POLYMATH
Annual accounts 2025
abbreviated format, filed on 19-06-2026, 42 days before the deadlineTurnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €170,000. Estimated: probably between €120,000 and €290,000.
Balance sheet
balance sheet total €164,165 on 31-12-2025in euro
in euro
Position in the sector
39.3%
Higher than 47% of 3,549 companies in 2025.
1.57
Higher than 46% of 3,454 companies in 2025.
28.0%
Higher than 86% of 3,491 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
164,165 | 134,721 | 95,811 | 56,292 | 32,169 | 21,796 | 23,401 | |
21/28 |
8,031 | 9,635 | 12,810 | 8,437 | 11,130 | 9,501 | 9,487 | |
22/27 |
8,031 | 9,635 | 12,810 | 8,437 | 11,130 | 9,501 | 9,487 | |
23 |
1,728 | - | - | - | - | - | - | |
24 |
6,303 | 9,635 | 12,810 | 8,437 | 11,130 | 9,501 | 9,487 | |
29/58 |
156,134 | 125,086 | 83,002 | 47,855 | 21,039 | 12,295 | 13,914 | |
40/41 |
22,439 | 10,443 | 19,650 | 31,517 | 11,469 | 0 | 8,904 | |
40 |
14,621 | 0 | 13,795 | 27,208 | 8,904 | 0 | 8,904 | |
41 |
7,818 | 10,443 | 5,856 | 4,309 | 2,566 | - | - | |
54/58 |
133,011 | 113,651 | 62,758 | 15,411 | 8,513 | 11,366 | 3,903 | |
490/1 |
684 | 993 | 594 | 927 | 1,056 | 929 | 1,108 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
164,165 | 134,721 | 95,811 | 56,292 | 32,169 | 21,796 | 23,401 | |
10/15 |
64,564 | 124,558 | 89,350 | 46,806 | 20,306 | 13,839 | 13,373 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | |
13 |
45,900 | 105,900 | 69,900 | 27,400 | 900 | 900 | 900 | |
130/1 |
- | - | 0 | 900 | 900 | 900 | - | |
130 |
- | - | - | - | - | - | 900 | |
1311 |
- | - | 0 | 900 | 900 | 900 | - | |
133 |
45,900 | 105,900 | 69,900 | 26,500 | - | - | - | |
14 |
64 | 58 | 850 | 806 | 806 | 539 | 73 | |
17/49 |
99,601 | 10,164 | 6,461 | 9,485 | 11,863 | 7,957 | 10,027 | |
42/48 |
99,601 | 10,164 | 6,461 | 9,485 | 11,127 | 7,249 | 1,197 | |
44 |
3,301 | 1,158 | 83 | 1,682 | 1,251 | 64 | 999 | |
440/4 |
3,301 | 1,158 | 83 | 1,682 | 1,251 | 64 | 999 | |
45 |
9,484 | 9,005 | 6,379 | 7,803 | 9,877 | 7,001 | 198 | |
450/3 |
7,146 | 6,680 | 6,379 | 7,803 | 9,877 | 7,001 | 198 | |
454/9 |
2,338 | 2,325 | - | - | - | - | - | |
47/48 |
86,816 | - | - | - | 0 | 184 | - | |
492/3 |
- | - | - | 0 | 736 | 708 | 8,830 | |
| Income statement | ||||||||
9900 |
64,145 | 53,840 | 60,611 | 37,665 | 5,973 | 6,253 | 5,984 | |
630 |
5,636 | 7,236 | 6,077 | 2,524 | 3,785 | 2,443 | 4,508 | |
640/8 |
993 | 961 | 384 | 348 | 398 | 50 | - | |
9901 |
57,516 | 45,642 | 54,149 | 34,794 | 1,791 | 3,759 | 1,475 | |
75/76B |
167 | 146 | 0 | 0 | 0 | 0 | 5 | |
75 |
167 | 146 | 0 | 0 | 0 | 0 | 5 | |
65/66B |
95 | 89 | 97 | 274 | 317 | 379 | 507 | |
65 |
95 | 89 | 97 | 274 | 317 | 379 | 507 | |
9903 |
57,588 | 45,700 | 54,052 | 34,520 | 1,474 | 3,380 | 973 | |
67/77 |
11,682 | 10,492 | 11,509 | 8,020 | 1,207 | 2,915 | - | |
9904 |
45,906 | 35,207 | 42,544 | 26,500 | 267 | 465 | 973 | |
9905 |
45,906 | 35,207 | 42,544 | 26,500 | 267 | 465 | 973 | |
| Appropriation of the result | ||||||||
9906 |
45,964 | 36,058 | 43,350 | 27,306 | 806 | 539 | 973 | |
14P |
58 | 850 | 806 | 806 | 539 | - | - | |
791/2 |
105,900 | - | - | - | - | - | - | |
691/2 |
45,900 | 36,000 | 42,500 | 26,500 | - | 0 | 900 | |
6920 |
45,900 | - | - | - | - | 0 | 900 | |
6921 |
0 | 36,000 | 42,500 | 26,500 | - | - | - | |
694/7 |
105,900 | - | - | - | - | - | - | |
694 |
105,900 | - | - | - | - | - | - | |
| Document | ||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 19-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 19-06-2026 | 2026-00184717 | |
| 31-12-2024 | abbreviated format | 27-08-2025 | 2025-00427366 | |
| 31-12-2023 | abbreviated format | 31-07-2024 | 2024-00321548 | |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00415609 | |
| 31-12-2021 | abbreviated format | 29-07-2022 | 2022-20256716 | |
| 31-12-2020 | abbreviated format | 30-06-2021 | 2021-27600545 | |
| 31-12-2019 | abbreviated format | 30-06-2020 | 2020-23800043 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 63,152 | 52,878 | 60,226 | 37,318 | 5,576 | 6,203 | 5,984 | ||
| 51,542 | 42,444 | 48,620 | 29,024 | 4,052 | 2,909 | 5,482 | ||
| 4,032 | 4,061 | 10,449 | 809 | 5,415 | 2,458 | 13,995 | ||
| 19,360 | 50,893 | 47,346 | 6,898 | -2,853 | 7,463 | - | ||
| 56,533 | 114,923 | 76,541 | 38,370 | 9,911 | 5,046 | 12,717 | ||
| 39.3% | 92.5% | 93.3% | 83.1% | 63.1% | 63.5% | 57.1% | ||
| 1.57 | 12.31 | 12.85 | 5.05 | 1.89 | 1.70 | 11.62 | ||
| 1.54 | 0.08 | 0.07 | 0.20 | 0.58 | 0.57 | 0.75 | ||
| 71.1% | 28.3% | 47.6% | 56.6% | 1.3% | 3.4% | 7.3% | ||
| 28.0% | 26.1% | 44.4% | 47.1% | 0.8% | 2.1% | 4.2% | ||
| over 100 | over 100 | over 100 | over 100 | 17.59 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,032 | €4,061 | €10,449 | €809 | €5,415 |
| €5,636 | €7,236 | €6,077 | €2,524 | €3,785 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on POLYMATH
The operating result for 2025 is 26% higher than in 2024 and the highest since 2019. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 7.5% to 60.7%. Equity is lower and debt is higher.