POLYGO
ActiveSummary
POLYGO has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63,297 and a net result of €11,987. Equity is growing by about 46% per year across the filed financial years. Its solvency ranks better than 44% of 11,734 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €63,297
- Profit
- €11,987
Why 94lowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Liquidity: current ratio 1.30, cash €23,860Figures for financial year 2025 (filed 05-06-2026)Equity €63,297 (47.3% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 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 71, micro): better than 45% on solvency, 42% on liquidity, 48% on profitability and 70% on growth.
The bankruptcy probability was computed on 28-10-2026 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 4 accounts on average 33 days before the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Highest result from 2022 to 2025net €23,361 ▲26.7%
Financials · financial year 2025, micro format
2022 to 2025, 4 financial years
The operating result falls in 2025; 2025 is 48% below 2024.
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 71, Architectural and engineering activities; technical testing and analysis: 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 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 39,278 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20 | €12,613 | €24,995 | €33,270 | ▲ 33.1% |
| Other operating charges640/8 | €50 | €275 | €98 | €501 | ▲ 413% |
| Non-recurring operating charges66A | - | - | €435 | - | - |
| Gross operating margin9900 | €9,403 | €36,140 | €58,516 | €50,793 | ▼ 13.2% |
| Operating profit (loss)9901 | €9,333 | €23,252 | €32,988 | €17,023 | ▼ 48.4% |
| Financial charges65/66B | €16 | €755 | €1,819 | €1,509 | ▼ 17.1% |
| Recurring financial charges65 | €16 | €755 | €1,819 | €1,509 | ▼ 17.1% |
| Profit (loss) for the period before taxes9903 | €9,318 | €22,497 | €31,169 | €15,514 | ▼ 50.2% |
| Income taxes67/77 | €1,800 | €4,065 | €7,808 | €3,527 | ▼ 54.8% |
| Profit (loss) for the period9904 | €7,517 | €18,432 | €23,361 | €11,987 | ▼ 48.7% |
| Profit (loss) for the period to be appropriated9905 | €7,517 | €18,432 | €23,361 | €11,987 | ▼ 48.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €14,386 | €99,904 | €143,400 | €133,847 | ▼ 6.7% |
| Fixed assets21/28 | €2,012 | €78,391 | €90,248 | €71,881 | ▼ 20.4% |
| Intangible fixed assets21 | - | €6,589 | €5,015 | €3,441 | ▼ 31.4% |
| Tangible fixed assets22/27 | €2,012 | €71,802 | €85,233 | €68,440 | ▼ 19.7% |
| Plant, machinery and equipment23 | - | €43,974 | €68,242 | €60,100 | ▼ 11.9% |
| Furniture and vehicles24 | €2,012 | €27,828 | €16,991 | €8,340 | ▼ 50.9% |
| Current assets29/58 | €12,373 | €21,513 | €53,152 | €61,965 | ▲ 16.6% |
| Amounts receivable within one year40/41 | €5,990 | €17,455 | €28,606 | €32,817 | ▲ 14.7% |
| Trade receivables40 | €5,990 | €14,520 | €28,606 | €29,844 | ▲ 4.3% |
| Other amounts receivable41 | - | €2,935 | - | €2,973 | - |
| Cash at bank and in hand54/58 | €6,384 | €3,810 | €15,003 | €23,860 | ▲ 59.0% |
| Deferred charges and accrued income490/1 | - | €248 | €9,543 | €5,289 | ▼ 44.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €14,386 | €99,904 | €143,400 | €133,847 | ▼ 6.7% |
| Equity10/15 | €9,517 | €27,949 | €51,310 | €63,297 | ▲ 23.4% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €7,517 | €25,949 | €49,310 | €61,297 | ▲ 24.3% |
| Amounts payable17/49 | €4,868 | €71,955 | €92,090 | €70,550 | ▼ 23.4% |
| Amounts payable after more than one year17 | - | €11,141 | €34,473 | €23,039 | ▼ 33.2% |
| Financial debts170/4 | - | €11,141 | €34,473 | €23,039 | ▼ 33.2% |
| Amounts payable within one year42/48 | €4,868 | €59,752 | €56,588 | €47,511 | ▼ 16.0% |
| Current portion of amounts payable after more than one year42 | - | €9,973 | €20,529 | €11,434 | ▼ 44.3% |
| Trade debts44 | €500 | €43,963 | €2,240 | €2,527 | ▲ 12.8% |
| Suppliers440/4 | €500 | €43,963 | €2,240 | €2,527 | ▲ 12.8% |
| Taxes, remuneration and social security45 | €3,618 | €5,816 | €6,460 | €5,501 | ▼ 14.8% |
| Taxes450/3 | €3,618 | €4,516 | €6,460 | €5,501 | ▼ 14.8% |
| Remuneration and social security454/9 | - | €1,300 | - | - | - |
| Other amounts payable47/48 | €750 | - | €27,359 | €28,048 | ▲ 2.5% |
