PlasticisersPlus
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 15-05-2026 PDF all 11 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€64,784
2024 · €8,026
Working capital
€30,401▼ 68.1%
2024 · €95,185
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€64,538
2025
20182025
Net result
-€64,784
2025
lowest quarter of the sector
20182025
Equity
€30,401
▼ 68.1%
2025
lowest quarter of the sector
20182025
Total assets
€88,262
▼ 10.2%
2025
lowest quarter of the sector
20182025
Debt
€57,861
▲ 18×
2025
20182025
Working capital
€30,401
▼ 68.1%
2025
middle half of the sector
20182025
Solvency
34.4%
▼ 62.4pp
2025
middle half of the sector
20182025
Current ratio
1.53
▼ 29.75
2025
middle half of the sector
20182025
Return on assets (ROA)
-73.4%
▼ 81.6pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€5,383--€2,386€1,390€2,979▲ 114%-€46,700€28,106€8,384▼ 70.2%-€64,538
Net result€5,153--€2,645€1,134within the sector's middle half€2,490within the sector's middle half▲ 120%-€47,198below the sector's middle half€27,579within the sector's middle half€8,026within the sector's middle half▼ 70.9%-€64,784below the sector's middle half
Equity€105,798-€103,153▼ 2.5%€104,287within the sector's middle half▲ 1.1%€106,778within the sector's middle half▲ 2.4%€59,580within the sector's middle half▼ 44.2%€87,159within the sector's middle half▲ 46.3%€95,185within the sector's middle half▲ 9.2%€30,401below the sector's middle half▼ 68.1%
Total assets€234,279-€229,951▼ 1.8%€183,079below the sector's middle half▼ 20.4%€222,953below the sector's middle half▲ 21.8%€188,481below the sector's middle half▼ 15.5%€97,685below the sector's middle half▼ 48.2%€98,329below the sector's middle half▲ 0.7%€88,262below the sector's middle half▼ 10.2%
Debt€128,481-€126,798▼ 1.3%€78,792▼ 37.9%€116,175▲ 47.4%€128,901▲ 11.0%€10,526▼ 91.8%€3,144▼ 70.1%€57,861▲ 18×
Working capital€105,798-€103,153▼ 2.5%€104,287within the sector's middle half▲ 1.1%€106,778within the sector's middle half▲ 2.4%€59,580within the sector's middle half▼ 44.2%€87,159within the sector's middle half▲ 46.3%€95,185within the sector's middle half▲ 9.2%€30,401within the sector's middle half▼ 68.1%
Solvency45.2%-44.9%▼ 0.3pp57.0%within the sector's middle half▲ 12.1pp47.9%within the sector's middle half▼ 9.1pp31.6%within the sector's middle half▼ 16.3pp89.2%above the sector's middle half▲ 57.6pp96.8%above the sector's middle half▲ 7.6pp34.4%within the sector's middle half▼ 62.4pp
Current ratio1.82-1.81▼ 0.012.32within the sector's middle half▲ 0.511.92within the sector's middle half▼ 0.401.46within the sector's middle half▼ 0.469.28above the sector's middle half▲ 7.8231.28above the sector's middle half▲ 21.991.53within the sector's middle half▼ 29.75
Return on assets (ROA)2.2%--1.2%▼ 3.3pp0.6%within the sector's middle half▲ 1.8pp1.1%within the sector's middle half▲ 0.5pp-25.0%below the sector's middle half▼ 26.2pp28.2%above the sector's middle half▲ 53.3pp8.2%within the sector's middle half▼ 20.1pp-73.4%below the sector's middle half▼ 81.6pp
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €64,538, after a profit of €8,384 in 2024. It is the lowest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €88,262
Equity
€30,401 ▼ 68.1%
Debt
€57,861 ▲ 18×
Debt's share of the balance-sheet total rises from 3.2% to 65.6%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
1.90▲
2024 · 0.03
ROE
-213.1%▼
2024 · 8.4%
Debt ≤ 1 year
€57,861▲
2024 · €3,144
Supplier credit
6 days▲
2024 · 2 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Membership fees, donations, legacies and grants73 | - | - | - | €399,725 | €502,039 | - | €514,003 | €437,887 | ▼ 14.8% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €396,746 | €548,739 | - | €505,619 | €502,425 | ▼ 0.6% |
| Gross operating margin9900 | €5,383 | -€2,386 | €1,390 | €2,979 | -€46,700 | €28,106 | €8,384 | -€64,538 | - |
