POLYAC
Absorbed by CEMAVIOverview
Overview
Official details
Source: KBO- Status
- Absorbed by CEMAVI merger by absorption, August 2026
- Legal form
- Private limited company (pre-2019)
- Activity
- “Promouvoir une meilleure connaissance des langues et d'en faciliter la pratique” (deed in French)From the articles, 30 activitiesNo NACE code in the KBO yet
- Joint committees
- 200 Aanvullend Paritair Comité voor de bedienden
- 100 Aanvullend Paritair Comité voor de werklieden · annual accounts 2025
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2025
- Gross margin
- €164,437
- ▲ 19.3%
- Turnover
- ≈ €410,000
- estimated
- Profit
- €82,131
- Equity
- €133,513
- ▲ 160%
- Total assets
- €144,841
- ▼ 9.7%
- Employees on 31-12-2025
- 0
- ▼ 100%
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 22-06-2026 at the NBB all 40 filings
Turnover
≈ €410,000
Estimated: probably between €270,000 and €640,000
Total assets
€144,841▼ 9.7%
2024 · €160,430
Net result
€82,131
2024 · -€5,976
Working capital
€68,723▲ 59×
2024 · €1,166
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€82,431
2025
20182025
Net result
€82,131
2025
20182025
Equity
€133,513
▲ 160%
2025
20182025
Total assets
€144,841
▼ 9.7%
2025
20182025
Debt
€11,328
▼ 89.6%
2025
20182025
Working capital
€68,723
▲ 59×
2025
20182025
Staff (FTE)
0.9
▼ 50.0%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€27,870-€43,876▲ 57.4%€14,328▼ 67.3%-€48,220-€38,627▲ 19.9%-€63,958▼ 65.6%-€4,871▲ 92.4%€82,431
Net result€2,324-€38,130▲ 16×€8,778▼ 77.0%-€42,432-€39,277▲ 7.4%-€64,346▼ 63.8%-€5,976▲ 90.7%€82,131
Equity€169,250-€206,920▲ 22.3%€215,698▲ 4.2%€160,981▼ 25.4%€121,705▼ 24.4%€57,359▼ 52.9%€51,382▼ 10.4%€133,513▲ 160%
Total assets€230,400-€255,734▲ 11.0%€283,520▲ 10.9%€243,711▼ 14.0%€232,168▼ 4.7%€246,294▲ 6.1%€160,430▼ 34.9%€144,841▼ 9.7%
Debt€61,150-€48,814▼ 20.2%€67,822▲ 38.9%€82,730▲ 22.0%€110,464▲ 33.5%€188,935▲ 71.0%€109,047▼ 42.3%€11,328▼ 89.6%
Working capital€73,688-€123,169▲ 67.1%€159,104▲ 29.2%€117,614▼ 26.1%€67,252▼ 42.8%€9,541▼ 85.8%€1,166▼ 87.8%€68,723▲ 59×
Staff (FTE)1.6-1.6=1▼ 37.5%1.9▲ 90.0%1.9=1.9=1.8▼ 5.3%0.9▼ 50.0%
The operating result for 2025 is a profit of €82,431, after a loss of €4,871 in 2024. It is the highest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €144,841
Fixed assets
€67,190 ▼ 14.5%
Current assets
€77,651 ▼ 5.1%
Equity and liabilities €144,841
Equity
€133,513 ▲ 160%
Debt
€11,328 ▼ 89.6%
Debt's share of the balance-sheet total falls from 68.0% to 7.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€91,975▲
2024 · €23,448
Cash flow
€91,675▲
2024 · €22,343
Current ratio
8.70▲
2024 · 1.01
Debt to equity
0.08▼
2024 · 2.12
ROE
61.5%▲
2024 · -11.6%
ROA
56.7%▲
2024 · -3.7%
Interest coverage
over 100▲
2024 · 36.89
Debt ≤ 1 year
€8,928▼
2024 · €80,642
Debt > 1 year
€2,400▼
2024 · €3,360
Income taxes
€355▼
2024 · €469
Staff costs
€58,591▼
2024 · €105,565
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 2 | 0 |
| full-time | 1 | 1 | 1 | 1 | 0 |
| part-time | 1 | 1 | 1 | 1 | 0 |
| in full-time equivalents | 1.9 | 1.9 | 1.8 | 1.8 | 0 |
| Average over the year, in full-time equivalents | 1.9 | 1.9 | 1.9 | 1.8 | 0.9 |
| On a permanent contract | 2 | 2 | 2 | 2 | 0 |
| Joined | - | - | - | - | 0 |
| Left | - | - | - | - | 2 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €61,973 | €61,973 | €61,973 | - | - |
| Carrying value of the mortgaged assets | €28,763 | €44,358 | €11,284 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,463 | €18,444 | €37,686 | €14,036 | €2,385 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €25,320 | €22,353 | €26,837 | €28,320 | €9,544 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €86,500 | - |
