PLUSTECH
ActiveSummary
PLUSTECH has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47,805 and a net result of -€82. Equity has been stable since 2023 (±2.2% per year). Its solvency ranks better than 19% of 2,332 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-03-2022 Normal situation
- Activity
- Manufacture of metal structures and parts of structures NACE 25110and 1 other
- Establishment unit
- 2.329.078.480 3630 Maasmechelen, since 02-03-2022
- Financial year end
- 31 March
- Peppol
- Reachable since 21-10-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.2%
- Gross margin
- €20,580
- ▼ 10.5%
- Turnover
- ≈ €140,000
- estimated
- Loss
- €82
- Equity
- €47,805
- ▼ 0.2%
- Total assets
- €342,065
- ▲ 22.9%
- 2026 accounts not filed, 2 days past the deadline
Score breakdownraises riskFounded in 2022Figures for financial year 2025 (filed on 22-11-2025)lowers riskSize: total assets €342,065Liquidity: current ratio 1.11, cash €75,683Show 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 25, micro). It does better than 17% of them on solvency, 61% on liquidity, 16% on profitability and 34% on growth.
The bankruptcy probability was computed on 01-11-2026 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 3 accounts on average 23 days after the deadline. In the sector (NACE 25), 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 2025, micro format
2025 annual accounts filed 19 days after the deadline Filed on 19 November 2025, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2025-00569207.
Annual accounts 2025 filed on 19-11-2025 PDF all 3 filings
2023 to 2025, 3 financial years
The operating result for 2025 is 13% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|
| Tangible fixed assets | €149,309 | €9,362 | €65,167 |
| Depreciation and write-downs of the year | €5,984 | €7,294 | €7,175 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,984 | €7,294 | €7,175 | ▼ 1.6% |
| Other operating charges640/8 | €10,487 | €1,257 | €793 | ▼ 36.9% |
| Gross operating margin9900 | €61,633 | €22,984 | €20,580 | ▼ 10.5% |
| Operating profit (loss)9901 | €45,162 | €14,433 | €12,612 | ▼ 12.6% |
| Financial income75/76B | €11 | €7 | €17 | ▲ 143% |
| Recurring financial income75 | €11 | €7 | €17 | ▲ 143% |
| Financial charges65/66B | €2,554 | €11,723 | €12,711 | ▲ 8.4% |
| Recurring financial charges65 | €2,554 | €11,723 | €12,711 | ▲ 8.4% |
| Profit (loss) for the period before taxes9903 | €42,619 | €2,717 | -€82 | - |
| Income taxes67/77 | €6,925 | €524 | - | - |
| Profit (loss) for the period9904 | €35,694 | €2,193 | -€82 | - |
| Profit (loss) for the period to be appropriated9905 | €35,694 | €2,193 | -€82 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €251,747 | €278,404 | €342,065 | ▲ 22.9% |
| Fixed assets21/28 | €143,325 | €145,393 | €203,385 | ▲ 39.9% |
| Tangible fixed assets22/27 | €143,325 | €145,393 | €203,385 | ▲ 39.9% |
| Land and buildings22 | €140,899 | €139,757 | €197,083 | ▲ 41.0% |
| Plant, machinery and equipment23 | - | €3,800 | €5,056 | ▲ 33.1% |
| Furniture and vehicles24 | €2,426 | €1,836 | €1,246 | ▼ 32.1% |
| Current assets29/58 | €108,422 | €133,011 | €138,680 | ▲ 4.3% |
| Stocks and contracts in progress3 | €2,091 | €35,408 | €37,349 | ▲ 5.5% |
| Stocks30/36 | €2,091 | €35,408 | €37,349 | ▲ 5.5% |
| Amounts receivable within one year40/41 | €49,642 | €47,126 | €25,648 | ▼ 45.6% |
| Trade receivables40 | €49,642 | €38,331 | €10,820 | ▼ 71.8% |
| Other amounts receivable41 | - | €8,795 | €14,828 | ▲ 68.6% |
| Cash at bank and in hand54/58 | €56,689 | €50,477 | €75,683 | ▲ 49.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €251,747 | €278,404 | €342,065 | ▲ 22.9% |
| Equity10/15 | €45,694 | €47,887 | €47,805 | ▼ 0.2% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Contributions outside capital11 | €10,000 | €10,000 | €10,000 | = |
| Other1109/19 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €35,694 | €37,887 | €37,887 | = |
| Distributable reserves133 | €35,694 | €37,887 | €37,887 | = |
