POLYDAK
ActiveSummary
POLYDAK has been active since 1980 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.4m and a net result of €469,523. Equity remains stable across the filed financial years (±0.8% per year). Its solvency ranks better than 33% of 2,441 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Roofing work
NACE 43410
2nd oldest company in Lommel, Construction sector1 site
Size
€23.9mturnover 2025
- Staff
- 38.7 FTE
- Equity
- €2.4m
- Profit
- €469,523
Structure
- Parent
- MILINAS · 99%
- MILINASDirector · permanent representative SCHUURMANS Roeland
- Roeland SchuurmansManaging director
- SCHUURMANS JacobDirector
Auditor: BV VAN HAVERMAET BEDRIJFSREVISOREN2025 accounts 93 days early3 of 10 deeds summarised
Why 83raises riskLiquidity: current ratio 1.21, cash €316,153Sector: Specialised construction activities (NACE 43)lowers riskFounded in 1980Profit of €469,523 (financial year 2025)Show the evidence
Checked score
Score 2025
83
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 36% of its sector peers (NACE 43, small)
Financial strength · tick = 2024
Weak
Solvency
55-6
equity 30.2% of total assets
Liquidity
23+1
short-term debt 61.8% · cash 3.9%
Profitability
64+1
return on assets 5.8%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%● unchanged vs 11-2024
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025lowest value
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.4%▲ +0.2 percentage points vs 05-2025highest value
07-2025: 0.4%● unchanged vs 06-2025highest value
08-2025: 0.4%● unchanged vs 07-2025highest value
09-2025: 0.4%● unchanged vs 08-2025highest value
10-2025: 0.4%● unchanged vs 09-2025highest value
11-2025: 0.4%● unchanged vs 10-2025highest value
12-2025: 0.4%● unchanged vs 11-2025highest value
01-2026: 0.4%● unchanged vs 12-2025highest value
02-2026: 0.3%▼ -0.1 percentage points vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026
05-2026: 0.3%▼ -0.1 percentage points vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €200,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.21, compared with 1.31 in 2024, below the usual 1.5; short-term debt: 61.8% and cash: 3.9% of total assets), and 69.8% of the assets are financed with debt and provisions.
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 43, small): better than 38% on solvency, 14% on liquidity, 32% on profitability and 58% on growth.
The bankruptcy probability was computed on 30-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises riskneutral
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 29-04-2026, 93 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
93 days early
2024
58 days early
2023
58 days early
2022
68 days early
2021
79 days early
2020
106 days early
2019
94 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 79 days before the deadline; the sector median (NACE 43) for financial year 2024 is 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 24 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
- Resignation: BV IRA NICOLAIJ (statutory auditor)Permanent representatives: Ira NICOLAIJ and…
Financials · financial year 2025, full format
In the rankings
#2 oldest company in Lommel, Construction sector#3 employer in Lommel, Construction sector#5 company by total assets in Lommel, Construction sector
Turnover
€23.9m▲ 18.7%
2024 · €20.1m
EBIT margin
3.5%▲ 0.1pp
2024 · 3.4%
Net result
€469,523▲ 33.0%
2024 · €353,001
Working capital
€1.1m▼ 10.1%
