ACTIVE

Plus Project

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Financial year 2025 · closed on 31/12/2025

Net result

34,5 k €

-16.0% YoY

Gross margin

210,1 k €

-12.3% YoY

Equity

484,7 k €

-5.1% YoY

What does Plus Project do?

Plus Project is a Private limited company incorporated in 1997. Its registered office is in Gavere.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.983.194

Incorporation

08/07/1997

Legal form

Private limited company

Registered office

Hofkouterstraat 3
9890 Gavere · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDA

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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	210,1 k €	-12.3%	239,4 k €	-7.7%	259,5 k €	-17.3%	313,8 k €	+1.2%	310,1 k €	+68.0%	184,6 k €	+84.3%	100,2 k €	+40.9%	71,1 k €	+7.5%	66,1 k €	-7.3%	71,3 k €	+55.4%	45,9 k €	+1.2%	45,3 k €	-34.6%	69,3 k €	-55.2%	154,8 k €	+352%	34,3 k €	-23.2%	44,6 k €	+487%	7,6 k €	-78.7%	35,7 k €	-29.9%	50,9 k €	+33.9%	38 k €
EBITDA	195,1 k €	-13.0%	224,2 k €	-8.8%	245,9 k €	-15.4%	290,6 k €	+0.6%	288,8 k €	+85.0%	156,1 k €	+78.0%	87,7 k €	+37.6%	63,7 k €	+6.8%	59,7 k €	-10.1%	66,4 k €	+59.6%	41,6 k €	-3.0%	42,9 k €	-36.3%	67,3 k €	-56.2%	153,6 k €	+358%	33,6 k €	-23.6%	43,9 k €	+672%	5,7 k €	-69.9%	18,9 k €	+30.7%	14,5 k €	+286%	-7,8 k €
Operating result	151,1 k €	-14.3%	176,4 k €	-9.3%	194,4 k €	-24.8%	258,6 k €	+1.4%	255,1 k €	+105%	124,6 k €	+122%	56,2 k €	+26.3%	44,5 k €	+10.1%	40,4 k €	+31.0%	30,8 k €	+4.5%	29,5 k €	+30.3%	22,6 k €	-64.2%	63,3 k €	-57.7%	149,6 k €	+407%	29,5 k €	-22.2%	37,9 k €	+8220%	-466,3 €	-153%	875,4 €	+109%	-9,7 k €	+67.3%	-29,6 k €
Net result	34,5 k €	-16.0%	41,1 k €	-25.3%	55 k €	-58.0%	131 k €	-3.3%	135,6 k €	+144%	55,5 k €	+502%	9,2 k €	-12.2%	10,5 k €	+50.0%	7 k €	+63.8%	4,3 k €	-26.4%	5,8 k €	-22.1%	7,5 k €	-68.4%	23,6 k €	-80.3%	119,7 k €	+333%	27,7 k €	-26.0%	37,4 k €	+707%	-6,2 k €	-192%	-2,1 k €	+85.6%	-14,6 k €	+55.1%	-32,6 k €
Balance sheet
Equity	484,7 k €	-5.1%	510,6 k €	+8.7%	469,5 k €	+13.3%	414,5 k €	+46.2%	283,5 k €	+91.6%	148 k €	+60.1%	92,4 k €	+11.1%	83,2 k €	+14.5%	72,7 k €	+10.7%	65,7 k €	+7.0%	61,4 k €	+10.4%	55,6 k €	+15.5%	48,2 k €	+95.9%	24,6 k €	+126%	-95,1 k €	+22.5%	-122,8 k €	+23.3%	-160,1 k €	+4.1%	-167 k €	-1.3%	-164,9 k €	-9.7%	-150,3 k €
Total assets	3,9 M €	+10.5%	3,5 M €	-0.7%	3,5 M €	+12.0%	3,2 M €	-15.2%	3,7 M €	+20.0%	3,1 M €	+15.7%	2,7 M €	+53.4%	1,8 M €	+9.0%	1,6 M €	+7.3%	1,5 M €	+64.7%	909,2 k €	+5.6%	860,6 k €	+44.5%	595,7 k €	-8.0%	647,5 k €	+426%	123 k €	+88.5%	65,3 k €	+67.5%	39 k €	+8.1%	36 k €	-18.6%	44,3 k €	-18.9%	54,6 k €
Cash	145,6 k €	+2777%	5,1 k €	-88.3%	43,3 k €	-80.5%	221,8 k €	+959%	20,9 k €	-89.8%	206,2 k €	+2639%	7,5 k €	+30.8%	5,8 k €	+128%	2,5 k €	+1432%	164,8 €	-26.7%	224,8 €	-25.1%	300,3 €	-98.9%	26,5 k €	+1597%	1,6 k €	+29.5%	1,2 k €	-37.2%	1,9 k €	+1350%	132,4 €	-91.5%	1,6 k €	+1496%	98,1 €	-88.9%	880,2 €
Debts	3,4 M €	+13.0%	3 M €	-2.0%	3,1 M €	+12.2%	2,7 M €	-20.7%	3,4 M €	+16.5%	3 M €	+14.2%	2,6 M €	+55.5%	1,7 M €	+8.6%	1,5 M €	+7.1%	1,4 M €	+68.8%	847,8 k €	+5.3%	805 k €	+47.0%	547,5 k €	-9.6%	605,9 k €	+178%	218,2 k €	+16.0%	188,1 k €	-5.6%	199,1 k €	+8.7%	183,2 k €	-3.2%	189,4 k €	+2.3%	185,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,5 ETP	-66.7%	1,5 ETP	-21.1%	1,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Evarist Wellens

