POLIMAT
ActiveSummary
POLIMAT has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,754 and a net result of €206,068. Equity is shrinking by ~6.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+37
Solvency27▲+27
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 21.35 against 1.95 in 2024; short-term debt: 2.4% and cash: 6.3% of total assets), but 97.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
2.4%
Return on assets
42.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-09-2026, 57 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
57 d late
2024
74 d late
2023
141 d late
2022
58 d late
2021
24 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 68 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 27 September (4 of the last 5 filed years within 34 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, micro schema
Equity
€11,754
2024 · -€194,314
Total assets
€487,134▲ 75.5%
2024 · €277,500
Net result
€206,068
2024 · -€12,338
Working capital
€238,520▲ 2,022%
2024 · €11,242
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
Line20212022202320242025
Operating result-€9,784▼ 213%-€12,928▼ 32.1%-€9,910▲ 23.3%-€12,203▼ 23.1%€208,489
Net result-€9,904▼ 266%-€13,133▼ 32.6%-€10,030▲ 23.6%-€12,338▼ 23.0%€206,068
Equity-€158,814▼ 6.7%-€171,947▼ 8.3%-€181,976▼ 5.8%-€194,314▼ 6.8%€11,754
Total assets€316,485▼ 1.8%€299,585▼ 5.3%€289,597▼ 3.3%€277,500▼ 4.2%€487,134▲ 75.5%
Debt€475,299▲ 0.9%€471,532▼ 0.8%€471,574=€471,814▲ 0.1%€475,380▲ 0.8%
Working capital€5,215▲ 40.0%€6,275▲ 20.3%€6,024▼ 4.0%€11,242▲ 86.6%€238,520▲ 2,022%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €208,489 after a loss of €12,203 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €487,134
Fixed assets
€236,889 ▼ 6.9%
Current assets
€250,244 ▲ 985%
Equity and liabilities €487,134
Equity
€11,754
Debt
€475,380
Debt finances 97.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€226,044▲
2024 · €5,352
Cash flow
€223,623▲
2024 · €5,217
Current ratio
21.35▲
2024 · 1.95
Debt to equity
40.44▲
2024 · -2.43
ROA
42.3%▲
2024 · -4.4%
Interest coverage
93.37▲
2024 · 39.65
Debt ≤ 1 year
€11,724▼
2024 · €11,814
Debt > 1 year
€461,400▲
2024 · €460,000
A ratio outside any meaningful range has been withheld (balance sheet total €487,134, equity €11,754).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 496 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.2%
went bankrupt
3.2%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
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 496 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,041 | €17,725 | €16,814 | €17,555 | €17,555 | = |
| Other operating charges640/8 | €10,288 | €12,743 | €11,638 | €11,842 | €12,264 | ▲ 3.6% |
| Gross operating margin9900 | €17,545 | €17,539 | €18,542 | €17,194 | €238,308 | ▲ 1,286% |
| Operating profit (loss)9901 | -€9,784 | -€12,928 | -€9,910 | -€12,203 | €208,489 | ▲ 1,809% |
| Financial charges65/66B | €120 | €205 | €120 | €135 | €2,421 | ▲ 1,693% |
| Recurring financial charges65 | €120 | €205 | €120 | €135 | €2,421 | ▲ 1,693% |
| Profit (loss) for the period before taxes9903 | -€9,904 | -€13,133 | -€10,030 | -€12,338 | €206,068 | ▲ 1,770% |
| Profit (loss) for the period9904 | -€9,904 | -€13,133 | -€10,030 | -€12,338 | €206,068 | ▲ 1,770% |
| Profit (loss) for the period to be appropriated9905 | -€9,904 | -€13,133 | -€10,030 | -€12,338 | €206,068 | ▲ 1,770% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €316,485 | €299,585 | €289,597 | €277,500 | €487,134 | ▲ 75.5% |
| Fixed assets21/28 | €295,971 | €281,778 | €271,999 | €254,444 | €236,889 | ▼ 6.9% |
| Tangible fixed assets22/27 | €295,971 | €281,778 | €271,999 | €254,444 | €236,889 | ▼ 6.9% |
| Land and buildings22 | €290,260 | €276,424 | €267,002 | €249,804 | €232,606 | ▼ 6.9% |
| Furniture and vehicles24 | €5,711 | €5,354 | €4,997 | €4,640 | €4,283 | ▼ 7.7% |
