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Plopsa

Active
Private limited companyfounded 1968active for 58 yearsCoo 0, 4970 Stavelot, BelgiumKBO/BCE: BE 0405.853.542
Summary

Plopsa has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.5m and a net result of -€633,055. Equity is shrinking by about 3.2% per year across the filed financial years. Its solvency ranks better than 70% of 1,101 sector peers (NACE 93, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Financials · financial year 2025, abbreviated format

Turnover
€4.4m▲ 53.3%
2020 · €2.9m
EBIT margin
38.9%▲ 39.6pp
2020 · -0.7%
Net result
-€633,055▼ 6,401%
2024 · -€9,737
Working capital
-€91,099
2024 · €11,791
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result turns negative in 2025: a loss of €601,062 after €11,615 in 2024, the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€4.4m 2021 Operating result-€0.6m 2025 Net result-€0.6m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 93, Sports, amusement and recreation activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€6.1m-€5.5m▼ 8.5%€2.9m▼ 48.4%€4.4m▲ 53.3%
Operating result€1.7m-€1.4m▼ 16.0%-€0.02m€1.7m€3.5m▲ 105%€0.5m▼ 86.3%€0.01m▼ 97.6%-€0.6m
Net result€1.2m-€1.1m▼ 8.7%€0.07mabove the sector's middle half▼ 93.0%€1.4mabove the sector's middle half▲ 1,782%€2.7mabove the sector's middle half▲ 91.0%€0.6mabove the sector's middle half▼ 77.1%-€0.01mwithin the sector's middle half-€0.6mbelow the sector's middle half▼ 6,401%
EBIT margin28.3%-26.0%▼ 2.3pp-0.7%▼ 26.7pp38.9%▲ 39.6pp
Equity€8.1m-€9.2m▲ 13.0%€9.3mabove the sector's middle half▲ 0.9%€10.7mabove the sector's middle half▲ 15.2%€13.4mabove the sector's middle half▲ 25.1%€7.0mabove the sector's middle half▼ 47.8%€7.0mabove the sector's middle half▼ 0.1%€6.5mabove the sector's middle half▼ 6.4%
Total assets€10.2m-€11.7m▲ 14.2%€12.3mabove the sector's middle half▲ 5.0%€15.0mabove the sector's middle half▲ 22.6%€16.6mabove the sector's middle half▲ 10.7%€9.8mabove the sector's middle half▼ 41.3%€10.2mabove the sector's middle half▲ 4.0%€12.2mabove the sector's middle half▲ 20.4%
Debt€1.8m-€2.2m▲ 23.8%€2.4m▲ 7.9%€3.9m▲ 66.3%€2.9m▼ 27.4%€2.4m▼ 14.7%€3.1m▲ 27.2%€5.6m▲ 82.5%
Working capital€4.0m-€5.8m▲ 43.0%-€0.2mbelow the sector's middle half€2.0mabove the sector's middle half€0.1mwithin the sector's middle half▼ 94.1%-€0.6mbelow the sector's middle half€0.01mwithin the sector's middle half-€0.09mwithin the sector's middle half
Solvency79.6%-78.8%▼ 0.8pp75.7%above the sector's middle half▼ 3.1pp71.1%above the sector's middle half▼ 4.6pp80.4%above the sector's middle half▲ 9.3pp71.4%above the sector's middle half▼ 8.9pp68.6%above the sector's middle half▼ 2.8pp53.3%within the sector's middle half▼ 15.3pp
Current ratio3.90-4.55▲ 0.650.81within the sector's middle half▼ 3.742.09within the sector's middle half▲ 1.281.05within the sector's middle half▼ 1.040.71within the sector's middle half▼ 0.341.01within the sector's middle half▲ 0.300.92within the sector's middle half▼ 0.09
