POLY-PRODUCT
ActiveSummary
POLY-PRODUCT has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-32k) and a net result of €-27k. Equity is shrinking by ~35.5% per year across the filed fiscal years. Its solvency ranks better than 12% of 11322 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency0▼-20
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.38 against 0.61 in 2024; short-term debt: 147.7% and cash: 44.5% of total assets), and equity is negative.
Credit advice for your own amount and term
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 · 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
-47.8%
Return on assets
-40.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-32k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-09-2026, 35 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
35 d late
2024
56 d late
2023
30 d late
2022
30 d late
2021
22 d late
2020
30 d late
2019
31 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-32k▼ 530%
2024 · €-5k
2018: €131k
2019: €132k
2020: €114k
2021: €78k
2022: €75k
2023: €-18k
2024: €-5k
2018 → 2025
Total assets
€67k▼ 27.9%
2024 · €93k
2018: €225k
2019: €235k
2020: €213k
2021: €188k
2022: €180k
2023: €90k
2024: €93k
2018 → 2025
Net result
€-27k
2024 · €32k
2018: €-4k
2019: €903
2020: €-18k
2021: €-36k
2022: €-4k
2023: €-92k
2024: €32k
2018 → 2025
Working capital
€-62k▼ 59.9%
2024 · €-38k
2018: €-35k
2019: €-32k
2020: €64k
2021: €34k
2022: €32k
2023: €-56k
2024: €-38k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€78k-€75k▼ 4.7%€-18k€-5k▲ 71.2%€-32k▼ 530%
Operating result€-36k-€-4k▲ 89.5%€-92k▼ 2,365%€32k€-27k
Net result€-36k-€-4k▲ 89.7%€-92k▼ 2,407%€32k€-27k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €27k after €32k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67k
Fixed assets
€29k ▼ 11.8%
Current assets
€38k ▼ 36.9%
Key figures and ratios
EBITDA
€-22k▼
2024 · €37k
Cash flow
€-22k▼
2024 · €37k
Solvency
-47.8%▼
2024 · -5.5%
Current ratio
0.38▼
2024 · 0.61
Debt to equity
-3.09▲
2024 · -19.30
ROA
-40.2%▼
2024 · 33.8%
Interest coverage
-364.65▼
2024 · 779.40
Debt
€99k▲
2024 · €98k
Debt ≤ 1 year
€99k▲
2024 · €98k
Staff costs
€53k▲
2024 · €45k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€93k€67k▼
Fixed assets21/28€33k€29k▼
Tangible fixed assets22/27€8k€4k▼
Plant, machinery and equipment23€5k€1k▼
Furniture and vehicles24-€849
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€26k€26k=
Current assets29/58€60k€38k▼
Amounts receivable within one year40/41€2k€4k▲
Trade receivables40€0€71▲
Other amounts receivable41€2k€4k▲
Cash at bank and in hand54/58€54k€30k▼
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€93k€67k▼
Equity10/15€-5k€-32k▼
Contributions10/11€10k€10k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-17k€-44k▼
Investment grants15€0-
Amounts payable17/49€98k€99k▲
Amounts payable within one year42/48€98k€99k▲
Trade debts44€36k€37k▲
Suppliers440/4€36k€37k▲
Taxes, remuneration and social security45€6k€3k▼
Taxes450/3€802€375▼
Remuneration and social security454/9€6k€3k▼
Other amounts payable47/48€56k€59k▲
Accrued charges and deferred income492/3-€44
Income statement
Code20242025
Remuneration, social security and pensions62€45k€53k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€85k€34k▼
Operating profit (loss)9901€32k€-27k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€47€61▲
Recurring financial charges65€47€61▲
Profit (loss) for the period before taxes9903€32k€-27k▼
Profit (loss) for the period9904€32k€-27k▼
Profit (loss) for the period to be appropriated9905€32k€-27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-44k▼
Profit (loss) brought forward from the previous period14P€-48k€-17k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 35 days late
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Back to profitnet €32k
Net result €32k after 4 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-92k
Net result drops to €-92k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 1.64
Current ratio from 0.69 to 1.64; short-term debt falls from €103k to €99k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €903
Net result €903 after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 35 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wavre · 1 establishment unit since 1983
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.
Avenue Sabin 21300 WavreGround area
1,856 m²
Building footprint
472 m²
Volume, LiDAR
2,823 m³
Parcel 25112C0114/00D000, Wallonia · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Sabin 2, 1300 Wavre
since 19832.023.134.740
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25112C0114/00D000 | Wallonia | 1,856 m² | 1 · 472 m² | 6.7 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
Magnus Business Gifts
BE 0400.690.469
Lier · Eq €74,319
KARIDA
BE 0421.693.642
Beveren-Kruibeke-Zwijndrecht · Eq €73,924
SANIMA
BE 0651.623.432
Wavre · Eq €73,897
KEPPENS - CALLAERT
BE 0435.510.895
Lebbeke · Eq €73,878
SOWIN
BE 0766.267.831
Beersel · Eq €73,675
Of 1,803 companies in sector 46831 we hold annual accounts for 1,397. 730 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-06-1983
Fiscal year end31-12
Activities, NACEBEL 2025
31004Manufacture of dining room, living room, bedroom and bathroom furniture
46831Wholesale of construction materials, general range
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.