Plug the Jack
ActiveSummary
The computed 12-month bankruptcy probability of Plug the Jack is 2.1% (moderate). The annual accounts of Plug the Jack for fiscal year 2024 show a net loss of 188% of the equity at the start of that year. The 2024 annual accounts show equity of €2.1m and a net result of -€823,004. Equity is growing by ~101.8% per year across the filed fiscal years. Its solvency ranks better than 48% of 1930 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency72▲+27
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days 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 ample (current ratio 4.59 against 1.62 in 2023; short-term debt: 5.9% and cash: 25.6% of total assets), but 53.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
46.6%
Return on assets
-18.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
41 d early
2022
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#7 company by equity in Zaventem, Publishing and media sector#9 company by total assets in Zaventem, Publishing and media sector
Equity
€2.1m▲ 382%
2023 · €438,210
Total assets
€4.5m▲ 108%
2023 · €2.2m
Net result
-€823,004▲ 2.0%
2023 · -€839,401
Working capital
€956,191▲ 826%
2023 · €103,215
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result-€115,980--€736,874▼ 535%-€713,658▲ 3.2%
Net result-€154,649below the sector's middle half--€839,401below the sector's middle half▼ 443%-€823,004below the sector's middle half▲ 2.0%
Equity€695,351above the sector's middle half-€438,210above the sector's middle half▼ 37.0%€2.1mabove the sector's middle half▲ 382%
Total assets€2.1mabove the sector's middle half-€2.2mabove the sector's middle half▲ 5.5%€4.5mabove the sector's middle half▲ 108%
Debt€1.4m-€1.7m▲ 27.1%€2.4m▲ 38.9%
Working capital€61,721-€103,215▲ 67.2%€956,191▲ 826%
Solvency33.7%within the sector's middle half-20.1%within the sector's middle half▼ 13.6pp46.6%within the sector's middle half▲ 26.5pp
Staff (FTE)1.2-5▲ 317%11▲ 120%
above
within
below
the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2023 Net result -443% on 2022. This fiscal year ran 15 months.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €713,658 in 2024 against €736,874 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.5m
Fixed assets
€3.3m ▲ 73.2%
Current assets
€1.2m ▲ 354%
Equity and liabilities €4.5m
Equity
€2.1m ▲ 382%
Debt
€2.4m ▲ 38.9%
Debt's share of the balance-sheet total falls from 79.9% to 53.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€478,452▲
2023 · -€573,961
Cash flow
-€587,798▲
2023 · -€676,487
Current ratio
4.59▲
2023 · 1.62
Debt to equity
1.14▼
2023 · 3.97
ROE
-39.0%▲
2023 · -191.6%
ROA
-18.2%▲
2023 · -38.6%
Interest coverage
-4.21▲
2023 · -5.39
Debt ≤ 1 year
€266,128▲
2023 · €166,021
Debt > 1 year
€2.1m▲
2023 · €1.6m
Income taxes
€187▼
2023 · €234
Staff costs
€418,533▲
2023 · €337,649
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 224 companies that looked in July 2024 the way this one looks now, 4.0% went bankrupt within 24 months and 88% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
4.0%
went bankrupt
7.1%
stopped otherwise
88%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 224 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
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €308 | €548 | ▲ 77.9% |
| Remuneration, social security and pensions62 | €32,359 | €337,649 | €418,533 | ▲ 24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,477 | €162,913 | €235,206 | ▲ 44.4% |
| Other operating charges640/8 | €744 | €348 | €968 | ▲ 178% |
| Non-recurring operating charges66A | - | €66,500 | €1,252 | ▼ 98.1% |
| Gross operating margin9900 | -€43,400 | -€169,465 | -€57,699 | ▲ 66.0% |
| Operating profit (loss)9901 | -€115,980 | -€736,874 | -€713,658 | ▲ 3.2% |
| Financial income75/76B | €0 | €4,232 | €4,523 | ▲ 6.9% |
| Recurring financial income75 | €0 | €4,232 | €4,523 | ▲ 6.9% |
| Financial charges65/66B | €38,640 | €106,524 | €113,682 | ▲ 6.7% |
| Recurring financial charges65 | €38,640 | €106,524 | €113,682 | ▲ 6.7% |
| Profit (loss) for the period before taxes9903 | -€154,620 | -€839,166 | -€822,817 | ▲ 1.9% |
| Income taxes67/77 | €29 | €234 | €187 | ▼ 20.1% |
| Profit (loss) for the period9904 | -€154,649 | -€839,401 | -€823,004 | ▲ 2.0% |
| Profit (loss) for the period to be appropriated9905 | -€154,649 | -€839,401 | -€823,004 | ▲ 2.0% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €2.1m | €2.2m | €4.5m | ▲ 108% |
