POLYTROPHYS
ActiveSummary
POLYTROPHYS has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-3.78M) and a net result of €-797k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
32
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▲+4
Solvency0=
Growth30=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.02 in 2024; short-term debt: 157.2% of total assets), and equity is negative.
Credit check for your own amount and term
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 68
Relative position
BE, all sectors
reference
Sector 68
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 2025Solvency, return and age of the figures
Solvency
-57.7%
Return on assets
-12.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-3.78M
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 26-03-2026, 127 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
127 d early
2024
118 d early
2023
54 d early
2022
66 d early
2021
94 d early
2020
3 d late
2019
25 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€170k▲ 0.9%
2019 · €168k
2018: €178k
2019: €168k
2018 → 2020
EBIT margin
-3.9%▲ 44.9pp
2019 · -48.8%
2018: -36.4%
2019: -48.8%
2018 → 2020
Net result
€-797k▲ 27.2%
2024 · €-1.09M
2018: €-103k
2019: €-123k
2020: €-66k
2021: €-381k
2022: €-497k
2023: €-1.01M
2024: €-1.09M
2018 → 2025
Working capital
€-10.24M▼ 4.8%
2024 · €-9.77M
2018: €-114k
2019: €-892k
2020: €-877k
2021: €-3.36M
2022: €-7.33M
2023: €-8.94M
2024: €-9.77M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-380k-€-877k▼ 131%€-1.89M▼ 116%€-2.98M▼ 57.9%€-3.78M▼ 26.7%
Operating result€-305k-€-314k▼ 3.0%€-610k▼ 94.2%€-640k▼ 4.9%€-420k▲ 34.4%
Net result€-381k-€-497k▼ 30.3%€-1.01M▼ 104%€-1.09M▼ 8.1%€-797k▲ 27.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €420k in 2025 against €640k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.55M
Fixed assets
€6.49M ▼ 4.8%
Current assets
€58k ▼ 65.5%
Key figures and ratios
EBITDA
€-90k▲
2024 · €-306k
Cash flow
€-467k▲
2024 · €-761k
Solvency
-57.7%▼
2024 · -42.7%
Current ratio
0.01▼
2024 · 0.02
Debt to equity
-2.73▲
2024 · -3.34
ROA
-12.2%▲
2024 · -15.7%
Interest coverage
-0.24▲
2024 · -0.67
Debt
€10.33M▲
2024 · €9.98M
Debt ≤ 1 year
€10.30M▲
2024 · €9.94M
Debt > 1 year
€36k=
2024 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.99M€6.55M▼
Fixed assets21/28€6.82M€6.49M▼
Tangible fixed assets22/27€6.82M€6.49M▼
Land and buildings22€6.82M€6.49M▼
Plant, machinery and equipment23€6k-
Current assets29/58€167k€58k▼
Amounts receivable within one year40/41€167k€51k▼
Trade receivables40€12k€22k▲
Other amounts receivable41€155k€29k▼
Deferred charges and accrued income490/1-€6k
Equity and liabilities
Total equity and liabilities10/49€6.99M€6.55M▼
Equity10/15€-2.98M€-3.78M▼
Contributions10/11€8.00M€8.00M=
Outside capital11€8.00M€8.00M=
Other1109/19€8.00M€8.00M=
Profit (loss) carried forward14€-10.98M€-11.78M▼
Amounts payable17/49€9.98M€10.33M▲
Amounts payable after more than one year17€36k€36k=
Other amounts payable178/9€36k€36k=
Amounts payable within one year42/48€9.94M€10.30M▲
Financial debts43€6.12M€6.09M▼
Credit institutions430/8€6.12M€6.09M▼
Trade debts44€483k€602k▲
Suppliers440/4€483k€602k▲
Advances received on contracts in progress46€14k€67k▲
Taxes, remuneration and social security45€116k€3k▼
Taxes450/3€116k€3k▼
Other amounts payable47/48€3.20M€3.54M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€334k€330k▼
Other operating charges640/8€338k€178k▼
Gross operating margin9900€33k€88k▲
Operating profit (loss)9901€-640k€-420k▲
Financial income75/76B€205-
Recurring financial income75€205-
Financial charges65/66B€455k€377k▼
Recurring financial charges65€455k€377k▼
Profit (loss) for the period before taxes9903€-1.09M€-797k▲
Profit (loss) for the period9904€-1.09M€-797k▲
Profit (loss) for the period to be appropriated9905€-1.09M€-797k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-10.98M€-11.78M▼
Profit (loss) brought forward from the previous period14P€-9.89M€-10.98M▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-1.09M
Net result drops to €-1.09M, the lowest in the series; recovery starts the following year.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 3 days late
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
17 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, Schilde · 1 establishment unit since 1990
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.
Wijnegemsteenweg 222970 SchildeGround area
5,839 m²
Building footprint
2,820 m²
Volume, LiDAR
42,182 m³
2 parcels, Brussels, Flanders · tallest building 27.6 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Herrmann-Debrouxlaan 40, 1160 Oudergem
since 19902.047.036.332
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332B0424/00D008 | Brussels | 5,192 m² | 1 · 2,419 m² | 27.6 m · 7 fl. |
| 11041B0587/00G000 | Flanders | 647 m² | 1 · 401 m² | 25.3 m |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 565 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-11-1989
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.