POLAK
Open bankruptcyA bankruptcy procedure is open for POLAK according to publications in the Belgian State Gazette; curator: LINSE DE LEEUW. The file additionally contains 1 interim measure. The 2024 annual accounts show equity of €175k and a net result of €119k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2024, micro schema
Equity
€175k▲ 213%
2022 · €56k
2018: €22k
2019: €39k
2020: €41k
2021: €50k
2022: €56k
2018 → 2024
Total assets
€245k▲ 19.2%
2022 · €205k
2018: €148k
2019: €162k
2020: €276k
2021: €187k
2022: €205k
2018 → 2024
Net result
€119k▲ 1,802%
2022 · €6k
2018: €12k
2019: €17k
2020: €2k
2021: €8k
2022: €6k
2018 → 2024
Working capital
€165k▲ 268%
2022 · €45k
2018: €19k
2019: €36k
2020: €38k
2021: €38k
2022: €45k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222024Trend
Equity€39k-€41k▲ 5.7%€50k▲ 20.0%€56k▲ 12.6%€175k▲ 213%
Operating result€23k-€11k▼ 52.8%€25k▲ 125%€13k▼ 46.5%€161k▲ 1,110%
Net result€17k-€2k▼ 86.9%€8k▲ 270%€6k▼ 24.2%€119k▲ 1,802%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €161k in 2024, compared with €13k in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €245k
Fixed assets
€10k▼ 8.6%
Current assets
€234k▲ 20.8%
Equity and liabilities €245k
Equity
€175k▲ 213%
Debt
€69k▼ 53.5%
The debt ratio falls from 72.7% to 28.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€162k▲
2022 · €14k
Cash flow
€120k▲
2022 · €7k
Solvency
71.6%▲
2022 · 27.3%
Current ratio
3.38▲
2022 · 1.30
Quick ratio
1.73▲
2022 · 0.56
Debt / equity
0.40▼
2022 · 2.67
ROE
68.1%▲
2022 · 11.2%
ROA
48.7%▲
2022 · 3.1%
Interest coverage
7.82▲
2022 · 2.53
Debt
€69k▼
2022 · €149k
Debt ≤ 1 year
€69k▼
2022 · €149k
Income taxes
€21k▲
2022 · €2k
Staff costs
€359k▲
2022 · €53k
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 2022
Balance sheet
Code20222024
Assets
Total assets20/58€205k€245k▲
Fixed assets21/28€11k€10k▼
Tangible fixed assets22/27€4k€3k▼
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€2k€2k▼
Financial fixed assets28€8k€8k=
Current assets29/58€194k€234k▲
Stocks and contracts in progress3€110k€114k▲
Stocks30/36€110k€114k▲
Amounts receivable within one year40/41€70k€96k▲
Trade receivables40€32k-
Other amounts receivable41€39k€96k▲
Cash at bank and in hand54/58€14k€24k▲
Equity and liabilities
Total equity and liabilities10/49€205k€245k▲
Equity10/15€56k€175k▲
Contributions10/11€10k€10k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133-€2k
Profit (loss) carried forward14€44k€163k▲
Amounts payable17/49€149k€69k▼
Amounts payable within one year42/48€149k€69k▼
Financial debts43-€6k
Credit institutions430/8-€6k
Trade debts44€27k€12k▼
Suppliers440/4€27k€12k▼
Taxes, remuneration and social security45€48k€52k▲
Taxes450/3€21k€52k▲
Remuneration and social security454/9€28k-
Other amounts payable47/48€74k-
Income statement
Code20222024
Remuneration, social security and pensions62€53k€359k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€542€948▲
Other operating charges640/8-€10k
Gross operating margin9900€67k€531k▲
Operating profit (loss)9901€13k€161k▲
Financial charges65/66B€5k€21k▲
Recurring financial charges65€5k€21k▲
Profit (loss) for the period before taxes9903€8k€140k▲
Income taxes67/77€2k€21k▲
Profit (loss) for the period9904€6k€119k▲
Profit (loss) for the period to be appropriated9905€6k€119k▲
Appropriation of the result
Profit (loss) to be appropriated9906€44k€163k▲
Profit (loss) brought forward from the previous period14P€38k€44k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
21-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · POLAK BV SLACHTHUIS- STRAAT 110, 9000 GENT · event 15-09-2026
30-06
Interim measure
Provisional administrator
Ondernemingsrechtbank Gent
26-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 302 days late
2024
30-09
Financial
Highest result since 2018net €119k ▲1802%
Operating result €161k, net result €119k, both a record.
30-09
Financial
Liquidity triplescurrent ratio 3.38
Current ratio from 1.30 to 3.38; short-term debt falls from €149k to €69k.
30-09
Financial
Equity above €150kEq €175k ▲213%
6 profitable years in a row build equity to €175k.
30-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 274 days late
2023
16-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 200 days late
2021
24-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 146 days late
2020
31-12
Financial
Weakest financial yearnet €2k ▼86.9%
Net result drops to €2k, the lowest in the series.
28-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 150 days late
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 316 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gent · 1 establishment unit since 2018
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.
Slachthuisstraat 1109000 GentGround area
215 m²
Building footprint
181 m²
Volume, LiDAR
2,160 m³
Parcel 44804D3652/00X008, Flanders · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
POLAK
since 20182.273.312.289
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D3652/00X008 | Flanders | 215 m² | 1 · 181 m² | 14.4 m · 4 fl. |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LINSE DE LEEUW BRUSSELSESTEENWEG 691,
9050 GENTBRUGGE |
15-09-2026 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.273.312.289
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Of 2,477 companies in sector 47279 we hold annual accounts for 950. 703 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2017
Fiscal year end30-09
Activities, NACEBEL
47279Other retail sale of food
47299Retail trade
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.