| Remuneration, social security and pensions62 | - | - | - | €97,102 | €97,021 | €107,586 | €105,565 | €58,591 | ▼ 44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,318 | €19,241 | €23,838 | €25,320 | €22,353 | €26,837 | €28,320 | €9,544 | ▼ 66.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €1,271 | - |
| Other operating charges640/8 | - | - | - | €4,457 | €5,002 | €7,036 | €5,436 | €6,081 | ▲ 11.9% |
| Non-recurring operating charges66A | - | - | - | €0 | €12,774 | €5,226 | €3,398 | €6,520 | ▲ 91.9% |
| Gross operating margin9900 | €84,262 | €130,664 | €89,096 | €78,659 | €98,523 | €82,728 | €137,848 | €164,437 | ▲ 19.3% |
| Operating profit (loss)9901 | €27,870 | €43,876 | €14,328 | -€48,220 | -€38,627 | -€63,958 | -€4,871 | €82,431 | - |
| Financial income75/76B | - | - | - | €123 | €386 | €688 | €0 | €350 | - |
| Recurring financial income75 | €6 | - | - | €123 | €386 | €688 | €0 | €350 | - |
| Financial charges65/66B | - | - | - | €499 | €614 | €637 | €636 | €295 | ▼ 53.5% |
| Recurring financial charges65 | €1,792 | €1,602 | €2,623 | €499 | €614 | €637 | €636 | €295 | ▼ 53.5% |
| Profit (loss) for the period before taxes9903 | €26,084 | €42,274 | €11,705 | -€48,596 | -€38,854 | -€63,907 | -€5,507 | €82,486 | - |
| Income taxes67/77 | €23,760 | €4,144 | €2,927 | -€6,163 | €422 | €439 | €469 | €355 | ▼ 24.4% |
| Profit (loss) for the period9904 | €2,324 | €38,130 | €8,778 | -€42,432 | -€39,277 | -€64,346 | -€5,976 | €82,131 | - |
| Profit (loss) for the period to be appropriated9905 | €2,324 | €38,130 | €8,778 | -€42,432 | -€39,277 | -€64,346 | -€5,976 | €82,131 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €230,400 | €255,734 | €283,520 | €243,711 | €232,168 | €246,294 | €160,430 | €144,841 | ▼ 9.7% |
| Fixed assets21/28 | €121,634 | €111,530 | €108,821 | €85,966 | €82,056 | €92,905 | €78,621 | €67,190 | ▼ 14.5% |
| Tangible fixed assets22/27 | €120,061 | €109,957 | €107,248 | €85,966 | €82,056 | €92,905 | €78,621 | €67,190 | ▼ 14.5% |
| Land and buildings22 | - | - | - | €58,453 | €62,950 | €80,518 | €74,349 | €67,190 | ▼ 9.6% |
| Plant, machinery and equipment23 | - | - | - | €7,912 | €5,920 | €3,927 | €1,934 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €19,189 | €12,980 | €8,460 | €2,338 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | €412 | €206 | €0 | - | - | - |
| Financial fixed assets28 | €1,573 | €1,573 | €1,573 | - | - | - | - | - | - |
| Current assets29/58 | €108,766 | €144,204 | €174,699 | €157,745 | €150,112 | €153,389 | €81,809 | €77,651 | ▼ 5.1% |
| Amounts receivable within one year40/41 | €81,190 | €91,357 | €56,444 | €88,140 | €125,864 | €104,343 | €38,049 | €66,517 | ▲ 74.8% |
| Trade receivables40 | - | - | - | €62,892 | €114,510 | €94,704 | €37,989 | €61 | ▼ 99.8% |
| Other amounts receivable41 | - | - | - | €25,249 | €11,355 | €9,638 | €61 | €66,456 | ▲ 1,093× |
| Cash at bank and in hand54/58 | €25,874 | €52,847 | €118,255 | €55,276 | €17 | €16,676 | €23,329 | €9,721 | ▼ 58.3% |
| Deferred charges and accrued income490/1 | - | - | - | €14,329 | €24,231 | €32,370 | €20,430 | €1,413 | ▼ 93.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €230,400 | €255,734 | €283,520 | €243,711 | €232,168 | €246,294 | €160,430 | €144,841 | ▼ 9.7% |
| Equity10/15 | €169,250 | €206,920 | €215,698 | €160,981 | €121,705 | €57,359 | €51,382 | €133,513 | ▲ 160% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €2,694 | €2,694 | €2,694 | €2,694 | €102,829 | €38,329 | €32,329 | €114,829 | ▲ 255% |
| Non-distributable reserves130/1 | - | - | - | €1,829 | €1,829 | €1,829 | €1,829 | €1,829 | = |
| Reserves not available under the articles1311 | - | - | - | €1,829 | €1,829 | €1,829 | €1,829 | €1,829 | = |
| Distributable reserves133 | - | - | - | €865 | €101,000 | €36,500 | €30,500 | €113,000 | ▲ 270% |
