POLY-CREATION

Active

Private limited companyfounded 201412 yrs activeNijverheidslaan 17, 8880 Ledegem, BelgiumKBO/BCE: BE 0554.889.884

The computed 12-month bankruptcy probability of POLY-CREATION is 1.7% (moderate). The 2023 annual accounts show negative equity (€-52k) and a net result of €-29k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 168 sector peers (fiscal year 2023). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2023

7 / 100

Critical= vs 2022

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2022

Profitability100=

Solvency37▼-3

Growth32=

Stability100

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.65 against 0.78 in 2022), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 2023

Solvency, return and age of the figures

Solvency

-12.2%

Return on assets

-6.9%

Age of the figures

32 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 22

Relative position

BE, all sectors

reference

Sector 22

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Negative equity

Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2023

Equity per financial year

181920212223

2018 to 2023 · latest year -€52k

Two or more financial years not filed

Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.

NBB · 9 filings

Position against the passed deadline

31-12-2024 close31-07-2025 deadline12-09-2026 today

Filed after the deadline

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-10-2024, 89 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 · 9 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

89 d late

2022

58 d late

2021

35 d early

2020

26 d late

2019

31 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2023, micro schema

Equity

€-52k▼ 129%

2022 · €-23k

2018: €2k 2019: €-5k 2020: €-24k 2021: €2k 2022: €-23k

2018 → 2023

Total assets

€426k▲ 1.2%

2022 · €421k

2018: €67k 2019: €84k 2020: €93k 2021: €134k 2022: €421k

2018 → 2023

Net result

€-29k▼ 17.1%

2022 · €-25k

2018: €4k 2019: €-7k 2020: €-19k 2021: €26k 2022: €-25k

2018 → 2023

Working capital

€-101k▼ 130%

2022 · €-44k

2018: €-11k 2019: €-29k 2020: €-47k 2021: €-22k 2022: €-44k

2018 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222023Trend

Equity€-5k-€-24k▼ 367%€2k€-23k€-52k▼ 129%

Operating result€-3k-€-12k▼ 317%€36k€-12k€-12k▼ 0.3%

Net result€-7k-€-19k▼ 171%€26k€-25k€-29k▼ 17.1%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €12k in 2023 against €12k in 2022; the loss grows and 2023 is the lowest year so far.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €426k

55.8%

44.2%

Fixed assets €238k▼ 8.9%

Current assets €188k▲ 17.7%

Key figures and ratios

2023 value · change against 2022

EBITDA

€24k▲

2022 · €14k

Cash flow

€6k▲

2022 · €943

Solvency

-12.2%▼

2022 · -5.4%

Current ratio

0.65▼

2022 · 0.78

Quick ratio

0.36▼

2022 · 0.48

Debt / equity

-9.16▲

2022 · -19.48

ROE

56.4%▼

2022 · 110.3%

ROA

-6.9%▼

2022 · -6.0%

Interest coverage

1.37▲

2022 · 1.08

Debt

€478k▲

2022 · €444k

Debt ≤ 1 year

€290k▲

2022 · €204k

Debt > 1 year

€188k▼

2022 · €240k

Income taxes

€196▲

2022 · €158

Staff costs

€140k▲

2022 · €109k

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 · 2023 against 2022

Balance sheet Code20222023

Assets

Total assets20/58€421k€426k▲

Fixed assets21/28€261k€238k▼

Tangible fixed assets22/27€261k€238k▼

Plant, machinery and equipment23€25k€31k▲

Furniture and vehicles24€2k€446▼

Leasing and similar rights25€218k€192k▼

Other tangible fixed assets26€17k€15k▼

Current assets29/58€160k€188k▲

Stocks and contracts in progress3€61k€86k▲

Stocks30/36€61k€86k▲

Amounts receivable within one year40/41€91k€48k▼

Trade receivables40€86k€22k▼

Other amounts receivable41€5k€25k▲

Cash at bank and in hand54/58€2k€47k▲

Deferred charges and accrued income490/1€5k€8k▲

Equity and liabilities

Total equity and liabilities10/49€421k€426k▲

Equity10/15€-23k€-52k▼

Contributions10/11€19k€19k=

Profit (loss) carried forward14€-41k€-71k▼

Amounts payable17/49€444k€478k▲

Amounts payable after more than one year17€240k€188k▼

Financial debts170/4€190k€151k▼

Other amounts payable178/9€50k€38k▼

Amounts payable within one year42/48€204k€290k▲

Current portion of amounts payable after more than one year42€37k€39k▲

Financial debts43€62k€113k▲

Credit institutions430/8€62k€113k▲

Trade debts44€53k€108k▲

Suppliers440/4€53k€108k▲

Taxes, remuneration and social security45€51k€28k▼

Taxes450/3€29k€2k▼

Remuneration and social security454/9€22k€26k▲

Other amounts payable47/48€2k€2k▲

Income statement Code20222023

Remuneration, social security and pensions62€109k€140k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€36k▲

Other operating charges640/8€6k€8k▲

Gross operating margin9900€129k€172k▲

Operating profit (loss)9901€-12k€-12k▼

Financial charges65/66B€13k€17k▲

Recurring financial charges65€13k€17k▲

Profit (loss) for the period before taxes9903€-25k€-29k▼

Income taxes67/77€158€196▲

Profit (loss) for the period9904€-25k€-29k▼

Profit (loss) for the period to be appropriated9905€-25k€-29k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-41k€-71k▼

Profit (loss) brought forward from the previous period14P€-16k€-41k▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 2Filings 9

2024

28-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 89 days late

2023

31-12

Financial Weakest financial yearnet €-29k

Net result drops to €-29k, the lowest in the series.

27-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 58 days late

2022

26-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Back to profitnet €26k

Net result €26k after 2 loss-making years.

26-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 26 days late

2020

31-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 31 days late

2019

28-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 28 days late

2018

26-06

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

28-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

16-06

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 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, Ledegem · 1 establishment unit since 2014

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.

Nijverheidslaan 178880 Ledegem

Ground area

1,655 m²

Building footprint

651 m²

Volume, LiDAR

4,503 m³

Parcel 36010C0732/00A000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

POLY-CREATION

Nijverheidslaan 17, 8880 LedegemPrinting and reproduction of recorded media

since 20142.234.297.010

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
36010C0732/00A000	Flanders	1,655 m²	1 · 651 m²	8.8 m · 2 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

Of 596 companies in sector 22260 we hold annual accounts for 278. 27 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded06-06-2014

Fiscal year end31-12

Activities, NACEBEL

22260Manufacture of rubber and plastic products

47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels

47990Retail trade

Sources

Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers

Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.