Polyconstruct
ActiveSummary
The computed 12-month bankruptcy probability of Polyconstruct is 1.7% (moderate). The 2024 annual accounts show equity of €69,593 and a net result of €5,782. Equity is shrinking by about 15% per year across the filed financial years. Its solvency ranks better than 34% of 9,458 sector peers (NACE 82, financial year 2024). The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €69,593
- Profit
- €5,782
Why 54raises riskFigures for financial year 2024 (filed 11-11-2025)1 financial year not filed after the legal deadline; last filed accounts filed 103 days late; 3 of the last 3 lateLiquidity: current ratio 1.46, cash €6,894, halvedlowers riskFounded in 2006Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 82, micro): better than 37% on solvency, 10% on liquidity, 24% on profitability and 55% on growth.
The bankruptcy probability was computed on 29-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 108 days after the deadline; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Back to profitnet €5,782
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 30 October 2026.
Source amounts without an identifiable currency are assumed to be EUR.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result returns to profit in 2024: €528 after a loss of €8,366 in 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 17,041 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.4% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,041 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4,553 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,665 | €15,665 | €15,665 | €239 | €239 | - | - | - |
| Other operating charges640/8 | - | - | - | €1,084 | - | €190 | €339 | ▲ 77.9% |
| Non-recurring operating charges66A | - | - | - | €15,838 | - | - | - | - |
| Gross operating margin9900 | €76,377 | €18,987 | €10,933 | -€123,669 | €12,025 | -€8,175 | €867 | - |
| Operating profit (loss)9901 | €57,514 | €2,205 | -€5,709 | -€140,830 | €11,786 | -€8,366 | €528 | - |
| Financial income75/76B | - | - | - | €43,935 | €3,000 | €5,485 | €6,816 | ▲ 24.3% |
| Recurring financial income75 | €6,909 | €7,596 | €6,608 | €43,935 | €3,000 | €5,485 | €6,816 | ▲ 24.3% |
| Financial charges65/66B | - | - | - | €6,734 | €236 | €466 | €418 | ▼ 10.4% |
| Recurring financial charges65 | €1,411 | €1,192 | €906 | €6,734 | €236 | €466 | €418 | ▼ 10.4% |
| Profit (loss) for the period before taxes9903 | €63,012 | €8,610 | -€8 | -€103,630 | €14,551 | -€3,347 | €6,927 | - |
| Transfer from deferred taxes780 | - | - | - | €42,185 | €42,185 | - | - | - |
| Income taxes67/77 | €188 | €285 | €262 | €330 | €6,826 | - | €1,144 | - |
| Profit (loss) for the period9904 | €63,336 | €8,837 | €243 | -€61,775 | €49,910 | -€3,347 | €5,782 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €126,555 | €126,555 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €64,872 | €10,373 | €1,779 | €64,780 | €176,464 | -€3,347 | €5,782 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €341,209 | €299,033 | €416,597 | €260,508 | €278,493 | €228,908 | €219,752 | ▼ 4.0% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €61,023 | €45,358 | €29,692 | €2,601 | - | - | - | - |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €58,660 | €42,995 | €27,330 | €239 | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €239 | - | - | - | - |
| Financial fixed assets28 | €2,362 | €2,362 | €2,362 | €2,362 | - | - | - | - |
| Current assets29/58 | €280,187 | €253,675 | €386,904 | €257,907 | €278,493 | €228,908 | €219,752 | ▼ 4.0% |
| Amounts receivable after more than one year29 | - | - | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Other amounts receivable291 | - | - | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €119,124 | €123,487 | €175,406 | €94,711 | €144,105 | €109,007 | €112,858 | ▲ 3.5% |
| Trade receivables40 | - | - | - | €88,579 | €134,474 | €91,265 | €91,265 | = |
