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POLYCONSTRUCT

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

Lifetime

20 annual accounts with figures on one time axis, 36 filings since 1990
peak €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 accounts

Losses

-€21,673 in two years
-10,5352024-11,1382025

The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.

Staff

4.9 FTE from 13.2 in 2011

Between 2011 and 2025, 63% of the full-time equivalents disappeared.

Filings

36 annual accounts since 1990
AprilJune31 JulyOctober1990200020102020

Seven of the last ten came late. The 2016 accounts came latest: 73 days after the end of the period.

Checked 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 strength
Weak

72+10equity 46.9% of total assets
34-1short-term debt 51.6% · cash 7.9%
15-29return on assets -2.6%

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
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Founded in 1990
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Size: 4.9 FTE, total assets €420,398
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €197,052 (46.9% of total assets)
NBB · annual accounts
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 2025
Net 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 filings
Deviation 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 months
Where today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

PC
Paul CALLENS
Director
Board & ownership

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
All 46 events

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
Company details

Annual accounts 2025

€177,163▼ 22.7%
≈ €600,000estimated
€11,138▲ 5.7%
€197,052▼ 5.3%
€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
Financials

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.

Financials

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

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 Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 420,398567,842670,940813,720934,220928,838898,765909,742976,0621.0m983,3411.1m929,938920,3881.0m759,809817,028959,409897,582905,914
21/28 25,63540,11722,94028,55944,97637,67018,2016,0355,66629,62849,76387,469117,665133,230172,837186,718226,585239,958264,182282,995
22/27 23,41037,96720,79028,55944,97637,67018,2016,0355,66629,62849,76387,469117,665133,230172,837186,718226,585239,958264,182282,995
22 ---------16,41132,94549,48066,01482,549102,564122,579142,595162,610182,626202,641
23 1,3402,0023,2743,3164,1685,32218,2016,0351,6665,2174,81811,5929,61713,64215,14117,16121,56813,03711,44111,038
24 22,07035,96517,51625,24340,80932,348--4,0008,00012,00026,39742,03437,03955,13246,97862,42364,31170,11569,316
28 2,2252,1502,150-----------------
29/58 394,763527,725648,000785,161889,244891,167880,564903,707970,3961.0m933,578992,394812,273787,158829,351573,091590,442719,451633,399622,919
3 135,850110,07679,826226,210275,679285,714361,475341,677357,523384,010305,901214,81893,110153,83244,02040,76423,87355,783138,88126,188
37 135,850110,07679,826226,210275,679285,714361,475341,677357,523384,010305,901214,81893,110153,83244,02040,76423,87355,783138,88126,188
40/41 221,848328,824528,745431,208428,888524,717489,014538,033596,245575,084601,757738,658674,698581,401727,799450,979542,403560,724394,338588,782
40 197,079304,715507,755415,038397,135489,653462,080504,828571,939555,009586,594721,798656,502569,110718,430437,753533,586551,941385,415575,780
41 24,76924,10920,99016,17031,75435,06426,93433,20624,30620,07515,16316,86018,19612,2919,36913,2268,8168,7838,92313,002
54/58 33,06680,55230,406124,582180,81977,22230,07523,99716,62856,10325,92038,91844,46551,92557,53281,34824,166102,944100,1807,949
490/1 4,0008,2739,0243,1623,8583,515--------------
Balance sheet: equity and liabilities
10/49 420,398567,842670,940813,720934,220928,838898,765909,742976,0621.0m983,3411.1m929,938920,3881.0m759,809817,028959,409897,582905,914
10/15 197,052208,190218,725209,284199,539209,331170,207187,191211,531232,678232,010224,040204,806191,468199,618186,511169,053163,286158,287148,287
10/11 37,20037,20037,20037,20037,20037,20037,20037,20037,20037,20037,20037,20037,20037,20037,20037,20037,20037,20037,20037,200
100 ------37,20037,20037,20037,20037,20037,20037,20037,20037,20037,20037,20037,20037,20037,200
13 195,478195,478195,478195,478195,478195,478195,478195,478195,478195,478194,810186,840167,606154,268162,418149,311131,853126,086121,087111,087
130/1 3,7203,7203,7203,7203,7203,720--------------
130 ------3,7203,7203,7203,7203,7203,7203,7203,7203,7203,7203,7203,7203,7203,720
1311 3,7203,7203,7203,7203,7203,720--------------
