POLYCONSTRUCT

Active Private limited companyfounded 1990active for 36 yearsBoergondiëstraat 29, 1190 ForestKBO/BCE: BE 0440.048.913

POLYCONSTRUCT

Financial year 2025

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Annual accounts 2025

abbreviated format, filed on 22-07-2026, 9 days before the deadline

€177,163

▼ 22.7%

-€14,327

▼ €4,426

-€6,950

▼ €13,022

-€3,761

▼ €9,199

46.9%

▲ 10.2 percentage points

1.82

▲ 0.31

The turnover shown is an estimate from the gross margin.

Turnover ≈ €600,000. Estimated: probably between €420,000 and €1.0m.

Money flows

no detail for 2025

Balance sheet

balance sheet total €420,398 on 31-12-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

46.9%

Higher than 54% of 9,950 companies in 2025.

1.82

Higher than 52% of 9,814 companies in 2025.

-2.6%

Higher than 15% of 9,883 companies in 2025.

POLYCONSTRUCT Middle half of the sector 80% of the sector Abbreviated accounts in specialised construction (NACE 43)

Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half

Staff

€35,036

Staff costs divided by the average number of full-time equivalents.

-5 people

people who joined people who left

In 2025, nobody joined and 5 people left.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	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`	420,398	567,842	670,940	813,720	934,220	928,838	898,765	909,742	976,062	1.0m	983,341	1.1m	929,938	920,388	1.0m	759,809	817,028	959,409	897,582	905,914
`21/28`	25,635	40,117	22,940	28,559	44,976	37,670	18,201	6,035	5,666	29,628	49,763	87,469	117,665	133,230	172,837	186,718	226,585	239,958	264,182	282,995
`22/27`	23,410	37,967	20,790	28,559	44,976	37,670	18,201	6,035	5,666	29,628	49,763	87,469	117,665	133,230	172,837	186,718	226,585	239,958	264,182	282,995
`22`	-	-	-	-	-	-	-	-	-	16,411	32,945	49,480	66,014	82,549	102,564	122,579	142,595	162,610	182,626	202,641
`23`	1,340	2,002	3,274	3,316	4,168	5,322	18,201	6,035	1,666	5,217	4,818	11,592	9,617	13,642	15,141	17,161	21,568	13,037	11,441	11,038
`24`	22,070	35,965	17,516	25,243	40,809	32,348	-	-	4,000	8,000	12,000	26,397	42,034	37,039	55,132	46,978	62,423	64,311	70,115	69,316
`28`	2,225	2,150	2,150	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`29/58`	394,763	527,725	648,000	785,161	889,244	891,167	880,564	903,707	970,396	1.0m	933,578	992,394	812,273	787,158	829,351	573,091	590,442	719,451	633,399	622,919
`3`	135,850	110,076	79,826	226,210	275,679	285,714	361,475	341,677	357,523	384,010	305,901	214,818	93,110	153,832	44,020	40,764	23,873	55,783	138,881	26,188
`37`	135,850	110,076	79,826	226,210	275,679	285,714	361,475	341,677	357,523	384,010	305,901	214,818	93,110	153,832	44,020	40,764	23,873	55,783	138,881	26,188
`40/41`	221,848	328,824	528,745	431,208	428,888	524,717	489,014	538,033	596,245	575,084	601,757	738,658	674,698	581,401	727,799	450,979	542,403	560,724	394,338	588,782
`40`	197,079	304,715	507,755	415,038	397,135	489,653	462,080	504,828	571,939	555,009	586,594	721,798	656,502	569,110	718,430	437,753	533,586	551,941	385,415	575,780
`41`	24,769	24,109	20,990	16,170	31,754	35,064	26,934	33,206	24,306	20,075	15,163	16,860	18,196	12,291	9,369	13,226	8,816	8,783	8,923	13,002
`54/58`	33,066	80,552	30,406	124,582	180,819	77,222	30,075	23,997	16,628	56,103	25,920	38,918	44,465	51,925	57,532	81,348	24,166	102,944	100,180	7,949
`490/1`	4,000	8,273	9,024	3,162	3,858	3,515	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Balance sheet: equity and liabilities
`10/49`	420,398	567,842	670,940	813,720	934,220	928,838	898,765	909,742	976,062	1.0m	983,341	1.1m	929,938	920,388	1.0m	759,809	817,028	959,409	897,582	905,914
`10/15`	197,052	208,190	218,725	209,284	199,539	209,331	170,207	187,191	211,531	232,678	232,010	224,040	204,806	191,468	199,618	186,511	169,053	163,286	158,287	148,287
`10/11`	37,200	37,200	37,200	37,200	37,200	37,200	37,200	37,200	37,200	37,200	37,200	37,200	37,200	37,200	37,200	37,200	37,200	37,200	37,200	37,200
`100`	-	-	-	-	-	-	37,200	37,200	37,200	37,200	37,200	37,200	37,200	37,200	37,200	37,200	37,200	37,200	37,200	37,200
`13`	195,478	195,478	195,478	195,478	195,478	195,478	195,478	195,478	195,478	195,478	194,810	186,840	167,606	154,268	162,418	149,311	131,853	126,086	121,087	111,087
`130/1`	3,720	3,720	3,720	3,720	3,720	3,720	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	3,720	3,720	3,720	3,720	3,720	3,720	3,720	3,720	3,720	3,720	3,720	3,720	3,720	3,720
`1311`	3,720	3,720	3,720	3,720	3,720	3,720	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`133`	191,758	191,758	191,758	191,758	191,758	191,758	191,758	191,758	191,758	191,758	191,090	183,120	163,886	150,548	158,698	145,591	128,133	122,366	117,367	107,367
`14`	-35,626	-24,489	-13,953	-23,395	-33,139	-23,348	-62,471	-45,487	-21,147	-	-	-	-	-	-	-	-	-	-	-
`17/49`	223,346	359,652	452,215	604,437	734,681	719,507	728,558	722,551	764,531	812,147	751,331	855,823	725,132	728,920	802,570	573,298	647,975	796,123	739,295	757,627
`17`	6,252	8,851	14,639	58,759	173,514	53,765	37,546	30,795	33,910	51,907	31,354	50,006	52,559	50,441	74,719	86,083	106,747	115,248	127,435	138,855
`170/4`	6,252	8,851	14,639	58,759	173,514	53,765	37,546	30,795	33,910	51,907	31,354	50,006	52,559	50,441	74,719	86,083	106,747	115,248	127,435	138,855
`42/48`	217,094	350,801	437,576	545,678	561,167	665,742	691,012	691,756	730,620	760,240	719,977	805,817	672,573	678,479	727,851	487,215	541,228	680,875	611,859	618,772
`42`	2,599	17,134	30,574	24,046	15,561	209,838	205,294	204,378	211,034	193,367	111,321	123,152	27,021	29,012	32,885	28,121	37,659	26,125	22,953	21,199
`43`	-	-	-	205,125	205,125	205,125	205,125	205,125	205,125	205,125	303,375	207,315	269,465	294,965	294,515	210,815	210,815	210,815	210,815	210,815
`430/8`	-	-	-	-	-	-	-	-	-	-	98,250	-	62,150	87,650	84,700	-	-	-	-	-
`439`	-	-	-	205,125	205,125	205,125	205,125	205,125	205,125	205,125	205,125	207,315	207,315	207,315	209,815	210,815	210,815	210,815	210,815	210,815
`44`	80,230	171,504	200,854	238,174	259,849	170,006	204,531	204,671	260,338	309,069	268,641	412,638	260,304	262,040	348,446	212,984	217,087	361,900	266,113	312,303