| Other amounts receivable41 | - | - | - | €6,132 | €9,631 | €17,742 | €21,593 | ▲ 21.7% |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €51,063 | €30,188 | €111,498 | €63,196 | €34,388 | €19,901 | €6,894 | ▼ 65.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €341,209 | €299,033 | €416,597 | €260,508 | €278,493 | €228,908 | €219,752 | ▼ 4.0% |
| Equity10/15 | €148,666 | €153,913 | €150,565 | €49,296 | €67,158 | €63,811 | €69,593 | ▲ 9.1% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €131,488 | €129,951 | €128,415 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | -€48,096 | -€37,723 | -€35,944 | €28,836 | €46,698 | €43,351 | €49,133 | ▲ 13.3% |
| Provisions and deferred taxes16 | €43,209 | €42,697 | €42,185 | - | - | - | - | - |
| Amounts payable17/49 | €149,334 | €102,423 | €223,847 | €211,212 | €211,335 | €165,097 | €150,159 | ▼ 9.0% |
| Amounts payable after more than one year17 | €34,704 | €24,791 | €14,677 | €4,360 | - | - | - | - |
| Financial debts170/4 | - | - | - | €4,360 | - | - | - | - |
| Amounts payable within one year42/48 | €114,630 | €77,632 | €209,169 | €196,852 | €211,335 | €165,097 | €150,159 | ▼ 9.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,317 | €9,544 | - | - | - |
| Trade debts44 | €76,931 | €39,642 | €165,866 | €128,860 | €154,655 | €118,421 | €122,208 | ▲ 3.2% |
| Suppliers440/4 | - | - | - | €128,860 | €154,655 | €118,421 | €122,208 | ▲ 3.2% |
| Taxes, remuneration and social security45 | - | - | - | €340 | €7,039 | €7,019 | €1,144 | ▼ 83.7% |
| Taxes450/3 | - | - | - | €340 | €7,039 | €7,019 | €1,144 | ▼ 83.7% |
| Other amounts payable47/48 | - | - | - | €57,334 | €40,097 | €39,657 | €26,807 | ▼ 32.4% |
| Accrued charges and deferred income492/3 | - | - | - | €10,000 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63,336 | €8,837 | €243 | -€61,775 | €49,910 | -€3,347 | €5,782 | - |
| + Depreciation and write-downs630 | €15,665 | €15,665 | €15,665 | €239 | €239 | - | - | - |
| Operating cash flow (approximation) | €79,001 | €24,502 | €15,908 | -€61,536 | €50,149 | -€3,347 | €5,782 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €26,852 | - | - | - | - |
| Change in cash | - | -€20,875 | €81,310 | -€48,302 | -€28,808 | -€14,487 | -€13,007 | ▲ 10.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 11-11-2025 | 2025-00565054 |
| 31-12-2023 | micro format | 21-11-2024 | 2024-00603430 |
| 31-12-2022 | micro format | 19-05-2024 | 2024-00090823 |
| 31-12-2021 | abbreviated format | 30-08-2022 | 2022-20341808 |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-58500158 |
| 31-12-2019 | abbreviated format | 16-10-2020 | 2020-61400297 |
| 31-12-2018 | abbreviated format | 25-09-2019 | 2019-65400541 |
| 31-12-2017 | abbreviated format | 25-09-2018 | 2018-64700176 |
| 31-12-2016 | abbreviated format | 27-09-2017 | 2017-64500528 |
| 31-12-2015 | abbreviated format | 13-10-2016 | 2016-65600043 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
05-01
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsBoard composition · Incorporation6 facts ▸
- Board composition, HENS Paul Yves Johan (statutory director)
- Board composition, DE BEULE Tessa Elza (statutory director)
- General meeting, 20-12-2023
- Incorporation, 13-04-2006
- Other provision, “registerinschrijving en statutenhistoriek, BE0880.814.735” (deed in Dutch)
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, Eerste besluit” (deed in Dutch)
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42402C0693/00H000 | Flanders | 1,636 m² | 1 · 210 m² | 7.0 m · 1 |
How the parcels are linked
Articles of association
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Onbepaalde duur bij gebrek aan bepaling, één of meer bestuurders” (deed in Dutch)“Algemene kosten los van representatie-,reis- en verplaatsingskosten, algemene vergadering” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager,helft koper(s) naar evenredigheid verworven aantal aandelen, in gemeen overleg of bij gebrek aan akkoord door voorzitter…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 15:00