Return on assets (ROA)11.4%-9.1%▼ 2.3pp0.6%within the sector's middle half▼ 8.5pp9.4%within the sector's middle half▲ 8.8pp16.1%above the sector's middle half▲ 6.8pp6.3%within the sector's middle half▼ 9.9pp-0.1%within the sector's middle half▼ 6.4pp-5.2%below the sector's middle half▼ 5.1pp
Staff (FTE)32.2-29.9▼ 7.1%28.7above the sector's middle half▼ 4.0%27.8above the sector's middle half▼ 3.1%27.5above the sector's middle half▼ 1.1%27.8above the sector's middle half▲ 1.1%33.3above the sector's middle half▲ 19.8%36.1above the sector's middle half▲ 8.4%
above within below the middle half of NACE 93, Sports, amusement and recreation activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
  • 2025 Net result -6,401% on 2024. The accounts now follow the abbreviated format, last year the full format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.2m
Fixed assets €11.2m ▲ 28.5%
Current assets €1.0m ▼ 29.2%
Equity and liabilities €12.2m
Equity €6.5m ▼ 6.4%
Provisions €65,662 ▼ 33.1%
Debt €5.6m ▲ 82.5%
Debt's share of the balance-sheet total rises from 30.4% to 46.1%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€782,942▼
2024 · €986,930
Cash flow
€750,949▼
2024 · €965,578
Quick ratio
0.76▼
2024 · 0.90
Debt to equity
0.87▲
2024 · 0.44
ROE
-9.7%▼
2024 · -0.1%
Interest coverage
5.75▼
2024 · 17.51
Debt ≤ 1 year
€1.1m▼
2024 · €1.4m
Debt > 1 year
€4.2m▲
2024 · €1.3m
Income taxes
-€4,518▼
2024 · €44,143
Staff costs
€1.8m▲
2024 · €1.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,617 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94.2% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94.2% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 8,617 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 63 lines
Balance sheet Code20242025
Assets
Total assets20/58€10.2m€12.2m▲
Fixed assets21/28€8.7m€11.2m▲
Intangible fixed assets21€0.005m€0.004m▼
Tangible fixed assets22/27€8.7m€11.2m▲
Land and buildings22€3.0m€3.1m▲
Plant, machinery and equipment23€3.9m€7.4m▲
Furniture and vehicles24€0.3m€0.2m▼
Assets under construction and advance payments27€1.5m€0.5m▼
Current assets29/58€1.4m€1.0m▼
Stocks and contracts in progress3€0.2m€0.2m▲
Stocks30/36€0.2m€0.2m▲
Amounts receivable within one year40/41€1.1m€0.7m▼
Trade receivables40€0.4m€0.3m▼
Other amounts receivable41€0.7m€0.4m▼
Cash at bank and in hand54/58€0.2m€0.1m▼
Deferred charges and accrued income490/1€0.02m€0.06m▲
Equity and liabilities
Total equity and liabilities10/49€10.2m€12.2m▲
Equity10/15€7.0m€6.5m▼
Contributions10/11€5.0m€5.0m=
Reserves13€2.0m€1.9m▼
Non-distributable reserves130/1€0.5m€0.5m=
Reserves not available under the articles1311€0.5m€0.5m=
Tax-exempt reserves132€0.5m€0.2m▼
Distributable reserves133€1.0m€1.2m▲
Profit (loss) carried forward14--€0.5m
Investment grants15-€0.2m
Provisions and deferred taxes16€0.1m€0.07m▼
Deferred taxes168€0.1m€0.07m▼
Amounts payable17/49€3.1m€5.6m▲
Amounts payable after more than one year17€1.3m€4.2m▲
