POLYFLOORS
Open bankruptcyA bankruptcy procedure is open for POLYFLOORS according to publications in the Belgian State Gazette; curator: ANNELIES HELLEMANS.
No longer registered with the KBO; last annual accounts for fiscal year 2023.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-03-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-03-2024 close31-10-2024 deadline21-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2023 was due by 31-10-2023 and was filed on 21-04-2023, 193 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
193 d early
2022
94 d late
2021
8 d late
2020
45 d late
2019
76 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, abbreviated schema
Turnover
€1.33M▲ 30.7%
2022 · €1.02M
2022: €1.02M
2022 → 2023
EBIT margin
7.1%▲ 8.3pp
2022 · -1.2%
2022: -1.2%
2022 → 2023
Net result
€75k
2022 · €-17k
2019: €5k
2020: €67k
2021: €30k
2022: €-17k
2019 → 2023
Working capital
€129k▲ 9.1%
2022 · €118k
2019: €7k
2020: €68k
2021: €97k
2022: €118k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€1.02M€1.33M▲ 30.7%
Equity€9k-€76k▲ 720%€106k▲ 40.0%€102k▼ 4.4%€177k▲ 74.1%
Operating result€5k-€87k▲ 1,824%€41k▼ 52.6%€-13k€94k
Net result€5k-€67k▲ 1,117%€30k▼ 54.4%€-17k€75k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €94k after a loss of €13k in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €212k
Fixed assets
€48k▲ 502%
Current assets
€164k▼ 63.7%
Equity and liabilities €212k
Equity
€177k▲ 74.1%
Debt
€35k▼ 90.2%
The debt ratio falls from 77.8% to 16.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€106k▲
2022 · €-11k
Cash flow
€87k▲
2022 · €-16k
Solvency
83.5%▲
2022 · 22.2%
Current ratio
4.69▲
2022 · 1.36
Quick ratio
2.78▲
2022 · 1.36
Debt / equity
0.20▼
2022 · 3.51
ROE
42.6%▲
2022 · -16.9%
ROA
35.5%▲
2022 · -3.7%
Interest coverage
930.69▲
2022 · -4.62
Debt
€35k▼
2022 · €357k
Debt ≤ 1 year
€35k▼
2022 · €332k
Income taxes
€19k▲
2022 · €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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€458k€212k▼
Fixed assets21/28€8k€48k▲
Tangible fixed assets22/27€2k€42k▲
Plant, machinery and equipment23€1k-
Furniture and vehicles24€592€42k▲
Financial fixed assets28€6k€6k=
Current assets29/58€450k€164k▼
Amounts receivable after more than one year29€14k€14k=
Trade receivables290-€14k
Other amounts receivable291€14k-
Stocks and contracts in progress3-€67k
Stocks30/36-€67k
Amounts receivable within one year40/41€415k€42k▼
Trade receivables40€194k€40k▼
Other amounts receivable41€220k€2k▼
Cash at bank and in hand54/58€22k€42k▲
Equity and liabilities
Total equity and liabilities10/49€458k€212k▼
Equity10/15€102k€177k▲
Contributions10/11€19k€19k=
Reserves13€13k€13k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€11k-
Distributable reserves133-€11k
Profit (loss) carried forward14€70k€145k▲
Amounts payable17/49€357k€35k▼
Amounts payable within one year42/48€332k€35k▼
Current portion of amounts payable after more than one year42€15k-
Financial debts43€7k-
Credit institutions430/8€7k-
Trade debts44€51k€35k▼
Suppliers440/4€51k€35k▼
Taxes, remuneration and social security45€105k-
Taxes450/3€105k-
Remuneration and social security454/9€639-
Other amounts payable47/48€155k-
Accrued charges and deferred income492/3€24k-
Income statement
Code20222023
Turnover70€1.02M€1.33M▲
Goods, raw materials, services and sundry goods60/61€1.03M€1.23M▲
Remuneration, social security and pensions62€92-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€12k▲
Other operating charges640/8€348€348▲
Non-recurring operating charges66A€6k€1k▼
Gross operating margin9900€-5k€107k▲
Operating profit (loss)9901€-13k€94k▲
Financial income75/76B€26-
Recurring financial income75€26-
Financial charges65/66B€2k€114▼
Recurring financial charges65€2k€114▼
Profit (loss) for the period before taxes9903€-15k€94k▲
Income taxes67/77€2k€19k▲
Profit (loss) for the period9904€-17k€75k▲
Profit (loss) for the period to be appropriated9905€-17k€75k▲
Appropriation of the result
Profit (loss) to be appropriated9906€70k€145k▲
Profit (loss) brought forward from the previous period14P€87k€70k▼
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
2023
11-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · POLYFLOORS BV KESSELSE- STEENWEG 6, 2500 LIER · event 05-07-2023
21-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Back to profitnet €75k
Net result €75k after one loss-making year.
31-03
Financial
Liquidity triplescurrent ratio 4.69
Current ratio from 1.36 to 4.69; short-term debt falls from €332k to €35k.
31-03
Financial
Equity above €150kEq €177k ▲74.1%
Equity rises from €102k to €177k.
02-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 94 days late
2022
31-03
Financial
Weakest financial yearnet €-17k ▼156%
Net result drops to €-17k, the lowest in the series.
2021
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
31-03
Financial
Equity above €100kEq €106k ▲40%
3 profitable years in a row build equity to €106k.
2020
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 45 days late
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 76 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 211 days late
23-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 539 days late
2015
20-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
19-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 80 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANNELIES HELLEMANS NEETWEG 24, 2220 HEIST-OP-
DEN-BERG |
05-07-2023 → present |