POLHUYS
ActiveSummary
POLHUYS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€80,963) and a net result of €31,400. Equity is growing by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 10% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-2
Solvency20▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.08 against 0.06 in 2024; short-term debt: 104.7% and cash: 1% of total assets), and equity is negative.
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Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 4613 sector peers (2025).
NBB · sector comparisonPosition among 4613 sector peers
Solvency
better than 10%
← weakest
strongest →
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
44 d early
2023
68 d early
2022
59 d early
2021
51 d early
2020
45 d early
2019
119 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 10 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€31,400▼ 44.1%
2024 · €56,140
Working capital
-€1.7m▲ 5.1%
2024 · -€1.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Line20212022202320242025
Operating result€44,021▼ 34.9%€63,261▲ 43.7%€41,209▼ 34.9%€60,003▲ 45.6%€32,957▼ 45.1%
Net result€23,425within the sector's middle half▼ 56.2%€41,304within the sector's middle half▲ 76.3%€14,394within the sector's middle half▼ 65.2%€56,140within the sector's middle half▲ 290%€31,400within the sector's middle half▼ 44.1%
Equity-€224,201below the sector's middle half▲ 24.2%-€182,897below the sector's middle half▲ 18.4%-€168,503below the sector's middle half▲ 7.9%-€112,363below the sector's middle half▲ 33.3%-€80,963below the sector's middle half▲ 27.9%
Total assets€1.9mwithin the sector's middle half▼ 8.9%€1.8mwithin the sector's middle half▼ 5.5%€1.8mwithin the sector's middle half▲ 0.3%€1.7mwithin the sector's middle half▼ 3.1%€1.7mwithin the sector's middle half▼ 1.0%
Debt€2.1m▼ 10.8%€2.0m▼ 6.8%€2.0m▼ 0.5%€1.9m▼ 5.7%€1.8m▼ 2.6%
Working capital-€2.0mbelow the sector's middle half▲ 7.4%-€1.9mbelow the sector's middle half▲ 4.9%-€1.8mbelow the sector's middle half▲ 4.1%-€1.7mbelow the sector's middle half▲ 5.7%-€1.7mbelow the sector's middle half▲ 5.1%
Solvency-11.8%below the sector's middle half▲ 2.4pp-10.2%below the sector's middle half▲ 1.6pp-9.4%below the sector's middle half▲ 0.8pp-6.5%below the sector's middle half▲ 2.9pp-4.7%below the sector's middle half▲ 1.8pp
Current ratio0.04below the sector's middle half▼ 0.030.02below the sector's middle half▼ 0.020.06below the sector's middle half▲ 0.040.06below the sector's middle half=0.08below the sector's middle half▲ 0.02
Return on assets (ROA)1.2%within the sector's middle half▼ 1.3pp2.3%within the sector's middle half▲ 1.1pp0.8%within the sector's middle half▼ 1.5pp3.2%within the sector's middle half▲ 2.4pp1.8%within the sector's middle half▼ 1.4pp
Staff (FTE)1.4within the sector's middle half▼ 12.5%1.3within the sector's middle half▼ 7.1%1.3within the sector's middle half=1.6within the sector's middle half▲ 23.1%1.5within the sector's middle half▼ 6.3%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 45% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.6m ▼ 3.5%
Current assets
€147,129 ▲ 37.9%
Key figures and ratios
EBITDA
€101,738▼
2024 · €139,736
Cash flow
€100,181▼
2024 · €135,873
Debt to equity
-22.26▼
2024 · -16.47
Interest coverage
85.53▲
2024 · 39.87
Debt ≤ 1 year
€1.8m▼
2024 · €1.9m
Income taxes
€367▲
2024 · €359
Staff costs
€134,768▲
2024 · €129,819
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,379 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
2.4%
went bankrupt
3.2%
stopped otherwise
94%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 1,379 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €97,998 | €105,007 | €115,940 | €129,819 | €134,768 | ▲ 3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €65,622 | €69,144 | €70,289 | €79,733 | €68,781 | ▼ 13.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €11,190 | - | - | - | - | - |
| Other operating charges640/8 | €9,768 | €6,916 | €4,647 | €9,634 | €5,935 | ▼ 38.4% |
| Gross operating margin9900 | €228,599 | €244,329 | €232,085 | €279,189 | €242,440 | ▼ 13.2% |
| Operating profit (loss)9901 | €44,021 | €63,261 | €41,209 | €60,003 | €32,957 | ▼ 45.1% |
| Financial income75/76B | €0 | - | - | €0 | €0 | ▼ 92.1% |
| Recurring financial income75 | €0 | - | - | €0 | €0 | ▼ 92.1% |
| Financial charges65/66B | €20,596 | €21,572 | €26,258 | €3,505 | €1,189 | ▼ 66.1% |
| Recurring financial charges65 | €20,596 | €21,572 | €26,258 | €3,505 | €1,189 | ▼ 66.1% |