Other amounts payable178/9€1.3m€4.2m▲
Amounts payable within one year42/48€1.4m€1.1m▼
Trade debts44€1.2m€0.9m▼
Suppliers440/4€1.2m€0.9m▼
Taxes, remuneration and social security45€0.2m€0.2m▲
Taxes450/3€0.006m€0.005m▼
Remuneration and social security454/9€0.2m€0.2m▲
Other amounts payable47/48€0.008m€0.009m▲
Accrued charges and deferred income492/3€0.3m€0.4m▲
Income statement Code20242025
Remuneration, social security and pensions62€1.6m€1.8m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.0m€1.4m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€0.01m
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0.2m-
Other operating charges640/8€0.09m€0.2m▲
Non-recurring operating charges66A€0.08m€0.1m▲
Gross operating margin9900€2.5m€2.8m▲
Operating profit (loss)9901€0.01m-€0.6m▼
Financial income75/76B€0.05m€0.07m▲
Recurring financial income75€0.04m€0.07m▲
Non-recurring financial income76B€0.002m-
Financial charges65/66B€0.06m€0.1m▲
Recurring financial charges65€0.06m€0.1m▲
Profit (loss) for the period before taxes9903€0.002m-€0.7m▼
Transfer from deferred taxes780€0.03m€0.03m=
Income taxes67/77€0.04m-€0.005m▼
Profit (loss) for the period9904-€0.01m-€0.6m▼
Transfer from tax-exempt reserves789€0.1m€0.3m▲
Profit (loss) for the period to be appropriated9905€0.09m-€0.4m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.09m-€0.4m▼
Transfer to equity691/2€0.09m€0.2m▲
To the legal reserve6920€0.004m-
To other reserves6921€0.08m€0.2m▲
Social balance sheet
Average headcount (FTE)908733.336.1▲

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Operating income70/76A€7.0m€6.4m€3.5m€5.9m-----
Turnover70€6.1m€5.5m€2.9m€4.4m-----
Other operating income74€0.9m€0.9m€0.6m€1.6m-----
Non-recurring operating income76A----€1.1m----
Operating charges60/66A€5.3m€5.0m€3.5m€4.2m-----
Goods for resale, raw materials and consumables60€0.5m€0.5m€0.2m€0.3m-----
Purchases600/8€0.5m€0.5m€0.2m€0.2m-----
Change in stocks: decrease (increase)609-€0.01m-€0.03m€0.02m€0.08m-----
Services and other goods61€2.5m€2.3m€1.3m€2.4m-----
Remuneration, social security and pensions62€1.2m€1.1m€0.7m€0.9m€1.1m€1.2m€1.6m€1.8m▲ 9.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.0m€0.9m€0.8m€0.6m€0.6m€0.7m€1.0m€1.4m▲ 41.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€0.02m-€0.009m-€0.01m--€0.01m-
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0.06m-€0.03m€0.3m-€0.2m-€0.1m-€0.02m-€0.2m--
Other operating charges640/8€0.2m€0.1m€0.1m€0.1m€0.2m€0.2m€0.09m€0.2m▲ 84.4%
Non-recurring operating charges66A€0.008m€0.009m€0.009m---€0.08m€0.1m▲ 20.5%
Gross operating margin9900----€5.1m€2.6m€2.5m€2.8m▲ 10.4%
Operating profit (loss)9901€1.7m€1.4m-€0.02m€1.7m€3.5m€0.5m€0.01m-€0.6m-
Financial income75/76B€0.08m€0.03m€0.1m€0.1m€0.2m€0.2m€0.05m€0.07m▲ 43.9%
Recurring financial income75€0.01m€0.03m€0.1m€0.1m€0.2m€0.2m€0.04m€0.07m▲ 49.7%
Income from current assets751€0.008m€0.008m€0.1m€0.1m-----
Other financial income752/9€0.006m€0.02m€0.003m€0.008m-----
Non-recurring financial income76B€0.07m-----€0.002m--
