Polsec
ActiveSummary
Polsec has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €180,432 and a net result of €43,329. Equity is growing by ~27.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability98▼-2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 28.73 against 7.69 in 2023; short-term debt: 3.4% and cash: 32% of total assets), and 3.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 18-06-2025, 43 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
36 d early
2022
40 d early
2021
23 d late
2020
19 d late
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€180,432▲ 31.6%
2023 · €137,103
Total assets
€186,854▲ 18.9%
2023 · €157,108
Net result
€43,329▲ 3.0%
2023 · €42,049
Working capital
€178,079▲ 33.1%
2023 · €133,786
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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
Line20202021202220232024
Operating result€10,658▼ 88.7%€76,036▲ 613%€60,268▼ 20.7%€59,049▼ 2.0%€60,064▲ 1.7%
Net result€6,140within the sector's middle half▼ 89.9%€53,369above the sector's middle half▲ 769%€47,573above the sector's middle half▼ 10.9%€42,049within the sector's middle half▼ 11.6%€43,329within the sector's middle half▲ 3.0%
Equity€53,112within the sector's middle half▲ 13.1%€84,481within the sector's middle half▲ 59.1%€110,054within the sector's middle half▲ 30.3%€137,103within the sector's middle half▲ 24.6%€180,432above the sector's middle half▲ 31.6%
Total assets€83,713within the sector's middle half▼ 12.6%€124,128within the sector's middle half▲ 48.3%€141,703within the sector's middle half▲ 14.2%€157,108within the sector's middle half▲ 10.9%€186,854within the sector's middle half▲ 18.9%
Debt€30,601▼ 37.3%€39,647▲ 29.6%€31,648▼ 20.2%€20,004▼ 36.8%€6,422▼ 67.9%
Working capital€52,921▲ 13.9%€82,480▲ 55.9%€105,772▲ 28.2%€133,786▲ 26.5%€178,079▲ 33.1%
Solvency63.4%within the sector's middle half▲ 14.4pp68.1%within the sector's middle half▲ 4.6pp77.7%within the sector's middle half▲ 9.6pp87.3%above the sector's middle half▲ 9.6pp96.6%above the sector's middle half▲ 9.3pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
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 2% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €186,854
Fixed assets
€2,353 ▼ 29.1%
Current assets
€184,501 ▲ 20.0%
Equity and liabilities €186,854
Equity
€180,432 ▲ 31.6%
Debt
€6,422 ▼ 67.9%
Debt's share of the balance-sheet total falls from 12.7% to 3.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€61,029▲
2023 · €60,014
Cash flow
€44,293▲
2023 · €43,014
Current ratio
28.73▲
2023 · 7.69
Debt to equity
0.04▼
2023 · 0.15
ROE
24.0%▼
2023 · 30.7%
ROA
23.2%▼
2023 · 26.8%
Interest coverage
308.40▲
2023 · -60.51
Debt ≤ 1 year
€6,422▼
2023 · €20,004
Income taxes
€16,702▼
2023 · €17,994
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 26,964 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,501 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €328 | €205 | €599 | €965 | €965 | = |
| Other operating charges640/8 | - | €762 | €780 | €731 | €750 | ▲ 2.7% |
| Gross operating margin9900 | €11,399 | €77,004 | €61,647 | €60,744 | €61,779 | ▲ 1.7% |
| Operating profit (loss)9901 | €10,658 | €76,036 | €60,268 | €59,049 | €60,064 | ▲ 1.7% |
| Financial income75/76B | - | - | - | €2 | €165 | ▲ 8,433% |
| Recurring financial income75 | - | - | - | €2 | €165 | ▲ 8,433% |
| Financial charges65/66B | - | €435 | €2,901 | -€992 | €198 | ▲ 120% |
| Recurring financial charges65 | €494 | €435 | €2,901 | -€992 | €198 | ▲ 120% |
| Profit (loss) for the period before taxes9903 | €10,164 | €75,601 | €57,367 | €60,043 | €60,031 | = |
| Income taxes67/77 | €4,023 | €22,232 | €9,794 | €17,994 | €16,702 | ▼ 7.2% |
| Profit (loss) for the period9904 | €6,140 | €53,369 | €47,573 | €42,049 | €43,329 | ▲ 3.0% |
