PLASTOTHERM
ActiveSummary
PLASTOTHERM has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €569,502 and a net result of €59,254. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 91% of 481 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▼-8
Solvency100▲+18
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 4.58 against 1.97 in 2023; short-term debt: 17.1% and cash: 11.4% of total assets), and 17.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
82.7%
Return on assets
8.6%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €569,502
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
13 d early
2022
29 d late
2021
12 d early
2020
5 d early
2019
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€569,502▲ 11.6%
2023 · €510,248
Total assets
€689,012▼ 23.0%
2023 · €895,152
Net result
€59,254▼ 55.1%
2023 · €131,906
Working capital
€422,778▲ 14.3%
2023 · €369,982
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€99,092▼ 14.6%€104,130▲ 5.1%€174,670▲ 67.7%€160,476▼ 8.1%€70,369▼ 56.1%
Net result€86,330within the sector's middle half▼ 4.0%€85,924within the sector's middle half▼ 0.5%€159,529above the sector's middle half▲ 85.7%€131,906within the sector's middle half▼ 17.3%€59,254within the sector's middle half▼ 55.1%
Equity€474,390within the sector's middle half▼ 10.3%€510,314within the sector's middle half▲ 7.6%€458,343within the sector's middle half▼ 10.2%€510,248within the sector's middle half▲ 11.3%€569,502within the sector's middle half▲ 11.6%
Total assets€730,406within the sector's middle half▲ 1.1%€755,099within the sector's middle half▲ 3.4%€846,289within the sector's middle half▲ 12.1%€895,152within the sector's middle half▲ 5.8%€689,012within the sector's middle half▼ 23.0%
Debt€256,016▲ 32.1%€244,785▼ 4.4%€387,947▲ 58.5%€384,903▼ 0.8%€119,510▼ 69.0%
Working capital€401,608within the sector's middle half▼ 15.2%€461,167within the sector's middle half▲ 14.8%€359,894within the sector's middle half▼ 22.0%€369,982within the sector's middle half▲ 2.8%€422,778within the sector's middle half▲ 14.3%
Solvency64.9%above the sector's middle half▼ 8.2pp67.6%above the sector's middle half▲ 2.6pp54.2%within the sector's middle half▼ 13.4pp57.0%within the sector's middle half▲ 2.8pp82.7%above the sector's middle half▲ 25.7pp
Current ratio2.67within the sector's middle half▼ 1.142.94above the sector's middle half▲ 0.271.93within the sector's middle half▼ 1.011.97within the sector's middle half▲ 0.044.58above the sector's middle half▲ 2.62
Return on assets (ROA)11.8%within the sector's middle half▼ 0.6pp11.4%within the sector's middle half▼ 0.4pp18.9%above the sector's middle half▲ 7.5pp14.7%above the sector's middle half▼ 4.1pp8.6%within the sector's middle half▼ 6.1pp
Staff (FTE)3.7within the sector's middle half=3.4within the sector's middle half▼ 8.1%2.7within the sector's middle half▼ 20.6%2.6within the sector's middle half▼ 3.7%2.9within the sector's middle half▲ 11.5%
above
within
below
the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 56% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €689,012
Fixed assets
€148,272 ▲ 3.6%
Current assets
€540,741 ▼ 28.1%
Equity and liabilities €689,012
Equity
€569,502 ▲ 11.6%
Debt
€119,510 ▼ 69.0%
Debt's share of the balance-sheet total falls from 43.0% to 17.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€105,500▼
2023 · €184,534
Cash flow
€94,385▼
2023 · €155,964
Quick ratio
4.36▲
2023 · 1.89
Debt to equity
0.21▼
2023 · 0.75
ROE
10.4%▼
2023 · 25.9%
Interest coverage
34.06▼
2023 · 37.87
Debt ≤ 1 year
€117,963▼
