POLYTRONICS
ActivePOLYTRONICS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €67k and a net result of €-8k. Equity is shrinking by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 26% of 275 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
20
/ 100
Critical▼ -16 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-18
Solvency10▼-1
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.44 against 0.42 in 2023), and 84.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 26
Relative position
BE, all sectors
reference
Sector 26
lower
← fewer bankruptcies
more bankruptcies →
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 · 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 2024Solvency, return and age of the figures
Solvency
15.1%
Return on assets
-1.7%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
70 d late
2023
107 d late
2022
153 d late
2021
2 d early
2020
122 d late
2019
182 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€67k▼ 10.3%
2023 · €75k
2018: €85k
2019: €85k
2020: €78k
2021: €69k
2022: €72k
2023: €75k
2018 → 2024
Total assets
€446k▼ 1.4%
2023 · €453k
2018: €634k
2019: €442k
2020: €447k
2021: €435k
2022: €430k
2023: €453k
2018 → 2024
Net result
€-8k
2023 · €3k
2018: €-4k
2019: €40
2020: €-7k
2021: €-8k
2022: €3k
2023: €3k
2018 → 2024
Working capital
€-186k▲ 3.6%
2023 · €-193k
2018: €-211k
2019: €-275k
2020: €-221k
2021: €-221k
2022: €-205k
2023: €-193k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€78k-€69k▼ 10.4%€72k▲ 4.3%€75k▲ 3.7%€67k▼ 10.3%
Operating result€-6k-€-7k▼ 15.7%€-27k▼ 269%€3k€-8k
Net result€-7k-€-8k▼ 8.3%€3k€3k▼ 11.0%€-8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €8k after €3k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €446k
Fixed assets
€302k▼ 4.1%
Current assets
€144k▲ 4.8%
Equity and liabilities €446k
Equity
€67k▼ 10.3%
Debt
€379k▲ 0.4%
The debt ratio rises from 83.4% to 84.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€6k▼
2023 · €16k
Cash flow
€6k▼
2023 · €16k
Solvency
15.1%▼
2023 · 16.6%
Current ratio
0.44▲
2023 · 0.42
Quick ratio
0.24▲
2023 · 0.22
Debt / equity
5.63▲
2023 · 5.03
ROE
-11.5%▼
2023 · 3.5%
ROA
-1.7%▼
2023 · 0.6%
Interest coverage
43.29▼
2023 · 135.55
Debt
€379k▲
2023 · €378k
Debt ≤ 1 year
€330k▼
2023 · €330k
Debt > 1 year
€48k=
2023 · €48k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€453k€446k▼
Fixed assets21/28€316k€302k▼
Tangible fixed assets22/27€316k€302k▼
Land and buildings22€309k€296k▼
Plant, machinery and equipment23€5k€5k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€137k€144k▲
Stocks and contracts in progress3€66k€65k▼
Stocks30/36€66k€65k▼
Amounts receivable within one year40/41€62k€71k▲
Trade receivables40€42k€52k▲
Other amounts receivable41€21k€19k▼
Cash at bank and in hand54/58€6k€6k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€453k€446k▼
Equity10/15€75k€67k▼
Contributions10/11€6k€6k=
Revaluation surpluses12€110k€110k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-43k€-51k▼
Amounts payable17/49€378k€379k▲
Amounts payable after more than one year17€48k€48k=
Other amounts payable178/9€48k€48k=
Amounts payable within one year42/48€330k€330k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€31k€21k▼
Suppliers440/4€31k€21k▼
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€4k€3k▼
Other amounts payable47/48€295k€306k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▼
Other operating charges640/8€6k€6k▼
Gross operating margin9900€23k€11k▼
Operating profit (loss)9901€3k€-8k▼
Financial income75/76B€246€35▼
Recurring financial income75€246€35▼
Financial charges65/66B€120€136▲
Recurring financial charges65€120€136▲
Profit (loss) for the period before taxes9903€3k€-8k▼
Profit (loss) for the period9904€3k€-8k▼
Profit (loss) for the period to be appropriated9905€3k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-43k€-51k▼
Profit (loss) brought forward from the previous period14P€-46k€-43k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
15-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 107 days late
2023
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 153 days late
2022
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 182 days late
2019
31-12
Financial
Back to profitnet €40
Net result €40 after one loss-making year.
05-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 97 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 61 days late
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Lubbeek · 2 establishment units since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Uilekot(LUB) 13210 LubbeekGround area
5,452 m²
Building footprint
413 m²
Volume, LiDAR
1,565 m³
2 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
POLYTRONICS
since 19932.060.569.911
Kloostermuur 35, 1702 Dilbeek
since 20122.209.521.131
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24066E0110/00F000 | Flanders | 3,641 m² | 1 · 176 m² | 6.8 m |
| 23026B0229/00V000 | Flanders | 1,811 m² | 1 · 237 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BEBRUSSA
BE 0544.396.959
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SKARD
BE 0748.750.621
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DP-Solutions
BE 0461.719.208
Oudenaarde · Eq €59k
Mobile Advanced Technology
BE 0472.013.480
Wavre · Eq €79k
OLIVIER Patrick
BE 0457.327.284
Péruwelz · Eq €79k
Of 120 companies in sector 26300 we hold annual accounts for 95. 52 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded11-01-1993
Fiscal year end31-12
Activities, NACEBEL
26300Manufacture of computer, electronic and optical products
31621
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.