2024 · €1.2m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 23% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€23.9m
2025
Operating result€0.8m
2025
Net result€0.5m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€8.1m
2025
Equity€2.4m
2025
Debt€5.6m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.1m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin3.5%
2025
Return on assets (ROA)5.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency30.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.21
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)38.7
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction 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), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€13.9m-€12.4m▼ 10.4%€14.7m▲ 18.4%€13.4m▼ 8.6%€15.7m▲ 16.5%€22.5m▲ 43.8%€20.1m▼ 10.7%€23.9m▲ 18.7%
Operating result€1.0m-€1.0m▼ 4.6%€0.8m▼ 23.6%€0.3m▼ 55.6%€0.3m▼ 8.6%€1.2m▲ 298%€0.7m▼ 43.9%€0.8m▲ 23.2%
Net result€0.8m-€0.7m▼ 6.3%€0.6mabove the sector's middle half▼ 24.6%€0.2mabove the sector's middle half▼ 69.1%€0.1mabove the sector's middle half▼ 20.0%€0.9mabove the sector's middle half▲ 565%€0.4mabove the sector's middle half▼ 61.9%€0.5mabove the sector's middle half▲ 33.0%
EBIT margin7.5%-8.0%▲ 0.5pp5.1%▼ 2.8pp2.5%▼ 2.6pp2.0%▼ 0.5pp5.4%▲ 3.5pp3.4%▼ 2.0pp3.5%▲ 0.1pp
Equity€2.3m-€2.3m▲ 2.1%€2.4mabove the sector's middle half▲ 0.6%€2.4mabove the sector's middle half▲ 1.0%€2.4mabove the sector's middle half▲ 0.6%€2.4mabove the sector's middle half▲ 1.1%€2.4mabove the sector's middle half▲ 0.1%€2.4mabove the sector's middle half▲ 0.8%
Total assets€4.9m-€5.4m▲ 9.0%€5.8mabove the sector's middle half▲ 7.5%€5.4mabove the sector's middle half▼ 6.1%€5.9mabove the sector's middle half▲ 8.5%€5.5mabove the sector's middle half▼ 5.7%€6.7mabove the sector's middle half▲ 21.7%€8.1mabove the sector's middle half▲ 20.2%
Debt€2.6m-€3.0m▲ 15.1%€3.4m▲ 12.8%€3.0m▼ 11.1%€3.5m▲ 14.7%€3.1m▼ 10.4%€4.3m▲ 38.4%€5.6m▲ 31.1%
Working capital€1.9m-€2.1m▲ 11.6%€2.1mabove the sector's middle half▲ 3.1%€1.9mabove the sector's middle half▼ 12.4%€2.2mabove the sector's middle half▲ 16.8%€1.6mabove the sector's middle half▼ 28.2%€1.2mabove the sector's middle half▼ 24.9%€1.1mabove the sector's middle half▼ 10.1%
Solvency46.7%-43.7%▼ 3.0pp40.9%within the sector's middle half▼ 2.8pp44.0%within the sector's middle half▲ 3.1pp40.8%within the sector's middle half▼ 3.2pp43.8%within the sector's middle half▲ 3.0pp36.0%within the sector's middle half▼ 7.7pp30.2%within the sector's middle half▼ 5.8pp
Current ratio1.76-1.77▲ 0.011.74within the sector's middle half▼ 0.031.83within the sector's middle half▲ 0.091.86within the sector's middle half▲ 0.031.59within the sector's middle half▼ 0.271.31within the sector's middle half▼ 0.281.21within the sector's middle half▼ 0.10
Return on assets (ROA)16.3%-14.0%▼ 2.3pp9.8%within the sector's middle half▼ 4.2pp3.2%within the sector's middle half▼ 6.6pp2.4%within the sector's middle half▼ 0.8pp16.8%above the sector's middle half▲ 14.4pp5.3%within the sector's middle half▼ 11.5pp5.8%within the sector's middle half▲ 0.6pp
Staff (FTE)38.7-38.6▼ 0.3%38.4above the sector's middle half▼ 0.5%38.1above the sector's middle half▼ 0.8%38.7above the sector's middle half▲ 1.6%41.4above the sector's middle half▲ 7.0%42.5above the sector's middle half▲ 2.7%38.7above the sector's middle half▼ 8.9%
above
within
below