| Current assets29/58 | €20,514 | €17,807 | €17,598 | €23,056 | €250,244 | ▲ 985% |
| Amounts receivable within one year40/41 | - | - | - | - | €219,476 | - |
| Trade receivables40 | - | - | - | - | €288 | - |
| Other amounts receivable41 | - | - | - | - | €219,188 | - |
| Cash at bank and in hand54/58 | €20,297 | €17,621 | €17,388 | €22,835 | €30,535 | ▲ 33.7% |
| Deferred charges and accrued income490/1 | €217 | €186 | €209 | €221 | €233 | ▲ 5.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €316,485 | €299,585 | €289,597 | €277,500 | €487,134 | ▲ 75.5% |
| Equity10/15 | -€158,814 | -€171,947 | -€181,976 | -€194,314 | €11,754 | ▲ 106% |
| Contributions10/11 | €32,227 | €32,227 | €32,227 | €32,227 | €32,227 | = |
| Reserves13 | €186 | €186 | €186 | €186 | €186 | = |
| Non-distributable reserves130/1 | €186 | €186 | €186 | €186 | €186 | = |
| Reserves not available under the articles1311 | €186 | €186 | €186 | €186 | €186 | = |
| Profit (loss) carried forward14 | -€191,227 | -€204,360 | -€214,389 | -€226,727 | -€20,659 | ▲ 90.9% |
| Amounts payable17/49 | €475,299 | €471,532 | €471,574 | €471,814 | €475,380 | ▲ 0.8% |
| Amounts payable after more than one year17 | €460,000 | €460,000 | €460,000 | €460,000 | €461,400 | ▲ 0.3% |
| Financial debts170/4 | €460,000 | €460,000 | €460,000 | €460,000 | €460,000 | = |
| Other amounts payable178/9 | - | - | - | - | €1,400 | - |
| Amounts payable within one year42/48 | €15,299 | €11,532 | €11,574 | €11,814 | €11,724 | ▼ 0.8% |
| Trade debts44 | €4,000 | €233 | - | €241 | €138 | ▼ 42.7% |
| Suppliers440/4 | €4,000 | €233 | - | €241 | €138 | ▼ 42.7% |
| Taxes, remuneration and social security45 | - | - | €120 | €120 | €132 | ▲ 10.3% |
| Taxes450/3 | - | - | €120 | €120 | €132 | ▲ 10.3% |
| Other amounts payable47/48 | €11,299 | €11,299 | €11,454 | €11,454 | €11,454 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,256 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,904 | -€13,133 | -€10,030 | -€12,338 | €206,068 | ▲ 1,770% |
| + Depreciation and write-downs630 | €17,041 | €17,725 | €16,814 | €17,555 | €17,555 | = |
| Operating cash flow (approximation) | €7,137 | €4,592 | €6,785 | €5,217 | €223,623 | ▲ 4,186% |
| Investment in fixed assets (approximation) | - | -€3,532 | -€7,036 | €0 | €0 | - |
| Change in cash | - | -€2,676 | -€232 | €5,446 | €7,700 | ▲ 41.4% |
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
26-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 57 days late
2025
31-12
Financial
Back to profitnet €206,068
Net result €206,068 after 7 loss-making years.
31-12
Financial
Liquidity times 11current ratio 21.35
Current ratio from 1.95 to 21.35; short-term debt falls from €11,814 to €11,724.
13-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 74 days late
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 141 days late
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 1.33
Current ratio from 0.40 to 1.33; short-term debt falls from €17,409 to €11,226.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet -€73,234
Net result drops to -€73,234, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Anderlecht · 1 establishment unit since 1974
Ground area
392 m²
Building footprint
57 m²
Volume, LiDAR
739 m³
2 parcels, Brussels · tallest building 16.2 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Herzieningslaan 63, 1070 Anderlecht
since 19742.010.620.849
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21305C0264/00H018 | Brussels | 262 m² | 1 · 57 m² | 16.2 m · 4 fl. |
| 21305C0264/00G018 | Brussels | 130 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded20-11-1974
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0414668565
Also
9925:BE0414668565
Registered
20-10-2025
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.