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PLUS MANAGEMENT

Active
Private limited company (pre-2019)founded 200718 yrs activeIndustriestrasse 38, 4700 Eupen, BelgiumKBO/BCE: BE 0894.526.377
Summary

The computed 12-month bankruptcy probability of PLUS MANAGEMENT is 2.7% (moderate). The 2025 annual accounts show negative equity (-€647,422) and a net result of -€2,177. Equity remains stable across the filed fiscal years (±0.5% per year). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit check for your own amount and term

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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 2025
Age of the figures
Age of the figures
9 mo
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · 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
highest failure risk from 2 to 8 years 18 years 0 20 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€647,422
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
27 d late
2024
31 d early
2023
27 d early
2022
95 d late
2021
141 d late
2020
12 d early
2019
4 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 27 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 27 August (4 of the last 5 filed years within 68 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

PLUS MANAGEMENT was incorporated on 20 December 2007.1 The company has filed 18 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€2,177▼ 32.4%
2024 · -€1,644
Working capital
-€647,423▼ 0.3%
2024 · -€645,203
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€3,037▼ 11.2%-€3,257▼ 7.2%-€2,769▲ 15.0%-€1,583▲ 42.9%-€1,625▼ 2.7%
Net result-€3,385▼ 13.6%-€3,299▲ 2.6%-€3,492▼ 5.9%-€1,644▲ 52.9%-€2,177▼ 32.4%
Equity-€636,811▼ 0.5%-€640,110▼ 0.5%-€643,601▼ 0.5%-€645,246▼ 0.3%-€647,422▼ 0.3%
Total assets€87▼ 87.5%€61▼ 30.2%€23▼ 61.2%€538▲ 2,191%€527▼ 2.0%
Debt€636,898▲ 0.4%€640,170▲ 0.5%€643,625▲ 0.5%€645,784▲ 0.3%€647,949▲ 0.3%
Working capital-€636,812▼ 0.5%-€639,874▼ 0.5%-€642,833▼ 0.5%-€645,203▼ 0.4%-€647,423▼ 0.3%
Result per fiscal year
Operating resultNet result
-€4,000-€3,000-€2,000-€1,000€0Operating result 2021: -€3,037-€3,037Net result 2021: -€3,385-€3,385Operating result 2022: -€3,257-€3,257Net result 2022: -€3,299-€3,299Operating result 2023: -€2,769-€2,769Net result 2023: -€3,492-€3,492Operating result 2024: -€1,583-€1,583Net result 2024: -€1,644-€1,644Operating result 2025: -€1,625-€1,625Net result 2025: -€2,177-€2,17720212022202320242025-€4,000-€3,000-€2,000-€1,000€0Operating result 2023: -€2,769-€2,770Net result 2023: -€3,492-€3,490Operating result 2024: -€1,583-€1,580Net result 2024: -€1,644-€1,640Operating result 2025: -€1,625-€1,630Net result 2025: -€2,177-€2,180202320242025
The operating result stays negative: a loss of €1,625 in 2025 against €1,583 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €527
Fixed assets €1 =
Current assets €526 ▼ 2.0%
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€647,949▲
2024 · €645,740
Ratios withheld: a balance sheet total of €527 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
5.8% went bankrupt
8.1% stopped otherwise
85% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.7% 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 497,338 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% 1.9%
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 6,906 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 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€538€527▼
Fixed assets21/28€1€1=
Financial fixed assets28€1€1=
Current assets29/58€537€526▼
Amounts receivable within one year40/41€424€374▼
Other amounts receivable41€424€374▼
Cash at bank and in hand54/58€10€47▲
Deferred charges and accrued income490/1€103€105▲
Equity and liabilities
Total equity and liabilities10/49€538€527▼
Equity10/15-€645,246-€647,422▼
Contributions10/11€60,000€60,000=
Reserves13€1,677€1,677=
Non-distributable reserves130/1€1,677€1,677=
Reserves not available under the articles1311€1,677€1,677=
Profit (loss) carried forward14-€706,923-€709,100▼
Amounts payable17/49€645,784€647,949▲
Amounts payable within one year42/48€645,740€647,949▲
Trade debts44€1,374€1,573▲
Suppliers440/4€1,374€1,573▲
Other amounts payable47/48€644,367€646,377▲
Accrued charges and deferred income492/3€44-