`440/4`	80,230	103,641	111,223	238,174	259,849	170,006	204,531	204,671	260,338	309,069	268,641	412,638	260,304	262,040	348,446	212,984	217,087	361,900	266,113	312,303
`441`	-	67,863	89,631	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`46`	-	-	-	-	-	-	-	-	-	-	-	-	86,500	54,000	-	-	-	-	38,540	5,000
`45`	6,705	17,701	6,685	3,995	3,091	6,297	6,461	15,520	5,586	3,396	7,357	33,429	-	9,179	22,722	3,100	14,023	17,904	2,078	13,904
`450/3`	6,412	14,588	4,056	2,907	-	4,153	3,982	13,646	3,228	1,395	4,664	30,404	-	4,902	22,711	-	6,699	12,829	-	9,961
`454/9`	292	3,113	2,629	1,088	3,091	2,144	2,479	1,874	2,358	2,001	2,693	3,025	-	4,277	11	3,100	7,324	5,075	2,078	3,943
`47/48`	127,561	144,463	199,463	74,339	77,542	74,476	69,601	62,063	48,538	49,283	29,283	29,283	29,283	29,283	29,283	32,195	61,644	64,131	71,360	55,551
Income statement
`70`	-	-	-	-	-	-	-	-	-	1.3m	1.8m	1.9m	1.2m	1.1m	1.6m	1.4m	1.3m	2.0m	1.7m	1.8m
`76A`	-	-	-	-	-	-	7,952	13,273	31,345	-	4,663	-	1,979	2,293	2,673	4,911	1,516	812	686	-
`9900`	177,163	229,283	281,253	367,297	340,030	396,702	368,586	296,855	290,634	387,248	392,301	492,445	435,637	490,094	577,673	502,144	549,184	624,271	629,823	563,308
`60/61`	-	-	-	-	-	-	-	-	-	975,824	1.5m	1.7m	674,991	1.0m	1.0m	863,832	771,686	1.4m	1.1m	1.2m
`62`	171,678	217,323	284,333	335,476	317,498	332,718	376,017	309,545	287,586	350,376	340,377	433,382	370,827	436,604	481,691	430,529	483,769	544,060	515,975	438,326
`630`	7,377	15,973	9,144	12,521	11,492	11,088	6,532	7,085	25,002	24,918	35,524	35,594	39,153	46,170	49,720	42,282	48,258	42,735	40,607	39,647
`631/4`	-	-	5,201	-13,600	13,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`635/8`	-	-	-	-	-	-	-	-	-	517	-	-	-	-	-	-	-	-	-	-
`640/8`	5,254	5,888	6,180	6,042	5,338	7,845	6,152	6,884	7,710	6,862	5,103	5,447	5,518	6,967	24,360	4,878	5,484	9,479	5,900	8,271
`66A`	7,180	-	-	-	29	-	-	213	660	-	3,910	5,814	1,750	692	753	679	1,803	4,212	11,092	1,280
`9901`	-14,327	-9,901	-23,605	26,858	-7,927	45,052	-20,115	-26,871	-30,322	4,575	11,297	18,022	20,139	353	21,902	24,455	11,672	27,997	67,341	77,064
`75/76B`	7,854	1,164	41,086	-	11,792	-	7,952	6,151	15,887	9,339	9,385	19,255	1,266	2,734	1,545	764	3,571	1,057	1,407	1,296
`75`	1,082	1,164	860	-	17	-	-	6,151	15,887	9,339	9,385	19,255	1,266	2,734	1,545	764	3,571	1,057	1,407	1,296
`76B`	6,773	-	40,225	-	11,775	-	7,952	-	-	-	-	-	-	-	-	-	-	-	-	-
`65/66B`	4,497	1,820	2,359	16,862	13,657	5,929	4,821	3,619	5,975	10,187	8,165	8,952	8,103	9,101	8,694	8,745	9,100	8,937	9,477	9,100
`65`	1,273	1,820	2,359	2,357	5,896	5,929	4,821	3,619	5,975	10,187	8,165	8,952	8,103	9,101	8,694	8,745	9,100	8,937	9,477	9,100
`66B`	3,224	-	-	14,505	7,760	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`9903`	-10,969	-10,557	15,122	9,997	-9,791	39,123	-16,984	-24,340	-20,409	3,727	13,270	22,511	13,531	-4,413	16,673	20,706	5,856	16,717	48,865	67,980
`67/77`	168	-22	5,681	252	-	-	-	-	738	3,059	5,299	2,977	193	3,737	3,566	3,250	89	6,372	14,947	11,759
`9904`	-11,138	-10,535	9,441	9,745	-9,791	39,123	-16,984	-24,340	-21,147	668	7,971	19,534	13,338	-8,150	13,107	17,456	5,767	10,345	33,918	56,221
