Financials
- Fiscal year
- 2025
- Total assets
- €2.8m
- Loss
- -€9,845
- Solvency
- 12.6%
POLYMAT S.A.V.
Judicial reorganisationSummary
The file of POLYMAT S.A.V. contains 1 judicial reorganisation, as published in the Belgian State Gazette. The KBO register records for POLYMAT S.A.V. the legal situation: special situation; this is today's state according to the register itself, which carries no start date. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show equity of €347,519 and a net result of -€9,845. Equity is shrinking by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 32% of 4528 sector peers (fiscal year 2025).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Liège
- Opened
- 13 August 2026
- Track
- Reorganisation by collective agreement
- Docket number
- 20260063
- Moratorium until
- 13 December 2026
- Delegated judge
- Eric Reuter
- Official Gazette
- 18-08-2026 (pdf) ↗search the document for 2026/134839
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the moratorium runs until 13 December 2026, unless the court extends or ends it earlier. The date of the vote on the plan is in the judgment and in RegSol.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Full-service restaurants
NACE 56111Manufacture of machinery and equipment not elsewhere classified NACE 28250NACE 29230
1 site
Size
€2.8mtotal assets 2025
- Staff
- 9.3 FTE
- Equity
- €347,519
- Loss
- -€9,845
Financial health
24
Critical
Checked score 2025Reorganisation running: about 1 in 4 bankrupt within the year
Structure
- Parent
- BALTIM · 100%
Accounts filed 31 d late0 of 7 deeds read
Why 24- In judicial reorganisationFiled after the deadlineShow the evidence
Checked score
Score 2025
24
/ 100
Critical
Without a bankruptcy probability: score from the figures alone
An ongoing judicial reorganisation from the Belgian State Gazette caps the score at 24. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
38+1
equity 12.6% of total assets
Liquidity
9-1
short-term debt 78.1% · cash 0.9%
Profitability
36-1
return on assets -0.4%
Bankruptcy probability, 12 months
Judicial reorganisation
About 1 in 4 comparable companies went bankrupt within the year
A judicial reorganisation is open: we then compute no probability from the figures. Measured over every Belgian company in an open or failed reorganisation: 25% to 26% bankrupt within twelve months (2024 and 2025).
No credit on open account during an ongoing judicial reorganisation
Liquidity short (current ratio 0.7 against 0.72 in 2024; short-term debt: 78.1% and cash: 0.9% of total assets), and 87.4% of the assets are financed with debt.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
47 d early
2023
124 d early
2022
66 d late
2021
185 d late
2020
31 d late
2019
61 d late
← 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 29 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 31 August (5 of the last 5 filed years within 154 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- OpeningTribunal de l’entreprise de Liège…
- Annual accounts filedfiscal year 2024 · full…
Key points
By topic
Board & ownership
- Parent
- BALTIM · 100%
- Known shareholders
- 100%
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 31-07-2027
- 31-08-2026Annual accounts filed
- 18-08-2026Opening
- 14-06-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Full-service restaurantsNACE 56111
- Founded
- 31-03-1988
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
What should you check before you do business with this company?Supplier due diligence What held for this company on a given day: board, seat, name?Company as of a date Are there other customers at risk in your own list?Process a list How is the Full-service restaurants sector doing?Sector figures
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