POLYWAL

Active

Private limited companyfounded 1998active for 28 yearsSint-Jorisstraat 22-24, 1050 Elsene, BelgiumKBO/BCE: BE 0462.873.508

Summary

POLYWAL has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €78,132 and a net result of -€25,240. Equity is growing by about 24% per year across the filed financial years. Its solvency ranks better than 90% of 2,435 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Risk analysisFollow Report Compare

POLYWALActiveChecked score 64/100

Risk analysis Report Compare

Activity

Other specialised construction activities

NACE 43990

1 site

Size

€4,225turnover 2025

Staff: 0.6 FTE
Equity: €78,132
Loss: -€25,240

Financial health

64 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 1.2%

Structure

BARROS CARNEIRO Hélder AlexandreDirector

2025 accounts filed 27 days late1 of 4 deeds summarised

Why 64raises riskLoss of €25,240 (financial year 2025)Sector: Specialised construction activities (NACE 43)Size: turnover €4,225, 0.6 FTE, total assets €95,566Liquidity: current ratio 4.53, cash €366, halvedShow the evidence

Checked score

Score 2025

64 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 36% of its sector peers (NACE 43, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 100+1

equity 81.8% of total assets

Liquidity 45+1

short-term debt 18.2% · cash 0.4%

Profitability 0-100

return on assets -26.4%

Bankruptcy probability, 12 months

1.2% Low

0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,640 companies, NACE 43, micro)

Last 24 months 11-2024: 1.3% 12-2024: 1.3%● unchanged vs 11-2024 01-2025: 1.3%● unchanged vs 12-2024 02-2025: 1.3%● unchanged vs 01-2025 03-2025: 1.3%● unchanged vs 02-2025 04-2025: 1.3%● unchanged vs 03-2025 05-2025: 1.4%▲ +0.1 percentage points vs 04-2025 06-2025: 1.3%▼ -0.1 percentage points vs 05-2025 07-2025: 1.6%▲ +0.3 percentage points vs 06-2025highest value 08-2025: 0.7%▼ -0.9 percentage points vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.6%▼ -0.1 percentage points vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026lowest value 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 1.0%▲ +0.4 percentage points vs 07-2026 09-2026: 1.2%▲ +0.2 percentage points vs 08-2026 10-2026: 1.2%● unchanged vs 09-2026

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 90% on solvency, 36% on liquidity, 4% on profitability and 12% on growth.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

raises risk

Loss of €25,240 (financial year 2025)

NBB · annual accounts

Sector: Specialised construction activities (NACE 43)

KBO

Size: turnover €4,225, 0.6 FTE, total assets €95,566

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Liquidity: current ratio 4.53, cash €366, halved

NBB · annual accounts

2025 accounts filed 27 days late

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 10 filings

Deviation from the deadline

2025

27 days late

2024

9 days early

2023

27 days early

2022

38 days late

2021

99 days late

2020

5 days late

2019

6 days early

← 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 18 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 August (4 of the last 5 filed years within 53 days of that day).

Companies Code · seven months

Where today falls in the filing period

27-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

27-08-2026 Annual accounts filedfinancial year 2025 · full…
31-12-2025 Weakest financial yearnet -€25,240
22-07-2025 Annual accounts filedfinancial year 2024 · full…

Key points

Caution: From profit to loss in 2025after €41,512 in 2024 -€25,240 View
Caution: Among the weakest 14% on net resultsector median €42,866 · 2,436 companies -€25,240 View
One director decidessole director in office 1 View

By topic

Financials

Financial year: 2025
Turnover: €4,225
Loss: -€25,240
Solvency: 81.8%

Turnover▼ 98.8%

Net result

20192025

Go to Financials

Board & ownership

Board: 1 member

BARROS CARNEIRO Hélder AlexandreDirector

Go to Board & ownership

Timeline

Events: 32
Since: 1999
Next accounts: by 31-07-2027

07-01-2025Reappointment: BARROS CARNEIRO Hélder Alexandre (director)
31-12-2024Highest result from 2018 to 2025
31-12-2024Equity above €100,000

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Other specialised construction activitiesNACE 43990
Founded: 19-03-1998
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 24

Annual meeting: Third Friday of May at 10:00

Go to Articles of association

Key facts about POLYWAL

What is the company number of POLYWAL?: 0462.873.508. In Belgium the VAT number is the company number with BE in front: BE 0462.873.508.
Where is POLYWAL based?: The registered office is at Sint-Jorisstraat 22-24, 1050 Elsene.Company details
What does POLYWAL do?: According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
What is the legal form of POLYWAL?: Private limited company (BV).
When was POLYWAL founded?: On 19-03-1998.
Is POLYWAL still active?: Yes, POLYWAL is an active enterprise in the KBO register.
How many employees does POLYWAL have?: On average 0.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of POLYWAL?: €4,225 in financial year 2025, according to the filed annual accounts.
Is POLYWAL profitable?: In financial year 2025, POLYWAL made a loss of €25,240.
Where can I find the annual accounts of POLYWAL?: POLYWAL filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of POLYWAL due?: By 31-07-2027, for financial year 2026.Timeline