PLAY IT
ActiveSummary
PLAY IT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€249,487) and a net result of -€516,988. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 10% of 214 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-2
Solvency14▼-16
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.89 against 3.49 in 2023; short-term debt: 20% and cash: 6.2% of total assets), but equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-11.3%
Return on assets
-23.4%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Other manufacturing (NACE 32)
about 28% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€249,487
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 23-06-2025, 38 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
23 d early
2022
41 d early
2021
26 d early
2020
26 d early
2019
31 d early
← 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 31 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (1)
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 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 What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
-€249,487
2023 · €104,738
Total assets
€2.2m▼ 2.3%
2023 · €2.3m
Net result
-€516,988▼ 69.4%
2023 · -€305,207
Working capital
€391,711▼ 54.6%
2023 · €863,170
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 32, Other manufacturing, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€31,019€3,742▼ 87.9%€52,166▲ 1,294%-€253,376-€419,563▼ 65.6%
Net result€24,444within the sector's middle half-€3,655below the sector's middle half€45,530above the sector's middle half-€305,207below the sector's middle half-€516,988below the sector's middle half▼ 69.4%
Equity€368,070above the sector's middle half▲ 7.1%€364,415above the sector's middle half▼ 1.0%€409,945above the sector's middle half▲ 12.5%€104,738within the sector's middle half▼ 74.5%-€249,487below the sector's middle half
Total assets€781,983above the sector's middle half▲ 50.0%€735,024above the sector's middle half▼ 6.0%€1.2mabove the sector's middle half▲ 56.8%€2.3mabove the sector's middle half▲ 95.9%€2.2mwithin the sector's middle half▼ 2.3%
Debt€413,913▲ 133%€370,609▼ 10.5%€742,259▲ 100%€2.2m▲ 190%€2.5m▲ 14.0%
Working capital€458,132▲ 109%€448,980▼ 2.0%€280,061▼ 37.6%€863,170▲ 208%€391,711▼ 54.6%
Solvency47.1%within the sector's middle half▼ 18.9pp49.6%within the sector's middle half▲ 2.5pp35.6%within the sector's middle half▼ 14.0pp4.6%below the sector's middle half▼ 30.9pp-11.3%below the sector's middle half▼ 16.0pp
Staff (FTE)6.2above the sector's middle half▲ 55.0%9.1▲ 46.8%11.3▲ 24.2%14.8above the sector's middle half▲ 31.0%14.2above the sector's middle half▼ 4.1%
above
within
below
the middle half (P25 to P75) of NACE 32, Other manufacturing, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €419,563 in 2024 against €253,376 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.2m
Fixed assets
€1.4m ▲ 31.1%
Current assets
€832,094 ▼ 31.2%
Key figures and ratios
EBITDA
-€177,452▼
2023 · -€104,761
Cash flow
-€274,877▼
2023 · -€156,592
Current ratio
1.89▼
2023 · 3.49
Debt to equity
-9.84▼
2023 · 20.56
ROA
-23.4%▼
2023 · -13.5%
Interest coverage
-1.47▲
2023 · -1.98
Debt ≤ 1 year
€440,383▲
2023 · €346,919
Debt > 1 year
€1.1m▼
2023 · €1.2m
Income taxes
-€19,567▼
2023 · €2,938
Staff costs
€1.2m▲
2023 · €1.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 561 companies that looked in July 2024 the way this one looks now, 6.1% went bankrupt within 24 months and 86% are still going.
