PLAT'IN
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 24-07-2026 at the NBB all 28 filings
Turnover
≈ €190,000
Estimated: probably between €150,000 and €260,000
Total assets
€7,395▼ 64.2%
2024 · €20,633
Net result
-€11,732
2024 · €344
Working capital
-€4,754▲ 90.0%
2024 · -€47,573
Multi-year overview
2018 to 2025, 7 financial yearsOperating result
-€10,751
2025
20182025
Net result
-€11,732
2025
lowest quarter of the sector
20182025
Equity
-€57,517
▼ 25.6%
2025
lowest quarter of the sector
20182025
Total assets
€7,395
▼ 64.2%
2025
lowest quarter of the sector
20182025
Debt
€64,912
▼ 2.3%
2025
20182025
Working capital
-€4,754
▲ 90.0%
2025
middle half of the sector
20182025
Solvency
-777.8%
▼ 555.9pp
2025
lowest quarter of the sector
20182025
Current ratio
0.57
▲ 0.28
2025
middle half of the sector
20182025
Return on assets (ROA)
-158.7%
▼ 160.3pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
1
▼ 9.1%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220242025
Operating result€18,625-€1,632▼ 91.2%-€9,611€4,434-€23,315€1,449--€10,751
Net result€15,646-€24▼ 99.8%-€10,460below the sector's middle half€3,785within the sector's middle half-€26,092below the sector's middle half€344within the sector's middle half--€11,732below the sector's middle half
Equity-€13,881--€13,857▲ 0.2%-€24,317below the sector's middle half▼ 75.5%-€20,532below the sector's middle half▲ 15.6%-€46,623below the sector's middle half▼ 127%-€45,785below the sector's middle half--€57,517below the sector's middle half▼ 25.6%
Total assets€33,809-€34,384▲ 1.7%€19,293below the sector's middle half▼ 43.9%€25,539below the sector's middle half▲ 32.4%€32,151below the sector's middle half▲ 25.9%€20,633below the sector's middle half-€7,395below the sector's middle half▼ 64.2%
Debt€47,689-€48,241▲ 1.2%€43,610▼ 9.6%€46,070▲ 5.6%€78,774▲ 71.0%€66,418-€64,912▼ 2.3%
Working capital-€24,453--€22,457▲ 8.2%-€31,634below the sector's middle half▼ 40.9%-€25,934below the sector's middle half▲ 18.0%-€54,818below the sector's middle half▼ 111%-€47,573below the sector's middle half--€4,754within the sector's middle half▲ 90.0%
Solvency-41.1%--40.3%▲ 0.8pp-126.0%below the sector's middle half▼ 85.7pp-80.4%below the sector's middle half▲ 45.6pp-145.0%below the sector's middle half▼ 64.6pp-221.9%below the sector's middle half--777.8%below the sector's middle half▼ 555.9pp
Current ratio0.49-0.53▲ 0.040.27below the sector's middle half▼ 0.250.44below the sector's middle half▲ 0.160.30below the sector's middle half▼ 0.130.28below the sector's middle half-0.57within the sector's middle half▲ 0.28
Return on assets (ROA)46.3%-0.1%▼ 46.2pp-54.2%below the sector's middle half▼ 54.3pp14.8%within the sector's middle half▲ 69.0pp-81.2%below the sector's middle half▼ 96.0pp1.7%within the sector's middle half--158.7%below the sector's middle half▼ 160.3pp
Staff (FTE)1.3-2.1▲ 61.5%1.6within the sector's middle half▼ 23.8%1.6=4.5▲ 181%1.1-1▼ 9.1%
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). 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 €10,751, after a profit of €1,449 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7,395
Fixed assets
€1,193 ▼ 33.3%
Current assets
€6,202 ▼ 67.1%
Equity and liabilities
Equity-€57,517
Debt€64,912
Equity is negative. Debt (€64,912) exceeds the balance-sheet total (€7,395).
