Plastivan

Active

Public limited companyfounded 197254 yrs activeWantestraat 3, 8780 Oostrozebeke, BelgiumKBO/BCE: BE 0412.558.024

Plastivan has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.88M and a net result of €-1.19M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 186 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

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Checked score

Score 2025

48 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability25▼-20

Solvency33▼-2

Growth30▼-27

Track record100

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €90k at 30 days acceptable

Liquidity short (current ratio 0.69 against 2.19 in 2024; short-term debt: 40% and cash: 0.1% of total assets), and 92.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 22

Relative position

BE, all sectors

reference

Sector 22

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

7.8%

Return on assets

-4.9%

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 186 sector peers (2025).

NBB · sector comparison

Position among 186 sector peers

Solvency

better than 7%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

52 d early

2024

72 d early

2023

49 d early

2022

71 d early

2021

42 d early

2020

46 d early

2019

64 d early

← before the deadline after the deadline →

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 months

Position in the running window

17-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, full schema

Turnover

€17.49M▼ 40.9%

2024 · €29.59M

2019: €20.27M 2020: €19.39M 2021: €27.99M 2022: €29.90M 2023: €24.25M 2024: €29.59M

2019 → 2025

EBIT margin

-3.6%▼ 10.4pp

2024 · 6.8%

2019: -0.4% 2020: 1.9% 2021: 5.8% 2022: 4.6% 2023: 3.1% 2024: 6.8%

2019 → 2025

Net result

€-1.19M

2024 · €1.01M

2019: €125k 2020: €201k 2021: €1.63M 2022: €1.55M 2023: €6.85M 2024: €1.01M

2019 → 2025

Working capital

€-2.97M

2024 · €6.06M

2019: €6.97M 2020: €7.39M 2021: €9.49M 2022: €11.67M 2023: €-1.30M 2024: €6.06M

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€27.99M-€29.90M▲ 6.8%€24.25M▼ 18.9%€29.59M▲ 22.0%€17.49M▼ 40.9%

Equity€16.10M-€17.65M▲ 9.6%€17.50M▼ 0.8%€3.14M▼ 82.0%€1.88M▼ 40.1%

Operating result€1.61M-€1.38M▼ 14.2%€760k▼ 45.0%€2.00M▲ 164%€-635k

Net result€1.63M-€1.55M▼ 5.3%€6.85M▲ 343%€1.01M▼ 85.2%€-1.19M

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €635k after €2.00M in 2024, the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €24.15M

72.3%

27.7%

Fixed assets €17.47M▼ 10.3%

Current assets €6.68M▼ 40.3%

Equity and liabilities €24.15M

92.2%

Equity €1.88M▼ 40.1%

Debt €22.27M▼ 19.1%

The debt ratio rises from 89.8% to 92.2%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€815k▼

