POLY - TRADING
ActiveSummary
POLY - TRADING has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-67k) and a net result of €-19k. Equity is shrinking by ~45.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Age of the figures
Age of the figures
9 mo
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 · 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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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 €-67k
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
72 d early
2023
55 d early
2022
45 d late
2021
59 d late
2020
27 d late
2019
68 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, abbreviated schema
Equity
€-67k▼ 40.5%
2024 · €-48k
2018: €77khighest in 8 years
2019: €66k▼ -13.3% vs 2018
2020: €16k▼ -76.5% vs 2019
2021: €-21k▼ -235% vs 2020
2022: €-29k▼ -35.5% vs 2021
2023: €-40k▼ -38.8% vs 2022
2024: €-48k▼ -20.1% vs 2023
2025: €-67k▼ -40.5% vs 2024lowest in 8 years
2018 → 2025
Total assets
€4k▲ 36.2%
2024 · €3k
2018: €519khighest in 8 years
2019: €70k▼ -86.6% vs 2018
2020: €71k▲ +1.8% vs 2019
2021: €31k▼ -56.6% vs 2020
2022: €3k▼ -89.7% vs 2021
2023: €4k▲ +11.6% vs 2022
2024: €3k▼ -23.1% vs 2023lowest in 8 years
2025: €4k▲ +36.2% vs 2024
2018 → 2025
Net result
€-19k▼ 142%
2024 · €-8k
2018: €4khighest in 8 years
2019: €-10k▼ -354% vs 2018
2020: €-51k▼ -399% vs 2019lowest in 8 years
2021: €-37k▲ +27.6% vs 2020
2022: €-8k▲ +79.6% vs 2021
2023: €-11k▼ -48.0% vs 2022
2024: €-8k▲ +28.2% vs 2023
2025: €-19k▼ -142% vs 2024
2018 → 2025
Working capital
€-70k▼ 41.7%
2024 · €-49k
2018: €395khighest in 8 years
2019: €62k▼ -84.3% vs 2018
2020: €12k▼ -80.7% vs 2019
2021: €-22k▼ -282% vs 2020
2022: €-31k▼ -44.1% vs 2021
2023: €-42k▼ -32.8% vs 2022
2024: €-49k▼ -18.3% vs 2023
2025: €-70k▼ -41.7% 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€-21k-€-29k▼ 35.5%€-40k▼ 38.8%€-48k▼ 20.1%€-67k▼ 40.5%
2021: €-21khighest in 5 years
2022: €-29k▼ -35.5% vs 2021
2023: €-40k▼ -38.8% vs 2022
2024: €-48k▼ -20.1% vs 2023
2025: €-67k▼ -40.5% vs 2024lowest in 5 years
Operating result€-38k-€-7k▲ 80.4%€-11k▼ 48.0%€-8k▲ 27.5%€-19k▼ 143%
2021: €-38klowest in 5 years
2022: €-7k▲ +80.4% vs 2021highest in 5 years
2023: €-11k▼ -48.0% vs 2022
2024: €-8k▲ +27.5% vs 2023
2025: €-19k▼ -143% vs 2024
Net result€-37k-€-8k▲ 79.6%€-11k▼ 48.0%€-8k▲ 28.2%€-19k▼ 142%
2021: €-37klowest in 5 years
2022: €-8k▲ +79.6% vs 2021highest in 5 years
2023: €-11k▼ -48.0% vs 2022
2024: €-8k▲ +28.2% vs 2023
2025: €-19k▼ -142% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19k in 2025 against €8k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4k
Fixed assets
€3k ▲ 81.0%
Current assets
€1k ▼ 16.4%
Key figures and ratios
EBITDA
€-19k▼
2024 · €-8k
Cash flow
€-19k▼
2024 · €-8k
Interest coverage
-642.68▼
2024 · -272.09
Debt
€71k▲
2024 · €51k
Debt ≤ 1 year
€71k▲
2024 · €51k
Ratios withheld: a balance sheet total of €4k is too small for a meaningful ratio.
