Plumeco
ActiveSummary
Plumeco has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.1m and a net result of €71,508. Equity is growing by ~27.9% per year across the filed fiscal years. Its solvency ranks better than 56% of 5071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▼-1
Solvency76▲+17
Growth85=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
Liquidity ample (current ratio 2.07 against 1.52 in 2024; short-term debt: 48.4% of total assets), and 49.3% of the assets are financed with debt.
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Signals
Four 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.7%
Return on assets
1.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 22-07-2026, 9 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
9 d early
2024
38 d early
2023
68 d late
2022
119 d late
2021
6 d early
2020
4 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 23 days after 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 25 July (4 of the last 5 filed years within 75 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#4 company by total assets in Lo-Reninge, Wholesale and retail trade sector#4 company by equity in Lo-Reninge, Wholesale and retail trade sector
Turnover
€75.0m▼ 3.0%
2024 · €77.3m
EBIT margin
0.1%▼ 0.4pp
2024 · 0.5%
Net result
€71,508▼ 68.0%
2024 · €223,326
Working capital
€3.1m▲ 2.4%
2024 · €3.1m
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€55.0m▲ 139%€82.4m▲ 49.9%€81.2m▼ 1.5%€77.3m▼ 4.8%€75.0m▼ 3.0%
Operating result€497,554€795,782▲ 59.9%€1.7m▲ 113%€423,204▼ 75.1%€74,952▼ 82.3%
Net result€412,119within the sector's middle half€565,269within the sector's middle half▲ 37.2%€1.4mabove the sector's middle half▲ 154%€223,326within the sector's middle half▼ 84.5%€71,508within the sector's middle half▼ 68.0%
EBIT margin0.9%▲ 1.6pp1.0%▲ 0.1pp2.1%▲ 1.1pp0.5%▼ 1.5pp0.1%▼ 0.4pp
Equity€775,559within the sector's middle half▲ 113%€1.3mwithin the sector's middle half▲ 72.9%€2.8mwithin the sector's middle half▲ 107%€3.0mwithin the sector's middle half▲ 8.0%€3.1mwithin the sector's middle half▲ 2.4%
Total assets€6.0mwithin the sector's middle half▲ 1,054%€7.9mwithin the sector's middle half▲ 32.0%€7.9mwithin the sector's middle half=€9.0mwithin the sector's middle half▲ 13.2%€6.1mwithin the sector's middle half▼ 32.3%
Debt€5.2m▲ 3,853%€6.5m▲ 25.5%€5.1m▼ 22.0%€5.9m▲ 16.2%€2.9m▼ 50.3%
Working capital€791,366within the sector's middle half▲ 108%€1.4mwithin the sector's middle half▲ 75.3%€2.8mwithin the sector's middle half▲ 104%€3.1mwithin the sector's middle half▲ 8.0%€3.1mwithin the sector's middle half▲ 2.4%
Solvency12.9%below the sector's middle half▼ 57.0pp16.9%below the sector's middle half▲ 4.0pp35.1%within the sector's middle half▲ 18.2pp33.5%within the sector's middle half▼ 1.6pp50.7%within the sector's middle half▲ 17.2pp
Current ratio1.15below the sector's middle half▼ 2.741.21within the sector's middle half▲ 0.061.56within the sector's middle half▲ 0.341.52within the sector's middle half▼ 0.042.07within the sector's middle half▲ 0.55
Return on assets (ROA)6.9%within the sector's middle half▲ 38.6pp7.1%within the sector's middle half▲ 0.3pp18.2%above the sector's middle half▲ 11.0pp2.5%within the sector's middle half▼ 15.7pp1.2%within the sector's middle half▼ 1.3pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 82% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.1m
Fixed assets
€152 ▼ 95.6%
Current assets
€6.1m ▼ 32.3%
Equity and liabilities €6.1m
Equity
€3.1m ▲ 2.4%
Provisions
€57,131 =
Debt
€2.9m ▼ 50.3%
Debt's share of the balance-sheet total falls from 65.9% to 48.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€78,268▼
2024 · €426,779
Cash flow
€74,824▼
2024 · €226,901
Quick ratio
2.04▲
2024 · 1.50
Debt to equity
0.95▼
2024 · 1.97
ROE
2.3%▼
2024 · 7.4%
Interest coverage
153.47▼
2024 · 263.12
Debt ≤ 1 year
€2.9m▼
2024 · €5.9m
Income taxes
€29,059▼
2024 · €254,178
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 174 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 95% are still going.
