PLBE
ActiveSummary
PLBE has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of €167,096. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 92% of 192 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-10
Solvency100=
Growth59=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230,000 at 30 days acceptable
Liquidity ample (current ratio 44.05 against 13.19 in 2024; short-term debt: 0.2% and cash: 3.9% of total assets), and 8.4% 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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% 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
91.6%
Return on assets
5.3%
Age of the figures
9 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
45 d early
2023
48 d early
2022
48 d early
2021
38 d early
2020
19 d early
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% 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 16 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#8 company by equity in Aartselaar, Manufacturing sector#10 oldest company in Aartselaar, Manufacturing sector
Turnover
€569,799▲ 4.0%
2023 · €547,963
EBIT margin
47.9%▼ 2.9pp
2023 · 50.7%
Net result
€167,096▼ 31.9%
2024 · €245,387
Working capital
€327,125▲ 11.1%
2024 · €294,490
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, 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
Line20212022202320242025
Turnover€476,905▼ 16.2%€479,120▲ 0.5%€547,963▲ 14.4%€569,799▲ 4.0%
Operating result-€1,447€25,914€278,060▲ 973%€272,796▼ 1.9%€172,289▼ 36.8%
Net result-€18,596below the sector's middle half€11,861within the sector's middle half€240,857within the sector's middle half▲ 1,931%€245,387above the sector's middle half▲ 1.9%€167,096within the sector's middle half▼ 31.9%
EBIT margin-0.3%▼ 5.2pp5.4%▲ 5.7pp50.7%▲ 45.3pp47.9%▼ 2.9pp
Equity€2.2mabove the sector's middle half▼ 0.8%€2.3mabove the sector's middle half▲ 0.5%€2.5mabove the sector's middle half▲ 10.7%€2.7mabove the sector's middle half▲ 9.8%€2.9mwithin the sector's middle half▲ 6.1%
Total assets€3.4mwithin the sector's middle half▼ 4.9%€3.1mwithin the sector's middle half▼ 9.5%€3.3mwithin the sector's middle half▲ 5.2%€3.2mwithin the sector's middle half▼ 0.8%€3.2mwithin the sector's middle half▼ 1.9%
Debt€1.2m▼ 11.6%€848,913▼ 28.5%€768,215▼ 9.5%€495,222▼ 35.5%€267,195▼ 46.0%
Working capital€30,463below the sector's middle half▼ 58.2%€38,213below the sector's middle half▲ 25.4%€204,017within the sector's middle half▲ 434%€294,490within the sector's middle half▲ 44.3%€327,125below the sector's middle half▲ 11.1%
Solvency65.4%above the sector's middle half▲ 2.7pp72.6%above the sector's middle half▲ 7.3pp76.4%above the sector's middle half▲ 3.8pp84.7%above the sector's middle half▲ 8.2pp91.6%above the sector's middle half▲ 6.9pp
Current ratio1.40within the sector's middle half▼ 2.022.11within the sector's middle half▲ 0.713.02within the sector's middle half▲ 0.9113.19above the sector's middle half▲ 10.1744.05above the sector's middle half▲ 30.86
Return on assets (ROA)-0.5%below the sector's middle half▼ 0.6pp0.4%below the sector's middle half▲ 0.9pp7.4%within the sector's middle half▲ 7.0pp7.6%within the sector's middle half▲ 0.2pp5.3%within the sector's middle half▼ 2.3pp
above
within
below
the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets
€2.8m ▼ 2.6%
Current assets
€334,724 ▲ 5.0%
Equity and liabilities €3.2m
Equity
€2.9m ▲ 6.1%
Debt
€267,195 ▼ 46.0%
Debt's share of the balance-sheet total falls from 15.3% to 8.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€249,300▼
