Summary
POLUMAVIO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €347k and a net result of €-208k. Equity is shrinking by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 14% of 8048 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 8048 sector peers (2025).
NBB · sector comparisonPosition among 8048 sector peers
Solvency
better than 14%
← 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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
51 d early
2023
48 d early
2022
24 d late
2021
16 d late
2020
50 d early
2019
13 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€347k▼ 37.5%
2024 · €555k
2018: €644k
2019: €907k▲ +40.8% vs 2018highest in 8 years
2020: €654k▼ -27.9% vs 2019
2021: €749k▲ +14.6% vs 2020
2022: €506k▼ -32.5% vs 2021
2023: €701k▲ +38.6% vs 2022
2024: €555k▼ -20.8% vs 2023
2025: €347k▼ -37.5% vs 2024lowest in 8 years
2018 → 2025
Net result
€-208k▼ 42.5%
2024 · €-146k
2018: €-337klowest in 8 years
2019: €263k▲ +178% vs 2018highest in 8 years
2020: €-253k▼ -196% vs 2019
2021: €95k▲ +138% vs 2020
2022: €-243k▼ -355% vs 2021
2023: €195k▲ +180% vs 2022
2024: €-146k▼ -175% vs 2023
2025: €-208k▼ -42.5% vs 2024
2018 → 2025
Total assets
€4.44M▼ 4.1%
2024 · €4.63M
2018: €4.75M
2019: €4.99M▲ +5.0% vs 2018highest in 8 years
2020: €4.71M▼ -5.6% vs 2019
2021: €4.81M▲ +2.2% vs 2020
2022: €4.57M▼ -5.0% vs 2021
2023: €4.78M▲ +4.4% vs 2022
2024: €4.63M▼ -3.1% vs 2023
2025: €4.44M▼ -4.1% vs 2024lowest in 8 years
2018 → 2025
Solvency
7.8%▼ 4.2pp
2024 · 12.0%
2018: 13.6%
2019: 18.2%▲ +34.1% vs 2018highest in 8 years
2020: 13.9%▼ -23.7% vs 2019
2021: 15.6%▲ +12.1% vs 2020
2022: 11.1%▼ -28.9% vs 2021
2023: 14.7%▲ +32.7% vs 2022
2024: 12.0%▼ -18.3% vs 2023
2025: 7.8%▼ -34.9% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€749k-€506k▼ 32.5%€701k▲ 38.6%€555k▼ 20.8%€347k▼ 37.5%
2021: €749khighest in 5 years
2022: €506k▼ -32.5% vs 2021
2023: €701k▲ +38.6% vs 2022
2024: €555k▼ -20.8% vs 2023
2025: €347k▼ -37.5% vs 2024lowest in 5 years
Operating result€-76k-€-95k▼ 26.2%€-86k▲ 10.1%€-83k▲ 2.8%€-103k▼ 23.7%
2021: €-76khighest in 5 years
2022: €-95k▼ -26.2% vs 2021
2023: €-86k▲ +10.1% vs 2022
2024: €-83k▲ +2.8% vs 2023
2025: €-103k▼ -23.7% vs 2024lowest in 5 years
Net result€95k-€-243k€195k€-146k€-208k▼ 42.5%
2021: €95k
2022: €-243k▼ -355% vs 2021lowest in 5 years
2023: €195k▲ +180% vs 2022highest in 5 years
2024: €-146k▼ -175% vs 2023
2025: €-208k▼ -42.5% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €103k in 2025 against €83k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.44M
Fixed assets
€50k =
Current assets
€4.39M ▼ 4.1%
Equity and liabilities €4.44M
Equity
€347k ▼ 37.5%
Debt
€4.09M ▲ 0.5%
Debt's share of the balance-sheet total rises from 88.0% to 92.2%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-60.0%▼
2024 · -26.3%
ROA
-4.7%▼
2024 · -3.2%
Debt ≤ 1 year
€4.07M▲
2024 · €4.05M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.63M€4.44M▼
Fixed assets21/28€50k€50k=
Tangible fixed assets22/27€50k€50k=
Other tangible fixed assets26€50k€50k=
Current assets29/58€4.58M€4.39M▼
Amounts receivable within one year40/41€259€22k▲
Other amounts receivable41€259€22k▲
Current investments50/53€4.48M€4.05M▼
Cash at bank and in hand54/58€78k€319k▲
Deferred charges and accrued income490/1€15k-
Equity and liabilities
Total equity and liabilities10/49€4.63M€4.44M▼
Equity10/15€555k€347k▼
Contributions10/11€19k€19k=
Reserves13€772k€772k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€770k€770k=
Profit (loss) carried forward14€-236k€-444k▼
Amounts payable17/49€4.07M€4.09M▲
Amounts payable within one year42/48€4.05M€4.07M▲
Financial debts43€4.00M€4.00M=
Credit institutions430/8€4.00M€4.00M=
Trade debts44€41k€57k▲
Suppliers440/4€41k€57k▲
Taxes, remuneration and social security45€10k€16k▲
Taxes450/3€10k€16k▲
Other amounts payable47/48€288€1k▲
Accrued charges and deferred income492/3€20k€18k▼
Income statement
Code20242025
Other operating charges640/8€209€7k▲
Gross operating margin9900€-83k€-96k▼
Operating profit (loss)9901€-83k€-103k▼
Financial income75/76B€119k€91k▼
Recurring financial income75€119k€91k▼
Financial charges65/66B€181k€196k▲
Recurring financial charges65€181k€196k▲
Profit (loss) for the period before taxes9903€-146k€-208k▼
Profit (loss) for the period9904€-146k€-208k▼
Profit (loss) for the period to be appropriated9905€-146k€-208k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-236k€-444k▼
