Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
Of this, €534,405 falls due within a year.
In July 2024, 1,240 companies had the same profile as POLYBAT has now. Each dot stands for 4 companies, two years later.
Another 1.4% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 1,240 companies, not a prediction for POLYBAT. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| POLYBAT Wavre | €0.9m | -€16,105 | -4.8% | - |
| INTER TECHNIC SERVICE Tielt | €1.0m | -€11,972 | 71.9% | - |
| EDWA Lommel | €0.7m | €512 | 99.5% | - |
| ELECTRO - TEMSE Temse | €0.8m | -€52,607 | 95.8% | - |
| ENTRY-HOME Schoten | €1.0m | -€6,233 | 4.6% | - |
| DESMET ELEKTRO Ledegem | €0.7m | -€11,642 | 36.7% | 2.9 |
| LUC PAUWEN Ohey | €1.0m | -€26,933 | 80.7% | - |
These companies have the same main activity as POLYBAT: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €672,000 and €1m, founded between 1989 and 2001.
POLYBAT files the micro format. That format states no turnover. The gross margin fell from €13,480 in 2006 to -€16,105 in 2025.
The balance sheet grew most from 2022 to 2023 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 9% of 37,177 companies in 2025.
Lower than 95% of 36,472 companies in 2025.
Higher than 14% of 36,707 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
884,693 | 1.0m | 1.1m | 1.1m | 464,840 | 530,337 | 513,864 | 526,182 | 501,716 | 521,231 | 599,769 | 633,916 | 651,907 | 501,874 | 463,148 | 338,793 | 238,544 | 230,891 | 224,038 | 114,193 | |
21/28 |
875,611 | 904,143 | 923,473 | 849,491 | 397,847 | 406,882 | 419,906 | 424,596 | 435,511 | 453,455 | 473,941 | 494,297 | 522,090 | 454,740 | 353,638 | 4,874 | 13,665 | 18,846 | 28,244 | 35,632 | |
22/27 |
875,611 | 904,143 | 923,473 | 849,491 | 397,847 | 406,882 | 419,906 | 424,596 | 435,511 | 453,455 | 473,941 | 494,297 | 522,090 | 454,740 | 353,638 | 4,874 | 13,665 | 18,846 | 28,244 | 35,632 | |
22 |
871,819 | 897,165 | 914,355 | 842,750 | 385,181 | 398,536 | 411,892 | 422,437 | 435,511 | 448,586 | 461,660 | 482,734 | 503,684 | 435,581 | 342,076 | - | - | - | - | - | |
23 |
330 | 969 | 1,608 | 2,818 | 6,494 | 5,550 | 7,494 | 1,118 | - | 1,004 | 4,551 | 9,204 | 14,102 | 14,976 | 7,151 | 4,279 | 4,606 | 982 | 1,440 | 569 | |
24 |
3,462 | 6,009 | 7,509 | 3,923 | 6,172 | 2,796 | 520 | 1,041 | - | 3,865 | 7,730 | 2,359 | 4,304 | 4,183 | 4,411 | 595 | 9,059 | 17,864 | 26,804 | 35,063 | |
29/58 |
9,082 | 104,302 | 179,239 | 207,808 | 66,994 | 123,455 | 93,959 | 101,586 | 66,204 | 67,776 | 125,828 | 139,619 | 129,817 | 47,134 | 109,510 | 333,919 | 224,879 | 212,045 | 195,794 | 78,561 | |
3 |
- | - | - | 134,010 | - | - | 8,123 | - | - | 3,478 | - | 33,000 | 45,237 | - | - | 297,955 | 178,033 | 166,791 | 152,437 | 24,500 | |
30/36 |
- | - | - | 134,010 | - | - | - | - | - | - | - | - | - | - | - | 297,955 | 176,033 | 166,791 | 152,437 | 1,000 | |
37 |
- | - | - | - | - | - | 8,123 | - | - | 3,478 | - | 33,000 | 45,237 | - | - | - | 2,000 | - | - | 23,500 | |
40/41 |
4,062 | 96,523 | 139,345 | 73,102 | 54,028 | 84,548 | 66,974 | 64,576 | 51,757 | 61,935 | 122,451 | 102,816 | 71,868 | 43,413 | 58,135 | 25,671 | 37,773 | 22,575 | 32,932 | 47,803 | |
40 |
4,062 | 96,523 | 134,695 | 69,096 | 53,860 | 76,849 | 55,481 | 62,049 | 47,914 | 61,935 | 110,956 | 102,816 | 66,835 | 31,546 | 55,105 | 22,296 | 32,502 | 18,749 | 29,603 | 44,455 | |
41 |
- | - | 4,650 | 4,006 | 168 | 7,699 | 11,493 | 2,527 | 3,843 | - | 11,495 | - | 5,033 | 11,867 | 3,030 | 3,375 | 5,271 | 3,826 | 3,329 | 3,348 | |
54/58 |
2,112 | 2,792 | 30,779 | 324 | 12,764 | 31,616 | 12,615 | 31,994 | 12,328 | 258 | 19 | 2,944 | 9,278 | 677 | 50,336 | 8,861 | 8,876 | 21,459 | 8,954 | 4,686 | |
490/1 |
2,909 | 4,988 | 9,115 | 372 | 202 | 7,292 | 6,247 | 5,016 | 2,120 | 2,105 | 3,358 | 859 | 3,434 | 3,044 | 1,039 | 1,432 | 197 | 1,220 | 1,471 | 1,572 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
884,693 | 1.0m | 1.1m | 1.1m | 464,840 | 530,337 | 513,864 | 526,182 | 501,716 | 521,231 | 599,769 | 633,916 | 651,907 | 501,874 | 463,148 | 338,793 | 238,544 | 230,891 | 224,038 | 114,193 | |
10/15 |
-42,876 | 16,329 | 35,950 | 76,268 | 101,718 | 88,377 | 62,589 | 59,144 | -20,821 | -43,603 | -53,508 | 39,632 | 38,458 | -2,343 | 42,630 | 18,736 | -5,687 | -16,925 | -28,398 | 18,058 | |
10/11 |
- | - | - | 30,900 | 30,900 | 30,900 | 30,900 | 30,900 | 30,900 | 30,900 | 30,900 | 30,900 | 30,900 | 30,900 | 30,900 | 30,900 | 30,900 | 30,900 | 30,900 | 30,900 | |
100 |
- | - | - | - | - | - | 30,900 | 30,900 | 30,900 | 30,900 | 30,900 | 30,900 | 30,900 | 30,900 | 30,900 | 30,900 | 30,900 | 30,900 | 30,900 | 30,900 | |
11 |
- | - | - | 30,900 | 30,900 | 30,900 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | 30,900 | 30,900 | 30,900 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
88,370 | 88,370 | 88,370 | 57,470 | 57,470 | 57,470 | 31,685 | 28,240 | 3,090 | 3,090 | 3,090 | 3,090 | 3,090 | 1,000 | 11,000 | - | - | - | - | - | |
130/1 |
- | - | - | 3,090 | 3,090 | 3,090 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 3,090 | 3,090 | 3,090 | 3,090 | 3,090 | 3,090 | 3,090 | 1,000 | 1,000 | - | - | - | - | - | |
1311 |
- | - | - | 3,090 | 3,090 | 3,090 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
88,370 | 88,370 | 88,370 | 54,380 | 54,380 | 54,380 | 28,595 | 25,150 | - | - | - | - | - | - | 10,000 | - | - | - | - | - | |
14 |
-131,246 | -72,041 | -52,420 | -12,102 | 13,348 | 7 | 4 | 4 | -54,811 | -77,593 | -87,498 | 5,642 | 4,468 | -34,243 | 730 | -12,164 | -36,587 | -47,825 | -59,298 | -12,842 | |
17/49 |
927,569 | 992,116 | 1.1m | 981,031 | 363,123 | 441,960 | 451,275 | 467,038 | 522,537 | 564,833 | 653,277 | 594,284 | 613,449 | 504,217 | 420,518 | 320,057 | 244,231 | 247,816 | 252,436 | 96,135 | |
17 |
389,428 | 415,785 | 457,948 | 618,541 | 116,310 | 168,441 | 219,616 | 269,854 | 320,449 | 367,174 | 417,253 | 250,000 | 260,000 | 385,000 | 320,000 | 270,000 | 151,414 | 186,289 | 195,309 | 28,985 | |
170/4 |
388,228 | 414,585 | 456,748 | 617,341 | 116,310 | 168,441 | 219,616 | 269,854 | 320,449 | 367,174 | 417,253 | 250,000 | 260,000 | 385,000 | 320,000 | 270,000 | 151,414 | 186,289 | 195,309 | 28,985 | |
178/9 |
1,200 | 1,200 | 1,200 | 1,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
534,405 | 574,930 | 608,814 | 362,490 | 246,245 | 273,519 | 231,659 | 197,184 | 202,088 | 194,809 | 233,132 | 344,284 | 353,449 | 116,205 | 98,149 | 47,698 | 83,821 | 56,236 | 54,908 | 67,150 | |
42 |
26,357 | 53,960 | 81,894 | 54,399 | 52,130 | 51,175 | 100,238 | 50,383 | 50,934 | 50,079 | 53,019 | - | - | - | - | 1,914 | 9,375 | 9,019 | 8,676 | 11,040 | |
43 |
22,001 | - | - | - | - | - | - | - | - | 3,176 | 1,195 | 190,000 | 190,000 | 311 | - | - | - | - | - | - | |
430/8 |
22,001 | - | - | - | - | - | - | - | - | 3,176 | 1,195 | 190,000 | 190,000 | 311 | - | - | - | - | - | - | |
44 |
18,275 | 79,640 | 111,350 | 57,083 | 11,009 | 65,092 | 34,300 | 20,531 | 23,848 | 27,532 | 42,061 | 67,343 | 27,505 | 60,256 | 30,127 | 13,097 | 25,908 | 12,225 | 16,141 | 46,511 | |
440/4 |
18,275 | 79,640 | 111,350 | 57,083 | 11,009 | 65,092 | 34,300 | 20,531 | 23,848 | 27,532 | 42,061 | 67,343 | 27,505 | 60,256 | 30,127 | 13,097 | 25,908 | 12,225 | 16,141 | 46,511 | |
46 |
2,456 | - | - | 30,250 | - | - | 2,254 | 15,534 | - | 4,596 | 93,610 | - | 67,400 | - | - | - | 3,108 | 1,270 | 1,271 | - | |
45 |
5,192 | 8,855 | - | 3,725 | 3,725 | 15,691 | 8,005 | 19,035 | - | 9,086 | 3,777 | 7,214 | 7,057 | 10,548 | 12,074 | 2,976 | 5,751 | 2,100 | 3,832 | 911 | |
450/3 |
5,192 | 8,855 | - | 3,725 | 3,725 | 1,391 | 4,005 | 15,035 | - | 9,086 | 2,500 | 7,214 | 4,459 | 9,048 | 8,768 | 2,891 | 3,200 | 2,100 | 3,832 | 911 | |
454/9 |
- | - | - | - | - | 14,300 | 4,000 | 4,000 | - | - | 1,277 | - | 2,598 | 1,500 | 3,306 | 85 | 2,551 | - | - | - | |
47/48 |
460,123 | 432,474 | 415,570 | 217,033 | 179,380 | 141,561 | 86,862 | 91,701 | 127,306 | 100,340 | 39,470 | 79,727 | 61,487 | 45,090 | 55,948 | 29,711 | 39,679 | 31,622 | 24,988 | 8,688 | |
492/3 |
3,737 | 1,400 | - | - | 568 | - | - | - | - | 2,850 | 2,892 | - | - | 3,012 | 2,369 | 2,359 | 8,996 | 5,291 | 2,219 | - | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,000 | |
9900 |
-16,105 | 20,558 | 31,631 | 15,770 | 39,511 | 123,794 | 24,849 | 112,377 | 48,112 | 83,639 | 53,667 | 68,262 | 92,538 | 30,958 | 100,595 | 68,589 | 52,158 | 30,270 | -31,886 | 13,480 | |
62 |
- | - | - | - | - | - | - | - | - | 43,413 | 46,328 | 21,412 | 6,447 | 38,230 | 45,417 | 30,025 | 24,708 | - | - | 9,514 | |
630 |
28,531 | 27,485 | 50,930 | 28,962 | 17,537 | 16,212 | 15,819 | 13,874 | 17,943 | 20,486 | 85,870 | 28,138 | 29,630 | 25,320 | 18,816 | 10,683 | 10,613 | 9,728 | 9,977 | 9,321 | |
631/4 |
- | - | - | - | - | - | -1,866 | 1,866 | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
1,289 | 58 | 732 | - | 1,360 | 454 | 348 | 348 | 348 | 348 | 868 | 1,831 | 347 | 977 | 1,967 | 467 | 903 | 1,417 | 612 | 1,818 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,329 | - | 25 | |
9901 |
-45,926 | -6,985 | -20,031 | -13,192 | 20,615 | 107,128 | 10,549 | 96,289 | 29,821 | 19,393 | -79,399 | 16,881 | 56,114 | -33,569 | 34,395 | 27,414 | 15,934 | 19,125 | -42,475 | -7,173 | |
75/76B |
7 | 215 | 172 | 133 | 340 | 775 | 76 | 247 | 79 | 142 | 177 | 229 | 1,382 | 414 | 154 | 309 | 73 | 187 | 57 | 541 | |
75 |
7 | 215 | 172 | 133 | 340 | 775 | 76 | 247 | 79 | 142 | 177 | 229 | 1,382 | 414 | 154 | 309 | 73 | 187 | 57 | 541 | |
65/66B |
13,287 | 12,851 | 20,460 | 12,390 | 3,890 | 5,028 | 5,874 | 6,753 | 7,119 | 9,629 | 12,624 | 14,771 | 16,369 | 11,818 | 5,111 | 3,300 | 4,768 | 4,510 | 4,038 | 1,840 | |
65 |
13,287 | 12,851 | 20,460 | 12,390 | 3,890 | 5,028 | 5,874 | 6,753 | 7,119 | 9,629 | 12,624 | 14,771 | 16,369 | 11,818 | 5,111 | 3,300 | 4,768 | 4,510 | 4,038 | 1,840 | |
9903 |
-59,206 | -19,621 | -40,318 | -25,449 | 17,066 | 102,874 | 4,750 | 89,783 | 22,781 | 9,906 | -91,846 | 2,339 | 41,127 | -44,973 | 29,438 | 24,423 | 11,239 | 11,473 | -46,456 | -5,497 | |
67/77 |
- | - | - | - | 3,725 | 10,086 | 1,305 | 9,818 | 0 | - | 1,294 | 1,165 | 326 | - | 5,544 | - | 1 | - | - | 1 | |
9904 |
-59,206 | -19,621 | -40,318 | -25,449 | 13,340 | 92,788 | 3,445 | 79,965 | 22,781 | 9,906 | -93,140 | 1,174 | 40,801 | -44,973 | 23,894 | 24,423 | 11,238 | 11,473 | -46,456 | -5,498 | |
9905 |
-59,206 | -19,621 | -40,318 | -25,449 | 13,340 | 92,788 | 3,445 | 79,965 | 22,781 | 9,906 | -93,140 | 1,174 | 40,801 | -44,973 | 23,894 | 24,423 | 11,238 | 11,473 | -46,456 | -5,498 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-131,246 | -72,041 | -52,420 | -12,102 | 13,348 | 92,792 | 3,449 | 25,154 | -54,811 | -77,593 | -87,498 | 5,642 | 6,558 | -44,243 | 11,730 | -12,164 | -36,587 | -47,825 | -59,298 | -12,842 | |
14P |
-72,041 | -52,420 | -12,102 | 13,348 | 7 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 10,000 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | 25,785 | 3,445 | 25,150 | - | - | - | - | 2,090 | - | 11,000 | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 2,090 | - | 1,000 | - | - | - | - | - | |
6921 |
- | - | - | - | - | 25,785 | 3,445 | 25,150 | - | - | - | - | - | - | 10,000 | - | - | - | - | - | |
694/7 |
- | - | - | - | - | 67,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | 67,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | 0.9 | 1.1 | 0.5 | 0.1 | 1 | 0.9 | 1 | 0.7 | - | - | 0.5 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | 1,704 | 1,808 | 880 | 180 | 1,506 | 2,026 | 1,222 | 1,146 | - | - | 440 | |
| Document | |||||||||||||||||||||
The accounts for 11 older financial years (1995-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-08-2026.
2025 annual accounts filed 30 days after the deadline. Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00458300.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-08-2026 | 2026-00458300 | |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00457445 | |
| 31-12-2023 | micro format | 08-10-2024 | 2024-00502269 | |
| 31-12-2022 | micro format | 28-08-2023 | 2023-00360198 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20374340 | |
| 31-12-2020 | micro format | 28-08-2021 | 2021-57500148 | |
| 31-12-2019 | micro format | 28-09-2020 | 2020-56800462 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-57200378 | |
| 31-12-2017 | full format | 22-08-2018 | 2018-49800226 | |
| 31-12-2016 | full format | 23-08-2017 | 2017-47300587 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-56000520 | |
| 31-12-2014 | full format | 11-08-2015 | 2015-40700538 | |
| 31-12-2013 | full format | 19-08-2014 | 2014-43700181 | |
| 31-12-2012 | full format | 30-08-2013 | 2013-52300256 | |
| 31-12-2011 | full format | 30-08-2012 | 2012-50900249 | |
| 31-12-2010 | full format | 19-08-2011 | 2011-41800186 | |
| 31-12-2009 | full format | 31-08-2010 | 2010-52000293 | |
| 31-12-2008 | full format | 23-06-2009 | 2009-26300244 | |
| 31-12-2007 | full format | 22-08-2008 | 2008-61400070 | |
| 31-12-2006 | full format | 28-08-2007 | 2007-61300252 | |
| 31-12-2005 | full format | 28-08-2006 | 2006-67104184 | |
| 31-12-2004 | full format | 20-09-2005 | 2005-69002576 | |
| 31-12-2003 | full format | 17-09-2004 | 2004-64300231 | |
| 31-12-2002 | full format | 17-07-2003 | 2003-42700266 | |
| 31-12-2001 | full format | 03-10-2002 | 2002-60600202 | |
| 31-12-2000 | full format | 20-09-2001 | 2001-56800189 | |
| 31-12-1999 | full format | 11-09-2000 | 2000-54900283 | |
| 31-12-1998 | full format | 06-10-1999 | 1999-51900352 | |
| 31-12-1997 | full format | 10-11-1998 | 1998-56803573 | |
| 31-12-1996 | full format | 24-11-1997 | 1997-54103582 | |
| 31-12-1995 | full format | 01-10-1996 | 1996-46100027 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -17,394 | 20,500 | 30,899 | 15,770 | 38,152 | 123,340 | 26,368 | 110,164 | 47,764 | 39,879 | 6,471 | 45,019 | 85,744 | -8,249 | 53,211 | 38,097 | 26,547 | 28,853 | -32,498 | 2,148 | ||
| -30,674 | 7,864 | 10,612 | 3,512 | 30,877 | 109,001 | 19,265 | 93,840 | 40,725 | 30,392 | -7,270 | 29,312 | 70,431 | -19,653 | 42,710 | 35,106 | 21,851 | 21,201 | -36,479 | 3,823 | ||
| 0 | 8,155 | 124,912 | 482,793 | 8,501 | 3,189 | 11,129 | 2,959 | 0 | 0 | 65,515 | 345 | 96,980 | 126,422 | 367,580 | 1,892 | 5,432 | 330 | 2,589 | 43,738 | ||
| -680 | -27,987 | 30,454 | -12,440 | -18,852 | 19,001 | -19,379 | 19,666 | 12,069 | 239 | -2,925 | -6,334 | 8,601 | -49,659 | 41,475 | -15 | -12,583 | 12,505 | 4,268 | - | ||
| -525,323 | -470,628 | -429,575 | -154,681 | -179,251 | -150,064 | -137,700 | -95,598 | -135,884 | -127,033 | -107,304 | -204,665 | -223,632 | -69,071 | 11,361 | 286,221 | 141,058 | 155,809 | 140,886 | 11,411 | ||
| -4.8% | 1.6% | 3.3% | 7.2% | 21.9% | 16.7% | 12.2% | 11.2% | -4.2% | -8.4% | -8.9% | 6.3% | 5.9% | -0.5% | 9.2% | 5.5% | -2.4% | -7.3% | -12.7% | 15.8% | ||
| 0.02 | 0.18 | 0.29 | 0.57 | 0.27 | 0.45 | 0.41 | 0.52 | 0.33 | 0.35 | 0.54 | 0.41 | 0.37 | 0.41 | 1.12 | 7.00 | 2.68 | 3.77 | 3.57 | 1.17 | ||
| 0.02 | 0.18 | 0.29 | 0.20 | 0.27 | 0.45 | 0.37 | 0.52 | 0.33 | 0.33 | 0.54 | 0.31 | 0.24 | 0.41 | 1.12 | 0.75 | 0.56 | 0.80 | 0.79 | 0.81 | ||
| - | 60.76 | 29.67 | 12.86 | 3.57 | 5.00 | 7.21 | 7.90 | - | - | - | 15.00 | 15.95 | - | 9.86 | 17.08 | - | - | - | 5.32 | ||
| - | -120.2% | -112.2% | -33.4% | 13.1% | 105.0% | 5.5% | 135.2% | - | - | - | 3.0% | 106.1% | - | 56.0% | 130.4% | - | - | - | -30.4% | ||
| -6.7% | -1.9% | -3.7% | -2.4% | 2.9% | 17.5% | 0.7% | 15.2% | 4.5% | 1.9% | -15.5% | 0.2% | 6.3% | -9.0% | 5.2% | 7.2% | 4.7% | 5.0% | -20.7% | -4.8% | ||
| -1.31 | 1.60 | 1.51 | 1.27 | 9.81 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €8,155 | €124,912 | €482,793 | €8,501 |
| €28,531 | €27,485 | €50,930 | €28,962 | €17,537 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €45,926, larger than the loss of €6,985 in 2024. It is the lowest result since 2015.
Equity is negative. Debt (€927,569) exceeds the balance-sheet total (€884,693).
POLYBAT has no parent and no holdings in its annual accounts. is the only director. POLYBAT shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue du Souverain 14 registered office 1301 Wavre | ||
| Rue du Rivage (Mél.) 59 1370 Jodoigne | 04-04-1995 | 2.071.102.131 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25064B1047/00B000 | 1,722 m² | 1 · 94 m² | 9.9 m · 3 |
| 25112L0306/00K000 | 595 m² | 1 · 192 m² | 11.5 m · 2 |
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 0454.705.514
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