ACTIVE

Plan-S

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Financial year 2025 · closed on 31/12/2025

Net result

6,8 k €

-42.6% YoY

Gross margin

14,3 k €

+12.3% YoY

Equity

57,3 k €

+6.5% YoY

What does Plan-S do?

Plan-S is a Private limited company incorporated in 1997. Its registered office is in Lennik.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0459.811.573

Incorporation

14/01/1997

Legal form

Private limited company

Registered office

Marktstraat 62
1750 Lennik · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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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	14,3 k €	+12.3%	12,7 k €	+475%	2,2 k €	+148%	-4,6 k €	-112%	39,3 k €	-17.8%	47,8 k €	+50.8%	31,7 k €	+540%	5 k €	-30.5%	7,1 k €	-84.6%	46,2 k €	-50.1%	92,6 k €	+1364%	6,3 k €	-52.7%	13,4 k €	+48.6%	9 k €	-67.8%	28 k €	+11.3%	25,1 k €	-35.9%	39,2 k €	+22.2%	32,1 k €	-17.5%	38,9 k €	+369%	8,3 k €
EBITDA	13,8 k €	+12.0%	12,3 k €	+591%	1,8 k €	+139%	-4,6 k €	-112%	38,9 k €	-18.0%	47,4 k €	+53.3%	30,9 k €	+596%	4,4 k €	-31.8%	6,5 k €	-85.7%	45,6 k €	-50.4%	92,1 k €	+1480%	5,8 k €	-54.8%	12,9 k €	+51.5%	8,5 k €	-69.0%	27,5 k €	+11.5%	24,6 k €	-36.9%	39 k €	+21.7%	32,1 k €	-17.5%	38,9 k €	+373%	8,2 k €
Operating result	11,9 k €	-2.9%	12,2 k €	+583%	1,8 k €	+115%	-11,6 k €	-147%	24,6 k €	+373%	5,2 k €	+76.3%	3 k €	+114%	-21,3 k €	-1473%	-1,4 k €	-113%	10,5 k €	-62.4%	28,1 k €	+6178%	-461,9 €	+98.0%	-23 k €	-407%	7,5 k €	+268%	2 k €	+164%	-3,2 k €	-108%	38,6 k €	+22.9%	31,4 k €	-17.8%	38,2 k €	+364%	-14,4 k €
Net result	6,8 k €	-42.6%	11,8 k €	+719%	1,4 k €	+111%	-12,6 k €	-161%	20,6 k €	+526%	3,3 k €	+318%	785,8 €	+102%	-36 k €	-439%	-6,7 k €	-281%	3,7 k €	-85.1%	24,8 k €	+695%	-4,2 k €	+84.3%	-26,6 k €	-866%	3,5 k €	+241%	1 k €	+134%	-3 k €	-110%	29,4 k €	-11.8%	33,3 k €	-11.3%	37,6 k €	+346%	-15,3 k €
Balance sheet
Equity	57,3 k €	+6.5%	53,8 k €	+15.7%	46,5 k €	+3.2%	45,1 k €	-21.8%	57,6 k €	+52.1%	37,9 k €	+7.0%	35,4 k €	+2.3%	34,6 k €	-51.0%	70,6 k €	-8.6%	77,3 k €	+5.0%	73,6 k €	+50.6%	48,9 k €	-7.8%	53 k €	-33.4%	79,6 k €	+4.6%	76,1 k €	-50.9%	155,1 k €	-1.9%	158,1 k €	+20.6%	131,1 k €	-4.8%	137,8 k €	+18.1%	116,7 k €
Total assets	200,4 k €	+51.5%	132,3 k €	+44.5%	91,6 k €	+91.0%	48 k €	-68.2%	150,9 k €	+4.9%	143,8 k €	+0.1%	143,7 k €	+2.2%	140,6 k €	-24.8%	186,9 k €	-42.3%	323,9 k €	+31.7%	246 k €	+56.2%	157,5 k €	-6.2%	167,8 k €	+5.6%	159 k €	+27.6%	124,6 k €	-22.9%	161,6 k €	-10.1%	179,7 k €	+20.9%	148,6 k €	-2.2%	152 k €	-2.8%	156,3 k €
Cash	157,2 k €	+63.6%	96,1 k €	+69.3%	56,8 k €	+405%	11,2 k €	-88.9%	100,9 k €	+47.5%	68,4 k €	+6.4%	64,2 k €	+721%	7,8 k €		–		–		–		–		–		7 k €	-84.0%	43,9 k €	+63.0%	26,9 k €	-54.0%	58,5 k €	+95.0%	30 k €	+894%	3 k €		–
Debts	141,5 k €	+80.9%	78,2 k €	+73.5%	45,1 k €	+1469%	2,9 k €	-96.9%	93,2 k €	-12.0%	105,9 k €	-2.2%	108,3 k €	+2.2%	106 k €	-8.9%	116,3 k €	-52.8%	246,6 k €	+43.0%	172,4 k €	+58.7%	108,6 k €	-5.4%	114,8 k €	+44.6%	79,4 k €	+63.8%	48,5 k €	+652%	6,5 k €	-70.1%	21,6 k €	+23.4%	17,5 k €	+23.3%	14,2 k €	-64.2%	39,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Sigrid Moonens

