Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
PLOPSA from De Panne, company number BE0466400051, closed financial year 2025 with a result of € 10.3 million after tax. For that financial year PLOPSA recorded revenue of € 77.8 million and equity of € 62.9 million. Compared with financial year 2024, the result moved from € 8.9 million to € 10.3 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 62.9 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 10.3 million
▲ 16% vs 2024
Profit after tax over the fiscal year.
€ 1.2 million
▲ 74% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 15 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
288.3
▲ 125 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 11.8 million
▲ 46% vs 2024
€ 40,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3.7 million
▲ 232% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 60,000
Loans from banks and other lenders, long and short.
€ 9.2 million
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 87 days on average.
€ 2.6 million
▲ 95% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 53,683,495 | € 51,032,439 | € 61,261,727 | € 77,844,253 | ▲ 27% |
| Profit after taxes | € 15,501,322 | € 12,466,786 | € 8,904,167 | € 10,324,679 | ▲ 16% |
| Equity | € 51,135,511 | € 57,583,780 | € 59,470,052 | € 62,869,348 | ▲ 6% |
| Total debts | € 24,371,386 | € 29,524,742 | € 21,543,402 | € 51,778,032 | ▲ 140% |
| Cash | € 2,149,931 | € 568,022 | € 688,756 | € 1,195,886 | ▲ 74% |
| Land & buildings | € 15,269,962 | € 17,822,323 | € 17,921,230 | € 43,570,239 | ▲ 143% |
| Retained profit | € 42,507,049 | € 48,973,835 | € 50,878,002 | € 42,927,243 | ▼ 16% |
| Dividend | € 50,000,000 | € 6,000,000 | € 7,000,000 | € 15,000,000 | ▲ 114% |
| Bank debt | € 558,475 | € 302,480 | € 0 | € 60,000 | |
| Balance sheet total | € 76,706,152 | € 88,079,563 | € 81,717,678 | € 115,052,496 | ▲ 41% |
| Employees (FTE) | 185.6 | 172.9 | 163.3 | 288.3 | ▲ 125 |
Key figures of PLOPSA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to PLOPSA?
What happened at PLOPSA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Cervino Consulting BV stepped down as director. NBB
- Studio Plopsa NV stepped down as director. NBB
- Remus BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 10.3 million (▲ 16% vs 2024). Source: NBB ↗
- New establishment in De Panne. KBO
- Studio Plopsa NV became a director. NBB
- Remus BV became a director. NBB
- New establishment in Nieuwpoort. KBO
In short
From € 15.5 million profit in 2022 to € 10.3 million profit in 2025.
Paid € 16 million in corporate taxes since 2022.
Best year ever: 2022, with € 15.5 million profit.
Paid out € 78 million in dividends to the owners in total.
Management
The shares are held by Studio Plopsa NV (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Carl Lenaerts
Also active at: Plopsa, CLUB, STANDAARD BOEKHANDEL, Boekservice, COOKAYAK, Plopsa Village, RESIDENTIE DE BIEKORF, STUDIO PLOPSA +7 more
since 2023 · until 2029
Director · represented by Hans Bourlon
Also active at: Plopsa, COOKAYAK, Plopsa Village, RESIDENTIE DE BIEKORF, Plopsa Station Antwerp, BABALTA, Plopsa Hotel, Plopsaqua Hannut - Landen +1 more
since 2024 · until 2029
Director · represented by Gert Verhulst
Also active at: Plopsa, COOKAYAK, Plopsa Village, STUDIO 100, RESIDENTIE DE BIEKORF, VV & B, STUDIO PLOPSA, DED's IT +10 more
since 2024 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
De Pannelaan 68
8660 De Panne
Turnhoutsebaan 5
2110 Wijnegem
Active since 11 January 2006
Gouverneur Verwilghensingel 70
3500 Hasselt
Active since 11 January 2006
Albert I laan 173B
8620 Nieuwpoort
Active since 16 May 2024
Duinhoekstraat 101
8660 De Panne
Active since 26 August 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0466.400.051
- VAT number
- BE 0466.400.051
- Registered office
- De Pannelaan 68, 8660 De Panne
- Names & denominations
- PLOPSA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 June 1999
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
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