PLUS MINUS
ActiveSummary
PLUS MINUS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.7m and a net result of -€190,059. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 79% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability15▼-6
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €320,000 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.52 in 2024; short-term debt: 8.2% and cash: 0% of total assets), and 18.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
81.9%
Return on assets
-3.3%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
1 d early
2023
40 d early
2022
3 d early
2021
31 d late
2020
32 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€4.7m▲ 27.1%
2024 · €3.7m
Total assets
€5.7m▲ 19.1%
2024 · €4.8m
Net result
-€190,059▼ 359%
2024 · -€41,383
Working capital
€101,022▼ 59.7%
2024 · €250,849
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€111,280-€114,034▼ 2.5%€702€11,707▲ 1,568%-€73,642
Net result€1.3mabove the sector's middle half€224,773above the sector's middle half▼ 83.1%-€62,138below the sector's middle half-€41,383below the sector's middle half▲ 33.4%-€190,059below the sector's middle half▼ 359%
Equity€3.7mabove the sector's middle half▲ 55.8%€3.9mabove the sector's middle half▲ 6.1%€3.7mabove the sector's middle half▼ 5.3%€3.7mabove the sector's middle half▼ 1.1%€4.7mabove the sector's middle half▲ 27.1%
Total assets€5.4mabove the sector's middle half▲ 43.1%€5.3mabove the sector's middle half▼ 2.0%€5.2mabove the sector's middle half▼ 2.3%€4.8mabove the sector's middle half▼ 7.0%€5.7mabove the sector's middle half▲ 19.1%
Debt€1.3m▲ 40.7%€985,390▼ 25.4%€1.1m▲ 8.6%€751,036▼ 29.8%€670,314▼ 10.7%
Working capital€850,963▼ 37.1%€703,663▼ 17.3%€353,978▼ 49.7%€250,849▼ 29.1%€101,022▼ 59.7%
Solvency68.8%within the sector's middle half▲ 5.6pp74.5%within the sector's middle half▲ 5.7pp72.2%within the sector's middle half▼ 2.3pp76.8%within the sector's middle half▲ 4.6pp81.9%above the sector's middle half▲ 5.1pp
Staff (FTE)0below the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €73,642 after €11,707 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.7m
Fixed assets
€5.1m ▲ 26.5%
Current assets
€569,838 ▼ 22.2%
Equity and liabilities €5.7m
Equity
€4.7m ▲ 27.1%
Provisions
€363,208 =
Debt
€670,314 ▼ 10.7%
Debt's share of the balance-sheet total falls from 15.6% to 11.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€63,780▼
2024 · €21,347
Cash flow
-€180,197▼
2024 · -€31,742
Current ratio
1.22▼
2024 · 1.52
Debt to equity
0.14▼
2024 · 0.20
ROE
-4.1%▼
2024 · -1.1%
ROA
-3.3%▼
2024 · -0.9%
Interest coverage
-3.94▼
2024 · 0.45
Debt ≤ 1 year
€468,816▼
2024 · €481,569
Debt > 1 year
€200,477▼
2024 · €257,412
Income taxes
€231▼
2024 · €391
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | €3,283 | €0 | €2,909 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,508 | €12,557 | €12,325 | €9,640 | €9,862 | ▲ 2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €41,127 | €3,327 | €0 | - | €10,801 | - |
| Other operating charges640/8 | €2,064 | €2,033 | €1,892 | €1,925 | €2,410 | ▲ 25.2% |
| Gross operating margin9900 | -€55,582 | -€96,116 | €14,919 | €23,272 | -€50,568 | ▼ 317% |
| Operating profit (loss)9901 | -€111,280 | -€114,034 | €702 | €11,707 | -€73,642 | ▼ 729% |
| Financial income75/76B | €1.4m | €374,313 | €3,995 | €373,238 | €13 | ▼ 100.0% |
