PLUGZERO
ActiveSummary
PLUGZERO has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39,232 and a net result of €11,219. Its solvency ranks better than 15% of 34,483 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
- Equity
- €39,232
- Profit
- €11,219
Why 67raises riskFounded in 2024Equity €39,232 (11.5% of total assets)lowers riskLiquidity: current ratio 1.04, cash €101,053Size: total assets €340,298Show the evidence
Checked score
About 9 in 1,000 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 43, micro): better than 15% on solvency, 27% on liquidity, 44% on profitability and 79% on growth.
The bankruptcy probability was computed on 18-10-2026 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 2 accounts on average 5 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointments: DE WULF Staf (director)…
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result falls in 2025; 2025 is 12% below 2024.
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 43, Specialised construction 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).
Peer companies
Historical observationOf the 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 94.9% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,472 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% | 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 2,542 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 | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €116 | €663 | ▲ 473% |
| Other operating charges640/8 | €52 | €471 | ▲ 806% |
| Gross operating margin9900 | €7,190 | €7,342 | ▲ 2.1% |
| Operating profit (loss)9901 | €7,022 | €6,208 | ▼ 11.6% |
| Financial income75/76B | €4,097 | €9,023 | ▲ 120% |
| Recurring financial income75 | €4,097 | €9,023 | ▲ 120% |
| Financial charges65/66B | €451 | €273 | ▼ 39.4% |
| Recurring financial charges65 | €451 | €273 | ▼ 39.4% |
| Profit (loss) for the period before taxes9903 | €10,668 | €14,958 | ▲ 40.2% |
| Income taxes67/77 | €2,654 | €3,739 | ▲ 40.9% |
| Profit (loss) for the period9904 | €8,013 | €11,219 | ▲ 40.0% |
| Profit (loss) for the period to be appropriated9905 | €8,013 | €11,219 | ▲ 40.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €157,478 | €340,298 | ▲ 116% |
| Fixed assets21/28 | €875 | €26,953 | ▲ 2,979% |
| Tangible fixed assets22/27 | €875 | €26,953 | ▲ 2,979% |
| Furniture and vehicles24 | €875 | €26,953 | ▲ 2,979% |
| Current assets29/58 | €156,602 | €313,344 | ▲ 100% |
| Stocks and contracts in progress3 | €14,650 | €17,260 | ▲ 17.8% |
| Stocks30/36 | €14,650 | €17,260 | ▲ 17.8% |
| Amounts receivable within one year40/41 | €115,920 | €194,396 | ▲ 67.7% |
| Trade receivables40 | €72,633 | €145,271 | ▲ 100% |
| Other amounts receivable41 | €43,287 | €49,125 | ▲ 13.5% |
| Cash at bank and in hand54/58 | €26,032 | €101,053 | ▲ 288% |
| Deferred charges and accrued income490/1 | - | €635 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €157,478 | €340,298 | ▲ 116% |
| Equity10/15 | €28,013 | €39,232 | ▲ 40.0% |
| Contributions10/11 | €20,000 | €20,000 | = |
| Reserves13 | €8,000 | €19,000 | ▲ 138% |
| Distributable reserves133 | €8,000 | €19,000 | ▲ 138% |
| Profit (loss) carried forward14 | €13 | €232 | ▲ 1,625% |
| Amounts payable17/49 | €129,464 | €301,065 | ▲ 133% |
| Amounts payable within one year42/48 | €129,464 | €301,065 | ▲ 133% |
| Trade debts44 | €126,094 | €293,175 | ▲ 133% |
| Suppliers440/4 | €126,094 | €293,175 | ▲ 133% |
| Advances received on contracts in progress46 | €128 | €229 | ▲ 79.5% |
| Taxes, remuneration and social security45 | €2,654 | €6,393 | ▲ 141% |
| Taxes450/3 | €2,654 | €6,393 | ▲ 141% |
| Other amounts payable47/48 | €588 | €1,268 | ▲ 116% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €8,013 | €11,219 | ▲ 40.0% |
| + Depreciation and write-downs630 | €116 | €663 | ▲ 473% |
| Operating cash flow (approximation) | €8,129 | €11,882 | ▲ 46.2% |
| Investment in fixed assets (approximation) | - | -€26,740 | - |
| Change in cash | - | €75,021 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 24-06-2026 | 2026-00206373 |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00442993 |
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
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
13-05
Gazette deed
IncorporationAppointments: DE WULF Staf (director) and DE VREESE Henri (director) · Capital · Registered office clause10 facts ▸
- Capital
- Registered office clause, “9880 Aalter,Venecolaan 52 E bus 1” (deed in Dutch)
- Director appointment, DE WULF Staf (director (not named in the articles))
- Director appointment, DE VREESE Henri (director (not named in the articles))
- Pre-incorporation commitments, “takeover, rechten en verbintenissen uit rechtshandelingen in naam en voor rekening gesteld voor oprichting” (deed in Dutch)
- Other provision, 08-05-2024
- Incorporation, 07-05-2024
- Founder, DE WULF Staf Roland
- Founder, DE VREESE Henri Omer Etienne
- Founding capital, €20,000
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1009.235.807
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44001B0083/00P007 | Flanders | 1.3 ha | 1 · 3,901 m² | 10.3 m |
| 44064B0238/00H000 | Flanders | 1,083 m² | 1 · 263 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De vervaardiging,de montage en demontage,de plaatsing,de herstelling en het onderhoud van elektrische en elektrotechnische…” (deed in Dutch)
13 activities (deed in Dutch)
- De vervaardiging,de montage en demontage,de plaatsing,de herstelling en het onderhoud van elektrische en elektrotechnische installatie,elektromechanische installaties,verlichting,drijfkracht,telefonie,alarm- en beveiligingssystemen,automatisatie,installaties en uitrusting voor telecommunicatie,telematica,elektronica,datacommunicatie,verwarming,domotica,klimaatregeling,diverse specialisaties en dergelijke,de plaatsing van toebehoren en randapparatuur in verband hiermee,het uitvoeren van alle bedradingen en bekabelingen;
- Onderneming voor de aan- en de verkoop,de groot- en de kleinhandel van alle materialen nodig voor hogervermelde activiteiten;
- De in- en uitvoer,de verkoop,de handel en de vertegenwoordiging van auto-onderdelen,toebehoren voor garages,toebehoren voor landbouwmachines en toebehoren voor de industrie,alsmede alles wat in de ruime zin van het woord daartoe gerekend kan worden;
- De installatie en de verkoop van elektrisch materiaal;
- De uitoefening van elektriciteitswerken;
- De verkoop van laadstations;
- Het aanstellen en plaatsen van onderaannemers;
- Het aanbieden van eigen installateurs;
- De exploitatie van en handel in onroerend goed;
- Het verlenen van adviezen van financiële,technische,commerciële,administratieve,informatieve,sociale en organisatorische aard,rechtstreeks of onrechtstreeks op het gebied van management en beheer van ondernemingen en dit in de ruimste zin;
- Het uitvoeren van alle opdrachten,management en consultancy,participatie onder de vorm van organisatiestudies,expertises,raadgevingen op alle gebied bij ondernemingen en dit in de ruimste zin;
- Het voeren van interim-management bij ondernemingen en dit in de ruimste zin;
- Het geven van opleiding,sessies en consultancy in bedrijven en dit in de ruimste zin.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- PLUGZERO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, Artikel 2” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, natuurlijke personen of rechtspersonen” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Saturday of June at 11:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed