Financials
- Fiscal year
- 2022
- Total assets
- €43,743
- Profit
- €10,856
- Solvency
- -69.4%
POLAR
ActiveSummary
The computed 12-month bankruptcy probability of POLAR is 4.7% (elevated). For POLAR, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show negative equity (-€30,343) and a net result of €10,856. Equity is growing by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 12% of 16685 sector peers (fiscal year 2022). The company has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Nightclubs
NACE 56302NACE 55402
1 site
How big
€43,743total assets 2022
- Equity
- -€30,343
- Profit
- €10,856
Turnover not published (abridged schema)
Financially healthy?
- Bankruptcy chance 12 m
- 4.7%
2022 figures too old to score
Who decides
Accounts 793 d overdue0 of 1 deed read
Signals- Figures for FY 2022 (filed 06-09-2023)- 3 financial years not filed after the legal deadline; latest accounts 31 days late; 3 of the last 3 late- Two or more financial years not filed+ Liquidity: current ratio 0.59, cash €32,432+ Founded in 1982Filed after the deadlineShow the evidence
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Financial strength, FY 2022 · tick = 2021
Average
Solvency
0=
equity -69.4% of total assets
Liquidity
50=
short-term debt 169.4% · cash 74.1%
Profitability
100=
return on assets 24.8%
Bankruptcy probability, 12 months
4.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.5%lowest value
12-2024: 2.0%▲ +38.8% vs 11-2024
01-2025: 3.5%▲ +73.4% vs 12-2024
02-2025: 3.5%● 0.0% vs 01-2025
03-2025: 3.6%▲ +2.0% vs 02-2025
04-2025: 3.2%▼ -10.9% vs 03-2025
05-2025: 3.2%● 0.0% vs 04-2025
06-2025: 3.2%● 0.0% vs 05-2025
07-2025: 3.2%● 0.0% vs 06-2025
08-2025: 4.5%▲ +40.2% vs 07-2025
09-2025: 4.5%● 0.0% vs 08-2025
10-2025: 5.1%▲ +13.0% vs 09-2025highest value
11-2025: 5.1%● 0.0% vs 10-2025highest value
12-2025: 5.1%● 0.0% vs 11-2025highest value
01-2026: 5.1%● 0.0% vs 12-2025highest value
02-2026: 5.1%● 0.0% vs 01-2026highest value
03-2026: 5.1%● 0.0% vs 02-2026highest value
04-2026: 5.1%● 0.0% vs 03-2026highest value
05-2026: 5.1%● 0.0% vs 04-2026highest value
06-2026: 5.1%● 0.0% vs 05-2026highest value
07-2026: 5.1%● 0.0% vs 06-2026highest value
08-2026: 4.7%▼ -6.7% vs 07-2026
09-2026: 4.7%● 0.0% vs 08-2026
10-2026: 4.7%● 0.0% vs 09-2026
- Figures for FY 2022 (filed 06-09-2023) raises the probability
- 3 financial years not filed after the legal deadline; latest accounts 31 days late; 3 of the last 3 late raises the probability
- Liquidity: current ratio 0.59, cash €32,432 lowers the probability
- Founded in 1982 lowers the probability for this profile
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline02-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
31 d late
2021
31 d late
2020
335 d late
2019
694 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 273 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2022 · micro…
- Highest result since 2018net €10,856 ▲15.7%
- Annual accounts filedfiscal year 2021 · micro…
Key points
By topic
Timeline
- Events
- 12
- Since
- 2014
- 31-08-2023Annual accounts filed
- 31-12-2022Highest result since 2018
- 31-08-2022Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- NightclubsNACE 56302
- Founded
- 26-11-1982
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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