Profit (loss) brought forward from the previous period14P€-90k€-236k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €8k | - | €209 | €7k | ▲ 3,359% |
| Gross operating margin9900 | €-76k | €-88k | €-86k | €-83k | €-96k | ▼ 15.3% |
| Operating profit (loss)9901 | €-76k | €-95k | €-86k | €-83k | €-103k | ▼ 23.7% |
| Financial income75/76B | €198k | €113k | €383k | €119k | €91k | ▼ 23.4% |
| Recurring financial income75 | €198k | €113k | €383k | €119k | €91k | ▼ 23.4% |
| Financial charges65/66B | €25k | €261k | €94k | €181k | €196k | ▲ 8.0% |
| Recurring financial charges65 | €25k | €261k | €94k | €181k | €196k | ▲ 8.0% |
| Profit (loss) for the period before taxes9903 | €97k | €-243k | €203k | €-146k | €-208k | ▼ 42.5% |
| Income taxes67/77 | €2k | - | €8k | - | - | - |
| Profit (loss) for the period9904 | €95k | €-243k | €195k | €-146k | €-208k | ▼ 42.5% |
| Profit (loss) for the period to be appropriated9905 | €95k | €-243k | €195k | €-146k | €-208k | ▼ 42.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.81M | €4.57M | €4.78M | €4.63M | €4.44M | ▼ 4.1% |
| Fixed assets21/28 | - | €50k | €50k | €50k | €50k | = |
| Tangible fixed assets22/27 | - | €50k | €50k | €50k | €50k | = |
| Other tangible fixed assets26 | - | €50k | €50k | €50k | €50k | = |
| Current assets29/58 | €4.81M | €4.52M | €4.73M | €4.58M | €4.39M | ▼ 4.1% |
| Amounts receivable within one year40/41 | €39k | €19k | €131 | €259 | €22k | ▲ 8,352% |
| Other amounts receivable41 | €39k | €19k | €131 | €259 | €22k | ▲ 8,352% |
| Current investments50/53 | €4.68M | €4.49M | €4.69M | €4.48M | €4.05M | ▼ 9.7% |
| Cash at bank and in hand54/58 | €92k | €17k | €31k | €78k | €319k | ▲ 308% |
| Deferred charges and accrued income490/1 | - | - | €9k | €15k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.81M | €4.57M | €4.78M | €4.63M | €4.44M | ▼ 4.1% |
| Equity10/15 | €749k | €506k | €701k | €555k | €347k | ▼ 37.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €772k | €772k | €772k | €772k | €772k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €770k | €770k | €770k | €770k | €770k | = |
| Profit (loss) carried forward14 | €-42k | €-285k | €-90k | €-236k | €-444k | ▼ 88.1% |
| Amounts payable17/49 | €4.06M | €4.07M | €4.08M | €4.07M | €4.09M | ▲ 0.5% |
| Amounts payable within one year42/48 | €4.05M | €4.05M | €4.05M | €4.05M | €4.07M | ▲ 0.5% |
| Financial debts43 | €4.00M | €4.00M | €4.00M | €4.00M | €4.00M | = |
| Credit institutions430/8 | €4.00M | €4.00M | €4.00M | €4.00M | €4.00M | = |
| Trade debts44 | €35k | €41k | €43k | €41k | €57k | ▲ 37.4% |
| Suppliers440/4 | €35k | €41k | €43k | €41k | €57k | ▲ 37.4% |
| Taxes, remuneration and social security45 | €19k | €10k | €10k | €10k | €16k | ▲ 56.6% |
| Taxes450/3 | €19k | €10k | €10k | €10k | €16k | ▲ 56.6% |
| Other amounts payable47/48 | €216 | €216 | €216 | €288 | €1k | ▲ 286% |
| Accrued charges and deferred income492/3 | €11k | €16k | €22k | €20k | €18k | ▼ 10.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €95k | €-243k | €195k | €-146k | €-208k | ▼ 42.5% |
| Operating cash flow (approximation) | €95k | €-243k | €195k | €-146k | €-208k | ▼ 42.5% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - |
| Change in cash | - | €-75k | €14k | €48k | €241k | ▲ 407% |
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
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €195k
Net result €195k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Back to profitnet €95k
Net result €95k after one loss-making year.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 13 days late
2019
31-12
Financial
Back to profitnet €263k
Net result €263k after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Tournai · 1 establishment unit since 2008
Ground area
928 m²
Building footprint
133 m²
Volume, LiDAR
958 m³
2 parcels, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Bardeau(MOU) 2, 7543 Tournai
since 20082.174.576.484
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57057A0233/00D000 | Wallonia | 769 m² | 1 · 85 m² | 8.1 m · 2 fl. |
| 57462A0281/00P046 | Wallonia | 159 m² | 1 · 48 m² | 10.8 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300TZ8ZBBEDPT5239
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Of 807 companies in sector 64999 we hold annual accounts for 484. 312 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
Founded17-07-2008
Fiscal year end31-12
Activities, NACEBEL 2025
64999Other financial services
Scores and ratios are computed by Checked and are not a credit decision.