2023 · €382,099
Income taxes
€27,596▼
2023 · €28,232
Staff costs
€269,890▲
2023 · €220,084
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €20,000 | - | - |
| Remuneration, social security and pensions62 | - | €202,366 | €215,045 | €220,084 | €269,890 | ▲ 22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,016 | €35,646 | €36,207 | €24,058 | €35,131 | ▲ 46.0% |
| Other operating charges640/8 | - | €1,965 | €1,863 | €4,457 | €2,196 | ▼ 50.7% |
| Gross operating margin9900 | €338,991 | €344,107 | €427,785 | €409,075 | €377,586 | ▼ 7.7% |
| Operating profit (loss)9901 | €99,092 | €104,130 | €174,670 | €160,476 | €70,369 | ▼ 56.1% |
| Financial income75/76B | - | €6,624 | €9,255 | €4,536 | €19,579 | ▲ 332% |
| Recurring financial income75 | €7,988 | €6,624 | €9,255 | €4,536 | €19,579 | ▲ 332% |
| Financial charges65/66B | - | €3,079 | €2,223 | €4,873 | €3,097 | ▼ 36.4% |
| Recurring financial charges65 | €1,612 | €3,079 | €2,223 | €4,873 | €3,097 | ▼ 36.4% |
| Profit (loss) for the period before taxes9903 | €105,468 | €107,674 | €181,701 | €160,138 | €86,850 | ▼ 45.8% |
| Income taxes67/77 | €19,138 | €21,750 | €22,172 | €28,232 | €27,596 | ▼ 2.3% |
| Profit (loss) for the period9904 | €86,330 | €85,924 | €159,529 | €131,906 | €59,254 | ▼ 55.1% |
| Profit (loss) for the period to be appropriated9905 | €86,330 | €85,924 | €159,529 | €131,906 | €59,254 | ▼ 55.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €730,406 | €755,099 | €846,289 | €895,152 | €689,012 | ▼ 23.0% |
| Fixed assets21/28 | €88,115 | €56,575 | €100,020 | €143,071 | €148,272 | ▲ 3.6% |
| Tangible fixed assets22/27 | €88,115 | €56,575 | €100,020 | €143,071 | €148,272 | ▲ 3.6% |
| Land and buildings22 | - | €1,011 | €77,788 | €96,997 | €89,762 | ▼ 7.5% |
| Plant, machinery and equipment23 | - | €15,846 | €5,925 | €22,354 | €16,969 | ▼ 24.1% |
| Furniture and vehicles24 | - | €39,718 | €16,307 | €23,719 | €41,541 | ▲ 75.1% |
| Current assets29/58 | €642,290 | €698,524 | €746,270 | €752,081 | €540,741 | ▼ 28.1% |
| Stocks and contracts in progress3 | €53,423 | €49,404 | €34,245 | €29,799 | €25,897 | ▼ 13.1% |
| Stocks30/36 | - | €49,404 | €34,245 | €29,799 | €25,897 | ▼ 13.1% |
| Amounts receivable within one year40/41 | €178,438 | €223,605 | €243,326 | €285,398 | €142,773 | ▼ 50.0% |
| Trade receivables40 | - | €210,325 | €234,391 | €247,352 | €141,198 | ▼ 42.9% |
| Other amounts receivable41 | - | €13,280 | €8,935 | €38,046 | €1,575 | ▼ 95.9% |
| Current investments50/53 | €292,931 | €295,582 | €299,136 | €299,136 | €293,668 | ▼ 1.8% |
| Cash at bank and in hand54/58 | €110,068 | €124,522 | €166,648 | €134,682 | €78,402 | ▼ 41.8% |
| Deferred charges and accrued income490/1 | - | €5,412 | €2,913 | €3,066 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €730,406 | €755,099 | €846,289 | €895,152 | €689,012 | ▼ 23.0% |
| Equity10/15 | €474,390 | €510,314 | €458,343 | €510,248 | €569,502 | ▲ 11.6% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | - | €75,000 | - | - | - | - |
| Issued capital100 | - | €75,000 | - | - | - | - |
| Outside capital11 | - | - | €75,000 | - | - | - |
| Other1109/19 | - | - | €75,000 | - | - | - |
| Reserves13 | €399,390 | €435,314 | €383,343 | €435,248 | €494,502 | ▲ 13.6% |
| Non-distributable reserves130/1 | - | €7,500 | - | - | - | - |
| Legal reserve130 | - | €7,500 | - | - | - | - |
| Distributable reserves133 | - | €427,814 | €383,343 | €435,248 | €494,502 | ▲ 13.6% |
| Amounts payable17/49 | €256,016 | €244,785 | €387,947 | €384,903 | €119,510 | ▼ 69.0% |
