Active BE 0456.597.806Private limited company (pre-2019)

POLEA

Rue Basse(TO) 23 ·7904 Leuze-en-Hainaut, Belgium· 30 yrs active

Sector: Handelsbemiddeling in de groothandel in andere specifieke goederen (46180)

Conclusion Checked

The KBO register records legal situation 050 for POLEA (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show equity of €29k and a net result of €12k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€29k
Net result	€12k
Staff (FTE)	5
Better than sector	38%

Financial profile 5 of 5 axes measured · computed by Checked

32 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 8

Profitability 45

Solvency 20

Growth 85

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

0 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Trust signals 1 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2021 · computed

8 / 100 Critical

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2021 and the legal situation the KBO register itself records. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 23-12-2022 with the NBB · fiscal year 2021 · micro

RevenueOperating resultNet result

Sector comparison

Fiscal year 2021 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	13.4%	26.3%	better than 38% of 1576 sector peers
Net result	€12k	€4k	better than 63% of 1578 sector peers
Equity	€29k	€22k	better than 55% of 1583 sector peers
Gross operating margin	€152k	€18k	better than 93% of 1574 sector peers
Staff costs	€126k	€21k	higher than 92% of 414 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€1.73M

+14.3% 18-21

EBITDA

€23k

+102.7% 18-21

Net profit

€12k

+74.6% 18-21

Cash flow

€20k

+95.9% 18-21

Total assets

€214k

-19.9% 18-21

Equity

€29k

+69.6% 18-21

Working capital

€415

- 18-21

Employees (FTE)

5

-23.1% 18-21

Show 13 other metrics

Staff costs

€126k

- 18-21

Income taxes

€1k

-33.6% 18-21

Debt

€185k

-26.0% 18-21

Debt ≤ 1y

€185k

-26.0% 18-21

Current ratio

1.00

+5.8% 18-21

Quick ratio

0.15

-52.2% 18-21

Solvency

13.4%

+111.8% 18-21

Debt / equity

6.47

- 18-21

ROE

41.0%

+3.0% 18-21

ROA

5.5%

+118.1% 18-21

Net margin

0.7%

+52.7% 18-21

EBITDA margin

1.3%

+77.3% 18-21

Interest coverage

7.04

- 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	micro
Revenue	€1.73M
EBITDA	€23k
Net profit	€12k
Cash flow	€20k
Staff costs	€126k
Income taxes	-
Dividends	-
Total assets	€214k
Equity	€29k
Debt	€185k
of which ≤ 1y	€185k
of which > 1y	-
Working capital	€415
Employees (FTE)	5.0

Ratios (computed)

	2021
Current ratio	1.00
Quick ratio	0.15
Working capital ratio	0.2%
Solvency	13.4%
Debt / equity	6.47
Long-term debt ratio	-
Interest coverage	7.04
Gross margin	8.1%
Net margin	0.7%
ROA	5.5%
ROE	41.0%
EBITDA margin	1.3%
Days sales outstanding	0d
Days payable outstanding	15d
Inventory turnover	10.09
Days inventory (DSI)	36d

Balance-sheet composition 2021

Assets

Fixed assets €28k · 13.2% Current assets €186k · 86.8%

Equity & liabilities

Equity €29k · 13.4% Debt €185k · 86.6%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€214k
Fixed assets	21/28	€28k
Tangible fixed assets	22/27	€28k
Financial fixed assets	28	€300
Current assets	29/58	€186k
Stocks & contracts in progress	3	€158k
Amounts receivable within one year	40/41	€26k
Cash & bank	54/58	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€214k
Equity	10/15	€29k
Contributions / capital	10/11	€10k
Accumulated profits (losses)	14	€18k
Amounts payable	17/49	€185k
Amounts payable within one year	42/48	€185k
Trade debts payable within one year	44	€64k
Income statement
Turnover	70	€1.73M
Gross operating margin	9900	€152k
Operating result	9901	€15k
Financial income	75	€2
Financial charges	65	€3k
Result before taxes	9903	€12k
Net result for the period	9904	€12k
Result to be appropriated	9905	€12k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Handelsbemiddeling in de groothandel in andere specifieke goederen(46180)
Legal form	Private limited company (pre-2019)(015)
Incorporation	08-12-1995
Status	Active
Postal code	7904

Establishment units 1 location

POLEA

Rue Basse(TO) 23, 7904 Leuze-en-HainautOverige installaties (inclusief accessoires), n.e.g.

since 19952.074.422.697

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
51058B0180/00L000	Wallonia	1,473 m²	1 · 302 m²	-

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.

Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2022

23-12-2022