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Plastivan

Active
Public limited companyfounded 1972active for 54 yearsWantestraat 3, 8780 Oostrozebeke, BelgiumKBO/BCE: BE 0412.558.024
Summary

The computed 12-month bankruptcy probability of Plastivan is 1.6% (moderate). The 2025 annual accounts show equity of €1.9m and a net result of -€1.2m. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 8% of 230 sector peers (NACE 22, financial year 2025). The company has been active since 1972 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
PlastivanActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Official details

Source: KBO
Status
Active since 11-07-1972 Normal situation
Activity
Manufacture of rubber and plastic products NACE 22210and 1 other
Joint committees
116 Paritair Comité voor de scheikundige nijverheid
207 Paritair Comité voor de bedienden uit de scheikundige nijverheid · annual accounts 2025
Establishment units
2.007.429.549 8780 Oostrozebeke, since 01-10-1972
2.367.988.744 8770 Ingelmunster, since 01-01-2025
Financial year end
31 December
Peppol
Reachable since 08-01-2026
Company details

Board and ownership

Board
  • GUFOSDirector · since 23-06-2023 · permanent representative GEIRNAERT Steven
  • PYGMADirector · since 23-06-2023 · permanent representative VANDENDRIESSCHE Peter
  • VANDECRUYS MarkDirector · since 23-06-2023
Auditor
Moore Audit
Shareholders
Holdings
Shares in 5 companies including EXTRUMAT and PLASTIVAN Ltd.
Board & ownership

Financial position

53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.6%
Annual accounts 2025
Turnover
€17.5m
▼ 40.9%
Loss
€1.2m
Equity
€1.9m
▼ 40.1%
Total assets
€24.1m
▼ 21.2%
Employees on 31-12-2025
58
▲ 61.1%
Staff (FTE) +59%: merger
Financials
Score breakdownraises riskEquity €1.9m (7.8% of total assets)Liquidity: current ratio 0.69, cash €27,074Loss of €1.2m (financial year 2025)Sector: Manufacture of rubber and plastic products (NACE 22)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 13% of medium-sized companies in rubber and plastics (NACE 22)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 33-2
equity 7.8% of total assets
Liquidity 31-15
short-term debt 40.0% · cash 0.1%
Profitability 25-20
return on assets -4.9%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (77 companies, NACE 22, medium-sized)
Last 24 months 12-2024: 0.1%lowest value 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.2%▲ +0.1 percentage points vs 01-2025 03-2025: 0.3%▲ +0.1 percentage points vs 02-2025 04-2025: 0.5%▲ +0.2 percentage points vs 03-2025 05-2025: 0.6%▲ +0.1 percentage points vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.6%● unchanged 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: 1.6%▲ +1.0 percentage point vs 06-2026highest value 08-2026: 1.6%● unchanged vs 07-2026highest value 09-2026: 1.6%● unchanged vs 08-2026highest value 10-2026: 1.6%● unchanged vs 09-2026highest value 11-2026: 1.6%● unchanged vs 10-2026highest value
Credit of up to €95,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.69 (2.19 in 2024), below 1. Short-term debt is 40% and cash 0.1% of total assets. 92.2% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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, medium-sized). It does better than 4% of them on solvency, 26% on liquidity, 16% on profitability and 7% on growth.

The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Six signals.
raises riskneutral
raises risk · Equity €1.9m (7.8% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.69, cash €27,074
NBB · annual accounts
raises risk · Loss of €1.2m (financial year 2025)
NBB · annual accounts
raises risk · Sector: Manufacture of rubber and plastic products (NACE 22)
KBO
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 230 sector peers (2025).
NBB · sector comparison
Position among 230 sector peers
Solvency
better than 8%
← weakest strongest →
neutral · 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 days early
2024
72 days early
2023
49 days early
2022
71 days early
2021
42 days early
2020
46 days early
2019
64 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 57 days before the deadline. In the sector (NACE 22), the median for financial year 2024 was 14 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: From profit to loss in 2025after a profit of €1.0m in 2024 -€1.2m View
  • Caution: Lower solvency than 91% of companies in rubber and plasticssector median 50.4% · 230 companies 7.8% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Merger with PLASTIVAN PLASTICSmerger on 07-02-2025 2025 View

Recent changes

  1. · Gazette deed Demerger: VAN OVERSCHELDE splits off to Plastivan
  2. · Gazette deed Demerger proposal: Van Overschelde splits off to Plastivan
  3. · Gazette deed Merger: PLASTIVAN takes over PLASTIVAN PLASTICS
All 21 events

Companies linked to Plastivan

Comparable companies

These companies have the same main activity as Plastivan: manufacture of rubber and plastic products (NACE 22210). They are comparable in size and age: total assets between €11m and €31m, founded between 1965 and 1975.

CompanyTotal assetsTurnover
Plastivan Oostrozebeke€24.1m€17.5m
Industrie et Commerce Plastique Watermaal-Bosvoorde€14.1m€18.8m
Moderna Products Izegem€31.1m€23.5m
PLASTIC UNION Menen€12.7m€14.9m
Federal Eco Foam Lommel€11.4m€14.9m
Nervia Plastics Ninove€15.2m€16.2m
Generale Maatschappij voor Plastiek Internationaal Deinze€10.6m€17.0m
Full comparison

Key facts about Plastivan
What is the company number of Plastivan?
The company number of Plastivan is 0412.558.024. The VAT number is the same number with BE in front: BE 0412.558.024.
Where is Plastivan based?
The registered office is at Wantestraat 3, 8780 Oostrozebeke.Company details
What does Plastivan do?
According to the KBO register, the main activity is manufacture of rubber and plastic products (NACE 22210).
What is the legal form of Plastivan?
The legal form of Plastivan is Public limited company (NV).
When was Plastivan founded?
Plastivan was founded on 11-07-1972.
Is Plastivan still active?
Yes, Plastivan is an active enterprise in the KBO register.
How many employees does Plastivan have?
Plastivan had an average of 55.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does Plastivan fall under?
In its 2025 annual accounts, Plastivan states joint committees 116 (Paritair Comité voor de scheikundige nijverheid) and 207 (Paritair Comité voor de bedienden uit de scheikundige nijverheid).
What is the turnover of Plastivan?
The turnover of Plastivan was €17.5m in financial year 2025, according to the filed annual accounts.
Is Plastivan profitable?
In financial year 2025, Plastivan made a loss of €1.2m.
Where can I find the annual accounts of Plastivan?
Plastivan filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Plastivan due?
Plastivan must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

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