PLINTO
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 03-07-2026 at the NBB all 31 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €140,000
Estimated: probably between €89,000 and €260,000
EBIT margin
Not included in this filing
Net result
-€20,476
2024 · €5,566
Working capital
€81,387▼ 19.4%
2024 · €100,990
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€20,117
2025
20182025
Net result
-€20,476
2025
lowest quarter of the sector
20182025
Equity
€82,659
▼ 19.9%
2025
lowest quarter of the sector
20182025
Total assets
€107,386
▼ 12.3%
2025
lowest quarter of the sector
20182025
Debt
€24,726
▲ 28.0%
2025
20182025
Working capital
€81,387
▼ 19.4%
2025
middle half of the sector
20182025
Solvency
77.0%
▼ 7.3pp
2025
highest quarter of the sector
20182025
Current ratio
4.60
▼ 2.59
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-19.1%
▼ 23.6pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
0.8
=
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€60,833--€1,477-€18,509▼ 1,153%-€35,655▼ 92.6%€32,905-€2,143€1,712-€20,117
Net result€39,221--€2,584-€19,606below the sector's middle half▼ 659%-€36,368below the sector's middle half▼ 85.5%€32,353within the sector's middle half-€2,635below the sector's middle half€5,566within the sector's middle half-€20,476below the sector's middle half
Equity€126,408-€123,823▼ 2.0%€104,218within the sector's middle half▼ 15.8%€67,850below the sector's middle half▼ 34.9%€100,203within the sector's middle half▲ 47.7%€97,569within the sector's middle half▼ 2.6%€103,135within the sector's middle half▲ 5.7%€82,659below the sector's middle half▼ 19.9%
Total assets€182,052-€230,573▲ 26.7%€136,910below the sector's middle half▼ 40.6%€99,905below the sector's middle half▼ 27.0%€132,916below the sector's middle half▲ 33.0%€131,917below the sector's middle half▼ 0.8%€122,448below the sector's middle half▼ 7.2%€107,386below the sector's middle half▼ 12.3%
Debt€55,644-€106,750▲ 91.8%€32,692▼ 69.4%€32,055▼ 1.9%€32,712▲ 2.1%€34,348▲ 5.0%€19,313▼ 43.8%€24,726▲ 28.0%
Working capital€121,513-€119,560▼ 1.6%€101,399within the sector's middle half▼ 15.2%€69,665within the sector's middle half▼ 31.3%€94,657within the sector's middle half▲ 35.9%€94,374within the sector's middle half▼ 0.3%€100,990within the sector's middle half▲ 7.0%€81,387within the sector's middle half▼ 19.4%
Solvency69.4%-53.7%▼ 15.7pp76.1%above the sector's middle half▲ 22.4pp67.9%above the sector's middle half▼ 8.2pp75.4%above the sector's middle half▲ 7.5pp74.0%above the sector's middle half▼ 1.4pp84.2%above the sector's middle half▲ 10.3pp77.0%above the sector's middle half▼ 7.3pp
Current ratio3.66-2.18▼ 1.484.29above the sector's middle half▲ 2.113.31above the sector's middle half▼ 0.984.19above the sector's middle half▲ 0.884.08above the sector's middle half▼ 0.107.19above the sector's middle half▲ 3.114.60above the sector's middle half▼ 2.59
Return on assets (ROA)21.5%--1.1%▼ 22.7pp-14.3%below the sector's middle half▼ 13.2pp-36.4%below the sector's middle half▼ 22.1pp24.3%above the sector's middle half▲ 60.7pp-2.0%below the sector's middle half▼ 26.3pp4.5%within the sector's middle half▲ 6.5pp-19.1%below the sector's middle half▼ 23.6pp
Staff (FTE)2-2=2below the sector's middle half=2below the sector's middle half=1.9below the sector's middle half▼ 5.0%1.3within the sector's middle half▼ 31.6%0.8below the sector's middle half▼ 38.5%0.8below the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €20,117, after a profit of €1,712 in 2024. It is the lowest result since 2021.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107,386
Fixed assets
€3,376 ▼ 34.4%
Current assets
€104,010 ▼ 11.3%
Equity and liabilities €107,386
Equity
€82,659 ▼ 19.9%
Debt
€24,726 ▲ 28.0%
