ACTIVE

POLYCONSTRUCT

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-11,1 k €

-5.7% YoY

Gross margin

177,2 k €

-22.7% YoY

Equity

197,1 k €

-5.3% YoY

Workforce

4,9 ETP

-33.8% YoY

What does POLYCONSTRUCT do?

POLYCONSTRUCT is a Private limited company incorporated in 1990. Its registered office is in Forest. It employs on average 4,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.048.913

Incorporation

30/01/1990

Legal form

Private limited company

Registered office

Rue de Bourgogne 29
1190 Forest · BruxellesSee on map

Contributed capital

37 200,00 €

Latest accounts

31/12/2025

Average workforce

4,9 ETP

Joint committees (1)

Signals

Solid equityLow riskGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	177,2 k €	-22.7%	229,3 k €	-18.5%	281,3 k €	-23.4%	367,3 k €	+8.0%	340,0 k €	-14.3%	396,7 k €	+7.6%	368,6 k €	+24.2%	296,9 k €	+2.1%	290,6 k €	-24.9%	387,2 k €	-1.3%	392,3 k €	-20.3%	492,4 k €	+13.0%	435,6 k €	-11.1%	490,1 k €	-15.2%	577,7 k €	+15.0%	502,1 k €	-8.6%	549,2 k €	-12.0%	624,3 k €	-0.9%	629,8 k €	+11.8%	563,3 k €
EBITDA	-6,9 k €	-214%	6,1 k €	+166%	-9,3 k €	-136%	25,8 k €	+50.2%	17,2 k €	-69.4%	56,1 k €	+513%	-13,6 k €	+31.4%	-19,8 k €	-272%	-5,3 k €	-118%	29,5 k €	-37.0%	46,8 k €	-12.7%	53,6 k €	-9.6%	59,3 k €	+27.4%	46,5 k €	-35.0%	71,6 k €	+7.3%	66,7 k €	+11.4%	59,9 k €	-15.3%	70,7 k €	-34.5%	107,9 k €	-7.5%	116,7 k €
Operating result	-14,3 k €	-44.7%	-9,9 k €	+58.1%	-23,6 k €	-188%	26,9 k €	+439%	-7,9 k €	-118%	45,1 k €	+324%	-20,1 k €	+25.1%	-26,9 k €	+11.4%	-30,3 k €	-763%	4,6 k €	-59.5%	11,3 k €	-37.3%	18,0 k €	-10.5%	20,1 k €	+5605%	353,0 €	-98.4%	21,9 k €	-10.4%	24,5 k €	+110%	11,7 k €	-58.3%	28,0 k €	-58.4%	67,3 k €	-12.6%	77,1 k €
Net result	-11,1 k €	-5.7%	-10,5 k €	-212%	9,4 k €	-3.1%	9,7 k €	+200%	-9,8 k €	-125%	39,1 k €	+330%	-17,0 k €	+30.2%	-24,3 k €	-15.1%	-21,1 k €	-3266%	668,0 €	-91.6%	8,0 k €	-59.2%	19,5 k €	+46.5%	13,3 k €	+264%	-8,2 k €	-162%	13,1 k €	-24.9%	17,5 k €	+203%	5,8 k €	-44.3%	10,3 k €	-69.5%	33,9 k €	-39.7%	56,2 k €
Balance sheet
Equity	197,1 k €	-5.3%	208,2 k €	-4.8%	218,7 k €	+4.5%	209,3 k €	+4.9%	199,5 k €	-4.7%	209,3 k €	+23.0%	170,2 k €	-9.1%	187,2 k €	-11.5%	211,5 k €	-9.1%	232,7 k €	+0.3%	232,0 k €	+3.6%	224,0 k €	+9.4%	204,8 k €	+7.0%	191,5 k €	-4.1%	199,6 k €	+7.0%	186,5 k €	+10.3%	169,1 k €	+3.5%	163,3 k €	+3.2%	158,3 k €	+6.7%	148,3 k €
Total assets	420,4 k €	-26.0%	567,8 k €	-15.4%	670,9 k €	-17.5%	813,7 k €	-12.9%	934,2 k €	+0.6%	928,8 k €	+3.3%	898,8 k €	-1.2%	909,7 k €	-6.8%	976,1 k €	-6.6%	1,0 M €	+6.3%	983,3 k €	-8.9%	1,1 M €	+16.1%	929,9 k €	+1.0%	920,4 k €	-8.2%	1,0 M €	+31.9%	759,8 k €	-7.0%	817,0 k €	-14.8%	959,4 k €	+6.9%	897,6 k €	-0.9%	905,9 k €
Cash	33,1 k €	-59.0%	80,6 k €	+165%	30,4 k €	-75.6%	124,6 k €	-31.1%	180,8 k €	+134%	77,2 k €	+157%	30,1 k €	+25.3%	24,0 k €	+44.3%	16,6 k €	-70.4%	56,1 k €	+116%	25,9 k €	-33.4%	38,9 k €	-12.5%	44,5 k €	-14.4%	51,9 k €	-9.7%	57,5 k €	-29.3%	81,3 k €	+237%	24,2 k €	-76.5%	102,9 k €	+2.8%	100,2 k €	+1160%	7,9 k €
Debts	223,3 k €	-37.9%	359,7 k €	-20.5%	452,2 k €	-25.2%	604,4 k €	-17.7%	734,7 k €	+2.1%	719,5 k €	-1.2%	728,6 k €	+0.8%	722,6 k €	-5.5%	764,5 k €	-5.9%	812,1 k €	+8.1%	751,3 k €	-12.2%	855,8 k €	+18.0%	725,1 k €	-0.5%	728,9 k €	-9.2%	802,6 k €	+40.0%	573,3 k €	-11.5%	648,0 k €	-18.6%	796,1 k €	+7.7%	739,3 k €	-2.4%	757,6 k €
Other
Workforce	4,9 ETP	-33.8%	7,4 ETP	-10.8%	8,3 ETP	-6.7%	8,9 ETP	-5.3%	9,4 ETP	-5.1%	9,9 ETP	-5.7%	10,5 ETP	+14.1%	9,2 ETP	+8.2%	8,5 ETP	-5.6%	9,0 ETP	-3.2%	9,3 ETP	-9.7%	10,3 ETP	-3.7%	10,7 ETP	-3.6%	11,1 ETP	-15.9%	13,2 ETP	+12.8%	11,7 ETP	+17.0%	10,0 ETP	-23.1%	13,0 ETP	0.0%	13,0 ETP	-3.7%	13,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Paul CALLENS

