POLYTAPE
ActiveSummary
POLYTAPE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €145,630 and a net result of €5,037. Equity is shrinking by ~5% per year across the filed fiscal years. Its solvency ranks better than 42% of 11502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▲+5
Solvency56▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 1.66 against 1.33 in 2024; short-term debt: 37.1% and cash: 3.5% of total assets), but 68.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
31.2%
Return on assets
1.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
42 d early
2023
30 d early
2022
4 d early
2021
5 d early
2020
43 d early
2019
49 d early
← 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 27 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€145,630▲ 3.6%
2024 · €140,593
Total assets
€466,798▼ 0.9%
2024 · €470,993
Net result
€5,037▲ 255%
2024 · €1,419
Working capital
€114,790▲ 66.0%
2024 · €69,148
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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€32,064▲ 76.2%€9,824▼ 69.4%€30,823▲ 214%€24,592▼ 20.2%€27,718▲ 12.7%
Net result€16,321within the sector's middle half▲ 232%€403within the sector's middle half▼ 97.5%€7,145within the sector's middle half▲ 1,672%€1,419within the sector's middle half▼ 80.1%€5,037within the sector's middle half▲ 255%
Equity€181,626above the sector's middle half▼ 16.0%€182,029above the sector's middle half▲ 0.2%€189,174above the sector's middle half▲ 3.9%€140,593within the sector's middle half▼ 25.7%€145,630within the sector's middle half▲ 3.6%
Total assets€452,069above the sector's middle half▼ 16.3%€435,982above the sector's middle half▼ 3.6%€463,120above the sector's middle half▲ 6.2%€470,993above the sector's middle half▲ 1.7%€466,798above the sector's middle half▼ 0.9%
Debt€270,443▼ 16.5%€253,953▼ 6.1%€273,946▲ 7.9%€330,399▲ 20.6%€321,167▼ 2.8%
Working capital€119,297above the sector's middle half▼ 19.1%€127,441above the sector's middle half▲ 6.8%€118,486above the sector's middle half▼ 7.0%€69,148within the sector's middle half▼ 41.6%€114,790within the sector's middle half▲ 66.0%
Solvency40.2%within the sector's middle half▲ 0.1pp41.8%within the sector's middle half▲ 1.6pp40.8%within the sector's middle half▼ 0.9pp29.9%within the sector's middle half▼ 11.0pp31.2%within the sector's middle half▲ 1.3pp
Current ratio1.89within the sector's middle half▲ 0.022.07within the sector's middle half▲ 0.191.71within the sector's middle half▼ 0.371.33within the sector's middle half▼ 0.381.66within the sector's middle half▲ 0.33
Return on assets (ROA)3.6%within the sector's middle half▲ 2.7pp0.1%within the sector's middle half▼ 3.5pp1.5%within the sector's middle half▲ 1.5pp0.3%within the sector's middle half▼ 1.2pp1.1%within the sector's middle half▲ 0.8pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 13% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €466,798
Fixed assets
€178,989 ▼ 6.7%
Current assets
€287,809 ▲ 3.1%
Equity and liabilities €466,798
Equity
€145,630 ▲ 3.6%
Debt
€321,167 ▼ 2.8%
Debt's share of the balance-sheet total falls from 70.1% to 68.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€53,308▲
2024 · €42,476
Cash flow
€30,627▲
2024 · €19,304
Quick ratio
0.92▲
2024 · 0.73
Debt to equity
2.21▼
2024 · 2.35
ROE
3.5%▲
2024 · 1.0%
Interest coverage
2.06▲
2024 · 1.49
Debt ≤ 1 year
€173,019▼
2024 · €210,035
Debt > 1 year
€148,149▲
2024 · €120,364
Income taxes
€2,393▲
2024 · €408
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
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 0.5% 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 497,662 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% | 1.7% |
| 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 75% 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 14,733 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €500 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,540 | €11,120 | €20,353 | €17,884 | €25,590 | ▲ 43.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €3,191 | - |
| Other operating charges640/8 | €2,323 | €2,392 | €3,235 | €3,112 | €3,019 | ▼ 3.0% |
| Non-recurring operating charges66A | - | - | - | €2,574 | €0 | ▼ 100% |
| Gross operating margin9900 | €58,926 | €23,336 | €54,410 | €48,162 | €59,518 | ▲ 23.6% |
| Operating profit (loss)9901 | €32,064 | €9,824 | €30,823 | €24,592 | €27,718 | ▲ 12.7% |
| Financial income75/76B | €4,685 | €9,452 | €7,182 | €5,686 | €5,619 | ▼ 1.2% |
| Recurring financial income75 | €4,685 | €9,452 | €7,182 | €5,686 | €5,619 | ▼ 1.2% |
| Financial charges65/66B | €13,320 | €17,635 | €27,432 | €28,450 | €25,907 | ▼ 8.9% |
| Recurring financial charges65 | €13,320 | €17,635 | €27,432 | €28,450 | €25,907 | ▼ 8.9% |
| Profit (loss) for the period before taxes9903 | €23,429 | €1,641 | €10,573 | €1,828 | €7,430 | ▲ 307% |
| Income taxes67/77 | €7,108 | €1,238 | €3,428 | €408 | €2,393 | ▲ 486% |
| Profit (loss) for the period9904 | €16,321 | €403 | €7,145 | €1,419 | €5,037 | ▲ 255% |
| Profit (loss) for the period to be appropriated9905 | €16,321 | €403 | €7,145 | €1,419 | €5,037 | ▲ 255% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €452,069 | €435,982 | €463,120 | €470,993 | €466,798 | ▼ 0.9% |
| Fixed assets21/28 | €198,452 | €189,882 | €177,421 | €191,809 | €178,989 | ▼ 6.7% |
| Tangible fixed assets22/27 | €198,202 | €189,632 | €177,171 | €191,809 | €178,989 | ▼ 6.7% |
| Land and buildings22 | €174,520 | €163,499 | €152,478 | €141,458 | €130,437 | ▼ 7.8% |
| Plant, machinery and equipment23 | €2,172 | €4,722 | €5,086 | €3,066 | €4,485 | ▲ 46.3% |
| Furniture and vehicles24 | €9,149 | €9,149 | €4,574 | €35,110 | €34,748 | ▼ 1.0% |
| Other tangible fixed assets26 | €12,362 | €12,262 | €15,032 | €12,176 | €9,319 | ▼ 23.5% |
| Financial fixed assets28 | €250 | €250 | €250 | €0 | - | - |
| Current assets29/58 | €253,618 | €246,101 | €285,699 | €279,183 | €287,809 | ▲ 3.1% |
| Stocks and contracts in progress3 | €148,229 | €148,229 | €127,398 | €125,507 | €127,993 | ▲ 2.0% |
| Stocks30/36 | €148,229 | €148,229 | €127,398 | €125,507 | €127,993 | ▲ 2.0% |
| Amounts receivable within one year40/41 | €71,968 | €53,562 | €93,424 | €81,362 | €143,163 | ▲ 76.0% |
| Trade receivables40 | €71,818 | €50,650 | €89,888 | €79,858 | €142,588 | ▲ 78.6% |
| Other amounts receivable41 | €150 | €2,912 | €3,536 | €1,504 | €575 | ▼ 61.8% |
| Cash at bank and in hand54/58 | €28,772 | €44,310 | €64,877 | €72,313 | €16,316 | ▼ 77.4% |
| Deferred charges and accrued income490/1 | €4,649 | - | - | - | €337 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €452,069 | €435,982 | €463,120 | €470,993 | €466,798 | ▼ 0.9% |
| Equity10/15 | €181,626 | €182,029 | €189,174 | €140,593 | €145,630 | ▲ 3.6% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €169,226 | €169,629 | €176,774 | €128,193 | €133,230 | ▲ 3.9% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €167,366 | €167,769 | €176,774 | €128,193 | €133,230 | ▲ 3.9% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €270,443 | €253,953 | €273,946 | €330,399 | €321,167 | ▼ 2.8% |
| Amounts payable after more than one year17 | €135,293 | €135,293 | €106,733 | €120,364 | €148,149 | ▲ 23.1% |
| Financial debts170/4 | €135,293 | €135,293 | €106,733 | €120,364 | €148,149 | ▲ 23.1% |
| Amounts payable within one year42/48 | €134,321 | €118,660 | €167,214 | €210,035 | €173,019 | ▼ 17.6% |
| Current portion of amounts payable after more than one year42 | €19,555 | €1,161 | €15,817 | €23,131 | €37,246 | ▲ 61.0% |
| Trade debts44 | €12,519 | €8,097 | €11,489 | €14,697 | €34,055 | ▲ 132% |
| Suppliers440/4 | €12,519 | €8,097 | €11,489 | €14,697 | €34,055 | ▲ 132% |
| Taxes, remuneration and social security45 | €18,900 | €19,177 | €31,157 | €25,636 | €23,086 | ▼ 9.9% |
| Taxes450/3 | €18,900 | €14,277 | €28,757 | €23,236 | €20,686 | ▼ 11.0% |
| Remuneration and social security454/9 | - | €4,900 | €2,400 | €2,400 | €2,400 | = |
| Other amounts payable47/48 | €83,348 | €90,224 | €108,750 | €146,570 | €78,632 | ▼ 46.4% |
| Accrued charges and deferred income492/3 | €829 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,321 | €403 | €7,145 | €1,419 | €5,037 | ▲ 255% |
| + Depreciation and write-downs630 | €24,540 | €11,120 | €20,353 | €17,884 | €25,590 | ▲ 43.1% |
| Operating cash flow (approximation) | €40,860 | €11,523 | €27,497 | €19,304 | €30,627 | ▲ 58.7% |
| Investment in fixed assets (approximation) | - | -€2,550 | -€7,892 | -€32,272 | -€12,770 | ▲ 60.4% |
| Change in cash | - | €15,538 | €20,567 | €7,436 | -€55,997 | ▼ 853% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €403 ▼97.5%
Net result drops to €403, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200,000Eq €211,426 ▲9.5%
2 profitable years in a row build equity to €211,426.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Nijlen · 1 establishment unit since 2004
Ground area
543 m²
Building footprint
145 m²
Volume, LiDAR
722 m³
Parcel 12026D0655/00Z000, Flanders · tallest building 9.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Polytape
since 20042.142.117.712
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12026D0655/00Z000 | Flanders | 543 m² | 1 · 145 m² | 9.0 m · 1 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 472 companies in sector 46442 we hold annual accounts for 336. 233 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
Founded30-09-2004
Fiscal year end31-12
Activities, NACEBEL 2025
46442Wholesale trade
47783Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0867553845
Registered
12-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.