PMPlus
ActiveSummary
PMPlus has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32k and a net result of €5k. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 35% of 405 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▲+12
Solvency48▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 2.2 in 2024; short-term debt: 55.5% and cash: 7.1% of total assets), but 76.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Manufacture of furniture (NACE 31)
about 43% more 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
23.3%
Return on assets
3.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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 · 10 filingsDeviation from the deadline
2025
17 d late
2024
6 d late
2023
13 d late
2022
30 d late
2021
31 d late
2020
30 d late
2019
151 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€32k▲ 19.7%
2024 · €27k
2018: €11k
2019: €17k▲ +54.9% vs 2018
2020: €17k● -0.0% vs 2019
2021: €9k▼ -43.6% vs 2020lowest in 8 years
2022: €10k▲ +2.4% vs 2021
2023: €26k▲ +173% vs 2022
2024: €27k▲ +1.6% vs 2023
2025: €32k▲ +19.7% vs 2024highest in 8 years
2018 → 2025
Total assets
€137k▲ 41.4%
2024 · €97k
2018: €51k
2019: €51k▼ -0.1% vs 2018lowest in 8 years
2020: €88k▲ +73.3% vs 2019
2021: €85k▼ -3.1% vs 2020
2022: €81k▼ -5.5% vs 2021
2023: €85k▲ +5.0% vs 2022
2024: €97k▲ +14.3% vs 2023
2025: €137k▲ +41.4% vs 2024highest in 8 years
2018 → 2025
Net result
€5k▲ 1,152%
2024 · €419
2018: €-4k
2019: €6k▲ +238% vs 2018
2020: €-7k▼ -218% vs 2019lowest in 8 years
2021: €-268▲ +96.2% vs 2020
2022: €225▲ +184% vs 2021
2023: €17k▲ +7317% vs 2022highest in 8 years
2024: €419▼ -97.5% vs 2023
2025: €5k▲ +1152% vs 2024
2018 → 2025
Working capital
€40k▼ 8.2%
2024 · €43k
2018: €30k
2019: €39k▲ +29.0% vs 2018
2020: €47k▲ +21.2% vs 2019highest in 8 years
2021: €34k▼ -26.9% vs 2020
2022: €29k▼ -14.5% vs 2021lowest in 8 years
2023: €39k▲ +33.7% vs 2022
2024: €43k▲ +9.3% vs 2023
2025: €40k▼ -8.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9k-€10k▲ 2.4%€26k▲ 173%€27k▲ 1.6%€32k▲ 19.7%
2021: €9klowest in 5 years
2022: €10k▲ +2.4% vs 2021
2023: €26k▲ +173% vs 2022
2024: €27k▲ +1.6% vs 2023
2025: €32k▲ +19.7% vs 2024highest in 5 years
Operating result€5k-€3k▼ 43.6%€28k▲ 882%€5k▼ 83.8%€13k▲ 178%
2021: €5k
2022: €3k▼ -43.6% vs 2021lowest in 5 years
2023: €28k▲ +882% vs 2022highest in 5 years
2024: €5k▼ -83.8% vs 2023
2025: €13k▲ +178% vs 2024
Net result€-268-€225€17k▲ 7,317%€419▼ 97.5%€5k▲ 1,152%
2021: €-268lowest in 5 years
2022: €225▲ +184% vs 2021
2023: €17k▲ +7317% vs 2022highest in 5 years
2024: €419▼ -97.5% vs 2023
2025: €5k▲ +1152% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 178% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €137k
Fixed assets
€21k ▲ 20.1%
Current assets
€115k ▲ 46.2%
Equity and liabilities €137k
Equity
€32k ▲ 19.7%
Debt
€105k ▲ 49.7%
Debt's share of the balance-sheet total rises from 72.4% to 76.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22k▲
2024 · €14k
Cash flow
€14k▲
2024 · €10k
Current ratio
1.52▼
2024 · 2.20
Quick ratio
1.27▼
2024 · 1.82
Debt to equity
3.28▲
2024 · 2.62
ROE
16.4%▲
2024 · 1.6%
ROA
3.8%▲
2024 · 0.4%
Interest coverage
5.05▲
2024 · 4.18
Debt ≤ 1 year
€76k▲
2024 · €36k
Debt > 1 year
€29k▼
2024 · €34k
Income taxes
€3k▲
2024 · €1k
Staff costs
€52k▲
2024 · €51k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€97k€137k▲