Debt's share of the balance-sheet total rises from 15.8% to 23.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€18,347▼
2024 · €3,481
Cash flow
-€18,706▼
2024 · €7,336
Quick ratio
3.71▼
2024 · 5.89
Debt to equity
0.30▲
2024 · 0.19
ROE
-24.8%▼
2024 · 5.4%
Interest coverage
-44.78▼
2024 · 5.71
Debt ≤ 1 year
€22,623▲
2024 · €16,313
Staff costs
€47,320▼
2024 · €49,271
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 1 | 1 | 1 |
| full-time | 2 | 1 | 0 | 0 | 0 |
| part-time | - | 1 | 1 | 1 | 1 |
| in full-time equivalents | 2 | 1.8 | 0 | 0.8 | 0.8 |
| Average over the year, in full-time equivalents | 2 | 1.9 | 1.3 | 0.8 | 0.8 |
| On a permanent contract | 2 | 2 | 1 | 1 | 1 |
| Joined | - | - | 1 | - | - |
| Left | - | - | 1 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €9,543 | - | - | - |
| Financial fixed assets | - | €40 | €138 | - | €0 |
| Depreciation and write-downs of the year | €4,634 | €379 | €1,770 | €1,770 | €1,770 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €92,707 | €95,365 | €67,858 | €49,271 | €47,320 | ▼ 4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,399 | €5,199 | €4,931 | €4,634 | €379 | €1,770 | €1,770 | €1,770 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €1,275 | - |
| Other operating charges640/8 | - | - | - | €809 | €876 | €952 | €1,204 | €898 | ▼ 25.4% |
| Non-recurring operating charges66A | - | - | - | - | €0 | - | - | - | - |
| Gross operating margin9900 | €163,832 | €104,233 | €84,718 | €62,495 | €129,525 | €68,437 | €53,956 | €31,145 | ▼ 42.3% |
| Operating profit (loss)9901 | €60,833 | -€1,477 | -€18,509 | -€35,655 | €32,905 | -€2,143 | €1,712 | -€20,117 | - |
| Financial income75/76B | - | - | - | €39 | €63 | €59 | €4,465 | €51 | ▼ 98.9% |
| Recurring financial income75 | €12 | €303 | €12 | €39 | €63 | €59 | €4,465 | €51 | ▼ 98.9% |
| Financial charges65/66B | - | - | - | €751 | €615 | €551 | €610 | €410 | ▼ 32.8% |
| Recurring financial charges65 | €3,451 | €1,410 | €1,109 | €751 | €615 | €551 | €610 | €410 | ▼ 32.8% |
| Profit (loss) for the period before taxes9903 | €57,394 | -€2,584 | -€19,606 | -€36,368 | €32,353 | -€2,635 | €5,566 | -€20,476 | - |
| Income taxes67/77 | €18,173 | - | €0 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €39,221 | -€2,584 | -€19,606 | -€36,368 | €32,353 | -€2,635 | €5,566 | -€20,476 | - |
| Profit (loss) for the period to be appropriated9905 | €39,221 | -€2,584 | -€19,606 | -€36,368 | €32,353 | -€2,635 | €5,566 | -€20,476 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €182,052 | €230,573 | €136,910 | €99,905 | €132,916 | €131,917 | €122,448 | €107,386 | ▼ 12.3% |
| Formation expenses20 | - | - | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €14,801 | €9,602 | €4,671 | €37 | €8,546 | €6,915 | €5,145 | €3,376 | ▼ 34.4% |
| Intangible fixed assets21 | - | - | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €14,764 | €9,565 | €4,634 | - | €8,469 | €6,700 | €4,930 | €3,160 | ▼ 35.9% |
| Plant, machinery and equipment23 | - | - | - | - | €8,469 | €6,700 | €4,930 | €3,160 | ▼ 35.9% |
| Financial fixed assets28 | €37 | €37 | €37 | €37 | €77 | €215 | €215 | €215 | = |
| Current assets29/58 | €167,251 | €220,971 | €132,239 | €99,868 | €124,370 | €125,002 | €117,303 | €104,010 | ▼ 11.3% |
| Stocks and contracts in progress3 | €11,635 | €14,680 | €16,159 | €18,904 | €21,549 | €21,176 | €21,274 | €20,024 | ▼ 5.9% |
| Stocks30/36 | - | - | - | €18,904 | €21,549 | €21,176 | €21,274 | €20,024 | ▼ 5.9% |
| Amounts receivable within one year40/41 | €70,345 | €168,569 | €53,810 | €26,606 | €29,730 | €53,068 | €45,693 | €35,964 | ▼ 21.3% |
| Trade receivables40 | - | - | - | €25,285 | €28,377 | €51,288 | €43,815 | €34,485 | ▼ 21.3% |
| Other amounts receivable41 | - | - | - | €1,321 | €1,354 | €1,779 | €1,878 | €1,479 | ▼ 21.2% |
