POLYRENOBAT
ActiveSummary
The computed 12-month bankruptcy probability of POLYRENOBAT is 2.1% (moderate). The 2025 annual accounts show equity of €24,725 and a net result of €40. Equity is growing by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 80% of 2220 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+4
Solvency93▲+10
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 2.93 against 2.07 in 2024; short-term debt: 31.7% and cash: 19.7% of total assets), and 31.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
68.3%
Return on assets
0.1%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 d early
2024
3 d early
2023
20 d early
2022
1 d late
2021
34 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 12 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 28 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€138,187▼ 33.7%
2023 · €208,357
EBIT margin
2.6%▼ 1.2pp
2023 · 3.8%
Net result
€40▼ 98.2%
2024 · €2,173
Working capital
€22,115▲ 17.9%
2024 · €18,761
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Turnover€37,195-€158,979▲ 327%€208,357▲ 31.1%€138,187▼ 33.7%
Operating result€1,383-€19,564▲ 1,314%€7,913▼ 59.6%€3,625▼ 54.2%€468▼ 87.1%
Net result€515within the sector's middle half-€15,469within the sector's middle half▲ 2,901%€6,028within the sector's middle half▼ 61.0%€2,173within the sector's middle half▼ 64.0%€40within the sector's middle half▼ 98.2%
EBIT margin3.7%-12.3%▲ 8.6pp3.8%▼ 8.5pp2.6%▼ 1.2pp
Equity€1,015below the sector's middle half-€16,484below the sector's middle half▲ 1,523%€22,512below the sector's middle half▲ 36.6%€24,685below the sector's middle half▲ 9.7%€24,725below the sector's middle half▲ 0.2%
Total assets€36,898below the sector's middle half-€54,027below the sector's middle half▲ 46.4%€60,656below the sector's middle half▲ 12.3%€42,275below the sector's middle half▼ 30.3%€36,196below the sector's middle half▼ 14.4%
Debt€35,882-€37,542▲ 4.6%€38,144▲ 1.6%€17,590▼ 53.9%€11,471▼ 34.8%
Working capital-€18,276below the sector's middle half-€1,082below the sector's middle half€11,849below the sector's middle half▲ 995%€18,761within the sector's middle half▲ 58.3%€22,115within the sector's middle half▲ 17.9%
Solvency2.8%below the sector's middle half-30.5%within the sector's middle half▲ 27.8pp37.1%within the sector's middle half▲ 6.6pp58.4%within the sector's middle half▲ 21.3pp68.3%above the sector's middle half▲ 9.9pp
Current ratio0.48below the sector's middle half-1.03below the sector's middle half▲ 0.551.31within the sector's middle half▲ 0.282.07within the sector's middle half▲ 0.762.93above the sector's middle half▲ 0.86
Return on assets (ROA)1.4%within the sector's middle half-28.6%above the sector's middle half▲ 27.2pp9.9%within the sector's middle half▼ 18.7pp5.1%within the sector's middle half▼ 4.8pp0.1%within the sector's middle half▼ 5.0pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Turnover +327% on 2021. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 87% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36,196
Fixed assets
€2,610 ▼ 55.9%
Current assets
€33,585 ▼ 7.6%
Equity and liabilities €36,196
Equity
€24,725 ▲ 0.2%
Debt
€11,471 ▼ 34.8%
Debt's share of the balance-sheet total falls from 41.6% to 31.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5,261▼
2024 · €8,364
Cash flow
€4,833▼
2024 · €6,912
Debt to equity
0.46▼
2024 · 0.71
ROE
0.2%▼
2024 · 8.8%
Interest coverage
39.92▼
2024 · 63.53
Debt ≤ 1 year
€11,471▼
2024 · €17,590
Income taxes
€296▼
2024 · €1,320
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,048 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.2%
went bankrupt
3.8%
stopped otherwise
94%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 5,048 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €37,195 | €158,979 | €208,357 | €138,187 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €134,016 | €194,872 | €128,702 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,554 | €4,739 | €4,739 | €4,739 | €4,793 | ▲ 1.1% |
| Other operating charges640/8 | - | €660 | €833 | €1,121 | €404 | ▼ 63.9% |
| Gross operating margin9900 | €4,945 | €24,963 | €13,486 | €9,485 | €5,665 | ▼ 40.3% |
| Operating profit (loss)9901 | €1,383 | €19,564 | €7,913 | €3,625 | €468 | ▼ 87.1% |
| Financial charges65/66B | - | €96 | €188 | €132 | €132 | ▲ 0.1% |
| Recurring financial charges65 | €725 | €96 | €188 | €132 | €132 | ▲ 0.1% |
| Profit (loss) for the period before taxes9903 | €658 | €19,468 | €7,726 | €3,493 | €336 | ▼ 90.4% |
| Income taxes67/77 | €143 | €3,999 | €1,698 | €1,320 | €296 | ▼ 77.6% |
| Profit (loss) for the period9904 | €515 | €15,469 | €6,028 | €2,173 | €40 | ▼ 98.2% |
| Profit (loss) for the period to be appropriated9905 | €515 | €15,469 | €6,028 | €2,173 | €40 | ▼ 98.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €36,898 | €54,027 | €60,656 | €42,275 | €36,196 | ▼ 14.4% |
| Fixed assets21/28 | €20,141 | €15,402 | €10,663 | €5,924 | €2,610 | ▼ 55.9% |
| Tangible fixed assets22/27 | €20,141 | €15,402 | €10,663 | €5,924 | €2,610 | ▼ 55.9% |
| Plant, machinery and equipment23 | - | - | - | - | €1,426 | - |
| Furniture and vehicles24 | - | €15,402 | €10,663 | €5,924 | €1,185 | ▼ 80.0% |
| Current assets29/58 | €16,757 | €38,624 | €49,993 | €36,351 | €33,585 | ▼ 7.6% |
| Amounts receivable within one year40/41 | €14,128 | €1,800 | €34,823 | €32,209 | €26,446 | ▼ 17.9% |
| Trade receivables40 | - | €835 | €33,651 | €31,788 | €25,372 | ▼ 20.2% |
| Other amounts receivable41 | - | €966 | €1,172 | €420 | €1,075 | ▲ 156% |
| Cash at bank and in hand54/58 | €2,629 | €36,824 | €15,170 | €4,142 | €7,139 | ▲ 72.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €36,898 | €54,027 | €60,656 | €42,275 | €36,196 | ▼ 14.4% |
| Equity10/15 | €1,015 | €16,484 | €22,512 | €24,685 | €24,725 | ▲ 0.2% |
| Contributions10/11 | - | €500 | €500 | €500 | €500 | = |
| Profit (loss) carried forward14 | €515 | €15,984 | €22,012 | €24,185 | €24,225 | ▲ 0.2% |
| Amounts payable17/49 | €35,882 | €37,542 | €38,144 | €17,590 | €11,471 | ▼ 34.8% |
| Amounts payable within one year42/48 | €35,032 | €37,542 | €38,144 | €17,590 | €11,471 | ▼ 34.8% |
| Trade debts44 | €28,055 | €33,401 | €32,453 | €11,682 | €6,732 | ▼ 42.4% |
| Suppliers440/4 | - | €29,544 | €15,262 | €11,682 | €6,732 | ▼ 42.4% |
| Bills of exchange payable441 | - | €3,857 | €17,190 | - | - | - |
| Taxes, remuneration and social security45 | - | €4,141 | €5,691 | €5,908 | €4,418 | ▼ 25.2% |
| Taxes450/3 | - | €4,141 | €5,691 | €1,320 | €207 | ▼ 84.3% |
| Remuneration and social security454/9 | - | - | - | €4,588 | €4,211 | ▼ 8.2% |
| Other amounts payable47/48 | - | - | - | - | €320 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €515 | €15,469 | €6,028 | €2,173 | €40 | ▼ 98.2% |
| + Depreciation and write-downs630 | €3,554 | €4,739 | €4,739 | €4,739 | €4,793 | ▲ 1.1% |
| Operating cash flow (approximation) | €4,070 | €20,208 | €10,767 | €6,912 | €4,833 | ▼ 30.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€1,480 | - |
| Change in cash | - | €34,196 | -€21,654 | -€11,027 | €2,997 | ▲ 127% |
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
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet €40 ▼98.2%
Net result drops to €40, the lowest in the series.
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
01-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 1 day late
31-03
Financial
Highest result since 2021net €15,469 ▲2,901%
Operating result €19,564, net result €15,469, both a record.
31-03
Financial
Liquidity doublescurrent ratio 1.03
Current ratio from 0.48 to 1.03.
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Vilvoorde · 1 establishment unit since 2020
Ground area
108 m²
Building footprint
77 m²
Volume, LiDAR
434 m³
Parcel 23643E0035/00T003, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
POLYRENOBAT
since 20202.306.105.516
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23643E0035/00T003 | Flanders | 108 m² | 1 · 77 m² | 10.3 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.
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Of 29,786 companies in sector 41001 we hold annual accounts for 16,058. 12,069 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
Founded13-07-2020
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0750594611
Also
9925:BE0750594611
Registered
08-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.