133 191,758191,758191,758191,758191,758191,758191,758191,758191,758191,758191,090183,120163,886150,548158,698145,591128,133122,366117,367107,367
14 -35,626-24,489-13,953-23,395-33,139-23,348-62,471-45,487-21,147-----------
17/49 223,346359,652452,215604,437734,681719,507728,558722,551764,531812,147751,331855,823725,132728,920802,570573,298647,975796,123739,295757,627
17 6,2528,85114,63958,759173,51453,76537,54630,79533,91051,90731,35450,00652,55950,44174,71986,083106,747115,248127,435138,855
170/4 6,2528,85114,63958,759173,51453,76537,54630,79533,91051,90731,35450,00652,55950,44174,71986,083106,747115,248127,435138,855
42/48 217,094350,801437,576545,678561,167665,742691,012691,756730,620760,240719,977805,817672,573678,479727,851487,215541,228680,875611,859618,772
42 2,59917,13430,57424,04615,561209,838205,294204,378211,034193,367111,321123,15227,02129,01232,88528,12137,65926,12522,95321,199
43 ---205,125205,125205,125205,125205,125205,125205,125303,375207,315269,465294,965294,515210,815210,815210,815210,815210,815
430/8 ----------98,250-62,15087,65084,700-----
439 ---205,125205,125205,125205,125205,125205,125205,125205,125207,315207,315207,315209,815210,815210,815210,815210,815210,815
44 80,230171,504200,854238,174259,849170,006204,531204,671260,338309,069268,641412,638260,304262,040348,446212,984217,087361,900266,113312,303
440/4 80,230103,641111,223238,174259,849170,006204,531204,671260,338309,069268,641412,638260,304262,040348,446212,984217,087361,900266,113312,303
441 -67,86389,631-----------------
46 ------------86,50054,000----38,5405,000
45 6,70517,7016,6853,9953,0916,2976,46115,5205,5863,3967,35733,429-9,17922,7223,10014,02317,9042,07813,904
450/3 6,41214,5884,0562,907-4,1533,98213,6463,2281,3954,66430,404-4,90222,711-6,69912,829-9,961
454/9 2923,1132,6291,0883,0912,1442,4791,8742,3582,0012,6933,025-4,277113,1007,3245,0752,0783,943
47/48 127,561144,463199,46374,33977,54274,47669,60162,06348,53849,28329,28329,28329,28329,28329,28332,19561,64464,13171,36055,551
Income statement
70 ---------1.3m1.8m1.9m1.2m1.1m1.6m1.4m1.3m2.0m1.7m1.8m
76A ------7,95213,27331,345-4,663-1,9792,2932,6734,9111,516812686-
9900 177,163229,283281,253367,297340,030396,702368,586296,855290,634387,248392,301492,445435,637490,094577,673502,144549,184624,271629,823563,308
60/61 ---------975,8241.5m1.7m674,9911.0m1.0m863,832771,6861.4m1.1m1.2m
62 171,678217,323284,333335,476317,498332,718376,017309,545287,586350,376340,377433,382370,827436,604481,691430,529483,769544,060515,975438,326
630 7,37715,9739,14412,52111,49211,0886,5327,08525,00224,91835,52435,59439,15346,17049,72042,28248,25842,73540,60739,647
631/4 --5,201-13,60013,600---------------
635/8 ---------517----------
640/8 5,2545,8886,1806,0425,3387,8456,1526,8847,7106,8625,1035,4475,5186,96724,3604,8785,4849,4795,9008,271
66A 7,180---29--213660-3,9105,8141,7506927536791,8034,21211,0921,280
9901 -14,327-9,901-23,60526,858-7,92745,052-20,115-26,871-30,3224,57511,29718,02220,13935321,90224,45511,67227,99767,34177,064
75/76B 7,8541,16441,086-11,792-7,9526,15115,8879,3399,38519,2551,2662,7341,5457643,5711,0571,4071,296
75 1,0821,164860-17--6,15115,8879,3399,38519,2551,2662,7341,5457643,5711,0571,4071,296
76B 6,773-40,225-11,775-7,952-------------
65/66B 4,4971,8202,35916,86213,6575,9294,8213,6195,97510,1878,1658,9528,1039,1018,6948,7459,1008,9379,4779,100
65 1,2731,8202,3592,3575,8965,9294,8213,6195,97510,1878,1658,9528,1039,1018,6948,7459,1008,9379,4779,100
66B 3,224--14,5057,760---------------
9903 -10,969-10,55715,1229,997-9,79139,123-16,984-24,340-20,4093,72713,27022,51113,531-4,41316,67320,7065,85616,71748,86567,980
67/77 168-225,681252----7383,0595,2992,9771933,7373,5663,250896,37214,94711,759
9904 -11,138-10,5359,4419,745-9,79139,123-16,984-24,340-21,1476687,97119,53413,338-8,15013,10717,4565,76710,34533,91856,221
9905 -11,138-10,5359,4419,745-9,79139,123-16,984-24,340-21,1476687,97119,53413,338-8,15013,10717,4565,76710,34533,91856,221
Appropriation of the result
9906 -35,626-24,489-13,953-23,395-33,139-23,348-62,471-45,487-21,1476687,97119,53413,338-8,15013,10717,4565,76710,34533,91856,221
14P -24,489-13,953-23,395-33,139-23,348---------------
791/2 -------------8,150------
691/2 ---------6687,97119,53413,338-13,10717,4565,7675,34510,00041,220
6921 ---------6687,97119,53413,338-13,10717,4565,7675,34510,00041,220
694/7 -----------------5,00023,91815,001
695 -----------------5,00023,91815,001
Social balance sheet
9087 4.97.48.38.99.49.910.59.28.599.310.310.711.113.211.710131312
Hours worked1013 3,8035,3217,0348,9448,4438,93011,1989,7078,297-11,06013,43111,32313,87316,48014,70316,65919,46619,31917,958
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

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
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
-6,9506,072-14,46139,3793,56556,140-13,583-19,786-5,32129,49346,82153,61659,29246,52371,62266,73759,93070,732107,948116,711
-3,7615,43818,58622,2651,70150,211-10,452-17,2553,85425,58643,49555,12852,49138,02062,82759,73854,02553,08074,52595,868
7533,1503,5251,07618,79830,55718,6984,0771,0394,7701,2109,8603,5886,56335,8392,41434,88621,94021,79452,870
-47,48550,146-94,176-56,238103,59747,1476,0797,368-39,47530,183-12,998-5,547-7,460-5,607-23,81657,182-78,7782,76392,231-
177,669176,924210,424239,483328,077225,426189,552211,951239,776254,957213,601186,577139,700108,679101,50085,87649,21438,57621,5404,147
---------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%
1.821.501.481.441.581.341.271.311.331.341.301.231.211.161.141.181.091.061.041.01
1.191.191.301.021.090.910.750.810.840.830.870.961.070.931.081.091.050.970.810.96
1.131.732.072.893.683.444.283.863.613.493.243.823.543.814.023.073.834.884.675.11
-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%
-5.463.34-6.1316.710.60---------------
---------159 days118 days136 days202 days191 days163 days117 days145 days101 days82 days120 days
---------116 days64 days90 days141 days94 days123 days90 days103 days96 days90 days96 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

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date388910
full-time27789
part-time11111
in full-time equivalents2.47.47.48.49.4
4.97.48.38.99.4
On a permanent contract388910
Joined0-00-
Left5-11-

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

Investments

fixed assets acquired
Item20252024202320222021
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.