Key figures and ratios
EBITDA
-€9,803▼
2024 · €4,190
Cash flow
-€10,785▼
2024 · €3,085
Quick ratio
0.33▲
2024 · 0.24
Interest coverage
-9.99▼
2024 · 3.75
Debt ≤ 1 year
€10,955▼
2024 · €66,418
Debt > 1 year
€53,956
Staff costs
€48,420▼
2024 · €61,289
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 7 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 |
| part-time | 1 | 6 | - | - |
| in full-time equivalents | 1.4 | 3 | 1 | 1 |
| Average over the year, in full-time equivalents | 1.5 | 2.4 | 1.1 | 1 |
| On a permanent contract | 1 | 2 | 1 | 1 |
| Joined | 5 | 16 | 1 | - |
| Left | 5 | 13 | 2 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €5,941 | - | - |
| Financial fixed assets | - | - | - | €353 |
| Depreciation and write-downs of the year | €1,914 | €3,149 | €2,741 | €948 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €22,025 | €70,710 | €61,289 | €48,420 | ▼ 21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,187 | €2,561 | €2,141 | €1,914 | €3,149 | €2,741 | €948 | ▼ 65.4% |
| Other operating charges640/8 | - | - | - | €2,885 | €265 | - | €100 | - |
| Gross operating margin9900 | €55,099 | €70,449 | €23,577 | €31,258 | €50,810 | €65,479 | €38,716 | ▼ 40.9% |
| Operating profit (loss)9901 | €18,625 | €1,632 | -€9,611 | €4,434 | -€23,315 | €1,449 | -€10,751 | - |
| Financial income75/76B | - | - | - | - | €3 | €12 | - | - |
| Recurring financial income75 | €42 | €43 | €0 | - | €3 | €12 | - | - |
| Financial charges65/66B | - | - | - | €649 | €2,779 | €1,117 | €981 | ▼ 12.1% |
| Recurring financial charges65 | €1,927 | €1,644 | €850 | €649 | €2,779 | €1,117 | €981 | ▼ 12.1% |
| Profit (loss) for the period before taxes9903 | €16,740 | €31 | -€10,460 | €3,785 | -€26,092 | €344 | -€11,732 | - |
| Income taxes67/77 | €1,094 | €7 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €15,646 | €24 | -€10,460 | €3,785 | -€26,092 | €344 | -€11,732 | - |
| Profit (loss) for the period to be appropriated9905 | €15,646 | €24 | -€10,460 | €3,785 | -€26,092 | €344 | -€11,732 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €33,809 | €34,384 | €19,293 | €25,539 | €32,151 | €20,633 | €7,395 | ▼ 64.2% |
| Fixed assets21/28 | €10,572 | €9,459 | €7,317 | €5,403 | €8,195 | €1,788 | €1,193 | ▼ 33.3% |
| Intangible fixed assets21 | - | - | - | - | - | €0 | €0 | - |
| Tangible fixed assets22/27 | €10,572 | €9,459 | €7,317 | €5,403 | €8,195 | €1,788 | €840 | ▼ 53.0% |
| Land and buildings22 | - | - | - | €5,403 | €3,717 | €1,271 | €840 | ▼ 33.9% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0 | €0 | - |
| Furniture and vehicles24 | - | - | - | - | €4,478 | €517 | €0 | ▼ 100% |
| Financial fixed assets28 | - | - | - | - | - | - | €353 | - |
| Current assets29/58 | €23,237 | €24,926 | €11,976 | €20,136 | €23,956 | €18,845 | €6,202 | ▼ 67.1% |
| Stocks and contracts in progress3 | €1,255 | €692 | €1,574 | €2,069 | €496 | €3,191 | €2,630 | ▼ 17.6% |
| Stocks30/36 | - | - | - | €2,069 | €496 | €3,191 | €2,630 | ▼ 17.6% |
| Amounts receivable within one year40/41 | €7,194 | €5,095 | €1,807 | €291 | €166 | €3,582 | €2,005 | ▼ 44.0% |
| Trade receivables40 | - | - | - | - | - | €1,526 | €1,526 | = |
| Other amounts receivable41 | - | - | - | €291 | €166 | €2,056 | €479 | ▼ 76.7% |
