ACTIVE

PLUG

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Financial year 2024 · closed on 31/12/2024

Net result

351,3 k €

+95.0% YoY

Gross margin

1,4 M €

+35.0% YoY

Equity

1,0 M €

+35.0% YoY

Workforce

14,0 ETP

+5.3% YoY

What does PLUG do?

PLUG is a Private limited company incorporated in 2003. Its registered office is in Roeselare. It employs on average 14,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0480.080.417

Incorporation

23/04/2003

Legal form

Private limited company

Registered office

Sint-Martinusstraat 19
8800 Roeselare · FlandreSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2024

Average workforce

14,0 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2024		2023		2022		2021		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,4 M €	+35.0%	1,0 M €	+16.5%	881,7 k €	-0.9%	889,8 k €	+14.4%	778,2 k €	+8.7%	715,7 k €	+18.9%	602,0 k €	+2.9%	585,1 k €	+68.0%	348,3 k €	+48.3%	234,9 k €	-22.8%	304,2 k €	-19.7%	378,8 k €	+85.4%	204,3 k €	-14.3%	238,3 k €
EBITDA	585,5 k €	+77.0%	330,9 k €	+50.9%	219,3 k €	-7.7%	237,5 k €	+2.4%	231,9 k €	-15.0%	273,0 k €	+11.7%	244,5 k €	-5.5%	258,7 k €	+67.2%	154,7 k €	+294%	39,3 k €	-33.5%	59,0 k €	-66.9%	178,2 k €	+289%	45,8 k €	-49.1%	90,0 k €
Operating result	531,9 k €	+85.3%	287,1 k €	+48.7%	193,0 k €	+2.8%	187,7 k €	+15.2%	163,0 k €	-18.6%	200,4 k €	+11.6%	179,6 k €	-3.0%	185,2 k €	+94.1%	95,4 k €	+1502%	6,0 k €	-79.4%	28,8 k €	-80.4%	147,0 k €	+727%	17,8 k €	+407%	3,5 k €
Net result	351,3 k €	+95.0%	180,2 k €	+47.0%	122,6 k €	-1.6%	124,6 k €	+72.8%	72,1 k €	-29.2%	101,9 k €	+4.4%	97,6 k €	+3.1%	94,6 k €	+126%	41,8 k €	+1379%	-3,3 k €	-123%	14,4 k €	-83.9%	90,0 k €	+168606%	53,3 €	+104%	-1,3 k €
Balance sheet
Equity	1,0 M €	+35.0%	777,1 k €	+17.8%	659,6 k €	-6.3%	703,6 k €	+33.3%	527,8 k €	+15.8%	455,7 k €	+28.8%	353,8 k €	+31.8%	268,4 k €	+54.5%	173,8 k €	+31.7%	132,0 k €	-2.4%	135,3 k €	+12.0%	120,8 k €	+292%	30,8 k €	+0.2%	30,8 k €
Total assets	1,5 M €	+21.0%	1,3 M €	+26.5%	1,0 M €	-9.6%	1,1 M €	+4.8%	1,1 M €	+4.4%	1,0 M €	+27.6%	794,0 k €	+18.0%	672,9 k €	+3.5%	649,9 k €	+90.2%	341,6 k €	-0.4%	343,1 k €	-21.5%	437,1 k €	+48.1%	295,2 k €	+7.1%	275,6 k €
Cash	656,8 k €	+104%	322,0 k €	+117%	148,4 k €	-61.8%	388,6 k €	+20.7%	321,8 k €	+32.5%	242,9 k €	-22.1%	312,0 k €	+159%	120,7 k €	-37.4%	192,6 k €	+431%	36,3 k €	-57.4%	85,1 k €	+66.8%	51,0 k €	+127%	22,4 k €	-32.2%	33,1 k €
Debts	471,6 k €	-3.9%	490,5 k €	+43.4%	342,1 k €	-15.4%	404,2 k €	-23.7%	529,7 k €	+11.1%	476,9 k €	+33.5%	357,1 k €	-11.7%	404,5 k €	-15.0%	476,1 k €	+129%	208,2 k €	+0.2%	207,9 k €	-34.3%	316,3 k €	+19.6%	264,4 k €	+8.0%	244,8 k €
Other
Workforce	14,0 ETP	+5.3%	13,3 ETP	+9.9%	12,1 ETP	-0.8%	12,2 ETP	+11.9%	10,9 ETP	+23.9%	8,8 ETP	+22.2%	7,2 ETP	+4.3%	6,9 ETP	+38.0%	5,0 ETP	+4.2%	4,8 ETP	+2.1%	4,7 ETP	+2.2%	4,6 ETP	+15.0%	4,0 ETP	-2.4%	4,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 4 ended

