Plinius
ActiveSummary
The annual accounts of Plinius for financial year 2025 show a net loss of 128% of total assets and of 74% of the equity at the start of that year. The 2025 annual accounts show equity of €7,310 and a net result of -€21,078. Equity has been shrinking by about 21% per year since 2018. If that trend continues, it turns negative around financial year 2026. Its solvency ranks better than 41% of 39,293 sector peers (NACE 70, financial year 2025). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-02-2014 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 2 others
- Establishment unit
- 2.229.713.363 1860 Meise, since 28-02-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 13-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- -€17,758
- ▲ 53.6%
- Loss
- €21,078
- ▼ 49.5%
- Equity
- €7,310
- ▼ 74.2%
- Total assets
- €16,477
- ▼ 50.6%
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €21,078, the second in a row (financial year 2025)Liquidity: current ratio 1.90lowers riskSize: total assets €16,477Sector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 41% of them on solvency, 61% on liquidity, 4% on profitability and 8% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 27 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 07-07-2026 at the NBB all 11 filings
Every figure per financial year
The operating result for 2025 is a loss of €20,264, smaller than the loss of €41,141 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,163 | - | €1,173 | - | - |
| Depreciation and write-downs of the year | €4,362 | €1,975 | €1,880 | €1,291 | €1,108 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,298 | €12,766 | €12,604 | €4,362 | €1,975 | €1,880 | €1,291 | €1,108 | ▼ 14.2% |
| Other operating charges640/8 | - | - | - | €1,188 | €1,197 | €1,284 | €1,347 | €1,399 | ▲ 3.8% |
| Non-recurring operating charges66A | - | - | - | €59 | €197 | - | €235 | - | - |
| Gross operating margin9900 | -€6,955 | €32,964 | €49,352 | €8,857 | €5,413 | -€33,409 | -€38,268 | -€17,758 | ▲ 53.6% |
| Operating profit (loss)9901 | -€11,925 | €19,036 | €34,215 | €3,248 | €2,044 | -€36,574 | -€41,141 | -€20,264 | ▲ 50.7% |
| Financial income75/76B | - | - | - | €0 | €12 | - | - | - | - |
| Recurring financial income75 | €2,671 | - | - | €0 | €12 | - | - | - | - |
| Financial charges65/66B | - | - | - | €176 | €256 | €316 | €89 | €165 | ▲ 86.7% |
| Recurring financial charges65 | €3,890 | €5,318 | €150 | €176 | €256 | €316 | €89 | €165 | ▲ 86.7% |
| Profit (loss) for the period before taxes9903 | -€13,145 | €13,718 | €34,064 | €3,072 | €1,800 | -€36,889 | -€41,230 | -€20,430 | ▲ 50.4% |
| Income taxes67/77 | €612 | €3,500 | €11,083 | €2,143 | €2,097 | €778 | €487 | €649 | ▲ 33.1% |
| Profit (loss) for the period9904 | -€13,757 | €10,218 | €22,982 | €930 | -€298 | -€37,667 | -€41,717 | -€21,078 | ▲ 49.5% |
| Profit (loss) for the period to be appropriated9905 | -€13,757 | €10,218 | €22,982 | €930 | -€298 | -€37,667 | -€41,717 | -€21,078 | ▲ 49.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €447,602 | €239,626 | €289,421 | €204,317 | €155,526 | €75,640 | €33,359 | €16,477 | ▼ 50.6% |
| Fixed assets21/28 | €331,402 | €22,268 | €11,815 | €10,615 | €8,641 | €7,933 | €6,642 | €5,534 | ▼ 16.7% |
| Tangible fixed assets22/27 | €331,402 | €22,268 | €11,815 | €10,615 | €8,641 | €7,933 | €6,642 | €5,534 | ▼ 16.7% |
| Furniture and vehicles24 | - | - | - | €10,615 | €8,641 | €7,933 | €6,642 | €5,534 | ▼ 16.7% |
| Current assets29/58 | €116,199 | €217,358 | €277,607 | €193,701 | €146,885 | €67,707 | €26,717 | €10,943 | ▼ 59.0% |
| Amounts receivable within one year40/41 | €31,949 | €58,823 | €87,024 | €16,207 | €5,723 | €6,994 | €9,109 | €9,598 | ▲ 5.4% |
| Trade receivables40 | - | - | - | €13,226 | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | €2,981 | €5,723 | €6,994 | €9,109 | €9,598 | ▲ 5.4% |
| Cash at bank and in hand54/58 | €82,843 | €127,185 | €189,197 | €176,342 | €138,322 | €59,852 | €16,624 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €1,152 | €2,840 | €861 | €984 | €1,345 | ▲ 36.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €447,602 | €239,626 | €289,421 | €204,317 | €155,526 | €75,640 | €33,359 | €16,477 | ▼ 50.6% |
| Equity10/15 | €150,340 | €157,359 | €177,140 | €148,070 | €107,772 | €70,105 | €28,388 | €7,310 | ▼ 74.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €131,740 | €138,759 | €158,540 | €129,470 | €89,172 | €51,505 | €9,788 | €1,860 | ▼ 81.0% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €127,610 | €87,312 | €49,645 | €7,928 | - | - |
| Profit (loss) carried forward14 | - | - | - | - | - | - | - | -€13,150 | - |
| Amounts payable17/49 | €297,261 | €82,267 | €112,281 | €56,247 | €47,754 | €5,534 | €4,971 | €9,167 | ▲ 84.4% |
| Amounts payable after more than one year17 | €191,621 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €103,640 | €80,267 | €110,281 | €54,247 | €45,754 | €3,534 | €2,971 | €5,767 | ▲ 94.1% |
| Financial debts43 | - | - | - | - | - | - | - | €160 | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €160 | - |
| Trade debts44 | €42,125 | €6,210 | €66,109 | €5,858 | €762 | €257 | €261 | €693 | ▲ 165% |
| Suppliers440/4 | - | - | - | €5,858 | €762 | €257 | €261 | €693 | ▲ 165% |
| Taxes, remuneration and social security45 | - | - | - | €7,130 | €8,100 | €770 | €640 | €1,972 | ▲ 208% |
| Taxes450/3 | - | - | - | €7,130 | €8,100 | €770 | €640 | €1,972 | ▲ 208% |
| Other amounts payable47/48 | - | - | - | €41,259 | €36,891 | €2,507 | €2,069 | €2,943 | ▲ 42.2% |
| Accrued charges and deferred income492/3 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | €3,400 | ▲ 70.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,757 | €10,218 | €22,982 | €930 | -€298 | -€37,667 | -€41,717 | -€21,078 | ▲ 49.5% |
| + Depreciation and write-downs630 | €3,298 | €12,766 | €12,604 | €4,362 | €1,975 | €1,880 | €1,291 | €1,108 | ▼ 14.2% |
| Operating cash flow (approximation) | -€10,459 | €22,985 | €35,586 | €5,291 | €1,677 | -€35,787 | -€40,426 | -€19,971 | ▲ 50.6% |
| Investment in fixed assets (approximation) | - | €296,369 | -€2,151 | -€3,163 | €0 | -€1,173 | €0 | €0 | - |
| Change in cash | - | €44,342 | €62,012 | -€12,855 | -€38,019 | -€78,471 | -€43,228 | - | - |
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, 4,805 companies had the same profile as Plinius has now. Two years later, 88.1% were still going and 2.0% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Plinius itself: 0.4% 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 4,805 companies, not a prediction for Plinius. 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 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 07-07-2026 | 2026-00267100 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00481556 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00438525 | |
| 31-12-2022 | micro format | 25-09-2023 | 2023-00456483 | |
| 31-12-2021 | micro format | 24-06-2022 | 2022-20109839 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-65900059 | |
| 31-12-2019 | micro format | 10-11-2020 | 2020-69700376 | |
| 31-12-2018 | micro format | 30-09-2019 | 2019-68000557 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-54500213 | |
| 31-12-2016 | micro format | 26-09-2017 | 2017-62800368 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
Plinius shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of Plinius. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23050G0013/00W000 | Flanders | 1,666 m² | 1 · 237 m² | 8.5 m · 2 |