POLYTECH BELGIUM
ActivePOLYTECH BELGIUM has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €115k and a net result of €6k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 31% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▼-2
Solvency54=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.93 against 0.77 in 2023; short-term debt: 25.4% and cash: 7.3% of total assets), and 70.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
29.3%
Return on assets
1.5%
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 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
49 d early
2022
43 d early
2021
39 d early
2020
51 d early
2019
39 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€115k▲ 5.5%
2023 · €109k
2018: €62k
2019: €65k
2020: €73k
2021: €77k
2022: €95k
2023: €109k
2018 → 2024
Total assets
€392k▲ 3.7%
2023 · €378k
2018: €121k
2019: €121k
2020: €104k
2021: €347k
2022: €395k
2023: €378k
2018 → 2024
Net result
€6k▼ 57.5%
2023 · €14k
2018: €8k
2019: €3k
2020: €8k
2021: €4k
2022: €18k
2023: €14k
2018 → 2024
Working capital
€-7k▲ 76.2%
2023 · €-28k
2018: €59k
2019: €61k
2020: €68k
2021: €-18k
2022: €-43k
2023: €-28k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€73k-€77k▲ 5.4%€95k▲ 23.3%€109k▲ 14.8%€115k▲ 5.5%
Operating result€12k-€7k▼ 38.4%€26k▲ 259%€23k▼ 13.4%€16k▼ 28.4%
Net result€8k-€4k▼ 53.4%€18k▲ 358%€14k▼ 21.5%€6k▼ 57.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 28% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €392k
Fixed assets
€299k▲ 5.8%
Current assets
€93k▼ 2.6%
Equity and liabilities €392k
Equity
€115k▲ 5.5%
Debt
€277k▲ 2.9%
The debt ratio falls from 71.2% to 70.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€59k▼
2023 · €61k
Cash flow
€48k▼
2023 · €53k
Solvency
29.3%▲
2023 · 28.8%
Current ratio
0.93▲
2023 · 0.77
Quick ratio
0.77▲
2023 · 0.62
Debt / equity
2.41▼
2023 · 2.47
ROE
5.2%▼
2023 · 12.9%
ROA
1.5%▼
2023 · 3.7%
Interest coverage
9.17▼
2023 · 24.70
Debt
€277k▲
2023 · €269k
Debt ≤ 1 year
€99k▼
2023 · €123k
Debt > 1 year
€175k▲
2023 · €146k
Income taxes
€4k▼
2023 · €7k
Staff costs
€56k▲
2023 · €54k
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€378k€392k▲
Fixed assets21/28€283k€299k▲
Tangible fixed assets22/27€283k€299k▲
Land and buildings22€261k€244k▼
Furniture and vehicles24€22k€55k▲
Financial fixed assets28€175€175=
Current assets29/58€95k€93k▼
Stocks and contracts in progress3€19k€17k▼
Stocks30/36€19k€17k▼
Amounts receivable within one year40/41€66k€42k▼
Trade receivables40€54k€25k▼
Other amounts receivable41€12k€17k▲
Cash at bank and in hand54/58€5k€29k▲
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€378k€392k▲
Equity10/15€109k€115k▲
Contributions10/11€19k€19k=
Reserves13€86k€92k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€84k€90k▲
Profit (loss) carried forward14€4k€5k▲
Amounts payable17/49€269k€277k▲
Amounts payable after more than one year17€146k€175k▲
Financial debts170/4€146k€175k▲
Amounts payable within one year42/48€123k€99k▼
Current portion of amounts payable after more than one year42€22k€25k▲
Trade debts44€21k€18k▼
Suppliers440/4€21k€18k▼
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€1k€580▼
Remuneration and social security454/9€4k€4k▲
Other amounts payable47/48€75k€52k▼
Accrued charges and deferred income492/3€60€3k▲
Income statement
Code20232024
Non-recurring operating income76A-€13k
Remuneration, social security and pensions62€54k€56k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€42k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€119k€117k▼
Operating profit (loss)9901€23k€16k▼
Financial income75/76B€395€6▼
Recurring financial income75€395€6▼
Financial charges65/66B€2k€6k▲
Recurring financial charges65€2k€6k▲
Profit (loss) for the period before taxes9903€21k€10k▼
Income taxes67/77€7k€4k▼
Profit (loss) for the period9904€14k€6k▼
Profit (loss) for the period to be appropriated9905€14k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€10k▼
Profit (loss) brought forward from the previous period14P€3k€4k▲
Transfer to equity691/2€13k€6k▼
To other reserves6921€13k€6k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €109k ▲14.8%
6 profitable years in a row build equity to €109k.
18-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €18k ▲358%
Operating result €26k, net result €18k, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €3k ▼63.1%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
13-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
Have them read with priority
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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, Ramillies · 2 establishment units since 2012
Ground area
733 m²
Building footprint
312 m²
Volume, LiDAR
1,549 m³
2 parcels, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
POLYTECH SECURITY
since 20122.206.354.080
POLYTECH BELGIUM
since 20162.257.903.543
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25002C0376/00R000 | Wallonia | 468 m² | 1 · 136 m² | - |
| 25082B0527/00N000 | Wallonia | 265 m² | 1 · 176 m² | 10.3 m · 3 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.
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,766 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-01-2012
Fiscal year end31-12
Trade name FR
Polytech Security
Activities, NACEBEL
43211General electrical installation work
46643Wholesale of electrical equipment, including installation materials
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.polytech-security.be