PLUTO
ActiveSummary
PLUTO has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €608,761 and a net result of €32,076. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 42% of 154 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▲+8
Solvency75▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 2.22 against 2.5 in 2024; short-term debt: 40.6% and cash: 5.1% of total assets), but 50.1% of the assets are financed with debt.
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Signals
Five 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 13
Relative position
BE, all sectors
reference
Manufacture of textiles (NACE 13)
about 62% 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
49.9%
Return on assets
2.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
38 d early
2023
57 d early
2022
54 d early
2021
32 d early
2020
53 d early
2019
49 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 42 days before the deadline; the sector median for financial year 2024 is 13 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, full schema
In the rankings
#6 oldest company in Ninove, Manufacturing sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€32,076▲ 954%
2024 · €3,044
Working capital
€603,989▲ 2.6%
2024 · €588,477
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€161,544▲ 133%€239,432▲ 48.2%€112,317▼ 53.1%€65,447▼ 41.7%€130,810▲ 99.9%
Net result€74,419▲ 2,284%€141,871▲ 90.6%€51,268▼ 63.9%€3,044▼ 94.1%€32,076▲ 954%
Equity€386,045▲ 10.6%€522,374▲ 35.3%€573,642▲ 9.8%€576,685▲ 0.5%€608,761▲ 5.6%
Total assets€1.1m▲ 21.6%€1.2m▲ 12.2%€1.2m▼ 0.4%€1.1m▼ 6.7%€1.2m▲ 8.9%
Debt€688,642▲ 28.7%€683,076▼ 0.8%€627,116▼ 8.2%€544,172▼ 13.2%€611,961▲ 12.5%
Working capital€411,241▲ 10.0%€460,971▲ 12.1%€579,753▲ 25.8%€588,477▲ 1.5%€603,989▲ 2.6%
Staff (FTE)7.9▼ 10.2%6.8▼ 13.9%7▲ 2.9%6.8▼ 2.9%5.8▼ 14.7%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 100% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€121,013 ▼ 14.2%
Current assets
€1.1m ▲ 12.2%
Equity and liabilities €1.2m
Equity
€608,761 ▲ 5.6%
Debt
€611,961 ▲ 12.5%
Debt's share of the balance-sheet total rises from 48.5% to 50.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€159,796▲
2024 · €97,963
Cash flow
€61,061▲
2024 · €35,560
Current ratio
2.22▼
2024 · 2.50
Quick ratio
0.99▲
2024 · 0.97
Debt to equity
1.01▲
2024 · 0.94
ROE
5.3%▲
2024 · 0.5%
ROA
2.6%▲
2024 · 0.3%
Interest coverage
1.69▲
2024 · 1.05
Debt ≤ 1 year
€495,720▲
2024 · €391,319
Debt > 1 year
€40,309▼
2024 · €66,643
Income taxes
€16,325▲
2024 · €5,284
Staff costs
€408,361▼
2024 · €429,104
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 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 16,986 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €7,562 | €8,123 | €13,476 | ▲ 65.9% |
| Remuneration, social security and pensions62 | €425,105 | €428,415 | €441,380 | €429,104 | €408,361 | ▼ 4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,300 | €31,902 | €37,181 | €32,516 | €28,986 | ▼ 10.9% |
| Other operating charges640/8 | €16,059 | €5,276 | €7,462 | €4,109 | €3,347 | ▼ 18.5% |
| Non-recurring operating charges66A | - | €5,583 | €0 | - | - | - |
| Gross operating margin9900 | €621,008 | €710,608 | €598,339 | €531,176 | €571,504 | ▲ 7.6% |
| Operating profit (loss)9901 | €161,544 | €239,432 | €112,317 | €65,447 | €130,810 | ▲ 99.9% |
| Financial income75/76B | €14,474 | €56,230 | €54,287 | €36,532 | €12,358 | ▼ 66.2% |
| Recurring financial income75 | €14,474 | €56,230 | €54,287 | €36,532 | €12,358 | ▼ 66.2% |
| Financial charges65/66B | €86,472 | €92,869 | €93,035 | €93,652 | €94,767 | ▲ 1.2% |
| Recurring financial charges65 | €86,472 | €92,869 | €93,035 | €93,652 | €94,767 | ▲ 1.2% |
| Profit (loss) for the period before taxes9903 | €89,546 | €202,793 | €73,569 | €8,327 | €48,401 | ▲ 481% |
| Income taxes67/77 | €15,127 | €60,922 | €22,301 | €5,284 | €16,325 | ▲ 209% |
| Profit (loss) for the period9904 | €74,419 | €141,871 | €51,268 | €3,044 | €32,076 | ▲ 954% |
| Profit (loss) for the period to be appropriated9905 | €74,419 | €141,871 | €51,268 | €3,044 | €32,076 | ▲ 954% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.2m | €1.2m | €1.1m | €1.2m | ▲ 8.9% |
| Fixed assets21/28 | €183,352 | €191,144 | €169,017 | €141,062 | €121,013 | ▼ 14.2% |
| Tangible fixed assets22/27 | €170,039 | €175,617 | €157,191 | €127,686 | €109,788 | ▼ 14.0% |
| Plant, machinery and equipment23 | €36,394 | €39,245 | €31,203 | €23,618 | €16,252 | ▼ 31.2% |
| Furniture and vehicles24 | €24,248 | €34,181 | €31,732 | €22,483 | €24,622 | ▲ 9.5% |
| Other tangible fixed assets26 | €109,397 | €102,190 | €94,255 | €81,584 | €68,914 | ▼ 15.5% |
| Financial fixed assets28 | €13,313 | €15,526 | €11,826 | €13,376 | €11,225 | ▼ 16.1% |
| Current assets29/58 | €891,336 | €1.0m | €1.0m | €979,796 | €1.1m | ▲ 12.2% |