| Accrued charges and deferred income492/3 | - | €1,062 | €1,029 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,517 | €18,432 | €23,361 | €11,987 | ▼ 48.7% |
| + Depreciation and write-downs630 | €20 | €12,613 | €24,995 | €33,270 | ▲ 33.1% |
| Operating cash flow (approximation) | €7,537 | €31,045 | €48,356 | €45,257 | ▼ 6.4% |
| Investment in fixed assets (approximation) | - | -€88,992 | -€36,851 | -€14,903 | ▲ 59.6% |
| Change in cash | - | -€2,574 | €11,193 | €8,857 | ▼ 20.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 04-06-2026 | 2026-00139541 |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00222227 |
| 31-12-2023 | micro format | 04-07-2024 | 2024-00209513 |
| 31-12-2022 | micro format | 14-07-2023 | 2023-00266404 |
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
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| PAILLET Michael |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
28-10
Gazette deed
IncorporationAppointment: PAILLET Michael (director) · Registered office clause · Board rule11 facts ▸
- Other provision, “conformément à la loi, prise d'effet décisions finales” (deed in French)
- Registered office clause, “1421 Braine-l'Alleud, rue les Culots”, 33 (deed in French)
- Board rule, 1
- Director appointment, PAILLET Michael (director (not named in the articles))
- Pre-incorporation commitments, “takeover, engagements obligations et activités entreprises au nom et pour compte de la société en formation” (deed in French)
- Incorporation, “POLYGO” (deed in French)
- Founder, PAILLET Michael
- Other provision, “déclaration de cohabitation légale, ne pas avoir fait de déclaration de cohabitation légale” (deed in French)
- Founding capital
- Shareholding, 200
- Capital
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 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 |
|---|---|---|---|---|
| 25078C0068/00P000 | Wallonia | 1,457 m² | - | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La réalisation de tous travaux de topographie et de mesurage sur chantiers ou sur terrains, de nivellement, d'établissement de coupes de…” (deed in French)
4 activities (deed in French)
- La réalisation de tous travaux de topographie et de mesurage sur chantiers ou sur terrains, de nivellement, d'établissement de coupes de niveaux, de calculs, de cubages, de relevés topographiques, d'impressions en 3 dimensions, de prises de photos et vidéos par drone, d'études de lotissement ou de voirie, de bornage, ainsi que toute autre mesurage de repérage en vue de l'implantation de bâtiment
- Tous travaux d'expertises immobilières de quelque genre que ce soit, la gestion et la gérance de patrimoine immobilier, la location, la représentation, le courtage notamment en assurances, la construction et la transformation de bâtiments, l'achat et la vente de biens immobiliers et d'une manière générale, toutes transactions et opérations immobilières ainsi que la mise en valeur de biens immobiliers bâtis ou non-bâtis ainsi que la gestion de patrimoines de valeurs mobilières ou immobilières et toutes transactions relatives à ces valeurs
- Toutes activités de représentation commerciale, ainsi que d’intermédiaire commercial, sous forme de mandataire, délégué, commissionnaire, ou autre
- L’entretien courant des immeubles
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- POLYGO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, organe d’administration” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Frais généraux indépendamment frais de représentation voyages et déplacements, assemblée générale” (deed in French)“Avec ou sans limitation de durée, 1” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives avec mentions requises par le Code des sociétés et des associations” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié à charge du cédant et moitié à charge du ou des acquéreurs,proportionnellement au nombre d’actions acquises, toutes cessions entre…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Tuesday of June at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale, formes prévues pour modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Si aucun autre liquidateur désigné, administrateurs en fonction désignés comme liquidateurs en vertu des statuts” (deed in French)