2024 · €349,382
Cash flow
€244,108▼
2024 · €321,973
Quick ratio
30.84▲
2024 · 9.10
Debt to equity
0.09▼
2024 · 0.18
ROE
5.8%▼
2024 · 9.0%
Interest coverage
48.01▲
2024 · 12.75
Debt ≤ 1 year
€7,598▼
2024 · €24,154
Debt > 1 year
€149,810▼
2024 · €469,738
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,662 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% | 1.7% |
| 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 75% 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 20,129 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €476,905 | €479,120 | €547,963 | €569,799 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €184,683 | €160,266 | €184,096 | €211,324 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €292,682 | €291,950 | €82,472 | €76,586 | €77,012 | ▲ 0.6% |
| Other operating charges640/8 | €988 | €990 | €4,592 | €9,093 | €4,139 | ▼ 54.5% |
| Gross operating margin9900 | €292,223 | €318,854 | €365,124 | €358,475 | €253,439 | ▼ 29.3% |
| Operating profit (loss)9901 | -€1,447 | €25,914 | €278,060 | €272,796 | €172,289 | ▼ 36.8% |
| Financial charges65/66B | €17,148 | €14,053 | €37,202 | €27,409 | €5,192 | ▼ 81.1% |
| Recurring financial charges65 | €17,148 | €14,053 | €37,202 | €27,409 | €5,192 | ▼ 81.1% |
| Profit (loss) for the period before taxes9903 | -€18,596 | €11,861 | €240,857 | €245,387 | €167,096 | ▼ 31.9% |
| Profit (loss) for the period9904 | -€18,596 | €11,861 | €240,857 | €245,387 | €167,096 | ▼ 31.9% |
| Profit (loss) for the period to be appropriated9905 | -€18,596 | €11,861 | €240,857 | €245,387 | €167,096 | ▼ 31.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.4m | €3.1m | €3.3m | €3.2m | €3.2m | ▼ 1.9% |
| Fixed assets21/28 | €3.3m | €3.0m | €3.0m | €2.9m | €2.8m | ▼ 2.6% |
| Tangible fixed assets22/27 | €3.3m | €3.0m | €3.0m | €2.9m | €2.8m | ▼ 2.6% |
| Land and buildings22 | €3.3m | €3.0m | €2.9m | €2.9m | €2.8m | ▼ 2.4% |
| Plant, machinery and equipment23 | €26,412 | €23,509 | €30,185 | €58,524 | €51,045 | ▼ 12.8% |
| Current assets29/58 | €107,277 | €72,786 | €305,055 | €318,643 | €334,724 | ▲ 5.0% |
| Stocks and contracts in progress3 | - | - | €90,928 | €98,778 | €100,430 | ▲ 1.7% |
| Stocks30/36 | - | - | €90,928 | €98,778 | €100,430 | ▲ 1.7% |
| Amounts receivable within one year40/41 | €68,983 | €29,688 | €79,801 | €64,218 | €112,011 | ▲ 74.4% |
| Trade receivables40 | €68,983 | €29,688 | €63,480 | €64,218 | €85,265 | ▲ 32.8% |
| Other amounts receivable41 | €0 | - | €16,321 | €0 | €26,747 | - |
| Cash at bank and in hand54/58 | €38,294 | €43,099 | €134,326 | €155,647 | €122,282 | ▼ 21.4% |
| Deferred charges and accrued income490/1 | €0 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.4m | €3.1m | €3.3m | €3.2m | €3.2m | ▼ 1.9% |
| Equity10/15 | €2.2m | €2.3m | €2.5m | €2.7m | €2.9m | ▲ 6.1% |
| Contributions10/11 | €3.1m | €3.1m | €3.1m | €3.1m | €3.1m | = |
| Capital10 | €3.1m | €3.1m | €3.1m | €3.1m | €3.1m | = |
| Issued capital100 | €3.1m | €3.1m | €3.1m | €3.1m | €3.1m | = |
| Revaluation surpluses12 | €1.1m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €568,407 | €632,384 | €632,384 | €632,384 | €632,384 | = |
| Non-distributable reserves130/1 | €312,500 | €312,500 | €312,500 | €312,500 | €312,500 | = |
| Legal reserve130 | €312,500 | €312,500 | €312,500 | €312,500 | €312,500 | = |
| Distributable reserves133 | €255,907 | €319,884 | €319,884 | €319,884 | €319,884 | = |
| Profit (loss) carried forward14 | -€2.6m | -€2.5m | -€2.3m | -€2.1m | -€1.9m | ▲ 8.1% |