| Profit (loss) carried forward14 | - | - | -€82 | - |
| Amounts payable17/49 | €206,053 | €230,517 | €294,260 | ▲ 27.7% |
| Amounts payable after more than one year17 | €150,000 | €150,000 | €169,071 | ▲ 12.7% |
| Financial debts170/4 | €150,000 | €150,000 | €169,071 | ▲ 12.7% |
| Amounts payable within one year42/48 | €56,053 | €80,517 | €125,189 | ▲ 55.5% |
| Current portion of amounts payable after more than one year42 | - | - | €11,858 | - |
| Trade debts44 | €33,164 | €47,980 | €75,391 | ▲ 57.1% |
| Suppliers440/4 | €33,164 | €47,980 | €75,391 | ▲ 57.1% |
| Taxes, remuneration and social security45 | €789 | €3,157 | €2,915 | ▼ 7.7% |
| Taxes450/3 | €789 | €3,157 | €2,915 | ▼ 7.7% |
| Other amounts payable47/48 | €22,100 | €29,380 | €35,025 | ▲ 19.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,694 | €2,193 | -€82 | - |
| + Depreciation and write-downs630 | €5,984 | €7,294 | €7,175 | ▼ 1.6% |
| Operating cash flow (approximation) | €41,678 | €9,487 | €7,093 | ▼ 25.2% |
| Investment in fixed assets (approximation) | - | -€9,362 | -€65,167 | ▼ 596% |
| Change in cash | - | -€6,212 | €25,206 | - |
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, 1,271 companies had the same profile as PLUSTECH has now. Two years later, 4.1% had gone bankrupt and 93.5% were still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a small loss
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PLUSTECH itself: 1.2% 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 1,271 companies, not a prediction for PLUSTECH. 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.
Board & ownership
Directors
Owners and capital
Owners
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Een of meer bestuurders, algemene vergadering die bestuurder(s) benoemt bepaalt aantal duur opdracht en indien meerdere hun bevoegdheid”“Algemene vergadering beslist of mandaat al dan niet ten kosteloze titel wordt uitgeoefend”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 04-03-2022 (in Dutch)
Network & group
PLUSTECH shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of PLUSTECH. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
04-03
Gazette deed
IncorporationAppointment: CORTVRIENDT André Amedé Marc (director) · Registered office clause · Board rule9 points ▸
- Other provision, “Slot-en overgangsbepalingen-uitwerking, in overeenstemming met wet” (deed in Dutch)
- Registered office clause, “3630 Maasmechelen,Drossaardstraat 24” (deed in Dutch)
- Board rule, 1
- Director appointment, CORTVRIENDT André Amedé Marc (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen die eruit voortvloeien en alle activiteiten ondernomen in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- Incorporation, 25-02-2022
- Founder, CORTVRIENDT André Amedé Marc
- Founding capital, €10,000
- Capital
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
56 activities
- Activiteiten als ingenieur en aanverwante technisch advisering.
- De studie en het opmaken van plannen,ramingen,bestekken en offertes in verband met bouwactiviteiten.
- Het ontwikkelen,kopen en verkopen,in licentie nemen of geven van octrooien,know-how en aanverwante activiteiten.
- Het onderzoek,de ontwikkeling,de vervaardiging of commercialisering van nieuwe producten,nieuwe technologieën en hun toepassing.
- Roerende verhuring en leasing in de ruimste zin van het woord en dit met betrekking tot alle roerende en onroerende goederen van welke aard ook.
- Het tussenkomen in het dagelijkse bestuur en het vertegenwoordigen van bedrijven door ondermeer het uitoefenen van mandaten van bestuurder,zaakvoerder,directeur of vereffenaar.
- Het verwerven van participaties in eender welke vorm in alle bestaande of nog op te richten rechtspersonen en vennootschappen.
- Het ontwerpen,bouwen en installeren van machines voor de industrie.
- Het plaatsen van hijskranen en hijstoestellen in gebouwen,op vrachtwagens en ander rollend materieel.
- De aan en verkoop,in en uitvoer,commissiehandel en vertegenwoordiging van om het even welke goederen m.a.w.tussenpersoon in handel.
