PPLEFLOW
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 15-05-2026 PDF all 4 filings
Every figure per financial year
The operating result for 2025 is a loss of €35,805, after a profit of €279 in 2024. It is the lowest result since 2022.
- 2023 Equity +46,017% on 2022. Capital increase of €150,000 (Official Gazette 05-10-2023).
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Intangible fixed assets | €150,000 | €2,665 | - | €461,795 |
| Financial fixed assets | - | - | - | €3,200 |
| Depreciation and write-downs of the year | - | - | - | €23,428 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €23,428 | - |
| Other operating charges640/8 | €719 | €908 | €1,917 | - | - |
| Gross operating margin9900 | €1,175 | €1,174 | €2,197 | -€12,377 | - |
| Operating profit (loss)9901 | €456 | €266 | €279 | -€35,805 | - |
| Financial charges65/66B | €130 | €122 | €137 | €152 | ▲ 11.4% |
| Recurring financial charges65 | €130 | €122 | €137 | €152 | ▲ 11.4% |
| Profit (loss) for the period before taxes9903 | €326 | €144 | €142 | -€35,957 | - |
| Income taxes67/77 | - | - | €118 | €36 | ▼ 69.7% |
| Profit (loss) for the period9904 | €326 | €144 | €25 | -€35,993 | - |
| Profit (loss) for the period to be appropriated9905 | €326 | €144 | €25 | -€35,993 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €183,905 | €194,548 | €185,505 | €679,481 | ▲ 266% |
| Fixed assets21/28 | €150,000 | €152,665 | €152,665 | €594,231 | ▲ 289% |
| Intangible fixed assets21 | €150,000 | €152,665 | €152,665 | €591,031 | ▲ 287% |
| Financial fixed assets28 | - | - | - | €3,200 | - |
| Current assets29/58 | €33,905 | €41,883 | €32,840 | €85,250 | ▲ 160% |
| Stocks and contracts in progress3 | €2,000 | €4,500 | €11,150 | €4,000 | ▼ 64.1% |
| Contracts in progress37 | €2,000 | €4,500 | €11,150 | €4,000 | ▼ 64.1% |
| Amounts receivable within one year40/41 | €31,725 | €32,563 | €935 | €14,331 | ▲ 15× |
| Trade receivables40 | - | - | - | €726 | - |
| Other amounts receivable41 | €31,725 | €32,563 | €935 | €13,605 | ▲ 15× |
| Cash at bank and in hand54/58 | €180 | €4,820 | €20,755 | €66,919 | ▲ 222% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €183,905 | €194,548 | €185,505 | €679,481 | ▲ 266% |
| Equity10/15 | €326 | €150,470 | €150,495 | €114,502 | ▼ 23.9% |
| Contributions10/11 | - | €150,000 | €150,000 | €150,000 | = |
| Profit (loss) carried forward14 | €326 | €470 | €495 | -€35,498 | - |
| Amounts payable17/49 | €183,579 | €44,078 | €35,010 | €564,979 | ▲ 16× |
| Amounts payable after more than one year17 | €181,500 | - | - | €443,857 | - |
| Financial debts170/4 | €181,500 | - | - | €443,857 | - |
| Amounts payable within one year42/48 | €2,079 | €44,078 | €35,010 | €119,522 | ▲ 241% |
| Trade debts44 | - | €41,599 | €32,531 | €117,043 | ▲ 260% |
| Suppliers440/4 | - | €41,599 | €32,531 | €117,043 | ▲ 260% |
| Other amounts payable47/48 | €2,079 | €2,479 | €2,479 | €2,479 | = |
| Accrued charges and deferred income492/3 | - | - | - | €1,600 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €326 | €144 | €25 | -€35,993 | - |
| + Depreciation and write-downs630 | - | - | - | €23,428 | - |
| Operating cash flow (approximation) | €326 | €144 | €25 | -€12,565 | - |
| Investment in fixed assets (approximation) | - | -€2,665 | €0 | -€464,995 | - |
| Change in cash | - | €4,640 | €15,935 | €46,164 | ▲ 190% |
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, 748 companies had the same profile as PPLEFLOW has now. Two years later, 96.7% were still going and 1.3% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PPLEFLOW itself: 0.3% 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 748 companies, not a prediction for PPLEFLOW. 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.