Equity
€257,372 from €597,073 in 2022
Equity fell by 57% in 3 years.
POLAR ELECTRO BELGIUM
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €5.7m (2007)
€694,381▼ 5.6%
lowest -€128,609 (2013)
€18,207▲ 14.0%
peak €597,073 (2022)
€257,372▲ 7.6%
€93,282▼ 24.5%
peak 14.5 FTE (2017)
6.1 FTEunchanged
Board7 names since 2015
3 directorsYves Sprunger and 2 others
Owners
Documentsfilings and deeds
01-06-202660 days before the deadline
2025financial year
Appointment: BV VGD Bedrijfsrevisoren (statutory auditor) 31-12Debts from €123,605 to €93,282
Key points
from the 2025 annual accountsStaff
6.1 FTE from 14.5 in 2017
Between 2017 and 2025, 58% of the full-time equivalents disappeared.
Payment terms
69 days to suppliers
POLAR ELECTRO BELGIUM pays its suppliers 36 days earlier than in 2024.
Filings
22 annual accounts since 2004
The 2019 accounts came 59 days late. The other nine of the last ten were filed on time.
Board
1 joined
New director. Latest change 14-07-2026 · 3 in office.
Position in the sector
€257,372
Less equity than 80% of companies in wholesale trade. Sector median €1.6m · 6,119 companies.
Checked score
95
Excellent
Financially stronger than 62% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,895 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.2 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026highest value
05-2026: 0.1%▼ -0.3 percentage points vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Size: turnover €694,381, 6.1 FTE, total assets €350,653
lowers risk
Equity €257,372 (73.4% of total assets)
Founded in 2004
Liquidity: current ratio 1.58, cash €78,346
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 78% of them on solvency, 73% on liquidity, 47% on profitability and 51% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit verdict
Credit of up to €24,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.58 (1.27 in 2024), above the usual 1.5. Short-term debt is 26.6% and cash 22.3% of total assets. 26.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 days early
2024
13 days early
2023
79 days early
2022
61 days early
2021
68 days early
2020
61 days early
2019
59 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 40 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 May (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
3 directors appointed
SPRUNGER Yves, WERRING Sander and CHOUHMAT Eric · “nieuw voorwerp” (deed in Dutch) · General meeting of 14-07-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0864427079
Appointment: BV VGD Bedrijfsrevisoren (statutory auditor)
Permanent representative: Tina Burm · General meeting of 25-04-2025 · Gazette deed
Registered office moved from Dendemonde to Dendermonde
New registered office: Noordlaan 21, 9200 Dendermonde · Previous registered office: Noordlaan 21 - bus 1.3, 9200 Dendemonde · Resignation: Matti PALATSI (director) · General meeting of 05-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| POLAR ELECTRO BELGIUM Dendermonde | €0.7m | 4.4% | 73.4% | 6.1 |
| JOHNS MANVILLE BENELUX Ghent | €2.5m | 3.2% | 82.8% | 2.4 |
| COTRABEL Deinze | €0.7m | 22.7% | 38.6% | - |
| GARAGE WAELHEM Grimbergen | €2.1m | 0.2% | 45.7% | 11.3 |
| BRUMATEX Kapellen | €2.0m | 27.3% | 22.1% | 5 |
| GARAGE DE COCKER Aalst | €0.7m | 5.9% | 72.1% | 1 |
| FUTURE ELECTRONICS Aalst | - | - | 59.0% | 5.1 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as POLAR ELECTRO BELGIUM: agents specialised in the wholesale of other particular products (NACE 46180). They are comparable in size and age: total assets between €309,000 and €1m, founded between 1985 and 2004.
Official details
Source: KBO- Status
- Active since 31-03-2004Normal situation
- Activity
- Agents specialised in the wholesale of other particular productsNACE 46180and 4 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.138.093.9929200 Dendermonde, since 31-03-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 17-02-2026
Annual accounts 2025
- €350,653▼ 3.3%
- Employeeson 31-12-2025
- 7=
- Filing
- Filed on 01-06-2026, 60 days before the end of the filing period
Insights on POLAR ELECTRO BELGIUM
POLAR ELECTRO BELGIUM has existed since 2004. Turnover fell from €5.0m in 2006 to €694,381 in 2025 and staff from 12.5 to 6.1 full-time equivalents.
Turnover has fallen every year since 2015. Solvency rose in 2025 from 65.9% to 73.4% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about POLAR ELECTRO BELGIUM
- What is the company number of POLAR ELECTRO BELGIUM?
- The company number of POLAR ELECTRO BELGIUM is 0864.427.079. The VAT number is the same number with BE in front: BE 0864.427.079.
- Where is POLAR ELECTRO BELGIUM based?
- The registered office is at Noordlaan 21, 9200 Dendermonde.Company details
- What does POLAR ELECTRO BELGIUM do?
- According to the KBO register, the main activity is agents specialised in the wholesale of other particular products (NACE 46180).
- What is the legal form of POLAR ELECTRO BELGIUM?
- POLAR ELECTRO BELGIUM is a public limited company (NV).
- When was POLAR ELECTRO BELGIUM founded?
- POLAR ELECTRO BELGIUM was founded on 31-03-2004.
- Is POLAR ELECTRO BELGIUM still active?
- Yes, POLAR ELECTRO BELGIUM is an active enterprise in the KBO register.
- How many employees does POLAR ELECTRO BELGIUM have?
- POLAR ELECTRO BELGIUM had an average of 6.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does POLAR ELECTRO BELGIUM fall under?
- In its 2025 annual accounts, POLAR ELECTRO BELGIUM states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of POLAR ELECTRO BELGIUM?
- The turnover of POLAR ELECTRO BELGIUM was €694,381 in financial year 2025, according to the filed annual accounts.
- Is POLAR ELECTRO BELGIUM profitable?
- In financial year 2025, POLAR ELECTRO BELGIUM made a profit of €18,207.
- Where can I find the annual accounts of POLAR ELECTRO BELGIUM?
- POLAR ELECTRO BELGIUM filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of POLAR ELECTRO BELGIUM due?
- POLAR ELECTRO BELGIUM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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