| Current investments50/53 | - | - | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €85,271 | €37,722 | €62,270 | €54,358 | €73,091 | €50,759 | €50,336 | €46,731 | ▼ 7.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €1,290 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €182,052 | €230,573 | €136,910 | €99,905 | €132,916 | €131,917 | €122,448 | €107,386 | ▼ 12.3% |
| Equity10/15 | €126,408 | €123,823 | €104,218 | €67,850 | €100,203 | €97,569 | €103,135 | €82,659 | ▼ 19.9% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | - | - | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | - | - | - | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €64,434 | €61,850 | €42,244 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Non-distributable reserves130/1 | - | - | - | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Legal reserve130 | - | - | - | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Profit (loss) carried forward14 | - | - | €0 | -€320 | €32,033 | €29,398 | €34,964 | €14,489 | ▼ 58.6% |
| Amounts payable17/49 | €55,644 | €106,750 | €32,692 | €32,055 | €32,712 | €34,348 | €19,313 | €24,726 | ▲ 28.0% |
| Amounts payable after more than one year17 | €9,906 | €5,338 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €45,738 | €101,411 | €30,840 | €30,203 | €29,712 | €30,628 | €16,313 | €22,623 | ▲ 38.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €695 | €0 | - | - | - | - |
| Trade debts44 | €16,245 | €50,757 | €19,081 | €21,165 | €21,889 | €25,997 | €15,253 | €19,350 | ▲ 26.9% |
| Suppliers440/4 | - | - | - | €21,165 | €21,889 | €25,997 | €15,253 | €19,350 | ▲ 26.9% |
| Taxes, remuneration and social security45 | - | - | - | €4,743 | €4,224 | €1,031 | €1,060 | €3,274 | ▲ 209% |
| Taxes450/3 | - | - | - | €2,445 | €3,040 | €1,031 | €0 | €1,300 | - |
| Remuneration and social security454/9 | - | - | - | €2,298 | €1,184 | €0 | €1,060 | €1,973 | ▲ 86.2% |
| Other amounts payable47/48 | - | - | - | €3,600 | €3,600 | €3,600 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,852 | €3,000 | €3,721 | €3,000 | €2,103 | ▼ 29.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,221 | -€2,584 | -€19,606 | -€36,368 | €32,353 | -€2,635 | €5,566 | -€20,476 | - |
| + Depreciation and write-downs630 | €5,399 | €5,199 | €4,931 | €4,634 | €379 | €1,770 | €1,770 | €1,770 | = |
| Operating cash flow (approximation) | €44,620 | €2,614 | -€14,675 | -€31,734 | €32,732 | -€865 | €7,336 | -€18,706 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€8,888 | -€138 | €0 | €0 | - |
| Change in cash | - | -€47,549 | €24,548 | -€7,912 | €18,733 | -€22,332 | -€422 | -€3,605 | ▼ 754% |
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, 5,831 companies had the same profile as PLINTO has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
84.6%
was still going
13.4%
stopped otherwise
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PLINTO itself is lower: 0.3% within 12 months. It rests on far more data about PLINTO than the profile alone.
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 5,831 companies, not a prediction for PLINTO. 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 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 03-07-2026 | 2026-00258486 | |
| 31-12-2024 | abbreviated format | 11-07-2025 | 2025-00266219 | |
| 31-12-2023 | abbreviated format | 16-07-2024 | 2024-00259705 | |
| 31-12-2022 | abbreviated format | 19-07-2023 | 2023-00258217 | |
| 31-12-2021 | abbreviated format | 20-07-2022 | 2022-20214282 | |
| 31-12-2020 | abbreviated format | 13-07-2021 | 2021-35000252 | |
| 31-12-2019 | micro format | 06-07-2020 | 2020-26800464 | |
| 31-12-2018 | micro format | 27-05-2019 | 2019-14800356 | |
| 31-12-2017 | micro format | 12-06-2018 | 2018-19600382 | |
| 31-12-2016 | micro format | 10-07-2017 | 2017-29500004 |