Director · since 01 septembre 2023

Active

Ended mandates

Sigrid Moonens

bestuurder · since 01 septembre 2023

Ended

Pieter Van Mulders

bestuurder · since 14 octobre 2022 · until 31 août 2023

Ended

Pieter Van Mulders

bestuurder · since 01 juillet 2022

Ended

Machteld De Smet

bestuurder · since 24 décembre 1996 · until 01 juillet 2022

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	16/07/2026	11/07/2025	26/08/2024	02/02/2024	27/06/2022	06/09/2021
General meeting	20/06/2026	21/06/2025	26/08/2024	03/11/2023	18/06/2022	30/06/2021
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
Micro model	31/12/2025	20/06/2026	16/07/2026	Dutch	PDF
Micro model	31/12/2024	21/06/2025	11/07/2025	Dutch	PDF
Micro model	31/12/2023	26/08/2024	26/08/2024	Dutch	PDF
Micro model	31/12/2022	03/11/2023	02/02/2024	Dutch	PDF
Micro model	31/12/2021	18/06/2022	27/06/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	06/09/2021	Dutch	PDF
Micro model	31/12/2019	20/06/2020	29/07/2020	Dutch	PDF
Micro model	31/12/2018	25/02/2020	16/03/2020	Dutch	PDF
Micro model	31/12/2017	14/05/2019	16/03/2020	Dutch	PDF
Micro model	31/12/2016	17/06/2017	12/07/2017	Dutch	PDF
Abridged model	31/12/2015	04/05/2017	17/05/2017	Dutch	PDF
Abridged model	31/12/2014	04/05/2017	17/05/2017	Dutch	PDF
Abridged model	31/12/2013	17/03/2015	27/03/2015	Dutch	PDF
Abridged model	31/12/2012	16/09/2013	30/09/2013	Dutch	PDF
Abridged model	31/12/2011	05/11/2012	10/12/2012	Dutch	PDF
Abridged model	31/12/2010	30/08/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	15/10/2010	15/10/2010	Dutch	PDF
Abridged model	31/12/2008	09/10/2009	30/10/2009	Dutch	PDF
Abridged model	31/12/2007	21/06/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	16/06/2007	20/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 6 ended

Active mandates

Sigrid Moonens

Director · since 01 septembre 2023

Active

Ended mandates

Sigrid Moonens

bestuurder · since 01 septembre 2023

Ended

Pieter Van Mulders

bestuurder · since 14 octobre 2022 · until 31 août 2023

Ended

Pieter Van Mulders

bestuurder · since 01 juillet 2022

Ended

Machteld De Smet

bestuurder · since 24 décembre 1996 · until 01 juillet 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/10/2022
WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
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 20256,8 k €↓
2024
Annual accounts 202411,8 k €↑
2023
Annual accounts 20231,4 k €↑
2022
Annual accounts 2022-12,6 k €↓
2022
Name changePlan-S
2021
Annual accounts 202120,6 k €↑
2020
Annual accounts 20203,3 k €↑
2019
Annual accounts 2019785,8 €↑
2018
Annual accounts 2018-36 k €↓
2017
Annual accounts 2017-6,7 k €↓
2016
Annual accounts 20163,7 k €↓
2015
Annual accounts 201524,8 k €↑
2014
Annual accounts 2014-4,2 k €↑
2013
Annual accounts 2013-26,6 k €↓
2012
Annual accounts 20123,5 k €↑
2011
Annual accounts 20111 k €↑
2010
Annual accounts 2010-3 k €↓
2009
Annual accounts 200929,4 k €↓
2008
Annual accounts 200833,3 k €↓
2007
Annual accounts 200737,6 k €↑
2006
Annual accounts 2006-15,3 k €
2006
Name changeMAPIRO
14/01/1997
IncorporationPrivate 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

Plan-S

Overview

What does Plan-S 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