Polar Advisory
ActivePolar Advisory has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32k and a net result of €6k. Equity is growing by ~39.4% per year across the filed fiscal years. Its solvency ranks better than 15% of 12690 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-2
Solvency38=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.36 against 0.94 in 2024; short-term debt: 37.1% and cash: 28.7% of total assets), but 87.3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.7%
Return on assets
2.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 12690 sector peers (2025).
NBB · sector comparisonPosition among 12690 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 5 filingsDeviation from the deadline
2025
26 d late
2024
26 d late
2023
41 d early
2022
30 d late
2021
92 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€32k▲ 22.0%
2024 · €26k
2021: €4k
2022: €13k
2023: €17k
2024: €26k
2021 → 2025
Total assets
€250k▲ 24.2%
2024 · €201k
2021: €191k
2022: €157k
2023: €175k
2024: €201k
2021 → 2025
Net result
€6k▼ 35.8%
2024 · €9k
2021: €-6k
2022: €9k
2023: €4k
2024: €9k
2021 → 2025
Working capital
€126k
2024 · €-10k
2021: €-47k
2022: €-26k
2023: €5k
2024: €-10k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4k-€13k▲ 228%€17k▲ 30.7%€26k▲ 52.0%€32k▲ 22.0%
Operating result€-4k-€17k€6k▼ 64.6%€9k▲ 50.4%€9k▼ 6.2%
Net result€-6k-€9k€4k▼ 55.8%€9k▲ 121%€6k▼ 35.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €250k
Fixed assets
€31k▼ 18.2%
Current assets
€219k▲ 33.9%
Equity and liabilities €250k
Equity
€32k▲ 22.0%
Debt
€218k▲ 24.5%
The debt ratio rises from 87.1% to 87.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20k▲
2024 · €18k
Cash flow
€17k▼
2024 · €18k
Solvency
12.7%▼
2024 · 12.9%
Current ratio
2.36▲
2024 · 0.94
Quick ratio
2.36▲
2024 · 0.94
Debt / equity
6.88▲
2024 · 6.74
ROE
18.0%▼
2024 · 34.2%
ROA
2.3%▼
2024 · 4.4%
Interest coverage
122.88▲
2024 · 51.79
Debt
€218k▲
2024 · €175k
Debt ≤ 1 year
€93k▼
2024 · €173k
Income taxes
€4k▲
2024 · €2k
Staff costs
€277k▲
2024 · €223k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€201k€250k▲
Fixed assets21/28€38k€31k▼
Intangible fixed assets21€19k€14k▼
Tangible fixed assets22/27€19k€16k▼
Furniture and vehicles24€19k€16k▼
Assets under construction and advance payments27-€141
Current assets29/58€164k€219k▲
Amounts receivable within one year40/41€85k€108k▲
Trade receivables40€85k€87k▲
Other amounts receivable41-€21k
Cash at bank and in hand54/58€49k€72k▲
Deferred charges and accrued income490/1€30k€39k▲
Equity and liabilities
Total equity and liabilities10/49€201k€250k▲
Equity10/15€26k€32k▲
Contributions10/11€10k€10k=
Reserves13€16k€22k▲
Distributable reserves133€16k€22k▲
Amounts payable17/49€175k€218k▲
Amounts payable within one year42/48€173k€93k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€129k€36k▼
Suppliers440/4€129k€36k▼
Advances received on contracts in progress46-€553
Taxes, remuneration and social security45€44k€56k▲
Taxes450/3€20k€30k▲
Remuneration and social security454/9€24k€26k▲
Other amounts payable47/48€178€0▼
Accrued charges and deferred income492/3€2k€125k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€223k€277k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€11k▲
Other operating charges640/8€395€900▲
Gross operating margin9900€242k€298k▲
Operating profit (loss)9901€9k€9k▼
Financial income75/76B€2k€958▼
Recurring financial income75€2k€958▼
Financial charges65/66B€350€162▼
Recurring financial charges65€350€162▼
Profit (loss) for the period before taxes9903€11k€9k▼
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€9k€6k▼
Profit (loss) for the period to be appropriated9905€9k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€6k▼
Transfer to equity691/2€9k€6k▼
To other reserves6921€9k€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
Next filing, fiscal year 2026, expected by
2026
11-09
State Gazette act
Incorporation · Founder
Founding capital · Bank account
10-09
State Gazette act
General meeting · Director resignation
Director discharge · Purpose change
31-08
State Gazette act
Incorporation · Founding capital
Bank account · First fiscal year
26-08
State Gazette act
Incorporation · Founding capital
Capital contribution · First fiscal year
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 2.36
Current ratio from 0.94 to 2.36; short-term debt falls from €173k to €93k.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are 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, Leuven · 1 establishment unit since 2021
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.
Liemingenstraat 213010 LeuvenGround area
872 m²
Building footprint
209 m²
Volume, LiDAR
1,710 m³
Parcel 24051A0355/00E011, Flanders · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Polar
since 20212.314.218.575
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24051A0355/00E011 | Flanders | 872 m² | 1 · 209 m² | 12.5 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 2,622 EUR awarded · 5,097 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 183 EUR | 183 EUR |
| 2024 | 1 | 1,121 EUR | 971 EUR |
| 2023 | 1 | 638 EUR | 3,263 EUR |
| 2022 | 1 | 680 EUR | 680 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,175 companies in sector 69201 we hold annual accounts for 7,638. 5,253 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-03-2021
Fiscal year end31-12
Abbreviation NL
Polar
Activities, NACEBEL
69201Certified accountants and tax accountants
69202Legal and accounting activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 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.dhp.tax