POLYATEC
ActiveFrom the official registers: KBO 11 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
POLYATEC has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €307,703 and a net result of €98,198. Equity has been growing by about 26% per year since 2018. Its solvency ranks better than 56% of 34,902 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Official details
KBO- Status
- Active since 06-01-2015 Normal situation
- Legal form
- Private limited company
- Registered office
- Rue Aulnois(T) 9, 7070 Le Roeulx
- Activity
- General electrical installation work NACE 43211and 1 other
- Establishment units
- 2.238.125.540 7070 Le Roeulx, since 16-01-2015
- 2.292.177.603 7000 Mons, since 01-11-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 04-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
- Gross margin
- €304,679
- ▲ 42.7%
- Turnover
- ≈ €680,000
- estimated
- Profit
- €98,198
- ▲ 216%
- Equity
- €307,703
- ▲ 46.9%
- Total assets
- €590,128
- ▲ 24.6%
- Staff
- 6.3 FTE
Score breakdownraises riskLast filed accounts filed 45 days late; 3 of the last 3 accounts lateSector: Specialised construction activities (NACE 43)Liquidity: current ratio 2.00, cash €19,296lowers riskFounded in 2015Show the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 57% of them on solvency, 19% on liquidity, 75% on profitability and 82% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 257 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
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Financials · financial year 2025, micro format
2025 annual accounts filed 45 days after the deadline Filed on 14 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00512114.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 14-09-2026
- Format
- micro format
- Reference
- 2026-00512114
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 189% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Companies with the same profile, two years later
Historical observationIn July 2024, 34,693 companies had the same profile as POLYATEC has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of POLYATEC itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for POLYATEC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €65,562 | €64,441 | €107,192 | €113,310 | €155,628 | €164,855 | ▲ 5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,119 | €3,517 | €4,131 | €8,949 | €11,528 | €14,135 | €9,454 | €2,388 | ▼ 74.7% |
| Other operating charges640/8 | - | - | €5,787 | €6,178 | €11,341 | €5,452 | €2,269 | €4,072 | ▲ 79.5% |
| Gross operating margin9900 | €80,232 | €111,128 | €204,446 | €109,355 | €200,242 | €163,464 | €213,576 | €304,679 | ▲ 42.7% |
| Operating profit (loss)9901 | €43,833 | €74,486 | €128,967 | €29,787 | €70,181 | €30,567 | €46,226 | €133,364 | ▲ 189% |
| Financial income75/76B | - | - | €0 | €440 | €76 | €0 | - | €18 | - |
| Recurring financial income75 | €4 | €135 | €0 | €440 | €76 | €0 | - | €18 | - |
| Financial charges65/66B | - | - | €6,332 | €7,873 | €9,592 | €1,110 | €394 | €1,850 | ▲ 370% |
| Recurring financial charges65 | €4,321 | €5,309 | €6,332 | €7,873 | €9,592 | €1,110 | €394 | €1,850 | ▲ 370% |
| Profit (loss) for the period before taxes9903 | €39,515 | €69,312 | €122,635 | €22,354 | €60,666 | €29,457 | €45,832 | €131,531 | ▲ 187% |
| Income taxes67/77 | €16,999 | €41,368 | €34,800 | €19,419 | €23,494 | €9,699 | €14,771 | €33,333 | ▲ 126% |
| Profit (loss) for the period9904 | €22,516 | €27,944 | €87,834 | €2,935 | €37,171 | €19,758 | €31,060 | €98,198 | ▲ 216% |
| Profit (loss) for the period to be appropriated9905 | €22,516 | €27,944 | €87,834 | €2,935 | €37,171 | €19,758 | €31,060 | €98,198 | ▲ 216% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €156,698 | €184,717 | €233,641 | €269,065 | €355,484 | €355,581 | €473,465 | €590,128 | ▲ 24.6% |
| Fixed assets21/28 | €8,114 | €11,233 | €21,878 | €29,560 | €37,161 | €26,104 | €20,383 | €24,783 | ▲ 21.6% |
| Intangible fixed assets21 | - | - | - | - | - | €906 | €693 | €479 | ▼ 30.8% |
| Tangible fixed assets22/27 | €3,714 | €6,833 | €17,478 | €25,160 | €32,761 | €20,797 | €15,291 | €19,903 | ▲ 30.2% |
