PLUSCI
ActiveSummary
PLUSCI has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €120,423 and a net result of -€9,565. Equity has been growing by about 83% per year since 2018. Its solvency ranks better than 54% of 9,457 sector peers (NACE 82, financial year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 18-06-2014 Normal situation
- Activity
- Organisation of conventions and trade shows NACE 82300and 1 other
- Establishment unit
- 2.233.072.731 8700 Tielt, since 04-07-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 20-03-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.1%
- Gross margin
- €30,498
- ▼ 58.5%
- Turnover
- ≈ €69,000
- estimated
- Loss
- €9,565
- Equity
- €120,423
- ▼ 7.4%
- Total assets
- €221,673
- ▼ 24.3%
- 2025 accounts not filed, 95 days past the deadline
Score breakdownraises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed on 29-09-2025)1 financial year not filed after the legal deadline; last filed accounts filed 60 days late; 3 of the last 3 accounts latelowers riskSector: Office administrative, office support and other business support activities (NACE 82)Equity €120,423 (54.3% of total assets)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 55% of them on solvency, 28% on liquidity, 33% on profitability and 29% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 67 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 29-09-2025 PDF all 10 filings
Every figure per financial year
The operating result for 2024 is a loss of €9,093, after a profit of €41,228 in 2023. It is the lowest result since 2020.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €3,837 | €140,039 | €19,288 | €5,833 |
| Financial fixed assets | - | €2,340 | - | - |
| Depreciation and write-downs of the year | €5,668 | €9,944 | €31,007 | €31,363 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Subsidies and aid
European Union, budget
2023 to 2024 · 3 entries · €30,000 in total| Year | Entries | Awarded |
|---|---|---|
| 2024 | 2 | €15,000 |
| 2023 | 1 | €15,000 |
Public contracts
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,678 | €4,616 | €4,886 | €5,668 | €9,944 | €31,007 | €31,363 | ▲ 1.1% |
| Other operating charges640/8 | - | - | - | €1,080 | €1,340 | €1,253 | €8,228 | ▲ 557% |
| Gross operating margin9900 | €12,156 | €8,704 | €29,869 | €24,505 | €132,117 | €73,488 | €30,498 | ▼ 58.5% |
| Operating profit (loss)9901 | €6,550 | €2,982 | €24,013 | €17,756 | €120,833 | €41,228 | -€9,093 | - |
| Financial income75/76B | - | - | - | - | €3 | €146 | €106 | ▼ 27.2% |
| Recurring financial income75 | €0 | - | €24 | - | €3 | €146 | €106 | ▼ 27.2% |
| Financial charges65/66B | - | - | - | €153 | €566 | €610 | €397 | ▼ 34.9% |
| Recurring financial charges65 | €352 | €264 | €138 | €153 | €566 | €610 | €397 | ▼ 34.9% |
| Profit (loss) for the period before taxes9903 | €6,198 | €2,717 | €23,899 | €17,604 | €120,269 | €40,764 | -€9,384 | - |
| Income taxes67/77 | €53 | €405 | €3,491 | €4,796 | €27,019 | €11,341 | €181 | ▼ 98.4% |
| Profit (loss) for the period9904 | €6,146 | €2,312 | €20,408 | €12,808 | €93,250 | €29,423 | -€9,565 | - |
| Profit (loss) for the period to be appropriated9905 | €6,146 | €2,312 | €20,408 | €12,808 | €93,250 | €29,423 | -€9,565 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €55,906 | €46,000 | €56,342 | €67,035 | €253,741 | €292,688 | €221,673 | ▼ 24.3% |
| Fixed assets21/28 | €15,173 | €11,911 | €10,446 | €8,615 | €137,845 | €126,126 | €100,597 | ▼ 20.2% |
| Tangible fixed assets22/27 | €15,173 | €11,911 | €10,446 | €8,615 | €135,505 | €123,786 | €98,257 | ▼ 20.6% |
| Plant, machinery and equipment23 | - | - | - | €667 | €351 | €2,562 | €7,358 | ▲ 187% |
| Furniture and vehicles24 | - | - | - | €7,949 | €106,532 | €86,193 | €59,834 | ▼ 30.6% |
| Other tangible fixed assets26 | - | - | - | - | €28,622 | €35,032 | €31,064 | ▼ 11.3% |
| Financial fixed assets28 | - | - | - | - | €2,340 | €2,340 | €2,340 | = |
| Current assets29/58 | €40,733 | €34,089 | €45,896 | €58,419 | €115,896 | €166,561 | €121,076 | ▼ 27.3% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €3,925 | €563 | ▼ 85.6% |
| Other amounts receivable291 | - | - | - | - | - | €3,925 | €563 | ▼ 85.6% |
| Stocks and contracts in progress3 | - | - | €1,227 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €27,282 | €26,989 | €25,342 | €20,722 | €62,344 | €51,547 | €87,760 | ▲ 70.3% |
| Trade receivables40 | - | - | - | €19,518 | €61,001 | €48,192 | €84,383 | ▲ 75.1% |
| Other amounts receivable41 | - | - | - | €1,204 | €1,343 | €3,355 | €3,377 | ▲ 0.7% |
