PUREPLASTICS
ActiveSummary
The computed 12-month bankruptcy probability of PUREPLASTICS is 1.6% (moderate). The 2025 annual accounts show negative equity (-€529,023) and a net result of €310,857. Equity is shrinking by ~32.3% per year across the filed fiscal years. Its solvency ranks better than 10% of 177 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+86
Solvency0=
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.42 against 0.19 in 2024; short-term debt: 97.1% and cash: 24.7% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Waste collection, recovery and disposal activities (NACE 38)
about 10% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 177 sector peers (2025).
NBB · sector comparisonPosition among 177 sector peers
Solvency
better than 10%
← weakest
strongest →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
29 d early
2024
8 d early
2023
35 d early
2022
27 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 8 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. Usually files around 3 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€529,023▲ 45.1%
2024 · -€964,216
Total assets
€2.1m▲ 11.8%
2024 · €1.9m
Net result
€310,857
2024 · -€270,294
Working capital
-€1.2m▲ 30.4%
2024 · -€1.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€157,493--€508,789▼ 223%-€239,049▲ 53.0%€256,455
Net result-€166,363below the sector's middle half--€537,559below the sector's middle half▼ 223%-€270,294below the sector's middle half▲ 49.7%€310,857above the sector's middle half
Equity-€156,363below the sector's middle half--€693,922below the sector's middle half▼ 344%-€964,216below the sector's middle half▼ 39.0%-€529,023below the sector's middle half▲ 45.1%
Total assets€1.6mabove the sector's middle half-€2.0mabove the sector's middle half▲ 22.6%€1.9mabove the sector's middle half▼ 7.8%€2.1mabove the sector's middle half▲ 11.8%
Debt€1.8m-€2.7m▲ 50.5%€2.8m▲ 4.2%€2.6m▼ 7.7%
Working capital-€824,203below the sector's middle half--€1.5mbelow the sector's middle half▼ 80.4%-€1.7mbelow the sector's middle half▼ 12.2%-€1.2mbelow the sector's middle half▲ 30.4%
Solvency-9.5%below the sector's middle half--34.5%below the sector's middle half▼ 24.9pp-52.0%below the sector's middle half▼ 17.5pp-25.5%below the sector's middle half▲ 26.5pp
Current ratio0.22below the sector's middle half-0.18below the sector's middle half▼ 0.030.19below the sector's middle half▲ 0.010.42below the sector's middle half▲ 0.23
Return on assets (ROA)-10.1%below the sector's middle half--26.7%below the sector's middle half▼ 16.6pp-14.6%below the sector's middle half▲ 12.1pp15.0%above the sector's middle half▲ 29.6pp
Staff (FTE)2.8
above
within
below
the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €256,455 after a loss of €239,049 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€1.2m ▼ 16.0%
Current assets
€852,323 ▲ 112%
Key figures and ratios
EBITDA
€470,034▲
2024 · -€17,476
Cash flow
€524,436▲
2024 · -€48,721
Quick ratio
0.39▲
2024 · 0.16
Debt to equity
-4.92▼
2024 · -2.92
Interest coverage
16.45▲
2024 · -0.56
Debt ≤ 1 year
€2.0m▼
2024 · €2.1m
Debt > 1 year
€588,981▼
2024 · €748,855
Staff costs
€200,705▼
2024 · €245,127
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 825 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 92% are still going.
- Small
- negative equity
- a profit of 5% of the balance sheet or more
- without age
2.8%
went bankrupt
3.5%
stopped otherwise
92%
still going
A further 1.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,662 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% | 1.7% |
| 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 75% 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 825 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €35,902 | €175,835 | €245,127 | €200,705 | ▼ 18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,305 | €181,628 | €221,573 | €213,579 | ▼ 3.6% |
| Other operating charges640/8 | €1,279 | €16,770 | €22,860 | €2,711 | ▼ 88.1% |
| Non-recurring operating charges66A | €186 | €126 | - | €501 | - |
| Gross operating margin9900 | -€60,820 | -€134,430 | €250,511 | €673,951 | ▲ 169% |
| Operating profit (loss)9901 | -€157,493 | -€508,789 | -€239,049 | €256,455 | ▲ 207% |
| Financial income75/76B | €600 | €305 | €3 | €82,968 | ▲ 3,142,639% |
| Recurring financial income75 | €600 | €305 | €3 | €82,968 | ▲ 3,142,639% |
| Financial charges65/66B | €9,470 | €29,075 | €31,247 | €28,566 | ▼ 8.6% |
| Recurring financial charges65 | €9,470 | €29,075 | €31,247 | €28,566 | ▼ 8.6% |