| Profit (loss) for the period before taxes9903 | €23,425 | €41,689 | €14,951 | €56,499 | €31,767 | ▼ 43.8% |
| Income taxes67/77 | - | €385 | €556 | €359 | €367 | ▲ 2.3% |
| Profit (loss) for the period9904 | €23,425 | €41,304 | €14,394 | €56,140 | €31,400 | ▼ 44.1% |
| Profit (loss) for the period to be appropriated9905 | €23,425 | €41,304 | €14,394 | €56,140 | €31,400 | ▼ 44.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €1.8m | €1.8m | €1.7m | €1.7m | ▼ 1.0% |
| Fixed assets21/28 | €1.8m | €1.7m | €1.7m | €1.6m | €1.6m | ▼ 3.5% |
| Tangible fixed assets22/27 | €1.8m | €1.7m | €1.7m | €1.6m | €1.6m | ▼ 3.5% |
| Land and buildings22 | €985,179 | €953,704 | €922,229 | €893,864 | €862,286 | ▼ 3.5% |
| Plant, machinery and equipment23 | €788,882 | €766,239 | €731,474 | €724,072 | €688,375 | ▼ 4.9% |
| Furniture and vehicles24 | €8,526 | €5,485 | €5,256 | €1,804 | €11,896 | ▲ 560% |
| Other tangible fixed assets26 | €19,436 | €19,436 | €20,646 | €11,246 | €11,246 | = |
| Financial fixed assets28 | €575 | €575 | €575 | €575 | €575 | = |
| Current assets29/58 | €90,490 | €44,259 | €114,258 | €106,710 | €147,129 | ▲ 37.9% |
| Amounts receivable within one year40/41 | €67,168 | €41,004 | €92,295 | €39,968 | €127,086 | ▲ 218% |
| Trade receivables40 | €59,675 | €41,004 | €89,703 | €36,886 | €123,824 | ▲ 236% |
| Other amounts receivable41 | €7,493 | - | €2,591 | €3,082 | €3,261 | ▲ 5.8% |
| Cash at bank and in hand54/58 | €23,322 | €3,255 | €21,964 | €64,808 | €17,932 | ▼ 72.3% |
| Deferred charges and accrued income490/1 | - | - | - | €1,933 | €2,111 | ▲ 9.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €1.8m | €1.8m | €1.7m | €1.7m | ▼ 1.0% |
| Equity10/15 | -€224,201 | -€182,897 | -€168,503 | -€112,363 | -€80,963 | ▲ 27.9% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Profit (loss) carried forward14 | -€286,201 | -€244,897 | -€230,503 | -€174,363 | -€142,963 | ▲ 18.0% |
| Amounts payable17/49 | €2.1m | €2.0m | €2.0m | €1.9m | €1.8m | ▼ 2.6% |
| Amounts payable within one year42/48 | €2.1m | €2.0m | €2.0m | €1.9m | €1.8m | ▼ 2.6% |
| Financial debts43 | €311,714 | €311,714 | €311,714 | €311,714 | €311,714 | = |
| Other loans439 | €311,714 | €311,714 | €311,714 | €311,714 | €311,714 | = |
| Trade debts44 | €267,286 | €183,782 | €73,310 | €36,876 | €29,177 | ▼ 20.9% |
| Suppliers440/4 | €267,286 | €183,782 | €73,310 | €36,876 | €29,177 | ▼ 20.9% |
| Taxes, remuneration and social security45 | €29,677 | €26,175 | €37,215 | €31,625 | €33,130 | ▲ 4.8% |
| Taxes450/3 | €18,049 | €13,923 | €24,149 | €17,214 | €18,234 | ▲ 5.9% |
| Remuneration and social security454/9 | €11,628 | €12,251 | €13,066 | €14,412 | €14,896 | ▲ 3.4% |
| Other amounts payable47/48 | €1.5m | €1.5m | €1.5m | €1.5m | €1.4m | ▼ 2.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,425 | €41,304 | €14,394 | €56,140 | €31,400 | ▼ 44.1% |
| + Depreciation and write-downs630 | €65,622 | €69,144 | €70,289 | €79,733 | €68,781 | ▼ 13.7% |
| Operating cash flow (approximation) | €89,047 | €110,448 | €84,683 | €135,873 | €100,181 | ▼ 26.3% |
| Investment in fixed assets (approximation) | - | -€11,985 | -€5,030 | -€31,115 | -€11,598 | ▲ 62.7% |
| Change in cash | - | -€20,067 | €18,709 | €42,844 | -€46,876 | ▼ 209% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €56,140 ▲290%
Net result €56,140, the highest in the series.
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €53,520
Net result €53,520 after 2 loss-making years.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 119 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 20 days late
2018
26-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 118 days late
2017
23-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 84 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Damme · 1 establishment unit since 2013
Ground area
1,851 m²
Building footprint
114 m²
Volume, LiDAR
506 m³
Parcel 31023B0223/00D000, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Sabtsweg 10, 8340 Damme
since 20132.236.915.713
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31023B0223/00D000 | Flanders | 1,851 m² | 1 · 114 m² | 6.3 m · 1 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 9,698 companies in sector 68121 we hold annual accounts for 7,393. 778 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-03-2013
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
70200Business and other management consultancy
01480Raising of other animals
02100Forestry and logging
03220Fishing and aquaculture
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0523929563
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.