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PLUS-U

Active
Private limited companyfounded 20205 yrs activeZuiderlaan 1-3, 9000 Gent, BelgiumKBO/BCE: BE 0756.840.322
Summary

The computed 12-month bankruptcy probability of PLUS-U is 2.8% (moderate). The 2024 annual accounts show negative equity (-€214,381) and a net result of -€214,422. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 9636 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability0▼-18
Solvency8▼-17
Growth32=
Track record94
Bankruptcy probability, 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.84 against 0.99 in 2023; short-term debt: 116.5% and cash: 0% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
-16.8%
Return on assets
-16.8%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
21222324
2021 to 2024 · latest year -€214,381
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 4 filings
Deviation from the deadline
2025
not confirmed
2024
61 d late
2023
181 d late
2022
29 d late
2021
52 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 81 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
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-U was incorporated on 21 October 2020 as a Private limited company.1 Total assets rose from EUR 11,930 in 2021 to EUR 1.3 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
-€214,381
2023 · €41
Total assets
€1.3m▲ 48.3%
2023 · €860,549
Net result
-€214,422▼ 4,864%
2023 · -€4,319
Working capital
-€236,971▼ 4,006%
2023 · -€5,772
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line2021202220232024
Operating result-€1,035--€4,340▼ 319%-€4,287▲ 1.2%-€212,569▼ 4,858%
Net result-€1,120below the sector's middle half--€4,520below the sector's middle half▼ 304%-€4,319below the sector's middle half▲ 4.4%-€214,422below the sector's middle half▼ 4,864%
Equity€8,880below the sector's middle half-€4,360below the sector's middle half▼ 50.9%€41below the sector's middle half▼ 99.1%-€214,381below the sector's middle half
Total assets€11,930below the sector's middle half-€5,450below the sector's middle half▼ 54.3%€860,549within the sector's middle half▲ 15,689%€1.3mwithin the sector's middle half▲ 48.3%
Debt€3,050-€1,090▼ 64.3%€860,507▲ 78,860%€1.5m▲ 73.2%
Working capital€8,191below the sector's middle half-€1,546below the sector's middle half▼ 81.1%-€5,772below the sector's middle half-€236,971below the sector's middle half▼ 4,006%
Solvency74.4%above the sector's middle half-80.0%above the sector's middle half▲ 5.6pp0.0%below the sector's middle half▼ 80.0pp-16.8%below the sector's middle half▼ 16.8pp
Current ratio3.69above the sector's middle half-2.42within the sector's middle half▼ 1.270.99below the sector's middle half▼ 1.430.84below the sector's middle half▼ 0.15
Return on assets (ROA)-9.4%below the sector's middle half--82.9%below the sector's middle half▼ 73.5pp-0.5%below the sector's middle half▲ 82.4pp-16.8%below the sector's middle half▼ 16.3pp
Staff (FTE)3.6within the sector's middle half
above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€300,000-€200,000-€100,000€0Operating result 2021: -€1,035-€1,035Net result 2021: -€1,120-€1,120Operating result 2022: -€4,340-€4,340Net result 2022: -€4,520-€4,520Operating result 2023: -€4,287-€4,287Net result 2023: -€4,319-€4,319Operating result 2024: -€212,569-€212,569Net result 2024: -€214,422-€214,4222021202220232024-€300,000-€200,000-€100,000€0Operating result 2022: -€4,340-€4,340Net result 2022: -€4,520-€4,520Operating result 2023: -€4,287-€4,290Net result 2023: -€4,319-€4,320Operating result 2024: -€212,569-€213,000Net result 2024: -€214,422-€214,000202220232024
The operating result stays negative: a loss of €212,569 in 2024 against €4,287 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets €25,107 ▲ 275%
Current assets €1.2m ▲ 46.7%
Key figures and ratios
2024 value · change against 2023
EBITDA
-€208,479▼
2023 · -€2,736
Cash flow
-€210,332▼
2023 · -€2,768
Quick ratio
0.83▼
2023 · 0.99
Debt to equity
-6.95
Interest coverage
-112.51▼
2023 · -84.89
Debt ≤ 1 year
€1.5m▲
2023 · €857,507
Staff costs
€159,524
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,038 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 82% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
7.3% went bankrupt
8.2% stopped otherwise
82% still going