- Small
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
6.1%
went bankrupt
4.6%
stopped otherwise
86%
still going
A further 2.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 561 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 | - | - | €6,897 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €445,162 | €577,760 | €1.0m | €1.2m | ▲ 15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76,933 | €78,801 | €68,732 | €148,615 | €242,111 | ▲ 62.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €3,330 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €1,589 | €3,827 | €3,552 | €5,382 | ▲ 51.5% |
| Gross operating margin9900 | €377,577 | €529,294 | €702,485 | €928,558 | €1.0m | ▲ 8.8% |
| Operating profit (loss)9901 | €31,019 | €3,742 | €52,166 | -€253,376 | -€419,563 | ▼ 65.6% |
| Financial income75/76B | - | €63 | €104 | €4,130 | €3,509 | ▼ 15.0% |
| Recurring financial income75 | €66 | €63 | €104 | €4,130 | €3,509 | ▼ 15.0% |
| Financial charges65/66B | - | €6,960 | €5,841 | €53,022 | €120,500 | ▲ 127% |
| Recurring financial charges65 | €6,094 | €6,960 | €5,841 | €53,022 | €120,500 | ▲ 127% |
| Profit (loss) for the period before taxes9903 | €24,991 | -€3,155 | €46,429 | -€302,269 | -€536,555 | ▼ 77.5% |
| Income taxes67/77 | €547 | €500 | €899 | €2,938 | -€19,567 | ▼ 766% |
| Profit (loss) for the period9904 | €24,444 | -€3,655 | €45,530 | -€305,207 | -€516,988 | ▼ 69.4% |
| Profit (loss) for the period to be appropriated9905 | €24,444 | -€3,655 | €45,530 | -€305,207 | -€516,988 | ▼ 69.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €781,983 | €735,024 | €1.2m | €2.3m | €2.2m | ▼ 2.3% |
| Formation expenses20 | €3,370 | €1,079 | €0 | - | - | - |
| Fixed assets21/28 | €156,864 | €85,176 | €617,713 | €1.0m | €1.4m | ▲ 31.1% |
| Intangible fixed assets21 | €138,869 | €70,638 | €605,891 | €1.0m | €1.4m | ▲ 32.2% |
| Tangible fixed assets22/27 | €17,995 | €14,538 | €11,822 | €15,309 | €8,469 | ▼ 44.7% |
| Plant, machinery and equipment23 | - | €240 | €125 | €1,306 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €14,298 | €11,696 | €14,003 | €8,469 | ▼ 39.5% |
| Current assets29/58 | €621,750 | €648,769 | €534,491 | €1.2m | €832,094 | ▼ 31.2% |
| Amounts receivable within one year40/41 | €149,050 | €298,709 | €244,339 | €611,345 | €678,001 | ▲ 10.9% |
| Trade receivables40 | - | €296,212 | €241,801 | €603,685 | €644,690 | ▲ 6.8% |
| Other amounts receivable41 | - | €2,497 | €2,538 | €7,660 | €33,311 | ▲ 335% |
| Current investments50/53 | - | - | - | €100,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €472,700 | €348,818 | €284,600 | €370,940 | €136,383 | ▼ 63.2% |
| Deferred charges and accrued income490/1 | - | €1,242 | €5,552 | €127,805 | €17,710 | ▼ 86.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €781,983 | €735,024 | €1.2m | €2.3m | €2.2m | ▼ 2.3% |
| Equity10/15 | €368,070 | €364,415 | €409,945 | €104,738 | -€249,487 | ▼ 338% |
| Contributions10/11 | - | €469,244 | €469,244 | €469,244 | €632,008 | ▲ 34.7% |
| Reserves13 | €3,400 | €3,400 | €3,400 | €3,400 | €3,400 | = |
| Non-distributable reserves130/1 | - | €170 | €170 | €170 | €170 | = |
| Reserves not available under the articles1311 | - | €170 | €170 | €170 | €170 | = |
| Distributable reserves133 | - | €3,230 | €3,230 | €3,230 | €3,230 | = |
| Profit (loss) carried forward14 | -€104,574 | -€108,229 | -€62,700 | -€367,907 | -€884,895 | ▼ 141% |
| Amounts payable17/49 | €413,913 | €370,609 | €742,259 | €2.2m | €2.5m | ▲ 14.0% |
| Amounts payable after more than one year17 | €165,698 | €118,626 | €51,287 | €1.2m | €1.1m | ▼ 2.9% |
