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POLYWORKS CONCEPTS

Active
Public limited companyfounded 2011active for 15 yearsRue Martinroux(L) 78, 6220 Fleurus, BelgiumKBO/BCE: BE 0834.977.384
Summary

POLYWORKS CONCEPTS has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €325,059 and a net result of €20,090, of which €10,572 non-recurring income. Equity remains stable across the filed financial years (±1.3% per year). Its solvency ranks better than 59% of 317 sector peers (NACE 20, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
POLYWORKS CONCEPTSActiveChecked score 96/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of chemicals and chemical products
NACE 20160
1 site
Size
≈ €1.1mturnover 2025, estimated
Staff
8 FTE
Equity
€325,059
Profit
€20,090
Turnover estimated from the gross margin
Financial health
96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
SOCIETE BELGE DE MATERIAUX COMPOSITES · 90%
Holdings
1
  • JTT CONSULTING SPRLManaging director · permanent representative John Thomas THAELS
  • LT CONSEILS SPRLDirector · permanent representative Laurent THAELS
  • VANDENEYNDE OlivierDirector
2025 accounts 4 days early1 of 4 deeds summarised
Why 96raises riskSize: 8 FTE, total assets €568,979lowers riskLiquidity: current ratio 2.09, cash €163,725Founded in 2011Equity €325,059 (57.1% of total assets)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 66% of its sector peers (NACE 20, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 82+4
equity 57.1% of total assets
Liquidity 66+15
short-term debt 42.4% · cash 28.8%
Profitability 73+23
return on assets 3.5%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (355 companies, NACE 20, micro)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025 08-2025: 0.7%▲ +0.3 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: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.8%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 0.1%▼ -0.7 percentage points vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.09, compared with 1.87 in 2024, above the usual 1.5; short-term debt: 42.4% and cash: 28.8% of total assets), and 42.9% of the assets are financed with debt and provisions.
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 20, micro): better than 64% on solvency, 70% on liquidity, 66% on profitability and 67% on growth.

The bankruptcy probability was computed on 28-10-2026 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.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 2.09, cash €163,725
NBB · annual accounts
lowers risk · Founded in 2011
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Equity €325,059 (57.1% of total assets)
NBB · annual accounts
raises risk · Size: 8 FTE, total assets €568,979
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
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 filings
Deviation from the deadline
2025
4 days early
2024
25 days late
2023
30 days early
2022
11 days early
2021
1 day early
2020
53 days early
2019
22 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 14 days before the deadline; the sector median (NACE 20) for financial year 2024 is 22 days before the deadline, and 26% of those companies filed late.

Searched, nothing found (2)
neutral · 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 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Back to profitnet €20,090
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Positive: Back in profit in 2025after -€740,315 in 2024 €20,090 View
  • Caution: Among the weakest 11% on equitysector median €7.4m · 315 companies €325,059 View
  • Controlled by SOCIETE BELGE DE MATERIAUX…the company in turn controls 1 companies 90% View

By topic

Financials

Financial year
2025
Total assets
€568,979
Profit
€20,090
Solvency
57.1%
Total assets▼ 1.1%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
Parent
SOCIETE BELGE DE MATERIAUX… · 90%
  • JTT CONSULTING SPRLManaging director
  • LT CONSEILS SPRLDirector
  • VANDENEYNDE OlivierDirector
Go to Board & ownership

Timeline

Events
22
Since
2012
Next accounts
by 31-07-2027
  1. 31-12-2024Weakest financial year
  2. 01-07-2024Annual accounts filed
  3. 30-11-2023Resignations: VANDENEYNDE Olivier, LT CONSEILS SPRL and…
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of chemicals and chemical productsNACE 20160
Founded
30-03-2011
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
34
Annual meeting
First Saturday of May at 10:00
Purpose
“L’étude,la recherche,le développement,la fabrication,l’achat,la vente,la commercialisation…” (deed in French)
Go to Articles of association

Key facts about POLYWORKS CONCEPTS

What is the company number of POLYWORKS CONCEPTS?
0834.977.384. In Belgium the VAT number is the company number with BE in front: BE 0834.977.384.
Where is POLYWORKS CONCEPTS based?
The registered office is at Rue Martinroux(L) 78, 6220 Fleurus.Company details
What does POLYWORKS CONCEPTS do?
According to the KBO register, the main activity is manufacture of chemicals and chemical products (NACE 20160).
What is the legal form of POLYWORKS CONCEPTS?
Public limited company (NV).
When was POLYWORKS CONCEPTS founded?
On 30-03-2011.
Is POLYWORKS CONCEPTS still active?
Yes, POLYWORKS CONCEPTS is an active enterprise in the KBO register.
How many employees does POLYWORKS CONCEPTS have?
On average 8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of POLYWORKS CONCEPTS?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is POLYWORKS CONCEPTS profitable?
In financial year 2025, POLYWORKS CONCEPTS made a profit of €20,090.
Where can I find the annual accounts of POLYWORKS CONCEPTS?
POLYWORKS CONCEPTS filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of POLYWORKS CONCEPTS due?
By 31-07-2027, for financial year 2026.Timeline

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