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PolyvaleSK

Active
Private limited companyfounded 20232 yrs activeTimmerdonckstraat 27, 2650 Edegem, BelgiumKBO/BCE: BE 1003.706.609
Summary

PolyvaleSK has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €8,179 and a net result of €6,038. Its solvency ranks better than 56% of 19375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2024
Axes
Profitability100
Solvency63
Growth-
Track record67
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.62; short-term debt: 61.9% and cash: 69.8% of total assets), but 61.9% 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
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 2024
Solvency, return and age of the figures
Solvency
38.1%
Return on assets
28.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
34 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 34 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 20 December 2023, PolyvaleSK was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€8,179
Total assets
€21,468
Net result
€6,038
Working capital
€8,179

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Equity and liabilities €21,468
Equity €8,179
Debt €13,289
Debt finances 61.9% of the balance-sheet total.
Key figures and ratios
2024 value
Current ratio
1.62
Debt to equity
1.62
ROE
73.8%
ROA
28.1%
Debt ≤ 1 year
€13,289
Income taxes
€3,243

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.9% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 39,276 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
Filed annual accounts As filed with the NBB · 2024 · 35 lines
Balance sheet Code2024
Assets
Total assets20/58€21,468
Current assets29/58€21,468
Amounts receivable within one year40/41€6,483
Trade receivables40€4,048
Other amounts receivable41€2,435
Cash at bank and in hand54/58€14,984
Equity and liabilities
Total equity and liabilities10/49€21,468
Equity10/15€8,179
Contributions10/11€3,000
Reserves13€5,179
Distributable reserves133€5,179
Amounts payable17/49€13,289
Amounts payable within one year42/48€13,289
Trade debts44€3,674
Suppliers440/4€3,674
Taxes, remuneration and social security45€8,755
Taxes450/3€7,127
Remuneration and social security454/9€1,628
Other amounts payable47/48€859
Income statement Code2024
Other operating charges640/8€890
Gross operating margin9900€10,208
Operating profit (loss)9901€9,318
Financial income75/76B€68
Recurring financial income75€68
Financial charges65/66B€106
Recurring financial charges65€106
Profit (loss) for the period before taxes9903€9,280
Income taxes67/77€3,243
Profit (loss) for the period9904€6,038
Profit (loss) for the period to be appropriated9905€6,038
Appropriation of the result
Profit (loss) to be appropriated9906€6,038
Transfer to equity691/2€5,179
To other reserves6921€5,179
Profit to be distributed694/7€859
Return on contributions (dividend)694€859

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Other operating charges640/8€890
Gross operating margin9900€10,208
Operating profit (loss)9901€9,318
Financial income75/76B€68
Recurring financial income75€68
Financial charges65/66B€106
Recurring financial charges65€106
Profit (loss) for the period before taxes9903€9,280
Income taxes67/77€3,243
Profit (loss) for the period9904€6,038
Profit (loss) for the period to be appropriated9905€6,038
Line2024
Assets
Total assets20/58€21,468
Current assets29/58€21,468
Amounts receivable within one year40/41€6,483
Trade receivables40€4,048
Other amounts receivable41€2,435
Cash at bank and in hand54/58€14,984
Equity and liabilities
Total equity and liabilities10/49€21,468
Equity10/15€8,179
Contributions10/11€3,000
Reserves13€5,179
Distributable reserves133€5,179
Amounts payable17/49€13,289
Amounts payable within one year42/48€13,289
Trade debts44€3,674
Suppliers440/4€3,674
Taxes, remuneration and social security45€8,755
Taxes450/3€7,127
Remuneration and social security454/9€1,628
Other amounts payable47/48€859
Line2024
Profit (loss) for the period9904€6,038
Operating cash flow (approximation)€6,038

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
27-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Edegem · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
182 m²
Building footprint
60 m²
Volume, LiDAR
507 m³
Parcel 11013A0267/00R002, Flanders · tallest building 9.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PolyvaleSK
Timmerdonckstraat 27, 2650 EdegemReal estate development
since 20232.353.350.058
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11013A0267/00R002 Flanders 182 m² 1 · 60 m² 9.1 m · 3 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.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 257 EUR awarded · 257 EUR paid
Year Entries awardedpaid
2025 1 257 EUR257 EUR
Schemes
1 entry · 257 EUR · 257 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 2,671 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
Founded20-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
74999Other professional, scientific and technical activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1003706609
Also 9925:BE1003706609
Registered 03-01-2024

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.