2024 · €3.32M

Cash flow

€264k▼

2024 · €2.33M

Solvency

7.8%▼

2024 · 10.2%

Current ratio

0.69▼

2024 · 2.19

Quick ratio

0.11▼

2024 · 1.45

Debt / equity

11.84▲

2024 · 8.76

ROE

-63.0%▼

2024 · 32.2%

ROA

-4.9%▼

2024 · 3.3%

Interest coverage

0.73▼

2024 · 1.39

Debt

€22.27M▼

2024 · €27.52M

Debt ≤ 1 year

€9.65M▲

2024 · €5.12M

Debt > 1 year

€12.35M▼

2024 · €22.35M

Income taxes

€553▼

2024 · €26k

Staff costs

€4.20M▲

2024 · €3.73M

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€30.66M€24.15M▼

Fixed assets21/28€19.48M€17.47M▼

Intangible fixed assets21-€337k

Tangible fixed assets22/27€4.57M€12.45M▲

Land and buildings22€1.31M€6.96M▲

Plant, machinery and equipment23€3.08M€5.29M▲

Furniture and vehicles24€178k€200k▲

Financial fixed assets28€14.91M€4.69M▼

Affiliated companies280/1€14.91M€4.66M▼

Participating interests280€14.91M€4.66M▼

Other financial fixed assets284/8€512€24k▲

Amounts receivable and cash guarantees285/8€512€24k▲

Current assets29/58€11.18M€6.68M▼

Amounts receivable after more than one year29€3.95M-

Other amounts receivable291€3.95M-

Stocks and contracts in progress3€3.78M€5.61M▲

Stocks30/36€3.78M€5.61M▲

Raw materials and consumables30/31€1.29M€1.94M▲

Work in progress32-€106k

Finished goods33€1.59M€2.72M▲

Goods purchased for resale34€904k€837k▼

Amounts receivable within one year40/41€3.35M€1.04M▼

Trade receivables40€2.71M€855k▼

Other amounts receivable41€639k€183k▼

Cash at bank and in hand54/58€1k€27k▲

Deferred charges and accrued income490/1€99k€2k▼

Equity and liabilities

Total equity and liabilities10/49€30.66M€24.15M▼

Equity10/15€3.14M€1.88M▼

Contributions10/11€2.50M€2.50M=

Capital10€2.50M€2.50M=

Issued capital100€2.50M€2.50M=

Reserves13€257k€257k=

Non-distributable reserves130/1€250k€250k=

Legal reserve130€250k€250k=

Tax-exempt reserves132€7k€7k=

Profit (loss) carried forward14€384k€-876k▼

Amounts payable17/49€27.52M€22.27M▼

Amounts payable after more than one year17€22.35M€12.35M▼

Financial debts170/4€22.35M€12.35M▼

Other loans174€22.35M€12.35M▼

Amounts payable within one year42/48€5.12M€9.65M▲

Trade debts44€2.03M€1.77M▼

Suppliers440/4€2.03M€1.77M▼

Taxes, remuneration and social security45€379k€692k▲

Taxes450/3€66k€85k▲

Remuneration and social security454/9€313k€607k▲

Other amounts payable47/48€2.70M€7.19M▲

Accrued charges and deferred income492/3€49k€266k▲

Income statement Code20242025

Operating income70/76A€30.90M€18.24M▼

Turnover70€29.59M€17.49M▼

Change in stocks of work in progress, finished goods and contracts in progress71€-43k€368k▲

Other operating income74€462k€384k▼

Non-recurring operating income76A€889k-

Operating charges60/66A€28.89M€18.88M▼

Goods for resale, raw materials and consumables60€18.33M€8.25M▼

Purchases600/8€17.47M€7.98M▼

Change in stocks: decrease (increase)609€859k€270k▼

Services and other goods61€5.37M€4.32M▼

Remuneration, social security and pensions62€3.73M€4.20M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.32M€1.45M▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€41k-

Other operating charges640/8€89k€69k▼

Non-recurring operating charges66A€26k€589k▲

Operating profit (loss)9901€2.00M€-635k▼

Financial income75/76B€1.62M€938k▼

Recurring financial income75€1.62M€113k▼

Income from financial fixed assets750€1.46M€19k▼

Income from current assets751€26k-

Other financial income752/9€140k€94k▼

Non-recurring financial income76B-€825k

Financial charges65/66B€2.59M€1.49M▼

Recurring financial charges65€2.59M€1.30M▼

Debt charges650€2.39M€1.12M▼

Other financial charges652/9€197k€180k▼

Non-recurring financial charges66B-€189k

Profit (loss) for the period before taxes9903€1.04M€-1.18M▼

Income taxes67/77€26k€553▼

Taxes670/3€26k€2k▼

Tax adjustments and reversals of tax provisions77-€1k

Profit (loss) for the period9904€1.01M€-1.19M▼

Profit (loss) for the period to be appropriated9905€1.01M€-1.19M▼

Appropriation of the result

Profit (loss) to be appropriated9906€7.87M€-876k▼

Profit (loss) brought forward from the previous period14P€6.86M€309k▼

Transfer from equity791/2€7.88M-

From reserves792€7.88M-

Profit to be distributed694/7€15.37M-

Return on contributions (dividend)694€15.37M-

Social balance

Average headcount (FTE)908735.255.8▲

The notes to these accounts (82 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

09-06

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-12

Financial Weakest financial yearnet €-1.19M ▼217%

Net result drops to €-1.19M, the lowest in the series.

20-05

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Liquidity doublescurrent ratio 2.19

Current ratio from 0.93 to 2.19; short-term debt falls from €19.93M to €5.12M.

2023

13-12

NBB filing Annual accounts filed

fiscal year 2023 · full schema

30-06

Financial Highest result since 2019net €6.85M ▲343%

Net result €6.85M, the highest in the series.

2022

21-11

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2021

20-12

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2020

16-12

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2019

28-11

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2018

27-11

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2017

22-12

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2016

30-12

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

19 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Oostrozebeke · 2 establishment units since 1972

establishment All 2 establishment units on the map

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.

Wantestraat 38780 Oostrozebeke

Ground area

7,625 m²

Building footprint

1.3 ha

Volume, LiDAR

74,122 m³