PLUG & WORK
ActiveSummary
PLUG & WORK has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34,365 and a net result of -€4,386. Equity is shrinking by about 4.1% per year across the filed financial years. Its solvency ranks better than 54% of 3,264 sector peers (NACE 95, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
- Equity
- €34,365
- Loss
- -€4,386
Why 62raises riskLiquidity: current ratio 1.71, cash €19, halvedLast filed accounts filed 22 days late; 1 of the last 3 lateLoss of €4,386, the second in a row (financial year 2025)lowers riskFounded in 1998Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 95, micro): better than 52% on solvency, 14% on liquidity, 15% on profitability and 21% on growth.
The bankruptcy probability was computed on 25-10-2026 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
This company filed its last 7 accounts on average 67 days after the deadline; the sector median (NACE 95) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet -€49,435
Financials · financial year 2025, micro format
2025 annual accounts filed late (22 days) Filed on 22 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00415005.
2021 to 2025, 5 financial years 2018 to 2025, 7 financial years
The operating result stays negative: a loss of €4,014 in 2025 against €41,476 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles: 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).
Peer companies
Historical observationOf the 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
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 12,322 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.
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | €1,118 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €51,211 | - | - |
| Other operating charges640/8 | - | - | - | - | €1,485 | €387 | €813 | ▲ 110% |
| Non-recurring operating charges66A | - | - | - | - | €726 | - | - | - |
| Gross operating margin9900 | €16,141 | €12,573 | €24,875 | -€1,052 | -€1,171 | €10,123 | -€2,083 | - |
| Operating profit (loss)9901 | -€6,437 | €12,115 | €24,875 | -€1,052 | -€3,381 | -€41,476 | -€4,014 | ▲ 90.3% |
| Financial income75/76B | - | - | €449 | - | - | - | - | - |
| Recurring financial income75 | €0 | - | €449 | - | - | - | - | - |
| Financial charges65/66B | - | - | €347 | €5,334 | €395 | €656 | €372 | ▼ 43.2% |
| Recurring financial charges65 | €611 | €1,716 | €347 | €5,334 | €395 | €656 | €372 | ▼ 43.2% |
| Profit (loss) for the period before taxes9903 | -€7,047 | €10,400 | €24,977 | -€6,386 | -€3,776 | -€42,132 | -€4,386 | ▲ 89.6% |
| Income taxes67/77 | €5,953 | - | €6,312 | €1,302 | - | €7,303 | - | - |
| Profit (loss) for the period9904 | -€13,000 | €10,400 | €18,665 | -€7,688 | -€3,776 | -€49,435 | -€4,386 | ▲ 91.1% |
| Profit (loss) for the period to be appropriated9905 | -€13,000 | €10,400 | €18,665 | -€7,688 | -€3,776 | -€49,435 | -€4,386 | ▲ 91.1% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €138,201 | €112,951 | €124,941 | €125,521 | €156,163 | €101,719 | €82,660 | ▼ 18.7% |
| Formation expenses20 | - | - | - | - | €1,118 | €1,118 | - | - |
| Current assets29/58 | €138,201 | €112,951 | €124,941 | €125,521 | €155,045 | €100,600 | €82,660 | ▼ 17.8% |
| Stocks and contracts in progress3 | €9,118 | - | - | - | - | - | €4,438 | - |
| Stocks30/36 | - | - | - | - | - | - | €4,438 | - |
| Amounts receivable within one year40/41 | €85,045 | €91,668 | €106,148 | €111,186 | €118,437 | €84,071 | €78,203 | ▼ 7.0% |
| Trade receivables40 | - | - | €50,294 | €59,975 | €66,538 | €84,071 | €76,020 | ▼ 9.6% |
| Other amounts receivable41 | - | - | €55,855 | €51,211 | €51,899 | - | €2,183 | - |
| Cash at bank and in hand54/58 | €44,037 | €21,282 | €18,792 | €14,336 | €36,608 | €16,529 | €19 | ▼ 99.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €138,201 | €112,951 | €124,941 | €125,521 | €156,163 | €101,719 | €82,660 | ▼ 18.7% |
| Equity10/15 | €36,181 | €46,580 | €99,651 | €91,962 | €88,186 | €38,751 | €34,365 | ▼ 11.3% |
| Contributions10/11 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €26,885 | €37,284 | €90,355 | €82,666 | €78,890 | €29,455 | €25,069 | ▼ 14.9% |
| Amounts payable17/49 | €102,020 | €66,370 | €25,290 | €33,559 | €67,977 | €62,968 | €48,296 | ▼ 23.3% |
| Amounts payable within one year42/48 | €102,020 | €66,370 | €25,290 | €33,559 | €67,977 | €62,968 | €48,296 | ▼ 23.3% |
| Trade debts44 | €26,151 | €23,771 | €13,110 | €32,568 | €27,954 | €24,394 | €14,962 | ▼ 38.7% |