the middle half of NACE 43, Specialised construction 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.1m
Fixed assets
€2.0m ▲ 18.4%
Current assets
€6.1m ▲ 20.8%
Equity and liabilities €8.1m
Equity
€2.4m ▲ 0.8%
Debt
€5.6m ▲ 31.1%
Debt's share of the balance-sheet total rises from 64.0% to 69.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.2m▲
2024 · €949,241
Cash flow
€812,943▲
2024 · €617,817
Quick ratio
1.06▼
2024 · 1.18
Debt to equity
2.31▲
2024 · 1.77
ROE
19.2%▲
2024 · 14.6%
Interest coverage
16.51▼
2024 · 21.96
Debt ≤ 1 year
€5.0m▲
2024 · €3.8m
Debt > 1 year
€641,638▲
2024 · €466,774
Income taxes
€164,320▲
2024 · €124,920
Staff costs
€3.0m▲
2024 · €3.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,136 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95.0%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
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 20,136 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.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €13.5m | €15.7m | €23.0m | €20.3m | €24.1m | ▲ 18.6% |
| Turnover70 | €13.9m | €12.4m | €14.7m | €13.4m | €15.7m | €22.5m | €20.1m | €23.9m | ▲ 18.7% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | - | - | - | - | €0.01m | - |
| Other operating income74 | - | - | - | €0.07m | €0.05m | €0.3m | €0.2m | €0.2m | ▲ 9.0% |
| Non-recurring operating income76A | - | - | - | €0.002m | - | €0.1m | €0.008m | €0.006m | ▼ 20.6% |
| Operating charges60/66A | - | - | - | €13.2m | €15.4m | €21.8m | €19.6m | €23.2m | ▲ 18.5% |
| Goods for resale, raw materials and consumables60 | - | - | - | €9.3m | €11.2m | €16.7m | €14.3m | €17.5m | ▲ 21.8% |
| Purchases600/8 | - | - | - | €9.6m | €11.4m | €15.9m | €14.1m | €17.7m | ▲ 25.8% |
| Change in stocks: decrease (increase)609 | - | - | - | -€0.3m | -€0.1m | €0.9m | €0.2m | -€0.3m | - |
| Services and other goods61 | - | - | - | €1.5m | €1.6m | €1.9m | €2.0m | €2.4m | ▲ 19.9% |
| Remuneration, social security and pensions62 | - | - | - | €2.1m | €2.3m | €2.9m | €3.0m | €3.0m | ▲ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 29.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.002m | €0.002m | €0.005m | -€0.02m | €0.003m | - |
| Other operating charges640/8 | - | - | - | €0.01m | €0.01m | €0.01m | €0.04m | €0.01m | ▼ 70.9% |
| Non-recurring operating charges66A | - | - | - | €0.01m | €0.004m | €0.04m | €0.02m | €0.02m | ▼ 5.4% |
| Operating profit (loss)9901 | €1.0m | €1.0m | €0.8m | €0.3m | €0.3m | €1.2m | €0.7m | €0.8m | ▲ 23.2% |
| Financial income75/76B | - | - | - | €0.02m | €0.03m | €0.06m | €0.02m | €0.05m | ▲ 147% |
| Recurring financial income75 | €0.09m | €0.06m | €0.05m | €0.02m | €0.03m | €0.06m | €0.02m | €0.05m | ▲ 147% |
| Income from current assets751 | - | - | - | - | €0.001m | €0.009m | €0.007m | €0.004m | ▼ 38.8% |
| Other financial income752/9 | - | - | - | €0.02m | €0.02m | €0.05m | €0.01m | €0.05m | ▲ 235% |
| Financial charges65/66B | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 15.0% |
| Recurring financial charges65 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 15.0% |
| Debt charges650 | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | €0.06m | €0.04m | €0.07m | ▲ 66.4% |
| Other financial charges652/9 | - | - | - | €0.08m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 2.9% |
| Profit (loss) for the period before taxes9903 | €1.0m | €0.9m | €0.7m | €0.2m | €0.2m | €1.1m | €0.5m | €0.6m | ▲ 32.6% |
