POLYTOOLS
ActiveSummary
POLYTOOLS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €735,533 and a net result of -€1,877. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 83% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+41
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 10.18 against 13.95 in 2024; short-term debt: 7.4% and cash: 67.2% of total assets), and 17.7% 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 · 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
82.3%
Return on assets
-0.2%
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
36 d early
2023
12 d early
2022
10 d early
2021
75 d late
2020
55 d late
2019
87 d late
← before the deadline
after the deadline →
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€735,533▼ 7.3%
2024 · €793,334
Total assets
€893,461▼ 0.5%
2024 · €897,939
Net result
-€1,877▲ 87.8%
2024 · -€15,425
Working capital
€604,527▼ 9.0%
2024 · €664,253
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€145,752▲ 26.4%€192,299▲ 31.9%€23,225▼ 87.9%€10,956▼ 52.8%-€13,049
Net result€117,333▲ 21.5%€103,904▼ 11.4%-€6,352-€15,425▼ 143%-€1,877▲ 87.8%
Equity€838,766▲ 6.4%€898,970▲ 7.2%€853,318▼ 5.1%€793,334▼ 7.0%€735,533▼ 7.3%
Total assets€943,382▲ 11.2%€977,696▲ 3.6%€982,160▲ 0.5%€897,939▼ 8.6%€893,461▼ 0.5%
Debt€104,616▲ 73.0%€78,726▼ 24.7%€128,841▲ 63.7%€104,605▼ 18.8%€157,927▲ 51.0%
Working capital€688,831▲ 7.5%€762,568▲ 10.7%€690,920▼ 9.4%€664,253▼ 3.9%€604,527▼ 9.0%
Staff (FTE)2.7▼ 12.9%2▼ 25.9%0.5▼ 75.0%
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 turns negative in 2025: a loss of €13,049 after €10,956 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €893,461
Fixed assets
€223,089 ▲ 22.3%
Current assets
€670,372 ▼ 6.3%
Equity and liabilities €893,461
Equity
€735,533 ▼ 7.3%
Debt
€157,927 ▲ 51.0%
Debt's share of the balance-sheet total rises from 11.6% to 17.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€36,706▼
2024 · €53,908
Cash flow
€47,877▲
2024 · €27,527
Current ratio
10.18▼
2024 · 13.95
Quick ratio
9.42▼
2024 · 12.89
Debt to equity
0.21▲
2024 · 0.13
ROE
-0.3%▲
2024 · -1.9%
ROA
-0.2%▲
2024 · -1.7%
Interest coverage
7.70▲
2024 · 1.26
Debt ≤ 1 year
€65,844▲
2024 · €51,307
Debt > 1 year
€92,083▲
2024 · €53,299
Income taxes
€242▼
2024 · €641
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €4,496 | €5,861 | €0 | - | - | - |
| Remuneration, social security and pensions62 | €79,185 | €70,356 | €22,298 | €1,479 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,424 | €32,935 | €36,452 | €42,952 | €49,754 | ▲ 15.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €37,952 | - | -€3,621 | €0 | - | - |
| Other operating charges640/8 | €4,401 | €9,202 | €8,880 | €9,367 | €2,735 | ▼ 70.8% |
| Non-recurring operating charges66A | - | - | €69,997 | €0 | €432 | - |
| Gross operating margin9900 | €297,714 | €304,792 | €157,231 | €64,754 | €39,873 | ▼ 38.4% |
| Operating profit (loss)9901 | €145,752 | €192,299 | €23,225 | €10,956 | -€13,049 | ▼ 219% |
| Financial income75/76B | €30,483 | €10 | €39,484 | €17,121 | €16,183 | ▼ 5.5% |
| Recurring financial income75 | €3 | €10 | €1,532 | €17,121 | €16,183 | ▼ 5.5% |
| Non-recurring financial income76B | €30,480 | - | €37,952 | €0 | - | - |
| Financial charges65/66B | €1,556 | €43,885 | €54,072 | €42,860 | €4,770 | ▼ 88.9% |
| Recurring financial charges65 | €1,556 | €43,885 | €54,072 | €42,860 | €4,770 | ▼ 88.9% |
| Profit (loss) for the period before taxes9903 | €174,679 | €148,425 | €8,637 | -€14,784 | -€1,635 | ▲ 88.9% |
| Income taxes67/77 | €57,346 | €44,521 | €14,988 | €641 | €242 | ▼ 62.2% |
| Profit (loss) for the period9904 | €117,333 | €103,904 | -€6,352 | -€15,425 | -€1,877 | ▲ 87.8% |
| Transfer from tax-exempt reserves789 | €18,750 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €136,083 | €103,904 | -€6,352 | -€15,425 | -€1,877 | ▲ 87.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €943,382 | €977,696 | €982,160 | €897,939 | €893,461 | ▼ 0.5% |
| Fixed assets21/28 | €186,525 | €155,741 | €242,405 | €182,379 | €223,089 | ▲ 22.3% |
| Tangible fixed assets22/27 | €185,931 | €155,147 | €237,161 | €177,229 | €217,939 | ▲ 23.0% |
| Plant, machinery and equipment23 | €1,780 | €2,059 | €10,715 | €7,612 | €5,148 | ▼ 32.4% |
| Furniture and vehicles24 | €73,871 | €49,758 | €144,972 | €97,926 | €152,613 | ▲ 55.8% |
| Other tangible fixed assets26 | €110,281 | €103,331 | €81,473 | €71,691 | €60,178 | ▼ 16.1% |
| Financial fixed assets28 | €594 | €594 | €5,244 | €5,150 | €5,150 | = |
