PLUS AU SUD

Active

Private limited company (pre-2019)founded 199729 yrs activeTroonstraat 141, 1050 Elsene, BelgiumKBO/BCE: BE 0460.207.293

The computed 12-month bankruptcy probability of PLUS AU SUD is 3.1% (moderate). The 2024 annual accounts show equity of €13k and a net result of €-10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 51% of 1763 sector peers (fiscal year 2024). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

49 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability3▼-56

Solvency50=

Growth26▼-16

Track record100

Bankruptcy probability, 12 months

3.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days only on tighter terms

Liquidity ample (current ratio 5.34 against 2.68 in 2023; short-term debt: 15.4% and cash: 55.1% of total assets), but 75.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

24.5%

Return on assets

-19.5%

Age of the figures

21 mo

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-11-2025, 118 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

118 d late

2023

29 d late

2022

91 d late

2021

263 d late

2020

363 d late

2019

151 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

€238k▼ 2.4%

2023 · €244k

2018: €341k 2019: €345k 2020: €117k 2021: €121k 2022: €203k 2023: €244k

2018 → 2024

EBIT margin

-3.4%▼ 3.7pp

2023 · 0.3%

2018: 8.0% 2019: 1.6% 2020: -26.7% 2021: -7.3% 2022: 4.9% 2023: 0.3%

2018 → 2024

Net result

€-10k

2023 · €31k

2018: €15k 2019: €2k 2020: €-36k 2021: €-42k 2022: €9k 2023: €31k

2018 → 2024

Working capital

€35k▼ 36.4%

2023 · €55k

2018: €68k 2019: €68k 2020: €27k 2021: €7k 2022: €15k 2023: €55k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€117k-€121k▲ 3.1%€203k▲ 67.7%€244k▲ 20.5%€238k▼ 2.4%

Equity€26k-€-16k€-8k▲ 52.7%€23k€13k▼ 44.3%

Operating result€-31k-€-9k▲ 71.6%€10k€737▼ 92.6%€-8k

Net result€-36k-€-42k▼ 18.3%€9k€31k▲ 255%€-10k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €8k after €737 in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €52k

17.8%

82.2%

Fixed assets €9k▲ 58.2%

Current assets €43k▼ 51.0%

Equity and liabilities €52k

24.5%

75.5%

Equity €13k▼ 44.3%

Debt €39k▼ 44.1%

The debt ratio stays at 75.5%.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-6k▼

2023 · €6k

Cash flow

€-8k▼

2023 · €36k

Solvency

24.5%▼

2023 · 24.6%

Current ratio

5.34▲

2023 · 2.68

Quick ratio

4.52▲

2023 · 2.55

Debt / equity

3.08▲

2023 · 3.07

ROE

-79.4%▼

2023 · 133.8%

ROA

-19.5%▼

2023 · 32.9%

Interest coverage

-2.34▼

2023 · 2.89

Debt

€39k▼

2023 · €70k

Debt ≤ 1 year

€8k▼

2023 · €33k

Staff costs

€99k▲

2023 · €87k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€93k€52k▼

Fixed assets21/28€6k€9k▲

Intangible fixed assets21€0€5k▲

Tangible fixed assets22/27€5k€3k▼

Plant, machinery and equipment23€4k€2k▼

Furniture and vehicles24€668€1k▲

Financial fixed assets28€1k€1k=

Current assets29/58€87k€43k▼

Stocks and contracts in progress3€4k€7k▲

Stocks30/36€4k€7k▲

Amounts receivable within one year40/41€37k€155▼

Other amounts receivable41€37k€155▼

Cash at bank and in hand54/58€42k€29k▼

Deferred charges and accrued income490/1€4k€7k▲

Equity and liabilities

Total equity and liabilities10/49€93k€52k▼

Equity10/15€23k€13k▼

Contributions10/11€60k€60k=

Capital10€60k€60k=

Issued capital100€60k€60k=

Profit (loss) carried forward14€-37k€-47k▼

Amounts payable17/49€70k€39k▼

Amounts payable within one year42/48€33k€8k▼

Taxes, remuneration and social security45€21k€8k▼

Taxes450/3€11k€5k▼

Remuneration and social security454/9€9k€3k▼

Other amounts payable47/48€12k-

Accrued charges and deferred income492/3€38k€31k▼

Income statement Code20232024

Turnover70€244k€238k▼

Goods, raw materials, services and sundry goods60/61€144k€140k▼

Remuneration, social security and pensions62€87k€99k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€2k▼

Other operating charges640/8€8k€5k▼

Gross operating margin9900€101k€98k▼

Operating profit (loss)9901€737€-8k▼

Financial income75/76B€2€326▲

Recurring financial income75€2€326▲

Financial charges65/66B€2k€2k▲

Recurring financial charges65€2k€2k▲

Profit (loss) for the period before taxes9903€-1k€-10k▼

Income taxes67/77€-32k-

Profit (loss) for the period9904€31k€-10k▼

Profit (loss) for the period to be appropriated9905€31k€-10k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-37k€-47k▼

Profit (loss) brought forward from the previous period14P€-68k€-37k▲

Social balance

Average headcount (FTE)908786,663.088,439.0▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2025

26-11

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 118 days late

2024

29-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 29 days late

2023

31-12

Financial Highest result since 2018net €31k ▲255%

Net result €31k, the highest in the series.

31-12

Financial Liquidity doublescurrent ratio 2.68

Current ratio from 1.24 to 2.68; short-term debt falls from €63k to €33k.

30-10

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 91 days late

20-04

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 263 days late

2022

31-12

Financial Back to profitnet €9k

Net result €9k after 2 loss-making years.

29-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 363 days late

2021

31-12

Financial Weakest financial yearnet €-42k

Net result drops to €-42k, the lowest in the series; recovery starts the following year.

2020

29-12

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 151 days late

20-02

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 204 days late

2018

15-10

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 76 days late

2017

18-10

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 79 days late

14-04

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 257 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2022

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

28-01-2022 Thibaud MBOULE NJAKA: Resigned as Managing director

16-05-2017 Paul JAMOULLE: Resigned as Managing director

Location & real-estate footprint

Registered office, Elsene · 1 establishment unit since 1997

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Troonstraat 1411050 Elsene

Ground area

117 m²

Building footprint

118 m²