Checked.be
Active
BE 0806.383.368Private limited company (pre-2019)
POLY-TECH TIENEN
Vaanstraat 50 ·3471 Kortenaken, Belgium· 17 yrs active
Sector: Manufacture of rubber and plastic products
(22210)
Conclusion
POLY-TECH TIENEN has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87k and a net result of €23k. Equity is growing by ~51.1% per year across the filed fiscal years. Its solvency ranks better than 74% of 124 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €87k |
| Net result | €23k |
| Better than sector | 74% |
| Active | 17 yrs |
Financial profile
94
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
93
Profitability
100
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2008, 17 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
93
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€8k
estimate, not credit advice
Score history
93
2022
93
2023
100
2024
93
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 3.62 (≥ 1.5)
+10
Quick ratio
Quick ratio 3.62 (≥ 1.0)
+5
Leverage
Debt/equity 0.52 (< 1.0)
+10
Profitability
ROE 26% (≥ 10%)
+10
Interest coverage
Interest coverage 15.7× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 09-02-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~51.1%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 22, Manufacture of rubber and plastic products · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 65.7% | 39.1% | |
| Net result | €23k | €8k | |
| Equity | €87k | €58k | |
| Gross operating margin | €34k | €34k | |
| Total assets | €133k | €196k |
€32k
-22.5%
22-25
€23k
-18.7%
22-25
€25k
-17.8%
22-25
€133k
+47.3%
22-25
€87k
+34.2%
22-25
€81k
+29.1%
22-25
€10k
-12.9%
22-25
€833
+4.1%
22-25
€45k
+81.1%
22-25
€31k
+23.7%
22-25
€14k
-
22-25
3.62
+3.1%
22-25
3.62
+3.1%
22-25
65.7%
-8.9%
22-25
0.52
+34.9%
22-25
26.5%
-39.5%
22-25
17.4%
-44.8%
22-25
15.68
-2.4%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €32k | €41k | €20k | €23k |
| Net profit | €23k | €28k | €12k | €16k |
| Cash flow | €25k | €30k | €15k | €18k |
| Staff costs | - | - | - | - |
| Income taxes | €10k | €11k | €4k | €4k |
| Dividends | €833 | €800 | €800 | €800 |
| Total assets | €133k | €90k | €58k | €46k |
| Equity | €87k | €65k | €37k | €26k |
| Debt | €45k | €25k | €21k | €20k |
| of which ≤ 1y | €31k | €25k | €21k | €20k |
| of which > 1y | €14k | - | - | - |
| Working capital | €81k | €62k | €34k | €22k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 3.62 | 3.51 | 2.67 | 2.07 |
| Quick ratio | 3.62 | 3.51 | 2.67 | 2.07 |
| Working capital ratio | 60.7% | 69.2% | 59.0% | 47.0% |
| Solvency | 65.7% | 72.1% | 64.2% | 56.2% |
| Debt / equity | 0.52 | 0.39 | 0.56 | 0.78 |
| Long-term debt ratio | 0.17 | - | - | - |
| Interest coverage | 15.68 | 16.06 | 11.26 | 12.57 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 17.4% | 31.5% | 20.8% | 34.2% |
| ROE | 26.5% | 43.7% | 32.4% | 60.9% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €133k | €90k | €58k | €46k |
| Fixed assets | 21/28 | €21k | €3k | €3k | €4k |
| Tangible fixed assets | 22/27 | €21k | €3k | €3k | €4k |
| Current assets | 29/58 | €111k | €87k | €55k | €42k |
| Amounts receivable within one year | 40/41 | €98k | €87k | €55k | €41k |
| Cash & bank | 54/58 | €10k | - | - | - |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €133k | €90k | €58k | €46k |
| Equity | 10/15 | €87k | €65k | €37k | €26k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Accumulated profits (losses) | 14 | €69k | €46k | €19k | €7k |
| Amounts payable | 17/49 | €45k | €25k | €21k | €20k |
| Amounts payable after one year | 17 | €14k | - | - | - |
| Amounts payable within one year | 42/48 | €31k | €25k | €21k | €20k |
| Trade debts payable within one year | 44 | €3k | €1k | €4k | €1k |
| Income statement | |||||
| Gross operating margin | 9900 | €34k | €42k | €21k | €25k |
| Operating result | 9901 | €30k | €39k | €17k | €21k |
| Financial income | 75 | €5k | €3k | €2k | €960 |
| Financial charges | 65 | €2k | €3k | €2k | €2k |
| Result before taxes | 9903 | €33k | €40k | €16k | €20k |
| Income taxes | 67/77 | €10k | €11k | €4k | €4k |
| Net result for the period | 9904 | €23k | €28k | €12k | €16k |
| Result to be appropriated | 9905 | €23k | €28k | €12k | €16k |
Legal Structure
| NACE primary | Manufacture of rubber and plastic products(22210) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 16-09-2008 |
| Status | Active |
| Postal code | 3471 |
Establishment units
Roxy Anders
since 20082.175.379.408
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24593H0080/00P004 | Flanders | 3,425 m² | 1 · 1,209 m² | 33.4 m · 11 fl. |
| 24042A0247/00B002 | Flanders | 1,594 m² | 1 · 166 m² | 6.7 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
09-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 9 days late
2025
05-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
30-06
Financial
Highest result since 2022net €28k ▲134%
Operating result €39k, net result €28k, both a record.
02-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
30-06
Financial
Weakest financial yearnet €12k ▼23.6%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 56 days late
2022
11-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
19-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
18-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 392 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Manufacture of rubber and plastic products22210
Names & trade names
| Legal nameNL | POLY-TECH TIENEN |
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