`9905`	-11,138	-10,535	9,441	9,745	-9,791	39,123	-16,984	-24,340	-21,147	668	7,971	19,534	13,338	-8,150	13,107	17,456	5,767	10,345	33,918	56,221
Appropriation of the result
`9906`	-35,626	-24,489	-13,953	-23,395	-33,139	-23,348	-62,471	-45,487	-21,147	668	7,971	19,534	13,338	-8,150	13,107	17,456	5,767	10,345	33,918	56,221
`14P`	-24,489	-13,953	-23,395	-33,139	-23,348	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	8,150	-	-	-	-	-	-
`691/2`	-	-	-	-	-	-	-	-	-	668	7,971	19,534	13,338	-	13,107	17,456	5,767	5,345	10,000	41,220
`6921`	-	-	-	-	-	-	-	-	-	668	7,971	19,534	13,338	-	13,107	17,456	5,767	5,345	10,000	41,220
`694/7`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,000	23,918	15,001
`695`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,000	23,918	15,001
Social balance sheet
`9087`	4.9	7.4	8.3	8.9	9.4	9.9	10.5	9.2	8.5	9	9.3	10.3	10.7	11.1	13.2	11.7	10	13	13	12
Hours worked`1013`	3,803	5,321	7,034	8,944	8,443	8,930	11,198	9,707	8,297	-	11,060	13,431	11,323	13,873	16,480	14,703	16,659	19,466	19,319	17,958
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 16 older financial years (1990-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 12 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 22-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	22-07-2026	2026-00328364	PDF
31-12-2024	full format	19-06-2025	2025-00155909	PDF
31-12-2023	full format	07-06-2024	2024-00116222	PDF
31-12-2022	full format	09-08-2023	2023-00323910	PDF
31-12-2021	full format	24-08-2022	2022-20312096	PDF
31-12-2020	full format	18-08-2021	2021-49700299	PDF
31-12-2019	full format	16-09-2020	2020-53600158	PDF
31-12-2018	full format	29-08-2019	2019-55000381	PDF
31-12-2017	full format	31-08-2018	2018-59700277	PDF
31-12-2016	full format	12-10-2017	2017-66900384	PDF
31-12-2015	full format	01-09-2016	2016-56000452	PDF
31-12-2014	full format	13-09-2015	2015-58500371	PDF
31-12-2013	full format	20-09-2014	2014-59300010	PDF
31-12-2012	full format	10-09-2013	2013-57800068	PDF
31-12-2011	full format	20-10-2012	2012-61500055	PDF
31-12-2010	full format	02-12-2011	2011-62600090	PDF
31-12-2009	full format	09-09-2010	2010-54100128	PDF
31-12-2008	full format	13-08-2009	2009-57700185	PDF
31-12-2007	full format	01-08-2008	2008-52900070	PDF
31-12-2006	full format	27-06-2007	2007-30800115	PDF
31-12-2005	full format	25-07-2006	2006-52504887	PDF
31-12-2004	full format	15-06-2005	2005-26200897	PDF
31-12-2003	full format	21-06-2004	2004-27704710	PDF
31-12-2002	full format	02-06-2003	2003-17703584	PDF
31-12-2001	full format	06-05-2002	2002-11502921	PDF
31-12-2000	full format	22-06-2001	2001-25004685	PDF
31-12-1999	full format	22-05-2000	2000-14401263	PDF
31-12-1998	full format	20-05-1999	1999-10703646	PDF
31-12-1997	full format	26-05-1998	1998-11201567	PDF
31-12-1996	full format	31-07-1997	1997-35202235	PDF
31-12-1995	full format	03-07-1996	1996-30302535	PDF
31-12-1994	full format	21-06-1995	1995-27004246	PDF
31-12-1993	full format	14-06-1994	1994-14603091	PDF