| Stocks and contracts in progress3 | €535,536 | €507,965 | €609,713 | €599,175 | €606,940 | ▲ 1.3% |
| Stocks30/36 | €535,536 | €507,965 | €609,713 | €599,175 | €606,940 | ▲ 1.3% |
| Amounts receivable within one year40/41 | €192,275 | €361,862 | €299,510 | €290,366 | €354,749 | ▲ 22.2% |
| Trade receivables40 | €178,503 | €251,994 | €264,610 | €246,794 | €300,984 | ▲ 22.0% |
| Other amounts receivable41 | €13,771 | €109,868 | €34,901 | €43,572 | €53,765 | ▲ 23.4% |
| Cash at bank and in hand54/58 | €116,770 | €117,157 | €63,915 | €27,777 | €62,396 | ▲ 125% |
| Deferred charges and accrued income490/1 | €46,755 | €27,323 | €58,602 | €62,478 | €75,624 | ▲ 21.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.2m | €1.2m | €1.1m | €1.2m | ▲ 8.9% |
| Equity10/15 | €386,045 | €522,374 | €573,642 | €576,685 | €608,761 | ▲ 5.6% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Capital10 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Issued capital100 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Reserves13 | €179,961 | €316,290 | €367,558 | €367,558 | €399,634 | ▲ 8.7% |
| Non-distributable reserves130/1 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Legal reserve130 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Distributable reserves133 | €159,961 | €296,290 | €347,558 | €347,558 | €379,634 | ▲ 9.2% |
| Profit (loss) carried forward14 | €6,084 | €6,084 | €6,084 | €9,128 | €9,128 | = |
| Amounts payable17/49 | €688,642 | €683,076 | €627,116 | €544,172 | €611,961 | ▲ 12.5% |
| Amounts payable after more than one year17 | €150,748 | €120,613 | €92,552 | €66,643 | €40,309 | ▼ 39.5% |
| Financial debts170/4 | €7,619 | €2,567 | €0 | - | - | - |
| Trade debts175 | - | €118,046 | €92,552 | €66,643 | €40,309 | ▼ 39.5% |
| Other amounts payable178/9 | €143,129 | - | - | - | - | - |
| Amounts payable within one year42/48 | €480,095 | €553,336 | €451,988 | €391,319 | €495,720 | ▲ 26.7% |
| Current portion of amounts payable after more than one year42 | €30,290 | €30,136 | €28,060 | €25,910 | €26,333 | ▲ 1.6% |
| Financial debts43 | €18,381 | €18,388 | €18,487 | €10,000 | €170,000 | ▲ 1,600% |
| Credit institutions430/8 | €18,381 | €18,388 | €18,487 | €10,000 | €170,000 | ▲ 1,600% |
| Trade debts44 | €324,065 | €430,021 | €354,158 | €311,233 | €232,340 | ▼ 25.3% |
| Suppliers440/4 | €324,065 | €430,021 | €354,158 | €311,233 | €232,340 | ▼ 25.3% |
| Taxes, remuneration and social security45 | €70,013 | €69,248 | €51,283 | €44,176 | €67,047 | ▲ 51.8% |
| Taxes450/3 | €27,617 | €21,237 | €4,880 | €10,142 | €26,625 | ▲ 163% |
| Remuneration and social security454/9 | €42,396 | €48,011 | €46,403 | €34,034 | €40,421 | ▲ 18.8% |
| Other amounts payable47/48 | €37,346 | €5,543 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | €57,799 | €9,127 | €82,575 | €86,211 | €75,932 | ▼ 11.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €74,419 | €141,871 | €51,268 | €3,044 | €32,076 | ▲ 954% |
| + Depreciation and write-downs630 | €18,300 | €31,902 | €37,181 | €32,516 | €28,986 | ▼ 10.9% |
| Operating cash flow (approximation) | €92,719 | €173,773 | €88,449 | €35,560 | €61,061 | ▲ 71.7% |
| Investment in fixed assets (approximation) | - | -€39,693 | -€15,055 | -€4,561 | -€8,937 | ▼ 95.9% |
| Change in cash | - | €386 | -€53,241 | -€36,139 | €34,619 | ▲ 196% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €141,871 ▲90.6%
Operating result €239,432, net result €141,871, both a record.
31-12
Financial
Equity above €500,000Eq €522,374 ▲35.3%
4 profitable years in a row build equity to €522,374.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €1,395
Net result €1,395 after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Ninove · 1 establishment unit since 1976
Ground area
2,303 m²
Building footprint
650 m²
Volume, LiDAR
2,636 m³
Parcel 41362B0119/00Z000, Flanders · tallest building 11.7 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
PLUTO
since 19762.118.995.286
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41362B0119/00Z000 | Flanders | 2,302 m² | 1 · 650 m² | 11.7 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 29,161 EUR awarded · 29,161 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 11,772 EUR | 13,476 EUR |
| 2024 | 1 | 9,827 EUR | 8,123 EUR |
| 2023 | 1 | 7,562 EUR | 7,562 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
5493004I5UWDK0CX0F05
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Of 598 companies in sector 13929 we hold annual accounts for 236. 173 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-12-1975
Fiscal year end31-12
Activities, NACEBEL 2025
13929Manufacture of textiles
14220Manufacture of wearing apparel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0415621046
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.