| Financial debts170/4 | - | €118,626 | €51,287 | €1.2m | €1.1m | ▼ 2.9% |
| Amounts payable within one year42/48 | €163,618 | €199,790 | €254,430 | €346,919 | €440,383 | ▲ 26.9% |
| Current portion of amounts payable after more than one year42 | - | €47,071 | €42,340 | €43,126 | €105,552 | ▲ 145% |
| Financial debts43 | - | - | - | - | €50,000 | - |
| Credit institutions430/8 | - | - | - | - | €50,000 | - |
| Trade debts44 | €22,496 | €51,456 | €96,570 | €145,396 | €159,198 | ▲ 9.5% |
| Suppliers440/4 | - | €51,456 | €96,570 | €145,396 | €159,198 | ▲ 9.5% |
| Taxes, remuneration and social security45 | - | €101,263 | €115,520 | €158,397 | €125,633 | ▼ 20.7% |
| Taxes450/3 | - | €47,583 | €50,187 | €56,696 | €40,569 | ▼ 28.4% |
| Remuneration and social security454/9 | - | €53,679 | €65,333 | €101,701 | €85,064 | ▼ 16.4% |
| Accrued charges and deferred income492/3 | - | €52,193 | €436,543 | €627,877 | €869,740 | ▲ 38.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,444 | -€3,655 | €45,530 | -€305,207 | -€516,988 | ▼ 69.4% |
| + Depreciation and write-downs630 | €76,933 | €78,801 | €68,732 | €148,615 | €242,111 | ▲ 62.9% |
| Operating cash flow (approximation) | €101,377 | €75,146 | €114,262 | -€156,592 | -€274,877 | ▼ 75.5% |
| Investment in fixed assets (approximation) | - | -€7,113 | -€601,269 | -€578,507 | -€567,606 | ▲ 1.9% |
| Change in cash | - | -€123,882 | -€64,218 | €86,340 | -€234,557 | ▼ 372% |
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
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€516,988
Net result drops to -€516,988, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €45,530
Net result €45,530 after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €24,444
Net result €24,444 after 2 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 17current ratio 3.52
Current ratio from 0.21 to 3.52; short-term debt falls from €111,961 to €86,679.
31-12
Financial
Equity above €200,000Eq €343,626 ▲1,442%
Equity rises from €22,290 to €343,626.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
9 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, Kortrijk · 1 establishment unit since 2017
Ground area
7,707 m²
Building footprint
4,683 m²
Volume, LiDAR
35,443 m³
Parcel 34022E0450/00T006, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PLAY IT
since 20172.262.188.666
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0450/00T006 | Flanders | 7,706 m² | 1 · 4,683 m² | 10.1 m · 3 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
-
20.52%
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 16 entries · 697,081 EUR awarded · 679,762 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 6 | 1,284 EUR | 195,564 EUR |
| 2024 | 4 | 369,584 EUR | 218,072 EUR |
| 2023 | 3 | 15,067 EUR | 134,068 EUR |
| 2022 | 3 | 311,146 EUR | 132,058 EUR |
Similar companies · same sector, comparable size
A & P PROJECTS
BE 0476.346.016
Berlaar · Eq €104,070
MEGALOPOLE
BE 0480.043.003
Eghezée · Eq €114,042
LEERSTUDIO BV
BE 0749.524.938
Sint-Niklaas · Eq €115,630
BUZZ ARCADE
BE 0704.699.654
Awans · Eq €89,341
ARDENNES TOYS
BE 0556.900.259
Habay · Eq €88,393
Of 338 companies in sector 32400 we hold annual accounts for 103. 73 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
Founded16-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
32400Other manufacturing
58290Other software publishing
62100Computer programming
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0671574550
Registered
03-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.