| Profit (loss) for the period to be appropriated9905 | €6,140 | €53,369 | €47,573 | €42,049 | €43,329 | ▲ 3.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €83,713 | €124,128 | €141,703 | €157,108 | €186,854 | ▲ 18.9% |
| Fixed assets21/28 | €192 | €2,001 | €4,282 | €3,318 | €2,353 | ▼ 29.1% |
| Tangible fixed assets22/27 | €192 | €2,001 | €4,282 | €3,318 | €2,353 | ▼ 29.1% |
| Furniture and vehicles24 | - | €2,001 | €4,282 | €3,318 | €2,353 | ▼ 29.1% |
| Current assets29/58 | €83,522 | €122,127 | €137,420 | €153,790 | €184,501 | ▲ 20.0% |
| Amounts receivable within one year40/41 | €14,850 | €6,292 | €8,435 | €6,492 | €8,965 | ▲ 38.1% |
| Trade receivables40 | - | €6,292 | €7,381 | €5,191 | €7,950 | ▲ 53.1% |
| Other amounts receivable41 | - | - | €1,054 | €1,301 | €1,015 | ▼ 22.0% |
| Current investments50/53 | - | €20,290 | €18,029 | €50,056 | €115,312 | ▲ 130% |
| Cash at bank and in hand54/58 | €68,236 | €94,178 | €110,488 | €96,730 | €59,713 | ▼ 38.3% |
| Deferred charges and accrued income490/1 | - | €1,366 | €469 | €512 | €511 | ▼ 0.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €83,713 | €124,128 | €141,703 | €157,108 | €186,854 | ▲ 18.9% |
| Equity10/15 | €53,112 | €84,481 | €110,054 | €137,103 | €180,432 | ▲ 31.6% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €46,912 | €78,281 | €103,854 | €130,903 | €174,232 | ▲ 33.1% |
| Distributable reserves133 | - | €78,281 | €103,854 | €130,903 | €174,232 | ▲ 33.1% |
| Amounts payable17/49 | €30,601 | €39,647 | €31,648 | €20,004 | €6,422 | ▼ 67.9% |
| Amounts payable within one year42/48 | €30,601 | €39,647 | €31,648 | €20,004 | €6,422 | ▼ 67.9% |
| Trade debts44 | €119 | €886 | €52 | €76 | €54 | ▼ 29.3% |
| Suppliers440/4 | - | €886 | €52 | €76 | €54 | ▼ 29.3% |
| Taxes, remuneration and social security45 | - | €16,761 | €9,596 | €4,929 | €6,368 | ▲ 29.2% |
| Taxes450/3 | - | €16,761 | €9,596 | €4,929 | €6,368 | ▲ 29.2% |
| Other amounts payable47/48 | - | €22,000 | €22,000 | €15,000 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,140 | €53,369 | €47,573 | €42,049 | €43,329 | ▲ 3.0% |
| + Depreciation and write-downs630 | €328 | €205 | €599 | €965 | €965 | = |
| Operating cash flow (approximation) | €6,469 | €53,574 | €48,172 | €43,014 | €44,293 | ▲ 3.0% |
| Investment in fixed assets (approximation) | - | -€2,015 | -€2,880 | €0 | €0 | - |
| Change in cash | - | €25,943 | €16,309 | -€13,757 | -€37,018 | ▼ 169% |
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
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 28.73
Current ratio from 7.69 to 28.73; short-term debt falls from €20,004 to €6,422.
31-12
Financial
Equity above €150,000Eq €180,432 ▲31.6%
6 profitable years in a row build equity to €180,432.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100,000Eq €110,054 ▲30.3%
4 profitable years in a row build equity to €110,054.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Weakest financial yearnet €6,140 ▼89.9%
Net result drops to €6,140, the lowest in the series; recovery starts the following year.
29-06
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.
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, Duffel · 1 establishment unit since 2018
Ground area
371 m²
Building footprint
128 m²
Volume, LiDAR
699 m³
Parcel 12009A0452/00F012, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Polsec bvba
since 20182.278.951.157
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12009A0452/00F012 | Flanders | 371 m² | 1 · 128 m² | 9.5 m · 2 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 30,007 companies in sector 62200 we hold annual accounts for 18,396. 15,110 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
Founded24-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
63910Web portal activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0701736305
Also
9925:BE0701736305
Registered
23-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.