Financial charges65/66B€0.009m€0.02m€0.009m€0.02m€0.008m€0.004m€0.06m€0.1m▲ 142%
Recurring financial charges65€0.009m€0.02m€0.009m€0.02m€0.008m€0.004m€0.06m€0.1m▲ 142%
Debt charges650€0.005m€253€0.006m€0.01m-----
Other financial charges652/9€0.004m€0.02m€0.004m€0.005m-----
Non-recurring financial charges66B€112--€0.001m-----
Profit (loss) for the period before taxes9903€1.8m€1.5m€0.09m€1.8m€3.7m€0.7m€0.002m-€0.7m-
Transfer from deferred taxes780--€0.001m€0.002m€0.02m€0.03m€0.03m€0.03m=
Transfer to deferred taxes680€0.02m---€0.2m----
Income taxes67/77€0.6m€0.4m€0.01m€0.4m€0.9m€0.1m€0.04m-€0.005m-
Taxes670/3€0.6m€0.4m€0.01m€0.4m-----
Tax adjustments and reversals of tax provisions77-€0.02m-------
Profit (loss) for the period9904€1.2m€1.1m€0.07m€1.4m€2.7m€0.6m-€0.01m-€0.6m▼ 6,401%
Transfer from tax-exempt reserves789--€0.002m€0.005m€0.07m€0.1m€0.1m€0.3m▲ 189%
Transfer to tax-exempt reserves689€0.04m--€0.2m€0.5m----
Profit (loss) for the period to be appropriated9905€1.1m€1.1m€0.08m€1.2m€2.2m€0.7m€0.09m-€0.4m-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€10.2m€11.7m€12.3m€15.0m€16.6m€9.8m€10.2m€12.2m▲ 20.4%
Fixed assets21/28€4.8m€4.3m€11.3m€11.2m€14.2m€8.4m€8.7m€11.2m▲ 28.5%
Intangible fixed assets21€0.01m€0.02m€0.02m€0.01m€0.005m€0.008m€0.005m€0.004m▼ 27.7%
Tangible fixed assets22/27€4.8m€3.7m€3.7m€3.2m€5.1m€6.8m€8.7m€11.2m▲ 28.6%
Land and buildings22€1.9m€1.7m€1.4m€1.3m€1.3m€1.3m€3.0m€3.1m▲ 3.1%
Plant, machinery and equipment23€2.1m€1.7m€2.2m€1.8m€2.0m€2.9m€3.9m€7.4m▲ 87.4%
Furniture and vehicles24€0.01m€0.005m€0.03m€0.02m€0.02m€0.04m€0.3m€0.2m▼ 18.3%
Assets under construction and advance payments27€0.7m€0.2m€0.02m€0.2m€1.8m€2.5m€1.5m€0.5m▼ 65.7%
Financial fixed assets28€0.004m€0.6m€7.6m€8.0m€9.0m€1.6m---
Affiliated companies280/1€0.001m€0.6m€7.6m€8.0m-----
Participating interests280€0.001m€0.001m€0.001m------
Amounts receivable281-€0.6m€7.6m€8.0m-----
Other financial fixed assets284/8€0.003m--------
Amounts receivable and cash guarantees285/8€0.003m--------
Current assets29/58€5.4m€7.4m€1.0m€3.8m€2.4m€1.4m€1.4m€1.0m▼ 29.2%
Stocks and contracts in progress3€0.1m€0.2m€0.1m€0.06m€0.07m€0.1m€0.2m€0.2m▲ 13.3%
Stocks30/36€0.1m€0.2m€0.1m€0.06m€0.07m€0.1m€0.2m€0.2m▲ 13.3%
Raw materials and consumables30/31€0.03m€0.04m€0.04m€0.05m-----
Goods purchased for resale34€0.1m€0.1m€0.1m€0.02m-----
Amounts receivable within one year40/41€1.1m€5.9m€0.7m€2.8m€1.9m€1.1m€1.1m€0.7m▼ 40.4%
Trade receivables40€0.4m€5.5m€0.6m€0.8m€1.5m€0.9m€0.4m€0.3m▼ 32.4%
Other amounts receivable41€0.7m€0.4m€0.1m€2.0m€0.4m€0.2m€0.7m€0.4m▼ 44.6%
Cash at bank and in hand54/58€4.2m€1.3m€0.1m€0.5m€0.4m€0.08m€0.2m€0.1m▼ 20.4%
Deferred charges and accrued income490/1€0.01m€0.008m€0.006m€0.4m€0.04m€0.04m€0.02m€0.06m▲ 190%
Equity and liabilities
Total equity and liabilities10/49€10.2m€11.7m€12.3m€15.0m€16.6m€9.8m€10.2m€12.2m▲ 20.4%
Equity10/15€8.1m€9.2m€9.3m€10.7m€13.4m€7.0m€7.0m€6.5m▼ 6.4%
Contributions10/11€5.0m€5.0m€5.0m€5.0m€5.0m€5.0m€5.0m€5.0m=
