Plastics TMP
Dissolution or liquidationFinancials · financial year 2024, full format
2024 annual accounts filed 153 days after the deadline Filed on 31 December 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00592983.
Annual accounts 2024 filed on 31-12-2025 PDF all 48 filings
Turnover
≈ €970,000
Estimated: probably between €580,000 and €1.7m
EBIT margin
Not included in this filing
Net result
-€70,819▲ 33.0%
2023 · -€105,778
Working capital
-€54,164▼ 1,280%
2023 · -€3,924
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
-€33,474
▲ 44.9%
2024
20182024
Net result
-€70,819
▲ 33.0%
2024
lowest quarter of the sector
20182024
Equity
€38,433
▼ 64.8%
2024
lowest quarter of the sector
20182024
Total assets
€748,915
▼ 1.2%
2024
lowest quarter of the sector
20182024
Debt
€710,482
▲ 9.6%
2024
20182024
Working capital
-€54,164
▼ 1,280%
2024
lowest quarter of the sector
20182024
Solvency
5.1%
▼ 9.3pp
2024
lowest quarter of the sector
20182024
Current ratio
0.91
▼ 0.08
2024
lowest quarter of the sector
20182024
Return on assets (ROA)
-9.5%
▲ 4.5pp
2024
lowest quarter of the sector
20182024
Staff (FTE)
5.4
▼ 37.9%
2024
lowest quarter of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€0.03m--€0.08m€0.4m€0.02m▼ 94.8%-€0.03m-€0.06m▼ 127%-€0.03m▲ 44.9%
Net result€0.05m--€0.09m€0.3mwithin the sector's middle half€0.008mbelow the sector's middle half▼ 97.6%-€0.04mbelow the sector's middle half-€0.1mbelow the sector's middle half▼ 136%-€0.07mbelow the sector's middle half▲ 33.0%
Equity€0.4m-€0.2m▼ 47.2%€0.3mbelow the sector's middle half▲ 20.3%€0.3mbelow the sector's middle half▲ 3.3%€0.2mbelow the sector's middle half▼ 17.3%€0.1mbelow the sector's middle half▼ 49.2%€0.04mbelow the sector's middle half▼ 64.8%
Total assets€0.7m-€0.7m▲ 6.6%€1.0mbelow the sector's middle half▲ 38.7%€0.9mbelow the sector's middle half▼ 7.6%€1.0mbelow the sector's middle half▲ 2.7%€0.8mbelow the sector's middle half▼ 20.4%€0.7mbelow the sector's middle half▼ 1.2%
Debt€0.3m-€0.5m▲ 82.2%€0.8m▲ 46.2%€0.7m▼ 11.2%€0.7m▲ 10.4%€0.6m▼ 11.9%€0.7m▲ 9.6%
Working capital€0.3m-€0.1m▼ 60.5%€0.06mbelow the sector's middle half▼ 43.0%€0.01mbelow the sector's middle half▼ 78.6%€0.06mbelow the sector's middle half▲ 374%-€0.004mbelow the sector's middle half-€0.05mbelow the sector's middle half▼ 1,280%
Solvency58.4%-28.9%▼ 29.5pp25.1%below the sector's middle half▼ 3.8pp28.0%within the sector's middle half▲ 2.9pp22.6%below the sector's middle half▼ 5.4pp14.4%below the sector's middle half▼ 8.2pp5.1%below the sector's middle half▼ 9.3pp
Current ratio2.39-1.37▼ 1.021.10below the sector's middle half▼ 0.271.02below the sector's middle half▼ 0.081.13within the sector's middle half▲ 0.100.99below the sector's middle half▼ 0.130.91below the sector's middle half▼ 0.08
Return on assets (ROA)6.6%--12.0%▼ 18.6pp34.2%above the sector's middle half▲ 46.2pp0.9%within the sector's middle half▼ 33.3pp-4.7%below the sector's middle half▼ 5.6pp-14.0%below the sector's middle half▼ 9.2pp-9.5%below the sector's middle half▲ 4.5pp
Staff (FTE)8-7▼ 12.5%7.5below the sector's middle half▲ 7.1%8.7below the sector's middle half▲ 16.0%8.7below the sector's middle half=8.7below the sector's middle half=5.4below the sector's middle half▼ 37.9%
above
within
below
The sector band is the middle half of the companies in Manufacture of rubber and plastic products (NACE 22). 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 2024 is a loss of €33,474, smaller than the loss of €60,736 in 2023.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €748,915
Fixed assets
€215,830 ▼ 31.8%
