Public limited companyfounded 197749 years activeIndustrielaan 10, 9320 Aalst, BelgiumKBO/BCE: BE 0417.461.967
Summary

PLASTIC COLOR has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of -€105,535. Equity is shrinking by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 14% of 227 sector peers (NACE 22, fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Overview

Activity
Manufacture of rubber and plastic products
NACE 22240Manufacture of rubber and plastic products NACE 22260
1 site
Size
€13.4mturnover 2025
Staff
42.5 FTE
Equity
€1.7m
Loss
-€105,535
Financial health
65 Healthy Checked score 2025
Bankruptcy probability, 12 months
1.2%
Structure
Parent
EURELEC BELGIUM · 100%
Holdings
1
Auditor: Figurad Bedrijfsrevisoren bvAccounts filed 31 days late1 of 16 deeds read
Why 65- Equity €1.7m (16.6% of total assets)- Liquidity: current ratio 1.77, cash €330,263, halved- Sector Manufacture of rubber and plastic products (NACE 22)- Latest accounts 31 days late; 1 of the last 3 lateShow the evidence

Checked score

Score 2025
65 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 37% of its sector peers (NACE 22, small)
Financial strength · tick = 2024
Average
Solvency 42=
equity 16.6% of total assets
Liquidity 45-6
short-term debt 23.8% · cash 3.2%
Profitability 58+27
return on assets -1.0%
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (161 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025lowest value 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025 08-2025: 0.6%▲ +0.2 percentage points vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 1.1%▲ +0.5 percentage points vs 07-2026 09-2026: 1.2%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 1.2%● unchanged vs 09-2026highest value
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 1.77 against 1.39 in 2024; short-term debt: 23.8% and cash: 3.2% of total assets), but 83.4% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 22, small): better than 18% on solvency, 49% on liquidity, 37% on profitability and 44% on growth.

The bankruptcy probability was computed on 06-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
+raises risk○neutral
raises risk · Equity €1.7m (16.6% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.77, cash €330,263, halved
NBB · annual accounts
raises risk · Sector Manufacture of rubber and plastic products (NACE 22)
KBO
raises risk · Latest accounts 31 days late; 1 of the last 3 late
NBB · filings
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€105,535
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 227 sector peers (2025).
NBB · sector comparison
Position among 227 sector peers
Solvency
better than 14%
← weakest strongest →
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 days late
2024
21 days early
2023
12 days early
2022
11 days early
2021
32 days early
2020
16 days early
2019
46 days 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 15 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% 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 20 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Reappointment: Figurad Bedrijfsrevisoren BV (statutory auditor)State Gazette act
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Positive: Result rose in 2025from -€529,957 to -€105,535 ▲ 80.1% View
  • Caution: Among the weakest 14% on solvencysector median 50.2% · 227 companies 16.6% View
  • Controlled by EURELEC BELGIUMultimately: Adula Holding GmbH 100% View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€105,535 View
  • Active since 1977founded 29-08-1977 49 years View

By topic

Financials

Fiscal year
2025
Turnover
€13.4m
Loss
-€105,535
Solvency
16.6%
Turnover▲ 2.4%
Net result
20222025
Go to Financials

Timeline

Events
17
Since
2017
Next accounts
by 31-07-2027
  1. 19-07-2024Annual accounts filed
  2. 31-12-2023Back to profit
  3. 31-12-2023Liquidity triples
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of rubber and plastic productsNACE 22240
Founded
29-08-1977
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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