Capital10€5.0m€5.0m€5.0m€5.0m€5.0m----
Issued capital100€5.0m€5.0m€5.0m€5.0m€5.0m----
Reserves13€3.1m€4.2m€4.3m€5.7m€8.4m€2.0m€2.0m€1.9m▼ 5.0%
Non-distributable reserves130/1--€0.3m€0.3m€0.4m€0.4m€0.5m€0.5m=
Legal reserve130€0.2m€0.3m€0.3m€0.3m€0.4m----
Reserves not available under the articles1311-----€0.4m€0.5m€0.5m=
Tax-exempt reserves132€0.07m€0.07m€0.08m€0.3m€0.7m€0.6m€0.5m€0.2m▼ 55.4%
Distributable reserves133€2.8m€3.8m€3.9m€5.1m€7.2m€0.9m€1.0m€1.2m▲ 18.3%
Profit (loss) carried forward14--------€0.5m-
Investment grants15-------€0.2m-
Provisions and deferred taxes16€0.3m€0.3m€0.6m€0.4m€0.4m€0.4m€0.1m€0.07m▼ 33.1%
Provisions for liabilities and charges160/5€0.3m€0.3m€0.6m€0.4m€0.3m€0.2m---
Major repairs and maintenance162€0.3m€0.3m€0.2m€0.2m€0.1m€0.1m---
Environmental obligations163--€0.2m€0.1m€0.1m€0.1m---
Other liabilities and charges164/5--€0.2m€0.08m-----
Deferred taxes168€0.02m€0.02m€0.02m€0.01m€0.2m€0.1m€0.1m€0.07m▼ 33.1%
Amounts payable17/49€1.8m€2.2m€2.4m€3.9m€2.9m€2.4m€3.1m€5.6m▲ 82.5%
Amounts payable after more than one year17--€0.4m---€1.3m€4.2m▲ 215%
Other amounts payable178/9--€0.4m---€1.3m€4.2m▲ 215%
Amounts payable within one year42/48€1.4m€1.6m€1.2m€1.8m€2.3m€2.0m€1.4m€1.1m▼ 22.2%
Trade debts44€1.1m€0.9m€1.0m€1.3m€1.4m€1.3m€1.2m€0.9m▼ 28.7%
Suppliers440/4€1.1m€0.9m€1.0m€1.3m€1.4m€1.3m€1.2m€0.9m▼ 28.7%
Taxes, remuneration and social security45€0.3m€0.7m€0.1m€0.4m€0.9m€0.6m€0.2m€0.2m▲ 12.2%
Taxes450/3€0.1m€0.5m€0.002m€0.2m€0.7m€0.4m€0.006m€0.005m▼ 20.5%
Remuneration and social security454/9€0.2m€0.2m€0.1m€0.2m€0.2m€0.2m€0.2m€0.2m▲ 13.2%
Other amounts payable47/48€0.04m€0.05m€0.1m€0.06m€0.01m€0.008m€0.008m€0.009m▲ 2.4%
Accrued charges and deferred income492/3€0.4m€0.6m€0.8m€2.1m€0.5m€0.5m€0.3m€0.4m▲ 5.5%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€1.2m€1.1m€0.07m€1.4m€2.7m€0.6m-€0.01m-€0.6m▼ 6,401%
+ Depreciation and write-downs630€1.0m€0.9m€0.8m€0.6m€0.6m€0.7m€1.0m€1.4m▲ 41.9%
Operating cash flow (approximation)€2.1m€2.0m€0.9m€2.0m€3.2m€1.3m€1.0m€0.8m▼ 22.2%
Investment in fixed assets (approximation)--€0.4m-€7.9m-€0.6m-€3.5m€5.2m-€1.3m-€3.9m▼ 191%
Change in cash--€2.8m-€1.2m€0.3m-€0.06m-€0.3m€0.07m-€0.03m-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 49 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 abbreviated format 25-06-2026 2026-00206823
31-12-2024 full format 25-06-2025 2025-00202474
31-12-2023 full format 20-06-2024 2024-00179315
31-12-2022 full format 13-07-2023 2023-00250755
31-12-2021 full format 20-06-2022 2022-20091316
31-12-2020 full format 23-06-2021 2021-24100597
31-12-2019 full format 17-06-2020 2020-19700339
31-12-2018 full format 25-06-2019 2019-23500461
31-12-2017 full format 20-06-2018 2018-21200392
31-10-2016 full format 20-06-2017 2017-20100456

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Of the 296 active companies whose main activity is sports, amusement and recreation activities (NACE 93293), figures are known for 191. 68 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.