Plavocast
ActiveSummary
The computed 12-month bankruptcy probability of Plavocast is 2.0% (moderate). The 2025 annual accounts show equity of €40,486 and a net result of €3,245. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 53% of 7625 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+18
Solvency71▼-10
Growth52=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 1.66 against 1.91 in 2024; short-term debt: 54% and cash: 23.7% of total assets), but 54% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46%
Return on assets
3.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
53 d late
2024
28 d late
2023
41 d early
2022
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average on the deadline day; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 26 July (3 of the last 4 filed years within 35 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€40,486▲ 8.7%
2024 · €37,240
Total assets
€87,971▲ 33.3%
2024 · €65,996
Net result
€3,245▼ 58.2%
2024 · €7,769
Working capital
€31,139▲ 19.0%
2024 · €26,161
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 41, Construction of residential and non-residential buildings, 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€26,934-€4,029▼ 85.0%€18,104▲ 349%€8,511▼ 53.0%
Net result€21,418within the sector's middle half-€3,053within the sector's middle half▼ 85.7%€7,769within the sector's middle half▲ 154%€3,245within the sector's middle half▼ 58.2%
Equity€26,418within the sector's middle half-€29,471within the sector's middle half▲ 11.6%€37,240within the sector's middle half▲ 26.4%€40,486within the sector's middle half▲ 8.7%
Total assets€39,633below the sector's middle half-€123,994within the sector's middle half▲ 213%€65,996within the sector's middle half▼ 46.8%€87,971within the sector's middle half▲ 33.3%
Debt€13,215-€94,523▲ 615%€28,755▼ 69.6%€47,486▲ 65.1%
Working capital€22,727within the sector's middle half-€16,462within the sector's middle half▼ 27.6%€26,161within the sector's middle half▲ 58.9%€31,139within the sector's middle half▲ 19.0%
Solvency66.7%above the sector's middle half-23.8%within the sector's middle half▼ 42.9pp56.4%within the sector's middle half▲ 32.7pp46.0%within the sector's middle half▼ 10.4pp
Current ratio2.72within the sector's middle half-1.17within the sector's middle half▼ 1.551.91within the sector's middle half▲ 0.741.66within the sector's middle half▼ 0.25
Return on assets (ROA)54.0%above the sector's middle half-2.5%within the sector's middle half▼ 51.6pp11.8%within the sector's middle half▲ 9.3pp3.7%within the sector's middle half▼ 8.1pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 53% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87,971
Fixed assets
€9,347 ▼ 15.6%
Current assets
€78,624 ▲ 43.2%
Equity and liabilities €87,971
Equity
€40,486 ▲ 8.7%
Debt
€47,486 ▲ 65.1%
Debt's share of the balance-sheet total rises from 43.6% to 54.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11,535▼
2024 · €20,878
Cash flow
€6,269▼
2024 · €10,544
Quick ratio
1.13▼
2024 · 1.21
Debt to equity
1.17▲
2024 · 0.77
ROE
8.0%▼
2024 · 20.9%
Interest coverage
12.29▲
2024 · 2.56
Debt ≤ 1 year
€47,486▲
2024 · €28,755
Income taxes
€4,506▲
2024 · €2,217
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,048 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.2%
went bankrupt
3.8%
stopped otherwise
94%
still going
For this company itself Checked computes a bankruptcy probability of 2.0% 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 497,340 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 5,048 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €189 | €1,574 | €2,775 | €3,023 | ▲ 9.0% |
| Other operating charges640/8 | - | €132 | €528 | €2,113 | ▲ 300% |
| Gross operating margin9900 | €27,123 | €5,735 | €21,406 | €13,648 | ▼ 36.2% |
| Operating profit (loss)9901 | €26,934 | €4,029 | €18,104 | €8,511 | ▼ 53.0% |
| Financial income75/76B | €0 | €85 | €25 | €179 | ▲ 601% |
| Recurring financial income75 | €0 | €85 | €25 | €179 | ▲ 601% |
| Financial charges65/66B | €235 | €187 | €8,142 | €938 | ▼ 88.5% |