| Amounts payable after more than one year17 | €15,334 | €5,144 | - | - | - | - |
| Financial debts170/4 | - | €5,144 | - | - | - | - |
| Amounts payable within one year42/48 | €240,682 | €237,357 | €386,376 | €382,099 | €117,963 | ▼ 69.1% |
| Financial debts43 | - | €10,190 | €11,848 | - | - | - |
| Credit institutions430/8 | - | €10,190 | €11,848 | - | - | - |
| Trade debts44 | €65,109 | €74,567 | €193,273 | €227,107 | €61,633 | ▼ 72.9% |
| Suppliers440/4 | - | €74,567 | €193,273 | €227,107 | €61,633 | ▼ 72.9% |
| Taxes, remuneration and social security45 | - | €30,063 | €29,893 | €50,349 | €42,574 | ▼ 15.4% |
| Taxes450/3 | - | €15,873 | €4,958 | €23,346 | €29,791 | ▲ 27.6% |
| Remuneration and social security454/9 | - | €14,190 | €24,935 | €27,003 | €12,783 | ▼ 52.7% |
| Other amounts payable47/48 | - | €122,536 | €151,362 | €104,643 | €13,755 | ▼ 86.9% |
| Accrued charges and deferred income492/3 | - | €2,285 | €1,571 | €2,804 | €1,547 | ▼ 44.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €86,330 | €85,924 | €159,529 | €131,906 | €59,254 | ▼ 55.1% |
| + Depreciation and write-downs630 | €34,016 | €35,646 | €36,207 | €24,058 | €35,131 | ▲ 46.0% |
| Operating cash flow (approximation) | €120,346 | €121,570 | €195,736 | €155,964 | €94,385 | ▼ 39.5% |
| Investment in fixed assets (approximation) | - | -€4,106 | -€79,652 | -€67,110 | -€40,332 | ▲ 39.9% |
| Change in cash | - | €14,454 | €42,126 | -€31,966 | -€56,280 | ▼ 76.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 4.58
Current ratio from 1.97 to 4.58; short-term debt falls from €382,099 to €117,963.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500,000Eq €510,248 ▲11.3%
5 profitable years in a row build equity to €510,248.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €159,529 ▲85.7%
Operating result €174,670, net result €159,529, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500,000Eq €510,314 ▲7.6%
3 profitable years in a row build equity to €510,314.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 24 days late
2019
31-12
Financial
Back to profitnet €89,955
Net result €89,955 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €528,969 ▲8.2%
Equity rises from €489,014 to €528,969.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2003
Ground area
3,471 m²
Building footprint
618 m²
Volume, LiDAR
3,211 m³
Parcel 71322A0413/00K000, Flanders · tallest building 5.9 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
PLASTOTHERM
since 20032.132.528.964
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71322A0413/00K000 | Flanders | 3,470 m² | 1 · 618 m² | 5.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerOwners 1
-
40%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 1,164 EUR awarded · 1,165 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 492 EUR | 933 EUR |
| 2023 | 1 | 440 EUR | 0 EUR |
| 2022 | 1 | 232 EUR | 232 EUR |
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Company details
Identification
Legal formPrivate limited company
Founded15-07-2003
Fiscal year end31-12
Activities, NACEBEL 2025
33110Repair and maintenance of fabricated metal products
43222Installation of electric heating, air conditioning, cooling and ventilation
46831Wholesale of construction materials, general range
33120Repair and maintenance of machinery
43211General electrical installation work
71209Other technical testing and analysis
Contact
E-mail
info@plastotherm.be
Phone
011235777
E-invoicing
Reachable via Peppol
Peppol ID
0208:0859643989
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.