| Operating profit (loss)9901 | €5,383 | -€2,386 | €1,390 | €2,979 | -€46,700 | €28,106 | €8,384 | -€64,538 | - |
| Financial income75/76B | - | - | - | - | - | - | - | €1 | - |
| Recurring financial income75 | - | - | - | - | - | - | - | €1 | - |
| Financial charges65/66B | - | - | - | €489 | €498 | €527 | €358 | €247 | ▼ 31.0% |
| Recurring financial charges65 | €230 | €259 | €256 | €489 | €498 | €527 | €358 | €247 | ▼ 31.0% |
| Profit (loss) for the period before taxes9903 | €5,153 | -€2,645 | €1,134 | €2,490 | -€47,198 | €27,579 | €8,026 | -€64,784 | - |
| Profit (loss) for the period9904 | €5,153 | -€2,645 | €1,134 | €2,490 | -€47,198 | €27,579 | €8,026 | -€64,784 | - |
| Profit (loss) for the period to be appropriated9905 | €5,153 | -€2,645 | €1,134 | €2,490 | -€47,198 | €27,579 | €8,026 | -€64,784 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €234,279 | €229,951 | €183,079 | €222,953 | €188,481 | €97,685 | €98,329 | €88,262 | ▼ 10.2% |
| Current assets29/58 | €234,279 | €229,951 | €183,079 | €222,953 | €188,481 | €97,685 | €98,329 | €88,262 | ▼ 10.2% |
| Amounts receivable within one year40/41 | €179,576 | €23,977 | €57,048 | €70,430 | €106,832 | €42,373 | €21,482 | €63,490 | ▲ 196% |
| Trade receivables40 | - | - | - | - | €61,700 | - | - | €3,434 | - |
| Other amounts receivable41 | - | - | - | €70,430 | €45,132 | €42,373 | €21,482 | €60,056 | ▲ 180% |
| Cash at bank and in hand54/58 | €54,703 | €205,974 | €126,031 | €152,523 | €81,649 | €55,312 | €76,847 | €24,772 | ▼ 67.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €234,279 | €229,951 | €183,079 | €222,953 | €188,481 | €97,685 | €98,329 | €88,262 | ▼ 10.2% |
| Equity10/15 | €105,798 | €103,153 | €104,287 | €106,778 | €59,580 | €87,159 | €95,185 | €30,401 | ▼ 68.1% |
| Profit (loss) carried forward14 | €105,798 | €103,153 | €104,287 | €106,778 | €59,580 | €87,159 | €95,185 | €30,401 | ▼ 68.1% |
| Amounts payable17/49 | €128,481 | €126,798 | €78,792 | €116,175 | €128,901 | €10,526 | €3,144 | €57,861 | ▲ 18× |
| Amounts payable within one year42/48 | €128,481 | €126,798 | €78,792 | €116,175 | €128,901 | €10,526 | €3,144 | €57,861 | ▲ 18× |
| Trade debts44 | €128,481 | €126,798 | €78,792 | €116,175 | €128,901 | €10,526 | €3,144 | €7,861 | ▲ 150% |
| Suppliers440/4 | - | - | - | €116,175 | €128,901 | €10,526 | €3,144 | €7,861 | ▲ 150% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,153 | -€2,645 | €1,134 | €2,490 | -€47,198 | €27,579 | €8,026 | -€64,784 | - |
| Operating cash flow (approximation) | €5,153 | -€2,645 | €1,134 | €2,490 | -€47,198 | €27,579 | €8,026 | -€64,784 | - |
| Change in cash | - | €151,271 | -€79,943 | €26,492 | -€70,874 | -€26,337 | €21,535 | -€52,075 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,805 companies had the same profile as PlasticisersPlus has now. Two years later, 88.1% were still going and 2.0% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
88.1%
was still going
9.8%
stopped otherwise
2.0%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PlasticisersPlus itself is lower: < 0.1% within 12 months. It rests on far more data about PlasticisersPlus than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,805 companies, not a prediction for PlasticisersPlus. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 15-05-2026 | 2026-00117185 | |
| 31-12-2024 | full format | 18-06-2025 | 2025-00177193 | |
| 31-12-2023 | full format | 20-06-2024 | 2024-00172281 | |
| 31-12-2022 | full format | 22-06-2023 | 2023-00152416 | |
| 31-12-2021 | full format | 24-05-2022 | 2022-20045345 | |
| 31-12-2020 | full format | 28-02-2022 | 2022-06700273 | |
| 31-12-2019 | full format | 28-08-2020 | 2020-48400570 | |
| 31-12-2018 | full format | 03-09-2019 | 2019-62700011 | |
| 31-12-2017 | full format | 24-08-2018 | 2018-51900204 | |
| 31-12-2016 | full format | 23-11-2017 | 2017-70300128 |