| Cash at bank and in hand54/58 | €14,247 | €18,267 | €7,580 | €15,078 | €21,153 | €10,818 | €138 | ▼ 98.7% |
| Deferred charges and accrued income490/1 | - | - | - | €2,698 | €2,142 | €1,254 | €1,429 | ▲ 14.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €33,809 | €34,384 | €19,293 | €25,539 | €32,151 | €20,633 | €7,395 | ▼ 64.2% |
| Equity10/15 | -€13,881 | -€13,857 | -€24,317 | -€20,532 | -€46,623 | -€45,785 | -€57,517 | ▼ 25.6% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Profit (loss) carried forward14 | -€32,473 | -€32,449 | -€42,909 | -€39,124 | -€65,215 | -€64,377 | -€76,109 | ▼ 18.2% |
| Amounts payable17/49 | €47,689 | €48,241 | €43,610 | €46,070 | €78,774 | €66,418 | €64,912 | ▼ 2.3% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | €53,956 | - |
| Financial debts170/4 | - | - | - | - | - | - | €7,749 | - |
| Other amounts payable178/9 | - | - | - | - | - | - | €46,207 | - |
| Amounts payable within one year42/48 | €47,689 | €47,383 | €43,610 | €46,070 | €78,774 | €66,418 | €10,955 | ▼ 83.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €833 | €833 | €744 | €663 | ▼ 10.9% |
| Trade debts44 | €5,089 | €14,417 | €18,771 | €16,924 | €44,871 | €14,430 | €4,243 | ▼ 70.6% |
| Suppliers440/4 | - | - | - | €16,924 | €44,871 | €14,430 | €4,243 | ▼ 70.6% |
| Taxes, remuneration and social security45 | - | - | - | €2,691 | €8,948 | €7,321 | €5,779 | ▼ 21.1% |
| Taxes450/3 | - | - | - | - | €4,003 | €3,176 | €2,167 | ▼ 31.8% |
| Remuneration and social security454/9 | - | - | - | €2,691 | €4,946 | €4,145 | €3,612 | ▼ 12.9% |
| Other amounts payable47/48 | - | - | - | €25,621 | €24,121 | €43,924 | €270 | ▼ 99.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,646 | €24 | -€10,460 | €3,785 | -€26,092 | €344 | -€11,732 | - |
| + Depreciation and write-downs630 | €2,187 | €2,561 | €2,141 | €1,914 | €3,149 | €2,741 | €948 | ▼ 65.4% |
| Operating cash flow (approximation) | €17,833 | €2,585 | -€8,319 | €5,700 | -€22,942 | €3,085 | -€10,785 | - |
| Investment in fixed assets (approximation) | - | -€1,447 | €0 | €0 | -€5,941 | - | -€353 | - |
| Change in cash | - | €4,020 | -€10,687 | €7,498 | €6,074 | - | -€10,680 | - |
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, 6,619 companies had the same profile as PLAT'IN has now. Two years later, 84.5% were still going and 4.5% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
84.5%
was still going
10.0%
stopped otherwise
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PLAT'IN itself: 2.1% within 12 months.
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 6,619 companies, not a prediction for PLAT'IN. 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 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-07-2026 | 2026-00325919 | |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00328527 | |
| 31-12-2022 | micro format | 18-07-2023 | 2023-00245743 | |
| 31-12-2021 | micro format | 18-07-2022 | 2022-20195426 | |
| 31-12-2020 | micro format | 19-07-2021 | 2021-37800203 | |
| 31-12-2019 | micro format | 20-07-2020 | 2020-32000181 | |
| 31-12-2018 | micro format | 18-07-2019 | 2019-34300545 | |
| 31-12-2017 | micro format | 14-07-2018 | 2018-33700424 | |
| 31-12-2016 | micro format | 20-07-2017 | 2017-34200299 | |
| 31-12-2015 | full format | 18-07-2016 | 2016-32800425 |