| Recurring financial charges65 | €235 | €187 | €8,142 | €938 | ▼ 88.5% |
| Profit (loss) for the period before taxes9903 | €26,699 | €3,927 | €9,987 | €7,752 | ▼ 22.4% |
| Income taxes67/77 | €5,281 | €874 | €2,217 | €4,506 | ▲ 103% |
| Profit (loss) for the period9904 | €21,418 | €3,053 | €7,769 | €3,245 | ▼ 58.2% |
| Profit (loss) for the period to be appropriated9905 | €21,418 | €3,053 | €7,769 | €3,245 | ▼ 58.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €39,633 | €123,994 | €65,996 | €87,971 | ▲ 33.3% |
| Fixed assets21/28 | €3,691 | €13,009 | €11,079 | €9,347 | ▼ 15.6% |
| Tangible fixed assets22/27 | €2,431 | €11,749 | €9,819 | €8,087 | ▼ 17.6% |
| Plant, machinery and equipment23 | €2,431 | €11,749 | €9,819 | €8,087 | ▼ 17.6% |
| Financial fixed assets28 | €1,260 | €1,260 | €1,260 | €1,260 | = |
| Current assets29/58 | €35,942 | €110,985 | €54,916 | €78,624 | ▲ 43.2% |
| Stocks and contracts in progress3 | - | €20,000 | €20,000 | €25,000 | ▲ 25.0% |
| Stocks30/36 | - | - | - | €5,000 | - |
| Contracts in progress37 | - | €20,000 | €20,000 | €20,000 | = |
| Amounts receivable within one year40/41 | €25,872 | €62,229 | €8,046 | €32,023 | ▲ 298% |
| Trade receivables40 | €20,222 | €49,189 | €8,000 | €31,756 | ▲ 297% |
| Other amounts receivable41 | €5,650 | €13,040 | €46 | €267 | ▲ 480% |
| Cash at bank and in hand54/58 | €10,069 | €28,343 | €26,048 | €20,837 | ▼ 20.0% |
| Deferred charges and accrued income490/1 | - | €412 | €822 | €764 | ▼ 7.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €39,633 | €123,994 | €65,996 | €87,971 | ▲ 33.3% |
| Equity10/15 | €26,418 | €29,471 | €37,240 | €40,486 | ▲ 8.7% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Outside capital11 | €5,000 | €5,000 | - | - | - |
| Other1109/19 | €5,000 | €5,000 | - | - | - |
| Reserves13 | €21,418 | €24,471 | €32,240 | €35,486 | ▲ 10.1% |
| Distributable reserves133 | €21,418 | €24,471 | €32,240 | €35,486 | ▲ 10.1% |
| Amounts payable17/49 | €13,215 | €94,523 | €28,755 | €47,486 | ▲ 65.1% |
| Amounts payable within one year42/48 | €13,215 | €94,523 | €28,755 | €47,486 | ▲ 65.1% |
| Trade debts44 | €7,569 | €93,284 | €17,158 | €25,203 | ▲ 46.9% |
| Suppliers440/4 | €7,569 | €93,284 | €17,158 | €25,203 | ▲ 46.9% |
| Taxes, remuneration and social security45 | €5,281 | €874 | €1,232 | €6,918 | ▲ 462% |
| Taxes450/3 | €5,281 | €874 | €1,232 | €6,918 | ▲ 462% |
| Other amounts payable47/48 | €365 | €365 | €10,365 | €15,365 | ▲ 48.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,418 | €3,053 | €7,769 | €3,245 | ▼ 58.2% |
| + Depreciation and write-downs630 | €189 | €1,574 | €2,775 | €3,023 | ▲ 9.0% |
| Operating cash flow (approximation) | €21,607 | €4,627 | €10,544 | €6,269 | ▼ 40.5% |
| Investment in fixed assets (approximation) | - | -€10,892 | -€845 | -€1,291 | ▼ 52.9% |
| Change in cash | - | €18,274 | -€2,295 | -€5,211 | ▼ 127% |
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
Next filing, fiscal year 2026, expected by
2026
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 53 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €3,053 ▼85.7%
Net result drops to €3,053, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kluisbergen · 1 establishment unit since 2021
Ground area
887 m²
Building footprint
190 m²
Volume, LiDAR
864 m³
Parcel 45018B0400/00F002, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Plavocast
since 20212.320.677.983
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45018B0400/00F002 | Flanders | 887 m² | 1 · 190 m² | 6.5 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.
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Of 2,453 companies in sector 41003 we hold annual accounts for 1,058. 688 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-08-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
41001General construction of residential buildings
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0772652807
Also
9925:BE0772652807
Registered
28-08-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.