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Plies

Active
Private limited companyfounded 20197 yrs activeLeo Kempenaersstraat 20, 2223 Heist-op-den-Berg, BelgiumKBO/BCE: BE 0727.623.130
Summary

The computed 12-month bankruptcy probability of Plies is 1.8% (moderate). The annual accounts of Plies for fiscal year 2026 show a net loss of 56% of the equity at the start of that year. The 2026 annual accounts show equity of €76 and a net result of -€12,519. Equity is shrinking by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 22% of 329 sector peers (fiscal year 2026). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
PliesActiveChecked score 52/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of clothing and accessories for women, men, children and babies (general range)
NACE 47716
1 site
Size
€39,619total assets 2026
Equity
€76
Loss
-€12,519
Turnover not published (abridged schema)
Financial health
52 Fair Checked score 2026
Bankruptcy chance 12 m
1.8%
Structure
Accounts 36 d early1 of 2 deeds read
Why 52- Sector Retail trade (NACE 47)- Loss of €12,519, the second in a row (FY 2026)- Equity €76 (0.2% of total assets)+ Size: total assets €39,619Show the evidence

Checked score

Score 2026
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 10% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2025
Weak
Solvency 25-39
equity 0.2% of total assets
Liquidity 11-12
short-term debt 99.8% · cash 8.4%
Profitability 0-4
return on assets -31.6%
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (39,974 companies)
Last 24 months 11-2024: 1.5% 12-2024: 1.6%▲ +2.4% vs 11-2024 01-2025: 1.5%▼ -2.4% vs 12-2024 02-2025: 1.5%● 0.0% vs 01-2025 03-2025: 1.5%● 0.0% vs 02-2025 04-2025: 1.5%▼ -1.0% vs 03-2025lowest value 05-2025: 1.6%▲ +3.7% vs 04-2025 06-2025: 1.6%● 0.0% vs 05-2025 07-2025: 1.7%▲ +7.5% vs 06-2025 08-2025: 1.7%▲ +2.1% vs 07-2025 09-2025: 1.5%▼ -11.3% vs 08-2025 10-2025: 1.7%▲ +11.7% vs 09-2025 11-2025: 1.5%▼ -9.5% vs 10-2025 12-2025: 1.5%● 0.0% vs 11-2025 01-2026: 1.5%● 0.0% vs 12-2025 02-2026: 1.5%● 0.0% vs 01-2026 03-2026: 1.5%● 0.0% vs 02-2026 04-2026: 1.5%▼ -1.0% vs 03-2026 05-2026: 1.5%● 0.0% vs 04-2026 06-2026: 1.5%▲ +1.8% vs 05-2026 07-2026: 1.6%▲ +4.9% vs 06-2026 08-2026: 1.7%▲ +2.1% vs 07-2026 09-2026: 1.6%▼ -2.2% vs 08-2026 10-2026: 1.8%▲ +9.5% vs 09-2026highest value
  • Size: total assets €39,619 lowers the probability for this profile
  • Sector Retail trade (NACE 47) raises the probability
  • Loss of €12,519, the second in a row (FY 2026) raises the probability
  • Equity €76 (0.2% of total assets) raises the probability
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.95 against 1.49 in 2025; short-term debt: 99.8% and cash: 8.4% of total assets), and 99.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 19%, liquidity 11%, profitability 6%, growth against the median 5%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €39,619
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Sector Retail trade (NACE 47)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Loss of €12,519, the second in a row (FY 2026)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Equity €76 (0.2% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026
Net result per financial year
20212223242526
2020 to 2026 · latest year -€12,519
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 329 sector peers (2026).
NBB · sector comparison
Position among 329 sector peers
Solvency
better than 22%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 25-09-2026, 36 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2026
36 d early
2025
23 d early
2024
8 d early
2023
6 d early
2022
21 d late
2021
3 d early
2020
3 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 8 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 23 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-03-2027 close31-10-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2026 · micro…
  2. Board meeting · Registered-office moveState Gazette act
  3. Weakest financial yearnet -€12,519

Key points

  • Risk: 3 loss-making years in a rowloss fiscal year 2026 -€12,519 View
  • Caution: Among the weakest 16% on net resultsector median €5,436 · 329 companies -€12,519 View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View

By topic

Financials

Fiscal year
2026
Total assets
€39,619
Loss
-€12,519
Solvency
0.2%
Go to Financials

Timeline

Events
11
Since
2020
Next accounts
by 31-10-2027
  1. 25-09-2026Annual accounts filed
  2. 24-06-2026Board meeting · Registered-office move
  3. 31-03-2026Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Retail sale of clothing and accessories for women…NACE 47716
Founded
29-05-2019
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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