Board & ownership

Board

1 director, no change since 2023
Paul CALLENS
Director (not named in the articles)
appointed by deed of 17-10-2023 term without a fixed end
earlier manager, until 17-10-2023
listed in the 2025 annual accounts, filed on 22-07-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Paul CALLENS
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • Paul CALLENS
    • Director (not named in the articles), since before 31-12-2021
    • Manager, until 17-10-2023

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€37,200
Source
2025 annual accounts

Articles of association

deed of 17-10-2023 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Tuesday of April at 16:00

Network & group

No group

POLYCONSTRUCT has no parent and no holdings in its annual accounts. Paul CALLENS is the only director. POLYCONSTRUCT shares no director with another company.

Timeline

Timeline

46 events since 1990

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · 9 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0440048913
Annual accounts 2024 filed PDFfull format · 42 days before the deadline
2024
Annual accounts 2023 filed PDFfull format · 54 days before the deadline
2023
Change of role: Paul CALLENS, from manager to directorGeneral meeting of 10-10-20235 points ▸
  • General meeting, 10-10-2023
  • Director resignation, Paul CALLENS (manager)
  • Director appointment, Paul CALLENS (director (not named in the articles))
  • Registered office clause, rue de Bourgogne 29, 1190 Forest
  • Power of attorney, Olivier PALSTERMAN
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFfull format · 9 days late
2022
Back to profit net €9,745 The net result is €9,745, after one loss-making year.
Annual accounts 2021 filed PDFfull format · 24 days late
2021
Annual accounts 2020 filed PDFfull format · 18 days late
2020
Back to profit net €39,123 The net result is €39,123, after 3 loss-making years.
Annual accounts 2019 filed PDFfull format · 47 days late
2019
Annual accounts 2018 filed PDFfull format · 29 days late
2018
Weakest financial year net -€24,340 The net result drops to -€24,340, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2017 filed PDFfull format · 31 days late
2017
Annual accounts 2016 filed PDFfull format · 73 days late
2016
Annual accounts 2015 filed PDFfull format · 32 days late
2015
Annual accounts 2014 filed PDFfull format · 44 days late
2014
Annual accounts 2013 filed PDFfull format · 51 days late
2013
Back to profit net €13,338 The net result is €13,338, after one loss-making year.
Equity above €200,000 equity €204,806 ▲7% Equity rises from €191,468 to €204,806.
Annual accounts 2012 filed PDFfull format · 41 days late
2012
Annual accounts 2011 filed PDFfull format · 81 days late
2011
Annual accounts 2010 filed PDFfull format · 124 days late
2010
Annual accounts 2009 filed PDFfull format · 40 days late
2009
Annual accounts 2008 filed PDFfull format · 13 days late
2008
Annual accounts 2007 filed PDFfull format · 1 day late
2007
Equity above €150,000 equity €158,287 ▲6.7% With a profit in every financial year since 2006, equity grows to €158,287.
Annual accounts 2006 filed PDFfull format · 34 days before the deadline
2006
Annual accounts 2005 filed PDFfull format
2005
Annual accounts 2004 filed PDFfull format
2004
Annual accounts 2003 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
2002
Annual accounts 2001 filed PDFfull format
2001
Annual accounts 2000 filed PDFfull format
2000
Annual accounts 1999 filed PDFfull format
1999
Annual accounts 1998 filed PDFfull format
1998
Annual accounts 1997 filed PDFfull format
1997
Annual accounts 1996 filed PDFfull format
1996
Annual accounts 1995 filed PDFfull format
1995
Annual accounts 1994 filed PDFfull format
1994
Annual accounts 1993 filed PDFfull format
1993
Annual accounts 1992 filed PDFfull format
1992
Annual accounts 1991 filed PDFfull format
1991
Annual accounts 1990 filed PDFfull format
1990
First establishment Boergondiëstraat 29, Forest
Incorporation published on 01-05-1990

