POLYLAK
ActivePOLYLAK has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1.00M) and a net result of €-406k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 142 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
30
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-26
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.12 against 0.23 in 2024; short-term debt: 123.5% and cash: 2.6% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-46.9%
Return on assets
-18.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-1.00M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
31 d late
2023
29 d late
2022
31 d late
2021
30 d late
2020
27 d late
2019
89 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-406k▼ 222%
2024 · €-126k
2018: €-120k
2019: €-480k
2020: €-270k
2021: €-207k
2022: €-394k
2023: €-500k
2024: €-126k
2018 → 2025
Working capital
€-2.32M▼ 21.7%
2024 · €-1.91M
2018: €-417k
2019: €-498k
2020: €-542k
2021: €-944k
2022: €-1.38M
2023: €-1.86M
2024: €-1.91M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-678k-€-1.07M▼ 58.2%€-472k▲ 56.0%€-598k▼ 26.7%€-1.00M▼ 67.8%
Operating result€-80k-€-265k▼ 234%€-366k▼ 37.8%€-15k▲ 95.9%€-318k▼ 2,031%
Net result€-207k-€-394k▼ 90.2%€-500k▼ 26.7%€-126k▲ 74.8%€-406k▼ 222%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €318k in 2025 against €15k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.14M
Fixed assets
€1.82M▲ 7.7%
Current assets
€320k▼ 44.9%
Key figures and ratios
EBITDA
€-82k▼
2024 · €201k
Cash flow
€-170k▼
2024 · €90k
Solvency
-46.9%▼
2024 · -26.3%
Current ratio
0.12▼
2024 · 0.23
Quick ratio
0.05▼
2024 · 0.15
Debt / equity
-3.13▲
2024 · -4.80
ROA
-18.9%▼
2024 · -5.5%
Interest coverage
-0.86▼
2024 · 1.75
Debt
€3.15M▲
2024 · €2.87M
Debt ≤ 1 year
€2.64M▲
2024 · €2.49M
Debt > 1 year
€300k▼
2024 · €365k
Income taxes
€297▼
2024 · €480
Staff costs
€799k▼
2024 · €876k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.27M€2.14M▼
Fixed assets21/28€1.69M€1.82M▲
Intangible fixed assets21€601k€553k▼
Tangible fixed assets22/27€1.09M€1.27M▲
Plant, machinery and equipment23€409k€471k▲
Furniture and vehicles24€3k€13k▲
Leasing and similar rights25€379k€514k▲
Other tangible fixed assets26€300k€271k▼
Current assets29/58€581k€320k▼
Stocks and contracts in progress3€216k€188k▼
Stocks30/36€216k€188k▼
Amounts receivable within one year40/41€315k€69k▼
Trade receivables40€179k€56k▼
Other amounts receivable41€136k€13k▼
Cash at bank and in hand54/58€35k€55k▲
Deferred charges and accrued income490/1€15k€8k▼
Equity and liabilities
Total equity and liabilities10/49€2.27M€2.14M▼
Equity10/15€-598k€-1.00M▼
Contributions10/11€1.18M€1.18M=
Capital10€1.18M€1.18M=
Issued capital100€1.18M€1.18M=
Reserves13€8k€8k=
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Profit (loss) carried forward14€-1.79M€-2.19M▼
Amounts payable17/49€2.87M€3.15M▲
Amounts payable after more than one year17€365k€300k▼
Financial debts170/4€365k€300k▼
Amounts payable within one year42/48€2.49M€2.64M▲
Current portion of amounts payable after more than one year42€135k€211k▲
Financial debts43€500k€500k=
Credit institutions430/8€500k€500k=
Trade debts44€877k€890k▲
Suppliers440/4€877k€890k▲
Taxes, remuneration and social security45€95k€105k▲
Taxes450/3€22k€30k▲
Remuneration and social security454/9€73k€75k▲
Other amounts payable47/48€882k€938k▲
Accrued charges and deferred income492/3€15k€202k▲
Income statement
Code20242025
Non-recurring operating income76A€125k€7k▼
Remuneration, social security and pensions62€876k€799k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€216k€236k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1k
Other operating charges640/8€49k€121k▲
Non-recurring operating charges66A-€51k
Gross operating margin9900€1.13M€891k▼
Operating profit (loss)9901€-15k€-318k▼
Financial income75/76B€4k€8k▲
Recurring financial income75€4k€8k▲
Financial charges65/66B€115k€96k▼
Recurring financial charges65€115k€96k▼
Profit (loss) for the period before taxes9903€-126k€-406k▼
Income taxes67/77€480€297▼
Profit (loss) for the period9904€-126k€-406k▼
Profit (loss) for the period to be appropriated9905€-126k€-406k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.79M€-2.19M▼
Profit (loss) brought forward from the previous period14P€-1.66M€-1.79M▼
Social balance
Average headcount (FTE)9087-16.1
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-500k
Net result drops to €-500k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 89 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Kalmthout · 1 establishment unit since 1991
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.
Galgenheiken(C) 12920 KalmthoutGround area
1.0 ha
Building footprint
5,444 m²
Volume, LiDAR
14 m³
Parcel 11662E0517/00X000, Flanders · tallest building 0.2 m. Linked by address, not a title deed.
1 establishment unit
POLYLAK NV
since 19912.052.849.897
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11662E0517/00X000 | Flanders | 1.0 ha | 1 · 5,444 m² | 0.1 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 13 entries · 52,601 EUR awarded · 52,272 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 13,672 EUR | 13,280 EUR |
| 2024 | 3 | 8,977 EUR | 8,913 EUR |
| 2023 | 4 | 19,206 EUR | 19,333 EUR |
| 2022 | 3 | 10,746 EUR | 10,746 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Individueel Maatwerk
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Premie kwalificerend werkplekleren
Show 2 more
Vlaams opleidingsverlof (VOV)
Stagebonus (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
6 live approvals · 1 endedBestuurder interne transportmiddelen duaal (so)
Logistiek assistent magazijn (vwo)
Logistiek assistent magazijn duaal (so)
Logistiek duaal (so)
Magazijnmedewerker (vwo)
Magazijnmedewerker duaal (so)
Similar companies · same sector, comparable size
Of 38 companies in sector 16120 we hold annual accounts for 3. 1 is within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-04-1991
Fiscal year end31-12
Activities, NACEBEL
16120Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
31004Manufacture of dining room, living room, bedroom and bathroom furniture
36141
16110Sawmilling and planing of wood
16210Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.