| Current assets29/58 | €756,857 | €821,956 | €739,755 | €715,560 | €670,372 | ▼ 6.3% |
| Stocks and contracts in progress3 | €307,716 | €202,182 | €45,675 | €54,135 | €50,180 | ▼ 7.3% |
| Stocks30/36 | €307,716 | €202,182 | €45,675 | €54,135 | €50,180 | ▼ 7.3% |
| Amounts receivable within one year40/41 | €75,466 | €116,506 | €30,710 | €16,506 | €16,312 | ▼ 1.2% |
| Trade receivables40 | €19,848 | €60,348 | €13,143 | €11,031 | €11,239 | ▲ 1.9% |
| Other amounts receivable41 | €55,619 | €56,157 | €17,568 | €5,475 | €5,073 | ▼ 7.3% |
| Cash at bank and in hand54/58 | €370,461 | €496,819 | €660,805 | €642,599 | €600,373 | ▼ 6.6% |
| Deferred charges and accrued income490/1 | €3,214 | €6,450 | €2,565 | €2,320 | €3,507 | ▲ 51.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €943,382 | €977,696 | €982,160 | €897,939 | €893,461 | ▼ 0.5% |
| Equity10/15 | €838,766 | €898,970 | €853,318 | €793,334 | €735,533 | ▼ 7.3% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €832,569 | €892,773 | €847,121 | €787,136 | €729,336 | ▼ 7.3% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €0 | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €0 | - | - |
| Distributable reserves133 | €830,710 | €890,914 | €845,262 | €787,136 | €729,336 | ▼ 7.3% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €104,616 | €78,726 | €128,841 | €104,605 | €157,927 | ▲ 51.0% |
| Amounts payable after more than one year17 | €34,020 | €19,338 | €80,006 | €53,299 | €92,083 | ▲ 72.8% |
| Financial debts170/4 | €34,020 | €19,338 | €80,006 | €53,299 | €92,083 | ▲ 72.8% |
| Amounts payable within one year42/48 | €68,026 | €59,388 | €48,835 | €51,307 | €65,844 | ▲ 28.3% |
| Current portion of amounts payable after more than one year42 | €15,786 | €14,681 | €34,314 | €26,708 | €38,578 | ▲ 44.4% |
| Trade debts44 | €2,883 | €180 | €1,636 | €1,268 | €6,347 | ▲ 401% |
| Suppliers440/4 | €2,883 | €180 | €1,636 | €1,268 | €6,347 | ▲ 401% |
| Taxes, remuneration and social security45 | €44,870 | €35,056 | €2,035 | €15,252 | €12,478 | ▼ 18.2% |
| Taxes450/3 | €37,479 | €27,574 | €2,035 | €15,252 | €12,478 | ▼ 18.2% |
| Remuneration and social security454/9 | €7,392 | €7,481 | €0 | - | - | - |
| Other amounts payable47/48 | €4,486 | €9,471 | €10,851 | €8,079 | €8,442 | ▲ 4.5% |
| Accrued charges and deferred income492/3 | €2,570 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €117,333 | €103,904 | -€6,352 | -€15,425 | -€1,877 | ▲ 87.8% |
| + Depreciation and write-downs630 | €30,424 | €32,935 | €36,452 | €42,952 | €49,754 | ▲ 15.8% |
| Operating cash flow (approximation) | €147,757 | €136,839 | €30,100 | €27,527 | €47,877 | ▲ 73.9% |
| Investment in fixed assets (approximation) | - | -€2,151 | -€123,116 | €17,074 | -€90,464 | ▼ 630% |
| Change in cash | - | €126,358 | €163,986 | -€18,205 | -€42,226 | ▼ 132% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€15,425
Net result drops to -€15,425, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 75 days late
2021
31-12
Financial
Highest result since 2018net €117,333 ▲21.5%
Net result €117,333, the highest in the series.
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 55 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 14.70
Current ratio from 5.52 to 14.70; short-term debt falls from €116,783 to €46,797.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 87 days late
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 34 days late
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 45 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Hasselt · 2 establishment units since 1998
Ground area
6,251 m²
Building footprint
2,681 m²
Volume, LiDAR
1 m³
2 parcels, Flanders · tallest building 0.3 m. Linked by address, not a title deed.
2 establishment units
POLYTOOLS
since 19982.088.541.543
Krikelshoutstraat 36, 3511 Hasselt
since 20242.360.030.883
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71032A0372/00Y002 | Flanders | 3,316 m² | 1 · 985 m² | 0.3 m |
| 71032B0680/00C000 | Flanders | 2,936 m² | 1 · 1,695 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900CS0V5PKOHC7S60
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Of 1,228 companies in sector 46851 we hold annual accounts for 518. 347 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
Founded24-09-1998
Fiscal year end31-12
Activities, NACEBEL 2025
46851Wholesale of industrial chemicals
Scores and ratios are computed by Checked and are not a credit decision.