31-12-1992	full format	31-08-1993	1993-33602675	PDF
31-12-1991	full format	29-06-1992	1992-16101367	PDF
31-12-1990	full format	27-11-1991	1991-31302658	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
-6,950	6,072	-14,461	39,379	3,565	56,140	-13,583	-19,786	-5,321	29,493	46,821	53,616	59,292	46,523	71,622	66,737	59,930	70,732	107,948	116,711
-3,761	5,438	18,586	22,265	1,701	50,211	-10,452	-17,255	3,854	25,586	43,495	55,128	52,491	38,020	62,827	59,738	54,025	53,080	74,525	95,868
75	33,150	3,525	1,076	18,798	30,557	18,698	4,077	1,039	4,770	1,210	9,860	3,588	6,563	35,839	2,414	34,886	21,940	21,794	52,870
-47,485	50,146	-94,176	-56,238	103,597	47,147	6,079	7,368	-39,475	30,183	-12,998	-5,547	-7,460	-5,607	-23,816	57,182	-78,778	2,763	92,231	-
177,669	176,924	210,424	239,483	328,077	225,426	189,552	211,951	239,776	254,957	213,601	186,577	139,700	108,679	101,500	85,876	49,214	38,576	21,540	4,147
-	-	-	-	-	-	-	-	-	0.4%	0.6%	0.9%	1.7%	0.0%	1.4%	1.8%	0.9%	1.4%	3.9%	4.4%
46.9%	36.7%	32.6%	25.7%	21.4%	22.5%	18.9%	20.6%	21.7%	22.3%	23.6%	20.7%	22.0%	20.8%	19.9%	24.5%	20.7%	17.0%	17.6%	16.4%
1.82	1.50	1.48	1.44	1.58	1.34	1.27	1.31	1.33	1.34	1.30	1.23	1.21	1.16	1.14	1.18	1.09	1.06	1.04	1.01
1.19	1.19	1.30	1.02	1.09	0.91	0.75	0.81	0.84	0.83	0.87	0.96	1.07	0.93	1.08	1.09	1.05	0.97	0.81	0.96
1.13	1.73	2.07	2.89	3.68	3.44	4.28	3.86	3.61	3.49	3.24	3.82	3.54	3.81	4.02	3.07	3.83	4.88	4.67	5.11
-5.7%	-5.1%	4.3%	4.7%	-4.9%	18.7%	-10.0%	-13.0%	-10.0%	0.3%	3.4%	8.7%	6.5%	-4.3%	6.6%	9.4%	3.4%	6.3%	21.4%	37.9%
-2.6%	-1.9%	1.4%	1.2%	-1.0%	4.2%	-1.9%	-2.7%	-2.2%	0.1%	0.8%	1.8%	1.4%	-0.9%	1.3%	2.3%	0.7%	1.1%	3.8%	6.2%
-5.46	3.34	-6.13	16.71	0.60	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	159 days	118 days	136 days	202 days	191 days	163 days	117 days	145 days	101 days	82 days	120 days
-	-	-	-	-	-	-	-	-	116 days	64 days	90 days	141 days	94 days	123 days	90 days	103 days	96 days	90 days	96 days

EBIT margin: not included in this filing.

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.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	3	8	8	9	10
full-time	2	7	7	8	9
part-time	1	1	1	1	1
in full-time equivalents	2.4	7.4	7.4	8.4	9.4
	4.9	7.4	8.3	8.9	9.4
On a permanent contract	3	8	8	9	10
Joined	0	-	0	0	-
Left	5	-	1	1	-

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	€33,150	€1,375	€1,076	€18,798
Financial fixed assets	€75	-	€2,150	-	-
	€7,377	€15,973	€9,144	€12,521	€11,492

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on POLYCONSTRUCT

The operating result for 2025 is a loss of €14,327, larger than the loss of €9,901 in 2024.

Debt's share of the balance-sheet total falls from 63.3% to 53.1%. Equity and debt are lower.

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Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency46.9%

Current ratio1.82

Return on assets-2.6%

Staff

Staff cost per FTE€35,036

Joined and left-5 people

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on POLYCONSTRUCT

Next steps

in euro

in euro

46.9%

1.82

-2.6%

€35,036

-5 people