| Profit (loss) for the period before taxes9903 | -€166,363 | -€537,559 | -€270,294 | €310,857 | ▲ 215% |
| Profit (loss) for the period9904 | -€166,363 | -€537,559 | -€270,294 | €310,857 | ▲ 215% |
| Profit (loss) for the period to be appropriated9905 | -€166,363 | -€537,559 | -€270,294 | €310,857 | ▲ 215% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.6m | €2.0m | €1.9m | €2.1m | ▲ 11.8% |
| Fixed assets21/28 | €1.4m | €1.7m | €1.5m | €1.2m | ▼ 16.0% |
| Tangible fixed assets22/27 | €1.4m | €1.6m | €1.4m | €1.2m | ▼ 16.1% |
| Land and buildings22 | €778,711 | €884,054 | €800,324 | €717,831 | ▼ 10.3% |
| Plant, machinery and equipment23 | €315,165 | €393,058 | €333,771 | €271,498 | ▼ 18.7% |
| Furniture and vehicles24 | €23,364 | €16,134 | €11,406 | €8,538 | ▼ 25.1% |
| Leasing and similar rights25 | €298,683 | €352,324 | €299,717 | €214,899 | ▼ 28.3% |
| Financial fixed assets28 | - | €31,000 | €9,300 | €9,300 | = |
| Current assets29/58 | €226,819 | €336,973 | €401,175 | €852,323 | ▲ 112% |
| Stocks and contracts in progress3 | €19,816 | €93,000 | €75,575 | €76,510 | ▲ 1.2% |
| Stocks30/36 | €19,816 | €93,000 | €75,575 | €76,510 | ▲ 1.2% |
| Amounts receivable within one year40/41 | €125,934 | €112,640 | €215,905 | €262,607 | ▲ 21.6% |
| Trade receivables40 | €78,772 | €101,174 | €215,905 | €262,607 | ▲ 21.6% |
| Other amounts receivable41 | €47,162 | €11,466 | - | - | - |
| Cash at bank and in hand54/58 | €81,069 | €127,268 | €75,969 | €512,706 | ▲ 575% |
| Deferred charges and accrued income490/1 | - | €4,065 | €33,725 | €500 | ▼ 98.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.6m | €2.0m | €1.9m | €2.1m | ▲ 11.8% |
| Equity10/15 | -€156,363 | -€693,922 | -€964,216 | -€529,023 | ▲ 45.1% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€166,363 | -€703,922 | -€974,216 | -€663,359 | ▲ 31.9% |
| Investment grants15 | - | - | - | €124,336 | - |
| Amounts payable17/49 | €1.8m | €2.7m | €2.8m | €2.6m | ▼ 7.7% |
| Amounts payable after more than one year17 | €746,961 | €883,875 | €748,855 | €588,981 | ▼ 21.3% |
| Financial debts170/4 | €746,961 | €883,875 | €748,855 | €588,981 | ▼ 21.3% |
| Amounts payable within one year42/48 | €1.1m | €1.8m | €2.1m | €2.0m | ▼ 2.7% |
| Current portion of amounts payable after more than one year42 | €127,928 | €138,275 | €141,348 | €134,424 | ▼ 4.9% |
| Trade debts44 | €39,216 | €34,936 | €67,920 | €43,338 | ▼ 36.2% |
| Suppliers440/4 | €39,216 | €34,936 | €67,920 | €43,338 | ▼ 36.2% |
| Taxes, remuneration and social security45 | €3,878 | €30,379 | €60,573 | €35,736 | ▼ 41.0% |
| Taxes450/3 | - | €92 | €9,119 | €13,751 | ▲ 50.8% |
| Remuneration and social security454/9 | €3,878 | €30,288 | €51,455 | €21,985 | ▼ 57.3% |
| Other amounts payable47/48 | €880,000 | €1.6m | €1.8m | €1.8m | = |
| Accrued charges and deferred income492/3 | €1,121 | - | €1,213 | €933 | ▼ 23.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€166,363 | -€537,559 | -€270,294 | €310,857 | ▲ 215% |
| + Depreciation and write-downs630 | €59,305 | €181,628 | €221,573 | €213,579 | ▼ 3.6% |
| Operating cash flow (approximation) | -€107,057 | -€355,931 | -€48,721 | €524,436 | ▲ 1,176% |
| Investment in fixed assets (approximation) | - | -€442,275 | €478 | €18,873 | ▲ 3,848% |
| Change in cash | - | €46,199 | -€51,299 | €436,737 | ▲ 951% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €310,857
Net result €310,857 after 3 loss-making years.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€537,559
Net result drops to -€537,559, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, La Bruyère · 1 establishment unit since 2022
Ground area
893 m²
Building footprint
167 m²
Parcel 92088C0104/00L006, Wallonia. Linked by address, not a title deed.
1 establishment unit
PUREPLASTICS
since 20222.327.532.618
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92088C0104/00L006 | Wallonia | 893 m² | 1 · 167 m² | - |
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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 394 companies in sector 38110 we hold annual accounts for 203. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
38110Waste collection, recovery and disposal activities
38210Materials recovery from waste
46120Wholesale trade
46180Agents specialised in the wholesale of other particular products
46879Wholesale trade
70200Business and other management consultancy
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0781665491
Also
9925:BE0781665491
Registered
08-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.