ATELIER POLYFORM
ActiveSummary
ATELIER POLYFORM has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €202,932 and a net result of -€3,751. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 31% of 1120 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability39▲+27
Solvency51▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.37 against 0.75 in 2023; short-term debt: 18.2% and cash: 0.1% of total assets), and 74.1% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
25.9%
Return on assets
-0.5%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€3,751
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
6 d early
2022
28 d early
2021
17 d late
2020
30 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€3,751▲ 91.8%
2023 · -€46,018
Working capital
-€89,778▼ 105%
2023 · -€43,855
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€13,286▼ 38.6%€90,262▲ 579%€115,030▲ 27.4%-€31,300€13,455
Net result-€4,370below the sector's middle half€90,447within the sector's middle half€71,571within the sector's middle half▼ 20.9%-€46,018below the sector's middle half-€3,751below the sector's middle half▲ 91.8%
Equity€99,767within the sector's middle half▼ 4.2%€190,214within the sector's middle half▲ 90.7%€261,785within the sector's middle half▲ 37.6%€215,767within the sector's middle half▼ 17.6%€202,932within the sector's middle half▼ 5.9%
Total assets€671,245within the sector's middle half▲ 28.0%€737,779within the sector's middle half▲ 9.9%€801,516within the sector's middle half▲ 8.6%€888,662within the sector's middle half▲ 10.9%€784,665within the sector's middle half▼ 11.7%
Debt€571,478▲ 35.9%€547,565▼ 4.2%€539,731▼ 1.4%€672,896▲ 24.7%€581,733▼ 13.5%
Working capital-€300,980below the sector's middle half▼ 379%€16,716within the sector's middle half€67,393within the sector's middle half▲ 303%-€43,855below the sector's middle half-€89,778below the sector's middle half▼ 105%
Solvency14.9%below the sector's middle half▼ 5.0pp25.8%within the sector's middle half▲ 10.9pp32.7%within the sector's middle half▲ 6.9pp24.3%within the sector's middle half▼ 8.4pp25.9%within the sector's middle half▲ 1.6pp
Current ratio0.02below the sector's middle half▼ 0.481.05below the sector's middle half▲ 1.031.48within the sector's middle half▲ 0.430.75below the sector's middle half▼ 0.730.37below the sector's middle half▼ 0.38
Return on assets (ROA)-0.7%below the sector's middle half▼ 1.0pp12.3%within the sector's middle half▲ 12.9pp8.9%within the sector's middle half▼ 3.3pp-5.2%below the sector's middle half▼ 14.1pp-0.5%below the sector's middle half▲ 4.7pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €13,455 after a loss of €31,300 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €784,665
Fixed assets
€731,271 ▼ 3.5%
Current assets
€53,394 ▼ 59.2%
Equity and liabilities €784,665
Equity
€202,932 ▼ 5.9%
Debt
€581,733 ▼ 13.5%
Debt's share of the balance-sheet total falls from 75.7% to 74.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€42,135▲
2023 · -€1,871
Cash flow
€24,929▲
2023 · -€16,589
Debt to equity
2.87▼
2023 · 3.12
ROE
-1.8%▲
2023 · -21.3%
Interest coverage
2.47▲
2023 · -0.13
Debt ≤ 1 year
€143,172▼
2023 · €174,867
Debt > 1 year
€438,561▼
2023 · €498,029
Income taxes
€139▲
2023 · €133
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,423 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
1.0%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,423 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,517 | €22,466 | €24,843 | €29,429 | €28,680 | ▼ 2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €361 | - | - | - | - |
| Other operating charges640/8 | - | €4,738 | €6,262 | €5,123 | €5,466 | ▲ 6.7% |
| Gross operating margin9900 | €53,091 | €117,828 | €146,136 | €3,252 | €47,601 | ▲ 1,364% |
| Operating profit (loss)9901 | €13,286 | €90,262 | €115,030 | -€31,300 | €13,455 | ▲ 143% |
| Financial income75/76B | - | €47,303 | €169 | €37 | - | - |
| Recurring financial income75 | €0 | €47,303 | €169 | €37 | - | - |
| Financial charges65/66B | - | €26,911 | €27,273 | €14,622 | €17,068 | ▲ 16.7% |
| Recurring financial charges65 | €17,260 | €26,911 | €27,273 | €14,622 | €17,068 | ▲ 16.7% |
| Profit (loss) for the period before taxes9903 | -€3,974 | €110,654 | €87,926 | -€45,885 | -€3,612 | ▲ 92.1% |
| Income taxes67/77 | €397 | €20,207 | €16,355 | €133 | €139 | ▲ 4.2% |
| Profit (loss) for the period9904 | -€4,370 | €90,447 | €71,571 | -€46,018 | -€3,751 | ▲ 91.8% |
| Profit (loss) for the period to be appropriated9905 | -€4,370 | €90,447 | €71,571 | -€46,018 | -€3,751 | ▲ 91.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €671,245 | €737,779 | €801,516 | €888,662 | €784,665 | ▼ 11.7% |
| Fixed assets21/28 | €664,379 | €410,141 | €594,477 | €757,650 | €731,271 | ▼ 3.5% |