| Recurring financial income75 | €1.4m | €374,313 | €3,995 | €373,238 | €13 | ▼ 100.0% |
| Financial charges65/66B | €31,161 | €35,357 | €66,409 | €425,936 | €116,199 | ▼ 72.7% |
| Recurring financial charges65 | €31,161 | €35,357 | €66,409 | €47,936 | €16,199 | ▼ 66.2% |
| Non-recurring financial charges66B | - | - | - | €378,000 | €100,000 | ▼ 73.5% |
| Profit (loss) for the period before taxes9903 | €1.3m | €224,922 | -€61,712 | -€40,991 | -€189,827 | ▼ 363% |
| Transfer from deferred taxes780 | €87,022 | €0 | - | - | - | - |
| Income taxes67/77 | €9,946 | €149 | €426 | €391 | €231 | ▼ 40.9% |
| Profit (loss) for the period9904 | €1.3m | €224,773 | -€62,138 | -€41,383 | -€190,059 | ▼ 359% |
| Transfer from tax-exempt reserves789 | €261,065 | €0 | - | - | - | - |
| Transfer to tax-exempt reserves689 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.6m | €224,773 | -€62,138 | -€41,383 | -€190,059 | ▼ 359% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.4m | €5.3m | €5.2m | €4.8m | €5.7m | ▲ 19.1% |
| Fixed assets21/28 | €4.4m | €4.5m | €4.5m | €4.1m | €5.1m | ▲ 26.5% |
| Tangible fixed assets22/27 | €344,778 | €332,221 | €319,895 | €310,255 | €302,054 | ▼ 2.6% |
| Land and buildings22 | €339,176 | €329,536 | €319,895 | €310,255 | €300,615 | ▼ 3.1% |
| Furniture and vehicles24 | €0 | - | - | - | €1,440 | - |
| Other tangible fixed assets26 | €5,602 | €2,685 | €0 | - | - | - |
| Financial fixed assets28 | €4.0m | €4.1m | €4.1m | €3.8m | €4.8m | ▲ 28.9% |
| Current assets29/58 | €1.0m | €815,275 | €705,737 | €732,418 | €569,838 | ▼ 22.2% |
| Amounts receivable after more than one year29 | €0 | - | - | - | - | - |
| Other amounts receivable291 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €759,751 | €688,495 | €698,297 | €686,225 | €565,407 | ▼ 17.6% |
| Trade receivables40 | €80,150 | €5,050 | €29,606 | €33,799 | €23,357 | ▼ 30.9% |
| Other amounts receivable41 | €679,601 | €683,444 | €668,692 | €652,426 | €542,050 | ▼ 16.9% |
| Current investments50/53 | €233,174 | €117,153 | €284 | €31,872 | €519 | ▼ 98.4% |
| Cash at bank and in hand54/58 | €14,045 | €2,137 | €631 | €11,491 | €1,486 | ▼ 87.1% |
| Deferred charges and accrued income490/1 | €5,706 | €7,490 | €6,525 | €2,830 | €2,427 | ▼ 14.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.4m | €5.3m | €5.2m | €4.8m | €5.7m | ▲ 19.1% |
| Equity10/15 | €3.7m | €3.9m | €3.7m | €3.7m | €4.7m | ▲ 27.1% |
| Contributions10/11 | €1.5m | €1.5m | €1.5m | €1.5m | €2.7m | ▲ 79.9% |
| Reserves13 | €2.2m | €2.4m | €2.2m | €2.2m | €2.0m | ▼ 8.6% |
| Non-distributable reserves130/1 | €46,515 | €46,515 | €46,515 | €46,515 | €46,515 | = |
| Reserves not available under the articles1311 | €46,515 | €46,515 | €46,515 | €46,515 | €46,515 | = |
| Tax-exempt reserves132 | €14,000 | €14,000 | €14,000 | €14,000 | €14,000 | = |
| Distributable reserves133 | €2.2m | €2.4m | €2.2m | €2.1m | €1.9m | ▼ 8.9% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | - | - |
| Provisions and deferred taxes16 | €363,208 | €363,208 | €363,208 | €363,208 | €363,208 | = |
| Provisions for liabilities and charges160/5 | €363,208 | €363,208 | €363,208 | €363,208 | €363,208 | = |
| Pensions and similar obligations160 | €363,208 | €363,208 | €363,208 | €363,208 | €363,208 | = |
