ACTIVE

PLASTEC

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Financial year 2025 · closed on 31/12/2025

Net result

894,6 k €

+1.5% YoY

Gross margin

3,6 M €

+9.3% YoY

Equity

5,5 M €

+0.8% YoY

Workforce

21,1 ETP

-3.2% YoY

What does PLASTEC do?

PLASTEC is a Public limited company incorporated in 1993. Its main activity is: Manufacture of plastic plates, sheets, tubes and profiles. Its registered office is in Nazareth-De Pinte. It employs on average 21,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.013.178

Incorporation

08/10/1993

Legal form

Public limited company

Registered office

Prijkelstraat 32
9810 Nazareth-De Pinte · FlandreSee on map

Contributed capital

1 787 800,00 €

Latest accounts

31/12/2025

Average workforce

21,1 ETP

Activities (NACE)

22210Manufacture of plastic plates, sheets, tubes and profiles· main 22210Manufacture of plastic plates, sheets, tubes and profiles 25210Manufacture of central heating radiators and boilers

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	3,6 M €	+9.3%	3,3 M €		–		3,6 M €	+36.4%	2,6 M €	+32.9%	2 M €	-10.3%	2,2 M €	-12.9%	2,5 M €	+14.1%	2,2 M €	-3.9%	2,3 M €	+15.5%	2 M €	-3.3%	2,1 M €	+17.1%	1,8 M €	-8.1%	1,9 M €	-0.3%	1,9 M €	-0.0%	1,9 M €	+23.7%	1,6 M €	-1.2%	1,6 M €	+3.8%	1,5 M €	+29.2%	1,2 M €
EBITDA	1,8 M €	+1.7%	1,7 M €	+11.1%	1,6 M €	-29.6%	2,2 M €	+82.8%	1,2 M €	+120%	552,7 k €	-10.4%	616,5 k €	-37.9%	992,8 k €	+20.4%	824,4 k €	+5.5%	781,4 k €	+15.2%	678,2 k €	-10.5%	757,9 k €	+52.2%	498 k €	-20.2%	624,3 k €	-21.3%	793,4 k €	+10.8%	716 k €	+22.0%	587 k €	-3.0%	605,2 k €	-10.9%	679 k €	+28.1%	530,3 k €
Operating result	1,3 M €	+1.1%	1,3 M €	-0.3%	1,3 M €	-35.1%	1,9 M €	+131%	839,4 k €	+41933%	2 k €	-87.1%	15,4 k €	-96.3%	422,7 k €	+35.2%	312,7 k €	+14.1%	274 k €	+9.0%	251,3 k €	-18.8%	309,5 k €	+134%	132,3 k €	-43.4%	234 k €	-37.7%	375,3 k €	+48.1%	253,4 k €	+130%	110,4 k €	+2.7%	107,4 k €	-54.1%	234,3 k €	+55.1%	151 k €
Net result	894,6 k €	+1.5%	881,6 k €	-6.6%	943,6 k €	-35.0%	1,5 M €	+152%	576,3 k €	+1243%	42,9 k €	+454%	7,7 k €	-97.8%	352,9 k €	+148%	142,5 k €	+8.1%	131,8 k €	+30.4%	101,1 k €	-39.5%	167 k €	+117%	76,8 k €	-52.4%	161,3 k €	-34.2%	245,2 k €	+66.4%	147,3 k €	+123%	66,2 k €	+169%	24,7 k €	-84.2%	156,5 k €	+34.8%	116 k €
Balance sheet
Equity	5,5 M €	+0.8%	5,5 M €	+16.6%	4,7 M €	+14.4%	4,1 M €	+48.8%	2,8 M €	+11.0%	2,5 M €	-7.7%	2,7 M €	+0.3%	2,7 M €	+0.0%	2,7 M €	+5.5%	2,6 M €	+5.4%	2,4 M €	+4.3%	2,3 M €	+7.7%	2,2 M €	-3.8%	2,2 M €	+7.7%	2,1 M €	+13.3%	1,8 M €	+8.7%	1,7 M €	+4.0%	1,6 M €	+1.4%	1,6 M €	+10.7%	1,4 M €
Total assets	9,6 M €	+0.9%	9,5 M €	+12.5%	8,5 M €	+33.4%	6,4 M €	+16.9%	5,4 M €	+14.1%	4,8 M €	-12.2%	5,4 M €	-0.4%	5,4 M €	+6.5%	5,1 M €	-3.9%	5,3 M €	+12.7%	4,7 M €	-2.3%	4,8 M €	+14.9%	4,2 M €	+9.9%	3,8 M €	-4.2%	4 M €	+2.8%	3,9 M €	+12.4%	3,5 M €	-7.7%	3,7 M €	-5.1%	3,9 M €	+7.9%	3,7 M €
Cash	2,1 M €	+40.3%	1,5 M €	+103%	729,7 k €	-34.1%	1,1 M €	+133%	474,8 k €	+76.6%	268,9 k €	+103%	132,7 k €	-78.0%	604,1 k €	+23.1%	490,6 k €	+8.5%	452,2 k €	-4.1%	471,5 k €	-23.2%	614,2 k €	+20.4%	510,2 k €	+83.9%	277,5 k €	-21.6%	353,7 k €	+54.0%	229,8 k €	+96.3%	117 k €	+9.5%	106,9 k €	-3.9%	111,3 k €	+21.9%	91,3 k €
Debts	4,1 M €	+1.1%	4 M €	+7.4%	3,8 M €	+69.2%	2,2 M €	-16.5%	2,7 M €	+17.7%	2,3 M €	-16.4%	2,7 M €	-0.5%	2,7 M €	+14.3%	2,4 M €	-12.4%	2,7 M €	+21.5%	2,2 M €	-8.3%	2,4 M €	+24.1%	2 M €	+32.6%	1,5 M €	-18.2%	1,8 M €	-0.4%	1,8 M €	+10.6%	1,6 M €	-17.2%	2 M €	-9.6%	2,2 M €	+7.3%	2 M €
Other
Workforce	21,1 ETP	-3.2%	21,8 ETP	+3.3%	21,1 ETP	-5.0%	22,2 ETP	+4.2%	21,3 ETP	-17.1%	25,7 ETP	-9.2%	28,3 ETP	+4.8%	27,0 ETP	+9.3%	24,7 ETP	-1.2%	25,0 ETP	+3.3%	24,2 ETP	+2.5%	23,6 ETP	+3.5%	22,8 ETP	-4.6%	23,9 ETP	+7.2%	22,3 ETP	+7.2%	20,8 ETP	+11.8%	18,6 ETP	-7.5%	20,1 ETP	+4.7%	19,2 ETP	+24.7%	15,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 32 ended