Current assets
€533,085 ▲ 20.8%
Equity and liabilities €748,915
Equity
€38,433 ▼ 64.8%
Debt
€710,482 ▲ 9.6%
Debt's share of the balance-sheet total rises from 85.6% to 94.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€72,119▲
2023 · €69,791
Cash flow
€34,774▲
2023 · €24,750
Quick ratio
0.40▲
2023 · 0.32
Debt to equity
18.49▲
2023 · 5.94
ROE
-184.3%▼
2023 · -96.8%
Interest coverage
1.93▲
2023 · 1.55
Debt ≤ 1 year
€587,249▲
2023 · €445,137
Debt > 1 year
€123,233▼
2023 · €203,353
Staff costs
€332,619▼
2023 · €416,912
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 9 | 9 | 9 |
| full-time | 9 | 9 | 9 |
| part-time | 0 | 0 | - |
| in full-time equivalents | 9 | 9 | 9 |
| Average over the year, in full-time equivalents | 8.7 | 8.7 | 8.7 |
| On a permanent contract | 9 | 9 | 9 |
| Joined | 3 | - | - |
| Left | 2 | - | - |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €68,805 | €163,043 | €6,355 | €4,894 |
| Intangible fixed assets | €7,666 | €150 | - | - |
| Depreciation and write-downs of the year | €82,953 | €117,322 | €130,528 | €105,593 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €395,797 | €399,928 | €416,912 | €332,619 | ▼ 20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,941 | €72,782 | €81,185 | €82,953 | €117,322 | €130,528 | €105,593 | ▼ 19.1% |
| Other operating charges640/8 | - | - | - | €73 | €7,540 | €6,429 | €7,298 | ▲ 13.5% |
| Gross operating margin9900 | €399,975 | €334,266 | €840,667 | €500,776 | €498,033 | €493,132 | €412,035 | ▼ 16.4% |
| Operating profit (loss)9901 | €30,014 | -€78,584 | €418,938 | €21,952 | -€26,757 | -€60,736 | -€33,474 | ▲ 44.9% |
| Financial income75/76B | - | - | - | €57 | - | - | - | - |
| Recurring financial income75 | €20,586 | €2,494 | €249 | €57 | - | - | - | - |
| Financial charges65/66B | - | - | - | €11,061 | €17,588 | €45,042 | €37,345 | ▼ 17.1% |
| Recurring financial charges65 | €5,552 | €10,046 | €9,579 | €11,061 | €17,588 | €45,042 | €37,345 | ▼ 17.1% |
| Profit (loss) for the period before taxes9903 | €45,048 | -€86,136 | €409,608 | €10,949 | -€44,344 | -€105,778 | -€70,819 | ▲ 33.0% |
| Income taxes67/77 | €24 | €618 | €67,188 | €2,640 | €508 | €0 | - | - |
| Profit (loss) for the period9904 | €45,024 | -€86,754 | €342,420 | €8,309 | -€44,852 | -€105,778 | -€70,819 | ▲ 33.0% |
| Profit (loss) for the period to be appropriated9905 | €45,024 | -€86,754 | €342,420 | €8,309 | -€44,852 | -€105,778 | -€70,819 | ▲ 33.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.7m | €0.7m | €1.0m | €0.9m | €1.0m | €0.8m | €0.7m | ▼ 1.2% |
| Fixed assets21/28 | €0.2m | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | €0.2m | ▼ 31.8% |
| Intangible fixed assets21 | €0.002m | €0.001m | - | €0.006m | €0.004m | €0.001m | €23 | ▼ 98.3% |
| Tangible fixed assets22/27 | €0.2m | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | €0.2m | ▼ 31.5% |
| Plant, machinery and equipment23 | - | - | - | €0.3m | €0.2m | €0.1m | €0.1m | ▼ 33.8% |
| Furniture and vehicles24 | - | - | - | €0.004m | €0.002m | €0.002m | €498 | ▼ 70.3% |
| Leasing and similar rights25 | - | - | - | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 29.1% |
| Current assets29/58 | €0.4m | €0.4m | €0.6m | €0.5m | €0.5m | €0.4m | €0.5m | ▲ 20.8% |
| Stocks and contracts in progress3 | €0.1m | €0.1m | €0.1m | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 1.5% |
| Stocks30/36 | - | - | - | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 1.5% |
| Amounts receivable within one year40/41 | €0.2m | €0.1m | €0.2m | €0.3m | €0.2m | €0.1m | €0.2m | ▲ 107% |
