POLARSUN

Active

Private limited companyfounded 2021active for 5 yearsRue du Fort 5, 4671 Blégny, BelgiumKBO/BCE: BE 0769.520.103

From the official registers: KBO 5 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of POLARSUN is 2.0% (moderate). The 2025 annual accounts show equity of €575,032 and a net result of -€124,460. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 23% of 9,865 sector peers (NACE 43, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

POLARSUNActiveChecked score 51/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 09-06-2021 Normal situation
Legal form: Private limited company
Registered office: Rue du Fort 5, 4671 Blégny
Activity: Other specialised construction activities NACE 43990and 2 others
Establishment unit: 2.332.312.837 4671 Blégny, since 09-06-2021
Financial year end: 31 December
Peppol: Reachable since 06-07-2021

Company details

Who decides

Board

J.ISTAManaging director · permanent representative Jérôme Ista
Arvest Group SRLDirector · since 15-12-2022
BFM SRLDirector · since 12-09-2023 · permanent representative Benoît Fabry
OVERCOOL SRLDirector · since 12-09-2023 · permanent representative Jan Van der Beke

Shareholders

Overcool100%annual accounts 2025

Board & ownership

How it is doing

51 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 2.0%

Annual accounts 2025

Gross margin: €1.5m; ▲ 0.7%
Turnover: ≈ €4.1m; estimated
Loss: €124,460
Equity: €575,032; ▼ 17.8%
Total assets: €2.6m; ▼ 1.4%
Staff: 21.5 FTE; ▲ 9.7%

2025 accounts 1 day early

Filed on 30-07-2026at the National Bank

Financials

Why 51raises riskFounded in 2021Size: 21.5 FTE, total assets €2.6mLiquidity: current ratio 1.21, cash €88,275, halvedlowers riskFigures for financial year 2025 (filed 01-08-2026)Show the evidence

Checked score

Score 2025

51 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 14% of its sector peers (NACE 43, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 47-4

equity 22.1% of total assets

Liquidity 15-27

short-term debt 73.2% · cash 3.4%

Profitability 24-45

return on assets -4.8%

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,649 companies, NACE 43, small)

Last 24 months 11-2024: 0.9% 12-2024: 0.9%● unchanged vs 11-2024 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.7%▼ -0.2 percentage points vs 01-2025lowest value 03-2025: 0.8%▲ +0.1 percentage points vs 02-2025 04-2025: 0.9%▲ +0.1 percentage points vs 03-2025 05-2025: 0.9%● unchanged vs 04-2025 06-2025: 1.0%▲ +0.1 percentage points vs 05-2025 07-2025: 0.7%▼ -0.3 percentage points vs 06-2025 08-2025: 0.7%● unchanged vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.8%▲ +0.1 percentage points vs 02-2026 04-2026: 0.9%▲ +0.1 percentage points vs 03-2026 05-2026: 1.0%▲ +0.1 percentage points vs 04-2026 06-2026: 1.0%● unchanged vs 05-2026 07-2026: 1.1%▲ +0.1 percentage points vs 06-2026 08-2026: 2.1%▲ +1.0 percentage point vs 07-2026highest value 09-2026: 2.0%▼ -0.1 percentage points vs 08-2026 10-2026: 2.0%● unchanged vs 09-2026

Credit of up to €25,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.21, compared with 1.3 in 2024, below the usual 1.5; short-term debt: 73.2% and cash: 3.4% of total assets), and 77.9% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, small): better than 24% on solvency, 7% on liquidity, 10% on profitability and 13% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Figures for financial year 2025 (filed 01-08-2026)

NBB · annual accounts

Founded in 2021

Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.

KBO

Size: 21.5 FTE, total assets €2.6m

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Liquidity: current ratio 1.21, cash €88,275, halved

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9865 sector peers (2025).

NBB · sector comparison

Position among 9865 sector peers

Solvency

better than 23%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

1 day early

2024

41 days early

2023

44 days early

2022

52 days early

← 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 35 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)

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 19 June (3 of the last 4 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

01-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Caution: From profit to loss in 2025after €9,738 in 2024 -€124,460 View
Caution: Among the weakest 5% on net resultsector median €26,903 · 9,857 companies -€124,460 View
Positive: Always filed on timeaccounts within the deadline every year 4 years View

Documents

Key facts about POLARSUN

What is the company number of POLARSUN?: 0769.520.103. In Belgium the VAT number is the company number with BE in front: BE 0769.520.103.
Where is POLARSUN based?: The registered office is at Rue du Fort 5, 4671 Blégny.Company details
What does POLARSUN do?: According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
What is the legal form of POLARSUN?: Private limited company (BV).
When was POLARSUN founded?: On 09-06-2021.
Is POLARSUN still active?: Yes, POLARSUN is an active enterprise in the KBO register.
How many employees does POLARSUN have?: On average 21.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of POLARSUN?: ≈ €4.1m in financial year 2025. Estimated from the gross margin of €1.5m: probably between €3.1m and €5.4m, based on 68 comparable companies, NACE 43.
Is POLARSUN profitable?: In financial year 2025, POLARSUN made a loss of €124,460.
Where can I find the annual accounts of POLARSUN?: POLARSUN filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of POLARSUN due?: By 31-07-2027, for financial year 2026.Timeline