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PlumbTech Solutions

Active
Private limited companyfounded 2025active for 1 yearPastoriestraat 216, 8200 Brugge, BelgiumKBO/BCE: BE 1018.397.258
Summary

PlumbTech Solutions has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,393 and a net result of €13,393. Its solvency ranks better than 60% of 34,483 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Financials · financial year 2025, micro format

Equity
€13,393
Total assets
€24,206
Net result
€13,393
Working capital
€7,989

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €24,206
Fixed assets €5,471
Current assets €18,735
Equity and liabilities €24,206
Equity €13,393
Debt €10,812
Debt finances 44.7% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€16,468
Cash flow
€13,923
Current ratio
1.74
Quick ratio
1.71
Debt to equity
0.81
ROE
100.0%
ROA
55.3%
Interest coverage
over 100
Debt ≤ 1 year
€10,746
Income taxes
€2,450

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a bankruptcy probability of 0.8% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 11,280 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
Filed annual accounts As filed with the NBB · 2025 · 41 lines
Balance sheet Code2025
Assets
Total assets20/58€24,206
Fixed assets21/28€5,471
Intangible fixed assets21€924
Tangible fixed assets22/27€4,546
Plant, machinery and equipment23€3,698
Furniture and vehicles24€849
Current assets29/58€18,735
Stocks and contracts in progress3€318
Stocks30/36€318
Amounts receivable within one year40/41€12,767
Trade receivables40€10,530
Other amounts receivable41€2,237
Cash at bank and in hand54/58€5,650
Equity and liabilities
Total equity and liabilities10/49€24,206
Equity10/15€13,393
Contributions10/11€5,000
Reserves13€8,393
Distributable reserves133€8,393
Amounts payable17/49€10,812
Amounts payable within one year42/48€10,746
Trade debts44€4,549
Suppliers440/4€4,549
Taxes, remuneration and social security45€2,450
Taxes450/3€2,450
Other amounts payable47/48€3,747
Accrued charges and deferred income492/3€66
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€529
Other operating charges640/8€872
Gross operating margin9900€17,340
Operating profit (loss)9901€15,939
Financial charges65/66B€96
Recurring financial charges65€96
Profit (loss) for the period before taxes9903€15,843
Income taxes67/77€2,450
Profit (loss) for the period9904€13,393
Profit (loss) for the period to be appropriated9905€13,393
Appropriation of the result
Profit (loss) to be appropriated9906€13,393
Transfer to equity691/2€8,393
To other reserves6921€8,393
Profit to be distributed694/7€5,000
Directors or managers695€5,000

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€529
Other operating charges640/8€872
Gross operating margin9900€17,340
Operating profit (loss)9901€15,939
Financial charges65/66B€96
Recurring financial charges65€96
Profit (loss) for the period before taxes9903€15,843
Income taxes67/77€2,450
Profit (loss) for the period9904€13,393
Profit (loss) for the period to be appropriated9905€13,393
Line2025
Assets
Total assets20/58€24,206
Fixed assets21/28€5,471
Intangible fixed assets21€924
Tangible fixed assets22/27€4,546
Plant, machinery and equipment23€3,698
Furniture and vehicles24€849
Current assets29/58€18,735
Stocks and contracts in progress3€318
Stocks30/36€318
Amounts receivable within one year40/41€12,767
Trade receivables40€10,530
Other amounts receivable41€2,237
Cash at bank and in hand54/58€5,650
Equity and liabilities
Total equity and liabilities10/49€24,206
Equity10/15€13,393
Contributions10/11€5,000
Reserves13€8,393
Distributable reserves133€8,393
Amounts payable17/49€10,812
Amounts payable within one year42/48€10,746
Trade debts44€4,549
Suppliers440/4€4,549
Taxes, remuneration and social security45€2,450
Taxes450/3€2,450
Other amounts payable47/48€3,747
Accrued charges and deferred income492/3€66
Line2025
Profit (loss) for the period9904€13,393
+ Depreciation and write-downs630€529
Operating cash flow (approximation)€13,923

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 29-07-2026 2026-00360118

Similar companies · same sector, comparable size

Of the 6,984 active companies whose main activity is plumbing work (NACE 43221), figures are known for 3,532. 2,137 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.