Polar Bear
ActiveThe computed 12-month bankruptcy probability of Polar Bear is 1.6% (moderate). The 2025 annual accounts show equity of €2.34M and a net result of €259k. Its solvency ranks better than 55% of 92 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+6
Solvency67▼-8
Growth78
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 0.82 in 2024; short-term debt: 47.8% and cash: 9.2% of total assets), and 58.4% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 61
Relative position
BE, all sectors
reference
Sector 61
higher
← fewer bankruptcies
more bankruptcies →
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
41.6%
Return on assets
4.6%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
1 d early
2024
30 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.34M▲ 19.1%
2024 · €1.96M
2024: €1.96M
2024 → 2025
Total assets
€5.63M▲ 43.6%
2024 · €3.92M
2024: €3.92M
2024 → 2025
Net result
€259k▲ 2,382%
2024 · €10k
2024: €10k
2024 → 2025
Working capital
€534k
2024 · €-259k
2024: €-259k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€1.96M-€2.34M▲ 19.1%
Operating result€-1.02M-€-1.78M▼ 73.8%
Net result€10k-€259k▲ 2,382%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.78M in 2025 against €1.02M in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.63M
Fixed assets
€2.40M▼ 12.6%
Current assets
€3.23M▲ 175%
Equity and liabilities €5.63M
Equity
€2.34M▲ 19.1%
Provisions
€527k▲ 7.5%
Debt
€2.76M▲ 88.8%
The debt ratio rises from 37.3% to 49.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.48M▲
2024 · €154k
Cash flow
€3.51M▲
2024 · €1.19M
Solvency
41.6%▼
2024 · 50.2%
Current ratio
1.20▲
2024 · 0.82
Quick ratio
1.20▲
2024 · 0.82
Debt / equity
1.18▲
2024 · 0.74
ROE
11.1%▲
2024 · 0.5%
ROA
4.6%▲
2024 · 0.3%
Interest coverage
19.66▲
2024 · 6.23
Debt
€2.76M▲
2024 · €1.46M
Debt ≤ 1 year
€2.69M▲
2024 · €1.43M
Debt > 1 year
€18k▼
2024 · €18k
Income taxes
€100k▲
2024 · €12k
Staff costs
€68k▲
2024 · €47k
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€3.92M€5.63M▲
Fixed assets21/28€2.74M€2.40M▼
Intangible fixed assets21€2.70M€2.35M▼
Tangible fixed assets22/27€41k€50k▲
Land and buildings22€41k€50k▲
Plant, machinery and equipment23€0-
Furniture and vehicles24€506€448▼
Financial fixed assets28-€2k
Current assets29/58€1.17M€3.23M▲
Amounts receivable within one year40/41€1.13M€2.69M▲
Trade receivables40€415k€1.24M▲
Other amounts receivable41€714k€1.45M▲
Cash at bank and in hand54/58€25k€517k▲
Deferred charges and accrued income490/1€18k€16k▼
Equity and liabilities
Total equity and liabilities10/49€3.92M€5.63M▲
Equity10/15€1.96M€2.34M▲
Contributions10/11€1k€1k=
Reserves13€528€528=
Distributable reserves133€528€528=
Profit (loss) carried forward14€0€229k▲
Investment grants15€1.96M€2.11M▲
Provisions and deferred taxes16€491k€527k▲
Deferred taxes168€491k€527k▲
Amounts payable17/49€1.46M€2.76M▲
Amounts payable after more than one year17€18k€18k▼
Financial debts170/4€18k€18k▼
Amounts payable within one year42/48€1.43M€2.69M▲
Current portion of amounts payable after more than one year42€24k€10k▼
Financial debts43€753€327▼
Credit institutions430/8€753€327▼
Trade debts44€406k€540k▲
Suppliers440/4€406k€540k▲
Advances received on contracts in progress46€975k€2.02M▲
Taxes, remuneration and social security45€21k€91k▲
Taxes450/3€8k€73k▲
Remuneration and social security454/9€13k€18k▲
Other amounts payable47/48€5k€30k▲
Accrued charges and deferred income492/3€12k€49k▲
Income statement
Code20242025
Remuneration, social security and pensions62€47k€68k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.18M€3.25M▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€204k€1.55M▲
Operating profit (loss)9901€-1.02M€-1.78M▼
Financial income75/76B€855k€1.94M▲
Recurring financial income75€855k€1.94M▲
Financial charges65/66B€25k€75k▲
Recurring financial charges65€25k€75k▲
Profit (loss) for the period before taxes9903€-191k€86k▲
Transfer from deferred taxes780€214k€272k▲
Income taxes67/77€12k€100k▲
Profit (loss) for the period9904€10k€259k▲
Profit (loss) for the period to be appropriated9905€10k€259k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€259k▲
Profit (loss) brought forward from the previous period14P€-5k€0▲
Transfer to equity691/2€528€0▼
To other reserves6921€528€0▼
Profit to be distributed694/7€5k€30k▲
Return on contributions (dividend)694€5k€30k▲
Social balance
Average headcount (FTE)90871.21.6▲
The notes to these accounts (22 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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Equity above €2MEq €2.34M ▲19.1%
2 profitable years in a row build equity to €2.34M.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Zottegem · 2 establishment units 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.
Verkeerdhofstraat 49620 ZottegemGround area
1,863 m²
Building footprint
288 m²
Volume, LiDAR
1,508 m³
2 parcels, Flanders · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Polar Bear
since 20182.271.908.660
Polar Bear
since 20252.386.785.859
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41069B0460/00T000 | Flanders | 1,506 m² | 1 · 109 m² | 6.6 m · 2 fl. |
| 44808H0068/02W000 | Flanders | 357 m² | 1 · 179 m² | 11.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 · 11 entries · 2,353,243 EUR awarded · 623,923 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 738,537 EUR | 504,717 EUR |
| 2024 | 3 | 338,000 EUR | 117,500 EUR |
| 2023 | 2 | 175,000 EUR | 0 EUR |
| 2022 | 2 | 1,101,706 EUR | 1,706 EUR |
Schemes
Projectsubsidie voor een initiatief in de audiovisuele of gamesector (Decreet Vlaams Audiovisueel Fonds 1999)
Screen Flanders
European Union, budget
2023 to 2024 · 2 entries · 297,557 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2024 | 1 | 275,000 EUR |
| 2023 | 1 | 22,557 EUR |
Projects
101172161 - POLAR BEAR SLATE - POLAR BEAR - SLATE FUNDING APPLICATION 2024
THE_IDYLL - MEDIA CO-DEVELOPMENT APPLICATION
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Of 1,377 companies in sector 61100 we hold annual accounts for 586. 188 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-01-2018
Fiscal year end30-09
Activities, NACEBEL
59112Motion picture, video and television programme production, sound recording and music publishing activities
61100Wired, wireless and satellite telecommunications
59111Production of cinema films
59114Motion picture, video and television programme production, sound recording and music publishing activities
59120Post-production of films, video and television programmes
59130Motion picture, video and television programme production, sound recording and music publishing activities
59203Motion picture, video and television programme production, sound recording and music publishing activities
61200Telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.