A further 2.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,038 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 · 2024 against 2023 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€860,549€1.3m▲
Formation expenses20€2,119€1,423▼
Fixed assets21/28€6,694€25,107▲
Intangible fixed assets21€6,694€16,946▲
Tangible fixed assets22/27-€8,162
Plant, machinery and equipment23-€8,162
Current assets29/58€851,736€1.2m▲
Stocks and contracts in progress3€525€8,838▲
Stocks30/36€525€8,838▲
Amounts receivable within one year40/41€818,796€1.2m▲
Trade receivables40€10,946€224,735▲
Other amounts receivable41€807,849€1.0m▲
Cash at bank and in hand54/58€29,915€264▼
Deferred charges and accrued income490/1€2,500-
Equity and liabilities
Total equity and liabilities10/49€860,549€1.3m▲
Equity10/15€41-€214,381▼
Contributions10/11€10,000€10,000=
Profit (loss) carried forward14-€9,959-€224,381▼
Amounts payable17/49€860,507€1.5m▲
Amounts payable within one year42/48€857,507€1.5m▲
Financial debts43€200,000€200,000=
Other loans439€200,000€200,000=
Trade debts44€7,507€61,415▲
Suppliers440/4€7,507€61,415▲
Taxes, remuneration and social security45-€89,814
Taxes450/3-€17,292
Remuneration and social security454/9-€72,521
Other amounts payable47/48€650,000€1.1m▲
Accrued charges and deferred income492/3€3,000€3,940▲
Income statement Code20232024
Remuneration, social security and pensions62-€159,524
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,551€4,090▲
Other operating charges640/8€132€141▲
Gross operating margin9900-€2,604-€48,815▼
Operating profit (loss)9901-€4,287-€212,569▼
Financial charges65/66B€32€1,853▲
Recurring financial charges65€32€1,853▲
Profit (loss) for the period before taxes9903-€4,319-€214,422▼
Profit (loss) for the period9904-€4,319-€214,422▼
Profit (loss) for the period to be appropriated9905-€4,319-€214,422▼
Appropriation of the result
Profit (loss) to be appropriated9906-€9,959-€224,381▼
Profit (loss) brought forward from the previous period14P-€5,640-€9,959▼
Social balance
Average headcount (FTE)9087-3.6

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

Line2021202220232024Change
Remuneration, social security and pensions62---€159,524-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€225€435€1,551€4,090▲ 164%
Other operating charges640/8-€1,169€132€141▲ 6.7%
Gross operating margin9900-€810-€2,735-€2,604-€48,815▼ 1,774%
Operating profit (loss)9901-€1,035-€4,340-€4,287-€212,569▼ 4,858%
Financial charges65/66B€85€180€32€1,853▲ 5,649%
Recurring financial charges65€85€180€32€1,853▲ 5,649%
Profit (loss) for the period before taxes9903-€1,120-€4,520-€4,319-€214,422▼ 4,864%
Profit (loss) for the period9904-€1,120-€4,520-€4,319-€214,422▼ 4,864%
Profit (loss) for the period to be appropriated9905-€1,120-€4,520-€4,319-€214,422▼ 4,864%
Line2021202220232024Change
Assets
Total assets20/58€11,930€5,450€860,549€1.3m▲ 48.3%
Formation expenses20€689€2,815€2,119€1,423▼ 32.9%
Fixed assets21/28--€6,694€25,107▲ 275%
Intangible fixed assets21--€6,694€16,946▲ 153%
Tangible fixed assets22/27---€8,162-
Plant, machinery and equipment23---€8,162-
Current assets29/58€11,241€2,636€851,736€1.2m▲ 46.7%
Stocks and contracts in progress3€525€525€525€8,838▲ 1,583%
Stocks30/36€525€525€525€8,838▲ 1,583%
Amounts receivable within one year40/41€3,084€1,859€818,796€1.2m▲ 51.5%
Trade receivables40€3,084€1,465€10,946€224,735▲ 1,953%
Other amounts receivable41-€394€807,849€1.0m▲ 25.7%
Cash at bank and in hand54/58€7,632€252€29,915€264▼ 99.1%
Deferred charges and accrued income490/1--€2,500--
Equity and liabilities
Total equity and liabilities10/49€11,930€5,450€860,549€1.3m▲ 48.3%
Equity10/15€8,880€4,360€41-€214,381▼ 519,938%
Contributions10/11€10,000€10,000€10,000€10,000=
Profit (loss) carried forward14-€1,120-€5,640-€9,959-€224,381▼ 2,153%
Amounts payable17/49€3,050€1,090€860,507€1.5m▲ 73.2%
Amounts payable within one year42/48€3,050€1,090€857,507€1.5m▲ 73.4%
Financial debts43--€200,000€200,000=
Other loans439--€200,000€200,000=
Trade debts44€3,050€1,090€7,507€61,415▲ 718%
Suppliers440/4€3,050€1,090€7,507€61,415▲ 718%
Taxes, remuneration and social security45---€89,814-
Taxes450/3---€17,292-
Remuneration and social security454/9---€72,521-
Other amounts payable47/48--€650,000€1.1m▲ 74.7%
Accrued charges and deferred income492/3--€3,000€3,940▲ 31.3%
Line2021202220232024Change
Profit (loss) for the period9904-€1,120-€4,520-€4,319-€214,422▼ 4,864%
+ Depreciation and write-downs630€225€435€1,551€4,090▲ 164%
Operating cash flow (approximation)-€895-€4,085-€2,768-€210,332▼ 7,498%
Investment in fixed assets (approximation)----€22,503-
Change in cash--€7,381€29,664-€29,651▼ 200%

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

2025
30-09
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
28-01
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 181 days late
2024
31-12
Financial Weakest financial yearnet -€214,422
Net result drops to -€214,422, the lowest in the series.
2023
29-08
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
21-09
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Gent · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
2,736 m²
Building footprint
637 m²
Volume, LiDAR
9,321 m³
Parcel 44809B0661/00Y002, Flanders · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
26 companies at this address See who is registered here
1 establishment unit
PLUS-U
Zuiderlaan 1 - 3, 9000 GentManufacture of chemicals and chemical products
since 20202.309.096.183
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44809B0661/00Y002 Flanders 2,736 m² 1 · 637 m² 18.4 m · 5 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded21-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46460Wholesale of pharmaceutical and medical goods
47783Retail trade
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
82990Other business support services
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 27 September 2026 · Peppol Directory

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