POLYPRINT
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00488873.
Annual accounts 2025 filed on 28-08-2026 at the NBB all 48 filings
Turnover
≈ €26,000
Estimated: probably between €12,000 and €61,000
Total assets
€136,477▲ 4.2%
2024 · €131,006
Net result
€2,029▼ 89.2%
2024 · €18,766
Working capital
€91,598▲ 2.3%
2024 · €89,569
In the rankings
#8 oldest company in the province of Liège, Printing sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€2,459
▼ 87.8%
2025
20182025
Net result
€2,029
▼ 89.2%
2025
middle half of the sector
20182025
Equity
€91,722
▲ 2.3%
2025
middle half of the sector
20182025
Total assets
€136,477
▲ 4.2%
2025
middle half of the sector
20182025
Debt
€44,755
▲ 8.3%
2025
20182025
Working capital
€91,598
▲ 2.3%
2025
middle half of the sector
20182025
Solvency
67.2%
▼ 1.3pp
2025
middle half of the sector
20182025
Current ratio
3.05
▼ 0.12
2025
middle half of the sector
20182025
Return on assets (ROA)
1.5%
▼ 12.8pp
2025
middle half of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€5,424-€275€10,673▲ 39×€3,598▼ 66.3%€7,999▲ 122%€11,689▲ 46.1%€20,196▲ 72.8%€2,459▼ 87.8%
Net result-€5,458-€361€9,631within the sector's middle half▲ 27×€2,348within the sector's middle half▼ 75.6%€5,693within the sector's middle half▲ 142%€10,389within the sector's middle half▲ 82.5%€18,766within the sector's middle half▲ 80.6%€2,029within the sector's middle half▼ 89.2%
Equity€42,505-€42,866▲ 0.8%€52,497within the sector's middle half▲ 22.5%€54,845within the sector's middle half▲ 4.5%€60,537within the sector's middle half▲ 10.4%€70,927within the sector's middle half▲ 17.2%€89,693within the sector's middle half▲ 26.5%€91,722within the sector's middle half▲ 2.3%
Total assets€158,328-€131,915▼ 16.7%€133,823within the sector's middle half▲ 1.4%€126,635within the sector's middle half▼ 5.4%€132,334within the sector's middle half▲ 4.5%€132,837within the sector's middle half▲ 0.4%€131,006within the sector's middle half▼ 1.4%€136,477within the sector's middle half▲ 4.2%
Debt€115,824-€89,049▼ 23.1%€81,327▼ 8.7%€71,790▼ 11.7%€71,796=€61,910▼ 13.8%€41,313▼ 33.3%€44,755▲ 8.3%
Working capital€42,500-€40,361▼ 5.0%€52,492within the sector's middle half▲ 30.1%€54,721within the sector's middle half▲ 4.2%€60,414within the sector's middle half▲ 10.4%€70,803within the sector's middle half▲ 17.2%€89,569within the sector's middle half▲ 26.5%€91,598within the sector's middle half▲ 2.3%
Solvency26.8%-32.5%▲ 5.6pp39.2%within the sector's middle half▲ 6.7pp43.3%within the sector's middle half▲ 4.1pp45.7%within the sector's middle half▲ 2.4pp53.4%within the sector's middle half▲ 7.6pp68.5%within the sector's middle half▲ 15.1pp67.2%within the sector's middle half▼ 1.3pp
Current ratio1.37-1.45▲ 0.091.65within the sector's middle half▲ 0.191.76within the sector's middle half▲ 0.121.84within the sector's middle half▲ 0.082.14within the sector's middle half▲ 0.303.17within the sector's middle half▲ 1.023.05within the sector's middle half▼ 0.12
Return on assets (ROA)-3.4%-0.3%▲ 3.7pp7.2%within the sector's middle half▲ 6.9pp1.9%within the sector's middle half▼ 5.3pp4.3%within the sector's middle half▲ 2.4pp7.8%within the sector's middle half▲ 3.5pp14.3%within the sector's middle half▲ 6.5pp1.5%within the sector's middle half▼ 12.8pp
Staff (FTE)1-1=0.2below the sector's middle half▼ 80.0%
above
within
below
The sector band is the middle half of the companies in Printing and reproduction of recorded media (NACE 18). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 88% lower than in 2024 and the lowest since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €136,477
Fixed assets
€124 =
Current assets
€136,353 ▲ 4.2%
Equity and liabilities €136,477
Equity
€91,722 ▲ 2.3%
Debt
€44,755 ▲ 8.3%
Debt's share of the balance-sheet total rises from 31.5% to 32.8%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.49▲
2024 · 0.46
ROE
2.2%▼
2024 · 20.9%
Debt ≤ 1 year
€44,755▲
2024 · €41,313
Income taxes
€676▼
2024 · €1,455
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €14,400 | - | - |
| Other operating charges640/8 | - | - | - | €568 | €574 | €1,330 | €1,008 | €882 | ▼ 12.5% |
| Gross operating margin9900 | €34,934 | €39,392 | €22,082 | €4,165 | €8,573 | €13,020 | €21,204 | €3,341 | ▼ 84.2% |
| Operating profit (loss)9901 | -€5,424 | €275 | €10,673 | €3,598 | €7,999 | €11,689 | €20,196 | €2,459 | ▼ 87.8% |
| Financial income75/76B | - | - | - | €290 | €409 | €534 | €224 | €495 | ▲ 121% |
| Recurring financial income75 | €371 | €524 | €298 | €290 | €409 | €534 | €224 | €495 | ▲ 121% |
| Financial charges65/66B | - | - | - | €685 | €624 | €371 | €198 | €249 | ▲ 25.5% |
| Recurring financial charges65 | €404 | €438 | €228 | €685 | €624 | €371 | €198 | €249 | ▲ 25.5% |
| Profit (loss) for the period before taxes9903 | -€5,458 | €361 | €10,743 | €3,203 | €7,784 | €11,852 | €20,222 | €2,705 | ▼ 86.6% |
| Income taxes67/77 | - | - | €1,113 | €855 | €2,091 | €1,463 | €1,455 | €676 | ▼ 53.5% |
| Profit (loss) for the period9904 | -€5,458 | €361 | €9,631 | €2,348 | €5,693 | €10,389 | €18,766 | €2,029 | ▼ 89.2% |
| Profit (loss) for the period to be appropriated9905 | -€5,458 | €361 | €9,631 | €2,348 | €5,693 | €10,389 | €18,766 | €2,029 | ▼ 89.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €158,328 | €131,915 | €133,823 | €126,635 | €132,334 | €132,837 | €131,006 | €136,477 | ▲ 4.2% |
| Fixed assets21/28 | €124 | €2,624 | €124 | €124 | €124 | €124 | €124 | €124 | = |
| Tangible fixed assets22/27 | - | €2,500 | - | - | - | - | - | - | - |
| Financial fixed assets28 | €124 | €124 | €124 | €124 | €124 | €124 | €124 | €124 | = |
| Current assets29/58 | €158,204 | €129,291 | €133,699 | €126,511 | €132,210 | €132,713 | €130,882 | €136,353 | ▲ 4.2% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | - | €92,753 | - |
| Trade receivables290 | - | - | - | - | - | - | - | €88,965 | - |
| Other amounts receivable291 | - | - | - | - | - | - | - | €3,788 | - |
| Stocks and contracts in progress3 | €4,500 | €4,500 | €4,500 | €4,000 | €4,000 | - | - | - | - |
| Stocks30/36 | - | - | - | €4,000 | €4,000 | - | - | - | - |
| Amounts receivable within one year40/41 | €99,063 | €90,684 | €90,291 | €90,921 | €92,134 | €96,937 | €97,232 | - | - |
| Trade receivables40 | - | - | - | €90,921 | €91,484 | €94,961 | €92,901 | - | - |
| Other amounts receivable41 | - | - | - | - | €650 | €1,976 | €4,331 | - | - |
| Cash at bank and in hand54/58 | €54,641 | €34,107 | €38,908 | €31,589 | €36,076 | €35,776 | €33,650 | €43,600 | ▲ 29.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €158,328 | €131,915 | €133,823 | €126,635 | €132,334 | €132,837 | €131,006 | €136,477 | ▲ 4.2% |
| Equity10/15 | €42,505 | €42,866 | €52,497 | €54,845 | €60,537 | €70,927 | €89,693 | €91,722 | ▲ 2.3% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €20,451 | €20,451 | €20,451 | = |
| Reserves13 | €7,791 | €7,791 | €7,791 | €7,791 | €7,791 | €5,932 | €5,932 | €5,932 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €5,932 | €5,932 | €5,932 | €5,932 | €5,932 | = |
| Profit (loss) carried forward14 | €16,121 | €16,482 | €26,113 | €28,461 | €34,154 | €44,543 | €63,310 | €65,338 | ▲ 3.2% |
| Amounts payable17/49 | €115,824 | €89,049 | €81,327 | €71,790 | €71,796 | €61,910 | €41,313 | €44,755 | ▲ 8.3% |
| Amounts payable within one year42/48 | €115,705 | €88,930 | €81,208 | €71,790 | €71,796 | €61,910 | €41,313 | €44,755 | ▲ 8.3% |
| Trade debts44 | €104,375 | €77,054 | €77,355 | €69,009 | €68,146 | €61,141 | €41,313 | €35,886 | ▼ 13.1% |
| Suppliers440/4 | - | - | - | €69,009 | €68,146 | €61,141 | €41,313 | €35,886 | ▼ 13.1% |
| Taxes, remuneration and social security45 | - | - | - | €2,012 | €2,881 | - | - | - | - |
| Taxes450/3 | - | - | - | €2,012 | €2,881 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €769 | €769 | €769 | - | €8,869 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,458 | €361 | €9,631 | €2,348 | €5,693 | €10,389 | €18,766 | €2,029 | ▼ 89.2% |
| Operating cash flow (approximation) | -€5,458 | €361 | €9,631 | €2,348 | €5,693 | €10,389 | €18,766 | €2,029 | ▼ 89.2% |
| Investment in fixed assets (approximation) | - | -€2,500 | €2,500 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€20,534 | €4,801 | -€7,318 | €4,486 | -€300 | -€2,126 | €9,950 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as POLYPRINT has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of POLYPRINT itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for POLYPRINT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 48 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00488873 | |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00422401 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00394924 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00369078 | |
| 31-12-2021 | micro format | 24-08-2022 | 2022-20310259 | |
| 31-12-2020 | micro format | 27-08-2021 | 2021-54300255 | |
| 31-12-2019 | micro format | 24-08-2020 | 2020-43300448 | |
| 31-12-2018 | micro format | 26-08-2019 | 2019-49900357 | |
| 31-12-2017 | micro format | 24-08-2018 | 2018-48800526 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-48000345 |