| Income taxes67/77 | €0.2m | €0.2m | €0.1m | €0.07m | €0.05m | €0.2m | €0.1m | €0.2m | ▲ 31.5% |
| Taxes670/3 | - | - | - | €0.07m | €0.05m | €0.2m | €0.1m | €0.2m | ▲ 31.2% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | - | €364 | - | - |
| Profit (loss) for the period9904 | €0.8m | €0.7m | €0.6m | €0.2m | €0.1m | €0.9m | €0.4m | €0.5m | ▲ 33.0% |
| Profit (loss) for the period to be appropriated9905 | €0.8m | €0.7m | €0.6m | €0.2m | €0.1m | €0.9m | €0.4m | €0.5m | ▲ 33.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4.9m | €5.4m | €5.8m | €5.4m | €5.9m | €5.5m | €6.7m | €8.1m | ▲ 20.2% |
| Fixed assets21/28 | €0.6m | €0.6m | €0.7m | €1.2m | €1.1m | €1.3m | €1.7m | €2.0m | ▲ 18.4% |
| Intangible fixed assets21 | €0.2m | €0.2m | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.4m | €0.3m | €0.7m | €1.2m | €1.1m | €1.3m | €1.7m | €2.0m | ▲ 18.4% |
| Plant, machinery and equipment23 | - | - | - | €0.5m | €0.4m | €0.5m | €0.6m | €0.9m | ▲ 43.9% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.2m | €0.3m | €0.6m | €0.7m | ▲ 11.3% |
| Other tangible fixed assets26 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.4m | ▼ 5.7% |
| Financial fixed assets28 | €0.05m | €0.05m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Other financial fixed assets284/8 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Current assets29/58 | €4.3m | €4.8m | €5.0m | €4.2m | €4.7m | €4.3m | €5.0m | €6.1m | ▲ 20.8% |
| Stocks and contracts in progress3 | €0.8m | €1.0m | €1.2m | €1.5m | €1.6m | €0.8m | €0.5m | €0.8m | ▲ 53.0% |
| Stocks30/36 | - | - | - | €1.5m | €1.6m | €0.8m | €0.5m | €0.8m | ▲ 50.9% |
| Goods purchased for resale34 | - | - | - | €1.5m | €1.6m | €0.8m | €0.5m | €0.8m | ▲ 50.9% |
| Contracts in progress37 | - | - | - | - | - | - | - | €0.01m | - |
| Amounts receivable within one year40/41 | €2.7m | €3.6m | €3.6m | €2.6m | €2.8m | €3.1m | €4.4m | €4.9m | ▲ 11.5% |
| Trade receivables40 | - | - | - | €1.4m | €2.2m | €2.1m | €3.4m | €3.6m | ▲ 6.9% |
| Other amounts receivable41 | - | - | - | €1.2m | €0.7m | €1.0m | €1.1m | €1.3m | ▲ 26.0% |
| Cash at bank and in hand54/58 | €0.8m | €0.2m | €0.2m | €0.02m | €0.2m | €0.4m | €0.05m | €0.3m | ▲ 527% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.03m | €0.04m | €0.04m | €0.05m | ▲ 3.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4.9m | €5.4m | €5.8m | €5.4m | €5.9m | €5.5m | €6.7m | €8.1m | ▲ 20.2% |
| Equity10/15 | €2.3m | €2.3m | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | ▲ 0.8% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €2.1m | €2.1m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | ▲ 0.9% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Tax-exempt reserves132 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | ▲ 0.9% |
| Amounts payable17/49 | €2.6m | €3.0m | €3.4m | €3.0m | €3.5m | €3.1m | €4.3m | €5.6m | ▲ 31.1% |
| Amounts payable after more than one year17 | €0.2m | €0.2m | €0.5m | €0.7m | €0.6m | €0.4m | €0.5m | €0.6m | ▲ 37.5% |
| Financial debts170/4 | - | - | - | €0.7m | €0.6m | €0.4m | €0.5m | €0.6m | ▲ 37.5% |
| Credit institutions173 | - | - | - | €0.7m | €0.6m | €0.4m | €0.5m | €0.6m | ▲ 37.5% |
| Amounts payable within one year42/48 | €2.5m | €2.7m | €2.9m | €2.3m | €2.6m | €2.7m | €3.8m | €5.0m | ▲ 30.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 15.8% |
| Financial debts43 | - | - | - | €0.8m | €1.1m | €0.02m | €1.1m | €2.2m | ▲ 103% |
| Credit institutions430/8 | - | - | - | €0.8m | €1.1m | €0.02m | €1.1m | €2.2m | ▲ 103% |