| Fixed assets21/28 | €1.3m | €1.9m | €3.3m | ▲ 73.2% |
| Intangible fixed assets21 | €33,578 | €82,463 | €88,730 | ▲ 7.6% |
| Tangible fixed assets22/27 | €1.2m | €1.8m | €3.2m | ▲ 76.2% |
| Land and buildings22 | €1.2m | €1.7m | €2.9m | ▲ 69.5% |
| Plant, machinery and equipment23 | - | €9,028 | €11,987 | ▲ 32.8% |
| Furniture and vehicles24 | €8,570 | €42,176 | €89,859 | ▲ 113% |
| Other tangible fixed assets26 | €6,369 | €36,952 | €169,632 | ▲ 359% |
| Financial fixed assets28 | €60,235 | €635 | €635 | = |
| Current assets29/58 | €781,590 | €269,236 | €1.2m | ▲ 354% |
| Amounts receivable within one year40/41 | €98,528 | €45,661 | €43,721 | ▼ 4.2% |
| Trade receivables40 | €56,044 | - | - | - |
| Other amounts receivable41 | €42,484 | €45,661 | €43,721 | ▼ 4.2% |
| Cash at bank and in hand54/58 | €674,309 | €211,767 | €1.2m | ▲ 448% |
| Deferred charges and accrued income490/1 | €8,752 | €11,807 | €18,345 | ▲ 55.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €2.1m | €2.2m | €4.5m | ▲ 108% |
| Equity10/15 | €695,351 | €438,210 | €2.1m | ▲ 382% |
| Contributions10/11 | €850,000 | €1.4m | €3.9m | ▲ 183% |
| Profit (loss) carried forward14 | -€154,649 | -€994,050 | -€1.8m | ▼ 82.8% |
| Investment grants15 | - | €62,510 | €58,520 | ▼ 6.4% |
| Amounts payable17/49 | €1.4m | €1.7m | €2.4m | ▲ 38.9% |
| Amounts payable after more than one year17 | €647,478 | €1.6m | €2.1m | ▲ 36.6% |
| Financial debts170/4 | €647,478 | €1.3m | €1.8m | ▲ 45.3% |
| Other amounts payable178/9 | - | €300,000 | €300,000 | = |
| Amounts payable within one year42/48 | €719,869 | €166,021 | €266,128 | ▲ 60.3% |
| Current portion of amounts payable after more than one year42 | €33,800 | €100,308 | €163,721 | ▲ 63.2% |
| Financial debts43 | €295,000 | - | - | - |
| Credit institutions430/8 | €295,000 | - | - | - |
| Trade debts44 | €88,118 | €20,521 | €47,145 | ▲ 130% |
| Suppliers440/4 | €88,118 | €20,521 | €47,145 | ▲ 130% |
| Taxes, remuneration and social security45 | €2,924 | €27,911 | €37,007 | ▲ 32.6% |
| Taxes450/3 | €53 | €6,566 | €6,377 | ▼ 2.9% |
| Remuneration and social security454/9 | €2,871 | €21,345 | €30,630 | ▲ 43.5% |
| Other amounts payable47/48 | €300,026 | €17,281 | €18,254 | ▲ 5.6% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€154,649 | -€839,401 | -€823,004 | ▲ 2.0% |
| + Depreciation and write-downs630 | €39,477 | €162,913 | €235,206 | ▲ 44.4% |
| Operating cash flow (approximation) | -€115,172 | -€676,487 | -€587,798 | ▲ 13.1% |
| Investment in fixed assets (approximation) | - | -€789,357 | -€1.6m | ▼ 107% |
| Change in cash | - | -€462,542 | €948,485 | ▲ 305% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 4.59
Current ratio from 1.62 to 4.59.
31-12
Financial
Equity above €2mEq €2.1m ▲382%
Equity rises from €438,210 to €2.1m.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€839,401
Net result drops to -€839,401, the lowest in the series; recovery starts the following year.
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zaventem · 5 establishment units since 2021
Ground area
8,786 m²
Building footprint
6,278 m²
Volume, LiDAR
19,207 m³
5 parcels, Brussels, Flanders, Wallonia · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
5 establishment units
Kempenstraat 34, 1080 Sint-Jans-Molenbeek
since 20212.323.625.397
Tollaan 81, 1932 Zaventem
since 20222.331.321.061
Bredastraat 127, 2060 Antwerpen
since 20242.355.421.603
Rue Natalis 50, 4020 Liège
since 20242.364.089.344
Roggestraat 1, 9000 Gent
since 20262.385.694.907
5 parcels
Flanders
3
(60%)
Wallonia
1
(20%)
Brussels
1
(20%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G0074/00V002 | Flanders | 3,956 m² | 1 · 3,233 m² | - |
| 44810K0084/00A004 | Flanders | 2,177 m² | 1 · 1,071 m² | 6.9 m · 2 fl. |
| 23078C0001/00P000 | Flanders | 1,421 m² | 1 · 653 m² | 8.5 m · 2 fl. |
| 62817B0542/00E002 | Wallonia | 915 m² | 1 · 1,005 m² | 9.7 m · 2 fl. |
| 21523B0820/02R005 | Brussels | 317 m² | 1 · 315 m² | 12.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 257 companies in sector 59202 we hold annual accounts for 65. 12 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-02-2021
Fiscal year end31-12
Abbreviation NL
PJ et PTJ
Activities, NACEBEL 2025
59202
82300Organisation of conventions and trade shows
82400
Contact
Website
www.plugthejack.com
Phone
0473261989
E-invoicing
Reachable via Peppol
Peppol ID
0208:0764309718
Registered
13-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.