POLYDUR PRODUCTS
ActivePOLYDUR PRODUCTS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €414k and a net result of €147k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 78% of 15868 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
93
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100▲+30
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 3.9 against 2.19 in 2023; short-term debt: 25.2% and cash: 60.9% of total assets), and 25.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
74.8%
Return on assets
26.5%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €414k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
190 d late
2022
116 d late
2021
339 d late
2020
75 d late
2019
88 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€414k▲ 54.8%
2023 · €268k
2018: €1k
2019: €-260
2020: €40k
2021: €87k
2022: €90k
2023: €268k
2018 → 2024
Total assets
€554k▼ 6.0%
2023 · €589k
2018: €161k
2019: €204k
2020: €264k
2021: €357k
2022: €262k
2023: €589k
2018 → 2024
Net result
€147k▼ 17.3%
2023 · €177k
2018: €-48k
2019: €-2k
2020: €40k
2021: €47k
2022: €3k
2023: €177k
2018 → 2024
Working capital
€405k▲ 27.9%
2023 · €317k
2018: €3k
2019: €-2k
2020: €139k
2021: €184k
2022: €137k
2023: €317k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€40k-€87k▲ 118%€90k▲ 4.0%€268k▲ 196%€414k▲ 54.8%
Operating result€46k-€66k▲ 43.5%€11k▼ 83.7%€239k▲ 2,128%€200k▼ 16.5%
Net result€40k-€47k▲ 17.7%€3k▼ 92.6%€177k▲ 4,980%€147k▼ 17.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 17% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €554k
Fixed assets
€9k▲ 69.9%
Current assets
€545k▼ 6.7%
Equity and liabilities €554k
Equity
€414k▲ 54.8%
Debt
€140k▼ 56.6%
The debt ratio falls from 54.6% to 25.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€201k▼
2023 · €240k
Cash flow
€148k▼
2023 · €178k
Solvency
74.8%▲
2023 · 45.4%
Current ratio
3.90▲
2023 · 2.19
Quick ratio
3.90▲
2023 · 2.19
Debt / equity
0.34▼
2023 · 1.20
ROE
35.4%▼
2023 · 66.2%
ROA
26.5%▼
2023 · 30.1%
Interest coverage
53.92▼
2023 · 116.23
Debt
€140k▼
2023 · €322k
Debt ≤ 1 year
€140k▼
2023 · €267k
Income taxes
€49k▼
2023 · €60k
Staff costs
€29k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€589k€554k▼
Fixed assets21/28€5k€9k▲
Tangible fixed assets22/27€3k€7k▲
Land and buildings22€2k€2k▼
Plant, machinery and equipment23-€5k
Furniture and vehicles24€1k€501▼
Financial fixed assets28€2k€2k=
Current assets29/58€584k€545k▼
Amounts receivable within one year40/41€269k€207k▼
Trade receivables40€269k€204k▼
Other amounts receivable41-€3k
Cash at bank and in hand54/58€314k€337k▲
Deferred charges and accrued income490/1€683€514▼
Equity and liabilities
Total equity and liabilities10/49€589k€554k▼
Equity10/15€268k€414k▲
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€261k€408k▲
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€260k€406k▲
Amounts payable17/49€322k€140k▼
Amounts payable after more than one year17€50k-
Financial debts170/4€50k-
Amounts payable within one year42/48€267k€140k▼
Trade debts44€135k€26k▼
Suppliers440/4€135k€26k▼
Taxes, remuneration and social security45€132k€114k▼
Taxes450/3€132k€114k▼
Other amounts payable47/48€450-
Accrued charges and deferred income492/3€5k-
Income statement
Code20232024
Remuneration, social security and pensions62€2k€29k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€592€1k▲
Other operating charges640/8€4k€12k▲
Gross operating margin9900€246k€242k▼
Operating profit (loss)9901€239k€200k▼
Financial income75/76B€0€27▲
Recurring financial income75€0€27▲
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€237k€196k▼
Income taxes67/77€60k€49k▼
Profit (loss) for the period9904€177k€147k▼
Profit (loss) for the period to be appropriated9905€177k€147k▼
Appropriation of the result
Profit (loss) to be appropriated9906€177k€147k▼
Transfer to equity691/2€177k€147k▼
To other reserves6921€177k€147k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
06-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 190 days late
2023
31-12
Financial
Highest result since 2018net €177k ▲4980%
Operating result €239k, net result €177k, both a record.
31-12
Financial
Equity above €200kEq €268k ▲196%
4 profitable years in a row build equity to €268k.
24-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 116 days late
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 339 days late
2021
14-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 75 days late
2020
31-12
Financial
Back to profitnet €40k
Net result €40k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 2.12
Current ratio from 0.99 to 2.12; short-term debt falls from €204k to €124k.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zedelgem · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Torhoutsesteenweg 1098210 ZedelgemGround area
6,090 m²
Building footprint
1,543 m²
Volume, LiDAR
9,421 m³
2 parcels, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Polydur Products
since 20102.189.160.831
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31017E0202/00G000 | Flanders | 3,746 m² | 1 · 748 m² | 8.5 m · 2 fl. |
| 31036D0561/00E000 | Flanders | 2,344 m² | 1 · 795 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
INDUSTRIAL BOX PRODUCTS
BE 0465.693.634
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DISTRILIN
BE 0415.182.665
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GIUMATIS
BE 0666.987.242
Malle · Eq €408k
VERPAKKINGEN BEELEN
BE 0869.728.130
Geetbets · Eq €402k
V.S.T. Paper and Board
BE 0461.535.601
Dilbeek · Eq €401k
Of 432 companies in sector 46869 we hold annual accounts for 244. 174 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-04-2010
Fiscal year end31-12
Activities, NACEBEL
46869Wholesale trade
43333Wallpapering and laying of floor and wall coverings in other materials
43350Other building finishing work
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.