| Trade debts44 | €1.2m | €1.0m | €1.6m | €1.0m | €1.1m | €1.4m | €1.6m | €1.6m | ▲ 0.2% |
| Suppliers440/4 | - | - | - | €1.0m | €1.1m | €1.4m | €1.6m | €1.6m | ▲ 0.2% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €0.3m | €0.3m | ▼ 4.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.1m | €0.2m | €0.3m | €0.2m | ▼ 27.0% |
| Taxes450/3 | - | - | - | €0.009m | - | €0.08m | €0.09m | €0.06m | ▼ 38.5% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 21.2% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.1m | €0.9m | €0.4m | €0.5m | ▲ 28.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.4m | €0.04m | €0.001m | €0.001m | ▼ 26.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.8m | €0.7m | €0.6m | €0.2m | €0.1m | €0.9m | €0.4m | €0.5m | ▲ 33.0% |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 29.7% |
| Operating cash flow (approximation) | €1.0m | €1.0m | €0.7m | €0.4m | €0.3m | €1.1m | €0.6m | €0.8m | ▲ 31.6% |
| Investment in fixed assets (approximation) | - | -€0.2m | -€0.3m | -€0.7m | -€0.04m | -€0.3m | -€0.7m | -€0.7m | ▲ 6.6% |
| Change in cash | - | -€0.6m | -€0.02m | -€0.2m | €0.2m | €0.1m | -€0.3m | €0.3m | - |
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 46 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 29-04-2026 | 2026-00093778 |
| 31-12-2024 | full format | 03-06-2025 | 2025-00121792 |
| 31-12-2023 | full format | 03-06-2024 | 2024-00109432 |
| 31-12-2022 | full format | 24-05-2023 | 2023-00094865 |
| 31-12-2021 | full format | 13-05-2022 | 2022-20027297 |
| 31-12-2020 | full format | 16-04-2021 | 2021-10500272 |
| 31-12-2019 | full format | 28-04-2020 | 2020-10300028 |
| 31-12-2018 | full format | 08-05-2019 | 2019-12800006 |
| 31-12-2017 | full format | 09-05-2018 | 2018-12700218 |
| 31-12-2016 | full format | 17-05-2017 | 2017-12300550 |
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Of the 8,472 active companies whose main activity is roofing work (NACE 43410), figures are known for 4,467. 1,081 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €10,591 awarded · €9,819 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €823 | €823 |
| 2024 | 1 | €4,778 | €4,006 |
| 2023 | 1 | €4,085 | €4,085 |
| 2022 | 1 | €905 | €905 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
under verification, last change in 2024
This board is reconstructed from a single act (24310507). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 3
MILINAS
CurrentDirector · since 05-12-2023 · Private limited company · permanent representative: SCHUURMANS Roeland
Roeland Schuurmans
CurrentDirector · since 05-12-2023
SCHUURMANS Jacob
CurrentDirector · since 05-12-2023
Day-to-day management 1
Roeland Schuurmans
CurrentAfgevaardigde bestuurder · since 05-01-2024
Permanent representatives 1
SCHUURMANS Roeland
CurrentPermanent representative · since 05-12-2023 · for MILINAS
Statutory auditor 1
BV VAN HAVERMAET BEDRIJFSREVISOREN
CurrentStatutory auditor · since 09-10-2024
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
7 of this company's 10 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
4 people since 2023, 4 in office
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| MILINAS |
|
| Roeland Schuurmans |
|
| SCHUURMANS Jacob |
|
| BV VAN HAVERMAET BEDRIJFSREVISOREN |
|
Owners and capital
Owners
2 ownersChain of control
- MILINAS
- POLYDAK
Highest known parent: MILINAS. The sources do not say who stands above it.
