POLISOL
ActiveSummary
POLISOL has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51,148 and a net result of -€10,170. Equity is shrinking by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 70% of 851 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-2
Solvency76▼-3
Growth22=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.99 against 1.01 in 2024; short-term debt: 40.7% and cash: 0.9% of total assets), and 48.6% of the assets are financed with debt.
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Signals
Six 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
51.4%
Return on assets
-10.2%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€10,170
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 21-11-2025, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 d early
2024
107 d early
2023
116 d early
2022
109 d early
2021
86 d early
2020
106 d early
2019
108 d early
← 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 100 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, full schema
In the rankings
#3 oldest company in Péruwelz, Construction sector
Turnover
€15,000▼ 77.7%
2021 · €67,200
EBIT margin
-92.8%▼ 80.1pp
2021 · -12.7%
Net result
-€10,170▼ 2.9%
2024 · -€9,881
Working capital
-€551
2024 · €239
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Turnover€67,200▲ 3.0%€15,000▼ 77.7%
Operating result-€8,529▼ 60.5%-€13,918▼ 63.2%-€15,308▼ 10.0%-€12,476▲ 18.5%-€12,754▼ 2.2%
Net result-€5,928below the sector's middle half▼ 118%-€8,596below the sector's middle half▼ 45.0%-€12,713below the sector's middle half▼ 47.9%-€9,881below the sector's middle half▲ 22.3%-€10,170below the sector's middle half▼ 2.9%
EBIT margin-12.7%▼ 4.5pp-92.8%▼ 80.1pp
Equity€95,228within the sector's middle half▼ 5.9%€83,912within the sector's middle half▼ 11.9%€71,199within the sector's middle half▼ 15.2%€61,318within the sector's middle half▼ 13.9%€51,148below the sector's middle half▼ 16.6%
Total assets€153,094below the sector's middle half▲ 1.0%€150,607below the sector's middle half▼ 1.6%€125,514below the sector's middle half▼ 16.7%€113,009below the sector's middle half▼ 10.0%€99,544below the sector's middle half▼ 11.9%
Debt€39,386▲ 34.4%€50,855▲ 29.1%€41,115▼ 19.2%€41,131=€40,476▼ 1.6%
Working capital€16,484within the sector's middle half▼ 65.1%€4,073below the sector's middle half▼ 75.3%€740below the sector's middle half▼ 81.8%€239below the sector's middle half▼ 67.7%-€551below the sector's middle half
Solvency62.2%above the sector's middle half▼ 4.5pp55.7%above the sector's middle half▼ 6.5pp56.7%above the sector's middle half▲ 1.0pp54.3%within the sector's middle half▼ 2.5pp51.4%within the sector's middle half▼ 2.9pp
Current ratio1.42within the sector's middle half▼ 1.191.08within the sector's middle half▼ 0.341.02below the sector's middle half▼ 0.061.01below the sector's middle half▼ 0.010.99below the sector's middle half▼ 0.02
Return on assets (ROA)-3.9%below the sector's middle half▼ 2.1pp-5.7%below the sector's middle half▼ 1.8pp-10.1%below the sector's middle half▼ 4.4pp-8.7%below the sector's middle half▲ 1.4pp-10.2%below the sector's middle half▼ 1.5pp
Staff (FTE)2below the sector's middle half▼ 25.9%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12,754 in 2025 against €12,476 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €99,544
Fixed assets
€59,619 ▼ 16.8%
Current assets
€39,925 ▼ 3.5%
Equity and liabilities €99,544
Equity
€51,148 ▼ 16.6%
Provisions
€7,920 ▼ 25.0%
Debt
€40,476 ▼ 1.6%
Debt's share of the balance-sheet total rises from 36.4% to 40.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€734▼
2024 · -€456
Cash flow
€1,850▼
2024 · €2,139
Debt to equity
0.79▲
2024 · 0.67
ROE
-19.9%▼
2024 · -16.1%
Interest coverage
-13.11▼
2024 · -10.13
Debt ≤ 1 year
€40,476▼
2024 · €41,131
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 5,834 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €67,200 | €15,000 | - | - | - | - |
| Non-recurring operating income76A | - | €2,525 | €395 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €4,553 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €894 | €53 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,293 | €11,895 | €12,020 | €12,020 | €12,020 | = |
| Other operating charges640/8 | - | €2,851 | €2,786 | €2,667 | €4,359 | ▲ 63.4% |
| Gross operating margin9900 | €42,968 | €1,722 | -€449 | €2,211 | €3,625 | ▲ 64.0% |
| Operating profit (loss)9901 | -€8,529 | -€13,918 | -€15,308 | -€12,476 | -€12,754 | ▼ 2.2% |
| Financial charges65/66B | - | €38 | €45 | €45 | €56 | ▲ 24.4% |
| Recurring financial charges65 | €39 | €38 | €45 | €45 | €56 | ▲ 24.4% |
