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Plopsa Station Antwerp

Active
Public limited companyfounded 2014active for 11 yearsDe Pannelaan 68, 8660 De Panne, BelgiumKBO/BCE: BE 0505.747.508

The file of Plopsa Station Antwerp contains 2 judicial reorganisation notices, as published in the Belgian Official Gazette.

Summary

The annual accounts of Plopsa Station Antwerp for financial year 2025 show a net loss of 224% of total assets and of 93% of the equity at the start of that year. The computed 12-month bankruptcy probability is 9.0% (elevated). The 2025 annual accounts show equity of €285,406 and a net result of -€4.1m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 925 sector peers (NACE 56, financial year 2025).

Overview

Activity
Full-service restaurants
NACE 56111Sports, amusement and recreation activities NACE 93210
9th largest company by total assets in De Panne, Accommodation and food service sector1 site
Size
€1.8mtotal assets 2025
Staff
13.1 FTE
Equity
€285,406
Loss
-€4.1m
Net result -491%: other schema
Financial health
31 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
9.0%
Structure
Parent
STUDIO PLOPSA · 100%
  • STUDIO PLOPSADaily manager · permanent representative Hans Bourlon
  • REMUSDaily manager · permanent representative Gert Verhulst
  • CERVINO CONSULTINGDaily manager · permanent representative Carl Lenaerts
Auditor: BCV Emst & Young BedrijfsrevisorenAccounts 42 days early
Why 31raises riskJudicial reorganisation on record (2 publications, latest 30-10-2019)Loss of €4.1m, the second in a row (financial year 2025)Equity €285,406 (15.6% of total assets)Sector: Food and beverage service activities (NACE 56)Show the evidence

Checked score

Score 2025
31 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 19% of its sector peers (NACE 56, small)
Financial strength · tick = 2024
Weak
Solvency 41-59
equity 15.6% of total assets
Liquidity 40-10
short-term debt 35.8% · cash 4.8%
Profitability 0-42
return on assets -224.0%
Bankruptcy probability, 12 months
9.0% Elevated
0%0.5%1.5%4%10%≥ 25%

About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (1,617 companies, NACE 56, small)
Last 24 months 11-2024: 5.4% 12-2024: 5.4%● unchanged vs 11-2024 01-2025: 5.4%● unchanged vs 12-2024 02-2025: 5.4%● unchanged vs 01-2025 03-2025: 5.4%● unchanged vs 02-2025 04-2025: 5.9%▲ +0.5 percentage points vs 03-2025 05-2025: 5.7%▼ -0.2 percentage points vs 04-2025 06-2025: 6.0%▲ +0.3 percentage points vs 05-2025 07-2025: 6.7%▲ +0.7 percentage points vs 06-2025 08-2025: 4.3%▼ -2.4 percentage points vs 07-2025 09-2025: 4.3%● unchanged vs 08-2025 10-2025: 4.3%● unchanged vs 09-2025 11-2025: 4.1%▼ -0.2 percentage points vs 10-2025 12-2025: 4.0%▼ -0.1 percentage points vs 11-2025 01-2026: 4.0%● unchanged vs 12-2025 02-2026: 4.0%● unchanged vs 01-2026 03-2026: 3.9%▼ -0.1 percentage points vs 02-2026lowest value 04-2026: 4.2%▲ +0.3 percentage points vs 03-2026 05-2026: 4.4%▲ +0.2 percentage points vs 04-2026 06-2026: 4.5%▲ +0.1 percentage points vs 05-2026 07-2026: 8.6%▲ +4.1 percentage points vs 06-2026 08-2026: 8.6%● unchanged vs 07-2026 09-2026: 9.0%▲ +0.4 percentage points vs 08-2026highest value 10-2026: 9.0%● unchanged vs 09-2026highest value
Credit of up to €8,000 on 30-day terms, only on tighter conditions: judicial reorganisation (WER Book XX) on file
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.64, compared with 0.93 in 2024, below 1; short-term debt: 35.8% and cash: 4.8% of total assets), and 84.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 56, small): better than 33% on solvency, 34% on liquidity, 4% on profitability and 6% on growth.

The bankruptcy probability was computed on 16-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
raises riskneutral
raises risk · Judicial reorganisation on record (2 publications, latest 30-10-2019)
Belgian Official Gazette
raises risk · Loss of €4.1m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Equity €285,406 (15.6% of total assets)
NBB · annual accounts
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€4.1m
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 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
42 days early
2024
37 days early
2023
48 days early
2022
18 days early
2021
46 days early
2020
38 days early
2019
112 days late
← 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 17 days before the deadline; the sector median (NACE 56) for financial year 2024 is 6 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
16-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Permanent representatives: Hans Bourlon, Gert Verhulst…Reappointments: Studio Plopsa NV, Remus…
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Risk: 5 loss-making years in a rowloss financial year 2025 -€4.1m View
  • Caution: Result fell in 2025different schema filed ▼ 491% View
  • Caution: Among the weakest 5% on net resultsector median €9,965 · 926 companies -€4.1m View
  • Controlled by STUDIO PLOPSAultimately: Romulus en Remus 100% View
  • Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View
  • Flemish supportawarded from 2022 to 2025 €99,900 View

By topic

Financials

Financial year
2025
Total assets
€1.8m
Loss
-€4.1m
Solvency
15.6%
Total assets▼ 67.6%
Net result
20192025
Go to Financials

Board & ownership

Board
3 members
Parent
STUDIO PLOPSA · 100%
Auditor
BCV Emst & Young…
  • STUDIO PLOPSADaily manager
  • REMUSDaily manager
  • CERVINO CONSULTINGDaily manager
Go to Board & ownership

Network & group

Group
Romulus en Remus
Connected companies
11
Mergers and asset contributions
1
Go to Network & group

Timeline

Events
45
Since
2014
Next accounts
by 31-07-2027
  1. 15-01-2025Capital & shares · Amendment of the…
  2. 13-06-2024Annual accounts filed
  3. 21-11-2023Appointments: BCV Emst & Young Bedrijfsrevisoren (statutory…
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Full-service restaurantsNACE 56111
Founded
26-11-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Purpose
“De vennootschap heeft tot voorwerp, met uitzondering van de activiteiten en verrichtingen…” (deed in Dutch)
Go to Articles of association

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