Polytek
ActiveSummary
Polytek has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €390,091 and a net result of €5,169. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 26% of 2309 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▼-6
Solvency39▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity short (current ratio 0.78 against 0.84 in 2024; short-term debt: 68.4% and cash: 16.7% of total assets), and 85.5% 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer 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
14.5%
Return on assets
0.2%
Age of the figures
9 mo
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
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
36 d early
2023
35 d early
2022
120 d late
2021
29 d late
2020
23 d late
2019
152 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 36 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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. Usually files around 27 July (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 fastest grower in Flemish Brabant, Office administrative support sector#3 company by total assets in Tienen, Administrative and support services sector#9 company by equity in Tienen, Administrative and support services sector
Equity
€390,091▲ 1.3%
2024 · €384,923
Total assets
€2.7m▲ 4.8%
2024 · €2.6m
Net result
€5,169▼ 86.5%
2024 · €38,345
Working capital
-€401,567▼ 50.2%
2024 · -€267,303
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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€49,509€42,767▼ 13.6%€365,883▲ 756%€134,570▼ 63.2%€134,230▼ 0.3%
Net result€27,445within the sector's middle half-€13,474below the sector's middle half€190,772above the sector's middle half€38,345within the sector's middle half▼ 79.9%€5,169within the sector's middle half▼ 86.5%
Equity€169,280within the sector's middle half▲ 19.3%€155,806within the sector's middle half▼ 8.0%€346,578within the sector's middle half▲ 122%€384,923within the sector's middle half▲ 11.1%€390,091within the sector's middle half▲ 1.3%
Total assets€829,293within the sector's middle half▲ 27.1%€1.8mwithin the sector's middle half▲ 115%€2.5mwithin the sector's middle half▲ 38.8%€2.6mwithin the sector's middle half▲ 3.9%€2.7mabove the sector's middle half▲ 4.8%
Debt€660,013▲ 29.2%€1.6m▲ 147%€2.1m▲ 30.8%€2.2m▲ 2.7%€2.3m▲ 5.4%
Working capital€134,124within the sector's middle half▼ 23.9%-€327,970below the sector's middle half-€301,809below the sector's middle half▲ 8.0%-€267,303below the sector's middle half▲ 11.4%-€401,567below the sector's middle half▼ 50.2%
Solvency20.4%within the sector's middle half▼ 1.3pp8.7%below the sector's middle half▼ 11.7pp14.0%below the sector's middle half▲ 5.3pp15.0%below the sector's middle half▲ 1.0pp14.5%within the sector's middle half▼ 0.5pp
Current ratio1.23within the sector's middle half▼ 0.250.71within the sector's middle half▼ 0.520.80within the sector's middle half▲ 0.090.84within the sector's middle half▲ 0.040.78within the sector's middle half▼ 0.06
Return on assets (ROA)3.3%within the sector's middle half▲ 18.3pp-0.8%below the sector's middle half▼ 4.1pp7.7%within the sector's middle half▲ 8.5pp1.5%within the sector's middle half▼ 6.2pp0.2%within the sector's middle half▼ 1.3pp
Staff (FTE)13.6above the sector's middle half▲ 23.6%22.1above the sector's middle half▲ 62.5%32.4above the sector's middle half▲ 46.6%35.2above the sector's middle half▲ 8.6%37.5above the sector's middle half▲ 6.5%
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 0% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.7m
Fixed assets
€1.3m ▲ 4.8%
Current assets
€1.4m ▲ 4.8%
Equity and liabilities €2.7m
Equity
€390,091 ▲ 1.3%
Debt
€2.3m ▲ 5.4%
Debt's share of the balance-sheet total rises from 85.0% to 85.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€411,675▼
2024 · €435,208
Cash flow
€282,613▼
2024 · €338,983
Debt to equity
5.91▲
2024 · 5.68
ROE
1.3%▼
2024 · 10.0%
Interest coverage
4.77▼
2024 · 5.37
Debt ≤ 1 year
€1.8m▲
2024 · €1.6m
Debt > 1 year
€461,417▼
2024 · €543,009
Income taxes
€49,921▲
2024 · €31,052
Staff costs
€3.2m▲
2024 · €2.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.3% 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 4,105 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 | €813,812 | €1.5m | €2.7m | €2.9m | €3.2m | ▲ 10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,903 | €139,176 | €248,278 | €300,638 | €277,445 | ▼ 7.7% |
| Other operating charges640/8 | €4,018 | €8,360 | €28,906 | €32,470 | €36,748 | ▲ 13.2% |
| Gross operating margin9900 | €914,241 | €1.7m | €3.3m | €3.4m | €3.7m | ▲ 8.4% |
| Operating profit (loss)9901 | €49,509 | €42,767 | €365,883 | €134,570 | €134,230 | ▼ 0.3% |
| Financial income75/76B | €2,000 | €2 | €13,020 | €15,895 | €7,145 | ▼ 55.0% |
| Recurring financial income75 | €2,000 | €2 | €13,020 | €15,895 | €7,145 | ▼ 55.0% |
| Financial charges65/66B | €9,008 | €25,456 | €80,012 | €81,068 | €86,286 | ▲ 6.4% |
| Recurring financial charges65 | €9,008 | €25,456 | €80,012 | €81,068 | €86,286 | ▲ 6.4% |
| Profit (loss) for the period before taxes9903 | €42,501 | €17,313 | €298,891 | €69,397 | €55,090 | ▼ 20.6% |
| Income taxes67/77 | €15,056 | €30,787 | €108,119 | €31,052 | €49,921 | ▲ 60.8% |
| Profit (loss) for the period9904 | €27,445 | -€13,474 | €190,772 | €38,345 | €5,169 | ▼ 86.5% |
| Profit (loss) for the period to be appropriated9905 | €27,445 | -€13,474 | €190,772 | €38,345 | €5,169 | ▼ 86.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €829,293 | €1.8m | €2.5m | €2.6m | €2.7m | ▲ 4.8% |
| Fixed assets21/28 | €118,525 | €987,113 | €1.3m | €1.2m | €1.3m | ▲ 4.8% |
| Intangible fixed assets21 | €40,927 | €40,171 | €79,182 | €35,765 | €9,343 | ▼ 73.9% |
| Tangible fixed assets22/27 | €77,598 | €946,942 | €1.2m | €1.1m | €1.1m | ▲ 1.1% |
| Plant, machinery and equipment23 | €737 | €3,400 | €2,600 | €1,800 | €1,000 | ▼ 44.4% |
| Furniture and vehicles24 | €76,861 | €125,224 | €143,449 | €105,134 | €85,702 | ▼ 18.5% |
| Leasing and similar rights25 | - | €628,317 | €836,802 | €804,226 | €814,252 | ▲ 1.2% |
| Other tangible fixed assets26 | - | €190,000 | €180,000 | €199,566 | €222,482 | ▲ 11.5% |
| Financial fixed assets28 | - | - | €16,485 | €48,744 | €120,297 | ▲ 147% |
| Current assets29/58 | €710,768 | €796,902 | €1.2m | €1.4m | €1.4m | ▲ 4.8% |
| Amounts receivable within one year40/41 | €577,570 | €644,444 | €807,008 | €1.1m | €815,445 | ▼ 24.0% |
| Trade receivables40 | €577,570 | €642,764 | €622,215 | €671,339 | €739,233 | ▲ 10.1% |
| Other amounts receivable41 | - | €1,681 | €184,793 | €401,186 | €76,212 | ▼ 81.0% |
| Cash at bank and in hand54/58 | €113,876 | €126,792 | €347,984 | €95,739 | €449,921 | ▲ 370% |
| Deferred charges and accrued income490/1 | €19,321 | €25,666 | €63,374 | €209,508 | €178,296 | ▼ 14.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €829,293 | €1.8m | €2.5m | €2.6m | €2.7m | ▲ 4.8% |
| Equity10/15 | €169,280 | €155,806 | €346,578 | €384,923 | €390,091 | ▲ 1.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €150,680 | €137,206 | €327,978 | €366,323 | €371,491 | ▲ 1.4% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | €0 | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | €0 | - |
| Distributable reserves133 | €148,820 | €135,346 | €326,118 | €366,323 | €371,491 | ▲ 1.4% |
| Amounts payable17/49 | €660,013 | €1.6m | €2.1m | €2.2m | €2.3m | ▲ 5.4% |
| Amounts payable after more than one year17 | €83,369 | €503,337 | €610,132 | €543,009 | €461,417 | ▼ 15.0% |
| Financial debts170/4 | €83,369 | €503,337 | €610,132 | €543,009 | €461,417 | ▼ 15.0% |
| Amounts payable within one year42/48 | €576,644 | €1.1m | €1.5m | €1.6m | €1.8m | ▲ 12.2% |
| Current portion of amounts payable after more than one year42 | €54,297 | €159,197 | €240,432 | €306,627 | €322,381 | ▲ 5.1% |
| Financial debts43 | - | €213,101 | €220,000 | €295,758 | €116,019 | ▼ 60.8% |
| Credit institutions430/8 | - | €213,101 | €220,000 | €295,758 | €116,019 | ▼ 60.8% |
| Trade debts44 | €156,750 | €226,673 | €344,330 | €367,309 | €448,678 | ▲ 22.2% |
| Suppliers440/4 | €156,750 | €226,673 | €344,330 | €367,309 | €448,678 | ▲ 22.2% |
| Taxes, remuneration and social security45 | €220,123 | €507,673 | €715,413 | €675,382 | €919,143 | ▲ 36.1% |
| Taxes450/3 | €82,723 | €196,503 | €192,633 | €182,456 | €237,502 | ▲ 30.2% |
| Remuneration and social security454/9 | €137,400 | €311,170 | €522,780 | €492,926 | €681,641 | ▲ 38.3% |
| Other amounts payable47/48 | €145,474 | €18,228 | - | - | €39,008 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,445 | -€13,474 | €190,772 | €38,345 | €5,169 | ▼ 86.5% |
| + Depreciation and write-downs630 | €46,903 | €139,176 | €248,278 | €300,638 | €277,445 | ▼ 7.7% |
| Operating cash flow (approximation) | €74,348 | €125,702 | €439,049 | €338,983 | €282,613 | ▼ 16.6% |
| Investment in fixed assets (approximation) | - | -€1.0m | -€519,683 | -€237,354 | -€335,285 | ▼ 41.3% |
| Change in cash | - | €12,916 | €221,192 | -€252,245 | €354,181 | ▲ 240% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €190,772
Net result €190,772 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €346,578 ▲122%
Equity rises from €155,806 to €346,578.
28-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 120 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Back to profitnet €27,445
Net result €27,445 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €169,280 ▲19.3%
Equity rises from €141,835 to €169,280.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2020
31-12
Financial
Weakest financial yearnet -€97,802
Net result drops to -€97,802, the lowest in the series; recovery starts the following year.
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 152 days late
Show earlier events
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Tienen · 4 establishment units since 2011
Ground area
9.2 ha
Building footprint
4,680 m²
Volume, LiDAR
24,695 m³
4 parcels, Flanders, Wallonia · tallest building 14.9 m, ±3 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
4 establishment units
Polytek
since 20112.200.076.497
Polytek
since 20212.320.527.535
Polytek
since 20212.324.210.367
Polytek
since 20232.346.306.868
4 parcels
Flanders
3
(75%)
Wallonia
1
(25%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11056H0505/00F000 | Flanders | 7.7 ha | 1 · 1,032 m² | 14.9 m · 3 fl. |
| 62312A0453/00W002 | Wallonia | 7,839 m² | 1 · 828 m² | - |
| 71004B0418/00H000 | Flanders | 3,738 m² | 1 · 1,087 m² | 7.3 m · 2 fl. |
| 24594C0087/00V002 | Flanders | 3,014 m² | 1 · 1,733 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels 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 owner · 2 holdingsChain of control
Highest known parent: KESTENS INVEST. The sources do not say who stands above it.
Owners 1
- VytimparentSourceaccounts Vytim 202551%
Holdings 2
-
100%
-
100%
According to the 2025 annual accounts of Polytek and those 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 9,462 EUR awarded · 9,462 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,245 EUR | 1,245 EUR |
| 2024 | 1 | 1,363 EUR | 1,363 EUR |
| 2022 | 2 | 6,854 EUR | 6,854 EUR |
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Of 11,218 companies in sector 82100 we hold annual accounts for 3,516. 2,131 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
Founded09-06-2011
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
82100Office administrative and support services
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0836937180
Also
9925:BE0836937180
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.