| Tangible fixed assets22/27 | €532,292 | €315,768 | €498,775 | €492,492 | €466,113 | ▼ 5.4% |
| Land and buildings22 | - | €302,042 | €489,451 | €464,499 | €439,548 | ▼ 5.4% |
| Furniture and vehicles24 | - | €11,326 | €6,924 | €25,593 | €24,164 | ▼ 5.6% |
| Other tangible fixed assets26 | - | €2,400 | €2,400 | €2,400 | €2,400 | = |
| Financial fixed assets28 | €132,086 | €94,373 | €95,702 | €265,158 | €265,158 | = |
| Current assets29/58 | €6,866 | €327,637 | €207,039 | €131,012 | €53,394 | ▼ 59.2% |
| Stocks and contracts in progress3 | - | €220,045 | - | - | - | - |
| Stocks30/36 | - | €220,045 | - | - | - | - |
| Amounts receivable within one year40/41 | €9 | €9 | €496 | €22,011 | €51,213 | ▲ 133% |
| Trade receivables40 | - | - | - | - | €160 | - |
| Other amounts receivable41 | - | €9 | €496 | €22,011 | €51,053 | ▲ 132% |
| Cash at bank and in hand54/58 | €5,340 | €104,821 | €204,066 | €107,623 | €736 | ▼ 99.3% |
| Deferred charges and accrued income490/1 | - | €2,762 | €2,478 | €1,378 | €1,446 | ▲ 4.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €671,245 | €737,779 | €801,516 | €888,662 | €784,665 | ▼ 11.7% |
| Equity10/15 | €99,767 | €190,214 | €261,785 | €215,767 | €202,932 | ▼ 5.9% |
| Contributions10/11 | - | €6,501 | €6,501 | €6,501 | €6,501 | = |
| Reserves13 | €16,222 | €106,669 | €178,240 | €178,240 | €169,156 | ▼ 5.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | €5,278 | €5,278 | €5,278 | €5,278 | = |
| Distributable reserves133 | - | €99,531 | €171,102 | €172,962 | €163,878 | ▼ 5.3% |
| Profit (loss) carried forward14 | €77,044 | €77,044 | €77,044 | €31,026 | €27,275 | ▼ 12.1% |
| Amounts payable17/49 | €571,478 | €547,565 | €539,731 | €672,896 | €581,733 | ▼ 13.5% |
| Amounts payable after more than one year17 | €263,632 | €236,644 | €400,084 | €498,029 | €438,561 | ▼ 11.9% |
| Financial debts170/4 | - | €236,644 | €400,084 | €498,029 | €438,561 | ▼ 11.9% |
| Amounts payable within one year42/48 | €307,847 | €310,921 | €139,647 | €174,867 | €143,172 | ▼ 18.1% |
| Current portion of amounts payable after more than one year42 | - | €33,771 | €34,985 | €48,937 | €59,468 | ▲ 21.5% |
| Trade debts44 | €14,283 | €29,438 | €90,069 | €67,248 | €60,449 | ▼ 10.1% |
| Suppliers440/4 | - | €29,438 | €90,069 | €67,248 | €60,449 | ▼ 10.1% |
| Taxes, remuneration and social security45 | - | €61,373 | €5,346 | €6,733 | €6,738 | ▲ 0.1% |
| Taxes450/3 | - | €49,373 | €2,749 | €4,070 | €4,024 | ▼ 1.1% |
| Remuneration and social security454/9 | - | €12,000 | €2,598 | €2,662 | €2,714 | ▲ 1.9% |
| Other amounts payable47/48 | - | €186,339 | €9,246 | €51,949 | €16,517 | ▼ 68.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,370 | €90,447 | €71,571 | -€46,018 | -€3,751 | ▲ 91.8% |
| + Depreciation and write-downs630 | €19,517 | €22,466 | €24,843 | €29,429 | €28,680 | ▼ 2.5% |
| Operating cash flow (approximation) | €15,147 | €112,913 | €96,414 | -€16,589 | €24,929 | ▲ 250% |
| Investment in fixed assets (approximation) | - | €231,772 | -€209,178 | -€192,603 | -€2,300 | ▲ 98.8% |
| Change in cash | - | €99,481 | €99,245 | -€96,443 | -€106,887 | ▼ 10.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€46,018
Net result drops to -€46,018, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €200,000Eq €261,785 ▲37.6%
2 profitable years in a row build equity to €261,785.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 17 days late
2021
31-12
Financial
Back to profitnet €90,447
Net result €90,447 after one loss-making year.
31-12
Financial
Liquidity times 47current ratio 1.05
Current ratio from 0.02 to 1.05.
31-12
Financial
Equity above €150,000Eq €190,214 ▲90.7%
Equity rises from €99,767 to €190,214.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Braine-le-Comte · 2 establishment units since 2008
Ground area
5,702 m²
Building footprint
848 m²
2 parcels, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
ATELIER POLYFORM
since 20082.171.949.566
Rue de Cognebeau 52, 7060 Soignies
since 20162.251.535.096
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55402D0139/00A003 | Wallonia | 4,139 m² | 1 · 635 m² | - |
| 55016B0189/00H000 | Wallonia | 1,562 m² | 1 · 213 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holding · 5 subsidiaries in the treeOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
100%
All subsidiaries, including indirect ones 5
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
FEELING GREEN 100%4 subsidiaries
- COREAL 100%
- FEELING GREEN ECO-QUARTIERS 60%
GENESIS PROJECTS 60%1 subsidiary
- MESA VERDE 100%
According to the 2024 annual accounts of ATELIER POLYFORM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 18,254 companies in sector 71111 we hold annual accounts for 6,321. 5,124 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0897722528
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.