Fixed assets21/28€18k€21k▲
Tangible fixed assets22/27€18k€21k▲
Land and buildings22€6k€5k▼
Plant, machinery and equipment23€5k€12k▲
Furniture and vehicles24€7k€4k▼
Current assets29/58€79k€115k▲
Stocks and contracts in progress3€14k€19k▲
Stocks30/36€14k€19k▲
Amounts receivable within one year40/41€31k€78k▲
Trade receivables40€22k€72k▲
Other amounts receivable41€10k€7k▼
Cash at bank and in hand54/58€27k€10k▼
Deferred charges and accrued income490/1€7k€8k▲
Equity and liabilities
Total equity and liabilities10/49€97k€137k▲
Equity10/15€27k€32k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€6k€11k▲
Amounts payable17/49€70k€105k▲
Amounts payable after more than one year17€34k€29k▼
Financial debts170/4€34k€29k▼
Amounts payable within one year42/48€36k€76k▲
Current portion of amounts payable after more than one year42€5k€16k▲
Trade debts44€797€3k▲
Suppliers440/4€797€3k▲
Taxes, remuneration and social security45€4k€4k▲
Taxes450/3€4k€4k=
Remuneration and social security454/9-€721
Other amounts payable47/48€26k€53k▲
Income statement
Code20242025
Remuneration, social security and pensions62€51k€52k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€68k€76k▲
Operating profit (loss)9901€5k€13k▲
Financial income75/76B€593€236▼
Recurring financial income75€593€236▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€2k€9k▲
Income taxes67/77€1k€3k▲
Profit (loss) for the period9904€419€5k▲
Profit (loss) for the period to be appropriated9905€419€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€11k▲
Profit (loss) brought forward from the previous period14P€6k€6k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €56k | €44k | €45k | €51k | €52k | ▲ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €6k | €8k | €9k | €9k | ▼ 5.4% |
| Other operating charges640/8 | €3k | €5k | €2k | €3k | €3k | ▼ 22.1% |
| Gross operating margin9900 | €69k | €58k | €84k | €68k | €76k | ▲ 11.6% |
| Operating profit (loss)9901 | €5k | €3k | €28k | €5k | €13k | ▲ 178% |
| Financial income75/76B | €2k | €50 | €58 | €593 | €236 | ▼ 60.2% |
| Recurring financial income75 | €2k | €50 | €58 | €593 | €236 | ▼ 60.2% |
| Financial charges65/66B | €3k | €2k | €3k | €3k | €4k | ▲ 28.2% |
| Recurring financial charges65 | €3k | €2k | €3k | €3k | €4k | ▲ 28.2% |
| Profit (loss) for the period before taxes9903 | €4k | €1k | €25k | €2k | €9k | ▲ 372% |
| Income taxes67/77 | €4k | €1k | €8k | €1k | €3k | ▲ 143% |
| Profit (loss) for the period9904 | €-268 | €225 | €17k | €419 | €5k | ▲ 1,152% |
| Profit (loss) for the period to be appropriated9905 | €-268 | €225 | €17k | €419 | €5k | ▲ 1,152% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €85k | €81k | €85k | €97k | €137k | ▲ 41.4% |
| Fixed assets21/28 | €24k | €24k | €26k | €18k | €21k | ▲ 20.1% |
| Tangible fixed assets22/27 | €24k | €24k | €26k | €18k | €21k | ▲ 20.1% |
| Land and buildings22 | €10k | €9k | €8k | €6k | €5k | ▼ 16.6% |
| Plant, machinery and equipment23 | €14k | €10k | €8k | €5k | €12k | ▲ 157% |
| Furniture and vehicles24 | €725 | €6k | €11k | €7k | €4k | ▼ 40.9% |
| Current assets29/58 | €61k | €56k | €59k | €79k | €115k | ▲ 46.2% |
| Stocks and contracts in progress3 | €4k | €7k | €7k | €14k | €19k | ▲ 40.1% |
| Stocks30/36 | €4k | €7k | €7k | €14k | €19k | ▲ 40.1% |
| Amounts receivable within one year40/41 | €32k | €33k | €15k | €31k | €78k | ▲ 149% |
| Trade receivables40 | €23k | €24k | €5k | €22k | €72k | ▲ 231% |