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

POLYCONSTRUCT was incorporated on 30 January 1990.1 Paul CALLENS is director of the company, appointed by deed of 17-10-2023.2 Total assets fell from €909,742 in 2018 to €420,398 in 2025 and headcount from 9.2 to 4.9 full-time equivalents.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 17-10-2023
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0440.048.913
VAT number
BE 0440.048.913
Peppol ID
0208:0440048913
Legal form
Private limited company
Status
Active, normal situation
Founded
30-01-1990
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Tuesday of April at 16:00
deed of 17-10-2023 (in French)
Peppol
Reachable since 23-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
POLYCONSTRUCT in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 17-10-2023 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale”
deed of 17-10-2023 (in French)

Activities

NACEBEL 2025
VAT activities
43120 Site preparation main activity
42110 Construction of roads and motorways
43350 Other building finishing work
43990 Other specialised construction activities
Social security (RSZ) activities
41001 General construction of residential buildings main activity
Codes under NACEBEL 2008
VAT activities
43120 Site preparation main activity
42110 Construction of roads and motorways
43390 Specialised construction activities
43999 Specialised construction activities
Social security (RSZ) activities
41201 General construction of buildings main activity
Codes under NACEBEL 2003
VAT activities
45112 main activity
45230
45250
45450
Social security (RSZ) activities
45211 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Elle peut acquérir tous matériaux de construction et les revendre; Elle pourra acheter,vendre,échanger,morceler,mettre en valeur,prendre ou…”
3 activities
  1. Elle peut acquérir tous matériaux de construction et les revendre.
  2. Elle pourra acheter,vendre,échanger,morceler,mettre en valeur,prendre ou donner en location,gérer,tous biens meubles,immeubles divis ou indivis et tous droits immobiliers,soit pour son compte,soit pour compte de tiers.
  3. La société a pour objet,pour elle-même ou pour le compte de tiers,toutes constructions,entreprises,adjudications,soumissions,soit d immeubles,soit d établissements de voirie,soit d ouvrages immobiliers,soit relativement à tous autres travaux publics ou privés.
deed of 17-10-2023 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Boergondiëstraat 29 registered office 1190 Forest 18-04-1990 2.047.915.468

Buildings and parcels at the address

Ground area
115 m²
Buildings
75 m²
Volume, LiDAR
823 m³
Tallest building
15.5 m
Buildings to scale, each on its own parcel
75 m², 15.5 m 75 m², 15.5 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
21382C0227/00B016115 m² 1 · 75 m² 15.5 m · 4

Recognitions

Recognised contractor

20 categories
POLYCONSTRUCT SRLapproval number 22360
  • D General building contractsclass 4, up to €1,080,000
  • D1 All shell construction and roofing-in of buildingsclass 4, up to €1,080,000
  • D4 Sound and heat insulation, light partitions, false ceilings and floorsclass 1, up to €162,000
  • D5 General joinery, timber roof trusses and stairsclass 1, up to €162,000
  • D8 Asphalt and similar roof coverings, waterproofingclass 1, up to €162,000
  • D10 Tilingclass 1, up to €162,000
  • D11 Plastering and renderingclass 1, up to €162,000
  • D12 Non-metal, non-asphalt roof coveringsclass 1, up to €162,000
Show all 20 categories
  • D14 Glazingclass 1, up to €162,000
  • D15 Parquet flooringclass 1, up to €162,000
  • D16 Sanitary installations and gas heating with individual appliancesclass 1, up to €162,000
  • D17 Central heating, thermal installationsclass 1, up to €162,000
  • D21 Cleaning and restoring facadesclass 1, up to €162,000
  • D22 Metal roofing and zinc workclass 1, up to €162,000
  • D24 Restoration of monumentsclass 1, up to €162,000
  • E General civil engineering contractsclass 1, up to €162,000
  • G General earthworks contractsclass 1, up to €162,000
  • G3 Plantingclass 1, up to €162,000
  • G5 Demolitionclass 1, up to €162,000
  • P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 1, up to €162,000
decision 14-11-2024

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 0440.048.913

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