| Profit (loss) carried forward14 | €147,964 | €185,634 | €194,412 | €139,695 | €283 | €437 | €461 | €92 | ▼ 80.1% |
| Amounts payable17/49 | €61,150 | €48,814 | €67,822 | €82,730 | €110,464 | €188,935 | €109,047 | €11,328 | ▼ 89.6% |
| Amounts payable after more than one year17 | €11,897 | €21,892 | €16,573 | €7,870 | €1,848 | €3,360 | €3,360 | €2,400 | ▼ 28.6% |
| Financial debts170/4 | - | - | - | €5,910 | €848 | €0 | - | - | - |
| Other amounts payable178/9 | - | - | - | €1,960 | €1,000 | €3,360 | €3,360 | €2,400 | ▼ 28.6% |
| Amounts payable within one year42/48 | €35,078 | €21,035 | €15,595 | €40,132 | €82,861 | €143,848 | €80,642 | €8,928 | ▼ 88.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €11,190 | €5,062 | €848 | €0 | - | - |
| Financial debts43 | - | - | - | - | €3,349 | €3,388 | €0 | - | - |
| Credit institutions430/8 | - | - | - | - | €3,349 | €3,388 | €0 | - | - |
| Trade debts44 | €3,136 | €6,713 | €1,903 | €6,521 | €5,602 | €14,926 | €3,964 | €4,126 | ▲ 4.1% |
| Suppliers440/4 | - | - | - | €6,521 | €5,602 | €14,926 | €3,964 | €4,126 | ▲ 4.1% |
| Advances received on contracts in progress46 | - | - | - | - | - | €1,452 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €16,086 | €29,360 | €31,162 | €20,885 | €480 | ▼ 97.7% |
| Taxes450/3 | - | - | - | €4,061 | €15,612 | €15,200 | €6,761 | €355 | ▼ 94.8% |
| Remuneration and social security454/9 | - | - | - | €12,025 | €13,748 | €15,962 | €14,124 | €126 | ▼ 99.1% |
| Other amounts payable47/48 | - | - | - | €6,334 | €39,488 | €92,072 | €55,793 | €4,322 | ▼ 92.3% |
| Accrued charges and deferred income492/3 | - | - | - | €34,729 | €25,755 | €41,728 | €25,045 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,324 | €38,130 | €8,778 | -€42,432 | -€39,277 | -€64,346 | -€5,976 | €82,131 | - |
| + Depreciation and write-downs630 | €22,318 | €19,241 | €23,838 | €25,320 | €22,353 | €26,837 | €28,320 | €9,544 | ▼ 66.3% |
| Operating cash flow (approximation) | €24,642 | €57,371 | €32,616 | -€17,112 | -€16,923 | -€37,509 | €22,343 | €91,675 | ▲ 310% |
| Investment in fixed assets (approximation) | - | -€9,137 | -€21,129 | -€2,465 | -€18,444 | -€37,686 | -€14,036 | €1,887 | - |
| Change in cash | - | €26,973 | €65,408 | -€62,979 | -€55,259 | €16,659 | €6,654 | -€13,609 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 40 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-06-2026 | 2026-00190045 | |
| 31-12-2024 | micro format | 19-08-2025 | 2025-00387136 | |
| 31-12-2023 | micro format | 26-07-2024 | 2024-00299223 | |
| 31-12-2022 | micro format | 21-08-2023 | 2023-00342914 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20395746 | |
| 31-12-2020 | micro format | 31-12-2021 | 2021-82600014 | |
| 31-12-2019 | micro format | 16-12-2020 | 2020-75600474 | |
| 31-12-2018 | micro format | 16-08-2019 | 2019-46700297 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-55300521 | |
| 31-12-2016 | micro format | 29-08-2017 | 2017-51700030 |
Board & ownership
Directors
Directors
1 director, no change since 2026
Marc GEERINCK
Current
Sole director · in office according to the act of 07-05-2026 · listed in the 2025 annual accounts, filed on 22-06-2026
Owners and capital
Capital transactions
Capital over time
- 07-05-2026 Capital stated in the deed · 750 shares
Network & group
Acquisitions and mergers
1 transactionTaken over by:CEMAVI
Connections & network
1 current directorThe network starts from the directors of POLYAC. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
04-08
Gazette deed
Merger: absorbed by CEMAVIDissolution of the company · Power of attorney: Marc Geerinck2 points ▸
Gazette deed
Merger: absorbed by CEMAVI
Dissolution of the company · Power of attorney: Marc Geerinck2 points ▸
- General meeting, 30-06-2026
- Power of attorney, Marc Geerinck
- The act holds 15 more points.