| Other amounts receivable41 | €9k | €9k | €10k | €10k | €7k | ▼ 31.0% |
| Cash at bank and in hand54/58 | €17k | €6k | €30k | €27k | €10k | ▼ 64.2% |
| Deferred charges and accrued income490/1 | €8k | €10k | €6k | €7k | €8k | ▲ 20.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €85k | €81k | €85k | €97k | €137k | ▲ 41.4% |
| Equity10/15 | €9k | €10k | €26k | €27k | €32k | ▲ 19.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-11k | €-11k | €6k | €6k | €11k | ▲ 84.1% |
| Amounts payable17/49 | €76k | €71k | €58k | €70k | €105k | ▲ 49.7% |
| Amounts payable after more than one year17 | €49k | €44k | €39k | €34k | €29k | ▼ 15.2% |
| Financial debts170/4 | €49k | €44k | €39k | €34k | €29k | ▼ 15.2% |
| Amounts payable within one year42/48 | €27k | €27k | €19k | €36k | €76k | ▲ 111% |
| Current portion of amounts payable after more than one year42 | €5k | €5k | €5k | €5k | €16k | ▲ 203% |
| Trade debts44 | €2k | €3k | €802 | €797 | €3k | ▲ 290% |
| Suppliers440/4 | €2k | €3k | €802 | €797 | €3k | ▲ 290% |
| Taxes, remuneration and social security45 | €8k | €7k | €2k | €4k | €4k | ▲ 19.6% |
| Taxes450/3 | €182 | €289 | €2k | €4k | €4k | = |
| Remuneration and social security454/9 | €8k | €7k | - | - | €721 | - |
| Other amounts payable47/48 | €12k | €12k | €11k | €26k | €53k | ▲ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-268 | €225 | €17k | €419 | €5k | ▲ 1,152% |
| + Depreciation and write-downs630 | €5k | €6k | €8k | €9k | €9k | ▼ 5.4% |
| Operating cash flow (approximation) | €4k | €7k | €24k | €10k | €14k | ▲ 44.1% |
| Investment in fixed assets (approximation) | - | €-7k | €-10k | €-1k | €-12k | ▼ 1,107% |
| Change in cash | - | €-11k | €24k | €-3k | €-17k | ▼ 431% |
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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
31-12
Financial
Highest result since 2018net €17k ▲7,317%
Operating result €28k, net result €17k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €225
Net result €225 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
29-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 151 days late
2019
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
13-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 135 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
2 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, Niel · 1 establishment unit since 2004
Ground area
900 m²
Building footprint
343 m²
Volume, LiDAR
3,769 m³
Parcel 11030A0167/00Y004, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PMPlus
since 20042.143.561.032
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11030A0167/00Y004 | Flanders | 900 m² | 1 · 343 m² | 14.7 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,420 EUR awarded · 2,420 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,420 EUR | 2,420 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
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Of 1,499 companies in sector 31004 we hold annual accounts for 621. 393 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
Founded12-11-2004
Fiscal year end31-12
Activities, NACEBEL 2025
31004Manufacture of dining room, living room, bedroom and bathroom furniture
43320Joinery installation
Contact
Website
www.pmplus.be
E-mail
info@pmplus.be
Scores and ratios are computed by Checked and are not a credit decision.