Director

Active

Ended mandates

Paul CALLENS

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/07/2026	19/06/2025	07/06/2024	09/08/2023	24/08/2022	18/08/2021
General meeting	15/07/2026	13/06/2025	09/04/2024	11/04/2023	12/04/2022	13/04/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/07/2026	22/07/2026	French	PDF
Abridged model	31/12/2024	13/06/2025	19/06/2025	French	PDF
Abridged model	31/12/2023	09/04/2024	07/06/2024	French	PDF
Abridged model	31/12/2022	11/04/2023	09/08/2023	French	PDF
Abridged model	31/12/2021	12/04/2022	24/08/2022	French	PDF
Abridged model	31/12/2020	13/04/2021	18/08/2021	French	PDF
Abridged model	31/12/2019	14/04/2020	16/09/2020	French	PDF
Abridged model	31/12/2018	09/04/2019	29/08/2019	French	PDF
Abridged model	31/12/2017	10/04/2018	31/08/2018	French	PDF
Abridged modelCorrection	31/12/2016	05/09/2017	30/01/2018	French	PDF
Abridged model	31/12/2016	05/09/2017	12/10/2017	French	PDF
Abridged model	31/12/2015	14/06/2016	01/09/2016	French	PDF
Abridged model	31/12/2014	08/08/2015	13/09/2015	French	PDF
Abridged model	31/12/2013	09/08/2014	20/09/2014	French	PDF
Abridged model	31/12/2012	07/08/2013	10/09/2013	French	PDF
Abridged model	31/12/2011	08/08/2012	20/10/2012	French	PDF
Abridged model	31/12/2010	17/08/2011	02/12/2011	French	PDF
Abridged model	31/12/2009	28/07/2010	09/09/2010	French	PDF
Abridged model	31/12/2008	15/07/2009	13/08/2009	French	PDF
Abridged model	31/12/2007	09/07/2008	01/08/2008	French	PDF
Abridged model	31/12/2006	30/05/2007	27/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Paul CALLENS

Director

Active

Ended mandates

Paul CALLENS

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/10/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares31/08/2005
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-11,1 k €↓
2024
Annual accounts 2024-10,5 k €↓
2023
Annual accounts 20239,4 k €↓
2022
Annual accounts 20229,7 k €↑
2021
Annual accounts 2021-9,8 k €↓
2020
Annual accounts 202039,1 k €↑
2019
Annual accounts 2019-17,0 k €↑
2018
Annual accounts 2018-24,3 k €↓
2017
Annual accounts 2017-21,1 k €↓
2016
Annual accounts 2016668,0 €↓
2015
Annual accounts 20158,0 k €↓
2014
Annual accounts 201419,5 k €↑
2013
Annual accounts 201313,3 k €↑
2012
Annual accounts 2012-8,2 k €↓
2011
Annual accounts 201113,1 k €↓
2010
Annual accounts 201017,5 k €↑
2009
Annual accounts 20095,8 k €↓
2008
Annual accounts 200810,3 k €↓
2007
Annual accounts 200733,9 k €↓
2006
Annual accounts 200656,2 k €
30/01/1990
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

POLYCONSTRUCT

Overview

What does POLYCONSTRUCT do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline