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PLUG UP

Active
Private limited companyfounded 20214 years activeRue de Genval 30, 1301 Wavre, BelgiumKBO/BCE: BE 0775.678.217
Summary

PLUG UP has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4,631 and a net result of -€1,681. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 91% of 1,649 sector peers (NACE 33, fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Installation of industrial machinery and equipment
NACE 33200
1 site
Size
€5,328total assets 2025
Equity
€4,631
Loss
-€1,681
Financial health
85 Excellent Checked score 2025
Bankruptcy probability, 12 months
0.3%
Structure
Accounts 40 days early0 of 1 deed read
Why 85- Founded in 2021+ Liquidity: current ratio 7.65, cash €2,833+ Equity €4,631 (86.9% of total assets)+ Figures for FY 2025 (filed 21-06-2026)Show the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 51% of its sector peers (NACE 33, micro)
Financial strength · tick = 2024
Strong
Solvency 100=
equity 86.9% of total assets
Liquidity 98+6
short-term debt 13.1% · cash 53.2%
Profitability 0-100
return on assets -31.6%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (2,371 companies)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.6%▲ +0.1 percentage points vs 04-2025highest value 06-2025: 0.4%▼ -0.2 percentage points vs 05-2025 07-2025: 0.2%▼ -0.2 percentage points vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025lowest value 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.3%▲ +0.1 percentage points vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.1 percentage points vs 07-2026 09-2026: 0.5%▲ +0.1 percentage points vs 08-2026 10-2026: 0.3%▼ -0.2 percentage points vs 09-2026
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 33, micro): better than 91% on solvency, 95% on liquidity, 4% on profitability and 15% on growth.

The bankruptcy probability was computed on 06-10-2026 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

Five signals.
−lowers risk+raises risk○neutral
lowers risk · Liquidity: current ratio 7.65, cash €2,833
NBB · annual accounts
lowers risk · Equity €4,631 (86.9% of total assets)
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 21-06-2026)
NBB · annual accounts
raises risk · Founded in 2021
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
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 21-06-2026, 40 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
40 days early
2024
40 days early
2023
39 days early
2022
46 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 41 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 21 June (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Back to profitnet €2,595

Key points

  • Caution: Among the weakest 13% on equitysector median €53,704 · 1,649 companies €4,631 View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View
  • Total assets 20254 fiscal years filed €5,328 View

By topic

Financials

Fiscal year
2025
Total assets
€5,328
Loss
-€1,681
Solvency
86.9%
Total assets▼ 34.9%
Net result
20222025
Go to Financials

Timeline

Events
6
Since
2023
Next accounts
by 31-07-2027
  1. 22-06-2024Annual accounts filed
  2. 31-12-2023Weakest financial year
  3. 15-06-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Installation of industrial machinery and equipmentNACE 33200
Founded
13-10-2021
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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