Bestuurder · since 28 mars 2011

Active

Frédérique Wellens

Bestuurder · since 28 mars 2011

Active

Ended mandates

EVARIST WELLENS

Director · since 28 mars 2011

Ended

EVARIST WELLENS

Manager · since 28 mars 2011

Ended

FREDERIQUE WELLENS

Director · since 28 mars 2011

Ended

FREDERIQUE WELLENS

Manager · since 28 mars 2011

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged 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	10/06/2026	06/06/2025	10/06/2024	19/06/2023	27/06/2022	09/07/2021
General meeting	03/06/2026	02/06/2025	03/06/2024	05/06/2023	15/06/2022	15/06/2021
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
Abridged model	31/12/2025	03/06/2026	10/06/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	06/06/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	10/06/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	19/06/2023	Dutch	PDF
Abridged model	31/12/2021	15/06/2022	27/06/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	09/07/2021	Dutch	PDF
Abridged model	31/12/2019	15/06/2020	19/06/2020	Dutch	PDF
Abridged model	31/12/2018	15/06/2019	19/06/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	20/06/2018	Dutch	PDF
Abridged model	31/12/2016	15/06/2017	21/08/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	17/06/2016	Dutch	PDF
Abridged model	31/12/2014	15/06/2015	22/06/2015	Dutch	PDF
Abridged model	31/12/2013	15/06/2014	18/06/2014	Dutch	PDF
Abridged model	31/12/2012	15/03/2013	18/03/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	20/06/2012	Dutch	PDF
Abridged model	31/12/2010	15/06/2011	17/06/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	06/08/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	17/06/2009	Dutch	PDF
Abridged model	31/12/2007	15/06/2008	18/06/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	09/11/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 2 active · 6 ended

Active mandates

Evarist Wellens

Bestuurder · since 28 mars 2011

Active

Frédérique Wellens

Bestuurder · since 28 mars 2011

Active

Ended mandates

EVARIST WELLENS

Director · since 28 mars 2011

Ended

EVARIST WELLENS

Manager · since 28 mars 2011

Ended

FREDERIQUE WELLENS

Director · since 28 mars 2011

Ended

FREDERIQUE WELLENS

Manager · since 28 mars 2011

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/12/2022
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Registered office06/03/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates06/03/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/04/2011
BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares11/01/2010
KAPITAAL - AANDELEN
PDF
Registered office30/06/2009
MAATSCHAPPELIJKE ZETEL
PDF
Mandates16/09/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/10/2005
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 202534,5 k €↓
2024
Annual accounts 202441,1 k €↓
2023
Annual accounts 202355 k €↓
2022
Annual accounts 2022131 k €↓
2021
Annual accounts 2021135,6 k €↑
2020
Annual accounts 202055,5 k €↑
2019
Annual accounts 20199,2 k €↓
2018
Annual accounts 201810,5 k €↑
2017
Annual accounts 20177 k €↑
2016
Annual accounts 20164,3 k €↓
2015
Annual accounts 20155,8 k €↓
2014
Annual accounts 20147,5 k €↓
2013
Annual accounts 201323,6 k €↓
2012
Annual accounts 2012119,7 k €↑
2011
Annual accounts 201127,7 k €↓
2010
Annual accounts 201037,4 k €↑
2009
Annual accounts 2009-6,2 k €↓
2008
Annual accounts 2008-2,1 k €↑
2007
Annual accounts 2007-14,6 k €↑
2006
Annual accounts 2006-32,6 k €
08/07/1997
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

Plus Project

Overview

What does Plus Project 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