POLY - AL BOATS
ActivePOLY - AL BOATS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.02M and a net result of €89k. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 44% of 9582 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
87
/ 100
Excellent▲ +11 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability44▲+4
Solvency72▲+7
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 1.87 against 1.79 in 2023), but 66.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
33.4%
Return on assets
2.9%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
61 d late
2022
31 d late
2021
60 d late
2020
31 d early
2019
29 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.02M▲ 9.6%
2023 · €929k
2018: €525k
2019: €532k
2020: €568k
2021: €701k
2022: €854k
2023: €929k
2018 → 2024
Total assets
€3.05M▼ 0.8%
2023 · €3.07M
2018: €1.53M
2019: €1.38M
2020: €1.95M
2021: €2.81M
2022: €2.91M
2023: €3.07M
2018 → 2024
Net result
€89k▲ 18.9%
2023 · €75k
2018: €8k
2019: €7k
2020: €36k
2021: €133k
2022: €153k
2023: €75k
2018 → 2024
Working capital
€843k▲ 5.9%
2023 · €796k
2018: €498k
2019: €494k
2020: €51k
2021: €818k
2022: €770k
2023: €796k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€568k-€701k▲ 23.4%€854k▲ 21.8%€929k▲ 8.8%€1.02M▲ 9.6%
Operating result€41k-€107k▲ 165%€174k▲ 61.9%€114k▼ 34.4%€179k▲ 57.1%
Net result€36k-€133k▲ 266%€153k▲ 15.0%€75k▼ 50.9%€89k▲ 18.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 57% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.05M
Fixed assets
€1.24M▼ 2.6%
Current assets
€1.81M▲ 0.5%
Equity and liabilities €3.05M
Equity
€1.02M▲ 9.6%
Debt
€2.03M▼ 5.3%
The debt ratio falls from 69.8% to 66.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€285k▲
2023 · €226k
Cash flow
€195k▲
2023 · €187k
Solvency
33.4%▲
2023 · 30.2%
Current ratio
1.87▲
2023 · 1.79
Quick ratio
1.06▼
2023 · 1.07
Debt / equity
1.99▼
2023 · 2.31
ROE
8.8%▲
2023 · 8.1%
ROA
2.9%▲
2023 · 2.4%
Interest coverage
4.87▲
2023 · 4.79
Debt
€2.03M▼
2023 · €2.14M
Debt ≤ 1 year
€968k▼
2023 · €1.01M
Debt > 1 year
€1.06M▼
2023 · €1.14M
Income taxes
€35k▲
2023 · €19k
Staff costs
€94k▲
2023 · €79k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.07M€3.05M▼
Fixed assets21/28€1.27M€1.24M▼
Intangible fixed assets21€14k€11k▼
Tangible fixed assets22/27€1.26M€1.23M▼
Land and buildings22€1.09M€1.04M▼
Plant, machinery and equipment23€12k€7k▼
Furniture and vehicles24€3k€55k▲
Leasing and similar rights25€154k€121k▼
Financial fixed assets28€30€30=
Current assets29/58€1.80M€1.81M▲
Stocks and contracts in progress3€729k€782k▲
Stocks30/36€729k€782k▲
Amounts receivable within one year40/41€150k€105k▼
Trade receivables40€112k€90k▼
Other amounts receivable41€38k€15k▼
Cash at bank and in hand54/58€920k€918k▼
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€3.07M€3.05M▼
Equity10/15€929k€1.02M▲
Contributions10/11€411k€411k=
Reserves13€517k€607k▲
Distributable reserves133€517k€607k▲
Profit (loss) carried forward14€968€1k▲
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Other liabilities and charges164/5€0-
Amounts payable17/49€2.14M€2.03M▼
Amounts payable after more than one year17€1.14M€1.06M▼
Financial debts170/4€1.14M€1.06M▼
Amounts payable within one year42/48€1.01M€968k▼
Current portion of amounts payable after more than one year42€124k€129k▲
Financial debts43€550k€550k=
Credit institutions430/8€550k€550k=
Trade debts44€294k€244k▼
Suppliers440/4€294k€244k▼
Taxes, remuneration and social security45€33k€46k▲
Taxes450/3€25k€30k▲
Remuneration and social security454/9€8k€16k▲
Other amounts payable47/48€5k€66▼
Accrued charges and deferred income492/3€2k€5k▲
Income statement
Code20232024
Remuneration, social security and pensions62€79k€94k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€111k€106k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Provisions for liabilities and charges: additions (uses and reversals)635/8€-5k€0▲
Other operating charges640/8€12k€12k▲
Gross operating margin9900€311k€390k▲
Operating profit (loss)9901€114k€179k▲
Financial income75/76B€28k€4k▼
Recurring financial income75€28k€4k▼
Financial charges65/66B€47k€58k▲
Recurring financial charges65€47k€58k▲
Profit (loss) for the period before taxes9903€95k€125k▲
Income taxes67/77€19k€35k▲
Profit (loss) for the period9904€75k€89k▲
Profit (loss) for the period to be appropriated9905€75k€89k▲
Appropriation of the result
Profit (loss) to be appropriated9906€76k€90k▲
Profit (loss) brought forward from the previous period14P€808€968▲
Transfer to equity691/2€75k€89k▲
To the legal reserve6920€0-
To other reserves6921€75k€89k▲
Social balance
Average headcount (FTE)90871.31.3=
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
31-12
Financial
Equity above €1MEq €1.02M ▲9.6%
7 profitable years in a row build equity to €1.02M.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €153k ▲15%
Net result €153k, the highest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 60 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €7k ▼8.3%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Deinze · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kortrijksesteenweg 60-629800 DeinzeGround area
234 m²
Building footprint
137 m²
Volume, LiDAR
1,078 m³
Parcel 44054A0343/00F002, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
POLY-AL BOATS
since 20032.126.677.785
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44054A0343/00F002 | Flanders | 234 m² | 1 · 137 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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PUBLI - SPORT
BE 0415.751.797
Herselt · Eq €999k
TECTRONIC
BE 0897.182.494
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BELGIAN WEAPONS CORPORATION
BE 0446.354.705
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Of 1,306 companies in sector 47639 we hold annual accounts for 618. 309 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-02-2003
Fiscal year end31-12
Activities, NACEBEL
35120
47812Retail trade
47639Retail sale of other sporting goods
47640Retail trade
52482
33150Repair, maintenance and installation of machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.