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 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3k€4k▲
Fixed assets21/28€1k€3k▲
Tangible fixed assets22/27€0€1k▲
Plant, machinery and equipment23€0-
Furniture and vehicles24€0€1k▲
Financial fixed assets28€1k€1k=
Current assets29/58€1k€1k▼
Amounts receivable within one year40/41€488€681▲
Trade receivables40€417€417=
Other amounts receivable41€71€264▲
Cash at bank and in hand54/58€766€330▼
Deferred charges and accrued income490/1-€37
Equity and liabilities
Total equity and liabilities10/49€3k€4k▲
Equity10/15€-48k€-67k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-116k€-135k▼
Amounts payable17/49€51k€71k▲
Amounts payable within one year42/48€51k€71k▲
Trade debts44€37€179▲
Suppliers440/4€37€179▲
Other amounts payable47/48€50k€71k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€376€46▼
Other operating charges640/8€569€585▲
Gross operating margin9900€-7k€-19k▼
Operating profit (loss)9901€-8k€-19k▼
Financial charges65/66B€28€30▲
Recurring financial charges65€28€30▲
Profit (loss) for the period before taxes9903€-8k€-19k▼
Profit (loss) for the period9904€-8k€-19k▼
Profit (loss) for the period to be appropriated9905€-8k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-116k€-135k▼
Profit (loss) brought forward from the previous period14P€-108k€-116k▼
The notes to these accounts (7 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €923 | €841 | €376 | €46 | ▼ 87.7% |
| Other operating charges640/8 | €672 | €627 | €677 | €569 | €585 | ▲ 2.9% |
| Gross operating margin9900 | €-36k | €-6k | €-9k | €-7k | €-19k | ▼ 166% |
| Operating profit (loss)9901 | €-38k | €-7k | €-11k | €-8k | €-19k | ▼ 143% |
| Financial charges65/66B | €131 | €93 | €143 | €28 | €30 | ▲ 7.6% |
| Recurring financial charges65 | €131 | €93 | €143 | €28 | €30 | ▲ 7.6% |
| Profit (loss) for the period before taxes9903 | €-38k | €-8k | €-11k | €-8k | €-19k | ▼ 142% |
| Income taxes67/77 | €-1k | - | - | - | - | - |
| Profit (loss) for the period9904 | €-37k | €-8k | €-11k | €-8k | €-19k | ▼ 142% |
| Profit (loss) for the period to be appropriated9905 | €-37k | €-8k | €-11k | €-8k | €-19k | ▼ 142% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31k | €3k | €4k | €3k | €4k | ▲ 36.2% |
| Fixed assets21/28 | €4k | €3k | €2k | €1k | €3k | ▲ 81.0% |
| Tangible fixed assets22/27 | €2k | €1k | €376 | €0 | €1k | - |
| Plant, machinery and equipment23 | - | - | - | €0 | - | - |
| Furniture and vehicles24 | €2k | €1k | €376 | €0 | €1k | - |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €27k | €486 | €2k | €1k | €1k | ▼ 16.4% |
| Amounts receivable within one year40/41 | €27k | €153 | €856 | €488 | €681 | ▲ 39.5% |
| Trade receivables40 | €25k | - | €417 | €417 | €417 | = |
| Other amounts receivable41 | €1k | €153 | €439 | €71 | €264 | ▲ 271% |
| Cash at bank and in hand54/58 | €307 | €298 | €839 | €766 | €330 | ▼ 56.9% |
| Deferred charges and accrued income490/1 | €182 | €36 | - | - | €37 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31k | €3k | €4k | €3k | €4k | ▲ 36.2% |
| Equity10/15 | €-21k | €-29k | €-40k | €-48k | €-67k | ▼ 40.5% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €-89k | €-97k | €-108k | €-116k | €-135k | ▼ 16.7% |
| Amounts payable17/49 | €52k | €32k | €43k | €51k | €71k | ▲ 40.3% |
| Amounts payable within one year42/48 | €49k | €32k | €43k | €51k | €71k | ▲ 40.3% |
| Trade debts44 | €2k | €427 | €35 | €37 | €179 | ▲ 384% |
| Suppliers440/4 | €2k | €427 | €35 | €37 | €179 | ▲ 384% |
| Advances received on contracts in progress46 | €24k | - | - | - | - | - |
| Other amounts payable47/48 | €23k | €31k | €43k | €50k | €71k | ▲ 40.0% |
| Accrued charges and deferred income492/3 | €3k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-37k | €-8k | €-11k | €-8k | €-19k | ▼ 142% |
| + Depreciation and write-downs630 | €2k | €923 | €841 | €376 | €46 | ▼ 87.7% |
| Operating cash flow (approximation) | €-35k | €-7k | €-10k | €-8k | €-19k | ▼ 154% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-1k | - |
| Change in cash | - | €-9 | €541 | €-73 | €-436 | ▼ 496% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 45 days late
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet €-51k
Net result drops to €-51k, the lowest in the series; recovery starts the following year.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 68 days late
2019
31-12
Financial
Liquidity times 5current ratio 19.51
Current ratio from 4.28 to 19.51; short-term debt falls from €120k to €3k.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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, Beerse · 1 establishment unit since 1989
Ground area
3,282 m²
Building footprint
369 m²
Volume, LiDAR
1,433 m³
Parcel 13004C0385/00X023, Flanders · tallest building 7.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
POLY-TRADING NV
since 19892.043.669.640
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13004C0385/00X023 | Flanders | 3,282 m² | 1 · 369 m² | 7.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 250 companies in sector 46432 we hold annual accounts for 171. 63 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded10-05-1989
Fiscal year end31-12
Activities, NACEBEL 2025
46432Wholesale trade
47400Retail sale of information and communication equipment
Scores and ratios are computed by Checked and are not a credit decision.