Active mandates

Juliette Bartsoen

Bestuurder · since 11 juillet 2023

Active

Bert Bartsoen

Bestuurder · since 10 avril 2003

Active

Ended mandates

Bert Bartsoen

Manager · since 31 décembre 2003

Ended

Bert Bartsoen

Director · since 10 avril 2003

Ended

Bert Bartsoen

Manager · since 10 avril 2003

Ended

Bert Bartsoen

Manager

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/07/2025	30/09/2024	05/10/2023	30/08/2022	21/10/2021	21/09/2020
General meeting	27/06/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021	29/05/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	27/06/2025	25/07/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	30/09/2024	Dutch	PDF
Abridged model	31/12/2022	26/05/2023	05/10/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	30/08/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	21/10/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	21/09/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	27/09/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	19/09/2018	Dutch	PDF
Abridged model	31/12/2016	08/09/2017	19/09/2017	Dutch	PDF
Abridged model	31/12/2015	09/09/2016	12/09/2016	Dutch	PDF
Abridged model	31/12/2014	16/09/2015	22/09/2015	Dutch	PDF
Abridged model	31/12/2013	16/09/2014	22/09/2014	Dutch	PDF
Abridged model	31/12/2012	23/09/2013	30/09/2013	Dutch	PDF
Abridged model	31/12/2011	21/09/2012	24/09/2012	Dutch	PDF
Abridged model	31/12/2010	27/06/2011	28/06/2011	Dutch	PDF
Abridged model	31/12/2009	21/09/2010	29/09/2010	Dutch	PDF
Abridged model	31/12/2008	25/09/2009	28/09/2009	Dutch	PDF
Abridged model	31/12/2007	29/08/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	26/10/2007	29/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 31/12/2024 · 2 active · 4 ended

Active mandates

Juliette Bartsoen

Bestuurder · since 11 juillet 2023

Active

Bert Bartsoen

Bestuurder · since 10 avril 2003

Active

Ended mandates

Bert Bartsoen

Manager · since 31 décembre 2003

Ended

Bert Bartsoen

Director · since 10 avril 2003

Ended

Bert Bartsoen

Manager · since 10 avril 2003

Ended

Bert Bartsoen

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office07/10/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates14/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Capital / shares12/02/2018
KAPITAAL - AANDELEN
PDF
Capital / shares21/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares27/01/2004
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other02/05/2003
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2024
Annual accounts 2024351,3 k €↑
2023
Annual accounts 2023180,2 k €↑
2022
Annual accounts 2022122,6 k €↓
2021
Annual accounts 2021124,6 k €↑
2015
Annual accounts 201572,1 k €↓
2014
Annual accounts 2014101,9 k €↑
2013
Annual accounts 201397,6 k €↑
2012
Annual accounts 201294,6 k €↑
2011
Annual accounts 201141,8 k €↑
2010
Annual accounts 2010-3,3 k €↓
2009
Annual accounts 200914,4 k €↓
2008
Annual accounts 200890,0 k €↑
2007
Annual accounts 200753,3 €↑
2006
Annual accounts 2006-1,3 k €
23/04/2003
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

PLUG

Overview

What does PLUG do?

Trend over 14 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