POLATT BV
Open bankruptcyA bankruptcy procedure is open for POLATT BV according to publications in the Belgian State Gazette; curator: PATRICIA VANDENBERGE.
Summary
The 2023 annual accounts show equity of €184,442 and a net result of €89,598.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Ghent division
- Declared bankrupt
- 23 April 2024
- Supervising judge
- Guy Lucq
- Official Gazette
- 30-04-2024 (pdf) ↗search the document for 2024/117640
Deadlines
- Provisional date payments stopped
- 23 April 2024A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 15 May 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 23 May 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 28 May 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 23 April 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Patricia VandenbergeBurgemeester Edmond Ronsestraat 4, 9820 05 Melsenpatricia.vandenberge@lexero.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 28-02-2024, 28 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 · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
28 d late
2022
307 d late
2021
28 d late
2020
15 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 95 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Construction of utility projects for electricity and telecommunications sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, abbreviated schema
Equity
€184,442▲ 97.4%
2022 · €93,422
Total assets
€448,876▲ 76.6%
2022 · €254,149
Net result
€89,598▲ 83.8%
2022 · €48,740
Working capital
€136,911▲ 57.8%
2022 · €86,764
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, 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
Line2020202120222023
Operating result€18,854-€13,711▼ 27.3%€64,381▲ 370%€148,969▲ 131%
Net result€15,656within the sector's middle half-€10,426within the sector's middle half▼ 33.4%€48,740within the sector's middle half▲ 367%€89,598within the sector's middle half▲ 83.8%
Equity€34,256within the sector's middle half-€44,682within the sector's middle half▲ 30.4%€93,422below the sector's middle half▲ 109%€184,442within the sector's middle half▲ 97.4%
Total assets€48,690below the sector's middle half-€55,431below the sector's middle half▲ 13.8%€254,149below the sector's middle half▲ 358%€448,876below the sector's middle half▲ 76.6%
Debt€14,434-€10,748▼ 25.5%€160,727▲ 1,395%€264,434▲ 64.5%
Working capital€15,226within the sector's middle half-€21,487within the sector's middle half▲ 41.1%€86,764within the sector's middle half▲ 304%€136,911within the sector's middle half▲ 57.8%
Solvency70.4%above the sector's middle half-80.6%above the sector's middle half▲ 10.3pp36.8%within the sector's middle half▼ 43.9pp41.1%within the sector's middle half▲ 4.3pp
Current ratio2.05within the sector's middle half-3.00above the sector's middle half▲ 0.941.60within the sector's middle half▼ 1.401.54within the sector's middle half▼ 0.06
Return on assets (ROA)32.2%above the sector's middle half-18.8%within the sector's middle half▼ 13.3pp19.2%above the sector's middle half▲ 0.4pp20.0%above the sector's middle half▲ 0.8pp
Staff (FTE)2below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 131% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €448,876
Fixed assets
€56,709 ▲ 162%
Current assets
€392,167 ▲ 68.7%
Equity and liabilities €448,876
Equity
€184,442 ▲ 97.4%
Debt
€264,434 ▲ 64.5%
Debt's share of the balance-sheet total falls from 63.2% to 58.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€157,707▲
2022 · €65,919
Cash flow
€98,336▲
2022 · €50,278
Debt to equity
1.43▼
2022 · 1.72
ROE
48.6%▼
2022 · 52.2%
Interest coverage
33.14▼
2022 · 35.57
Debt ≤ 1 year
€255,256▲
2022 · €145,727
Debt > 1 year
€9,178▼
2022 · €15,000
Income taxes
€54,613▲
2022 · €17,990
Staff costs
€157,894▲
2022 · €65,279
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €28,437 | - | - |
| Remuneration, social security and pensions62 | €88,251 | - | €65,279 | €157,894 | ▲ 142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,664 | €1,423 | €1,538 | €8,738 | ▲ 468% |
| Other operating charges640/8 | €3,823 | - | €5,555 | €0 | ▼ 100% |
| Non-recurring operating charges66A | €2,740 | - | - | - | - |
| Gross operating margin9900 | €121,332 | €17,462 | €136,753 | €315,601 | ▲ 131% |
| Operating profit (loss)9901 | €18,854 | €13,711 | €64,381 | €148,969 | ▲ 131% |
| Financial income75/76B | - | - | €4,202 | €1 | ▼ 100.0% |
| Recurring financial income75 | - | - | €4,202 | €1 | ▼ 100.0% |
| Financial charges65/66B | €79 | - | €1,853 | €4,759 | ▲ 157% |
| Recurring financial charges65 | €79 | €166 | €1,853 | €4,759 | ▲ 157% |
| Profit (loss) for the period before taxes9903 | €18,775 | €13,545 | €66,730 | €144,211 | ▲ 116% |
| Income taxes67/77 | €3,119 | €3,119 | €17,990 | €54,613 | ▲ 204% |
| Profit (loss) for the period9904 | €15,656 | €10,426 | €48,740 | €89,598 | ▲ 83.8% |