Owners 2
- MILINASparent99%
- Roeland Schuurmansnatural personSourceown accounts 20251%
According to the 2025 annual accounts of POLYDAK and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
Capital over the years
- 05-01-2024 Capital stated in the deed · €200,000 · 100 shares
Group and network
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
BERTRANS
via Roeland Schuurmans · Director
→
POLYDAK II
via Roeland Schuurmans · Afgevaardigde bestuurder
→
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
financial year 2025 · full format
2025
03-06
NBB filing
Annual accounts filed
financial year 2024 · full format
2024
09-10
Gazette deed
Resignation: BV IRA NICOLAIJ (statutory auditor)Permanent representatives: Ira NICOLAIJ and Kim MOORS · Appointment: BV VAN HAVERMAET BEDRIJFSREVISOREN (statutory auditor)5 facts ▸
Gazette deed
Resignation: BV IRA NICOLAIJ (statutory auditor)
Permanent representatives: Ira NICOLAIJ and Kim MOORS · Appointment: BV VAN HAVERMAET BEDRIJFSREVISOREN (statutory auditor)5 facts ▸
- General meeting, 23-05-2023
- Auditor resignation, BV IRA NICOLAIJ (statutory auditor)
- Permanent representative, Ira NICOLAIJ (3 times)
- Auditor appointment, BV VAN HAVERMAET BEDRIJFSREVISOREN (statutory auditor)
- Permanent representative, Kim MOORS
03-07
Gazette deed
Resignations & appointmentsGeneral meeting2 facts ▸
Gazette deed
Resignations & appointments
General meeting2 facts ▸
- General meeting, 31-05-2024
- Other provision, “bestuurder, nietigverklaring benoeming bestuurder” (deed in Dutch)
03-06
NBB filing
Annual accounts filed
financial year 2023 · full format
05-01
Gazette deed
Reappointments: MILINAS, SCHUURMANS Jacob and SCHUURMANS RoelandPermanent representative: SCHUURMANS Roeland · Appointment: SCHUURMANS Roeland (afgevaardigde bestuurder) · Amendment of the articles10 facts ▸
Gazette deed
Reappointments: MILINAS, SCHUURMANS Jacob and SCHUURMANS Roeland
Permanent representative: SCHUURMANS Roeland · Appointment: SCHUURMANS Roeland (afgevaardigde bestuurder) · Amendment of the articles10 facts ▸
- General meeting, “vergadering” (deed in Dutch)
- Amendment of the articles (2 times)
- Director reappointment, MILINAS (director)
- Director reappointment, SCHUURMANS Jacob (director)
- Director reappointment, SCHUURMANS Roeland (director)
- Permanent representative, SCHUURMANS Roeland
- Registered office clause, “3920 Lommel,Marie Curiestraat 75, DERDE BESLUIT” (deed in Dutch)
- Capital, €200,000
- Power of attorney
- Director appointment, SCHUURMANS Roeland (afgevaardigde bestuurder)
2023
31-12
Financial
Highest result from 2018 to 2025net €927,229 ▲565%
Operating result €1.2m, net result €927,229, both a record.
24-05
NBB filing
Annual accounts filed
financial year 2022 · full format
2022
13-05
NBB filing
Annual accounts filed
financial year 2021 · full format
2021
16-04
NBB filing
Annual accounts filed
financial year 2020 · full format
2020
28-04
NBB filing
Annual accounts filed
financial year 2019 · full format
2019
08-05
NBB filing
Annual accounts filed
financial year 2018 · full format
2018
09-05
NBB filing
Annual accounts filed
financial year 2017 · full format
2017
17-05
NBB filing
Annual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 46 annual accounts filed, the latest 10 are here; all 46 are under Financials.
3 of 10 deeds read
About the unread acts
Of the 10 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Register details
Identification
Legal formPublic limited company
Founded22-02-1980
Financial year end31-12
Activities, NACEBEL 2025
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0420170445
Also
9925:BE0420170445
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0420.170.445
Recognitions · licences · registrations
Recognised contractor
1 categoryPOLYDAK NVapproval no. 43961
- D8 Asphalt and similar roof coverings, waterproofingclass 5, up to €2,172,000
Legal Entity Identifier
529900RQGL5MFRUTM748
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Lommel · 1 establishment unit since 1980
Ground area
2.1 ha
Parcel 72020C1417/00C007, Flanders. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
NV POLYDAK SA
since 1980unit no. 2.017.217.641
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72020C1417/00C007 | Flanders | 2.1 ha | - | - |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle verrichtingen in verband met dak-,wand-en vloerbedekkingen; Alle dichtingswerken; Handel in dak-,wand-en vloerbedekkingen” (deed in Dutch)
3 activities (deed in Dutch)
- Alle verrichtingen in verband met dak-,wand-en vloerbedekkingen;
- Alle dichtingswerken;
- Handel in dak-,wand-en vloerbedekkingen;
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- POLYDAK
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Two directors jointly
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of April at 15:00