POLYWORKS CONCEPTS
ActivePOLYWORKS CONCEPTS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €325k and a net result of €20k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 59% of 264 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
94
/ 100
Excellent▲ +24 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability31▲+31
Solvency98▲+4
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.09 against 1.87 in 2024), and 42.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 20
Relative position
BE, all sectors
reference
Sector 20
lower
← 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
57.1%
Return on assets
3.5%
Age of the figures
8 mo
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
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
25 d late
2023
30 d early
2022
11 d early
2021
1 d early
2020
53 d early
2019
22 d early
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€20k
2024 · €-740k
2018: €-27k
2019: €-5k
2020: €17k
2021: €576k
2022: €98k
2023: €10k
2024: €-740k
2018 → 2025
Working capital
€263k▲ 16.0%
2024 · €227k
2018: €309k
2019: €290k
2020: €315k
2021: €74k
2022: €174k
2023: €200k
2024: €227k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€937k-€1.04M▲ 10.5%€1.05M▲ 0.9%€305k▼ 70.8%€325k▲ 6.6%
Operating result€51k-€-124k€14k€54k▲ 292%€44k▼ 19.8%
Net result€576k-€98k▼ 82.9%€10k▼ 90.2%€-740k€20k
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €569k
Fixed assets
€65k▼ 27.4%
Current assets
€504k▲ 3.8%
Equity and liabilities €569k
Equity
€325k▲ 6.6%
Debt
€244k▼ 9.7%
The debt ratio falls from 47.0% to 42.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€65k▼
2024 · €77k
Cash flow
€41k▲
2024 · €-718k
Solvency
57.1%▲
2024 · 53.0%
Current ratio
2.09▲
2024 · 1.87
Quick ratio
1.40▲
2024 · 1.14
Debt / equity
0.75▼
2024 · 0.89
ROE
6.2%▲
2024 · -242.8%
ROA
3.5%▲
2024 · -128.7%
Interest coverage
9.37▼
2024 · 13.81
Debt
€244k▼
2024 · €270k
Debt ≤ 1 year
€241k▼
2024 · €259k
Debt > 1 year
€3k▼
2024 · €11k
Income taxes
€9k▼
2024 · €11k
Staff costs
€377k▲
2024 · €335k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€575k€569k▼
Fixed assets21/28€89k€65k▼
Intangible fixed assets21€16k€11k▼
Tangible fixed assets22/27€37k€26k▼
Plant, machinery and equipment23€18k€15k▼
Furniture and vehicles24€19k€9k▼
Other tangible fixed assets26€279€2k▲
Financial fixed assets28€36k€27k▼
Current assets29/58€486k€504k▲
Stocks and contracts in progress3€192k€167k▼
Stocks30/36€192k€167k▼
Amounts receivable within one year40/41€178k€166k▼
Trade receivables40€173k€162k▼
Other amounts receivable41€6k€4k▼
Cash at bank and in hand54/58€104k€164k▲
Deferred charges and accrued income490/1€12k€7k▼
Equity and liabilities
Total equity and liabilities10/49€575k€569k▼
Equity10/15€305k€325k▲
Contributions10/11€80k€80k=
Capital10€80k€80k=
Issued capital100€80k€80k=
Reserves13€8k€8k=
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Profit (loss) carried forward14€217k€237k▲
Amounts payable17/49€270k€244k▼
Amounts payable after more than one year17€11k€3k▼
Financial debts170/4€11k€3k▼
Amounts payable within one year42/48€259k€241k▼
Current portion of amounts payable after more than one year42€43k€40k▼
Financial debts43€119-
Other loans439€119-
Trade debts44€123k€101k▼
Suppliers440/4€123k€101k▼
Taxes, remuneration and social security45€56k€71k▲
Taxes450/3€12k€31k▲
Remuneration and social security454/9€44k€40k▼
Other amounts payable47/48€37k€29k▼
Income statement
Code20242025
Non-recurring operating income76A€15k€11k▼
Remuneration, social security and pensions62€335k€377k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€21k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€1k€3k▲
Gross operating margin9900€414k€450k▲
Operating profit (loss)9901€54k€44k▼
Financial income75/76B€148€2k▲
Recurring financial income75€148€2k▲
Financial charges65/66B€784k€16k▼
Recurring financial charges65€6k€7k▲
Non-recurring financial charges66B€778k€9k▼
Profit (loss) for the period before taxes9903€-729k€30k▲
Income taxes67/77€11k€9k▼
Profit (loss) for the period9904€-740k€20k▲
Profit (loss) for the period to be appropriated9905€-740k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€217k€237k▲
Profit (loss) brought forward from the previous period14P€957k€217k▼
Social balance
Average headcount (FTE)90878.58.0▼
The notes to these accounts (13 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet €-740k ▼7801%
Net result drops to €-740k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €1MEq €1.04M ▲10.5%
3 profitable years in a row build equity to €1.04M.
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €576k ▲3210%
Net result €576k, the highest in the series.
31-12
Financial
Equity above €500kEq €937k ▲159%
2 profitable years in a row build equity to €937k.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
07-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-05
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
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-11-2023
JTT CONSULTING SPRL: Resigned as Director (executive)
30-11-2023
LT CONSEILS SPRL: Resigned as Director (executive)
30-11-2023
VANDENEYNDE Olivier: Resigned as Director (executive)
Location & real-estate footprint
Registered office, Fleurus · 1 establishment unit since 2011
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.
Rue Martinroux(L) 786220 FleurusGround area
3,244 m²
Parcel 52332B0491/00K002, Wallonia. Linked by address, not a title deed.
1 establishment unit
polyworks concepts
since 20112.197.541.730
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52332B0491/00K002 | Wallonia | 3,244 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
DELRIN BELGIUM
BE 0799.473.307
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FAM. COOSEMANS
BE 0550.477.374
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A PRIORI PLASTICS
BE 0685.854.039
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J&T
BE 0734.565.855
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MEBROM
BE 0891.282.223
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Of 138 companies in sector 20160 we hold annual accounts for 94. 43 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-03-2011
Fiscal year end31-12
Activities, NACEBEL
20160Manufacture of chemicals and chemical products
24450Manufacture of basic metals
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.