| Trade receivables40 | - | - | - | €0.2m | €0.1m | €0.05m | €0.1m | ▲ 158% |
| Other amounts receivable41 | - | - | - | €0.04m | €0.05m | €0.07m | €0.1m | ▲ 71.7% |
| Cash at bank and in hand54/58 | €0.1m | €0.1m | €0.3m | €0.04m | €0.04m | €0.02m | €0.001m | ▼ 97.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.01m | €0.007m | €0.005m | ▼ 36.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.7m | €0.7m | €1.0m | €0.9m | €1.0m | €0.8m | €0.7m | ▼ 1.2% |
| Equity10/15 | €0.4m | €0.2m | €0.3m | €0.3m | €0.2m | €0.1m | €0.04m | ▼ 64.8% |
| Contributions10/11 | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Capital10 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Issued capital100 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Reserves13 | €0.06m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Non-distributable reserves130/1 | - | - | - | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Legal reserve130 | - | - | - | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Tax-exempt reserves132 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Distributable reserves133 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | €0.3m | - | - | - | -€0.04m | -€0.2m | -€0.2m | ▼ 47.0% |
| Amounts payable17/49 | €0.3m | €0.5m | €0.8m | €0.7m | €0.7m | €0.6m | €0.7m | ▲ 9.6% |
| Amounts payable after more than one year17 | €0.1m | €0.2m | €0.2m | €0.1m | €0.3m | €0.2m | €0.1m | ▼ 39.4% |
| Financial debts170/4 | - | - | - | €0.1m | €0.3m | €0.2m | €0.1m | ▼ 39.4% |
| Amounts payable within one year42/48 | €0.2m | €0.3m | €0.5m | €0.5m | €0.5m | €0.4m | €0.6m | ▲ 31.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.1m | €0.1m | €0.08m | ▼ 13.2% |
| Financial debts43 | - | - | - | €0.01m | €0.2m | €0.2m | €0.2m | = |
| Credit institutions430/8 | - | - | - | €0.01m | €0.2m | €0.2m | €0.2m | = |
| Trade debts44 | €0.1m | €0.09m | €0.1m | €0.3m | €0.1m | €0.1m | €0.2m | ▲ 88.5% |
| Suppliers440/4 | - | - | - | €0.3m | €0.1m | €0.1m | €0.2m | ▲ 88.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.06m | €0.09m | €0.2m | ▲ 66.2% |
| Taxes450/3 | - | - | - | €0.006m | €0.01m | €0.009m | €0.03m | ▲ 193% |
| Remuneration and social security454/9 | - | - | - | €0.05m | €0.05m | €0.08m | €0.1m | ▲ 52.3% |
| Other amounts payable47/48 | - | - | - | €0 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,024 | -€86,754 | €342,420 | €8,309 | -€44,852 | -€105,778 | -€70,819 | ▲ 33.0% |
| + Depreciation and write-downs630 | €34,941 | €72,782 | €81,185 | €82,953 | €117,322 | €130,528 | €105,593 | ▼ 19.1% |
| Operating cash flow (approximation) | €79,965 | -€13,972 | €423,605 | €91,262 | €72,469 | €24,750 | €34,774 | ▲ 40.5% |
| Investment in fixed assets (approximation) | - | -€181,466 | -€126,652 | -€76,471 | -€163,193 | -€6,355 | -€4,894 | ▲ 23.0% |
| Change in cash | - | €5,691 | €121,797 | -€231,922 | €4,232 | -€18,324 | -€20,931 | ▼ 14.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 48 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 31-12-2025 | 2025-00592983 | |
| 31-12-2023 | full format | 18-09-2024 | 2024-00464038 | |
| 31-12-2022 | full format | 31-08-2023 | 2023-00392174 | |
| 31-12-2021 | full format | 16-12-2022 | 2022-20538380 | |
| 31-12-2020 | full format | 30-07-2021 | 2021-44600274 | |
| 31-12-2019 | full format | 30-10-2020 | 2020-68400588 | |
| 31-12-2018 | full format | 23-08-2019 | 2019-51000439 | |
| 31-12-2017 | full format | 03-08-2018 | 2018-43100025 | |
| 31-12-2016 | full format | 09-06-2017 | 2017-15700020 | |
| 31-12-2015 | full format | 08-06-2016 | 2016-15700351 |