POLAT EXPRESS
ActivePOLAT EXPRESS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €171k and a net result of €-558. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 95% of 1329 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
62
/ 100
Healthy▼ -8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
balance sheet total too small for a liquidity verdict, and 0.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 42
Relative position
BE, all sectors
reference
Sector 42
higher
← 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
99.8%
Return on assets
-0.3%
Age of the figures
20 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d late
2023
56 d late
2022
64 d late
2021
84 d late
2020
146 d late
2019
116 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-558▼ 249%
2023 · €-160
2018: €74k
2019: €77k
2020: €-378
2021: €-1k
2022: €-4k
2023: €-160
2018 → 2024
Working capital
€171k▼ 0.3%
2023 · €171k
2018: €100k
2019: €177k
2020: €177k
2021: €176k
2022: €172k
2023: €171k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€177k-€176k▼ 0.6%€172k▼ 2.3%€171k▼ 0.1%€171k▼ 0.3%
Operating result€-2k-€-953▲ 47.1%€-356▲ 62.7%€-100▲ 71.9%€-421▼ 321%
Net result€-378-€-1k▼ 174%€-4k▼ 284%€-160▲ 96.0%€-558▼ 249%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €421 in 2024 against €100 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €171k
Equity
€171k▼ 0.3%
Debt
€284▲ 184%
The debt ratio rises from 0.1% to 0.2%: debt grows while equity shrinks.
Key figures and ratios
Solvency
99.8%▼
2023 · 99.9%
Debt / equity
0.00▲
2023 · 0.00
ROE
-0.3%▼
2023 · -0.1%
ROA
-0.3%▼
2023 · -0.1%
Debt
€284▲
2023 · €100
Debt ≤ 1 year
€284▲
2023 · €100
A ratio outside any meaningful range has been withheld (balance sheet total €171k, equity €171k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€172k€171k▼
Current assets29/58€172k€171k▼
Amounts receivable within one year40/41€171k€171k▲
Trade receivables40€171k€169k▼
Other amounts receivable41-€2k
Cash at bank and in hand54/58€614€90▼
Equity and liabilities
Total equity and liabilities10/49€172k€171k▼
Equity10/15€171k€171k▼
Contributions10/11€2€2=
Outside capital11€2€2=
Other1109/19€2€2=
Reserves13€8k€8k=
Non-distributable reserves130/1€8k€8k=
Reserves not available under the articles1311€8k€8k=
Profit (loss) carried forward14€164k€163k▼
Amounts payable17/49€100€284▲
Amounts payable within one year42/48€100€284▲
Taxes, remuneration and social security45€100-
Taxes450/3€100-
Other amounts payable47/48-€284
Income statement
Code20232024
Other operating charges640/8€100-
Gross operating margin9900-€-421
Operating profit (loss)9901€-100€-421▼
Financial charges65/66B€60€137▲
Recurring financial charges65€60€137▲
Profit (loss) for the period before taxes9903€-160€-558▼
Profit (loss) for the period9904€-160€-558▼
Profit (loss) for the period to be appropriated9905€-160€-558▼
Appropriation of the result
Profit (loss) to be appropriated9906€164k€163k▼
Profit (loss) brought forward from the previous period14P€164k€164k▼
Timeline · acts, filings and financial milestones
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
2023
31-12
Financial
Liquidity times 859current ratio 1715.97
Current ratio from 2.00 to 1715.97; short-term debt falls from €172k to €100.
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 64 days late
2022
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
23-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 84 days late
2021
24-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 146 days late
2020
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 116 days late
2019
31-12
Financial
Highest result since 2018net €77k ▲4.6%
Operating result €111k, net result €77k, both a record.
31-12
Financial
Equity above €150kEq €177k ▲77.1%
2 profitable years in a row build equity to €177k.
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 70 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 57 days late
2016
09-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Evere · 1 establishment unit since 2025
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Goede Herderstraat 541140 EvereGround area
1.2 ha
Building footprint
3,184 m²
Volume, LiDAR
27,797 m³
2 parcels, Brussels, Flanders · tallest building 22.9 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
POLAT EXPRESS
since 20252.373.180.224
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21006A0199/00T007 | Brussels | 8,547 m² | 1 · 735 m² | 22.9 m · 7 fl. |
| 23047A0435/00S009 | Flanders | 3,205 m² | 1 · 2,450 m² | 14.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ELTA VASTGOED
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Pro-Bizz Solutions
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CAP-EGOUT
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Strong Projects
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Of 264 companies in sector 42212 we hold annual accounts for 119. 96 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded22-06-2011
Fiscal year end31-12
Activities, NACEBEL
42212Civil engineering
42219Civil engineering
42220Construction of utility projects for electricity and telecommunications
43130Specialised construction activities
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.