Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PLUG 21 from Herentals, company number BE0744948815, closed financial year 2025 with a result of € -1.2 million after tax. For that financial year PLUG 21 recorded revenue of € 1.6 million and equity of € 6.9 million. Compared with financial year 2024, the result moved from € 8,661 to € -1.2 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 6.9 million
▼ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.2 million
▼ still € 8,661 profit in 2024
Profit after tax over the fiscal year.
€ 790,779
▲ 170% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 6.9 million.
Debts at end 2025
€ 21 million
▼ 12% vs 2024
€ 1.5 million is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 1.4 million
▲ 245% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 359 days on average.
€ 24,163
▼ 10% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,800,321 | € 3,517,638 | € 3,378,288 | € 1,569,457 | ▼ 54% |
| Profit after taxes | € 3,773,974 | € 4,610,557 | € 8,661 | € -1,176,098 | ▼ € 1.2 million |
| Equity | € 3,432,509 | € 8,043,066 | € 8,051,727 | € 6,875,629 | ▼ 15% |
| Total debts | € 37,867,992 | € 30,917,497 | € 32,525,025 | € 33,761,900 | ▲ 4% |
| Cash | € 2,544,371 | € 122,699 | € 292,588 | € 790,779 | ▲ 170% |
| Retained profit | € 3,431,309 | € 8,041,866 | € 8,050,527 | € 6,874,429 | ▼ 15% |
| Bank debt | € 32,147,500 | € 26,447,500 | € 23,747,500 | € 20,950,000 | ▼ 12% |
| Balance sheet total | € 41,300,501 | € 38,960,562 | € 40,576,751 | € 40,637,529 |
Key figures of PLUG 21, 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 PLUG 21?
What happened at PLUG 21 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.2 million (▼ € 1.2 million vs 2024). Source: NBB ↗
- Dirk Baum became a director. NBB
- Didier Clerx became a director. NBB
- New establishment in Herentals. KBO
- Wim Heylen became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 3.8 million profit in 2022 to € 1.2 million loss in 2025.
Best year ever: 2023, with € 4.6 million profit.
A new publication or filing at PLUG 21? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of HASTINGS & CORNWALL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PLUG 21Behind PLUG 21 are Dirk Baum, Wim Heylen and Didier Clerx. The shares are held by HASTINGS & CORNWALL (85.5%). It owns 100% of Eltra and 100% of Z-Tech itself.
Directors
According to the 2025 annual accounts
Wim Heylen
Director
Also active at: RONALD VANDEPUTTE, Eltra, Société Anversoise Immobilière et de Placements du Centre, LANCKRIET ANDRE, HERMANS HEFTRUCKS, Heylen Remi, EURO FRESH FOODS, TUVO +97 more
since 2020
Didier Clerx
Director
Also active at: EURO FRESH FOODS, BORETTI BELGIO, HEAT 21, CAROLEASE 12A, CONFOOD, L.I.N.K., AEP SOLAR 21, Heylen Campus Geel 21 +8 more
since 2020
Shareholders
85.5%
Establishments
Establishment units
Physical locations of this company
Diamantstraat (HRT) 8 box 214
2200 Herentals
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0744.948.815
- VAT number
- BE 0744.948.815
- Registered office
- Diamantstraat (HRT) 8 bus 214, 2200 Herentals
- Names & denominations
- PLUG 21
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 March 2020
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
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