| Profit (loss) for the period to be appropriated9905 | €15,656 | €10,426 | €48,740 | €89,598 | ▲ 83.8% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €48,690 | €55,431 | €254,149 | €448,876 | ▲ 76.6% |
| Fixed assets21/28 | €19,030 | €23,196 | €21,658 | €56,709 | ▲ 162% |
| Intangible fixed assets21 | €5,125 | €5,125 | €5,125 | €4,100 | ▼ 20.0% |
| Tangible fixed assets22/27 | €11,355 | €15,521 | €13,983 | €50,059 | ▲ 258% |
| Land and buildings22 | €5,125 | - | €5,125 | €4,100 | ▼ 20.0% |
| Plant, machinery and equipment23 | €678 | - | €678 | €34,340 | ▲ 4,965% |
| Furniture and vehicles24 | €5,208 | - | €8,180 | €11,504 | ▲ 40.6% |
| Other tangible fixed assets26 | €344 | - | - | €115 | - |
| Financial fixed assets28 | €2,550 | €2,550 | €2,550 | €2,550 | = |
| Current assets29/58 | €29,660 | €32,235 | €232,491 | €392,167 | ▲ 68.7% |
| Stocks and contracts in progress3 | €2,585 | €1,535 | - | - | - |
| Stocks30/36 | €2,585 | - | - | - | - |
| Amounts receivable within one year40/41 | €1,523 | €3,218 | €222,672 | €386,931 | ▲ 73.8% |
| Trade receivables40 | €1,523 | - | €153,392 | €264,858 | ▲ 72.7% |
| Other amounts receivable41 | - | - | €69,280 | €122,073 | ▲ 76.2% |
| Cash at bank and in hand54/58 | €25,552 | €27,482 | €9,819 | €5,236 | ▼ 46.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €48,690 | €55,431 | €254,149 | €448,876 | ▲ 76.6% |
| Equity10/15 | €34,256 | €44,682 | €93,422 | €184,442 | ▲ 97.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | - | €18,600 | - | - |
| Issued capital100 | €18,600 | - | €18,600 | - | - |
| Reserves13 | €15,656 | €15,656 | €15,656 | €105,253 | ▲ 572% |
| Non-distributable reserves130/1 | €1,860 | - | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | - | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Distributable reserves133 | €13,796 | - | €13,796 | €103,393 | ▲ 649% |
| Profit (loss) carried forward14 | - | €10,426 | €59,166 | €60,589 | ▲ 2.4% |
| Amounts payable17/49 | €14,434 | €10,748 | €160,727 | €264,434 | ▲ 64.5% |
| Amounts payable after more than one year17 | - | - | €15,000 | €9,178 | ▼ 38.8% |
| Financial debts170/4 | - | - | €15,000 | €9,178 | ▼ 38.8% |
| Amounts payable within one year42/48 | €14,434 | €10,748 | €145,727 | €255,256 | ▲ 75.2% |
| Current portion of amounts payable after more than one year42 | - | - | €10,685 | €3,500 | ▼ 67.2% |
| Trade debts44 | €3,408 | €3,974 | €72,433 | €179,132 | ▲ 147% |
| Suppliers440/4 | €3,408 | - | €72,433 | €179,132 | ▲ 147% |
| Taxes, remuneration and social security45 | €8,476 | - | €62,609 | €72,624 | ▲ 16.0% |
| Taxes450/3 | €3,119 | - | €23,598 | €72,624 | ▲ 208% |
| Remuneration and social security454/9 | €5,357 | - | €39,011 | - | - |
| Other amounts payable47/48 | €2,550 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,656 | €10,426 | €48,740 | €89,598 | ▲ 83.8% |
| + Depreciation and write-downs630 | €7,664 | €1,423 | €1,538 | €8,738 | ▲ 468% |
| Operating cash flow (approximation) | €23,320 | €11,849 | €50,278 | €98,336 | ▲ 95.6% |
| Investment in fixed assets (approximation) | - | -€5,588 | -€0 | -€43,789 | ▼ 9,951,945% |
| Change in cash | - | €1,930 | -€17,663 | -€4,583 | ▲ 74.1% |
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
2024
30-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 23-04-2024
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
04-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 307 days late
30-06
Financial
Highest result since 2020net €89,598 ▲83.8%
Operating result €148,969, net result €89,598, both a record.
30-06
Financial
Equity above €150,000Eq €184,442 ▲97.4%
4 profitable years in a row build equity to €184,442.
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
30-06
Financial
Weakest financial yearnet €10,426 ▼33.4%
Net result drops to €10,426, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 15 days late
15-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 15 days late
SignalFinancial 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, Gent · 1 establishment unit since 2019
Ground area
135 m²
Building footprint
33 m²
Volume, LiDAR
356 m³
Parcel 44804D0081/00V012, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ACT GROEP
since 20192.282.916.378
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D0081/00V012 | Flanders | 135 m² | 1 · 33 m² | 12.6 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PATRICIA VANDENBERGE BURGEMEESTER EDMOND
RONSESTRAAT 4, 9820 05 MELSEN |
23-04-2024 → present |
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Of 1,823 companies in sector 42220 we hold annual accounts for 957. 683 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
Founded18-12-2018
Fiscal year end30-06
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
42110Construction of roads and motorways
43350Other building finishing work
43990Other specialised construction activities
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.