| Cash at bank and in hand54/58 | €12,084 | €6,609 | €18,692 | €34,286 | €51,583 | €107,405 | €27,736 | ▼ 74.2% |
| Deferred charges and accrued income490/1 | - | - | - | €3,411 | €1,969 | €3,685 | €5,017 | ▲ 36.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €55,906 | €46,000 | €56,342 | €67,035 | €253,741 | €292,688 | €221,673 | ▼ 24.3% |
| Equity10/15 | €5,787 | €8,100 | €24,008 | €35,315 | €114,065 | €129,988 | €120,423 | ▼ 7.4% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | - | - | €4,008 | €15,315 | €94,065 | €109,988 | €109,988 | = |
| Distributable reserves133 | - | - | - | €15,315 | €94,065 | €109,988 | €109,988 | = |
| Profit (loss) carried forward14 | -€14,213 | -€11,900 | - | - | €0 | €0 | -€9,565 | - |
| Amounts payable17/49 | €50,119 | €37,901 | €32,334 | €31,719 | €139,676 | €162,700 | €101,250 | ▼ 37.8% |
| Amounts payable within one year42/48 | €50,119 | €37,817 | €32,023 | €31,409 | €139,650 | €162,157 | €101,250 | ▼ 37.6% |
| Trade debts44 | €5,311 | €5,793 | €2,089 | €1,662 | €66,252 | €28,221 | €21,595 | ▼ 23.5% |
| Suppliers440/4 | - | - | - | €1,662 | €66,252 | €28,221 | €21,595 | ▼ 23.5% |
| Taxes, remuneration and social security45 | - | - | - | €8,152 | €33,273 | €44,674 | €16,389 | ▼ 63.3% |
| Taxes450/3 | - | - | - | €6,163 | €31,284 | €44,674 | €16,389 | ▼ 63.3% |
| Remuneration and social security454/9 | - | - | - | €1,989 | €1,989 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €21,595 | €40,124 | €89,261 | €63,266 | ▼ 29.1% |
| Accrued charges and deferred income492/3 | - | - | - | €311 | €26 | €543 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,146 | €2,312 | €20,408 | €12,808 | €93,250 | €29,423 | -€9,565 | - |
| + Depreciation and write-downs630 | €4,678 | €4,616 | €4,886 | €5,668 | €9,944 | €31,007 | €31,363 | ▲ 1.1% |
| Operating cash flow (approximation) | €10,823 | €6,928 | €25,294 | €18,476 | €103,194 | €60,430 | €21,798 | ▼ 63.9% |
| Investment in fixed assets (approximation) | - | -€1,355 | -€3,421 | -€3,837 | -€139,174 | -€19,288 | -€5,833 | ▲ 69.8% |
| Change in cash | - | -€5,475 | €12,083 | €15,594 | €17,297 | €55,822 | -€79,670 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,908 companies had the same profile as PLUSCI has now. Two years later, 90.9% were still going and 1.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PLUSCI itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for PLUSCI. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 29-09-2025 | 2025-00508632 | |
| 31-12-2023 | micro format | 29-10-2024 | 2024-00517556 | |
| 31-12-2022 | micro format | 10-10-2023 | 2023-00479819 | |
| 31-12-2021 | micro format | 18-10-2022 | 2022-20464622 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-63000066 | |
| 31-12-2019 | micro format | 07-10-2020 | 2020-59800371 | |
| 31-12-2018 | micro format | 21-08-2019 | 2019-48700379 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-59300277 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-49900053 | |
| 31-12-2015 | abbreviated format | 30-08-2016 | 2016-52400514 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 13-12-2023 Converted to unavailable equity · €20,000
- 13-12-2023 Capital conversion · €20,000
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Luc Vandepitte |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Één of meer bestuurders, niet beëindigen zonder tegelijk opvolger te benoemen”
Articles of association, deed of 13-12-2023 (in Dutch)
Network & group
PLUSCI shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of PLUSCI. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
13-12
Gazette deed
Resignation: Luc Vandepitte (director)Reappointment: Luc Vandepitte (director) · Amendment of the articles · Capital conversion12 points ▸
- General meeting, “buitengewone algemene vergadering” (deed in Dutch)
- Amendment of the articles, mentioned 3 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “beschikbaar voor uitkering, vormen en meerderheden van statutenwijziging” (deed in Dutch)
- Other provision, “voorzitter, vrijstelling lezing verslag bestuursorgaan ter rechtvaardiging wijziging voorwerp” (deed in Dutch)
- Purpose change
- Other provision, “inbrengen en aandelen”, 20 (deed in Dutch)
- Director resignation, Luc Vandepitte (director)
- Director reappointment, Luc Vandepitte (director (not named in the articles))
- Other provision, “uitoefening mandaat, kwijting ontslagnemende bestuurder” (deed in Dutch)
- Registered office clause, “Meerlaantjestraat 8,8700 Tielt” (deed in Dutch)
- Power of attorney
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 37302F0109/00F002 | Flanders | 665 m² | 1 · 152 m² | 8.5 m · 2 |