Active mandates

Gemplex Invest

Director · 0894.373.751

Represented by Bart Cnudde

Active

Ended mandates

Gemplex Invest

Director · since 23 janvier 2024 · 0894.373.751

Represented by Bart Cnudde

Ended

Gemplex Invest

Managing director · since 30 juin 2023 · until 30 juin 2029 · 0894.373.751

Represented by Bart Cnudde

Ended

PADO

Managing director · since 25 septembre 2019 · until 30 juin 2022 · 0543.774.971

Represented by Paul Dhondt

Ended

ARBAPLEX

Chairman of the board of directors · since 27 juin 2019 · until 31 mai 2025 · 0728.763.077

Represented by Bart Cnudde

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Full model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/07/2026	15/07/2025	19/07/2024	17/07/2023	12/07/2022	26/06/2021
General meeting	25/06/2026	28/06/2025	28/06/2024	30/06/2023	30/06/2022	22/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	25/06/2026	23/07/2026	Dutch	PDF
Abridged model	31/12/2024	28/06/2025	15/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	19/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	17/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	12/07/2022	Dutch	PDF
Abridged model	31/12/2020	22/05/2021	26/06/2021	Dutch	PDF
Abridged model	31/12/2019	30/05/2020	26/06/2020	Dutch	PDF
Abridged model	31/12/2018	25/05/2019	23/08/2019	Dutch	PDF
Abridged model	31/12/2017	26/05/2018	28/05/2018	Dutch	PDF
Abridged model	31/12/2016	27/05/2017	14/08/2017	Dutch	PDF
Abridged model	31/12/2015	28/05/2016	02/06/2016	Dutch	PDF
Abridged model	31/12/2014	23/05/2015	14/07/2015	Dutch	PDF
Abridged model	31/12/2013	24/05/2014	04/06/2014	Dutch	PDF
Abridged model	31/12/2012	25/05/2013	06/06/2013	Dutch	PDF
Abridged model	31/12/2011	26/05/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	28/05/2011	15/07/2011	Dutch	PDF
Abridged model	31/12/2009	22/05/2010	26/05/2010	Dutch	PDF
Abridged model	31/12/2008	23/05/2009	02/06/2009	Dutch	PDF
Abridged model	31/12/2007	24/05/2008	26/05/2008	Dutch	PDF
Abridged model	31/12/2006	26/05/2007	01/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 32 ended

Active mandates

Gemplex Invest

Director · 0894.373.751

Represented by Bart Cnudde

Active

Ended mandates

Gemplex Invest

Director · since 23 janvier 2024 · 0894.373.751

Represented by Bart Cnudde

Ended

Gemplex Invest

Managing director · since 30 juin 2023 · until 30 juin 2029 · 0894.373.751

Represented by Bart Cnudde

Ended

PADO

Managing director · since 25 septembre 2019 · until 30 juin 2022 · 0543.774.971

Represented by Paul Dhondt

Ended

ARBAPLEX

Chairman of the board of directors · since 27 juin 2019 · until 31 mai 2025 · 0728.763.077

Represented by Bart Cnudde

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Other03/02/2017
DOEL
PDF
Mandates13/03/2014
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025894,6 k €↑
2024
Annual accounts 2024881,6 k €↓
2023
Annual accounts 2023943,6 k €↓
2022
Annual accounts 20221,5 M €↑
2021
Annual accounts 2021576,3 k €↑
2020
Annual accounts 202042,9 k €↑
2019
Annual accounts 20197,7 k €↓
2018
Annual accounts 2018352,9 k €↑
2017
Annual accounts 2017142,5 k €↑
2016
Annual accounts 2016131,8 k €↑
2015
Annual accounts 2015101,1 k €↓
2014
Annual accounts 2014167 k €↑
2013
Annual accounts 201376,8 k €↓
2012
Annual accounts 2012161,3 k €↓
2011
Annual accounts 2011245,2 k €↑
2010
Annual accounts 2010147,3 k €↑
2009
Annual accounts 200966,2 k €↑
2008
Annual accounts 200824,7 k €↓
2007
Annual accounts 2007156,5 k €↑
2006
Annual accounts 2006116 k €
08/10/1993
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

PLASTEC

Overview

What does PLASTEC do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline