POLYCAD
ActivePOLYCAD has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €119k and a net result of €28k. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 63% of 9380 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 4.06 against 6.43 in 2024), and 33.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.8%
Return on assets
15.8%
Age of the figures
8 mo
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 08-05-2026, 84 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
84 d early
2024
65 d early
2023
40 d early
2022
31 d early
2021
41 d early
2020
57 d early
2019
42 d early
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€119k▲ 31.1%
2024 · €91k
2018: €47k
2019: €52k
2020: €49k
2021: €54k
2022: €63k
2023: €72k
2024: €91k
2018 → 2025
Total assets
€178k▲ 68.4%
2024 · €106k
2018: €55k
2019: €76k
2020: €72k
2021: €79k
2022: €77k
2023: €85k
2024: €106k
2018 → 2025
Net result
€28k▲ 47.6%
2024 · €19k
2018: €6k
2019: €5k
2020: €4k
2021: €4k
2022: €10k
2023: €8k
2024: €19k
2018 → 2025
Working capital
€90k▲ 9.7%
2024 · €82k
2018: €30k
2019: €23k
2020: €27k
2021: €34k
2022: €49k
2023: €66k
2024: €82k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€54k-€63k▲ 18.0%€72k▲ 13.0%€91k▲ 26.7%€119k▲ 31.1%
Operating result€8k-€15k▲ 96.6%€13k▼ 13.7%€27k▲ 108%€39k▲ 42.3%
Net result€4k-€10k▲ 116%€8k▼ 14.7%€19k▲ 132%€28k▲ 47.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 42% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €178k
Fixed assets
€59k▲ 547%
Current assets
€119k▲ 22.9%
Equity and liabilities €178k
Equity
€119k▲ 31.1%
Debt
€59k▲ 294%
The debt ratio rises from 14.2% to 33.2%: debt grows faster than equity.
Key figures and ratios
EBITDA
€47k▲
2024 · €30k
Cash flow
€37k▲
2024 · €22k
Solvency
66.8%▼
2024 · 85.8%
Current ratio
4.06▼
2024 · 6.43
Quick ratio
4.06▼
2024 · 6.43
Debt / equity
0.50▲
2024 · 0.17
ROE
23.7%▲
2024 · 21.1%
ROA
15.8%▼
2024 · 18.1%
Interest coverage
47.39▼
2024 · 51.89
Debt
€59k▲
2024 · €15k
Debt ≤ 1 year
€29k▲
2024 · €15k
Debt > 1 year
€30k
Income taxes
€10k▲
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€106k€178k▲
Fixed assets21/28€9k€59k▲
Tangible fixed assets22/27€9k€59k▲
Land and buildings22€1k€504▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€5k€57k▲
Current assets29/58€97k€119k▲
Amounts receivable within one year40/41€38k€40k▲
Trade receivables40€37k€39k▲
Other amounts receivable41€1k€312▼
Cash at bank and in hand54/58€59k€79k▲
Equity and liabilities
Total equity and liabilities10/49€106k€178k▲
Equity10/15€91k€119k▲
Contributions10/11€6k€6k=
Reserves13€85k€113k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€83k€111k▲
Amounts payable17/49€15k€59k▲
Amounts payable after more than one year17-€30k
Financial debts170/4-€30k
Amounts payable within one year42/48€15k€29k▲
Current portion of amounts payable after more than one year42-€8k
Financial debts43€1k€1k▲
Credit institutions430/8€1k€1k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€11k€17k▲
Taxes450/3€11k€11k▼
Remuneration and social security454/9-€6k
Other amounts payable47/48€502€666▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€8k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€32k€48k▲
Operating profit (loss)9901€27k€39k▲
Financial income75/76B€191€240▲
Recurring financial income75€191€240▲
Financial charges65/66B€587€991▲
Recurring financial charges65€587€991▲
Profit (loss) for the period before taxes9903€27k€38k▲
Income taxes67/77€8k€10k▲
Profit (loss) for the period9904€19k€28k▲
Profit (loss) for the period to be appropriated9905€19k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€28k▲
Transfer to equity691/2€19k€28k▲
To other reserves6921€19k€28k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €28k ▲47.6%
Operating result €39k, net result €28k, both a record.
31-12
Financial
Equity above €100kEq €119k ▲31.1%
8 profitable years in a row build equity to €119k.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €4k ▼24.5%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2023
Jean-Claude Vincent
CurrentNon-statutory director · since 31-03-2023
31-03-2023
Appointed as Non-statutory director
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1997
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Watermuntstraat 309032 GentGround area
1,505 m²
Building footprint
252 m²
Volume, LiDAR
1,281 m³
2 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
POLYCAD
since 19972.081.851.315
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017A0904/00D000 | Flanders | 1,061 m² | 1 · 155 m² | 5.1 m · 1 fl. |
| 44074C0232/00X000 | Flanders | 443 m² | 1 · 97 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
CENTUM TECHNOLOGIES ET SOLUTIONS
BE 0743.952.782
Etterbeek · Eq €119k
JOANSONS
BE 0751.844.921
Leuven · Eq €119k
RUIMTELIJKE ORDENING IN TEKST EN SCHETSEN
BE 0770.632.336
Lo-Reninge · Eq €119k
NESCON
BE 0635.844.304
Tielt-Winge · Eq €119k
Ecore
BE 0543.305.413
Thimister-Clermont · Eq €119k
Of 11,505 companies in sector 71121 we hold annual accounts for 6,524. 5,209 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-05-1997
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
74203
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.