- Medium-sized
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0%
went bankrupt
4.6%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.1% 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 497,340 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% 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 174 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €55.2m | €82.6m | €81.5m | €77.4m | €75.0m | ▼ 3.0% |
| Turnover70 | €55.0m | €82.4m | €81.2m | €77.3m | €75.0m | ▼ 3.0% |
| Own construction capitalised72 | €0 | - | - | - | - | - |
| Other operating income74 | €168,148 | €128,625 | €249,292 | €55,715 | €45,199 | ▼ 18.9% |
| Operating charges60/66A | €54.7m | €81.8m | €79.8m | €76.9m | €74.9m | ▼ 2.6% |
| Goods for resale, raw materials and consumables60 | €53.3m | €80.0m | €77.7m | €74.7m | €73.0m | ▼ 2.3% |
| Purchases600/8 | €53.2m | €80.1m | €77.7m | €74.7m | €73.0m | ▼ 2.4% |
| Change in stocks: decrease (increase)609 | €62,351 | -€58,571 | €63,645 | -€32,142 | €4,228 | ▲ 113% |
| Services and other goods61 | €1.4m | €1.7m | €2.0m | €2.2m | €2.0m | ▼ 12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,423 | €3,575 | €3,576 | €3,575 | €3,316 | ▼ 7.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €5,218 | €27,131 | - | - | - | - |
| Other operating charges640/8 | - | - | €1,075 | €1,527 | €6,126 | ▲ 301% |
| Operating profit (loss)9901 | €497,554 | €795,782 | €1.7m | €423,204 | €74,952 | ▼ 82.3% |
| Financial income75/76B | - | - | €26,094 | €55,922 | €26,125 | ▼ 53.3% |
| Recurring financial income75 | - | - | €26,094 | €55,922 | €26,125 | ▼ 53.3% |
| Other financial income752/9 | - | - | €26,094 | €55,922 | €26,125 | ▼ 53.3% |
| Financial charges65/66B | €2,702 | €6,578 | - | €1,622 | €510 | ▼ 68.6% |
| Recurring financial charges65 | €2,702 | €6,578 | - | €1,622 | €510 | ▼ 68.6% |
| Debt charges650 | €2,035 | €5,948 | - | €1,622 | €510 | ▼ 68.6% |
| Other financial charges652/9 | €667 | €630 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €494,852 | €789,204 | €1.7m | €477,504 | €100,567 | ▼ 78.9% |
| Income taxes67/77 | €82,733 | €223,935 | €285,961 | €254,178 | €29,059 | ▼ 88.6% |
| Taxes670/3 | €82,733 | €223,935 | €285,961 | €254,178 | €29,059 | ▼ 88.6% |
| Profit (loss) for the period9904 | €412,119 | €565,269 | €1.4m | €223,326 | €71,508 | ▼ 68.0% |
| Transfer to tax-exempt reserves689 | - | - | €164,254 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €412,119 | €565,269 | €1.3m | €223,326 | €71,508 | ▼ 68.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.0m | €7.9m | €7.9m | €9.0m | €6.1m | ▼ 32.3% |
| Fixed assets21/28 | €14,193 | €10,619 | €7,043 | €3,468 | €152 | ▼ 95.6% |
| Tangible fixed assets22/27 | €14,193 | €10,619 | €7,043 | €3,468 | €152 | ▼ 95.6% |
| Furniture and vehicles24 | €14,193 | €10,619 | €7,043 | €3,468 | €152 | ▼ 95.6% |
| Current assets29/58 | €6.0m | €7.9m | €7.9m | €9.0m | €6.1m | ▼ 32.3% |
| Amounts receivable after more than one year29 | - | - | - | - | €2.0m | - |
| Other amounts receivable291 | - | - | - | - | €2.0m | - |
| Stocks and contracts in progress3 | €49,229 | €107,799 | €44,154 | €76,296 | €72,068 | ▼ 5.5% |
| Stocks30/36 | €49,229 | €107,799 | €44,154 | €76,296 | €72,068 | ▼ 5.5% |
| Raw materials and consumables30/31 | €49,229 | €107,799 | €44,154 | €76,296 | €72,068 | ▼ 5.5% |
| Amounts receivable within one year40/41 | €4.8m | €6.5m | €6.5m | €5.9m | €4.0m | ▼ 31.9% |
| Trade receivables40 | €4.7m | €6.3m | €6.4m | €5.4m | €3.6m | ▼ 33.8% |
| Other amounts receivable41 | €89,954 | €183,463 | €111,484 | €417,092 | €386,957 | ▼ 7.2% |
| Cash at bank and in hand54/58 | €1.1m | €1.3m | €1.4m | €3.0m | - | - |
| Deferred charges and accrued income490/1 | €22,007 | €20,226 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.0m | €7.9m | €7.9m | €9.0m | €6.1m | ▼ 32.3% |
