POL-DAR
ActiveSummary
POL-DAR has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34k and a net result of €2k. Equity is shrinking by ~23.3% per year across the filed fiscal years. Its solvency ranks better than 35% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-11
Solvency59▲+8
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.38 in 2024; short-term debt: 47% and cash: 6% of total assets), and 66.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.8%
Return on assets
1.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-05-2026, 70 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
70 d early
2024
26 d late
2023
40 d early
2022
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€34k▲ 5.9%
2024 · €32k
Total assets
€101k▼ 18.3%
2024 · €123k
Net result
€2k▼ 85.5%
2024 · €13k
Working capital
€20k▼ 7.4%
2024 · €21k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€34k-€3k▼ 90.5%€17k▲ 414%€5k▼ 71.9%
Net result€27k-€1k▼ 95.8%€13k▲ 1,103%€2k▼ 85.5%
Equity€64k-€54k▼ 16.1%€32k▼ 40.4%€34k▲ 5.9%
Total assets€104k-€126k▲ 22.0%€123k▼ 2.3%€101k▼ 18.3%
Debt€39k-€72k▲ 84.7%€91k▲ 26.0%€67k▼ 26.9%
Working capital€26k-€37k▲ 44.9%€21k▼ 42.7%€20k▼ 7.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 72% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101k
Fixed assets
€34k ▼ 27.0%
Current assets
€67k ▼ 13.2%
Equity and liabilities €101k
Equity
€34k ▲ 5.9%
Debt
€67k ▼ 26.9%
Debt's share of the balance-sheet total falls from 74.0% to 66.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20k▼
2024 · €33k
Cash flow
€17k▼
2024 · €29k
Current ratio
1.42▲
2024 · 1.38
Quick ratio
1.31▲
2024 · 1.29
Debt to equity
1.96▼
2024 · 2.84
ROE
5.8%▼
2024 · 41.9%
ROA
1.9%▼
2024 · 10.9%
Interest coverage
8.67▼
2024 · 11.95
Debt ≤ 1 year
€47k▼
2024 · €56k
Debt > 1 year
€19k▼
2024 · €32k
Income taxes
€521▼
2024 · €626
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €11k | €16k | €15k | ▼ 6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €18k | - |
| Other operating charges640/8 | €1k | €877 | €498 | €690 | ▲ 38.5% |
| Non-recurring operating charges66A | - | €1k | €474 | €302 | ▼ 36.2% |
| Gross operating margin9900 | €39k | €16k | €34k | €39k | ▲ 14.6% |
| Operating profit (loss)9901 | €34k | €3k | €17k | €5k | ▼ 71.9% |
| Financial income75/76B | €2 | €23 | €0 | €0 | ▲ 675% |
| Recurring financial income75 | €2 | €23 | €0 | €0 | ▲ 675% |
| Financial charges65/66B | €2k | €2k | €3k | €2k | ▼ 17.7% |
| Recurring financial charges65 | €2k | €2k | €3k | €2k | ▼ 17.7% |
| Profit (loss) for the period before taxes9903 | €33k | €1k | €14k | €2k | ▼ 82.4% |
| Income taxes67/77 | €6k | - | €626 | €521 | ▼ 16.8% |
| Profit (loss) for the period9904 | €27k | €1k | €13k | €2k | ▼ 85.5% |
| Profit (loss) for the period to be appropriated9905 | €27k | €1k | €13k | €2k | ▼ 85.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €104k | €126k | €123k | €101k | ▼ 18.3% |
| Fixed assets21/28 | €39k | €60k | €46k | €34k | ▼ 27.0% |
| Tangible fixed assets22/27 | €39k | €60k | €46k | €34k | ▼ 27.0% |
| Plant, machinery and equipment23 | €2k | €689 | €1k | €2k | ▲ 107% |
| Furniture and vehicles24 | €37k | €59k | €45k | €31k | ▼ 30.1% |
| Current assets29/58 | €65k | €66k | €77k | €67k | ▼ 13.2% |
| Stocks and contracts in progress3 | - | €4k | €5k | €5k | ▲ 4.9% |
| Stocks30/36 | - | €4k | €5k | €5k | ▲ 4.9% |
| Amounts receivable within one year40/41 | €51k | €45k | €28k | €55k | ▲ 92.6% |
| Trade receivables40 | €40k | €29k | €15k | €43k | ▲ 181% |
| Other amounts receivable41 | €11k | €16k | €13k | €12k | ▼ 9.0% |
| Cash at bank and in hand54/58 | €11k | €14k | €42k | €6k | ▼ 85.5% |
| Deferred charges and accrued income490/1 | €2k | €3k | €2k | €1k | ▼ 40.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €104k | €126k | €123k | €101k | ▼ 18.3% |
| Equity10/15 | €64k | €54k | €32k | €34k | ▲ 5.9% |
| Contributions10/11 | €2k | €2k | €2k | €2k | = |
| Reserves13 | €200 | €200 | €200 | €200 | = |
| Non-distributable reserves130/1 | €200 | - | - | - | - |
| Reserves not available under the articles1311 | €200 | - | - | - | - |
| Distributable reserves133 | - | €200 | €200 | €200 | = |
| Profit (loss) carried forward14 | €62k | €52k | €30k | €32k | ▲ 6.4% |
| Amounts payable17/49 | €39k | €72k | €91k | €67k | ▼ 26.9% |
| Amounts payable after more than one year17 | - | €43k | €32k | €19k | ▼ 38.8% |
| Financial debts170/4 | - | €43k | €32k | €19k | ▼ 38.8% |
| Amounts payable within one year42/48 | €39k | €29k | €56k | €47k | ▼ 15.4% |
| Current portion of amounts payable after more than one year42 | - | €11k | €12k | €12k | ▲ 4.0% |
| Trade debts44 | €34k | €3k | €346 | €7k | ▲ 1,808% |
| Suppliers440/4 | €34k | €3k | €346 | €7k | ▲ 1,808% |
| Advances received on contracts in progress46 | - | - | €1k | - | - |
| Taxes, remuneration and social security45 | €3k | €2k | €10k | €18k | ▲ 78.6% |
| Taxes450/3 | €3k | €2k | €6k | €683 | ▼ 88.8% |
| Remuneration and social security454/9 | - | - | €4k | €18k | ▲ 321% |
| Other amounts payable47/48 | €2k | €13k | €33k | €10k | ▼ 68.9% |
| Accrued charges and deferred income492/3 | - | - | €4k | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €1k | €13k | €2k | ▼ 85.5% |
| + Depreciation and write-downs630 | €3k | €11k | €16k | €15k | ▼ 6.7% |
| Operating cash flow (approximation) | €30k | €12k | €29k | €17k | ▼ 42.9% |
| Investment in fixed assets (approximation) | - | €-32k | €-2k | €-2k | ▼ 36.1% |
| Change in cash | - | €3k | €28k | €-36k | ▼ 230% |
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
Next filing, fiscal year 2026, expected by
2026
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €1k ▼95.8%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 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, Sint-Pieters-Leeuw · 1 establishment unit since 2015
Ground area
228 m²
Building footprint
125 m²
Volume, LiDAR
759 m³
Parcel 23582E0603/00G000, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
POL-DAR
since 20152.252.050.978
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23582E0603/00G000 | Flanders | 228 m² | 1 · 125 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,414. 5,796 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
Founded23-07-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43240Other construction installation
43310Plastering work
43331Floor and wall tiling
43422Screed work
43910Bricklaying and masonry work
Scores and ratios are computed by Checked and are not a credit decision.