22-06
micro format · 39 days before the deadline
07-05
Gazette deed
Merger proposal: to be absorbed by CEMAVIDirector in office: Marc GEERINCK (sole director)2 points ▸
Gazette deed
Merger proposal: to be absorbed by CEMAVI
Director in office: Marc GEERINCK (sole director)2 points ▸
- Director in office, Marc GEERINCK (sole director), mentioned 2 times in the deed
- Accounting effect, 01-01-2026
- The act holds 17 more points.
2025
31-12
Financial
Back to profitnet €82,131
The net result is €82,131, after 4 loss-making years.
31-12
Financial
Liquidity more than 8 timescurrent ratio 8.70
The current ratio rises from 1.01 to 8.70. Short-term debt falls from €80,642 to €8,928.
31-12
Financial
Equity above €100,000equity €133,513 ▲160%
Equity rises from €51,382 to €133,513.
19-08
micro format · 19 days late
2024
26-07
micro format · 5 days before the deadline
2023
31-12
Financial
Weakest financial yearnet -€64,346
The net result drops to -€64,346, the lowest from 2018 to 2025.
21-08
micro format · 21 days late
2022
30-08
micro format · 30 days late
2021
31-12
micro format · 153 days late
Show earlier events
2020
16-12
micro format · 138 days late
2019
31-12
Financial
Liquidity more than doubledcurrent ratio 6.86
The current ratio rises from 3.10 to 6.86. Short-term debt falls from €35,078 to €21,035.
31-12
Financial
Equity above €200,000equity €206,920 ▲22.3%
With a profit in every financial year since 2018, equity grows to €206,920.
16-08
micro format · 16 days late
2018
31-08
micro format · 31 days late
2017
29-08
micro format · 29 days late
1985
15-11
Gazette deed
Incorporation
15 publications in the Belgian Official Gazette, the last on 04-08-2026
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Absorbed by CEMAVI in August 2026
POLYAC is no longer in the KBO register. CEMAVI took it over in a merger by absorption, published in the Belgian Official Gazette on 4 August 2026.
- Status
- Inactiveout of the register since 24 July 2026
- Reason
- Merger by absorptionBelgian Official Gazette, 4 August 2026 · act
- Absorbed by
- CEMAVI · 0873.697.212
- Last annual accounts
- financial year to 31 December 2025
- Last registered office
- Avenue Paul De Goussencourt 102, 7021 Havreas published on 4 August 2026
- Legal form
- Private limited company (pre-2019)
- Active since
- 24 October 1985
Purpose according to the articles of association
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Promouvoir une meilleure connaissance des langues et d'en faciliter la pratique; Exécuter des travaux de traduction et d'interprétation…”
30 activities
- Promouvoir une meilleure connaissance des langues et d'en faciliter la pratique
- Exécuter des travaux de traduction et d'interprétation linguistiques
- Faire de la recherche scientifique
- Dispenser un enseignement privé
- Cours de langues
- Cours de musique
- Cours d'informatique
- Séances d'expression verbale, non verbale
- Cours de civilisation
- Cours d'histoire des idées
- Cours des arts et des littératures
- Conférences débats
- Animations culturelles
- Excursions
- Voyages organisés
- Séances de laboratoire de langues
- Cours particuliers
- Stages de vacances et de week-end
- Échanges linguistiques
- Recyclages d'enseignants et d'hommes d'affaires
- Publications
- Recherches
- Méthodes
- Périodiques
- Cours par correspondance écrite ou téléphonique
- Cycles de formation aux différentes stratégies pédagogiques
- Promotion de la connaissance des langues
- Travaux de traduction et d'interprétation linguistiques
- Recherche scientifique
- Enseignement privé
Articles of association, deed of 07-05-2026 (in French)
Sites & property
Location
Buildings and parcels at the address
Ground area
2,351 m²
Building footprint
492 m²
Building volume
2,021 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 53038A0810/00V000 | Wallonia | 2,351 m² | 1 · 492 m² | 7.5 m · 1 |