| Equity10/15 | €775,559 | €1.3m | €2.8m | €3.0m | €3.1m | ▲ 2.4% |
| Contributions10/11 | €415,543 | €415,543 | €415,543 | €415,543 | €415,543 | = |
| Reserves13 | €111,815 | €111,815 | €1.1m | €2.4m | €2.6m | ▲ 9.5% |
| Non-distributable reserves130/1 | €1,554 | €1,554 | €1,554 | €1,554 | €1,554 | = |
| Reserves not available under the articles1311 | €1,554 | €1,554 | €1,554 | €1,554 | €1,554 | = |
| Tax-exempt reserves132 | €1,457 | €1,457 | €165,711 | €165,711 | €165,711 | = |
| Distributable reserves133 | €108,804 | €108,804 | €922,272 | €2.2m | €2.4m | ▲ 10.2% |
| Profit (loss) carried forward14 | €248,201 | €813,470 | €1.3m | €223,326 | €71,508 | ▼ 68.0% |
| Provisions and deferred taxes16 | €30,000 | €57,131 | €57,131 | €57,131 | €57,131 | = |
| Provisions for liabilities and charges160/5 | €30,000 | €57,131 | €57,131 | €57,131 | €57,131 | = |
| Other liabilities and charges164/5 | €30,000 | €57,131 | €57,131 | €57,131 | €57,131 | = |
| Amounts payable17/49 | €5.2m | €6.5m | €5.1m | €5.9m | €2.9m | ▼ 50.3% |
| Amounts payable within one year42/48 | €5.2m | €6.5m | €5.1m | €5.9m | €2.9m | ▼ 50.3% |
| Current portion of amounts payable after more than one year42 | - | €1.5m | - | - | - | - |
| Financial debts43 | - | - | - | - | €496,025 | - |
| Credit institutions430/8 | - | - | - | - | €496,025 | - |
| Trade debts44 | €5.1m | €4.8m | €4.9m | €5.9m | €2.4m | ▼ 59.2% |
| Suppliers440/4 | €5.1m | €4.8m | €4.9m | €5.9m | €2.4m | ▼ 59.2% |
| Taxes, remuneration and social security45 | €82,733 | €213,124 | €181,082 | €2,794 | €30,111 | ▲ 978% |
| Taxes450/3 | €82,733 | €210,619 | €178,677 | - | €29,059 | - |
| Remuneration and social security454/9 | - | €2,505 | €2,405 | €2,794 | €1,052 | ▼ 62.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €412,119 | €565,269 | €1.4m | €223,326 | €71,508 | ▼ 68.0% |
| + Depreciation and write-downs630 | €3,423 | €3,575 | €3,576 | €3,575 | €3,316 | ▼ 7.2% |
| Operating cash flow (approximation) | €415,542 | €568,844 | €1.4m | €226,901 | €74,824 | ▼ 67.0% |
| Investment in fixed assets (approximation) | - | -€1 | €0 | €0 | €0 | - |
| Change in cash | - | €152,894 | €144,448 | €1.6m | - | - |
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
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 68 days late
2023
31-12
Financial
Highest result since 2020net €1.4m ▲154%
Operating result €1.7m, net result €1.4m, both a record.
31-12
Financial
Equity above €2mEq €2.8m ▲107%
3 profitable years in a row build equity to €2.8m.
27-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 119 days late
2022
31-12
Financial
Equity above €1mEq €1.3m ▲72.9%
2 profitable years in a row build equity to €1.3m.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €412,119
Net result €412,119 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €775,559 ▲113%
Equity rises from €363,439 to €775,559.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Lo-Reninge · 1 establishment unit since 2020
Ground area
7,887 m²
Building footprint
384 m²
Volume, LiDAR
2,609 m³
Parcel 32021D1132/00A002, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Plumeco
since 20202.304.951.810
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32021D1132/00A002 | Flanders | 7,887 m² | 1 · 384 m² | 11.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- DE HEUS VOEDERS BELGIE
- Plumeco
Highest known parent: DE HEUS VOEDERS BELGIE. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLo-Reninge2.304.951.810
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Of 409 companies in sector 46110 we hold annual accounts for 172. 58 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
Founded14-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46110Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0750612922
Also
9925:BE0750612922
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.