- Maken van metalen constructies,monteren en optrekken van metalen constructies of gebinten voor de bouw van residentiële en industriële gebouwen,inclusief volgens de formule sleutel op de deur.
- Het aannemen van en het bouwen,verbouwen,renoveren,slopen en verhandelen van residentiële en industriële gebouwen.
- Het monteren en optrekken van geprefabriceerde gebouwen.
- Bouw van woningen met houten en/of stalen structuur of skelet.
- Het plaatsen van betonnen prefab elementen op de werf.
- Indien de onderneming de eindverantwoordelijkheid heeft over de uitgevoerde werken,kan de afwerking uitgevoerd worden door onderaanneming.
- Het grondverzet graven,ophogen,egaliseren en nivelleren van bouwterreinen,graven van sleuven en geulen.
- De verlaging van het grondwaterpeil en de drainage van bouwterreinen.
- Het optrekken van de ruwbouw van gebouwen en de structuur van cicieltechnische werken,het maken van funderingen,inclusief het gieten van gewapende beton en het uitvoeren van metselwerken.
- De algemene coördinatie van de werkzaamheden op de bouwwerf.
- De bouw van appartementen volgens de formule sleutel op de deur.
- Het optrekken van de ruwbouw van gebouwen voor industrieel of commercieel gebruik.
- De montage van hangars,loodsen,schuren voor landbouwdoeleinden.
- Het plaatsen van gevelbekleding van ongeacht welk materiaal.
- Het plaatsen van dakconstructies in hout en staal.
- Het plaatsen van dakbedekking van ongeacht welk materiaal.
- Het plaatsen van dakgoten,regenafvoerbuizen en riolering alle materialen.
- Het waterdicht maken van daken en dakterrassen.
- Onderneming voor het vlechten van ijzer en aanbrengen van bekisting.
- Onderneming voor het aanbrengen van chape-vloeren.
- Onderneming voor het uitvoeren van voegwerken.
- Onderneming voor de installatie van elektrische bedrading en aanverwante elektrische installaties en domotica systemen.
- Onderneming voor de installatie van hulpvoedingssystemen en generatoren.
- Onderneming voor het plaatsen van trappen,liften en roltrappen.
- Onderneming voor het plaatsen van bewakingssystemen en alarminstallaties.
- Het aanbrengen in gebouwen en technische installaties van thermisch isolatiemateriaal en isolatiemateriaal tegen geluid en trillingen.
- Installatie van verwarming,klimaatregeling en ventilatie.
- De installatie in gebouwen van waterleidingen,apparaten voor sanitair gebruik,sprinklerinstallaties,gasaansluiting,leidingen voor diverse gassen.
- De plaatsing van stores en zonneschermen.
- De plaatsing van lichtreclames en uithangborden.
- Het aanbrengen van pleister- en stukadoorswerk aan binnen en buitenzijde van gebouwen.
- Het plaatsen van tussenwanden en gipsplaten.
- De montage van buiten- en binnenschrijnwerk van hout,kunststof of metaal.
- De installatie van garagepoorten,luiken,zonneblinden,traliewerk,hekken in metaal.
- Montage van serres,verandas in metaal.
- Het aanbrengen in gebouwen en andere bouwwerken van vloer- of wandtegels van keramische stoffen of natuursteen en vloeren in afgewerkt beton.
- Plaatsen van vloerbekleding van hout of andere materialen.
- Het schilderen van het binnen- en buitenwerk van gebouwen,incl.behangen.
- Het behandelen van muren met vochtwerende en waterafstotende producten.
- Het schilderen van metalen constructies.
- Gevelreiniging en reiniging van gebouwen na beëindiging van de bouwwerkzaamheden.
- Het uitvoeren van herstellingswerkzaamheden aan gebouwen en technische installaties van gebouwen en productie-eenheden in de industrie.
- Het uitvoeren van laswerken en het fabriceren van metalen constructies voor de industrie.
- De productie en de montage van industriële productie-eenheden als ook het ombouwen,verplaatsen en slopen van bestaande productie lijnen.
- Handel in onroerende goederen voor eigen rekening.
- Verhuren van werktuigmachines en rollend materieel in de breedste zin van het woord.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0782.785.248
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73048C1960/00G002 | Flanders | 446 m² | 1 · 264 m² | 9.8 m · 2 |