Income statement Code20242025
Other operating charges640/8€387€428▲
Gross operating margin9900-€1,195-€1,197▼
Operating profit (loss)9901-€1,583-€1,625▼
Financial charges65/66B€62€552▲
Recurring financial charges65€62€552▲
Profit (loss) for the period before taxes9903-€1,644-€2,177▼
Profit (loss) for the period9904-€1,644-€2,177▼
Profit (loss) for the period to be appropriated9905-€1,644-€2,177▼
Appropriation of the result
Profit (loss) to be appropriated9906-€706,923-€709,100▼
Profit (loss) brought forward from the previous period14P-€705,279-€706,923▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€360€348€475€387€428▲ 10.5%
Gross operating margin9900-€2,677-€2,909-€2,294-€1,195-€1,197▼ 0.2%
Operating profit (loss)9901-€3,037-€3,257-€2,769-€1,583-€1,625▼ 2.7%
Financial charges65/66B€348€42€723€62€552▲ 791%
Recurring financial charges65€348€42€723€62€552▲ 791%
Profit (loss) for the period before taxes9903-€3,385-€3,299-€3,492-€1,644-€2,177▼ 32.4%
Profit (loss) for the period9904-€3,385-€3,299-€3,492-€1,644-€2,177▼ 32.4%
Profit (loss) for the period to be appropriated9905-€3,385-€3,299-€3,492-€1,644-€2,177▼ 32.4%
Line20212022202320242025Change
Assets
Total assets20/58€87€61€23€538€527▼ 2.0%
Fixed assets21/28€1€1€1€1€1=
Financial fixed assets28€1€1€1€1€1=
Current assets29/58€86€60€22€537€526▼ 2.0%
Amounts receivable within one year40/41---€424€374▼ 11.8%
Other amounts receivable41---€424€374▼ 11.8%
Cash at bank and in hand54/58€86€60€22€10€47▲ 361%
Deferred charges and accrued income490/1---€103€105▲ 2.0%
Equity and liabilities
Total equity and liabilities10/49€87€61€23€538€527▼ 2.0%
Equity10/15-€636,811-€640,110-€643,601-€645,246-€647,422▼ 0.3%
Contributions10/11€60,000€60,000€60,000€60,000€60,000=
Reserves13€1,677€1,677€1,677€1,677€1,677=
Non-distributable reserves130/1€1,677€1,677€1,677€1,677€1,677=
Reserves not available under the articles1311€1,677€1,677€1,677€1,677€1,677=
Profit (loss) carried forward14-€698,488-€701,787-€705,279-€706,923-€709,100▼ 0.3%
Amounts payable17/49€636,898€640,170€643,625€645,784€647,949▲ 0.3%
Amounts payable within one year42/48€636,898€639,933€642,855€645,740€647,949▲ 0.3%
Trade debts44€1,286€1,322€1,539€1,374€1,573▲ 14.5%
Suppliers440/4€1,286€1,322€1,539€1,374€1,573▲ 14.5%
Other amounts payable47/48€635,611€638,611€641,316€644,367€646,377▲ 0.3%
Accrued charges and deferred income492/3-€237€769€44--
Line20212022202320242025Change
Profit (loss) for the period9904-€3,385-€3,299-€3,492-€1,644-€2,177▼ 32.4%
Operating cash flow (approximation)-€3,385-€3,299-€3,492-€1,644-€2,177▼ 32.4%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€26-€37-€12€37▲ 401%

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
27-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · unclassified schema
2024
04-07
NBB filing Annual accounts filed
fiscal year 2023 · unclassified schema
2023
03-11
NBB filing Annual accounts filed
fiscal year 2022 · unclassified schema · 95 days late
2022
19-12
NBB filing Annual accounts filed
fiscal year 2021 · unclassified schema · 141 days late
2021
19-07
NBB filing Annual accounts filed
fiscal year 2020 · unclassified schema
2020
27-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial Weakest financial yearnet -€4,227
Net result drops to -€4,227, the lowest in the series; recovery starts the following year.
21-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 21 days late
2018
13-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
07-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
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.
Location & real-estate footprint
Registered office, Eupen · 1 establishment unit since 2008
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.

Industriestrasse 384700 Eupen
1 establishment unit
PLUS MANAGEMENT
Industriestrasse 38, 4700 EupenActivities of head offices
since 20082.168.701.749

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 1

According to the 2025 annual accounts of PLUS MANAGEMENT and those 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.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded20-12-2007
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0894526377
Also 9925:BE0894526377
Registered 15-04-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.