POLYP
ActiveSummary
POLYP has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €486,432 and a net result of €99,937. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 89% of 2344 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▲+8
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 5.5 against 4.8 in 2024; short-term debt: 17.2% and cash: 14.3% of total assets), and 18.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
81.9%
Return on assets
16.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 d late
2024
31 d late
2023
30 d late
2022
32 d late
2021
30 d late
2020
30 d late
2019
153 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 48 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#5 oldest company in Jodoigne, Arts, sports and recreation sector#6 company by total assets in Jodoigne, Arts, sports and recreation sector
Equity
€486,432▲ 25.9%
2024 · €386,495
Total assets
€593,706▲ 22.8%
2024 · €483,416
Net result
€99,937▲ 88.8%
2024 · €52,940
Working capital
€459,758▲ 24.8%
2024 · €368,303
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€81,417€25,924▼ 68.2%€73,145▲ 182%€64,650▼ 11.6%€134,243▲ 108%
Net result€75,427above the sector's middle half€16,407within the sector's middle half▼ 78.2%€44,025above the sector's middle half▲ 168%€52,940above the sector's middle half▲ 20.2%€99,937above the sector's middle half▲ 88.8%
Equity€273,023above the sector's middle half▲ 38.2%€289,430above the sector's middle half▲ 6.0%€333,455above the sector's middle half▲ 15.2%€386,495above the sector's middle half▲ 15.9%€486,432above the sector's middle half▲ 25.9%
Total assets€358,187above the sector's middle half▲ 2.0%€425,965above the sector's middle half▲ 18.9%€418,552above the sector's middle half▼ 1.7%€483,416above the sector's middle half▲ 15.5%€593,706above the sector's middle half▲ 22.8%
Debt€85,164▼ 44.5%€136,534▲ 60.3%€85,096▼ 37.7%€96,921▲ 13.9%€107,274▲ 10.7%
Working capital€252,297▲ 36.2%€277,982▲ 10.2%€319,041▲ 14.8%€368,303▲ 15.4%€459,758▲ 24.8%
Solvency76.2%above the sector's middle half▲ 20.0pp67.9%above the sector's middle half▼ 8.3pp79.7%above the sector's middle half▲ 11.7pp80.0%above the sector's middle half▲ 0.3pp81.9%above the sector's middle half▲ 2.0pp
Staff (FTE)10.410.4=10.4=1▼ 90.4%
above
within
below
the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 108% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €593,706
Fixed assets
€31,809 ▲ 74.9%
Current assets
€561,898 ▲ 20.8%
Equity and liabilities €593,706
Equity
€486,432 ▲ 25.9%
Debt
€107,274 ▲ 10.7%
Debt's share of the balance-sheet total falls from 20.0% to 18.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€140,856▲
2024 · €70,297
Cash flow
€106,550▲
2024 · €58,587
Current ratio
5.50▲
2024 · 4.80
Debt to equity
0.22▼
2024 · 0.25
ROE
20.5%▲
2024 · 13.7%
ROA
16.8%▲
2024 · 11.0%
Interest coverage
66.16▼
2024 · 69.59
Debt ≤ 1 year
€102,140▲
2024 · €96,921
Debt > 1 year
€5,135
Income taxes
€32,177▲
2024 · €10,700
Staff costs
€37,422▲
2024 · €26,462
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 31,324 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €11,913 | €59,493 | €30,872 | €26,462 | €37,422 | ▲ 41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,525 | €10,925 | €5,505 | €5,648 | €6,613 | ▲ 17.1% |
| Other operating charges640/8 | €265 | €0 | €2,276 | €291 | €5,998 | ▲ 1,961% |
| Gross operating margin9900 | €105,121 | €96,343 | €111,797 | €97,050 | €184,276 | ▲ 89.9% |
| Operating profit (loss)9901 | €81,417 | €25,924 | €73,145 | €64,650 | €134,243 | ▲ 108% |
| Financial charges65/66B | €1,054 | €1,166 | €545 | €1,010 | €2,129 | ▲ 111% |
| Recurring financial charges65 | €1,054 | €1,166 | €545 | €1,010 | €2,129 | ▲ 111% |
| Profit (loss) for the period before taxes9903 | €80,363 | €24,758 | €72,600 | €63,640 | €132,113 | ▲ 108% |
| Income taxes67/77 | €4,935 | €8,351 | €28,575 | €10,700 | €32,177 | ▲ 201% |
| Profit (loss) for the period9904 | €75,427 | €16,407 | €44,025 | €52,940 | €99,937 | ▲ 88.8% |
| Profit (loss) for the period to be appropriated9905 | €75,427 | €16,407 | €44,025 | €52,940 | €99,937 | ▲ 88.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €358,187 | €425,965 | €418,552 | €483,416 | €593,706 | ▲ 22.8% |
| Formation expenses20 | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €21,183 | €11,534 | €14,414 | €18,192 | €31,809 | ▲ 74.9% |
| Tangible fixed assets22/27 | €19,918 | €11,534 | €14,414 | €18,192 | €31,809 | ▲ 74.9% |
| Land and buildings22 | €0 | €0 | €0 | €0 | €8,127 | - |
| Plant, machinery and equipment23 | €10,473 | €9,889 | €13,115 | €17,157 | €11,737 | ▼ 31.6% |
| Furniture and vehicles24 | €9,445 | €1,645 | €1,299 | €1,035 | €11,945 | ▲ 1,055% |
| Financial fixed assets28 | €1,264 | €0 | - | - | - | - |
| Current assets29/58 | €337,004 | €414,431 | €404,138 | €465,224 | €561,898 | ▲ 20.8% |
| Amounts receivable within one year40/41 | €269,762 | €305,816 | €347,545 | €418,772 | €477,081 | ▲ 13.9% |
| Trade receivables40 | €20,033 | €7,197 | €921 | €414 | - | - |
| Other amounts receivable41 | €249,728 | €298,619 | €346,624 | €418,358 | €477,081 | ▲ 14.0% |
| Cash at bank and in hand54/58 | €67,243 | €108,614 | €56,593 | €46,453 | €84,817 | ▲ 82.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €358,187 | €425,965 | €418,552 | €483,416 | €593,706 | ▲ 22.8% |
| Equity10/15 | €273,023 | €289,430 | €333,455 | €386,495 | €486,432 | ▲ 25.9% |
| Contributions10/11 | €31,000 | €31,000 | €31,000 | €31,000 | €31,000 | = |
| Reserves13 | €22,401 | €22,401 | €81,401 | €130,401 | €227,401 | ▲ 74.4% |
| Non-distributable reserves130/1 | €3,100 | €3,100 | €3,100 | €3,100 | €3,100 | = |
| Reserves not available under the articles1311 | €3,100 | €3,100 | €3,100 | €3,100 | €3,100 | = |
| Tax-exempt reserves132 | €19,301 | €19,301 | €4,301 | €4,301 | €4,301 | = |
| Distributable reserves133 | - | - | €74,000 | €123,000 | €220,000 | ▲ 78.9% |
| Profit (loss) carried forward14 | €219,622 | €236,029 | €221,054 | €225,094 | €228,031 | ▲ 1.3% |
| Amounts payable17/49 | €85,164 | €136,534 | €85,096 | €96,921 | €107,274 | ▲ 10.7% |
| Amounts payable after more than one year17 | - | €86 | - | - | €5,135 | - |
| Financial debts170/4 | - | - | - | - | €5,135 | - |
| Other amounts payable178/9 | - | €86 | - | - | - | - |
| Amounts payable within one year42/48 | €84,707 | €136,448 | €85,096 | €96,921 | €102,140 | ▲ 5.4% |
| Current portion of amounts payable after more than one year42 | €27,501 | €17,666 | - | - | €9,919 | - |
| Financial debts43 | €2,513 | - | - | - | - | - |
| Credit institutions430/8 | €2,513 | - | - | - | - | - |
| Trade debts44 | €20,501 | €76,568 | €12,828 | €23,728 | €9,286 | ▼ 60.9% |
| Suppliers440/4 | €20,501 | €76,568 | €12,828 | €23,728 | €9,286 | ▼ 60.9% |
| Taxes, remuneration and social security45 | €3,248 | €11,272 | €13,409 | €13,684 | €15,494 | ▲ 13.2% |
| Taxes450/3 | €324 | €466 | €9,303 | €9,757 | €12,414 | ▲ 27.2% |
| Remuneration and social security454/9 | €2,924 | €10,806 | €4,105 | €3,927 | €3,080 | ▼ 21.6% |
| Other amounts payable47/48 | €30,943 | €30,943 | €58,860 | €59,508 | €67,441 | ▲ 13.3% |
| Accrued charges and deferred income492/3 | €457 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €75,427 | €16,407 | €44,025 | €52,940 | €99,937 | ▲ 88.8% |
| + Depreciation and write-downs630 | €11,525 | €10,925 | €5,505 | €5,648 | €6,613 | ▲ 17.1% |
| Operating cash flow (approximation) | €86,952 | €27,333 | €49,530 | €58,587 | €106,550 | ▲ 81.9% |
| Investment in fixed assets (approximation) | - | -€1,277 | -€8,385 | -€9,425 | -€20,230 | ▼ 115% |
| Change in cash | - | €41,372 | -€52,022 | -€10,140 | €38,364 | ▲ 478% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Highest result since 2018net €99,937 ▲88.8%
Operating result €134,243, net result €99,937, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €75,427
Net result €75,427 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €273,023 ▲38.2%
Equity rises from €197,596 to €273,023.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet -€13,647
Net result drops to -€13,647, the lowest in the series; recovery starts the following year.
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 153 days late
2019
31-12
Financial
Equity above €200,000Eq €211,243 ▲20.3%
2 profitable years in a row build equity to €211,243.
Show earlier events
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Jodoigne · 1 establishment unit since 1988
Ground area
5,517 m²
Building footprint
116 m²
Volume, LiDAR
634 m³
Parcel 25049C0094/00L000, Wallonia · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Chap. Stevenaert(J.-S.) 151, 1370 Jodoigne
since 19882.036.080.577
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25049C0094/00L000 | Wallonia | 5,517 m² | 1 · 116 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- Pailhe-Dotremont
- POLYP
Highest known parent: Pailhe-Dotremont. The sources do not say who stands above it.
Owners 1
- Pailhe-Dotremontparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteJodoigne2.036.080.577
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Of 1,033 companies in sector 93291 we hold annual accounts for 161. 112 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded01-05-1987
Fiscal year end31-12
Activities, NACEBEL 2025
93291Operation of fairground attractions
E-invoicing
Reachable via Peppol
Peppol ID
0208:0431491632
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.