Polet Xavier
ActiveThe computed 12-month bankruptcy probability of Polet Xavier is 2.1% (moderate). The 2024 annual accounts show equity of €187k and a net result of €39k. Equity is growing by ~21.5% per year across the filed fiscal years. Its solvency ranks better than 48% of 36378 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▲+5
Solvency70▼-19
Growth52=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 2.3 against 5.3 in 2023; short-term debt: 24.2% and cash: 29% of total assets), but 55.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
28 d early
2022
32 d early
2021
10 d late
2020
37 d early
2019
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€187k▼ 0.7%
2023 · €189k
2019: €46k
2020: €93k
2021: €123k
2022: €173k
2023: €189k
2019 → 2024
Total assets
€420k▲ 42.1%
2023 · €296k
2019: €170k
2020: €259k
2021: €314k
2022: €301k
2023: €296k
2019 → 2024
Net result
€39k▲ 153%
2023 · €15k
2019: €40k
2020: €47k
2021: €30k
2022: €50k
2023: €15k
2019 → 2024
Working capital
€132k▼ 15.3%
2023 · €156k
2019: €24k
2020: €84k
2021: €144k
2022: €147k
2023: €156k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€93k-€123k▲ 32.5%€173k▲ 40.6%€189k▲ 8.8%€187k▼ 0.7%
Operating result€67k-€43k▼ 36.4%€68k▲ 60.9%€24k▼ 65.2%€52k▲ 120%
Net result€47k-€30k▼ 35.5%€50k▲ 65.5%€15k▼ 69.5%€39k▲ 153%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 120% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €420k
Fixed assets
€186k▲ 80.6%
Current assets
€234k▲ 21.5%
Equity and liabilities €420k
Equity
€187k▼ 0.7%
Debt
€233k▲ 118%
The debt ratio rises from 36.2% to 55.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€71k▲
2023 · €43k
Cash flow
€58k▲
2023 · €34k
Solvency
44.6%▼
2023 · 63.8%
Current ratio
2.30▼
2023 · 5.30
Quick ratio
2.24▼
2023 · 5.15
Debt / equity
1.24▲
2023 · 0.57
ROE
20.6%▲
2023 · 8.1%
ROA
9.2%▲
2023 · 5.2%
Interest coverage
22.66▲
2023 · 17.79
Debt
€233k▲
2023 · €107k
Debt ≤ 1 year
€102k▲
2023 · €36k
Debt > 1 year
€127k▲
2023 · €67k
Income taxes
€16k▲
2023 · €9k
Staff costs
€34k▲
2023 · €33k
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€296k€420k▲
Fixed assets21/28€103k€186k▲
Intangible fixed assets21€4k€2k▼
Tangible fixed assets22/27€99k€184k▲
Land and buildings22€86k€77k▼
Plant, machinery and equipment23€2k€5k▲
Furniture and vehicles24€11k€103k▲
Current assets29/58€193k€234k▲
Stocks and contracts in progress3€6k€6k▲
Stocks30/36€6k€6k▲
Amounts receivable within one year40/41€22k€55k▲
Trade receivables40€10k€37k▲
Other amounts receivable41€12k€18k▲
Current investments50/53€100k€50k▼
Cash at bank and in hand54/58€64k€122k▲
Deferred charges and accrued income490/1€839€1k▲
Equity and liabilities
Total equity and liabilities10/49€296k€420k▲
Equity10/15€189k€187k▼
Contributions10/11€6k€6k=
Reserves13€182k€181k▼
Distributable reserves133€182k€181k▼
Amounts payable17/49€107k€233k▲
Amounts payable after more than one year17€67k€127k▲
Financial debts170/4€67k€127k▲
Amounts payable within one year42/48€36k€102k▲
Current portion of amounts payable after more than one year42€8k€25k▲
Trade debts44€10k€19k▲
Suppliers440/4€10k€19k▲
Taxes, remuneration and social security45€18k€18k▼
Taxes450/3€13k€14k▲
Remuneration and social security454/9€4k€4k▼
Other amounts payable47/48-€40k
Accrued charges and deferred income492/3€4k€4k=
Income statement
Code20232024
Non-recurring operating income76A-€12k
Remuneration, social security and pensions62€33k€34k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€19k▲
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€77k€109k▲
Operating profit (loss)9901€24k€52k▲
Financial income75/76B€3k€6k▲
Recurring financial income75€3k€6k▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€24k€55k▲
Income taxes67/77€9k€16k▲
Profit (loss) for the period9904€15k€39k▲
Profit (loss) for the period to be appropriated9905€15k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€39k▲
Transfer from equity791/2-€40k
Transfer to equity691/2€15k€39k▲
To other reserves6921€15k€39k▲
Profit to be distributed694/7-€40k
Return on contributions (dividend)694-€40k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €15k ▼69.5%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2019net €50k ▲65.5%
Operating result €68k, net result €50k, both a record.
31-12
Financial
Equity above €150kEq €173k ▲40.6%
4 profitable years in a row build equity to €173k.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
31-12
Financial
Equity above €100kEq €123k ▲32.5%
3 profitable years in a row build equity to €123k.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wortegem-Petegem · 1 establishment unit since 2018
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.
Waregemseweg (W.) 1029790 Wortegem-PetegemGround area
3,512 m²
Building footprint
132 m²
Volume, LiDAR
934 m³
Parcel 45055C0118/00P000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Polet Xavier
since 20182.281.231.845
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45055C0118/00P000 | Flanders | 3,512 m² | 1 · 132 m² | 10.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 205 EUR awarded · 205 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 111 EUR | 111 EUR |
| 2023 | 1 | 94 EUR | 94 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,531 companies in sector 43222 we hold annual accounts for 5,661. 4,845 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-10-2018
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
43421Specialised construction activities
46832Wholesale of timber
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@xavierpolet.be
Phone:056/68.90.84