| Amounts payable17/49 | €1.2m | €848,913 | €768,215 | €495,222 | €267,195 | ▼ 46.0% |
| Amounts payable after more than one year17 | €1.1m | €745,000 | €625,000 | €469,738 | €149,810 | ▼ 68.1% |
| Financial debts170/4 | €1.1m | €745,000 | €625,000 | €469,738 | €149,810 | ▼ 68.1% |
| Amounts payable within one year42/48 | €76,814 | €34,573 | €101,038 | €24,154 | €7,598 | ▼ 68.5% |
| Trade debts44 | €66,314 | €33,688 | €101,038 | €18,012 | €7,598 | ▼ 57.8% |
| Suppliers440/4 | €66,314 | €33,688 | €101,038 | €18,012 | €7,598 | ▼ 57.8% |
| Taxes, remuneration and social security45 | €10,500 | €886 | €0 | €6,141 | - | - |
| Taxes450/3 | €10,500 | €886 | €0 | €6,141 | - | - |
| Accrued charges and deferred income492/3 | €55,402 | €69,340 | €42,178 | €1,331 | €109,786 | ▲ 8,148% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,596 | €11,861 | €240,857 | €245,387 | €167,096 | ▼ 31.9% |
| + Depreciation and write-downs630 | €292,682 | €291,950 | €82,472 | €76,586 | €77,012 | ▲ 0.6% |
| Operating cash flow (approximation) | €274,086 | €303,812 | €323,330 | €321,973 | €244,108 | ▼ 24.2% |
| Investment in fixed assets (approximation) | - | €0 | -€10,363 | -€35,392 | €0 | ▲ 100% |
| Change in cash | - | €4,804 | €91,227 | €21,322 | -€33,365 | ▼ 256% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity triplescurrent ratio 44.05
Current ratio from 13.19 to 44.05; short-term debt falls from €24,154 to €7,598.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €245,387 ▲1.9%
Net result €245,387, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 13.19
Current ratio from 3.02 to 13.19; short-term debt falls from €101,038 to €24,154.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €11,861
Net result €11,861 after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €1,485
Net result €1,485 after 2 loss-making years.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Weakest financial yearnet -€53,015
Net result drops to -€53,015, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 31current ratio 8.02
Current ratio from 0.26 to 8.02; short-term debt falls from €271,302 to €61,614.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 19 acts read
About the unread acts
We know of 19 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
19 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, Aartselaar · 1 establishment unit since 1995
Ground area
1.3 ha
Building footprint
2,814 m²
Volume, LiDAR
20,971 m³
2 parcels, Flanders · tallest building 18.6 m, ±5 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
PLASTIFLEX BELGIUM
since 19952.054.345.875
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11001B0081/00G000 | Flanders | 1.2 ha | 1 · 2,550 m² | 7.6 m · 2 fl. |
| 44808H0085/00P002 | Flanders | 668 m² | 1 · 264 m² | 18.6 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Part of the group
3 D
20 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- 3D PRIVATE EQUITY
- 3 D
- PLBE
Highest known parent: 3D PRIVATE EQUITY. The sources do not say who stands above it.
Owners 1
- 3 DparentSourceaccounts 3 D 2024100%
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.
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Of 371 companies in sector 22210 we hold annual accounts for 294. 176 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-09-1991
Fiscal year end31-12
Activities, NACEBEL 2025
22210Manufacture of rubber and plastic products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445212479
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.