| Land and buildings22 | - | - | - | - | - | €716 | €540 | €364 | ▼ 32.6% |
| Plant, machinery and equipment23 | - | - | €2,953 | €12,459 | €12,581 | €7,748 | €7,836 | €10,428 | ▲ 33.1% |
| Furniture and vehicles24 | - | - | €12,810 | €8,507 | €8,681 | €3,966 | €2,731 | €4,928 | ▲ 80.4% |
| Other tangible fixed assets26 | - | - | €1,715 | €4,194 | €11,499 | €8,368 | €4,184 | €4,184 | = |
| Financial fixed assets28 | €4,400 | €4,400 | €4,400 | €4,400 | €4,400 | €4,400 | €4,400 | €4,400 | = |
| Current assets29/58 | €148,584 | €173,484 | €211,764 | €239,504 | €318,323 | €329,478 | €453,081 | €565,345 | ▲ 24.8% |
| Stocks and contracts in progress3 | - | - | - | €1,985 | €8,014 | €10,238 | €10,238 | €10,238 | = |
| Stocks30/36 | - | - | - | €1,985 | €8,014 | €10,238 | €10,238 | €10,238 | = |
| Amounts receivable within one year40/41 | €65,296 | €146,443 | €195,964 | €221,030 | €291,425 | €306,805 | €424,966 | €534,669 | ▲ 25.8% |
| Trade receivables40 | - | - | €28,983 | €6,913 | €31,115 | €18,091 | €82,046 | €138,925 | ▲ 69.3% |
| Other amounts receivable41 | - | - | €166,981 | €214,117 | €260,310 | €288,714 | €342,920 | €395,744 | ▲ 15.4% |
| Cash at bank and in hand54/58 | €9,188 | €27,041 | €15,800 | €16,490 | €18,884 | €12,435 | €17,878 | €19,296 | ▲ 7.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €1,142 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €156,698 | €184,717 | €233,641 | €269,065 | €355,484 | €355,581 | €473,465 | €590,128 | ▲ 24.6% |
| Equity10/15 | €2,802 | €30,746 | €118,580 | €121,515 | €158,687 | €178,444 | €209,505 | €307,703 | ▲ 46.9% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €802 | €28,746 | €116,580 | €119,515 | €156,687 | €176,444 | €207,505 | €305,703 | ▲ 47.3% |
| Amounts payable17/49 | €153,896 | €153,971 | €115,061 | €147,549 | €196,798 | €177,137 | €263,960 | €282,425 | ▲ 7.0% |
| Amounts payable within one year42/48 | €153,896 | €153,971 | €115,061 | €147,549 | €196,798 | €177,137 | €263,960 | €282,425 | ▲ 7.0% |
| Trade debts44 | €31,387 | €43,312 | €22,176 | €22,882 | €36,697 | €11,539 | - | €18,297 | - |
| Suppliers440/4 | - | - | €22,176 | €22,882 | €36,697 | €11,539 | - | €18,297 | - |
| Taxes, remuneration and social security45 | - | - | €92,885 | €124,668 | €160,101 | €165,598 | €263,960 | €264,129 | ▲ 0.1% |
| Taxes450/3 | - | - | €91,295 | €119,349 | €153,124 | €153,492 | €225,178 | €174,364 | ▼ 22.6% |
| Remuneration and social security454/9 | - | - | €1,590 | €5,318 | €6,977 | €12,107 | €38,782 | €89,765 | ▲ 131% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,516 | €27,944 | €87,834 | €2,935 | €37,171 | €19,758 | €31,060 | €98,198 | ▲ 216% |
| + Depreciation and write-downs630 | €2,119 | €3,517 | €4,131 | €8,949 | €11,528 | €14,135 | €9,454 | €2,388 | ▼ 74.7% |
| Operating cash flow (approximation) | €24,634 | €31,461 | €91,965 | €11,884 | €48,699 | €33,893 | €40,514 | €100,586 | ▲ 148% |
| Investment in fixed assets (approximation) | - | -€6,635 | -€14,776 | -€16,632 | -€19,129 | -€3,078 | -€3,734 | -€6,787 | ▼ 81.8% |
| Change in cash | - | €17,853 | -€11,241 | €690 | €2,394 | -€6,449 | €5,442 | €1,419 | ▼ 73.9% |
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 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 14-09-2026 | 2026-00512114 | NBB |
| 31-12-2024 | micro format | 30-01-2026 | 2026-00020185 | |
| 31-12-2023 | micro format | 28-03-2025 | 2025-00056367 | |
| 31-12-2022 | micro format | 15-02-2024 | 2024-00031730 | |
| 31-12-2021 | micro format | 06-04-2023 | 2023-00057979 | |
| 31-12-2020 | micro format | 12-05-2022 | 2022-20026312 | |
| 31-12-2019 | micro format | 23-03-2022 | 2022-08400335 | |
| 31-12-2018 | micro format | 03-08-2020 | 2020-39000110 | |
| 31-12-2017 | micro format | 28-06-2019 | 2019-28000446 | |
| 31-12-2016 | micro format | 17-11-2017 | 2017-69900575 |
Comparable companies
These companies have the same main activity as POLYATEC: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €562,000 and €648,000, founded between 2012 and 2016.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| POLYATEC Le Roeulx | 2015 | €590,128 | €307,703 | €304,679 | €98,198 | - | 2025 |