| Deferred taxes168 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €1.3m | €985,390 | €1.1m | €751,036 | €670,314 | ▼ 10.7% |
| Amounts payable after more than one year17 | €1.1m | €844,733 | €699,801 | €257,412 | €200,477 | ▼ 22.1% |
| Financial debts170/4 | €286,586 | €263,861 | €344,429 | €257,412 | €200,477 | ▼ 22.1% |
| Other amounts payable178/9 | €846,372 | €580,872 | €355,372 | €0 | - | - |
| Amounts payable within one year42/48 | €161,712 | €111,612 | €351,759 | €481,569 | €468,816 | ▼ 2.6% |
| Current portion of amounts payable after more than one year42 | €22,401 | €22,725 | €82,781 | €88,891 | €56,935 | ▼ 36.0% |
| Financial debts43 | - | €777 | €450 | €7 | €1,976 | ▲ 28,175% |
| Credit institutions430/8 | - | €777 | €450 | €7 | €1,976 | ▲ 28,175% |
| Trade debts44 | €107,456 | €14,525 | €21,485 | €22,667 | €42,014 | ▲ 85.3% |
| Suppliers440/4 | €107,456 | €14,525 | €21,485 | €22,667 | €42,014 | ▲ 85.3% |
| Taxes, remuneration and social security45 | €146 | €2,128 | €2,292 | €2,428 | €227 | ▼ 90.6% |
| Taxes450/3 | €146 | €985 | €774 | €2,428 | €227 | ▼ 90.6% |
| Remuneration and social security454/9 | - | €1,143 | €1,518 | €0 | - | - |
| Other amounts payable47/48 | €31,709 | €71,457 | €244,751 | €367,576 | €367,664 | = |
| Accrued charges and deferred income492/3 | €25,449 | €29,044 | €19,053 | €12,055 | €1,021 | ▼ 91.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.3m | €224,773 | -€62,138 | -€41,383 | -€190,059 | ▼ 359% |
| + Depreciation and write-downs630 | €12,508 | €12,557 | €12,325 | €9,640 | €9,862 | ▲ 2.3% |
| Operating cash flow (approximation) | €1.3m | €237,330 | -€49,813 | -€31,742 | -€180,197 | ▼ 468% |
| Investment in fixed assets (approximation) | - | -€100,000 | €0 | €378,000 | -€1.1m | ▼ 388% |
| Change in cash | - | -€11,907 | -€1,507 | €10,860 | -€10,005 | ▼ 192% |
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
21-09
State Gazette act
Director resignation
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Back to profitnet €1.3m
Net result €1.3m after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€255,912
Net result drops to -€255,912, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 9 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Antwerpen · 1 establishment unit since 1996
Ground area
6,079 m²
Building footprint
794 m²
Volume, LiDAR
9,440 m³
Parcel 11303B0410/00G000, Flanders · tallest building 20.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PLUS MINUS
since 19962.075.189.888
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303B0410/00G000 | Flanders | 6,079 m² | 1 · 794 m² | 20.7 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
3 holdings · 2 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 3
-
100%
- Sourceown accounts 202550%
- BIO POLYMER TECHNOLOGIES LTDILSourceown accounts 202519.46%
All subsidiaries, including indirect ones 2
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
FP140 100%1 subsidiary
- ATELIER HAIDER ACKERMANN 94.65%
According to the 2025 annual accounts of PLUS MINUS 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 11,803 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
Founded25-01-1996
Fiscal year end31-12
Trade name NL
+ -
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457119725
Also
9925:BE0457119725
Registered
25-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.