| Suppliers440/4 | - | - | €13,110 | €32,568 | €27,954 | €24,394 | €14,962 | ▼ 38.7% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €177 | - |
| Taxes, remuneration and social security45 | - | - | €7,544 | €991 | - | €4,327 | - | - |
| Taxes450/3 | - | - | €7,544 | €991 | - | €4,327 | - | - |
| Other amounts payable47/48 | - | - | €4,636 | - | €40,023 | €34,247 | €33,156 | ▼ 3.2% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,000 | €10,400 | €18,665 | -€7,688 | -€3,776 | -€49,435 | -€4,386 | ▲ 91.1% |
| + Depreciation and write-downs630 | - | - | - | - | - | - | €1,118 | - |
| Operating cash flow (approximation) | -€13,000 | €10,400 | €18,665 | -€7,688 | -€3,776 | -€49,435 | -€3,268 | ▲ 93.4% |
| Change in cash | - | -€22,755 | - | -€4,457 | €22,273 | -€20,080 | -€16,509 | ▲ 17.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 22-08-2026 | 2026-00415005 |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00411284 |
| 31-12-2023 | micro format | 29-09-2024 | 2024-00477753 |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00390962 |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20373161 |
| 31-12-2019 | micro format | 30-11-2020 | 2020-74300407 |
| 31-12-2018 | full format | 21-01-2020 | 2020-02100541 |
| 31-12-2017 | full format | 30-09-2018 | 2018-67000475 |
| 31-12-2016 | full format | 02-01-2018 | 2018-00100425 |
| 31-12-2014 | full format | 16-03-2016 | 2016-06400557 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Fabien LEPIÈCE |
|
Owners and capital
Capital and shareholders
- 13-12-2023 Converted to unavailable equity
Group and network
Connections & network
3 connected companiesHistory
Acts, filings and financial milestones
13-12
Gazette deed
Resignation: LEPIECE Fabien Luc Sonia (manager)Reappointment: LEPIECE Fabien Luc Sonia (director) · Capital conversion · Amendment of the articles9 facts ▸
- General meeting, 08-12-2023
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “compte créé en application de l’article 39,§2,deuxième alinéa, suppression du compte de capitaux propres statutairement indisponible” (deed in French)
- Amendment of the articles
- Capital
- Director resignation, LEPIECE Fabien Luc Sonia (manager)
- Director reappointment, LEPIECE Fabien Luc Sonia (director (not named in the articles))
- Director discharge, LEPIECE Fabien Luc Sonia (manager)
- Power of attorney, LEPIECE Fabien Luc Sonia
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21618B0430/00L000 | Brussels | 1.9 ha | 1 · 670 m² | 21.7 m · 6 |
| 21612D0187/00L000 | Brussels | 4,385 m² | 1 · 2,031 m² | 32.9 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Toute opération industrielle,commerciale,artisanale ou financière relative à l’import,l’export,la vente en gros ou en détail,la…” (deed in French)
2 activities (deed in French)
- Toute opération industrielle,commerciale,artisanale ou financière relative à l’import,l’export,la vente en gros ou en détail,la fabrication,la commercialisation sous toutes ses formes de tout matériel,système ou service d’automatisation (industrielle ou bureautique),d’information,de communication et de programmation
- Toute activité se rapportant directement ou indirectement à la consultance et/ou la formation en marketing,commerciale,financière,administrative ou en organisation,pour des personnes privées et de petites,moyennes ou grandes entreprises,en ce compris la comptabilité,les études de marché,la gestion,la communication,la recherche et le développement de nouveaux produits techniques ou débouchés,l’informatique et les télécommunications,la prospection,les incentives,la publicité,la création de société(s) et/ou d’association(s),ou toute autre activité nécessaire à la survie ou au développement de la ou des entreprises ou personne(s) cliente(s)
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- PLUG & WORK
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles Capitale, 1180 Uccle,Château de Walzin 15 boîte 1” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “la société est administrée par plusieurs administrateurs et sauf organisation par l’assemblée générale d’un organe d’administration…”
- Board ruleHow the board is made up, meets and takes decisions.
- “1, avec ou sans limitation de durée,à défaut sans limitation” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Tuesday of June at 10:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Liquidation, actif net réparti entre tous les actionnaires en proportion de leurs actions” (deed in French)