POLARIS
ActivePOLARIS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11k and a net result of €6k. Equity is shrinking by ~24.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 21% of 7993 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+4
Solvency40▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.83 against 3.21 in 2024; short-term debt: 53.3% and cash: 31.3% of total assets), but 84.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 7993 sector peers (2025).
NBB · sector comparisonPosition among 7993 sector peers
Solvency
better than 21%
← weakest
strongest →
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 23-03-2026, 130 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
130 d early
2024
15 d early
2023
20 d early
2022
on the day
2021
3 d early
2020
30 d early
← 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, abbreviated schema
Equity
€11k▼ 39.3%
2024 · €18k
2020: €40k
2021: €138k
2022: €183k
2023: €14k
2024: €18k
2020 → 2025
Total assets
€73k▼ 6.7%
2024 · €78k
2020: €78k
2021: €202k
2022: €231k
2023: €49k
2024: €78k
2020 → 2025
Net result
€6k▲ 59.3%
2024 · €4k
2020: €37k
2021: €98k
2022: €46k
2023: €6k
2024: €4k
2020 → 2025
Working capital
€33k▼ 38.1%
2024 · €52k
2020: €27k
2021: €122k
2022: €178k
2023: €8k
2024: €52k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€138k-€183k▲ 33.0%€14k▼ 92.1%€18k▲ 26.5%€11k▼ 39.3%
Operating result€128k-€63k▼ 50.5%€10k▼ 84.6%€8k▼ 18.3%€16k▲ 95.6%
Net result€98k-€46k▼ 53.3%€6k▼ 86.9%€4k▼ 35.9%€6k▲ 59.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 96% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €73k
Fixed assets
€2k▼ 24.4%
Current assets
€72k▼ 6.1%
Equity and liabilities €73k
Equity
€11k▼ 39.3%
Debt
€62k▲ 3.2%
The debt ratio rises from 76.8% to 84.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€16k▲
2024 · €12k
Cash flow
€7k▼
2024 · €8k
Solvency
15.1%▼
2024 · 23.2%
Current ratio
1.83▼
2024 · 3.21
Quick ratio
1.83▼
2024 · 3.21
Debt / equity
5.61▲
2024 · 3.30
ROE
54.9%▲
2024 · 20.9%
ROA
8.3%▲
2024 · 4.9%
Interest coverage
10.08▲
2024 · 7.60
Debt
€62k▲
2024 · €60k
Debt ≤ 1 year
€39k▲
2024 · €24k
Debt > 1 year
€23k▼
2024 · €36k
Income taxes
€9k▲
2024 · €3k
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€78k€73k▼
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€2k€1k▼
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€271€271=
Current assets29/58€76k€72k▼
Amounts receivable after more than one year29€4k€25k▲
Other amounts receivable291€4k€25k▲
Amounts receivable within one year40/41€22k€22k▼
Trade receivables40€17k€18k▲
Other amounts receivable41€5k€4k▼
Cash at bank and in hand54/58€47k€23k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€78k€73k▼
Equity10/15€18k€11k▼
Contributions10/11€5k€5k=
Reserves13€13k€6k▼
Distributable reserves133€13k€6k▼
Amounts payable17/49€60k€62k▲
Amounts payable after more than one year17€36k€23k▼
Other amounts payable178/9€36k€23k▼
Amounts payable within one year42/48€24k€39k▲
Trade debts44€20k€35k▲
Suppliers440/4€20k€35k▲
Taxes, remuneration and social security45€4k€4k▲
Taxes450/3€4k€4k▲
Accrued charges and deferred income492/3-€201
Income statement
Code20242025
Non-recurring operating income76A-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€540▼
Other operating charges640/8€1k€377▼
Gross operating margin9900€14k€16k▲
Operating profit (loss)9901€8k€16k▲
Financial income75/76B€219€716▲
Recurring financial income75€219€716▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€7k€15k▲
Income taxes67/77€3k€9k▲
Profit (loss) for the period9904€4k€6k▲
Profit (loss) for the period to be appropriated9905€4k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€6k▲
Transfer from equity791/2-€13k
Transfer to equity691/2€4k€6k▲
To other reserves6921€4k€6k▲
Profit to be distributed694/7-€13k
Return on contributions (dividend)694-€13k
The notes to these accounts (10 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
23-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €4k ▼35.9%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 3.21
Current ratio from 1.23 to 3.21; short-term debt falls from €35k to €24k.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150kEq €183k ▲33%
3 profitable years in a row build equity to €183k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2020net €98k ▲163%
Operating result €128k, net result €98k, both a record.
31-12
Financial
Equity above €100kEq €138k ▲241%
2 profitable years in a row build equity to €138k.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Brugge · 1 establishment unit since 2019
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.
Damse Steenweg 878380 BruggeGround area
362 m²
Building footprint
357 m²
Volume, LiDAR
1,732 m³
Parcel 31007B0477/00C000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
POLARIS
since 20192.291.309.650
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31007B0477/00C000 | Flanders | 362 m² | 1 · 357 m² | 7.9 m · 2 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.
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MAS DRIVE
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Of 4,422 companies in sector 46180 we hold annual accounts for 1,886. 945 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-07-2019
Fiscal year end31-12
Activities, NACEBEL
46180Agents specialised in the wholesale of other particular products
46190Agents in non-specialised wholesale trade
46499Wholesale of other household goods
47789Other retail sale of new goods
58290Other software publishing
62020IT consultancy
62200Computer consultancy and computer facilities management
64200Holdings
64210Activities of holding companies
64999Other financial services
66300Activities auxiliary to financial services and insurance activities
68110Buying and selling of own real estate
77110Renting and leasing of cars and light motor vehicles
77221Rental and leasing activities
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
82990Other business support services
85599Other education
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.