Losses
-€21,673 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
POLYCONSTRUCT
Lifetime
20 annual accounts with figures on one time axis, 36 filings since 1990peak €629,823 (2007)
€177,163▼ 22.7%
lowest -€24,340 (2018)
-€11,138▼ €602
peak €232,678 (2016)
€197,052▼ 5.3%
€223,346▼ 37.9%
peak 13.2 FTE (2011)
4.9 FTE▼ 33.8%
Board1 name since 2021
1 directorPaul CALLENS
Documentsfilings and deeds
22-07-20269 days before the deadline
2025abbreviated format
Gross margin from €229,283 to €177,163Loss of €11,138Staff from 7.4 FTE to 4.9 FTEDebts from €359,652 to €223,346Cash from €80,552 to €33,066
Key points
from the 2025 annual accountsChecked score
69
Healthy
Financially stronger than 28% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,701 companies (NACE 43, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 1.0%▲ +0.1 percentage points vs 04-2025highest value
06-2025: 0.9%▼ -0.1 percentage points vs 05-2025
07-2025: 0.5%▼ -0.4 percentage points vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026lowest value
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.6%▲ +0.1 percentage points vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
Size: 4.9 FTE, total assets €420,398
lowers risk
Founded in 1990
Equity €197,052 (46.9% of total assets)
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 51% of them on solvency, 22% on liquidity, 13% on profitability and 28% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as POLYCONSTRUCT has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of POLYCONSTRUCT itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 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 12,322 companies, not a prediction for POLYCONSTRUCT. 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.
Credit verdict
Credit of up to €13,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.82 (1.5 in 2024), above the usual 1.5. Short-term debt is 51.6% and cash 7.9% of total assets. However, 53.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€11,138
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 days early
2024
42 days early
2023
54 days early
2022
9 days late
2021
24 days late
2020
18 days late
2019
47 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day before 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.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 July (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0440048913
Change of role: Paul CALLENS, from manager to director
General meeting of 10-10-2023 · Gazette deed
First establishment
Boergondiëstraat 29, Forest
Incorporation
published on 01-05-1990 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| POLYCONSTRUCT Forest | €420,398 | €177,163 | 46.9% | 4.9 |
| VRIENS G. Heusden-Zolder | €552,904 | €265,763 | 48.3% | 5.4 |
| WWW.RENOVEER.BE Zoersel | €262,569 | €189,372 | 14.8% | 3.8 |
| Maes Beringen | €464,809 | €239,010 | 33.8% | 2.6 |
| PEIL Lille | €644,723 | €198,657 | 40.4% | 2.9 |
| ZM La Louvière | €413,207 | €175,340 | -16.9% | 5.9 |
| Van de Voorde Gebrs. Loon- en Grondwerken Evergem | €516,174 | €249,570 | 39.9% | 2.4 |
These companies have the same main activity as POLYCONSTRUCT: site preparation (NACE 43120). They are comparable in size and age: total assets between €263,000 and €645,000, founded between 1987 and 2005.
Official details
Source: KBO- Status
- Active since 30-01-1990Normal situation
- Activity
- Site preparationNACE 43120and 4 others
- Establishment unit
- 2.047.915.4681190 Forest, since 18-04-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 23-12-2025
Annual accounts 2025
- ≈ €600,000estimated
- €420,398▼ 26.0%
- Employeeson 31-12-2025
- 3▼ 62.5%
- Filing
- Filed on 22-07-2026, 9 days before the end of the filing period
Insights on POLYCONSTRUCT
POLYCONSTRUCT files the abbreviated format. That format states no turnover. The gross margin fell from €563,308 in 2006 to €177,163 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about POLYCONSTRUCT
- What is the company number of POLYCONSTRUCT?
- The company number of POLYCONSTRUCT is 0440.048.913. The VAT number is the same number with BE in front: BE 0440.048.913.
- Where is POLYCONSTRUCT based?
- The registered office is at Boergondiëstraat 29, 1190 Forest.Company details
- What does POLYCONSTRUCT do?
- According to the KBO register, the main activity is site preparation (NACE 43120).
- What is the legal form of POLYCONSTRUCT?
- POLYCONSTRUCT is a private limited company (BV).
- When was POLYCONSTRUCT founded?
- POLYCONSTRUCT was founded on 30-01-1990.
- Is POLYCONSTRUCT still active?
- Yes, POLYCONSTRUCT is an active enterprise in the KBO register.
- How many employees does POLYCONSTRUCT have?
- POLYCONSTRUCT had an average of 4.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of POLYCONSTRUCT?
- The turnover in financial year 2025 is ≈ €600,000. This figure is estimated from the gross margin of €177,163 and 120 comparable companies (NACE 43). It probably lies between €420,000 and €1.0m.
- Is POLYCONSTRUCT profitable?
- In financial year 2025, POLYCONSTRUCT made a loss of €11,138.
- Where can I find the annual accounts of POLYCONSTRUCT?
- POLYCONSTRUCT filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of POLYCONSTRUCT due?
- POLYCONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.