| Profit (loss) for the period before taxes9903 | -€8,568 | -€13,956 | -€15,353 | -€12,521 | -€12,810 | ▼ 2.3% |
| Transfer from deferred taxes780 | - | €5,360 | €2,640 | €2,640 | €2,640 | = |
| Profit (loss) for the period9904 | -€5,928 | -€8,596 | -€12,713 | -€9,881 | -€10,170 | ▼ 2.9% |
| Transfer from tax-exempt reserves789 | - | €2,640 | €5,360 | €5,360 | €5,360 | = |
| Profit (loss) for the period to be appropriated9905 | -€568 | -€5,956 | -€7,353 | -€4,521 | -€4,810 | ▼ 6.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €153,094 | €150,607 | €125,514 | €113,009 | €99,544 | ▼ 11.9% |
| Fixed assets21/28 | €97,224 | €95,679 | €83,659 | €71,639 | €59,619 | ▼ 16.8% |
| Tangible fixed assets22/27 | €97,224 | €95,679 | €83,659 | €71,639 | €59,619 | ▼ 16.8% |
| Land and buildings22 | - | €11,579 | €11,579 | €11,579 | €11,579 | = |
| Plant, machinery and equipment23 | - | €3,236 | €2,236 | €1,236 | €236 | ▼ 80.9% |
| Other tangible fixed assets26 | - | €80,864 | €69,844 | €58,824 | €47,804 | ▼ 18.7% |
| Current assets29/58 | €55,870 | €54,928 | €41,855 | €41,370 | €39,925 | ▼ 3.5% |
| Stocks and contracts in progress3 | €12,000 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €39,097 | €50,242 | €39,093 | €38,280 | €38,606 | ▲ 0.9% |
| Trade receivables40 | - | €49,823 | €38,223 | €38,223 | €38,223 | = |
| Other amounts receivable41 | - | €419 | €870 | €57 | €383 | ▲ 572% |
| Cash at bank and in hand54/58 | €2,642 | €3,645 | €1,038 | €1,434 | €848 | ▼ 40.9% |
| Deferred charges and accrued income490/1 | - | €1,041 | €1,724 | €1,656 | €471 | ▼ 71.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €153,094 | €150,607 | €125,514 | €113,009 | €99,544 | ▼ 11.9% |
| Equity10/15 | €95,228 | €83,912 | €71,199 | €61,318 | €51,148 | ▼ 16.6% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Issued capital100 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €69,067 | €63,707 | €58,347 | €52,987 | €47,627 | ▼ 10.1% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | €32,160 | €26,800 | €21,440 | €16,080 | ▼ 25.0% |
| Distributable reserves133 | - | €29,688 | €29,688 | €29,688 | €29,688 | = |
| Profit (loss) carried forward14 | €7,569 | €1,613 | -€5,740 | -€10,261 | -€15,071 | ▼ 46.9% |
| Provisions and deferred taxes16 | €18,480 | €15,840 | €13,200 | €10,560 | €7,920 | ▼ 25.0% |
| Deferred taxes168 | - | €15,840 | €13,200 | €10,560 | €7,920 | ▼ 25.0% |
| Amounts payable17/49 | €39,386 | €50,855 | €41,115 | €41,131 | €40,476 | ▼ 1.6% |
| Amounts payable within one year42/48 | €39,386 | €50,855 | €41,115 | €41,131 | €40,476 | ▼ 1.6% |
| Trade debts44 | €675 | €10,499 | €758 | €774 | €471 | ▼ 39.1% |
| Suppliers440/4 | - | €10,499 | €758 | €774 | €471 | ▼ 39.1% |
| Other amounts payable47/48 | - | €40,356 | €40,357 | €40,357 | €40,005 | ▼ 0.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,928 | -€8,596 | -€12,713 | -€9,881 | -€10,170 | ▼ 2.9% |
| + Depreciation and write-downs630 | €11,293 | €11,895 | €12,020 | €12,020 | €12,020 | = |
| Operating cash flow (approximation) | €5,365 | €3,299 | -€693 | €2,139 | €1,850 | ▼ 13.5% |
| Investment in fixed assets (approximation) | - | -€10,350 | €0 | €0 | €0 | - |
| Change in cash | - | €1,003 | -€2,607 | €396 | -€586 | ▼ 248% |
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
2025
21-11
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
17-03
Financial
Weakest financial yearnet -€12,713
Net result drops to -€12,713, the lowest in the series; recovery starts the following year.
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
08-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Péruwelz · 1 establishment unit since 1974
Ground area
2,814 m²
Building footprint
811 m²
Volume, LiDAR
4,958 m³
2 parcels, Wallonia · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Cimetière(B.S) 6, 7603 Péruwelz
since 19742.009.524.551
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57064C0265/00Y000 | Wallonia | 2,378 m² | 1 · 722 m² | 6.9 m · 2 fl. |
| 57011E1188/00G000 | Wallonia | 435 m² | 1 · 89 m² | 11.5 m · 3 fl. |
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.
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AH Bouw
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NELSON CONSTRUCT
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 13,096 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
Founded18-03-1974
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
43410Roofing work
46831Wholesale of construction materials, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0414071719
Also
9925:BE0414071719
Registered
02-12-2025
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.