| ELECTRONE Beloeil | 2014 | €606,219 | €281,684 | €343,799 | €91,432 | 4 | 2025 |
| O'SECUR Tournai | 2012 | €578,609 | €356,420 | €332,810 | €117,387 | - | 2025 |
| EL-VEKO Deinze | 2015 | €561,620 | €480,002 | €278,073 | €81,117 | - | 2026 |
| PB DOMOTICS Putte | 2014 | €591,118 | €526,140 | €275,456 | €124,917 | - | 2025 |
| NOVO Havelange | 2014 | €647,726 | €148,633 | €306,267 | -€2,805 | 5 | 2025 |
| DEJONCKHEERE SERVICES Poperinge | 2016 | €613,206 | €298,156 | €347,838 | €139,831 | 1.6 | 2025 |
They were chosen from the 10,240 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| GÉRARD Emmanuel Karl Robert Laurent |
|
The board according to the articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Un ou plusieurs administrateurs, personnes physiques ou morales actionnaires ou non”“Fixe ou proportionnelle, frais généraux hors représentation voyages déplacements”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Tout_temps_par_assemblée_générale_formes_modifications_statuts”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Répartition_actif_net, apurement dettes charges frais ou consignation”1 more provision on this in the deed
Articles of association, deed of 14-02-2024 (in French)
Owners and capital
Capital transactions
- GÉRARD Emmanuel Karl Robert Laurent all shares
- 14-02-2024 Converted to unavailable equity
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Nominatives, actions”“Nominatifs, titres autres que actions”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement si plusieurs, commun accord ou président du tribunal de l'entreprise statuant comme en…”
Other provisionsThese rules from the articles cover subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 14-02-2024 (in French)
Group and network
Connections & network
1 current directorThe network starts from the directors of POLYATEC. Every other company they run is a node.
History
Acts, filings and financial milestones
14-02
Gazette deed
Resignation: GÉRARD Emmanuel Karl Robert Laurent (manager)Appointment: GÉRARD Emmanuel Karl Robert Laurent (administrateur non statutaire) · Capital conversion · Amendment of the articles17 points ▸
- Director in office, GÉRARD Emmanuel Karl Robert Laurent (director)
- Other provision, “convocations et comparution, unique actionnaire, également unique administrateur” (deed in French)
- General meeting, 08-02-2024
- Other provision, 1, “ordre du jour point 1” (deed in French)
- Other provision, “ordre du jour points 2-3, Adaptation du capital de la société au Code des sociétés et associations” (deed in French)
- Other provision, “ordre du jour points 4-5, Mission au notaire soussigné d’établir et de déposer la coordination des statuts” (deed in French)
- Other provision, “société à responsabilité limitée (SRL)” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Amendment of the articles
- Capital
- Other provision, “compte de capitaux propres statutairement indisponible, apports des fondateurs” (deed in French)
- Director resignation, GÉRARD Emmanuel Karl Robert Laurent (manager)
- The act holds 5 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 20255 activities
- L'entreprise d'électricité générale et notamment l'installation d'éclairage, de force motrice et de téléphonie
- La fabrication et l'installation d'enseignes lumineuses
- Le placement, l'entretien et la réparation de systèmes d'alarmes et de détection d'incendie, d'appareils électriques (radio, tv, hifi,…)
- Le commerce de détails en articles de lustrerie et d'éclairage, de matériel électrique, d'appareils électroménagers ainsi que la réparation
- L'achat, la vente, l'étude, la conception, l'installation, la réparation de tous systèmes de ventilation chaud et froid, de conditionnement d'air et d'installations frigorifiques
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0507.970.291
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
2 establishment units
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 53404B0451/00K000 | Wallonia | 960 m² | 1 · 174 m² | 6.2 m · 2 |
| 55043C0319/00M000 | Wallonia | 527 m² | 1 · 101 m² | 7.5 m · 2 |